Social media with posts that could defy the judges orders. Well get legal analysis on that new development. Also ahead, 9 latest warning from the pentagon about potential disruptions to Troop Readiness and military relations. Were learning about more provocative news from russia and chinas navys off the coast of alaska. Good morning. Welcome to Way Too Early on monday, august 8th. Im jonathan lemire. Thank you for starting your day and week with us. We begin with a flurry of action. Just days after being formally charged for his alleged efforts to overturn the 2020 Election Results, trump spent the weekend testing the limits of the judge assigned to that case. Now during thursdays arraignment the Magistrate Judge warned trump against interfering in the case telling him that his bond could be revoked if he tried to influence a juror, threaten or bribe a witness or if he retaliated. Despite telling the judge he understood her warning, just one day later the former president posted on his
president. and if i had to bet, i would bet it s near. do you believe there s enough evidence? well, they would indict if there s not evidence, but from what i ve seen there s substantial evidence there. that s former attorney general bill barr with a bleak prediction for his former boss. it comes as there are major developments connected to donald trump s handling of classified materials. we ll bring you the very latest. also ahead a key witness in multiple investigations into the former president finally gives testimony to a grand jury. plus chris christie makes it official. we ll show you his pitch for the 2024 republican presidential nomination. good morning, and welcome to way too early on this wednesday, june 7th. i m jonathan lemire. thanks for starting your day with us. we re learning more revealing new details this morning about two separate grand juries looking into former president donald trump s handling of classified documents after he left the white ho
it s hard to tune in for a ribbon cutting when he s being hauled into court on charges related to january 6th. nonetheless, they hope this kind of shows proving the case that biden laid out to the american people a couple of years ago that he can get things done, that he can have bipartisan accomplishments and his predecessor, former president trump is all about himself, all but noise and they hope that holds up next year as well. white house reporter for the associated press, chris maguerian. terrific reporting this morning. coming up here, cnbc joins us live with this morning s business headlines and an early look at the markets which are up so far this morning. we ll get insight on the week ahead for wall street next.
to give you context what s going on. debt ceiling discussions has seen positive reaction from stock markets. next week we ll get the fed. the market is expecting a 25% chance of another interest rate hike, and we ll also get inflation data, so we ll be watching out for that as well. wall street s top regulator is suing coinbase which is america s largest crypto exchange. tell us what that s about. yeah, well, it s been a busy couple of days for the sec and the crypto community. the latest the sec announcing they re suing coinbase alleging they were acting as an unregistered broker in exchange, essentially commingling a number of functions. the sec chair was on yesterday and the example he likened coinbase up to was saying what if new york stock exchange were also acting like a hedge fund. essentially what he s saying here is that coinbase had been
time now for business, and for that let s bring in cnbc s joumanna bercetche who joins us live from london. great to see you. stock futures were flat after the s&p 500 notch its highest level this whole year. how are things starting off today? yeah, so we saw a strong session for wall street yesterday. all of the majors ending up in the green. the s&p as you mentioned now closing at its highest level for 2023. just to give you some context, it s up 20% since the lows we got to last october. if you want to take a look back what happened this year, essentially all the money has gone into tech stock. according to barclays it s just seven tech stocks which have driven all of s&p 500 positive returns for this career. if would move those stocks the s&p 500 would be negative just