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
now it s time for the last word, with ali velshi in for lawrence. good evening, ali. you set me up well with that conversation about having an economy that s working now, but not without hurdles and pitfalls, and this is not a good time to be messing with it. to be messing with it without insane list of demands that would never come to fruition. correct. and probably can t even passer own conference. correct. so thank you for that. and you have yourself a great weekend, it will see you next week. you too, buddy. our economic plan is working. that s the message from president biden today in, it has been his consistent message about the recovery from the pandemic since his election. today s jobs report showed united states economy added 311,000 net new jobs last month. that is way higher than the predicted 225,000 from dow jones. today s jobs report also gave us an incredibly low unemployment rate. 3.6%. now that s higher than the unemployment rate from last month
donald trump is claiming authorities will arrest him tomorrow relating to alleged hush money payments made to an adult film start stormy daniels. while a decision from a grand jury not far from right here where i m sitting could still be days away it. would make him the first former president indicted in our nation s history. what we know, what we don t, and the potential political impact here is our lead story. correspondent david spunt joins us now from the justice department. good evening, david. bret, good evening to you. late this afternoon, perhaps the final grand jury witness in a year s long investigation involving alleged hush money payments between the former president and an adult film address. two heavy hitters in manhattan court this afternoon, former trump fixer michael cohen and robert costello, cohen s one time confidante who rebuffed cohen. now is he on the revenge tour. i tonight condone it. i went in there to tell these people the truth about hot real
that would never come to fruition. correct. and probably can t even passer own conference. correct. so thank you for that. and you have yourself a great weekend, it will see you next week. you too, buddy. our economic plan is working. that s the message from president biden today in, it has been his consistent message about the recovery from the pandemic since his election. today s jobs report showed united states economy added 311,000 net new jobs last month. that is way higher than the predicted 225,000 from dow jones. today s jobs report also gave us an incredibly low unemployment rate. 3. 6%. now that s higher than the unemployment rate from last month, which was 3. 4%. but there s actually reason for that. it s a good one. it rose because more people were encouraged to drop into the workforce and look for. a job. 242,000 more americans enter the workforce looking for a job, to be exact. he s president joe biden today. the job is about a lot more than a payche
is the first person to take on permanent washington. in 2017 donald trump dropped on d.c. like a nuclear bomb. the president was finally telling the bureaucrats who pulled the levers of our government. permanent washington then hit trump with everything they had. investigations impeachments, and leaks the useful idiots in the press who cost play like they speak truth to power but, instead, carry the water for the powerful. 2020 comes around and they hide under hunter biden s laptop right before an election only pulling back the curtain after joe biden slips into the white house. now trump s back on the campaign trail, promising, in fact, in ed the ukraine war within 24 hours. no says permanent washington. so a district attorney in new york that almost no one has heard of cobbles together a frankenstein prosecution to take down his party s biggest political enemy. the two star witnesses a disbarred lawyer and a porn actress. both with a lot to gain. stormy daniels is getting r