Schaftlein Report | European Central Bank Raises Rates 50 basis Points as Expected

Guest - Jeffrey Dunetz

1) European bank stocks are stabilize as Credit Suisse receives $54B commitment from the Swiss National Bank.

1A) The Federal Reserve meets next week. The expectation is a 25 basis point increase then a pause.

1B) First Republic Bank in merger or takeover talks as the stock falls 25%.

1C) Secretary Yellen says the banking system is stable and deposits remain safe.

1D) 84% of Americans do not want bank bailouts. Shareholders and bond holders?

2) France raises the retirement age from 62 to 64. The U.S. should also consider doing this.

3) Poland to send fighter jets to Ukraine. Film shows Russian jets intercepting U.S. drone and dropping fuel before crash.

4) Trump leading DeSantis in latest polling by 46-32%. In head to head, Trump leads 51-40%.