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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 fr ....
Do you do, this is not how i spend my day. i spend my day working with my team and selling wine. we re a venture back winery consumer. we make our own wine. so time is of the essence. there was in time. neil: so indirectly, the bank was part of the financing for your or the people participating with. can you explain? yeah, first of all, the team at silicon valley bank are incredible partners. you know, we raised venture capital. alongside the venture and also private investors invested in drink boxt. our partner gave us venture debt, which they take risk alongside our investors since we re a startup to give us access to capitol that the big ....
Ftx will be able to make payroll here in the tech community. i got a few texts of relief but not everybody is buying it. fox talked to one ceo that flew all the way from australia to make sure he got his money. we weren t sure what the situation would be like this morning. we wanted to make sure that we were able to get in the door early. most of the money in this bank is used to pay payroll. who will lose out? it s not the billionaires, it s people that have their salaries paid. that s why this bank exists. so the question is where do those people go. that s because close to 50% of u.s. venture capitol startups equates to svb. i poke to the founders of svb. they provided loans and services to the tech system that people couldn t get anywhere else. there s a lot of trepidation about which banks are credible. i spoke with a founder that was ....