Daily Review with Clay and Buck - Mar 15 2023
The Clay Travis and Buck Sexton Show
iHeartPodcasts
4.5 • 11.4K Ratings
🗓️ 15 March 2023
⏱️ 47 minutes
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| 0:00.0 | Welcome to today's edition of the Clay Travis and Bucks Xton Show Podcast. |
| 0:05.3 | Third hour of Clay in Bucks starts right now everybody. Thanks for being here with us. |
| 0:10.6 | Clay on vacation in Italy. I believe he's in Roma right now. So our thoughts are with him and |
| 0:18.0 | his family as they are eating some delicious pizza, which we of course in this country call |
| 0:25.7 | pizza. And yeah, he's having a good time. So we have some updates here on the |
| 0:32.4 | financial financial front for you just to keep an eye on all this because the biggest |
| 0:38.6 | story in the country and in fact the biggest story in the world right now is the |
| 0:42.3 | Oh, rickety, uh, unsecure, swaying back and forth structure of our banks at this point in time. |
| 0:55.6 | All right, it's not looking good. It's not looking like this is going to head into a healthy |
| 1:03.6 | direction. I thought it was interesting. Kevin O'Leary of Shark Tank, we played some sound bites |
| 1:09.7 | from him yesterday. I know he was on a Sean show last night. And Kevin O'Leary had billions of |
| 1:16.8 | his of dollars of companies he's involved with in Silicon Valley bank, but to his credit he's like, |
| 1:21.3 | look, yeah, I got money there. I got money all over the place. A lot of people have been hit |
| 1:26.4 | by this when you're talking about $200 billion of deposits that that covers a broad swath of |
| 1:34.5 | territory. I mentioned to you the massive Swiss bank credit suisse, which is pleading now with |
| 1:44.1 | the Swiss Central Bank for support shares of credit suisse have gone down 30%. Also Moody's and the |
| 1:52.1 | S&P jumping in with different cuts to the status downgrades, I should say to the status of bonds |
| 2:01.4 | of some of these banks. First Republic Bank, for example, now at Junks status and the big four banks |
| 2:08.9 | are in a difficult spot for right now. Not not a perilous spot, but they're their stocks are |
| 2:14.7 | a little bit down today. I don't want to overstate anything here, but the stocks are the people are |
| 2:18.8 | worried, obviously. People are concerned. And I think what you're really going to have to look for is |
| 2:23.8 | the rate hike going up, the fed, the fed hiking rates the next time around. If they do that, |
... |
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