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Against the dollar late yesterday. The u. S. Treasury in the day labeling china a currency manipulator. Since then Chinas Central Bank has stepped in we well speak with white house chief Economic Advisor larry kudlow in a few minutes. You and i were talking yesterday, jim, about what we might expect in the market during the course of the day the move down in yields and the 10year in particular also caught a lot of peoples attention. Here we are a day later. We looked like wed be down sharply after other markets opened down. We have now rebounded at least in the futures market. What are your expectations i think that you cant buy enough opening there was a lot of money committed on the sell side i dont know how much short, between when we announced there was going to be designation and probably right to the special last night apple 185, microsoft down 5, facebook down 2 ....
assured they will be protectednd have access to their money we have an obligation with payroll. we have an electrical business and we have to meet payroll this afternoon. that s why i am here. everything is insured. we are not worried. going to collect my share and go home. wow. yeah, wow, right? it s a full-on bank run. these are old-school bank runs. let s not scare people. no, i m saying what we re seeing. a few banks. yes. let s hope it s not more. good morning. it is the top of the hour. glad you are with us. customers getting their money back after the stunning collapse of silicon valley bank. concern is growing as don was indicating for other regional smaller banks across the nation. their stocks are tanking. how much danger are they really in? former treasury official roger altmann is here to weigh in. a massive winter storm slamming the northeast. right now with powerful winds and up to two feet of snow. we will take you live inside th ....
Assured they will be protectednd have access to their money we have an obligation with payroll. we have an electrical business and we have to meet payroll this afternoon. that s why i am here. everything is insured. we are not worried. going to collect my share and go home. wow. yeah, wow, right? it s a full-on bank run. these are old-school bank runs. let s not scare people. no, i m saying what we re seeing. a few banks. yes. let s hope it s not more. good morning. it is the top of the hour. glad you are with us. customers getting their money back after the stunning collapse of silicon valley bank. concern is growing as don was indicating for other regional smaller banks across the nation. their stocks are tanking. how much danger are they really in? former treasury official roger altmann is here to weigh in. a massive winter storm slamming the northeast. right now with powerful winds and up to two feet of snow. we will take you live inside the ....
Storm. plus, a texas judge under the microscope for not wanting to tell the public about an abortion rights hearing. we begin with the growing concern for america s banks. we are watching the fallout from the biggest bank failure since the 2008 financial crisis. stocks of two dozen regional baijs plummeted yesterday even after president biden took emergency action to ease the panic. we are watching wall street this morning. t moody s said these six banks on the screen are on watch for potential downgrades citing, quote, extremely volatile funding conditions. meanwhile, the biden administration has been scrambling to contain the situation and prevent other banks from collapsing. yesterday silicon valley bank customers lined up to get their money back after president biden guaranteed their deposits following that bank s failure. joining us for perspective is roger altmann, the deputy ....
Roger altmann, great perspective. thank you for joining us this morning. my pleasure. thanks for having me. that is really fascinating. he is right. it was breathtaking what authorities did. to the wicked weather out east. more than 20 million americans are under winter weather alerts in new england and new york. they are bracing for the first nor easter of the season. a ground stop at laguardia. heavy rain, snow, up to 45 mile an hour winds, 147,000 people are without power in the northeast. eric vandam? worst,er mass. it looks bad. they are expecting a lot more. reporter: poppy, it was a cold, miserable rain an hour ago. what a difference an hour makes. what you are seeing behind me is actually is a salt barn in worcester, massachusetts, and this is where they house the salt and brine that treats the ....