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culture plus co-founder lili gil valletta and former army captain jeremy hunt. we begin with anchor and chief legal correspondent shannon bream. thank you for covering this all morning for us. >> shannon: glad to and glad you have attorneys there, including you to break these things down, as well. this is landmark decision about what higher education can and can't do about race. the court said it cannot be a factor deciding who gets into college, including harvard and unc. chief justice said here, the student must be treated on his or her experience, not on basis of race. many univer...

at thisim too. >> steve: todd, we just -- whoa, large explosion two miles behind me. black smoke coming up. any idea what that was? probably a missile. we've heard reports that russia says they are using precision-guided missiles. we've heard a large number of strikes in the pre-dawn hours for the last hour or so. it's been quieter. can you come out here and show that smoke. we'll try to show the gray smoke coming up, just bear with us, this is live tv and we're trying to move a camera. thanks, dallas. you can see in the distance black smoke coming up. we don't know what was hit, it ...

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 ha...

Equipment to ukraine and not in a dollar amount, do you think the biden administration is setting this up in way to be transition for american boots on the ground in ukraine? >> i sure hope not. on the plus side, we're obviously trying to push russia back and russia is launching cruise missiles from 160 bombers not over ukrainian space. i guess i'm favorable to the idea we're putting hardware on the ground that is defensive and capable and i don't think thatten moo -- means we will put u.s. troops on the ground. it seems to be a war of attrition and it is draining our inventory. we have to be ...