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it s 10:00 eastern. i m ana cabrera reporting from new york. breaking news this morning. first republic bank seized and sold to jpmorgan in an overnight deal. this is now the second largest bank failure in u.s. history, the third major bank to go under in less than two months. how are the markets reacting this morning? and what does it all mean for your money? is it safe? the manhunt for a suspected mass murderer continues in texas. a authorities say they have zero leads. five people are dead, including a 9-year-old boy. a community shaken to the core. we will bring you a live update on where the search goes next. we re asking ever everyone for your help so you can bring this suspect or this monster, i will call him, to justice. a weekend of absolutely wild weather. from a tornado touching down in virginia beach to the historic rise of the mississippi river, expected to crest today in communities already under water. more breaking news. this is out of france w ....
Corporation. there was an announcement that jpmorgan chase will keep the doors open, coming in and buying all the assets of the bank oochs. there s essentially some workings between the government and jpmorgan chase in making this happen. treasury secretary janet yellen was involved and watching the situation as it unfolded over the weekend. again, all this was to ensure that as first republic ended the day on friday, that they could open on monday morning uninterrupted with all the deposits still available to them. those first republic branches will be opening effective today. professor wolf, the treasury department stressed that the, quote, banking system remains sound and resilient. for people watching at home and wondering is my money safe, what do you tell them? the short answer is yes. the good news for most families, if you have less than $250,000 ....