7AM ET 05/01/2023 Newscast
Fox News Hourly Update
FOX News Podcasts
3.9 • 5.8K Ratings
🗓️ 1 May 2023
⏱️ 4 minutes
🧾️ Download transcript
Summary
Transcript
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| 0:00.0 | another midsize bank fails. I'm |
| 0:05.0 | Dave Anthony Fox News. It's the |
| 0:08.0 | third one in two months and first |
| 0:10.0 | republic is being taken over by |
| 0:12.0 | a bigger one after government |
| 0:13.0 | regulators seized the banks assets. |
| 0:14.0 | The FDIC sold most of them to |
| 0:16.0 | JP Morgan Chase along with all |
| 0:17.0 | the deposits. First Republic |
| 0:19.0 | lost $100 billion in deposits in |
| 0:21.0 | March after Silicon Valley banks |
| 0:23.0 | collapse. Big banks moved in to |
| 0:26.0 | prop up the bank, but it was not |
| 0:28.0 | a big deal. The state has |
| 0:30.0 | been trying to restore confidence |
| 0:32.0 | in first republic. It's Fox's |
| 0:34.0 | genie. So all first republics |
| 0:36.0 | 84 branches will open today is |
| 0:38.0 | Chase locations on Wall Street |
| 0:40.0 | not much reaction futures are |
| 0:42.0 | barely moving. First Republic |
| 0:44.0 | stock closed Friday at $3.51 |
... |
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