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the dow turned to a 73 point gain. the nasdaq eking out a two point gain. tiny loss actually for the s&p. this is where it was different from 50 minutes ago when we were down across the board. look at this, yield on treasurys keep on coming down. this is hard to believe, the yield on the two-year treasury is 4.14%. what was it two weeks ago at 5%? it is down 45 basis points. you ratherry see that kind of a movement. do we have the 10-year? financials. these are big banks, morgan, jpmorgan, citigroup, bank of america. they're all down but not as much as the regional banks are down. so this, this crisis is not yet really affected the big banks. it has affected bitcoin. it has gone up. bitcoin at 22,500 bucks per coin. we're all over the place this morning. that's the markets. now this. we are in a banking crisis and we don't know where it is going.

it is a fast moving situation. an hour ago the president addressed the crisis and said this, our banking system is safe. managers at the banks will be fired if they are taken over by the fdic. he said he will do whatever it takes. got that backtrack a moment, who is to blame for this? in my opinion massive spending by biden team, massive money printing by the federal reserve, which pushed the fed to most rapid rise in interest rates in a decade. i add bad management by banks didn't help. in some cases woke agenda might be a distraction. where we're going? it is hard to say. the crisis is unfolding as we speak. looks like some changes may be coming. the federal reserve may be reluctant to keep raising interest rating a agressively. that is not something central banks do when there is crisis in regulators.

they may raise insurance coverage on deposits and how much ready cash the banks have to have in reserve. it is intensely political situation. the they are backstopping a lot of small technology companies many working on climate change solutions. you have to bail them out. with the signature bank in new york, they failed, the authorities are backstopping that bank that went heavily into the crypto market. now if a full-scale bailout happens, the taxpayer would then be on the hook for the mistakes of the financial markets. the left will not like that. they have no time for wall street. we need the voice of experience. we found it. mark grant, he has been through all kinds of crises in his time. he joins you now. mark, do you fairly, squarely blame the fed for all of this? >> i think the fed has to take some responsibility, stuart, yes. the fed has been raising interest rates to combat inflation. they haven't let up and that means that the collateral damage

of that is, treasury bonds have been outstanding, the prices have gone down, the yield has gone up. so the collateral if you will of many of these banks is much less than it used to be. that is part of the problem here. the fed in my opinion has moved too aggression isly on inflation and there's a lot of collateral damage. one as i just mentioned, the price of treasury bonds are down. but also people fidelity quoted last year that the average 401(k) was off 23%. we've got costs of borrowing going through the moon. costs of borrowing now on a credit card is more than 20%. so the fed itself is creating inflation by the way they're handling things. -- stuart: let me jump in for a

second. we have a active situation going on here. is the, is this over? is this nearing a conclusion? >> no i don't think so. we've seen three banks in the last week go out and while you say regional banks which is a correct statement for instance, the silicon valley bank was the 16th largest bank in the united states. we're not talking about, you know, some little tiny bank in rural america. we're talking about silver gate, silicon valley, we're talking about signature bank and also seeing other banks getting hit pretty substantially this morning like first horizon. it's mess. i don't think we'll be done with this anytime soon. stuart: you know i read your commentary. you send it to me regularly. do you believe central banks all around the world, central banks

around the world leading us all to ruin, do you believe that? >> i believe they have been too aggressive, way i put it, stuart, raising rates to halt inflation. there are other components of this, collateral damage going on as a result of what the central banks are doing. it is my opinion that the central banks, the fed should stop, just stop raising interest rates for a while. by the way goldman sachs was on earlier saying they didn't think they were going to raise again next month. i think they need to wait two, three, four months, let things couple down at four 1/2 or 5% inflation rate, see how things are going. then come back in and decide what to do i think they're moving way too quickly. stuart: we got it. mark grant, thanks for being with us. you know something about this. we appreciate it. see you soon. >> thank you, stuart. stuart: some liberals are trying

to blame former president trump for the silicon valley bank collapse. how is it trump's fault? lauren: in 2018 rolled back bank rules with bipartisan support. congress increased amount of deposit for a bank too big to feel increased regulation. went from 50 billion, all the way to $250 billion. okay, i'm not done. silicon valley bank ceo, greg parker, former congressman, barney frank, who was on the board of svb, but also responsible for dodd-frank lobbied to lessen those regulations. so he was onboard with this. okay, labor secretary under former president bill clinton robert reich trump deregulated banks like silicon valley bank. the day before it failed svb customers pulled out rate of 500,000 per second. the difference between 2008 and

now is digital era. you don't wait online. you do it on your smartphone, 1, 2, 3. the pace of this was nearly impossible for anybody to keep up with. very rapid. stuart: we got movers today, some are up. some are sharply down. lumina. lauren: report activist carl icahn is doing a proxy battle seeking three board seats. he is looking at the acquisition of grail two years ago. look at this stock go up, 50%. sanofi agreed to acquire them for $25 a share in crash a near three billion dollar takesover. the reason sanofi wants to diversify, work further on a diabetes drug they have with them. stuart: in a banking crisis, is tesla up or down? susan: down. analyst at wolf research cut

them to hold. they were worried about delinquencies. stuart: we have anything else. no, we don't. movers. the dow is now up, up nearly 200 points. that is a real turnaround. it is called volatility, folks. we're in a banking crisis. never know where it is going. stocks up and down all over the place. stay tuned permanently. former president trump targeting ron desantis again. heading to iowa on heels of desantis' trip there. quoting, very shawl crowds for ron desanctimonious, against farmers, social security, medicare. why would people show up other than fake stories from the fake news, end quote. sean duffy with me now. let's cut right at it here. is it coming down to two candidates, trump, desantis, that's isn't. >> first can i say i couldn't agree more with your take what happened with printing and

borrowing, stuart. you also forgot the fed tried to play this trans tore inflation. it will go back down. they waited too long to address inflation and tried to move way too fast. with regard to donald trump, listen, i think trump's a scrapper, he is a fighter. he will attack ron desantis, to take liberal talking points, he doesn't support social security or medicare, that is not the right attack on ron desantis. but i think what he is doing here, ron desantis has been a big dog in the florida pond. the problem is how does ron desantis play in the national media? how will it take donald trump's hits he will throw at ron desantis? if you look at the debate, ron desantis in last governor's debate, didn't do very well in my assessment. i think ron desantis per the view of trump, listen i can punch this guy. he made of ceramic, he will crumble and this is just the beginning. again i think this is more about giving some punches to see how ron desantis can take them.

by the way i don't like the desanctimonious, donald trump is better than that. terms and phrases he uses to take people down. he has to come up with something better than that. stuart: real fast, you're a bitcoin kind of guy. crypto kind of guy. can you explain why crypto goes up to 22,000 on bitcoin when the crypto market is in turmoil with the signature bank failure and other crypto bank failures? how cam it is at 22 grand? is somebody manipulating this, sean duffy? >> it flight to quality, stuart. you know what? i do think if you look at crip poe, gold, they are both up today. when you get nervous what is happening with the dollar and banking, people are trying to hedge, they're going to bitcoin, they're going to doled. and i think that's the play right now that you're seeing. stuart: all right, sean, we'll leave it at that. you're the last man in bitcoin still standing. sean duffy. quality. okay. thanks, sean. i will be watching you on

"the bottom line" 6:00 p.m. eastern on fox business with dagen. thanks so much, sean. look at this, this is extraordinary video, 1000 illegal migrants rushed the southern border. bill melugin will give us the latest developments from the border our next hour. look at that. that is a charge. senator john kennedy wants to work with the mexican government to completely wipe out the cartels but he says president biden won't let that happen. we have the story. china brokered a deal with iran saudi arabia. what implications will that deal have on our influence in the east? kt mcfarland is here. ♪. ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna.

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♪. stuart: turmoil on the markets. we were way down at the opening bell. now we're up slightly for the dow, a mere 1 1/2 points, that's it. the same with the nasdaq, now heading down south again. you will see this all day long as this banking crisis evolves. up and doesn't. it is called volatility. we'll have it this time. we have this. china quietly expanding influence to countries in latin america. what are they doing there? lauren: florida congresswoman maria salazar says they have been flexing their muscles there for years. she is particularly alarmed by two developments in argentina. the first, china set up a fighter jet factory. the second a deep space station she says only the chinese have access to. she calls these major security concerns and blind spots for the u.s. since this has been going on. salazar is concerned about

china's relationship with bolivia and venezuela. stuart: we heard xi xinping mavis it russia as soon as this week. he is china's leader. he is also expected to speak to ukrainian president zelenskyy. we need foreign policy expert. we got one. her name is kt mcfarland. the chinese are really rapidly expanding their diplomatic initiatives, iran, saudi arabia and china, organizing deal. now xi xinping may go to russia. is he trying to ace us out of the world's hot spots diplomatic ally? >> yeah. in two years joe biden managed to lose the middle east and probably lose europe. here is how they done it. two years ago with the abraham accords. what did biden do, insulted israelis and gulf states that was donald trump deal. not much here. he you called saudis a pariah state. called the head of saudi arabia

murderer. they don't want anything to do with us early. get the nuclear deal back on. we don't need you. we're already on the cusp of nuclear weapons things to the first time you had the nuclear deal. what happens? china swoops in, cuts oil deals with all of these countries. all of a sudden after 75 years of of course the dominant outside player in the middle east we're now chopped liver. stuart: really. is it that bad? china brokered this deal, iran and saudi arabia. are we now literally aced out of the middle east? is it that bad? >> we are aced out in the sense of, for a couple of waives. so the saudis, and the iranians, historic enemies, who knows if this deal goes anywhere or not. but the chinese brokered it. so what does that say to the world? america, america, that is america's role to be the major player in the middle east, not china. we didn't even think china was in the middle east. so the world iser is perceiving

this as if the united states lost the middle east. the relationship with all these countries is far worse with the united states than it was just two years ago and it has historically been and the middle east needs to sell its oil to somebody. president biden has war on american fossil fuels. war on fossil fuels. who will they sell it to? china. stuart: is it possible that china could arrange some kind of a cease-fire, peace deal in ukraine? i mean, we're told he is going to russia this week or maybe next week. he will talk to zelenskyy. will he try to get a peace deal going here? >> yeah. here is how he is going to do. thanks to biden's war on american fossil fuels the price of oil an natural gas is very high. as a result of that russia has windfall profits. they can fight on forever. they're running out of weapons. where do they buy their weapons? a bunch places. they need china's weapons. all of sudden china has a big seat at russia's table on this.

they will help determine whether russia can determine to fight this war forever. on the other hand the united states is spending a billion dollars a year on ukraine and we're going along with ukraine on uncon additional surrender. russia will be defeat the go back in shame. china comes in. russians, you go to the negotiating table. we'll control your weapons flow. we're also buying your oil. you don't want to have that endangered. here is how they pressure you. they go to ukraine. here is the deal, we could invest, with he could rebuild ukraine after the fighting stops. we could spend a trillion dollars to develop ukraine's agricultural industry which chinese historically have real ties to. all the other resources all other industries in ukraine. all of sudden china is in this amazing position to negotiate a potential deal over the ukraine

war. meanwhile where are we? we don't know where we are. what is the american policy? unconditional surrender, negotiation? it is just all over the place. i think the chinese, they run the wagons around joe biden is always, bob gates former secretary of defense said about his own boss, he said you know, that is joe biden has been wrong on american policy issues for 40 years. well he is wrong again. stuart: i change the subject. i feel the need to change the subject. i want to talk about the dangerous cartels in mexico. senator john kennedy wants it wipe them out. roll tape. >> they're killing americans on both sides of the border and the fact is that the american military could partner with the mexican military and the mexican police and we could wipe out the cartels but president lopez obrador in mexico refuses to do that and when senator graham and i talked about the issue this

year, this week, rather, president biden said it was a bad idea. stuart: kt in your opinion should american soldiers be in mexico knocking off the cartels? >> no. we don't invade mexico. we should reinforce the border, however. that may mean bringing in the guard and reserves. we have a open boarder. basically control of that border has been ceded to these drug cartels. they're deciding what goes across the bored, whether people, whether drugs. most worryingly it is fentanyl chinese are making, sending over the border, southern border to go kill american kids throughout the country. first, why don't you go back to what president trump did? i know biden hates to do anything trump did. how about reinforcing the border? how about number two, remain in mexico policy? number three, revisit building the wall? he won't do any of those things. as a result of problem gets

worries and worse. stuart: we're own the back foot all over the world it seems. kt mcfarland, great stuff, we appreciate it. thank you, kt. the administration just approved, yeah they did, just approved alaska's massive oil project with massive restrictions. we'll get into that one for you. president biden says the u.s. banking system is safe despite the collapse of silicon valley bank and signature bank in new york. art laffer, served as economic advisor under reagan. i will ask him, where to from here? ♪.

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and then it just fuels that fire. it filled my soul to be honest. explore your family story at ancestry.com stuart: in a banking crisis you can expect volatility. that is what we've got. the dow was down at opening bell. moved up. now down 60. nasdaq way up, way down and up three points. it is called volatility. some stocks are moving up and down, sideways, newmont is gold mining stock. what is it doing. lauren: it is a safe haven, 4 1/2% gain for newmont and the other gold stocks today. stuart: rivian, what is the story? lauren: "wall street journal" is reporting that they're in talks

with amazon to end the exclusivity part of their electric van deal. would i think that would make rivian available to others. therefore the stock would go up. they really rely on the amazon investment. they don't want amazon to pick somebody else. that stock is down 1 1/2%. stuart: next case is roblox. lauren: a fun story, partnered with home depot, virtual kid metaverse workshop. both stocks are up. stuart: that had been a stock a company which was hit because of its association with the banking system. lauren: yeah. stuart: that may be a rebound from the banking system as opposed to this new toy. lauren: except a lot of others are not rebounding today, like roku. that is still down 2%. stuart: we better get more on the silicon valley bank collapse. the general problems in the banking industry. when there is a crisis, you know what happens charlie gasparino appears in the studio. >> i almost forgot where the studio was. stuart: welcome back. >> the security guard showed me. stuart: the crisis rolls out and

continues if we see the big banks taking a real hit. tell me? >> i don't think the big banks will take a hit this will be something along the lines of the, if it does manifest this way, there is ifs here, i don't have a critical ball, something like the thrift crisis. stuart: savings and loans in the '80s? >> late '80s. that is something like that. there are a ton of mid-sized banks out there that you know loaded up on certain securities because they had to, amid this massive money printing and this folly that went on in washington. the banks with the, that, kind of like, didn't watch their, risk management svp being one of them, they get crushed. there will be a lot of them out there. i think bigger issue is this, we can go through svp, i give you hook, line singer. that will bore your audience. the real issue here we had a fiscal, monetary experiment.

asset classes were essentially created out of thin air, they printed money, they spent money and now you have massive dislocation in the plumbing of the markets and the economy. we'll bet more of these. we're. will jpmorgan go under? probably not. they have the same set of assets under their balance sheet, difficult depositors, treasurys are underwater right now. mortgage-backed securities are underwater. because the fed had to raise interest rates. you say maybe the fed shouldn't raise interest rates? if you want 7% for inflation rest of time, that will levoy working middle class. we're only in the situation because, i hate to turn this political, the spending follow sy of the biden administration. stuart: yep. >> and the idiocy of the federal reserve printing money. created nfts, meme stocks, crypto. what is this? of course we're going to get this. stuart: massive bubble created

by massive input of money. >> here is what scares me though, stuart, you know, you and i covered a lot of this ground before, 2008, you know, just mentioned the thrift crisis, that shows you -- stuart: i was there. >> i was kind of there. they have never did what they did then what they did now. the printing of money and the spending of money was off the charts. stuart: yeah. >> there has to be a correction. it will get kind of nasty i think. stuart: charlie gasparino, good stuff. thanks very much for being here. >> how do i get out of here? stuart: next crisis some back. thanks, charlie. who is with me now? art laffer, the man himself. welcome back, arthur. next question here, where are we going? we're in the middle of a banking crisis. how do you see this thing folding out? >> i think charlie gasparino was right on the mark. these people when interest rates were zero, they had to get some yield. they took long-term plays on bonds, silicon valley bank did. when rates went up their

liabilities were paying a lot of interest and their assets were yielding very little. they got caught in the tailspin. people exited the bank. there was a run on the bank. that is what caused silicon valley bank to go. i think charlie is exactly right. it all hinges on the spending policies of this administration, and very poor monetary policy of the fed. we've been talking a long time about this. the fed should let interest rates go, not try to don't follow the market. stuart: the president is out this morning with a national address saying we will do whatever it takes. he says deposits will be there for everyone, the system is safe, the management of these banks will be fired. is that enough to stop the rot in your opinion? >> no. this is the right thing for them to do at this moment. now that we're in this pickle, you've got to do something quickly. what they did on sunday was

exactly the right thing at this moment but the long-term problem is you have a fed with a balance sheet of 8 1/2 trillion dollars. you have got to a government spending 6.9 trillion, budget proposal. you've got tax increases coming. that is what needs to be done, stuart. we need to put the economy back on sound footing. tax rate reductions, sound money, free trade, minimal regulations exact opposite what biden administration is doing. my view this is just the beginning of the problem and the politics of it is very unpleasant for the democrats and for this administration. it reminds me a lot of bill clinton, by the way, stuart if you remember bill clinton on raising taxes, tax bill passed by al gore being tie vote splitter, then the midterms clinton got hammered in the midterms. this time this administration did it before the general election, presidential election. i think this bodes very poorly for democrats in the upcoming

2024 election. stuart: real fast, art deal with this energy secretary granholm said everyone could learn from china when it comes to climate change. watch this please. >> i think china has done, has been very sensitive and has actually invested a lot in their solutions to achieve their goals. so we're hopeful that you know, we can all learn from what china is doing but the amount of money they're investing in clean energy is actually you know, encouraging. stuart: okay, art but they have just started to build dozens of new coal-fired power plants. have at it. >> i don't understand what she says at all, stuart. it is so hard to comment on jennifer granholm. it is gobbledygook. it makes no sense. china is the world's largest polluter. percentages of them using coal, and all this stuff, they could give a darn about globalling warming all of that stuff. they're after one mission, that is chinese growth and prosperity for them, using whatever it

takes to get there. jennifer granholm i don't know what she is saying. it makes no sense. stuart: got it. i think we can understand that, art laffer. thanks for being with us, especially a day like this. >> thanks very much, stuart. by the way, charlie did a great job. stuart: he did indeed. thanks, art. president biden just approved the massive willow project in alaska. i was surprised by this. that really annoyed environmentalists. lauren: you killed some. appeased the climate activists another day. he green-lighted three drill sites. in northwestern alaska. stuart: only three. lauren: conoco phillips wanted five. they would not green light the deal if they got less than three. they had leases for years. finally got three drill sites they requested. here is the rub. at aim time biden announced major restrictions for offshore oil and gas drilling,

essentially declaring the entire artic ocean off limits, 16 miles of it. this is what the president has to do. he has to decarbonize the economy as he promised also increase fuel supply because americans want cheap gas. stuart: he knows he has got a problem, running again in 2024. he has a problem with energy. partially retracts his old energy policy. >> called that. stuart: thank you very much. i did. next case, thank you, lauren. john kennedy, senator john kennedy wants to have conversations in conversation about raising the retirement age. why? because people are living longer. we all know it is costing us more to buy groceries. now some brands are accused of using inflation as an excuse to keep prices higher. lydia hu breaks it down after this. ♪.

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♪. stuart: all right. we got a banking crisis, strangely enough at this moment in time we don't have that much stock price movement. dow is up nine. whoopteedoo. nasdaq up 12, same story. s&p down five. not exactly a lot of price movement in a banking crisis but there you have it. three people in georgia have been arrested allegedly they were stealing baby formula. it has come to this. how much? lauren: $26,000 worth. two men, one juvenile behind bars, suspected stealing more than 660 cans of baby formula from across grocery stores across atlanta. officials told stores to be on the lookout. they see the three come in, steal 12 cans from a publix, went out to the getaway car. that is where they got them. they looked inside of the get away car, there were 660 additional cans. all in almost 700 cans, $26,000.

some was very specific type, $45 a can. so they got caught. stuart: not. retail theft, called thingage in the business, is on the rise. lauren: more people are shop in store after covid that is causing shoplifting to increase. one retail analyst at bernstein theft is growing at a faster rate than sales. becoming a big enough to affect margins and profitability. these crime levels something retailers have never seen before. macy's seen up tick. industrywide trend. doesn't matter where you shop. now everything is locked up with sensors. stuart: so many people shop online these days. lauren: easier, more direct. stuart: pain to go in the store. a number of people are saying grocery items are shrinking physically but the price is the same. lydia hu, joins us. she is in new york, by the way. lydia, how bad is the

"shrink-flation" getting? >> reporter: one expert telling getting worse. bottom of chris covegetable oil, used to come in 48-ounce bottle. now 40 ounces. turkey hill ice cream, ice cream not off limits or sacred anymore, this container, they shaved two ounces off of the package here. listen to this. >> "shrink-flation" comes in waves. because of our current round of inflation we're seeing a tidal wave of examples. so maybe where in past years, there may be a dozen 1/2 items that i will find per year, now there are maybe three dozen items a year that are shrinking. that is probably only scratching the surface. >> reporter: now, neither chris conor turkey hill ice cream got back to us for comment but as

food prices remain high, stuart, some people are saying these companies, the manufacturers are not just responding to inflation anymore, they're motivated by profits. we took the question to unilever, they are a massive company that makes household products. they hiked price in the the fourth quarter by more than 13%. unit any lever unilever said even with the price hike margins are lower than a year ago. they added this, quote, we believe we're past peak inflation we're not past peak pricing. we expect further increases but lower rates of increase. we talks about the matter with the owner of the grocery store is stucked in middle. he gets prices from the manufacturers, pass them on to his customers. he thinks it is a mix of both, pricing to respond to inflation. pricing to make sure they have got some profits. what he did say though hess consumers are pulling back now. they're buying less of the

discretionary items and only the necessities. stuart, back to you. stuart: why am i not surprised. lydia hu, thank you very much indeed. here is what is coming up, opinion writer at msnbc, movie "top gun: maverick" is the most insidious movie because it portrays our military as a beacon of virtue. we're not joking about this. michelle yeo tack a shot at don lemon at the oscars. >> this is proof that dreams big, dreams come true, ladies, don't let anybody tell you you're past your prime. don't give up. stuart: past your prime, don't say that every again, joe. joe concha has a oscar round up after this. ♪.

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95th annual academy awards. jeff paul in los angeles. take me through the highlights, please, jeff. >> reporter: compared to last year it was rather tame, uncontroversial oscars, no on-stage slaps. a lot of history was made including the first asian woman to win best actress. mesh shoal yo got the award for everything everywhere all at once. >> this is a beak beacon of hope and possibilities. this is a proof, dream big, and dreams do come true and ladies, don't let anybody tell you are ever past your prime. never give up. [cheers and applause] >> reporter: if you didn't pick up on that last part she seemed to dig at cnn anchor don lemon's recent comments about middle-aged women, being quote, past their prime. the movie she standard in was a big winner, taking home seven

awards including best picture for their rollses in everything, everywhere all at once, kwan won best supporting actor and jamie lee curtis best supporting actress. brendan fraser won best actor for his roll as a 600-pound man. russian opposition leader, alexi navolny his wife was on stage. her husband was in prison for telling the truth and told him stay strong. stuart: jeff, we hear you. look who is here next. joe concha with me. what is the reaction to yeoh's comments to don lemon? >> no reaction on cnn's morning show, taking a look, low rated morning show. that was the highlight of the night. that was not mentioned by co-host don lemon. the past your prime comment about any woman over 40 was

attempt to take down a conservative republican female presidential candidate, but it turned don lemon into a bigger punch line than he was before. overall on the night no real surprises last night t was refreshing that there were no surprises because brendan fraser westerning for his incredible performance in "the whale." that was wildly expected. america love as good comeback story. that guy is definition. everywhere was big picture. haven't seen it, make that your movie night sometime. an inspiring movie. just so original. so i enjoyed the evening quite frankly. for most parts, stu. stuart: joe concha, stayed up late and enjoyed the oscars that is really something. you're an early morning guy. i know that. we have pan opinion editor at msnbc called the movie top "top gun: maverick" the most insidious movie at the oscars. because the film shows our military as a beacon of virtue.

they can't get behind the military. they will never mention china. never be honest about islamic terrorism. it is all fantasy. hollywood lost it in my opinion. >> this was an msnbc columnist. fortunately hollywood gave us "top gun: maverick." impossible to find anyone on the planet who didn't think this movie was great movie. it was better than the original which very few people expected, consider the original came out 35 years ago. tom cruise is pushing 60, yet he still looks 27 years old. the premise of this column is utterly stupid. if you feel good about the u.s. military, all the men and women who serve there, you celebrate that through cinema, that is considered insidious. fortunately this column is laughed out of the room by anyone scene, sober, deservedly so. have you seen maverick by the way? >> no, i haven't not for a long time. what about the slap last year?

anything on that this year? >> it was mentioned by jimmy kimmel the host in passing if you slap anybody on the stager then you will win a best actor award. paraphrasing the joke. that was the only mention of it but it was kind of like the elephant in the room, when you think of you think of the oscars, the slap heard 'round the world. stuart: do you think we have learned the lesson, we're tired of the stupid politics at the oscars, move on? have they understood are that? >> it is much more muted than the trump years. they're alien eighting half the country. celebrate cinema. the way billy crystal used to. concentrate on entertainment and leave politics on cable news. everybody can agree that is probably a good idea. stuart: if they do that, maybe i watch. joe concha. see you again soon. we have a banking crisis. it is still there. the market kind of settled. the dow is up 3.

nasdaq is up 14. two year treasury yield, man that was way down earlier. looker at it now, down 55 basis points. that is huge. all the way down to 4.03%. the big banks, have they yet been touched by the banking crisis. they're down but that is a run on bank stocks at this point. that's right. bitcoin struggling, not struggling, powering back up to $23,600 per coin. we'll get into all of this just ahead. also, steve forbes will join us, florida attorney general ashley moody is going to be with us. stephen moore, dr. marc siegel. the latest on the banking crisis. coming up the 11:00 hour is next. ♪. lomita feed is 101 years old. when covid hit, we had some challenges. i heard about the payroll tax refund that allowed us to keep the people that have been here taking care of us.

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>> the fed is like a 2-year-old that has a new toy that just broke and now they're trying to back and fill and that's creating this problem. >> this is a flight to safety. we're seeing a big influx in treasuries and it's where we've been moving clients and we're encouraging investors to be fearful. shouldn't have $250,000 in any one bank. >> may not be big enough to be a lehman moment yet. fdny hasn't failed o