bank failures, silicon valley bank and signature bank. christine romans, what is happening with credit suisse is different, but it s also spooking thing market. it is. so this is european banking fears that are now spreading back into an already fragile and vulnerable u.s. system. credit suisse down 20% to a record low. several european bank shares are halted in european trading. so that s just feeding into the worry about rising free agents and fragilely in the world. dow futures down 1.5%. if this holds this would take away the rally in yesterday. nasdaq, s&p futures also lower here. the regional banks that bounced back in the u.s. yesterday a sign of stability, a sign of relief, a mixed performance. first republic shares in premarket trading up a little bit. some of the other banks are down and again what folks are really zeroing in here is what are the exposure to these banks, these long-term treasuries, long-term securities that are going to be hard to sell in the near
they are a sneaky choice because they are off broadway right now. they didn t have a great year, a good enough year, you may want to rethink that. it s always about upsets. who are you watching? i like penn state in the texas a&m game. they just lost in the finals, big ten championship, they have jalen picket, a 6 7 guard, upsets are all about imposing your identity on the game. if you can impose say like virginia, they imposed their identity, slow the game down, or you can speed it up. penn state shoots a ton of threes, 47% of the shots from the three-point line. we didn t see your bracket. i m sure it s somewhere around here. i have kansas, yes, no, maybe so? i do not have kansas. okay. do you have bama winning it all? i m alabama. you have alabama winning? i have them winning it all. three of four people at this table have alabama going all the way. our whole game day crew picked alabama. we have to fill these things out