both sam bankman-fried parents. the idea the democrats second biggest donor, the democrats response was similar, republican scott some money, they want the description of the road because when it talked about campaign finance laws, which airbase doesn't like and specifically items about dark money, contributions made to influence elections where donors are not disclosed two somehow sam bankman-fried sat down with the regulators in d.c., he was in on roundtables, advising crypto coin and derivatives and at the same time allegedly his parents siphoning millions from company funds, $10 million gift given to them, the lawyers say that was turned back to sam bankman-fried for his legal defense and $16 million beachfront house in the bahamas. >> that's the key here, they were helping or working with sam bankman-fried to siphon funds ftx to not only push the liberal causes but also to enrich themselves. these allegations are true, they could be on the hook for violation, campaign violations, conspiracy violations and tax v

lot of focus on whether this latest member of the inner circle might agreed to testify against sam bankman-friedears that is not part of the plea deal. there is no promise to do so. bankman-fried was arrested in the bahamas at the end of last year. and interestingly enough according to bloomberg reporting, it was ryan salame, when the issue first came to the for an the bahamas, who had main known to bahamian officials that customer funds may have been commingled, kicking off the investigation and resulting in his arrest. of course sam bankman-fried, now moved back to the u.s. as he awaits trial. my colleague sonali basak spoke to both ryan salame and sam bankman-fried prior to their arrests. she said it was interesting to note the two were not always close together because you had ryan salame traveling between d.c. and the bahamas, and he was mainly contributing to republican campaigns, while sam bankman-fried was contributing to democratic campaigns. haidi: how does this complicate things for sam bankman-fried? su: it certainly appears to stack the deck against him. as noted, three prior member

the mother of sam bankman—fried barbara also a professor at stanford university they say he helped ——y came from according to these filings. let's go back because this has been the fall of the company that led to the arrest of sam bankman—fried he was once the king of crypto as some people used to call them. us prosecutors accusing the former billionaire of legally transferring funds to the exchange to plug these losses of these two companies, political donations as well as buying property was one way to do that. , ., a , do that. the plot thickens. monica miller _ do that. the plot thickens. monica miller there. - let's get some of the day's other news now. shares in disney dipped by more than 3% in trading after it announced it would nearly double its spending on theme parks, resorts and cruise lines. investing some $60 billion over the next decade in what has been the most profitable parts of its business over the past year. the uk have passed a controversial new law aimed at making social media firms more responsible for users' safety on their platforms. the 0nline safety bill wil

and i'm calling sam bankman fried the bernie madoff who might get away. already we have found out he's gotten away with some things and probably because the media sympathy for him just won't go away. meanwhile, america's obsession with quick fixes to the lose weight. forget about that gym stuff, wait until you hear what people are doing as a shortcut. we'll take a poll and see if you agree. all that and so much more on "making money." ♪ ♪ charles: all right. it's been a wobbly start to september but another major with bear actually threw in the towel. sort of, right? the head of the u.s.ing we i think and derivatives strategy at bnp if paribas raise his target which means, of course, he's still bearish buttal realizes the worst case scenario has passed. ironically, i prefer when all the the street is bearish. still, this change of heart does speak to wall street sort of life stock still, they don't like the stocks that have blown up their thesis, they're still saying go with stuff like equal weight, go to emerging markets, go with cyclicals, hey, go defen

there was a time after the collapse of ftx when sam bankman—fried was holed up in his luxury complext. i interviewed him about two days before he was arrested and he said it was completely innocent and there was no criminality and he did not do it deliberately but he admitted making severe mistakes with the company and mismanaged finances and the entire company and said sorry to the customers and hoped to be able in some way to pay them and at one stage said start a new company and start paying the customers back. he was arrested, extradited to the united states and faces a highly anticipated trial next week with charges of fraud and money laundering and physical donations. the most high profile accusation is to use customer money from ftx to p"°p up to use customer money from ftx to prop up a hedge fund that made really make and risky bets on crypto currency that sometimes paid off sometimes did not. when this was discovered and the finance of the companies was funded to be fragile, it all came crashing down and people pool their money out the company as quickly as the good but it w

more trouble for ftx co-founder sam bankman-fried. his father and democratic dark money. >> i have heard young leaders talk with me about a term they've coined called climate anxiety, right? which is fear of the future and the unknown. >> i think i'm all right. i don't have climate anxiety. >> i don't immediate climate anxiety. >> bill: the vp is saying something else that prevents young people from buying a home and having kids. well maria b has heard about that and she is up next. >> dana: she has a strong walk-on game. ♪ i brought in ensure max protein with 30 grams of protein. those who tried me felt more energy in just two weeks! uuuhhhh... here, i'll take that! woohoo! ensure max protein, 30 grams of protein, 1 gram of sugar. enter the $10,000 powered by protein max challenge. ♪ ♪ veterans, if you're applying for a home loan to get cash...surprise. some lenders charge hundreds upfront for your appraisal and other fees. not at newday. a veteran shouldn't have to come up with money to get money. (ella) fashion moves fast. (jen) so

sheet was allegedly just a house of cards, and now it's all come crashing down ♪ >> breaking news sam bankman-friedder of the failed cryptocurrency exchange ftx has been arrested in the bahamas just one month after the spectacular collapse of his company >> the securities and exchange commission says bankman-fried is charged with defrauding customers out of billions of dollars and orchestrating a massive years long fraud they also say he diverted billions of dollars from the customer funds for his own personal benefit >> billions of dollars have not been accounted for since ftx collapsed. >> seth: oh, are billions of dollars missing? have you checked the fanny pack where his weed dealer keeps all his tips [ laughter ] "whoa, sbf gave me a billion dollar tip looks like someone's getting new beaded curtains. [ light laughter ] sal wrote that joke. so if you're wondering if sal smokes weed, the answer is a resounding no. [ laughter ] his reference for a weed dealer is beaded curtains [ light laughter ] which i think he got from what, an old "dragnet" episode that joke technically counts as a clean dru

sam bankman-fried, elon musk. stay tuned.omberg technology. ♪ ♪ is it possible to fall in love with your home... ...before you even step inside? ♪ discover the magnolia home james hardie collection. available now in siding colors, styles and textures. curated by joanna gaines. caroline: it feels an age ago but the collapse of sam bankman-fried's ftx sent waves are the crypto market it is in time for a new book called number go up. bloomberg's investigative reporter zeke faux goes down a rabbit hole to learn about digital tokens. in my fare in saying you came back underwhelmed by the whole situation? it felt as though it was funny, absurd, but at time shopping. remind us how it began. zeke: i started out fomo. i saw my friends getting big scores on two point. i thought the whole thing was annoying -- on dodgecoin. i got sucked in and decided to investigate and i found myself on a crazy adventure. two years later i was in cambodia investigating crypto fueled human trafficking and i was at sam bankman-fried's penthouse in the ba

the interesting thing about ryan and sam bankman-fried is they were not always in the same place.back and forth between the d.c. suburbs and bahamas. and i spoke to the people around them i was told they kept separately. ryan saleme donating 24 million dollars to republican candidates when sam bankman-fried was donating to democratic candidates. they seem to have pivotal different says. so ryan saleme's role in all of this is certainly interesting leading up to this trial, although very early to tell what that would be. caroline: interesting the political donations, prosecutors withdrew the campaign-finance law issues being alleged at these particular moments. kailey: part of the -- sonali: part of the issue was how the money was used. the campaign-finance violations was a definite worry until they were withdrawn, but remember that they still are a big question mark about the role of cryptocurrency in washington and why the senators had taken the money and what was the motive. i am going back to our initial reporting, it was not a little bit. both men were donating more than anyon

to hint at big moves like this and then later reverse course. >> as the parent of ftxs founder sam bankman-fried now face legal troubles of their own. joe bankman and barbara fried live in palo alto. the company's current leaders are suing, accusing the parents of fraudulently misappropriating millions of dollars from ftx. in a statement, the couple's attorneys deny those claims. it claims the legal action is an attempt to undermine their son's trial days before it's set to start. sam bankman-fried has pleaded not guilty to multiple charges of fraud and conspiracy . it's national voter registration day tonight, a look at the efforts to get people registered. >> of course, that's only half the battle. >> also ahead, the requests that are coming in for graffiti on private property, and that's up almost 74. >> and we'll take a look at what it will take to clean up san francisco's both simple and life-changing. what's not a choice? addiction to opioids like fentanyl. but even with opioid use disorder, you still have a choice. by choosing treatment, you choose family, your career and your life on you

caroline: that story turned into ftx and we will give a heavy-duty dose as sam bankman-fried will be trial for the biggest financial frauds in history. let's take the pulse of how it feels in the world of digital assets. you have been reading and writing one year on and it does not seem to upbeat? >> the story we had out today subset up nicely. it has been miserable has been a quote. there are a variety of reasons for that. on a personal level a lot of people who work in crypto or did had just really been doing a lot of soul-searching. their friends and family reaching out to them and asking them why are you in this business? is this just a big scam? we talked with one guy who started an analysis tool for the blockchain and he said that whenever the topic comes up among his family what he is doing with his career there is suspicion and skepticism towards this asset class that's gotten worse and worse since ftx blue -- blue up. venture capital investments in the spaces around 7 billion year to date. in the heyday of 2021, those values were 30 billion. the money coming in from retail i

david: sam bankman-fried was well known for giving money to politicians as campaign contributions and lobbying members directly on capitol hill. do you go to capitol hill very much to lobby directly for legislation of one type or another, or are you very involved in political contributions? brian: so, i go to d.c. -- historically, i have gone maybe two or three times a year. i imagine that may be more frequent now, in the next year or two. we have made small donations to certain candidates that are pro-crypto. but just standard stuff like $5800 or these kind of basic minimums. we have never made any kind of donations on the scale sam bankman-fried was doing through these large pac's. and things like that. part of it is how the game is played. you need to sort of make relevant donations. that is what all public companies do around policy issues. but it does seem like the way sam was doing it, where he was so visible in d.c., there was such a large amount of money, i think he was the second largest donor to the democratic party or something like that. it does seem like it was happening

staying in the us — the parents of ftx founder sam bankman fried are being sued for money they allegedlyoperly from the crypto firm ahead of its collapse. in a filing, managers at the bankrupt firm accused the couple of holding millions of dollars and of turning a blind eye to misconduct at the company. the action was filed on behalf of those owed money after the firm's failure. the fall of the company led to the arrest of mr bankman fried last year. now to smartphones in china — where a bit of a buzz has started in industry circles, after chinese tech giant huawei recently unveiled 5g phones with locally—made chips. the new phones surprised analysts who had earlier speculated that curbs on imports of mobile phone chips to china would slowdown production and roll—out of new topline smartphones. an event in shanghai this week, huawei connect 2023, sponsored by the tech giant, could give us more clues on what's next from the company. marc einstein is a technology analyst who covers huawei, and he says the company's technology still lags far behind that of its western rivals. so if we look

two more news, the parents of fg x founder sam bankman—fried are being sued for money they allegedlyimproperly from the crypto firm ahead of its collapse. managers at the bankrupt firm accused the couple of holding millions of dollars and of turning a blind eye to misconduct at the company. the action was filed on behalf of those owed money after the firm's failure. the fall of the company led to the arrest of mr bankman—fried last year. now two smartphones in china, where a bit of a buzz has started in industry circles after chinese tech giant huawei recently unveiled 5g phones with locally made chips. the new phones are surprised analysts, who had earlier speculated that the curbs on imports of mobilephone ships china would slow down production and also the rollout of the new topline smartphones. at an event in shanghai this week the huawei connect 2023 sponsored by the tech giant could give us clues on what could give us clues on what could come next from the company. mark einstein is a technology analyst who covers huawei and he told me that the company's technology still lags co

disgrace founder sam bankman-fried allegedly organized the donations of more than 5 million dollars to stanford joseph bankman and barbara fried or both professors at stanford law school and allegedly wanted to use the money to boost their professional and social status. bankman-fried's fraud trial is set to begin next month. he has pled not guilty. california senator alex padilla is introducing legislation to help make it easier for college students to access snap benefits the opportunity to address college hunger act would require schools to notify parents in work. study programs of their eligibility for benefits and provide those students with the necessary documents to a plot. only about 127,000 college students in california received snap benefits before the pandemic. but an estimated 690,000 were eligible. the bill says that about 60% of eligible students did not receive benefits mainly because of stigma, lack of awareness or the burden of the application requirements. >> coming up here at 2 o'clock, there are some changes for concert goers. the new restrictions now in place from

he says they were made at the behest of sam bankman-fried.o cooperate with the government in this case against sam bankman-fried. ryan salame had been holding out and wasn't going to, so this is a new development that he's actually pled guilty as well, agreed to forfeit $1.5 billion. i still can't figure out where the heck he got that money. but agreeing to all of that. >> it appears that none of these people are going to have prison time at all. >> that's what it sounds like, and that must have been part of the negotiation. >> clearly. >> they must be offering all this. >> i think they're all going after one guy, which is -- >> sam bankman-fried. >> right. that's its own complication. fascinating case. >>> anyway, it's due to start in less than a month, so we will have much more to talk about on that front. when we come back, though, we're going to show you what's moving ahead ofhe t opening bell. "squawk box" will be back. we earn your trust. maintain our financial strength and stability. and deliver solutions that meet complex needs. massm

both of the sam bankman-fried's parents are now being sued by his bankrupt company.aying that barbara would tell mini what causes to finance. she was worried about how that would look so she would tell mini and his team to avoid federal campaign finance disclosure rules by engaging in strong donations or otherwise concealing the ftx group as the source of the contributions. joe bankman, mini's dad, he commanded his son pay him a million dollars a year. many also demanded he get to meet larry david, which he did. mini also about his parents a house and paid for landscaping, and help to the democrats get i like that. it is all in the family. where have i heard that before? ♪ ♪ up next, the rise of carja carjackings. ♪ ♪ and breaking news about stinky sammy. ♪ ♪ (psst! psst!) ahhh! with flonase, allergies don't have to be scary. spraying flonase daily gives you long lasting non-drowsy relief. flonase all good. also, try our allergy headache and nighttime pills. oh, booking.com ♪ somewhere, anywhere... ♪ ♪ i just want to lie motionless in a chair! ♪ booking.com, booking.

sam bankman-fried has pleaded not guilty to multiple charges of fraud and conspiracy .lions of dollars on the way to fortnite players. this is from a claim in a government settlement with epic games. the company that makes fortnite agreed last december to settle a us government complaint that users were misled into making unwanted purchases. the ftc also said the game made it easy for kids to buy items without their parents consent. epic agreed to pay out $245 million in the form of refunds. so now if you've been affected by this, you can apply to get that money from the settlement fund. >> now is your morning money report. if you're looking for a job this holiday season, you may have a harder time finding one. retailers are really scaling back their only expected to add about 410,000 seasonal positions. that's the lowest number since 2008. that's according to an estimate from outplacement services firm challenger, gray and christmas. the report says retailers worry about increased labor costs and shaky consumer confidence over this holiday season. now we take a live lo

sam bankman-fried's parents, both accused of exploiting their influence on their son's company including claims they accepted a $10 million cash gift and a luxury home in the bahamas before ftx fell into bankruptcy. now the company is trying to claw back millions of dollars from them. the lawsuit claims they ignored red flags their son was committing fried. bankman-fried has pled not guilty to charges he misused customer funds he was staying at his parents' home in palo alto until a judge ordered him to jail last month. >>> president biden and ukrainian president volodymyr zelenskyy spoke at the u.n. general assembly today. the focus for both leaders, support for ukraine's fight against russian aggression. now the president of iran addressed a gathering of global leaders, and his address came as five americans landed back on american soil. alice barr has more from washington. >> reporter: president biden addressing world leaders at the united nations general assembly in new york trying to ramp up the urgency for continuing to back ukraine against a grueling russian invasion. >> if we all

blind side author michael lewis's latest book will focus on the rise and fall crypto billionaire sam bankman-fried. it's entitled going infinite. it's coming out october 3rd. and finally, as we preview some the books that are coming out this fall, i want to tell you about, one that'soming out september 26th. it's called american gun. it's abt the history of the ar 15. it's two wall street journal reporters cameron mcwhorter and sasha ellenson. and you're watching about books on booktv. and we're giving you a preview some of the books that are coming out this fall. joining us now is collette banks. the tampa bay times book. since 2007. and now joining us on booktv is collette banks. she is the book editor for, the tampa bay times. miss bancroft, we just a whole bunch of political that are coming out this fall many dealing with the 24 election and and former president trump etc. do you look at political books down in florida? yes. we're sort of awash in politics here in florida. and i do, i have one book that's definitely on my list that i am looking forward to, and that's martinborough and my book

fourth top ftx executive has pled guilty to criminal charges in the fraud case against founder sam bankman-friedcould be sentenced to up to ten years in federal prison. the admission comes less than one month before bankman-fried is set to begin trial in a federal court for charges including wire fraud and conspiracy. >>> and gatorade is introducing a new less colorful beverage to its lineup -- water. the pepsico-owned brand is trying to break into the functional water category with this version that's unflavored and infused with electrolytes. the company says gatorade water was developed to support all-day hydration for active people. it hits shelves next year. >>> that's your cbs "money watch" report for this friday morning. i'm shanelle kaul, cbs news, new york. >>> coming up, chaos at the u.s. open. protesters delay the women's singles semifinal for close to an hour. what they were fighting for. an hour. what they were fighting for. toto duckduckgo on all your dee duckduckgo comes with a builtlt-in searchg but it doesn't spy on your sec and ouour browser blocks creey ads that f follow you u

tuesday sam bankman-fried's fraud trial begins. wednesday adp private payrolls.other round of job numbers thursday. friday the september jobs report could be delayed by a government shutdown. look at the estimates. from what we could get you are expected to see less headline jobs, fewer headline jobs added. the unemployment rate actually down a little bit. the jobs report may not be the only economic release affected by the shutdown. all these releases are vulnerable. all of them are very important especially thinking about cpi. you think about retail sales, etc.. again, we will see where we end up. and, what we are talking about this time next week. from new york, that does it for us. same time same place next week. this was bloomberg real yield and this is bloomberg. and this is bloomberg. ike changing tax rates or filing returns. avalarahhh ahhh i don't want you to move. i'm gonna miss you so much. you realize we'll have internet waiting for us at the new place, right? oh, we know. we just like making a scene. transferring your services has never been easier.

the parents of found sam bankman-fried. they are now facing legal troubles of their own.an and barbara freed live in palo alto. the company's current leaders are suing them, accusing the parents of fraudulently misappropriating millions of dollars from ftx. in a statement, the couple's attorneys deny the claims. it claims the legal action is an attempt to undermine their son's trial. just days before it's set to start. sam bankman-fried has pleaded not guilty to multiple charges of fraud and conspiracy. >> millions of dollars are coming back to fortnite players , or at least the parents of children who play fortnite epic games. the company that produces fortnite has agreed to settle a us government complaint that users were misled into making unwanted purchases. the ftc accuses the game of making it easy for children to buy items without parental consent. epic games will now pay out $245 million in the form of refunds. affected users will soon receive a claim number from the ftc that they can use to apply to receive money from the settlement fund. vanna white is going to

the parents of ftx's disgrace founder sam bankman-fried allegedly organized the donations of more than 5 million dollars to the university. joseph bank been and barbara free to both professors at stanford law school and allegedly wanted to use the money to boost their professional and social status. bankman-fried's fraud trail is our trial, rather is set to begin next month. he so far has pleaded not guilty. >> still to come, the new deal from california's insurance commissioner that make sure you can get coverage for your you didn't choose cat allergies. your hairline. or that thing where your knee just gives out for no reason. but... you can choose your doctor who will care for all the things you didn't choose. kaiser permanente for all that is you. it's started. it's... the side hug. tween milestones like this may start at age 9. hpv vaccination—a type of cancer prevention against certain hpv-related cancers, can start then too. for most, hpv clears on its own. but for others, it can cause certain cancers later in life. you're welcome! now, as the “dad cab”, it's my cue to help prot

the parents of ftx founder sam bankman—fried are being sued for allegedly holding millions of "fraudulently misconduct at the company. bankman—fried's father served as an adviser to ftx and his mother helped direct her son's political donations, according to filings. attorneys for the parents said the claims are quote "completely false." us presidentjoe biden�*s son, hunter, will plead not guilty to three criminal charges relating to a gun purchase he made in 2018. that's according to his lawyer. the younger biden was indicted last week for possessing a gun while he was an illegal drug user and lying to buy it. if convicted, he could face up to 25 years in prison. a russian court declined to hear an appeal from wall streetjournal reporter evan gershkovich — returning the motion to a lower court. gershkovich has been detained in a moscowjail on espionage charges for nearly six months. if convicted, gershkovich faces up to 20 years in prison. you're live with bbc news. azerbaijan's armed forces have launched what they're calling an anti—terror operation in the disputed region of nagorno—karab

sam bankman—fried's company crumbled in november — leaving investors with significant financial losses a five—month strike. the united nations has found what it says is �*continuous evidence' that russian armed forces are committing war crimes in ukraine. the un is delivering a report now to the human rights council in geneva, detailing unlawful attacks with explosive weapons.

former cryptocurrency billionaire sam bankman—fried will remain injail until his fraud trial set fored had his $250 million bail revoked last month after a judge ruled he had attempted to tamper with two witnesses including his former girlfriend and business partner caroline ellison. she has pleaded guilty to fraud and is expected to testify against him over the collapse of the ftx crypto exchange a year ago. coming up — growth out of sight. how laser eye surgery has turned into a multi—billion dollar business. around the world and across the uk. this is bbc news. when i'm on the mat, it is a blur. i love the pressure. pressure is like rocket for me. i use it and channel it.- i use it and channel it. tom's drive to the _ i use it and channel it. tom's drive to the top _ i use it and channel it. tom's drive to the top of— i use it and channel it. tom's drive to the top of the - i use it and channel it. tom's drive to the top of the world | drive to the top of the world rankings has been fuelled by dedication and discipline. i started by winning a medal, and i thought — 0k, started by

, about 410,000 compare >>> ftx is looking to claw back millions of dollars from the parents of sam bankman-fried the bahamas. >> and chuck schumer allowing senators to wear whatever they want on the floor. the move is done to accommodate the casual style of newly elected senator john federman. my father worked on capitol hill for 35 years i don't think he ever went to work without a coat and tie in the hottest days of washington summers i have all the sympathy in the world for senator federman >> when we went into the capital i couldn't wear a sleeveless outfit i wonder if that still applies or not. >> times are changing. >> sorry about being an old fudd dy dud dy. >>> welcome to closing bell i'm mike santoli in for scott wapner less than 24 hours before the fed decision as wall street debates whether the consumer and economy can handle what the bond markets are throwing at them major indexes up from midday lows you see the dow down .5%, the s&p 500 down .75%. 5.

sam bankman—fried's company crumbled in november — leaving investors with significant financial losses a wrap. us screenwriters reach a tentative deal with studio bosses , deal with studio bosses, which could end a five—month strike. the united nations has found what it says is �*continuous evidence�* that russian armed forces are committing war crimes in ukraine. the un is delivering a report now to the human rights council in geneva, detailing unlawful attacks with explosive weapons. we will go to that shortly. i'll i�*ll correspond is a close eye. just take us through the evidence that they are laying out. this take us through the evidence that they are laying out.— they are laying out. this is evidence _ they are laying out. this is evidence that _ they are laying out. this is evidence that they - they are laying out. this is evidence that they have i they are laying out. this is - evidence that they have gathered from march of this year until now. what is interesting about this is that we had the previous report delivered in march which already contained evidence of war crimes, po

the managers of the bankrupt crypto exchange ftx are suing the parents of sam bankman-fried.he expense of its victims. ftx fell apart last november with $8 billion in debt and what prosecutors allege it was one of the largest financial frauds in u.s. history. -- accidentally caught a glimpse of microsoft's future video plans after the tech giant mistakenly provided confidential information to a federal court website. the details are part of the ftc antitrust lawsuit of their takeover of blizzard. including unannounced gains and a refreshed xbox console. that information has since been removed. thanks including city, and others are set to be looking into financing a $15 billion program to protect indian ocean habitats. one of the environmental groups behind the push say the banks have discussed bonds and circled nature spots. it would feed into the great blue wall initiative which is also backed by the united nations. shery: take a look at how some of the stocks we are watching ahead of the market opens in hong kong and mainland, country garden before passing a initial debt de

the former co-ceo of the exchange's bahamian subsidiary and a close ally of founder sam bankman-fried admitted to conspiring to make unlawful contributions and defrauding the federal election commission. he agreed to forfeit more than $1.5 billion in connection with the plea deal and has been released on a one million-dollar bond ahead of sentencing. bank run-freed -- bankman-fried will be tried in a month. the eurozone grew less than expected in the second quarter, adding to gloom about the state of the economy. gdp rose only 0.1% in the three months to june after fresh data showed poor performance for exports, forcing a downward revision in overall growth numbers. it also reflects cuts in gdp estimates by several eurozone members. the cuts come a week before policy members at the european central bank either to decide if another interest rate increase is warranted to tame inflation. taking a look at how wall street fared this thursday as concerns resurfaced over the federal reserve's interest rate policy path. the tech-heavy nasdaq lead losses, down about .9% of the close after shar

. >>> and bankruptcy crypto exchange ftx is suing parents of founder sam bankman-fried saying that theyed millions from the company. the lawsuit aims to recover funds that were fraudulently transferred and misappropriated by joe managebank dman and barb freed. trial scheduled for october 3. >>> archaeologists have found new treasures off egypt's mediterranean coast. the discoveries were made at the site of washat was once a thrivg port city. among objects found, silver instrument, gold jewelry and fragile containers for perfumes. the site also includes a temple to a god where fapharaohs came receive their titles as universal kings. >>> and thanks so much for joining me he. "early start" is next. every business deserves a great deal. that's why comcast business is launching the mobile made free event. with our business internet, new and existing customers can get one year of unlimited mobile for free. it's our best internet. powered by the next generation 10g network and with 99.9% reliability. plus one line of free mobile for an entire year. it's the mobile made free event-happening now

for managers of the bankrupt crypto exchange ftx suing the parents of sam bankman-fried.y accuses them of receiving millions of dollars at the expense of its victims. ftx fell apart when $8 billion of debt, and what cost -- prosecutors allege was one of the largest financial frauds in u.s. history. consumers accidentally carted limbs of microsoft's future giving to games -- future videogame plans. they details were part of the ftc's antitrust suit against the takeover of activision blizzard including unannounced games and a refreshed console. information has since been removed. next on daybreak australia, hearing more from our exclusive interview with the indonesian president. ♪ hi, i'm jason. i've lost 228 pounds on golo. so when my doctor told me i needed weight loss surgery, i knew i had to make a change. golo's helped me transition to a healthier, sustainable lifestyle. i'm so surprised just how crazy my metabolism has fired up. i have a trust in golo 'cause i know it works. golo isn't like every other program out there, and i'm living proof of it. (announcer) change

disgraced founder sam bankman-fried allegedly organized the donations of more than 5 million dollarsuniversity. joseph bankman and barbara fried are both professors at stanford law school and allegedly wanted to use the money to boost their professional and social status. bankman-fried's fraud trail is a trial, rather is set to begin next month. he is pleaded not guilty. and that were crisis affecting californians living in fire-prone areas, including right here in the bay area in recent months. several major home insurance companies that either limited or pause their businesses in the state leaving many california is just scrambling to try and find coverage. but as our capitol correspondent eytan wallace tells us, state leaders announced new actions they say will. >> guaranteed homeowners stay protected. >> you're looking at an executive order just signed by governor gavin newsom for the governor. document allows insurance commissioner ricardo lot of to rapidly take action in response to the state's growing homeowners insurance crisis. in the last year and a half 7 of the 12 major h

. >> sam bankman-fried had numerous meetings with gary gensler, and then something like this happens, the sec goes after coinbase but doesn't go after ftx because coinbase, after they go through the ipo process, you know essentially what's under the hood. liz: right. >> this is a bizarre way to regulate this industry which isn't going away. liz: does this mean for spot bitcoin etfs that that they're going to hold everybody up so they can make everybody catch up and be happy and then -- >> my view,they're like, you know, wringing their hands on this product which is essentially all but approved because they're allowing futures etfs out there, right, for qualified investors, they're never going to approve a spot bitcoin etf. i know, listen, larry fink is very plugged in in the biden administration, i'm sure he's making calls, but i don't think that's ever going to happen. liz: it sure is interesting that the others watched and saw you finish the. >> saw you. it's your red hair that caused them to freak. it just glowed -- liz: red heads have that effect. [laughter] charlie -- >> it's fr

and exchanges that are completely regulated and monitored and you don't have to go to sam bankman-friedsaid. if the sec turns around and says we don't like crypto, and if you have a spot etf, it's mainstream. but futures are for samiest indicated net worth and take retail out and if i want my bitcoin, it's almost like stopping and hate to compare to marijuana use and -- kelly: i'm going to pause you there. might as well legalize it because you're going to do it anyways. kelly: wise words from charlie gasparino. >> who does not smoke pot. for the record, i do not smoke pot. kelly: okay, we have it on the record. charlie, thank you. the closing bell rings in just about four minutes and major averages looking to close out a winning week here. the dow up more than 1% and s&p 500 up 2.5% and nasdaq up 3% and again the nasdaq may get six days of wind in a row and a wrist of net works getting a boost of nearly 9% and the software buying on the neutral benefits from what else, artificial intelligence boom and our count down closer is also hot on the stock. so joining me now is the entrepreneur

yes, less than two weeks until sam bankman-fried's fraud trial begins a new suit now targets the allegedo-currency parents. the team is suing the stanford law professors and the filing surprises political link. the suit highlights ftx's father bankman served advisers major left wing dark money group. arbella is denying any connection with fbf's father instead blink subsidiary. mr. bankman has never had any role with arabella advisers. a vendor to the new venture fund it. briefly worked with the ftx foundation to provide administrative services. the suit looks to claw back 26 million in gifts and luctionry relationship alleging ftx exploited to enrich themselves. for example ftx mother barbara freed allegedly advised her son to violate campaign finance laws by using a strawman to don't to campaigns. many perks privately chartered jet and giving donations to stanford which the school is now returning. when bankman was unhappy with his ftx valerie he pressured his son continue to crease it to $1 million. the lawsuit this email where he calls on ftx mother for support gee, sam, i don't know

. >>> ftx is suing sam bankman-freed's parents. it claims they misappropriated funds.pt to undermine the jury process just days before the fraud trial begins kelly, back to you >> thank you very much >>> coming up, housing starts are at historic lows and mortgage rates are rising. what is the real story with real at'sexte th nt. somebody would ask her something and she would just walk right past them. she didn't know they were talking to her. i just could not hear. i was hesitant to get the hearing aids because of my short hair. but nobody even sees them. our nearly invisible hearing aids are just one reason we've been the brand leader for over 75 years. when i finally could hear for the first time, i could hear everything. try miracle-ear hearing aids with no commitment during our limited time sounds of autumn event. call 1-800-miracle now. ♪ ("drumroll" by lónis, little league ) ♪ ( ♪ ♪ ) ♪ this just in ♪ ♪ got the keys to what you want and what you need ♪ ♪ something new something sweet ♪ ♪ moving to a different beat ♪ ♪ okay now (what?) ♪ ♪ can i get a (get a) drum

. >> sam bankman-fried allegedly organized the donations of more than 5 million dollars to the universityseph bankman and barbara fried are both professors at stanford law school and allegedly wanted to use that money to boost their professional and social status. they could freeze. fraud trial is set to begin next month. he has pleaded not guilty. going green for this year's iphone launch of its not just the color of the phone that we're talking about. rich demuro explains in today's tech smart. >> iphone 15 models are now available. we're going to get them connected, activated and ready to call right here in the store. one of the most common questions is whether to go to your wireless carrier or to the apple store. anything you can do it, your carrier. we can do that at the apple store this year for new models of the iphone 15 and although green is a color choice, it's also a major push from apple to make its products carbon neutral by 2030, on the form on those use, more recycled content ever before, including 100% recycled cobalt in the is a plus for apple's iphone 15 15 plus have a n

the parents of ftx disgraced founder sam bankman-fried allegedly organized the donations of more than 5 million dollars to the university, justin bateman and barbara fried or both professors at stanford law school. they wanted to use the money to do professional social status. bankman-fried's fraud trial is set to begin next month. he's pleaded not guilty. well, several bay area schools, they were included in this year's national blue ribbon schools recognized by the department of education for their overall academic performance and the progress in closing achievement gaps among students. those schools include john hall chan elementary school, jose ortega elementary school and you all elementary school in san francisco unified school district and middle college high school in san pablo, national blue ribbon school award recognizes efforts of students, educators, families and communities. all right. coming up on the kron, 4 morning news officials in the east bay are addressing that toxic martinez refinery released last year. we'll be right back. contra costa county's health. there are

. >> it's the third time attorneys for sam bankman-fried lost a request to have him released. once ranked among the richest people in the world, the son of two stanford professors was arrested on wire fraud securities fraud and money laundering. he pleaded not guilty in august. jury selection begins on tuesday. >> now to the work to build a better bay area. public safety was one of the top issues discussed by city leaders this afternoon at san francisco. so from the drug overdose crisis to armed security guards and gun violence, abc7 news reporter tara campbell is been listening to the meeting throughout the afternoon. she joins us live in the newsroom with her takeaways. tara, what stood out to you? >> yeah, julian. >> well, traffic safety was among the many concerns this afternoon. a recent report showing citations dropping drastically over the past several years. this as the number of pedestrians being killed is on the rise. and today, supervisors wanted answers. san francisco supervisors want answers from the police traffic citations plummeting and pedestrian fatalities on

disgraced crypto billionaire sam bankman-fried's trial starts one week from if today.out the future of crypto businesses and so much more. closing bell, 13 minutes away. "claman countdown" is coming right back. right back. ♪ ♪ th the money i saved, i started a dog walking business. i was a bit nervous at first but then i figured it's just walking, right? [dog barks] oh. no it's just a bunny! calm down taco. sit duchess. stop! sesame no no. archie! walter don't, no, ahhhh. ahhhhh! you're lucky you're so cute. only pay for what you need. ♪liberty. liberty. liberty. liberty.♪ . . ♪ unnecessary action hero! ♪ -missing punches? -unnecessary! -check reversals? -unnecessary! -time sheet corrections? -unnecessary! -unentered sick time? -unnecessary! -go! -unnecessary! -go! -unnecessary! -when you can take this phone, you'll be ready. -make the unnecessary, unnecessary. let your employees do their own payroll. about a cashew farmer from mozambique named carlos. carlos lifted himself out of poverty with the help of techoserve. go to technoserve.org and see how you can support st