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Not any big banks have bid enough to satisfy regulators. but we should find out pretty soon. in the past weve seen that u.s. officials have tried to come up with solutions during the middle of a bank crisis before global markets open. the clock is ticking. markets open in tokyo in less than two hours. now, first republic has been teetering really for weeks. this banks stock price is down by 97% since the bank crisis began in march. march 1, it was trading at $122. look at that. its now below $4....

Broader banking crisis that is really casting a shadow over the american economy. the fdic is running an auction as we speak trying to find a bidder for first republic. thats according to a source familiar with the matter. final bids are expected -- are due at 4 p.m. eastern time. thats just 40 minutes away. it does seem likely that u.s. officials would want to announce something here this evening. i mean, in past crises, weve seen that u.s. officials have tried to announce a solution, certainly...

Weeks. the stock price is down by 97% since early march. on march 1, it was trading at $122 a piece. now its below $4. its really a breathtaking drop. now, in case youre not familiar with first republic, this bank is sitting on $233 billion in assets. that means if it were seized by the fdic, it would be the second biggest bank failure in american history. now, its based in san francisco, has 82 branches across eight states and for the longest time, it was the envy of the banking industry becaus...

Nurses will walk out again here next tuesday. zoe conway, bbc news. there have been lots of figures talked about by the government in the various pay disputes its facing, so weve taken a closer look at the calculations to try to get an accurate picture. earlier this week, the health secretary steve barclay told us that giving everyone in the public sector a pay rise in line with inflation would cost £28 billion. if everyone in the public sector were to receive a pay rise in line with inflation,...

Theres another america that has a lot of poor people and hungry children in it. according to the center for american progress between 7 and 11 million children live in households in which they are unable to eat enough food because their families are short of money. also in america. in 2017 as that republican tax bill was being passed talk poverty.org estimated it would have cost $69.4 billion a year to lift low-income families above the federal poverty line. that republican tax bill gifted the w...

Governor, it was squeezy that python. why is that the feds responsibility to bail people out of their own bad decision-making? >> it might be good politics to do that, president obama porting the people who supported him, but it very bad economics. in illinois, you ran the tape of the pension python. that python is $233 billion in the state of illinois. those that dont have the money. what they should be doing is addressing the pension problem. they are not doing so. beneath the surface, the des...

Pension liabilities, they simply cant pay. so baldwin says there is a fix. its dramatic and extreme. you got to fix the pensions. look at illinois. they have an unfunded liability of $233 billion for that one state! just in pensions. they got to fix that and they fix the state. >> gretchen: the problem is, a lot of those pensions are written into the constitutions of those states. >> yes. >> gretchen: so its very difficult to change that. >> thats true. >> gretchen: california, i know that. >> t...

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