race for the white house coming in. bottom line. business as usual. all transactions are fully functional. thank you all. sandra: we begin with president biden today scrambling to restore confidence in america s banking system after the swift and sudden collapse of two banks that pumped in fears of a wider economic crisis, and a lot is unfolding at this hour. hello and welcome, everyone. i am sandra smith. grateful to start another week with you. john. john: it seems like every week there is something new. i m john roberts in washington. this is america reports. the president addressing the nation before the stock market open, assuring that their deposits are safe. taking emergency measures to contain the damage from two of america s largest firms. sandra: while the president blames bank executives and republicans for the failure of silicon value bank and signature bank, critics say about the aggressive rate hikes meant to rain and rampant inflation inflation ar
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
mike: meantime official say eight people are dead and several others missing after two suspected smuggling boats capsized off the coast of san diego bill melugin is live with all the latest developments from our southern border including the search for three missing women who disappeared after crossing into mexico more than two weeks ago for acting dhs secretary chad wolfe is also standing by with his reaction let s go to bill melugin live in mission texas with the very latest from the border on all three major stories. afternoon we are tracking breaking news out of el paso, texas a developing situation where multiple sources tell us a massive group of a thousand migrants have rush the border there and tried to get into united states via the port of entry, take a look at the video into fox news given exclusively by a contact on the ground who is with the migrants as they rush the border on the mexican side and ran onto el paso day norte bridge in el paso and started running
i am carley shimkus. todd: i am ashley strohmier and for todd piro and merry christmas with your families and friends or whatever you are doing. currently, we did get to spend some time with our loved ones. look at that. this is may be yesterday santa claus gifted those onesies but we had so much fun on s fox & friends first and we got to hang to 2 mike hang out with santa and to his sleigh, his roster next year if they passed the past but never touched a reindeer before, but that did happen. we got to have a christmas breakfast after i got done with work yesterday but look at maggie. that is my little miss maggie. she was so when enthused of course, ialways get the nicee i m that nice win. but we had some problems with our electricity. ashley: because it stormed? carley: we didn t have power 72 hours and kind of blew up again so we have to go back brand-new, mind you. ashley: were you freezing? carley: we had icicles inside and it was a complete disaster so i fee
every search you make, every click you take, every move you make, every step you take, i ll be watching you. the internet doesn t have to be duckduckgo is a free all in one privacy app with a built in search engine, web browser, one click data clearing and more stop companies like google from watching you, by downloading the app today. duckduckgo: privacy, simplified. announcement comes after more than 50 cabinet ministers resigned over shifting explanations about the handling of sexual misconduct allegations within his party and months of discontent over his judgment and ethics. in the last few days i tried to persuade my colleagues that it would be excentric to change governments when we re delivering so much and when we have such a vast mandate. but as we ve seen, westminster, the herd instinct is powerful and when the herd moves, it moves. my friends in politics, no one is remotely indispensable. johnson s resignation came 24 hours after he told lawmakers he was not g