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when you had to catch them in, you were technically under water. if you were free to hold them, you would be fine. what do you make of this? >> so it's all a matter of risk. it's kinds of a story worth a bit of a smirk. the fact is that one of the risk managers back in lehman is the one doing risk at svb. at the end of the dare, banks are there to make money. whatever they invest in should have a high level of risk around them. yes, they did invest in things that were definitely had exposure to a raising interest rate environment. i would have thought this is not brand new on the menu here. we have known this story is unfolding of aggressive raising of interest rates for a while. any economist -- i'm not that smoke oh he should have known in this environment those investments were not going to be performing at their best. so suddenly to be caught completely off guard like this, the fact that we weren't in enough trouble that people pulled money out, i don't know.
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not duchoften do you see a majo city bringing da nang wind gusts upwards of 166 kilometers per hour, that's incredible storm for an area that has 1 million people living in it. certainly a story worth following as well. >> yeah, really quite frightening. so hutch hurricane activity. appreciate it. thank you. to the u.s. economy now with a full slate of reports set to be released this week. new numbers on the building and sale of new homes come out on tuesday. on thursday a look at how the u.s. economy performed in the second quarter of the year and friday possible changes in consumer spending trends will be released. finances are very much at the forefront of everyone's mind right now. new cbs ugov poll shows 57% of likely u.s. voters feel their financial well being is at stake with the upcoming midterm elections. and we're also waiting to see how the dow comes in the coming
Tropical-stormPeopleWindAreaMajo-cityDa-nangStory-worth1-million166EconomyUnited-statesReportsprogram that this administration has presided over, you know, it is sort of joyful in there almost, people not wearing masks, people not having to be six feet apart. we're seeing, today, first -- only the second foreign leader visit in the biden term and the first one that can be sort of a full visit with all the pomp and circumstance and certainly one befitting of a traditional ally like south korea. and of course we are seeing this ongoing push with the infrastructure plan, you know, the white house making a counteroffer to republicans today. it's not quite clear whether that will get a deal done, but they see the -- feel like the wind is at their back. public polling supports not just the infrastructure plan but biden himself. he remains very popular now four months into his administration, and they feel like they capitalized on the momentum, including with what was his first, perhaps, diplomatic triumph this week, quietly pushing israel behind the scenes to get to that ceasefire with the palestinians and hamas. >> rick stengel, how they did it, i think, is a story worth
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