more from new york now. in more from new york now. in these latest charges, the sec said coin base acted as a broker, exchange and clearing agency for investments that are subject to sec rules but they did so without properly registering, and that, the regulator said, allowed the firm to escape oversight, including guards against conflicts of interest. the charges against coinbase were not a surprise. as a publicly traded company are disclosed in march of this year that the sec had notified it that these charges may be coming. in response, coinbase said the rules were not clear. testifying on capitol hill tuesday the chief legal officer for coinbase said it try to get new rules in place for crypto platforms like theirs, but got no response from the sec. since that time. no response from the sec. since that time. we no response from the sec. since that time, we have no response from the sec. since that time, we have had - no response from the sec. since that time, we hav
eastern time, the two frontrunners making multiple stops today swiping each other along the way. when i heard desantious out say we need eight years, we need six months. if you need eight years, who the hell wants to what wait eight year? leadership is also not entertainment. it s not about building a brand. it s not about virtual signalling. it s about producing results for the people that you represent. trace: we ll have reaction from kayleigh mcenany in moments. first to shannon bream. host of fox news sunday. shannon, it s great to see you. i want your take if i can on the breaking news at the top of the show, which is president biden falling on stage at the graduation ceremony. it to me, it appears like this is going to become fodder. people are already talking about his age. it doesn t poll well. when stuff like this happens, it filters its way in to the political spectrum. yeah, we know how visuals become viral. they become the exclamation point on a story. i
to go above 30,000. japan has just released growth figures. asia s second biggest economy grew 1.6% on annualised rate, much better than what had been predicted. i spoke to neil newman from macquarie capital. we have been closely watching wage growth, the wage number, which hasn t really filtered through into anything visible as yet. the gdp number certainly does indicate there is a large amount of the domestic economy now contributing to this. as you mentioned cap ex, business spending was up 0.9 on the annual basis, way ahead of expectations. but even private consumption was also up, 0.6% against the market consensus of 0.4. even though it appears the wage number we have been looking at, the last numbers were in march, they were not that impressive, in fact they were quite depressing. the next key one will be injune, april s numbers, and that s when we will start to see the increase in overall wages. of course it s notjust the wage number that contributes to all of this, it
facing new legal and political fallout following his cnn town hall. we ll take a look at the comments that may have stuck out to prosecutors as some republicans also voice concern over a few things he said. and a debt ceiling meeting between president biden and top congressional leaders gets postponed. what that could mean for the looming debt ceiling crisis. good morning and welcome to way too early on this friday, may 12th. i m jonathan lemire. thanks for starting your day with us. we begin with a new overnight, the pandemic era immigration policy known as title 42 has officially expired. already we re seeing a massive influx of migrants at the southern border. homeland security officials say illegal border crossings topped 10,000 per day this week, the highest levels ever. the biden administration is urging those seeking entry into the united states to use lawful pathways. we are clear-eyed about the challenges we are likely to face in days and weeks ahead, and we
street. president biden pushes his case for a massive tax and spending increase in his new budget. and a stronger than expected jobs report is not necessarily what the fed wanted to see. we have fox team coverage tonight. charles payne in new york tells us what happened with the silicon valley bank and what that means for the rest of us. but we begin with white house correspondent peter doocy and the president s take on the unemployment numbers. good evening, peter. peter: good evening, bret. there was a run on a struggling bank known for loans to startups and things went south so quickly within about a 48-hour period that the feds came in to take control of the country s 16th largest bank. i think we got a good jobs report. peter: 311,000 last month better than expected. so no plans to back off the spending plan paid for with new taxes for the rich and corporations. ronald reagan was doing 8% tax rate. you know that whacko liberal guy. you know. peter: it s been ec