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United states and around the world. Im Fareed Zakaria coming to you from new york. We start with two of the worlds critical hot spots. First ukraine. Where president zelenskyy admitted that the counteroffensive is difficult as wes western Officials Say that kyiv is highly unlikely so where does the war go from here . And then to niger, where a Military Coup was launched, that makes for a six county belt of cues spanning 3,500 miles across the african continent. Well tell you what you need to know about this startling trend. Also, are you amazed by the power of Artificial Intelligence . Well wait until you hear about Quantum Computing. It will make todays a. I. Look like childs play. I talked to mitchi ....
pete: yes, it s like selection sunday. yes, no, yes, no, yes, today. you know why, because my family does our draft off selection sunday on monday. march madness begins and we have our fox & friends branded sports court. rachel: that s amazing. pete: do you shoot hoops? joey: no, we didn t have enough concrete where i lived. it was all gravel. rachel: i m tight feet so basketball is not my game. but i m excited on the square and also i m excited about house fire, which house fire is performing for faith and friends concert series leading up to easter every weekend and leading up to easter, there s great faith-filled music bands and today is house fires. so they ll stay with us for that. joey: walked in at 5:00 a.m. and they sounded beautiful. thought they brought a band to say hey to me. rachel: like pete said, it s like a church. pete: stick with it, it s great. joey: we re beginning with a fox business alert, the collapse of silicon valley bank stunning the global f ....
G7. and unemployment is at a 50-year low and wages are growing. today the fed is not forecasting a recession at all and jp chase and bank of america have walked back their predictions. so why did economists get things so wrong. i m joined by jason furman who has some answers from kennedy school and a former economic adviser to president barack obama. welcome and before we get started, i want to do a big hat tip to derek thompson, who has a wonderful podcast and he and you talked about some of those issues and this is very much inspired by that. so, my question quite simply is if someone were to ask you how come the united states is not in the recession that many people thought was going to happen, what is the answer? fareed, i think there are ....
Those obligations and that immediately and all the sudden what happens is the regulator, which in this is the fdic, the federal deposit insurance company comes in and they close the bank and take it under receivership. i know because of social media that we didn t have during the lehman crisis and this is unbelievable and a harsh time and lehman was a contagion that spread across the globe and this is nothing like that. that being said one of two things will happen. one either someone will come in and think like jp chase and buy silicon valley bank and it s very unique with these type of venture companies that you ll be able to bank. or number two, the fdic is going to do something they never really do. ....
Affected and pinterest, fit bit, a number of smaller companies used silicon valley bank and it ll be interesting to see if they get a portion of their deposits so a lot were uninsured at the bank and that s what the advanced dividends will go to. rachel: because it funded a lot of startups over the long run, could it affect innovation? can people go to other banks? obviously they could but this one sort of specialized in this tech silicon valley startups. absolutely. it ll be interesting to see if the people try to withdraw their money and go to larger institutions, bank of america, chase, thing was that nature. these are mom and pop pause businesses, think of the small businesses and think of the mothers with businesses etsy. joey: the interest rates hurt their capital and small bonds and put out we need to raise money and got everybody worried but if you can t go borrow money, you have to let somebody ....