>> the character of larry david might have been a good choice.st choice, right? up until a week ago, ftx was probably the most important name in crypto. and like you said, they spent millions of dollars, on flashy at campaigns. tom brady, gisele, larry david, they were in their ad campaign. their name was on the miami heat basketball stadium. all of that came crashing down in a week. 30 some odd billion dollars down to now nothing. it all happened when a report came out of leaked documents that showed that a fierce books were not as good as they appear to be. that led to a run on the bank. people tried desperately to get their money out, money that ftx did not have. now, things moved very quickly after they froze users funds, including selling themselves to binance, its biggest arrival, which then backed out of the deal within 24 hours. from that, a bankruptcy followed, which is what you are seeing play out now. >> and, i mean, what does this mean for all of those crypto bros out there, guys in their sweat pants with millions of dollars and their

> a lot of our friend groups, they're borderline toxic. >> because george costanza was based on larry davidyour last name is black? >> yes. >> that's like if my last name was jew, like larry jew. >> larry david the character, he's one of my best friends. >> you had sex with a mental patient? >> she's not a mental patient. >> she's a mental patient! >> i loved how much of an [bleep] he is. >> what can i tell you larry, sometimes you're an [bleep]. >> well [bleep] don't go out with the disabled, ok? yeah. check that out. >> i think i like the [bleep], you know? the jerks. >> could you just move your legs? >> what are you doing? are you looking at my breasts? >> he will articulate the things that people might think but their internal editor goes, don't say that. >> you wear that dress because you want people to look at your shoes right? >> there was no thought, what will people think? >> if you weren't my best friend, i'd take my bare heads and pop your head off your neck. >> he's not my best friend. >> curb your enthusiasm came about at a time when sitcoms of the '90s had somewhat worn out th

responsibility is a separate question. >> especially with larry david playing skeptic.ere. that will do it for me today. hallie jackson will pick up our coverage next. ie jackson will p coverage next. incredible - meatballs, fresh mozzarella and pepperon- oh, the meatball's out! i thought he never fumbles. the new subway series. what's your pick? my a1c stayed here, it needed to be here. ray's a1c is down with rybelsus®. i thought he never fumbles. i'm down with rybelsus®. my a1c is down with rybelsus®. in a clinical study, once-daily rybelsus® significantly lowered a1c better than a leading branded pill. in the same study, people taking rybelsus® lost more weight. rybelsus® isn't for people with type 1 diabetes. don't take rybelsus® if you or your family ever had medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2, or if allergic to it. stop rybelsus® and get medical help right away if you get a lump or swelling in your neck, severe stomach pain, or an allergic reaction. serious side effects may include pancreatitis. gallbladder problems may

dave: let me ask about the celebrities, tom brady, stefan curry, larry david did those funny commercialse know what they were paid by ftx? >> we don't at this stage but the law is clear. this should have been registered security. when they tell the public it is a yield based account. if you keep the money with ftx you get 8% interest each month you are not trading in crypto. they are just holding your money. that is what was lost, $15 billion stolen from these investors, not a risky trade. everyone thinks they were trading crypto but they were keeping the money in this interest account that was stolen. the sec has found this type of account is security, should have been registered but these people know that if it is registered security will not take off and you will not gain $5 billion a year because you've got to sell it to the panic -- the public. dave: i've got no bone to pick for either side but would you take advice, financial advice from larry david? you are suing celebrities but anybody, there's the old buyer beware phrase, if you take advice from is a liberty how to invest your s

it kills me that larry david was involved in that and got dinged by it. i just want to say that.s of amazon, a lot of tech companies slicing jobs. during the pandemic you and i stayed at home and ordered stuff from amazon and online and we've moved away from that. they need fewer people. but frankly, it's a much larger story than that. it's centered in tech right now partly because of the crypto fallout and the changes of the economy. but we're headed towards a slight recession. if you listen to corporate executives on earnings calls, they're preparing for layoffs if we go into recession next year, if the fed raises interest rates to the point where it slows the economy and consumer demand goes down and that's probably going to happen between now and the middle of next year. these companies are all ready to reduce costs and workforce. the hope is just, it doesn't spread terribly and the layoffs aren't big. we could maybe get through this with modest layoffs and a modest increase in the unemployment rate. >> we're seeing major layoffs in the tech industry. it seems like it's the b

larry david is not known for sentiment. he was able to have buckner make the catch and be the hero in new york city instead of the opposite, and so he talked about editing that piece and how it really brought him to tears almost just because buckner, there was a sincerity about buckner, he had to live with that for so long. he handled it well. >> one of the most moving moments in fenway, buckner came back to throw out the first pitch, the entire place erupted and i don't know if there was a dry eye in the house. >> in the lot of ways that was comedy, "curb your enthusiasm," that larry david gave buckner that moment to be redeemed in front of the world. buckner had to live with that, and went under ground a little bit, and didn't make a lot of public appearances or deal with it. did larry have to convince buckner this was a good idea. >> part of larry said he wanted him to drop the baby, he thought it would be funny. but he said deep down he really did want him to catch it because there was something good in buckner's soul.

lawsuit against tom brady is a little grasping at straws, meaning they have to know tom brady, larry davidwn that this was a fraudulent activity and if they are mainly advertising or acting like a surrogate, they didn't know. >> trace: that's like saying if tito's went bankrupt and tom brady did a commercial for tito's he somehow liable. >> are they found out later that she does were bad for the waistline and tom brady is at risk for that. >> trace: lawyers can always find an angle. great to see you. coming up the best way to cook a thanksgiving turkey and the best and worst sides, the nightcap crew is serving up thanksgiving and we have some fascinating ideas and tips. first, a look at your thursday forecast. >> here's your thursday forecast across the nation. st. louis 43, all eyes going to be on the great lakes. buffalo, new york, watertown, new york, as we go through tomorrow and the rest of the weekend, you can follow up with that by downloading the fox weather app or stream fox weather from your favorite connected tb device. a must in your medicine cabinet! less sick days! cold comin

him like shaquille o'neal, larry david and tom brady. being investigated for fraud after the currency value was wiped out and days. ama: memorial stadium, you can see the fresh blue patch where the name was removed. dan: two of the top ranked law schools say they do not want to be ranked. hale -- harvard and yell are abandoning the rankings, the same ones they have dominated for years. their exit off the list could shake up college rankings altogether. they have come to influence application decisions, career paths for thousands of hopeful students. the dean says the rankings have the wrong incentives and stand in the way of progress. ama: you may have seen an emmy award winner here tonight. fans are probably aware of that website donors choose that was on the website. it allows teachers to start fundraisers. >> we do this, because we are supposed to. it is showing the money. ama: abc is continuing the goal of giving back to donors. they choose to support 10 inspiring teachers nationwide. one of them is jennifer. she will receive $1000.

. >> ftx's popular super bowl ad starring larry david lampooned some of mankind's latest inventions. >> i caught the wheel pack . >> one of the worst ideas ever heard. >> and i'm never wrong about this stuff, never. >> but the punchline isn't so funny now that ftx is on the verge of collapse. >> ftx is the easiest way to buy, and sell crypto. >> it drew on names like tom brady and scored enough money to strike a major-league marketing deal and buy into the name of a major sports arena. but now it and all of the currency including bitcoin is in crisis mode. ftx ceo, one of the worlds youngest billionaires, is scrambling to find funds to give investors money back after another exchange barked out of a plan to buy ftx. evan luther is an investor who is seeing the value of holdings he has plummet and cannot withdraw what's left in his ftx account. >> i thought it was very secure, i've lost almost a couple million dollars. i'm never going to trust any exchange anymore. i'm only going to keep money in my hard wallet. his was a very big lesson for me. >> for his company began to relax and c

a host of celebrities who promoted the exchange, including football star tom brady and comedian larry david. yield-bearing customer accounts at ftx were in fact unregistered securities being sold illegally. ftx is reported to have used customer deposits to bailout its affiliated hedge fund, alameda capital, for losses suffered in risky capital investments before then collapsing amid the crypto investment of a bank run by investors. crypto under block fight is preparing for bankruptcy due to its exposure to ftx. genesis is suspending customer withdrawals and new lending. the latest data out of the u.k. shows the rate of annual inflation there at 11.1% for october, its highest level since 1981 and a full percentage point above september's range. >> the bank of england earlier this month forecast that u.k. inflation would peak around 11% in the fourth quarter. the annual inflation rate for october is a smidgen above that at 11 point 1%. the u.k.'s new prime minister speaking at the g20 in bali in indonesia. laid the blame for economic pressure squarely on vladimir putin's war in ukraine. >> we

okay, we're showing that commercial now because a lot of people are saying, you know, larry david wiseman didn't get crypto and now sort of this commercial is coming back to haunt fdx explain a little bit more about what's driving all of the uncertainty here and what are the implications of these investigations by both? the doj and sec. so. i you're dealing with a very volatile asset class and immature asset class. and i think part and parcel of where you need to get regulatory involvement is when the mainstream investor is involved , the consumer and really is ill prepared to understand that volatility. volatility is great and upmarket, and we all saw all those opportunities. but in the down market, um that's where you know you really see the impact to individuals who jumped in and may or may not be able to get their money out of these exchanges because of these liquidity issues, so of course, it's going to be regulatory concern and as a relates to f t x, and, um, and their related entity, um almeida research um you know, there are there are sure a host of conflicts of interest that may

comedian larry david did an add for ftx during this year's super bowl portraying a buffoon who missedon big inventiones. >> i call it the wheel. >> i don't think so. what does it do? >> it rolls. >> yeah, so does a bagel, okay? >> reporter: at the end of the spot david is presented with an offer. >> it's ftx, it's a safe and easy way to get into crypto. >> i don't think so. and i'm never wrong about this stuff. never. >> reporter: now analysts are warning about the real future of the cryptocurrency market. >> i think that the private crypto market, meaning digital coin that is not backed by a central bank is going to be in for a major correction. i mean, you've already seen that. i think regulators have a great case now to say nobody should be trading this stuff. we need a lot more rules. >> reporter: and now according to the "wall street journal" both the justice department and the securities and exchange commission are investigating ftx and the man who ftx has appointed as its new ceo is john ray iii who helped manage the notorious energy firm enron after its collapse in an accounti

number two, that -- remember the larry david super bowl commercial, where he was wrong about everything and it was an ftx commercial and he was basically implying that he was wrong about everything and it was about ftx, inadvertently, larry david, i don't know, for the win. emily parker, thank you. >> thank you >> that commercial, by the way if you haven't watched -- go back on youtube and watch it it will not age well >>> all right, certainly more to come all day on this rather odd story, but up next, with all that is going on, do not forget about the federal reserve. remember them? and your next guest has some names to help you minimize the risk to your money risk to your money >>> plus, the hous ♪♪ the only thing i regret about my life was hiring local talent. if i knew about upwork. i would have hired actually talented people from all over the world. instead of talentless people from all over my house. your realtor.com (in a whisper) can we even afford this house? maybe jacob can finally get a job. the house whisperer! this house says use realtor.com to see homes in your budget. you

celebrities who promoted the exchange are named as defendants including tom brady, steph curry, and larry david. >>> storm warnings are in effect this morning in several northern states as a potentially historic lake-effect snowstorm moves across the great lakes region. snow covered parts of indiana and michigan yesterdays th storm makes its way east. forecasters say there could be paralyzing conditions in buffalo, new york, where more than four feet of snow could fall. there will also be strong winds that could make traveling dangerous through the weekend. >>> coming up now, protecting same-sex marriage. a bill to enshrine marriage equality into federal law advances in the senate. >>> and later, amazon begins mass layoffs. which workers were among the first to go. >>> this is the "cbs morning news." homegrown tomatoes...nice. i want to feel in control of my health, so i do what i can. what about screening for colon cancer? when caught in early stages it's more treatable. i'm cologuard. i'm noninvasive and i detect altered dna in your stool to find 92% of colon cancers, even in early stages. ea

him like shaquille o'neal, larry david and tom brady.t of ftx, the founder is now being investigated for fraud after the currency value was wiped out and days. ama: memorial stadium, you can see the fresh blue patch where the name was removed. dan: two of the top ranked law schools say they do not want to be ranked. hale -- harvard and yell are abandoning the rankings, the same ones they have dominated for years. their exit off the list could shake up college rankings altogether. they have come to influence application decisions, career paths for thousands of hopeful students. the dean says the rankings have the wrong incentives and stand in the way of progress. ama: you may have seen an emmy award winner here tonight. fans are probably aware of that website donors choose that was on the website. it allows teachers to start fundraisers. >> we do this, because we are supposed to. it is showing the money. ama: abc is continuing the goal of giving back to donors. they choose to support 10 inspiring teachers nationwide. one of them is jennif

tom brady, shaquille o'neal, naomi osaka, the tennis great seinfeld creator, larry david are also namedin the lawsuit. it argues their celebrity status made them liable for promoting the firms failed business model. ftx was the 3rd largest cryptocurrency exchange. >> well, the list just keeps getting longer. silicon valley tech company roku is the latest to announce mass layoffs. the company says it plans on cutting 200 jobs. the video streaming device manufacturer employs about 3,000 full-time workers. there's no timetable yet for when the layoffs will take place. rocha's layoff announcement comes the same week. the 10,000 amazon employees jobs were slashed, including nearly 300 workers based at amazon, sunnyvale location. hundreds of tenants rights advocates in washington this week are demanding that the federal government help with their rising monthly payments. the calling on president joe biden to sign this draft executive order that would force landlords, particularly corporations and private equity firms to stop raising rent. >> just getting ridiculous. the corporations act getti

never comedian larry david, who appeared a super bowl ad for ft x jokingly warning people not to useig names aren't the first to be sued for advertising crypto. just last month, kim kardashian settled with the sec for more than a million dollars after she promoted a cryptocurrency without revealing that she had been paid a quarter of a million dollars to do so. in the wake of fdx collapse. other exchanges have now suspended withdrawals as more investors try to pull out their money. nba star kyrie irving is reportedly close to a comeback. he was suspended by the nets after posting a link to an anti semitic movie and then initially refusing to apologize . espn reports he could be back playing as early as sunday, irving was required to get sensitivity training and to meet with jewish leaders before returning. and coming up the reward. one man got for finding a lost check worth millions fallout for ticketmaster after fallout for ticketmaster after the taylor swift tickets, chaos there's a different way to treat hiv. it's every-other-month, injectable cabenuva. for adults who are undetect

. >> reporter: the company had a super bowl ad featuring larry david. >> it's safe and easy to get intoo. >> ehh, i don't think so. >> reporter: bankman-fried graced magazines like "forbes" and "fortune." he was the next big thing in the financial world, a wunderkind. now in free-fall, leaving non- celebrity investors, like this man, angry and stunned. >> i thought it was very, very secure. i have lost almost a couple of million dollars, so this was a very, very big lesson for me. >> reporter: it's been a spectacular collapse for bankman-fried. on monday he posted, "f.t.x. is fine. assets are fine." by the end of the week, he was in full apology mode. "i f'd up and should have done better." >> all the withdrawals are stuck. i can't get the money out. >> reporter: bitcoin is now worth nearly $17,000. a year ago, it was almost $65,000. the fallout of crypto has reverberated all the way to the white house amid calls for greater oversight. >> the most recent news further underscores these concerns and highlights why prudent regulation of cryptocurrencies is, indeed, needed. >> reporter: an

suing him along with celebrity endorsers like tom brady, gisele bundchen, shaquille o'neal, and larry david first step in returning to the moon. we've got that story when we come back. living with metastatic breast cancer means being relentless. because every day matters. and having more of them is possible with verzenio. the only one of its kind proven to help you live significantly longer when taken with fulvestrant, regardless of menopause status. verzenio + fulvestrant is for hr+, her2- metastatic breast cancer that has progressed after hormone therapy. diarrhea is common, may be severe, or cause dehydration or infection. at the first sign, call your doctor start an anti-diarrheal and drink fluids. before taking verzenio, tell your doctor about any fever, chills, or other signs of infection. verzenio may cause low white blood cell counts, which may cause serious infection that can lead to death. life-threatening lung inflammation can occur. tell your doctor about any new or worsening trouble breathing, cough, or chest pain. serious liver problems can happen. symptoms include fatigue, ap

you have tom brady, shaquille o'neal, naomi osaka and seinfeld creator larry david also named in a lawsuit. it argues their celebrity status make them liable for promoting the farms failed business model. ftx was the 3rd largest cryptocurrency exchange. there is a power shakeup at the capitol has control shifts hand in more than one ways. house speaker nancy pelosi stepping down from leadership like we mentioned and republicans are setting the agenda as they prepare to take the majority. washington correspondent hannah brandt has those details. good morning, hannah. reyna. good morning. that's right. the house is really going through a transition right now. >> between speaker pelosi leaving leadership and house republicans setting these new priorities. things are going in a different direction. >> house will be in order. the most powerful woman in politics is taking a step back for maybe hours come for a new generation to lead the democratic caucus that i so deeply respect. congresswoman nancy pelosi led house democrats for nearly 2 decades and made history as the first woman to become spe

>> larry david, naomi osaka and steph curry are among the celebrities accused in a class action lawsuit of being part of a, quote, fraudulent scheme designed to take advantage of unsophisticated investors that led to $11 billion in damages. >> it's a safe and easy way the get into crypto. >> i don't think so. >> reporter: all stemming from their involvement in promoting crypto exchange ftx. ftx's founder and ceo sam bankman-fried was until recently the darling of the crypto community. his company once valued at more than $32 billion is now seeking bankruptcy protection. >> we're talking about one of the larger bankruptcies we've seen in a long time. >> reporter: the ftx founder also named in the lawsuit resigned as ceo as his company collapsed. he did not reply to nbc's request for comment, but wrote f regulators. they make everything worse. we also did not hear back from representatives for celebrities named in the lawsuit for appearing in ads like this. >> with ftx, i have everything i need to buy, sell and trade crypto safely. >> reporter: but the lawsuit calls ftx's platform a ponzi

to answer to class action lawsuit naming ftx and tom brady, shaq and larry david who promoted ftx inrcials like the one you see here on your screen. there were a lot of questions about the disappearance of nearly half a billion dollars in ftx possession. we heard from securities commission of the bahamas said they transferred funds to a digital wallet for safekeeping. they say the move was made to protect customers as ftx goes through bankruptcy proceedings. jon: what a story. thanks, charles. for more on this, let's bring in joe concha, media and politics columnist for hit for the hill and a fox news contributor when you read how this company was put together, it seems like a "house of cards", it was another bernie made off scandal but if you get celebrities to promote it, you can sell a lot of crypto currency. >> at the different and i thought the first thing that came to mind until i realized bernie didn't have tom brady and pugin and all these other big celebrities promoting his product and it's not their fault, they don't know what's going on behind the scenes but here are the f

million creditors in the epic collapse and some of them are suing him and 11 celebrities, tom brady, larry david, shaq, naomi osaki for engaging in sensorineural keptive prac practices -- deceptive practices like a ponzi scheme and maybe a jury trial. stu: it's getting crazy. i want to bring in adam johnson that normally follows the stock market but today he's obliged us by following the crypto market. is the crypto crash big enough to affect the market, a spillover? >> no, there's not a crypto contagion. i myself wanted to try and figure this out and i ran a bunch of numbers. if you look at the total amount of all the crypto that's out there about 850 billion. sounds like a lot except that the global money supply is $40 trillion. all the trip toe is -- crypto only about 2% of the money out there. if you look at amount of crypto that trades on any given day, it's only two tenths of the amount of foreign exchange that trades globally every day. it's small. then say, hang on, adam. what about all the equities and stocks that are crypto related. add thelium up and find -- them all up and you'd find

shaq and larry david all promoted ftx and commercials like the one you see here.e heard from one who says he lost $2 million in this alleged scheme. >> this was a con man, he fooled everyone. he was the closest to being regulated by anybody else but was intentionally done, a calculated plan for crime has taken place. >> there were questions about nearly half a billion dollars in user funds ftx possession that mysteriously disappeared. we heard from the security commissions in the bahamas who said they transferred the funds to a digital wallet in the security commissions control for safekeeping. they say it's expected to help customers of ftx as the company goes to bankruptcy proceedings. arthel: what a shame. charles watson in atlanta, thank you. eric: midterms in the books, republicans looking ahead to 2024. some of the biggest presidential candidate names addressing republican jewish coalition in las vegas being held this weekend. among them, former vice president mike pence and florida governor want to send us. alexandra hoff is live with the latest on the line

engrained in culture crypto had become, specifically ftx, had the best super bowl commercial, the larry davidards. he has become one of the top speakers everyone wants to hear what he has to say, where is money and culture going, and now maybe it is all -- it was a fake pyramid scheme. i am interested in that. in terms of political donations, was he trying to buy his way into lawmaker's hearts, trying to avoid scrutiny for issues that might be related that he knew it was all going to fall apart. >> katie: bill clinton was on stage with this guy, jesse. i watched a couple presentations and videos, i go back to the fyre festival. how are these people convincing people like the former president of the united states to get involved in something like this and not have questions based on nonanswers, like he went to work and dressed like a slob, basic points of professionalism in business. >> jesse: like the crypto fetterman. clinton can't pick them. hangs out with epstein, weinstein, this guy. this guy does not have a good eye or he does, if you know what i mean. this guy is a mini madoff. this guy

seth curry, shak, larry david come a lot of people here.what does the fallout mean for the broader economy? if i'm watching this in north carolina, florida, georgia and not invested in crypto, how could this affect me? >> let's take this in reverse order. first of all when we have a big fraud like this using the big f word, that takes away confidence and confidence taken away in a market when so much uncertainty, that is not good for the market. what is not good for the market oftentimes is not good for the economy. how deep does this go? every other evidence about crypto. it is finally, we have talked about during the break, this could be a ponzi scheme. i remember the classic add about ftx where they had tom and gisele on speaking terms calling shack on the phone to invest in this thing. that is a classic ponzi scheme. it is ugly, it is a mess. >> carley: did tom and gisele do anything wrong? i'm sure they didn't even know this company. >> like todd my parents didn't send made to law school, but i will say this, the fact of the matter is

larry david, tom brady, dennis o'leary, down the list, there's a lot of them. know the partners. there are many more. going through the list of business dealings and exchanges and things of that nature. they have a lot of potential witnesses and looking for information to put together a case. they want to hear the case. some people want to bring it but it is never a done deal, the us attorney for the southern district appointed by the president, the us attorney, essentially signs off, that is the case of when it happens but they want to bring the case before the end of the year, there's jurisdictional dispute. jackie: there are so many who say why this isn't happening -- charles: if you read his public statements he sound like a knucklehead kid, just get ahead of ourselves, not saying i agree with that but for all the brilliance this guy had, at some level it looks like a bunch of college kids -- let's start, let's start crypto exchange, don't have control, a very high level intend. they were stealing the money from customer accounts purposely and doing stuff f

comedian larry david did an ad for ftx, portraying a buffoon who missed the boat on big inventions. >> hm. i don't think so. what does it do? >> reporter: at the end of the spot, david's presented with an offer. >> ftx, a safe way to get into crypto. >> i don't think so. and i'm never wrong about this stuff, never. >> reporter: now analysts are warning about the real future of the cryptocurrency market. >> i think that the private crypto market, meaning digital coin that is not backed by a central bank, is going to be in for a major correction. you've already seen that. i think regulators have a great case now to say, nobody should be trading this stuff. we need a lot more rules. >> reporter: and now, according to "the wall street journal," both the justice department and the securities and exchange commission are investigating ftx. and the man who ftx has appointed its new ceo is john ray iii, who helped manage the notorious energy firm enron after its collapse in an accounting fraud scandal in 2001. >>> thanks for joining us. i'm rosemary church. i'll be back with more news in just

million to joe biden's presidential campaign in 2020 ftx had a super bowl ad starring comedian larry davidmany high profile celebrities tom brady, gisele bundchen and certify curry. not clear what will become home of the miami heat, a $5.5 million payment due in january. crypto currency is a digital currency. some say more like a casino. lawmakers view it like a commodity like gold or pork bellies many have warned crypto's unregulated and dangerous. maxine waters the house financial services committee and reported friend of bankman freed says it is clear that there are major consequences when crypto currency entities operate without robust federal oversight and protections for customers. bankman freed's assets have dropped from $16 billion down to zero in recent days is worth more than 26 billion just a few months ago, bret. >> bret: tough to watch that one. lucas. >> a little slow to the hip. >> bret: exactly. thank you. up next, analysis of the midterm elections from pollsters kellyanne conway and mark penn where we are right now. first, beyond our borders tonight be french presidential

bankman-fried, as well as a number of celebrity endorsers including nfl star tom brady, comedian larry david, and tennis star naomi osaka. ftx owes its 50 largest creditors over $3 billion according to a bankruptcy filing, while one million or more people and businesses could be affected by its downfall. one of ftx's creditors, the ontario teachers' pension fund, was forced to write off its $95 million investment. the biden administtion asked the supreme court friday to allow its student debt relief program to go into effect as various legal challenges have put the plan on hold. on saturday, the education department started notifying some 16 million applicants they've been approved for up to $20,000 in federal loan relief. in other supreme court news, a farmer antiabortion activist turned whistleblower has come forward to allege that justice samuel alito leaked the outcome of a landmark 2014 ruling weeks before the court's decision was made public. the whistleblower told "the new york times" will the conservative donor informed him about the yet to be decision -- published decision after the

chen, steph curry, naomi to sack a ca, also super bowl ads featuring larry david. no dollar amount or payments that were announced, but you have to remember that gisele and tom were paid in equity, in ftx stock. that stock is worth a lot less today with that bankruptcy filing. it's also notable who's stepping in here, thing enron liquidator is going to help fulfill these set elements, and he's -- settlement, and he's notable. investors are hoping to get something back, but in these bankruptcy proceeding, liz, it's pretty tough to do. liz: oh, yeah, good luck. don't set timer, because you're going to be waiting a long time. coinbase is on the move here, gaining 11.5%. investors are bank on it maybe picking up market share, so let's bring in a bull-bear debate. d.a. davidson, gil lauria has a buy on coinbase, and duke university's financial economics center policy director lee reiner is here, he says contagion is coming. gil, bitcoin is trading right now down about 5.33%. it was kind of up yesterday but still now below 17,000. this looks a lot like the ftx decide is

steph curry, tom brady, larry david, and all are named in lawsuits and were under the ftx brand.s like that. it was also politicians. in april and tony blair and bill clinton appeared with sam bankman freed in the ftx conference. this is something that we have seen before. theranos has a board of four government officials that gave this fraudulent business credibility. with ftx, people around the world saw the powerful people associated with it and thought it was a safeharbor for their money. now, that's money they might never get to touch again. >> yeah. it has a fyre festival feel to it. we have to wait for the documentary to come out. >> there will be a lot of those. incredible stuff. jon sarlin, we appreciate it. >>> coming up, nancy pelosi is stepping down as house speaker. one of the new generation members just got elected to the house of representatives. congressman-elect maxwell frost. he joins me live, next. he's the first member of generation z ever elected to congress. there he is right there. we'll be with him next. you could manufacture a whole new way of manufacturi

steph curry and tom brady and larry david ftx, put your money here.they were being paid in yield. you are getting a 4%, 8% to put your money there. that is what is not very well-known. so the question is how could there be any yield on crypto? there's nothing there there's nothing to pay per there's no house is being fought with the proceeds. there's no business loans. what it was, the money then went to others who were paying higher yields and speculation. it was not just ftx is a company called genesis is a crypto meant lending platform whatever that means. lending against what? against air. remember the twins in the social network. another lending platform customers were lured they were only getting .01% because the fed had zero interest rate policy for way too long. and way too long this what it was for it suckered all of individuals to institutions in. and no one asked the question what is backing this up? if you look anywhere closely the answer was hot air. spate so, just looking at crypto, is there anything they are all in terms of the broader

former fdx customers have now filed a lawsuit against several celebrities, including larry david.se of that cryptocurrency exchange. hackers are targeting hospital systems in an attempt to extort money, leaving sick patients to pay the price. the latest healthcare system victim of these ransomware attacks is common spirit health. the nonprofit hospital confirms hackers hijack the company's i t system and blocked doctors and nurses from accessing patient records for 11 days last month, experts say this hack left 20 million americans in 21 states at risk of faulty healthcare and having their medical records leaked. it's a double whammy when it comes to you know both your healthcare and then on your own personal information being protected. ransomware attacks on healthcare organizations increased 94% from 2021 to 2022 more than two thirds of u. s. healthcare organizations reported a ransom attack last year. common spirit says it's still working diligently to bring systems online and restore full functionality as quickly and safely as possible. violent crash early this morning leaves

although i think the chances of getting that from these celebrity spokespersons, larry david and others close to zero. >> steve: right, they could simply say we had no idea what their business practices were. we were just talking about it. >> brian: i have no integrity i will sign up for anything anyone gives me. >> steve: tom brady, gisele, david ortiz, shaq. >> >> brian: kevin o'leary prosecute wonderful from the shark tank how could he get caught up in this. >> ainsley: and kevin, how much to the republicans? >> that's great question. because i noticed that maxine waters said hey he gave to both parties. the truth is, anybody who is honest about this understands where the lion share of the money with a was going. obviously to democrat causes. now, that said, understand there is one thing about washington no matter what people del you, there is almost never a circumstance where only one party is involved probably learn more about where the dollars went in the days ahead. >> steve: indeed. kevin, thank you very much. >> brian: zuckerberg -- thanks, kevin. he could say i gave to both pa

tom brady, shaquille o'neal, naomi osaka and seinfeld creator larry david are also named in that lawsuit and argues their celebrity status made them liable for promoting the firms failed business model. ftx was the 3rd largest cryptocurrency exchange. >> coming up, what we're learning tonight about a stabbing inside an east bay high school. plus, a bay area restaurant manager loses her eye in a brutal attack while defending a customer. >> and we're an active weather day tomorrow. track it all down for you. hour by hour. coming up less than 10 minutes. you run a small business, u need the most from ery investment. at's why comcast businesss ves you more. re innovation... th our new gig-speed wi-fi, us unlimited data. re speed... from the largest, stest, reliable network... d more savings- to 60% a year th comcast business mobile. l fromomhe company that wers more businesses an any other provider. t started with fast speeds d advanced security r $49.99 a month r 12 months. us ask how to get up a $750 prepaid card th a qualifying bundle. two loads of snot covered laundry. only one will be s

larry david did nothing but say trust us.ay this massive fraud could have taken place is to get the largest and most famous people that people rely upon and trust. they were going to share in the recovery of ftx. they have to share in the liability. >> martha: i inencourage peopleo look at the assets and how the money disappeared and could be hidden to protect sam bankman-fried so he doesn't go completely bankrupt. we'll see where the money leads and the question about the democrat donors and whether or not that led to loose regulation for these firms from washington and capitol hill. i hope you'll keep us posted on how this goes. thanks for joining us today, adam. >> thank you, martha. >> martha: you bet. all right. take a look at these images from moscow, idaho. they're so shocking, this is blood dripping from the outside of this house where four people were killed. that's the report that comes from the local affiliates, the local outlets in idaho. it's a stunning horrible site to think about what happened inside that house

larry david did an ad for ftx during this year's super bowl, portraying a buffoon who missed the boatit the wheel. >> i don't think so. >> what does it do? >> it rolls. >> not as a bagel. >> at the end of the spot, david is presented with an offer. >> ftx, safe and easy way to get into crypto. >> i don't think so. >> i'm never wrong about this stuff, never. >> reporter: now analysts are warning about the real future of the crypto currency market. >> i think that the private crypto market, meaning digital coin that is not backed by central bank is going to be in for major correction. you have already seen that. i think regulators have a great case now to say, nobody should be trading this stuff. we need a lot more rules. >> reporter: and now, according to "the wall street journal," both the justice department and the securities and exchange commission, are investigating ftx and the man who ftx appointed as its new ceo is john ray iii, who helped manage the notorious energy firm enron after its collapse in accounting fraud scandal in 2001. brian todd, cnn, washington. >>> reminder crypt

larry david was doing commercials for the guy, tom brady and wi and gisele were ambassadors.e was just at the white house actually. got two closed door meetings with biden's senior adviser in the spring. right around the time biden was shipping billions to ukraine. the funny thing is ukraine was investor in fftx. why is a country in the middle of a war investing in crypto? shouldn't they be buying weapons? if they have to invest in anything doesn't crypto sound risky for zelenskyy. you wouldn't want an investment with solid return and stable growth. zelenskyy thought he would give to a guy living in a tax haven fresh out of college with fun canny hair. well, when democrats are sending you billions of dollars of weaponry, the least you could do is reward their favorite mega donor. what did ftx do with the money ukraine invested? they plowed it right back into the democratic party. democrats send money to ukraine. ukraine sends money to ftx and ftx sends money to the democrat campaign. i don't know if this is war profiteering or money laundering. i don't know. it needs to be in

ftx signing up major celebrities, tom brady, steph curry, and also super bowl ad featured larry david. no details on specific dollar amounts but tom brady and giselle, they were paid in stock. the stock is worth a lot less today with the bankruptcy filing, and lick -- stepping in, and at question is the miami arena. the crypto company paid $135 million for the naming rights over 19 years and five and a half million dollar payment due in january that's now in doubt. and it also, by the way, adds to the myth of the arena naming curse, you remember some other ones? they don't exist. so yes there, is a myth that if you put your name and an arena you are a danger of going under. >> i do remember the mci center, but i don't remember, maybe john can help me figure out how long that was. >> john: 1990s, all the way back then. president biden laughing off republican promises to investigate his son hunter's foreign business dealings if they get control of congress. instead, the president suggesting it's elon musk and twitter's business overseas that needs a closer look. the white house was aske

larry david, eddy murphy, steve martin, all these people were immensely respected stand ups. >> haveivalent relationship with comedy. it's almost like a stepping stone with those people like they had something else on their mind. >> the -- pop they go -- >> steve martin quit doing stand up at the height of his fame. >> i knew it was over about a year before i stopped. i wasn't being creative in it anymore. and i didn't really know how to write for such a big audience. >> i spent $150 good a today recorded as as i talk into it, it goes i know, ien. >> woody allen was a very shy person. he was the last person in the world who you would think would become a performer. so as soon as he was able to leave standup for movies he did. >> every time i try and do something serious people laugh at me which would be a problem if i tried to do a serious movie ever. i would like to make a movie where i was real serious in it. >> the comedians that walked away from stand up all became movie stars. >> stay away from the -- >> that's the common denominator. >> >> i found out some white kids and curse

you'll recall that during the super bowl, there was that famous commercial on which larry david, famouslyys, no, i'm not gonna get any crypto, having been historically wrong about every other great invention of the past. that ad, along with ads from all sorts of other cryptocurrency, businesses, and all sorts of other celebrities, convinced everyday people to put huge amounts of money into this. you have entire retirement and pension funds, putting themselves into this stuff. so, although it is fine to look at somebody like, say, bankman-fried, the person who is running ftx, and say oh, that billionaire, he was just a ponzi scheme. here's the thing. every day people have lost those billions of dollars, and they are not coming back. and so, while it may not -- >> okay, fine -- >> directly, it is really important, a spear of thought for all the people that have been affected by the stop, stuff. >> absolutely, but of course, it is and what a scheme, and the governor will not be stepping into rescue anyone. the whole point of crypto is to some of the government, deregulate, don't be part of a

and by the way, the class action suit names larry david and tom brady. musk punch. ing back at liberal pundits who are denouncing him just for buying twitter and the latest uproar over kanye west. ♪ ♪ (woman vo) sailing a great river past extraordinary landscapes into the heart of iconic cities is a journey for the curious traveler, one that many have yet to discover. exploring with viking brings you closer to the world, to the history, the culture, the flavors, a serene river voyage on an elegant viking longship. learn more at viking.com - [narrator] if your business kept on employees through the pandemic, getrefunds.com can qualify you for a payroll tax refund of up to $26,000 per employee, even if you got ppp. and all it takes is eight minutes to find out. then we'll work with you to fill out your forms and submit the application. that easy. getrefunds.com has helped businesses like yours claim over $1 billion in payroll tax refunds. but it's only available for a limited time. go to getrefunds.com powered by innovation refunds. howard: as elon musk ba

lawsuit for promoting platform, and the names included in the suit tom brady, gisele bundchen, larry davidh shaquille o'neil and naomi osac a ca. the contamination has also spread to genesis global capital as it announced it has suspended redemptions and loans as a result of, quote, unprecedented market turmoil created by the fall of ftx. genesis could reportedly snag a lifeline from the founder and ceo of the world's largest crypto exchange, that according to blockworks. cz is interested in awe quiring its loan assets which include 2.8 billion active credit. and in the latest episode of this soap opera with the former ftx ceo bankman-fried, a report by reuters reveals the former king of crypto has been belling for a -- begging for a bailout of $7 billion from sequoia with, apollo global management and tpg. ft, and's corruption cascading across cryptos at this hour. about a week and a half ago bitcoin was above 20,000, right now it's at 16,549. you can see the other big names whether it's xrp or etherium are red on the screen, could be about 3% apiece. joining me now the woman known as the

celebrities like tom brady, chicago, larry david who all promoted ftx in commercials like the one thathere on your screen and, eric, there were a lot of questions surrounding nearly half a billion dollars that were, that was in ftx's possession that seemed to just disappear. well, we heard from the bahamian securities commission earlier week who said that they transferred those funds to the secure digital wallet for safekeeping as ftx goes through bankruptcy proceedings. so a lot of questions that people want answered and a lot of folks looking to this hearing from the house financial services committee that will take place next month, eric. eric: just unbelievable how so much can go poof. charles, thank you. arthel? >> reporter: are you concerned that democrats, that they received millions of dollars from him, might not be able to conduct the oversight effectively because they have benefited from his money? >> well, as i understand it, there were republicans who received money from his business partner -- >> reporter: 92 the % of his money was spent for -- >> his partner contributed h

also you have naomi osaka and steph curry, and larry david who paid a lot for that super bowl commercialre questions about whether or not there is that arena naming kerr still that's alive, because -- stuart: they did that. >> that's right they did $135,000,000.19 year deal, miami-dade county also concerned about whether or not they get that money. stuart: huge developments just coming ink across trans om as we speak, big deal, thanks for keeping in touch with that. let's get back to big tech. i do believe nasdaq was up 7% yesterday. mixed picture this morning what do you make of this? >> yeah, so we had the best day since 2020 as you mentioned. yields went down by the most since 2009 for the 10-year, went down the most since almost 2008 for the two-year, also you have china loosening as well their covid restrictions that's good news for tech and money flows outside of china's borders which as you know is the world's second largest economy and also remember that traditionally this is the strongest time of year for stock markets heading into year-end, right? wall street usually also tilts

also tom brady, giselle bun chen, celeb i think endorsers, steph curry appeared in commercials, larry davids super bowl add, but tom brady and giselle were paid through some equity in ftx. we don't have an exact figure or dollar amounts, but you can imagine that's probably not worth as much today. also ftx may be victim to the arena curse. ful they were paying $135 million to $190 million for that 19-year miami arena naming deal. miami-dade county sayings they are owed $5.5 million in payments from ftx in the next few months, so we'll see if they actually pony up and what happens to big flashing name, of course, in miami. cheryl: and a lot of crypto stories are going to be playing out in los angeles, to your point, as well. that's the arena curse, that's a good one. susan li, thank you very much for that live report. >>> well, a federal court striking down president biden's student loan handout. the case was brought by the job creators' network foundation. the president of that group, elaine parker, is here right after this. ♪ muck ♪ ♪ what should the future deliver? (music) progress... (mu