talked some seven weeks ago. that yielded no results. there s hope this one will. welcome, everybody. i m neil cavuto. we had a crazy day at the corner of wall and broad. we did add have two prominent irish men break bread. let s go to capitol hill. the president and speaker did not meet since they discovered the debt ceiling. no formal talk today. this luncheon has a history of helping political opponents solve problems like the good friday accords. i agree with the speaker. there s no reason why we can t find common ground. there s no reason why we can t hope to change this direction of the extremes both our parties are pushing. mccarthy whispered to the president good job after his remarks. two irish american political leaders launched this four decades ago, president reagan and tip o neal. the luncheon helped them break political differences. for america, we know the stakes are high. a clash is brewing between the president and i. what would be the ramificatio
as we delve in the you re bank is safe. i want to draw your attention to the markets today. the dow down about 384 points. there s growing concern about the stability of the banking system. given this sell-off, it occurred for banks that we re getting these tens of billions of cash infusion and everything else to stay afloat, a lot of that just evaporated today. so whether you were credit suisse that got $54 billion from your own government, the swiss national bank and first republic that got it from big brokerage houses, it did little good. is that a concern? we ll look at the impact of all of that. meanwhile on st. patrick s day, people are trying to get their mind off of losing green and
neil: all right. the president wants to let this puerto rico thing play out. but he created a firestorm when he told geraldo that maybe the time is to come that after maria and the cost of the hurricane and everything else, recognize the obvious and all of these big brokerage houses that are on the hook for the debt is washed away. forget about it. that s one thing. but they need about $90 billion worth of hurricane aid now. so that s a lot of money to wash away, right? what is the fallout from this? larry glazer is here with us. smart folks like you remind me the president can t just do that. but he can influence the process. he was more or less to me saying the obvious to these debt holders. you re going to get burned. you have to live with it, deal wilt and move on. you know, neil, as americans, we have a responsibility to provide the basics. the food, the water, the electricity and the shelter.