All right t. Okay. Yes. Yes s. Happy. Happy monday. L of y good to see all of you. Ou good to see all of you. Except foro seof. So at a Campaign Stop in pittsburgh, joe biden toldo d supporters to send me to congress. I know. Aides clarified that he actually meant to say block shadow. Also in pittsburgh, the police is reducingty the number of cops on duty from three m to 7 a. M. And calls it not considered progress. Emergencies will nowes w be assigned to a telephoneil unit. Pr police stations will also be placing this sign on Theirec Precinct Doors as spring break begins in florida. Theyre alreadyasin up for wt the wet tshirt contest. Herest a photo of one of thett top contestants. Wel l, just gratuitous. Res no reason for that, really. At the oscars last nighton. , i people won in most major categories, including best actories incr, best actress, beo and best director. Well, at Leasrst The Host was black. I thank. Ill take it. Oh, i feel so good. G tha and asnk usual. The In Memoriam
good evening. tonight, the latest on banking system troubles that appeared to be easing yesterday but came rumbling back this morning. deeper trouble than previously thought. then, kim news that two tragic credit rating firms had downgraded. markets plunging this morning, and that they gained back some ground by the close, the still ended the day down significantly. shares of regional banks, including first republic, were down sharply, and first republics case by more than 21%. big banks that are tightly regulated also took a hit, with citigroup shares more than 5%. good morning the moment on what this means to market economy, your money christine romans will be with me for that. first, we re joined by vermont senator bernie sanders, who chairs the senate labor and pension committee. so sanders, how much confidence you have in the banking system right now? should people what should be worried about their bank in their savings? i think we re all concerned about w
good morning, and we begin this morning with a fox weather alert. severe storms again threatening parts of the south, already devastated by the deadly tornado outbreak over the weekend. at least 26 people are confirmed dead. and several towns have been left in ruins. brian: unbelievable. robert ray leads our coverage today with the latest. he is on the ground in mississippi. robert? yeah. good morning to you. yet, another morning of absolute devastation here in the mississippi delta in this town of just less than 2,000 people the majority of the deaths have occurred here in mississippi, a total of 25 people have lost their lives. one person in alabama. and you just see parts of homes, this chair, unfortunately, lie on the slab, a huge wooden beam that held up part of the home behind me. governor tate reeves yesterday spoke to the media, toured all of this with fema administrator. and others and let s listen to what he had to say about how is he going to help his com
Announcing is he running again in 2024. tough is job. going with him 20 states. taking with him kamala harris, first lady jill biden a bunch of cabinet members. trying to convince america is he on the right track economically. that s a tough road to hoe. obviously inflation is outpacing wage gains. still going to a lingering banking crisis. the threat of higher taxes still to come just as the economy slows down. he has a tough job convincing americans we are on the right track economically. i agree with you, we are not getting better off. we cannot say to our children the future is brighter. it s not brighter in biden s america. now, that s that is my opinion. i don t think the economy is going the right direction. rachel: they keep spending and printing money or money keeps getting devalued and that s not going to help. stuart: turn to the banking thing. rachel: yeah, sure. let s talk about that. silicon valley bank. the branches will reopen under first citizens bank.
Because the level at that point was 50 billion dollars. any bank over 50 billion dollars would be under stress tests and strong supervision to make sure that we didn t have another crisis. what the banking folks came in and they said, no, no, that s too onerous, it s costing us too much money to have to go through all of these regulatory processes. let s raise that level 250 billion, meaning only the very largest banks, and the irony of this thing, is that the silicon valley bank, the leader of that, came here to washington to lobby to remove himself, his bank, from this kind of supervision. so you have the absurdity of wanting to get out of supervision, and then a number of years later, coming before congress to get bailed out. i want to ask you one more question on the banking thing. florida governor ron desantis said about sri lankan valley bank they re so concerned with the ei, diversity, equity,