deeper trouble, and two credit firms downgraded first republic bank to jump status. though they gave back some ground by the close the dow industrials and s&p 500 still ended the day down significantly. shares of regional banks including first republic were down sharply, in first republic s case by more than 21%. big banks which are more tightly regulated also took a hit with citi group shares down 5%. we ll have more in a moment on what this means to markets and the economy. chris tone romans and phil mattingly with me for that. first we re joined by senator bernie sanders. senator sanders, how much confidence do you have in the banking system right now? and should people watching be worried about their bank and their savings? well, i think we re all concerned about what happened at silicon valley and we re looking at other banks around the country. and i think our hope and our prayer is that there s not going to be contagion. and i think it s imperative that the congress
Illegally monopolised markets across the live Concert Industry in the United States for too long. Live nation denies that it is a monopoly and says a breakup would not mean lower Ticket Prices or fees for fans. For more on the story head over to our website where we have more analysis on the story. Tesla boss elon musk has spoken out about the biden administrations tariffs on chinese electric vehicles. Musk says he is not in favour of the measures as they will distort an already competitive market. The tariffs take effect on august one. We are keeping a close eye on the unrest in New Caledonia. The french president Emmanuel Macron has wrapped up his 24 hour visit the territory. He pledged not to force through a controversial voting reform in the territory after weeks of deadly rioting. New caledonia is also the worlds one of the worlds leading producers of nickel and accounts for 6 of global supply. Recent disruption sent nickel prices to a nine month high. I spoke to a principal analy
Live nation and services. We allege that live nation has and services. We allege that live nation has illegally live nation has illegally monopolised markets across the live Concert Industry in the united live Concert Industry in the United States for too long. Live United States for too long. Live nation denies that it is a monopoly and says a breakup would not mean lower Ticket Prices or fees for fans. For more on prices or fees for fans. For more on the prices or fees for fans. For more on the story prices or fees for fans. For more on the story had prices or fees for fans. For more on the story had over to our website where we have more analysis on the story. Tesla boss has spoken out about the biden administrations tariffs on chinese electric vehicles. Elon musk says he is not in favour of the measures as they will already distort the track they will distort an already competitive market. The tariffs take effect on august one. Keep a close eye on the unrest in New Caledonia. The f
deeper trouble, and two credit firms downgraded first republic bank to jump status. though they gave back some ground by the close the dow industrials and s&p 500 still ended the day down significantly. shares of regional banks including first republic were down sharply, in first republic s case by more than 21%. big banks which are more tightly regulated also took a hit with citi group shares down 5%. we ll have more in a moment on what this means to markets and the economy. chris tone romans and phil mattingly with me for that. first we re joined by senator bernie sanders. senator sanders, how much confidence do you have in the banking system right now? and should people watching be worried about their bank and their savings? well, i think we re all concerned about what happened at silicon valley and we re looking at other banks around the country. and i think our hope and our prayer is that there s not going