Steeper decline. We will have the first numbers. First contraction in 6 years and also hearing from Federal Reserve jay powell later today. Also another big day for earnings, boeing is in focus this morning, wall street journal reporting reporting thae aircraft maker is facing criminal probe into Quality Control issues on still grounded 737 max fleet. The company also reported looking to raise capital to major bond sale. On tap before the bell this morning, General Electric is out with its earnings along with master card and ensurers anthem and humana, after the numbers attention to microsoft, facebook, tesla, markets are higher, take a look at futures, gain at the start of trading, dow futures right now showing a gain of 180 points, three quarters of 1 . S p is up 25 and nasdaq higher by 93. This after the dow, nasdaq and the s p 500 erased early gains yesterday to actually end lower. Dow industrials were down 32 points at 4 00 oclock on wall street yesterday and nasdaq down 122 and s
About the collapse of silicon bank west church of the largest Bank Failures in u. S. History. Congressman mchenry discussed the role the Federal Reserve and the Deposit Insurance Corporation Bank Regulation of Risk Management. This event as hope and by the brookings institution. Kground noises] [background noises] good morning everybody. Im director on fiscal and Monetary Policy and be half the hutch and Center Center on me you to this event both the people in the room and the people watching remotely. Our subject today is what lessons we have learned from the really interesting efforts of march 2023. A year ago the glol Financial System suffered the most significant banking stress since the Global Financial crisis of 2007 and eight. As you all probably know if event Silicon Valley bank failed prompt and the fdic to take it over the middle of the dayay could not even make d it to the weekend which is as a one off event. Silicon valley was certainly for lack of a better term unusual. Th
Nt is hosted by the brookings institution. David good morning, everybody im director of financial policy here at brookings. Id like to welcome you to this event, both the people in the room and people watching remotely. Our subject today is what lessons we have learned from the really interesting episodes of march, 2023,. A year ago the Global Financial system sthiferred most significant banking stress the Global Financial crisis of 20072008. As you all probably know, Silicon Valley bank failed prompting the fdic take it over in the middle of the day couldnt even wait until the weekend, which is really unusual. Its tempting to see this as a oneoff event. Silicon valley was, for want of a better term, unusual. Almost all its deposits were uninsured, it was woefully unprepared for an increase in Interest Rates, but it was followed by what some have called the panic of 20 if thenature bank and First Republic and oversea credit suisse. To arrest what u. S. Authorities feared was a spreadin
Cspan is your unfiltered view of government. Were funded be by these Television Companies and were including buckeye broadband. Buckeye broadband supports cspan as a Public Service along with these other television provers. Giving you a front row seat to democracy. Republican congressman Patrick Mchenry of north carolina, chair of the House Financial Services committee, spoke about the collapses of Silicon Valley bank and Signature Bank last year, two of the largest Bank Failures in u. S. History. Congressman mchenry discussed the role of the Federal Reserve and federal Deposit Insurance Corporation Bank Regulation and Risk Management. Thisookings institution. Q3 david good morning, everybody, im director of financialhere a. Id like to welcome you to this event, both the people in the room and people watching remotely. Our subject today is what lessons we have learned from the really interesting episodes of march, 2023. A year ago the Global Financial system sthiferred most significant
Us in a couple minutes. Plus, nova nordisk is experimenting with an obesity drug. And big tech struggles. Apple, those shares are looking for a bounce after a sixday selloff. Tesla, similar story. No longer one of the most valuable s p 500 companies. Lets begin with the 1 billion Equity Investment led by liberty strategic capital. Hes going to join us in a few moments. Got some clarifications today. More data on deposits, the percentage that are insured and so forth. I think its important to know when the former secretary of treasury did a previous deal, which was a deal involving a bank that really was one of the worst run banks in the country, came in, had the bid that was best for the ftic. The cover bid, much lower. It ended up making him a lot of money. Thats being dredged up as somehow against him. The reason i mention that is because the risks may even be bigger here. If only just because were dealing with so many rentcontrol units and the law changed ip2019 to make it so those