alameda research bank account, and $8 billion-something dollars piles up inside of alameda research thatnever gets transferred. >> never gets transferred. >> that's a problem. >> it's a huge problem. >> what's the toughest question that sam will have to answer? >> how do you know $8 billion that's not yours is in your private fund? i mean, really. how do you not know? explain. $8 billion is in your private fund that belongs to other people, and you say you don't know? please explain how that's possible? >> did you do that? >> yes. he said when it's in there, it was a rounding error. i thought it was infinite dollars in there. >> i can see people watching going come on, this is elizabeth holmes in cargo shorts. this is all a ruse, and it's a bad schtick and a bad actor. >> it's different supplying phony medical information to people that might kill them and in this case what you're doing is possibly losing some money that belonged to crypto speculators in the bahamas. on the other hand, this is not to excuse. he shouldn't have done that. >> early in the morning on november 11th, sam bankm

he had alameda research and how it was kind of the funneling the money back and forth between that that ultimately led the whole house of cards to collapse. >> well, the allegation is that there was an algorithm in ftx's code that allowed for the funneling of investor money into alameda research and alameda research was really the conduit through which the political donations, the use of the money for real estate and everything else that was going the use of the name on the miami arena, all of that came through alameda research and that was sort of the perpetrator of the fraud was that entity, whatever happens to sam bankman-fried, you know, what does this mean for crypto? >> has it come down since this whole scandal broke? it was kind of like the next hot thing, right? does this change that outlook? >> well, i think it's going to it sheds light on the industry. i think it's an industry that's going to be further regulated. as the sec has made clear. but at the end of the day, i think what's important about this case is this is about base level, garden variety fraud. it's about abuse of

that's because she is the former ceo of alameda research, the crypto hedge fund that sam bankman—friedromantic partner of sam bankman—fried and she spoke about both roles today. she talked about having a personal closeness with mr bankman—fried but also saying at times she felt awkward around him because she was dating her boss and felt neglected in their personal relationship and she said that in the business he was in the driver seat, but she took direction from him and reported up to him. at one point today she talked about alameda research using $14 billion of ftx customer funds to pay back lenders and to make investments. she said it also had the benefit of improving the look of alameda research �*s balance sheet making it look less risky to investors. she said she did that at the direction of mr bankman—fried. that was a through line today. what can we expect next in the trial? ., ., ,., , what can we expect next in the trial? . ., ,., , , trial? caroline ellison is 'ust one we expect i trial? caroline ellison is 'ust one we expect her i trial? caroline ellison is 'ust one we exp

they did get into alameda research customer funds and the loans that alameda research doled out to mr and other members. tomorrow, thejury is due back in, and judge kaplan said they may actually spend the first half of next week talking about the case, coming up with their own verdict. that would be an accelerated timeline. we had originally projected this could go possibly to thanksgiving but they are moving along quickly and in fact the defence even went through a couple of witnesses this morning before we had that unconventional break and finally heard from sam bankman—fried. staying with the us, we are tracking another big story. 4.9%, that is how much american economic ruin the third quarter, marking the biggest gain for the biggest economy since the end of 2021. consumer spending was strong, contributing to much of that total gdp increase in the quarter despite increases in rates. it could give the central bank some reasons to keep policy tight to tamper inflation. i have been speaking to tiffany wilding, an economist, who explained why a consumer spending has remained strong de

when asked, did you commit any crimes while at alameda research, she answered, yes, we did, includingstimony squarely put mr bankman—fried in the decision—maker's chair. she will be back in the stand on wednesday. will be back in the stand on wednesday-— wednesday. erin delmore reporting- _ in other news making headlines before we go, birkenstock is set to make its debut on the new york stock exchange later today. the german orthopaedic footwear is expected to price its ipo at $46 per share. some people have described them as the world's ugliest shoe. nevertheless, it has become a global mega brand, and this year received a further boost when they were featured in the hit film, barbie. that is all we have with you for this edition of asia business report. do stay on with bbc news. thanks for watching. bbc news, bringing you different stories from across the uk. doug has cystic fibrosis. ii doug has cystic fibrosis. 11 years ago, he was on a waiting list, desperately needing a new pair of lungs. list, desperately needing a new pair of lunge— pair of lungs. yeah, you can sa will pair of

they did get into alameda research's use of ftx customer funds and also the loans that alameda researchry is due back in and judge kaplan told them that they may actually spend the first half of next week talking about the case, coming up with their own verdict. that would be an accelerated timeline. we had originally projected that this could go up possibly until thanksgiving, the third week of november here in the united states. but they are moving along quickly. and in fact, the defence even went through a couple of witnesses this morning before we had that unconventional break and finally heard from mr bankman—fried. around the world and across the uk. this is bbc news. bbc news, bringing you different stories from across the uk. halloween is nearly here, so it's time to pick those pumpkins — and visitors to this farm can see pink ones for the first time. farmer fiona wilshaw came up with the idea after learning her father had terminal cancer. 0ur dad was... he lived and breathed all of his time here. so we're really missing him and we have been missing him for a while because he's

so because one of the witnesses is actually the c e o of alameda research, she pleaded guilty a couple of months ago. and she also has been the ex girlfriend of i'm so i'm think my freaked against personally and how, how does the scandal been impacting the world? well, i mean, if i look here at the united states, i mean, clearly it was all the big old problems with all the scandals send f t x and send back. then freed has not been the only scandal in the crypt the world in the past to a couple of months that has aside the way some investors. but on the other side, if i look at the crypto currencies take bitcoin, for example, they have not really suffered. so obviously they're worldwide. there's still a lot of people investing and heavily into the crypto world besides all those scandals. we're talking about yeah, it's cold in new york, thank germany and celebrating 33 years a re unification. but people living in the former east, germany continue to earn less than their peers in the west. last year, the average salary in the west was 58000 heroes compared to 45000 years, and they used ac

was true instead was that money was largely inside of sam bankman-fried private hedge fund, alameda research so everybody agrees with that. where it gets complicated is the how, the why and the intent. the bulk of the money and our guess there is in the beginning banks wouldn't open accounts for ftx and not because ftx was an illegal thing, but because they didn't want to be associated with crypto and it tricked them into thinking it was out of crypto and in order to get the fiat currency and it was to get your dollar, yen and you had to send it into an account in alameda research and it would stay there and later on, ftx gets bank accounts and it's pulled there and never gets moved and what i found just from the point of view of story telling is that if you took -- if you looked at this thing from not just sam's point of view, but the point of the view of the people who worked for him and the point of people outside the firm, you might come out on different -- with different answers. different readers might control different things about the intensions of sam bankman-fried. i think some of

they got to the research of customer funds and the loans that alameda research doled out to mr bankman—frieder members. tomorrow, thejury is due back in, and judge kaplan said they may actually spend the first half of next week talking about the case, coming up with their own verdict. that would be an accelerated timeline. we had originally predicted this could go possibly to thanksgiving but they are moving along quickly and in fact the defence even went through a couple of witnesses this morning before we had that unconventional break and finally heard from sam bankman—fried. we will give you the updates as soon as we get those. there is also another big us story. there is also another big us sto . ' ' . there is also another big us sto . ' , ., , ., . story. 4.9%, that is how much american _ story. 4.9%, that is how much american economic _ story. 4.996, that is how much american economic ruin - story. 4.996, that is how much american economic ruin the i american economic ruin the third quarter. the biggest gain since the end of 2021. consumer spending was strong. contributing to much of

the crypto hedge fund he had founded, alameda research, had a significant portion of its assets madett, a token that ftx created. on november 6, the ceo of the rival crypto exchange posted to social media saying we have decided to liquidate any remaining ftt on her books and it triggered a massive wave of withdrawals, like a run on the bank. ftx did not have the funds to meet them. in a rescue attempt, ftx reached a deal with binance to sell itself but binance backed out. there was a lot of funds missing. i couldn't trust any of the information. >> by november 11, it was over. ftx file for bankruptcy and sam bankman-fried resigned as ceo. that same month, he apologized at a public event. >> i made a lot of mistakes, things i would give anything to do over again. i never tried to commit fraud on anyone. >> a few weeks later, he was indicted, accused of misappropriating billions of dollars at the cryptocurrency exchange. >> it's fair to say that by anyone's measure, it's one of the biggest financial frauds in history. caroline: a great breakdown from kailey leinz. what has it meant for

his crypto exchange, ftx, to cover debts, expenses and investments of his crypto hedge fund, alameda researchhimself and his inner circle, he has pleaded not guilty. a recent study revealed that 1.4 million australians are likely to quit theirjobs next yearfor a number of reasons including fatigue as well as rising cost of living. the same study showed a 46% jump in insurance relatrd to mental health and compared to before the pandemic. this was made by insurance provider and they say that there is singular single active engagement in large staff turnover. the charging economic pressures in the workforce and the research has found there needs to be a workplace realignment in changing economic pressures and most people are under economic climate and with that is leading to his employer the satisfaction because of the social and family pressures that they are under and imperatives that they're now facing so we see higher expectations of employers and mental health support perspective as well as providing that support from a career and reward perspective. you say the cost of living is playing a

people were trusting his judgment in terms of setting up these advantages alameda research. there been any one who has come a little bit more towards sam bankman-fried's defense here, who has been giving evidence? it was notable of a long-term friends, people who had been university with, perhaps try to echo he was not someone who was flamboyant, even though there was money be spent on it penthouse, he was not spend it on himself? hannah: yes, it testimony yesterday, a former friend of sam bankman-fried and worked for ftx. he testified that sam did not live that life story. he wore regular clothes. i believe that is offset by the millions of dollars in real estate purchases that ftx made and the employees that the life the employees had in the bahamas. caroline: hannah miller, a great podcast on the ftx and the downfall and i sure you will continue to be a viewer and listener in on all of that is happening is to be new york. we thank you for running esther with have been yesterday. another story we have been following. for this fund, abc foundation grant program for business

they got to the research of customer funds and the loans that alameda research doled out to mr bankman—frieder members. tomorrow, thejury is due back in, and judge kaplan said they may actually spend the first half of next week talking about the case, coming up with their own verdict. that would be an accelerated timeline. he originally predicted. they are moving along quickly, and finally heard from mr bankman—fried. finally heard from mr bankman-fried.- finally heard from mr bankman-fried. ~ , ., bankman-fried. we will give you the updates _ bankman-fried. we will give you the updates as _ bankman-fried. we will give you the updates as soon _ bankman-fried. we will give you the updates as soon as _ bankman-fried. we will give you the updates as soon as we - bankman-fried. we will give you the updates as soon as we get i the updates as soon as we get those. marking the biggest game for the girl of biggest economy before the indo 20 and 21 —— at the end. contributing to much of that increase in the quarter despite increases in rates. it could give the central bank some reasons to keep policy

prosecutors allege the company moved billions of dollars to its sister company, alameda research, tohenen investors triried to cas out, they couldn't. the crash sparked a death spiral in the crypto industry that has yet to recover. sbf was asked about the ftx collapse at a conference last november. >> were you truthful with us today? >> i -- i was as truthful as i -- as, you know, i'm knowledgeable to be. there's some things i wish i knew more about. >> he was gambling in his own casino, and it created conflicts of interest. >> reporter: author michael lewis profiled bank man-fried for his new book, going infinity. he recently spoke to 60 minutes. >> it was all sam's world, and there was nobody there to say, like, don't do that. >> right. >> reporter: the ftx melt down wiped out nearly $8 billion of customer deposits. prosecutors also allege bankman-fried spent billions of customers' money to pay for speculative venture investments, to make charitable donations, and to enrich himself. now he's preparing for trial from a new york jail. three of his former colleagues pleaded guilty to

this case centers around the implosion of ftx and alameda research and the crypto exchange and separatege fund both of which he founded. prosecutor said he orchestrated one the biggest financial frauds and u.s. history and misused customer funds for risky investments, real estate and political donations. prosecutors will be aided by three key witnesses which were his closest associates at the time this went down. the cofounder of ftx and the head of engineering and his ex-girlfriend and former ceo of alameda research. all of them have pleaded guilty to charges and are cooperating with prosecutors. the defense will likely argue that sam bankman-freid did not intentionally commit fraud. this is something he has said repeatedly in the lead up to this trial. he has pleaded not guilty to all charges. the trial is going to take some time to play out and could last up to six weeks. if he is convicted of these seven charges, some of them carry large maximum sentences of 20 years for five of the counts. it is possible if he is found guilty that sam bankman-freid could spend the rest of his life

for example, bankman-fried asserted he didn't know if he ever said alameda research received specialeared up showed email showed to a "wall street journal" reporter saying exactly that former, alameda research ceo caroline ellison alleged sbf told her to create number of balance sheets so he could choose which to send to lenders. while on the stand bankman-fried thought he only saw the final bank sheet. he had in fact seen all versions. one curious moment though came this morning when he referenced a tweet from november 7th, just days before ftx collapsed. evidence sewed quote, ftx is fine assets is fine. he believed that to be true at the time. contradicting the prosecution's assertion he was deceiving the public. he deleted that message shortly after posting it raising questions about its validity. the evasive one word answer performance directly contradicted his demeanor when the defense wrapped just this morning but what narrative will the jury believe? sam bankman-fried the well-meaning founder or the fraud? bret? >> bret: kelly o'grady in new york. kelly, thanks. up next, the p

his crypto exchange, ftx, to cover debts, expenses and investments of his crypto hedge fund, alameda researchhimself and his inner circle. he has pleaded not guilty. the government's first witness was a former ftx customer who deposited £110,000 on the exchange. the government is expected to call on people who lost money when ftx went bankrupt, as well as at least three former executives at ftx and alameda, who were also personally close with mr bankman—fried. the british car market grew in september, according to new figures. the society of motor manufacturers and traders says it's up 21% on the same period last year. but sales of electric vehicles fell sharply, pulling the share of ev sales down to 16.6% of the overall market. let's cross live now to mark tisshaw, who's the editor of autocar. mark, explained this, because we were told the future is electric, but these figures suggest consumers don't really like what are seeing. absolutely. electric vehicles, they are pasty early adopter phase and into the mainstream, but as a mainstream car buyer there is no real incentive to buy one at the

alameda research. bankman-fried pleaded not guilty to all of those charges. now, if convicted, several of those counts will come with maximum sentences 20 years in prison. still ahead, the kron 4 morning news. the south bay community is in shock after 2 young children. >> brown at a san jose daycare center. we'll tell you what police know so far about that incident. and a republican congressman pushing to remove house speaker kevin mccarthy. many house republicans are standing by mccarthy site. fleet week is underway. there was this tell you what to expect in the days to come in during the big air show later during the big air show later this week. we are trying really hard to get you reese's peanut butter cups but there is only so much we can do here. you're gonna have to meet us halfway. (♪♪) well, the whole way, actually. (♪♪) still living with odors? get back in there and freshen instantly with febreze air mist. febreze's fine mist floats longer in the air to fight even your toughest odors. so long

ftx and lenders to his cryptocurrency hedge fund alameda research. bankman-fried has pleaded not guilty to all the charges. if he's convicted. so the council come with maximum sentences of 20 years in prison. all right. 6.10, is the time. we're going to take a break. but still ahead on the kron, 4 morning news, a south bay community in shock now after 2 young children drowned at a san jose daycare center. >> tell you what police know so far about that incident. plus, a republican congressman is pushing to remove house speaker kevin mccarthy. though many house republicans are standing by. mccarthy. and fleet week is underway in san francisco are going to tell you what to expect in the days to come. >> yeah, and it's going to warm fleet week for the rest of the week. james temperatures in san francisco today rise into the mid 70's. but this is just the start only getting warmer and the days ahead of i'll tell you how hot your forecast and tracking in accident on or san matteo bridge, drive times are matteo bridge, drive times are going up ♪ thousands o

she was also the chief executive of alameda research. so you have all this personal drama and then the world of crypto, which he came to embody as this proponent of the industry, someone who was hobnobbing with celebrities, an industry that many feel needs to be regulated more. so this trial is a window into that world of crypto currency, but yes, ad, it's hard, it is a, a case of fraud. he's accused of using customers money in ways that he wasn't supposed to. whether that was making investments in his hedge fund, buying real estate or making political donations. another fascinating aspect of it is in fact one of the largest fraud cases, prosecutors say, in the country's history, a lot of people lost a lot of money. kristin, is this case giving any hope that it might help people to get some money back? yeah, that's a good point. that's a hard 8 point. $9000000000.00 was lost and that money is owed to customers and creditors' f t x. the exchange has since filed for bankruptcy, and a separate court proceeding to try to recruit some of that

defrauded people and bankman fried directed her to use deposits for loan repayments made by alameda research. >>> utah joined a list of states suing tiktok. they say they are misleading people about their relationship to the chinese parent company and luring children into unhealthy habits. the suit refers to research that suggests that children who spend more than three hours a day on to social m media have a higher chance for mental problems. >>> a plea from the housing industry. top real estate and banking officials are calling on the federal reserve to stop raising interest rates. today the national association of home builders, the mortgage bankers association and the national association of realtors sent a letter to the fed chair. the letter says the housing industry is suffering with surging housing costs and a historic shortage of available homes for sale. an uncertainty about the fed's plan is contributing to industry volatility. the fed has raised interest rates 11 times since march of 2022. >>> a good day on wall street boosted by declines in treasury yields. all three major indexe

and one member of alameda paranormal researchers said he saw a woman in white floating across a doorway, and he was kind of a skeptic too. that matched what i saw. then the psychic went down to the bathroom, and she said, there's a woman crying down here, which is kind of what i felt. there's a woman in distress down in the bathroom. >> paranormal investigators there in chinatown at the great star theater. pretty fascinating. >>> a live look at the bay bridge. >>> happy halloween. we've got some fun tips on how you can create a spooktacular costume from kathy here at natasha's attic. >> so the first thing i want to say is comfort. you want to be comfortable at your party, or you're going to be miserable. so keep in your mind your shoes. keep in mind if you've got big wings, you want to pluck them and do the smaller ones. you want your costume to go to several different parties. i'm a vampiress. i take this off. i put this on. i made this hat out of junk jewelry, and now i can go as a witch. i made this hat. >> i love it. multiple costumes, super affordable. >> correct. >> correct. >> fo

. >> reporter: the former billionaire is accused of moving massive sums of money from ftx to alameda research to prop each other up. when ftx investors tried to cash out they couldn't. bankman-fried was asked about the ftx collapse at a conference last november. >> were you truthful with us today? >> i -- i was as truthful as i -- as, you know, i'm knowledgeable to be. there's -- there are some things i wish i knew more about. >> reporter: bankman-fried has admitted making poor decisions. his lawyers are expected to argue he did not deliberately steal anyone's money. tuesday the judge told bankman-fried it would ultimately be up to him whether he testifies in his own defense. the trial is expected to last up to six weeks. michael george, cbs news. >>> california's newest senator is officially on the job. former union leader laphonza butler was sworn in yesterday by vice president kamala harris. she's just the third black woman to ever serve in the u.s. senate. butler was appointed by the governor following dianne feinstein's death last week. it's not clear if butler will run for the seat in n

that includes taking aim at caroline ellison, who ran sister hedge fun alameda research and is also bankman-fried's ex-girlfriend. he faces a potential life sentence if convicted. he has pleaded not guilty. >>> well, jury selection began today in the trial of kaitlin armstrong. she's accused of shooting and killing an elite cyclist from san francisco last year. police say armstrong murdered 25-year-old pro cyclist mariah wilson in austin, texas, allegedly out of jealousy. after the killing, armstrong managed to evade police and flee to costa rica. then earlier this month, armstrong tried to escape from corrections officers but was caught shortly after. she faces up to 99 years in jail if convicted. she has pleaded not guilty. >>> there's another shake-up of sorts in the alameda county district attorney's office. the d.a., pamela price, is trying to fight off a recall effort, but this is a separate issue about some of the prosecutors who work for her. jessica aguirre joins us now with the details. >> when pamly price took office in january, she placed seven career prosecutors on paid administrative

conventional currencies into cryptocurrencies, such as bitcoin, and to store and trade their funds, and alameda researchoming the second largest crypto exchange in the world. but then, a stunning fall, when ftx and alameda collapsed and filed for bankruptcy nearly a year ago. customers lost billions of dollars. mr bankman—fried was arrested in the bahamas and extradited to the us. now, he's on trial here in manhattan, charged with stealing the money customers deposited on ftx in order to prop up the investment fund and fund his lavish lifestyle. mr bankman—fried denies those charges but faces decades in prison if he's found guilty. what you have to say to sam? his trial has been the talk of new york as former colleagues, including his ex—girlfriend, have appeared, describing not just their plush communal living in the bahamas but also how mr bankman—fried directed them to defraud customers and investors. but now, mr bankman—fried is telling his side of the story. it's a step defence lawyers usually advise against because it opens up the accused to cross—examination. but those who've met mr bankman—fried

that i'm fascinated by the case of sam bagman fried the founder of f t x and the co founder of alameda research a year ago. forbes rank to this 31 year old. as the 41st richest american, and the 68th richest person in the world, with a net worth of some $26000000000.00. that's at the age of $31.00. the conventional wisdom was that he had earned every dollar on his own sum called him a genius. and many analysts lauded his abilities in quantitative research. but it turns out that it was all just a fraud. many banking and investment professionals were taken in by sam bank been freed, who's also known as s b. s. many politicians were taken in by him too. so when didn't you realize that something was amiss? what was it that triggered your interest? low salary was always too good to be true and the man was incapable of explaining anything in finance. so anything and everything he said demonstrated that it was there was no, there, there. this was a scam. and yes, it's easy, easy. it's not genius, it's audacity. and that part of these kind of criminals to get the top financial people in the world to st

alameda research bankman-fried who's from the bay area whose parents teach at stanford pleaded not guiltyse charges. if convicted, several of the counts would come with maximum sentences of 20 years in prison. >> still ahead, new evidence made public in the murder of rapper tupac shakoor. we'll rapper tupac shakoor. we'll meet gold bond daily healing. a powerhouse lotion that moisturizes, heals, and smooths dry skin. with 7 moisturizers & 3 vitamins. and... new gold bond healing sensitive. clinically shown to heal & moisturize dry, sensitive skin. gold bond. at cretors, we handcraft every batch of our delicious popcorn. like our cretors cheese and caramel mix. great on their own, even better together. try cretors, handcrafted small-batch popcorn. >> week has officially begun here in san francisco. yeah. kron 4 s charles clifford has more now on what is planned, how this event will actually be different. it will pay tribute to the late senator dianne feinstein.

s ex- girlfriend led alameda research prickett digital had fund tied to the company. she testified that sam bankman- fried had her steal customers money including crypto currency like bitcoin to pay off lenders for the hedge fund. her testimony is likely to pick up tomorrow. she has already pleaded guilty to her charges and is one of the several ftx associates testifying against sam bankman- fried under plea deals. >>> it is not what homebuyers want to hear but it looks like the fed is planning to raise interest rates yet again. today the federal reserve released the minutes from its september meeting. the committee that sets the rates decided against a rate hike for now. but about two thirds of the committee members signal that one more increase would likely be happening before the end of the year. the group has raised its key interest rates 11 times since march 2022 in hopes of controlling inflation. the rate is currently more than 7% to the highest level in 22 years. >>> on wall street, stocks actually climbed a bit. the dow rose 65 point. nasdaq up 96 point and cl

illegally use money from f t x to cover losses at another company who started a hedge fund called alameda research, to donate tens of millions of dollars to politicians, and to buy real estate in the bahamas where he was arrested last year. then when questions about the company's financial spurred, a wave of investor withdrawals f t x collapsed. it's name has since been removed from this miami sports arena. and both companies have since filed for bankruptcy using an estimated $8900000000.00 and customer funds. found bank winfree. it has been waiting for his day in court here and in new york prisons sell a far cry from the bahamas resort, where he was living prior to his arrest, the judge and the case with both his 2 $150000000.00 bill. and his permission to live with his parents in the run up to the trial saying that bagman freed had attempted to intimidate a witness of his former girlfriend, who also happens to be the former ceo of alameda while his parents, both lawyers have stood behind bank been freed the former girlfriend and 3 former f t x executives have pleaded guilty. 3 are reportedly coo

she was the former co—chief executive officer of bankman—fried's alameda research hedge fund. alameda's business practices and her personal relationship with the 31—year—old former billionaire. the uk faces another five years of high interest rates to stem rising prices, according to an international monetary fund report. it expects the uk to have the highest inflation and slowest growth next year of any g7 economy including the us, france, germany, canada, italy and japan. however, the uk treasury said recent revisions to uk growth had not been factored in to the report. chinese company country garden said it might not be able to meet all of its offshore payment obligations, as the country's largest private property developer grapples with debt restructuring. companies accounting for 40% of chinese home sales — mostly private property developers — have defaulted on debt obligations since a liquidity crisis hit the sector in 2021, leaving many homes unfinished. those are the latest business headlines. around the world and across the uk, this is bbc news. we are in a skills lab

conventional currencies into cryptocurrencies, such as bitcoin, and to store and trade their funds, and alameda research then, a stunning fall, when ftx and alameda collapsed and filed for bankruptcy nearly a year ago. customers lost billions of dollars. mr bankman—fried was arrested in the bahamas and extradited to the us. now, he's on trial here in manhattan, charged with stealing the money customers deposited on ftx in order to prop up the investment fund and fund his lavish lifestyle. mr bankman—fried denies those charges but faces decades in prison if he's found guilty. what you have to say to sam? his trial has been the talk of new york as former colleagues, including his ex—girlfriend, have appeared, describing not just their plush communal living in the bahamas but also how mr bankman—fried directed them to defraud customers and investors. but now, mr bankman—fried is telling his side of the story. it's a step defence lawyers usually advise against because it opens up the accused to cross—examination. but those who've met mr bankman—fried i think ——but those who've met mr bankman—fried think tes

conventional currencies into cryptocurrencies, such as bitcoin, and to store and trade their funds, and alameda researcho exchange in the world. but then, a stunning fall, when ftx and alameda collapsed and filed for bankruptcy nearly a year ago. customers lost billions of dollars. mr bankman—fried was arrested in the bahamas and extradited to the us. now, he's on trial here in manhattan, charged with stealing the money customers deposited on ftx in order to prop up the investment fund and fund his lavish lifestyle. mr bankman—fried denies those charges but faces decades in prison if he's found guilty. what you have to say to sam? his trial has been the talk of new york as former colleagues, including his ex—girlfriend, have appeared, describing not just their plush communal living in the bahamas but also how mr bankman—fried directed them to defraud customers and investors. but now, mr bankman—fried is telling his side of the story. it's a step defence lawyers usually advise against because it opens up the accused to cross—examination. but those who've met mr bankman—fried i think testifying on his own

of sam bankman-fried now in the fourth day on the stand the disgraced ceo admitted total imme alameda researchlameda was not hedged when he approved billions of investments for the firm >>> shares of chegg falling head of the open. the company reporting a decrease in revenue and subscription services revenue remaining optimism for the future >>> alphabet's ceo sundar pichai defending the agreement to make the default web browser on the phone. in his testimony during the historic anti-trust trial yesterday, pichai says the company pays tens of billions to ensure exclusivity calling it clear to fee >> silvana, thank you. >>> coming up on "worldwide exchange," stellantis putting a lid on the uaw strike. >>> as we head to break, we have the top trending stories taylor swift making her wildest dreams reality the singer breaking her record for the most streamed artist in a single day in spotify history following the release of 1989 album on friday. >>> bill gaetz tes former assist climbing up the ranks. steve ballmer growing his wealth to $115 tbillion. earning him the it spot of the top ten richest

former co workers, including his ex girlfriend and the former chief executive of his hedge fund. alameda research have all pleaded guilty, and 3 of them have agreed to testify against him. once the jury is selected, in this case, does go to trial, it is expected to last 6 weeks and it's been freed is found guilty. he could spend what amounts to the rest of his life behind bars. kristen salumi opposite here of new york to this is no prize in physics, has been awarded to 3 scientists, the research on how electrons behave. yeah, i go stay me friends. kraus, and i'm the produced pulses of lights, so shows that they are measured in asshole seconds. that's a quintillion of a 2nd. the ultra short pulses allow them to look at the behavior of atomic particles. the result is there, and these are the top stories. the us house of representatives is voted to our speaker coming the coffee and a start show down as the 1st time the house speaker has been housed in from his position. the motion was put forward by fellow republican mac gates. we gotta move to the next step, you know, we, we are not at the end of t

former co workers, including his ex girlfriend and the former chief executive of his hedge fund. alameda research have all pleaded guilty, and 3 of them have agreed to testify against him. once the jury is selected, in this case, does go to trial, it is expected to last 6 weeks and it's been freed is found guilty. he could spend what amounts to the rest of his life behind bars. kristen salumi opposite ear of new york. a former us present donald trump has returned to court in new york for the 2nd day of his civil front trial. trumpet has 2 funds and the trump organization are accused of using full financial statements and inflating the net worth 5 billions of dollars. the former us president denies any wrong doing kimberly's on to how does this report from our side to court in the day 2 of the trial here at this court house in new york city. and the trial is turning a little mundane. and what i mean by that is the witnesses that are being called now are accountants, appraisers, bankers and consultants. because at the core, this is a case about property value, which means it's a case about numbers.

alameda research.is one of a number of ftx's executives who agreed to testify against bankman-fried in exchange for leniency in their own cases. wang has pleaded guilty to wire fraud, securities and commodities fraud. >> and former house speaker kevin mccarthy is denying speculation that he's going to resign amid reports that he was considering stepping down soon. mccarthy told reporters today he is staying put. >> you're not resigning? >> no, i'm not resigning. >> so you'll stay the entire term? i'll stay here, so don't worry. >> i got you thinking about running for reelection. >> yes. >> yes. you will run or yes, you're thinking about running. >> keep the majority. i'm going to help the people i got here and we're going to expand it further. >> the house voted to oust mccarthy tuesday from his position as house speaker. initially afterward, he said he didn't intend to run again, but his comments today show he's more reassured this all just days after the california republican secured a last minute bu

former co workers, including his ex girlfriend and the former chief executive of his hedge fund. alameda research have all pleaded guilty, and 3 of them have agreed to testify against him. once the jury is selected, in this case, does go to trial, it is expected to last 6 weeks and it's been freed is found guilty. he could spend what amounts to the rest of his life behind bars. christian salumi, i'll just hear of new york. this is the, as in physics has been awarded to 3 scientists. so that research on how electronic behavior. yeah. august. any for ends cross and um, the app produced impulses of light so shows that they measured in october, 2nd, delta show to pull a pulses, allow them to look at the behavior. and they told me hospitals, stories as mo, from stuck. and now what the work of these 3 sciences has sunset on is the creation of flushes of lights that last day in comprehensively short amount of time each wash less than 4. i'm sorry 2nd, that's a 1000000000 of a 1000000000 of a 2nd. i'm not so that i can see not just how one electron moves within that awesome, but each stage of the electro

carolyn alison blackman fried former girlfriend and the former chief executive of alameda research. she and 3 other former executives have all pleaded guilty for their rules and the downfall of f t x. and 3 of them have agreed to testify at the trial going forward, which is expected to take 6 weeks. kristen salumi out 0 new york as a in the us employees from kaiser permanente health insurance and hospital system that says over 15000000 people have gone on strike. kaiser says it has robust contingency funds to ensure members receive safe, high quality care. but once they will be delays, this is the latest in a string of major labor strikes to hit the us strong 100 results. the largest strength by health care workers in history is the latest, any year of labor uprising. within 75000, kaiser permanente employees begin a 3 day strike on wednesday. after overnight contract talks, they were working full time and then were working overtime and then were working double time. most of the striking employees are in kaiser's whole state of california, where union workers unloaded t shirts and p