Supply constraints force mortgage rates up as potential home sellers remain hesitant to give up their low mortgage rates. Real estate market remains frozen.
Is the Fed's next rate hike decision going to be "poorly perceived" by the markets and bring the U.S. economy closer to recession? Experts Mike Lee and Kathryn Rooney Vera weigh in.
The Federal Reserve reportedly issued multiple warning about Silicon Valley Bank's risk management starting at least four years before the bank's implosion.
Amid inflationary pressures and a weakened U.S. dollar, experts predict Wall Street will gravitate towards material wealth in precious metals like gold and silver, sending both to record highs in 2023.
Elon Musk on late Monday offered his opinion on what the Federal Reserve should do with its benchmark interest rate. The Fed's FOMC is meeting for two days this week.
down, the interest we pay on car loans goes up. we may not see we're paying for us but you and i and everyone watching will pay for it. >> j.p. morgan warned about svp in november. moody's was concerned about this bank. where were the regulators in san francisco. this is the definition of their jobs. they're supposed to keep an eye on these institutions to make sure that the little guy doesn't get banged up. >> svb senior management has been lobbying to increase -- there's a $250 billion limit where regulation goes up a notch. they've stayed under that radar and their senior management has been lobbying to boost that number up. >> martha: unreal. okay. no consequences that we can see so far. mark tepper, thanks very much. thanks to dave mccormack for joining us today as well. students at an all-girls college sending a message that trans men should be accepted on campus in
and unwind some of these mistakes and get us back on track. hope to see you soon. congratulations on the book. >> thanks for having me. >> martha: joining me now, mark tepper, president and ceo. i guess we're supposed to feel good is the market off of its lows, starting to dip again, down about 400 and change. how much should people be worried about this situation? >> i think the fear is with regard to larger banks. they're overblown. you look at the j.p. morgans, bank of america, they are well-capitalized and are prudent unlike silicon valley bank. where the issue lies is with the smaller regional banks. the next shoe to drop will be commercial real estate loans. when we look at commercial real estate, a lot of them are variable. i that have to be refinanced at higher rates, on office space,
if they want to eliminate it, they would have shot it down immediately. when you put this together, i think the right answer was to show some strength by flying it with fighter cap and make other points privately. i'm hopeful the secretary of defense did that. >> hopeful. >> martha: hopeful. that says a lot. thanks. good to see you, general keane. >> good talking to you, martha. >> martha: also breaking right now, we're keeping an eye on the markets in the final hour of trading here as bank contagion fears trigger a dive is off of its lows of the session. still down 330 points here. better than 1%. david mccormack served in the treasury department under president bush and ceo of one of the largest hedge funds. he's standing by with mark
SiriusXM revealed Monday that it is slashing its workforce by several hundred. In the headcount reduction, 475 people will lose their jobs, according to the company.