feeling their pain. this is the biggest point drop that has ever been seen. we are in the midst of a serious financial crisis and the federal government is responding with decisive action. these guys have been gambling with the house money for years and it s our job to bail them out? the largest swindle in wall street history, and alleged 50 if you million dollar ponzi scheme by bernard madoff. you belong in jail, you criminal! the pardon is over. if there was any company that could make energy cool, it was enron. the texas energy broker treated electricity like any other commodity. it buys and sells billions of dollars worth of energy, every day. it s the largest company of its kind in the world. enron is a company that deals with everyone with absolute integrity. we play by all the rules and stand by our work. we mean what we say . ken lay was the original ceo, he ran enron when the company was created out of the merger of two pipeline companies. he seem
what he s telling our own lester holt about holding those responsible accountable and whether it matters if they happen to be a former president or running for president. also this hour we re set to hear from one of president biden s top economic advisers as the fed kicks off a two-day meeting as we speak with interest rates probably heading up again. plus my exclusive interview. one on one with trevor reed. the marine now back in the u.s. after being imprisoned in russia for nearly three years. his advice to brittney griner, who s in court today, and what he says the white house should be doing. i m hallie jackson in washington with a jam-packed show for you today. i want to bring in nbc news correspondent vaughn hillyard, who is posted up in the location where mr. trump is set to give that speech. nbc news capitol hill correspondent ali vitali is with us. justice reporter ryan riley joins us along with washington post political investigative reporter josh dausee and forme
hello again. plenty in the agenda including why eddiejones might turn to prayer before the next rugby world cup but let s start with the ball, and tomorrow night pol pot but will paul pogba will be facing questions at manchester united. what has happened to prompt this investigation? fifa have not revealed what has sparked them to look into this particular transfer, but there was the release of a book in germany that made allegations about the breakdown of paul pogba s record £89 million fee when he moved from juventus to manchester united in the summer claims that have been repeated in the media. the accusation is that paul pogba s agent received 1a million. fifa have said there is no wrongdoing but they have written to manchester united to seek clarification. who was involved in the deal and how much everyone was paid. they are calling it an enquiry but there s an awful lot of questions swirling around is that transfer. there had been some angry reactions from the lower
Aig, and there was a real view by the way, that if aig went under, the game was over. aig does business with every major financial institution and in 130 countries. aig will destroy much of the capital for nation process in the western world. paulson, bernanke, gardner, they saw the risk that this could be not just a fire that would burn wall street down, but that could burn down our economy, and burn down the world economy. it s uncle sam to the rescue but oh, what a price tag . the federal government is to saving aig from possible collapse with an 85 billion dollar loan, all of it, your money. the move was designed to bring stability to the financial markets, did it work? maybe, down the road but not
Got new consumer confidence numbers out this morning. those were again down. tomorrow it s all about the fed. we re going to hear from jay powell about how much he s going to raise these interest rates if that happens, which everybody expects. on thursday the new gdp numbers for the second quarter comes out. on friday new inflation data on top of all that we re watching for earnings reports for some of the biggest u.s. companies getting released all week. apple, microsoft, meta, the owner of facebook. it s a lot. tell me what you re watching for most critically in the days to come. everything, hallie. walmart dropped a bomb on wall street after the close yesterday, said it lowered its profit guidance for the year. inflation is cutting into consumer spending, and so now they re marking down excess inventory that they have elsewhere in things like apparel and people are trading down from beef to chicken. and this has hit all retailers. target, costco, amazon, the online group. shopify