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US Basketball, Les Wexler, FTX Judgement, Warner Brothers Bankruptcy. · Sunny Mornings Boston

• 0:00
  Good morning and a warm welcome to your show, Sunny Mornings in Boston.
• 0:07
  I'm your host Melissa, and it's Friday, August 9th.
• 0:11
  You'll be interested to know.
• 0:14
  Thirty-six years ago, today in 1988, Wayne Gretzky, a Canadian hockey player, was traded
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  from the Edmond and Oilers to the Los Angeles Kings, a deal that shocked the sports world
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  and stunned his home country, where he was a national icon.
• 0:33
  This monumental trade changed the landscape of professional hockey and highlighted Gretzky's
• 0:39
  immense impact on the sport.
• 0:42
  So now you know.
• 0:44
  And now, it's time for the weather report.
• 0:48
  It looks like we're in for some cloudy skies, with a high near 83.
• 0:53
  Expect a sea breeze blowing at 6 to 14 miles per hour.
• 0:58
  There is a 40 percent chance of rain and thunderstorms, especially before 2 p.m., with light rainfall
• 1:04
  expected.
• 1:05
  Tonight, a 70 percent chance of thunderstorms and patchy fog, with a low around 74.
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  Winds from the south might gust up to 24 miles per hour.
• 1:18
  For all you beach runners out there, the first low tide Friday will be at 915, with a high
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  tide at 1015.
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  The near shore buoy at Cape Cod Bay reads 64 degrees for the water temperature.
• 1:35
  Looking ahead in the weather.
• 1:37
  Expect patchy fog and thunderstorms Saturday, with highs near 85.
• 1:43
  Nights will be mostly clear, with lows around 65.
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  From Sunday through Tuesday, expect sunny days, with highs in the low 80s, and mostly
• 1:53
  clear nights.
• 1:54
  Bonjour, food enthusiasts!
• 1:57
  This podcast is brought to you by Versailles Cafe and Pastries in Encinitas.
• 2:02
  Nestled on El Camino Real South, just north of Encinitas Boulevard, this cafe is a haven
• 2:09
  for culinary delights.
• 2:12
  Indulge in their amazing Eggs Benedict or their gluten-free crepes.
• 2:18
  You can grab a panini for lunch or just breeze on through to get your morning coffee.
• 2:22
  They are open every day from 8 to 5.
• 2:26
  So stop on by and don't forget to tell them.
• 2:30
  Sunny mornings send you.
• 2:33
  In local news, Brandon Ayuk, the 49ers' receiver, is at the center of a media fracas in Boston.
• 2:42
  Sports Business Daily reports a clash between longtime Patriots reporters Mike Grace and
• 2:48
  Mike Felger.
• 2:50
  Felger accused Race of pushing a team-friendly report on a potential trade.
• 2:57
  Felger stated, to me, I smell a rat with the reporting on the money.
• 3:02
  Reese called into Felger's show to defend himself, saying,
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  The insinuation that bothers me is that you think, Mike, that this information is coming from the team.
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  Oh boy.
• 3:15
  Things are starting to heat up in Beantown.
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  Now on to sports.
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  The United States men's basketball team triumphed over Serbia in a thrilling semifinal, securing
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  a 95-91 victory.
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  Steph Curry dazzled with 36 points on 12-19 shooting.
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  Kevin Durant and Devin Booker ignited a fourth-quarter rally with consecutive three-pointers, changing
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  the game's momentum.
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  The United States will now face France for the gold medal at 9.30 p.m. local time on
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  Saturday.
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  LeBron James praised Curry's performance, saying, It was only a matter of time before
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  he had one of these games.
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  Serbia's Nikola Djokic and Bogdan Bogdanovic led their team with strong performances.
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  In local sports.
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  Tonight.
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  The Red Sox are at home to take on the Astros.
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  And top news, Les Wexner, the billionaire behind Victoria's Secret, is reaping benefits
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  from a $1 million seed investment in Atlantic crypto, now known as Core Weave.
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  His family trusts Stake and Core Weave, which is valued at $19 billion, has ballooned to
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  $720 million.
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  This investment, initially advised by Florence Capital Advisors, is now under legal scrutiny.
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  Core Weave, once a struggling cryptocurrency miner, evolved into a major AI cloud service
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  provider.
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  Wexner's real estate moves, including land sales to tech giants, have further solidified
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  his financial standing.
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  In business news.
• 5:12
  The California wine industry is facing turmoil as one of its largest companies, Vintage Wine
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  Estates, filed for bankruptcy.
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  The company plans to lay off its entire California workforce and delist from the stock market,
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  just three years after going public.
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  Despite broader industry struggles, many issues were unique to Vintage, including its rushed
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  public listing through a special purpose acquisition corporation in 2021.
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  Financial reporting errors, lawsuits and leadership changes further compounded its problems.
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  The industry may now see a disruption in merger and acquisition cycles, with Vintage's assets
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  hitting the market at discounted prices.
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  In crypto movement, Bitcoin is just under $61,400.
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  Ethereum is just under $2,700.
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  And Solana is $160.
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  Moving on to a more local vibe.
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  In our community spotlight on health and wellness, we are working with a national Pilates studio
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  to bring you some free classes, so listen up.
• 6:25
  Check out Club Pilates with several locations in the Boston area.
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  Pilates presents a comprehensive wellness approach, cultivating strength, reducing tension
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  and elevating mental well-being.
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  Scientific research affirms its benefits.
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  So now you can check out Club Pilates for a free class.
• 6:46
  With locations in Canton, Wellesley, Hingham, Brookline and Framingham, just be sure to
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  tell them Sunny Morning sent you by.
• 6:57
  And now back to the show.
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  Let's talk tech.
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  A U.S. court has ordered the bankrupt cryptocurrency exchange FTX to pay $12 billion and $700
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  million in relief to its customers, according to the Commodity Futures Trading Commission.
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  FTX misled customers with an illusion that it was a safe and secure place to access crypto
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  markets, then misappropriated their deposits for risky investments, said Chairman Rosten
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  Benham.
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  The settlement requires FTX to pay $8 billion and $700 million in restitution and $4 billion
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  in disgorgement.
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  Founder Sam Bankman-Fried, sentenced to 25 years for stealing $8 billion, has appealed.
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  Votes on the bankruptcy proposal are due on August 16th.
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  And in entertainment news.
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  Warner Bros. discovery is facing significant struggles as its stock plunges due to the
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  expected loss of the National Basketball Association contract and underperformance in key business
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  units.
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  The company reported a $9 billion write-down in its cable TV channel's value, alarming
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  investors.
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  Shares fell by 11% after acknowledging the loss of the National Basketball Association
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  contract during its second quarter earnings call.
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  Chief Executive David Zaslav highlighted changing market conditions for legacy media companies.
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  Analysts suggest asset sales to stabilize the company, which reported a net loss of
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  nearly $10 billion for the quarter.
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  Well, alrighty folks, it's time for the quote of the day.
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  And today, our quote comes from the Canadian Hall of Famer Wayne Gretzky.
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  And he said,
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  The day I stop giving is the day I stop receiving.
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  The day I stop learning is the day I stop growing.
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  You miss 100% of the shots you don't take.
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  And that's a wrap for this morning.
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  You can check out our Instagram, YouTube, and TikTok for some captivating aerial videos
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  with local news and the weather reports.
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  Had an amazing day, my good friends.
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  We'll see you tomorrow with another episode of Sunny Mornings in Boston.