kev kev quite a date here in the nation s capitol. good evening, trace. breaking tonight, investors in silicon valley bank have already taken legal action to recoup their losses after, of course, the bank collapsed on friday despite the class-action lawsuit and a volatile day on wall street. as you pointed out, the president wants americans to believe our financial institutions are, in fact, secure, while also being careful to not use the banking b word. bail out. no losses will be born by the taxpayers. instead, the money will come from the fees that banks pay into the deposit insurance fund. reporter: while the fdic insures bank deposits to a quarter of a million dollars, nine of 10 depositors of xeb had more than that amount in the bank. still, the administration says they ll be covered. nothing to worry about. that also includes customers of new york-based signature bank which also collapsed over the weekend. the third largest bank failure in american history. signatu
so bad, he will do what it takes to get it under control even if it means more economic pain. have got to get inflation behind us and wish there were a painless way to do that. there isn t. david: working americans are spending a month out of their annual salary to keep up with soaring prices. is inflation and its causes killing our economy? let s ask our panel, dan heninger, kim strawser land mary anastasia o grady. biden is downplaying inflation, powell saying it is essentially willing to risk recession to cure it. who is right? let s focus on that remark by president biden that inflation last month rose inch. a new turn for the economic lexicon, inflation coming up and inch. the biden white house and the federal reserve are operating in alternative universes when it comes to inflation. the white house has become a wholly politicized subject. the federal reserve, it is about economic reality. the white house is avoiding the underlying economics of inflation, trying to
. . rachel: good good morn america. it is 6:00 am here in new york city. that was your national anthem. i m so happy to welcome joey, brian to the couch today. brian: that was live. i wasn t aware it goes from one nation do this. rachel: you are american history. that is why we do that. brian: i don t think that is the reason. what did you think about, the way to open the show. brian: i did not know you did it. i did not know you get real viewer pictures so people mail in different photos. joey: first time i filled in on the show, it wasn t viewer pictures but dogs. then it was cats. somebody complained about cats. rachel: we did all babies, all dogs, and because of pete we did cats. the ratings changed. started the cats. love the photo of the couple picking blueberries in the summer. nothing more american than that. that is what we do ends. brian: that is what we do. nothing more american than picking blueberries. i don t foe what kind of traditions you have in your ho
awhile. great to have you. stocks have been rejoicing. more on that in a second. now on something that is happening that would make you wonder why are they rejoicing? edward lawrence with more. we end a week with more bad economic data for this administration. now, the fed s favorite inflation indicator, if you see inflation, is now at the highest level since january of 1982. in fact, the hit song at that time was let s get physical by olivia newton john. pc inflation year over year after 6.86. core, which is without food and energy costs 4.8% year over year. when you look at this month compared to last month, the increase at 1%. that s the highest increase since march of 1980. now it s a lot of numbers but you get the idea here. republicans will remind you that all of this is because of president biden s policies. they re doubling and tripling down on failure at a time when we may be in recession, at a time when the american people are hurting in so many different ways
a handgun. so, this is an absurd, outdated, outmoded loophole, but this is a first step in recognizing our problem, where we allow 18-year-olds to buy weapons of war. news of this framework coming on the somber six year anniversary of the pulse nightclub shooting in orlando, florida, 49 people murdered in cold blood, targeted about because of who they live. many mass shootings in this country, the attacker used an ar-15 style guy on, the senate deal comes after communities of uvalde, texas, and buffalo, new york, were changed forever by gun violence. all together 31 americans killed in both shootings. the shooters and both shootings were 18 year old boy legally obtained obstacles to carry out their crimes. the steel wall imperfect is something, comes up after last week s testimony from the children killed in uvalde. they sidelined their grief to going through what they re going through. the deal comes as demonstrators hit the streets, demanding action. we ve seen this bef