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Transcripts For CNN At This Hour With Kate Bolduan 20240706



west and winter storms out east. and now, rite aid and how the drugstore is being accused of fueling the opioid epidemic. this is what we are watchingt that hour. thank you for being here, i m kate bolduan, and we are beginning with the turmoil, the fallout, and the wild ride that has already been this week since the abrupt collapse of silicon valley bank. and the federal reserve is looking at the oversight of the bank and what went wrong and who missed what. the regional banks are bounce back after confidence of the institutions were shaken yesterday. this is how the stocks are performing right now. that is not all that is shaking up the economic picture this morning. we got the latest read of inflation. the government reporting that inflation fell for the eighth straight month in february. matt egan and john solomon joining us u no. matt egan to you, what are we seeing? we are seeing that the pressure is easing here, and the fact that the regional bank shares fe ....

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Transcripts for CNN At This Hour With Kate Bolduan 20240604 15:09:00

Mess, and we won t be talking about inflation at that time, but we will be talking about high unemployment, and they don t want that, so priority number one is to make sure that the banking system is on solid ground, and people are confident that it is on solid ground, and once they establish that, then they can turn back, and say, okay, what do i need to do to get the inflation back in, and by the way, kate, they don t need to do a lot more, and as i said, it is mooin moving in the direction, and we have to be patient, and positive things are happening underneath the hood to give us confidence without further rate hikes or another rate hike or two, we will get the inflation back in the bottle in a reasonable amount of time. and so, looking at nine regional banks under review, and what do you take on this? i am not in a rating ....

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