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MSNBC Yasmin Vossoughian Reports July 6, 2024

consequences for workers access to the cash to b built to now piñera employee to actually cover the expenses we got, the thing i am mostl worried about. the news coming even as president biden and the countr get good news on the economy a a whole. we created more jobs in the two years and an administration that created th first four years and i think all of thi matters. it is no accident. it means our economic plans ar working and now the bigges threat to our recovery is th reckless talk, the reckless to my maga friends. they are threatening to fall o the national debt. in fact, planning to fall as some republicans seem to b doing puts us very much at risk the president referring t new debt ceiling demands from group of republican hous members second but economi gains in jeopardy. i will talk to congressman mar takano ahead about that as well all of that plus this. bring it on, all alone issue later who refused to quit when her teammates did taking on th state ....

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MSNBC Yasmin Vossoughian Reports June 4, 2024 20:06:00

Again, that would be in th thousands or tens of thousands of relatively high paying jobs correct me if i m wrong her right? like chase bank for instance, much bigger bank than silico valley bank as more kind of risk over right? one of the reasons why a start-up would not necessarily go to chastening chalet than they would go to silicon valle bank silicon valley bank has history of dealing wit start-ups more so right? how will this change the gam for raising money right? for start-ups for instance fro going to banks like kind o smaller lenders like silicon valley bank instead of going t the bigger banks that will provide you with more security i mean people are already saying how investors, when the decide to bank with companie or maybe companies when they decide to do a deal as a start-up might now in th future require that that start-up is either splitting its money between multiple banks or is banking with a larger bank that is many mor diversified across the economy not focused ....

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MSNBC Yasmin Vossoughian Reports June 4, 2024 20:05:00

For years and ever and tha making any money this would potentially cut off start-ups before they get to that point before they fell from business perspective or have the chance to be bought by a larger company if they can t access the money that they had raised, use thei money but it s sitting in thei bank account, they are not sur what they can do what are we looking at when it comes to possible joblessness? if they can to meet payroll, some of these people will lose their jobs if these companies go under, some of these people will lose their jobs and then what silicon valley bank had relationships with over half o the venture capital back t start-ups in the country one of the really importan point here is to realize how centralized the tech industr was around this bank and how important it was for literally thousands of companies and start-ups. if the worst-case scenario happens where this money i gone, not able to be accesse ....

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MSNBC Yasmin Vossoughian Reports June 4, 2024 20:07:00

Silicon valley bank has reputation for working wit companies that other banks tha they wouldn t bank for especially ten, 15 years ago when start-ups were no necessarily as ubiquitous or sort of other cultural positio as we do today banks want at work on these bu in the past, they didn t these were risky companies tha weren t making money yet they were saying one day w will make a lot of money, ca you please bank with us? and silicon valley bank talk that risk. gareth we thank, you grea reporting on this. appreciate it. ahead of former trump s monday vista to iowa as a 202 candidate, nbc news has learne he will be spending part o this weekend meeting with hi legal team in florida. they planted this khashoggi of new york prosecutors investigation into hush mone paid to stormy daniels during the 2016 presidential race that meeting is coming jus days after trump was invited b the manhattan da to testif before a grand jury. want to bring in nbc nationa political reporter jonatha allen, co ....

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MSNBC Yasmin Vossoughian Reports June 4, 2024 20:02:00

Bring it on, all alone issue later who refused to quit when her teammates did taking on th state championships by herself i will talk to kristen coe hil coming up as well. we begin this hour though with the biggest bank collapsed and secret russian in 2008 silicon valley bank whic posted over 200 billion dollar in assets was taken over by th fdic yesterday federal regulators now tryin to contain the largest ban failure since the 2008 crisi as the tech start-ups wh relied on as vp wonder if they will get their money back. kara then dick - is a tech reporter for the washington post and is joining us now garrett, thank you for joining us on. this we appreciate it. let s talk about payroll right i think one of the questions a lot of folks were asking whe this all happened yesterday wa okay, what are the real worl consequences of this how will this affect me at home? and effects a lot of folks in ....

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