Thursday, March 16th, 2023

Morning Announcements

Betches

News, Daily News, News Commentary, Politics

4.7 • 1.7K Ratings

🗓️ 16 March 2023

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today's headlines: Credit Suisse disclosed problems and weaknesses within its financial reporting yesterday, prompting their share price to plummet 20%. A pro-Trump super PAC known as MAGA Inc filed a complaint with the Florida Commission on Ethics yesterday. Stormy Daniels met with Manhattan prosecutors yesterday regarding the $130,000 dollar hush money payment that was made to her during Trump’s 2016 campaign. Texas education officials announced a state takeover of Houston’s public school district yesterday. San Francisco’s board of supervisors unanimously adopted a resolution that would set aside a $5 million dollar one-time, lump sum payment for a reparations plan. Finally for today, Honda is recalling 500,000 vehicles in the US and Canada because the front seat belts in some of their top-selling models may not latch properly. Resources/Articles mentioned this episode: Washington Post: Credit Suisse to borrow up to $53.7 billion from Swiss central bank NBC: Ron DeSantis hit with an ethics complaint from Trump super PAC AP News: Stormy Daniels meets with prosecutors investigating Trump AP News: Texas announces takeover of Houston schools, stirring anger Axios: San Francisco supervisors open to reparations proposal AP News: Honda recalling 500,000 vehicles to fix seat belt problem 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 Thursday, March 16th, and you're listening to the Morning Announcements presented
0:06.0	by Betches Media.
0:07.0	I'm your host, Sammy Sage, and the Morning Announcements is your daily five-minute breakdown
0:10.7	of the headlines that isn't afraid to take a side and roast the most consequential reality
0:15.0	show there is.
0:16.3	Our government.
0:17.3	This episode is brought to you by Kick Off.
0:19.4	Kick Off is the number one credit-building app that has helped over a million people
0:22.9	take control of their credit fast.
0:25.1	If your credit score is either preventing you or making it more expensive for you to lease
0:28.6	a car or buy a home, Kick Off can help you start building credit in less than five minutes.
0:38.2	It's tough out there for a big bank these days.
0:40.5	Yesterday, Credit Suisse disclosed problems and weaknesses within its financial reporting.
0:44.8	Prompting their share price to plummet 20% and Switzerland's Central Bank to promise
0:48.8	that they will provide financial support if necessary.
0:52.1	On the other hand, Credit Suisse's largest investor, Saudi National Bank, signaled that
0:56.2	they would not be the ones to provide more cash in an emergency.
0:59.9	And by the end of the day, Credit Suisse announced that they would be taking $54 billion from
1:03.8	Switzerland's National Bank to shore up their liquidity.
1:07.0	Unlike SBB, Credit Suisse has been plagued with issues for years, which are concerning
1:11.4	because the bank is much larger and significantly more integrated with the global financial
1:15.4	economy, not just with like a gaggle of nerds whose hoodies could use a wash.
	...

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