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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 ....
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 ....
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The biden administration is partly to claim for the collapse because of the economic policy one said. somebody with a sane head has to come in and understand that you can t do two things. number one, you can t keep raising rates. you can t keep inflation as strong as it is, and you can t tax people more than they have. two more years of this administration is two more years too much. ing the u.s. federal deposit corporation will reportedly pay advanced dive dividends at the k this week. guys. pete: this bank is where a lot of startups in this country went to finance themselves. ray absolutely. small businesses, moms, pops and more on etsy. they use that to sell small business products and roku was ....