bank and signature bank are facing lawmakers who blame the poor management for the banks failures. the bank ran into trouble after depositors removed their funds causing a panic within the banking system. congress want to know what went wrong. it was the first time anyone had heard from the former ceo of silicon valley bank after the spectacular collapse of the financial institution, he ran for more than a decade. becker apologised what happened but did not seem to take any responsibility for the eventual collapse. in the former executives that were there were slammed for the millions of dollars they received compensation. they were asked if they had any intention of returning some of those funds. how much of the $40 million did you earn from loading up banks with this? are you planning to return to the fdic was yellow compensation, there s been a lot of talk about it long term and short term. i lot of talk about it long-term and short-term. lot of talk about it long-term an
second biggest economy grew 1.6% on annualised rate, much better than what had been predicting, thanks to private consumption and an unexpected rise in capital expenditure. let s bring in neil newman from the quarry capital who joins us live from tokyo. thank you for joining us. the data has come out a lot stronger than expected, talk us through what s been doing quite well. this is a very big and positive surprise. we have been closely watching wage growth, the wage number, which hasn t really filtered through into anything visible as yet. the gdp numbers certainly does indicate there is a large amount of the domestic economy contributing to this. as you mentioned cap ex, business spending was up on the annual basis, way ahead of expectations. but even consumption was also up, 0.6% against the market consensus of 0.4. even though it appears the wage number we have been looking at, the last numbers in march, they were not that impressive, in fact they were quite depressing. t
vacuuming their carpets and floors vacuuming their carpets and floors. what we started identifying is that in certain homes identifying is that in certain homes the consumer would turn the vacuum cleaner over, take a knife the vacuum cleaner over, take a knife and scissors, slide their hair off knife and scissors, slide their hair off of knife and scissors, slide their hair off of the brush roll and pull hair off of the brush roll and pull it hair off of the brush roll and pull it out. at the end of the cleaning cleaning session, we would prompt cleaning session, we would prompt them to say, is there anything you would change about the vacuum cleaner, and their answer the vacuum cleaner, and their answer was, the vacuum works great answer was, the vacuum works great. when we said, what about when great. when we said, what about when you great. when we said, what about when you pulled my hair out, what when you pulled my hair out, what we found was consumers actua
big consumer tech companies go about improving the product and keep one step at a the rivals? we been getting an insight from one ceo. , , , ,, one ceo. sometimes in business, ou re one ceo. sometimes in business, you re solving one ceo. sometimes in business, you re solving problems one ceo. sometimes in business, you re solving problems that - you re solving problems that people didn t even know they had. we went into consumers homes and started observing them in vacuuming the carpets and floors. we started identifying as that in certain homes, the consumer would turn the vacuum cleaner over, take a knife or a sister, slice the hair off the brush roll and pull the hair out and at the end of the