loosened the rules, plus how the collapse is turning into another culture war. then, michael cohen testifie in front of a grand jury settling his - refusing to do what it could mean for prosecutors. running mates, turned politica rivals donald trump and mike pence go head to head over january 6th. the wind up to 2024 as the 11t hour gets underway, on thi monday night here we go good evening, once again, i stephanie ruhle. normally i start this progra giving you an overview of th most important stories of th day. but tonight, there s only on story. it is all about banking, money government, and politics it is exactly what we cove here every night joining me to dig into all o it, my nbc colleagues, jak ward, shannon petty. former wall street banke turned journalist, my friend bill cohen,. before we get into it, let s remind our audience of how w got there. silicon valley bank i, the preeminent bank in the valle for tech it s where all the start o stood their business in many c
the trump era banking law that loosened the rules, plus how the collapse is turning into another culture war. then, michael cohen testifie in front of a grand jury settling his - refusing to do what it could mean for prosecutors. running mates, turned politica rivals donald trump and mike pence go head to head over january 6th. the wind up to 2024 as the 11t hour gets underway, on thi monday night here we go good evening, once again, i stephanie ruhle. normally i start this progra giving you an overview of th most important stories of th day. but tonight, there s only on story. it is all about banking, money government, and politics it is exactly what we cove here every night joining me to dig into all o it, my nbc colleagues, jak ward, shannon petty. former wall street banke turned journalist, my friend bill cohen,. before we get into it, let s remind our audience of how w got there. silicon valley bank i, the preeminent bank in the valle for tech it s where all the start o
Vista for american film. This is cnn breaking news. Im Natalie Allen at cnn center in atlanta. We are following breaking news here. A shooting has occurred in california at a Food Festival near san jose. This is video new into cnn from a witness. The sound of gunshots there and people running as this festival was about to end. This is when it happened. It happened in gilroy, california at the annual and very popular gilroy garlic
festival marketed as one of the countrys largest Food Festivals. According to local news reports quoting witnesses, there are people hurt, and a Law Enforcement official tells us that the atf is responding. This tweeted a short time ago from the Police Department. It says the hearts of gilroy pd and entire community go out to the victims of todays shooting at the garlic festival. The scene is still active. We are closely following the developments from the breaking news. Cnn is monitoring the story from our l. A. Bureau. Also with us, cnn crime and justice rep
ahead. there are still a lot of goo assets inside this bank. we now know that the equit holders have been completely wiped out. the depositors, whose actual money it is, are going to ge their money back so as panicked as people are right now, it might not have a bad ending assuming, panic doesn t worsen just over a motion i think that s right. as long as panicked does not continue to spread, you re right. somebody might snap up thi bank and get a bargain in theory, it s foundational it s fundamentals really wer pretty strong. as bill says, this terribl bet. but you know, you saw the pani from this one episode. then spread over to signatur bank to the bank in new york whic had, of course, some crypt explosion. a lot of people have bee focusing on. that - cnbc today that it was specifically the contagion fro the silicon valley ban collapse we saw it move from one plac to another
exactly if you do, you should suffer the consequences that s the way we thought it was going to work. but not after this weekend now, you can make those stupid bets and not have to really pa the consequences, because th depositors are going to ge filled out however, we ll see. jake, there is a chance at the end of this, right, when all o this gets worked out the government could come ou ahead. there are still a lot of goo assets inside this bank. we now know that the equit holders have been completely wiped out. the depositors, whose actual money it is, are going to ge their money back so as panicked as people are right now, it might not have a bad ending assuming, panic doesn t worsen just over a motion i think that s right. as long as panicked does not