crisis. the collapse of silicon valley bank on friday has sent shock waves around the world. it is foiled full central banks and regulators to act. on friday, california banking regulator closed down. largest bank failure since the globalfinancial largest bank failure since the global financial crisis. largest bank failure since the globalfinancial crisis. since largest bank failure since the global financial crisis. since then, to other regional banks have also gone bankrupt, silver gate and signature bank in new york. in a big draw bid to stem contagion across the industry the government stepped in and guarantee deposits across the entire banking system, ensuring that all account holders could retrieve their funds. all account holders could retrieve theirfunds. meanwhile, here in uk, hsbc has acquired silicon valley bank uk forjust a pound. government said customer deposits have been protected and no taxpayer money will be used to bail out the bank. president biden hasju
our republic. they are angry and they are determined, but they have not seen anything like the power of americans united in defense of our constitution and committed to the cause of freedom. there is no greater power on this earth. and with god s help, we will prevail. it is the top of the fourth hour of morning joe. welcome back. it s 9:00 a.m. in the east, 7:00 a.m. in jackson, wyoming, where republican voters yesterday ousted congresswoman liz cheney. former president trump had made cheney his number one target on his revenge tour against republicans who stood against him after the capitol attack. cheney s battles with trump cost her her spot in house republican leadership, and now her house seat entirely. her loss also means eight of ten house republicans who voted to impeach trump will not be in congress next term. and this morning liz cheney spoke with savannah guthrie on the today show about her election loss and the state of the republican party. look, as we
power and ambitions. that s why this californian city will have no shortage of motorcades today. the australian payments to s here too, and so was president biden. the australian prime minister is here too. mr sunak says the uk will spend an extra £5 billion on the ministry over the next two years. br; an extra £5 billion on the ministry over the next two years. by mistake, how will this over the next two years. by mistake, how will this get over the next two years. by mistake, how will this get together over the next two years. by mistake, how will this get together here - over the next two years. by mistake, how will this get together here and i how will this get together here and make people feel more safe back home? ., , , make people feel more safe back home? ., , , , ., , home? the governing s first priority in my priority home? the governing s first priority in my priority is home? the governing s first priority in my priority is to home? the governing s firs
one facet. tsa and security have had challenged. our vendors on our concourses have had challenges. reporter: with passenger totals consistently approaching pre-pandemic levels, the busy summer season has been turning. the heat on the entire airline industry, exposing problems with staffing, scheduling and the handling of bad weather. travelers are frustrated and running out of patience. look at the line. reporter: some industry leaders say unless big changes are made, upcoming holiday travel could be anything but merry. we re going to see the same result, cancellations and delays at the worst time possible. joe, that s the ripple effect when you have just so many different facets of flying impacted by shortages. and shortage of employees.
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