fargo, bank of america, jm morgan, morgan stanley lost $50 billion in market value in one day. that s a hit. on the other hand, those banks still exist. you can t say that for silicon valley bank. svb has gone under completely. that makes the second biggest bank failure in the history of this country. and the significant svb financed nearly half of all venture-backed healthcare companies in the united states. it held significant cash reserves for some of the biggest crip toe currencies. it s gone. federal regulators have rename it and taken it over. that means a lot of people lost a lotf of money. most of that money was not insured, no matter what they tell you. the fdic only guarantees bank deposits up to $250,000. nearly 90% of all deposits at svb exceeded that. and it s unclear if those people see their money again. in fact, when customers show up in svb s branch in manhattan to get the deposits back, managers called the police. so, what we have there is the 1929-style b
welcome to our viewers on pbs in america and around the globe. a potential visit to taiwan by the us house speaker, nancy pelosi, is stirring alarm in presidentjoe biden s administration. officials are concerned the trip may cross red lines for china and fears there s no potential exit path. beijing, which claims sovereignty over the island, has already issued harsh warnings, even suggesting a possible military response. against this backdrop, president biden is expected to call president xi on thursday, for the first time in months. gareth barlow reports. this is taiwan. to beijing it is the breakaway province that must become part of the country, if need be by force. to washington it is of the territory of the us has pledged to defend, if it ever comes under attack. an island nation of 23 million, at the centre of a struggle between two global superpowers and it is a potential visit to taiwan by nancy pelosi, second in light of the us presidency, we will be the host ranking
welcome to bbc news. a potential visit to taiwan by the us house speaker nancy pelosi is stirring alarm in presidentjoe biden s administration. officials fear the trip may cross red lines for china, and that there s no exit path. beijing, which claims sovereignty over the island, has already issued harsh warnings even suggesting a possible military response. against this backdrop, president biden is expected to call president xi on thursday for the first time in months. well earlier i spoke to oriana skylar mastro who s a center fellow at stanford university s freeman spogli institute for international studies. i began by asking whether she thought us house speaker nancy pelosi was right to plan a visit to taiwan. my my personal view is these types of political manoeuvring is whether it is nancy pelosi going to taiwan or president biden saying that the united states is definitely going to defend taiwan only exacerbates tensions and doesn t help the united states with the fu
hello and welcome. a potential visit to taiwan by the us house speaker nancy pelosi is stirring alarm in presidentjoe biden s administration. officials are concerned the trip may cross red lines for china, and fears there s no potential exit path . beijing, which claims sovereignty over the island, has already issued harsh warnings even suggesting a possible military response. against this backdrop, president biden is expected to call president shee on thursday for the first time in months. gareth barlow reports. this is taiwan. to beijing it is the breakaway province that must become part of the country, if need be by force. to washington, it s the territory of the us has pledged to help defend, if it ever comes under attack. an island nation of 23 million, at the centre of a struggle between two global superpowers, and it s the potential visit to taiwan by nancy pelosi, second in line to the us presidency, who, if the trip goes ahead, will be the highest ranking american