Friday, March 17th, 2023

Morning Announcements

Betches

News, Daily News, News Commentary, Politics

4.7 • 1.7K Ratings

🗓️ 17 March 2023

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today's headlines: Yesterday, a group of the largest banks in the US provided First Republic Bank with $30 billion dollars in cash to bolster their liquidity and calm the markets. The Biden Administration is demanding that TikTok’s Chinese owner ByteDance sell their stake in TikTok, or else face a possible ban of the app in the US. Fulton County Georgia has been hearing evidence about attempts to overturn the 2020 election results there. The US and Russia had a collision over the Black Sea, when a Russian fighter jet crashed into a US drone, forcing the US to bring it down in international waters. Finally for this week, new research from the Kaiser Family Foundation found that nonprofit hospitals in the US save more in tax exemptions than they provide in charity care. Resources/Articles mentioned this episode: WSJ: Eleven Banks Deposit $30 Billion in First Republic Bank WSJ: U.S. Threatens Ban if TikTok’s Chinese Owners Don’t Sell Stakes AJC: EXCLUSIVE: Behind the scenes of Trump grand jury; jurors hear 3rd leaked Trump call BBC: Everything we know about the US drone that crashed in the Black Sea Axios: Nonprofit hospitals save more in tax exemptions than they provide in charity care: KFF Host: Sami Sage Morning Announcements is produced by Sami Sage alongside Amanda Duberman and Bridget Schwartz Original Music and Editing by Brandon Lee Bjornson Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Today is Friday, March 17th, and you're listening to the Morning Announcements presented by
0:05.2	Betches Media.
0:06.2	I'm your host, Sammy Sage, and the Morning Announcements is your daily five-minute breakdown
0:10.0	of the headlines that isn't afraid to take a side and roast the most consequential reality
0:14.4	show there is.
0:15.6	Our government.
0:16.8	This episode is brought to you by Kick Off.
0:19.0	Kick Off is the number one credit building app that has helped over a million people take
0:22.7	control of their credit fast.
0:24.8	If your credit score is either preventing you or making it more expensive for you to lease
0:28.5	a car or buy a home, Kick Off can help you start building credit in less than five minutes.
0:38.2	Another bank, another bailout.
0:40.1	That is the Rich Guys version of another day, another dollar.
0:43.2	Yesterday, a group of the largest banks in the US provided first-re-public bank with $30
0:47.5	billion in cash to bolster their liquidity and calm the markets, following some fairly
0:52.5	rational reasons for the market to be a little volatile.
0:55.6	While we're on that topic, can we not police the market's emotions?
0:58.9	It is going through a tough time.
1:01.0	Anyway, executives of JP Morgan, City Group, Bank of America, and Wells Fargo are each
1:06.1	making a $5 billion uninsured deposit into first-re-public, plus another $2.5 billion from Morgan
1:11.8	Stanley, Goldman Sachs, and five other banks each pitching in $1 billion.
1:17.1	This comes as those large banks received an influx of billions of dollars into deposits
	...

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