Housing, in urban affairs will come to order. The days after the run on Silicon Valley bank, when it was close by the california banking regulators and taken over by the fdic many in washington, new york, in california asked, how did this bank and Signature Bank, soon after, failed so spectacularly . Was it the regulators falling down on the job . Was it new technology . The first social media fueled bank ran . How on earth could this happen . In ohio, the, no one is surprised by the hubris of coastal Bank Executives. The old adage has become cliche because it is so often true. The simplest explanation is best. It is first and foremost the bankers fault that the banks crashed. We know that federal and state banking officials repeatedly told managers and directors of your banks where there were problems, big problems the kind of problems you cant ignore. The tiny you have to start fixing right away. Bank executives did not listen. That is a well documented fact Silicon Valley banking si
Sailing into stormy waters. More territorial tension between hanoi and beijing as china launches naval drills. Sovereignty their is being violated. You can follow me on twitter. Dont forget to include the hashtag trending business. China and hong kong markets get underway in 30 minutes time. Singapore, taiwan, and my later have come online. Lets go to david. David we are looking at declines in the early hours of asian trade. It is hard to not figure out what the next catalyst will be that drives equity to the upside. Volume is dry. The u. S. Was closed overnight. The jobs data is coming out. Equity markets, which have enjoyed a fiveday run are having a bit of a blowback right now. The rba trade numbers and retail sales are due out in 30 minute time. Asia looks like this. Down. 33 . These are the mining stocks. Going the opposite way for obvious reading is obvious reasons. Have a look at silver. Have a look at gold. Platinum also. Silver touch 21 yesterday and this is where we are havin
Lows of 8 10 of 1 down in hong kong. Picture insome mixed the economic front with the Industrial Production rate rebounding. Retail sales continue to fall, local reports youre talking about the strategies and plans coming out of the csrc chairman. Is expected to be promoting stability over reform. Shelving theks of ipo process. We could be seeing some changes there, coming out of the new chairman. A stronger yen. Little bit ofa paring off on those gains from the equity side. The emerging market debate as we continue to talk about this, we continue to see a case that the headwinds are better than expected, better than usual. Cheap, it has only been cheaper than these recent levels of six times. We are seeing a 28 discount. It is budget day in india. I want to talk about the india rupee. The dollar is strong trend against the rupee. We are approaching a low on the india rupee. 68 was the low in august. We could see continuing weakness. Rish . Rishaad the finance ministers it didg up the
Are going through difficult times as we all know since Hurricane Harvey made landfall a week ago and devastating texas and houston, beaumont, rockport, we continue to follow the developments. As we have seen the present first lady have been able to infuse some hope for the people. It was difficult to hear the present but we heard the words thank you over and over again. The president of the United States starts loading up your truck or your car. Fox news alert, President Trump is in houston for his second visit to the flood ravaged city this week. The president s meeting with Harvey Victims as americas fourthlargest city is still struggling in the wake of the powerful storm. Hello everyone. Welcome to another hour inside americas news headquarters. Its been a busy day. Im kelly. Molly the president also said to travel the hardhit louisiana. Were harvey made it second line fall. Mr. Trump expected to meet with emergency officials there. Fox Team Coverage with steve on the ground in clev
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