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CNN Anderson Cooper 360 July 6, 2024

deeper trouble, and two credit firms downgraded first republic bank to jump status. though they gave back some ground by the close the dow industrials and s&p 500 still ended the day down significantly. shares of regional banks including first republic were down sharply, in first republic s case by more than 21%. big banks which are more tightly regulated also took a hit with citi group shares down 5%. we ll have more in a moment on what this means to markets and the economy. chris tone romans and phil mattingly with me for that. first we re joined by senator bernie sanders. senator sanders, how much confidence do you have in the banking system right now? and should people watching be worried about their bank and their savings? well, i think we re all concerned about what happened at silicon valley and we re looking at other banks around the country. and i think our hope and our prayer is that there s not going to be contagion. and i think it s imperative that the con ....

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CNN CNN Newsroom July 6, 2024

unfolding in the banking sector has boosted the odds of a recession in the u.s. within the next year. but treasury secretary janet yellen is about to wrap up her senate testimony and she argued the fallout has been contained. i can reassure the members of the committee that our banking system is sound and that americans can feel confident that their deposits will be there when they need them. this week s actions demonstrate our resolute commitment to ensure that our financial system remains strong and that depositors savings remain safe. now, the market seemed skeptical until they got word that chase and morgan stanley are considering rescuing the struggling first republic bank. regional bank stocks are mixed, which is actually a major improvement from earlier today. elsewhere in the economy some promising new data on jobs and mortgage rates. we have cnn s matt egan, who s here once again to help make heads or tails of all of this for us. okay, matt, let s start he ....

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FOXNEWS Jesse Watters Primetime July 6, 2024

joe biden will be there just to watch him dance. jesse: if you are biden, you will walk through a little sun just to get a campaign photo . the grammars are like crack to these people appeared once the cameras are off, it doesn t matter if your town gods toxic train wreck like it did and eas palestine ohio. those same people that act like you don t exist, like nothing ever happened it s like everybody who is supposed to care is as far away from this town as they can be. they re not even going in for a photocopied not bother botherin to hand out bottled water or ac like they care brick it s like joe and jill are competing to see hugh can be further away from this toxic train wreck. pete is only getting around now to talking about a. would you say to people who see the president s visit to ukraine, but don t seat you or the president president in east palestine. the biggest thing i want to let these residents know is the are not alone. to get these people have fel ....

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CNN Early Start With Christine Romans July 6, 2024

message from democratic leaders to allies, stop piling on the vice president if they want the party to win next year. plus thank you to the academy. this is history in the making. actress michelle yeoh capping a night of triumph for everything everywhere all at once. big win there. see who else won the biggest awards of the night, ahead. all right, welcome to our viewers in the united states and around the world. i m rowchristine romans. just hours from now, president bide will be speak to the nation about his administration s plan to cool with the failure of two, two banking, silicon valley bank and signature bank, two commercial banks with more than $200 billion in total deposits. tvb a major startup of tech startups. federal officials are desperate to prevent contagion leading to runs on other banks. so far, they ve promised everyone with deposits in those two banks ininsured and uninsured will be able to get the money out and now with the bailout in ....

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CNN CNN Newsroom July 6, 2024

hello, i m briana keilar in washington. right now wall street and main street are wondering if more dominoes will fall or if the biden administration s drastic action following the second largest bank failure in u.s. history will stave off a broader financial crisis. this morning president biden assured americans that their money is safe after the federal government takeover of silicon valley bank and the smaller signature bank. svb may be a new name for many people, but it was a go-to bang for the tech sector. high-pro-final companies like roku, etsy, and fitbit were clients. some had hundreds of millions of dollars tied up with svb. all those deposits are guaranteeduncle sam. all customers who had deposits in these banks can reassured they ll be protected, and they ll have access to their money as of today. no losses will be born by the taxpayers. instead, the money will come from the fees that banks pay into the deposit insurance fund. the management of these banks ....

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