Wider Middle East war. Fox on top of triple storms, that are coming down. First to the Stock Slide on wall street. All three major averages ending way down again today. No one seems safe. The global sell off extending to asia, to europe as markets around the world Begin Trading on what consumers have long been feeling. A lot are tapped out and investors are now shouting out. How long does this Go On . Is this sell off long overdue or just over done . Welcoming everybody. On a crazy day. We have seen backtobacktoback days the last winning day, last wednesday, and that was about 6,000 Dow Point ago. What has happened . Lets go to susan lee. In the great to quote the greatest investor, oracle of home that, Warren Buffett who says in the times he advises investors to be greedy when preople are fearful selling off half of his apple stake, cashing up to 277 Billion dollars, that tells you there has been a recent market peak. Now if you look overall, and reframe, you are up on the year, the n
cnn s state of the union right now with caitlin collins. fallout. a key bank fails prompting some calls for a government bailout with washington split over a plan for the overall u.s. economy. i don t know what there s much to negotiate on. where is it heading? former economic adviser under president trump gary cohn joins me and republican congresswoman nancy mace coming up and reckless, in his sharpest rebuke yet, former vice president mike pence says history will hold his former boss accountable for january 6th. will other potential trump challengers agree? plus, a new voice, a multimillionaire is running for gop. we are hungry to be a bigger part of ourselves. will he be the head of the republican party? hello. i m caitlin collins in washington where the state of our union is watching the 2024 race heat up. big news in the gop presidential primary. mike pence went further than he ever has before behiendz closed doors at the gridiron dinner in washington d
This is the way banks are designed. you know, banks take in a lot of deposits and they invest them and they re-invest them in the economy which we understand is very important as banks take in deposits they re-invest them into people s mortgages and credit cards and automobile loans. so this is the traditional way that banks work. they hold some money aside for daily liquidity, but traditionally very few a very small percentage of deposits go out of the bank each day, but when a bank is perceived to have lost confidence with its customers, customers want to have their money out of a bank and financial institution and they withdraw compound upon each other and that s exactly what we ve seen at silicon valley bank and the need to withdraw or the want to withdraw has compounded and the bank does not have the liquidity to allow those customers to take their money out of the bank. so what s the right response here. if you were still in the white