eamon? document here from a federal grand jury this is an indictment of former president donald trump on four counts now, the counts are conspiracy to defraud the united states, conspiracy to obstruct an official proceeding, obstruction of and attempt to obstruct an official proceeding, and conspiracy against rights. what the indictment says here, and the first paragraph, is that the defendant, donald trump, was the 45th president of the united states, as a candidate for re-election in 2020. the defendant lost the 2020 presidential election. despite having lost, the defendant was determined to remain in power, so, for more than two months following election day on november 3rd, 2020, the defendant spread lies that there had been outcomed determinative fraud in the election and that he had actually won those claims were false, and the defendant knew they were false this is what they call a speaking indictment, melissa that is, it's 45 pages of text here, we're going to go through it carefully

infrastructure eamon javers joins us from d.c. with exclusive reporting >> that's right. american officials are scrambling to make sure potential weaknesses in the software used to operate american infrastructure have not been penetrated by chinese and russian hostile actors they're focusing on the threat to so-called open source software which is developed by hobieists and others and put into the public domain the fear is that hackers could be developing this code, releasing it to the public and ceding vulnerabilities intentionally. they asked the open source community for ideas on how to secure the code. a government official tells cnbc that cisa plans to release a draft national strategy for open source security in the coming months meanwhile, a new report from a cyber security firm highlights the potential threat researchers at fortress information security discovered 90% of products used to manage america's electric grid contained contributions from developers who said they were working in russia or china and they say russian and chinese open source code is three tim

eastern. >> eamon, thank you.ppen we're in the "closing bell" market zone. we break down what is at stake when apple's results hit the tape in overtime and other big earnings after the bed deirdre bosa is standing by. and kate rooney has the setup on bloc and coinbase. look at the broad market setup here the s&p 500 down half a percent earlier in the morning, found buyers once it cracked below 4500 you see where it sits relative to the 50-day moving average that's what we had since the highs of last week, 2% to 3% maximum downside if we got a routine pullback, that's around 4400, put a good scare into the market even though it would still be in that uptrend. treasury yields big part of the story all week you're seeing the ten-year yield threaten those fall highs. that was back when the market bottomed in october above 4.2% that's challenging a lot of the asset allocators out there, making valuations a little bit tougher. we'll see if this proves to be the top end of the range markets rotating energy relative to te

, thank you. >> you bet >> eamon javers at the white house for us well, we knew this was coming for ame, beijing knew it was coming, but still, this is -- still, another reason for these tensions to remain rough and for beijing to retaliate, if it chose to. >> 100%. and listen, my concern -- it's come to fruition in terms of what's happening, but it's not man any festing itself in the stock market i'm actually sort of surprised there have been comments by a lot of people out there talking about potential, the catastrophic impact of a china, beijing. over the weekend, last week, china, russia, joint exercises off the coast of alaska. 11 warships. unprecedented stuff. the rhetoric is being racheted up, and you just have to wonder when apple, the crosshairs for apple or starbucks or nike, mcdonald's, any of those multinationals, then it gets real in terms of what we talk about every night. >>> meantime, china's consumer price index falling into negative territory for the first time in 28 months on a year over year basis the inflation measure fell 0.3% from a year ago. for more, let's bri

e*trade from morgan stanley >>> breaking news out of the supreme court, eamon javers here with in a.ere, michael. the supreme court is putting on hold the bankruptcy reorganization of opioid maker purdue npharma, this is from a quarterback of t-- complaint fro the biden administration they could be protected here as part of the deal the biden administration didn't like that. the sack her family was able to extract about $11 billion for protect that as part of the deal now the supreme court is saying the bankruptcy reorganization will be put on hold. not clear where we go from here. it's not likely to get a final resolution until make next year, because the supreme court will put it into their regular calendar to see what they'll ultimately decide. the bankruptcy decision for the pharmaceutical manufacturer is now on hold, mike. >> interesting turn in that story. eamon, thank you >>> joe terranova is here to break down the crucial moments, and courtney regan, and phil lebeau on the sell-off on ford and gm shares. hello to you all kind of the gears slipping in all of this. it feels lik

back to you. >> eamon, why would so much of the critical code be open in the first place?e idea they haven't develop it themselves or also why allow contributions from russia and china? >> reporter: open source means anybody can put code out there on central sites to get it. this is a quirk how software has been developed for a generation. big components of the code are open source. if you think of writing software programs, it is not much writing it line-by-line, but assembling chunks. you have this piece with with this function or that function and snap it all together and make a new program. that is where they use the open source code for the routine things which happen in a lot of software programs, they use this code which has been out there for a while. the question is is it secure and whose job is it to go through the open code and look for the back doors or malware or things lying in wait. that is a big question to answer. it will be a big problem and the question is would microsoft who runs github be responsible for that? would the sellers be responsible for that?

it is extraordinary, eamon.says china was illicitly spreading. >> what meta says is that this was an operation that was enormous. more than 7,000 facebook pages involved. they had to take all those accounts down. they took down pages. other things on instagram they saw as well as part of a vast and coordinated conspiracy. people associated with chinese law enforcement. they were basically trying to spread chinese government talking points about the united states, western government, covid. all of the things that are sort of hot button issues for beijing. these accounts were just flooding that out in a huge way into all of these different internet vehicles to get the government's word out there. >> so given the just huge number of documents and messages sent out there, is there a sense of how many people the campaign reached or how effective it was? >> well, that's what's so interesting about this because the sense that the meta analysts have is that this was not as effective as you might think given the vast siz

we're in totally uncharted territory, becky. >> eamon, thank you. eamon javers. >>> when we come back, we're going to talk strategy after the downgrading by fitch the futures this morning in the red. futures off by 163 nasdaq down by 155 later, we'll be joined about the latest push for crypto regulation you're watching "squawk on the street" d is ianths cnbc and we would experience turbulence. i would watch the flight attendants. if they're not nervous, then i'm not going to be nervous. financially, i'm the flight attendant in that situation. the relief that comes over people once they know they've got a guide to help them through, i definitely feel privileged to be in that position. ♪♪ (vo) verizon small business days are coming. i definitely feel privileged from august 7th to the 13th. now is the time to partner with our experts. get started today with verizon business. it's your business. it's your verizon. what do you see on the horizon? uncertainty? or opportunity. whatever you see, at pgim we can help you rise to the challenges of today, when

still, eamon, more tell us. >> yeah.ting unsealed in this case and that's what happened yesterday. we're learning new details about just how late into the life of sex offender jeffrey epstein his relationship with jpmorgan continued. and also just how plugged in epstein was to the government of the u.s. virgin islands. in a legal filing by the u.s. virgin islands, a document reveals that epstein's assistant emailed jpmorgan in february of 2019, many years after the bank decided not to do business with epstein, and offered to introduce the bank to kathryn ruemmler, former white house counsel to president barack obama. emails showed jpmorgan received the introduction with enthusiasm, saying that she is a rock star and would make a great client epstein died in custody in august of that year. a spokesman for the current employer goldman sachs declined to comment yesterday the document also shows a similar 2007 introduction by epstein to nick ribis, long time donald trump casino executive, a call to a phone number associated

eamon javers joins us. hey, eamon. >> good morning, joe.s it's taken down a chinese disinformation campaign it calls part of the largest known cross-platform covert influence operation in the world. the campaign, which appeared to be centrally controlled in china, was active on more than 50 platforms and forums, it says, including facebook, instagram, "x," formerly twitter, and others. the campaign generated positive commentary about china and criticism of the united states. now, meta says it's taken down 7,704 facebook accounts and 954 pages related to this chinese campaign, which they say has been going on since at least 2019, and is known in the business as spamoflage. >> this is an operation where for a number of years, researchers have been reporting individual clusters of activity under the name of spamoflage. for the first time, we've been able to tie those clusters together and link them back to individuals associated with chinese law enforcement. >> but meta says the operation did not have as much real-world impact as its huge scal

let's bring in eamon javers with the highlights eamon, what did we leave out we had both screens going and it felt like the first internet debate my tv and ipad and iphone going. >> reporter: that's right. we used to talk about the split screen moments this was a multiscreen moment. it was a contention just first outing for the field in milwaukee as candidates pounded each other and jockied for position as the man who leads the pack appeared on twitter instead of the debate stage. the early debate was dominated by talk of the economy nikki haley focused on the issue of the national debt and who is to blame >> you have ron desantis and tim scott and mike pence they all voted to raise the debt trumpdonald trump added $8 triln to our debt. our kids will never forgive us for that you look at the 2024 budget and republicans asked for $7.4 billion in ear marks democrats asked for $2.8 billion. you tell me who are the big spenders it is time for an accountant >> and ramaswamy introduced himself to the audience and laid out his vision >> unlock american energy. drill, frack, burn coal. put peo

he happened to have booked that day an appointment with eamon carter who grew sated in texas to save big band park and roosevelt wanted a park between mexico and the united states with the rio grande creating one big bio along the border. he said he was going through with his meetings to not give anyone an idea that there is something going on. david: my books are soft nixon comes in. when we were talking on the phone and it seem like you can think of our books as godfather one and godfather two. [laughter] he is a fascinating purpose of love what doug was saying about what the environmental protection act showed that how our action as voters and people take polls. nixon did not care about the environment at all. the famous thing is when he went to the beach she wore a dress shoes. he would think i was showing too much skin if i was on the beach. he was forced to because everyone in the country really wanted their environment cleaned up. the year that he signed it as one of the bright moments in an otherwise dismal year. that same year, president nixon told executives from four that

eamon javers quick final trade here, tim. >> ccj >> karen >> short tlt, just in front of this bond issuance >> dan >> i'm long tlt. it hasn't been great i'm going to add a little bit. >> guy zb zb >> little bit. "mad money" starts now >> my mission is simple. to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica just trying to make you a little money. my job is not to train you, but to educate you august is a tricky month this one could be especially tricky because the market's getting too frothy for my taste. now, what does frothy really mean beyond some sort of pejorative connotation involving overenthusiasm s&p backs 77% and nasdaq declined.34% a market that likes. when you get a game stop situation, a bunch of home gamers join forces to push up stocks, things get really frothy very fast. the stock went from $4 to 400 before falling off a cliff again. if you want to spot froth, keep an eye on the soaring stocks a

i'm eamon mohyeldin in for jonathan lemire. trump reportedly had his lawyers negotiate for him to turn himself in during prime time television hours. as "the guardian" reports trump wanted to maximize television ratings for his benefit for his surrender to the authorities in atlanta and could extend the coverage of the proceedings by speaking afterwards in front of cameras and reporters. this, of course, is trump's fourth indictment in as many months. in each he's worked to turn appearances into spectacles and quote, in an effort to discourage the indictments. the booking process in fulton county typically includes a mug shot, fingerprinting and taking both height and weight measurements. "the guardian" reports trump has asked his lawyers and the secret service to get him out of taking that mug shot. in previous cases he did not have to take one, but the fulton county sheriff has stated the former president will be treated like any other defendant. now, as we await trump's surrender, the other 18 codefendants, well they have be

but eamon laid out a complex scenario there are this ruling may indeed transform the miss of crypto ownershipajor ways. so let me ask you two questions. one is this good for the crypto business, number one, and, two, is this good for coinbase? in other words, is it going to help your revenues or siphon off some revenues? >> i think it is a great development. it is a great question and a great development. the crypto industry for a number of years has been trying to enter the regulated space and seeking regulatory clarity. we've been trying to do that through working directly with the agencies. we're now in the courts, a number of us are, gray scale has been, we are as well, in trying to get clarity in the courts. but the real action i think ultimately has to be in congress. you've had two big important pieces of legislation that got bipartisan support before the august recess. they will come up for a floor vote in the fall. and we're pretty optimistic that cases like this that demonstrate that the s.e.c. strategy of regulation by enforcement is ultimately unraveling and that congress needs to

>> eamon, good to be with you on this breaking news day. thank you for your coverage.melber. as discussed we are awaiting jack smith here who will speak on the breaking news of donald trump indicted in the election probe. special counsel jack smith has charged donald trump now on four counts, conspiracy to defraud the u.s., conspiracy to obstruct an official proceeding obstruction and attempt to obstruct an official proceeding and conspiracy against rights. those are four different crimes that donald trump has now been indict on. this is a huge and significant development. if you've heard about legal issues with donald trump before, if you've heard about him being indicted before, this is the

our eamon javers is at the white house with more information. >> it's been in the works for months buts like today is going to be the day that the biden administration releases a new executive order to restrict some u.s. investment in high tech industries in china, among the sectors expected to be impacted by this announcement are quantum computing, artificial intelligence and advanced semiconductors. also expected is a reporting process for investors to disclose their chinese deals to u.s. authorities across a much wider range of investment types. we don't expect investments outside these specific high tech sectors to be prohibited here today and we do expect a detailed announcement to come at 4:00 this afternoon. a couple things to watch for in this will be how long the industry has to weigh in before the rule goes into effect, exactly which technologies end up being listed in this and how or if the investment disclosures will be protected from public disclosure the announcement comes at a time of increasing tension between washington and beijing and ahead of a trip to beijing later

. >> for more on what the downgrade could mean for the markets, let's bring in ben eamons ben, welcome back to the show. as we have been sort of pointing out during our discussion, there are a lot of factors here surrounding this one fitch downgrade, whether it would be what the bank of japan is doing, the treasury is doing. what is the bottom line impact, do you think >> yeah, on the one hand, the treasury issues really played out the treasury market, because that was not priced in when the treasury made the statement on monday, traders started to really guess, this is not just issuing t-bills just to get that account filled up this is about, we're borrowing a lot of money, because we have fiscal spending that's expansion their. we didn't really change it through the debt ceiling so, you have to borrow to fund it and that means longer maturity bonds have to be borrowed. and i think that's what got priced in today. on the other hand, the downgrade itself, awkward timing, as i heard the discussion it's interesting they referenced january 6th, and really a statement, this is brinksmanshi

much, deirdre bosa >>> a judge making a ruling in the government's case against google let's go to eamon javers to explain what's happening >> hey, there. a big win for google here just coming in in court this is the 60-page memorandum opinion that just crossed the wire here. what it is is an opinion in the ongoing department of justice case against google. and the ruling here is that some of the claims that the government was making are going to have to be thrown out that's going to limit some of the exposure here that google faces when this case goes to trial. and ultimately, got off the phone with folks over at google. they believe that ultimately what's going to happen here is that the scale of what the government can do, if there's an adverse ruling against them, will be a lot smaller here as a result of this opinion in court today. we'll wait and see what all the other players in the case have to say about it. very complicated ruling, as you can imagine. 60 pages of anti-trust legal jargon here for us to sort through. but being viewed right now as a win for google and limiting the

. >> the tentacles keep presenting themselves eamon, thank you very much. >>> and coming up, banks feeling the blues after a fitch downgrade warning. but that doesn't stop one of our traders from scooping up shares of one of the big players. the name, the trader, the details next. >>> plus, some bright spots in today's reddish sea. why the moves in comcast and lyft are catching our traders eyes, and how yoshldlau ou py those names. that's when "fast money" returns. n you more cash back in your top eligible spend category. hi. ♪♪ you don't have to keep tabs on rotating categories... this is the only rotating i care about. ... or activate anything to earn. your cash back automatically adjusts for you. can i get a cucumber water? earn 5% cash back that automatically adjusts to your top eligible spend category, up to $500 spent each billing cycle with the citi custom cash℠ card. i love it... [voice vibrating] every businessti custom cash℠ card. that's why comcast business de is launching theal. mobile made free event. with our business internet, new and existing customers can get one year of u

>> eamon, good to be with you on this breaking news day. thank you for your coverage. welcome to "the beat." i'm ari melber. as discussed we are awaiting jack smith here who will speak on the breaking news of donald trump indicted in the election probe. special counsel jack smith has charged donald trump now on four counts, conspiracy to defraud the u.s., conspiracy to obstruct an official proceeding obstruction and attempt to obstruct an official proceeding and conspiracy against rights. those are four different crimes that donald trump has now been indict on. this is a huge and significant development. if you've heard about legal issues with donald trump before, if you've heard about him being indicted before, this is the large interest most significant federal indictment of donald trump ever. this is in a way that we'll document more significantly than the legal headaches he already has. this will be tonight the first time any former president has been indicted by the justice department for trying to steal an election. now, i mentioned, if you have been walking our

he happened to have booked that day an appointment with eamon carter who grew sated in texas to save band park and roosevelt wanted a park between mexico and the united states with the rio grande creating one big bio along the border. he said he was going through with his meetings to not give anyone an idea that there is something going on. david: my books are soft nixon comes in. when we were talking on the phone and it seem like you can think of our books as godfather one and godfather two. [laughter] he is a fascinating purpose of love what doug was saying about what the environmental protection act showed that how our action as voters and people take polls. nixon did not care about the environment at all. the famous thing is when he went to the beach she wore a dress shoes. he would think i was showing too much skin if i was on the beach. he was forced to because everyone in the country really wanted their environment cleaned up. the year that he signed it as one of the bright moments in an otherwise dismal year. that same year, president nixon told executives from four that envi

but i think eamon's right.ngs move i mean, obviously we move on, i mean, obviously we don't anything get don't want to see anything get worse. we don't all of a sudden want to see scandals, but the more the game and more popular the game gets and it any sport and any it happens in any sport and any walk of life, more popular walk of life, the more popular things get, more attention walk of life, the more popular thirbeing:, more attention walk of life, the more popular thirbeing paid, more attention walk of life, the more popular thirbeing paid, thee attention walk of life, the more popular thirbeing paid, the more ntion walk of life, the more popular thirbeing paid, the more money it's being paid, the more money that's involved, you that's getting involved, you know, betting, betting know, with with betting, betting in goes back a really in football goes back a really long we've the old long time. we've got the old players back from the 70s. they'd a quid on, you they'd have a few quid on, you know, go down to