shook customers and investors alike. the question was, and really still is, would it also threaten the broader market and the banking system? so far the answer appears to be no. markets largely held steady closing the day mixed though shares in regional banks similar to the ones that failed did take a beating. joining us shortly former treasury secretary lawrence summers who accurately predicted the inflation to walk us through what he thinks of the federal response so far including this promise from the president. every american should feel confident their deposits will be there if and when they need them. in addition we have cnn s christine romans and phil mattingly on this tonight. we begin with christine. so is the threat of contagion in the financial markets, does that seem to have passed? these two banks in particular, they put a big ring around these banks and stopped the fire here and made essentially the depositors whole. these are people who would have to go a
two banks. both with deep ties to the tech industry. the collapse of fat silicon valley bank in the bay area and signature bank here in new york shook customers and investors alike. the question was, and really still as, what it also threaten the broader market in the banking system so so far, the answer appears to be no. markets largely held steady, closing the day mix shares in regional banks amongst the ones that failed to take a beating. joining shortly, lawrence summer, who actually predicted the current high insulation to walk us through the coming days and weeks and what he thinks about the federal response so far. including this promise from the president. every american should feel confident that their deposits will be there, if and when they need them. in addition to secretary summers, we have cnn s kristen romans and phil mattingly on this for us tonight. christine, on your money, and fill, on the white house response and what comes next. we begin with christin