Stay updated with breaking news from It tanking. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Last panelist said biden is better for democracy. better for democracy is a democracy negotiating with divided power. david: that s a whole another kettle of fish. you mentioned the banks and first republic is essentially done that is going under receivership and fdic s going to be paying for. why is it tanking? and is it going to spread? the reason some of these banks like first republic and silicon valley bank have failed or are failing because of the spike in interest rates. they are holding onto bonds that had to retreat% interest rates but now the interest rate is 5%. the value of the bond holdings, the assets that the banks are holding and by the way i m not to sound like i m panicking but i do think you will see other banks in similar trouble if the fed has to continue to raise rates to bring inflation down. david: the mistake that they made bedding despite all the spending that we were talking about from biden that we could continue to spend and. ....
Witness to history throughout the world? the rest of the world has started to wonder if this is business as usual or the normal for the united states. the number of officials who i talked to, whether they are foreign world leaders or american ambassadors abroad. they are very concerned about the perception of america abroad. in other words, a government that can come to a shutdown. people were stunned by it. on the other hand, you didn t see it tanking in the market because people are used to it and thinking by the very end andless minute, something will happen to right the ship. is this as bad as it seems from the inside or is this loud political sharp elbows? i think there are sharper elbows than there used to be. the political debate has always been us. i think one of the problems here has been that with the rise of the tea party, and let s remember, it used to be ....
coming up, it was one of the deadliest days in the war in afghanistan. command are ty carter risked his own life time and again to save his fellow soldiers. tonight watch an unlikely hero tomorrow night, 10:00 eastern only on cnn. coming up, the economy has come a long way since 2008. so why is president obama still worried about it tanking again? plus, the 1972 dolphins wanted to take a victory lap in washington, too, except president nixon was not so accommodating. ....
the agony of everybody in america. facebook, why is it tanking? the underwriters made a mistake and priced it too high. this was one of the largest in history. very complicated. nobody knew what the demand was. retail investors want a piece of it. at the end of the day, i think it s clear they pushed too hard for too high of a price. 38 bucks. yeah. or something like that. maybe lower. what you want is, since they weren t selling that much stock, price it low. trade up. make money and trade like google in 2004. instead, they push for the last dollar. the way it works, they try to support the stock. last week, it did trade at the offering price. the underwriters were buying the stock. then, over the weekend, they say we can t hold back the sea so let s let it find its own level. that s where the level is. ....
The top of the show. do not call the yankees boobs. i got, one, two, three, four oh. the little engine that could. those red sox. check the outfield last night. we got shut out by the mighty royals at home last night. in the bottom. yet we will continue to objections about them still in the east coast. the agony of everybody else in america. so facebook. why is it tanking? the underwriters obviously made a mistake and priced it too high. only until their defense, one of the largest deals in history, very complicated. nobody really knew the demand. people throwing in orders. retail investors want add piece of it. the end of the day, it s clear the company pushed too hard for too high a price. or something like that. maybe a little lower. what you really want they weren t selling that much stock. price it low. let it trade up. everybody make money and feel good about it, the way it ....