TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and why Bitcoin’s self-proclaimed founder is in trouble.
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00:00I'm Conway Gittins reporting from the New York Stock Exchange. Here's what we're watching on the street today.
00:04Investors are upbeat after June retail sales came in unchanged versus the 0.3% drop expected by economists.
00:12Earnings season is also inspiring some confidence in the market. Bank of America beat second-quarter sales and profit forecasts.
00:19Earnings at Morgan Stanley jumped more than 40 percent, also topping estimates.
00:24In other news, the man who claims to be the inventor of Bitcoin is in legal trouble for, well,
00:30claiming to be the man who invented Bitcoin. The British High Court has agreed to push forward a case that accuses
00:36Australia's Craig Wright for committing perjury
00:38tied to his claims he created the digital currency. The court has ruled that in Wright's attempts to prove that he is indeed
00:45Satoshi Nakamoto, the online moniker for the person who created Bitcoin, Wright has, quote,
00:51extensively and repeatedly lied and engaged in, quote,
00:55wholesale perjury and forgery of documents. The matter has now been sent to the Crown Prosecution Service in the UK,
01:01which could issue a warrant for his arrest on perjury charges and request an extradition.
01:07The true identity of Bitcoin founder Satoshi Nakamoto has remained a mystery ever since the Bitcoin blueprint for a
01:15decentralized open-source network hit the web in 2008.
01:19That'll do it for your daily briefing from the New York Stock Exchange. I'm Conway Gittins with The Street.