there. so target. >> i love "squawk box" from 6 to 9, joe, right, becky >> all of them >> who else is going to be there tomorrow >> tomorrow i'm going to be there. >> love that >> isn't that great? >> it's must-watch tv. >> do you have a trade, police >> sr. >> all right thanks thanks for watch fast "mad money" with jim cramer starts right now my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. call me or tweet me @jimcramer if the consumer is confident then i'm confident at least

about business we are a consumption based economy in this country. two thirds of our commerce revolves around the consumer, so what matters most is whether the consumer is tap out, fatigued, worried, or just still -- right now you can feel the confidence of a the system. s&p gained 1.6% and nasdaq jumped 2.14% what a come back an hour before the close. don't kid yourself these are actual runs. lack of confidence is behind the big decline in retail spending those numbers have just been awful. we're out of confidence when it comes to real estate few executives seem willing to force people back to work in person of course, though, there's still big pockets of confidence and we've got plenty of them wave got number from small

business index this morning. we know housing and auto, and travel it seems it goes to no end. i call that the long on money short on time trade. as people looked into the abyss of post-covid and decided damn the savings, let's go somewhere. it's an extremely cool plane, let's load it up as long as because life is too short. no wonder airline tickets are 3.6% perhaps more important is a chart i saw a chart really kind of blew my mind, she pointed out from her perch now as morgan stanley's global director of research a chart that shows and i quote consumption has been resilient but shifts in how consumer is spending may have a slow down, end quote it means, quote, consumption is set to soften in coming

quarters credit card usage, quote, has risen across the board noting it's not only subprime borrows to fund spending if the consumer gets tapped out and confidence wanes further because of the things that happened with banks last week the fed can't afford to continue raising interest rates that's good. we're still not seeing the massive layoffs the fed wants to crush wage inflation we're still paying absurd prices at the supermarket don't tell that moo tie wife who paid $1.87 each for four honey crisp apples at target this afternoon. highway robbery. i'm focused on confidence, though, because that's at the heart of most important issue facing this market, the rise and fall and possible rouse again of the regional banks regionals rally big at the opening as a senior treasury

official told our own cnbc steve liesman there's an implicit guarantee they'll make whole any bank that failsch i've seen many a bank failure this is the first time i've seen actual deposit gigantic outflows with the exception of the recession. in my lifetime bank runs usually stem from the firm not having enough equity on its balance sheet. they don't have enough capital at the company level this time it's about deposited flight kind of like what we saw in "it's a wonderful life." and that scary dream sequence. because of the ease in which deposits can go from one bank to another thanks to modern online banking platform, it's quite easy to wipeout a regional bank with a few well-placed tweets and cellphones and that happened. sure there are lines around the block for atms

i think it's worth dwelling on this point because we've got a nice reprove today nice rebounds, not back to where they were, though. i'm still confirmed the newfound lack of confidence in the banking system makes it imperative for the federal reserve to pause after it raises interests by a quarter point next week. look, i've been -- they're a bigger supporter in this country of jay powell, our fed chief i've been with him in his whole way in his quest to beat back inflation because that's how you destroy the power of the savings of the working person. until last week the fed had to take rates of 6% to get this done i thought that would be prudent and i said so on-air i now think it would be reckless if powell goes much beyond 5% where it is now with another quarter point rate hike. i think confidence has been shaken by these bank failures and it's time to take pause.

we don't have enough information to say deposits are safe in any given regional bank because right now it depends on how bank bonds are doing and how the portfolio is situated. we don't do that in this country. if they have losses on their bonds and ratings and agencies question their portfolios, well, you might not get your money back at least as far as you like maybe take your money out of your bank all together, that hurts national lending now, you could say who cares, there are plenty who might not have much exposure to the broader economy. hey, maybe you like tech, but go read mark zuckerberg's incredible epistle where he nailed on the meta platform's gourd today. he's at the vanguard i like tech but i'm not oblivious to how sensitive this industry has become. i think they're rallying because the market is undersold.

when it comes to the fed's next month you think they'll take into account the layoffs from silicon valley as startups may have had their lifeline pulled by the collapse of the silicon rally bank i don't know there's cross currents everywhere a fantastic set of numbers this very evening from the giant national homebuilder, monster top and bottom line beat while giving us some stronger than expected forecasts for orders and deliveries in the current company. while it's great for them it's actually not what jay powell wants to see housing is refusing to rollover and play dead. we don't have enough homes being bought or for sale as we used to on the other hand, commercial real estate at least the second and third tier buildings getting clobbered in large part because few ceos besides mark zuckerberg to say few people must come back in person every day. but that's what's killing the real estate investment trust

so now, for a second, all i want to do is put it all together to sum it up so you really understand why we could rally and yet why i'm concerned. until last week's banking fiasco i think jay powell was losing the war against inflation, losing it. but the collapse of some highly visible banks, the fault and the possible tapout of the consumer as savings seem to be ending and now spending is actually from what you have when you're making mup athat means credit card debt makes me feel the plane is on the cusp of a soft, safe landing. bottom rine we don't want the fed to turn a potential soft landing into a hard one because a couple of jack upped ticket prices chris? >> hey, jim, great to talk to you. i've been a fan of your show for

years. >> thank you, buddy. >> i have a question about huntington bank. >> i think that huntington bank at 11$11 is a buy i think steve is doing well as a ceo. it's business as usual with a 5.6% yield, i think this is one that i -- if we didn't have financials for the travel trust i would indeed buy some of this because it's down almost 30% in the last month no outflows to speak of last week let's go to david in virginia. >> boo ya, professor cramer. we need to hear from you in these times. >> thank you, buddy. i was going to take a little time off but i'll get there. >> news reports that boeing has reached a deal with saudi arabia for up to 121 airplanes and also in talks with japan for sales of their 737 max.

is now a good time for me to add to my holdings in boeing >> yes phil lebeau interviewed him, i really like what's happening at boeing it hurts me. you've got to own your mistakes. this one i should have held onto all the way because it's going to make a big come back. we don't want the fed to turn a potential soft landing into a hard one j i'm learning more about what investors can expect in the future from the company's outgoing and incoming ceo. and on sunday various government agencies tapped into this thing -- all these different acronyms, well tonight i'm going into what the nitty-gritty really was you need to know this stuff. and could a chemical giant give your portfolio the reaction investors would hope for nice yield there i'm talking to the company's top brass fresh off its capital markets today. so stay with cramer.

don't mess a second of "mad money. follow @jimcramer on twitter have a question tweet kramer send jim an e-mail to madmoney@cnbc.com. or give us a call at 1-800-743-cnbc miss something head to madmoney@cnbc.com.

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a major announcement from one of the world's largest industrials, honeywell, one of the first stocks we ever bought. the honeywell ceo who took over in 2017 will be passing on the ceo title effective june 1st his replacement is a 34-year

honeywell veteran, certainly not coming from left field, current president and coo so what does it mean for the business tonight we're lucky enough to have both of them, the chairman and outgoing ceo who will become executive chair and active and the ceo who on the heels of the presentation earlier today really has a great story to tell gentlemen, welcome to "mad money. it's bittersweet i've really enjoyed both your person and how much money you've made for shareholders. it's been a remarkable period, and i want people to understand why you're stepping up to executive chairman because there's some soul-searching involved here. >> oh, sure. it's always a tough decision, but i think the timing was right. there's a lot of things that are going well first of all, most importantly he's a person been here for 34 years. he's ran half of honeywell he's been coo for the last nine

months, and there comes a time when it's his time, and he's done everything that he needs to do is to be ceo. the second part important is honeywell is a in a great spot we're well-positioned and transformed the company over the last seven years and it's well-positioned and he's going to take it to the next level and on a personal level i want to find more balance to my life. you know, i think you've put in the work and it's been great work and it's an honor and a privilege to run honeywell, but at some point you've got to find more balance >> let me know how it goes because i'm struggling with the balance issue. massive firepower, unbelievable balance sheet. a company that got rid of businesses that had their day and picked up businesses that are going to have their day. do you like the mosaic as it is?

>> i think i have a harder task because he's leaving a great franchise behind there's always elements of it we can look at differently and that's the work we can do in the next three months and take some calls what we're going to do differently. i think our portfolio is in a good shape >> it's not about friends but you've got to be good neighbors. and he said to darius, it's all yours, do what you want and holy cow did darius do what he wanted are there some things you proposed you really want to double down on perhaps because they're very exciting? >> i have a lot of passion for sustainability and honeywell has a great position for sustainability in its portfolio across all segments. i think given the compelling need we all have to do something about climate change honeywell is going to do a lot more than that we'll do things organically and

we'll find things inorganically, too. so that excites me a lot i think it's something we do well and something i personally have a lot of questions for. >> i know our viewers want to balance sustainability and also some cycles that are incredibly powerful you are positioned in this company for the cycle, obviously saudi arabia and china has a lot of planes they need. how many years >> i see the next five years at least to be terrific years for aerospace. and it's based on facts. if you take a look at our backlog and the growth rates we're seeing, now we're starting to see the unlock in the supply chain. i'm very confident in the run away we have in aerospace for

many years and that's across all three segments, air transport, business aviation, as well as defense in space >> when i look at aerospace, i love it so much. and then i start thinking to myself we're getting dragged down here by safety and productivity solutions, and margins are good i'm wondering i know you want to do some bold ones, do you do more aerospace or is aerospace kind of all picked over and it's better to spend more time working on performance materials and technology >> from a portfolio perspective i think our options -- the good news is we have four segments and options in all four so we're going look at things at four types. i think aerospace is very rich making the case for any acquisition there is lower sensors is an exciting place for

honey well a lot to do more on autoimation and software, so there's a lot of things to go after. doesn't mean we'll not go after anything in aerospace. in the relative scale of things it looks a lot more attractive >> the company has been very disciplined and we've heard many times in the last three years things have gotten too expensive. perhaps it's the old trader. sometimes it's so expensive i'm willing to sell it we can't get to sell when some of these businesses are paying that much and we'll sell them. >> i guess that's a principle we follow, so there's a good deal for our shareholders everything is open >> in the meantime the stock coming down, don't you want to buy as much as possible? >> we believe in our stock we think honeywell stock is in a great position we're going to have strong 2023 guided and we're going to meet our guide.

i think share buy back is a great option >> and i want to be sure people realize you're not just checking out executive chairman means you will be involved even in some of these acquisitions >> absolutely. that's one of the areas of focus for me and there's a lot to do and you're spot on it's not just acquisitions but portfolio shaping, always making the quality of the portfolio better, adding things well aligned to mega trends and growth and eventually subtracting things, so i'm looking forward to that next chapter and we worked together for 11 years >> i had an inkling that i might hear this, and i have to tell you i'll dearly miss you because you've done a remarkable job and doing exactly what they've said, take advantage, take the stuff and you did sell some businesses

at their high and bought some businesses at the low and always did what's right for shareholders i want to thank and by the way coo for many, many years not coming out of the blue q >> cramer studies the regulator response to the svb fallout. is the capital rising to the occasion find out next.

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the kip tow focused signature bank i didn't put it into context, so tonight i want to get a little bit in the weeds and explain what exactly happened when the trashy department, the federal reserve, and the fdic together took action to prop up the financial system this weekend, because the details matter here. and unfortunately those details are full of authentic wall street gibberish that do not inspire confidence what exactly is the government doing to put out this financial wildfire, first the fdic announced they'd be making all depositors whole in silicon valley bank and signature bank and that means even those balances above the 250,000 threshold, now this is an implicit bailout, you can use that word from many startups who had multiple millions of dollars in individual camps. it was a controversial move, but i don't blame the fdic from

going there. we saw what would happen to depositors who weren't able to get out fast enough during the bank run a lot of these are sizable corporate customers and there was a fear many of them might cause all sort of spill over effects. don't forget two banks, svb, and signature bank, that's that one a crypto bank from the east it seems clear the biden administration wants to give people the impression they set a new impression here. the fact is there's no implicit system wide guarantees when you look at the statements from the trashtry department they repeatedly say your deposits are safe. if the situation deteriorates we

do get an explicit notimplicit guarantee. they probably won't go that far this time, but if we see another major bank failure, many one of these regional banks that sold stocks but bounced back big today, they could guarantee 100% of the deposits one by one which would send a strong enough precedent to hopefully prevent bank runs. this is about trying to stop and pull your money out. second the most significant announcement from the government the federal reserve rolled out a new lending facility and it's called the bank term funding program or btfp. remember how silicon valley valley collapsed in part because they invested in bonds that went under water and went up in term and then took huge losses when they were forced to sell those bonds to raise capital the fed doesn't want that

happening again so they're willing to make very advantageous loans against very underwater u.s. treasuries, guaranteed paper, agency debt meaning bonds from government sponsored organizations and some mortgage banked securities remember they're willing to lend against them at a higher price than they are. can you imagine if they lend against your house at a higher price than your house is worth silicon valley bank and silvergate invested in extremely high assets and they didn't screw that up. because the fed raised interest rates so quickly the longer-term bonds plummeted in price again, high quality bonds can still go down in price normally that wouldn't matter because all these securities held to maturity, you get your money back but because svb and silvergate saw the deposits vanish so

quickly not only destroy confidence in the institutions but on a grand scale these customers out of money so now the fed has a program they'll lend against these under water bonds as if they're not underwater for about three years. it's the government. that way struggling regional banks won't be forced to sell-off at a loss anymore at the same time they had this and i studied for like three years to finally understand it the fed's discount window will begin valuing collateral the same way as the bank term funding program. the question is will it? can these moves get us through this crisis of confidence in regional banks i have to tell you i'm optimistic you also need to understand the limitations of what the government announced everything they did this week was to inspire confidence for you. inspire confidence you'll stay

put and something sorely needed at the top of the show it's huge if it restore confidence in the regional banks, prevent you from getting your money out this is how the smaller financial regulators always operate. during the covid crash in march 2020 the fed announced they'll begin buying corporate bonds but you know what, interestingly enough because of confidence the fed never ended up buying much corporate debt because just the announcemented allow companies and carnival which was the epicenter of the whole epidemic, of course the new program does have its own limitations just buys them a years worth of time to do what, to raise capital. and how do you raise capital to sell common stock

typically it may be discounted prices that's what people are worried about to get their houses in order. the thing is time is everything in these situations. there's a difference between the stock taking a big hit and the entire bank going under. and believe me we want the former there's one more extremely helpful change that's got nothing to do with government. as a result of the mini banking crisis over the past week we've seen namely pure and simple u.s. treasuries that pushes the prices up and the yields down. hey, this is gigantic, they're now substantially less under water. while it's only been two days since the government took action i've got to say so far so good we still don't know the full extent of the damage here so we'll have to wait and see, but right now i'm applauding the fed, the treasury department again, we don't have enough clarity and i keep emphasizing

that because there's still a lot of question marks. as long as the federal reserve eases up and commits it's possible we're out of the woods. bottom line, what the fed, treasury, and fdic did this weekend wasn't perfect, wasn't elegant, but it's a solution that protects the mostly innocent depositors in these failed banks while still cramming down the shareholders they get nothing and hurting the executives and blowing up the whole operation without costing taxpayers a dime pretty good recovery work. i'm taking call. let me go to john in colorado. >> hello, jim. a big boo ya from boulder, colorado where it's 60 degrees and sunny today. it's beautiful long time viewer, first time caller and happy investment club member and i really appreciate the extra long investment club morning meeting yesterday. we needed that >> we have to do that stuff. we work for you, my friend

>> thank you i've learned the payroll companies are beneficiaries of higher interest rates with their abilityto generate increased revenue from the higher rates applied to the money for their customers. stock price had quite the run up hitting an all-time high in december 2022, but since december adp stock price has been struggling and down 20% from the three months from that high back from the level it first hit in july 2021 my first question do do you think it still has to run -- >> this is such a great question the stock ran up because as interest rates ran up they made more and more money off the flow companies give them the money and issue the paychecks to make the money in the it interim. but that was then, this is now people feel there's going to be more layoffs because of what the

fed has done the answer is right now i can't endorse adp. i feel more comfortable with paychecks because small and medium sized are doing better. john >> hey, jim, love your show. i learn a lot from you >> thank you >> i was wondering what you thought of ambac financial group, they're trading at half a book value right now >> well, i think a book is suspect. and i think the business of guaranteeing is something i never got over as being negative in 2008. now, they could tell me, jim, we're not the you think we are but you know what, i think when you guarantee anything you better be paid a lot for it. and if i get in that game i'm going to buy what berkshire hathaway guarantee what the government did this weekend wasn't perfect but they did manage to protect depositors and punish executives and spare

taxpayers. not bad. our new company strategy on capital markets today which i think is very exciting and then meta announced another head count reduction, so what has the tech giant figured out that silicon valley can't seem to embrace i'm going to give you my take in the lightening round. so stay with cramer.

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can a storied company change its stripes? can a tiger learn new tricks can a company known as a contributor become a leader

ensustainability while somehow also becoming a better business? well, if you believe -- i think the answer may be yes. earlier today they held a capital markets day event where introduced new long-term strategies all about creating solutions for every day sustainable living more importantly they believe they can accelerate growth, expand margins and improve all they want. i keep telling you cyclical smokestack companies have increasingly embraced sustainability and they mean it. makes them less acceptable and might have been for business and that seem like a good example. please don't take it from me he's the ceo and give us a break down of what's going on with this company welcome to "mad money. >> thank inviting me >> i've long admired your company for its cash generations. you're in every single business in terms of we all use your

product, we may not know who use it, but i thought the sustainability and recycling you're talking about might make it so people can finally understand you're not just a plain old plastics maker >> yeah, it's a very good question you're asking, and we see ourselves as being a leader in our industry. we see ourselves also as we can make our contribution in helping the planet be a better place by recycling very good carbon that comes out of renewables, that comes out of waste plastic >> but why would you be better than anybody else at recycling can that be done at scale and profitable >> it can be done at scale and profitability, because we see there's a huge demand by the big brands if it's in the automotive industry, if it's in packaging or food industry they're all asking us the same question. can you get these products, can

you get them at scale, can you get them at quality, and can you get them also as fast as possible >> well, at the same time i wonder if you were not doing that i'd be talking about your value enhancement program and how china might be worldwide growth we need a balance here if people are obviously interested in your recycling efforts, they do want to know the core business remains strong >> of course our strategy we communicated today consists out of those different pillars. the one pillar is we grow and we upgrade the core, so we know what is our core these are materials that everybody knows. if you want to reduce the weight of cars, ev cars, you have weight because you have the batteries in the cars so you want to make sure the weight is reduced, which is ideal for our products in being used >> peter, let me try to figure out the balance here

i want people to buy the stock because your dividends look great. you get paid that while you make this transformation. for individual investors isn't that a great way to go >> we have a good track record and cash generation and very good dividend as you said. we did some share buy backs and an extra dividend and increase which is 12 years in a row, and we believe we can actually implement our strategy by having that consistent capital allocation, but for that i mean we need to of course focus on really what is core of our business and as i said the first thing is upgrading the core, growing that but also building up that circular business and low carbon solution >> we're short refineries in this country and we need

refineries, but refinery is a dirty business and here i see you actually sell refinery which would make it so your carbon footprint is smaller >> definitely planning to exit our refinery we have in houston and a very old refinery, but we do believe we have very good people on that refinery. on the other side we have very good equipment if we know can turn that into the producing the hydrocarbons needed and build that up where we have a big side, that's what i believe is making a very good contribution into our society and also is a very good value proposition. >> you have big business from europe do you think you're so-called got lucky because it didn't get cold this year because it could have been a tremendously difficult situation because of ukraine and russia >> we have a very strong position in europe and that is

very strong position because we're very close we work closely together with the different converters in that industry and, yeah, it has been an extremely difficult year last year continues to be difficult. but we do believe, i mean that we see that transition in european market to where it's more circular, more renewable products and that's an opportunity for us >> last question, if you're a younger person out there always trying to get a little energy, little dividend, want to get some growth. what would we if we were five years from now be talking about? say listen we have this cash generation, would that be the theme? >> i think transitioning of our business that we have to where it's more circular and renewable solutions, and by the way i have a daughter of 23, and i have a son -- >> i'm supposed to bring my kids up always just talk about, dad, don't have those plastic guys on so, yes, the next generation you

listen to. >> absolutely. that's what they're asking, and these are the questions they're asking >> and that's peter, in the meantime, guys, huge dividend and a special dividend worth the wait as they transition to a more sustainable future. "mad money" is back after this >> coming up, what's on your mind primamerica, give us a cal. ♪ at morgan stanley, we see the world with the wonder of new eyes, ♪ helping you discover untapped possibilities and relentlessly working with you to make them real. ♪ because grit and vision working in lockstep

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it is time it's time for the lightening match. and then the lightening round is over are you ready? phil in north carolina phil >> jim, how you doing today? >> i am doing well, phil how about you? >> i'm doing okay. i've got it tell you you're like a family member over here. my grandkids ages 8 to 22 all know you, okay >> this is for them. what's going on? >> yeah, my granddaughter over at bloomsbering college i mention to you >> i know that town. my track coach went to what's going on? i need a name. >> okay, give me a second with this billings, montana, okay? it's a regional. you gave me this stock 13 years ago. first interstate bank, okay.

i've had it for 13 years, 5.89%. should i keep it or what >> here's the problem. two weeks ago i'd say i remember, it looks good. now we've got to do more work. you cannot opine on a bank unless you've done some work so we're going to take a pass on that let's go to craig in california. >> hey, jim. >> i'd like to answer that but i have to ring a buzzer but i can't get the thing open i can't opine until they fix the theft problem because i ordered batteries from amazon faster than they try to open the thing. let's go to bob in florida

bob? >> yeah, jim, thank you for all you do for us home gamers. regional bank, it has good fundamentals it's much less volatile than many other banks in the same space and 4% dividend. >> that's a bank i like. that's one i looked at when i looked at these things i said, come on, would you stop it already? i do like them every bank's suspect right now but i do like them and that, l.j., is the conclusion of the lightening round. >> the lightening round is sponsored by td ameritrade coming up silicon valley will never be the same zuckerberg, meta, and a new doctrine for the future. next

silicon valley will never be the same no, i'm not talking about the demise of silicon valley bank. i'm talking about silicon valley as a phenomenal incubator of ideas, fabulous creator of breathtaking hardware and software and a rapid accumulator of wealth regardless of the strength or weakness of an economy. that silicon valley no longer exists that's how i felt when i read the update on meta's year over year efficiency.

it lays out a simple doctrine do more and better work in a leaner organization he's laying off another 10,000 people on top of 11,000, not lat long ago and he's not hiring 5,000 more, enabling the company to be more nimble without redunditant layers he regards as blocking efficiency zuckerberg uses the word efficiency or efficient 20 time in his 4 1/2 page memo i counted it price target boosts all day. stock jumped more than 7% and rally and rally. as wall street sees it if you can cut your workforce by 24% you've got a bright future with massive earnings down the road called leverage. but we need to think bigger here because zuckerberg is thinking bigger i think he did the right thing he's talking about a world where tech is no longer able to break away from the slings and arrows.

he wants to get ahead of what he feels could be a prolonged period of slower growth. that makes sense he's laying off nearly a quarter of hiswork force, for heavens sake it wouldn't impact the entire country. some would say zuckerberg unlike the ceos of these other companies has taken a page from maybe coach lombardy's play book he's simply doing what industrial has done for ages, layoffs, restructuring and not to mention earnings -- not just to boost earnings. that's not right to right size the enterprise going through a difficult economy to save the institution for later. this only stants stands out because for more than a decade tech simply outran every economy around the world that they simply couldn't hire enough people to meet demand.

that's how all these companies gain so many employees with every success on fed tightening zuckerberg relies that's no longer the case. it's not any different from any other companies because they can't afford not to. i'm sure the rest of silicon valley is shuttering over what the man did today. he defied the tech orkt d orthodoxy you can ignore everything around you. right now there are enterprise companies loved and there's 500 enterprise software companies in the queue to become public it's become the premier league of tech. i think if wall street recognizes the new reality most of these cloud software plays and enterprise software would either fail or be forced to merge. they could end up looking like

glike gitlab i want you to get used to these kind of declines from unprofitable tech companies. this is now an industry where if you don't get lean, you'll struggle to stay afloat. while we this can of the other silicon valley bank right now, we recognize it incubated a ton of what i think were dubious companies. somewhat akin to the dot combubble causing a spike of inflation a major driver of the fed's fight against an overheated economy the institution must prevail they're all confident business is about to come back no matter what they are in a word, fools. as are many of they're cloud based analytics fueled powered compadres. zuckerberg has been assured right along with his company if you aren't efficient, utnot

going to make it, and many of these tech companies wouldn't know the difference between an efficient company and an efficiency where their employees might soon be living and pretending to work from home while meta's people prosper at the office i like to say this there's always a bull market . all right. good evening here. good afternoon out west. i'm brian sullivan the shock waves to the collapse of silicon valley bank it's still being figured out, and there's much we do not know about what exactly went wrong. we do know the political blame game is ramping up at a pace that would put any tech startup to shame you got one side blaming the bank's culture, which seems ridiculous, and others blaming the dodge franklin bill, in