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CNN CNN Newsroom Live July 6, 2024

one system could leave a foot or more of snow in parts of the northeast, while another atmospheric river is set to dump rain on already flooded parts of california. plus, after the biggest u.s. bank failure since 2008, regional banks fear a broader financial crisis as their stocks tumble. , and former president trump in iowa taking swings at gop rivals just days away from a potential criminal indictment. good to have you with us, we ll, from coast to coast major storm systems are set to pummel california and the u.s. northeast. out west, the golden state was already dealing with major flooding. some 30 million people across california are under flood watches. and, on the other side of the country, a major is expected to cover new england and parts of new york in snow. millions of people in cities like boston, syracuse and portland, maine, we re under winter alerts ahead of the storm. and days ago u.s. president joe biden declared a set emergency in more than 30 califo ....

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BBCNEWS World Business Report June 4, 2024 13:32:00

Business has picked up again truss budget and so forth. higher interest rates are really taking their toll on the economy now, companies are reporting falling demand and activity, so expect a contraction in this quarter. is demand and activity, so expect a contraction in this quarter. is this the rice contraction in this quarter. is this the price we contraction in this quarter. is this the price we pay contraction in this quarter. is this the price we pay for contraction in this quarter. is this the price we pay for trying - contraction in this quarter. is this the price we pay for trying to - contraction in this quarter. is this | the price we pay for trying to keep a lid on inflation? a lid on inflation? precisely, the whole point a lid on inflation? precisely, the whole point of a lid on inflation? precisely, the whole point of raising a lid on inflation? precisely, the whole point of raising interest i whole point of raising interest rates is to dampen demand. we ha ....

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Raising interest rates to combat high inflation endangers global economy

Current economic recession worries are driven by COVID-19 pandemic, high inflation, Russia-Ukraine war and high fuel prices, says economist - Anadolu Ajansı ....

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CNN CNN Newsroom Live June 4, 2024 06:10:00

Has two different jobs, you could think of them as different divisions, they re in different parts of the building. one has to look after financial stability, and i have a specific set of tools. they could do things like open up lines of credit that banks are in distress candle. the second division is all about trying to manage inflation, unemployment and all of that macroeconomic good stuff. and that s where they adjust the interest rate up and down. those divisions can largely operate separately, except now might not be a really good time to split folks, so i think the fed is probably going to continue raising interest. but probably at a slightly slower speed that more confident, that there will be no broader spillover. interesting that will make a lot of people very happy at this juncture at least. so, why did silicon valley bank phil? and signature bank new york? and how many more banks do you think could be at risk? it s really important to understand how unusual silicon ....

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Bostic Batters Stock Bears But Bond Yields Soar After Record Inflation

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero ....

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