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An elderly woman arrested in the streets. she was detaped for 1350eking out against the war in ukraine. a local monitoring group says more than 7 600 protesters have been detained in russia since the conflict began. antiwar rallies included 1200 students, staff members of the top foreign service member. he published against the war. adding to the anger will be among growing russian two turmoil. jpmorgan now warns the sanctions by the west sharply increased the chance of a russian default. we are also seeing the price of oil continue to surge as we have seen the last few days which means increased pressure on gasoline prices. since monday s crude has spiked ....
More than 50%. anna coren is here to discuss it. let s start, anna, with what jpmorgan is saying. we could be looking at more than a default. we could be looking at depression, economic depression in russia. in terms of default, that is no, sir surprise but also the fact russia pants to see that being drawn up. it has financial connections with the world. yes, we re looking at a diver sauce of the ruble, that will make imports and everyday life, just the general products and services that you expect to be able to use, apple pay, being ....
For those documents from his bank, which is jpmorgan. now, we don t know if there are other individuals who the committee has subpoenaed, but it would not be a surprise given the fact they were so interested in this funding. not just the funding of the rallies themselves, jim, but where this money went to. was it all spent specifically on the rally organization itself? did the money go to other individuals they did not publicly disclose? this is all of great interest tot committee as they continue to try to find out who is responsible for the violence that took place on that day and sp specifically, was there an organized effort to get people here to interrupt the election results on january 6th. we know that s a key part of their organization. finding out the money trail is a big part of nailing down that direct connection. ....
A dollar short. he basically showed up saying i ve asked a court to delay this one. what jpmorgan told them was you need a court order that says it is being delayed now. one interesting aspect really underscores how much could be done, maybe is being done, with a criminal investigation. grand jury subpoenas versus these by congress are being issued in secret and usually the banks are being asked not to disclose. so were it a criminal investigation going forward, we could potentially avoid a lot of these delays like these really baseless lawsuits. and the committee wants an answer from the supreme court on these trump white house documents by mid january. do we think that that is going to play out in that regard? do we think they re going to be able to get their hands on these documents an get a favorable decision by the supreme court in that kind of timeline? one way or another, jim, aisle confident the committee s going to win. ....
lead analysts at morgan stanley, the main underwriter for the facebook ipo, received privileged information about the company, information that they didn t share with retail investors. finra, the financial industry regulation authority, regulatory authority, the u.s. senate banking committee, and the commonwealth of massachusetts have all announced probes into the matter, and that was quickly followed by a lawsuit filed by some investors against facebook and its ceo, mark zuckerberg, alleging that both withheld material information from investors during the ipo process. now, specifically, they re talking about forecasts that revenue would be lower in 2012. facebook tells cnn, by the way, that the lawsuit is without merit. ron gefner is a former s.e.c. investment attorney. henry blodgett is the ceo of business insider, a website. back in 2003, henry handled a civil charge with the s.e.c., banned from the securities industry. he s a good friend of our show. and i say this ....