depositors president biden in remarks this morning addressing the moves by his administration america s going to have confidence that the banking system is safe your deposits will be there when you need them. i instructed my team to act quickly to protect these interests. no losses will be born by the taxpayers. i ll break it down with larry summers. the president s heading to san diego this hour with meetings where the british prime minister and australia s leader, highlighting the sale of nuclear submarines to our allies to counter china s indo-pacific power. and donald trump heading to iowa today following the footsteps there with likely challenger, ron desantis and days after his former vice president, mike pence, made his most critical comments yet over trump s role on january 6th. good day, everyone i m andrea mitchell in washington depositors at the failed bank breathing a sigh of relief after the u.s. government led by the treasury department, federal reserve,
february of 2021, signs pointing to a recession soon if they are not already there. and with that cheery news, we kick off the day. john roberts in washington. harris said have a great weekend, i m with it. let s pull up stakes and go home. sandra: go with it. great to be with you, john. sandra smith in new york. this is america reports . latest response from the white house seems to be about semantics with the president and his team trying to change the definition of a recession. the administration is also claiming the economy is in strong shape due to a hot labor market and falling gas prices. john: millions of americans struggling to afford groceries and to fill up their tanks as inflation runs rampant. sandra: mike emmanuel is live on the north lawn, white house says don t look here, not recession, but the white house seems to counter what millions of americans are actually feeling. sandra, you are right. white house officials are already downplaying this week s
and is a soft landing for the u.s. economy still possible, or are we heading toward a recession? let s ask the chairman and ceo of baird company. jason, nice of you here. lots of turmoil in the financial markets. i wonder what you think they re telling us. is this just the end of easy money with higher rates adjustment and the adjustment to that, or is it something deeper in the economy? i think it primarily is an end to easy money, and the fact really is that the fed has obscured what the rate in the markets has been for 13 year. so there s an adjustment period right now. i think most of the decline in stocks thus far has been associated with higher interest rates and an acknowledgment the that inflation is a little bit more structural. what you haven t seen yet and which is somewhat concerning for us is that you haven t seen earnings expectations for, for many companies come down yet. and so right now it would be hard to say that the market is telling you there s going
What is going on . The once bulletproof market looking vulnerable. I send out a sos Phil Blancato is here, Dan Fitzpatrick on deck. Gas prices are starting too rise. Is this beginning of or the end . Tracy shuchart on this could go. What happened to the safe havens, folks. Everyone said Consumer Staples you couldnt lose. They should be the workhorses of any portfolio. That is back in april. Now theyre down big time. Nancy tengler here how to balance your portfolio in the more vulnerable days. You dont want to miss my takeaway on Government Data absolutely crushing the average american, not the data but the policies based on this faulty data. Wait until i give you the gdp of 2008 before and after. All that and so much more on making money. Charles all right, folks, another rough session and its getting to the point where those who kind of laugh at seasonality, you know, a lot of brainiacs, oh, seasonality, i think they will probably avoid walking under ladders or even throwing salt over
Vostok thwarted three attempts by the Ukrainian Armed forces to carry out a rotation in the southern donetsk direction of the special operation in the kupinsky direction, where a unit of the west group is operating, our military repelled six enemy attacks. An enemy selfpropelled gun, pickup truck, Armored Vehicle and tank were destroyed. In kamchatka, the klyuchevskoy volcano is erupting, it threw ash to a height of 5. 5 km, two lava flows are coming down from the slope, the power. Hardening, according to scientists, will increase, the secretions of the redwood will lead to strong mud flows, expected in the nearest settlements ashpath. Today the central bank will consider the issue of the key rate; according to experts, it will most likely be raised to 14 . The last time the bank of russia raised it was in september and now it is 13 . The Israeli Defense forces called the second tank raid in the gaza strip a success in 2 days. The enclaves Health Ministry has published the names of mor