Data being released from the Anderson Economic Group estimates that in the first two weeks of the UAW's stand-up strike has resulted in $3.95 billion in economic loss.
uncollected. guys nbc s erin mclaughlin, thank you very much. and before we go to break, a developing story from wall street the markets are dropping sharply right now tied to more concerns over banking the dow is down more than 500 points before the bell after shares of credit seuss hit an all-time low as the swiss lender with large operations in the u.s. tries to stabilize its financial and customer losses. we re going to be following this we ll have much more coming up on morning joe. still ahead on morning joe, what we re learning this morning about a showdown over the black sea. senate foreign relations committee member chris coons joins us to weigh in over that encounter between a russian jet and a u.s. drone plus, our next guests ask the question, can we put an end to america s most dangerous myth? we ll explain exactly what that is next on morning joe.
Whatever is going on in the banking and financial sector over the past several days, things appear to be getting more dire, not less. In an effort to prevent the banking crisis from spreading, [.]
so shareholders taking action to recoup their losses in a class action lawsuit commit claims svb should have warned investors it was particularly susceptible to a bank run. he goes on to accuse svb ceo and executives of deceiving executives with this regard. the white house promised to hold those responsible to account, but the republicans feel federal regulators dropped the ball not being aware of pending back failure as they should have been. wyoming senator said this as a member of the senate banking committee i have been following the events last week and closely these events for the result of some federal bank regulators being asleep at the wheel and shocking and poor management by isolated members of bank. a bailout with risky behaviors by similar institutions down the road. federal regulators are not calling this a bailout since customer losses will be paid with fees collected from banks and not taxpayer funds, ashley.
banking committee, i ve been following the last week closely. the events are result of some federal bank regulators being asleep at the wheel and poor management by banks. federal regulators are not calling this a bailout since customer losses will be paid with fees and not taxpayer funds. todd: regulators had one job and apparently did not do it. former trade commission chief joined us last hour saying the same thing, that the bank would not have collapsed if the federal government did its job. the first thing out of the president s mouth, like the railroad calamity. we will hold those accountable. i ve seen no evidence of wrongdoing at the bank. that is not helpful for calming markets at times they need