a lot of people are frustrated and scared. it s scary for the world, i guess. i anticipate there will be a lot of moving money to the bigger banks. neil: unbelievable. believe it. fox on top of it. a banking mess in the making and still messy. three banks have technically collapsed this month. actually in just the past week. so far fears of a contagion are not taking held. here s what we know. customers are nervous, make that very nervous. officials aren t helping matters in when they say don t worry. we ve got this. do they? we ve got you covered with kelly o grady outside silicon valley bank branch where customers have been lining up. peter doocy in san diego where the president is trying to tamp fears down. peter, what are traders watching? none other than carl icahn on where this crisis could be heading. welcome. i m neil cavuto. so much happening today in real time fast time market conditions. let s go right now to kelly in los angeles with the very latest from the
the numbers tell you otherwise. meme could look at this and say gee, maybe we re going to something bad. i ll skip applying for that mortgage or reapplying for a cheaper home equity loan. i m nervous. we saw that in a lot of leisure stocks and all that were taken on the chin under the belief that maybe this gives consumers average americans pause. do you buy that? look, they re going to be anxious. they have every reason to be anxious. one of the things that are working for the housing market is even though we took a siesta last year, so as interest rates are going up, some around october, which is when they peaked, a little around 7%, there was a huge pause. a palpable pause in the housing market. so you saw people sitting on the sidelines, waiting for that opportunity. rates are going up. that has to mean that inventory will jump or prices will fall through the roof. come october, they were waiting. all of a sudden, the rates