at the time of its failure svp had 30 went open supervisory failures or warnings from regulators. and yet nothing wasit done. it was not done unnoticed your position on the federal board of directors potentially created a relationship that impeded supervisory judgment and created some of that leniency. and for their part the federal reserve missed or ignored all of the signs. when they did react he was too late. yesterday, testimony before thee committee device is a supervision, mr. barr the other mr. barr at the federal reserve admitted what we have known for months. failure ofce your banks as a result of failed supervision under his watch. he finally admitted he had the responsibility of that. however federal regulators will attempt to use these bankk failures to exercise well outside the bounds congress established for them the notion these families will result regulatory changes iss unfounde. as we hurt the gao the reports about the fed started in 1991, not 2155 it was 1991. nevertheless regulators try to shift the blame but facts are clear testimony before our own subcommitte

products meet 100% of our requirements. the armed forces the secret is that our military industry of the svp of russia has a mutual interest in cooperation issues both at the official level and at the enterprise level, and as dmitry pantus noted. at the moment, a number of large joint projects are being implemented, the result of which we will see in the near future time. for the british army dangerous shells, common business london has been using armor-piercing shells with depleted uranium for decades and does not see anything supernatural in this such a statement is made at a meeting of the un security council, the permanent representative of great britain, according to her. it has nothing to do with nuclear weapons before this post pre-dissipation. vasily nebenzya said that britain does not care about the fate of the ukrainians. although london is well aware. what monstrous long-term consequences for the ecology of public health are fraught with the use of projectiles with combined uranium , the goals of the collective west are obvious to everyone ; they are not hidden by western politici

former svp chief drag backaert blames the banks was doubtful on social media rumours and mixed messageswing costs from the us central command. eu regulators have approved microsoft $69 billion had to purchase call of duty publisher activision blizzard. the vision commissions microsoft addressed the concerns on competition issues and it comes three weeks after the uk blocked the deal over worries it would hurt competition in the emerging cloud gaining business. our reporter david wattel has the story. microsoft may be better for its but it's very keen to make its mark on the games market as well. its flavour activision would be a game changerfor activision would be a game changer for comes activision would be a game changerfor comes to activision would be a game changer for comes to pass, giving the tools to compete with its main rival, sony. that would give it control of such globally popular titles as call of duty, world of warcraft and overwatch. what it wants to do is add them to its ken parr service of subscription offering, perhaps better understood as like a netflix of the games m

former svp chief greg becker blames the bank was my downfall on a social media rumours and mixed messagesorrowing costs from the us central bank. eu regulators have approved a microsoft $69 billion attempts to purchase call of duty publisher. the european commission said the microsoft had addressed their concern on competition issues. it comes three weeks after the uk blocked the deal over worries it would hurt competition in the emerging cloud business. david wattel has more. microsoft may be batting for a suite of office products but it's very keen to make its mark in the game market as well. it's five activision it would be a game changer if it comes to pass giving acquittals to compete with its main rival, sony. that would give it control of such globally popular titles as call of duty, world of warcraft and overlooked. what was to do is add them to its game pass surface, as egyptian offering perhaps better understood as like a netflix of the games market. microsoft regards the subscription model as the future of gaming and conclude it needs more heft in terms of the volume and calibr

goldman could not pull off the deal before svp's collapse. goldman is cooperating with the government but denied, to bloomberg. the swiss banking watchdogs decision to wipe out claims from credit suisse, arguing that the write-down wasn't an unfair and disproportional move. the regulator saying it was the least bad option to rescue credit suisse. taiwan's intelligence chief has warned that chinese president xi jinping's moves to surround himself with like-minded officials increases the risk of making the wrong decision. he recently told lawmakers that ireland is increasing -- that the island is increasingly changing information with the five eyes expired network. -- the five network for bob the scene -- the spray network. that is the scene in naples after their team won its first soccer championship in more than three decades. late argentine superstar diego maradona led them to their last championship. more than 30,000 fans, or 50,000 fans packed the home stadium in naples to watch the game on big screens. there you go. that is your first wor

she is that frank and templeton investment solutions svp joining us from california.e know they have taken default of the table. is it good for markets to not be putting pressure from the investment community side onto lawmakers? >> i do think so. a resolution will occur like a lot of folks that were just debating it. there's back-and-forth and it will come down to the 11th hour, but none of it is great for markets. maybe you can say it's different this time, but it feels like the same. i'm not a policy expert, but we have to be positioned for the long-term and also very aware of what's going on in the short-term. with the vix relatively low, it's got,. we are positioned risk off for the near term and the macro uncertainty that we see. haidi: to that end, you are apportioning to cash and fixed income at this point? >> yes and even with the discussions around the debt ceiling, we see a lot of uncertainty around their. devon pockets of strength. we saw nvidia report earnings today. we still see lots of concern in the u.s. economy in particular. our base case is still a

tune in for a conversation with the google svp of devices and services. guy: looking forward to it.s around the campus going hate google. talking of markets. stocks down a little, about .5%. it seems that post-cpi move is beginning to fade quickly. the dollar was down after the cpi print. that move fading quickly. the euro-dollar back to flats, 109.67 -- 1.0967. they did well in fixed income, blowing it out of the park. european banks continue to do relatively well. the question is where you should invest your money. is it time to move out of europe and does that include the u.k.? next, sharon bell of goldman sachs will join us. can forward to that conversation. sterling has been on a tear. is that translate into other u.k. assets? we find out. this is bloomberg. ♪ 202 pounds on golo.'ve lost so the first time i ever seen a golo advertisement, i said, "yeah, whatever. there's no way this works like this." and threw it to the side. a couple weeks later, i seen it again after getting not so pleasant news from my physician. i was 424 pounds, and my doctor was recommending weight loss s

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svp's ex-ceo drew criticism for selling company stock less than two weeks before the firm disclosed itsxtensive losses. some lawmakers also questioned u.s. watchdogs for not doing more to prevent the turmoil. >> we know that your banks were fairly mismanaged. the next obvious question is why, why did you let things get this bad, why to ignore admonitions from regulators. the simple answer, the same answer we find in most questions about big bank failures, because the executors were getting rich. vonnie: the international energy agency expects global demand to climb more previously than expected thanks to china's rebound. it says fuel consumption will rise by 2.2 million barrels per day to a record 102 million this year with chinese demand reaching an all-time high. the agency also sees oil markets on track to tighten supply sharply in the second half. india's crucial monsoon season we arrived later than usual this year. it delays relief from scorching heat and potentially affects the planting of major crops. india's meteorological department expects the monsoon to reach the southern ker

to 500 or a million isn't going to stop the issue of the uninsured which are often very long people svp didn't bank people most of these have 1,000 bank giant tech firms, roku, circle, et cetera. that's not going to be solved. blanket lien on all transaction accounts, congress could consider that. raising the insurance deposit limit is a wrong move. ultimately that's paid back in fees by you and i and regular americans. >> it is what sheila baer called for last hour. i'm curious -- we understand there would be a cost associated with it, but the argument is if you don't do that, then you're going to continue to kind of worsen the fortunes of small and regional banks across moerk and leave only the biggest that are being perceived as safe. >> i'm not sure i agree with that outcome america has 4,000 banks, we're talking about the failure of four or five of them banks that were poorly managed, took on interest risk, that went well over their skis so a temporary guarantee of that, to the extent they're divorced by fundamentals, where this were would solve these problems if it's divorced from

senator john that are meant to svp executive.shouldn't you have a working requirement after we bail out your bank? jeff stein ponder john fetterman to make him sound coherent, profound. to make him sound strong. that's modern journalism. and another moment, another eye-opening moment last week, in another moment of perhaps incoherence for this nation, and a 9-year-old di dianne feinstein came back and cast her vote in months. they didn't seem to realize that she missed a beat or two or misty vote. or two. despite at times being in the hospital for a long stays and most certainly not spending time in the united states capitol. if she said "no, i haven't been gone. i haven't been gone. i've been working. "what is going on here? who is using these people? they are useful idiots for home. if her jill biden, for gisele fetterman, for chuck schumer, we heard the united states of america were once led by strong men and in america we were led by visionaries not only who won a revolution against an empire, but had the humility to limit th

this is cnbc svp of corporate transition >> i want to talk about some great advice i received early untilcareer that really spoke to me as an asian american in the workforce and it centered around two things the first was finding the activities that you were good at what are your natural strengths, things you build your career and craft around the second was finding the natural complimentary activities that create commercial value when you overlay the two together, you find a sweet spot of things that provide value to an employee that you can get paid around. we planned well for retirement, but i wish we had more cash. you think those two have any idea? that they can sell their life insurance policy for cash? so they're basically sitting on a goldmine? i don't think they have a clue. that's crazy! well, not everyone knows coventry's helped thousands of people sell their policies for cash. even term policies. i can't believe they're just sitting up there! sitting on all this cash. if you own a life insurance policy of $100,000 or more, you can sell all or part of it to coventry. even a ter

one would think this would have been over after the government guaranteed deposits from svp and signatureare lingering and legitimate concerns about these holdings, particularly commercial real estate. something like a trillion dollars or more held by some of these regional banks that's going to come due in the next couple of years, the way the fed's hiked rates so fast, those are in trouble, and that's an argument for possibly pausing today. i don't think they will. >> so brian, try to connect the dots even more for us. how much of the action that feds are taking on interest rates is connected to the bank failures? >> yeah, i mean, ben was very nicely laying out how it kind of got us to where we're at. i mean, one of the contributing factors, not the entire factor, but one of them that led to silicon valley bank's collapse was higher interest rates. if you're going to raise interest rates, which is the expectation today, might that throw other banks into more trouble. now, when we talk about what the federal reserve has said about this in the last meeting, because we have to remember in

. >> what's so fascinating, svp was a terribly mismanaged bank. failure was a necessity to some degree. signature was caught up in some of the same mismatch issues, but also some crypto issues as well. first republic everyone has known for the last two months was right on the brink, and it was only a matter of time. to christine's point, all very large banks, particularly svb and first republic. these banks are 40s, 50s, 60s in terms of size overall. what's fascinating is the issues that took down svb in terms of having leong-term securities tht are deeply under water and not necessarily having the equity to match up with them, that's not necessarily out of the norm, particularly in a high interest rate environment. what's different now is people are looking at that data, which is publicly available and then talking about it, talking about it on social media, talking about it online, driving short sellers to go after these banks, which in any other world would probably be fine, be doing normal course of business, and then you have pressure. so the

senaead like thi this.s, senaton fetterman to svp executive greg beckersv. av shouldn't you have a working requirement after we bailout your bank? tewejeff stein laundered john fetterman to make him sound coherent, to make him sound profound, to make him sound strong. that's modern journalism. that'sin another moment, anothee opening moment last week inhe another moment of perhaps incoherence for this nation. eighty nine year old dianne feinstein came back to the senate and cast her firstcast h vote in three months. but the california democrat didn'ter seem to realize that se had missed a beat or two or missed a vote or two despite times being in the hospital for mong extended stays and most certainlsty not spending time in the united states capitol. she said , quote, no sai, i hav. been gone.n' you should. i haven't been gone.t beeni've i've been working. what is going on here? >> who is using these people? they're useful idiots. al idfor whom? for jill biden.ill bi for jazelle fetterman.de for chuck schumer.er, we we here in the united states of america, o

but the financial system resiliency, given the collapse of the banks including svp will be front and center for many people, including janet yellen who will address the press later this afternoon, when this g7 finance ministers and central bank meeting begins this afternoon at 2, 30 local time. she will likely give a press conference geithner to reassure fellow g7 numbers and economies. -- she will likely reassure fellow g7 members and economies. >> other financial ministers have been invited from non-seven countries isn't that true? >> it's a significant given that there are issues of friend shoring, about supply chain to the etsy, and china is not here, they are not a member of the g7, -- resiliency, and china is not here. they're not a member of the g7. you have member nations gathering here. they are also being represented -- members of the global south are being represented such as brazil and singapore and south korea, so there is better relations of course across the sea of japan between japan and south korea. but inviting brazil, indonesia and india, they are trying to get a c

march 10, that's a couple of days after svp started blowing up, the nasdaq 100 is up 17% since then.k at the bond market. the two year has had 50 basis point move? that's the last seven days and still climbing this morning. tom: i thought you were reaching for it at 4.40. we will take a couple of minutes to explain this. if you beat middlesboro 1-0 and you go to wimbley, this is like -- this is a huge deal and john lived this as a kid, trying to make the sky blue. jonathan: trying to but didn't quite make it. i was a teenager. tom: others talk about it and you tried to do it. jonathan: some of my friends were there and they made it and they were fantastic futbol players. you can be the best player at your school, you got to be supremely talented and incredibly dedicated. maybe i lacked a sense of dedication. tom: they will have 40,000 tickets at wimbley for the championship league and if they win, then they play manchester city. jonathan: you get serious money as you get into the playoffs. tom: pete player or the team? jonathan: i'm not sure what the bonus agreement is but they get a