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than the year-to-year increase for the afternoon wage. >> there's absolutely no way the fed is pausing next week. there's no cover for the fed to say that inflation is actually under control at this point. it's just delusional nonsense as far as i'm considered. >> they should pause because they have to give the opportunity to reset. i don't think they will. they're like a 5-year-old, child, stuart, keep pushing on the button not getting different results but slamming on it anyway. >> biggest question today is contagion. why has the fdic and the other regulators, why haven't they sold the bank? sell the bank and that would do a lot by the way to reduce fears of a nationwide thanking contagion. >> next choice is contagion or inflation. no wonder people are acting out. i get it. ♪ system of articulation stuart:

rather rainy, snowy, nasty sort of day. carry on wayward son. does that apply to me? it's 11:00 eastern time. it is tuesday, march 14th. here we go. look at this. the dow is now up close to 400 points, nasdaq 225 points higher. show me the 10-year treasury, please. the-year-year-old yield's goingk up -- yield's going back up a bit, 363 on 10 year and show me regional banks. look al them gone back. 46 for western alliance et cetera, et cetera. is that a suggestion? a signal maybe the banking crisis is beginning to wind down? that's the bigger bank. still smaller banks and they too are rebounding. interesting market today. 6% inflation. maybe the contagion's winding down. we got a rally. now this. here we go again. elite state state of the union students at -- students at elite

university shutting down free speech. i'll take you through the torment a federal judge, kyle duncan invited to speak olekowski stanford on covid, guns and more. getsto the podium and up comes the dean for diversity, equity and inclusion. she said this : >> this is a community i care about outside of that support is the juice worth the squeeze. your work has caused harm. in my job, it's so create a space of belonging for all people in this institution. many people in this administration do absolutely believe in free speech. stuart: okay. her argument is free speech causes harm. ridiculous. the judge wasn't allowed to speak. he called the whole thing a setup and so it was. he says, and i'm quoting if

enough of these kids get into the legal profession, the rule of law will descend at the barber. oh, so true, sir. one year ago the same thing happened at another elite college, yale law school. the woke brigade shouted down bipartisan panel on civil liberties and no free speech at yale. the meeting was abandoned and the panelists had to be escorted out by police. surely it's time for pushback and universities to stand strong on free speech and take action against those who shut it down. i'll close with this, if these students retreat from debate and shut down free speech, they're not equipped for college. they shouldn't be there, especially at elite law schools that are supposed to supply the top quality brains for the legal system. impaired loudness just getting started. i'm just getting started and third hour of varney starts right now.

stuart: brian brenberg with me now. why aren't more universities standed up for free speech? >> administrators are afraid of those students and they -- in fact, you didn't show this in the video. you've got to watch this part of the video. that associate dean gets applause from the students when she's done. that's what she wants. she wants the applause of these students instead of educating them and helping them become the legal professional sup they're supposed to become. that's the problem here. stuart: the university apologized to the judge but took absolutely no action against the dean. none. >> if you don't fire her, it means you're not serious. i don't say that lightly. it's a job on the line, but the fact is if those are the folks setting the tone for these schools, nothing will change, stuart. it means our legal system is in jeopardy and if you don't have people debating and listening to the side, you can't have juice tis in the country. stuart: ain't college either.

get serious about money. the collapse of svb and the domino effect on other banks, the white house says no, this is not 2008. watch this. >> overall the bankerring system is far more resilient and on better foundation than before the financial crisis. again. this is not 2008. the funds are from fees on banks and not taxpayers so this is very different than what we saw in 2008. stuart: show me the regional banks and their performance this morning and most rebounded not fully but nicely and ims to me the contagion might be winding down. what's your opinion on that? >> the furor is winding down in the short term and all the features that gave us this problem, stuart, are still in the system and indebted businesses and indebted consumers and rates going up and that mole in the wack-a-mole game coming up. we don't have the answer to that and we're not out of the woods on that. stuart: not 2008 or lehman.

>> i hope to god not, stuart. you don't know the answer to those questions until you look back. i don't think it is, but i do think it means this economy has got some slowing that's going to happen in the coming years. stuart: all right, mr. brenberg, we'll watch you and the typical money show at 1:00 p.m. on fox business. brian, thank you. you have a busy i did but appreciate you being here. >> always time for you, sir. stuart: take a look at the markets. left hand side of the screen and dow up 430, 1.3% and nasdaq up 236 points. 2%. s&p up nearly 2%. i'll call that a rally. mike murphy with me. poor devil here for the hour. mike, welcome back and good to see you again and what do you think, here's my judgment on the market at this moment. 6% inflation, the fed can handle that. a reversal, not a reversal but winding down of the bank crisis and that's why we've got a

rally. what say you? >> the rally in banks is helping but also, stuart, the cpi data that we're seeing that tells you the fed can if they choose either skip a rate hike right now in the near term or talk about this tightening they have in the longer term. one way the market likes that and we've also been down for five straight days so we're in an oversold condition and you get a bounce back. all those things combine give us that. stuart: suppose it's not a lehman moment. there's no contagion and didn't go into the big banks et cetera, et cetera. bearing that many mind, what's the women -- bearing that in mind, what's the limited contact? >> if it was a lehman moment, the markets took 16 months to rally from that selloff that we had. even if this was a rally from it, the fact that as far as market or investment goes but

single digit percentage points and the today's rally and few days or weeks back to where we were and the economy and real tricky this past weekend. we dealt with a lot of private companies and silicon valley bank and had credit lines from silicon valley bank calling all day saturday, all day sunday saying we can't make payroll. what are we going to do? we need emergency influx of cash on moneyed and tuesday if we can't access our money that's tied up at silicon valley banking. that crisis has been averted so i actually got an e-mail from the new ceo of silicon valley bank this morning saying it's business as you shall. the bank is open and it's "business as usual". stuart: that calms things down. >> it does for sure and the fact that we skimmed over that now or didn't deal with that, it's a plus for the economy and that could have made things or been a snowball effect that.

between coaching basketball and i was on the phone and more than the other. rightfully so because what you thought at that time was that regardless of the amount of money you have you're insured up to $250,000. stuart: the authority did the right thing sunday night. they had to do it. no choice. stuart: stay with me, mike. here for the hour. see you later. lauren is back with the movers this morning. what's with amd -- 6.8%. lauren: yeah, look at intel, up 3.5%, nvidia up 4 and change and chip makers are coming back in a big way. intel struggled the most now positive on the year. stuart: roku, they're exposed to svb. the stock took a hit but they're just at 3%. lauren: got an upgrade at wolf research and called them best in class gate keeper. stuart: i want to hear about the dating service match group.

they're up. lauren: barclay upgraded them to overweight and they're going all the way to $52 a share. that's a nice bump and limited downside risk and there's concern that tinder isn't increasing subscriptions enough but no big deal. stuart: mike murphy's companies invest it all kinds of companies. do you involve in dating service s? >> no, we don't have anything against it but not invested in dating apps at the present time. stuart: done want to dot research? >> no, no. stuart: i'll get you out ovit, mike. the president has okayed a scaled down alaska oil project and takes millions of acres off the oil market for oil drilling. what kind of deal is that? we'll talk to the governor of alaska. major social media companies knew their apps were harmful to children and didn't do anything about it. that's according to a new lawsuit which claims mark zuckerberg was personally

warned. we're on it. my next guest own add child care startup company and banked with svb for seven years and the collapse left her scrubbing ling to secure -- scrambling to secure cash to pay her employees. she'll tell her story, next. ♪ if your business kept on employees through the pandemic, getrefunds.com can see if it may qualify for a payroll tax refund of up to $26,000 per employee. all it takes is eight minutes to get started. then work with professionals to assist your business with its forms and submit the application. go to getrefunds.com to learn more.

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stuart: let's look at regional banks and i see some recovery in process and back up nearly 60%

and western alliance and pac looks like 60%. a recovery. susan li is back. what are you watching now? susan: we are watching the regional bank stocks. how do you like that volatility? back down 60% and back up 60% the next day. it's recovery from that $60 billion global wipeout and first republic, western alliance, pac west, key corp. and some smaller regional lenders are rallying up today. no indications of a bank run so far, both first republic, western alliance reporting its business as usual no panic and u.s. government stepping in to guarantee all the deposits at svb now has a lot 06 people thinking on -- of people thinking on wall street there's an implied backstop on all bank deposits. it's a moral has ashed on monday morning -- hazard on monday morning quarterbacking here and they've implied rescue and that's one of the criticisms

from one of the richest in america, ken griffin said the u.s. is supposed to be a capitalist economy and it's breaking down before our eyes. he said losses to depositors would is been immaterial and driven home and it would have been essential and the economy is strong because of any collapse and it helps that sentment by the way echo another rich billionaire carl icahn, listen here. >> if you screw up, the government will save you and get rampant inflation and the economy will go to hell. susan: breaking news in the past hour and scc joining the fed in opening investigations into the silicon valley bank collapse, a shareholder lawsuit has been filed against the ceo greg becker and other executives. becker sold over $3 million+ in stock weeks before the bank collapsed and paying out bonuses hours before the bankruptcy and what about warnings a few weeks ago by fdic saying there was a

major vulnerability in the banking system with banks holding $620 billion worth of unrealized losses and depreciating assets and does this svb debacle mean the too big to fail banks like jp morgan and bank of america get bigger from here? do people take their money out of regional bank and go to big four and customers opened billions in new acts in the big four -- accounts in the big four lenders in the last 24-48 hours. stuart: big banks will get bigger and money flowing into them in a crisis and that tells the story. susan: that hurts the customers and means your deposits are less. stuart: maybe the crisis is beginning to wind down a little. would you say yes? >> susan: would agree. look at stock price following and it's open and maybe the fed rate hikes and slowly get cuts at the back opened of the year.

>> if they break it. susan: what do you think? >> i think they definitely played a hand in it for sure and disagree with ken griffin saying it was small deposits. you don't know. it could have had a real impact on the economy if they let all depositors in silicon valley bank fail. to say all it's all ones, maybe he has access to the information but i think it's wrong. susan: but let silicon valley bank go and not guarantee the deposits, you would have seen another experiment of the lehman's collapse and not everybody had the stomach for that when people implied the dow would fall 1,000 points on monday if the fed and fdic didn't step in. stuart: susan, thank you. sarah mascof is the ceo and founder of winnie. sarah, your business has been with silicon valley banking, svb, for seven years. you were scrambling to make payroll. when did you first realize that

you had a problem paying your employees? was is friday afternoon? >> yeah, friday morning i actually drove to the bank and i saw the fd ic notice on the door and all of our assets and money was froze and we didn't have a dollar anywhere else. we knew that payroll was coming due on monday, so yesterday. stuart: sarah, take me through the weekend because the weekend was a period of intense fear and turmoil. what were you doing over the weekend? >> it was very, very scary. i was, you know, obviously setting up new bank accounts but also our credit card was with svb and that stopped working so i had to quickly move winnie services over to other cards so that the website would stay up and really basic stuff. then i was calling, you know, everyone i knew to see who had cash they could wire to me on monday so that i could make

payroll. i mean, people don't just have cash sitting around they're willing to give you, especially over a weekend. that was, you know, a mad scramble. stuart: now on sunday night, fairly late sunday night depositors were all backed so come monday morning, did you get your money? >> i did. i got it out, kind of found out end of day monday that the wires went through and i saw the money in other bank accounts so that felt really good and just this morning i was able to wire that money to our payroll provider so employee cans get paid on time tomorrow when they receive their money. stuart: are you going to change your bank? >> oh, absolutely. i think the plan of just having one bank was not a very safe plan. we're going to have money in multiple places and part of that was we had to do that based on our agreement based on svb and those terms now i can see we're not very favorable companies. stuart: why did you have to do

it with svb? you had to -- that was the terms of the deal you did with them and it was kind of honis for you? >> correct. they gave us a line of venture debt and we never touched but for us that was an insurance policy if we ever needed to draw down on it. so part of that we had to use them as sole credit card and bank. i realize now just how unfavorable those terms were to a business like winnie that, you know, only has 29 employees. we're not a massive company and we need to make payroll. stuart: sara, gad to see you -- glad to see you made whole. who's selling on e bay and how much? lauren: employees and all sorts of swag, wine tumblers, t-shirts, mugs. is there a picture of the turquoise card board box with a dent in it?

that's $201 on ebay right now and there's four more days left to the auction. stuart: what's that? lauren: an employee received as part of on board welcome package. stuart: welcome package. good-bye package. lauren: she's saying please bid because i need to pay my rent. stuart: warning about children's addiction to social media. lauren: many parents are suing mark subbin zuckerberg and the y and say facebook and instagram are making their products -- turning kids into social media addicts and making them suicidal, depressed, anorexic and more. a bunch of suits put into one. bloomberg is reporting on these and how it's personally warned about the dangers of his products and ignored it. it also reveals that meta defunded its mental health team. i just was corresponding with meta and say that is 100% not true. they have plenty of workers

building features to support teams and i do want to point out and that their products make people challenge. >> i think -- i can remember being a kid and my parents saying the tv will stop watching tv and it'll ruin your life. yes, the phone is different. and it definitely pulls kids in but i think parents also have to work with their kid. not that i have it figure it had out but kids can't spend all their time on their phones. stuart: don't get to close to the tv because it'll ruin your eyes. lauren: the digital age changed everything. not always for the better. stuart: some news about florida and education. the new college of florida could soon lose $30 million and they're reportedly pulling their cash out. the president just approved a scaled-back version of willow oil project. seems like a win for alaska until you learn that the white

house has also banned future drill entirely on a huge chunk of a.c. the governor, mike d dunleavy is here with more on this. ♪ this small thing,

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stuart: where are we with 24 rally? two hours into the trading session and dow up 450, nasdaq 260 and s&p up 80. that's a rally. mike murphy with me and stock picks. why do you like meta? >> i don't own meta, stuart, but if you look at the stock, it's about to break above the highest level social security been in six months and up almost 60% year to date. there's a lot of big money coming into the stock. the 52-week high up in the 230s and it's been breaking above 190 so there's a lot of money coming into that stock. i would expect it to continue as it breaks out. stuart: going about 200, maybe. charles swab took a beating

yesterday. do you like them? >> i don't think it's the case and i think people have their investments at shawn and they're not pulling investment dollars out and there's insurance and charles schwab and people are still trading this. stuart: i own stock in black tone and another mcmurphy pick and i own black stone because of you. you better like it. >> blackstone, they're best in breed andcosm down from 130s to under $90 a share. the bear case is capital deals aren't going to work out and stuart: well done young man. jp morgan, you like it too.

>> there's a lot of accounts moving over for jp morgan right now for more than they can handle. >> from the portfolio and hearing from someone yesterday and three days to get an account set up. as you can go to another back end and the day. as that continues, jp morgan finds interesting ways for loans and mortgages and investments to monetize the clients? that's a long-term boom for them. stuart: outcome of the modest banking crisis is the big banks get bigger and more powerful too. thank you, mike. now this, the white house approve add modified position of willow oil project and jeff flock is with us. what has the president given and what has the president taken away, jeff? reporter: i feel like i'm in alaska this morning, stuart, by

the way. he's given them a drilling project, which of course is something they got from conoco phillips and they've put a lot of alaska and a lot more of alaska off limits to drilling and maybe has some per spigottive there and alaska is d petroleum reserve in alaska is about the size of indiana and taking up a small portion of that and five drilling sites and three drilling sites and less than conoco phillips. still they'll be able to pump out an estimated 600 million barrels of oil over the course of this project. that's twice what is now left in the strategic petroleum reserve.

is upping it up and the president succeeded in tick off the democrats and people who feel he has sold h them out on e environment and he's also ticked off the republicans who feel he has not gone far enough and put too much of alaska off limits and so i would say my experience particularly in divorce is if both parties feel they've been screwed, it's probably a fair deal. you may have a different take. stuart: i do as a matter of fact but we're not going to get into it now, flock. we should have lunch in new york. come on up. reporter: i figured that. stuart: see you, jeff. i don't know why we're laughing here. the gentleman on the right hand side of the screen is mike dunleavy and he's the governor of alaska. governor, was this a good deal for alaska and only got three drills pads instead of five and huge restrictions on millions of acres in a.c. are you happy -- alaska. are you happy with this deal? >> stuart, we're glad it was finally approved but to use the analogy of the speaker you had

before, this is like getting one of the kids and the rest of the family in the car and the house and farm go on the other side of the divorce. it was a steep price to pay and that steep price will probably manifest itself over time if it holds meaning 16 million acres off the table and willow is only 500 acres in terms of pads themselves so that also includes offshore arctic. we'll see if that holds. if that holds, that means that the noose is tightening around alaska in terms of being a resource pure producing state for oil. stuart: any chance to move up to five pads instead of three? >> i don't know if five pads hold and the president has taken all the stuff off the table and we're trying to follow and find if there's some law he's following and apart of executive orders or another situation like

anwar which was a violation of 22017 law that we're in litigation over and doesn't mean we have the authority to do it and stuart: is it possible that all kinds of things would be opened up in alaska? >> i would say, i would say everybody was headed in the right direction can and what doesn't make sense about this whole approach is amongst the extreme environmentalist and never know if they are and and we took care of the issue and doesn't happen anywhere. it's got to go overseas. two will be admitted either and it's the heaviest like tar for

heaven's sake. that's a line to your stuff. >> you're propping up a dictator too. stuart: i forgot that, sir, you're right. alaska's working age population i'm told has been down for each of the last ten years. 5.4% loss in working age adults 16-24, 2013-2021. how do you get people to stay and work in alaska? >> well, it's all about opportunity and it may be a small opportunity for folks that want to stay here and come up and work but there was a time when the '70s '80s and there was tremendous opportunity with the oil pipeline coming up and other plays, other mining plays and the thomas national forest was still a logging forest where you could get timber from but that's all changed and that started changing during the clinton administration and i refer to the noose tightening, and every year it seems there's more and more action coming from the

federal government. especially under democratic administrations so we said 2024 was going to be a very important election for the country and especially for alaska. stuart: it certainly is. mike dunleavy, governor of alaska, thank you for joining us, sir. >> appreciate it. stuart: huge win for you can -- huge mr.win for uber ait's r tocks ill al jim jordan -- toxic algae outbreak calling it red tide. the report from naples, florida, next. ♪

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♪ stuart: i want to get away but probably not from la guardia airport in new york city. snow causing two hour delays for some arriving flights. the ground stop which had been in place earlier has now been lifted. okay. let's take a look at airlines and what's happening to them. first of all, boeing, solid gain up 5% because they just reach add deal to sell 78 dream liner planes to two new saudi air airlines. jetblue is hearing that customers to want travel and fuel costs are a concern but the stock is up 3.8%. southwest, they laid out a plan to prevent another airline travel nightmare like the holidays and three part plan including improving winter operations, good luck, pri

prioritizing investment. would you invest in airlines? >> i wouldn't. jetblue said fuel cost has hit them but hasn't the cost of oil come down? never hear about it on the positive side helping them? for me if you can make money in them, good for you. stuart: how do you make a million dollars? start with a billion and put into an airline. that's an old joke and strangly it's an oldy but goody. stuart: i lost my shirt. put my money in the air. thank you, mike. there's been an outbreak of tocksy al >> i starting with red tide. phil creating joining me from -- phil keating joining me from maple, florida. you're on the -- naples, florida. how good is it there? >> it's not what you think of on

the beach. reporter: we're in bonita springs away from the coast of naples and dead fish after dead fish and, yes, they stink. florida dealing with red tide periodically over the years and latest wave began off in the gulf of mexico last october. it's bad for fish, bad for humans, and very bad for business. florida's fish and wildlife commission ranked this beach high for red tide and it's an area of florida reeling and re-coviding from hurricane -- recovering from hurricane ian. t not good and a double whammy for these businesses and local people and counties are dealing with the scenes and nearby ca canals dead fish, hundreds of them and coastal counties for coastal counties and red tide when the fish consume them and fish and wildlife tells me it's not known what triggers them. the map shows where the red tide is low, moderate and high.

testing samples are taken every week on florida's gulf coast, it's currently just a nasty fact of life. all though locals tell me it was a lot worse before as it is now. coughing, bad for humans, scratchy throats and sinus issues and this is after all the money making month of march, spring break. >> march is our busiest month of the year and not really a close second so to have this in a time of year where both for the guest purposeses and business purposes it was unfortunate. reporter: without a doubt. red tide can cause temporary skin irritation for people and pets and category 4 hurricane ian struck nearly six months ago and beach side hotels have not reopened and some are partial i learfield img opened and -- partially re-opeopened and we se with a group from canada and the ladies were driving to ft.

lauderdale today and i said why? she said red tide. stuart. stuart: that's terrible, phil. that's bad for property values in naples and bad for business and tourism. that's terrible. phil keating, fine report. see you soon. new college in florida, donors pulling their cash since governor desantis took over that school's board. what's the problem, lauren? lauren: 13 donors pulled $29 million from the liberal arts school in sarasota because governor desantis appointed six new conservative trustees to the board and these critics say new college is an experiment in governor desantis' conservative reform of higher education and they don't want their money to be apart of it. the other point of view is because de-tan t sanities is -- desantis is having the bigger say, some money could be going

into state college. stuart: my next guest is chief executive of founder path. he's wiring millions to startups to help them make payroll after the svb bank collapse. he can't be doing this for free. what's he getting in return? i'll ask him, next. ♪ thinkorswim® by td ameritrade is more than a trading platform. it's an entire trading experience. with innovation that lets you customize interfaces, charts and orders to your style of trading. personalized education to expand your perspective. and a dedicated trade desk of expert-level support. that will push you to be even better. and just might change how you trade—forever. because once you experience thinkorswim® by td ameritrade

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♪ stuart: looking at traffic on midtown handout hat tan on a tuesday -- manhattan and it's not helping the next story i'm about to read. new data finds new york city is the most congested city in the country but not on mondays and fridays. only tuesday, wednesday, thursday. get that straight. new yorkers spend an estimated 236 hours, 10-full days stuck in rush hour traffic. having said that, look at uber and lyft. they're both up after a big win and california court rules they

can label gig workers contractors. i'm very glad to hear this. i think it's a big deal. lauren: it's a stock reaction and what this means is that uber, lyft, door dash do not have to pay again fits, sick leave, health insurance to their drivers. it's a ruling that came to the california appeals court and preserves the drivers as gig workers. jeffries estimates that the companies will see a combined $70 million in annual earnings avehicle coded the result. if the company is on the hook for all that and that's why services are so expensive. stuart: terrible for california. get back to the banking collapse. online lending for founder path helping companies bank with svb and founder path wired the path

and it's executive now. anyway, you're putting out millions of dollars to make -- let people meet their payroll and what are you getting in return? what are you getting in return? he takes that over 16 months and responds with interest. >> can be as cheap as 12% and as high as -- stuart: as cheap as 12%? i wouldn't call that cheap. >> lending the companies with no assets or collateral and no house to pack if they fall and take ago risk. stuart: you're stepping in to stake a risk and we're making money. >> that's capitalism and looking at data from the stage and we wire over $400 million and 200 software founders and it's remarkable and they've not moved this quickly for deals with all of them and repay 16 months for

12-25 interest. stuart: they go 12 months to 36 months and take that kind of interest payment? >> their money is stuck and nobody know ifs they can bank with svb -- stuart: you get your money back. >> you have to reck a lot of software companies, this is a core of the american dream; right. they're -- nay need extra money and have loans with svb. not just about deposits but a lot of loans and we can service that. stuart: where's your money come frank siller? >> wealth -- from? >> wealth any founders and really smart financial folks and these are folks that raise money for funds that we raised in 2020 and we didn't raise another fund last year for 150 million and expand today and stu, we think about $300 million and $400 million in the wake of the volatility. stuart: that's pretty good. >> we appreciate that. stuart: surprised at 12-25% interest and there's tafanely takeover. there's a high risk startup stuff and when you add up all the jobs in the founder and with

the 200 companies and looking at 10,000 to 15,000 jobs and we're very proud of how fast the founder path moved. stuart: i have to break away for one second, nathan. foxconn firmed that the -- fox confirmed that the department of justice has agreed to look into the operation of svb bank and what they were up to. that's just in. they're going to look at them. nathan, i'm sorry i'm out of time. >> thanks, stu. appreciate it. stuart: if you want to lend me money, i'm not going to pay you 12%. it's tuesday trivia question: don't look this up. which -- in chicago -- in which year did chicago begin turning the river green for st. patrick's day? 1948, 55, 62, 1970? the answer after this. ♪

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♪. stuart: here's the question. when did chicago begin turning the river green for st. patrick's day. 48, 65, 52, 70. >> 1955. stuart: mike? >> 191962. stuart: i'm going with 70. the answer is 1962. city workers dumped 100-pounds of dye in the water in chick foy. it stayed green for a week. time is up for me. but "coast to coast" starts now. neil: banking on a comeback. at least