the wall street giant said it would pay $10.6 billion dollars to the federal insurance deposit corp, after officials shut down the smaller bank. first republic had been under pressure since last month, when the collapse of two other us lenders sparked fears about the state of the banking system. meanwhile, the managing director of the international monetary fund kristalina georgieva says she expects more weaknesses to be exposed in the banking sector. so just how vulnerable is it? let s ask the chief global investment officer of oreana financial, isaac poole. isaac, great to get you on the show. in the first instance, how much of a risk do you think there is of a failure amongst other us banks in the system? i failure amongst other us banks in the system? failure amongst other us banks in the system? i think there is a real risk of that- the system? i think there is a real risk of that. this the system? i think there is a real risk of that. this is the system? i think
in about a year and a half, still high. bill: that would normally mean another rate hike on the horizon, but the fed could be forced to rethink that. dana: the moves are designed to protect the u.s. financial system and make sure customers do not lose their deposit. bill: the president insisting this is not a bailout, some folks beg to differ. well, it is a bailout, we give a lot of support to banks. banks pay a premium for insurance, capped at 250,000. if we change the rules and give them more coverage than anybody else gets, i think that s a bailout. the think you have to understand is that what they re doing now with the bailout, printing money to solve the problem. and there is this inflation problem that started the whole thing and they re trying to fix a banking problem by printing money. that will make the inflation problem worse. dana: we have analysis, let s begin with grady. last week a rate hike was almost a given, now things are more complicated, the
how there are backups? neil: you know what? the problems are not over yet. you re looking live at atlanta airport. airlines are struggling to get back on track after all flights were grounded because of a nationwide computer glitch. we don t flow what caused the glitch. close to 8,000 domestic flights delayed, more than 1,200 cancelled altogether and wore all over it with steve harrigan in atlanta and how folks are dealing with it there and how transportation committee members nancy mace on calls for investigations to what happened here. welcome, everybody. i m neil cavuto. let s get to it in atlanta with steve harrigan. steve, how are things looking there now? neil, planes are taking off and landing again. you can tell from the numbers here, this airport, the busiest in the world is empty today. no lines, no people. a long way from back to normal here. of course, what happened in the early hours this morning, almost unprecedented. you have to go back to 9-11. a complete
it is election day in america. hello everyone i m anderson cooper welcome to our viewers in the united states and around the world. you are looking at live pictures of voters lining up to cast their ballots. polls are open in a majority of states. at this hour six more states are opening their doors to voters. the big question who will control congress. dozens of house races are considered toss ups, republicans need to win 30 competitive seats to win the majority. in the senate the race is likely to determine control are very tight. republicans need a net gain of one seat to clinch the majority from democrats. more than 40 million americans have cast their ballots in early voting ahead of today. it all comes down to turnout today and the issues. the only certainty is that voters will decide who they elect and who controls congress. we have this consequential midterm election covered for you from coast to coast. i want to begin with our coverage with cnn s jason carroll li
there is a lot to discuss. with our cnn political commentators. we have scott jennings, karen finney, and senior political analyst, bonnet brownstein. great to have you here. let s start with the senate debate. the john fetterman and mehmet oz that just happened tonight. and of course, crime came up. it has been a big issue in that race. let s hear their exchange. i m the only person on the stage right now that has been successful about pushing back against gun violence and being the community more safe. all he has done is just put a plan on his website in the last 24 hours. he has no experience. he has never made any attempt to try to address crime. the eternal order of police, from braddock, this meltdown he represented, endorse me, because what he is saying it s not true. violent skyrocketed in braddock. the town wasn t in good shape when he got there. it got worse when he. okay, john. i know you are chomping at the bit. i thought this was an important exchange bec