the billionaire is here, too. let s get the latest from kelly o grady in los angeles outside first republic bank that yesterday at this time, its very future was in question. not so much today. kelly? that s right, neil. first republicly closed down 62% yesterday. i just checked and looks like it s up 28% today. that s a good sign for them. we re seeing more concern with scb. the fdic is looking to avoid a bailout and look for a buyer. we re learning that the fdic is looking to hold another auction to sell svb after attempts failed this weekend. my sources tell me a number of private equity firms are considering the acquisition but they re not sold on buying the bank in its entirety yet. this comes as a shareholder class action lawsuit has been filed against the bank and the former cfo and coo. there will be many suits to follow on this front. this comes as governmental scrutiny ramps up on what went don at svb. the doj is investigating the collapse. this is routine in a si
families can t buy baby formula. bill: 40% of brands are out of stock nationwide. one republican lawmaker saying she is hearing from border agents who say their facilities have entire pallets of formula set aside for illegal immigrants crossing the border. these agents themselves have families and they have family members that can t get this baby formula in the stores. in texas and arizona, new mexico. the richest nation in the world and we re scrounging around for baby formula? the formula crisis is just one of many disasters facing biden s administration. americans scrounging for gasoline money as inflation is running at nearly a 40-year high. today the average price hitting yet another all time high, $4.43. bill: crime is another concern. the president will meet with police chiefs and mayors today to talk about it in cities across the country see a staggering rise in homicides. let s go to the white house where peter doocy is reporting live from the north lawn. w
by may 1st, less than two months from now, he s directing all states and territories to make all adults eligible for the vaccine. you ll also want to mark july 4th on your calendar. biden is expected to announce americans should be able to gather in small groups by then. two dates to look forward to as today marks one year since the world health organization officially declared the coronavirus to be a pandemic. it s a sobering milestone with more than half a million american lives lost between that declaration and tonight. even with biden s hopeful announcement, tonight is one of those occasions when it is important to step back and remember how we got here. starting one year ago today, march 11th, o 2020, when the world stood still. just moments ago on capitol hill government health officials testified on the government s response to coronavirus and this statement from one of the nation s top medical experts was not reassuring. we will see more cases and things will get
plane headed into this thing. they are calling it a tropical disturbance for now just to see if it s serious enough to name it a tropical storm possibly in the next couple of hours. keep in mind we re also learning major oil companies are not taking any chances with this disturbance. evacuations have begun just in case and the mayor of new orleans, mitch landrieu, he ll be holding a news conference as they are all watching this disturbance as well heading precariously closely to their government line. we ll keep an eye on all of it and let s move on to some other news. moammar gadhafi, a la saddam hussein, is threatening to plunge his country into a drawn out civil war, but did you know it is 42 years to the day since a much younger gadhafi seized control of libya in a military coup. now presumably on the run but apparently still alive, gadhafi is extorting supporters exhorting excuse me, exhorting supporters to fight to the death. here s his message. this was aired today