03-18-2023: Too Regional to Succeed...

Mar 18, 2023

57:06

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This week in the China Shop, all eyes are on the banking sector as fears mount in the wake of three collapses and nearly a fourth in First Republic. In Stock News, Sam Altman voices concerns about AI and Ryan Reynolds stands to make a mint from a pending sale. Over in the Crypto Corner, Cramer predicts Bitcoin's imminent demise while Cathie Wood wants to start a new crypto fund, leaving the guys to guess who's wrong this time... In The Bet, Kyle realizes a deal made with Joel means no risk of losing in March.

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Links:

Big Banks Rescue First Republic

SVB Files for Chapter 11 Bankruptcy Protection

Powell Blocked "Regulatory Failures" Phrase in Joint Statement

Yellen Says No Help for Regional Banks

Fed Assests Chart

"No Equity Capitulation" Says BofA

OpenAI CEO Scared of AI??

Ackman Tweets BofA Buying Signature Bank

Ryan Reynolds Could Earn More than $300M in Mint Mobile Sale