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CNN CNN Newsroom Live July 6, 2024



i m rosemary church. just ahead, winter storms bearing down on both coasts in the u.s. one system could leave a foot or more of snow in parts of the northeast. another atmospheric river is said to dump rain on already flooded parts of california. plus, after the biggest u.s. bank failure since 2008, regional banks fear a broader financial crisis as their stocks tumble. former u.s. president donald trump in iowa taking swings at republican rivals, just days away from a potential indictment. good to have you with us. we begin here in the united states, where confidence in regional banks remains shaky, despite ashusurances from president joe biden that they are safe. a dozen of regional banks plunged to record lows following the collapse of silicon valley bank and signature bank. mr. biden promised to do whatever is needed to protect the u.s. banking system. and he promised to hold those responsible for the collapse f fully accountable. the management of the banks ....

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CNN CNN Newsroom Live June 4, 2024 07:03:00

the soothing words have from president biden have not calmed the global markets. the global markets were down some 3%. we can look at how they are opening this hour. we don t have the new numbers. we can check back on that. in asia, we did see fallout in japan where the nikkei was dragged down by some of the biggestb banks that saw sharp falls. this is not about deposits. this is not a run on japanese banks. this is about the situation that got svb in the situation it was in. its interest rate hedge. japan is a major holder of u.s. government treasuries. those big banks in japan are having to reprice the estimation of where the treasury yields have been, as have come up sharply, where they are going to go in the future. the questions are being raised in the markets are pricing them, ....

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