now jp morgan chase. they are worth 4 trillion dollars. what i've learned if you did not, you're very rich and very powerful, but you did not take your money out. according to jp morgan chase, they say your deposits should be fine as well as far as the employees about 4600 left. not exactly sure what's going to happen to them. first republic bank is in 8 states with eighty-four branches and it's just a matter of time where this bank we'll have to change their names. this is an indictment on the fdic and banking regulators. why they did not keep a close eye on this. and even they admit, just like with silicon valley bank james and area, they were a little lax with their supervision. >> all right. and look what okay. thank you. will. >> 604 is the time. oakland teachers, by the way, are expected to go on strlke perhaps as soon as today. the oakland education association voted to authorize a strike last week if the school district didn't reach a deal with them. and at last check, there was no deal reached over the weekend. so we know the stat

morgan chase, right? >> it was. >> this has been sold to j.p. morgan chase. how big can it get before there are concerns about it being too large. >> j.p. morgan chase was the largest bank before this, and will entrench itself after that. jamie dimon, the ceo of j.p. morgan chase had a call with reporters earlier this morning and faced the question, j.p. morgan chase just got bigger, don't you think that increases the eyeballs and scrutiny in washington, d.c. and his talking point was we're big, and we're not apologetic about it. he was basically saying j.p. morgan chase because of their scale, they're able to lend to businesses or able to lend to governments, able to lend to the imf, the world bank. don't you want that coming from the largest economy in the united states, a u.s. bank. that was his point. >> also a private bank. i don't know. seems like it's -- i listen, i have no idea. i'm going to rely on you as the expert. brian cheung, thank you very much for coming on. hopefully this is the last story like this for a while. >>> coming up next, speaker mc

morgan chase. so private capital taking over in this case, as i said, this is of the final ripple for a bank that was feeding that mold low interest rates, loans and exposure a lot of uninsured deposits. in that sense, old, fully, this is just a large last chapter of that cries if it's in mar, in march, a lot of criticism for the lack of proper oversight that led to the collapse of silicon valley bank. had the lessons been learned, tell us just briefly when i would say the direct answer is yes, because if we've seen how the f d i see dealt with this problem right now. they were very quick to act and very quick to know that the real fear was them taking over. instead, they favored it take over from a private entity. basically a big band came in and it's war chest. and that's also, of course ensuring and say, look, the financial system in america is strong and resilient enough to do this. it doesn't need to have a public intervention. andre, an employee, debbie business. thank you so much. in the ble

and if you have more than that, jp morgan chase says they will take care of it.y now own this bank right behind me. this second bank in the bay area that has collapsed over the past couple of months. first, it was silicon valley bank. now as first republic bank after a run on the bank. we've heard that term before. here's what you need to know. back in april as phoebe collapsed, then a lot of people started worrying about it. this bank is mostly used by the very rich and the very powerful, including mark zuckerberg. they made a run on the bank, hundreds of millions of dollars at a time. you add all that together and they took out hundreds of billions worth of money from the bank so they didn't get their deposit. they started to collapse. that's when the federal government stepped in. >> all right was just last wills but looking at the first republic bank here and the moves, right? how they're affecting people's going, be digested all day for the rest of the day. he's just happen overnight. we'll see. you know, we'll see how things play out. but obviously, as will

jp morgan chase will cover as well. and they have very deep pockets they have about 4 trillion dollars worth of assets. so in the meantime, in lieu of replacing the science permanently, which i'm sure they will do sooner than later. there are signs inside and outside, they say from now on call it jp morgan chase. >> back to you. all right. thanks a lot. thank you. will well 903, is the time. let's go over to the east bay now where oakland teachers are expected to go on strike, perhaps as soon as today. we know the oakland education association voted to authorize a strike last week if the school district didn't come to them with a deal, they would accept. and as we check over the weekend, no deal had been struck. so that's putting the potential out there that teachers could be on the picket line. now, the state labor board denied an appeal from the district to try to prevent it from doing that. so in essence, they have a green light to strike whenever they choose to. will that be today? that's the question. the union is

public has become the third us bank to collapse in a matter of months and will be bought byjp morgan chase —— first republic bank. now we have the sport and a full round—up. we will begin with the women's champions league. a crowd of more than 60,000 is expected at the emirates for arsenal against wolfsburg. a record attendance for a women's club match in the uk is expected and kick off is a few hours away. kt is there for us and this feels like a big moment, not least for the crowd they are expecting? fix, like a big moment, not least for the crowd they are expecting? a massive occasion, crowd they are expecting? a massive occasion. not — crowd they are expecting? a massive occasion, notjust _ crowd they are expecting? a massive occasion, not just for _ crowd they are expecting? a massive occasion, not just for arsenal - crowd they are expecting? a massive occasion, not just for arsenal but - occasion, not just for arsenal but for women's occasion, notjust for arsenal but for women's football and they have an expected crowd of 60,000 for this game which would be a record for a match in thi

first that deposit with jp morgan chase, the largest bank.— that deposit with jp morgan chase, the largests known for having _ the largest bank. first republic was known for having a _ the largest bank. first republic was known for having a big _ the largest bank. first republic was known for having a big mortgage i known for having a big mortgage lending business and a large stable of wealthy clients. as interest rates soared, it was full to borrow at higher rates and were seen as vulnerable. it is the third mid—sized bank to collapse this year following the failure of silicon valley bank and signature bank. there have been fears this is the start of another financial crisis. if we look back at 2008, it started with one bank, northern rock, but quickly spread to lots of others. the issue was weak rules around mortgage lending and pretty much every bank was exposed. since 2008, the rules around lending have been tightened and banks have to have more money in reserve to ride out difficult periods. so the hope now this can be contained to a few banks and this is the end of recent turmoil. if

morgan chase of taking over. it's worth remembering, this is the 2nd now, 2nd largest bank failure in us history with 230 billions of acids involved in this . how high is the risk of for a their condition? because mean that's what people are really worried about right now. absolutely. so i would say that the f d i c stepping in so quickly as is clearly put a hole than that the, the, the biggest risk and the fear of investors would have been that the, the se would take over the bank completely. instead, what's happening is that you have the i c as favored a take over from jay morgan chase. so private capital taking over in this case, as i said, this is of the final ripple for a bank that was feeding that mold low interest rates are loans and exposure a lot of uninsured deposits. in that sense, old, fully, this is just the latch, last chapter of that cries if it's in march in march, a lot of criticism for the lack of proper oversight that led to the collapse of silicon valley bank. i had the lessons been learned. t

a major wall street bank. jp morgan chase is stepping in to buy it. the san francisco based 1st republic is the 3rd mid sized bank to fail in 2 months. after silicon valley bank and signature bank, jp morgan chase bank will assume all of 1st republics loans and most of its assets . the bank has a large amount of uninsured deposits and a high exposure to low interest rate loans. let's bring in an employee. he's joining us on the set here for the that the business to another bank in crisis. walk us through what has happened to 1st republican and how this takeover has unfolded. so as you mentioned, the problem with 1st republic was the same that we saw before with silicon valley bank and signature bank. so exposure to low interest rates loans, a lot of uninsured deposits. and this is some, somehow a final ripple of what we've seen happening already. in march, the bank was in trouble already for a while back in march. other banks tried to pump in liquidity and confidence by putting deposits into the bank that didn't really work. and especially the tipping

morgan chase is the 3rd us phase bank to fail in recent months. and the anger is boiling over in france on a global day of protests calling for economic justice. ah, the we start in su, dawn where a 6 sees 5 between the army and a paramilitary force has been interrupted by as strikes gunshots and explosions. millions of people have been trapped in their homes as the humanitarian situation worsens. between jason b begins are coverage. hebert is too frightened to leave her apartment in heart to this. my bene, nittany, i will continue. we hear the sounds of artillery falling in the street. we are traumatized. every time we hear the fighting, we feel like we will die. the family is running out of basic supplies, the our guiding. good dan, be aetna that in is the rapid support forces are stationed in front of our home and they won't allow us to fix the electricity poll. there is no electricity and no water. the un says the scale and speed of what's unfolding is unprecedented in sudan and says the humanitarian crisis is at breaking point. oh, the head o

they are going to open today under jp morgan chase.if you need your money can you get it. >> brian: fed is going to decide whether to raise rates or not. does this figure into it 1% growth a slower economy. people being a little unsure what is going on. president made a speech on it with some substance would help doesn't talk much. fox weather alert. virginia is declaring a local state of emergency after the tornado destroyed a city tearing up 100 homes and boat. one person trapped in a car after a branch nell on him. >> steve: city under tornado warning before 6:00 last night more than 14,000 houses lost power yesterday. >> ainsley: i hope our soldiers are all okay. they live in that virginia. no injuries reported. crews are out picking up all the debris and cleaning up the damage this morning. severe storm system also hitting new york city. dumping torrential rain across the eastern seaboard. check in with meteorologist adam klotz for fox weather forecast. flights were canceled all over the place yesterday. winds were whipping. >> ab

morgan chase after customers withdrew $100000000000.00 in march. ah, well, it is now just past 1400 g m d. that's for pm in courtroom, where there has been sporadic on fire despite the extension of a faltering si, fi for another 72 hours. a tory getting be has more on the humanitarian situation that's unfolding. hipaa is too frightened to leave her apartment in hot too. and as my bene, hittie, i will continue. we hear the sounds of artillery falling in the street. we are traumatized. every time we hear the fighting, we feel like we will die. the family is running out of basic supplies. the how long adding a damn be, edna my, that in is if the rapid support forces are stationed in front of our home and they won't allow us to fix the electricity poll, there is no electricity and no water. the un says the scale and speed of what's unfolding is unprecedented in sudan and says the humanitarian crisis is at breaking point. oh, the head of the army, general abdel fat alba hand is agree to extend to faltering cease 5 is 72 hours to allow civilians to leave

morgan chase. it's the 1st u. s. base bank to fail in recent months, and he's falls on the record on another play off win for basketball star steph curry, the golden state warriors play a scoring 50 points and all saw him. hi, game 7. ah, we start in sudan where the local time is 5 o'clock in the evening and a 6 seas 5 between the army and the para military. rapid support forces has been interrupted by air, strikes, gunshots and explosions. millions of people have been trapped in their homes as the humanitarian situation worsens, which are a gate and b begins al. coverage hibbert is too frightened to leave her apartment in hearty. this might been happening at hickory and continued. we hear the sounds of artillery falling in the street. we are traumatized. every time we hear the fighting, we feel like we will die. the family is running out of basic supplies, the how long adding a dam beckner on that in is if the rapid support forces are stationed in front of our home and they won't allow us to fix the electricity p

jp morgan chase now owns the bank.zure of the san francisco based company marks the 3rd bank failure this year and the second largest bank failure in u.s. history are krogers. anna wiernicki has more on what it means for the economy and how >> people in washington, d.c., are reacting. anna? >> president joe biden says taxpayers will not bear the burden for the failure of first republic bank. depositors are being protected. >> shareholders are losing their investments and critically taxpayers are not the ones that are on the hook. the federal government seized first republic bank and sold to jp morgan chase bank monday morning. >> as part of the deal, the fdic provided 50 billion dollars in financing to jp morgan chase. these actions are going to make sure that the banking system is safe and sound. this is the 3rd failure of a u.s. bank this year. still, the white house says the u.s. banking system remains strong. the banking system overalls and stable shape. >> banks themselves are resilient overall. and folks should h

it was bought byjp morgan chase. now we have the sport and a full round—up.e will begin with the women's champions league. a crowd of more than 60,000 is expected at the emirates for arsenal against wolfsburg. a record attendance for a women's club match in the uk is expected and kick off is a few hours away. football right —— football arsenal are expecting a tough game especially with their injury problems. they need to be clinical. a lot of injuries this season, and they do lack a cutting edge, but they got the goals in the first leg and that is what they have got to do, take their chances, because wolfsburg are a fantastic side with experience in the champions league and i think they will be relishing the opportunity to come to the emirates, 60,000 fans, i'm sure they will want to cause an upset. dramatic weekend in the premier league and it's a huge game at the bottom of the table coming up this evening. leicester city taking on everton. three points would lift either side out of the relegation zone. everton manager sean dyche says they have got the right

morgan chase, the biggest bank in the country, it has gotten bigger. j.p. morgan chase, they have gotten bigger, regional bank getting smaller, interesting day for banking stocks in america. will they go down? is the panic continuing? is the nervousness continuing or is it stable? i think it will be stable and panic is drawing to a close. >> steve: friday night when people saw first racquetball is gone wobbly and going belly up, there were concerns what would happen this morning when the stock market opens. now that j.p. morgan chase has come in, they had auction yesterday and number of interested buyers, including pnc and citizens financial and j.p. morgan won it. what happened with first republic was after silicon valley and signature failed in march and pumped more money into first republic, 30 billion from other banks to prop them up, but people who were depositors are going, i don't know if this is safe, they took their money and the stock market punished them and the price fell and that caused us to be here. >> ainsley: they withdraw 100 billion in de

the san francisco based bank has now been sold to jp morgan chase as part of a deal. federal government did provide 50 billion dollars in financing to the buyer. >> the chairman and ceo of jp morgan chase, jamie dimon said in a conference call that he believes the banking crisis is now over. other midsize banks reported their results last week and the vast majority of them did show deposits had stabilized and profits remained relatively healthy. the white house said today the u.s. banking system remains strong. regardless 3 regional banks have collapsed in less than 2 we talked to an economics professor with cal state east bay. he also said people do not need to worry about the big banks. >> is it reasonable to expect big bang for probably not. i don't personally whether we have to remember, as we have seen every symphony banking is that kind of being there into the 80's could business and is subjected to this kind of first, republic's 84 branch is open today as the branches of jp morgan chase. >> outside the branch in millbrae, customers lined up waiting for the bank

as of monday, first republic customers turning up at their bank are in fact customers oij morgan chasen under pressure since the collapse of silicon valley bank and signature bank two months earlier. last week it revealed deposited had removed $100 million in the space of a few months. investors are convinced it was about to fail. riding to the rescue of america's financial system the boss of america's biggest bank, jamie dimon. in february, shares in first republic were worth $116 each. this is getting near the end of it and hopefully it helps stabilise everything. i think it seen all the regional banks, they actually had some pretty good results. the american banking system is extraordinarily sound. first republic is the biggest us bank failure since 2008. it invariably brings back memories of the collapse of lehman brothers and bear stearns and the global financial crisis that followed. industry experts say the causes this time are very different. it's about two things, it's about the speed with which interest rates had to be hiked and the monetary excess which really preceded it, w

jp morgan chase, the new owners. they will take care of you as well. so today should be business as usual. the lights are on. they should open for business in one hour from now. those signs, well, they have to go because first republic bank, which has been in operation since 1985. is no more. it is now run by jp morgan chase. worth 400 skews me. 4. trillion dollars worth of assets. so they placed a bit over the weekend and they were the ones ultimately got this paint. here's what you need to know. first republic bank, the second bay area bank to collapse in the past couple of months. silicon valley bank, as you might recall, that collapsed. then people started making a run on first republic bank. they had inside information. so what happened was they started withdrawing money from the bank. we're talking hundreds of millions of dollars at a time. ultimately, james and area about 100 billion dollars were taken out. and this bank caters to the wealthy, including mark zuckerberg. we do see some fdic officials here, the same officials that we saw during si

morgan chase paying about $10.6 billion to the fdic to close this deal. caitlyn? >> yeah. j.p. morgan was already the nation's largest bank. they got even bigger. that's going to get a lot more scrutiny from washington. we'll check in with you this morning. thank you. >> yeah. it will get scrutiny, that's for sure. when i sat down with jamie dimon last moshgs i asked him about the string of bank failures. would there be more? here's what he said then. >> this is not 2008. this is much more limited. there are only a handful of banks with this particular problem. they'll be resolved one way or another. people should take a deep breath n a week or two, a lot of banks are reporting earnings. i think they'll be pretty good. >> what we subsequently learned as we bring in roger altman, former deputy secretary of the streshry and founder and senior chairman of evercor. what we learned is how much money fled from first republic in the first quarter. but it's notable. jamie dimon, now leading the bank buying up most of the assets is the whouone who picke the phone and called the other ban

that's jp morgan chase. they have gotten bigger. regional bank smaller. safety in size.ity's position. >> ainsley: what does this mean for the average american, someone who might not bank at first republic? >> stuart: very little it. means very little. if they stop the a rot. if they stop the panic, that is good news for everybody in this economy. if they have not stopped the rot and keep getting a banking crisis, it's bad news for everybody. >> steve: when you are talking about the rot or the panic, it was back in martha $30 billion. >> stuart: correct. >> steve: $30 billion went to first republic. that's going to stabilize things. everybody is okay. we are stable right now. people at first republic are going we are getting out while the getting is good. they took their money elsewhere. their stock price has tanked. >> that's right. >> that's why it will be interesting to see where it winds up today. because they want to stop the rot. they don't want people at those medium banks to go i wonder if i'm safe. >> going to be very interesting day for banking stocks in americ

morgan chase. in a $10600000000.00 deal. regulators had taken control of 1st republic, a 3rd major bank in the us to fail in the space of 2 months. shares in the bank tumbled last week after it reveal customers, it withdrawn a $100000000000.00 in deposits in march. last non silicon valley bank and signature bank, both collapse hosing fears if a wider market fallout, christian salumi has more on this now. while us regulator stepped in in the early morning hours and seized 1st republic bank and then turned around and immediately sold it to j. p. morgan chase. i'm standing outside of the headquarters here in manhattan, new york. this was after a weekend of intensive negotiation to try to prevent another bank failure that would cause panic in the market and just trust among investors. the government stepped in did these negotiations and chase came to the rescue. first republic, of course, had been teetering on the brink of collapse ever since those other 2 banks collapsed in march. the issues for all 3

morgan chase. it was already the united states largest bank. now with this acquisition, it's even larger. christian salumi al jazeera, new york, or yet a united nations organized conference in afghanistan as being held in qatar and made ongoing concern over the countries di humanitarian situation. when the taliban administration has not been invited to take part in the 2 days of closed on meetings in doha, since it sees power in august 2021, the taliban is ban girls from going to high school or university and women from most jobs, public space is in gems. the un is days away from deciding whether to maintain its critical belief operation in afghanistan after the taliban band afghan women from even working with un agencies. united nations considers afghanistan biggest humanitarian crisis. estimating that 28000000 of afghans, 40000000 people. now depend on a to survive. our diplomatic editor james base has more from doha. the u. n. are having a conference here in, doha may not invited the taliban, they're not invited. the women or the u. n though

morgan chase. so again, this is james morgan chase, already the biggest bank in the united states growing a little bit bigger due to this deal has agreed to pay $10600000000.00 to federal regulators for the purchase of 1st republic. this all happened very quickly after the failure of 1st republic over the weekend, we saw the government take it over and then trying to find these bigger banks to purchase it after disastrous earnings report. that 1st republic released earlier last week, which saw that its customers withdrew more than half of the banks assets something that the bank simply could not withstand. now these are customers that are not your average middle class family. these are mostly a startup business owners. and most of the accounts at 1st republic are more than $250000.00, which means they are not insured by federal regulators. that would have been disastrous if that money had just evaporated. but as part of the deal, your understanding now that money will be assured and as far as those

morgan chase n a statement this morning, jpmorgan chase's ceo jamie dimon said they asked us to stepd we did. he doesn't know if this will benefit j.p. morgan chase. first republic is the third major bank to fail since march. the announcement came hours before the markets open. we're keeping a close eye on how when the markets work. vanessa, good morning to you. they invested billions to try to save it and even that didn't work. >> that's right. later this morning when this first republic branch behind me and 83 others around the country opened, it will be under new ownership. j.p. morgan chase buying first republic bank in a deal overnight, announced this morning by the fdic. this was an effort by regulators to shore up consumer confidence in the banking system as part of the deal. j.p. morgan chase will assume all deposits of first republic bank. the deposits are safe. this all started to unfold several weeks ago. as you mentioned, that big cash infusion of $30 billion led by j.p. morgan. but things really started to spiral last week after the first quarter earnings call by first r

morgan chase according to america's banking regulator.live and bring you pictures of the rose garden in the white house in washington. wiring on there? joe biden is about to make a speech about small business. there could potentially be some sort of comment about what happened to the first republic bank. it is of course the third american lender to fail this year. some would say the banking crisis is well and truly not over. i don't know what our north america business correspondent things. what do you reckon? it’s business correspondent things. what do you reckon?— do you reckon? it's not really my lace to do you reckon? it's not really my place to offer— do you reckon? it's not really my place to offer an _ do you reckon? it's not really my place to offer an opinion - do you reckon? it's not really my place to offer an opinion on - do you reckon? it's not really my place to offer an opinion on the l place to offer an opinion on the stability of the american banking sector. i can tell you, what has happened over the weekend which led up

van a reabrir como sucursales de jp morgan chase.os contratos. un juez de new york negÓ la peticiÓn de trump le negara el juicio donde se la cosa de asaltar a una periodista, ella lo acusa de haberlo violado a mediados de los aÑos 90, y despuÉs de haberla difamado cuando negÓ la acusaciÓn, declarÓ hoy que no habÍa reportado la acusaciÓn a la policÍa porque pertenece a la fundaciÓn. jorge: habrÁ una demanda en respuesta de disney a ron desantis la pelea comenzÓ cuando disney se opuso a la ley " no digas gay", que adoptÓ la legislatura el aÑo pasado. presentadora: adolescente que establecen relaciones tÓxicas pueden tener problemas a largo plazo, asÍ lo indica un estudio que aÑade que estos adolescentes pueden repetir estos patrones de relaciones Íntimas potencialmente peligrosas. los bordes del rÍo hablÓ con expertas. el estudio revelador y preocupante, indica que los jÓvenes, en su mayorÍa mujeres que habÍan tenido relaciones problemÁticas romÁnticas es adolescencia podrÍan repetir esos patrones de citas, ademÁs de comenzar a beber a

jp morgan chase acquiring all deposits and substantially all assets held by california based first republiccluding 84 first republic branchs that will reopen as jp morgan branches. the ceo saying in a statement, our government invited us and others to step up, and we did. >> first republic has been teetering ever since silicon valley bank and signature bank were closed back in early march. so it is highly unusual to see, especially this magnitude of number of banks that are being brought into receivership by the fdic. based on our analysis of the banking industry, this was the last of the ones that should face significant challenges. >> reporter: shares of first republic, the country's 14th largest commercial bank as of last year plunging 75% last week after the bank reported customers withdrew more than $100 billion in deposits in the wake of the collapse of silicon valley bank in march. >> it is difficult, nearly impossible, for any bank to survive that type of deposit outflow of their core deposits. so them being closed and going into receivership last night shouldn't be viewed as a shoc

morgan chase. the second biggest bank failure in u.s. history. nicole diantonio join us from capitol hill, and the big question for our audience is, what does this mean for consumers? >> reporter: that is one of the big questions here. we know thi is the third bank to fail in th u.s. since march. but, today, president biden, reassuring americans that the banking system is safe. he spoke in th rose garden today and also wanted to reassure those customers at first republic ban that they are safe as well, their deposits are protsan franci. j.p. morgan chase now runs all 84 branches of the failed bank. >> i am upset and angry. that helpeus, we have been there for us a great deal. >> customers have full access t their deposits, but some depositors were disappointed to lose a trusted lender. >> this bank was so wonderful. they were nothing but generous. >> reporter: regulators seized first republic early monday morning, and then sold all its deposits and most of its asset to j.p. morgan, the nation's largest bank. >> depositors are protected. >> report

morgan chase bid to buy first public bank.ryl. >> cheryl: breaking overnight, regulators taking over first republic and selling it to j.p. morgan chase. this means a lot of stress on financial markets might be removed today. this was playing out over the weekend, ashley, j.p. morgan chase had been trying to buy first republic and they were the ones that got the deal done. all first republic branches will open today, 84 branches across the united states, all depositors will have access to their money as of this, mo. deposits will continue to be approved by the fdic. analysts tell us this should end stress and concern about the nation's banks and should hopefully end worries about more contagion in the financial sector. so again, 92 billion dollars in deposits to first republic, their loan portfolio, investment portfolio in tact, first republic no more. second largest bank failure in u.s. history behind washington mutual during the financial crisis. in top four, think about this, washington mutual, then first republic, silicon v

morgan chase?ean, when you look at some of their acquisitions- here's just a brief list here -- they now include first republic bank, washington mutual, bank one, bear stearns. you're talking about further consolidation in a sector that's really dominated by institutions many have deemed too big to fail. how do you look at that? roben: gosh. and even, amna, if you were to take bank one, which is very familiar to people in the midwest, and accordion that out to first usa and all the other various dozens of banks that bank one have -- has rolled up over the decades, and it's now a footnote in this behemoth of a wall street giant. i think, at last count, it had $2.5 trillion of assets. even if it didn't do anything, it was collecting $50 billion in deposits as everybody was leaving these regional banks. so it has this really unique status, this really unique citizenship. too big to fail doesn't even begin to describe it anymore. if it was jupiter, it's kind of now the sun. and i think that's the dange

it means jp morgan chase, america's biggest bank is even bigger.ut that. she tweeted the failure of first republic bank shows how deregulation made the too big to fail problem even worse. poorly supervised bank was snapped up by an even bigger bank ultimately taxpayers will be on the hook. congress needs to make major reforms to fix a broken banking system. listen to this. this is how dimon defended this purchase. >> we need large, successful banks in the largest and most prosperous economy in the world. we have ability to help our clients who have to be cities, schools, states, hospitals, governments, we bank countries, we bank the imf, we bank the world bank. you need large, successful banks. and anyone who thinks it would be good to the united states of america not to have that should call me directly. >> so they could talk. it actually be a fascinating joint interview as we bring in our chief business correspondent christine romans, anchor of "early start." there's a lot there. what do you make of that? >> he and that bank were able to come in

el anuncio de la intervenciÓn del banco y su compra por j p morgan chase, garantizando los depositos tomaron los bancos el presidente biden sugirieron nuevas regulaciones bancarias y cualquier cambio depende del congreso. alfred garcÍa dice que le da paz saber que el gobierno evita desastres mayores. se estÁn ayudando y protegiendo a la gente, como lo veo mt >>> en washington, cristina londoÑo, noticias telemundo. >>> estados unidos podrÍa dejar de pagar sus obligaciones financieras, tanto pronto como el primero de junio. la secretaria del tesoro dijo que es poco probable que se pueda cumplir con estas responsabilidades si el congreso no eleva o suspende el lÍmite mucho antes. >>> kevin mccarthy dijo que su partido ya hizo su trabajo y responsabilizÓ por falta de acuerdo al presidente joe biden. >>> hoy el presidente biden autorizÓ el uso de un fondo de hasta 50 millones de dÓlares, para asistir a los migrantes. estamos a 10 dÍas de que termine el tÍtulo 42. y muchos centros de detenciÓn estÁn al lÍmite. 3 ciudads fronterizas declararon el estado de emergencia. francisco fa yard en f

chase. j.p. morgan ceo jamie dimon met with treasury secretary janet yellen and fed chairman jerome powell to brokered a deal. hey comes after the first republic stock plunged last week by 70 5% after revealing account holders withdrew $100 billion in the banking crisis last month. the fbi see will work with j.p. morgan to ensure all deposits and says its insurance fund will take a hit of about $13 billion. we will monitor this as the stock market opens today. and when the branches open as well. reggie: pg&e says power has restored to all customers in san francisco after an outage that lasted days. hundreds of customers in the financial district were impacted. as you can see in the pg&e map we are in the clear this morning. no outages to report. the outages started wednesday night when a fire sparked an underground transfer -- transformer. pg&e workers worked over the weekend to fix the issue. kumasi: the only shelter for the un-housed in the city of alameda is closing its door today. christ episcopal c

morgan chase locations officials say your money will be available. they came together over the weekend with the fbi see seizing assets overnight and selling most of the operation to chase. the j.p. morgan ceo jamie dimon met with treasury secretary janet yellen and fed chair comes fstepublic. stock plunged last week by 75% after viewing account holders withdrew $100 billion during the incan crisis last month. the fdic will work with j.p. morgan to ensure all deposits, the insurance fund will take a hit of about four -- $13 billion. will monitor this as the stock market opens today and later when the branches open. reggie: windsurfers in alameda yesterday. it was howling at crown memorial beach, which created the perfect place for kite surfers and windsurfers on the bay. to take advantage of the windy weather, you can see this video. kumasi: yosemite valley will be reopened after flooding did not live up to the forecast. it was closed through wednesday because of concerns but the conditions were better than expected. it's the park service reopen the va

el Ía de hoy el presidente de Éxico andÉs manuel Ópez obrador hizo un llamado a los j-p-morgan chase tendÁn tendÁn trabajo... j-p-morgan adquirÓ la mayor parte de los activos de ese banco, a principios de este mes, por 10 mil 600 millones de Ólares... la adquisicÓn se produjo despÉs de que el banco, fuera incautado por el gobierno, en la segunda mayor quiebra bancaria, de la historia, del pÍ. las nubes de humo negro del "popo" mantienen inquietos y alerta a muchos mexicanos.. ===== aplicacÓn, desarrollada los usuarios simular ser propietarios de esclavos. la aplicacÓn, desarrollada por magnus games, fue lanzada en abril y haÍa sido descargada Ás de mil veces, antes de ser eliminada este mÉrcoles. seÚn la descripcÓn del juego, los usuarios pueden "convertirse en un rico propietario de esclavos o lograr la abolicÓn de la esclavitud". el jefe de la diplomacia de la unÓn europea dijo en la habana, que el bloque de 27 miembros sigue siendo el principal socio comercial de cuba, a pesar de las sanciones de estados unidos y el creciente acercamiento del Égimen a rusia... josep borrell le dij

morgan chase.y not only protect the first depositors saved the economy from the potential recession. why do i say that? must's was the first major bank to fail. the second largest bank failure since 2008. so think about what could have happened had they failed the lfirst collapse. today we will be reading headlines about panicking investors and depositors and turmoil f throughout the financl system. thankfully we avoided that because the government had the good sense to step in and maintain confidence in the banking system. now federal regulators stepped in to protect our economy on the crisis at hand was a bank with $229 billion of assets. but that 229 billion-dollar bank pales in comparison to the larger undertaking facing in washington today the future of america's 23 trillion-dollar economy. right now in the u.s. house of representatives speaker mccarthy is threatening our economy with the first-ever federal debt default. the first time ever in our history. let's put this dangerous gambling con

the fdic approved 50 billion dollars in financing to jp morgan chase. we caught up with some first republic users to see what they are making of what's happening to their money. >> well, we're kind of see what's going to happen. we're not sure what's going on. if it's kind strictly over the chase, are there going to be over? give us in our or cd. and if they can reassure us that it's going to be okay. we'll leave the money here. >> last month, first republic reported that it had lost more than 100 billion dollars. thanks in part to a run on accounts fueled by the collapse of silicon valley bank. the white house, the treasury department and the federal reserve all say they're keeping a very close eye on the banking system and the potential risks that it faces. the federal reserve is also meeting this week to decide whether or not to continue raising interest rates, which it has been doing. it says to lower inflation, but additional rate hikes could f%rther put a strain on banks making the decision a little bit more complicated this time. so to get some w

morgan chase to buy republic. and jamie dimon, who is legendary, savvy at this stuff, he got a good deal. that bank got bigger. i'm wondering what the prospect is for other smaller size banks that might run into this in the future? >> well, if the last four cases are any indication, they'll find and exit strategy for these banks if it comes to pass. i think it's a mistake, neil, to add up 1 and 1 and come up with 5 in terms of the negative impact on other banks, this is what quite frankly creates a problem for some of the banks. we live in a world with instant communication. if a bank runs prompted by social media and all the electronics, people sort of need to calm down. if there's banks that have issues, hopefully there's been four shots across somebody's bow that they will -- they're working very hard to fix whatever problems they. have let's hope that there are in fact no more. also, the good news is that this is not 2008 and 2009 in my opinion. you know, we have issues, we have plenty of issues and we see tha

cheryl: did jp morgan chase and jamie yjamie jamie dimon get a r bad deal on first republic. >> i thinkod deal. i think the customer base of first republic is superb, one of the best in the banking industry. i think jp morgan has the ability to simply hold the mortgages until interest rates adjust or until mortgages are paid a i don't think they'll take a major loss on the mortgages. cheryl: dick bove joined me last hour. regulators seizing first republic bank and agreeing to sell it to jp morgan this morning, first republic now the second largest bank failure in u.s. history. shares of first republic halted in the premarket. a treasury spokesperson telling fox business treasury is encouraged that the institution was resolved with the least cost in the he deposit insurance fund, 13 billion, you can give your opinion on that the banking system remains sound and resilient. joining me now, texas congressman, roger williams, member of the house financial services committee. congressman, your reaction to the now takeover, the absorption by jp morgan of first republic. >> well, i think it's g

as of monday, first republic customers turning up at their bank are in fact customers ofjp morgan chasesigns above will soon change. first republic had been under pressure since the collapse of silicon valley bank and signature bank two months earlier. last week, it revealed depositors had removed $100 billion in the space of a few months. investors were convinced it was about to fail. riding to the rescue of america's financial system the boss of america's biggest bank, jamie dimon. he says the turbulence in the banks is nearly over. this is getting near the end of it and hopefully it helps stabilise everything. i think all the regional banks, they actually had some pretty good results. the american banking system is extraordinarily sound. first republic is the biggest us bank failure since 2008. it invariably brings back memories of the collapse of lehman brothers and bear stearns and the global financial crisis that followed. industry experts say the causes this time are very different. it's about two things, it's about the speed with which interest rates had to be hiked and the mone

morgan chase the 3rd us base bank to fail in recent months. ah, ah, off we go with your weather story for the americas. thank you so much for joining in. and we've seen some severe thunderstorms to the southeast to brazil, eastern paraguay that's knocked down the temperature in places like a saucy on. so you're up to $23.00. on tuesday, after brazil we go in for this state of esper seats or santa, we've got some soggy conditions here as well. had the falls of rain in the forecast around my house with the high of 31 degrees. you know, for central america, there was, winds are picking up through the caribbean sea that's going to generate showers along the caribbean coast. but also on the other side too. for the pacific coast. got some pouring rain in the forecast there to the us. we go and we are bringing up warm air from the gulf of mexico. so houston, new orleans, your temperatures are closing in on 30 degrees. but let's go to where the active weather is. it's around the great lakes, really raw feeling conditions here, cloudy, gloomy sherry at

morgan chase, even larger than it was before we. we had other banks that were interested in buying for a script uh that were not too big to fail themselves. and i'm thinking in particular the cnc back, but i disappointed in the administration in that they actually subsidized the purchase of 1st group cover to buy jp morgan, thereby making j. p. morgan even larger and more so me to say all that it was before, this is the minus and a piece of business from the last financial crisis in 2008 where we, we failed to run size these institutions. now, if we're willing to live in a world of basically socialized banks that are more of the state, then we'd like to make the conscious public policy decision. but in steps that we tend to pull ourselves into thinking that we have a competitive system. we're really what we have in the us is, is a subsidized to the big to fail. after all, the too big to fail. banks account for about 60 percent of all banking assets in the us. and as william pointed out in the us system is not as bank septic as, as a

jp morgan chase will assume first republic's deposits and purchase most of its 229 billion of assets.irst republic 84 branches will reopen today as j.p. morgan chase bank. >> griff: and presidential hopeful vivek ramaswamy, who has a biology degree, issue clas on how many genders exist. >> it is legitimate to say below 18 years of age, we will not -- >> you are calling it that, you're are you confident you know gender is as binary as you are describing it? >> i am. >> you know this as a scientific? >> there are two x chrome sewns, y and y -- >> scientific research says gender is a spectrum. >> chuck, i respectfully disagree. >> griff: that is debate we didn't think we would hear, joe concha will weigh in on that. >> ashley: republicans launched political ad last week in response to president biden and it was generated by ai. watch. >> just in, we can call the 2024 race for joe biden. >> this morning inslayeds taiwan. >> ashley: that move sparking fiery debate over impact ai could have on the 2024 election. tom newhouse, with convergence media joins me live. you know, there is mixed de