sam bankman-fried. i'll explain why in a few minutes. any word on when we could have an extradition and when sam bankman-fried could be back on american soil? >> a lot of the timing depends on the u.s. and bahamas coordinate on this so far, all signs point to the fact that the bahamian government is cooperating. sam bankman-fried hasn't been convicted in the bahamas yet or charged in the bahamas the prosecutors had to provide an arrest warrant and provide information to the bahamas that sam bankman-fried committed a crime. the attorney general in the bahamas said last night that once a formal request for extradition is made by the u.s., they have every intention of promptly moving the process along. that extradition process when everyone is in agreement doesn't move quickly i spoke with a former federal prosecutor who says this can take weeks to complete and in part because we don't know if sbf will fight extradition the justice department would not have charged this case unless they were confident they could extradite him. thing are mov

five other committee members got cash from sam bankman-fried.n hoven will send it to whatever reimbursement program set up and dick durbin and teen tina smith will give away to the non-profit but cory booker has not responded to multiple emails and he brushed off the question when we asked about it in person. in the interview with andrew ross sorkin yesterday, sam bankman-fried defended his donations. >> i wasn't viewing it as a partisan exercise. most of this was not donating to one party to beat the other one p in the general elections here. >> reporter: frank, he said he spent most of the money in primaries and focus was on p pandemic politics. >> andrew actually asked him were you trying to buy influence. his answer doesn't matter for today's hearing. the question is are these senators going to face questions or possibly congress member or people he donated to questions if he was able to innfluence whn it comes to cryptocurrency >> reporter: frank, he did not have anything before congress to regulate there was no application he had an applic

thank you, sam. sam: thanks for the question.t is a great one and you can spend books discussing it and it is a very valid question. i would say free-trade -- like everything in life, is about trade-offs. it's how you respond to those trade-offs that is crucial. we lost many jobs because of that and we also gained many jobs because of that. we have a lot of people working in different industries that never would have been there before. you have communities that did very well, particularly in the west. certain parts of the atlantic coast as well. various places, austin, texas, places like that. you also find places that were hammered, just hammered by this and the problem that i think took place was we didn't see it as important to deal with that. my feeling was i think this is largely true -- the jobs that left to mexico might well have left elsewhere as well. i don't think, however, we ever did enough to see what we could do as a culture or as a country to prevent those jobs living in the middle of free-trade. i don't see that w

here is a reminder of who sam bank read is. -- sam is.x was the largest crypto in shea -- exchange allowing customers to sell and buy bitcoin which was nearly valued at 30 billion pounds but it filed for bankruptcy last nth. joe spoke to sam bankman-fried last wednesday in the u.s. where he admitted to mismanaging ftx. joe: are you incompetent or competent? sam: i did not think i committed fraud. i did not want this to happen. i was certainly not nearly as competent as i thought i was. ross: ftx had a sister company owned by sam bankman-fried. a hedge fund called alameda research. when allegations says that he used customer funds alameda research afloat. sam bankman-fried denies this. caught u in this are the ftx users, an estimated 1.2 million. they used ftx to create -- to trade cryptocurrencies. they do not know what will happen to their mon that they kept within ftx. the new chief executive of ftx has been giving evidence the politician in washington. >> the collapse appearto stem from absolute concentration of control in the hands of

welcome back, sam. still raising out by the baggage carousel. >> so his focus on diversity to blame for hiring the thieso f from baggage claim sam brinton.o the non binary. the thirty five year old deputy assistant secretary for spent fuel and waste disposition at the department of energy's office of nuclear energy and. du we could have run mypilloww commercial in between saying that job title, my socks. well, he's facing new grand larceny charges after allegedly stealing a suitcase at the las vegas airport. now, if memory serveairps merre, correctly, which it rarely wh week wwas just last when we told you sam was on leave from there, from his job, her job for snatching another woman's luggage and meeting at minneapolis. and that incident, sam, denied the theft, then later coppedteri to saying it was a mistake.a we didn't buy it. conte but typically the contents will let you know if you gotwilu the wrong bag. sam but in sam's case, he claimed the clothes were his also print.. never checked a bag before.

sam: yes, but deaths are around 700.rs can be anywhere from 300 to 2 million, and that is difficult to pin down because of people's behavior. francine: thank you very much, sam fazeli. that is it for the european market open. "surveillance: early edition" is up next. we will have a full round up of what we can expect with u.s. cpi later today. this is bloomberg. ♪ >> this is "bloomberg surveillance: early edition," with francine lacqua. francine:go

but in sam's casey claimed the clothes were his?checked his bag che before the flight which makes walking off with a bag mighty strange, so true brilliant man.n brilliant, tall, gorgeous man. according to the local las vegas news it is unclear when the new crime occurred but although the biden white house seem to forgo the vetting process due to sam's non- binary insert sexual appeal, evenr allies in the gay community or onto the alleged criminal scams.lg lgbtq nation is now questioning whether sam's outrageous story it was always too good to be goo true. but it missed all the red flags was sam brinton, i recommend you never try bullfighting. according to the peace samhe claimed to be a conversion therapy survivor or more holes in that story than sam's fishnets. she writes the author the red flags were overwhelming and obvious.t is sam a fabulous or legitimate survivor after 12 years i cannov definitively say. but we could definitively not say definitively. [laughter] what we ca forn say for sure sau into kinkypp poppy play doesn'tu

sam bankman-fried that is.these lawmakers leaning heavily on what john ray had to say, who has rarely minced words. let's play a little more of what he had to say during the testimony. john: literally, there is no record-keeping whatsoever. in the absence of record-keeping, employees would communicate invoicing and expenses on slack, which is a way of communicating for chat rooms. jon: ben, let's bring you into the conversation. the fact that you have the criminal charges last night, the arrest last night and then this morning the action by the sec. can you walk us through what we know about the sec's path towards their point this morning? ben: yeah, that's right. things really started to unspool last night. the attorney general announced they had arrested sam bankman-fried in the bahamas, where he had been living. this was after the u.s. criminal authorities, the manhattan prosecutors effectively, had filed an indictment. we saw that indictment unsealed moments ago with a charges. the sec early this morning in

so sam had a really good season. he finished second to shoeless joe in stolen bases during the league. he was first in sacrifice heads. shoeless joe like, you know, you would expect, led the league he had 393 but the crazy thing is and i learned from the bethlehem booster newsletter if you can imagine shoeless joe actually said that hitting and the steel leg was harder than hitting in the american league because because he was facing pitchers. he didn't know. and because the rag tag schedule and all this. so the very same that steelton beat bethlehem, the steelers, the championship shoeless joe was playing in the baker bowl and fell which was home to philadelphia phillies back then. he was playing for shipyard league championship. so his team that day. i love this fact that they hit two home runs to help his team, a shipyard team win the championship. the workers and the box seats, the steel workers showered him with towels, bells. oh, he ran the field, scooped up 60 bucks. 60 bucks in 1918 was a royal. ryan said and

i make christmas cards even bothering to send sam? bothering to send sam?— inside. i make christmas cards even bothering to send sam? i sent 11, my final one which _ bothering to send sam? i sent 11, my final one which i'm _ bothering to send sam? i sent 11, my final one which i'm hoping _ bothering to send sam? i sent 11, my final one which i'm hoping makes - bothering to send sam? i sent 11, my final one which i'm hoping makes it l final one which i'm hoping makes it and feeling — final one which i'm hoping makes it and feeling quite guilty for not being — and feeling quite guilty for not being more organised. i tend to not, people _ being more organised. i tend to not, people going down the christmas card wrote and _ people going down the christmas card wrote and they brought forth the date and — wrote and they brought forth the date and a warning to be careful that they — date and a warning to be careful that they don't arrive on time and really— that they don't arrive on time and really get — that they don't arrive on time and re

a source close to the team says sam bankman-fried is wheels down flying commercial.ting guidance >> we know two of sam bankman-fried's associates, gary wang and caroline ellison, are now cooperating with federal prosecutors after pleading guilty to felonies what about some of sbf's other lieutenants? will we see indictments for his associates within ftx? >> reporter: you have three other players in the empire to look out for ryan salame. he went to regulators two days before the bankruptcy. he said that the only three people who had the authority to sign off on possible fraud lend transfers from ftx to the hedge fund at alameda. sam trabucco had been leading alameda before resigning in august he has been quiet on twitter last time we saw a post was november 8th as the empire was unwinding saying the past few days had been dark it is unclear if any back channelling is happening >> then finally, mac, does sam bankman-fried have room to cooperate with prosecutors >> reporter: now sam bankman-fried is back on u.s. soil, he doesn't have leverage unless he has intel on oth

but in sam's case he claimed the clothes were his.o, he never checked a bag before the flight which makes walking off with a bag mighty strange. so true, brilliant man. brilliant tall, gorgeous man. according to the local las vegas news, it's unclear when the new crime occurred, and although the biden white house seemed to forego the vetting process due to sam's nonbring their intersectional appeal even allies in the gay community are on to the alleged criminal scams. lgbtg nation is now questioning whether sam's outrageous story was always too good to be true but if you missed all the red flags with sam i recommend you never try bull fighting. he planned to be a conversion therapy survivor but there are more holes in that story than sam's fish nets. writes the author, red flags regarding britton were overwhelming and obvious. is sam a fab uist or legitimate survivor after 12 years? i can't definitively say. but we could definitively not say definitively. but we can say for sure that sam is into kinky puppy play. that's when you get a

sam denied the theft and then later cops to it.gage than brittney griner. why is the media reluctant to report this story? because brinton checks the intersectional boxes or because it's hard to remember if the pronouns are they, them, or "come back with my suitcase, you cue ball freak." probably i will just stop there. because it gets work. morgan, clearly you stole bernie's luggage. isn't this the best story? it's so weird. >> morgan: it's really weird. sam makes a lot of money. i think he goes by they. they make $180,000 a year. >> greg: being a they, he's got to share it. >> morgan: almost 200 grand a year, that's a lot of money. doesn't need to steal suitcases. i had mine stolen in detroit a year ago, i was so pissed. it's just rude. i hope they don't have security clearance anymore. >> greg: did they find out who stole what? >> morgan: no. >> greg: let me tell you, it was probably sam brinton. the alts the odds are on old sticky fingers sam. jim, like you, i am not interested in kink shaming. i don't care if he likes to like

sam walton and retail always.but sam walton ohls -- always kept wages for hourly workers down as low as possible. it was a huge part of the formula for having low prices for customers. he himself acknowledged in his autobiography that he could be chintzy, was his word, with his frontline workers. but he offered profit sharing and the company was small then. he did not have nearly 2 million workers, it was much smaller. like a lot of companies, if you got in early and stock was growing well, you could invest your money and walmart stock as part of the profit sharing plan and people did quite well. it was also a straight cash profit formula that allowed you to share in profit and made wages for people who otherwise would have been really struggling more tolerable but also gave them an ownership mentality in the business, which was helpful. susan: how important is bensenville, arkansas to walmart's culture? rick: quite important. we have seen lots of companies move corporate headquarters over the years. boeing had su

bankman-fried were giving and not just sam, but those working with sam, i think they probably were expectingething in return. i think that's a very different philosophy when an individual like me or somebody within the crypto community or blockchain association pac, we do that to build relationships and get to know policy icypolicymakers when you give tens of millions of dollars, you expect something in return. >> you do it this way. they did it this way kristin, thank you >> buying influence. >> he just lhad more money >> k street. kristin, thanks. >>> taylor swift fans getting a second chance to buy tickets after the public sale was can canceled we have the latest coming up. >>> and follow the squawk pod on your favorite podcast app and listen any time. we're right back to adapt in a ft changing world, you could hire a professional pit crew. go, go, go. sorry. nope. okay. fresh donuts - hot coffee! they deliver real time data and business forecasts when you need it. i think it was fine how it was. (air tool sound) to help you stay ahead of the curve... or you could use workday. the finance

so sam had a really good season. he finished second to shoeless joe in stolen bases during the league. he was first in sacrifice heads. shoeless joe like, you know, you would expect, led the league he had 393 but the crazy thing is and i learned from the bethlehem booster newsletter if you can imagine shoeless joe actually said that hitting and the steel leg was harder than hitting in the american league because because he was facing pitchers. he didn't know. and because the rag tag schedule and all this. so the very same that steelton beat bethlehem, the steelers, the championship shoeless joe was playing in the baker bowl and fell which was home to philadelphia phillies back then. he was playing for shipyard league championship. so his team that day. i love this fact that they hit two home runs to help his team, a shipyard team win the championship. the workers and the box seats, the steel workers showered him with towels, bells. oh, he ran the field, scooped up 60 bucks. 60 bucks in 1918 was a royal. ryan said and

whatever the long name of the drug >> i imagine >> not sam bankman-fried >> no, no, no. >> sam, i am> in the longer response, he said some people may have prescriptions from doctors or different things he extended beyond that. >> that's where it is troublesome. if you are going to parse, you know, you will be able to deny something based on illegal or legal. you are abusing legal drugs. >> the complicated this is no governance i'll say it over and over. no cfo no board the venture capitalists were not minding the store because the of the business model was not to mind the store that takes away from what ultimately happened here he owned both entities the hard part that people struggled with yesterday as we had the conversation is he took very little responsibility for what he said was happening at alameda. although he owns a majority of the company. >> said he did not know they were comingle. sd >> he said he didn't inte intentionally comingle >> doesn't someone sign or press the button >> if no one is controlling that, he is the person in charge he didn't put anybody in charge of th

kristen: all right, so what is next for sam? the hearing will be next week by the house?ould he be testifying? liz: unclear. i'm not sure. kristen: what about his parents? they have property in the bahamas. will they be implicated in this? liz: that is unclear, but i think they said the property was not owned and would be the property of the company, either ftx or alameda research. kristen: super intriguing. a lot more to come. thank you for joining me. liz: thank you for having me. kristen: you can check out the other regional porting on the san francisco standard online and we will bring you more segments featuring the city-focused journalism twice a week right here on getting answers at 3:00. when a truck hit my car, the insurance company wasn't fair. i didn't know what my case was worth. so i called the barnes firm. i was hit by a car and needed help. i called the barnes firm, that was the best call i could've made. i'm rich barnes. it's hard for people to know how much their accident case is worth. let our injury attorneys help you get the best result possible. ♪ the

where do you think this goes, sam? >> well, i think the fed is, you know, trying desperately to makeup for the fact that it was very behind the curve. i mean, we over did it with stimulation. what was it, $7 trillion of additional, you know, debt borrowing in a relatively short period of time? i think the feds got a lot of work yet to go to get things under control. i don't think they are under control now. i wouldn't make too many assumptions about interest rates going down, because i think they have to go up and stay up for a while if we're going to infect get our hands around this tiger called inflation. neil: so they have to go up and stay up for a while. this idea that we get fed funds to 5%, that's not going to do it , is it? >> i don't think so. i think that the answer is there is the headline rate enough to discourage people or make them value what they should or shouldn't do? i think that probably 5% is the minimum necessary to slow the pace of inflation, and it's probably going to require something above that

who is sam bankman-fried? is considered as bengali, and i was wearing shorts in prison. >> yeah, sam bankman-fried was sort of the epitome of a good guy crypto. this is an industry that many saves for, scammers and to some extent, is here's a guy want to make it more ethical, shiny, or he built a better exchange, supposedly, they're supposed to take crypto trading and making a battle for wall street. that appealed also to d. c., and many people across the u. s.. the willis of crypto on wall street, and as we know that is basically a sham. >> we're not, oh it's one thing if crypto goes down. . , wagner gotta, they're trying, dramatic. the, point dan lopez made a career, as an activist investor. none of these backers, spent one minute of time doing due diligence, and no one note of sleet and even have an accounting department? the new ceo have said this is old school embezzlements. aren't these backers gonna be liable for something, i could've sworn they were noticed fiduciary's. >> i think this is gonna spawn a

police in the bahamas have arrested the former ceo of the cryptocurrency exchange ftx, sam bankman—fried's also known as sbf. that's after the bahamas received formal notification from the united states of criminal charges against him in connection with the collapse of ftx in november. it's now likely the united states will request his extradition. david willis, our north america correspondent, is with us. what do we need to know about this? ~ ., , , ., this? the attorney general in the bahamas, _ this? the attorney general in the bahamas, has— this? the attorney general in the bahamas, has issued - this? the attorney general in the bahamas, has issued a i the bahamas, has issued a statement a short while ago in which he talks about the arrest of sam bankman—fried, he says it follows receipt of formal notification as puts it from the united states, that it, the us has filed criminal charges against sam bankman—fried and is likely to request his extradition, the statement goes on to say as a result of the notification received on the us and the material prior bided there whether it was de

police in the bahamas have arrested the former ceo of the cryptocurrency exchange ftx, sam bankman—fried also known as �*sbf�*. that's after the bahamas received formal notification from the united states of criminal charges against him in connection with the collapse of ftx in november. it's now likely the united states will request his extradition. our correspondent david willis has been following these developments from los angeles. the attorney general in the bahamas, a man called ryan pinder, has issued a statement a short while ago in which he talks about the arrest of sam bankman—fried, and he says it follows receipt of formal notification as he puts it from the united states, that it, the us, has filed criminal charges against sbf and is likely to request his extradition, and that statement goes on to say "as a result of the notification received on the us and the material provided therewith, it was deemed appropriate for the attorney general to seek sbf�*s arrest." now this is a sealed indictment from prosecutors in new york, the details of which have not been made publicly avai

if it's okay to treat sam bankman-fried like another naughty celebrity -- sam bankman-fried, everybodyplause, applause -- if you can do that, then who's off limits? who's beyond the pale? well, as it happens "the new york times" spent the last few days telling us, delivering yet another hyperventilating lecture about who we're allowed to associate with and who we must avoid at all costs. it depends on political loyalty. some people, "the new york times" explained, have views that are so reprehensible, they're off limits. you can't be in the same room with them, talk to them, ask them questions. their opinions are like smallpox, communicable and deadly. these are the thought criminals. thought crimes are the only crimes that matter. other crimes, not such a big deal. murder, rape, carjacking? no. as "the new york times" has often told us, people who do those things are the victims of your racism, so they deserve compassion. by the way, so do good liberals, can always be forgiven, even when the things they've done are objectively very, very bad like tanking the u.s. economy or stealing b

sam bankman-fried due in court today.hearing his lawyers tackle the issue of extradition to the united states. >>> let's get a look at the trading day is shaping up after stocks extend the losing streak yesterday. futures are mixed. s&p in the red it looks like implied open down five points. dow jones industrial average is up 8 you have the nasdaq down 26 points joining me now is john stoltzfus and jenny gilman john, we got the breaking news from the bank of japan that will tweak the cap on its yields for the 10-year. can you explain why we were seeing global bond yields spike after that announcement? >> hi, contessa. thanks for having me on the show this morning i have to say what you have seen around the world is central banks tightening and the outliar is the bank of japan the process of moving with the others really simply means that it is now all the majors in the process of hiking rates. ulti ultimately, it is a positive thing because it is the end of free money free money raises speculation. high leverage. momentum

sam bankman-fried will appear in the second panel.rms of the structure we will kick off at 10:00 a.m. in washington on tuesday. the first panel should last sometime around 1:00 p.m., the second will start 90 minutes later. the timing is fluid because you need to keep in mind that there are no hard stops in the hearing. we don't know how long how short the questions will be going. haidi: we have a sense of what the ceo will say? anabelle: we have prepared comments, released by the house financial services committee. it echoes what we have heard from the ceo in the past. he has been critical of sam bankman-fried and the operations at ftx. this is a seven-page statement. this is a quote we can see. he's saying that this is the product of power that was concentrated in the hands of a very small groups of people, that didn't have much experience, know-how, sophisticated trading practices. what we have heard from sam bankman-fried, he has given some light on what he plans to discuss, focused on the u.s. division, the pathways that could hel

attorney bringing charges against sam bankman-fried.rlie gasparino. >> alameda was the hedge fund. ftx was the crypto exchange. what is interesting about this whole thing, if you listen to sam bankman-fried during his media tour, which i think they were really too softballish, but that is a whole other conversation, howie kurtz at some point but, he seemed to blame everything on the people running alameda, not him running ftx. even though he ownses 90% of alameda he wasn't running it and should have been running it. he seems to point the finger his ex-girlfriend, the woman who lived with him caroline ellison, ceo of alameda even though sam owns 90% of it. what we understand, what we understand, what a lot of white-collar attorneys are saying to me today, saying to my producer as they're reading the indictment, as they're doing more research, listening to our reporting, if you reed the indictment closely there is cooperator. the cooperator they're pointing to is caroline ellison. you have to read tea leaves on this thing. some of the stu

. >> disgraced ftx co-founder sam bankman-fried is returning to his roots. the details now emerging about where he will be confined and the record-breaking bond for his release. >>> calls for unity in the coming year as u.s. lawmakers work overtime to pass a funding bill. the work being done ahead of a make or break deadline. >>> meteorologist kari hall is tracking conditions and when you may need the umbrella. this is "today in the bay" streaming live on roku, amazon fire, apple tv and online. the weekend is upon us. i'm marcus washington. >> and i'm ginger conejero saab in for laura garcia. we've been talking about the holiday shopping. maybe this will help with your holiday shopping, a mega millions jackpot. tonight's draw is generating a lot of excitement. whoever gets it will have some nice help. ahead we'll count the hundreds of millions of reasons why. >>> something for free for you this morning, that forecast. meteorologist kari hall is tracking it for us. >>> we're starting out with light, patchy fog. a look outside in san francisco there is a spare

these are the charges against sam bankman-fried. they run the gamut from wire fraud and conspiracy, commodities fraud and the campaign finance law one. what did you think of yesterday's hearing when the new ceo took to the stand in order to give testimony to you yesterday? >> i think what was very telling over the course of hours was how you could be utilizing your time to probe for important information for the public to know more about what took place. this is an incomplete day yesterday because after john ray was to testify for hours we were supposed to have sam bankman-fried testifying via zoom to answer questions. yesterday sam bankman-fried's testimony was released publicly and having a hearing where you are going back and forth with sam bankman-fried presents the opportunity to ask the follow-up questions. while i believe that sam bankman-fried did commit crimes and that he should be arrested and should go to prison for a very long time, that's my personal opinion, i do think that the timing was quite questionable that it was

that is what ceo john ray the third had to said about sam bankman-fried. we get into the testimony and what is to come of it. >> ftx fallout is creating headaches at other exchanges mainly binance which has a form million in outflows in the past week. >> apple's potential solution to anti-competitive concerns over its app store. first we have a check in on these markets because what a day from the macro perspective. if you trade these markets, you trade technology stocks, all eyes focused on what happened with the cpi print inflation coming in. we launched up more than 3% on the nasdaq. we settled that about 1% gain as people put forward with the federal reserve will do with this data. cpi coming in at 7.1%. the market thought it would be 7.2 percent. s&p up 7/10 of a percent. we saw yields pulled back down 16 basis points. we anticipate a perhaps lower terminal rate. interest rates in the u.s. hitting sub 5%. you want to be buying into bonds particularly on the short-term. let's look at the u.s. dollar. that pulling lower. bitcoin got a bit of a push high

begin with long list of fraud cha cha cha charges teets founder sam bankman-fried. lawmakers on both sides of the political aisle are going after the timing of this, they wanted sam bankman-fried to answer for the billions he squandered while investors lost their shirts and everything else. they won't get the chance to question him now, he's in custody in bahamas and faces extradition on wire fraud, money laundering, conspiracy, whole host of them. charles, what are ripple effects in the financial world of this? >> charles: the market is not paying attention to this as much as it had earlier in the week, massive ripple effects and goes way beyond crypto, i hate it is considered a crypto story. that is frustrating watching the lawmakers, finger pointing and diszing crypto, this is even more than sam bankman-fried story. this about a system that is so corrupt between silicon valley and wall street they have been ripping off the american public for billions and billions and billions and billions of dollars every single year, our chance to wake up and see what is going

police in the bahamas have arrested the former ceo of the cryptocurrency exchange ftx, sam bankman—friedlso known as sbf. that's after the bahamas received formal notification from the united states of criminal charges against him in connection with the collapse of ftx in november. it's now likely the united states will request his extradition. david willis, our north america correspondent, is with us. what do we know so far? i what do we know so far? i have to say since _ what do we know so far? i have to say since ftx _ what do we know so far? i have to say since ftx collapsed - what do we know so far? i have to say since ftx collapsed just i to say since ftx collapsed just over a month ago as sam bankman—fried has remained at his luxury penthouse apartment in the capital of the bahamas, occasionally giving interviews, in which he has denied defrauding his client. tonight in the early evening the police arrived at that gated compound, and they arrested mr sam bankman—fried at the request of the united states government, thatis the united states government, that is pending the expected

. >> the unorthodox leadership styles of elon musk and sam bankman-fried. we explained why it is bad for business. let's check the markets. we see sentiment a little bit buoyant. we see data for central bank action. s&p 500 up 1.4%. the nasdaq up 1.2%. a little optimism around the cpi print, the inflation data coming out tomorrow. last month, it injected fire into the risk-on of traders. and there is a desire to get ahead in the market before this number. the 10 year yield with yields pushing higher. it is interesting to see tech move higher. the reason the 10 year treasury option, -- option the last sale , in the end of the year -- maybe people not wanting to go long duration ahead of the cpi number and the fed anticipating a raise in rates this week. let's look at in terms of currencies, the dollar is sticking higher on the day. bitcoin over the last 12 trading days in a range. and cumberland saying do not expect this to change, but next year amid these concerns, when we look at the hearings at the house and senate and with ftx, we may have some sprinklin

latest in the ftx saga, two of the cofounders of sam bateman freeze associates plead guilty and -- samkman-fried associates pled guilty and are cooperating. that is bad news for him. how many more individuals to we expect to flip on sam bankman-fried? guest: we do not know exactly. there are several people we are waiting to hear from. one is ryan, the top executive at the bohemian branch of ftx. he reportedly sent some text messages to bohemian authorities days before the ftx collapse about how money was being used. seeing the two top people deciding to flip, indicating that the next tier of executive down could follow their lead. alix: within the filing there is lots of talk of knowingly and unknowingly with sam bankman-fried. he turned a blind eye of what is happening or he was a part of it. do we have a sense of however extend what the repercussions are? guest: neither are good, he was ceo of ftx and had a ownership stake in alameda research as well. the case prosecutors are trying to make, even if he did not know and says he was unaware, he should have known. this could be very dif

i mentioned a photograph of sam is for. i have to tell you damn fish burn pop culture the cardinals scout like his play so much he signed up to play for thecardinals in 1919 . sam had six good bats, two hits and rogers hornsby was a second base shortstop and you weren't going to get replaced roger hornsby so sam worked for bethlehem steel but ended up becoming a much much better known as the founder of fishburn which is on broad street. and in 1999, very first sold by fishburn realty. so i saw my first first picture of san in the bethlehem booster. also saw a picture of a guy named eddie plant. eddie plank was a left-handed picture pitcher, a spitball are back in the day. for the philadelphia a's and st. louis browns. he won 300 games. >> .. love the fact became. because it was the first crown prince we all know second crown prince. he had the the resume to draw people there. so the hard digging was fun. some of it, on the internet the sabre or webb's website has had some articles about these skills. but i was able to reall

this is as sam bankman-fried is due to land shortly in the new york city area. and then it is likely to face arraignment tomorrow and we will see what goes from there. haslinda:haslinda: you talk about his journey back here, what is the latest? >> the latest is that he is nearby to new york city. he is likely to be taken off the plane. he is in u.s. custody of course. he will -- likely it will be tomorrow morning he faces the arraignment and then we will see exactly what his strategy might be from there. in the days and weeks ahead we might get more details about exactly what the cooperation from his associates entail and how it will play out with who will take responsibility and be accused of what. rishaad: he had a relatively ok time in the bahamas jail, the fox hills penitentiary. because it is one of the most notorious prisons. he goes from there. he is on a plane to we assume new york. he is going to find out his two associates have essentially played guilty. where does that leave him? >> he may have been expecting it because it is not too surprising people

sam branton. senior official department of energy. his job to oversee this country's nuclear waste disposal. spend fuel rats safely restored. once a rod is spend you can take your dog to the park. that is not true. spent rods often the hardest to deal with. sam is an expert on this topic. britten is non binary, gender fluid and too spirit. here is britain 2019 before bringing him aboard. >> i am brenton. i find freedom to be a beautiful concept. many friends say sometimes i am a little too free. tend to be myself. power of freedom ability to be one's self is celebrated. talk about the power of being free everyday to hear my stilettos click on those marble floors and know i deserve to be in that room just as much as anybody else. >> traditionally haven't been a lot of guys at the energy department that click on the floor with stiletto heels. when there is a crisis in the white house sam brinton is the man/woman they turn to. ron desantis just -- problem for biden administration: how do you public support open borders without offending

sam bankman-fried is due in court.ve his right to extradition to secure his ruetur to the united states and l3 harris tech is buying aerojet. you are seeing it up in extended trading. toyota's president casting doubt on evs he is among the silent majority and if evs should be pursued exclusively. >>> china caught in the covid outbreak and leading to shortages in supplies and the lack of preparation following the zero covid policy rollback we are watching this as it develops. >>> a prominent group is all on exxonmobil, chef vron and bp to cut emissions in convert with the paris accord goals. >>> the sequel to 2009's "a "avatar" fell short that analysts expected. james cameron said he needs to make $2 billion to break even. i saw it count my $100 in >>> gearing up for the week ahead. we get the latest look at the housing sector with the read on home builder sentiment we get results from general mills and nike we get a monetary policy decision from japan's central bank more earnings from micron and rite aid thursday is a

what will they give about what sam bankman-fried meant done. -- if sam bankman-fried keeps speaking publicly or authorities? he has repeatedly said he did not knowingly defraud anybody. the question of intent is a consistent question when it comes to sam bankman-fried. did he know what he was doing? the cases laid out by the sec that he misled investors and there was a lot of detail that was very intentionally left out. lisa: what will this hearing look like without sam bankman-fried attending? jonathan: we will hear from the current ceo. sonali: democrats took money but his deputies gave very much of the republican party as well. one was giving at the same rate as peter thiel and steve schwarzman. both parties have taken money and intense lobbying efforts. when you look at the bills tied to any potential crypto regulation you do have everybody's hands dirty. on top of that having some more complicated when you look at where the industries lobbying efforts have gone. there are a lot of complications when it comes to push the ball forward knowing the right thing to do for consumers. jonathan:

manus: in custodymanus: sam bankman-fried is arrested in the bahamas after the u.s. files a criminal indictment. the cofounder of ftx is facing possible extradition. crunch time. the fed begins its today rates and inflation data. asian stocks and futures are mixed. plus goldman cuts deeper. the wall street titan is said to be planning hundreds of addition job losses at its consumer business as a struggles. dani, good morning. they had a sloppy 10 year auction. the tail was rich. it was 80 four basis points p have not seen a tail like that since the 1990's. they don't want those bombs ahead of the cpi. dani: it is also one of blackrock's top calls. do not buy bonds since inflation is here to stay. we will be grappling with that menace. is inflation here to stay? today's cpi print will give us a hint either direction? manus: want to dig a little bit deeper into that. here's the greatest debate of the morning which is what should we be looking at? this is one year at expectations or this is breakevens one year forward from the michigan consumer sentiment and the new yor

we start with fallen cryptocurrency tycoon, sam bankman—fried.arrived in new york after being extradited from the bahamas on multiple criminal charges over the collapse of ftx — the crypto exchange he founded. us federal prosecutors accuse mr bankman—fried of stealing billions of dollars of customer assets to plug losses at his own hedge fund alameda, in what they have called "one of the biggest financial frauds in american history." they say former alameda boss caroline ellison and ftx co—founder gary wang have pleaded guilty to charges and are co—operating. sbf, as he's known, says he never intended to commit fraud but has admitted making �*mistakes�*. samira hussain has more. at one point sam bankman—fried because my company was worth $32 billion. seemingly overnight the crypto exchange collapsed and filed for bankruptcy. it also set the tidal wave through the crypto world, the value of cyrptocurrencies finding and confidence in the industry has created. on wednesday one of the biggest cryptocurrency mining firms in the united states filed for

they fell in love with sam bankman-fried. they told us sam bankman-fried was the new jpmorgan.e's a tape we're going to watch once a month for the rest of our lives. it's that good. >> they call him the jpmorgan of crypto. right? >> yeah. the michael jordan of crypto, if you will. >> why should we care with a floppy-haired, vegan, crypto billionaire who occasionally sleeps on a beanbag chair? >> during the crypto winter, he's been referred to as crypto's white knight. >> jpmorgan of this generation. sam bankman-fried ftx. >> yet to be determined. >> is he vanderbilt? >> he could be. >> is he harriman? >> could be. is he carnegie? >> if he gives a lot of libraries, he is. >> tucker: that wasn't 10 years ago. that was weeks, days, before the sam bankman-fried fraud collapsed. is he vanderbilt? is he carnegie, j.p. friggin' morgan? no, he's not. actually he's an accused falcon, who this -- felon, photographed in handcuffs on the way to his cell. it's just awesome. these people are ridiculous. that's the real lesson of sam bankman-fried. we're going to enjoy every second of it. it'

and let's talk about sam _ financial system. and let's talk about sam now, - financial system.he agreed to being extradited to face these charges in the united states? i mean, i don't know him personally, he has been very vocal about his thought processes through others, more vocal than anybody else thought he would be, including his lawyers, yes, ithink he would be, including his lawyers, yes, i think he is an unpredictable character so nothing surprises me anymore. hilary allen, thank you very much forjoining us on bbc news. much for “oining us on bbc news. . ~ much for “oining us on bbc news. ., ~ , ., let's get some use of the day. the israeli prime minister netanyahu socio— successfully neta nyahu socio— successfully formed netanyahu socio— successfully formed a new coalition which looks set to be the most right—wing government ever. he has spent weeks wrangling with coalition partners in two ultraorthodox jewish coalition partners in two ultraorthodoxjewish parties and in ultranationalist and in ultra nationalist religious and in ultranationalist religious alliance. docto

that's what sam bankman-fridays.painting yourself as an innocent party when you abscond to the bahamas with billions of dollars which is what he has done. what we are seeing is the gears of justice turning, they will grind down sam bankman-fried regardless of his millions in campaign contributions to the democratic party. hopefully justice prevails and he blamed the lawyers but at the end of the day, sam bankman-fridays in handcuffs. stuart: you are confident we will find out what happened and where the money went you are confident we will get to the bottom of it eventually. >> you saw how quickly this indictment was announced, very fast when it comes to security exchange approaches and likely his ex-girlfriend, the person who ran the slush fund alameda is dropping the dime on sam bankman-fried. stuart: net choice, good stuff, thanks for being with us, see you again soon. the chairman of the sec, gary gensler, updated his public calendar to leave out mentions of high profile meetings. who did he leave out? lauren: so