pick up more of the work with patients so they don t have to go to gps all the time. does that make sense to you on the front line of pharmacy? lt sense to you on the front line of pharmacy? sense to you on the front line of harma ? , ., , ., ., pharmacy? it absolutely does. for a lona time pharmacy? it absolutely does. for a long time we pharmacy? it absolutely does. for a long time we actually pharmacy? it absolutely does. for a long time we actually have - pharmacy? it absolutely does. for a long time we actually have been - long time we actually have been doing long time we actually have been doing it. long time we actually have been doing it, albeit underfunded and unpaid doing it, albeit underfunded and unpaid in doing it, albeit underfunded and unpaid in the process. our pharmacies are fantastic with regards pharmacies are fantastic with regards to access. and we do have a highly regards to access. and we do have a highly skilled workforce. so again, not taking
chinese spy balloon incident earlier this year. the biden administration faced criticism for allowing that balloon to fly across the u.s. before shooting it down. u.s. officials told nbc news the balloon gathered intelligence over sensitive military sites, but we re told this new object is not communicating any signals and did not cross over sensitive sites in hawaii. the pentagon, at least for now tonight, says no longer action is needed. courtney kube, with an update, thank you. another economic headline today. the latest bank failure first republic, now the third bank to fail in just two months. seized by federal regulators earlier today and sold to j.p. morgan chase. cnbc s andrew ross sorkin joining me. andrew, help us understand what happened here. reporter: this is the second largest bank failure since 2008. $100 billion of deposits left this bank over the last two months. it was a classic run on the bank. the government stepped in, saved that bank, and effectively sold it
the bank went into failure. as soon as there was with the bank might have a problem, people pulled their money out. you had that happen. the other problem is there was poorly run. silicon valley bank was buying along the data treasuries, long dated mortgage backed securities that are aaa rated but you can still lose money on them and they did because they were buying longer dated bonds when interest rates were 1.5% and no interest rate on the short and 5%. so they were lost over 20% in value of those securities and that was very large losses. silicon valley bank at about $200 billion of loans, credit suisse is about three times that size in lending. about 580 billion in assets, what they call assets which are loans. it assets, what they call assets which are loans. which are loans. it is a big problem- hal lambert, founder and ceo of point bridge capital and a former director at credit suisse. thank you for your time. thank ou. in indonesia verdicts will be handed down on thursday f
silicon valley banking california has sent shockwaves across the tech industry and t the country. trouble started brewing on wednesday, when executives revealed the bank had lost ove two billion dollars in capital and plan to sell off half it assets that set off a panic wit businesses scrambling to pul out their money. by friday, the fdic announce it had taken over the bank silicon valley is now th second largest bank failure in u.s. history nbc s scott cohen is i california with the latest federal regulators ar inside the headquarters of america s 16th largest bank, working through the weekend in hopes of getting the ban reopened on monday but even if they do, that will not go very far in terms o containing the damage. that s because the fdic, which now controls the bank, onl ensures up to $250,000 for eac
wrong. the ruling marks the first cola. joe biden s stance echoes that punitive action against of hillary clinton in 2016. pantaleo. in a news conference, de blasio this occurs as miners in kentucky continued to express said the gardner family finally their frustration and is the injustice, but separation. correspondent doug mckelway takes a look tonight. what i m i can survive. talking about today is a fair as but when it comes to my little boy, he needs more than what i has occurred. do. chris rowe is one of many that s all i have to say. harlan kentucky miners blocking following today s ruling, and culturing for five days now. they ve been laid off and pantaleo was suspended for 30 days without pair tell pain demanding pack back pay after the his attorney said pantaleo was call can be declared in group c and put it assets up for auctio disappointed in the decision and auction. would there be any place for other officers face similar danger for doing their job. fossil fue