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wets in movies. as of last year movie production added $95 billion to the u.s. economy employing more than 2 million people in the u.s. and when you add in all the other money spent around movie sets, it's a $64 billion business just in new york state. in the face of serious challenges, hollywood is betting big on two movies from two of the most successful franchises in movie history, that they'll bring customers back into darkened theaters. tom cruise with the latest installment of "mission impossible" and an 80-year-old harrison ford as indiana jones. joining me now, matt bellamy of puck news. the potential economic industry enormous. how much is hollywood banking on this summer. what are the stakes in the comeback of this very important industry? >> executives in hollywood see this summer as crucial for
we heard that from jerome powell just jyesterday. it's important to emphasize there's a difference between what's happening with bank stocks and deposits. deposits, according to officials, have stabilized. stocks not so much. >> well, the concern is these become self-fulfilling prophecies, right, because one thing can spark another thing. that is the concern. i do want to show you something and get your thoughts. in 2008 the banking crisis, 25 banks failed. the total value of those banks, $364 billion. in 2023 the three bank failures so far exceeds that, almost by, well, almost by -- almost double, $552 billion. different causes to these crises, of course, 2008 was a failure of mortgage-backed securities. this one a -- really a combination of not predicting or adjusting to higher interest rates. how do -- when i look at that i think goodness, we're in a similar danger zone.
own medical decisions. and medication abortion is an option that people should have and it should be their decision, not the court, nor politicians. >> before we go, i want to ask you about a bill you proposed this week. i would argue a pretty bold bill. it is the people over pentagon act, which would cut the pentagon's budget by 100 billion dollars per year. you have suggested refocusing that money on other priorities like infrastructure, health care, and education. what is your message to those who think a cutting budget, or cutting the budget of defense spending makes us less safe, especially as the world becomes more dangerous with russia and china on the rise? >> you know what it does, cutting 100 billion, when you look at the defense budget over 850 billion compared to the budget which i shared on the committee on appropriations for the last 64 billion for development and diplomacy, come on. we've got to have a balance
national security strategy. 100 billion, when you look at the waste, fraud, and abuse inherent in the pentagon budget that has not even passed an audit yet, when you look at the defense contractors misuse in tax dollars, scamming the system, you cannot tell me that 100 billion will pamper. we had military experts show us and make sure that we understood that that is not going to touch any effort that would harm our troops, it is not going to make a dent in our ability to share national security. but what it will do is begin to address the abuse of taxpayer dollars so that we can have the resources here in our own country for education, and housing, and health care, for the climate, for all of the issues that the american people so deserve. 100 billion out of 858 billion versus 64 billion for diplomacy, for preventing wars, come on. this is a modest measure.
health care, and education. what is your message to those who think a cutting budget, or cutting the budget of defense spending makes us less safe, especially as the world becomes more dangerous with russia and china on the rise? >> you know what it does, cutting 100 billion, when you look at the defense budget over 850 billion compared to the budget which i shared on the committee on appropriations for the last 64 billion for development and diplomacy, come on. we've got to have a balance national security strategy. 100 billion, when you look at the waste, fraud, and abuse inherent in the pentagon budget that has not even passed an audit yet, when you look at the defense contractors misuse in tax dollars, scamming the system, you cannot tell me that 100 billion will pamper. we had military experts show us and make sure that we understood that that is not going to touch any effort that would harm our troops, it is not going to make a dent in our ability to share
national security. but what it will do is begin to address the abuse of taxpayer dollars so that we can have the resources here in our own country for education, and housing, and health care, for the climate, for all of the issues that the american people so deserve. 100 billion out of 858 billion versus 64 billion for diplomacy, for preventing wars, come on. this is a modest measure. and i have been working on this not recently this has been for 25 years. and we are building support around the country for this, but it is not an issue around national security. it is an issue about misuse of taxpayer dollars. >> democratic congresswoman barbara lee of california, congresswoman thank you so much for your time, i always appreciate talking to you, thank you for coming back on the show. >> nice being with you. >> ahead, colorado secretary of state, janet griswold joins me to discuss the growing number
♪ ♪ they refused to leave the chapel, but school officials moving to end the around-the-clock service due to overcrowding. public afternoon services will continue through tomorrow. starting on friday evening, services will be held off campus. walmart easily beating expectations for their fourth quarter sales and earnings. the retail giant reporting $164 billion in revenue. the company says it expects sales to rise by at least 2% this fiscal year. experts say walmart's grocery department played a key role in its solid showing. and take a look at this, police in alaska being praised for bringing home the bacon after this little pig escaped his owner's home. the swine who goes by the name elvis pigsley was founded in freezing temperatures before being taken in by officers.
else. and then this morning we hear the regulator in new york has basically shut down the minting of binance tokens. there are $64 billion of binance tokens held in two wallets. well, i wonder who owns those? if one of those people wants to sell, that's binance down the drain. it's going to get very interesting. >> real quick, you said that you would do everything -- because you are a spokesman for the sam bankman-fried, ftx, do everything to track down the money. have you made any progress? >> it's the narrative on the situation for everybody is around recovery. we heard about 4.2 billion, another 400 million of cash. where is it? we need the regulatetory give us the data. >> you said you would work with him again? >> no, no. that was long before -- i have been known on "shark tank" for a decade i will give money to catastrophic money to experience for failure, not when you are involved in an alleged fraud. >> i want to talk about this tweet on saturday. you said you may lose your wife, lose your dog, your mother may
>> brian: got $64 billion. they should be able to do -- work on their computers. thanks so much. and the other question is what's going on with canada? didn't canada have the same thing? >> steve: you know, and i was going to point that out. grady pointed out that the administration says it was not cyber. but, the canadian system, much like ours, according to the "wall street journal" and exclusive this morning. their system went down two hours later and then came back three hours later. so, whatever happened to us, they say corrupted file with software happened in canada, too. they are not connected, except they both happened. >> brian: no hack. >> ainsley: we haven't had an faa leader since last march. >> brian: the guy they nominated problem in background not even address it. got to do something about nomination processes. >> steve: harry truman had a black card on his desk the buck stops there. let's hope they fix it. coming up 7:15 in the east and
one thing taxpayers are curious about, what happened to that $64 billion that went to airlines for covid relief, particularly the $7.2 billion that went to southwest? >> and there you go. there's the issue. and i'm so tired of it, and taxpayers are so tired of it. we want our money spent wisely, so just how think how cruel this is. taxpayers working their back off to pay their taxes, the money goes to bail out these airlines including southwest. instead of keeping hiring and keeping the people they are employing, they fire them, use the money for their own profits and don't even make sure that we have a good level of service. let me say something, it is time in america when we give money away concern. >> we shouldn't, god-help us -- all over the world, all over the country to all kinds of businesses, that we know where the money's going, how it's being spent and we insure that