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MSNBCW The July 6, 2024

just warned of a new, and earlier drop down date for the yellow now says the country could run out of cash to pay its bills on june 1st, that is one month from tonight. if congress does not raise the debt line. he followed me disaster for our economy, everyone would feel the effects. yellen s warning came late today in a letter to top lawmakers this quote, it is imperative that congress act as soon as possible. tonight, president biden invited the top four congressional leaders to the white house to find some way to avoid the fault. last week of course, the gop led house passed a bill that raise the debt limit, but it included steep spending cuts. biden said absolutely no to that, and tonight he and mccarthy are still in a stand off. we will not pass the debt ceiling a fetus races without doing something about our debt. we pay our bills, and we should do the without reckless hostages on some of the many republicans in congress. meanwhile, the administration is a ....

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MSNBCW The July 6, 2024

as president biden calls for a last-minute meeting. but is a room for negotiation? and what we are default mean for americans? then, the man hunt for a suspected gunman who killed five people in texas, the latest mass shooting putting a focus on america s unique gun problem. and representation matters, but tell introducing the first barbie dahl with down syndrome, as the 11th hour gets underway, on this monday night. good evening once again, i m stephanie ruhle live from los angeles, and i start with one question, are you buckled up? you had better be, because treasury secretary janet yellen just warned of a new, and earlier drop down date for the yellow now says the country could run out of cash to pay its bills on june 1st, that is one month from tonight. if congress does not raise the debt line. he followed me disaster for our economy, everyone would feel the effects. yellen s warning came late today in a letter to top lawmakers this quote, it is imperative that co ....

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MSNBC The 11th Hour With Stephanie Ruhle June 4, 2024 03:15:00

Getting battered over and over again. 100 billion dollars in deposits as customers wondered how viable it would be going forward. i think your read of the deal it seems highly right. i was on a conference call with jamie diamond, the ceo of jp morgan. as well as with analysts after the. suffice to say it is very, he s very happy with how this panned out. he s been able to sweep in once again and i don t know if you are going to be able to save the banking system but certainly did a lot to restore confidence in it as a result of this deal which is been a good deal for jpmorgan going forward this was a bank that did a lot of mortgages and commercial loans, as i said, a lot of those deposits had left. i think that he sees this deal as being very complimentary to the business that jpmorgan has right now, it s going to benefit going forward, and i think what stood out to me from what he said this morning on that call, and forgive me i ve been up since 3:20 in the morning since this deal was ....

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MSNBC The 11th Hour With Stephanie Ruhle June 4, 2024 03:17:00

Kind of boutique bank that we have seen fail over the course of the last three weeks. okay, but, david four years we ve been saying, you know the banks are getting to bake and we don t want all the power in the hands of these two banks. let s walk through what jpmorgan, what jamie diamond, was legally able to do. right after silicon valley bank in st. louis show went down, jamie a diamond was right in there, with first republic. he had a front row seat. he knew what was going on. inside first republic. their conversations with and what he was able to do was know all of the problems they had and sit back and waits. he waited and waited and waited while the bank got hurt further and further and further. i assure you, first of public want to jamie diamond and jpmorgan to step in earlier, and he waited it out until they went into receivership. until the government went in, took all the downside, and he said thing i m going to take the upside. he had a front row seat and, as well as a hea ....

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MSNBC The 11th Hour With Stephanie Ruhle June 4, 2024 06:16:00

He sounded a good note on that front, there is room for all kinds of banks in this economy, small ones, big ones like his. but i do feel like there is more to come in this story even if it s not confined to this kind of boutique bank that we have seen fail over the course of the last three weeks. okay, but, david four years we ve been saying, you know the banks are getting to bake and we don t want all the power in the hands of these two banks. let s walk through what jpmorgan, what jamie diamond, was legally able to do. right after silicon valley bank in st. louis show went down, jamie a diamond was right in there, with first republic. he had a front row seat. he knew what was going on. inside first republic. their conversations with and what he was able to do was know all of the problems they had and sit back and waits. he waited and waited and waited while the bank got hurt further and further and further. ....

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