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banking collapse since the 2008 financial disaster. the trouble for silicone valley bank began last wednesday when it sold securities at a major loss. that created panic and the stock stumbled. on friday federal regulators shut down the bank and they closed a second lender new york s signature bank. both failures the last of largest since the great recession. they could have a huge ripple effect on the economy. that s what the president is try to guard again. president biden speaking minutes before the stock market opened defending the stability of our banking system trying to reassure americans our money is safe. thanks to the quick action from my administration america can have confidence that the banking system is safe. all customers will have access to their money. this is an important point. no losses bourne by the taxpayers. let s start there. [laughing]. david, how will they pay for this? this is the fdic. up to 250. yes, a little bit of money that banks
Harris-faulknerEmily-compagnoKayleigh-mcenanyMoneyBidenDavidU-s-NationFox-business-anchor-cherylTroubleSilicone-valley-bankSecurities 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
ThanksU-s-The-storyWomenPiecesMarch-13th-2023202313Monday-march-13th-2023300World the last word with stephanie ruhle starts now. arizona republicans block a repeal of that 1864 abortion law again. i will speak with governor katie hobbs. and wonder what a second trump term would look like? we have the play book and every voter should see it. as the 11th hour gets underway this wednesday night. good evening once again. i m stephanie ruhle live from rockefeller center here in new york city. and we are now 202 days away from the election and donald trump will be back in a manhattan courtroom tomorrow for day three of his new york election interference trial. this was a day all for the court while the judge dealt with other cases but jury selection will resume in the morning a few hours from now. so far, seven jurors have been officially selected. a total of 18 will hear the case. the former president spent a good part of this morning complaining about the jury process. he said his lawyers should have gotten unlimited chances to strike potential jurors. but
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