Ukraine Faces Waning Support From Allies, FTX Trial, Laphonza Butler
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Ukraine's war is far from over, but its biggest chAllenge may not be on the battlefield is support from allies IT ong.

some republicans in congress who want the to ukraine e to stop our leaders. Key.

i'm laa folded. That's a Martinis. And this is up first from N. P. R. news. The man accused of orchestrating one of the largest financial fraud s in american .

history and bank man free goes on trial today.

I found found guilty free the rest of his life in prison. What is defense?

Fones of Butler er is said to be sworn in today as california, U. S, U. S. senator.

What made her the choice to fill the seat left vacant by the death of dian fine steine? They will this. We've got the news. You need to start your day.

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ukraine is at something of a crossroads.

yet troops are making limited progress on retaking russian occupied land and winter approaching. And the longer russia's war on ukraine last, the more support for ukraine seems to waiver, especially among republicans in congress. Ukraine's president floome is the landscape knows this. Here's what he said to our COO.

Steve skip, in a recent interview. We had to kind of be very strict and very fast because we might lose the trust and the support of our products over the weekend that .

congress passed a short term spending bill to keep the government running through mid november. Not included in the bill was additional aid for ukraine, and others are moved to house. House speaker .

Kevin mcArthur ating furini, ukrainian leaders reacting to congress decision to forgo eight in this short term spending bill.

yes. So president silence sky is till advocating for more aid because ukraine desperately needs IT. But the government also seems to have realized that large amounts of military aid won't last forever.

So you create is actively looking for long term alternatives to foreign military aid. Just last friday, the defense forum in cave, the government rock together international arms manufacturer from dozens of countries. Presidents lensley told the forum that ukraine has to make progress on the battlefield every day. And to make that happen, ukraine's new defense minister ruster a moera b says he wants ukraine to partner with its analyze and defense industry leaders to manufacture world class weapons.

A mat voter black date.

He's saying our mission is to produce weapons to cover ukraine's needs right now and then after the war, to export those weapons right now.

Another winter approaches of all this stand on the battle fuel.

Well, there's been some incremental progress on the front line, mainly in the south and the east. But ukrainian forces have been died for two main reasons. One is landmines.

The southern front is a filled with them, and ukrainian and forces have to clear them or go around them so they can severe the lander dge to cray mea that would cut off russian supply routes. And the other reason for the slow progress is that russians have learned from their m from their mistakes early in the war and are fighting more effectively. Now I just mentioned crimea.

That's the southern peninsula in ukraine that russia occupied in two thousand fourteen. Ukrainian forces have recently made bold strikes there, attacking russian positions with long range missile provided by the west. Now.

in a letter to congressional lears, a pentagon warned that that is running low on money to replace weapons that they sent to ukraine. Es, so what does that mean for this? Counteroffensive.

yeah, well, that's probably not. Onna help the count. L offensive. But the ukrainians are determine to end this war on their terms, and that means getting all the, but they know that this is going to come in a high cost. This weekend we were at a memorial and sent who'll keep celebrating ukraine soldiers, and that's where we met thirty nine year old, said he monk. He spent his weekends .

delivering .

supplies.

the soldiers. And he's saying here that when he visits the front line, hear soldiers talking all the time about how every piece of land they retake comes at the expense of someone's life.

Join, how is the slow pace the counter offense are playing out with ukraine, other allies.

So on monday, yesterday, foreign isters from countries and the european union showed up and cave to show their support for ukraine and for fast tracking ukraine E. U. membership. But there are cracks here. And their growing hungry, for example, is already friendly with the gremlin and a proc remo in party one elections in slovenia this weekend.

right? That mp. r. Joanna coker is in key. Joanna, things.

You're welcome.

Not long ago, F T X was one of the hottest new companies in finance, but he collapsed spectacularly. Last of amran. Today, its founder goes on trial in new york.

Sam bank man fried, Better known by his initials S P, F, is accused of orchestrating one of the biggest financial frauds in american history. And if he's found guilty, S P F could spend the rest of his life in prison.

Mp r. David gora will be at the courthouse today. David, what has A S B F been charged? group?

Well, sam bein, freed faces seven serious criminal charges, including security fraud and wire fraud. There's also a money launder ing charge. N, S, B, F, has pleaded not guilty to all of these.

F, T, X, was this multibillion dollar company ran on the largest cyp to currency exchanges in the world. A, he spotted anian Wilson. s.

said. When S, P, F was arrested last december, he's the U. S. Attorney for the southern district .

of new york bank freed and his coconut red or small billions of dollars F, T, X customers. He used that money for his personal benefit, including to make personal investments and to cover expenses and deaths of his hedge fun alto research.

So simply put, S P, F is accused of defrauding F T X customers, and investors have cheating them out of their money. Now you hurt damian Williams. Mention altimeter research.

That was the name of an investment fund. Sbf also started a crypto focus hedge fund n and stick with me, because this is important. That relationship between that fund and f, tx. Is at the heart of this case.

What prosecutors allege, a is that alamito research had SBS blessing to steer money from F, T, X, is customers to plug this giant hole and ale to baLance sheet and eight billion dollar hole that developed when cypher Prices crashed last year. So sba faces these seven charges at his trial today, the U. S. Government says he plans to try him on more criminal counts in the future.

What is defense attorneys?

Gonna gue will begin. He is expected to claim he had no intention of draught anyone or committing any crime is it's likely his eternal echo, what he said from the gets go, that he got in over his head as this company started. They started back in twenty nineteen, grew exponentially.

He was in this like twenty. He never managed anything like this before. F, tx. Got really big, really fast, riding this wave of enthusiasm, crypto currency that was also fueling that craze that spent tens of millions of dollars on marketing to brady steff curry.

Larry David, this role paid spokesman for the company, the turning to beat murmers stein, who used to be a prosecutor in the U. S. That turning his office is trying this case told me he expects S, P, F lawyers will play up as much as they can how sba wing S B F scrymgeour mpr e was.

And the more you can confuse the jury or make the jury think it's complicated, the more you support an argument that the defendant also found a complicated.

so complicated S, B, F, didn't fully understand what was going on. A, and something else the defense may try to claim is that back on, sbf was running F, T, X. He got bad advice from other lawyers .

now who's expected to testify.

This jury's lesson starts today. Then we get to the trial itself, which is supposed to last for six weeks. Since sam bank man freed was ended last december, the government has filed separate criminal charges against four of S B S.

Now former colleagues, Caroline edicson is one of them. SHE ran that crypt to hedged fund we were talking about. She's also sbf x girlfriend, not too longer.

Many fx executives live together in this thirty million dollar pent house in the bahamas where the company was headquartered. Now Allison and those three other former executives have all pleaded guilty to the criminal charges against them. And since then, a, they have been CoOperating with the prosecution.

They are likely to testify. And we are also expected to hear from f tx. Customers, customers who lost billions of dollars when the company went fast.

mp. r. David gira, thanks, thanks for are explaining all this to us. They say.

The funds a Butler will make history today when vice president common hair swears her in as california ave, new S. U. S.

Senator Butler will become the first black lesbian to openly serve in the senate. SHE will serve out the remainder of a senate term left vacant by the death of diane finance stein, who represented california for .

three decades. For more on this, we turn a scotch shaver from member station K. D. cocos. Why did going to gave a newsom choose the fans a Butler for that baccy? Well.

I think he has a lot of qualities that knew some likes, including the fact that her appointment as historic as we heard in the introduction, there should be the first lesbian of color to serve in the senate. And some likes that he is also timely. Young, forty four, and he's talked about her resume, you know, her personal experience growing up in a middle class family and mississippi.

And she's also had a lot of work in her, in her past on big issues the democrats care about like abortion. She's had a family's list where she's helped women whose support abortion rights get elected. That's a big issue, of course, for democrats.

And as an open lesbian, SHE can very much relate to the attacks that the LGBT q community are undergoing right now and chAllenges to working people, all those things, and know she's got really solid labor c credentials, which is important to the democrats. Basically, in user said that her experience just meets the moment. And this is how he summarized yesterday.

I just think the fans about there is uniquely positioned, simply the best person that I could find for this moment in this job. And you know a .

lot of people saying all of her priorities going to be, but you know, SHE, she's coming into an institution where seniority is everything and she's dead last in senior oral. I don't think we will hear any big policy pronouncements from her. But big question really is, will SHE run for six years or SHE just gna fill out the rest of die and finds time term? We don't know the answer of that year.

yeah. There are a number of california democrats already vying for the senate seat after finding time, announce that he would not run reelections. So how does butter's appointment affect that race?

Well, it's got a real potential to shake things up and really upsets the apple carton a lot ways. You know, knew some said a couple of weeks ago that he only wanted to appoint someone as an interview senator, not somebody who would run against the current field of democrats, which includes, as you know, adam shift, katty, porter, barbari, three pretty well known democratic members of congress from out here got a lot of blow back for that, especially from black women who thought that was kind of insulting.

You know, they wondered, why didn't any name know congress women? Lee, who is already running for the senate, c is the only black woman in the field. But newsom says, you know, it's up to butley n now. Whether or not he wants to run, SHE hasn't said one way or the other, but I do think the biggest impact is going to be on Barbara. And hard to see .

how is going to help her. Yeah, on barber leave, there was a lot of pressure, as you mentioned, for a Barbara lead at that senator. Why do you think ever knew some didn't choose her a word?

politics. You know we know that former how speaker Nancy policy is a huge supporter of had them shift. She's endorsed him for the senate seat.

And you know right now, Barbara and the polls is running third behind shift and porter SHE said at a hard time, raising money if he had a point at her, might have help her improve her chances a bit um not something that Nancy polo I would have liked but SHE would have been running as an incumbent senator that has its advantages. But the other thing is a car swim. Ly is seventy seven years old. And that might have worked against her, especially given all the controversy we've seen over the last once with senator findings. Physical and mental decline.

That is scot shafer from member station K, Q, E, D. got. Thank you. You're welcome. And that's a first for tuesday, october third of me, Martina.

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This message comes to media sponsor marrow. Whatever your financial goals are, you want a straight forward path there. But the real world doesn't usually work that way.

Mary understands that. That's why with a dedicated maria advisor, you get a personalized plan and a clear path forward. Go to M, L, dot com, slashed, bullish to learn more marrow, a bank of amErica company.

What would you like the power to do? Investing involves risk. Mayo lynch, peer spanner in Smith incorporated, registered broker dealer, registered investment advisor, member as I, P, C.