SVB Fallout Ripples Through Global Markets

WSJ What’s News

The Wall Street Journal

News, Daily News

4.1 • 4.2K Ratings

🗓️ 14 March 2023

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

A.M. Edition for March 14. Investors are flocking to government bonds in a hedge against the possibility of a protracted stock-market downturn following the collapse of three U.S. banks. Journal markets reporter Anna Hirtenstein details how the flight to safety seen in the U.S. is also playing out overseas. Plus, six months later, mystery still shrouds who attacked Russia’s Nord Stream pipeline. Luke Vargas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Three, two, one.
0:03.0	What will the world look like 10 or 20 years from now?
0:07.3	The Wall Street Journal's future of everything podcast is here to give you a peek, and we
0:11.3	can't wait to show you what's coming.
0:13.7	Subscribe now.
0:14.5	Silicon Valley banks failure, ripples through global markets.
0:24.2	We saw huge plunges in, for example, German boom rates, and it was a similar situation
0:28.8	as in the US.
0:29.8	There was a flight to safety.
0:30.8	The shift of people moving their deposits into short-term government bonds.
0:34.4	Plus, President Biden prepares to unveil new gun control measures, and six months later,
0:40.3	mystery still shrouds who attacked Russia's Nord Stream pipeline.
0:44.8	It's Tuesday, March 14th.
0:46.1	I'm Luke Vargas with the Wall Street Journal, and here's the AM edition of What's News,
0:51.4	the top headlines and business stories moving your world today.
1:01.7	We began with the unfolding banking crisis in the United States, where regulators are
1:06.6	reportedly taking another crack at auctioning failed Silicon Valley bank.
1:12.3	The Federal Deposit Insurance Corporation was unable to find a buyer for the bank over
1:17.3	the weekend, but we're reporting that officials have additional flexibility now to sell the
1:22.3	firm after regulators declared its failure a threat to the financial system.
1:28.1	And for more on this story, we're joined by markets reporter Anna Hurtinstein and
1:32.3	Anna Givest the latest.
	...

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