tedious, tnt, and trutv, as well as on cbs. good luck with your brackets, and goodnight. good evening, everyone i laura coates, and welcome to cnn tonight. look, it s being called the first twitter fueled bank ran. customers withdrew 42 billion dollars. yes, i said billion with a b. it all happened in a single day just last week in silicon valley bank. the viral panic spreading on twitter, texts, and also attack group chats, which raises a ton of questions, like where do we get our information in who we trust with that information and what happens the next time? plus, what exactly is the mission of a women s college. now, the answer may not be as obvious as you may think. one of the top women colleges in this country, hillary clinton s alma mater, wellesley college, they re now divided over whether to open admission to all nine binary and trans inter sudan s, including trans men. we ll discuss all of that tonight. and in pre-pandemic times, they call out the olden days no
workers and pay their bills. hard working employees can breathe easier as well. no losses this is an important point. no losses will be borne by the taxpayers. dana: fox news alert. welcome to a new hour of america s newsroom, i m dana perino. bill: i m bill hemmer. dana: a great monday morning. bill: good morning at home. president biden last hour reassuring americans the banking system is in tact after the second and third largest bank failures in u.s. history in the last couple of days. silicon valley bank in california. new york s signature bank yesterday. dana: they issued a joint statement saying depositers will get their money back at both banks. here is janet yellen yesterday. whenever a bank, especially one like silicon valley bank with billions of dollars in deposits fails, it is clearly a concern from the standpoint of depositors, many of which may be small businesses. dana: the market has been open for 31 minutes. what do we know? to avoid a re
have been ringing the alarm bell for years. we begin with this fox news alert. john: president biden heading to california this hour after giving an update on the sudden collapse of silicon valley banks. the president sought to reassure americans, all while taking shots at top bank executives and republicans for the failure. welcome back as america reports rolls onto us again our appeared happy monday, sandra. here we go again. sandra: i m sandra smith in new york. the news continues. 2:00 on the east coast. sounding off on the handling of this banks collapse. nikki haley offering their take on all of that as they gear up for their 20202024 run. john: out with a warning about the future of guaranteeing deposits. politically, it s going to be impossible not to extend the same full, unlimited deposit guarantee to all banks. once you do it for one bank, it is hard not to do it for ano another. john: let s get straight to peter doocy, waiting president biden s arrival
crisis that we ve seen this kind of stunning bank collapse. that s why when president biden before the market came on the airwaves and told the nation that the government would be stepping in. watch. no losses this is important important. no losses will be borne by the taxpayers. let me repeat that. no losses will be borne by the taxpayers. instead, the money will come from the fees that banks pay in to the deposit insurance fund. martha: is that accurate? let s bring in david asman and fox business correspondent susan li. the market sold off a lot early on. bounced back. now it s up 163 points. i want to ask you why in just a moment. first of all, this idea that the taxpayer is not on the hook in any way for this. let s play this janet yellen sound bite. during the financial crisis, there were investors and owners of systemic large banks that were bailed out and were certainly not looking and the reforms that have been put in place means that we re not going to do th