perhaps just a point on voc chris because back in march u. s. officials including president biden again, secretary yell and try to assure the public that the american banking system is safe, it's signed. was that just that miscalculation an attempt to come the masses or in your view has something unexpected occurred? i think it was the form i think that we're just trying to calm things down and i think anything unexpected has occurred. if we look at the republic bank, which, which just when, when we saw in silicon valley bank, which again was a comparatively small bank just like this. by as soon as that bank crashed, the stock prices of all the small banks started to become very, very bullet top. it started to decrease in value. and what they were trying to do, i think, is tom the situation down. but it's epic. he failed, right. what they've done now is essentially they've sold this bank out to the behemoth of the bank with. ready which is very, very much alive with this r u. s. administration. they've essentially given the bank away to free to

u. s. and i think that will happen in terms of j. p. morgan. we see that a little bit also with u. b. s. and credit suisse when chris, of course, was acquired by u. b. s. there is a wealth management as part of the bank 1st republic. it was a very well known bank and was to see, to be doing the right things, if you like. and that wealth management is, is worth a lot. and i think that would be what jacob morgan is taking on is not taking on a lot of the commercial debt issues that 1st republic head. so it's been quite careful about what is taken on. and so i think it is probably, you know, quite a good move for j. p. morgan to have done there was an auction and the seem to have one that auction. there were a number of other banks which were interested in it. and of course, they get loads of guarantees, goes and sold in terms of loan losses from the authorities in the us. very interesting indeed. and, and also indicative of a broader trends that we're seeing. vicky price the chief economic adviser in the center for economics and business research. thank you for joining us and out of there and sharing your expertise wi

u. s. banking system remain was necessary to protect the broader us banking sent straight that all depositors savings and the banking system are safe, our bank, wrong capital and liquidity. or to contribute or chris m selected with the ongoing chaos on american markets. the u. s. that is pretty much worthless. you go annual crash in the us market at g to the fact that as, as ones and investors are now looking at the united states and thinking asked, is this a safe place for me to buy stops and equities, or any kind of a global investment community says now the u. s. economy gets food into 3 full lights, the u. s. for the same way, just like what happened in germany. 1929. we didn't tie. we'll barrow past. so i think we're moving toward this multi u. s. dollar becoming more or less the font is a global reserve currency from and beat even the russian, brutal which are where we're seeing. i wanted me to be policy d t v right this year. so people will start moving away and i think we'll start seeing a wall that isn't dictated so much. so whatever uncle sam decides to do when he wakes up breakfast in the morning with his us, stella, it's a very exciting time. a bit of a scary time in one by a definite

chris and doug wanted to do more. from the early nineties both over three hundred million u. s. daughter so plan for preservation christianity and tina. they build parks complete with lodges campgrounds and trails to support a good two recent. after dark sudden death in twenty fifteen preset gary demanded as. president of their foundation thank yous conservation. what was it you saw here may you take a decision that would change you know the next twenty years. i didn't see it frankly dog is the one who's side. he sought a landscape that was beat out and miles of fence line to take down and dug convinced me this was the conservation chance of a lifetime. in two thousand four in the technical valley crease and dog bought these cheap branch of almost two hundred thousand acres of over grace grasslands. they said about pretending it in a to along with a handful of smaller farms using a process called rewilding. rewinding is the restoration of an entire ecosystem to its natural state by removing foreign speeches white green to houston and protecting native ones. it begins with the r

when our to contribute or chris, an unsafe investors aversion to us banks that we're seeing could of big vacations the u. s. solar is becoming something that is, that is pretty much worthless. you've got a situation where we could see a total crash in the us market at g to the fact that as, as an actually rightly points out for ones and investors and are looking at the united states and thinking. is this a safe place for me to part my cash? is this a safe place for me to buy stops and equities or any kind of financial instrument and it hit the global investment community says no, the u. s. economy gets forwarded to 34, and then we can see every economy that's allied to the u. s. following the same way, just like what happens in germany. 1929, but in order to buy a life of bread genie didn't tie wheelbarrow. so i think we're moving toward this multi poder wilder, which will start with the u. s. dollar becoming more less the font is a global reserve currency. people trading and other currencies, like the chinese women beat even the russian, brutal which are where we're seeing or forecasting both of these eco

to reserve writ chris and says investors aversion to us banks that worse we're seeing, could have big ramifications. you've got a situation where we could see a total crash in the u. s. market due to the fact that as, as an actually rightly points out the ones and investors are looking at the united states. i'm thinking, is this a safe place for me to pop my cash? is this a safe place for me to buy stops and equities or any kind of financial instrument and it hit the global investment community says now the u. s. economy gets forwarded to 34, and then we can see every economy that i like the u. s. for the same way, just like what happens in germany. 1929, but in order to buy it, like the bread you need didn't tie we'll barrel. so i think we're moving toward this multi poder, well order, which we'll start with the u. s. dollar becoming more or less the font is a global reserve currency. people trading and other currencies, like the chinese women beat even the russian people which are where we're seeing forecasting both of these economies to be positive growth this year. so people will start moving away and i think we'll start seeing a wall that isn't dictated so much

chris campbell is one of at least nine americans who have been killed fighting in ukraine. the u. srvice today. dedicated the cupertino post offices of the late navy seal. matthew axelson axelson was deployed to afghanistan in 2005 are just 29 years old. he was assigned to capture or kill a high ranking taliban leader in a mission known as operation red wings. axelson was shot during that mission and later died of his wounds. knowing the danger. inspired to respond to the terrorist attacks. on 9 11. he volunteered. to serve this country. and he went to afghanistan. and he defended us. against terrorism. the new building, located on stevenson boulevard or stevens boulevard. excuse me, stevens creek boulevard and cupertino will now be known as the petty officer. second class seal. matthew g. axelsson post office building. down but not out the world health organization downgrading the covid outbreak, but health experts say that is no reason to let your guard down the landmark now back open after the break. we hear from the new owner of the cats about how he's revamping the restaurant t

u. s. died of a drug overdose last year. a new substance entering the illegal drug supply chain could make those numbers even less, as reynold's reports from los angeles. at a homeless camp in los angeles, chris rivera has scored some drugs, defeat his opioid habits. face tell me was something now. you know, um the guy that gave it to me, he says something new. uh, yeah. that something new could be the latest and most dangerous drug to hit the streets. rivera lights up the drugs and st. medical outreach worker, coreen uric takes out a test strip that says a final test script. and this isn't by losing tests or so one line would mean it does have a valid thing. silos game, it's an animal tranquilizer known on the street as frank, and it's popping up as an additive in illicit drug sold all over the us. we are trying to think about it. it's serious. it's serious. and it's not cool. frank related overdoses are increasing rapidly up by 25 percent in some areas last year. it kills by slowly suffocating the user. so it, it slows down a lot of the processes including respiration. so you forget to breathe. so it kind of shut down the kidneys, but it's predominantly, it's the breathing fit that will kil

u. s about a decade later and now you see it all over the country chinese american museum in los angeles just unveiled a new exhibit about this sweet, bubbly drink. have the giant bulba girl by chrisells about not just the history but the joy that it brings us. boba balls were originally made from sweet potatoes, but now they're made from tapioca flour. now we're celebrating asian american and pacific islander heritage month all month long, and you can find more stories just like this one on our website just go to ktvu .com slash a p i guard 6 17 is the time if you're just joining us cells covering some problems in the commute, sal yeah, you know, and it is again on one on one in sunnyvale. i think a lot of people are just joining us, and i don't know that there has been a crash that actually affected the freeway. both directions since 12 30 in the morning putting it up on the map here. you can see that one on one northbound is getting a little bit busier. southbound on a one. it's not the commute direction. but however, you are going to be taken off the freeway and a detour. we do have a live picture on the scene here, and i want to show you that no cars are getting through, as y