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Mar 24, 2023
03/23
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BLOOMBERG
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vonnie: treasury secretary janet yellen as total u.s. lawmakers regulators would be prepared for further steps to protect the banking system if warranted. the comments, day after her remarks on nationwide deposit insurance rattled markets. >> the strong actions we have taken ensure americans' deposits are safe. certainly we would be prepared to take additional actions if warranted. vonnie: let's bring in kathleen hays. also joining us is adjunct professor of international and public affairs at columbia university in new york. irene, the comment that was added today before congress by the treasury secretary. was that game theory getting involved where yesterday she said we will not do anything, the banking system is fine. then banks dropped and she said we need to say something to placate the situation? >> what i find disturbing is that we are being reassured too much. we keep on hearing from the swiss central bank, from the fed , from all of the authorities that everything is fine. perhaps if everything were fine we would not need to be
vonnie: treasury secretary janet yellen as total u.s. lawmakers regulators would be prepared for further steps to protect the banking system if warranted. the comments, day after her remarks on nationwide deposit insurance rattled markets. >> the strong actions we have taken ensure americans' deposits are safe. certainly we would be prepared to take additional actions if warranted. vonnie: let's bring in kathleen hays. also joining us is adjunct professor of international and public...
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Mar 16, 2023
03/23
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BBCNEWS
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absolutely, janet yellen, the treasury secretary have gone to speak with lawmakers, this was previously scheduled, as she is going to talk about the budget that was presented by us presidentjoe biden last week or two weeks ago, it is hard to remember, but now of course the focus is absolutely banking, and she delivered her prepared remarks, and at the very beginning she outlined similar to what we heard from us presidentjoe biden, that the banking system is safe, that the appropriate regulator stepped in right away and took decisive action, and, of course, reiterating the point that it is not the american taxpayer that is footing the bill for this, it is bailing out customers but not the bank itself. �* bailing out customers but not the bank itself-_ bailing out customers but not the bank itself-— bailing out customers but not the bank itself. and we are looking at ictures bank itself. and we are looking at pictures of— bank itself. and we are looking at pictures of that _ bank itself. and we are looking at pictures of that testimony - bank itself. and we are looking at pictures o
absolutely, janet yellen, the treasury secretary have gone to speak with lawmakers, this was previously scheduled, as she is going to talk about the budget that was presented by us presidentjoe biden last week or two weeks ago, it is hard to remember, but now of course the focus is absolutely banking, and she delivered her prepared remarks, and at the very beginning she outlined similar to what we heard from us presidentjoe biden, that the banking system is safe, that the appropriate regulator...
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Mar 25, 2023
03/23
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FBC
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treasury secretary janet yellen was sending confusing signals on whether all bank deposits are safe or whether those of the treated $50000 the current fcic guaranteed limit. how alarmed should we be the economic policymakers are clueless. let's talk about it with our panel lauren let me come to you first. it's pretty disturbing our key leadership here do seem that the federal reserve lost control of inflation completely and fighting to get back on top of it and then the process causing harm and damage with higher interest rates janet yellen doesn't seem to be able to make up her mind from one day to the next where people are going to be protected when banks fail that's not the leadership that we expect from washington, is it? >> when it comes to the fed it's really important what it remains political, jerome powell was appointed by trump and held over by biden, when the fed becomes politicized, as we see eventually starting to happen we saw that through coded what is the role and we republicans and democrats arguing about the role of the fed during covid would becomes politicized that'
treasury secretary janet yellen was sending confusing signals on whether all bank deposits are safe or whether those of the treated $50000 the current fcic guaranteed limit. how alarmed should we be the economic policymakers are clueless. let's talk about it with our panel lauren let me come to you first. it's pretty disturbing our key leadership here do seem that the federal reserve lost control of inflation completely and fighting to get back on top of it and then the process causing harm and...
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Mar 24, 2023
03/23
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FBC
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yellen. what he makes of the flip-flop over bank bailouts. stay with us. (vo) the fully electric audi e-tron family is here. with models that fit any lifestyle. and innovative ways to make your e-tron your own. through elegant design and progressive technology. all the exhilaration, none of the compromise. the audi e-tron family. progress that moves you. you want a loan to build a factory in america? you can't do that. this is what we were up against. nobody builds factories in the us anymore. you can't do that. experts claimed you couldn't do what we did. you want to hire workers here in the states? you can't do that. weathertech has been proving them wrong, for over 33 years. building our own factories, employing thousands, and making world-class products, right here in america. because when you buy something made in america...we all win. weathertech. mom. can we get a puppy, mom? please? girls, pets are a big expense. aww. [ audience cheers ] maybe try switching your car insurance to progr
yellen. what he makes of the flip-flop over bank bailouts. stay with us. (vo) the fully electric audi e-tron family is here. with models that fit any lifestyle. and innovative ways to make your e-tron your own. through elegant design and progressive technology. all the exhilaration, none of the compromise. the audi e-tron family. progress that moves you. you want a loan to build a factory in america? you can't do that. this is what we were up against. nobody builds factories in the us anymore....
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Mar 23, 2023
03/23
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BLOOMBERG
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janet yellen says that the u.s. is not considering blanket bank apposite insurance without working with congress. a senate subcommittee had asked her whether all protections for u.s. deposits would require congressional approval and she said that the heads of recently failed american bank should be held accountable. the u.s. fears that a war weary world might embrace the china ukraine ease plan. the presidents of china and russia discussed the proposals which the u.s. has rejected but dismissing it could lead china to argue that the u.s. is not interested in peace. global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. i am lisa mateo, this is bloomberg. bloomberg. ♪ to get lost in investment research. introducing j.p. morgan personal advisors. hey david! connect with an advisor to create your personalized plan. let's find the right investments for your goals. okay, great. j.p. morgan wealth management. what does it mean to be ever
janet yellen says that the u.s. is not considering blanket bank apposite insurance without working with congress. a senate subcommittee had asked her whether all protections for u.s. deposits would require congressional approval and she said that the heads of recently failed american bank should be held accountable. the u.s. fears that a war weary world might embrace the china ukraine ease plan. the presidents of china and russia discussed the proposals which the u.s. has rejected but...
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Mar 21, 2023
03/23
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CNNW
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what janet yellen is saying about that and the continued fears over u.s. banks. >>> and a player on the cuban national baseball team reportedly defects during the world baseball classic in miami. stay with us. if your business kept on employees through the pandemic, getrefunds.comom can see if it may qualify for a payrololl tax refund of up to $26,000 per employee. all it takes is eight minutes to get started. then work with professionalsts with its forms and submit the alication. thengo to getrefunds.comnalsts to learn more. sometimes you're so busy taking care of everyone else you don't do enough for yourself, or your mouth. but eventually, it will remind you. when it does, aspen dental is here for you. we offer the custom dental treatments you need, all under one roof, right nearby. so we can bring more life to your smile... and more smile to your life... affordably. new patients without insurance can get a free complete exam and x-rays, and 20 percent off treatment plans. schedule your appointment today. >>> we're following some major developments from
what janet yellen is saying about that and the continued fears over u.s. banks. >>> and a player on the cuban national baseball team reportedly defects during the world baseball classic in miami. stay with us. if your business kept on employees through the pandemic, getrefunds.comom can see if it may qualify for a payrololl tax refund of up to $26,000 per employee. all it takes is eight minutes to get started. then work with professionalsts with its forms and submit the alication....
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Mar 23, 2023
03/23
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BLOOMBERG
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i want to point to some of janet yellen's comments today. the market was waiting for what she was going to say. she spoke at 3:00 p.m. in the session. the bank index spiked having dropped as she spoke because she put the extra comment in that the treasury department would be willing to take additional actions if warranted. then they began to think what does that mean? does that mean it might be wanted? we don't know what is wanted. we do know that bad loans rose again to almost $100 billion. that is $143 billion or just under. let's have a listen to what janet yellen did have to say. >> destroying actions, we have made sure that american deposits are safe. we would be prepared to take additional actions if warranted. >> that was the comment on whether something was consoling or worrying, that is debatable. stock market investors are debating that as well. the bank slightly reduce their borrowings from to backstop facilities. that would be the discount window. let's go to bloomberg's and economic policy reward, the best, i saw about this new
i want to point to some of janet yellen's comments today. the market was waiting for what she was going to say. she spoke at 3:00 p.m. in the session. the bank index spiked having dropped as she spoke because she put the extra comment in that the treasury department would be willing to take additional actions if warranted. then they began to think what does that mean? does that mean it might be wanted? we don't know what is wanted. we do know that bad loans rose again to almost $100 billion....
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Mar 13, 2023
03/23
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KPIX
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treasury secretary janet yellen reashuring americans about their savings amid fears of a wider fallout. >> i do want to emphasize that the american banking system is really safe and well capitalized. >>> also tonight, eight people are killed after suspected smuggling boats capsized off the san diego coast. >>> new storm. battered by destructive flooding, california ready for more extreme weather. >> we are dealing with rain and wind events that can only describe as the super soaker saturation event. >>> legal jeopardy? former president trump stumped in iowa with his former victor set to talk to prosecutors about their hush money investigation. >>> plus roman catholics mark a milestone. >> it's been ten historic years since francis became pope. >>> and later, they are on the frontline in ukraine's fight to preserve its culture. why the show goes on, despite russia's war. >> why is it so important to step in? >> translator: we want the world to see that ukraine also has its own incredible culture. >> announcer: this is the cbs weekend news from new york with gent duncan. >>> the debate o
treasury secretary janet yellen reashuring americans about their savings amid fears of a wider fallout. >> i do want to emphasize that the american banking system is really safe and well capitalized. >>> also tonight, eight people are killed after suspected smuggling boats capsized off the san diego coast. >>> new storm. battered by destructive flooding, california ready for more extreme weather. >> we are dealing with rain and wind events that can only describe as...
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Mar 17, 2023
03/23
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BBCNEWS
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so that's why we are hearing the words of janet _ why we are hearing the words of janet yellen, reassurance and confidence she was talking about _ confidence she was talking about. she wants to try and instill— about. she wants to try and instill that confidence in people that, as she put it, the us banking system is in a healthy— us banking system is in a healthy state, and that's why also — healthy state, and that's why also we — healthy state, and that's why also we see these major 11 private _ also we see these major 11 private banks, jp morgan chase, citigroub — private banks, jp morgan chase, citigroup is including injecting some huge amount of money, — injecting some huge amount of money, $30 billion, into first republic, — money, $30 billion, into first republic, to keep it alive. the one thing _ republic, to keep it alive. the one thing that _ republic, to keep it alive. the one thing that we _ republic, to keep it alive. tie: one thing that we are seeing republic, to keep it alive. ti9: one thing that we are seeing as you mentioned, janet yellen trying to reassure th
so that's why we are hearing the words of janet _ why we are hearing the words of janet yellen, reassurance and confidence she was talking about _ confidence she was talking about. she wants to try and instill— about. she wants to try and instill that confidence in people that, as she put it, the us banking system is in a healthy— us banking system is in a healthy state, and that's why also — healthy state, and that's why also we — healthy state, and that's why also we see these major...
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Mar 24, 2023
03/23
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CNBC
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ross, great to you have here. >> thanks for having me on. >> confusion from janet yellen. we saw the 25 basis point hike on wednesday and banking crisis in recent weeks impact the economy and investing outlook. long term, now i think we have settled the situation with janet yellen, a few questions are left. how does this impact investing in the near term and long term for the rest of 2023? >> sure. typically when the fed hikes and hike this much, it ends with something breaking. whether the bank or international crisis related to a currency devaluation. from that point, the fed has to pivot. a pause or outright easing. we have seen this playbook the last 40 years. from that point, you enter a new stage against the fight of inflation or tightening. it becomes a good time to start thinking about getting risk on. near term, you will see volatility. defensives might out perform as we head to the slowdown. longer term, this pivot from the fed has represented a good opportunity to get risk on. stocks have done well outside a few unique instances. >> a lot of people say risk on.
ross, great to you have here. >> thanks for having me on. >> confusion from janet yellen. we saw the 25 basis point hike on wednesday and banking crisis in recent weeks impact the economy and investing outlook. long term, now i think we have settled the situation with janet yellen, a few questions are left. how does this impact investing in the near term and long term for the rest of 2023? >> sure. typically when the fed hikes and hike this much, it ends with something...
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100
Mar 24, 2023
03/23
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FBC
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then they watched janet yellen say yes, no. jay powell says yes, no, nobody sure. this is what is haunting them. these polls are not offended if they are polls and not boats. i just wanted track sentiment. one look sunday march 12 when they decided to guarantee silicon valley bank. that was a bailout and i don't think anybody liked it and i think biden is paying the price. >> is been paying the price for independence since the chaotic and unnecessary irrational pullout from afghanistan. he never won independence again. things like this don't help, who were independence, some relapse democrats i left the democratic party in a holding pen under powder they don't want to vote republican they want to feel convinced that we do it friendly and have solutions in finisher sentences and talk about the solutions. independence are also people who hate political parties they don't like washington trust washington they don't trust washington did not bailout something in california and nationwide silicon valley bank. he is not to get independence packets can be very hard to ever
then they watched janet yellen say yes, no. jay powell says yes, no, nobody sure. this is what is haunting them. these polls are not offended if they are polls and not boats. i just wanted track sentiment. one look sunday march 12 when they decided to guarantee silicon valley bank. that was a bailout and i don't think anybody liked it and i think biden is paying the price. >> is been paying the price for independence since the chaotic and unnecessary irrational pullout from afghanistan....
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0.0
Mar 23, 2023
03/23
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BLOOMBERG
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they will also be watching the messaging from janet yellen closely as well. she, for her, enemy number one is the banking sector, no longer the inflation sector. they will be watching her signals on how they make their decisions. haslinda: policy farming it could be appropriate. that doesn't mean there could be a tightening through rate rises, it could be through qt. mark: they don't want to take anything off the table. for them they will consider pausing, but continuing with qt. anything else which comes to mind, they don't want to close any door right now. they're not exactly sure what's coming around the corner. because the number of banks, which suddenly needed help would've been a shock to them. there also regulator, not just the policy center. part of their job is to supervise the banking system. something caught them by surprise. they need more time to digest. they will be looking at a whole avenue of things. they will keep their mind open. yvonne: swaps are not listening to the fed. they are still pricing in cuts after the fomc decision. does that how
they will also be watching the messaging from janet yellen closely as well. she, for her, enemy number one is the banking sector, no longer the inflation sector. they will be watching her signals on how they make their decisions. haslinda: policy farming it could be appropriate. that doesn't mean there could be a tightening through rate rises, it could be through qt. mark: they don't want to take anything off the table. for them they will consider pausing, but continuing with qt. anything else...
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0.0
Mar 21, 2023
03/23
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treasury secretary janet yellen has been speaking in d.c. to the american bankers association and talked about the economy and health of the banking system. she says we don't have all the information we need about svb and his signature. it is too early to talk about regulatory changes. it is being talked about. is that because it will be hard to make those regulatory changes? carhart will it be to guarantee all those deposits? kailey: there is a massive legal question, because changing fdic limits is with the authority of congress and there is a massive question if there would be enough bipartisan support. given that we have had lawmakers on both sides of the aisle expressing support for the idea of changing with the insurance limit is, you also had significant pushback, including from the house of freedom caucus that put out a statement saying that is encouraging that behavior if you were to inquire directly insure all deposits in the u.s., a very different -- difficult political question whether this can be done. we understand the treasury
treasury secretary janet yellen has been speaking in d.c. to the american bankers association and talked about the economy and health of the banking system. she says we don't have all the information we need about svb and his signature. it is too early to talk about regulatory changes. it is being talked about. is that because it will be hard to make those regulatory changes? carhart will it be to guarantee all those deposits? kailey: there is a massive legal question, because changing fdic...
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according to the us treasury secretary, janet yellen. i'm the chair of the federal deposit insurance corporation. the 2 bank failures this weekend are the 2nd and 3rd worst in us history. well, earlier i asked financial correspondent, jans carter in new york for his insight following use that u. s. regulators have taken over operations at a 2nd bank. oh well, as the saying goes, so bank di over and i hit had that seems to be true at this point. so a, please don't panic, a, keep your calm, but this is the 3rd a bank pretty much going up with less than a within a week or early last week we had a crew or bank tied to the crypto industry as silva gate to liquidating itself. then we had the silicon valley bank, now the signature of bank that needs a governmental help and to controlled so clearly trust at this point obviously has been lost to some financial institutions and at least it was those companies named a we've seen the classical run on the bank? yes. usa khatri at the treasury sector, jaelyn has ruled out a bailiff paid for by tax pay
according to the us treasury secretary, janet yellen. i'm the chair of the federal deposit insurance corporation. the 2 bank failures this weekend are the 2nd and 3rd worst in us history. well, earlier i asked financial correspondent, jans carter in new york for his insight following use that u. s. regulators have taken over operations at a 2nd bank. oh well, as the saying goes, so bank di over and i hit had that seems to be true at this point. so a, please don't panic, a, keep your calm, but...
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Mar 13, 2023
03/23
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FOXNEWSW
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they believed in janet yellen. we knew the rates wouldn't going to stay the same because of the trillions that have been spent. it was that belief in what is called modern monetary theory that you can print, print, print. the regulators were not watching this bank because they believed in all of that, too. they too believe that there was nothing wrong in investing with that wrong strategy in their heads. >> martha: this is the problem behind group think. when you have this policy, susan, where you're printing trillions -- people might say wait, what does it have to do with any of that? it has to do with this bank. when you have this monetary policy that leads to inflation and let them to have the best that they had made to secure their investments and deposits, it puts them in a tough position interest rate -wise. j.p. morgan had a negative buy rate. they said that they were concerned about svb. then you have the ceo pulling out 3.5 million, selling his shares in the companily before this happened. so people did kn
they believed in janet yellen. we knew the rates wouldn't going to stay the same because of the trillions that have been spent. it was that belief in what is called modern monetary theory that you can print, print, print. the regulators were not watching this bank because they believed in all of that, too. they too believe that there was nothing wrong in investing with that wrong strategy in their heads. >> martha: this is the problem behind group think. when you have this policy, susan,...
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0.0
Mar 15, 2023
03/23
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CSPAN2
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so janet yellen needs to go and get a new one in there. click must be careful here, janet yellen is an old fogey college professor i am an old fogey college professor so we tend to stickll together. she does support as i can tell she was all in favor of insuring all the depositors. and i do have an issue with that. >> from arkansas is tim and arkansas he's calling us underline for independence, go ahead. >> good morning pedro, good morning c-span. i am with you on that. i do not know under what authority they are going to blow up the fdic's by draining it dry. if you do not pay the percentage to belong to ftse you pay a percentage on it. these people with millions date need to absorb the risk. they went to a bank -- mccue did not believe esg nd i.e. had anything to do with this. i think it's got everything to do with it. they add nothing to the balance sheetla. when the federal government cannot get these policies put through by votes by representation, they do in other means but they convince their buddies in the banking industry or they
so janet yellen needs to go and get a new one in there. click must be careful here, janet yellen is an old fogey college professor i am an old fogey college professor so we tend to stickll together. she does support as i can tell she was all in favor of insuring all the depositors. and i do have an issue with that. >> from arkansas is tim and arkansas he's calling us underline for independence, go ahead. >> good morning pedro, good morning c-span. i am with you on that. i do not...
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Mar 17, 2023
03/23
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KGO
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treasury secretary janet yellen telling lawmakers on capitol hill than american banks are strong, i can reassure the members of the committee that our banking system is sound and that americans can feel confident that their deposits will be there when they need them. secretary yellen saying today that the action from those larger banks demonstrates the resilience of the banking system. david scott up on the hill tonight, rachel. thank you, as always tonight, the emotional mother before the cameras after seeing the video of her son dying in custody authorities at the hands of police and workers at a mental health facility. seven deputies already charged tonight. three hospital workers now also charged in the murder. here's pierre thomas. tonight the family of evil otieno furious, saying a video yet to be released shows he was intentionally and cruelly abused before he died in the custody of virginia deputies today we hear from the mother who saw that video son was treated like a dog watch than a dog. i saw it with my own eyes on the video. my son was tortured. tonight. three members of t
treasury secretary janet yellen telling lawmakers on capitol hill than american banks are strong, i can reassure the members of the committee that our banking system is sound and that americans can feel confident that their deposits will be there when they need them. secretary yellen saying today that the action from those larger banks demonstrates the resilience of the banking system. david scott up on the hill tonight, rachel. thank you, as always tonight, the emotional mother before the...
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0.0
Mar 27, 2023
03/23
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FBC
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he spoke about when janet yellen was in front of his committee two weeks ago and her take on the country's debt. watch this. >> admiral mike muleen in the 2010, 2011 timeframe said the greatest threat to the national security was the debt and deficit. it exceeds $32 trillion. the treasury secretary was talking about president biden driving the debt up to the $50 trillion over the 10 year budget window. she wouldn't admit mass i've deficit spending was a major contributor. maria: don't forget, we're on the doorstep of another potential major crisis with the debt ceiling being raised. there's going to be a fight between republicans and democrats in terms of cutting back spending. is that something that could be a market catalyst to the downside as well, as well as these congressional hearings this week on the bank collapse. anything there that you are expecting in terms of recommendations for more rules? >> well, at the very core there's a hierarchy of blame in terms of what happened couple of weeks ago. but at the very core of this is that the -- at the bottom, there was no supervision. eve
he spoke about when janet yellen was in front of his committee two weeks ago and her take on the country's debt. watch this. >> admiral mike muleen in the 2010, 2011 timeframe said the greatest threat to the national security was the debt and deficit. it exceeds $32 trillion. the treasury secretary was talking about president biden driving the debt up to the $50 trillion over the 10 year budget window. she wouldn't admit mass i've deficit spending was a major contributor. maria: don't...
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71
Mar 16, 2023
03/23
by
KGO
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eye 71
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customers lining up at these banks and what the treasury secretary janet yellen , told congress today about the safety of the u. s banking system. rachel scott on the hill tonight. tonight a lifeline for first republic with 11 of the country's biggest bks, a rescue plan to pump $30 billion in deposits to prop up the struggling bank. the groups, saying the move reflects their confidence in the country's banking system. it comes amid growing worry about the stability of regional banks after the collapse of silicon valley bank. i do think that because of the panic that people felt what silicon valley bank they have also sparked another panic with first republic bank i don't think there's a big risk that there's a domino effect just 24 hours ago, first republics credit rating was downgraded into junk territory. it sucked plunging for days, even as the bank tried to reassure customers. still, some were worried it's scary at bank branches to move their money out , rushed over here, and i withdrew all my money for $1. today, the federal reserve and the treasury department, saying the show of
customers lining up at these banks and what the treasury secretary janet yellen , told congress today about the safety of the u. s banking system. rachel scott on the hill tonight. tonight a lifeline for first republic with 11 of the country's biggest bks, a rescue plan to pump $30 billion in deposits to prop up the struggling bank. the groups, saying the move reflects their confidence in the country's banking system. it comes amid growing worry about the stability of regional banks after the...
0
0.0
Mar 16, 2023
03/23
by
CNNW
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janet yellen will be on hill in an hour testifying. it's supposed to be the budget but you know there's going to be questions about the banking system. >> we'll see you tomorrow? >> yes. >> see you tomorrow. >>> cnbc "newsn "newsroom" star after this. it's not too late for another treatment option. to learn more visit treatted.com. that's treatt-e-d.com. only at vangua, you're more than just an invesr—you're an owner. weot this, babe. that means that your dreams . d our financial planning tools can help you reach them. that's the value of ownership. every day, millions of things need to get to where they're going. and at chevron, we're working to help reduce the carbon intensity of the fuels that keep things moving. today, we're producing renewable diesel that can be used in existing diesel tanks. and we're committed to increasing our renewable fuels production. because as we work toward a lower carbon future, it's only human to keep moving forward. introducing the new sleep number climate360 smart bed. the only smart bed in the worl
janet yellen will be on hill in an hour testifying. it's supposed to be the budget but you know there's going to be questions about the banking system. >> we'll see you tomorrow? >> yes. >> see you tomorrow. >>> cnbc "newsn "newsroom" star after this. it's not too late for another treatment option. to learn more visit treatted.com. that's treatt-e-d.com. only at vangua, you're more than just an invesr—you're an owner. weot this, babe. that means that...
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it's good to have you with us. us treasury secretary, janet yellen has said the government is not looking at bailing out silicon valley bank after it was shut down by us regulators on friday. the bank is the 16th largest in the united states. authorities said they were worried about the banks liquidity. alfred lost money while selling assets the concerns from to the banks. depositors mainly tech companies to rush to withdraw funds sparking fears over the wider banking sector. and speaking on sunday morning, british finance minister jeremy hunt said the bank failure post is a serious risk for the technology and life the science sectors in the u. k. but there is a serious risk to our technology and life sciences sectors, many of whom bank with this bang that most people went ahead of the silicon valley bank. but it happens to look after the money of some of our most promising and exciting businesses. and so i want to reassure people, i've been in discussions over the weekend until late last night. now for some analysis, i'm joined by d. w. financial correspondent, dns quarter in new york. y
it's good to have you with us. us treasury secretary, janet yellen has said the government is not looking at bailing out silicon valley bank after it was shut down by us regulators on friday. the bank is the 16th largest in the united states. authorities said they were worried about the banks liquidity. alfred lost money while selling assets the concerns from to the banks. depositors mainly tech companies to rush to withdraw funds sparking fears over the wider banking sector. and speaking on...
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0.0
Mar 17, 2023
03/23
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and it came the same day treasury secretary janet yellen tried to reassure americans their money is safe. so, jarred hill is in new york with more on all of this. jarred, good morning. >> reporter: good morning, anne-marie. as wall street is preparing for its final trading this week, those mixed futures show that it is not really clear how good of a job the secretary and the white house have done at reassuring the markets that the banking system is solid. regardless of whether the system is stable in reality. u.s. stocks soared thursday after 11 major u.s. banks injected $30 billion into california-based bank first republic. it is the third rescue of a regional bank in less than a week. federal regulators took over silicon valley bank and signature bank just days ago. for some first republic customers, this move comes too late. >> altogether i decided to close this account. >> reporter: while others like actress morgan fairchild say they're sticking with first republic. >> i love this bank. i haven't taken my money out. i don't intend to take my money out. >> reporter: treasury secretary
and it came the same day treasury secretary janet yellen tried to reassure americans their money is safe. so, jarred hill is in new york with more on all of this. jarred, good morning. >> reporter: good morning, anne-marie. as wall street is preparing for its final trading this week, those mixed futures show that it is not really clear how good of a job the secretary and the white house have done at reassuring the markets that the banking system is solid. regardless of whether the system...
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welcome to the program. us treasury secretary, janet yellen has said the government is not looking at bailing out silicon valley bank after it was shut down by us regulators on friday. the bank is the 16th largest in the united states. authority said they were worried about the bank's liquidity after it lost money while selling assets. the concerns prompted the banks depositors mainly tech companies to rush to withdraw from sparking fears over the wider banking center. but us authorities say 8 will fully protect deposits. so for some analysis, let's bring in financial correspondent, yann's court a, who's in new york. it's great to see you. right. so there's news now that there's been another bank failure signature bank has been taken over. are we seeing a snowball effect hence? well, as the saying goes, the bank could die over night, and that seems to be true at this point. so a, please don't panic, a, keep your calm, but this is the 3rd a bank pretty much going up with less than a within a week or early last week we had a crew or bang to tied to the crypto industry as silva gate to l
welcome to the program. us treasury secretary, janet yellen has said the government is not looking at bailing out silicon valley bank after it was shut down by us regulators on friday. the bank is the 16th largest in the united states. authority said they were worried about the bank's liquidity after it lost money while selling assets. the concerns prompted the banks depositors mainly tech companies to rush to withdraw from sparking fears over the wider banking center. but us authorities say 8...
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Mar 16, 2023
03/23
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announcer: thursday morning, janet yellen justifies on the presidents 2024 budget request before the finance senate committee. watch live at 10 a.m. eastern on c-span come on our free mobile video app, c-span now, or onne at c-span.org. ♪ announcer: c-span is your unfiltered view of government. funded by these television companies and more, including comcast. >> oh, you think this is just a community center? no, it's way more than that. >> comcast is partnering with 1,000 community centers to create wi-fi enabled listings so students from low income families can have the tools they need to get them ready for anything. announcer: comcast supports c-spans a public service, along with thesether television providers, giving you a front row seat to democrac ♪ announcer: deputy transportation secretary polly trenton berg talked about the implementation of the bipartisan infrastructure law. president biden's 2024 budget request. and public transit projects. the conversation took place at the american public transportation association conferen. >> now i would like to introduce a member a
announcer: thursday morning, janet yellen justifies on the presidents 2024 budget request before the finance senate committee. watch live at 10 a.m. eastern on c-span come on our free mobile video app, c-span now, or onne at c-span.org. ♪ announcer: c-span is your unfiltered view of government. funded by these television companies and more, including comcast. >> oh, you think this is just a community center? no, it's way more than that. >> comcast is partnering with 1,000...
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Mar 16, 2023
03/23
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to hear janet yellen say today everything is a-okay i don't think so. go look at chart of kre, the regional bank index. no, not everything is okay. i do wonder if they're going to have to save somebody else as we move forward. liz: the kre is up 3.6% but the high of the year had been 73 bucks. we're at 46 right now. >> yep. liz: as they say john, bailouts only encourage the very behavior that makes bailouts necessary but let's talk about the opportunity, not just for the big banks but for the smaller investors right now. where are you investing? >> i think you have to be a portion of your portfolio needs to be in polled,. liz: really? >> gold does well when interest rate go down, times of crisis, gold will act as a safe haven. we have both of the situations potentially right now. interest rates are coming in. the worst situation for gold that interest rates rise. the drama will build until the march 22nd fomc meeting, do they decide to raise rates to cut inflation, or provide liquidity in the system to prevent further stress? the finance hal system. liz
to hear janet yellen say today everything is a-okay i don't think so. go look at chart of kre, the regional bank index. no, not everything is okay. i do wonder if they're going to have to save somebody else as we move forward. liz: the kre is up 3.6% but the high of the year had been 73 bucks. we're at 46 right now. >> yep. liz: as they say john, bailouts only encourage the very behavior that makes bailouts necessary but let's talk about the opportunity, not just for the big banks but for...
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Mar 16, 2023
03/23
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it is interesting to see where treasury secretary janet yellen will express. they kickoff in less than an hour. here is a preview of yellen's opening statement. i can reassure the members that our banking system remains sound and americans can feel confident, their deposits will be there when they need them. the collapse of silicon valley and banks creating wild swings on wall street. kevin o'leary will join us live. >>> a man with a machete attacks someone in a southern california gym. this unfolds in planet fitness. a hero stepped in and said he knew he had to take action. watch this. >> it happened fast and i wases not scared at that moment. i felt the adrenaline and kind of going after. the victim acted, we didn't have time to decide or think about what we are going to do. i just was involved before i thought about it. >> that man and three others were able to disarm and pin the suspect down until police got there. officials say the victim who was stabbed multiple times should make a full recovery. >>> the reporter who had his media credentials revoked, ma
it is interesting to see where treasury secretary janet yellen will express. they kickoff in less than an hour. here is a preview of yellen's opening statement. i can reassure the members that our banking system remains sound and americans can feel confident, their deposits will be there when they need them. the collapse of silicon valley and banks creating wild swings on wall street. kevin o'leary will join us live. >>> a man with a machete attacks someone in a southern california...
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Mar 21, 2023
03/23
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janet yellen will have a meeting at 10 a.m. eastern this morning. tiktok has new guidelines about ai generated banning fake or altered media of real private figures and banning,ai featuring public figures from being used in ads. the moves come as tiktok's ceo says they are a a pivotal point and he will testify in front of congress on thursday. group of seattle mariners took a joyride on a golf cart yesterday to place a massive order at in and out. watch. >> can i do 150 double-doubles? >> is that everything? >> not yet. 150 burgers and 60 fries. >> get your hand out of the food. >> see you, guys. >> dig in, boys. >> what? >> we're in glendale. >> ashley: burgers and fries fed pro baseball players 30 minutes before first pitch. should have got 150 fries with their burger. >> steve: the double-double is fantastic, had it with animal fries. >> fulfilling your order. >> brian: some guys are playing two games per day and being fuelled by in and out burger? >> try it. >> steve: headline in # "new york post," pizza history. we've been telling you how new y
janet yellen will have a meeting at 10 a.m. eastern this morning. tiktok has new guidelines about ai generated banning fake or altered media of real private figures and banning,ai featuring public figures from being used in ads. the moves come as tiktok's ceo says they are a a pivotal point and he will testify in front of congress on thursday. group of seattle mariners took a joyride on a golf cart yesterday to place a massive order at in and out. watch. >> can i do 150 double-doubles?...
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Mar 18, 2023
03/23
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you asked about the janet yellen clip and i think that is telling. there is this tension, and i don't think this is the one everyone in washington and financial regulation circles are debating, the law does not say everyone gets their deposits back automatically. when you heard that question from janet yellen and senator lankford, does a small community bank at the same treatment silicon valley bank depositors got? she answered the question in a technical manner which is basically the law says x about this and anything further, there is a determination, is this systemically important? it is not something someone wants to hear right now. there is this assumption all depositors are insured even if we say itnly goes up to $250,000. if we are going to implicitly accept that no one will lose their money, we might want to think about changing the laws to codify that and say they are all insured. if they are all insured, change other laws that have to do with the nature of banking. we are existing in this limbo space where everyone probably believes implici
you asked about the janet yellen clip and i think that is telling. there is this tension, and i don't think this is the one everyone in washington and financial regulation circles are debating, the law does not say everyone gets their deposits back automatically. when you heard that question from janet yellen and senator lankford, does a small community bank at the same treatment silicon valley bank depositors got? she answered the question in a technical manner which is basically the law says...
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Mar 19, 2023
03/23
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and testimony from antony n, testimony from jenny yellen. -- janet yellen. and from mark milley. on wednesday, moderna will testify ahead of the senate health committee, about the companies attempt to offset the cost ofhe covid vaccine. and the energy d commerce committee on tiktok, its impact on kids,nd its relationship to the chinescommunist party. watch on c-span, c-span now our free mobile video app or head to c-span.org to stream video live or on-demand at any time. c-span, your unfiltered view government. >> c-span is your unfiltered view ogovernment. were funded by these television companies and more including comcast. >> it's way more than a community center. >> ccast is partning with communitcenters to create wi-fi enabled hotspots. >>
and testimony from antony n, testimony from jenny yellen. -- janet yellen. and from mark milley. on wednesday, moderna will testify ahead of the senate health committee, about the companies attempt to offset the cost ofhe covid vaccine. and the energy d commerce committee on tiktok, its impact on kids,nd its relationship to the chinescommunist party. watch on c-span, c-span now our free mobile video app or head to c-span.org to stream video live or on-demand at any time. c-span, your unfiltered...
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Mar 27, 2023
03/23
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FBC
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yellen testifying this week markets this morning are rallying on this -- rescue. of all assets dow industrials up 218 points highs of the morning right now hour and a half before opening bell nasdaq up 51 s&p higher by 26 this on top of against last week as well take a look at market last week major afternoons chalked up gains nasdaq up 1 2/3% dow industrials up 1.1% s&p 500 higher by 1 1/3% european markets with firmer tone eurozone ft 100 in london up 63 cac quarante up 71, dax higher by 181. in asia overnight, will most red across the board, with the exception of japan. nikkei average up a third of one percent weak spot hong kong down 1 3/4 on a hang seng, in washington house of representatives moving forward with tiktok legislation after last week's hearing on capitol hill, more deals coming up, then in new york, the trump grand jury to reconvene today after multiple calculations last week details, this morning with congressman greb steube former federal prosecutor fox news contributor andrew mccarthy right now to break it town michael lee, pollster the presid
yellen testifying this week markets this morning are rallying on this -- rescue. of all assets dow industrials up 218 points highs of the morning right now hour and a half before opening bell nasdaq up 51 s&p higher by 26 this on top of against last week as well take a look at market last week major afternoons chalked up gains nasdaq up 1 2/3% dow industrials up 1.1% s&p 500 higher by 1 1/3% european markets with firmer tone eurozone ft 100 in london up 63 cac quarante up 71, dax higher...
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Mar 25, 2023
03/23
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FBC
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yellen is modeling the rules we don't know what the rules are she going to assure about 250,000 are not and how many other banks are there that could fail, what is your take on the number of banks that could be problematic? >> i think the hazard and you kneeled on the head. when you have a bank with idiot management and i don't mean to be rude i'm just saying you look at silicon valley bank and a combination of idiot management aboard this unqualified to oversee our negligence or both in the san francisco fed just missed it. is it my fault, directed pay for that as a taxpayer, credit suisse you referenced has been a zombie bank for 14 years. the average penalty for the management team over the last decade is half a billion a year. if that isn't idiot management you had us if you put your money into that place finally credit suisse had to clean it up on their own but everybody knows that story, deutsche bank same issue. as a taxpayer the question is why do i have to bailout idiots over and over again, let them fail and let the market clean it up, it's okay if they go to 0. maria: tha
yellen is modeling the rules we don't know what the rules are she going to assure about 250,000 are not and how many other banks are there that could fail, what is your take on the number of banks that could be problematic? >> i think the hazard and you kneeled on the head. when you have a bank with idiot management and i don't mean to be rude i'm just saying you look at silicon valley bank and a combination of idiot management aboard this unqualified to oversee our negligence or both in...
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Mar 13, 2023
03/23
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on thursday morning treasury secretary janet yellen has eyes on the budget request before the senate finance committee. watch live at 10 a.m. eastern on c-span on our free will video app, c-span now or online at c-span.org. >> c-span now is a free mobile app featuring your unfiltered view of what's happening in washington live and on-demand keep up with the day's biggest events with live streams of floor proceedings or hearings from the u.s. congress. white house events, campaigns and more from the world's politics all at your fingertips. you can also stay current with the latest episodes of "washington journal" and find scheduling information for c's been tv network and c-span radio . c-span now is available at the apple store, and google play. download for free today. c-span now your front row seat to washington any, anywhere. >> up next deputy transportation secretary talks about implementation of the bipartisan infrastructure law the 2020 four budget request and public transit projects. in front of the transportation congress in d.c.. it's about 20 minutes. >> i'd like to introdu
on thursday morning treasury secretary janet yellen has eyes on the budget request before the senate finance committee. watch live at 10 a.m. eastern on c-span on our free will video app, c-span now or online at c-span.org. >> c-span now is a free mobile app featuring your unfiltered view of what's happening in washington live and on-demand keep up with the day's biggest events with live streams of floor proceedings or hearings from the u.s. congress. white house events, campaigns and...
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Mar 10, 2023
03/23
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talk to us about what we look for next coming from the likes of the fdic and janet yellen. kailey: for the fdic this goes back to roku and the question of uninsured deposits. this is the first failure of an insured institution this year. that insurance only goes so far. that cap is $250,000. from our understanding more than 90% of the deposits at silicon valley bank were uninsured. that will be question number one, what happens with those uninsured deposits? are those depositors going to be made whole? that will be one of the priorities we are following for those early-stage companies that may be short on cash at this point. then it becomes a question of any ripple effects. are we going to see other episodes of this, or was this an isolated incident? we were speaking with a former official from the fdic earlier who said regulators are hoping this is just an isolated incident that they can contain. janet yellen and the broader white house did express confidence in what regulators are doing. they were quick to point out this is not 2008, we are post dodd-frank. there are capi
talk to us about what we look for next coming from the likes of the fdic and janet yellen. kailey: for the fdic this goes back to roku and the question of uninsured deposits. this is the first failure of an insured institution this year. that insurance only goes so far. that cap is $250,000. from our understanding more than 90% of the deposits at silicon valley bank were uninsured. that will be question number one, what happens with those uninsured deposits? are those depositors going to be...
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Mar 17, 2023
03/23
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today treasury secretary janet yellen faced tough questions from the senate about the ongoing turmoil. cbs's scott macfarlane is on capitol hill. >> reporter: california-based first republic bank becomes the third u.s. bank this week rescued from collapse. the infusion of $30 billion to save the troubled lender came from 11 of the nation's largest financial institutions. first republic had lost a quarter of its value by noon today and rattled markets. it would later rebound, but wall street traders said this was only a short-term fix. >> is that a long-term solution? i don't think so. are there other companies that have exposure to the bigger systemic problem? very possibly. >> reporter: nervous first republic customers have seen their bank's value plummet since silicon valley bank collapsed last week. >> i was definitely concerned with the financial situation, you know, after the two banks went under. >> reporter: treasury secretary janet yellen, who negotiated today's rescue with, among others, jpmorgan's jamie dimon, went to capitol hill today to quiet the concerns. >> i can reassu
today treasury secretary janet yellen faced tough questions from the senate about the ongoing turmoil. cbs's scott macfarlane is on capitol hill. >> reporter: california-based first republic bank becomes the third u.s. bank this week rescued from collapse. the infusion of $30 billion to save the troubled lender came from 11 of the nation's largest financial institutions. first republic had lost a quarter of its value by noon today and rattled markets. it would later rebound, but wall...
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Mar 16, 2023
03/23
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is it too late for janet yellen to calm fears and unwind a crisis that she is partially for and the bidenomic policies are partially responsible for? >> yes. that's a great point. janet she needs to speak on how this can be corrected in the future. we need to be able to calm people's fears i pray she can do that but, you are right. she is part of the failures that we have seen across the board. >> todd: meantime, senator, breaking right now, we are getting our first look at new video showing the moment a russian jet dumps fuel and collides with a u.s. drone over the black sea. you can see it right there. you can see the fuel trail being dumped by the russian jet. you can see it impacting our drone. propellers starting to slow there on the drone and pretty in short order i'm being told we will go color bars showing the drone itself has been incapacitated. we are watching this all together for the first time. what's your reaction when you see that? >> right, correct. this was over international airspace. and so the russians have gotten very aggressive. and, you know what? we need to really take
is it too late for janet yellen to calm fears and unwind a crisis that she is partially for and the bidenomic policies are partially responsible for? >> yes. that's a great point. janet she needs to speak on how this can be corrected in the future. we need to be able to calm people's fears i pray she can do that but, you are right. she is part of the failures that we have seen across the board. >> todd: meantime, senator, breaking right now, we are getting our first look at new...
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Mar 16, 2023
03/23
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CNNW
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i'm kate bolduan, and first to capitol hill where secretary treasury janet yellen is trying to assure the american people and the senate that the monetary system is sound. and they may get to the president's budget, but in light of that, her appearance there is taking on new appearance, because she is the first biden administration official to appear before the senate, and this is after the global financial markets have been rattled by another problem. credit suisse has been propped up by over $54 million from the swiss bank. this a look at where it is standing right now as christine romans is watching all of this for us. first, christine, start with janet yellen who is testifying now. >> she is speaking to congress, but speaking directly to the american people telling them that your money is safe here, and we have taken steps to make sure that if you are a deposit ordepositor in a u.s. bank, you can get it out. >> i can assure the members of the american banking system that it is sound, and that americans can be confident that their deposits are there when they need them, and this we
i'm kate bolduan, and first to capitol hill where secretary treasury janet yellen is trying to assure the american people and the senate that the monetary system is sound. and they may get to the president's budget, but in light of that, her appearance there is taking on new appearance, because she is the first biden administration official to appear before the senate, and this is after the global financial markets have been rattled by another problem. credit suisse has been propped up by over...
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Mar 21, 2023
03/23
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janet yellen is delivering a keynote address. she's going to be talking also with the head of the american banking association. what does she say in terms of additional measures of support and why they are needed now? how do you get confidence in markets at a time when you also are saying we need to provide a bigger backstop? jonathan: there are only 70 times you can say it is robust and resilient. and then they get into trouble. at some point you have to change policy. lisa: you would not say that unless there's a problem. you've to see what measures you are taking and why they are necessary if there is this resilience and a stability in banking. jonathan: someone at jp morgan said this, the fed is facing a difficult task but it is likely past the point of no return. he says a soft landing looks unlikely with the airplane on a tailspin. engines about turnout -- turn off. steve joining us. wonderful to catch up. are we at the point of no return or past it? steve: we believe the u.s. economy it was going to stall even before these
janet yellen is delivering a keynote address. she's going to be talking also with the head of the american banking association. what does she say in terms of additional measures of support and why they are needed now? how do you get confidence in markets at a time when you also are saying we need to provide a bigger backstop? jonathan: there are only 70 times you can say it is robust and resilient. and then they get into trouble. at some point you have to change policy. lisa: you would not say...
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169
Mar 18, 2023
03/23
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yellen said this week was the most frightening thing i ever heard. going after all the small banks and get centralized banking which sets up the door for fed coin and there goes our privacy. paul: you could look at a lot of institutions that were not well-run they brought it upon themselves, are you saying to clean up their act or get them out of town is bad? >> i'm not saying that. i'm saying it is intentional. when you raise interest rates all the bonds that crashed, as we talked about earlier in the program, systemic and what is happening next, inflation will be systemic, the biggest news is mexico just agreed to join the brig stations, russia, china, saudi arabia, japan is next. america is in serious trouble because the shanghai cooperation organization is after us and -- paul: i'm always interrupting, i don't mean that. for all our problems we are a lot better off than our beleaguered european institutions and banks, understand that ubs might be in talks to take over credit suisse and a lot of asian banks in a world of hurt, if china is running
yellen said this week was the most frightening thing i ever heard. going after all the small banks and get centralized banking which sets up the door for fed coin and there goes our privacy. paul: you could look at a lot of institutions that were not well-run they brought it upon themselves, are you saying to clean up their act or get them out of town is bad? >> i'm not saying that. i'm saying it is intentional. when you raise interest rates all the bonds that crashed, as we talked about...
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Mar 18, 2023
03/23
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you asked about the janet yellen clip and i think that is telling. there is this tension, and i don't think this is the one everyone in washington and financial regulation circles are debating, the law does not say everyone gets their deposits back automatically. when you heard that question from janet yellen and senator lankford, does a small community bank at the same treatment silicon valley bank depositors got? she answered the question in a technical manner which is basically the law says x about this and anything further, there is a determination, is this systemically important? it is not something someone wants to hear right now. there is this assumption all depositors are insured even if we say it only goes up to $250,000. if we are going to implicitly accept that no one will lose their money, we might want to think about changing the laws to codify that and say they are all insured. if they are all insured, change other laws that have to do with the nature of banking. we are existing in this limbo space where everyone probably believes impli
you asked about the janet yellen clip and i think that is telling. there is this tension, and i don't think this is the one everyone in washington and financial regulation circles are debating, the law does not say everyone gets their deposits back automatically. when you heard that question from janet yellen and senator lankford, does a small community bank at the same treatment silicon valley bank depositors got? she answered the question in a technical manner which is basically the law says...
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Mar 24, 2023
03/23
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on capitol hill, janet yellen's comments have been roiling these stocks. bank deposit data comes out later in the u.s.. the data before was before this svb collapse. we will see how things move after what we have been the seeing. >> treasury secretary janet yellen has changed her tone unprotected u.s. bank depositors, saying they are ready to take further steps if needed. kathleen hays is here with us. a few words, very big difference. >> you can say that again. think back to yesterday. the fed chair had just announced what was happening with their policy rates, up 25 basis points. jay powell was reassuring investors we are moving ahead, things are not under control, but they were confident the banking system would be resilient. janet yellen gets up and was talking to the senate and she says we have done everything to shore up depositors. the banks saw that and it instantly hit pink and stocks in the u.s.. they did not feel reassured at all. they were waiting for her to say something about what they are able to do next. 24 hours later, she comes out and sa
on capitol hill, janet yellen's comments have been roiling these stocks. bank deposit data comes out later in the u.s.. the data before was before this svb collapse. we will see how things move after what we have been the seeing. >> treasury secretary janet yellen has changed her tone unprotected u.s. bank depositors, saying they are ready to take further steps if needed. kathleen hays is here with us. a few words, very big difference. >> you can say that again. think back to...
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Mar 22, 2023
03/23
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this is a portion from secretary janet yellen yesterday. [video clip] >> let me be clear, the government's recent actions have demonstrated our resolute commitment to take the necessary steps to ensure depositors savings and the banking system remains safe. our approach has two main pillars. first, we work with the federal reserve and fdic to protect all depositors in silicon valley bank and signature bank. the steps we took were not focused on needing specific banks or classes of banks. our intervention was necessary to protect the u.s. banking system. and similar actions could be warranted if smaller institutions suffered deposit runs post the risk of contagion. our actions reduced the risk of further bank failures. it would have imposed losses on deposit insurance fund, which is paid through vs on bank. second, we announced a new -- to provide liquidity in the banking system. the feds new lynn the facility, the bank term funding program is designed to help banks meet the needs of all of their deposits. the situation is stabilized. and th
this is a portion from secretary janet yellen yesterday. [video clip] >> let me be clear, the government's recent actions have demonstrated our resolute commitment to take the necessary steps to ensure depositors savings and the banking system remains safe. our approach has two main pillars. first, we work with the federal reserve and fdic to protect all depositors in silicon valley bank and signature bank. the steps we took were not focused on needing specific banks or classes of banks....
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Mar 23, 2023
03/23
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. >> out of nowhere, janet yellen comes and says for no apparent reason because she didn't need to because these people can't learn to not shoot their mouths off that there was no real plan to provide insurance for broader than current fdic coverage, which then gets a lot of people going oh, that means we're going to have more bank failures. >> neil: all right. when billionaires have come out on record and say they have it with our financial leaders, whether it's jerome powell or janet yellen, what that means and the significance of seeing folks with not much competence in their own bank, their own fortunes and their own future. dave dotson is back with us. stanford school of business professor. what to you make of this, dave? they're just the latest to say this stuff about losing faith. some wall street traders and others have said about the havoc that's been created in the banking industry by the missteps on federal regulators. what do you make of it? >> i agree. it starts with the fed has to stop playing god. they're on their way to snatching defeat from the jaws of victory here. they h
. >> out of nowhere, janet yellen comes and says for no apparent reason because she didn't need to because these people can't learn to not shoot their mouths off that there was no real plan to provide insurance for broader than current fdic coverage, which then gets a lot of people going oh, that means we're going to have more bank failures. >> neil: all right. when billionaires have come out on record and say they have it with our financial leaders, whether it's jerome powell or...
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all eyes going to be on treasury secretary janet yellen. she is going to be testifying before the senate finance committee in the wake of the sudden collapse of two u.s. banks. supposed to be a hearing focused on the budget. of course, this is going to be a major topic. moments ago, cnn got an early preview of the prepared remarks. we're told that secretary yellen is expected to tell the senate committee that, quote, our banking system remains sound. americans can feel confident that their deposits will be there when they need them. so joining us now for perspective is republican congressman from north carolina, patrick mchenry. the main question is are there going to be congressional hearings on this? >> sure. there will be. the fact that they're in consistent communication with the regulators and administration for the last week, you know, i think pretty good understanding of how they responded. i think they responded well. we have to get to the bottom of why this happened. we'll develop a plan for hearings and witnesses and things of tha
all eyes going to be on treasury secretary janet yellen. she is going to be testifying before the senate finance committee in the wake of the sudden collapse of two u.s. banks. supposed to be a hearing focused on the budget. of course, this is going to be a major topic. moments ago, cnn got an early preview of the prepared remarks. we're told that secretary yellen is expected to tell the senate committee that, quote, our banking system remains sound. americans can feel confident that their...
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right now on capitol hill, janet yellen is insisting the nation's banking system is sound after two recent bank collapses. we'll talk to california congressman ro khanna whose district including silicon valley, about what congress could do to prevent something like this from happening again >>> new video this morning that the pentagon says shows a russian fighter jet dumping fuel on and colliding with a u.s. drone over the black sea we've got exclusive reporting on what's behind the aggressive actions. >>> plus, new details about georgia's investigation into whether former president trump tried to overturn the 2020 election results we're learning the grand jury has heard a new trump phone call >>> and in texas, we could soon get a ruling surrounding a lawsuit that aims to ban an abortion medication that women have been using safely for decades. >>> right now on capitol hill, treasury secretary janet yellen is testifying before lawmakers as concerns are growing that now first republic bank could be the next to fall shares of first republic fell 30% when the markets opened this morning after
right now on capitol hill, janet yellen is insisting the nation's banking system is sound after two recent bank collapses. we'll talk to california congressman ro khanna whose district including silicon valley, about what congress could do to prevent something like this from happening again >>> new video this morning that the pentagon says shows a russian fighter jet dumping fuel on and colliding with a u.s. drone over the black sea we've got exclusive reporting on what's behind the...