in about a year and a half, still high. bill: that would normally mean another rate hike on the horizon, but the fed could be forced to rethink that. dana: the moves are designed to protect the u.s. financial system and make sure customers do not lose their deposit. bill: the president insisting this is not a bailout, some folks beg to differ. well, it is a bailout, we give a lot of support to banks. banks pay a premium for insurance, capped at 250,000. if we change the rules and give them more coverage than anybody else gets, i think that s a bailout. the think you have to understand is that what they re doing now with the bailout, printing money to solve the problem. and there is this inflation problem that started the whole thing and they re trying to fix a banking problem by printing money. that will make the inflation problem worse. dana: we have analysis, let s begin with grady. last week a rate hike was almost a given, now things are more complicated, the
time, they are going to ensure all deposits, even those over $250,000 limit. investors will have insulation of the federal government, that is problematic. todd: alexandria hoff will break it down. regulators have waved the limit for depositors and know did the same for signature bank, which was shut down over the weekend. silicon bank, many assets were uninsured, it will prevent a run on banks and companies that bank with svb can make payroll. pinterest and zip recruiter, just to name a few. fdic reads, depositors will have access to their money starting monday, march 13th. no losses will be born by the taxpayer. the president is preparing additional comment. what about the banking crisis? president biden: tomorrow morning talk to you tomorrow morning. the president is set to deliver remarks at 8 a.m. eastern time. a bank bailout was never on the table, said janet yellen. there were investors and owners of systemic large banks that were bailed out and we re cer
Todd fox weather alert. Florida and georgia expected to face severe flood resque today. Live to pensacola, florida, it is coming down there. That is florida. Louisiana, storms ripping through the state, two dead and one hurt arcfter a tree fell on mobile home there. Carley take a look at this massive tornado touching down on a golf course in missouri. Up north, Wildfire Smoke from canadian filling the skies over upper midwest. This is time lapse of smoke blank blanketing Minneapolis Skyline and claiming the worst air quality in the country. You are watching fox and friends first, im carley shimkus. Todd im todd piro. Lets get to meteorologist adam klotz. Adam these areas have been getting hit round after round lately. Big thunderstorms moving across the gulf coast. Isolated tornados overnight indicating something going on across the gulf coast. Red are tornados weve seen over the last 24 hours. Tornado watch for panama city, tallahassee, chip ly until 9 00 a. M. This morning. Ing ingre