let's get straight to scott cohn who's in the courthouse in san jose. >> she will get 11 years 11 years and th3 months elizabeth holmes sentenced after being convicted on four felony counts back in january in a lengthy, about four-hour sentencing hearing here at u.s. district court in san jose, california, in the heart of silicon valley the judge who is a silicon valley native talking about how he grew up here and how business use to be done with a handshake, and wondering whether elizabeth holmes was intoxicated by the fame, whether it was the human being hubris that made her predict these counts of wire fraud. before that, a tearful plea from elizabeth on the stand about how she was devastated by the failure of her company, how theranos and the team meant to world to her, and how she was setting out the change the world and is now trying to change herself. and learn lessons. what she did not do in the plea was apologize to the investor os patient who is relied on the blood testing. she's planning to appeal this almost certainly that may be part of the reason why. but again, judge davo

that was scott cohn obviously reporting outside the courthouse we have about 90 minutes to go now beforeth holmes learns her fate from the jury, the judge. again, four counts -- four felony counts she was convict on on january 3rd faces up to 20 years on each count but as you heard scott say the government was arguing for 15 years, and we'll hear from scott certainly throughout the afternoon once in fact we learn of the sentencing in about 90 minutes time let's pivot to talk about the biotech sector it's up about 9% in a month, still down 12% this year joining us now is the rtw investments managing partner it's a tricky segue to make off that breaking news but i appreciate your patience let's talk about this space which you make your living investing in how do you think the sector looks coming into the new year >> good to see you, scott. we're casually optimistic i'll say in the short-term. i think short-term it's mainly a story of the headwinds you're talking about like interest rates if they decline that's good for the space if we do enter recession next year we'll see a rotation back

investigators are painting a clear picture of how the home invasion and vicious hammer attack went down scott cohn is live outside the family home. scott? >> reporter: we just heard a few minutes ago from the district attorney of san francisco about the state charges. addressing reporters, she said it was clear that depape targeted the pelosi home and nancy pelosi herself, and that his actions were politically motivated. with that federal complaint filed earlier in the day, we have a lot more answers to the questions we've been asking since friday among them that paul pelosi was alert enough, despite a fractured skull and serious injuries to his arm and hand, to talk to investigators in the ambulance and again at the hospital yesterday, describing a terrifying ordeal. david depape, police say, talked to investigators after being read his rights, giving them an unsettling glimpse into his head what was david depape thinking when he broke into the home of the speaker of the house in the middle of the night? that he was like the founding fathers, fighting against tyranny without the option of surrend

scott cohn is outside the courthouse, has more on what time theranos founder elizabeth holmes might serveimum is 20 years on each of the four counts she was convicted on back in january for lying to investors about her blood testing startup theranos it's a day of reckoning for elizabeth holmes who should be here any minute now but also a reckoning in silicon valley where hype and hope can take over substance they want to send her away for 15 years which should be a sentence along the lines of -- because they want to send a message to silicon valley saying a significant custodial sentence will serve not only to deter future startup fraud schemes but it will also serve to rebuild the trust that investors have when investing inivators that's what they say in their presentencing memo elizabeth holmes and her team take a completely different approach they say she's already been punished by a lifetime of scorn over her role of theranos, and they say she should get home confinement, no prison sentence at all or at most 18 months because they say she still has the capacity to do good, and to back

scott cohn >>> our next guest says regulators should "let crypto burn" in the wake of ftx's collapsexplain why when "closing bell" returns. this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. (vo) this is more than just a building. it's billion-dollar views. perfectly located. an inspiration. and enough space to start an empire. loopnet. the most popular place to find a space. >>> if the fallout from the collapse of ftx is hitting rival coinbase bank of america downgraded the rating from buy to neutral the bank also slashed its price target to $50 down from $77. the stock is down 7% today analysts at b of a said they're confident coinbase is not another ftx but cited new headwinds, including broader fallout from ftx's collapse and a lack of regulator

joining me now, nbc's scott cohn who is a family-owned meat and poultry business there in lost caddo's. scott, 20% is a very steep hike. why so harsh? >> alex, part of it is just overall inflation. we know that food cost generals according to the labor department are about about 12% for morocco. food in the home. we have this other issue with turkey. there was a south park of avian flu across the country. really decimated the turkey population. the price of turkey has gone way up. if you're thinking maybe i'll say money just good turkey breast this year. that's actually even worse because the turkey growers have been catching up in so doing the turkey breast is more expensive. and also a larger birds are in short of supply because they haven't had the time to grow. put it all together. american farm bureau federation does this survey every year. they found 20% higher price for feeding a family of ten or your thanksgiving feast this year. 60 406 in 2022 up about 20% from 2021. it's not just the turkey which is up 21%. you pay a lot more for stuffing mix if he's the mix. pumpkin pie mixe

in addition to all the other items in his backpack, he was carrying a journal >> scott cohn, live in san francisco. there's been a flood of misinformation online about this attack right wing personalities have been spinning wild conspiracies and telling complete lies about what happened. elon musk, twitter's new owner, helped amplify one of those fringe conspiracies by tweeting it out to his 112 million followers. he wrote, there is a tiny possibility there might be more to this story than meets the eye. musk eventually deleted that, but not before it wracked up 100,000 likes. the bizarre and baseless story he retweeted came from a website that back in 2016 made the bonkers claim that hillary clinton had died and a body double had replaced her on the campaign trail ben collins covers disinformation and the internet for nbc news of the ben, i'm guessing word of the suspect's confession doesn't stop information or disinformation about any of this. >> oh, absolutely not. the idea that this guy had committed basically, you know, the opposite crime of what he committed, that he was doing

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