. >> it is a critical moment in the criminal trial of sam beckman freed.nder being accused of defrauding investors. his former girlfriend -- she had taken the stand today. she pled guilty to criminal charges. ellison said that beckman freed had directed her to commit such crimes and she is further outlining the extent to which ftx alameda had cooperated with each other and use customer funds. this is only the second week of a six week trial. other testimonies could include investor anthony scaramucci including sam bittner phrase more -- brother. >> we saw the dollar edging lower. five sessions of losses on the other side of the break, not really a lot of movement right now. we continue to watch the japanese yen. that is still holding below that on 39 level. we are watching the offshore you on as well. 728 is the level. we continue to watch more stimulus coming from policymakers. coming up in the next hour, a deep dive into the candy's annual banking report plus more from the city investment conference in sydney. this is bloomberg. he's ignorant ...before y

thus, sam beckman freed's testimony is the latest must-see moment. we will look at the thorny issues over technology between the u.s. and china as president biden plans to meet with the foreign minister. first, let's get a check on the markets with abigail. abigail: we are looking at a bit of a bearish day. two down days in a row for the major indexes. what makes it so interesting, these quarters on the surface are not so bad. meta-was pretty good but it is the disappointing for alphabet. right now in a correction territory, bringing the nasdaq 100 into a correction territory. meta, the color around the ad spent weighing on shares. you can see the nasdaq 100 since jp morgan reported, it is down pretty sharply. we have another down day and another down month for the nasdaq 100. big tech getting hit on some of these earnings. amazon after the bell. the last two weeks, take a look at the losses for some of these names. alphabet and meta down double digits. apple is next week. when we put this together with the equal weighted index on the year, there is

major awards, the gerald ford prize for distinguished coverage of the presidency twice, the auto beckman memorial awards also twice in the miriam smith memorial award. he is also a political analyst for nbc and regularly and panelist on washington week. please join me in welcoming mr. baker. >> [ applause ] >> doctor elizabeth saunders is the director of georgetown university marotta center and associate professor at the dose a core faculty member at georgetown and a nonresident senior fellow at the brookings institution. her research into each focused on international security, us- born policy including the presidency and foreign policy and the politics of using force. doctor saunders first book, leaders at war, a presidents shape military and inventions won the 2012 schrader best book award from the american football science association's national history and politics. the fourth book, the insiders gain leads to democracy and more published by christian university press. i am very much looking forward to that. her work has been published in some of the most prestigious journals includi

won all three major awards for house reporting, distinguished coverage of the presidency twice the beckman memorial awards twice in the marion smith memorial award. he is also political analyst for msnbc and regularly a panelist on pbs washington week. please join me in welcoming mr. baker. dr. elizabeth saunders, the director of georgetown university's sauter center. a core faculty member in the security studies program in georgetown and a nonresident senior fellow at the institution. her research focuses on u.s. national security, foreign policy including the president and foreign-policy and politics of force. dr. saunders first book, how presidents chief military intervention won the 2012 best book award from the american political science association's international politics. her forthcoming book will be published very soon by princeton university press. very much looking forward to that. work has also been published in some of the most prestigious journals including the international organization, foreign affairs and many others. she is also a senior editor at the cage, which, despite