Stay updated with breaking news from Confidence Game. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The Kentucky Derby prep schedule is starting to ramp up, which means it's time for detailed looks at the horses with Andrew Champagne.
So translate the mixed messages for everyday americans who are looking at this and wondering if they should be worrying. >> there was a good time to worry and that time was last thursday. last thursday we saw the run on the silicon valley bank and we saw that there were some banks where -- that were more exposed to financial distress than you might hope for. secretary yellen is correct, though, to say the government then moved forward with an absolutely forceful plan, effectively saying to all americans that if you've got money in the bank we're going to make sure that it's there no matter wha...
And that is very reminiscent of the kind of action that we saw in 2008, that you had to rescue banks over the weekend so that they were actually solvent, or in that case it was really around the broker dealers. now, the issue here, right? is that we've risen rates so aggressively, by 450 basis points in the course of the year. the ecb just raised rates by 50 basis points today. the reason we're in a conundrum and it's different this time is that inflation is still high. target inflation should be at about 2%. we're sitting at about 6%. so we still have a strong economy. the consumer has still ...
Makes here, right? first republic was under serious pressure and now it is leading the market rally. what is going on? the worst over? >> let's hope so. it does seem like cooler heads are prevailing. let's look at the bank stocks. regional banks got clobbered yesterday. first republic was down 62% yesterday alone. look at this. up 48%. we're seeing across the board gains, western alliance, all of them moving higher. this is encouraging. remember, banking and finance, this is really a confidence game. when people are not confident, they will take out their deposits. unfortunately that is what w...
Champion juvenile colt Forte secured his place atop Week Six of the NTRA's Top 3-Year-Old Poll with a dominant 4 1/2-length win in the Grade 2 Fountain of Youth Stakes