Stores are closed. A lot of velocity, it will bring a lot of hazards, a lot of damage. They conditions are getting worse by the minute. This is already happening. Here it is, it is on the ground. We need to prepare for catastrophic impacts. Neil get ready because it is almost on, Tampa And Fort myers, as florida braces for impact. Hurricane milton becoming category three storm ours away from making landfall. The outer bands are already hitting, dropping from airports and military bases, schools and colleges and Theme Parks are closed as this Monster Moves in. Millions in its path or heading out, they got the warnings. Welcome everybody, im neil cavuto. Category three storm now still dangerous, twice the size of what it was yesterday at this time. Go to Steve Harrigan in tampa with more. Reporter hello neil, it is picking up here right now. To my right, wonder if it will go flying i cannot imagine anybody getting into their car at this point with this wind and rain. We just thought two
state of our economy. good evening. the day started well enough for biden with a jobs report showing the u.s. economy adding 311,000 jobs last month. we created more jobs in two years than any administration created in the first four years. it s no accident. it mean our economic plan is working. but that good news was quickly overtaken by bad news that could get a lot worse. thank you. thank you. silicon valley bank may not be a house hold name. but it is a very big deal in term of lending to and financing operations of many leading tech companies. and today, it collapsed. struggling with high interest rates, unable to find a buyer. well, the very last time we ve seen a bank of this magnitude fell was in 2008. and, that could be a true indication of where our economy is at. now, the white house insists comparisons with the financial crisis of 2008 are overblown. our banking system is fundamentally different because of the changes that we put in place in 2008.
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ba banks in this country, wellsnkco fargo, bank of americauntry,, jp morgan, morgan stanley, collectively lost more tha nne fifty billion in market value in one day. that s quite a hiat s a ht. on the other hand , those bankss still exist. and you can t see that for bank.n valley as of this morning, silicon valley bank or svp, has gone under completely.es the that makes the second biggest bank failure in the history ofef this country and the significant sub finance, nearly half of all venture backed health care and technology companies in the unite healthcai states .ant cash it also apparently held significant cash reserves, just one of the biggestrves for cryptocurrencies, and it s now gone. federal regulators have renamed it and taken it over.ov and that means an awfu l lotf m more people lost an awful lot of money and most of that money was not insured. nhat theyno matter what they t, the fdic only guarantees bank fdicdeposits up to two hundred and fifty thousand. an