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failed within three days of each other. that led credit for moody s to downgrade its outlook for the entire u.s. banking sector. and those worries skyrocketed today because of troubles facing the global investment company credit suisse. the saudi bank failed to rule out giving funding to the already embattled company that combined with the recent u.s. issue sent stocks falling. i want to bring in business reporter rahel solomon, rahel, walk us through what happened today. well, jake, basically the mood for investors, as investors search for the next sign of weakness. to be clear, i think the nasdaq actually closed slightly higher which is interesting. but this is really just a confidence issue at this point. you can see that reflected very clearly in some of the bank stocks. i want to point your attention to some of the regional stocks, jake, you and i have talked about already. first republic bank off 21%, pac-west off 5% on top of the losses. it s been a rough go fo ....
So there are common themes and those have to be fixed. yeah. my car is almost seven years old, and it has a feature that alerts me if they think i m going to hit the person in front of me. i would think that every airplane would have that. well, yeah. you know, this is really interesting that was one of the things the ntsb brought up today. they said one of our recommendations is 23 years old. i happen to remember that, i was in the department back then. they tested some of this equipment back in dallas in 20 oh, 20 years ago. and it was doable back then in about 2000, they tested. and that was the equipment to give pilots the alert, just not air traffic controllers the alert. for example, if you re confuse at the runway and you aren t getting the right communications, the controller yelling stop, abort isn t going to get through where the new systems would actually give the alerts to the pilot. so there are many things or the horizon, but the problem is ....
With the increased cost of production, i don t think you ve begun to see the cap of the food cost at the grocery store yet. i see it getting much worse before it gets any better. bill: speaking of cost of food on screen. all food up 7%, meat 12%. dairy 3%. fruit and vegetables 5 1/2%. you gave a great quote you said eisenhower once said you think farming might look easy when you are 1,000 miles from a corn field. is that right, brooks? is that directed to folks in washington, d.c.? dana: what do you think d.c. could do to help you at all? free up some of this trade. open some of these pipelines back up to get our fuel costs back down. just for instance we were doing maintenance work on equipment back in the shop back in early january and i bought a drum ....
Lot of people in the last day or two, there was a trade made. if you think our government and president is doing everything they can to try to ensure the safety of those in afghanistan. it blows my mind there s no plan in place for this. you get the chairman of the joint chiefs that makes 16,$000 a month and the paycheck is too good for something as simple as the guys on the ground getting the equipment back, those that saved our lives. jillian: you had a close call with the taliban and sniper, how dangerous is the taliban and? ....
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