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New Market Week, Yellen's Debt Ceiling Warning, Buffett on Banking Crisis and Apple 5/8/23

Squawk on the Street

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The SEC's Ban on Short Selling

The regional banks continue to rebound obviously led by a pack west this morning jumping 81% on Friday. The CEO says quote our business remains fundamentally sound and there was Buffett over the weekend warning that fears contagious when it comes to banking turmoil. Piper: Please Congress raise the insurance limits and to the SEC put a finite short selling ban in place so Congress can do that.

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