it should not be a factor for stearns grove today.you are planning to go out to festival, it is almost notoriously well known for having great skies for it, and that the situation out there today. looking across the forecast, and nice fr. and today, as we get into the later part of today, there is a little and so it won't be as good as friday. >> so i will be at stearn grove later, so do i grab a light jacket? >> yes, and you won't be call. >> and a mystery that experts are trying to unravel, what is killing california's ground pelicans. >>> and i have baseball, and giants' fan, you are going to love it. the neighbors to the south, bitter rivals, and in town, for the second straight day, and a win haouake it. saturd t woing ostr was ty estrada's bat. look at where he took kershaw, back over the left field wall, and the giants were just getting warmed up. same inning. luis gonzales picked up it and wer shaw's day was done after four inks. >> this one lead in this half, and the bases are loaded and a white and the yins yin. for, a's fra

problem down _ airport work and stearns problem down so — airport work and stearns problem down so it'sbeen brought in to try and manage the chaotic situations in the airports _ manage the chaotic situations in the airports as— manage the chaotic situations in the airports as well. so, doesn't look yet like _ airports as well. so, doesn't look yet like the — airports as well. so, doesn't look yet like the government and the industry— yet like the government and the industry or reaching some kind of consensus — industry or reaching some kind of consensus about a way to solve this problem. _ consensus about a way to solve this problem, which means over the four-day— problem, which means over the four—day bank holiday weekend, we could _ four—day bank holiday weekend, we could see _ four—day bank holiday weekend, we could see many more problems like the one _ could see many more problems like the one we — could see many more problems like the one we have seen in last few days _ the one we have seen in last few days it— the one we have seen in last few da s. �* w' the one we have seen in la

you have to, for instance, rapidly dismantle a bank like bear stearns. who do you asked to do it for you? while you don't really want expertise in the federal reserve of new york, the habits hands too dirty. you draw the contract this out and you find people who really know their way around this, like black rock, for instance, at the time, a relatively unknown company, but with huge expertise black rock close the banks and bottom, ailing financial institutions. it became the 1st big winner of the crisis. by 2020, the group was managing assets worth 9 trillion us dollars. and then crucially, it becomes a predator. so it becomes an entity that has the ready cash to buy other people's assets as they look for capital black rock also struck in europe, had rising the european central bank and buying up a share of major british bank barclays in 2009 and black hawk uses the embarrassment of barclays 2 pounds on this portfolio and dismantle it and incorporated into black box business. and it jumps black rog away from its major competitors at the time schools and

tom: i watched the move to 17ish this weekend like i do lehman brothers or bear stearns.tick was fascinating. bitdog -- i call it tulip coin. 20084 on bitcoin. please stay with us. an eventful day. japanese yen weakness. lisa: we have an optimistic green town ahead of the oh and. the countdown to the open starts right now. >> everything you need to get started for the start of u.s. starting -- u.s. trading. this is the countdown to the open with jonathan ferro. ♪ lisa: we begin with recession calls gaining momentum. >>

at the time, when he said oh, just isolated we just can't sell the stuff, bear stearns officially outking the whole reason that was sold to people owning bitcoin crypto was inflation hedge, well that has been one of the biggest lies peddled to investors. that i have seen in my 30 years of being in finance. journalism. >> the other inflation hedge has not worked out at all obviously, you hasn't sold off as much as bitcoin is gold, i don't know how many pure inflation hedge, trades out there are actually working in this environment. but i would say that bitcoin is not necessarily just your typically inflation hedge it is your hedge genned fiat currency he collapsing a little bit different i see your comparisons, luna,iths own animal, to be a stablecoin bitcoin is a leader first he mover i would say you are probable due for you a you short-term bounce here should be cost averaging over time with some risk assets. dagen: with great inflation hedge right now? the savings i-series savings bonds i-bonds straight from government 10,000 dollars security number right now, the initial interest r

i'm reminded the late great ace greenberg of bear stearns, he grew this firm into a powerhouse and focusedn a memo that noted if someone with an mba degree applies for a job we will not hold it against him but we are looking for people with psd degrees. they built this firm, poor, smart and deep desire to become rich. welcome to america. first it was luna, now it is another crypto that has fallen apart, the wolf of wall street will give us his take. also it doesn't mean the revolution is dead. lisa ellis loved coin base, does she still love it? we are back after the break. ♪♪ or fun. daring, or thoughtful. sensitive, or strong. progress isn't either or progress is everything. xfinity mobile runs on america's most reliable 5g network, but for up to half the price of verizon so you have more money for more stuff. this phone? fewer groceries. this phone? more groceries! this phone? fewer concert tickets. this phone? more concert tickets. and not just for my shows. switch to xfinity mobile for half the price of verizon. new and existing customers get amazing value with our everyday pricing. sw

show, dennis, because you took the helm of the atlanta fed almost one year to the day before bear stearns collapse, so you are no stranger and to the recession that follows, you are no stranger to making very difficult decisions when the pressure is on, as it pertains to rate hikes, but this feels a little frantic, and i say that because as we said, jay powell had said 75 basis points not on the table and that was just weeks ago. suddenly all of us, we were sitting here saying, it is a problem. inflation is not transitory, and boom, we get not just the cpi, consumer inflation, last week, but one day after the producer price index, inflation at the manufacturing level comes in at a crazy high number of 10.8 and then all of a sudden it comes through the markets that oh, it could be 75 basis points. do you think they could have handled this a little bit better and i know i'm putting you in somewhat of a difficult position by asking this to not criticize your counterparts who are now in charge, but can you be a little honest with me? >> well, i think perhaps they could have communicated bette

butch stearns. butcher you had a you had a late night last night, didn't you?n, and i'm proud to represent rude new englanders everywhere. okay well, we will get into that. but let me ask you this. you've seen some greats go through the boston garden. where do you size up steffes effort last night in the dubs big win and what really may have been his best final performance, maybe ever well, i'm well aware of the stuff without kd stories and the team of that in this series, and the other things are at, um at stake for the warriors. so i think you and i know this all too well. if the worries win this series, it becomes epic. if not, it becomes a good game that he did. but how can you not be impressed with what steph willed them? to a win last night to me that that last night was the classic example. the celtics are the better team , and i'm not saying that as a boston guy, i think i'll nba people believe that they had the better season, but the warriors have been there done. that obviously, and last night was an example of the guys that wanted they've never had i

>> i don't know i'm just saying if you're at bear stearns remember when they went under and they said your brokerage client and your money is in there you are protected by civic insurance. you have extra rights as a brokerage holder to get your money back. it won't come tomorrow, it could come in a year but you're gonna get it back probably in your head of other creditors. that does not apply to crypto exchanges. just keep that in mind if you're worried about this. i'm not saying they're going bankrupt, their bonds are trading and junk-bond territory would suggest 11%. >> interest rates are up. >> and actually down today. >> great to see you thank you very much. spirit airlines plunging around 8% after saying it's going to accept the latest approved takeover bid from frontier, is sweetened its offer adding an extra $2 per share in cash. we'll be right back. this is koli. my foster fail (laughs). when i first started fostering koli i had been giving him kibble. it never looked or felt like real food. but with the farmer's dog you can see the pieces of turkey. it smells like actual food

tried to help doomsday, he acquired bear stearns and he got slammed for it.k day and slammed by regulators and he said i will never be there again. he is suggesting this again that the fed will start unwinding balance sheet and have assets for sale. guess what, jp morgan will not be there as buyer this time around. >> we can think about other bad banks who were zombie banks. jamie dimon was a hero back then. i think the good news is and some other things mr. dimon said yesterday that the conditions are not here this time but still definitely economic impact to consumers and buyers out there. maria: yeah, mark tepper, what do you say that he's saying the balance sheet will be more conservative. lower earners are going to really feel the pinch if they can't get the loans that they were expecting. >> without a doubt, but, look, to scott's point, to your point, to jamie dimon's point, they were put in a very, very difficult situation back in mid-2000's and they don't want to see happen again. and the scott's point i think the hurricane is already here. all of the