pete: yes, it s like selection sunday. yes, no, yes, no, yes, today. you know why, because my family does our draft off selection sunday on monday. march madness begins and we have our fox & friends branded sports court. rachel: that s amazing. pete: do you shoot hoops? joey: no, we didn t have enough concrete where i lived. it was all gravel. rachel: i m tight feet so basketball is not my game. but i m excited on the square and also i m excited about house fire, which house fire is performing for faith and friends concert series leading up to easter every weekend and leading up to easter, there s great faith-filled music bands and today is house fires. so they ll stay with us for that. joey: walked in at 5:00 a.m. and they sounded beautiful. thought they brought a band to say hey to me. rachel: like pete said, it s like a church. pete: stick with it, it s great. joey: we re beginning with a fox business alert, the collapse of silicon valley bank stunning the global financi
fdic insurance, sorry to prolong, it only insured up to $250,000 and there s enough coverage to give all the depositors 502075% of their money immediately. joey: as long as two or three or four other banks haven t made the same mistake and predict it quickly and can you predict there s other bank withs the same vulnerability? there s not with the same vulnerabilities and people look at the same issues and this is what happen when is there s a run on the bank and doesn t happen that spawn last one in 2008. joey: the banks aren t foolproofed here and people aren t staying. robert wolf, thank you for being with us. rachel. rachel: amen to that, joey. these are the lifebloods of so many communities. thanks, joyy.