Donald trump expected to leave trump tower in mid town, manhattan minutes from now and in the courthouse in Lower Manhattan. The first day of a civil trial relating to claims of fraudulent Business Practices within the trump organization. So more coming up on that as it happens here. Meanwhile, the crisis is unrelenting. Illegal Border Crossings hitting an alltime high under President Biden and repercussions are being felt everywhere coast to coast and especially in this town as we say good morning. Im bill hemmer. Dana has the day off today. Gillian turner is here. Gillian i got in 9 30 last night. Great to see every store open. A guy was singing Frank Sinatra on the megaphone. People eating ice cream. Bill it wasnt raining, too. Gillian the numbers are stunning at the border. More than 260,000 illegal crossings in september alone. More than 2. 2 million have crossed this fiscal year, nearly four times the population of wyoming. Bill its putting a strain on cities everywhere. The open
manufacturing moving again. you have some information that republicans don t want america to know. what is it? well, i don t know what they want america to know, but we want america to know that there is actually some good news. it relates to manufacturing, which has been, as i m sure many americans, all americans know, a tough place for us in the economy in recent years. let s look at what has actually been happening over here. as i mentioned, manufacturing construction, the suspending on manufacturing facilities was kind of flat lining, jumped up a little bit but never over $100 billion. we ll remember donald trump said he was going to make america great again in manufacturing. he persuaded the carrier corporation to keep a few hundred jobs as large costs of tax benefits. foxconn was suggested to invest $20 billion. they backed out and only invested a small amount of money. we have $189 billion of manufacturing spending since the biden inauguration that has been announced and expec
rates still attest. but in silicon valley it made for an epic pay day. it was soon reflected on the balance sheets of its biggest local lenders which was called silicon valley bank. in 2018, svb had about $49 billion on deposit. three years later that same bank had amassed more than $189 billion. that is a gargantuan amount of deposits over a short period of time. dramatic enough to have raised a serious question and an obvious one. what was silicon valley bank gonna do with all that money? even the san francisco bay area, it would be hard to find qualified borrowers for $189 billion. you could not responsibly loan all of that money even if you wanted to. so what would you do with it? that s the question you would have asked if you were paying attention, both from inside svb or the regulatories action. turns out nobody was paying attention.
contraception. the rights of americans to, to marry whom they love. there s actually, there s actually a reason why there was a, a sense of urgency yesterday to getting that legislation passed and signed into law. yeah. and president biden referenced clarence thomas, justice thomas yesterday, and that opinion saying this is part of why we felt we needed to push forward and should point out 12 republican senators signed on to this. got a handful in the house as well to put this over the top. we ll have much more on that ceremony place and sound in a bit. headlines, news out of forbes this morning. elon musk no longer the richest person in the world. he held that title since september of last year. now it becomes, though, to lbmh chairman bernard ar no overseed louis vuitton tiffany s and others his net worth just and youer $189 billion. musk is now second on the
years, there s no consistent leader on that list. you had bill gates, carlos slim in 2012, elon musk now with $189 billion. the leaders tend to change. the only thing that s consistent is that the billionaires are getting richer. the richest are getting richer and the wealth disparities are becoming wider. again, if you gave me $28 billion, i would be quite happy. what would you even do with that much money? buy a professional sports team. musk is still barely the richest at this point, but his unpopularity is also going up. tell us why that is. yeah. you know, if you look essentially at the polling and you look at musk s negative or