Contagion Effect Set News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 off...

crisis that we've seen this kind of stunning bank collapse. that's why when president biden before the market came on the airwaves and told the nation that the government would be stepping in. watch. >> no losses -- this is important important. no losses will be borne by the taxpayers. let me repeat that. no losses will be borne by the taxpayers. instead, the money will come from the fees that banks pay in to the deposit insurance fund. >> martha: is that accurate? let's bring in david asman and fox business correspondent susan li. the market sold off a lot early on. bounced back. no...