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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 ....
Winter not saying much, because we ve been so incredibly dry, but you get the idea a lot of snow across interior sections at this point will see rain along the i-95 corridor. joe jim jordan, to you inside. joey: thanks, chief. fox business alert, silicon valley blank, clients lining owl outside the bank desperate to get their money back and the startup-focused lender was the largest bank to fail since the 2008 financial crisis and the collapse is familiar to the next guest who was among a handful of industry leaders called upon by the government in 2008 to help save lehman brothers. former chairman and ceo of ubs americas robert wolf was a economic adviser to president obama and joining us now. robert, thank you for joining us. thank you, joey. joey: it s good to have someone on that can really explain this to us. in more simple turns, how did the bank fail and do we need to worry about other bankers having ....
he s worried that we re headed the same way as europe. a new scc report shows the new climate regulations could cost us more. trace: bad time. thanks, edward. let s bring in david asman, joe concha and robert wolf, former ceo of ubs americas and a former economic adviser to president obama. welcome to all of you. president biden tweeted this. quoting here, i know that families are still struggling with higher prices. i grew up in a family if the price of gas went up, we felt it. let s be absolutely clear why prices are high right now. covid and vladimir putin. last night importantly he said 70% of the price hike can be blamed on putin. david asman, is anybody buying this? ....
Call it, can be moved forward. sandra: robert wolf, former economic advisor and fox news contributor, and you used to run u.b.s. americas, so you are an economist at heart but you know what it s like to run a business. you know what it s like to deal with inflation and we are not living in a very good picture right now when you ve got inflation spiking to a 40-year high. why is it this white house is talking about spending more money in the face of that? so, being great point, and i think democrats concern is an understatement. listen, yesterday s number was nothing short of bad. it was the highest number and the monthly number as well. i think you have to look at two different sides. we are kind of in the perfect storm for inflation. you have supply chain problems and you have a consumer-driven country opening up at once. i actually was supportive of the recovery act and supportive of ....
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