What The Banking Crisis & Layoffs Mean For The Economy

The banking crisis continues to slowly spread in the background, notes Michael Green. He talks about how First Republic Bank (FRC) could face FDIC downgrade and a limit on Fed borrowing. He discusses how it is an interesting battle between poor expectations and slightly less poor results. He goes over how flows into passive vehicles managed to push markets higher despite earnings decline. He mentions what regional bank struggles mean for the overall market. He also highlights the labor market outlook and what layoffs mean for the economy. Tune in to find out more about the stock market today.