Bank Blowup, and Cracks Forming? 3/10/23

from Power Lunch · host CNBC

Silicon Valley Bank has been shut down after efforts to raise cash reportedly failed. The pressure is spreading through the banking industry. We’ll survey the damage being done to stocks, and ask an analyst what the contagion risk is too.Plus, we added 311,000 jobs in February, much more than expected. But the unemployment rate rose, and wage growth slowed. Is the job market finally cooling? We’ll debate. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

What this episode covers

Silicon Valley Bank has been shut down after efforts to raise cash reportedly failed. The pressure is spreading through the banking industry. We’ll survey the damage being done to stocks, and ask an analyst what the contagion risk is too. Plus, we added 311,000 jobs in February, much more than expected. But the unemployment rate rose, and wage growth slowed. Is the job market finally cooling? We’ll debate.

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Bank Blowup, and Cracks Forming? 3/10/23

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This episode was published on March 10, 2023.

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