Hit lists. Among the Two Hundred Billion dollars worth of chinese goods the u. S. Is planning to tax next are babies car seats and bicycles. As a Hearing Taking place inside this building in washington american businesses had a chance to express their opinion of their governments trade spat with china. Weve encouraged them strongly encourage them to negotiate with china not to just you know throw a tariff walls going to for tat. Some american businesses even fear theyll be affected by both chinese and u. S. Tariffs. We have some members that are finding out that the yarns in fabrics that shipped to china are going to be subject to a twenty five percent tariff and then the finished products they shipped from china back United States are going to be subject to twenty five percent or so theyre
getting taxed twice and thats not good not good also describes the chances of a breakthrough a trade talks set to take place between china and the us from thursday u. S. President donald trump says
Legacy Health has sold a medical office building on its Legacy Emanuel Medical Center campus for $60.5 million, in an effort to fix its "significant" liquidity
earlier, i spoke to betsey stevenson, the former chief economist of the us department of labor under the 0bama administration. let s get more on this now, betsey stevenson was the department of labour s chief economist underformer president 0bama. thank you for joining us. why is it so important that financial regulators find a buyer for this bank? regulators find a buyer for this bank? ~ .,, ., , , this bank? well, obviously, we want to make this bank? well, obviously, we want to make sure this bank? well, obviously, we want to make sure that - this bank? well, obviously, we want to make sure that we - this bank? well, obviously, we want to make sure that we are| want to make sure that we are able to keep the banks from collapsing. this is not a bank that has systemic problems. it actually was still profitable in the first quarter. the challenge this bank has is so many of its deposits are uninsured, nearly half of them. and people are just getting nervous. so the problem here is
it actually was still profitable in the first quarter. the challenge this bank has is so many of its deposits are uninsured, nearly half of them. and people are just getting nervous. so the problem here is not what we might think of as a solvency problem, it s really a liquidity problem. can they provide money when people come asking to get their money out of the bank, do they have it? that means unwinding all the things they ve done with that money, all the loans they have given out. so we don t want a fire sale of all of their assets. what we want is somebody else to take them over, reassure depositors that they are going to get their money back. and what does it say about the state of the bank or the banking industry overall that there are some willing buyers waiting in the wings? i think this points out that the problem is really one of liquidity. they need to be able to show depositors,
hand, i hear senator warren talking about recklessness but i think about policies of this administration that basically waged rare on domestic oil and gas industry from the beginning that s inflationary and if you think about this stemless spending that s been pushed without a single republican vote jammed through trillions of surplus spending and again have made the fed chairs job very, very difficult. i saw hill dial back to 25 basis points 25 is still a signal that he recognizes that we re going to tougher territory ahead. paul: a decent balance you think he s set and done. let s talk about you re on banking committee let s talk about the financial turmoil. the treasury secretary and chairman powell in the week saying that banking system is sound. do you agree with them? i do agree. whaing we saw silicon valley bank was definitely a liquidity problem but not a solvency problem again i look at the banking system broadly and in my home state of tennessee, and we re in goods shape ca