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Jessica, this industry is still not where it was before the pandemic. they re still down about 400,000 jobs. so in many ways they are still catching up. here is the caveat. the jobs report is considered more of a lagging indicator. this is not necessarily where you would see the first signs of trouble. i spoke a short time ago to julia pollock, the chief economist of zip recruiter. here is what she told me. she said, the issue, of course, is that this this being the jobs report is not necessarily where the risks show up first. things can turn on the dime in the financial sector very quickly. we ve seen with sbv how quickly things can deteriorate when people smell a rat. as i said, summer came early this year as things heat back up. no kidding. we saw, julia, there talking about svb, we did see that shares of regional banks rebounded a bit today after a big sell-off yesterday. is that turmoil contained? what is the outlook there? ....
Amidst the global uncertainties, the Central Bank has been buying back foreign currencies to ensure an adequate trade balance and economic stability. ....
Banks? absolutely. svb failed because of the fact that it had all these woke policies that look good on paper but don t pan out. harris: they spent money and energy on that and had a board with only one person with banking experience on it. worse than that, the supervisors, the people that we pay for to look over the banks every quarter because they are woke central bankers and the supervisors, guess how they are doing it? attacking now the regulations, not the regulators. the regulators dropped the ball. the ones supposed to be supervising the banks, the ones we pay for. they are now blaming the white house is saying we ll have all the new regulations for small banks. harris: that allows them to hit trump. they think that whatever he did with regulation is something that they can campaign on between now and 2024. don t miss it. it s the politics. can i say simply the ftx, bernie madoff and sbv had ....
The Singapore-based United Overseas Bank (UOB) anticipates the State Bank of Vietnam (SBV) will cut its refinance rate in the second quarter this year by 100 basis points to 5.00%. ....