are hoarding cash. >> banks are nervous about giving loans for appliances, cars, homes, making wall street's of reach. >> the markets are freezing. the whole american economy is built on the ability to lend and borrow and invest and all of a sudden, companies throughout the country who borrowed because they are buying equipment and need to make payroll, they can't borrow. millions of people started losing their jobs. >> we are close to a depression, forget the recession. >> where my going to deposit a check, bernanke and paulson were really concerned about whether or not people would be able to go to an atm. >> the treasury secretary told congress that a bailout is the only way to prevent a collapse. >> america's economy is facing unprecedented challenges. and we are responding with unprecedented action. >> it's no stretch to say that after this week the era of big government is back. >> it's an urgent request from the bush administration to congress, for $700 billion to quickly stabilize the financial system. >> thursday afternoon we started to hear about this thing called tarp and it had m

but you know, this guy was working for the, for the wall street journal. you know, he said you take the wall street journal, i don't know, take the new york times, take the washington post. i'm not saying it, but there are certainly some people out there who say that these outlets are a mouthpiece for the us. intel and political establishment, that's what some people say, i mean there are also some people that might say this could just be a case of the wrong person in the wrong place at the wrong time time. but that being said, yanez america has previously faced allegations of using diplomats as spies. maria is a hot of a of the russian ministry of foreign affairs says that this guy was using journalism as a cover. now if any of that is true, is it possible? this is a common tactic for people to try and uncover intelligence by using journalism accreditation as a cover obsolete. you are already on the, on the boy. oh, you don't, but we have to really interview too many working class because they were not following up all when they said that we were going to

why me when so many people go to wall street and hit the rocks? >> in truth, a lot of my peers in the business experience this type of harassment, intimidation and bullying. a lot of times, they make complaints, they get fired, they get a package or they see you and get a package and with that package comes a nondisclosure agreement. a lot of the people i'm representing, and i know i am representing them because i've heard from hundreds, have signed and nda and are not able to speak. i didn't get any goodies but i got the ability to write the book. i know i'm the only one talking but i'm not the only one with something to say. >> it really is a heck book. it is for very interesting books wrapped together. it makes a good read. it would make a good movie. >> from your lips. >> number one, how it is a bright woman climb the wall street letter. how do you save a marriage and her huge stress -- it is inevitable and it wall street and how do you confront mean, nasty coworkers and win? and finally how do you honor an immigrant family to whom you owe a l

and once again, the wall street journal denies it. but if indeed this man is a spy, the wall street journal's course of what i know because this something that, as we've seen in the past, the cold war, for example, this is all public information. when several american journalist, dozens, others put it into 100 journalists, were used as spies the gathering intelligence. this is exactly what they're talking about. this is something that the wall street journal wouldn't necessarily know, because this would be a contact that would be maintained between the journalists and the cia. for example, just a bit earlier, we discussed these allegations over american report, spying on the russian defense industry with independent journalist, mike jones and former us marine john duke. it's no secret, especially in this day and age that the american journalistic structure. all of them just about are working for the united states government. it really depends on what this individual was trying to get. but if you're trying to get military secrets relat

, top wall street banks. that 30000000000 wasn't an injection of capital. that wasn't money to buy the bank. that was just a confidence measure that was 30000000000 basically to signal to the market and to the wider world. quite frankly, that we are confident that we can get through this. and i say we, i mean the big wall street banks, it was a confidence measure because they don't want these regional banks to fail either. when i mean they, i mean the big banks that have trillions of dollars in assets. because then that would be like a wildfire that could spread to the entire banking system. that is the worst case scenario that everybody, the federal government here in united states and the biggest banks on wall street are all trying to avoid at all costs. yes, sounds like there could be a lot at stake. thank you so much. gabriel is on there for the time being gabriel's reporting for us from new york. we're taking back to one of our other top stories and that's practiced on where the former prime minister in

while wall street is not and basically hide their money in offshore accounts. and basically buying back their docks that is why there is no free trade because basically the corporations are marketing wall street where other companies can't come in and participate. who are dictating policy over vaccines. okay, john, i leave it there. >> what we saw was that institutional investors, we saw hedge funds or wall street backed investors buying up single family homes. not to listen, but they wanted to lie so that they can rented out which means the first time buyers have to compete with wall street investors but not possible wall street investors are coming in with all cash. first time buyers, prime to qualify for a mortgage, they have to go through various processes. so, some of the institutional investors have been a much more active with rising rent. they understand there's a housing shortage. they understand rents will be rising. the ramping up the price of their properties. atlanta is one very good example. certain neighborhoods in atlanta, again, single family h

that's after a moscow court ruled to detain a wall street journal reporter on espionage charges. is going to be held for 2 months in pre trial detention. evan gush coverage told the courtroom. he was not guilty. the u. s. citizen was detained by russia's federal security service in the city. if you catherine bud gap coverage has been working in russia since 2017. it previously worked with the f p news agency and the moscow times newspaper. china by our white house correspondent, kimberly hall cook. we've been hearing from the bible ministration. what's being said, kimberly the white house has released the statement as has the state department in both statements. the biden administration has condemned the detainment of the of us citizen and the wall street journal reporter, one of the same in the strongest possible terms condemning this, calling this unacceptable. we understand the white house of the state department of both been in touch, not only with the russian government, but also with evan gertrude's family. we do know that this is something that is of grave concern to the w

now let's get some insight from wall street on these developments. yes. call to joins me from new york. hi jens. yes. how worrying is what's going on with 1st republic? yeah, maria, desperate time stephanie lee call for desperate to measure says so when we got to word that obviously m almost a dozen of from usaa banks are jumping him to an end to get a deposit stu 1st republic. him that did definitely cause so quite it would change . sure. but then again, i mean to think about it as sort of competitors helping another bank to stay afloat . that is of what i would call a desperate measure. i mean, the stock did turn around into is saw some decent gains in the so stay station. but now in after our trading, the stock is actually down again a buy at 20 percent of the management and hinted that it's not going to pay any a dividend. so those are definitely, well, i'm not sure if it's necessarily um, the head of the treasury that com market said down of what definitely helped earlier this week is, is when the federal reserve for the, if the i c as said that they

it's not the fed's job to bail out wall street investors if their stock portfolios go down. across the whole economy, and when those events happen, we are prepared to act. but from, in my view, the bar of us act... the bar from us acting, it should be quite high. >> jacoby: i mean the fed has come to the rescue several times, and we've taed about this in the past, of the financial markets that had grown vulnerable and brittle. so, are you saying... i'm ju, again i'm asking, what, what degree of disruption would u have to see in order for the fed to intervene? >> you know, it's, uh... we're a long, long way away from that. i guess i would say it that way. we are a long, long way from any kind of disruption that would warrant us stepping in in that way. >> jacoby: less than 5 months after that ierview the fed would indeed have to step in. >> in breaking news, the u.s. federal reserve has bailed out the licon valley bank which had collapsed over the weekend. >> jacoby: it enacted emergency measures to sure up the banking system after two banks collapsed. >> this is the biggest

time for the wall street beat.tment banking fees across the biggest wall street banks fell 49% in 2022 causing bonuses to fall 26%. this comes as a slump in dealmaking and rank and efforts to contain costs weight on compensation. the bloomberg finance reporter joins us now. i thought there was a war for talent on wall street so white slash bonuses 26% if you are trying to retain talents? >> this is one of the first real signs we have that the war we've been reporting on for years now is coming to an end? it's pretty abrupt. a year ago, we were talking about the similar data set from new york state comptroller showing wall street bonuses were at a record high and now just 12 months later, a complete reversal. vonnie: as you mentioned, the new york state comptroller said hiring on wall street is at a record. explain the difference between the two. how can it be at a record and people are getting laid off and bonuses are going down? >> it's an interesting point. the state comptroller's office doesn't provide us an exa

government end wall street journal had to say out this?it's unsurprising that the government tears of the white house and state depant have condemned it is in the strongest rms using words like this is just a clear example of russia targeting american citizens. in fact, i think we have a clip from the white house and you can hear what they had to say. >> this espionage charge is ridiculous. the targeting of an american citizen by the russian government is unacceptable. we condemned the detention of evan gershkovich in the strongest terms. we also condemn the russi government's continued targeting and repression of journalists. >> this arrest comes at a time of strained relations between russia and the united states. but, how unusual is an arrest of this kind? >> the last time an american journalist was arrested in russia under espionage charges was during the cold war. so, it has been a very long time since you have seen this kind of action. that said, we have been seeing quite a lot of russian aggression against foreigners. especially, fo

we are in contact with the wall street journal on the situation whenever u. s. citizen is detained abroad, we immediately seek, conceal or access and seek to provide all appropriate support. in the strongest possible terms, we condemn the kremlin, continued attempts to intimidate, repress, and punish journalists and civil society voices. the department of state's highest priority is the safety and security of us citizens abroad. we reiterate our strong warnings about the danger posed to us citizens. inside the russian federation, u. s. citizens residing are traveling in russia to depart immediately as stated in the travel advisories for russia. so that is the latest statement coming from the us government just handed down just moments ago. kimberly thank you very much indeed. kimberly halted our white house correspondent with letters love post the gulf. as a journalist and katherine bergs, the city in rushes utilized were evan gosh, college was arrested. you says the wall street journal reporter was looking into several stories in connection with russia's mil

maria: nick timarose from the wall street journal.with jonathan ward on china, next. for safe driving with liberty mutual. they customize your car insurance. so you only pay for what you need! whoo! we gotta go again. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ (vo) sail through the heart of historic cities and unforgettable scenery with viking. unpack once and get closer to iconic landmarks, local life and cultural treasures. because when you experience europe on a viking longship, you'll spend less time getting there and more time being there. viking. exploring the world in comfort. ( ♪ ) the future is here. we've been creating it for more than 100 years, putting the most advanced technology into people's hands. generation after generation. tool after tool. again and again. bringing you the broadest and most reliable network of service dealers. always moving forward. we lead. others follow. there are some things that go better... together. like your workplace benefits... and retirement savings. with voya, con

why so i'm not just saying wall street was because the way the financial system is set up is that major street banks are what's called primary dealers for u.s. treasury debt. government issues. it goes through wall street banks that are on the sort of private dealer like sort of a lee group and then they sell those bonds on to rest of the world, to china, to pension funds, to whomever wants to buy a government bond. fewer people today than before. but we also have a lot of debt with $1 trillion in debt versus 9 trillion right before the financial crisis. so our debts tripled, but that the fed pays money to, get those bonds out of onto its balance sheet that's part of that four and a half trillion dollars that was created. any accountability responsibility or even knowledge of where that money then goes. and we know it's gone into the markets and not the real economy. so so there are two problems going on. they weren't existent in the seventies, and some of that is one problem that, you know, could have been created and discussed, which is what do we do with our tax system in order to ha

when i got on wall street it wasn't that way. >> yeah, well look. over the long term, the markets are brutally efficient and you don't have to listen to the experts, you just follow the fundamentals. what was very clear in january is you have a lot of short cover ing and people were not positioned right and the absolute wrong kind of stock s went up, but going forward, i think it'll be very e galatarian, between growth and value, but quality will way outperform lack of quality and balance sheets in an era of rising and high interest rates and a reasonably slow economy, you're not going to want to have companies with a lot of debt, so quality both growth and value, and balance sheets not reliance on debt, and think over the next 24 months and you'll do just fine. charles: love it, jim, thank you very much my friend talk to you again real soon. folks coming up, is it time for the biden administration to crackdown? did anyone tell them about the spike in girl scout cookies? someone is price gouging we'll talk about that later in the show but first, opt

it's just i was looking at the just looking at the wall street journal. obviously studying that the paper was printed before this happened, but yeah street journal, saying that that the wall street journal is deeply concerned for the safety of mr gersh covic, it said, so we're going to continue on and talk about all of that. questions of the details of this. we are going to start with this breaking news that it's coming out of russia just moments ago. now that the russians have arrested an american wall street journal reporter accusing him of espionage. russia's federal security service, which is formerly the kgb is now claiming that evan gersh garbage was quote spying in the interest of the american government and trying to obtain secret information. cnn's matthew chance is live in moscow, matthew what? this is just breaking a few moments ago. what are we hearing about the details ? of course, according to russia about what happened here? yeah it's just breaking now because it's only in the last hour or so that the russian authorities, the fsb, the forme

in the wall street journal. i mean that there are no different to the sort of things that we've all been doing looking at. you know how the special military operation in ukraine as russia calls it is going down with the russian population. but the foreign ministry here in russia says that the things that he was doing had nothing to do with journalism. so they're standing by. at this point there. arrest matthew chance joining us from moscow this morning, matthew. thank you very much. and joining us now is former cnn moscow bureau chief jill dougherty, who is now an adjunct professor at georgetown university. jill good morning and thank you for being here. i think the context here is really important because you heard matthew saying there something like this has not happened with the u. s journalist since 1986 when that happened in 1986, that was nick daniel off had been arrested, and at the time, he essentially said he believed it was a tip for tat because a soviet citizen had been arrested. he believed he was ar

we'll talk to our wall street correspondents. also on our show travel chaos and germany as public workers walk out in one of the biggest strikes in decades. welcome to our show. we begin in the u. s. where regulators are suing crypto currency exchange, giant finance, which they said ran a legal crypto currency based trades with us investors and a sham compliance program. company founder john peng, joe and former chief compliance officer, samuel lim. we're also named in the suit us government accuses by nancy encouraging you as customers to open accounts without verifying their identity and allowing them to communicate with the company, the messenger service that then deleted all chat records. in a written statement, finance said the suit was disappointing, but promised to continue to work with regulators that day as a managing editor at coin desk, which covers the crypto currency industry. nick, american regulators going after the world's largest crypto exchange and it's founder as someone who covers this industry. how surprised

the city, austria, and wall street. thank you. let's go now to some of the other global business stories making headlines. saudi national bank chairman amaral dairy, has resigned in the wake of his comments. he made about credit suisse, awkward airy, had said his bank would not raise at stake in the then embattled lender adding to its slump and shares. a saudi national bank was the largest single shareholder of credit suisse before its sale, the fellow swiss lender. yes. when china's best known tycoon jack mom has returned to china to visit a high school and hung jo, that's according to the south china morning post mar the co founder of tech giant ali baba and fintech group ant vanished from public view. after criticizing state banks in 2020, his disappearance was seen as part of a broader state crack down on private business. israel's largest trade union group triggered a general strike on monday, across a broad swath of sectors, hooting, health, transit, and banking. as part of broader protests in the country, the action was aim

what we do know is that this was the correspondent for wall street journal that moscow bureau of wall street journal. and according to the statement by russia federal security service, he was detained in the city of the board while he was signed to obtain secret information. since then, they've opened the criminal case against them on charges of espionage. now if he's convicted on those charges who could face up to 20 years in prison, but they're still a long time before that. there are so many question marks regarding this case, how it happened, what sort of secret information was he trying to obtain? because we do know that it relates to one of the enterprises of the russian military industrial complex. but we don't have any more details. we know that he's 32 years old. he's previously worked for the moscow times. agents, friends press. and he's the main topic seems to be russia, ukraine, and former soviet union state. so that's a specialty. and he was in the city of, you could see the board for a few days. we don't know many details about his activities, but obviously it was being

you mentioned that the wall street journal. they have categorically denied vehemently denied the allegations against him and have called for his immediate release, but the foreign ministry has issued a statement. their spokesman, marie marie, is a harvard saying that there is no question that the activities and i'm paraphrasing here. the activities of evan gosh, covic, we're not compatible with nothing to do as she said with journalism, so the russians are standing by this arrest right now. yeah well, a lot more to be learned about this. especially from the u. s side of this. did you know him and have you run into him on assignment at all since you're both in russia? i would like, you know, i didn't know him personally, but his name very well. i mean, he's a very prominent journalist in russia because he's been working not just for the wall street journal, but for the french news agency for a long time, and before that for the moscow times, which is an english language newspaper here, so i've been reading his bylines of for man

he has pleaded not guilty and is an employee of the wall street journal. they are to manning his immediate release. is the first time an american reporter has been detained in russia as an alleged spy since the cold war. washington is advising u.s. citizens to leave. >> guards at a moscow court bundled evan out of the building following his brief appearance. the 31-year-old pleaded not guilty to spying charges. exactly what he is alleged to have done it remains unclear. his lawyer says he was not even allowed in the courtroom. >> i can't say anything because i have not seen the charges filed against him. i'm convinced my client could have only acted legally. >> he was arrested hundreds of kilometers from moscow in the city. he is believed to have been working on a story about local attitudes to the war in ukraine. russian authorities claim he was acting on behalf of the u.s. to access state secrets. under the guise of journalistic activities, a journalistic visa and accreditation, judging by the investigative measures taken against him, he was engaged in c

el diario the wall street journal niega las acusaciones y pidiÓ la liberaciÓn inmediata del confiableurre meses despuÉs del sonado cambio de prisioneros entre estados unidos y rusia en donde una basquetbolista estadounidense fue liberada a cambio de la liberaciÓn de un traficante de armas ruso detenido en estados unidos. >>> es condenable que detengan a un periodista prestigioso del wall street journal, debe ser liberado inmediatamente. >>> el senador bob menÉndez hablÓ con josÉ dÍaz balart y dijo que harÁn todo lo posible para conseguir la libertad de este periodista ya que consideran de inaceptable. obviamente seguiremos pendientes de esta noticia para ver quÉ ocurre. >>> interesantes palabras de bob menÉndez con nuestro compaÑero josÉ dÍaz balart. y bueno dos helicÓpteros chocaron durante un ejercicio rutinario al oeste de fort campbell. las vÍctimas son parte de esa base militar, la Única de asalto aÉreo del ejÉrcito. >>> se conocen nuevos detalles de la autora de la masacre en un colegio en nashville. >>> y nueva temporada y nuevas reglas en la mlb, hablaremos de reglas en la mlb

cheryl: let's walk through the case, the wall street journal says the trump indictment is far from anpen and shut case, the main weakness in the entire case brought by alvin bragg is fact l wall. -- factual, your take. >> as a former prosecutor, as a former fbi agent who ran p criminal investigations for the bureau, you look at several different things. one, resources being used to investigate a case like this when there are violent criminals running all over new york, running amuck and the ethics of bringing a case that is based on a person who is a bigger liar than alex murdaugh and the weakness of the case and the existence of what we call exculpatory evidence. what this amounts to is an unethical prosecution. as district attorneys you across the country have tremendous power but they have an obligation and responsibility by the cannon of ethics that governs their you law license to exercise that responsibility professioprofessionally and ethd only act when you have specific evidence to bring a case. cheryl: the indi indictment hat been unsealed so we don't know the specific charge

nasdaq is up by three points this is ahead of what we are calling wall street's lucky 13 and the four major events that will likely hold the key to the markets next move. kicking off tomorrow is jay powell and the two-day testimony on capitol hill. this comes after friday's jobs report after the latest read on the consumer prices on the 14th. on march 22nd, the fed has the policy decision. the fed testimony and february jobs report and cpi and fmoc in 13 days. the data looking at 50 basis point hike over 25 hike in january. you see the set up here. january 6th, the probability of the moves happening has market edly so. we see the 10-year treasury at 3.9% the 30-year is 4.4.86 west texas crude is down just a bit compared to the end of last week in crypto, bitcoin and ethereum trying to find more upside traction they are not getting it this morning. bitcoin is flat. still be lose 23,000 .25% decline for ethereum. >>> let's get a check of the trade in europe with julianna tatelbaum who is standing by in the london newsroom with the latest good morning, julianna >> good morning, dom here

jeremy the wall street journal, released a statement pushing back on this very hard says the wall street journal is deeply concerned for the safety of mr covic. let's say the fact here russia's track record on these kinds of allegations is lousy does not inspire confidence. they often trump up charges or manufacturer charges like this. how are us officials responding to this now? yeah that's right, jim. we don't yet have an official reaction from the white house or the state department will bring you that statement as soon as we get it, but what i can tell you is that white house officials and state department officials are currently working to get all kinds of information about this situation. in fact, to u. s officials told our colleague kylie atwood that state department officials began tracking this case yesterday before news of evans arrest actually became public and we do know that this is obviously something that's going to become a top priority for the white house to secure evan gorshkov itches released we have seen in the past how the white house has worked to secure the release

wall street is bearish all year long.uts through the roof, vix calls through the roof but you know, what i'm not understanding is, why do think insist that the market has got to break right here? >> because four -- fear of gigantic recession there is belief around wall street, every bank is in the cam that the fed can't fix this, and we'll get a real calamity and market will fall on it its face. that is where we're stuck right now. charles: jay powell will get grilled on capitol hill. it will be a speck at that kel. we know that. what do you expect to hear from him? he says? >> the reality is right now he has got to be very careful because january proved that the data was significantly strong, much more than anybody expected so that puts him in a tough spot. that puts him in a scenario where he says the wrong thing, it will spiral one way or the other. he doesn't want that. he has to be very pragmatic what he says. if he is too optimistic we'll roar much higher and we shouldn't. if he is too pessimistic we'll get a bear m

"wall street journal" writes concern in the "wall street journal" writes about the san francisco federaleserve, she, mary e daley and her amendment the, have focused more time of late focused on hypothetical climate risk. what woke overseer wants to clamp down on the karling of clean techbacking as that's the directive coming out of the white house? but now the speculation moves to the upcoming meeting next week. >> right. maria: so what is the federal reserve going to do when they meet tuesday and wednesday? do they keep on this path of fighting inflation with higher interest rates? we're expecting a 5 basis point -- 25 basis point highing on wednesday, or do they instead try to stabilize financial markets and say no rate hikes right now, we've got to be in the business of financial stability? >> powell has gone kind of back and forth on that, so you can't be sure. but i would say, you know, if i were advising them, i'd say they've indicated that inflation is their primary goal, to bring that back down. if they go forward, i'd say they should raise their rates 25 basis points and reassu

you are out front about how important that debt ceiling is to the wall street players, how was wall streetponding? sonali: the positioning against the debt ceiling and for president biden to come out so strongly, there is anxiety already going into the summer about the debt ceiling itself but the wrangling going on around it and the longer-term issue beyond the debt ceiling, the idea that the net interest payments are set to quadruple through 2050 anyways with an interest rate rising environment. on the tax front, there is a lot of things that president biden had tried to put forth that were wrought back that are now put forward again including variable interest in stronger capital gains taxation. the outlays in terms of they think they will save from each of these measures are interesting. i would include real estate as well which is likely to highlight just to be highly fought especially the attack on oil and gas as well which is suspect to save $31 billion. kriti: something we will keep an eye on, wall street meets washington. thank you both for walking us through that important story.

the wall street journal has probably gone out. well, this accusation is serious gershkovich, and he was in yekaterinburg for several days. and what the fsb was interested in found that he was collecting information about the activities of one of the enterprises russian military-industrial complex on the instructions of the american side, red-handed. of course, what caught him red-handed is talking about a very fine thought out. the work was quite successful, which was carried out by our state security agencies and, of course, yekaterinburg is a specific city and, of course, an object of great interest to the united states because there are a fairly large number of factories that work in ours. the investigation does not indicate what exactly gershkovich tried to sniff out, but to suggest it was not difficult to collect data on the uralvagonzavod, for example, the famous forge of russian tanks. after the intelligence officer under the guise of a journalist has collected information , he transfers it directly to the customer or to th

also coming up a us journalist is arrested in russia on spine charges. evan gush coverage of the wall street journal is the 1st american reporter to be held for espionage since the cold war. the white house is condemned to the wrist. ah, i'm jared read. welcome to the shore. we're going to begin with some breaking news . former us president donald trump is being hit with criminal charges. a manhattan grand jury has voted to indict trump following a probe into hush money paid to a porn star ahead of the 2016 presidential election. trump has called the indictment political persecution and vowed his innocence. his legal team says that they will fight the indictment in court. trump is running to regain the white house in 2024. he is the 1st former us president to ever face criminal charges. we can get the latest now from dw correspondent mikaela costner in washington, mikaela. hi there donald trump has been indicted. what happens now? is he going to be arrested? well, that's the open question, but 1st of all, that indictment is still under an official seal. it's still sealed, but so many sources

the wall street journal denies the allegations china's new premier calls for an asia wide bounce back from the pandemic. the major economic forum and nicholas hawk intercourse capital, senegal work tension, is rising as the trial of us was months. all go is underway. ah, they begin in south africa. well, al jazeera is invest, could have a unit, has uncovered a large scale. money will drink operation. the scheme implicate some of the country's biggest banks of i'm a member of the criminal syndicate, has spoken exclusively to al jazeera and he's all the james has this report. doubt con is a former money launderer. he fears for his life and his speaking exclusively to out there is investigative units from a safe house. he says his role was to forge paperwork to disguise the money laundering as legitimate transactions in the office. we had a strong and in the strong room, rid boxes upon boxes of bank stamps. we had boxes of passports with boxes of id documents. head of the operation is dowd's brother mohammed con. his street name is mo dollars. his financial services firm served as the fr

in a statement, the wall street journal said it vehemently denies the allegations from the fsb and seeks the immediate release of our trusted and dedicated reporter. we stand in solidarity with evan and his family. espionage charges in russia can carry prison sentences of up to 20 years. court has ordered 31 year old gorshkov itch to be initially detained until may. 29th the white house says the state department has been in direct touch with the russian government at any moment. now we expect his attainment to be addressed at the white house press briefing. of course, we will take you there when it begins. evan gives covic is arrest comes as tensions between the united states and russia are already at a high given the war in ukraine. cnn's arlette signs joins us live from the white house and our lead detentions of other americans in the past have led to lengthy negotiations. what are we expecting to hear from the white house today? well beyond and boris president. biden has been briefed on the russian detention of that wall street journal reporter evan gorski, which, but so far we have y

past month can they continue to lead the way or are valuations getting a little stretched >> plus, wall street bonuses taking another hit a big one down 26% from last year we'll talk to new york state's comptroller. first, let's check the markets as we're in the green, hanging on to some gains the nasdaq especially, not the russell, though. >> let's talk about some of the individual movers. we'll start with charles schwab, kelly and tyler. right now, worst performing stock in the s&p 500 down about 6%. due in part to analysts over at morgan stanley who cut their rating on the retail brokerage and bank holding company it's now equal weight. it was overweight tomorrow the target price goes to $68 it was $99 they cited amongst other things less visibility for customer deposit outflows and an increasing regulatory landscape. those shares down 6% also more bad news on the jobs front. roku shares have reversed course and are now marketly lower to the tune of around 4% after gains earlier on they're cutting another 200 jobs or roughly 6% of its workforce the second round of layoffs, the first of whic

sonali, you are our wall street correspondent. let me come with a straight forward question -- what does wall street think right now? i'm looking at my screen and usually that is a good indication. is it? sonali: it is a good indication because the reason the fed stepped in and the first place is the fear of other firms facing strains similar to silicon valley bank or signature as well. these issues are different. the point that mckee is making is important -- the fed would have to could materially to avoid some of the problems burning on the surface of the bank balance sheets. unless powell cuts rates significantly, it does not get rid of the mark to market issue you have on the bond portfolios at all of these firms. you still have the war on deposits across the banking industry. how much restraint as the banking industry actually feel is a really big question that is unanswered. you look at right now in the market, you have in the first republic, for example, where the trading was halted at the top of the 10:00 hour. this was af

. >> all eyes on wall street this morning. the fallout following the collapse of svb and when customers can get full access to their accounts. also, the second bank now impacted. this is "today in the bay," streaming live on roku, xumo, and online. >>> a good monday morning to you. i'm marcus washington. >> laura garcia has the morning off. first, both lanes on 880 in fremont are opened. it was closed yesterday after it flooded. the railroad crossing passes over the freeway and a slide-out carried mud and debris onto the road. commuters had major headaches as northbound and southbound lanes were closed most of sunday while crews suctioned up the mud and water. >> right before the dumbarton exit is just stopped and everybody started merging because they realized we're not moving anywhere, let's just get off. >> this morning there is flooding nearby on the ramp causing problems. we want to check in with mike inouye. you're tracking that issue. what are we talking about? >> let's clarify what you guys just reported. if you're jus

let's go over dns quarter on wall street for more. yeah. and what do we know? what is the by administration pushing here for yes, even into what a difference an administration makes it not that long ago under donald trump actually when some of the stress that for instance, some of the requirements for mid sized bangs, we're dropping them by the way. also with some democratic support. so now biden is looking for higher liquidity extended through some of the bank threats, tests for mid sized bang said what i also find particularly interesting. someone recently healed wall street says it's not your grand bank run any more of what we've seen, for example, with silicon valley bank. so now those stress tests are supposed to take into account high speed, digital withdrawals, and the ability of social media to spread information. so all of that, 1st of all, but also investigated what part of it plate in the recent turmoil and then also how we can deal with the well not your grand parts, but your grand kids background in their month and years took up some more rigor bei