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tv   The News With Shepard Smith  CNBC  July 8, 2022 4:00am-5:00am EDT

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[music playing] see you next boris johnson says he's stepping down as british prime minister. what does that mean to the u.s.? i am shepard smith and this is the news on cnbc. >> i want you to know this is the best country in the world. the confessed highland park sniper's father speaks out. he helped his kids get the
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guns. why? did he accept any responsibility for the lives lost and community crushed? brittney griner pleads guilty in a russian court. the plan to get her home. president trump fire james coming and andrew men came from the fbi. then the irs audited both of them. >> it is scary being targeted like that. >> the investigation order. the cop that killed 12-year- old tamir rice decides not to take a job in a rural police department. metals for her several olympians. elon musk doing his best to help the under population crisis. cnbc. the facts, the news with shepard smith.
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good evening. this is what the end of the road looks like for boris johnson. he said he is stepping down after a string of salacious scandals and a widescale rebellion within his own government. this announcement caps on an astonishing fall from grace. he delivered a brief resignation speech saying his supporters refused to apologize for the scandals that brought him down. he acknowledged that he cannot carry on as prime minister. >> i know that there will be many people who are relieved and perhaps quite a few that will be disappointed. i want you to know how sad i am to be giving up the best job in the world. them's the breaks. even if things can sometimes seem dark now, our future together is golden. thank you all very much.
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>> with sad, the johnson era nears a close after three tumultuous years in power. as his remaining supporters applauded him, a large crowd gathered outside to blue. he knew that the writing was on the wall. he had to. according to bloomberg, he joked to his staff that he acted like a japanese soldier fighting in the woods after the end of world war ii by trying to cling to power before realizing this morning he had to go. the resignation comes after an extraordinary 48 hours in british politics. at least 59 officials in his own government resigned since tuesday. they all said, every one, that they no longer had confidence in his leadership. he appointed a new cabinet to replace the ones that have stepped down in protest. last month, boris johnson survived a no-confidence vote over what they call party gate.
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investigators found that he and his staff hosted parties while the country was on strict lockdown. the final straw was when he hired a deputy chief with first party who was accused of and under investigation for groping not one but two men. officials initially said he was not aware of those accusations. on monday, a spokesman said the prime minister did indeed know. he has since apologized for promoting him, but it was too late. he may be on the way out, but he is not done yet. he said today he will serve until his conservative party pics a new leader to replace him as prime minister. wilford frost is with us now. is he really done? it felt like, you are going to be here until september? what does that look like?
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>> reporter: oddly enough the sample size is smaller somebody is forced from office in the middle of the term. the norm is in fact to stay on until the next leader is chosen. with that said, the very fact that after he has resigned people are still questioning whether he can be trusted, it shows the damage he has done to his personal reputation in the last 48 hours for the last few weeks as a whole. ultimately he's on the way out. it's just a process until we know who his successor is. >> is on party's of the lives just piled up until he cannot take it anymore. what is the process now? who may try to succeed him? >> reporter: it is a two stage process. we get the event on monday. the first week or two we will see the conservative mps narrow
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down the initial list to a final two. it will probably have around 10 people. the next stages around six weeks as they tour the country before 200,000 conservative hardy members make the final choice. it is not a national vote. in terms of who those finals are, we have the bedding market suggesting ben wallace, the former finance minister. it is a very open race at this stage. it's not one based on principl . the conservative party wanted a harder brexit. boris johnson did not have the same policy aspect. >> they left because of him. that's what i heard today. president biden wrote today the special relationship between the u.s. and the uk remains
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strong and enduring. the ukrainian president volodymyr zelenskyy called him a true friend. >> reporter: the successor will come from the same party which will carry largely the same view when it comes to foreign policy on this particular topic, the war in ukraine. the same very man is in charge so there's not even a small window for russia to try to get a crowbar into change. when we think about the ability for the uk and the u.s. to convince europe to take a harder line, perhaps the successor will have a better chance on that topic and many other topics. it is hard to see how they
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could have a worse relationship with individual european leaders than boris johnson had. >> thank you. the father of the july 4 parade massacre suspect speaking out now. he is defending himself for helping his son get a gun permit, despite a series of red flags. he told abc news that he had no inkling or warning about what his son was going to do and he never saw him as a danger to anybody. >> they do background checks and whatever. this came as a complete surprise to. i asked him if he had any plans for the fourth and he said no. >> his father sponsored his application for a gun permit just after the police tried to label him as a clear and present danger. the police said the suspect threatened to kill his entire
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family and admitted he was a depressed drug user. that is the one he helped get the permit for. cops took away his nice collection men, but his dad got them back the same day. his father is downplaying the incident now. he told the new york post it was just what he called a childish outburst. he denied any responsibility for monday's mass shooting. he told the new york post, he thought his son was getting the guns to use at the shooting range. said his son bought everything on his own. they are registered to him, he ordered them, he picked them up. they did a background check on each one. he insisted to the post that he had zero involvement in the massacre. investigators say the gunman considered carrying out a second attack at another independence day celebration that he struggled upon while he was driving around in madison, wisconsin, on the run. he backed out and returned to illinois, where he was arrested. this is a photo of the done
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they found in his car. investigators say he had 60 rounds of ammo but he apparently decided against the attack in madison because he had not done enough planning. we are hearing more harrowing stories from the survivors of the shooting, including those wounded in the hail of bullets. valerie castro is an highland park for us tonight. >> reporter: that noise that you hear is actually a train going by. we are in the center of town. the memorials have started to spring up, like the one you see behind me. they are paying tribute to the victims. some that were injured but survived have mounting medical costs, and people are pitching in, doing anything they can to help. the message hp strong is bringing up on the street where the massacre took place. generosity is inundating the family of a two-year-old boy orphaned after his parents were killed. a gofundme page set up my extended family is succeeding $2.9 million.
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>> it is so generous. we can't be grateful enough. >> reporter: nancy's husband, daughter, and two others were among those injured. >> he had a cell phone in his pocket. the bullet went through his cell phone and got his leg. >> reporter: the roberts family also needing donations to help. he is still hospitalized. his mother and twin brother were also shot. >> it has been an emotional time for everybody and their circle. if you know her, she is a fighter. he is fighting as hard as he can. >> reporter: businesses are open once again. they became a place of refuge from gunfire. >> i did not know why they were running. i asked and somebody said active shooter.
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>> reporter: the store manager said that instinct guided her. she ushered 40 people to the back of the store. >> i have them coming and we turn off the lights. put the closed sign on and went to the back. people in the storage room in the stock room and the back room. >> reporter: she said she has been repaying the kindness shown to her when she moved here a decade ago. >> i think the love in this community is greater than what happened. >> reporter: other businesses are looking ahead as to how they can help. earlier today we spoke to the co-owners of a local bakery here in town called sugarcoated. they said they are making and decorated cookies that they will hand out for free tomorrow to families and children. just something to get their mind off what happened. there is another community vigil tonight. the first funeral will be held
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for jackie sometime tomorrow, one of the seven victims. >> thank you so much. ludicrous, says the irs. ludicrous to the suggestion that the agency used audit as political weapons against james comey and andrew mccabe. they are two fbi officials that president trump fired and openly despised. the steps being taken to see if it was coincidence or calculated. she was at the center of a possible love triangle until police say she killed the other woman. the hunt for her led u.s. marshals to costa rica. today they revealed the clues that they followed right to her. derek chauvin is serving 22 years for murdering george floyd. fer. after he pleaded guilty
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>> strip away what you don't want, like added sugars and preservatives.
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what is left is a good stuff. stripped down to make it. two top fbi officials who president trump fired face rare and rigorous audits on taxes they filed while he was in office. the former fbi director james comey, his deputy andrew mccabe turned over letters to the new york times. the head of the agency is asking the inspector general to review the audits. the odds of the irs selecting someone for that type of audit are slim. one in 30,000. you are more likely to get struck by lightning. thoughts of two people within a closed circle, very rare. a spokesperson for the irs released a statement today saying it is ludicrous and untrue to suggest that senior irs officials targeted specific individuals for national research program audits. we will see.
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call me and mccabe told the new york times that neither was aware that the other was facing about it until the times reported to them. he told the times that maybe it is a coincidence or somebody misused the irs to get out of political enemy. given the role trump wants to play in the country we should know the answer to that question. >> reporter: former fbi director james comey and acting director andrew cape are targets of former president trump over there involvement in the russia probe. >> he is a showboat and a grandstand her. >> reporter: trump also called for them to be prosecuted. >> who are you accusing of treason? >> i think a number of people. you look at comey and mccabe. >> reporter: he fired comey just four months after taking office. >> i turned out to do the right thing. >> reporter: that led to robert
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mueller and the investigation of links into the trump campaign and russia. it also led to taking over the fbi in 2017. he was fired one day before he was set to retire. he revealed that they both faced an audit for the 2017 and 2019 returns respectively. at the time, both audits occurred and the irs was run by a trump appointee. >> this is the latest in a long saga of being targeted by the former administration. >> reporter: we are told that these audits are unusual. >> it's rare in the sense that you have two people in the same position being this generalized for audit review. it is an odd circumstance. >> reporter: the irs defending protocols in a statement saying the institution has strong safeguards in place to protect the exam process and against politically motivated audits. the irs is no stranger to political scandals.
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the nixon white house was accused of pressuring the then irs commissioner to target his enemies with tax audit during the time of the watergate scandal. >> one of the ways he abused presidential power was to to the irs i want you to do big, intrusive, bruising audits on my political enemies. >> reporter: a trump spokesman told the new york times that he had no knowledge of those audits. they have referred the matter to the treasury for review. >> thank you. a texas woman accused of murdering a pro cyclist ran away to costa rica, change the way she looked, try to start a new life. they say that caitlin armstrong is now facing murder charges. she is in jail in texas on $3.5 million bond. at the news conference today, a deputy u.s. marshal said she
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went by three different aliases during a 43 day run. he said she confessed her true identity after her arrest. >> armstrong altered her physical appearance. she died her hair brown and cropped it short to about shoulderlength. she had a bandage on her nose where she claimed was from a surfboard incident just days before. >> here she is before officers a receipt in a safe for plastic surgery. they discovered a passport that she is to get out of the united states. she said the passport belonged to somebody she knew. also said officers in costa rica tractor down going door to door in hostels and yoga studios. she was arrested on an immigration charge and is back in the united states. they said she appeared to be planning to start a new life as
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a yoga instructor. police have accused her of killing moe wilson because she thought she was hooking up with her boyfriend. the fellow pro cyclist : strickland. we reached out to attorneys but we have not heard back. actor, athletes, award here is, and trailblazers. the stories behind the civilians awarded the nation's highest honor today. people are ready to travel and they will pay the higher ndics in all of the post
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>> i want to give you $40,000. >> it pined for laughter. every night of the week on cnbc. president biden bestowing the highest civilian honor, the presidential medal of freedom on 17 americans at the white house today. among those receiving the award, the late republican senator john mccain of arizona, his widow accepted the metal in his honor. senator mccain was the president's longtime friend on the other side of the aisle. a former presidential candidate himself, a vietnam war hero. he endured unspeakable torture. he helped save obamacare. >> i never stopped admiring john. never set a negative thing about him in my life because i knew his honor, his courage and his commitment.
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>> the president also presented a medal of freedom to gabby giffords. she survived an assassination attempt and mass shooting in 2011. she and her husband, senator mark kelly have said it is now their mission to save lives from gun violence. >> we will celebrate the most significant gun safety law in three years because of them and because of families like theirs all across america. she is one of the most courageous people i have ever known. >> there were 15 other distinguished recipients today. kayla has some of the other honorees. >> reporter: the group honor today represented a cross- section of american culture and achievement from sports to business to combat social activist megan regina has appeared before president biden to call for equal pay. the soccer federation agreed to pay the world cup winning women the same as the men.
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>> we need to change for perhaps the most important ctory for anyone on her soccer team or any soccer team. equal pay for women. >> simone biles, mental health advocate and winningest gymnast in history as the youngest ever to receive the medal of freedom. >> hearing i was the youngest it was a huge honor. it is kind of scary because it is the best award you can receive for your whole life. now it is kind of scary. like what do i do now? >> reporter: the widow of steve jobs accepted a posthumous award on his house. president biden said his creativity change the world. >> character is defined by who we live on this earth when our time comes. what steve left us was something special. technology with the capacity to improve our lives in ways that have not even yet been thought of. >> reporter: the ceremony also
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honored lesser-known heroes like a retired brigadier general, the most decorated female soldier in american history. also a gold star father and religious freedom advocate. he honored and offered then candidate president trump a copy of his constitution. it is a reminder of the charge that has to be kept. >> reporter: a front-line nurse that became the first american to receive the covid vaccine and denzel washington who was unable to attend the event to to covid were also honored. cracking down on cyber bullying. starting now, there is one country where a few bully somebody online, you can go to prison. need to return something you bought?
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why some stores are letting you keep your purchase and get your money back. brittney griner pleads guilty. what she said about bringing tapearids to
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you ever buy something and it's the wrong size or not white what you wanted?
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some stores are letting you skip the return part altogether. they tell you to keep the stuff. >> reporter: high inflation has resulted in inventory ordered months ago by big retail chains backing up in storage. >> keep the items and i will give you the money back for it. >> i don't need them. i just need to return them. >> reporter: for some companies with overstocks and no room on returns, it's a serious financial calculation. give customers a refund but also let them keep with a purchase. when that happens, shoppers are in disbelief. >> they let me keep the old and they gave me the new. it was convenient because i did
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not have to ship anything back. >> reporter: last year, customers returned $600 billion worth of products according to the national retail federation. the trend is even more pronounced with online sales. more than 20% of merchandise was returned in 2021. >> my advice to consumers would be to shop as mindfully as you always have and try not to over return. you might find that retailers are little bit more generous right now than they have been in the past. i think it is at the discretion of the retailer. >> reporter: it also has a big impact on the environment. 60 million tons of carbon dioxide. walmart said it's return policy depends on a variety of factors that will lead to the best possible customer experience.
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customers do not have to bring our ship the item back. >> i got some chairs from wayfarer. one of them had a d on it. i let them know and they said to keep it and sent to replacement. >> reporter: skeptics say for obvious reasons, companies will not ever advertise to get a refund but keep the product. >> people are going to take advantage of the system and get things they say they want to return even though they want to keep them and will probably make prices go up for the rest of us. kion shepard smith on cmbc. it is the bottom of the hour. time for the top of the news. arise in gun violence targeting children and teenagers. the largest pediatric trauma center in one state is trying out a new treatment plan. hunting down crypto cash. meet the people being brought in when a relationship goes south and money goes missing.
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but first, basketball star brittney griner pleads guilty in a russian court. if convicted on drug charges she could face up to 10 years in prison. after today's hearing, griner's russian attorney at said she admitted that she had cannabis oil cartridges with her when she was arrested. he said that she told the judge she brought them to russia unintentionally. >> she was in a hurry as she was packing. it was just an accident. >> russian authorities say they found less than one gram of they boil in her bag. she's been in prison ever since. in a statement today a spokesperson for the national safety council wrote, at the president's a direction we continue to work aggressively pursuing every avenue to bring her home safely to her family, friends, and loved ones as soon as possible. the white house is also working to get russia to release other
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americans, including paul whalen a former u.s. marine serving a 16 year sentence for alleged spying. his brother wrote in a tweet that the guilty plea will houston the end of the injustice she is experiencing. russia will not work to send her home until there is a conviction and sentence. brittney griner is scheduled to appear in court in russia again next week. her legal team reports they expect the trial to wrap up in early august. let's turn to william pomerantz. is an expert on the russian judicial system and acting director at the wilson center cannon institute. do you agree with the weather there? was pleading guilty the right move? >> it was her best option. there is a 99% conviction rate. having pled guilty she can throw herself on the court, ask for leniency, and will hopefully be one step closer to going home. >> russian state media said
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moscow might be interested in a prisoner swap. one name that is being floated is a big one. viktor bout. he is serving a 25 year sentence in the u.s. a federal jury convicted him of selling weapons to columbian rebels. prosecutors say he sold to them so they could kill americans. at the time, the attorney general called him one of the world's most prolific arms dealers. brittney griner and hefei boil for that guy? is that realistic? >> it is realistic. it may not be just, but it is realistic. viktor bout is the person the russians want to exchange for brittney griner. i think that they are able to have a heart again and i think this is the demand they will make in order to return her to the united states. >> thank you very much.
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a major warning from a top russian official. the united states will face the wrath of god for pursuing war crimes investigations against russia. that is from the former russian president. he is now the deputy secretary of the security council. he wrote the idea of punishing a country that has one of the largest nuclear potentials is absurd. it potentially poses a threat to the existence of humanity. meanwhile in kyiv, senator lindsey graham and blumenthal met with volodymyr zelenskyy. he asked for more weapons. russian forces are keeping up the relentless bombardment of civilian targets. today ukrainian officials said
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russian missiles hit a boarding school for the visually impaired children. the attack reportedly did not kill or injure anyone, but it did destroy windows, doors, and school equipment. the chinese government is denying accusations that they are spying on western countries. the denial comes one day after they had to the united states and the united kingdom security agencies issued a joint public warning. they say that china is doing everything it can to spy on companies and steal their technology. the fbi director called china the biggest long-term threat to our economic and national security. china's foreign ministry insists that is far-fetched. a spokesperson for the agency told reporters today that the accusations do not have any factual basis. he went on saying, the u.s. politician has been playing up the so-called china threat to smear and attacked china.
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facts are fully proven that the u.s. is the biggest threat to world peace and development. the internet can be a horrible place. the slurs and attacks can be brutal. in japan, her lenin sold at someone and you can spend a year in prison. the brand-new cyber bullying law taking effect today. in addition to jail time they can be fined up to $2200. lawmakers say they will re examine it all in three years to gauge the impact on freedom of expression. the law was inspired by this japanese reality tv star. she killed herself two years ago . before her suicide, she tweeted that people on social media were harassing and abusing her online. here we can just get off the internet and do some summer traveling. the tsa reports that more of us flew over the july 4 weekend than over any weekend since before the pandemic.
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flights are more crowded and more expensive. for now we seem willing to pay the rising prices but there is a limit. here is our travel and transportation correspondent, phil lebeau. >> reporter: americans are getting away this summer even if it cost them more. in june, the average domestic airfare was $390. that is almost 20% higher than before the pandemic. a new survey says they are willing to pay even more to fly. the research firm oag questioned 1400 travelers and found almost 80% would pay another $50 for their ticket. 43% pay another $100. travelers have their limits. only 17% would pay another $200 for their trip. all of this comes as the airlines grapple with delays and cancellations. flight aware, which tracks every flight, says almost 25,000 flights have been canceled in the u.s. since memorial day. 220,000 flights have been
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delayed at least 15 minutes. in other words, one out of every four flights this summer has been scratched or arrived late. many because of pilot shortages. surprisingly they found that only one third of those surveyed said their flight experience was hurt by the staffing challenges at airlines. it is proof that many are willing to put up with a bumpier and potentially costlier flight this summer. >> thank you. the cop who shot and killed 12-year-old tamir rice took a job in a small, rural police department. a citywide protest is forcing a change. the only abortion clinic in the state of mississippi, the one at the center of the abortion battle is now closed but not gone. the plan for the pink house after the defeat at the supreme court. first, actor james caan has
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died. is known for playing sonny corleone in the godfather and beloved for his role as the curmudgeon father of eddie the elf and elf. he pulled off a variety of characters on the small and big screen. he was on twitter recently posting pictures from his classic movies. he ended every post with the same words. and of tweet. today the post to his account was no different. it read in part the family appreciates the outpouring of lovend cdonc a
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the cop who shot and killed 12-year-old tamir rice eight years ago in ohio will resign from his new place position in small town pennsylvania. that is according to his lawyer. he said officer timothy loman plans to resign today or
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tomorrow after facing intense backlash from his hiring. the president of the council announced his swearing-in on facebook just to just two days ago. people slammed the higher. he shot and killed tamir rice after somebody called the cops to report he was pointing a gun at people. it turned out to be a pellet gun. the grand jury declined to indict him and justice department officials decided not to charge them. the cleveland police department fired him about three years later for unrelated reasons. they said he lied on his job application and failed to disclose that a different police department had previously dismissed him. the department had deemed him unfit to serve. his lawyer described him as a good guy who was trying to move on from what happened. george floyd's mother's murderer derek chauvin was sentenced to 20 years for violating the civil rights. he is already serving 22 1/2
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years behind bars after he was convicted on state charges of murder in the second and 3rd degree. as well as second-degree manslaughter. he pleaded guilty to the federal civil rights charges nearly 7 months ago. today the federal judge chastised chauvin in court. he said it was unconscionable that he would kneel on his neck for more than nine minutes as he slowly died beneath him, begging to breathe. the sentence will run concurrently with his state sentence. two years ago, guns overtook car accidents as the leading cause of death for children and teens in america. that is according to the university of michigan researchers analyzing cdc data. for one hospital in queens, new york, the battle against youth gun violence goes well beyond the emergency room. gave gutierrez went to the front lines to see how the victims are coping.
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>> reporter: when madison was rushed to the hospital the bullet had barely missed her brain. >> i saw black. it was like inc. in my eyes. >> reporter: it's a far cry from the carefree social media videos typical of 7016-year- olds. one night in january she said she was out in a car with friends in brooklyn when out of nowhere. >> bullets started hitting the car. it sounded like somebody had a handful and they all started popping one by one. >> reporter: did you realize what it was? >> i knew it was gunshots. >> reporter: the ambulance took her here. this children's medical center. her doctor is a pediatric trauma surgeon. >> we have already seen markets this year with bullet wounds than any other year total in history.
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>> reporter: this is the largest level i pediatric trauma center in the state. the last few months they started screaming for something different. >> on the side it goes through the questions. >> reporter: any teenager who comes to the er for any reason is asked a series of what some might say our uncomfortable questions. >> how often have you seen guns being shot and how often has somebody pulled a gun on you. >> reporter: they are ho did not just treat gunshot wounds but prevent them. shootings are now the leading cause of death for children and teens in the u.s.. every day, 22 of them are shot. >> reporter: the topic of guns is often seen as political, but you see it as a public health issue. >> it is the number one killer of kids in our country. >> reporter: six months later, medicines physical wounds are healed. the psychological ones are not. >> i wonder what is the reason.
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why did i survive. >> reporter: do you think it has gotten worse? >> absolutely. things have gotten more ruthless. >> reporter: a powerful adjective for a 16-year-old. >> it makes you feel like you have to grow up so fast in a place like this. >> reporter: a young girl who instinctively knew they were not balloons, but gunshots. authorities in texas have identified nearly all of the migrants they found inside an abandoned tractor-trailer. 53 of them died, likely from extreme heat. they discovered the truck last week in san antonio. officials say it's one of the deadliest human smuggling cases in modern american history. the medical examiner's office reports they have conclusively identified 49 of them. 24 from mexico in 19 from guatemala. six of them are from honduras. they range in age from 13 to 55. five of them are minors.
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consulates from the different countries are still working to officially identify the remaining victims. doctors closing the doors at the last abortion clinic in mississippi as the near-total ban went into effect when the clock struck midnight. jackson women's health organization known as the pink house officially shut down yesterday. demonstrators from both sides of the issue showed up outside the clinic. supporters love notes of encouragement. some of the messages thanked workers. others said this is not the end. the owner said she is reopening in new mexico. one doctor who said she plans to continue to work at the new clinic said the closure will lead to more poverty in the poorest state in the nation. >> you look at the statistics. they are at the bottom end. i would say a lot of these
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women are not going to be able to leave the state and having another child is going to put them further into poverty. >> the trigger law bans abortions starting today except when the mother's life is at risk except in cases of rape. in the digital age there is a key new player trying to find hidden assets. the crypto hunter. elon musk says he is dng
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the top two executives at theranos are now convicted felons. sunny was found guilty of defrauding patients. he was found guilty of conspiring with elizabeth holmes to take hundreds of millions of dollars from investors and patients. they promised to make blood testing cheaper and faster but the technology never really worked. a jury convicted her in january of defrauding investors but acquitted her of duping patients. the sentencing date was expected in the coming days. they both face up to 20 years in prison. the unemployment line is getting a little bit longer. 235,000 people file for
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unemployment. it's at the highest level since january. weekly jobless claims are up 41% from the 53 year low in march. market rates have been driving but fears of recession have pushed them down. the latest average rate for a 30 year fixed is 5.3%, down 4/10 of a % in a week. back is the biggest weekly just line since 28,008. on tuesday called the subway series. not a battle of new york baseball but what subway is calling the new sandwich line. 12 sandwich is divided into four brilliant categories. cheesesteak, italiano, chicken, clubs. it is aimed at streamlining the ordering process. you can still special order, but subway is encouraging you to use the program.
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they are giving out 1 million subs for free. today at the pump, the nationwide average of gas is $4.75. it is down every day. it is still above the same time last year. the dow is up 347. the s&p up 58. the nasdaq up to 59. the s&p and nasdaq are both up four straight days for the first time since march. divorce can get up ugly. often there's a fight over money and now crypto. some spouses are using digital currency to hide money during divorce settlements. the experts say tracking down that he encrypt to account can be difficult. how x bakley are spouses hiding money in crypto? >> reporter: they are hiding
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money and a thumb drive. it is crypto currency that is totally off-line. it's called cold storage and is much harder to trace them sitting on a centralized exchange. others are trying out more sophisticated ways to hide their assets, including everything from swapping bit going for privacy tokens to putting cash in nft and the meta-verse. divorce attorneys are scouring for digital real estate. we are talking just land. it is selling for millions of dollars a couple of months ago. >> are they getting caught? >> reporter: the whole process of scooping out crypto infidelity is so complicated that it has created a new job category. these crypto hunters. think a forensic investigator that knows block came inside and out. they say that while the block chain is a public larger wave
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can trace funds, some people become very good at figuring out other ways to cover their financial tracks. listen to this. >> chain hopping is another concept. they will switch from one block chain to another very locally to throw off the investigator. >> reporter: it is inevitable. i spoke to one person i cannot believe and her attorney tracked down half $1 million in bit going. another investigator told me about a case where a subpoena was involved in they found around $700,000 worth of crypto on an old laptop hidden away. the court system is catching up, and i have to say the financial acrobatics involved nowadays a really stunning. >> thank you. according to documents
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obtained, elon musk had twins last year with the top executive at one of his companies. today, he seemed to confirm in a series of tweets. he wrote doing my best to help the under population crisis. the collapsing birthrate is the biggest danger that civilization faces. the population of mars is still zero and i hope you have big families and congrats to those who already do. in addition to the twins he has two children with a musician known as grimes. he has five with his first wife. somebody else who is on board with this population plan is comedian nick cannon. he tweeted right there with you my brother. he is a soon to be father of eight. the british prime minister
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boris johnson said he is stepping down after a wave of scandals and mass resignations. he said he is staying on the job until his party picks up in the fall. the father of the july 4 parade masker suspect is speaking out and defending himself. he told the new york post he bears zero responsibility. he thought his son was getting guns to use at a shooting range. he helped his son get a permit despite a series of red flags. brittney griner has pleaded guilty in russia. now you know the news for this thursday, july 7 2022. i am shepard smith. follow us on twier
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it is 5:00 a.m. on wall street here is the top five at wall street could the win streak be at risk? futures are down. breaking news from japan former prime minister shinzo abe dead after assassinated at a campaign event the latest on what we know. elon musk's bid to buy twitter in jeopardy. talks are taking a new turn. a troubling report revealing how many hundreds of billions of taxpayer


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