any moment now, president biden will address the nation from that podium right there amid concerning questions about potential contagion in the u.s. banking sector. what does that mean for your money? a very good monday morning to you. i m jim sciutto. and i m erica hill. president biden expected to try to calm fears in a matter of moments when he does make his way to that podium, this amid the failure of two u.s. banks. we re talking about silicon valley bank, which you ve heard a lot of this weekend, as well as signature bank. the biden administration is taking emergency action here and there is the president. let s listen in. for california. i want to briefly speak about what s happening to silicon valley bank and signature bank. today, thanks to the quick action of my administration over the past few days, americans can have confidence that the banking system is safe. your deposits will be there when you need them. small businesses across the country that deposit ac
Hil officially start at liverpool on june the hil officially start at liverpool onjune the 1st, liverpool on june the 1st, after they liverpool onjune the 1st, after they agreed a deal worth more than £9 million, with this gives you an idea which is how highly they rate arne slot. Also worth noting hes been announced as the head coach of liverpool rather than the manager as part of a new look structure under the new sporting director richard hughes. Why have they gone on the slot . Easel enjoyed a lot of success. Last year, final one, but they finished in the dutch league second. Theres quite a few similarities with jurgen klopp. Hes been far more successful as a manager than a player. He has a reputation for playing dynamic, exciting football and being an excellent man manager who gets the best out of his players. We have the backing of klopp and urging fans to get behind the new man. But arne slot has a pretty tough act to follow. Chelsea are set to announce lyon boss Sonia Bompasto
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have two effects. those companies banks and others that are holding u.s. government bonds and this is also around the world, they re going to see a devaluation in the value of those bonds, if they re not held to maturity. secondly, in his recent testimony, the chairman of the federal reserve basically discounted the fact that he is in the process of throwing 2 million americans out of work. his solution is to throw americans out of work to put them on the bread lines. i m sorry, that is not the right solution. look at the corporate earnings. take a look at the corporate earnings for the petroleum industry. never been higher. take a look at the corporate earnings for the rail industry. never been higher. therein lies a lot of the problem. the price of gasoline, for sure. let me just very quickly ask you this. the president raised an issue here. you had dodd/frank passed in the wake of the 2008 financial crisis. there was a rollback of some of