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FOXNEWS Your World With Neil Cavuto July 6, 2024

the billionaire is here, too. let s get the latest from kelly o grady in los angeles outside first republic bank that yesterday at this time, its very future was in question. not so much today. kelly? that s right, neil. first republicly closed down 62% yesterday. i just checked and looks like it s up 28% today. that s a good sign for them. we re seeing more concern with scb. the fdic is looking to avoid a bailout and look for a buyer. we re learning that the fdic is looking to hold another auction to sell svb after attempts failed this weekend. my sources tell me a number of private equity firms are considering the acquisition but they re not sold on buying the bank in its entirety yet. this comes as a shareholder class action lawsuit has been filed against the bank and the former cfo and coo. there will be many suits to follow on this front. this comes as governmental scrutiny ramps up on what went don at svb. the doj is investigating the collapse. this is routine i ....

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BBCNEWS World Business Report July 6, 2024

the global economy is expected to grow a paltry 3% over the next five years, according to the head of the international monetary fund. her comments were made ahead of the imf and world bank s spring meetings, which kick off today in washington. our north america business correspondent samira hussain is there. high inflation continues to plague countries around the world. central bankers are raising interest rates to try and slow down those price increases. as a result, however, is we have some of the weakest growth projections by the international monetary fund since the 1990s. now, with the world s finance ministers and central bankers all meeting in washington this week, the increasingly fragile global economy will certainly be the focus, along with ways for countries to try and mitigate some of the negative impacts of those interest rate rises. now the high inflation, however, is already having an impact on poorer countries, pushing them further into financial distre ....

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BBCNEWS World Business Report July 6, 2024

welcome to world business report. i m ben thompson. in the last few minutes, the international monetary fund have released their outlook for the global economy. they have revealed it has reached a highly uncertain moment so let me run you through the numbers in the latest economic outlook. the imf expect it to grow a paltry 3% over the next five years. 2.8% this year. the uk is on track to be the worst performing advanced economy this year. expected to shrink by 0.3% in 2023, much worse than many other g7 countries. they say will grow by i% in 202a. the us in contrast, it is forecast to grow by much more, by 1.6% this year and a further i.i% by much more, by 1.6% this year and a furtheri.i% in by much more, by 1.6% this year and a further 1.1% in 202a. the imf s director of research painted a mixed economy. the director of research painted a mixed econom . ., , ., y director of research painted a mixed econom . ., ., , ., , economy. the global economy remains on track ....

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BBCNEWS World Business Report July 6, 2024

after bloomberg reported they are among the banks under scrutiny in a us department ofjustice probe into whether financial professionals helped russian oligarchs evade sanctions. shares of ubs and credit suisse fell more than 6%. and secondly deutsche bank slumped more than 13%, after a sharpjump in the cost of insuring against the risk of default after concerns about what happened to credit suisse. so what is happening to an already beseiged banking sector? hopefully, russ mould, an investment director at aj bell, can help us make sense of it. ross, what is happening? i think ubs and credit suisse under in a regulatory investigation is clearly unfortunate. equally, both forums have been under regulatory scrutiny before, so perhaps you shouldn t be quite so shocked there. i think the rise in deutsche bank is indicative of wider loss of confidence in the banking sector. i think there is a gathering fear that central banks may have overdone it with great interest rate inc ....

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CNN At This Hour With Kate Bolduan July 6, 2024

price hike for the covid vaccine. senator bernie sanders calls it outrageous. he joins us live. this is what we re watching this hour. thank you so much for being here. i m kate bolduan. two big stories we re tracking. first, a major outage is causing huge flight disruptions. thousands of flights are delayed or canceled. rue now the faa did lift the ground stop that par liesed domestic air travel. the cause still unclear right now, even as airlines are starting to get flights back up in the air. we re also keeping a very close eye on the deadly storms in california. at least 17 people have been killed from what is now weeks of rain, floods, mudslides, and was some pretty big winds. as bad as it is already, more rain is still on the way. let s start with pete muntean. he s at reagan national airport. pete, a computer outage that absolutely no one needed right now. what is happening? reporter: no doubt, kate. the cascading effect is only beginning. 6100 at last check a ....

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