Tuesday, May 2nd, 2023

Morning Announcements

Betches

News, Daily News, Politics, News Commentary

4.7 • 1.7K Ratings

🗓️ 2 May 2023

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today's headlines: The manhunt is still underway for the suspect who killed 5 people in Cleveland, Texas. The suspect had entered the US illegally and was deported at least 4 times, but his current immigration status is unknown.The Federal Reserve and FDIC have acknowledged that the recent bank failures were caused by lax oversight, watered-down regulations, and poor management, partly their responsibility. Disney's Orlando district formally voted to sue Disney, with the oversight board seeking to maintain its oversight of design and construction in the district after Disney rewrote the bylaws to strip them of those powers. Writers Guild of America members voted to authorize a strike to request almost $600 million in salary increases, primarily concerning pay for streaming shows. A Montana state representative has filed a lawsuit after her colleagues voted to bar her from the House floor after she rebuked them for supporting a ban on gender-affirming care. Resources/Articles mentioned this episode: CNN: Suspect in Texas massacre had been deported 4 times after entering US illegally, ICE source says AP News: First Republic Bank seized, sold in fire sale to JPMorgan AP News: DeSantis board sues Disney in latest tug-of-war in Florida Fortune: Hollywood writers’ strike could start at midnight tonight AP News: Montana Rep. Zooey Zephyr sues over removal from House floor Morning Announcements is produced by Sami Sage alongside Amanda Duberman and Bridget Schwartz Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Today's Tuesday, May 2nd, and you're listening to the Morning Announcements presented by
0:07.0	Betches Media.
0:08.0	I'm your host Sammy Sage, and the Morning Announcements is your daily five-minute breakdown of the
0:12.3	headlines that isn't afraid to take a side and roast the most consequential reality
0:16.8	show there is.
0:17.8	Our government.
0:22.0	The suspect who killed five people in last Friday night shooting in Cleveland, Texas
0:26.3	is still at large, with a manhunt still underway.
0:30.5	Authorities are now offering a reward, totaling $80,000 for the capture of 38-year-old Francisco
0:35.9	Oropesa.
0:36.9	It's also been reported that Oropesa has entered the U.S. illegally and had been deported
0:41.8	by ICE at least four times since March 2009, though his current immigration status is
0:46.9	unclear and it's not known how long he was in the U.S. since he was last deported.
0:54.4	The yesterday morning federal regulator sees control of the failing First Republic
0:58.4	Bank and promptly sold its deposits and most of its assets to JP Morgan Chase.
1:03.8	This marks the third mid-size bank to fail in the past two months, and the second largest
1:08.0	bank failure in U.S. history, behind Washington Mutual in 2008, which was also overtaken
1:13.4	by JP Morgan in a similar government orchestrated deal.
1:17.2	As part of the agreement, the FDIC will share losses with Chase on First Republic's loans,
1:21.8	as they're expected to incur around $2 billion in costs from the takeover, while adding
1:26.0	$500 million to its net income.
1:28.7	JP Morgan's CEO Jamie Diamond told investors and reporters that they could expect more
	...

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