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Fall just as fast. Plus after taking off jack dorsey square, Hindenburg Research has a new target. This time carl icahn and we lay out the key factors at play. Its wednesday, may 3rd, 2023. Youre watching Worldwide Exchange right here on cnbc good morning and welcome to Worldwide Exchange. Im frank holland. Lets kick off the hour with a check on stock futures after a sharp decline yesterday. Looking at futures right now, theyre strongly in the green across the board you can see the dow opening up 20 points higher today is very early. Its a huge day, all of this ahead of the federal Interest Rate decision out ahead at 2 00 p. M. And then the News Conference to follow a tenth straight rate hike from ....
rates still attest. but in silicon valley it made for an epic pay day. it was soon reflected on the balance sheets of its biggest local lenders which was called silicon valley bank. in 2018, svb had about $49 billion on deposit. three years later that same bank had amassed more than $189 billion. that is a gargantuan amount of deposits over a short period of time. dramatic enough to have raised a serious question and an obvious one. what was silicon valley bank gonna do with all that money? even the san francisco bay area, it would be hard to find qualified borrowers for $189 billion. you could not responsibly loan all of that money even if you wanted to. so what would you do with it? that s the question you would have asked if you were paying attention, both from inside svb or the regulatories action. turns out nobody was paying attention. nobody thought to ask for questions. we thought stress test silicon valley bank in the middle of a room. with a narcissism complex ....
Use the cspan chat. On facebook we are using the question would paul ryan make a good president. Here, hostedr him by the Iowa Republican party. [inaudible] [no audio] tonights keynote speaker at the lincoln dinner, the iol Republican Party, he is there near the stage. Paul ryan. The congressman from wisconsin. The chair of the budget committee. We are asking the question, would paul ryan make a good president. You can share your comments and opinions during this remark tonight. A couple of remarks we have gotten, amy says based on the budget he is trying to pass, im going to say no. Cody writes paul ryan is an intelligent man and he would be an ok president. Share your opinions and comments at facebook. Com. As things get underway, and as can and as things continue throughout the night. [no audio] whats your name . Scott. Where you from . Cedar falls. Whats your name . Da ....
You dont want to miss this last hour of trading here and see whether we can finish positive or negative. The dow is up 28 points. The s p 500 adding just about a point, the nasdaq is barely above the 4,000 mark. A lot will come down. Given the redemption numbers weve been hearing, a lot will come down to what we here in the next session. This would be you. All right. Have you heard many youve heard many warnings about bitcoins. An alarm bell is being sounded about the Digital Currency. A Cashless Society, get this, will jeopardize our freedom. Will the government really track everything you buy right down to a pack of gum . Thats his concern. His argument to lay out why hes very worried. Whats interesting is he runs a bank. Might have a stake in the game. Thats very interesting. If you google the term world takeover, you might come up with two words amazon and google. Ama ....
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