Are you ready for the shocking truth? In this exclusive video, we reveal the BREAKING news about the Government response to the Silicon Valley Bank Meltdown.
As the world reels from the recent financial crisis, we dive deep into the heart of the matter and expose the details. Our investigative team has dug into the story that will shake the very foundations of the financial world.
This explosive video uncovers the government's response to the Silicon Valley Bank Meltdown, and the impact it will have on the global economy. We reveal the key players involved, the shocking decisions made, and the devastating consequences that will follow.
If you want to stay ahead of the game and be the first to know the real story behind this crisis, then you can't afford to miss this video. It's a must-watch for anyone who wants to be informed and empowered in these uncertain times.
So, what are you waiting for? Hit that play button now!
As the world reels from the recent financial crisis, we dive deep into the heart of the matter and expose the details. Our investigative team has dug into the story that will shake the very foundations of the financial world.
This explosive video uncovers the government's response to the Silicon Valley Bank Meltdown, and the impact it will have on the global economy. We reveal the key players involved, the shocking decisions made, and the devastating consequences that will follow.
If you want to stay ahead of the game and be the first to know the real story behind this crisis, then you can't afford to miss this video. It's a must-watch for anyone who wants to be informed and empowered in these uncertain times.
So, what are you waiting for? Hit that play button now!
Category
🗞
NewsTranscript
00:00 After the second largest bank failure in US history, this is how the government is responding.
00:09 Per Bloomberg, you can see that the FDIC auction for SVB is said to be underway.
00:15 I'm Gav Blacksburg, aka Wolf Financial.
00:17 I'm here with Evan from Stock Market News.
00:20 If you like these type of videos, go ahead, subscribe to the channel, like this video.
00:24 We're going to get into some really important details that are going to massively affect
00:29 the US economy, not just this week, but for many in the future.
00:33 Let's dive into it.
00:34 Evan, what's standing out to you off the bat here?
00:36 Yeah, this is going to be a very swift response.
00:40 A lot of people were talking that they have to have a response by Monday and it looks
00:43 like they are aiming for Sunday night.
00:45 This has been on the screen for a minute or so, so I'm sure you guys have read this already.
00:50 But the FDIC is kicking off the auction process.
00:53 Started apparently last night and should be concluding today.
00:56 The bids should be in very soon and we might be hearing it later tonight, probably Monday.
01:00 I always like to give them that leeway.
01:02 But yeah, this one is pretty interesting for me.
01:05 If you go over to the next slide, they're also expected to make material announcements
01:09 to shore up Silicon Valley bank deposits and prevent wider fallout.
01:13 And if you go to the next slide, they've kind of also hinted out what we should be expected
01:18 to see, that they're weighing creating a fund that would allow regulators to back-zip more
01:22 deposits at banks that run into trouble following Silicon Valley's banks collapse.
01:27 So outside of SVB.
01:29 So interesting to see.
01:30 This is what I would expect to hear.
01:33 I would give them some leeway into Monday, but I feel it's top priority to get a note
01:38 out really quickly.
01:39 Is there anything that kind of stood out to you with the first couple of steps and what's
01:42 been happening?
01:43 Yeah, the government has to put out a response to this.
01:45 Otherwise, we're going to see a massive bank run on regional banks when they open up on
01:49 Monday.
01:50 We saw lines out the door, First Republic and others over the weekend.
01:54 But that's just the start of this.
01:56 What's happening here is a severe distrust in regional banking systems and a consolidation
02:01 into the massive banks, which puts a lot of smaller businesses at stress, right?
02:06 And a number of other pieces.
02:08 So the government has to come in here and figure out a way to reassure the public that
02:12 money is safe in regional banks, that this is a one-time occurrence and that there's
02:16 going to be a rescue plan of some sort.
02:19 It doesn't necessarily have to be a bailout, as we can see, there's an auction going on,
02:22 but something has to happen because there's 65,000 small companies and startups that are
02:27 relying upon it.
02:30 I do also quickly think on that it would be really interesting to see on Monday, like
02:35 what people do at their banks.
02:37 Is there a flight from regional banks?
02:39 Will there kind of be any second and third tertiary, that's the real word, kind of reaction
02:45 to this, even if it does get stopped?
02:47 It definitely could not be, and maybe this is just kind of stemmed it pretty quickly.
02:50 They're reacting quickly, but definitely fascinated to watch that.
02:53 But looking at this thing, I think that this is just eternally funny that the Fed, they
02:57 speak every single day.
02:59 Fed presidents speak more than they should.
03:00 And then the one time that it makes a lot of sense for them to be talking a lot, they
03:04 are in a blackout window, cannot speak at all ahead of the FOMC meeting.
03:08 It's just crazy how that works.
03:11 Yeah, pretty nuts.
03:13 I hope that we still get to hear some sort of thoughts, but yeah, they're not going to
03:16 be publicly speaking.
03:17 So as you can see here, you can see the Fed blackout period.
03:21 So even though we won't have the Fed speaking, I think you can be sure that there is going
03:25 to be volatility in the market this week.
03:28 Popping over here to the next slide, we're going to take a look at a little bit of this
03:31 economic calendar on Tuesday.
03:34 Story of the week, CPI, as you were kind of joking with me, this is the least hyped CPI
03:39 print of probably the last 16 or so months, right?
03:43 100 percent.
03:44 Everyone is focused on Silicon Valley Bank.
03:46 I've heard no one really talking about CPI, but the median forecast is for it to come
03:50 in at plus 6.1 percent year over year.
03:53 The previous number is 6.4 percent.
03:55 It's definitely on watch.
03:56 Tinfoil hat on.
03:57 What do you think we got?
03:58 Wow, that's a good question.
04:01 I know that you were saying the 6.1 percent seems low to you, right?
04:05 Yeah, I guess.
04:07 Oh, OK.
04:08 All right.
04:09 I'll go 6.3.
04:10 I kind of like that number.
04:11 All right.
04:12 I'll go 6.2.
04:14 Sounds like a plan.
04:16 Walking through a little bit of other inflation numbers, you can just see from top down, inflation
04:21 has been coming down since we peaked back in June.
04:25 So anything under a 6.4 would continue that trend.
04:30 I believe that we are going to get a number lower than that.
04:32 Inflation is obviously a lagging indicator, but there's reason to believe that it's continuing
04:36 to come down.
04:38 Popping into the latter part of the week, starting with Wednesday, we've got a bunch
04:42 of information coming out, PPI, some other pieces.
04:46 Anything else standing out to you here?
04:47 Yeah, retail sales being pretty important as well.
04:51 And then if I look over to the next day, we have jobless claims coming out on Thursday,
04:55 which has been getting a lot of attention recently.
04:57 So that's another one I'll be watching, too.
04:59 Yeah, jobless claims seems to be swinging the Fed's decision on a weekly basis as we
05:03 either come in stronger or lower and people make assumptions based off that.
05:08 Hopefully the Fed is weighing a little bit of a larger data set as they make their decisions
05:11 around these FOMC meetings.
05:13 Of course, with everything that just happened with SVB, we have to talk about is there going
05:17 to be a 25 point basis cycle, 50 point basis cycle.
05:19 A 50 point basis cycle could put a lot of stress on an already fragile system.
05:24 So let's see if they take that into effect.
05:26 And of course, rounding out the week, we don't have any massive earnings, but we do have
05:31 plenty of companies that are still reporting.
05:33 Anything standing out to you here, Evan?
05:35 Yeah, so Adobe and FedEx are definitely the largest two.
05:39 We kind of talked about this, it's not the real meta, that's not Facebook.
05:41 I don't know what that is.
05:43 But FedEx and Adobe are two names that are large.
05:46 We talked about this earlier, FedEx does kind of move some stuff, talked about logistics.
05:51 I feel like it directly impacts UPS and maybe Amazon a little bit, too.
05:55 So that's definitely an interesting one.
05:56 And then also, Xpen gets a little bit of love.
06:00 And let's see if there's, I'm just going to go around one of the random ones.
06:02 Oatly might be a little interesting one, BuzzFeed, but I'm really reaching at this point.
06:07 Definitely FedEx and Adobe are the two in there.
06:10 Yeah, so FedEx and Adobe certainly the biggest.
06:13 With FedEx, I don't necessarily pay so much attention to the numbers on a weekly basis.
06:18 But what I do know is that people look at FedEx as a determination of where the supply
06:23 chain is currently standing inside the US.
06:26 So are they really getting their packages delivered?
06:28 Are they effectively moving things?
06:30 They have a lot of backed up inventory.
06:33 So that's something that does get looked at.
06:35 Other names on here like GitLab and Skills are a little bit more shot in the dark.
06:39 Xpeng, these are things that do get traded on Twitter's page.
06:43 Dollar General a little too.
06:44 Do you see people trading Dollar General?
06:47 DG or something.
06:48 That's kind of the sector that is like five below or whatever.
06:50 And there's a couple stores in the world that I could actually affect a little bit.
06:53 You know, it's always kind of cool when, and I'll just kind of give a minute on this, when
06:56 you're looking through these earnings and you kind of find out some of these companies
07:00 that you didn't even know were publicly traded.
07:01 Like, did you know that Getty Images was publicly traded?
07:04 No, I don't think I did.
07:07 Right.
07:08 That's kind of like feels like a SPAC, either SPAC or it's been live forever.
07:11 Yeah, yeah.
07:12 It's kind of a funny one, right?
07:14 I just see them when you go and you look up a picture on something.
07:16 So you see something like Getty Images, five below that's on here, right?
07:21 A number of other Black Rifle Coffee.
07:22 I know that they're a popular one among some audiences.
07:25 So they're cool.
07:26 By the way, Getty Images was a SPAC.
07:29 There you go.
07:30 Getty Images, a SPAC.
07:32 BuzzFeed, another SPAC, right?
07:36 Feels like it.
07:37 You think they're going to announce that they're now paying for a chat GPT pro and that'll
07:43 give another 30% stock bump?
07:46 I feel like they might change their name to BuzzFeed AI.
07:48 We'll see.
07:49 BuzzFeed AI, coming your way.
07:51 So I have one last topic question that I want to just talk with you here before we do in
07:55 the video, which is obviously for those that are unfamiliar, Stock Market News is in the
08:00 thick of things when it comes to news.
08:02 Just started a new breaking news channel on Instagram as well.
08:07 So if you're following him on there, maybe you have the opportunity to check out his
08:09 channel there.
08:11 But I'm kind of curious how you read this whole situation that's been breaking with
08:15 SVB, having been in the thick of it with the news, with the knowledge.
08:19 Where does this stand on kind of the scale of massive events that have happened within
08:24 the US banking system, in your opinion, and how much potential fallout do you see coming
08:29 from it?
08:32 I think this goes to my underlying personality.
08:36 I don't, I think we have to really answer that question in a little bit and see the
08:40 fallout.
08:41 I don't think it's as big as it is being hyped up to be in this moment.
08:45 I think there is chances that it could have been really big if they let it full on go,
08:49 but the government seems to go into that response.
08:51 So the real fallout might not be that huge.
08:55 I think there's a chance this just goes down as a business history textbook thing that
09:00 people just talk about every once in a while, but isn't the craziest of things.
09:05 I think it might change a lot of stuff in the industry and people who kind of, us and
09:09 people who really kind of are living it might really see it every day and just the changes
09:13 it has on how some of this stuff is back and protected and maybe we change FDIC and stuff
09:20 like that.
09:21 So this might be the reason for stuff, but I just don't think the impact from it is going
09:25 to be really that huge.
09:27 I think that like this is a small subset.
09:29 I guess companies are important and maybe they might shift and think about more how
09:33 they bank, but the average person probably doesn't have too much more than 250K.
09:38 And if you do open up a couple of bank accounts, be honest, open up 80, 90 bank accounts, whatever
09:43 he has.
09:44 I don't know.
09:46 I just don't think it's the biggest thing that might cause some changes, but I don't
09:49 think this is going to be the craziest things.
09:51 We'll see.
09:52 What do you think?
09:53 Well, I'm still on the fence.
09:56 The thing that really stands out to me is 60,000 plus startups that can't make payroll
10:01 and a number of other pieces.
10:03 So that gets really iffy as-
10:05 But it sounds like they're going to be able to make payroll on Monday.
10:08 Right.
10:09 We'll see.
10:10 It's an evolving situation.
10:11 So I'm curious to see how it plays out.
10:12 But what I do know is everybody should be subscribing to this channel because regardless
10:16 of what does happen, we will be here documenting it in front of the audience for free.
10:21 So make sure that you are checking out everything that we're doing.
10:24 I think that's everything for the video.
10:26 Anything else you want to add before we close out, Evan?
10:29 We are going to be filming one video every single day this week.
10:33 I only just mentioned that to him before, so this is a little peer pressure.
10:37 Tweet that at Wolf, do whatever.
10:39 We're going to be filming a video one day every single week, every single day this week.
10:43 Something different.
10:44 We'll probably be talking about CPI one of the days, maybe tomorrow, go a little bit
10:47 more in depth or maybe after talking about the response, a little bit PPI and maybe some
10:52 other stuff going on.
10:53 But we appreciate everyone.
10:55 Make sure you like and subscribe and we'll talk later.
10:57 Awesome.
10:58 Talk to you all then.
10:59 [BLANK_AUDIO]