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Mar 22, 2023
03/23
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janet yellen says the u.s. is not considering providing blanket the positive insurance to stabilize the banking system. we had a slightly different view from jay powell. he also dashed hopes the fed will be cutting rates this year. we will be looking for the bank reaction especially as we get more volatility across the u.s. banking sector. gold miners could see a boost. take a look at how we are setting up thursday as asia awakes to the fed decision to go 25 basis points rather than a pause and more significantly flagging that this is not the end of the road when it comes to the battle against inflation that more tightening is to come. ruling out the idea that we could see rate cuts this year. cindy futures we are up .6%. the fed pushing back against dovish expectations. we are looking at declines in sydney and also when japan gets underway. could see some gains when hong kong comes online. the aussie is trading stronger when it comes to the broader g10 and against the kiwi dollar as well. also watching the dol
janet yellen says the u.s. is not considering providing blanket the positive insurance to stabilize the banking system. we had a slightly different view from jay powell. he also dashed hopes the fed will be cutting rates this year. we will be looking for the bank reaction especially as we get more volatility across the u.s. banking sector. gold miners could see a boost. take a look at how we are setting up thursday as asia awakes to the fed decision to go 25 basis points rather than a pause and...
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Mar 23, 2023
03/23
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treasury secretary janet yellen saying the u.s. government is not considering packing all bank deposits. tencent is the one to watch when it comes to tech, revenue inching higher that managed to reverse those cook -- reverse two consecutive quarters -- ♪ let's find the right investments for your goals. okay, great. j.p. morgan wealth management. when you automate sales tax with avalara, you don't have to worry about things like changing tax rates, exemption certificates or filing returns. avalarahhh ahhh ahhh go. go scientist. go software. go cure. go production. go faster and safer. emerson automation software helps breakthrough medicines get to market at warp speed. go human go. go boldly. emerson. it's easy to get lost in investment research. okay, great. j.p. morgan wealth management. i screwed up. mhm. i got us t-mobile home internet. now cell phone users have priority over us. and your marriage survived that? you can almost feel the drag when people walk by with their phones. oh i can't hear you... you're froze-- ladies, pl
treasury secretary janet yellen saying the u.s. government is not considering packing all bank deposits. tencent is the one to watch when it comes to tech, revenue inching higher that managed to reverse those cook -- reverse two consecutive quarters -- ♪ let's find the right investments for your goals. okay, great. j.p. morgan wealth management. when you automate sales tax with avalara, you don't have to worry about things like changing tax rates, exemption certificates or filing returns....
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Mar 17, 2023
03/23
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janet yellen offered more assurance u.s. banks are safe and sound and we doubt the treasury secretary believes it, no one else does. the economy and banking system are a okay when they are not, the more markets get nervous. >> todd: that is concerning from
janet yellen offered more assurance u.s. banks are safe and sound and we doubt the treasury secretary believes it, no one else does. the economy and banking system are a okay when they are not, the more markets get nervous. >> todd: that is concerning from
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Mar 21, 2023
03/23
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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 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 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 21, 2023
03/23
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FBC
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did you hear what treasury secretary janet yellen said today? she insists the bank situation is stablizing and the fed will intervene to protect small banks, all the kind of things you would expect but she also let out the feds are indeed mulling unlimited deposit guaranties if the bank crisis worsens. who pays for that? we'll ask former house majority leader eric cantor who fears well, taxpayers do. florida republican congresswoman anna paulina luna, on the law of unintended rescue consequences and violent crime worries this spring break in i guess the spring break capital of the world, florida. yeah. florida. ain't that a beach or should i say miami beach? welcome, everybody, i'm neil cavuto. glad to have you. sunny skies for stocks thus far. they have given up a lot of their gains, close to over 300 points earlier in the day. 126 points, to kenny polcari what he makes thiscom pac tuesday. kenny. >> how are you? i feel good about this comeback tuesday. a lot of angst we saw certainly was created out out of the hysta over the bank situation and
did you hear what treasury secretary janet yellen said today? she insists the bank situation is stablizing and the fed will intervene to protect small banks, all the kind of things you would expect but she also let out the feds are indeed mulling unlimited deposit guaranties if the bank crisis worsens. who pays for that? we'll ask former house majority leader eric cantor who fears well, taxpayers do. florida republican congresswoman anna paulina luna, on the law of unintended rescue...
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Mar 16, 2023
03/23
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this comes after treasury secretary janet yellen tried to reassure congress and the nation that america's banking system is sound. >>> welcome to our viewers here in the united states and around the world. i'm wolf blitzer. you're in "the situation room." >>> this hour, pieces of a downed u.s. drone may now be in the hands of russia. two days after aggressive moves by kremlin warplanes over the black sea, critical moments of that encounter captured on video newly released by the u.s. military. cnn pentagon correspondent oren liebermann is following all this for us. first, what are you learning? >> reporter: russia got to the scene of the crash site hours after the u.s. operators took the drone down. they believe russia collected some of the debris, some of the wreckage from the drone as senior russian officials said they would do to learn more about it. officials downplayed the significance of what was left from the drone, first because it's small pieces of wreckage, and second, because sensitive information was wiped from the drone before it crashed. >>> what might be the first fiscal co
this comes after treasury secretary janet yellen tried to reassure congress and the nation that america's banking system is sound. >>> welcome to our viewers here in the united states and around the world. i'm wolf blitzer. you're in "the situation room." >>> this hour, pieces of a downed u.s. drone may now be in the hands of russia. two days after aggressive moves by kremlin warplanes over the black sea, critical moments of that encounter captured on video newly...
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Mar 16, 2023
03/23
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KQED
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in fact, the treasury secretary, janet yellen, was testifying to congress that she was meant to testify about the budget. but there was lots of comments and questions about what has happened in the banking industry in the last few days. have a listen to what she said. >> i can reassure the members of the committee that our banking system is sound and americans can feel confident that their deposits will be there when they ne them. this week's actions demonstrate our risk to ensure that our financial system remains strong in the depositors savings remain safe. david: for all of janet yellen's assurances there, isn't the truth of the matter that this whole situation leaves financial regulators and almost impossible task. because in order to control the situation, they have to bring down interest rates and that runs the risk of fueling inflation. >> absolutely. inflation has been the word for many, many days. you will know them interest rates have been climbing all around the world to try to contain inflation, and now we heard from the ecb that said, we are still going to raise interest ra
in fact, the treasury secretary, janet yellen, was testifying to congress that she was meant to testify about the budget. but there was lots of comments and questions about what has happened in the banking industry in the last few days. have a listen to what she said. >> i can reassure the members of the committee that our banking system is sound and americans can feel confident that their deposits will be there when they ne them. this week's actions demonstrate our risk to ensure that...
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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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Mar 17, 2023
03/23
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so we have heard from janet yellen, the treasury secretary saying that if things about the us banking system, that it is secure, and we also now have the confidence reflected in the decision of these 11 banks to come so much money into one single medium sized bank. all lies now will be on the markets to see how they respond, and of course all eyes on individual investors, the individuals who have money in this bank to see how they respond. we can now speak to wall street insider danielle dimartino booth who's ceo and chief strategist at quill intelligence and former advisor to the dallas federal reserve. danielle, thank you for taking the time to come in the programme. now, we have seen big us banks step into first —— helps at first reserve, but we didn't see the same support last week when silicon valley bank collapsed and signature bank collapsed and signature bank collapsed. what you think is different time around? i think right now it is paramount for us regulators and wired the treasury secretary janet yellen has prompted these banks to infuse first republic with $30 billion
so we have heard from janet yellen, the treasury secretary saying that if things about the us banking system, that it is secure, and we also now have the confidence reflected in the decision of these 11 banks to come so much money into one single medium sized bank. all lies now will be on the markets to see how they respond, and of course all eyes on individual investors, the individuals who have money in this bank to see how they respond. we can now speak to wall street insider danielle...
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Mar 24, 2023
03/23
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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 17, 2023
03/23
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FOXNEWSW
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janet yellen offered more assurance u.s. banks are safe and sound and we doubt the treasury secretary believes it, no one else does. the economy and banking system are a okay when they are not, the more markets get nervous. >> todd: that is concerning from the editorial board. alexandria hoff joins us live. >> alexandria: u.s. regulators are applauding the deal saying the lifeline given to first republic bank demonstrates the resilience of the american banking system. all of this to pull first republic bank from the spiral met by silicon valley, signature and silver gate. join statement reads action of the largest banks reflect confidence in the banking system, we are deploying strength and liquidity to the largest system where it is needed most. the banks are supporting the economy and those around us. secretary yellen was among the architects of the deal. her testimony game days after emergency action to contain collapse of silicon valley bank. listen. >> i can reassure the members of the committee that our banking system
janet yellen offered more assurance u.s. banks are safe and sound and we doubt the treasury secretary believes it, no one else does. the economy and banking system are a okay when they are not, the more markets get nervous. >> todd: that is concerning from the editorial board. alexandria hoff joins us live. >> alexandria: u.s. regulators are applauding the deal saying the lifeline given to first republic bank demonstrates the resilience of the american banking system. all of this to...
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Mar 16, 2023
03/23
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FOXNEWSW
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so janet yellen will have to speak with authority on how this can be corrected in the future. >> some lawmakers say they should have seen this coming. there is a push to tighten some banking rules that congress loosened in 2018. >> i think that most of our members want to have the question answered by the regulators what happened. i mean how come they were asleep at the switch and didn't see this coming? these are pretty obvious indicators and there is still a lot of losses on the balance sheets around the country. >> for now, lawmakers are flailing at a course of action. no one wants to talk about the contagious in 2008 that sparked a fiscal meltdown. >> does anything with this crisis concern you in a way it did in 2008? >> look, i have faith in president biden, secretary ye yellen, and the federal reserve. they have all hands on deck. >> they will talk about if it could prose a problem here. the marks open in about ten minutes. >>> nice to see you on the hill. as we await the market open, we are bringing in maria bartiromo. >> yeah, she has to explain how it is possible that they di
so janet yellen will have to speak with authority on how this can be corrected in the future. >> some lawmakers say they should have seen this coming. there is a push to tighten some banking rules that congress loosened in 2018. >> i think that most of our members want to have the question answered by the regulators what happened. i mean how come they were asleep at the switch and didn't see this coming? these are pretty obvious indicators and there is still a lot of losses on the...
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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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71
Mar 16, 2023
03/23
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KGO
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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
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Mar 16, 2023
03/23
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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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Mar 18, 2023
03/23
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FOXNEWSW
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>> well, janet yellen has to say that because the main problem here is you're having bank runs. people are very worried about their deposits, and she needs to try to calm the environment. paul: but if they don't believe you, aren't you contributing to more lack of confidence? >> i don't know. i think the markets are worried because they know a little bit about what the balance sheets of these banks look like, and what they know is that the silicon valley bank and some of the others are not unique, that the regulators have allowed certain kinds of risk to be on the balance sheet of banks even though they said they wouldn't after dodd-frank, and banks took more risk because interest rates were kept very low for very long. they were looking for yield, and the only way you get yield in that environment to the take more risk. so that's what they did, and that's what is confronting depositors in this moment. paul: kid the they make the right decision, dan, to guarantee returns for insured depositors at these two banks? with something of an implication that it could be the same for oth
>> well, janet yellen has to say that because the main problem here is you're having bank runs. people are very worried about their deposits, and she needs to try to calm the environment. paul: but if they don't believe you, aren't you contributing to more lack of confidence? >> i don't know. i think the markets are worried because they know a little bit about what the balance sheets of these banks look like, and what they know is that the silicon valley bank and some of the others...
0
0.0
Mar 17, 2023
03/23
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FBC
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runs, treasury secretary janet yellen speaking on the state of the u.s. financial banking system yesterday. heres' a bit of what she said, watch. >> i can reassure the members of our committee the banking system is sound. americans can feel confident their he deposits will be there when they need them. this week's actions demonstrate our resolute commitment to ensure our financial system remains strong and that deposit depositor's savings remain safe. no taxpayer money is being used or put at risk with this action. maria: steven, with that the wall street journal writes in the editorial board section, while yellen assures banks run, janet yellen offers more assurances thursday that u.s. banks are safe and sound and we doubt even the treasury secretary believes it, certainly no one else does, writes the journal. the biggest american bank has to commit 30 billion on thursday to rescue first republic bank 15 years to the day that bear sterns collapsed. happy a anniversary the journal writes, your reaction. >> you have to distinguish this crisis from '08, '09
runs, treasury secretary janet yellen speaking on the state of the u.s. financial banking system yesterday. heres' a bit of what she said, watch. >> i can reassure the members of our committee the banking system is sound. americans can feel confident their he deposits will be there when they need them. this week's actions demonstrate our resolute commitment to ensure our financial system remains strong and that deposit depositor's savings remain safe. no taxpayer money is being used or...
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0.0
Mar 17, 2023
03/23
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KNTV
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. >>> the $30 billion plan to rescue another troubled bank, and treasury secretary janet yellen today appearing before congress what she said about the safety of american banks. >>> the u.s. threatening to ban tiktok over national security fears. how the popular app's owner is responding >>> the cross-country storm, tornado warnings and hail in texas. snow in the midwest, and caught on camera, the daring flood rescue in los angeles. >>> nbc news investigates, why is this school still open near a plant the epa says emits a toxic chemical families demanding answers >>> the first big upset in march madness. the tiny school pulling off a stunner in its first tournament appearance in 40 years >> announcer: this is "nbc nightly news" with lester holt >>> good evening, and welcome, everyone the u.s. tonight offering compelling evidence that russian fighter jets were the aggressors in a confrontation with an american air force drone over the black sea this week. newly declassified pentagon video from the drone's camera captured a russian warplane spraying jet fuel directly in the path of the
. >>> the $30 billion plan to rescue another troubled bank, and treasury secretary janet yellen today appearing before congress what she said about the safety of american banks. >>> the u.s. threatening to ban tiktok over national security fears. how the popular app's owner is responding >>> the cross-country storm, tornado warnings and hail in texas. snow in the midwest, and caught on camera, the daring flood rescue in los angeles. >>> nbc news investigates,...
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0.0
Mar 16, 2023
03/23
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FOXNEWSW
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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 17, 2023
03/23
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janet yellen said nope. why should we be paying for millionaires and billionaires in silicon valley? no hadar how hard janet yellen sells it, it doesn't work. take a look. >> we worked with the federal reserve and fdic to protect all depositors of the two failed banks. on monday morning, customers were able to access all of the money in their deposit accounts so they could make payroll and pay the bills. shareholders and debt holders are not being protected by the government. importantly no taxpayer money is being used or put at risk with this action. >> sean: all right. it only gets worse from there. you are bailing out very wealthy americans. it's going to be your tax dollars or fees that you pay to banks as they raise these fees. also, chinese nationals that deposited money in svb, guess who predicted this? turns out if you go to 2016, then candidate trump, this is what he said in a debate with hillary clinton. >> we have the worst revival of an economy since the great depression. believe me, we're in a b
janet yellen said nope. why should we be paying for millionaires and billionaires in silicon valley? no hadar how hard janet yellen sells it, it doesn't work. take a look. >> we worked with the federal reserve and fdic to protect all depositors of the two failed banks. on monday morning, customers were able to access all of the money in their deposit accounts so they could make payroll and pay the bills. shareholders and debt holders are not being protected by the government. importantly...
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meantime, the us treasury secretary, janet yellen has insisted the situation is under control. the situation is stabilizing, and the u. s. banking system remains sound. our financial system is also significantly stronger than it was 15 years ago. i believe the directions reduce the risk of further bank failures that would have imposed losses on the deposit insurance fund, which is paid for through fees on banks. why would i say this further now here went into national with arctic contributor chris ems joining us here if a good afternoon to you, chris are going to give you a broad question here. broader perspective, but you know your analysis because you're an insider, an expert and it's part of the world when it comes to what is potentially a very wiring economic downturn with certain western professional partners. what is the state chris of the us economy right now? i don't think it looks good. the tool, i mean we've got something which is now being down played right. the silicon valley bank crash has been labeled by many economists as the 2nd largest banking crush in history.
meantime, the us treasury secretary, janet yellen has insisted the situation is under control. the situation is stabilizing, and the u. s. banking system remains sound. our financial system is also significantly stronger than it was 15 years ago. i believe the directions reduce the risk of further bank failures that would have imposed losses on the deposit insurance fund, which is paid for through fees on banks. why would i say this further now here went into national with arctic contributor...
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Mar 16, 2023
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. >> earlier today, treasury secretary janet yellen reassured lawmakers that the u.s. banking system remains sound following the recent collapse of two banks. she made the comment while testifying before the senate finance committee about the u.s. economic outlook and president biden's 2020 for budget request. you can watch the entire hearing tonight at 8:00 eastern on c-span and also our free mobile video app, c-span now, or online at c-span.org. fridays at 8:00 p.m. etern, c-span brings you "after words," a program where authors are interviewed by journalts gislators, and more on fire latest books. this week, journalist kathleen mclachlan looks at how and w selling blood plasma has turned into a $20 million business in her book "blood money." watch every friday at 8:00 p.m. eastern on c-span. >> up next, pentagon press secretary patrick ryder takes reporters' questions on tuesday's russian jet collision with a u.s. drone over the bck sea. the briefing is about half an hour. >> goodfternoon, everybody. just a f things to pass along here, and then we will get right to
. >> earlier today, treasury secretary janet yellen reassured lawmakers that the u.s. banking system remains sound following the recent collapse of two banks. she made the comment while testifying before the senate finance committee about the u.s. economic outlook and president biden's 2020 for budget request. you can watch the entire hearing tonight at 8:00 eastern on c-span and also our free mobile video app, c-span now, or online at c-span.org. fridays at 8:00 p.m. etern, c-span brings...
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Mar 31, 2023
03/23
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yellen blaming trump for the recent bank collapses, janet yellen claiming the trump administration decimated financial oversight why biden is calling for reversal of the rollback of regulation over midsize bank, your on the house financial services committee. does this make sense to you because the flipside of the coin that they're not mentioning is the fact that they spent over $6 trillion in the course of two years that sent interest rates skyrocketing. >> first of all your lying again we had congressional testimony from vice chair at the federal reserve who is the head of a supervisory. even his own testimony said the bill under president trump did not take any authority away from the federal reserve and the san francisco federal reserve bank to oversee silicon valley bank or any other bank under their supervision so the white house and the treasury secretary are lying to the american people yet again, let's be very clear we have an issue with supervisory in my opinion over the banking system. at the end of the day the failure of silicon valley bank was on the banks management they did no
yellen blaming trump for the recent bank collapses, janet yellen claiming the trump administration decimated financial oversight why biden is calling for reversal of the rollback of regulation over midsize bank, your on the house financial services committee. does this make sense to you because the flipside of the coin that they're not mentioning is the fact that they spent over $6 trillion in the course of two years that sent interest rates skyrocketing. >> first of all your lying again...
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Mar 25, 2023
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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 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 17, 2023
03/23
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questions: so peter, what's prompted janet yellen to strike such a reassuring tone there? it has, for about a week now since the collapse of silicon valley bank due to liquidity issues last week following a few days later by the collapse of the new york bank signature. it's because a lot of people to worry about their deposits and medium—sized banks especially, first republic concluded. people really getting the jitters about the security of their investments in their ability to use that money to pay their bills and pay their workers and to meet the payroll here in the states every couple weeks and it prompted some to take the action of taking their money out of those banks and putting it into larger banks thatis putting it into larger banks that is exactly what those medium—sized banks in the banking industry generally does not want to see. that is why we are hearing the words of janet reassurance and confidence she was talking about and wanting to instill confidence in people that the us banking system is an unhealthy state and that is also why we see these major ii
questions: so peter, what's prompted janet yellen to strike such a reassuring tone there? it has, for about a week now since the collapse of silicon valley bank due to liquidity issues last week following a few days later by the collapse of the new york bank signature. it's because a lot of people to worry about their deposits and medium—sized banks especially, first republic concluded. people really getting the jitters about the security of their investments in their ability to use that...
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Mar 16, 2023
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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 16, 2023
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the goal of janet yellen is to assure the markets that the banking system is sound. she says that's why the fed offered a special program for other banks to meet liquidity needs. >> we wanted to make sure that the problems at silicon valley bank and signature bank didn't undermine confidence in the soundness of banks around the country. we wanted to make sure that there wasn't contagion that could affect other banks and their depositors. >> signature bank also collapsed. it was invested in crypto. executives at first republic bank sold millions in stock before its shares plum melted, this is one of the most significant appearances by a treasury official since the financial collapse of 2008. >> we're very focused on stabilizing the banking system and suring up confidence. i think there will be plenty of time it will be appropriate to look and consider whether or not regulatory or supervisory changes are necessary. >> some republicans insisted the taxpayer funds would bail out the collapsing banks. yellen and democrats say the taxpayers were not on the hook for rescuin
the goal of janet yellen is to assure the markets that the banking system is sound. she says that's why the fed offered a special program for other banks to meet liquidity needs. >> we wanted to make sure that the problems at silicon valley bank and signature bank didn't undermine confidence in the soundness of banks around the country. we wanted to make sure that there wasn't contagion that could affect other banks and their depositors. >> signature bank also collapsed. it was...
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Mar 28, 2023
03/23
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yellen doing it and also secretary -- treasury janet yellen doing it and also secretary blinken . we're doing catch up here. i was at a dinner table with six of the african presidents and the common theme they had, maria, is look at, china is into our countries in a very significant way. we really welcome the relationship with the united states. we would rather have the relationship with the united states. and what china is doing, you know, the international money entry fund was established to help developing countries and they also want those countries to have -- remove as much corruption as possible so they have goals and objectives they place on open them. -- place on them. china doles out more money, charges higher interest rates and there's debtor and creditor problems as a result of it and they wind up taking over the infrastructure themselves. the mercantileism is frustrating the africans of. we have an opportunity here, because the chinese are playing a heavy hand, maria. why is china so involved in africa? economic influence gains them geopolitical control and particularl
yellen doing it and also secretary -- treasury janet yellen doing it and also secretary blinken . we're doing catch up here. i was at a dinner table with six of the african presidents and the common theme they had, maria, is look at, china is into our countries in a very significant way. we really welcome the relationship with the united states. we would rather have the relationship with the united states. and what china is doing, you know, the international money entry fund was established to...
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Mar 16, 2023
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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...
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Mar 25, 2023
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we'll talk to our panel about mixed message that janet yellen is sending and the threat that poses to the financial system. s and sustain tissue health. ensure with twenty-five vitamins and minerals, and ensure complete with thirty grams of protein. weeds... they have you surrounded. take your lawn back with scotts turf builder triple action! gets three jobs done at once - kills weeds. prevents crabgrass. and keeps it growing strong. get a bag of scotts triple action today, it's guaranteed. feed your lawn. feed it. trelegy for copd. ♪ birds flyin' high, you know how i feel. ♪ ♪ breeze driftin' on... ♪ [coughing] ♪ ...by, you know how i feel. ♪ if you're tired of staring down your copd,... ♪ it's a new dawn, ♪ ♪ it's a new day... ♪ ...stop settling. ♪ ...and i'm feelin' good. ♪ start a new day with trelegy. no once-daily copd medicine has the power to treat copd in as many ways as trelegy. with three medicines in one inhaler, trelegy makes breathing easier for a full 24 hours, improves lung function, and helps prevent future flare-ups. trelegy won't replace a re
we'll talk to our panel about mixed message that janet yellen is sending and the threat that poses to the financial system. s and sustain tissue health. ensure with twenty-five vitamins and minerals, and ensure complete with thirty grams of protein. weeds... they have you surrounded. take your lawn back with scotts turf builder triple action! gets three jobs done at once - kills weeds. prevents crabgrass. and keeps it growing strong. get a bag of scotts triple action today, it's guaranteed....
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Mar 26, 2023
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what did you learn from janet yellen and how was that? you also spoke with mr. becerra about the home security situation. walk us through what you learned this past week. >> what i learned from janet yellen is she is dethe tavern thed from reality -- detached from reality as the president is. admiral mike mullen said the greatest threat to our national security is our department and deficit, that's when it was $14 trillion. now the treasury secretary was before the finance committee talking about president biden which will drive that debt up to $50 trillion, and she wouldn't even commitment the spending was a mayor -- admit the spending was a major contributor. of course, we had hhs secretary becerra rah in front of us. we've been trying to get the last 50 pages of the fauci e-mails. they've allowed us to look at 350 pages in 50-page tranches in reading rooms, can't make copies, but we can write down what we're finding. we've been i trying to get those the over a year. the has to do with the origin of covid. the secretary complained that he wasn't getting cooper
what did you learn from janet yellen and how was that? you also spoke with mr. becerra about the home security situation. walk us through what you learned this past week. >> what i learned from janet yellen is she is dethe tavern thed from reality -- detached from reality as the president is. admiral mike mullen said the greatest threat to our national security is our department and deficit, that's when it was $14 trillion. now the treasury secretary was before the finance committee...
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Mar 16, 2023
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if you are a member of congress and in front janet yellen, what would you be yelling at her question wise? >> i would be really adamant about the fact that we have got to make sure we on the one hand punish silicon valley bank for poor leadership for running a a bad business that's what happened here. shareholders need to be wind out and management needs to be dealt with a heavy hand, yet, on the other hand, we need to protect depositors to prevent other runs on the money. other runs on the bank and to really stop a chain reaction from hang, which is definitely something that we are at risk for happening over the weekend but i think they have done something here to stem that they need to stay on top of it. >> steve: you kind of sound like joe biden in saying we have got to punish the investors, essentially, because they made a bad bet because he said i'm not going to bail them out. but i will protect the depositor. however, some of the depositors, peter, had half a billion dollars in there like roku. should they be protected by the federal government back stopping the bank they put a
if you are a member of congress and in front janet yellen, what would you be yelling at her question wise? >> i would be really adamant about the fact that we have got to make sure we on the one hand punish silicon valley bank for poor leadership for running a a bad business that's what happened here. shareholders need to be wind out and management needs to be dealt with a heavy hand, yet, on the other hand, we need to protect depositors to prevent other runs on the money. other runs on...
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Mar 21, 2023
03/23
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second, of course, you've got the two most important people in finance, jamie dimon and janet yellen, they're both working their back sides off to solve this problem. don't bet against them. stuart: there is the an etf for regional bank, i think, iat? >> yes, absolutely. that way -- you know, i can't tell you whether first republic's going to make it, but as an asset class,es it will work, so you can do yourself a favor by getting a nice diversified bundle. stuart: the up 6% this morning. did you buy -- [laughter] quickly, the fed if tomorrow, prediction. do they raise a quarter point, 25 basis buoyants -- points, or do they pause in. >> it's difficult to know because you've got bank chaos versus inflation, i think the bank chaos is right in front of them. as i mentioned, you've got yellen and jamie dimon working on solving the problem, do they want to rain on parade? i think their best move is another the nothing, pause, assess situation, don't make that yield curve further inverted and put difficulty for all the banks in the world really. stuart: if they paused, no rat hike, very go
second, of course, you've got the two most important people in finance, jamie dimon and janet yellen, they're both working their back sides off to solve this problem. don't bet against them. stuart: there is the an etf for regional bank, i think, iat? >> yes, absolutely. that way -- you know, i can't tell you whether first republic's going to make it, but as an asset class,es it will work, so you can do yourself a favor by getting a nice diversified bundle. stuart: the up 6% this morning....
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Mar 12, 2023
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i know you saw this earlier today, catherine, chuck treasury secretary janet yellen set a ballot of the bank is not under consideration at this point. could you have something short of a bailout summit rescue package that no one was to call a bailout but is essential when going in there and assisting the investors, the consumers at that bank? >> so, everybody knows the word bailout is a toxic term. nobody wants to be accused of bailing out anyone let alone a bank, let alone a bank that serves the tech industry, which is a very polarizing industry. it does not really have a specific term. i think what they mean when they say were not going to have a bailout is we are not going to do something that necessarily makes the stockholders or the hole. but, they are interested in making sure the depositors are okay the customers of the bank are okay. those are customers that are often small businesses. they might be payroll companies that service small businesses who did not even know the service they were using was funneled through this now troubled bank. so i think what they are trying to set
i know you saw this earlier today, catherine, chuck treasury secretary janet yellen set a ballot of the bank is not under consideration at this point. could you have something short of a bailout summit rescue package that no one was to call a bailout but is essential when going in there and assisting the investors, the consumers at that bank? >> so, everybody knows the word bailout is a toxic term. nobody wants to be accused of bailing out anyone let alone a bank, let alone a bank that...
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Mar 17, 2023
03/23
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tom: do you think names diamond and janet yellen are having -- james diamond and janet yellen are having coffee this morning? lisa: saying what? what is the next step? i keep going back to a point that a number of people have raised. for a bank to raise capital right now is incredibly expensive based on the income they are earning from pre-existing loans. this mismatch in profitability is an existential challenge to banks that don't necessarily have that deposit base. tom: premarket first republic has broken down and a moments ago breaks down decisively between -- below 27 handle. i don't have the chart to see what the q level is. that we saw in crisis. i believe it was yesterday or the day before but certainly if you are just joining us on radio and tv, a real deterioration there. snp features, -28. 264 points of vix. in other proxy here broader sense as we heard from oecd's oil. oil was up, it's not anymore. 64.72 down a dollar. what do you see on the bond market? lisa: i was looking at some of the yield curves and re-inversions in a way across the board. i guess i'm struggling to know
tom: do you think names diamond and janet yellen are having -- james diamond and janet yellen are having coffee this morning? lisa: saying what? what is the next step? i keep going back to a point that a number of people have raised. for a bank to raise capital right now is incredibly expensive based on the income they are earning from pre-existing loans. this mismatch in profitability is an existential challenge to banks that don't necessarily have that deposit base. tom: premarket first...
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Mar 16, 2023
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. >>> coming up, did janet yellen assuage fears on the hill today about a banking collapse what markets are doing in response right now >>> first up, though, new reporting from politico. what a group tied to donald trump did to coach a group of house republican staffers on eithr investigations into president trump. [ phone vibrates ] introducing astepro allergy. steroid-free allergy relief that starts working in 30 minutes, while other allergy sprays take hours. now with astepro fast allergy relief, [ spray, spray ] you can astepro and go. we must finally hold social media companies accountable. it's time to pass bipartisan legislation to stop big tech from collecting personal data on our kids and teenagers online. ban targeted advertising to children. back when i had a working circulatory system, you had to give your right arm to find great talent. but with upwork, there's highly skilled talent from all over the globe right at your fingertips. it's where businesses meet great remote talent and remote talent meets great opportunity. ♪♪ ♪ this is how we work now ♪ ♪ ...i'm over
. >>> coming up, did janet yellen assuage fears on the hill today about a banking collapse what markets are doing in response right now >>> first up, though, new reporting from politico. what a group tied to donald trump did to coach a group of house republican staffers on eithr investigations into president trump. [ phone vibrates ] introducing astepro allergy. steroid-free allergy relief that starts working in 30 minutes, while other allergy sprays take hours. now with...
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Mar 16, 2023
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that's the message treasury secretary janet yellen is sending this hour. she testifies before the senate finance committee, and the turmoil surrounding the silicon valley bank failure. her apiernts was set to be focused on the president's budget but you can bet she will get questions on the bank collapse of ending the u.s. economy this week. and new concerns about two other banks rocking the market so joining me now is nbc news senior capitol hill correspondent garrett haake and nbc news business and data reporter brian chung first to you, garrett, what can we expect secretary yellen to say about the silicon valley bank failure, and do you expect senators to grill her on why warning signs weren't noticed or heeded >> at least one of them will, and good morning, i think you're right. this was a prescheduled hearing about the budget, but the budget will take a back seat. the secretary's prepared remarks just off embargo in the last few minutes include this line which she wants the american people to hear as well as the senators i can reassure the members of
that's the message treasury secretary janet yellen is sending this hour. she testifies before the senate finance committee, and the turmoil surrounding the silicon valley bank failure. her apiernts was set to be focused on the president's budget but you can bet she will get questions on the bank collapse of ending the u.s. economy this week. and new concerns about two other banks rocking the market so joining me now is nbc news senior capitol hill correspondent garrett haake and nbc news...
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Mar 16, 2023
03/23
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questions: so peter, what's prompted janet yellen to strike such a reassuring tone there?why are other lenders coming to strike such a reassuring tone there? she is being positive because she wants to shore up the banking system to bring confidence back to investors. we saw last week the collapse of silicon valley bankjust a few days later, we saw the collapse of new york signature and a think it's printing realfears collapse of new york signature and a think it's printing real fears about first republic and small regional bank and that is because ofjitters amongst investors and people taking their money out of small banks because of their concerns about the future of those banks and public in particular. they have real concerns about the businesses and real concerns about reaching and managing payroll and it happens every two weeks in the united states being able to pay their workers. a lot of people taking money out of small banks with a train to do in these 11 banks with a train to do in these 11 banks in particular, these big banks, j.p. morgan and citigroup are doing
questions: so peter, what's prompted janet yellen to strike such a reassuring tone there?why are other lenders coming to strike such a reassuring tone there? she is being positive because she wants to shore up the banking system to bring confidence back to investors. we saw last week the collapse of silicon valley bankjust a few days later, we saw the collapse of new york signature and a think it's printing realfears collapse of new york signature and a think it's printing real fears about...
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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 24, 2023
03/23
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last two days, janet yellen has spoken, each time she's spoken, the market has plunged. the people in charge of fixing the system or putting up the guard rails, there is no confidence in them. the number one risk right now, credit risk, systemic credit risk, number one above inflation, direct indictment of janet yellen, jerome powell, all the people who are supposed to help us put us in this predicament. biden with 2 trillion we did not need, i told everyone last year, i did 15 speeches, the theme of all speeches last year, the hangover, it is coming. it is fun when you get free money, it is not fun when inflation goes through the roof and you can't bring it down. we had president biden spark this and jerome powell's job is to bring it under control. his approach has created its own problems because banks now have to compete with money market funds who are paying 4%. most banks are paying 0.000 0. what are people doing? taking money out and putting in, ma mamoney markets. larger banks get some money, everyone assumes they will be bailed out no matter what. right now arou
last two days, janet yellen has spoken, each time she's spoken, the market has plunged. the people in charge of fixing the system or putting up the guard rails, there is no confidence in them. the number one risk right now, credit risk, systemic credit risk, number one above inflation, direct indictment of janet yellen, jerome powell, all the people who are supposed to help us put us in this predicament. biden with 2 trillion we did not need, i told everyone last year, i did 15 speeches, the...