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The fraud case against Sam Bankman-Freed will soon be in the hands of the jury.

And the Federal Reserve holds interest rate steady and the US economy is strong.

So why aren't Americans happier?

There are objective reasons why you can look around and say the economy is actually on average pretty good for most people.

But boy, just try telling that to folks. They're not buying it.

Plus foreigners and injured Palestinians begin to arrive in Egypt.

It's Wednesday, November 1st. I'm Amary for Toly for the Wall Street Journal.

This is the PM edition of What's News, the top headlines and business stories that move the world today.

Closing arguments are underway in the trial of FTX founder Sam Bankman-Freed,

after nearly a month of testimony about his role in the crypto exchanges collapse.

Bankman-Freed spent three days on the witness stand, where he acknowledged that he made mistakes,

but said he never intended to defraud anyone.

In his closing argument, prosecutor Nicholas Ruiz said the court dispute wasn't whether Bankman-Freed took the money,

but whether he knew it was wrong.

Joining me now from outside the courthouses Wall Street Journal reporter Karin Bremy.

Karin, let's start with Sam Bankman-Freed's testimony.

How well did it go for him?

So what he was trying to accomplish on the witness stand was telling his sort of own version of events to the jury.

...