Jobs, Gun Sales and the Silicon Valley Bank Failure 03/10/23

Job creation decelerated in February but was still stronger than expected despite the Federal Reserve’s efforts to slow the economy and bring down inflation. Jason Furman, professor at the Harvard Kennedy School of Government and former CEA chair, discussed the latest job report and what we should expect from the Fed regarding rake hikes, and more. SVB Financial, parent of Silicon Valley Bank, was unable to find a buyer before a bank run caused regulators to shut it down. SVB was trying to find a buyer and hired advisors to do so after attempts by the bank to raise capital failed. Priscilla Sims Brown, Amalgamated Bank CEO, discussed the company’s effort spearheading a merchant category code for gun stores, afer major credit card companies paused the effort. In this episode: Priscilla Sims Brown, @AmalgamatedBank Rick Santelli, @SantelliRants Jason Furman, @jasonfurman Hugh Son, @Hugh_Son Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie