bernie madoff and sbf.ow did they manage to steal millions from investors before their luck ran out. isis is in a comeback. they are in full stride. hr mcmaste incredible progress but still in critical condition. brian: it's been a year and a half since president biden's disastrous withdrawal from afghanistan. and what many predicted has come through. many terrorists groups are springing up around the globe, especially isis. a guy with a machete slashed two officers in times square on new year's eve. authorities warned of a taliban attack, i should say al~qaeda. president biden's response sending crucial air marshals to bail out the crisis. joining us now to talk about this and so much more, general h.r. macmaster. is terror back? is islamic extremism back. >> i think so. what is keeping us safe is remaining engaged with these terrorist groups abroad. right before the pullout from iraq in 2010 president biden said al qaeda is a shadow of its former self. al qaeda had taken over territory the size of great b

bernie madoff and sbf.ow did they manage to steal millions from investors before their luck ran out. isis is in a comeback. they are in full stride. hr mcmaste ♪ ♪ mom! mom! every day can be extraordinary with rich, creamy, delicious fage total yogurt. (vo) if you have thyroid eye disease and things are a no go because you keep seeing double, or...your bloodshot eyes have you seeing red, it might be time to discover another treatment option for thyroid eye disease, also known as t-e-d. to learn more, visit treatted.com that's “treat t-e-d dot com." incredible progress but still in critical condition. brian: it's been a year and a half since president biden's disastrous withdrawal from afghanistan. and what many predicted has come through. many terrorists groups are springing up around the globe, especially isis. a guy with a machete slashed two officers in times square on new year's eve. authorities warned of a taliban attack, i should say al~qaeda. president biden's response sending crucial air marshals to

the author of madoff talks and feature upcoming documentary. madoff, the monster of wall street.o, do you see any similarities between madoff and as we at "primetime" call him mini ma madoff? yes. thanks for having me on jesse, first off. fundamentally they both built tremendous trust. bernie through the jewish community, and the regulators. and sbf basically paid for politicians $73 million, 92% of it went to democrats. and also he had on his payroll ftxfc commodity futures commission he was paying money to. they exploited that trust. bitcoin in general is a confidence game which is a nice word for con game. >> jesse: so, if you have criminals, mobsters, russian mobsters, cartels, saying bernie, you're dead. you're basically a dead man so, he goes prison, takes the wrap, pleads guilty, do you see a similar scenario with mini madoff? i mean, you are talking about arms traffickers, you're talking about some of the dirtiest people internationally. is that heat coming? >> yes. that money that came into bernie, international money laundering, which by the way the feds never chose to

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bernie madoff and sbf.hey manage to steal millions from investors before their luck ran out. isis is in a comeback. they are in full stride. hr mcmaster reacts. lligent tech. courageous performance. discover a new world of possibilities in the all-new lexus rx. never lose your edge. [♪♪] jon: welcome to fox news live. kevin mccarthy is now house speaker and the california republican was at last able to secure the votes he needed to win the gavel on the 15th ballot just after midnight saturday. mccarthy agreed to give up some of the power he fought so hard to get. one concession is any single house member can make a motion to challenge his speakership. the buffalo bills will wear a special patch with the number 3 on to honor their team member todadamar hamlin. the team's safety is making incredible progress but still in critical condition. brian: it's been a year and a half since president biden's disastrous withdrawal from afghanistan. and what many predicted has come through. many terrorists groups are spr

mini madoff friends all over washington.line just drop a couple backpacks off in the right location. if those two don't work for you, you can always nominate johnny. i have been trying to get rid of him for years. up next, cannibalism has come to portland. ♪ despite treatment it disrupts my skin with itch. it disrupts my skin with rash. but now, i can disrupt eczema with rinvoq. rinvoq is not a steroid, topical, or injection. it's one pill, once a day, that's effective without topical steroids. many taking rinvoq saw clear or almost-clear skin while some saw up to 100% clear skin. plus, they felt fast itch relief some as early as 2 days. that's rinvoq relief. rinvoq can lower your ability to fight infections, including tb. serious infections and blood clots, some fatal, cancers including lymphoma and skin cancer, death, heart attack, stroke, and tears in the stomach or intestines occurred. people 50 and older with at least one heart disease risk factor have higher risks. don't take if allergic to rinvoq, as serious reactions

bernie madoff, the monster of wall street.ond hour of "squawk box" begins right now ♪ >>> good morning and welcome back to "squawk box" right here on cnbc. we're live in times square i'm andrew ross sorkin along with becky quick and joe kernen. take a look at u.s. equity futures. we look like we'll open up, about 85 points on the dow s&p 500 up about 15. we'll call it 14 points. nasdaq up about 65 points. treasury yields right now, you're looking at the ten-year note sitting at 3.681. oil, you can buy it by the barrel looking at $74.93. and finally, we'll talk about sam bankman-fried and crypto and we might talk about ponzi schemes with the director of the new madoff film in just a bit. you're looking at bitcoin trading at $16,832. >> go to frank holland with a look at this morning's premarket movers. >> i don't know, dom chu might be mad if we call it the holland movers >> i don't know where that transition came from, joe, but we have some breaking news this morning. salesforce shares are moving higher after announcing job cu

maybe i want a madoff claw back on those proceeds. maybe i want to pursue -- >> i'm sorry, you're about three minutes over. any follow-up? >> i had another topic. so we do a second round. >> thank. you senator reid of rhode island. >> thank you very much, mister chairman. thank, you panel for your insights. the restructuring office of -- described in detail the absence of reliable financial statements, absolutely no internal controls. professor allen, i'd like to ask you questions about ftx and how they were able to get away with essentially cooking the books. first, was ftx a publicly traded company? >> no. >> as a private company, was ftx required by law to disclose basic information to the public about its business like audited financial statements? >> no. >> was ftx required to disclose transactions with related parties like mr. bankman-fried's hedge fund -- alameda research? >> no. >> also mr. o'leary's example. that was not would be prior to be disclosed? was ftx required to have financial officer or disclose whether a financial

his downfall is compared to bernie madoff. >> he federate poison to joe biden, did drug money buy the senate? 41 million into the democrat dirty war chest, where stolen kooip money come from? if we're learning anything from bernie madoff story, it is this is a lot of dirty stolen money and people are dying over it. the past few months, there has been a slew of crypto executives dropping dead. yeah. one died in his sleep, another from a helicopter crash and the other died drowning in puerto rico. is this coincidence? we don't know. if investors were cartels and vestors? he is in trouble and so are brokers who lost mob's money. miniis vegan, more worried about next lunch. >> todd: a lot qualifyies asked by jesse watters there. >> ashley: i wouldn't give my money to that guy. >> todd: tough to trace, it is crypto. >> ashley: makes no sense to me. house return without a speaker, kevin mccarthy losing three votes in a row. >> todd: weighing in on the drama and joe concha and dr. nicole sapphire here next. my name is ashley cortez and i'm the founder of the stay beautiful foundation when i

were they whacked by whoever got mini madoff's cohorts.ely preparing to build massive wind farms right off the coast. and the whales are paying the price, probably these experts are -- these projects are killing these whales and they haven't even broken ground yet. they are just doings surveys. this whale was actually buried in atlantic city. best of your recollection believe me, it's a whole lot better than how we used to do it. >> it had been so long since a whale had washed up in lane county nobody could remember how to get rid of one. so dynamite it was some 20 cases or a half ton of it. the long dead pacific grave well would be almost dissent united states graduated by the blast. any small pieces would be taken care of by seagulls and over saf ventricle to enter gears. i'm confident it will work. the only thing is we're not sure exactly how many explosives it will take to disintegrate this. [explosion] oh not only killing the whales but eyesores. "primetime" is hearing these babies have enough raw power to knock chris christie off his

had to look into bernie madoff i know the s.e.c. had met a bunch of times with sbf. i don't know what types of specifics and oversights they were applying. i view this as a fraud, not a crypto problem at large. to your point, regulatory clarity globally is important. we're seeing a lot of countries. we're in davos it's clearly one of the countries leaning in the uk, japan, switzerland, sorry, singapore the u.s. is notably absent from the list and in some ways the regulators in the u.s. have added confusion to the crypto market. >> let's get a check-in with what's going on with that lawsuit and the s.e.c. and ripple are you planning to set well the s.e.c. >> well, we have always said we would love to settle but it requires one very, very, very important thing it's clear srp is not a security. the s.e.c. and gary gentzler has very outwardly said he views almost all crypto as a security and that leaves very little room for a settlement the case is now briefly before the judge. the judges take however long the judges will take we're optimistic this will be resolved in 20

bernie madoff embezzled, 14 billion was actually retrieved with the customers.an-fried, a lot of money he stole from customers and gave to alameda research was thrown out the window. and risky bets in failing companies or crypto currencies. we see on a percentage basis, a whole lot less money retrieved. stuart: how far back will they go to clawback? your customer of ftx, you made some money, took your money out, regulators could clawback the gain, before it fell to pieces. just as they did with the made off case. >> they might be able to try to do that, ill-gotten gains in the system. with what sam bankman-fried did, spend money on things that are completely worthless and insolvent. that's the lions share of the money, the stolen customer accounts over to alameda research which is a hedge fund, they threw the money away. a lot of the money vanished into thin air which is how i describe crypto currency to begin with, it's not based on anything but thin air. stuart: is he going to jail? >> absolutely. there is no such thing as a slamdunk case but this is as close

. >> jesse: majorup date on the mini madoff case. you're not going to believe this one.est karen "primetime" has ever seen. >> the police are not coming. >> yes, they are coming. >> no, they are not. >> yes, they are coming. >> for what? >> to give you a ticket. >> for what? >> parking like an idiot. >> that's not a thing. >> there's a law against it. >> no, there's not. ♪ entresto is the #1 heart failure brand prescribed by cardiologists. it was proven superior at helping people stay alive and out of the hospital. don't take entresto if pregnant; it can cause harm or death to an unborn baby. don't take entresto with an ace inhibitor or aliskiren, or if you've had angioedema with an ace or arb. the most serious side effects are angioedema, low blood pressure, kidney problems, or high blood potassium. ask your doctor about entresto. why are 93% of sleep number sleepers satisfied with their bed? maybe it's because you can gently raise your partner's head to help relieve snoring. so, you can both stay comfortable all night. the queen sleep number 360 c2 smart bed is only $8

. >> jesse: once you are hungry for munching on cucumbers all day skinny fat like mini madoff. is going to jack up the price of carbon so you can't afford to stay warm either. >> with your question, what would be your wish? is to get much higher cure bon prices and use that money to subsidize clean energies. very capitalist intervention make what you have tried to avoid expensive and subsidize to train the thing that you are trying to build. >> jesse: ter telling you they are going to make oil and gas more expensive. they are telling you. they are shelling out corporate welfare to green companies owned by gore and kerry a and if we can't afford to buy a tesla or electric stove the united nations has a plan for that a global stimulus package. >> our proposal to is to have a global stimulus, a global stimulus table to redress the economies and the global stimulus able to address challenges of the poorest in the world. and at the same time, to create the funds necessary for a just in climate change. >> jesse: we are not mind readers like biden but wouldn't it jack up inflation. no

. >> jesse: is the mob coming for mini madoff?ous incident during his house arrest has the little guy worried. and "primetime" goes to a safe injection site. >> people don't even want to come in this section. they call it zombie land. people look like the walking dead sometimes. vy u level up u won't take a time-out one dose of ubrelvy works fast it can quickly stop migraine in its tracks within 2 hours without worrying if it's too late or where you are unlike older medicines, ubrelvy is a pill that directly blocks a protein believed to be a cause of migraine. do not take with strong cyp3a4 inhibitors. most common side effects were nausea and tiredness. migraine pain relief starts with u learn how abbvie could help you save. ask about ubrelvy, the anytime, anywhere migraine medicine. oooohhh, it is cold outside time to protect your vehichle from winters wrath of course the hot sun can be tough on vehicles too you need weathertech all year round! come on, protect your investment laser measured floorliners and cargoliner will shield

madoff got him thrhe day.witnesses, when i say everybody, white-collar attorneys tied into the case somehow, they're talking to the sec and talking to the u.s. attorney's office. more witnesses will come out against him. more witnesses are said to be ready to corroborate that he knew the basic risk management flaws and flaunted them. more witnesses say he was part of the fraud that went down. that is on top of his girlfriend caroline ellison that, cofounders of the whole firm. they have already pled out. others are going to cooperate. and this thing is spaning, you know one thing i will say is this, this is where it gets really tragic, again there are charities that may have to give this money back. charities that involve poor underprivileged kids in south florida that might be, that might be, get the plug pulled from them. liz: tomorrow charlie and i, thank you very much, are going to be speaking to blackrock ceo larry fink, the asset management giant reports earnings before tomorrow. larry will join us in a

. >> we should point out during the madoff scandal bernie madoff managed money for many charities. managed money for a lot of people that is sort of the real, one of the tragedies here and we're going to hone in a little bit today on one charity. it was a fascinating thing that he did. it was called hackathon. it was for underprivileged students in broward county where they did a shark tank like event. it was kind of a competition where they tried to come up with computerized solutions via computer programing for various problems. kevin o'leary was one of judges. david ortiz was one of the judges. whitney cumming was one of judges. for all told we gather, we have calls out to broward county school board because they were in partnership with ftx, there was 10 of them, about a million plus dollars. these kids are in college, come from underprivileged backgrounds. liz: the money is probably spent. >> probably spent. according to bankruptcy attorneys we talked to they might have to give the money back. this is where it is getting really, really scary. if these kids could claw back mone

next, former bernie mayoff attorney -- madoff attorney ira lee sorkin on how that impacts sbf's charm offensive as he continues to try to make his case on social media? if of all places, when you're facing fraud charges. 48 minutes before the closing bell ring. "the claman countdown" will be back, stay with us.ia ♪ te doors are new beginnings. -surprise! -surprise! your dedicated fidelity advisor can help you open those doors. for you, mama. through personalized money management that can evolve with new chapters. and they can proactively view your entire portfolio. with an eye on taxes and the impact of risk. so you can enjoy moments together. because doors were meant to be opened. wait... do you use singlecare? no, i have insurance. oh singlecare can actually beat your co-pay. singlecare can also beat the price of your medicare plan. you mean our medicare plan? damn you too much sun! check the singlecare price today! as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. fle

went after the people who invested with madoff. taken their money out and made a profit.o claw back money from them loads of people bankrupted they thought they made legitimate investment. got out took their. later on you were handed money that was stolen money. given it back. >> even though they didn't know that at the time. what is interesting now people running ftx trying to cooperate with authorities and whatnot. one of the things they are doing trying to claw back all those political donations. >> right. >> steve: it will be curious whether plainly democrats by a vast majority who got the mope, whether or not they will give the money back because that money then will go to the many -- the million people who were screwed. >> there's also a great deal of money that went out to leftist causes which went out from sam bankman-fried or his parents, i should say. maybe that has to be clawed back as well. how do you get it back in the only winners in this are requesting to be the lawyers. because of. >> steve: of course. >> massive number of legal cases. everybody arguing in

do you know when the madoff bankruptcy was filed? >> probably circa 2008. >> say 2008. >> and you know-they just made a distribution out of that bankruptcy last week? >> how old are you? >> is that a permitted question? >> i want you to add 100 to whatever your age is when you finally untangled all of this. the reason i say that is, we watched this ftx, but a bunch of other cryptocurrencies start thrashing about nine, ten, 12 months ago. as a house of cards started falling down, the thrashing became more. we had something like that in colorado back in the 80s, when the savings and loans were failing. everybody was trading their funny money. we called it trading cats for dogs, to hide lousy loans, to not show the failures of those particular banks. here, your job i think, the bankruptcy trustee your conservator or whatever you are, is to go gather as many assets as you can, and that could be from some very innocent people who got paid money. to then spread it out equally among who you think the real creditors are. is that sort of a fa

madoff is a criminal defense attorney causin. would you raise your right hand ? i sehand. theme a heck of a lot of my concern, of course, is forhor the shareholders of enron. bernard madoff, the largest financial fraud in history, no record keeping civil warsst and enron. this might be the biggest gamble. i , i you know, the . >> all right, we're ready for transition where we are profitable. keep in mind, when you watchk that twitchy little freak thatat everyone on cnbc and the world economic forum thought he was a genius scam, bankrupt fraud. >> the story of fauci is theraud name of the documentary. it'sts streaming tomorrow. and fox nation, a fox newsx news alert and somewhere good news. the appalling prime minister of new zealand, jukin arjan. that's the lady with the big teeth, the tormentor citizense a has just announced shemoments is leaving office here. she was moments to go.king >> now it that i will not be seeking reelection and then my term as prime minister will conclude no later thane the 7th of february. nomost authoritarian leader of that country has ever had

madoff there was no money theree ,so they sued every promoter, everybody who sold madoff stocke every accountant, every bank,yi every entity, professional that had anythingtyhad an to do witht sued. >> and you're going to see that with fdr. he was having a lot of meetings, some blankman freed with all the regulators in washingtoand gettn. he's getting photographs with , you know, all these you talkinga about regulation is good forti the industry. i feel kin d duped. may ended up being like me,. like we all know now.no it's a total fraud and a ponzi scheme. it seemed like a yes. safer, unbankable, maybe even transferring money from my bank mo account.ney from my bank into fauci a account into t. >> that's a very revealinging documentary. it's called scam bakeman fraud the story of fauci. it's out now on fox nation. before we go , we'd likerd to check in on our lizard overlords at davos. it's our dut y to bring thatbettr to you nex..t. some things that go better together, like your workplace well invested. with poya considering all with poya considering all your financial choices and he

the only other comparison out there is the bernie madoff trial.d a similar task force and similar commitment from the prosecutors there. >> going to be an interesting several months regarding this case, which has stemmed right here in the bay area. >>> up next, a live look at the bay bridge. yoyou go by lolots of titltl. veteraran, dad, hahair stylis. so a adding a ststudent title might feelel daunting.g. nanational uniniversity isis e to supupport all y your title. nationonal universrsity. supppporting thehe whole you. >>> all right. take a look. a lot of people heading to the grocery store, stocking up ahead of these incoming storms. this is the trader joe's in oakland this afternoon. that's quite a crowd. they had some empty shelves there. we're hearing similar stories from other grocery stores around the bay area. jeff ranieri is back with us. that is something pretty smart. stock up before it's hard to travel around. you don't want to be on the roads. >> that's exactly right. we're looking at three different storms as we move through the next

in traditional financial services you see bad actors as well like bernie madoff or what happened at enron terms of regulation i don't think it will be a bad thing. coinbase has been calling for clear regulation and trying to work with policymakers for quite a while. we have made some progress across various g20 countries. it will serve as a wake-up call and a moment of catalyst where we will get more clear regulation in the united states, and i think that will be a good thing for coinbase and the industry. david: for your company and people who are clients of coinbase, you reassure them i assume regularly or they can find out for sure if their account is managed the way it is supposed to. it is not being used for some additional purpose, is that right? brian: that is right. we are very different from what happened with ftx. for one thing, coinbase is based right here in the united states. we did not incorporate in an offshore jurisdiction like the bahamas. we are also a public company. which means we need to meet all of the audit requirements of a public company. so we show in our publicl

in el salvador they got swindled by mini madoff.t brilliant country decided to make their official currency bitcoin. was that kamala's idea? i mean, this whole thing probably means kamala's job as border czar is over. she bombed. so joe had to take over and now he's going to have to fly down and have a little look see in el paso. the first time the man has ever seen the border in his 50-year career. sarah huckabee sanders, former white house press secretary and arkansas governor elect. congratulations by the way. >> thank you. >> jesse: you deserve it. and it's all because you came on "primetime" so we take full credit. [laughter] >> jesse: your state now is a border state. are you going to sue the pants off this administration because there's no way he has the legal authority to do this. >> well, we're pretty close to the border but not right on it. but we still feel the impact of the terrible decisions and policies under this administration. i mean, just last month, joe biden said that there were more important things to do than g

. >> there was fraud bernie madoff had hedge fund ponzi scheme collapse we didn't nell say we need newulation there is danger kind of overcorrect something that is like well, no, there are laws about that clear regulations. what is interesting being in davos, is you see a much more global picture, and crypto regulation a lot of countries around the recalled would is clear it is specific, governments have done work to codify to encourage entrepreneurship investment into that u.s. frankly is behind other countries talking about small countries uk, japan in this switzerland, singapore uae, so a pretty long list has done work getting ahead of u.s. to i think u.s.'s detriment. >> look at use of bitcoin in some areas, where it is allowed people who couldn't even get banked to get and become part of the banking situation. >> one of the great promises early days of crypto to reach the unbanked around financial inclusion i think some promises are still there the thy i know definitively technologies, whether talking about different crypto xrp one ripple uses they reduce estimate costs increase t

what it ends up involving usually the guy who is at the head of the fraud like take a bernie madoff typen empty bag by the time he gets caught. almost nothing left. sbf says he has $1 hundred thousand in his bank account. what this litigation involved who would the people who benefited at the early phases of the fraud and the people who lost their shirts usually litigate against those people. it can be drawn out for a number of years. >> bill: just the beginning. nice to sigh. happy new year. we'll rely on you this year. we need your big brain. >> dana: before we go. >> bill: flagstaff, arizona doesn't get too much snow during the winter. it does, actually, yeah. when the city got several inches over the new year's these two dogs could not contain their excitement. you couldn't keep them in the house. they wanted to find out what the white stuff is all about. >> dana: can you imagine what could exercise that is? >> deepak chopra would love that moment. a moment of joy. >> dana: happy new year. "the faulkner focus" is up next. here she is. >> harris: it was a game and then it was the most

hr mcmaster and isis and charlie gasparino from madoff to the crypto creep we are dealing with now.ight football

. >> bernard madoff the largest financial fraud in history. >> worst. >> this might be the biggest scam of all time. >> tucker: keep in mind when you watch that twitchy little freak that everybody on cnbc, world economic forum thought he was a genius. sam, bankrupt, fraud. streaming tomorrow on fox nation. fox news alert and some rare good news. appalling prime minister of new zealand has just announced she is leaving office where she was moments ago. >> i will not be seeking re-election. and my time as prime minister will conclude no later than the 7th. >> tucker: most athor tearian leader that country has and no one else comes close. an appalling abuser of human rights of her own people. she, of course, earned admiration of western leaders including former ci director by ushering in an area of near totalitarianism. she shut down the entire country over a single covid case. she told everyone to stay in their bubbles. she told people to inform on their neighbors by calling the police if they saw them outside. not making this up. we kept a video record. here's some of it. >> dial local.

hr mcmaster and isis and charlie gasparino from madoff to the crypto creep we are dealing with now. as you know by now, monday night football

hr mcmaster and isis and charlie gasparino from madoff to the crypto creep we are dealing with now.with something totally different. as you know by now, monday night football

when you go through a list of the great liars in history -- benedict arnold, richard nixon, bernie madofffelicity huffman -- [ laughter ] the vast majority have been straight. and that's not inclusive. we all lie. lying is built into the gay experience. as a teenager, i told people i admired ryan phillippe because of his performance in "gosford park." [ laughter ] what i meant was, ryan phillippe's abs in "i know what you did last summer" made me wish i was the thing he did last summer. [ laughter ] [ cheers and applause ] here's george santos in drag. what? is that on his head? [ laughter ] that's a wig you buy to evade police. [ laughter ] they say he went by the name kitara ravash, which in portuguese means "slutty power rangers villain." [ laughter ] he's also a trailblazer, literally. here he is blazing a trail past reporters. with the help from, i believe, a cast member from "glee." [ laughter ] and his lies are so shockingly blatant. what kind of a psychotic banana brain would claim to have appeared on "hannah montana" and "the sweet life of zach and cody"? it's so brazen you almos

harry talks to director joe about his new documentary "madoff the monster of wall

which, you know, in the madoff situation, fortunately, i think 80, 90% of the principal was clawed back you know, reimbursed at least for the principal. gains were always fake, right? yeah, this we don't know what anyone's going to get back. it's scary for them. stuart: it won't be much. and there's about a million people. a lot of people. mark, thank you very much, indeed. >>> now, reportedly harry and meghan will be invited to king charles' coronation, but they will not attend. that's what we're hearing. hillary fordwich joins me now. this invitation, is it the final olive branch from the royal family? and hay don't go, is that the final nail in the cough fine? -- coffin? >> pleasure to be with you, stuart. if they don't go, it might be one of the more sensible things to do. we already know it is being decreed that none of the dukes, none of the other princes, no one will be kneeling and declaring life and legion, devotion to the king. only prince william will be doing that. so that's a rather high-road way of skirting the issue should he attend so he won't be focused on, rather like

many people consider him bernie madoff.ion is complicated because you have politicians that he and other executives have donated to and a whole lot of celebrities including steph curry, tom brady, who are very tangled in this company. >> while i have you, can you give us the headlines. we're expecting the president to speak about that any minute now. >> expect that the president will be smiling and saying we're on the road to recovery because we are. the report shows that inflation is dropping from where we were last summer. and one of the biggest drivers has been gas prices. gas prices are now lower today than where they were a year ago. food, as you know from going to the grocery store or out to eat, still quite expensive. but we're starting to see that slow a bit. the thing that sticks out that's just very expensive for us is rent. rent continues to be very high. remember 40% of what we spend our money on. so you're going to see the president say we are not out of the woods, but we're moving in the right direction. the f

the size of it may not be as big as madoff which was like 60 billion and this apparently is 2 billionof this is much bigger, because mad off was a simple ponzi scheme robbing peter to pay paul, this involves a lot of errors and i'll get into it real quick. they are throwing massive resources at this. this might be the biggest investigation from what i understand since maybe rudy giuliani going after drexel, this is big. neil: how? charlie: it involves here is the list, bribery, campaign contribution violations, market manipulations, theft, fraud, and they are turning multiple witnesses, so they are highly confident in their case from what i understand despite his not guilty plea. they are not rushing, meaning, the u.s. attorney's office, to cut a deal with this guy because they think they have him pretty much nailed on all these levels and it keeps getting bigger. interesting development over the week that kind of got in under-the-radar was that ghighi sohn got re-elected to the federal communications commission. she's so far left not saying she's not smart and not qualified but this

the corruption from the madoff documentary just out and tie it to this crypto scandal which we're witnessingtill ahead on this show. the new covid subvariant is spreading across the united states right now. dr. siegel is here to explain why. first, this ain't her first rodeo. janice dean is live at madison square garden where professional bull riders are taking over and she just might hop on that crazy horse and ride around wildly through the knicks home court ♪ going to go all night ♪ we're going to light it up ♪ like it's dino might because i to blame.ht be over the counter eye drops can provide temporary relief. xiidra... can provide lasting relief. it targets inflammation that can cause dry eye disease. xiidra treats the signs and symptoms of dry eye disease. don't use if allergic to xiidra. common side effects include eye irritation, discomfort or blurred vision when applied, and unusual taste sensation. why wait? ask your doctor about a 90-day prescription and pay as little as $0. xiidra. oof! just a moment of your time, everyone! (whispering) keep it together, turkey. singlecare, the

. >> ftx is a decentralized ponzi scheme and crypto is a ponzi scheme madoff created options >> it doesn'tk. you can own it all you want. >> it's billions of dollars. >> i don't care about bitcoin. we should drop the subject. >> what about the universal proxy situation? >> you know, universal proxy a bigger issue here. this is something regulators should be thoughtful about i think the numbers are right. 1996 7,000 public companies 4,500 today. now private equity i'm not against private equity from 1,000 companies but to go to 10,000. we are dropping with regulation and compliance now you have the universal proxy. someone can get a proxy with one vote that you own for one second do you want boards to be dominated by special interest groups that is a huge mistake a lot of companies won't go public you could argue it is a good thing. private markets are good it is a policy matter. this is another mistake that will drive companies to private market >> you think about esg a lot and stak stakeholders does that increase from here or decrease >> increase from here. the first i heard about this is

even though the founder of hindenburg is associated with analysts who uncovered the bernie madoff scamnds very traumatic and nationalistic. i do have to say that, in our, they are kind of right. because what happened was that last year as global investors fled china for the china drama, they went to india, with also a population of 1.4 billion, except the people are younger than the growth prospects brighter. now hindenburg research is calling to question india's corporate governance and the fact that indian stocks are really, really expensive. india's benchmark index trades at over 20x earnings. china is trading at just over 10x. rishaad: let's talk about the only asian conglomerate here with -- lisa hindenburg saying, 85% decline for adani? based on others -- h&a and evergrande as well -- su: make this work? david: make this work? whether it is true or not, are these good candidates? shuli: given how little flow there is we have seen that with evergrande. it will float. free flow. and then they also use the offshore vehicles that secretively bought into whatever public flow there is

obviously, obviously, you know, you don't see this every day you didn't see elizabeth holmes or bernie madoffe much lower-grade controversies talk for hours about their experience it was unusual. >> what do you think explains that obviously sam has been more willing to speak i don't know if you think it's strategic. i don't know if you think it's something. what do you crack it up to be? >> i think everybody wants to talk fundamentally, right, and we as reporters get to be a fly on the wall and sometimes the incentive is where they want to talk and there's a therapy element to it. but, look, ultimately he believes the crisis playbook that we've seen over the last century is too conservative. people are too focused on winning a legal fight, a year or a decade down the line and are willing to sacrifice losing the public relations war in the intervening months and years so that's -- that is the strategy, if there is one, andrew, is this belief that, hey, you know, maybe the lawyers are wrong. >> what was your biggest lesson in this? was there something that -- i read the piece -- i literally pro