fargo, bank of america, jm morgan, morgan stanley lost $50 billion in market value in one day. that s a hit. on the other hand, those banks still exist. you can t say that for silicon valley bank. svb has gone under completely. that makes the second biggest bank failure in the history of this country. and the significant svb financed nearly half of all venture-backed healthcare companies in the united states. it held significant cash reserves for some of the biggest crip toe currencies. it s gone. federal regulators have rename it and taken it over. that means a lot of people lost a lotf of money. most of that money was not insured, no matter what they tell you. the fdic only guarantees bank deposits up to $250,000. nearly 90% of all deposits at svb exceeded that. and it s unclear if those people see their money again. in fact, when customers show up in svb s branch in manhattan to get the deposits back, managers called the police. so, what we have there is the 1929-style b
alvin bragg, is moving toward a likely indictment. trump posted this yesterday on his truth social site calling for his supporters to take action. now illegal leaks from a corrupt and highly political manhattan district attorney s office indicate that, with no crime being able to be proven and based on an old and fully he debunked fairy tale, the far and away leading republican candidate and former president of the united states of america will be arrested on tuesday of next week. protest. take our nation back. this is an immense challenge for the media. many of whose members have longed for trump to be prosecuted. to be fair to an ex-president facing charges in a 6-year-old matter a this most people just don t consider that important. i m howard kurtz and this is mediabuzz. howard: it was just six days ago that donald trump had his lawyer make the tv rounds to defend him in stormy daniels case. in a lengthy clash with ari melbe, attorney joe tacopina said trump did not
protection in the united states, while it seeks buyers for its assets. that s hot on the heels of its subsidiary silicon valley bank being taken over by us regulators and the british arm of the same bank being bought by hsbc. separately, in an extraordinary move to contain panic in the banking system, 11 of america s biggest financial institutions have agreed to a $30 billion bailout for first republic, a regional us bank based in san francisco. here s samira hussain in new york. good to have you with us. explained this bankruptcy protection, how significant is it for svb financial group? it significant is it for svb financial . rou . ? ., , significant is it for svb financial u-rou? ., significant is it for svb financial a-rou? ., .,., significant is it for svb financial u-rou? ., . , , , , group? it wasn t a total surprise that svs, group? it wasn t a total surprise that svs, the group? it wasn t a total surprise that svb, the parent group? it wasn t a total s
struggles that americans are facing. as the president faces accusations of bailing out wealthy democratic tech donors. the consumer price index is out for the month of february, rising .4% from january, up 6% over last year. food costs are up nearly 10% as a whole, and i don t have to tell you that basic staples like eggs jumped 55%. while gas is down ever so slightly, other energy costs are sky high. and the biggest bank failure since the 2008 disaster is adding to the country s economic concerns. it is also fueling a partisan blame game. republicans blast president biden s response to the silicon valley bank collapse, accusing him of giving special treatment to some of his party s biggest donors. while the white house is busy pointing fingers at the last administration. typical. thanks to quick action of my administration the past few days, americans can have confidence that the bank system is safe. during the obama biden administration, we had tough on banks, including t
racing to protect the flooded town where thousands had to evacuate plus, president biden hours away to sign an order reducing gun violence we will talk to brandon tsay, the man that disarmed the gunman former president trump in iowa tears into florida governor, ron desantis we will play for you what he had to say we begin this hour with breaking news. the wall street journal now reporting that the justice department and the sec are now both investigating the collapse of silicon valley bank according to people familiar with this story. nbc news has not confirmed the report at this time. meanwhile, new data we just got in hours ago show that inflation increased 0.4 of a percent last night, and prices for key essentials are high. milk, eggs, butter, chicken and coffee cost more today than they did last year. the report coming one day after the government took emergency steps to prevent a major banking meltdown after the collapse of these two major banks. president biden