welcome to our viewers in the united states and around the world. this is early start. we begin with global markets in turmoil in the wake of the failure of two major commercial banks, svb and signature bank in the united states. global markets, asian shares closed down sharply as investors fear further bank collapses to come. european stocks have been climbing though in the last few hours, a mixed performance now, but trying to find some footing this europe. and look at u.s. futures, they are up slightly. we ll try to make sense of all of this for you in a moment. one place you don t want your investment dollars right now, regional bank stocks. first republic shares first more than 60%. western alliance bank corp down 47%. driving the u.s. market overall, extreme fear. according to cnn business fear and groeed index. clare sebastian is joining us now. explain why u.s. futures are up again. yes, and there has been five straight down sessions, basically a week of losses le
Conference, it is time that we have a government that matched the ambition that people have for their families and communities, a Government Siding with the builder is not the blockers. A government that will get Britain Building again and with labour we will. Let me give you one example. Our energy grid. Today, new developments are being forced to wait up to 15 years, into the late 2013s, to connect to the grid. £200 billion worth of projects stuck in limbo. Into the late 2030s. So i can announce labours plans to rewire britain, working with ed miliband. 0pening britain, working with ed miliband. Opening up new Grid Connections at competitive tendering. And so that the british people should own a stake in their energy system, the publicly owned Great Britain energy will look to bid into a competition. 220,000 newjobs, lower bills for good and Energy Security for britain. And theres more. We will invest in expanding local authorities planning capacity to speed up decisions and here is
ukrainian people and they should continue to have our support for as long as it takes. fix, continue to have our support for as long as it takes. long as it takes. a few weeks ago, the world cringed long as it takes. a few weeks ago, the world cringed at long as it takes. a few weeks ago, the world cringed at the long as it takes. a few weeks ago, the world cringed at the prime - the world cringed at the prime minister s fawning welcome for elon musk and this time, they are fleeing his platform on the latest vile outburst. what exactly is the prime minister thinking he might learn from an unelected super rich individual who had taken over a once successful organisation and plunged it into a death spiral? mr successful organisation and plunged it into a death spiral? it into a death spiral? mr speaker, it s a striking. it into a death spiral? mr speaker, it s a striking. from it into a death spiral? mr speaker, it s a striking. from the - it s a striking. from the
Saw in rates and compression in some of the prices of the tech companies that exist, it was inevitable. and for years now, we ve known that this kind of concentration risk can be a challenge. certainly the regulatory community struggles to keep up with that kind of fast paced change. sort of a once in a generation set of circumstances. you had all this cheap money flowing. so whether into crypto, into startups or whatever, there is all this money going into deposits of these banks and putting it into super safe at the time treasury securities but now with interest rates rising quickly, those are less valuable. the three banks that failed in the last week were highly concentrated, two did business with crypto, svb it startups. is that part of the problem