Hello and welcome to Slate Money, your guide to the Business and Finance News of the Week.

I'm Felix Simon of Axios. I'm here with Emily Peck of Axios.

Hello, hello. I'm here with Elizabeth Spires of the New York Times.

Hello.

And we have a jam-packed show this week.

It was such a big news week, what with First Republic failing,

and the Fed hiking rates possibly for the last time and all the rest of it,

that we couldn't do what I actually

wanted to do, which was devote this entire show to my new book. It's called The Phoenix Economy.

Come, please join me in your local independent bookstore and buy it. We will do that next week.

We will talk about my book next week because I'm very excited about it. But we just don't have room in

this week's show because there's so much going on. Aside from First Republic, which failed in the wake of Silicon Valley Bank and various other bank failures like Silvergate and signature and Credit Suisse, we are going to talk about the Fed and whether that was their last rate hike.

And we're going to talk about Timo, which is this crazy Chinese shopping app, which is taking America by storm.

We have a Slate Plus segment, which you really should listen to because it's awesome, all about fake handbags in China.

And yeah, it's all coming up on Slate Money.

My name is Caden Sinclair. Some people call us American royalty. We were liars. A new series on

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