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FOXNEWS Your World With Neil Cavuto June 4, 2024 20:16:00

Double what they had paid before in some cases. so any time that they can get a fixed rate on a mortgage and know that that is the cost of living, of housing for a sen number of years or 30 years, that s a huge win. everything else is so unknown. neil: tom, we re told the wind is of the economy is back a rather than the head winds of the job situation. yes, even with the lay-offs we ve seen, we ve seen steady job growth over the duration of all of this. is that your industry s saving grace or a lot of your sales guys hope that that will be a backstop to this other problem? you know, that s definitely a saving grace. the white house has to step in and get production going. we re in this economy. it bakesy simply and demand and they re trying to bring the demand down to the supply. there s no supply. they have to get the supply going. that will bring prices down and allow the consumers to get back to the vehicles at a normal ....

Sen Number , Cost Of Living , Neil Cavuto , Job Growth , Lay Offs , Saving Grace , White House ,

CNN CNN This Morning June 4, 2024 11:10:00

All the leaders of the bank are out of a job. the stockholders were wiped out. the bond holders were wiped out. the people that we back stopped were the depositors. the only reason we backstopped the depositors is if we didn t it was looking like there was going to be a run on several other regional banks. and we back stopped the depositors with a fund that is funded by the banks. basically an insurance pool of funds. it has $100 billion in it. what we said is as long as this panic stops here, that fund will be more than enough to cover the backstop for the departmentors at these two banks. it is not at all a nationalization or a bailout of the banks. it s completely different from 2008. congressman, it s not just kevin o leary. roger altman said this to kaitlan on the program yesterday. this is a breath taking step which effectively nationalizes or federalizes the deposit base ....

Bond Holders , 100 Billion , 00 Billion , Breath Taking Step , Deposit Base , Kevin O Leary , Roger Altman ,

MSNBC Andrea Mitchell Reports June 4, 2024 16:36:00

Shutdown, but what they had to do on sunday more robustly yeah. we have been through this before nobody wants to have to intervene to save the banks. it s one of the great ironies of history. it was the obama administration that had to step in and create a big backstop if you can think of one president who would be the least likely to be a savior to the banking system, president obama would be it. maybe president biden is in the second case right there. it s one of those things where you regulate the financial system when there s instability in the system, it s important for every average american that the system ends up working, that you are able to go to the atm and get your olympmoney out. i don t suspect we were at that level. what we found is the demise of the 16th largest bank, second largest bank failure in history, had a tumultuous affect on the financial system that required the government to step in and create a backstop ....

Banking System , Olympmoney Out , Bank Failure ,

MSNBC Andrea Mitchell Reports June 4, 2024 16:37:00

There. there s a lot of thinking to do at this point about how much of a backstop the banking system is going to get on one hand and what their horizon is, their ability is to do lending that gets them profits on the other hand what we are thinking about is, should the banking system be just like a water or electricity utility? steve, your experience on this is so invaluable. thank you so much for helping us out. pleasure. the faa holding an emergency safety summit today following a rash of dangerous close calls, including midair incidents, system meltdowns and runway near misses that have unnerved the flying public. the heads of the faa, transportation department and the ntsb are in a meeting outside washington deciding if new regulations are needed to keep flyers safe and what those changes should be. these recent incidents must ....

Banking System , U S , Steve Leaseman , System Meltdowns , Emergency Safety Summit , Meeting Outside Washington , Transportation Department ,

BBCNEWS Outside Source June 4, 2024 20:06:00

Scenario does emerge, a kind of orderly exit that was set up after the financial crisis. but we haven t had really a need to see this. and certainly what i would expect before we get to that point is that perhaps some kind of backstop being offered to a credit suisse in terms of stopping further deposits, leaving the bank. and when we talk about material weaknesses that were described in the report, just help us to understand what that means in layman s terms. well, certainly what s happened is that the bank has said we ve gone back. we ve looked at the way that we ve analysed our accounts, and perhaps we haven t spotted where more risky bits of the business have been. now, it s unclear exactly the full detail of what they re referring to there, but certainly some of their risk management left something to be desired, and that has certainly sparked fresh concerns about just what s ....

We Haven T , Credit Suisse , Risk Management , The Business ,