concerned? it s a joint effort. i think that biden has moved with white house officials, including jeff steins, the white house chief of staff going to the middle. he did go to the border after the house flipped to the republicans, that was not a coincidence and signed a d.c. crime bill. but signs that they know this is a tough race to win. david: charlie, what are your folks in the financial community tell you about whether or not we re going to have recession before? if we have a recession in the election year, that s got to hurt biden even more, right? yeah, and i said two years, i mean next year is the election year and that s when the recession could come. here is what they re telling me. inflation is still sticky. that means that we had larry fink on fox business you know, he s a democrat as you know, he runs blackrock. i believe four more rate hikes are in order. david: that makes us closer to recession, possibly. you know, there s a lot of there s a lot of stuff out
businesses and this could get messy and the broader question, does everybody have the same liabilities, all of these treasury bonds, which they do. neil: we ll see. still early on in the process. hoping it s not the contagion we saw 15 years ago. and charlie gasperino makes him so good, he s on top of this, even things that are bad. in the meantime, china. the leader there is now the longest serving leader since 1949 and you should hear his plans, after this. today, everything costs more: gas, groceries, cars. we all need cash in the bank to stay ahead. well here s great news for veterans who own a home. home values have climbed to near all-time highs, too. that means the cash you need is right there in your home. newday can unlock it with the newday 100 va cash out loan. it lets you borrow up to 100% of your home s value. not just part of it like some other loans. pay down high-rate credit card debt, consolidate your second mortgage and car loans,
was unique to silicon valley bank. we told you about meetings abroad with british officials and all, seeing how there could be exposure there, if there s exposure there or working weekend for the financial titans of this country, we re told. charlie gasperino with more on that side. charlie, where does this stand? well, right now, i would say every major wall street firm, that is banks, firms, private equity firms, they re looking at this and looking in several ways. if you re goldman sachs you re looking at it because you re the banker for svb, silicon valley bank, you re looking to sell it to something, like to sell the whole thing. if you re somebody else, do i buy the whole thing or pieces? if you re bank regulars, i forgot them, you re looking to see if it creates a lehman moment where there s systemic risk next week to the entire banking system. that part, i think is doubtful that it would be a lehman-like
it s a taboo. some people think that countries are democracies, you might not like it # and you can quit if you don t like it, but i think it s been characterized, especially if we find out later they had never raised these issues with management, let alone elon musk. there s more to this than i expect we re hearing. and we all screw up now and then, but open letters to the new york times is a little bit much, right? so you think that before you go the open letter that it leaks to the new york times, you go to hr and say, listen this guy is making it difficult for us to work here doing x, yz. it s a job, it s not a political action committee. neil: life isn t fair. and i want to take back the letter i wrote to gasperino. good to see you, so you weren t fired.
that itself was a big deal. all of this was a back drop and elon musk firing about a half a dozen workers there that spoke out in a publicized letter against his leadership style. satisfying he was rough on folks, and called musk a distraction and the kind of behavior that hurts investors and fellow workers. and he canned them all. charlie gasperino, i wanted his talk, and he s the brainiac. it s his company, but ruffled a lot of feathers. the headline is not good for elon musk. it contradicts what he stands for, he claims to be a free first amendment absolutist that he believes in the free flow of ideas and also some people expressed some ideas and he fires them. that on its face would be hypocritical. legally, completely legal.