Mixed impacts felt across the globe from the collapse of a US bank.
Regulators have seized the assets of Silicon Valley Bank and officials say there will be no federal bailout.
Rocket Lab has about 62-million New Zealand dollars in the bank: about 7.9 percent of its total cash, cash equivalents, and marketable securities.
Stockfox Founder David McEwen told Mike Hosking that stock prices will fall.
He says we saw the major banks go down about three percent on Friday, and he thinks there'll be more of that today.
But McEwan says in terms of the underlying strength of our local banks he has no real concerns.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
Las Culturistas with Matt Rogers and Bowen Yang
Ding dong! Join your culture consultants, Matt Rogers and Bowen Yang, on an unforgettable journey into the beating heart of CULTURE. Alongside sizzling special guests, they GET INTO the hottest pop-culture moments of the day and the formative cultural experiences that turned them into Culturistas. Produced by the Big Money Players Network and iHeartRadio.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.