bank failures, silicon valley bank and signature bank. christine romans, what is happening with credit suisse is different, but it s also spooking thing market. it is. so this is european banking fears that are now spreading back into an already fragile and vulnerable u.s. system. credit suisse down 20% to a record low. several european bank shares are halted in european trading. so that s just feeding into the worry about rising free agents and fragilely in the world. dow futures down 1.5%. if this holds this would take away the rally in yesterday. nasdaq, s&p futures also lower here. the regional banks that bounced back in the u.s. yesterday a sign of stability, a sign of relief, a mixed performance. first republic shares in premarket trading up a little bit. some of the other banks are down and again what folks are really zeroing in here is what are the exposure to these banks, these long-term treasuries, long-term securities that are going to be hard to sell in the near
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
have been ringing the alarm bell for years. we begin with this fox news alert. john: president biden heading to california this hour after giving an update on the sudden collapse of silicon valley banks. the president sought to reassure americans, all while taking shots at top bank executives and republicans for the failure. welcome back as america reports rolls onto us again our appeared happy monday, sandra. here we go again. sandra: i m sandra smith in new york. the news continues. 2:00 on the east coast. sounding off on the handling of this banks collapse. nikki haley offering their take on all of that as they gear up for their 20202024 run. john: out with a warning about the future of guaranteeing deposits. politically, it s going to be impossible not to extend the same full, unlimited deposit guarantee to all banks. once you do it for one bank, it is hard not to do it for ano another. john: let s get straight to peter doocy, waiting president biden s arrival
soon. stay tuned. but really, gosh, especially having little ones at home, what you get to see versus how the world will be so changed by the time they are adults. speaking of, largely depending what we do and don t do to the world. talk about the biden administration. controversial move approving this drilling project the willow drilling project in alaska letting down many progressives and climate activists. what does it do i know there have been two lawsuits filed now against it. this will drag out. if conocophillips gets everything they want, oil won t start pumping out for six years or so. anwar is over here. the petroleum reserve interesting how names matter. it s hard to defend not drilling in the petroleum reserve. that was made in the 20s to get the navy off of coal. the willow project there may neverk exploited the. for example, anwar, republicans wanted to drill in anwar for 20