. >>> a news alert this morning regarding jim chanos. scott? >> appreciate that. jim chanos is responding to accusations by a partner that he misused company funds. chanoss sued in new york state court by conlin holdings, a chicago-based firm. the lawsuit alleging that he used his firm formerly known as kinaco's associates, as a, quote, piggy bank. the lawsuit centers around $10 million in loans that chanos borrowed from the firm for more than a decade. conlin contends he never would pay back the money. he sold his luxury apartment own bide chanos and company without notifying partners. and his girlfriend acted on the deal and was paid a commission. former cfo brian nichols said in a affidavit filed along soipd the lawsuit that mr. chanos it acknowledged the lawsuit was outstanding as part of his 2002 tax return. mr. chanos disputes that and told me in a statement a short time ago, quote, these allegations are false, baseless, and defamatory. as mr. conlin knows, the loan was paid off in 2021. since 2019 i have been more than $30 million into my company. t mr. nic

an interview with jim chanos in a minute.nnabelle: president biden quadrupling tariffs as a pre-election defense of u.s. workers. haidi: take a look at how we are setting up. futures on the back foot. a sx 200, third week of gains following the games of the past few sessions with the data supporting the goldilocks scenario. sluggish set up after a disappointing china data, heavy weight when it comes to the factors we look out for. chicago nikkei futures are flat. china futures not moving much, but we got signs of slowing economy and credit data signals continuing weak demand. industrial price extending the klein. front and center is the credit shrinking for the first time since april as we see demand week in china. annabelle: a big question given we've had data points coming out of the country. as you said, sluggish on friday, struggled to gain traction. study as well this morning. s&p was hovering around 50 to 20, third straight week of gains, longest winning run going back to february. 10 year yield advanced to 4.5% in thes