street. president biden pushes his case for a massive tax and spending increase in his new budget. and a stronger than expected jobs report is not necessarily what the fed wanted to see. we have fox team coverage tonight. charles payne in new york tells us what happened with the silicon valley bank and what that means for the rest of us. but we begin with white house correspondent peter doocy and the president s take on the unemployment numbers. good evening, peter. peter: good evening, bret. there was a run on a struggling bank known for loans to startups and things went south so quickly within about a 48-hour period that the feds came in to take control of the country s 16th largest bank. i think we got a good jobs report. peter: 311,000 last month better than expected. so no plans to back off the spending plan paid for with new taxes for the rich and corporations. ronald reagan was doing 8% tax rate. you know that whacko liberal guy. you know. peter: it s been ec
state regulators wasting little time to take possession of silicon valley earlier today before a sudden cash crisis risks becoming a bigger one. then just as quickly reassuring investors their money was safe. the fdic taking control of silicon valley bank s deposits and letting customers know that they would have access to their funds by monday morning. it was all meant to avoid a run on the deposits and one that could spread. neither happened today. janet yellen said she was watching silicon and a few other banks she didn t name very carefully. other government officials stressing that silicon s case was very unique. in the case of silicon, it happened very fast after announcing a big loss on the bond holdings earlier this week. most of the bonds were bought long before the aggressive rate hikes that began almost a year ago. meaning those investments were underwear as bond prices declined and silicon was struck. today s strong employment report showing a bigger than expected
newsroom, we re following global reaction boy the arrest warrant for russian president vladimir putin, we ll go live to kiev ahead. and to on you allow the use or prescription of abortion pills, the signs that point to a possible indictment of donald trump possibly soon. this comes amid a monday mental ruling by a federal federal judge involving one of former s president s attorneys. live from cnn center. this is cnn newsroom. with kim brunhuber. russian president vladimir putin, the world could be a lot smaller than it was for him 24 hours ago, the international criminal court issued an arrest warrant for him and the kremlin so-called children s rights commissioner alleging they re responsible for the illegal deportation of ukrainian children to russia, international court was created to prosecute individualized of such actions right now, 123 countries recognize its jurisdiction and if putin travels to any one of them he could be potentially arrested there. russia, howev
some reporting for miranda devine s book about a payment, made by f.c., a chinese energy firm, to hunter biden sand th business associate, rob walker . you ve heard about himen. too and then colmer took it a step further, noting that the money was then sent directly to accounts associated with the biden woulds. you think that would be the end of major bombshells for the week, but wasn t the one wee that drug was droppedu are weeingay to laura, you simply won t believe at the end of this. i think we re goingsay theree there are probably six or seven biden family members that were involved in various w business schemes around the world.w wow. brot, weabout knew about hunte we knew about joe s brother, james . but colmer revealing it could me be six or seven biden familyrsm membernes is massive news.e of and last night we learnede un the identity of one of the unknown unknowns who got this money from china? bo s widow and hunter, his exexg girlfriend, howie biden,ir we know
this week s actions demonstrate our resolute commitment to insure that our financial system remains strong and that depositors savings remain safe. paul: let s bring in jason trender, chairman and ceo of an investment strategy firm. jason, quite a week in financial markets. you know, the treasury secretary says all is well, safe and sound, but the markets aren t acting like it. just how big a question a problem is this in the banking system? well, paul, we don t know yet, but i think that, you know, history has taught us that, generally speaking, when there are problems like this in the banking system, they re not they generally don t tend to be isolated. i feel very strongly that in many ways the precursor for this has been 12 the years of i would say borderline irresponsible monoair the policy and fiscal policy paul: right. and so in some ways, it s not surprising that when inflation moves higher as a result of those policies, that people get caught offsides when