connell mcshane with the latest.onnell: one of the people who was living is working in that now infamous penthouse in the bahamas alongside sam bankman-fried, also lead engineer at ftx. we know what the government is doing, prosecutors are clearly building up cases against top lieutenants to secure guilty pleas to get them to testify against spf. caroline ellison, used to be his girlfriend, running out trading arm of alameda research. she has pleaded guilty to a number of crimes and they agreed to cooperate. was bankman-fried's remade at mit. the high school buddy of sam's younger brother gave and when the ftx executive authorities what was going on at the company you might remember he said there were only three people who had basically the authority to move money around, transfer cash to alameda. prosecutors are digging in the, he makes -- may face charges. at this point it's not clear if he will be accused of wrongdoing or if he is simply cooperating with the investigation. one thing he had in common with spf, he w

thank you, connell mcshane in the middle of all that.le of this old document scandal, the biden administration, what the president knew and when did he know it, since it has been more than 5 years for a number of documents, some raising the prospect the statute of limitations, no harm can be expected from the president. really? at adp, we understand business today looks nothing like it did yesterday. while it's more unpredictable, its possibilities are endless. from paying your people from anywhere to supporting your talent everywhere, we use data driven insights to design hr solutions and services to help businesses of all size work smarter today. so, they can have more success tomorrow. ♪ one thing leads to another ♪ if you have diabetes, then getting on the dexcom g6 is the single most important thing you can do. it eliminates painful fingersticks, helps lower a1c, and it's covered by medicare. before dexcom g6, i was frustrated. all of that finger-pricking and all of that pain, my a1c was still stuck. my diabetes was out of control.

connell mcshane putting it all together for us. ell. >> reporter: the other thing we're looking at look like the goldman sachs job cuts will probably happen this week. there are multiple reports that suggest as such that thousands of jobs will be cut at bold man. they expect on wednesday and that will top 3,000. for goldman that is a big deal. that is the largest round of layoffs since the 08 financial crisis. investment banking division at heart of it in goldman sachs will be likely hit the hardest in the job cuts. we know deal-making slowed down across wall street. morgan stanley, citigroup, reduced headcount for exact same reason. look for that as the week goes on. goldman sup with the rest of the market at 255 and change. a broader look at the market for a moment bus morgan stanley analysts are out with a with a pessimistic outlook. you see the s&p 500 now in the 3500 range, a little bit above that, as a matter of fact with 1% gain in the market we have today. morgan saying it could bottom out all the way down around the 3,000 m

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connell mcshane is here. if i were to go to the game, how much would it cost for everything?oup and not that a football game? i would go 10,000, depends on the seat you have. you need a flight, you need to stay somewhere, 10,000 it is a good round number, some fans of both of these teams who tell you they need to be there in person and attend the game in arizona. look at these numbers, they should know it will cost them. fans from philadelphia, cheapest flight from philly to phoenix, $924 on frontier airlines, better than the legacy carriers, united, nonstop, $2800 as of this morning. better if you are a kansas city fan. $780 round trip, you have to get out town midnight and to run to the airport. the other flights were more expensive. the motel 6 where they will leave the light on for stewart, almost $600, the motel 6, holiday and is 1400, not talking ritz-carlton are all these places. these are budget hotels. you sit at home, turn on the game on fox indeed chicken wings, no beer, just wings. important information, data in from wells fargo, the price of wings down 22% from l

connell mcshane. connell: a big deal, the super bowl thing.n person you've got to pay up. we have been adding it up for you, we have our best people working on this. it would be tough to get there and back for $10,000, this is from stubhub, close to 5 grand for the cheapest tickets. than the flight, say you are an eagles fan coming from philadelphia, frontier airlines your best bet. we found a flight for 900 like $4 round-trip, friday to monday. for comparison look at united, $2,800 for the same price. some are more than one thousand dollars a ticket. kansas city fans a little better, you can go from phoenix and back, 780 on united. the catch is you have to hightail it out of of the state in a hurry because the flight home is midnight sunday night otherwise is much more than that. place to stay somewhere near the stadium, glendale, arizona, the motel 6, which is fine, 576 a night. everything else is over $1000. your other option is to stay home and watch the game on television. we have decent news on that front. if you like chicken wings this

connell mcshane is joining us. we have this news.nancial discoveries looking for ways to pay back creditors? >> reporter: liz, the new management at the bankrupt ftx claimed to have found five billion dollars in cash and crypto. the lawyer says they may be able to sell some of those assets, to your point repay creditors but the company doesn't know how much money will end up giving back. the company went to counter for approval to keep names of customers secret and the judge actually went along with that particular request, agreeing with the argument that was made customer names can be a valuable trade secret. we often times see customer lists sold in the bankruptcy cases again so money can be made to repay the creditors. speaking of people who would like to be repaid of by sam bankman-fried's company, there was another court filing that rye revealed that names of some equity shareholders in ftx, huge investing names like the sequoia capital and third point and also some individual names of note appearing as well. tom brady once had

connell mcshane is in minnesota. of they want to build a second nickel plant there.always someone against everything, stuart. but it looks like they're going to be able to move ahead with this. they've been working very hard to make this come to light because, as you say, it's very important. half of the electric vehicles or half of the cars on the road in the country are going to be electric vehicles by the year 2023. the biden administration goal. the work being done here is very important in moving toward that goal. talon metals want to bring this nickel mine fully online by the year 2026 which happens to be the very same year that sole mine you alluded to in the state of michigan will be tapped out. >> this material is going to have to come from somewhere. and better to do it at high standard in the united states with working people being a part of actually the economic benefits of this. it's actually verifiable, it's trance parent -- transparent and, by and large, we hi9 that the majority of the people will actually support doing it here and doing it right. >> r

thank you very much, connell mcshane.ching on it here, tesla, stocks like that are under pressure. nothing to the degree of their owners or founders being under the pressure right now that elon musk is, eastern though as connell pointed out he is still one of the world's richest people. draw your attention to the nasdaq itself, it has put in a pretty good year, talking to charlie brady, senior editor, stocks editor, all things brilliant. not only major averages up year-to-date a clear reversal of the debacle last year, nasdaq itself up in excess of 4.3%. even with tesla dragging that a little bit. ray wang with us, constellation research, ceo, very good on all things technology. i never liked to make this leap, right, but i will try with you. does this have staying power? are you i impressed what you se? could go in new york minute if we get surprise on inflation front. higher interest rate front that goes beyond what we thought the fed would do. but what do you think? >> after last year the only place to go is up. even i

connell, thank you very much for that, connell mcshane following those developments. in the meantime, peter doocy and the documents. it sounds like the name of a band -- [laughter] but it's actually a crisis that's growing here and, peter, we don't know where this whole band is going, do we? i know the president's returning home to wilmington weekend. it's going to get a little more scrutiny than it has in the past. >> reporter: going home this weekend, a potential federal crime scene would be part of his house there. he does plan to return though. and there is a lot that we don't know, but somebody on the biden team did know about multiple locations that classified information was being mishandled. and even though they know that -- knew that, they sent the president out on tuesday to talk about one location, one box here in washington d.c. we know that that happened because merrick garland and the date that he laid out basically told us. still, though, white house officials insist they're doing everything right. what is the white house trying to hide? >> nothing. >>

connell mcshane following that, so much more. connell. >> reporter: as if, right. we were waiting for powell to your point make some sort of a point about the markets when he was speaking a the central bank conference in sweden but he really didn't. he didn't give investors any hints what the fed's next move might look like. no direct comments about economic or monetary policy at all while speaking in europe. he said interesting things. he was in part of the speech where he was saying price stability is the bedrock of a healthy economy. then the chairman said higher interest rates also carry some political risk. >> restoring price stability when inflation is high can require measures that are not popular in the short term as we raise interest rates to slow the economy. >> reporter: powell said after that, that the fed should stay politically independent while still tackling inflation. jpmorgan chase ceo jamie dimon meantime says that powell, the fed, they might have to raise the benchmark interest rate beyond the 5% mark as he gave us his latest economic outlook. t

connell mcshane taking us through those developments that are seesawing stocks. >> we could be fighting it down to the end. it might wrap up its worst we can four months. goldman sachs is preventing bigger gains today with the fed investigating its consumer business, goldman is done by 2 and 3 quarters of one% to find out if the proper safeguards are in place and stock is down 9 points, alphabet, the beginning are in the market in terms of stories we are watching, one of these bad news is good news moves with 12,000 job cuts coming, cross savings associated with job cuts, that is what we've seen for google's parent company. it is a 6% reduction of the rce and other checks giant, ac the stock up by 4%. another tech giant pivoting for lack of better term looking to be more efficient with it spending and the use of done the same, amazon, microsoft, meta. we see the same in recent months from all of these giant companies with job cuts, all doing well and today's market because tech is leading the way and one of the theories is one of these -- some of these huge companies are attractive plac

the disgraced ftx founder sam bankman-fried do back in federal court, connell mcshane is at the courthouse we expect? charles: we can expect them to plead not guilty to all charges leverage against him. he will be expected to enter a plea, ronnie abrams, the judge has recused herself, and advisor to sam bankman-fried, ftx at one point. bankman-fried, managing to secure the $250 million bond package awaiting trial. two other people will coastline as well. his lawyer, mark cohen, he's trying to keep their identities anonymous because he says the parents have been receiving threats. i am quoting, there is serious cause for concern that the shortage will face similar intrusions as well as threats and ask if their names appear unredacted to on their bonds or identities are otherwise publicly disclosed. that has been filed. bankman-fried was walking out of this courthouse, he was free on bail but also fully aware the two of his close associates had turned against caroline ellison reported to be his girlfriend at one time and a roommate at mit, co-founder of ftx. both of them pleaded guilty to ch

connell mcshane has more. : 5 billion apparently came out of a bankruptcy court this morning. their lawyer says yeah, we found 5 billion but we don't know how much is owed, and you know, we'll see. they're trying to put this whole thing back together and the other court filing that was interesting that came out yesterday was like 60-some pages long and it kind of told us how much of a stake some of these celebrities had and the names that had invested in ftx to begin with. most of the names i was going through the court filing name-by -name. most of it is wall street-type names, tiger global and third point, but i think two individual names also stand out, the most in terms of equity investors. these two, tom and giselle. tom brady with more than 1.1 million shares and that stake forbes estimates was once worth $45 million, each-wife giselle by that same forbes estimation had about $25 million in the company at one point but now all that seems to have been erased. the two of them as you might remember appeared

i notice connell mcshane wormed his way into this discussion. >> reporter: i'm so glad. >> this is outrageouswe can't let this stand. >> this has become a big internet sensation. the executive producer, melinda. neil: would have appreciated this. >> want you to talk about this. how have we gotten to the position where i am the best option available to talk about egg memes on the internet and she said we asked a dozen other people and they all said you know the answer. it is a big thing on the internet that has brought up. i brought is them, the first meme up so we can look at it together, number one, going to law school, left side of the screen or selling eggs, who knew floyd mayweather was a agassi. number 2, this one i got a kick out of. king eddie on the internet on twitter, he says eggs are $8. i am the only one -- neil: are there more? >> there are. a dozen fresh farm eggs, a trade year for 2015, don't try to lowball me. i know what i got. the next one, we only have two more, this one is not that funny. wrappers in 2023 trying to show they have a lot of money. instead of a necklace, what

connell mcshane has the story after this. ♪ cole hauser is an award winning actor who has starred inunting too fast, too furious and the current hit show yellowstone. beyond his impressive career, he is a proud supporter of the tunnel to towers foundation. i was able to spend some time with cole and his family to reflect on those who have sacrificed so much to defend our freedom. i know how much you care about america and our veterans and all the things. but you have such a platform now. yeah. and to share that with us that we need to get the word out that we have to take care of these great heroes and their families. you know, as i started to be more and more successful, i was like, how can i help? but when i heard of the tunnel of the towers, and i met brandon in idaho and his family, i was like, wow. there's actually a charity where we know where the money's. going to go. we have 95.1% of every dollar goes to our programs. and i think brandon's a great spokesman for t2t and and his wife, shannon, has two daughters. i mean, oh, my god. they're just special families. so pretty much,

. >> dana: connell mcshane. thank you. >> bill: tiktok taking more heat from the nation's capitol.the social media platform as a sponsor for its halftime shows as you have seen in recent college football games. martha maccallum is here. right now espn is taking the money. if the pressure cranks up they make a different decision or not. >> we've seen it escalate over the past decade or so we see entities put pressure on corporations over advertising. sometimes it works, sometimes it doesn't. sometimes it works for a short time and a longer time. we see the cross over. we're seen it happen in several states across the nation that banned it on government-used devices. now you are seeing it creep into the private sector as well. i do think this is one of your predictions, right for 2023 that we're testing the waters here for a ban across the country of tiktok. you see bytedance pushing back saying we aren't beholding to the chinese government but our f.b.i. director christopher wray and admiral haines disagree. >> dana: this is one of the only bipartisan agreements in americans. member

connell mcshane is here from fox business. we know he gave millions of dollars toward democratic causes. we do know he gave what, $5 million to biden's campaign in 2020 and we do know now he met four times at the white house. about what? >> about the most recent took place in september. there are other meetings in april and may. reported to -- it was an influence campaign trying to implement crypto currency policy. karine jean-pierre said it was about the pandemic. his brother runs -- what is acknowledged is that these meetings took place and we do know that sam bankman-fried freed although he claimed he has given an equal amount of money to democrats and republicans, the publicly disclosed funds are exclusively to democrat and liberal causes. it puts him second behind george soros in the last election cycles. >> dana: some of the document we saw they were virtue signaling by saying we'll give money to causes to get their foot in the door. in the west wing there was this part where president bartlett is in the oval office and

you will find our connell mcshane at the nasdaq market site following all of that. connell?> reporter: neil it has been a theme here early in 2023. you come into work a big-name technology company announces it is cutting jobs. the stock price of the company then goes up. many times the rest of the tech sector or in stocks in it follow suit. today spotify an example of that. one of the best-known names in the modern music world. that stock has been a big gainer here at nasdaq today, cutting 6% of its workforce. we're adding spotify to the growing list of names in the technology sector that have been reducing staff. i mean you know the names already, like meta, microsoft, amazon and alphabet. we could put so many others up there if we so choose to do and you know, the thing is many of these stocks have really been outperforming the rest of the market as tech continues to bounce. think of it this way, the nasdaq 100 coming into today was 6.2% higher so far in 2023. meaning so far this month. the broader market, the s&p 500, just 3 1/2% gain. so tech has been doing better than a

connell mcshane, who is universally loved. >> right. neil: joins us right now. >> it is nice.t think this through, did we? >> keeps you humble. neil: one of the things i love most, humility. >> you never get overconfident reading fan mail. neil: no. you worked with don imus for years. you learned a lot about that. i want to switch gears, my friend. i want to get into the whole tesla thing. we were noticing as we talked about turnarounds with the airline industry, tesla might be experiencing one itself. >> it might be. if you look at earnings, it is all about saying about the future. earnings per share last quarter better than expected, that was fine. the focus on this quarter next quarter, entire next year. key outlook from tesla, there it is. the company says they will make 1.8 million cars this year. that compares to 1.37 million last year. not the 50% sales growth tesla said is the long-term goal but hey, 37% would be fine in this economic environment. remember tesla cut prices by as much as 20% that was earlier this month. you come out with a forecast like this, seems to s

connell mcshane with fox business joins us. >> he is accused of stealing billions of dollars from hiswn customers. sam bankman-fried came to new york and pleaded not guilty to all of it. all eight federal crimes that he has been charged with. i will tell you it was a hectic scene when he arrived here at the courthouse in lower manhattan earlier in the day today accompanied by his lawyers and mother professor barbara freed. bankman-fried's lawyer marcoen pleaded not guilty on his behalf. then there was one new concern that surfaced where the government asked the court to change some of the bail conditions. they brought up a series of crypto transactions tied to digital walls associated with bankman-fried. our producer sat in the courtroom and said bankman-fried became agitated slipped a note over to his lawyer mr. cohen who stood up and said mr. bankman-fried did not make those transfers. but the judge, judge kaplan sided with the prosecutors and did make some changes to the bail conditions barring bankman-fried from moving around any company asset. we also learned today that his paren