Lets get straight into the burning issues. With me is kelsey butler, adam tim gunn, and chenal bass lake. A number of big Asset Managers have been getting into an expanding in private markets. What is it doing . Kelsey the firm is definitely growing its footprint into private credit. For one, they have appointed their cfo, Meg Mcclellan into a newly formed role of how to private bets. They are also doing hiring and potentially more acquisitions o grow their assets. Lisa what is the goal here . Why is this happening now . Kelsey it is part of a push from investors. Investors want someone who is specialized in these unique asset classes. Especially when you are talking about alternatives and there are some intricacies along the way. Lisa although, how much is this coming from investor demand, how much from the fact that fees are higher in the alternative space . Kelsey that is definitely a driver as well as these have kind of compressed along the board. Banks are making the smart decisio
Also this hour, ron desantis at war with some fellow republicans who are taking aim at the Florida Governor over his support of Teaching Guidelines that suggest enslaved people benefited from slavery. All that, plus a woman who faked a story about going missing is now being charged for false report by officials, you say they wish they could have gone further. In a global heat wave from soaring temperatures here at home, to heat fueled wildfires overseas, will bring you the latest on the dangerous situation around the world. Lebron james posts new video of his son, brawny, just days after he went into Cardiac Arrest. What bronnys Health Crisis can teach parents of other Young Athletes, especially young men of color, thats all coming up next. Were gonna begin with former President Trumps rally in pennsylvania, which is set to start in just a few hours, hell be hearing even more baggage this time, with those for us charges from the doj on the classified documents case. Lets go right to it
Housing affairs will come to order. Thanks to the new deal and the hard work of our regulators today, most Bank Failures of course never a good thing or generally not a big deal but the quick collapses of Silicon Valley bank and Signature Bank were no ordinary failures. In less than a day, Silicon Valley Bank Customers pulled 42 billion dollars out of the bank fueled by Venture Capitalists and their social media accounts. They created the largest and fastest bank run in history in the following days Signature Bank lost 17 billion dollars. Regulators both republicans and democrats came to gather to prevent the panic from spreading. They increase liquidity, they promoted confidence in our Banking System, they protected deposits of customers and Small Businesses not notably the investors the investments of executives and shareholders. I spent that weekend on the phone with ohio Small Businesses and banks and credit unions. While Small Business owners simply wanted to make payroll. They di
Luke . Hey, everybody, good morning. And we are now seeing a very different version of dr. Ben carson. In those heated Republican Debates, carson has sometimes been calm to the point of vanishing. His chief rival, donald trump, has derided him as low energy. Well, not anymore. This is a side we havent seen. Here he is scolding reporters for raising questions about key parts of his personal story which have been a central part of his Campaign Calling it a witchhunt, and abcs mary bruce is at the white house for us this morning with more. Hi, mary. Reporter hi, paula. Good morning. Well, you know, having your past picked apart comes with the territory when youre running for president , but ben carson, the famously softspoken republican frontrunner, made very clear last night he has had enough when it comes to these latest accusations. Fired up. Thats ridiculous. Reporter and firing back. I never wait a minute. Dont lie. Reporter ben carson defending himself against allegations that his s
And star wars surprise. The brandnew trailer for the force awakens and the juicy new clues. I will fulfill our destiny. I will finish what you started. Character revelations and a lingering question, where is luke . Hey, everybody, good morning. And we are now seeing a very different version of dr. Ben carson. In those heated Republican Debates, carson has sometimes been calm to the point of vanishing. His chief rival, donald trump, has derided him as low energy. Well, not anymore. This is a side we havent seen. Here he is scolding reporters for raising questions about key parts of his personal story which have been a central part of his campaign. Carson calling it a witchhunt, and abcs mary bruce is at the white house for us this morning with more. Hi, mary. Reporter hi, paula. Good morning. Well, you know, having your past picked apart comes with the territory when youre running for president , but ben carson, the famously softspoken republican frontrunner, made very clear last night