Nt is hosted by the brookings institution. David good morning, everybody im director of financial policy here at brookings. Id like to welcome you to this event, both the people in the room and people watching remotely. Our subject today is what lessons we have learned from the really interesting episodes of march, 2023,. A year ago the Global Financial system sthiferred most significant banking stress the Global Financial crisis of 20072008. As you all probably know, Silicon Valley bank failed prompting the fdic take it over in the middle of the day couldnt even wait until the weekend, which is really unusual. Its tempting to see this as a oneoff event. Silicon valley was, for want of a better term, unusual. Almost all its deposits were uninsured, it was woefully unprepared for an increase in Interest Rates, but it was followed by what some have called the panic of 20 if thenature bank and First Republic and oversea credit suisse. To arrest what u. S. Authorities feared was a spreadin
Cspan is your unfiltered view of government. Were funded be by these Television Companies and were including buckeye broadband. Buckeye broadband supports cspan as a Public Service along with these other television provers. Giving you a front row seat to democracy. Republican congressman Patrick Mchenry of north carolina, chair of the House Financial Services committee, spoke about the collapses of Silicon Valley bank and Signature Bank last year, two of the largest Bank Failures in u. S. History. Congressman mchenry discussed the role of the Federal Reserve and federal Deposit Insurance Corporation Bank Regulation and Risk Management. Thisookings institution. Q3 david good morning, everybody, im director of financialhere a. Id like to welcome you to this event, both the people in the room and people watching remotely. Our subject today is what lessons we have learned from the really interesting episodes of march, 2023. A year ago the Global Financial system sthiferred most significant
Will it be okay, boomer, or, yeah, boomer we start off at the rough end to a volatile week. The dow plunging 366 points to mark its lowest close since march. The midday selloff coming as israel increases air attacks in gaza and expands activity of the Ground Forces there. The nasdaq held on to a gain today. Still all three indexes were well in the red for the week the action coming as we head into another big week for markets, headlined by a fed decision on wednesday. Apple earnings a day later so with all this uncertainty looming over the markets, what should the week be ahead that has been the road map of the past week and of the past two weeks. The question is to what extent as we go into a great seasonal time the vix is telling you some of that carter probably has some views in that, too weve also, from an earnings perspective, we spent some time evaluating where numbers that were seemingly not bad on a relative basis to expectations really werent that great if you consider the cyc
Meeting this week along with the jay powell press conference. That will be the focuses for the markets. Right now, the tenyear yield is just about where it has been the last tcouple weeks propalestinian protests continuing on College Campuses over the weekend some schools requesting Police Intervention to stop encampments. Jill stein was arrested at a protest. She said it was about freedom of speech which needs debate and dialogue at ucla, protests by propalestinian and proraisrael supporters and at state university, they paused connections to boeing after they demanded to cut ties with the weaponing Manufacturing Division the school has no investment in boeing it accepted 150,000 in donations. Boeing providing 28,000 a year for scholarships the University Paper aresident d in response to the issues. Officials in china removed restrictions on tesla cars after the vehicles passed the Data Security requirements. Just this morning, the wall street journal is reports that chinese officials
Gets a win with tech. Trouble in the csuite as paramounts executive is looking for the exit it is monday, april 29th, 2024 you are watching Worldwide Exchange here on cnbc good morning welcome to Worldwide Exchange. Live from cnbc london. We kick off the check of the futures with the nasdaq and s p coming off the best week since november we are in the green across the board. It looks like the dow would open 60 points higher a bit off the highs of early this morning you see they are in the green this morning huge gains in tech and Communications Thanks to alphabet stocks with earnings last week. The Company Opening with the market cap above 2 trillion for the first time ever. Shares are pulling back this morning. We are checking the nasdaq 100 premarket gainers look at the stocks that are gaining in the premarket. We are seeing give us a second to pull those up. Tesla at the top of the list after striking the deal in china. Shares up 6. 5 that is followed by apple. Reporting earnings th