Podcasts about svb

Immad Akhund is a serial entrepreneur and the CEO of Mercury, a FinTech Platform that was in the headlines recently for being the biggest beneficiary of the SVB crisis. In the 6 days after the crash, Mercury took in over $2B in new deposits from companies leaving SVB and raised FDIC insurance from 1 to 3 to $5M in a week.  (0:00) Intro(1:29) Adam Neumann's couch(4:03) No FinTech background(10:51) What is Mercury?(18:37) What does Mercury do?(27:14) Picking partner or sponsor banks(39:57) Uninsured deposits(50:59) What was the impetus for being so clear in your mission statement?(54:50) FDIC Insurance(1:09:35) Convoluted and esoteric US banking system(1:15:43) The day SVB played out(1:20:33) Why would you bank with anyone but JP Morgan?(1:24:30) The idea for Mercury(1:28:14) Will Mercury become a bank?(1:35:02) Tweeting Keith Rabois(1:40:02) Finding product market fit(1:46:31) Having a big network and strong relationshipsMixed and edited: Justin HrabovskyProduced: Rashad AssirExecutive Producer: Josh MachizMusic: Griff Lawson

Techonomics Season 3 continues this week with a special episode deep-diving into Arun's personal experience with Silicon Valley Bank's collapse and it's impact on his startup Model-Prime, and our usual banter on the topic. Find out what it's like to be in the middle of a prisoner's dilemma banking collapse as a founder. Do you keep your funds in SVB or get your funds to make payroll?

In March 2023 Silicon Valley Bank collapsed. It was the second largest banking failure in US history. The regulator, the FDIC, fired the management team and brought in a new person to run the institution while a buyer was found. As the former CEO of Fannie Mae, Tim Mayopoulus has experience of steering a bank through financial turmoil. He speaks to Sam Fenwick about how he steadied the nerves of SVB employees, customers and the global banking sector. Producer/presenter: Sam Fenwick (Photo: Man walking past SVB branch. Credit: Getty Images)

Silicon Valley Bank was found insolvement yesterday and was seized by the FDIC. How did it get to this point though? How did one of the biggest banks in the nation end up in the position that they are now in? Let's dive in and find out.(commercial at 13:21)to contact me:bobbycapucci@protonmail.comsource:Silicon Valley Bank scrambles to reassure clients after 60% stock wipe-out | CNN Businesssource:Bill Ackman: Government should consider SVB bailout | FortuneThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/5003294/advertisement

Welcome back to the latest episode of 'The Deal Room' where I'm joined by our Director of Corporate Finance Stephen Barnett.This week, we use Manchester United as a case study to better understand the roles of the banker, the strategist, and the private equity investor.We also explore the rationale behind why so many prized companies are leaving London for New York and why J.P. Morgan was more than happy to get their hands on First Republic in the wake of the SVB crisis.Free daily newsletter https://bit.ly/3Oeu4WkFree Finance Accelerator simulation https://bit.ly/3GoyV5rConnect with Anthony https://www.linkedin.com/in/anthonycheung10/Connect with Stephen https://www.linkedin.com/in/stephen-barnett-0b8b3337/ Hosted on Acast. See acast.com/privacy for more information.

Silicon Valley Bank was found insolvement yesterday and was seized by the FDIC. How did it get to this point though? How did one of the biggest banks in the nation end up in the position that they are now in? Let's dive in and find out.(commercial at 13:21)to contact me:bobbycapucci@protonmail.comsource:Silicon Valley Bank scrambles to reassure clients after 60% stock wipe-out | CNN Businesssource:Bill Ackman: Government should consider SVB bailout | FortuneThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/5080327/advertisement

0:00 -- Intro.1:30 -- Start of interview.2:12 -- Barrett's "origin story".6:11 -- His start in finance. First in Stone & Youngberg then in Lehman Brothers in SF. His first secondary market transactions in private company stock (Facebook) in 2007.8:54-- His experience working at SVB (internship with wine finance team) and Lehman Brothers (business development).12:10 -- The early days of secondary market transactions for private company stock with SecondMarket, later acquired by Nasdaq in 2015 (now Nasdaq Private Market).14:25 -- His entrepreneurial stint as CEO of Juno Company, a children's educational media company.15:56 -- His VC stint as an advisor with Maveron.17:20 -- On the founding of his firm Scenic Advisement in 2013.18:12 -- History of investment banks in SF helping founders to get liquidity (the Four Horsemen of Silicon Valley's financial community: Alex.Brown, Hambrecht & Quist, Robertson Stephens & Co. and Montgomery Securities underwrote a large number of IPO offerings, both before and during the dotcom boom.)20:36 -- The ethos and vision behind Scenic Advisement. "The opportunity was to build a bank that really was the standard bearer, establishing best practices so that [institutional investors] had a counter-party or a middleman who could speak their language and conversely, the people building great companies had a partner who they could trust, because that partner had empathy: they were ex founders, ex VCs or from the community, not some transactional banker who lives 3,000 miles away and knows nothing of the company but knows that there is a big fee to be had and a league table to be on." "Our plan was to drive hard empathy."24:17 -- On the current state of private markets. "It's been a boom marked by irrational exuberance, and then a correction, as markets do." "But I can tell you, and I do so with great thanks, that the market is thawing and we are starting to see investors come back." "I could have taken all of 2022 off, and from a stress perspective, it would have probably been beneficial, but I just didn't have a crystal ball."27:42 -- On the regulation of unicorns and private markets generally. Going dark speech by SEC Commissioner Lee (Oct 2021).33:08 -- On the Stay Private for Longer ("SPL") advice in Silicon Valley ["The worst advice" per Gurley and Rabois]. "Companies now stay private long. That's it. This is not a trend, it is a market reality at this point." "It's also totally business dependent."37:52 -- The opportunities and challenges for founders, investors and employees in private markets. "The Sequoia move to an evergreen fund structure is a brilliant idea." "The Stripe multi-billion financing was the company being really proactive to options expiry, to ensure that the most important asset at Stripe, the people, are made whole or don't loose the benefit of the bargain (that would be awful for everyone and for morale)." "We are going to see more and more of that." 39:39 -- How companies treat employees vs ex-employees on stock options: "It varies from company to company and from founder to founder. My advice typically is to be egalitarian."41:21 -- On regional differences in tech ecosystems in the US.43:47 -- The impact of the collapse of SVB and First Republic in the SF/Bay Area tech ecosytem. "I believe in diversification. I believe in selling early and often. I want to implore founders and investors to take chips off the table when you can, because you can't always and things go away. People forget that."47:40 -- Thoughts on crypto and digital assets market.49:17 -- Thoughts on Artificial Intelligence (AI) market. "It's the next major wave. Unlike crypto and digital assets, this is not a fad."51:05 --  The books that have greatly influenced his life: Everything by Philip Roth.Exodus, by Leon Uris (1958)Everything is Illuminated, by Jonathan Safran Foer (2002)51:38 -- His mentors, and what he learned from them: the most impactful mentor for him has been his mother.52:58 --  Quotes he thinks of often or lives his life by: "Have hard conversations early and often." "Empathy is a very important tool even when delivering difficult messages."53:25 --   An unusual habit or an absurd thing that he loves: sneaker collection and tequila ("it's like love in a bottle").58:14 --   The person he most admires: entrepreneurs.Barrett Cohn is the CEO and co-founder of Scenic Advisement, a San Francisco based investment bank specializing in servicing the liquidity needs of high growth, late-stage technology companies, their investors, and founders. __ You can follow Evan on social media at:Twitter: @evanepsteinLinkedIn: https://www.linkedin.com/in/epsteinevan/ Substack: https://evanepstein.substack.com/__Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License

Silicon Valley Bank was a titan in the financial sector for past 40 years that saw them involved in financing of some of the biggest start ups in the business and it only took 48 hours for it all to come tumbling down. So, how could this happen? Let's dive in and see what's up!(commercial at 10:43)to contact me:bobbycapucci@protonmail.comsource:Silicon Valley Bank collapse: How it happened (cnbc.com)This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/5080327/advertisement

Silicon Valley Bank was a titan in the financial sector for past 40 years that saw them involved in financing of some of the biggest start ups in the business and it only took 48 hours for it all to come tumbling down. So, how could this happen? Let's dive in and see what's up!(commercial at 10:43)to contact me:bobbycapucci@protonmail.comsource:Silicon Valley Bank collapse: How it happened (cnbc.com)This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/5003294/advertisement

Two-time authors, Meredith Sandland and Carl Orsbourn, join Restaurants Reinvented for the second time!Hear their predictions about the next big restaurant concept > the digitally native restaurant and key snips from their new book “The Path to Digital Maturity.” Moments to listen for:The key phases in the path to digital maturityHow to better drive first-party data ownershipThe next new concept category to hit restaurants SVB's influence on the startup tech sceneImproving efficiency through AIInnovative approaches to off-prem dining through ghost kitchensRelated Episodes:Delivering the Digital Restaurant – Meredith Sandland & Carl OrsbournMastering the Digital Dance – Michael Chachula, CIO, Fat BrandsAI Inside & Outside the Four Walls – Phil Crawford, CKERelated Assets:8 Digital Trends Shaping 2023The Path to Digital MaturityConnect with Meredith & Carl on LinkedIn

There's a lot going on in the world today, and one of the Canadians who has been plugged into the pulse of Ottawa, Venture Capital, and Banking is our guest, Mark McQueen, Founder of Wellington Growth Partners and former President of CIBC Innovation Banking.We had a great conversation about what's happening in Canada and globally in the markets, and how we should think about events as entrepreneurs and investors.About Mark McQueen:Mark McQueen is the Founder of Wellington Growth Partners, a family office and Angel Fund. He led the growth of Wellington Financial LP, a venture debt fund, from conception in 2000 to the firm's acquisition by CIBC in January 2018. He became President of CIBC Innovation Banking until his recent decision to leave the firm in 2022. Prior to his time in finance and banking, he served in Ottawa in various advisory roles to the Treasury Board and Prime Minister, Brian Mulroney.Mark started working as a professional news photographer in High School. By the time he was 16, his photographs had appeared in such publications as Time Magazine, The Globe & Mail, and The Toronto Star. He received his bachelor's from Western University.In this episode we discuss:(00:01:30) Mark's life journey that got him here today(00:03:13) Lessons he learned from his Father Rod McQueen(00:05:18) Mark's time as a photographer(00:06:46) Working in government out of school(00:10:16) Why meeting in person can give a lot of context to who someone is(00:11:34) Jumping into banking instead of getting an MBA(00:13:20) The importance of service in banking(00:14:35) What his training was as a banker and how he views the markets(00:17:25) The importance of doing what the work requires(00:21:02) Raising his first fund in 2000(00:23:27) On choosing the name Wellington (twice)(00:25:27) Surviving the Global Financial Crisis in 2008(00:30:22) Growing his loan book 10x after being acquired by CIBC(00:31:13) How the market has evolved over Mark's career(00:33:42) The reason behind the SVB implosion(00:36:42) Why the Canadian VC market is so much smaller than the US(00:41:36) Reasons why mining and real estate companies are easier to fund in Canada(00:45:45) Why Canadians seem fine with medium-sized exits(00:48:21) The crisis of small-cap companies de-listing(00:50:09) Has the venture industry left him jaded?(00:51:34) Will Mark return to politics, as some have urged?(00:54:29) On his love for Pearl Jam(00:58:33) The farthest he's travelled to see the band(01:00:45) How he spends his days nowFast Favorites:*

In this episode Sal, Adam & Justin have an in-depth conversation with attorney, banker and real estate investor Chris Naghibi about the state of banks and the economy. Chris's “lazy moron” journey into the career he has now. (1:58) What role do ‘rules & regulations' play in some of these economic crises? (17:57) Successful, but not stress-tested. (25:44) What is a “run on the bank” and why is it so dangerous? (32:00) Inflation's comparison to losing body fat. (44:16) Why in order to win you have to be an extremist. (48:38) The impacts of institutional buying. (51:38) His thoughts on long/short-term leases. (57:35) How do these interest rate hikes affect banks? (1:03:58) Playing ‘political chicken' with the debt ceiling. (1:07:05) Going down the rabbit hole on the future of digital currency. (1:13:02) How retail traders influence the market. (1:18:45) In order to create, we must destroy. The impact of A.I. (1:21:17) Where can you put your money, earn the most, and spend the least? (1:31:50) We are now trying to find ways to give people opportunities they didn't earn. (1:35:40) Changing your idea of investing. (1:39:37) The impacts of hybrid work for society. (1:44:09) Lessons learned from underwriting the wealthy. (1:51:22) DO NOT confuse net worth with success. (2:03:46) How does he wrestle with how his kid will inherit money? (2:08:19) Related Links/Products Mentioned On June 3rd and 4th, the Nutritional Coaching Institute is bringing back their Weekend Level 1 Certification where you'll have the ability to obtain all the course materials over two days so you can get ahead and start earning money twice as fast! LAUNCH SPECIAL: MAPS Bands, Retail for $97, with $30 off during the launch. The public price is $67. Includes 2 E-Books: Bonus #1: Ultimate Bodyweight Training Guide (Retail: $47), Bonus #2: Quick Meals for Health; Fitness (Retail: $47). Money back guarantee, Ends Sunday, May 28th. **Coupon Code BANDS30 at checkout** May Promotion: MAPS Prime or MAPS Prime Pro or the Prime Bundle 50% off! **Code MAY50 at checkout** Welcome To The Higher Standard Forget luxury goods, US shoppers are now using buy-now-pay-later services to pay for groceries SVB collapse: Peter Thiel's role scrutinized as spark of bank run Fractional Reserve Banking: What It Is and How It Works Retail Traders Are Making Risky Bets on Regional Bank Stocks Is the Market Right to Be Concerned About Regional Bank Exposure to Commercial Real Estate? Housing Market Shifts Are Pushing Out the Biggest US Home Buyers Biden and McCarthy say debt limit meeting was productive but it ends without a deal JRE#1980-Michio Kaku No, Biden isn't forcing homebuyers with good credit to pay more than borrowers with bad credit Die With Zero: Getting All You Can from Your Money and Your Life – Book by Bill Perkins Mind Pump Podcast – YouTube Mind Pump Free Resources Featured Guest/People Mentioned Christopher M. Naghibi (@chrisnaghibi) Instagram Saied M. Omar (@saiedm.omar) Instagram  

Tarang Gupta hosts Michele Alt, Co-Founder & Partner, and Jonah Crane, Partner at Klaros Group. Klaros is an advisory and investment firm at the intersection of innovation, financial services, and regulation. In this episode you will hear about: - Sneak peak into the policy making process - Advising fintechs dealing with regulatory uncertainty - Potential M&A opportunities arising from economic downturn - What led to the failure of SVB and its impact on banking and fintech - Their opinion on the resilience of the US economy And much more! About Michele Alt Michele is a Co-Founder and Partner at the Klaros Group and she advises fintech clients on their banking and regulatory strategies by drawing on her prior experience at the Promontory Financial Group and as a senior legal official at the U.S. Office of the Comptroller of the Currency. About Jonah Crane Jonah is a Partner at the Klaros Group and he advises on business and product strategy, regulatory and compliance risk, and regulatory engagement. He has helped neobanks, infrastructure providers, crypto companies, and banks navigate complex regulatory frameworks. Jonah served as a Senior Advisor and Deputy Assistant Secretary in the U.S. Treasury Department, and as advisor to U.S. Senator Chuck Schumer. About Klaros Group Klaros Group is an advisory and investment business focused on the future of financial services. They combine business know-how and deep regulatory expertise to help financial innovators and incumbents navigate financial services regulation while building business scale and momentum. For more FinTech insights, follow us on WFT Medium: medium.com/wharton-fintech WFT Twitter: twitter.com/whartonfintech WFT Instagram: instagram.com/whartonfintech Tarang's Twitter: twitter.com/tg_tarang Tarang's LinkedIn: linkedin.com/in/taranggupta100

On episode 93 of The Compound and Friends, Michael Batnick and Downtown Josh Brown are joined by Chris Davis and Morgan Housel to discuss the big wave of AI coming, the most important chart in the stock market, SVB insiders facing scrutiny, the worst startup investment ever, and much more!Thanks to Kraneshares for sponsoring this episode. For more information on KLIP, visit: https://kraneshares.com/klip/#Check out the latest in financial blogger fashion at The Compound shop: https://www.idontshop.comInvesting involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management.Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here https://ritholtzwealth.com/advertising-disclaimers. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information.Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here:https://ritholtzwealth.com/podcast-youtube-disclosures/ Hosted on Acast. See acast.com/privacy for more information.

A Senate hearing on recent bank failures turned into a prickly confrontation between bank executives and lawmakers. Former leadership for Silicon Valley, Signature, and First Republic Banks were hammered by lawmakers about why their banks collapsed. And there wasn't a lot of agreement on the cause. Bank executives blamed the government and the media, while lawmakers blamed mismanagement and greed.   Hi, I'm Kathy Fettke and this is Real Estate News for Investors. Please remember to subscribe to this podcast and leave us a review.   Silicon Valley Bank made the biggest splash as the first bank to fall with about $210 billion in assets. Signature bank had about $110 billion when it was seized by regulators. They were the third and fourth largest banks in the U.S. so their failures raised huge concerns about the impact on the entire financial system. First Republic went south and teetered for a few months after it lost billions in deposits, and was largely taken over by JPMorgan.   SVB CEO Blamed a Series of “Unprecedented Events”   In a joint session before the Senate Banking Committee, former Silicon Valley Bank CEO Greg Becker pointed a finger at the federal government, saying the bank's failure was the result of a series of “unprecedented events.” He testified that: “With near zero-percent interest rates and the largest government sponsored economic stimulus in history, more than $5 trillion in new deposits flooded into commercial banks. By the end of 2020, SBV had grown 63 percent over the prior year, and in 2021, SVB's assets grew another 83 percent to $212 billion.” (1)   He also pointed out that during the pandemic, when inflation started to become an issue, the Federal Reserve insisted that inflation was “transitory” and that interest rates would remain low.   Massive Bank Run at SVB   The bank's collapse largely happened after a decision to invest more than half of the bank's loan portfolio into fixed-income Treasury securities, when interest rates were low. They are considered “low risk” but they are also impacted by interest rate hikes. When interest rates blew up to fight inflation, the value of SVB's portfolio shrank and that forced the bank to sell at a $2 billion loss. When news spread about the bank's situation, depositors became concerned about accessing their funds and the bank experienced a massive bank run.    Media Misconceptions   Becker also blamed the media for comparing the March 8th failure of Silvergate Bank to Silicon Valley Bank. He told lawmakers that the two banks had completely different business models, and said: “Rumors and misconceptions quickly spread online, culminating on March 9th with the first-ever social media bank run leading to more than $42 billion in deposits being withdrawn from SVB in 10 hours, or $1 million every second.”   Two More Dominoes to Fall   Former Signature Bank Chairman Scott Shay was miffed that his bank was seized by New York State regulators on March 12th. He insisted that the bank would have survived that bank run. He argued: “We were at all times solvent and well-capitalized, and even with the sale of our available-for-sale securities, we still would have remained well capitalized.”   Former First Republic CEO Mike Roffler also blamed social media and news stories for inciting panic among depositors along with technology that allows for fast-paced digital withdrawals. Roffler told lawmakers: “The contagion spread very quickly and panic is very hard to control.” (2)   Lawmakers Blame Mismanagement, Greed   But lawmakers also took the conversation in a different direction, criticizing bank leaders for millions of dollars in bonuses and personal stock sales ahead of the failures. Senator Sherrod Brown ripped into Becker saying: “Workers face consequences, executives ride off into the sunset. Only in corporate boardrooms can you run your business into the ground, take the whole economy along with you and come out ahead. We can't let that happen again.”   Some lawmakers said that bank executives could have reduced the risk by hedging their portfolios, but that they, instead, placed profits ahead of safety. As explained in a Washington Post article, Silicon Valley Bank had financed short-term liabilities with long-term debt. It seemed like a no-brainer when interest rates were low, and to be fair, there was a lot of talk about interest rates remaining low for a very long time. But when the Fed started hiking rates, the value of those Treasurys went down. Lawmakers say the bank could have swapped those longer-term notes for one with shorter-terms that match the duration of the bank's liabilities. But they say the banks didn't do that because it would have been more expensive. (3)   Sharp Words from Some Senators   The session became downright nasty at times. Senator John Kenney of Louisiana had sharp words for what he called SVB's “stupidity.” He told Becker: “You made a really stupid bet that went bad, didn't ya? And the taxpayers of America had to pick up the tab for your stupidity, didn't they?” (4)   He continued saying: “No, this wasn't unprecedented. This was bone-deep, down-to-the-marrow stupid. You put all your eggs in one basket and unless you lived on the International Space Station you could see that interest rates were rising and that you weren't hedged.”   Let's hope we've seen the last of this kind of banking madness. You can read more about this by following links in the show notes at newsforinvestors.com.    I always encourage listeners to hedge their own financial empire with real estate. You can learn how to invest in rental properties at RealWealth. Becoming a member is free and will give you access to all our educational material as well as our investor portal with valuable data on rental markets, sample properties, and help from our investment counselors who can answer your questions. Just hit the “Join for Free” button.   And please remember to subscribe to this podcast!    Thanks for listening! Kathy Fettke   If you're a RealWealth member, just sign into the portal and look for DealCheck under the Resources tab. If you aren't a member, it's free and easy to sign up. And, please remember to subscribe to this podcast!   Thanks for listening! Kathy    Links:   1 - https://commercialobserver.com/2023/05/svb-signature-ceos-blame-federal-govt-media-bank-failures/   2 - https://www.forbes.com/sites/dereksaul/2023/05/17/lawmaker-blasts-first-republic-chief-you-were-one-of-3-worst-run-banks-in-us/?sh=256ad3e18d07   3 - https://www.washingtonpost.com/business/2023/03/15/svb-s-fateful-mistake-could-be-lurking-in-your-401-k/0f139944-c31b-11ed-82a7-6a87555c1878_story.html 4 - https://www.cnn.com/2023/05/17/investing/premarket-stocks-trading/index.html

Hello, and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.This week Mary Ann, Becca, and Alex gathered to chew through the biggest news of the week. Here's what the gang got into today:Vice goes bankrupt: Now is not a great time for media companies. The advertising market is in the toilet, layoffs are rampant, and the end of Vice is like a cherry atop a trash sundae. Mary Ann points out during the show that some operational difficulties were at play at the company. Here's a real unicorn death for us to stare at.Deal Dive: AI. AI coaching. AI human relationship coaching? It's a thing, and whether or not it is the future, we have questions.Freshly-Nestle: How often do you see a venture firm sue an acquirer? Not very often. We dig into the what and why of the Freshly suit.Why is Musk buying other companies? What do you do if you buy a company and fire most of its staff? You buy a tech jobs platform, it turns out.NewLimit and the limits of life: NewLimit is a company that Alex likes. Why? Because he doesn't want to die before he can go to space. Mary Ann and Becca noted that the company's setup is more than non-traditional. For NewLimit, the proof will be in the pudding.What's ahead for venture debt? Becca's work on the venture debt landscape has been critical reading since the SVB crisis unfolded earlier this year. Her latest venture survey helped us understand where founders will be hunting up capital in the back half of 2023 and beyond.

Be greedy when others are fearful. Has the mighty recession arrived?What are corporate earnings signaling? What is the consumer telling us? Inflation and Federal Reserve idiocy. How the business media keeps misleading investors. Retirement funding crisis. ESG investing is for losers.Get ready…Your electricity bill is going to skyrocket. The EPA's new rules are going to smack Americans hard. Inflation!! What my crystal ball tells me about AI. SVB and the blame game.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/3513064/advertisement

SVB and the blame game.Silicon Valley Bank's CEO points fingers everywhere but himself in his testimony in front of Congress.www.watchdogonwallstreet.comThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/3513064/advertisement

Greg Baer, the president and CEO of the Bank Policy Institute, takes issue with claims that S. 2155 played a role in the collapse of three regional banks. He also tackles what areas policymakers should look at, whether Congress is likely to enact any legislative changes directed at banks, and why the CFPB is off base when it comes to its proposal targeting credit card late fees.

The Biden administration has no comment one day after special counsel John Durham revealed the Hillary Clinton campaign attempted to vilify Donald Trump by linking him to Russia. Officials pushed this Russia hoax for years, and NOW they feel they shouldn't comment?! Speaking of people who should not comment, John Fetterman leaves a witness speechless after asking incoherent questions at a Senate hearing about the mismanagement at Silicon Valley Bank. We ask the questions Fetterman should have asked in the wake of the SVB meltdown. Elon Musk defends his tweets. And TV Producer Adler tries to redecorate the studio — and the rest of the crew hate it. Learn more about your ad choices. Visit megaphone.fm/adchoices

President Biden & Congressional leaders meet again about the debt ceiling deadline, Senate hearing with former SVB & Signature Bank executives on their banks' failures, interview with Washington Post's Cat Zakrzewski on a Senate hearing with the CEO of Open AI, maker of ChapGPT, on artificial intelligence risks (36). Learn more about your ad choices. Visit megaphone.fm/adchoices

The boss of SVB has criticised the Federal Reserve, saying the Fed's messaging on interest rates and inflation being transitory sent out wrong ideas. We ask Gary Dugan of Dalma Capital, what he makes of this. Plus, Corporate tax registration is open - we find out how to do it properly with tax expert Shiv Mahalingham. And, 80% recruiters say they prefer hiring people with a gaming background. Abdulrahman Al Hazimi, Partner Manager at YouTube, who carried out the survey joined us to explain the results. See omnystudio.com/listener for privacy information.

Full Hour | In today's second hour, Dom welcomes in famed comedian and political commentator Bill Maher back onto the Dom Giordano Program for a broad discussion on the state of politics. First, Dom and Maher discuss woke ideology and the changing dynamics of politics, with Maher pointing out the ridiculous nature of the climate that has led to the silencing of very important conversations. Then, Maher and Giordano discuss how this has shifted the commentator's audience on his Real Time with Bill Maher HBO show, with more conservatives and moderates tuning in to hear a grounded liberal opinion, rather than one tangled in wokeness and political correctness. Maher stresses the importance of a society that can gather under one roof and have a beneficial conversation, explaining the detrimental nature of what have become silos and echo chambers for discussion. After that, Maher and Giordano delve into the issue of transgenderism, with Maher explaining how he handles the issue, also telling how this issue exemplifies the divide between classic liberals and woke progressives of the far Left. Then, Dom asks Maher whether he believes there's anybody who is completely “un-cancelable,” with Maher laying forth the different degrees of cancelled celebrities, theorizing why certain people are able to push through it while others fall out of relevancy. Then, Dom continues on with the Dom Giordano Program by telling of a new tweet by JK Rowling pushing back against continued cancel culture due to her alleged anti-LGBT rhetoric in her works. This leads Dom to tell that Riley Gaines continues her trend of calling out women's athletes for their silence on the issue of transgendered individuals compete in women's sports. Then, Dom plays back clips from John Fetterman speaking at today's Senate hearing into SVB. Also, in Dan Time with Dom, Producer Dan gives a couple concerts coming up in the Philadelphia region worth looking forward to.

He gave up a staggeringly successful career to live a quiet life -- and now he shares his wisdom with us. Murali Neelakantan joins Amit Varma in episode 329 of The Seen and the Unseen to talk about the life he has lived and the lessons he has learnt. (FOR FULL LINKED SHOW NOTES, GO TO SEENUNSEEN.IN.) Also check out: 1. Murali Neelankantan on Twitter and LinkedIn. 2. An Idea of a Law School -- NR Madhava Menon, Murali Neelakantan and Sumeet Malik. 3. Akshaya Mukul and the Life of Agyeya -- Episode 324 of The Seen and the Unseen. 4. The Life and Times of Shanta Gokhale — Episode 311 of The Seen and the Unseen. 5. Wanting — Luke Burgis. 6. It is immoral to have children. Here's why — Amit Varma. 7. The Loneliness of the Indian Woman — Episode 259 of The Seen and the Unseen (w Shrayana Bhattacharya). 8. The Life and Times of Mrinal Pande — Episode 263 of The Seen and the Unseen. 9. Sara Rai Inhales Literature — Episode 255 of The Seen and the Unseen. 10. Casino Royale -- Martin Campbell. 11. Schrödinger's cat. 12. Dance Dance For the Halva Waala — Episode 294 of The Seen and the Unseen (w Jai Arjun Singh and Subrat Mohanty). 13. Right to Education: Just another law -- Meera Neelakantan. 14. The Life and Times of Abhinandan Sekhri — Episode 254 of The Seen and the Unseen. 15. The Forgotten Greatness of PV Narasimha Rao — Episode 283 of The Seen and the Unseen (w Vinay Sitapati). 16. The Prem Panicker Files — Episode 217 of The Seen and the Unseen (w Prem Panicker). 17. Major Navneet Vats SM. 18. Lifespan: Why We Age – and Why We Don't Have To — David Sinclair. 19. The Lifespan Podcast by David Sinclair. 20. The Adda at the End of the Universe — Episode 309 of The Seen and the Unseen (w Vikram Sathaye and Roshan Abbas). 21. Loss Aversion. 22. Aandhi -- Gulzar. 23. Nowhere Near -- Yo La Tengo. 24. Dil Hi To Hai Na Sang o Hishat -- Abida Parveen. 25. Ranjish hi Sahi -- Mehdi Hasan. 26. Old Man -- Neil Young. 27. Oscar Wilde on Amazon and Wikipedia. 28. Tum Itna Jo Muskura Rahe Ho -- Jagjit Singh. 29. Bonjour Tristesse -- Françoise Sagan. 30. Everybody Lies — Seth Stephens-Davidowitz. 31. Politics and the Sociopath (2014) — Amit Varma. 32. History of European Morals — WEH Lecky. 33. The Expanding Circle — Peter Singer. 34. Dunbar's number. 35. Rankthings.io by Aella and David. 36. Aella on Twitter and Substack. 37. Ye Humse Na Hoga -- Javed Akhtar. 38. All You Who Sleep Tonight -- Vikram Seth. 39. GCN +. 40. The Gentle Wisdom of Pratap Bhanu Mehta — Episode 300 of The Seen and the Unseen. 41. The Life and Times of Jerry Pinto — Episode 314 of The Seen and the Unseen. 42. SVB, Banking and the State of the Economy -- Episode 323 of The Seen and the Unseen (w Ajay Shah and Mohit Satyanand). 43. Ashutosh Salil and the Challenge of Change -- Episode 312 of The Seen and the Unseen. 44. Laws Against Victimless Crimes Should Be Scrapped — Amit Varma. 45. One Bad Law Goes, but Women Remain Second-Class Citizens — Amit Varma. 46. ये लिबरल आख़िर है कौन? — Episode 37 of Puliyabaazi (w Amit Varma, on Hayek). 47. Elite Imitation in Public Policy — Episode 180 of The Seen and the Unseen (on isomorphic mimicry, with Shruti Rajagopalan and Alex Tabarrok). 48. The Long Road From Neeyat to Neeti — Episode 313 of The Seen and the Unseen (w Pranay Kotasthane and Raghu S Jaitley). 49. Narendra Shenoy and Mr Narendra Shenoy — Episode 250 of The Seen and the Unseen. 50. Restaurant Regulations in India — Episode 18 of The Seen and the Unseen (w Madhu Menon). 51. The Wealth of Nations -- Adam Smith. 52. The Theory of Moral Sentiments — Adam Smith. 53. Humesha Der Kar Deta Hoon Main -- Muneer Niazi. 54. The Economics and Politics of Vaccines — Episode 223 of The Seen and the Unseen (w Ajay Shah). 55. Rustom -- Tinu Suresh Desai on the Nanavati case. 56. Natasha Badhwar Lives the Examined Life — Episode 301 of The Seen and the Unseen. 57. The Nurture Assumption — Judith Rich Harris. 58. Mohit Satyanand on Twitter and Substack. 59. Episodes of The Seen and the Unseen with Mohit Satyanand: 1, 2, 3, 4, 5, 6. 60. Richard Dawkins on unpleasant gods. 61. Pushpesh Pant Feasts on the Buffet of Life -- Episode 326 of The Seen and the Unseen. 62. Three Hundred Verses: Musings on Life, Love and Renunciation -- Bhartrihari. 63. Drug Price Controls -- Episode 29 of The Seen and the Unseen (w Pavan Srinath). 64. The Dark Side of Indian Pharma — Episode 245 of The Seen and the Unseen (w Dinesh Thakur). 65. Bottle of Lies — Katherine Eban. 66. The Truth Pill: The Myth of Drug Regulation in India -- Dinesh Thakur and Prashant Reddy. 67. Fire in the Blood -- Dylan Mohan Gray. 68. New York Stories -- Martin Scorcese, Francis Ford Coppola and Woody Allen. 69. The Ideas of Our Constitution — Episode 164 of The Seen and the Unseen (w Madhav Khosla). 70. Kumārasambhava -- Kalidasa. 71. Quiet: The Power of Introverts in a World That Can't Stop Talking -- Susan Cain. 72. Goodbye, Mr Chips -- Sam Wood. 73. Hitler's SS: Portrait in Evil -- Jim Goddard. 74. What Money Can't Buy -- Michael Sandel. 75. Tum Bilkul Hum Jaise Nikle -- Fehmida Riaz. 76.  Kuchh Log Tumhein Samjhaaenge -- Fehmida Riaz. 77. The Four Quadrants of Conformism — Paul Graham. Check out Amit's online course, The Art of Clear Writing. And subscribe to The India Uncut Newsletter. It's free! Episode art: ‘This is the World' by Simahina.

A doubleheader in DC today with banks and AI under congressional scrutiny. Could anything have prevented the collapse of SVB? And what is the role of regulation in AI? We'll debate both. Plus, one analyst is coming to Sofi's defense after an barrage of bearish calls. He'll join Kelly to make his case. And we're following up with one company disrupting the future of weather forecasting. A look at how its technology could change the way Corporate America does business around the globe.

Alex Konrad of Forbes joins Nick to discuss The Fallout of First Republic and SVB and its Implications on Tech, The Algorithm Behind the Midas List, and Will AI Actually Replace Journalists? . In this episode we cover: What led to the demise of First Republic Bank Venture Capital's response to the Crisis How will the acquisition of First Republic Bank impact investors and venture capitalists How the Midas list is made Differences between the regular Midas list and the Seed list What are the useful use cases for Crypto Is AI coming for people's jobs Guest Links: Twitter LinkedIn Email

This week we talked about media, startup rounds and some Big Money Moves:Stocks are mostly up to start the week while crypto remains within the bounds of its recent trading range. Again.Vice has filed for bankruptcy, again highlighting how hard the media game can be. The company's eventual selling price looks like it will be a fraction's fraction of its once great worth.Foxconn is investing more in India, underscoring how critical it is for major electronics supply chain companies to diversify out of China — and the immense costs involved.Brex took a shot at buying part of SVB's portfolio, TechCrunch reports.Startup rounds: Smart raised $95 million at a slight discount to its 2021-era valuation and M-KOPA secured a pile of equity and debt fundraising.And we closed with the interesting sale of Forbes.Equity will be back on Wednesday and Friday! We'll see you then!For episode transcripts and more, head to Equity's Simplecast website.Equity drops at 7 a.m. PT every Monday, Wednesday and Friday, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. TechCrunch also has a great show on crypto, a show that interviews founders, one that details how our stories come together and more!

0:00 -- Intro.1:41 -- Start of interview.2:58 -- On current market conditions. Impact of interest rate hikes by the Federal Reserve, particularly on banks.3:35 -- The gap between news coverage, what people think is happening and what actually is happening on the ground. The example of First Republic.15:37-- How 'bank runs' have changed. The Meme Run. "A meme is a first impression decision-making instrument."18:43 -- The media/general confusion over regulatory/supervisory agencies overseeing banks. FDIC and the Federal Reserve.20:50 -- On the Federal Reserve's Report on SVB (April 28, 2023). "Capital buffers are a universal antibiotic for all of these problems [but they are costly and represent a trade-off]." The role of the board in considering risks.32:48-- Should risk-management experts for risk-management committees of bank board be mandated? "Sometimes engaged, informed and thoughtful (but non-expert) directors ask the best questions."40:25 -- On executive compensation and incentives of bank executives (in light of the SVB Report). "The lack of a clawback (in this case) for a risk management failure is amiss."45:56 -- On whether short sellers in banks should be curtailed in these market conditions. 52:04 -- On the fate (and crisis) of regional banks. "Regional banks are the heart and soul of the American banking system." "I don't think that it's a good thing that big banks get any bigger." 57:34 -- On JP Morgan's acquisition of First Republic.1:00:24 -- How Silicon Valley will be impacted with the loss of SVB and First Republic. The "Industry Vertical Contagion": failure of banks that serve particular industries. "I don't think there is enough appreciation yet on how catastrophic it would have been to let depositors in the tech industry get wiped out or receive significant hair cuts [on SVB's failure]." "I'm glad that the Fed did the call that they did."1:07:59 -- Banking alternatives given low interest rates paid by banks to depositors. "It's an existential question for the entire industry." "Central bank digital currencies will really move the needle." [The Brazilian Central Bank created Pix, the Brazilian IP scheme that enables its users — people, companies and governmental entities — to send or receive payment transfers in few seconds at any time, including non-business days.]1:13:26 --   The future impact of U.S. fiscal policy and the national debt as it has surpassed $31 trillion (US Debt Ratio to GDP is currently at ~120%)Dan Siciliano is the Vice-Chair of the Federal Home Loan Bank of San Francisco, the Chair of the Silicon Valley Directors' Exchange and the co-founder and CEO of Nikkl, a company that provides capital to unicorn employees.__ You can follow Evan on social media at:Twitter: @evanepsteinLinkedIn: https://www.linkedin.com/in/epsteinevan/ Substack: https://evanepstein.substack.com/__Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License

Pacific Western Bank reported a sharp loss of over 9% of its total deposits last week, trailing the failure of First Republic Bank. We'll discuss what's behind the lingering banking problems. And, over 3 million viewers tuned in to watch CNN's town hall event with former President Donald Trump, proving he's still a ratings magnet. We'll get into the ethical dilemma of the network's decision to put Trump on that stage and what it means for the presidential race ahead. Plus, Saildrones and other superstorm hunting gadgets are giving us a glimpse into uncharted territory. Here’s everything we talked about today: “CNN tops 3 million viewers during Trump Town Hall” from The Hill “CNN's Trump town hall turns into a Trump rally” from Poynter “Dianne Feinstein returns and Democrats advance Biden judicial nominees that had been stalled in committee” from CNN Politics “PacWest Stock Sinks 23% After Disclosing Fresh Deposit Outflow” from The Wall Street Journal “FDIC proposes big banks pay to recover losses in SVB and Signature failures” from Axios “The Hurricane and the Saildrone” from The New York Times “Turning to drones and other instruments to hunt hurricanes” from Marketplace “New blood donation rules allow more gay men to give in US” from AP News It’s our May fundraiser. We need to raise $350K to stay on track for this fiscal year and your gift now can help us reach our goal. Give today.

Pacific Western Bank reported a sharp loss of over 9% of its total deposits last week, trailing the failure of First Republic Bank. We'll discuss what's behind the lingering banking problems. And, over 3 million viewers tuned in to watch CNN's town hall event with former President Donald Trump, proving he's still a ratings magnet. We'll get into the ethical dilemma of the network's decision to put Trump on that stage and what it means for the presidential race ahead. Plus, Saildrones and other superstorm hunting gadgets are giving us a glimpse into uncharted territory. Here’s everything we talked about today: “CNN tops 3 million viewers during Trump Town Hall” from The Hill “CNN's Trump town hall turns into a Trump rally” from Poynter “Dianne Feinstein returns and Democrats advance Biden judicial nominees that had been stalled in committee” from CNN Politics “PacWest Stock Sinks 23% After Disclosing Fresh Deposit Outflow” from The Wall Street Journal “FDIC proposes big banks pay to recover losses in SVB and Signature failures” from Axios “The Hurricane and the Saildrone” from The New York Times “Turning to drones and other instruments to hunt hurricanes” from Marketplace “New blood donation rules allow more gay men to give in US” from AP News It’s our May fundraiser. We need to raise $350K to stay on track for this fiscal year and your gift now can help us reach our goal. Give today.

Just Law co-hosts Tom Blakely and Jim Fiore interview BC Law Liberty Mutual Professor Pat McCoy, who helped found the Federal Consumer Protection Bureau before coming to BC Law, about the collapse of SVB and the growing pressure on other banks.

As AI splits the communications world into winners and dinosaurs, how do you get on the right side? Lulu Cheng Meservey, head of comms for Activision Blizzard and author of the great Substack called Flack, joins Bradley and Cory to discuss the dizzying future of the profession, as well as her take on Silicon Valley Bank's communications failures, TikTok's strategy in DC, and the Biden administration's prep for 2024. And when in doubt, Lulu and Bradley, agree, just ask yourself, What would a car dealership do?[3:47] SVB's communications failures[12:48] What can comms pros learn from car dealerships?[17:45] Analyzing TikTok's approach in DC[22:00] How tech could better frame AI innovations[32:10] Advice for Team Biden leading to 2024[39:25] How comms team should work with their legal teams[42:05] How will ChatGBPT impact the PR industry and comms professionals? This episode was taped at P&T Knitwear at 180 Orchard Street — New York City's only free podcast recording studio.Send us an email with your thoughts on today's episode: info@firewall.mediaSubscribe to Bradley's weekly newsletter, follow Bradley on Twitter, and visit the Firewall website.

Shares of PacWest tumbling again as depositors continue to flee the troubled bank. We dig in on the latest turmoil in the financial sector, and what it all means for the markets. Plus one start-up is hoping to fill the hole left by the collapse of SVB. Brex CEO Henriques Dubugras joins us to discuss his strategy. Fast Money Disclaimer 

Director of Retail Deposits Adam Stockton and Director of Commercial Peter Serene join host Rutger van Faassen to discuss all things deposits in light of recent market changes. Rate and subscribe! | Learn more at curinos.com | Questions or feedback? Email us at finsights@curinos.com

Today on The Multiplier Effect we wrap up season 6 with Carlos Antequera, co-founder and CEO of Novel Capital. In this episode, Carlos discusses his background as a founder, what inspired him to found Novel Capital, trends emerging from the SVB collapse, and how Novel Capital supports founders. Co-hosted by Shawn Morris, Endeavor Heartland. --- Send in a voice message: https://podcasters.spotify.com/pod/show/endeavornorthamerica/message Support this podcast: https://podcasters.spotify.com/pod/show/endeavornorthamerica/support

If you want to earn your jester cap, you'll need to speak the language of Foolish investing. Today we're joined by a ship of top-notch Fools to review some simple and not-so-simple terms that will make you a smarter investor! (9:27) Bill Barker on share buybacks (17:29) Jason Moser on the debt ceiling (24:42) Tom King on leverage (31:12) Bill Barker on capital allocation (38:35) Jason Moser on dollar-based net retention (45:27) Tom King on return on incremental invested capital Companies Mentioned: BRK.A, BRK.B, BBBY, GOOG, AAPL, SVB, CMG, FTNT, CRWD Host: David Gardner Guests: Bill Barker, Jason Moser, Tom King Producer: Rick Engdahl

In the past few weeks, we have been in a banking environment where lenders are running into problems that started at Silicon Valley Bank six weeks ago. Today on the show, we are going to talk about the situation of the banks, the risks, and, more importantly, what you should do if you are concerned about the viability of your bank. We will also cover FDIC insurance, what's covered and not covered in it, the limits on different types of accounts, the difference between banks and credit unions, a few strategies you can use to protect your cash, and more. [04.43] Silicon Valley Bank – Starting the conversation, Grant explains what happened to Silicon Valley Bank in a nutshell and why its customers are at risk. [11.50] FDIC insurance – We discuss why we shouldn't rely on the FDIC or the federal government to cover insurance above $250,000. [17.42] The rules – Grant dives into the rules of FDIC insurance. [24.37] Other institutions – Grant shared why he is not a fan of other institutions like JPMorgan Chase & Co. and Wells Fargo. [31.44] Office buildings – We talk about how office buildings' value is falling dramatically in commercial real-estate space. [35.28] SIPC - Securities Investor Protection Corporation is the brokerage affiliate of the FDIC.   Resources Fed report blames SVB execs — and itself — for bank's failure msn.com/en-us/money/other/fed-report-blames-svb-execs-and-itself-for-bank-s-failure/ar-AA1aufuL Deposit Insurance At A Glance fdic.gov/resources/deposit-insurance/brochures/deposits-at-a-glance/

John Blizzard, CEO of Seattle Bank, talks about his experiences after the recent regional bank failures and the lack of concern by customers. He also discusses the nationwide launch of CD Valet, which allows consumers unbiased access to the best CD interest rates.

Today's Post - https://bahnsen.co/3HL0cPd There are reports about the White House being open to a short-term debt ceiling increase, and I actually don't doubt the White House would do that, or even that they may be willing to give up some energy permitting reform as a trade-off to getting that done. What I am skeptical about is whether or not the Republicans would agree to that (it is possible, but not assured) and then whether or not Democrats would agree to the energy side of that (I consider that improbable). We shall see. 43 Senate Republicans signed a letter over the weekend supporting the House measure for some spending restraints tied to a debt ceiling hike, so even apart from House blockage, if a clean hike is put forward, it faces a filibuster in the Senate. More and more Democrats are wanting some negotiations to take place. A lot of eyes are on what may or may not happen with FDIC coverage in light of the current regional bank saga: Congress sets the statutory limit on FDIC deposit coverage, not the executive branch and not the FDIC itself. The key word here is “statutory.” There is not a lot of Congressional momentum for broadly increasing FDIC limits, though there probably would be if some legislation came forward with nuances (i.e., company payroll accounts, etc.) The FDIC has the authority to name a bank a “systemic risk” and therefore ensure all of its deposits (as they recently did with Signature Bank and Silicon Valley Bank two months ago, but did not need to do with the First Republic since JP Morgan took over) “Big” banks already have systemic risk classifications (and received various increased regulations out of the Dodd-Frank legislation because of the SIFI classification). The aforementioned labeling of SVB and Signature as “systemic risks” happened ad hoc Links mentioned in this episode: TheDCToday.com DividendCafe.com TheBahnsenGroup.com

While the title of this episode is controversial, the point of the Nexus APP and the message of Konstantin Weitz and Chen-Chen Huo shouldn't be. We accept exceedingly low returns on our savings account. Is there a way to do better? What are the risks? The benefits? We discuss liquidity, SVB, and investing in your savings account. Learn more about your ad choices. Visit megaphone.fm/adchoices

It's a beautiful Monday in the Car Biz as we do our best to pick up all the gems Warren Buffet dropped during the annual Berkshire Hathaway shareholder meeting. We also talk about manufacturer investment in R&D, as well as a massive Cybertruck parts order. Although VW spends the most overall on R&D, General Motors (GM) leads the auto industry in R&D spending as a percentage of its 2023 revenues, reflecting significant investments in battery power, software, and connectivity. GM 6.25, MB 5.67, VW 5.13  (GM 9.8B, MB 9.3B, VW 15.8BBottom of the list is Tesla at $3B (3.7%, Hyundai at nearly $2.5B and Nissan and Renault at $2.3 B Tesla has reportedly secured a significant order worth around $230 million for interior parts from Korean supplier Seoyon E-Hwa for its upcoming Cybertruck.Seoyon E-Hwa to supply A, B, and C pillars for the Tesla Cybertruck until 2028.Tesla plans to start Cybertruck production this summer with a release event in Q3 and volume production expected next yearThe large order indicates Tesla's confidence in the electric pickup truck's long-term impact on the EV and pickup truck markets.On Saturday, Warren Buffet hosted the annual Berkshire Hathaway annual shareholders meeting in what has been described as “Woodstock for Capitalists” in his hometown of Omaha, Nebraska.Regarding the banking crisis, Buffett criticized failed banks' leaders and flawed regulations, while supporting government intervention for SVB depositors to prevent catastrophe. He believes the dollar remains the reserve currency, dismissing cryptocurrencies as a "joke." Berkshire's $151 billion Apple stake is its best-performing investment. “It just happens to be a better business than any we own”92 yr old Buffett on living a great life:  “You should write your obituary and then try to figure out how to live up to it,” Buffett said. “It's not that complicated.”He won't be investing in auto makers anytime soon. Buffett and Vice Chair, Charlie Munger believe the auto industry is challenging and unattractive due to intense competition and the costly, uncertain transition to electric vehicles. “It's just too tough…”He does like his auto dealership business  78 dealerships across the U.S. which generate more than $8 billion in annual revenueGet the Daily Push Back email at https://www.asotu.com/ JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/ Read our most recent email at: https://www.asotu.com/media/push-back-email ASOTU Instagram: https://www.instagram.com/automotivestateoftheunion

Recent trauma in the financial sector brought down a $200B US bank in short order, with over $40B being pulled out on a single Thursday. Other banks have either failed or been rescued by the Fed and trillion-dollar banks. The pain is experienced well beyond the US too, with the forced marriage of two systemically important Swiss banks following SVB's failure. The Fed has promised to make depositors whole, so there has been no loss of funds or long-term freezing of balances for individuals or corporates. Does this represent unlimited and permanent insurance coverage by the Fed? They showed up for these events. When won't they show up with coverage? Listen in as Craig Jeffery and George Zinn discuss these important topics.

Host: Ansel Lindner Guest host: Nolan Bauerle Fed Watch is a macro podcast with a clear contrarian thesis of a deflationary breakdown of the financial system leading to bitcoin adoption. We question narratives and schools of thought, and try to form new understanding. Each episode we use current events to question mainstream and bitcoin narratives across the globe, with an emphasis on central banks and currencies.  Find all charts and links at bitcoinandmarkets.com/fed143 In this episode, I'm joined by Nolan Bauerle and discuss this week's FOMC monetary policy decision in depth. We hit briefly on a change to the IMF stance on CBDCs, which can be extrapolated more broadly to the Davos globalist clique's position. The Fed decided to raise their policy rate from 4.75-5% up to 5-5.25%, a 25 basis point (bps) hike. They changed the language in the policy statement, which we read through. The main change was the following: "The Committee anticipates that some additional policy firming may be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive..." was changed to..."In determining the extent to which additional policy firming may be appropriate..." Therefore, the Federal Open Market Committee no longer anticipates additional policy firming, but opens the door to determining no additional policy firming is necessary, in other words, a pause. We watched three clips of Powell's press conference to display the unease Powell displayed, and how he answered important questions. We noted his statement that he was surprised by the SVB bank run, that the Fed would rather tighten too much than not enough (and this might have been too far), and lastly that he does not think a recession is the base case for the rest of the year. Lastly, we get to the comments made by IMF chairwoman Kristalina Georgieva. "... retail CBDCs, they completely transform the financial system in a way that we don't quite know what consequences it could bring." Thanks for joining us! If you are reading this, hit the like and subscribe button! Constant updates on bitcoin and macro Free weekly Bitcoin Fundamentals Report Ansel Lindner On Twitter Christian Keroles On Twitter Watch this Episode: YouTube ||  Rumble  Charts Powell press conference IMF comments on CBDCs If you enjoy this content please LIKE, SUBSCRIBE, REVIEW on iTunes, and SHARE! Written by Ansel Lindner Find More and Follow THIS EPISODE'S SPONSORS: Moon Mortgage - https://www.moonmortgage.io River - https://river.com/ Gordon Law - https://gordonlawltd.com/ Bitcoin 2023 Miami - https://b.tc/conference/ Bitcoin Magazine - https://store.bitcoinmagazine.com/ Bitcoin Magazine Pro - https://bitcoinmagazine.com/tags/bitcoin-magazine-pro Lower your time preference and lock-in your BITCOIN 2023 conference tickets today! Use the code BMLIVE for a 10% Discount! https://b.tc/conference/2023 Use promocode: BMLIVE for 10% off everything in our store

On today's show we are taking yet another look at the macro economic environment. Virtually everything in the world of real estate investing is being dominated by the macro environment.   The Federal reserve increased the Fed funds rate another 25 basis points. They made the argument that future rate hikes are going to be data dependent.  I watched the entire press conference today and there were some obvious holes in the press conference.  The first major hole is that there were no questions on the Fed's balance sheet. That's astonishing to me. The discussion centered entirely on interest rates and there was virtually no discussion on the stability of the banking system or generating liquidity.   Chair Powell made mention of the most recent report on the retrospective of the SVB failure.  The insane thing about these bank failures is that the underly banks were fundamentally strong. They were weakened and eventually bankrupted by the outflow of deposits.  Chairman Powell said in his remarks that he recognized that his view of the current situation is at odds with history. But he said this time is different. He knows that the this time is different argument is not supported by history.  But it's never different. The yield curve inversion is screaming, it is the market screaming at the top of its lungs that they don't believe the Fed. The Fed has it wrong.  So what does this mean for us real estate investors?  I believe it means that we will see more bank failures, and that all the member banks themselves will have to come out of pocket to top up the reserves at the FDIC. That will weigh heavily on bank earnings across the industry. These reserves are not funded by the taxpayer. The fund is funded by the member banks.  More bank failures means tightening credit as banks lose the ability to lend money. They don't trust their own balance sheet because they know their balance sheet can change on a moment's notice based on nothing more than rumour.  The second inning is over and the batter struck out at the plate. We are now entering the top of the third inning in this saga.   ------------ Host: Victor Menasce email: podcast@victorjm.com

The Federal Reserve published an ironic report on the day that the FDIC took control over the First republic Bank. The report was all about the demise of Silicon Valley Bank. It was a retrospective of sorts on what contributed to the failure of the bank and what shortcomings were present at the bank regulator.  The thesis of the report is that the issues of SVB were unique to SVB. But that fails to address why there was a similar problem at Signature Bank. Or what about the problems at Credit Suisse, or First Republic Bank?  Under the Dodd Frank Act which was passed in the wake of the GFC the FDIC is supposed to hold 1.3% of all insured deposits in reserve. Well, it's clear that the FDIC has nowhere near that amount being held in reserve.  The FDIC balance sheet was consumed by 50% on the SVB transaction. There can't be much left.  So here we are, six weeks after the first bank failure.  In the immediate aftermath we were told that the cause was weak management and that the banking system is resilient and strong. Then we heard the same message when Signature Bank failed. Now First Republic, but the banking system is resilient and strong.  The fundamental problem is that there is a mismatch between the nature of the actual liquidity of the banks and the structural liquidity of the banks. What I mean is that depositors can request their money on any given day. But when the bank lends money, they lend it for long duration. So the banks' true ability to generate liquidity is far less than the expectation of giving depositors their funds on demand.  We learned that lesson when Lehman Brothers failed in 2008. Lehman Brothers bank in the Bahamas was taking in LIBOR deposits which were of short duration. When deposits dried up, the bank became insolvent overnight.  Yes, Lehman Brothers was structurally flawed that is clear. But what about any bank? Are they truly in better shape? We have banking contagion. It is here. It was easily predictable, and our banking system is not resilient nor is it strong.  There are calls from the white house for increased banking regulation. But if you actually take time to read the SVB report, it is clear that the existing regulations were not actually being used.  -------------- Host: Victor Menasce email: podcast@victorjm.com

Kate Moody, Customer Strategy Director at 11:FS is joined by some great guests to talk about the most notable fintech, financial services and banking news from the past week. This week's guests include: Sophie Guibaud, Co-Founder and Chief Commercial & Growth Officer, Fiat Republic and Co Author of the Embedded Finance Book: When Payments Become An Experienc Hussein Fazal, CEO, Super.com Tui Allen, VP of Product at Ampla We cover the following stories from the fintech and financial services space: Super.com raises $85m for savings super app Could First Republic be the next SVB? - Shopify launches eCommerce payments tool with help from Israeli fintech Melio More Banks Join European Instant Payments Pilot From End 2023 Klarna unveils AI-powered personalised shopping feed This episode is sponsored by Thredd Global Processing Services (GPS), the payments platform trusted by the leading issuers to process billions of transactions a year, has changed their name to Thredd. Why Thredd? Thredd, because their tailored payment processing solutions are the thread that connects payments innovators of the future. Thredd, because they are true partners, becoming part of the fabric of your business as it grows. And Thredd because it just feels right. Find out more at Thredd.com. (https://www.thredd.com/?utm_source=newsletter&utm_medium=email&utm_campaign=bitesize+thredd&utm_id=11fs) Fintech Insider by 11:FS is a podcast dedicated to all things fintech, banking, technology and financial services. It's hosted by a rotation of 11:FS experts including David M. Brear, Ross Gallagher, Benjamin Ensor, and Kate Moody - as well as a range of brilliant guests. We cover the latest global news, bring you interviews from industry experts or take a deep dive into subject matters such as APIs, AI or digital banking. If you enjoyed this episode, don't forget to subscribe and please leave a review Send us your questions for the Fintech Insider Mailbag here (https://11fscompany.typeform.com/to/kBMan5qL?typeform-source=t.co) Follow us on Twitter: @fintechinsiders where you can ask the hosts questions, or email podcasts@11fs.com! Special Guests: Hussein Fazal, Sophie Guibaud, and Tui Allen.

I'm getting married in July! Tips for being the best husband? ☺️What is the difference between a disagreement and a conflict?Stefan, "I love you I hate you" as you said, it describes my 10 year long relationship. I've been single for years now. I learned a lot from your talks about myself and why I was with these awful women.Do you have any pets, Stef?How do you feel about tech implants? Simple as a pace maker up to brain chip AI?What are you thoughts about parents who give up children for adoption and then try to reconnect with them as adults?Stef what's with first Republic bank crash today? Same thing as SVB?Do you think culture is too unreliable a mechanism for establishing social norms that are conducive to a peaceful and prosperous society. Instead should we have objective principles to live by or if we have to default to culture, should we admit that some cultures are better than others?What are your thoughts on moving to a new country with young children? Our lovely right-wing Christiaan conservative government here in Hungary has banned homeschooling and mandated compulsory daycare from the age of 4 (or the year they become 4), and it totally upended our plans in life. Now we will have to move a few years after our first child will be born and its tough to navigate around that, especially as it will be a whole new culture and language. What can we do to best prepare for that?I've recently made progress overcoming dissociation from my body using some yoga-esque techniques. Where does philosophy end and body work begin with regards to resolving trauma? The answer I have is "I need to feel it"... but I my logical brain doesn't quite like that answer. Thanks

First Republic finally fails and on the same day the Fed's report on SVB is released. It says SVB was on outlier, a loner. But that only raises more questions given what happened to First Republic (or Credit Suisse). The only place to find answers is from within the monetary system itself. Eurodollar University's Money & Macro AnalysisReview of the Federal Reserve's Supervision and Regulation of Silicon Valley Bankhttps://www.federalreserve.gov/publications/files/svb-review-20230428.pdfTwitter: https://twitter.com/JeffSnider_AIPhttps://www.eurodollar.universityhttps://www.marketsinsiderpro.comhttps://www.PortfolioShield.netRealClearMarkets Essays: https://bit.ly/38tL5a7THE EPISODESYouTube: https://bit.ly/310yisLVurbl: https://bit.ly/3rq4dPnApple: https://apple.co/3czMcWNDeezer: https://bit.ly/3ndoVPEiHeart: https://ihr.fm/31jq7cITuneIn: http://tun.in/pjT2ZCastro: https://bit.ly/30DMYzaGoogle: https://bit.ly/3e2Z48MReason: https://bit.ly/3lt5NiHSpotify: https://spoti.fi/3arP8mYPandora: https://pdora.co/2GQL3QgCastbox: https://bit.ly/3fJR5xQPodbean: https://bit.ly/2QpaDghStitcher: https://bit.ly/2C1M1GBPlayerFM: https://bit.ly/3piLtjVPodchaser: https://bit.ly/3oFCrwNPocketCast: https://pca.st/encarkdtSoundCloud: https://bit.ly/3l0yFfKListenNotes: https://bit.ly/38xY7pbAmazonMusic: https://amzn.to/2UpEk2PPodcastAddict: https://bit.ly/2V39XjrPodcastRepublic:https://bit.ly/3LH8JlVDISCLOSURESJeffrey Snider (The Promoter) is acting as a promoter for an investment advisory firm, Atlas Financial Advisors, Inc. (AFA). Jeffrey Snider is affiliated with AFA as a promoter only and is not in any way giving investment advice or recommendations on behalf of AFA. The Promoter is being compensated by a fee arrangement: The Promoter will receive compensation on a quarterly basis, based on the increase in account openings that can be reasonably attributed to the Promoter's activity. The Promoter will not be receiving a portion of any advisory fees. The Promoter has an incentive to recommend the Adviser because the Promoter is being compensated. The opinions expressed on this site and in these videos are those solely of Jeffrey Snider and Eurodollar University and do not represent those of AFA.

TechCrunch's Alex Wilhelm joins Jason to break down the big tech's Q1 earning reports (0:53). They discuss Google's culture of entitlement, Microsoft's AI momentum, Meta's year of efficiency, how Amazon may be in for a few quarters of pain, and Snap's double-digit drop (21:11). (0:00) Nick kicks off the show (0:53) TechCrunch's Alex Wilhelm joins Jason (1:23) Reflecting on SVB contagion  (3:48) First Republic Bank and BuzzFeed's stock  (6:16) Uber's profits (8:23) Embroker - Use code TWIST to get an extra 10% off insurance at https://Embroker.com/twist (9:56) The SF boom/bust (14:52) More on BuzzFeed (19:41) Miro - Sign up for a free account at https://miro.com/startups (21:11) Google's earnings (25:28) Google's culture of entitlement (31:40) Integrating ChatGPT into your workflow (35:47) AI innovation in hospitality (38:!2) Crowdbotics - Get a free scoping session for your next big app idea at http://crowdbotics.com/twist (39:23) Microsoft's earnings (43:19) Meta earnings (54:29) Amazon's earnings (1:04:08) Snap's earnings  (1:11:34) Thoughts on TikTok FOLLOW Alex: https://twitter.com/alex FOLLOW Jason: https://linktr.ee/calacanis Subscribe to our YouTube to watch all full episodes: https://www.youtube.com/channel/UCkkhmBWfS7pILYIk0izkc3A?sub_confirmation=1 FOUNDERS! Subscribe to the Founder University podcast: https://podcasts.apple.com/au/podcast/founder-university/id1648407190

April 28, 2023 | Your weekly dose of real estate housing market updates in under one minute!Start your real estate investing journey with Premier Ridge Capital! Our highly skilled team is here to assist you during the hassle-free process.Contact Us Now!EMAIL: team@premierridgecapital.comWEBSITE: https://www.premierridgecapital.com/ We're interested in buying your apartment building from you! Our highly skilled team is here to assist you during the hassle-free process.Contact Us Now!EMAIL: team@premierridgecapital.comWEBSITE: https://www.premierridgecapital.com/