FTX's Sam Bankman-Fried Speaks Out, Oil Prices Rise, and Markets Look for Signs of Strength 12/01/22

Congress is set to hold its first hearing on the downfall of FTX, which comes on the heels of founder Sam Bankman-Fried's conversation with Andrew Ross Sorkin at yesterday's DealBook event. CoinDesk's Tracy Wang explains the latest. Plus, oil saw 3% gains yesterday in its best day since early November. Kpler's Matt Smith breaks down the energy outlook. And, futures are lower after the major averages rallied on the back of Federal Reserve Jerome Powell's signaling that smaller interest rate hikes could come as early as this month. The Glenview Trust Company's Bill Stone and RDM Financial Group's Michael Sheldon weigh in on the markets.