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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
PeopleJamie-faillaThanksPricesPronounsNeil-cavutoU-s-SadDowGutfeld16Bank good monday morning to you. i m jim sciutto. hi jim. great to be with you. i m jessica dean and happening right now. massive protests in israel, a crippling general strike and several mayors launching a hunger strike after prime minister benjamin netanyahu fired his defense minister for opposing his plans to overhaul the judicial system . this as many israelis fear the united states closest ally in the region is moving further away from democratic principles. ahead we will have the very latest from jerusalem remarkable events there in israel plus today and though the round of were severe weather expected to strike the southeast of this country, parts of alabama and georgia, bracing for large, hail , damaging winds this after just devastating tornadoes ripped through the region this weekend . at least 26 people are dead, several others injured. we re going to take you live to see scenes of that damage. we do begin this hour, though. with those protests the ongoing general stri
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