to proceed. given the biden administration has said one of the key pillars in foreign policy when presented with a choice between autocrats and democracies, they stand with democracies. can you help us understand why the secretary decided to proceed with the trips given the ban and should we expect that going forward? our relationship with egypt is a important strategic partnership. the secretary met with his counter parts and talked about that. i ll tell you when it came to the press coverage of that portion, having looked further into it, the egyptians lived up to what they had greed upon. some of the lessons learned was in terms of making sure that we were on the same sheet when it came to understanding press access. so we will continue to work. the u.s. had agreed beforehand there there would be a band of journalists? we did not agree to a ban. we agreed to have official photographers. we had one reporter come in to one of the sessions but a portion that was going t
the billionaire is here, too. let s get the latest from kelly o grady in los angeles outside first republic bank that yesterday at this time, its very future was in question. not so much today. kelly? that s right, neil. first republicly closed down 62% yesterday. i just checked and looks like it s up 28% today. that s a good sign for them. we re seeing more concern with scb. the fdic is looking to avoid a bailout and look for a buyer. we re learning that the fdic is looking to hold another auction to sell svb after attempts failed this weekend. my sources tell me a number of private equity firms are considering the acquisition but they re not sold on buying the bank in its entirety yet. this comes as a shareholder class action lawsuit has been filed against the bank and the former cfo and coo. there will be many suits to follow on this front. this comes as governmental scrutiny ramps up on what went don at svb. the doj is investigating the collapse. this is routine in a si
walloping part of america and this part was at a snow deficit on the interior. so some of those folks getting that snow and fisher american not out today or tomorrow. they ll get back to business thursday or friday as the for either continues another 24 hours of this in some form and capacity, neil. buckle down, because the winds, they re still ripping here in the cape. neil: i m enjoying my warm studio, robert. have fun. he s an animal, isn t he? robert ray in the middle of that craziness, right? the craziness that we ve been seeing in our financial system, this is a time when presidents become the financial consolers in chief. how is this one doing? after this. back when i had a working circulatory system, you had to give your right arm to find great talent. but with upwork, there s highly skilled talent
second. i have no risk. i m going to go crazy like those guys did at the silicon valley bank and do stupid things. if anything goes wrong, as long as i stay within the baseball rules of banking, nothing can happen. the fed covers all my depositors. neil: that s very interesting. and richard says it doesn t stop here with other banks. he says it goes higher. respond to, this kevin. this is from robert. well, let me say it again. the problem is the bond market. my prediction i called lehman brothers years ago. i think the next bank to go is credit swisse. if that happens neil: because of its exposure to a lot of this? yes. because the bond market is crashing. neil: he says bigger fish are
41st guy doesn t become your best friend. you re broken down, you re human. martha: so just be nice. some company could make so much money if they said we have human representatives. martha: i have a human representative. thanks very much, jimmy. jimmy, good to see you. that s the story for today. we ll see you back here tomorrow. neil: svb warned. are the banking rescues encouraging more rescues and more risks? why kevin o leary is leery. he s here. why rich dad important dad s robert kiasacki is a bigger bank failure is coming. just wait. investors celebrate other positive signs like maybe the federal reserve holding off on a rate hike that could have happened might still happen next week. is ken fisher one of them? what does he think?