fargo, bank of america, jm morgan, morgan stanley lost $50 billion in market value in one day. that s a hit. on the other hand, those banks still exist. you can t say that for silicon valley bank. svb has gone under completely. that makes the second biggest bank failure in the history of this country. and the significant svb financed nearly half of all venture-backed healthcare companies in the united states. it held significant cash reserves for some of the biggest crip toe currencies. it s gone. federal regulators have rename it and taken it over. that means a lot of people lost a lotf of money. most of that money was not insured, no matter what they tell you. the fdic only guarantees bank deposits up to $250,000. nearly 90% of all deposits at svb exceeded that. and it s unclear if those people see their money again. in fact, when customers show up in svb s branch in manhattan to get the deposits back, managers called the police. so, what we have there is the 1929-style b
[ laughter ] let s welcome tonight s guests. her favorite government program would be one that eliminates government programs. host of kennedy on fox business. kennedy. [ applause ] many new yorkers have remorse, because they backed the wrong horse. congresswoman lee zeldon. [ applause ] she knows more jack ass than a donkey. co-host on fox business, . [ applause ] if the world was her oyster, she would probably get food poisoning. fox news contributor, kat timpf. [ applause ] all right, it is friday so before we get into new stories, it is time for this. greg s left overs. oh, i don t think anyone said hmm of greg s leftovers. just when greg does it, it is my first time reading these. here wewe go. this week the view lifted its studio audience mask requirement. although doctors recommended to wear blindfolds and ear plugs. [ laughter ] oh boy, we are getting into it, are we? all right. it also begs the question when will the host take off their masks? [
state of our economy. good evening. the day started well enough for biden with a jobs report showing the u.s. economy adding 311,000 jobs last month. we created more jobs in two years than any administration created in the first four years. it s no accident. it mean our economic plan is working. but that good news was quickly overtaken by bad news that could get a lot worse. thank you. thank you. silicon valley bank may not be a house hold name. but it is a very big deal in term of lending to and financing operations of many leading tech companies. and today, it collapsed. struggling with high interest rates, unable to find a buyer. well, the very last time we ve seen a bank of this magnitude fell was in 2008. and, that could be a true indication of where our economy is at. now, the white house insists comparisons with the financial crisis of 2008 are overblown. our banking system is fundamentally different because of the changes that we put in place in 2008.
making, but silicon valley s implosion is the biggest such failure since the collapse of our entire financial system 15 is years ago.o down next, and we ve got you covered in los angeles with kelly o grady on how all of this happened, at the white house with lucas tomlinson on what they hop next, in washington with former fdic chair sheila bair on why this won t be another financial meltdown, she hopes. and in florida with home depot cofounder bernie marcus who says that doesn t mean this still won t be a big confidence meltdown no matter what happens next. all that and nikki haley on cracking down at the border by sending u.s. troops to the border and a portland, oregon, businessman who was trying to make a living amidst a crime wave that is soaring, and city officials all but ignoring. busy show, busy weekend, and it all starts right now. welcome, everybody. i m neil cavuto. very good to have you. now to the our biggest story, that bank collapse and what it could portend fo
they have may have walked that back. you but it could go down either this week or sometime in the future. no show, no show hasse has sd the alarm with the rule of law and the police state. if there was an example of this, it s right here, this abomination going on with donald j. trump. the allegations that donald trump had a payoff payment to hide some sexual episode he wanted to hide from his family. i don t know if it s true or not. president trump denies it. the people prosecuting this suggest it s true and they want to take it to court. donald trump is being accused of something he denies that didn t even involve his time in the presidency that bill clinton admitted to doing in the white house while he was the president of the united states. bill clinton in handcuffs? are there threats to arrest bill clinton? bill clinton celebrated amongst the liberal tyrants that live amongst us right now. they worship the police state, they always have. from the mar-a-lago raid to