250 officers involved and a reward totaling $80,000 for tips that bring him in. they say the man they re looking for is armed and dangerous and could be literally anywhere. i pretty much can guarantee he s contacted some of his friends. we just don t know what friends they are. that s what we need in the public, is any type of information. right now we re just running into dead ends. do you all believe that the suspect is still in the area? we do not know. like i said, right now we have zero leads. that attack happened on friday night. since then ten more mass shootings have taken place across the u.s. including eight yesterday. among them, a shooting at a house party in mississippi that left a 16-year-old and 18-year-old dead and a 19-year-old under arrest. at almost the exact same time gunfire broke out at a house party in massachusetts killing an 18-year-old and wounding five others. in south carolina, nine people shot, most teenagers after gathering in a park arou
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capital requirements. they re going to be forced to look at merging with rivals to try to scale up and have greater resources to put into consolidation, put into technology. brian, let s talk a little bit, if hugh is talking to us about the ripple effects, some of the bigger issues and trends we can see. help us understand how we got here. is there a fear that more customers will start pulling their money? for what it s worth, the issue at first republic appeared to be unique. the reason why is they reported last week they lost 40% of their deposits at the beginning of the year. the reason first republic was a victim of what happened at silicon valley bank is because the profile looked similar to the two banks that failed in march, one being a large concentration of deposters that had money behind the $250,000
confidence in both what jpmorgan chase did and the government overnight. brian cheung and hugh son, thank you for keeping us updated. breaking news tied to the spacex launch explosion a few days ago. five environmental and culture heritage groups are suing the faa for failing to conduct a proper comprehensive environmental impact report before allowing spacex to launch the largest rocket ever built in texas. the explosion shot large metal chunks of concrete and metal into a sensitive hab at that time, sparking a fire near the launch site. e. jean carroll back on the stand in the civil rape trial against former president trump. plus what the judge said to trump s lawyer s request for a mistrial. we re live outside the courthouse in new york next. oue courthouse in new york next. corner including walgreens.
since silicon valley bank failed. first republic is even bigger, the largest bank collapse since 2008. the president speaking moments ago saying people shouldn t worry. let me be very clear. all depositors are being protected. shareholders are losing their investments. critically, taxpayers are not the ones that are on the hook. here to break it down is nbc s brian cheung and cnbc s hugh sung. what does this mean for first republic customers. what happened is over the weekend the government recognized that first republic may not have made it to monday morning. the government was going to step in, take ownership of the bank and sell the assets at the same time to another bank so come monday morning it would open under new management. they found the best bid from jpmorgan chase, able to open up first republic locations and
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