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to the gas pumps to fill up their cars, look, i drive a little ford and it cost $60 to fill it up the other day. so they are concerned about the cost of gas at pumps and groceries in our stores. i m the daughter of a maid and a janitor. i watched my parents struggle to make ends meet. the youngest of 7 children. so believe me, in my own life experiences, i knew all too well about that. but let me say this. it does not mean that we should ignore people who lie, steal, and cheat to stay in power or make money. so we re not going to do that. but we certainly need to drive down the cost. we ve already reached out to the administration and talked about in terms of gas, let s tap into those reserves, let s look at price gouging to make sure that oil and gas companies are not just taking advantage of a bad situation so we have called for an investigation into that. we re certainly hoping that that legislation will pass. but we re also looking at market manipulation. again, man ....
Will cost a lot of regular investors a lot of money? so here is the thing. in the early stages, if it is a transformative, perceived to be one in nature, there are those so to speak true believers and those people who want to kind of get in on the action. right now the fallen cryptocurrency prices is hurting a lot of people who have gotten in in the latest stages, over the last six, nine, maybe 12 months or so. there are still those folks out there who fully believe in this kind of decentralized way of financing our monetary system going forward. they are going to stay with this program. but it is right now the selling pressure has been in those people who cannot stomach the kinds of losses or volatility that we ve seen. and if you do continue to see this kind of selling pressure, it is just going to shake more people out of there. which is going to in part less confidence on those people at the fringes of cryptocurrency. now, again, there are those out ....
People full time. so you re talking about roughly 1100 jobs that are going to be cut at coinbase. and in the statement, ceo brian armstrong said that he expects that we could be going into a recession. so, if you couple that conversation, joe and mickey and willie, with the chatter that we ve heard in the last couple of weeks from jp morgan chase ceo jamie dimon who said we re headed for a economic hurricane, and elon musk saying that he has a super bad feeling about the economy. the rhetoric is now ramping up for this recessionary tale and that is what got people spooked out there. and that crypto sell-off is deepening this morning. it was bad this yesterday and it is getting worse today. joe and i have been talking about crypto this morning and for a long time and just not as hard as we ve tried and as many experts as we ve talked to, not seeing what it is grounded in and rooted in over time. are we seeing that come to fruition, it was a big speculative tool for people that had mon ....
Millions from supporters bying false election fraud claims. the panel pointed out how the trump campaign told supporters they re donations would go to helping fight legal challenges related to the 2020 election. supporters were urged to donate to trump s election defense fund. but the committee said it found no such committee or fund existed. instead, much of the quarter of a billion dollars raised went to trump s new superpac called the save america pac. launched in the days just after the election. let s bring in the member of the january 6 select committee who took the lead in yesterday s hearing, zoe lofgren of california. i want to look at all of the different questions as to where this may lead, focusing in on the money raised, the big ripoff as it was called. it sounds like there could be ....
Serious legal implications, we re talking about trump supporters duped into sending money to support the big lie. well we were not making a case, a criminal case. we were simply saying that he misled his donors and they were primarily people of modest means. i think the average donation was under $20. and he fed them lies and using the money for something other than what he said including a big donation to the january 6 rally and the like. now that is not right. people contribute money because they want their voice to be heard. but when their deceived about what it is really going for, that is not the right thing. congresswoman, good morning, so president trump knows the lie is a lie. he knows he lost the election and yet he perpetuates the lie, sends his supporters to the capitol, many of them are either ....