let s go to kelly o grady on why this is so different. kelly? well, great to see you, neil. yeah, when i woke up this morning and i heard that j.p. morgan chase had taken over first republic, it reminded of 2008 when you saw them take over bear stearns, when you saw them take over washington mutual. one of the key take-aways, the big bank banks keep getting bigger. j.p. morgan won out on a competitive bidding process. they re taking over all deposits. the bank will also make a 10.6 million payment to the fdic as part of this takeover. they were operating as usual today. the one that i m at, folks were coming in and out, checking their accounts. the president said he feels like the banking system is going to be okay. listen to this. regulators have taken action to facilitate the sale of first republic bank and ensure that all depositors are protected and the taxpayers are not on the hook. these actions are going to make sure that the banking system is safe and sounds. ma
execution style. greg abbott is offering $80,000 award for the arrest of francisco oropesa. he is an illegal immigrant who has been deported five times. family members gather in the community to remember the victims, including the five year old boy. a neighbor asked him to quiet down and he allegedly opened fire on his family killing five of the 10 people inside the home. that man lost his wife and step-son in the senseless attack. i never thought he would shoot and he went room to room shooting. i can t believe what he did. meanwhile, el paso expected to issue a new state of emergency as border facility hit full capacity ahead of the end of title 42 in just 10 days and border officials releasing this new video, do not believe the lies of assert smugglers. listen here. do not take the dangerous journey only to be sent back. many migrants don t know and believe the lies they hear on social media or hear from others. griff: we are in brownsville, ground zero in the past 12 da
Im Cheryl Casone i am in for maria bartiromo, tuesday, september 5,8 00 a. M. Eastern time, time for the hot topic of the hour former President Trump calling states attempts to disqualify him from ballot in the 2024 president ial election a trick in truth social post claims almost all legal scholars voiced opinions at 14th amendment has no legal basis or standing, relative to the upcoming 2024 president ial election, like election interference another trick used by radical left the the wall street Journal Editorial Board out with a new oped on this exact top say removing mr. Trump by fiat would also deny voters us the constitutional right for the candidate of their choice, this is aside from mr. Smith the special prosecutor accuses mr. Trump of violating, flats would arguably commit same offense section 3 elizabeth of the 14th amendment, and what journal argues about instead of letting Voters Decide who should be on the at about they are trying to use law basically barking up wrong tre
Stocks right now are moving mixed, the dow and s p lower, the dow down 87 points, but the nasdaq is up 27 s. And what do we have . We have this month which has a very bad reputation. For the last 77 years, the s p has averaged a threequarters of a percent loss during september. Now, historically it is known as the worst month for the index. And if you go back to 1928, that loss worsens to an average fall of 1. 1 . Yes, the stats back with up that bad reputation, but its not necessarily predictive, folks. And if the last two weeks are any indication like you see on your screen, that big run iup we saw runup we saw could mean the bulls are emboldened this time around. When we keep an eye on this holidayshortened trading week, air travelers are keeping an eye on the flight monitors. We have this breaking news, United Airline shares are moving lower by 2. 5 at this hour after a temporary but pretty serious or nationwide ground stop. Weve got matt finn joining us now from los angeles with t
How hes positioning from here. Bailing on Home Insurance. Whether to campaign for it or will gas prices climb sky high . But first, lets get to todays markets. Dom, good to see you. Good to see you, too. And i do not selfinsure my home. I pay somebody else to do it, because theyre the experts. If you take a look at the markets overall, we have seen both sides of the unchanged line, at least with the nasdaq composite, just so slightly in the green, 14,038. For the broader s p 500, maybe a better measure of the overall market. Its been down all day, down nine points right now, one quarter of 1 , 4506. Even at the highs, we were almost flat, down one point at the high, down 19 points at the low. So, again, a predominantly lower session, just fractionally so. The dow off 93 points, 34,743 the last trade there. Kelly mentioned about the oil prices. We are now, by the way, for u. S. Benchmark west texas intermediate, the highest oil prices we have seen going back to november of last year, on