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SQUAWK BOX, WEDNESDAY 14TH DECEMBER, 2022 episode artwork

Dec 14, 2022 32 min

SQUAWK BOX, WEDNESDAY 14TH DECEMBER, 2022

from Squawk Box Europe Express

Founder and former FTX CEO Sam Bankman-Fried is denied bail in the Bahamas as he faces criminal charges over the collapse of the crypto exchange. Prosecutors have called it called it the largest embezzlement in U.S. history. Meanwhile rival exchange Binance have denied fears of contagion in the sector despite, according to crypto analytics firm Nansen, seeing $3bn of withdrawals within 24 hours. U.S. inflation data for November comes in lower than expected pushing Wall Street marginally higher. Investors now expect a 50bps rate hike from the Federal Reserve later today. And in Brussels, EU energy ministers fail yet again to compromise on a cap on gas prices with another meeting scheduled for next week.

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SQUAWK BOX, WEDNESDAY 14TH DECEMBER, 2022

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