ooh. - wait, wh- wh- what was that? - huh? what, that? no, don't worry about that. here we go. - asking the right question can greatly impact your future. - are, are you qualified to do this? - what? - especially when it comes to your finances. - yeehaw! - do you have a question? - are you a certified financial planner™? - yes. i'm a cfp® professional. - cfp® professionals are committed to acting in your best interest. that's why it's gotta be a cfp®. find your cfp® professional at letsmakeaplan.org. ♪. stuart: we only have a few seconds. we'll do this quickly. which country drinks the most beer per capita, ashley? >> go with germany, number three. stuart: wrong. i guarranty it is czech republic. yeah. czech republic. average one pint every day. beer there is cheaper than water. time is up for me. kos to "coast to coast" starts

right now. neil: do you think the calm might be before or after the banking storm? we'll ask jonathan corpina. he will tell us maybe whether the markets are bouncing from one. one guy says who cares that we are? bill kearns is a hedge fund manager, darn good poker player. not focusing on how much money but how much we're prioritizing. he written a book, die with zero. i want my kids to gather around the tv watch this one. we have scott keough, odd pairing in the nick of time. there could be things happening in this crisis. welcome on green monday, maybe following up on st. paddy's friday. maybe we overcome the worst of this. i got to tell you guys, pretty much watch it over minute because it could change a lot.

let's go right to the floor of the new york stock exchange where you find my friend jonathan corpina. jonathan, has a lot of folks maybe we can get through this, but as you remind me don't focus on the minute. what do you think is going on? >> that is exactly it. the headlines we saw over the weekend out of europe clearly follows up what we saw in the last trading sessions in the u.s. here. what we're focusing are two different things. one is contagion effect, right? are there other regional banks that will get swooped into this? seems like for now the holes in the dam have been plugged. the government has taken appropriate steps in very short period of time to calm all of our anxiety about what is happening. the second equation going on here what does the fed do next, right? the fed has always said they will remain data dependent. they will look at economic conditions out there. then make those decisions moving forward. we're going to hear from the fed on wednesday as to what they're going to do with rates.

i think what we're seeing right now is in fact very clear. our economy, our banking system is quite fragile in this stage that we're at right now. so why would they want to add more dust into that? i think at this point they will be forced into, whether the right decision or not, they will be forced into pausing and holding back on making any moves on rates at this point but what does that really mean? how will the effects of that down the road, right? once we've seen the rate hikes we've seen they pause and then they start to raise again because this pattern will just continue to pick up. i think that might add some fear to the market down the road but i think for now we're expecting the fed to take a pause here and let the dust settle. neil: you're standing out among those who actually bet money on this from the fed futures contracts. i think the last time i took a peak at it, john, you would know much more than i. there was 70% or so bet they would raise things a quarter point.

you think the timing of that would be baddest specially with all we've been through, right? >> i do. i just think with the with everything we've seen in such a short period of time. look at the last seven trading sessions. look how quick everything has changed, everything has pivoted from friday to today. neil: right. >> amazing how quickly things just start to snowball and you get a, you get a, large regional banks that are being taken over by the fdic and sold off. we've got credit suisse, ubs that deal happens very quickly. it is very eerily similar to 2008. the reasonings behind them are quite different but the feeling, how quick things are unfolding, and how this is going to affect our next month, quarter, years is similarly eerie to what we saw in 2008. i do think the fed should probably take a pause at this time, hold on to their bullets for now.

neil: you make a very good argument, jonathan. i am wondering, i look through a prism how the markets might respond to a no moving average, would they -- no-movingi'm pani, what do you think? >> i don't think the market really cares. look at volatility in this market. s&p, 4150, 3700. we get back in this range again. what we're waiting for literally wednesday's date just to pass. let's get through the h through it. what the fed will say they have to say. either move is a punt to the next round of rate hikes. let's get through the date. we'll see the volatility and then the dust will sort of settle. i feel like we camps both sides here. it doesn't really matter. neil: that is interesting. the market doesn't care. you're a food read of these

things, jonathan. we'll see what happens. do under, over on your prediction. >> thank you. neil: jonathan corpina, meridian equity partners. good trader in his own right. bill perkins, capital management head trader. interesting book out. he knows what he is doing. he is a pretty good poker player. i don't know whether this is poker player type sentiment. he is more or less saying in his book, "die with zero." i immediately asked my sons to watch this segment, very, very closely. boys, your mother and i are not leaving you a penny. this guy says it is okay. bill very good to have you. let me ask you about the premise of that. what are you saying? >> what i'm saying basically money is a tool. your health is a tool, your time is a tool to fulfill your life, to get maximum fulfillment. a logical person would use all of their resources, wealth, health, time, throughout their

life to get maximum fulfillment. no sense going to work, slaving away, giving up hours of your life with no reward. we make sure we allocate your resources throughout your life so you have maximum fulfillment. neil: with the idea being you die with nothing or is that just sort of like a little zinger you put in there. >> you're actually trying to die with zero. you are spending all your resources. don't leave anything on the playing field of life, get most out of it. talking to your kids, that doesn't mean you don't leave money to your kid or your kids. what i'm saying is, spend your money, all your money before you die, not your kids money. neil: i get it. >> if you plan on leaving money to your kids, some of us do, some of us won't, i don't where you are on that neil, that money should be separated out, deliberately given to them at specific time when they're able to handle it. not 15, 14, 17. at a time they can use it most, with the most impact on their

life. mentally mature at 28. physically mature at 33. sometime between then they get control of that money. they're able to optimize their life with that capital. neil: you know, let's talk about the capital environment right now. a lot of people are very scared. the ultimate safe investment so we thought, even though memories might be short about the financial meltdown 15 years ago, your bank is safe. safe with your cash. there is not going to be a likelihood we repeat that. then lo and behold a lot of people unbeknownst to them what happens at silicon valley bank, first republic, all this other stuff, they get caught up in the storm, start wondering if my bank isn't safe i'm not safe. they start freaking out all over again. the less of that today but where do you see this going? >> well i mean when silicon valley bank, they got a call from one of their investors, i believe it was, depositors were

saying pull your money out and the herd started running. when i was much younger, older, and dumber, i ran with the bulls. the bulls are scary but what is more scary is the crowd. what we have here as i looked at the banks, speak to you as a person has two start-ups, a hedge fund a family office, i look at banks, unrealized offices this is okay. sucks for them but this is okay. but when you go on twitter you see accounts like david saks, people doom scrolling, oh, the herd is going to start running and i better run first. i don't think we have a similar situation in 2008 that we have loans into vaporware never get repaid. these are treasurys we're talking about, 3% loans people will not default own. the credit quality is great but what we have people getting spooking and no bank can survive all their depositors running

away, right? so the fed has to calm that down. neil: doesn't it feed, doesn't it feed on yourself though? the more you're told this is not a lehman moment, this is not repeat of the 2008 experience, i'm not here to sort of you know, get fears bubbling here, but just being contrarian, you would say, well, maybe the more they reassure me, the more i might want to question that, what do you think? >> they might. eventually they will run to, you know, we'll have four big banks, one big bank or the fed will put an end to it as they can saying all depositors are protected, right? there is no reason to run. but when you -- neil: do you think that is where we're going by the way? do you think that's where we're going a universe of a few really big banks and all these regional banks, people like kevin o'leary said, let them go. we don't need them anymore, thousands of them that might be vulnerable but they're passe. >> i hope not, i hope not.

neil: yeah. >> you really want to have a competitive banking environment. obviously the banks need to have some sort of, people need to feel stable within their banks. you want to have competition on service. some of these banks are not pleasant to deal with. they may ignore your line of business. they may completely ignore a business segment. so i disagree we don't need diversity of banks or smaller banks across the usa. maybe we have too many but i would hate to see just four banks. neil: yeah. all right. that would get to be like a germany thing. we'll see what happens. great to see you bill perkins. thank you again. the book is "die with zero." i make light of it. he is not really saying your kids are out and all. kids you are really out. that is a separate issue. i want to go to chad pergram, he is looking at sort of the wagons circling in washington to really examine how this whole banking thing erupted all over again.

it is igniting the likes of elizabeth warren and a host of others now with very least, i guess, chad, are calling for hearings, right? >> reporter: that's right. lawmakers are happy that no balance sheets revealed issues for other banks over the weekend. now congress wants to figure out to keep this from happening again. there is an effort to target executives at the banks in question. >> i believe that we should also work to claw back the profits made by the ceo and others through their stock sales on the eve of this collapse. we need to make sure executives like these at silicon valley bank are also under that rule because to see them you know, sell a lot of stock, make a big profit on the eve of the collapse of their own bank. >> reporter: lawmakers want to hold bankers and regulators accountable. they don't understand how the industry missed warning signs. massachusetts democrat elizabeth warren wants to

tighten bank rules and raise the threshold how much the government will insure for deposits. >> we have to do this because these banks are underregulated and if we lift the cap, we are requiring, relying even more heavily on the regulators to do their job. >> reporter: but republicans are leery of that idea. house gop whip tom emmers says consider the source. >> where was the supervision they were supposed to be providing at silicon valley bank? i wouldn't take anything from elizabeth warren when it comes to banking because i would argue that she's boldly disingenuous when she talks about republicans reduced oversight on these banks. >> reporter: after the turmoil many are watching the fed to see if it raises interest rates on wednesday. it is unclear what legislation lawmakers could pass to avoid a repeat. the households its first hearing

on the bank implosions this week. neil? neil: that was pretty fast. chad, thank you very much. chad pergram on all of that. meantime we told you about the markets moving fast and furious. everyone but nasdaq. technology stocks are having trouble just finding their footing here. maybe a lot of it has to do with worries about where their business is going. amazon the latest to say, remember those people we laid off? we're going to add to it right now another 9,000 likely to lose their jobs there on top of the 18,000 who already have. we'll have more after this. ♪.

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♪. neil: all right. now that we finally have xi xinping and vladmir putin meeting in russia i often times get a kick out of gauging how their markets are doing. the chinese markets are kind of held up surprisingly well through all of this. for example, the shanghai index, while barely budging today is up on the year. but the real surprise certainly has to be what is going on with

the russian market. if you look at their m.o. ex which is kind of like our s&p 500, it was up again today. it is up almost 12% year to date. this idea it might have a sugar daddy in the form of china is evidenced again and again. if you think about it where exactly would russia being right now without the support of china, not only buying russia's oil on the cheap, getting a full almost black market deal on the stuff, it is looking to provide arms, possibly to russia in the fight in ukraine. let's go to edward lawrence how all of that is going down. the white house is dealing with this, no doubt watching all the developments quite closely to you my friend. >> reporter: neil, the russians would not have a credit card to use. the chinese stepped in with the union pay card to help with transactions. president xi meeting face-to-face with russian president vladmir putin. putin called xi his dear friend.

vladmir putin congratulated xi on his election win. he also said, told the chinese he is willing to negotiate a process on ukraine but didn't outline what that would mean. the chinese are trying to frame the meeting as a mission for peace. the chinese president says he plans to call the ukrainian president zelenskyy at some point. no time frame is laid out for that. representative michael mccaul says you can't trust the chinese because the leaders in the communist party will say one thing and do another. >> they found a chinese drone was shot down in ukraine. they're very much joined at the hip of this effort you know, both pacific and in europe and i never seen anything quite like it in my lifetime where you have a major threat to europe and the pacific from what major foreign dictators. >> reporter: so others want to go farther. we're hearing from more members, specifically the republican party. there should be a decoupling

from china. >> communist party of china is essentially a criminal organization running a country, called the united states of america an enemy for sometime now. i think america needs to acknowledge that fact, bet to business dealing with them because they are an enemy because they indeed are. >> reporter: advisors to president joe biden saying putin would like the chinese to add military weapons to this. john kirby has said u.s. made it clear publicly and behind the scenes to the chinese that would be a bad idea. neil: thank you, edward lawrence at the white house. i want to go to doug collins, you know him as a former georgia congressman. he served the country with great distinction in the air force reserve. i would go on. he would not like me to talk about him because he is modest. if i had that background i would

not be so modest. >> thank you, neil. neil: i mention what this country has economically at stake. russia is almost desperate. china has cash to burn almost. so what is china doing and what is xi xinping doing in russia? is this about cementing that relationship, building on it what do you think? >> no. i don't think xi is wanting to cemented or build anything. if anything he wants to cement or build on top of putin. he has much grander vision for china over the next few years. he sees this as a positioning chip that he can use his, the russians to get what he wants. he is getting cheap oil. he is getting cheap minerals. he can sort of name his price to putin because putin is absolutely desperate. i see this more of an unequal relationship. xi sees this as a chance to raise his standards in the world, stakes in the world, showing he is a the premier player in the fight against america. frankly he would throw putin over the side in a heartbeat if

it furthered china's aims this is simply to keep putin in line where he wants to go. neil: there is talk as well china, they're pretty caney at these things, much like it did get an overture on the part of saudi arabia to talk to iran and iran to talk to saudi arabia. it is not a peace agreement but it's business agreement, a business relationship that was heretofore unthinkable. could xi do the same? in other words could we see china forge an agreement in ukraine that puts pressure on ukraine to settle with, are that? or is it a ploy to keep buying sometime, letting russia build up a troop presence to attack all over? >> i think more of a ploy, neil. think about this for a second. ukraine has the united states, britain, europe, rest in this area, most are saying ukraine is not going to bend. zelenskyy is saying that as well. i think for putin and xi in this

relationship, xi is sort of naming the terms, if you want to continue do do this fine, don't get basically too far out over your skis. we'll continue to help but at the end of the day china is cold in one aspect. they're only concerned about business aspect of china. only concerned about furthering their government control of the world in many ways. this is simply an extension unfortunately for the biden administration is not already playing in the ukraine especially from a military perspective as chairman mccaul said, drone situation and others it is just wrong. china is trying to use this on the world stage. we're a bigger player, behind the scenes we're making money off of this. we'll continue to see russia weaken, number one. see us put more in line with america. i think americans we have to actually begin to realize china is not our friend here. neil: you know that might be an understatement. always good catching up with you, doug. doug collins, former georgia

congressman on all of these developments. you might have caught, if you were catching the show at the beginning, jonathan corpina on the floor of the new york stock exchange, something very interesting. he does not think the federal reserve will raise interest rates this week. given an environment with banks, too tenuous time to do it even though 70 some odd percent are seeing a quarter-point hike. the betting on that is built on the notion to go ahead and raise rates in an environment like this will freak people out. i want to flip that around, with my next guest explore the possibility of no action by the federal reserve, no rate hike. would that freak people out? after this. ♪. the new chase ink business premier card is made for people like sam who make...? ...everyday products... ...designed smarter. like a smart coffee grinder - that orders fresh beans for you.

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>> well the same thing, neil. this fed powell, the biggest lie he told, he said this is transitory and as we talked about on monday this is systemic and the systemic problem is the bond market and the bond market is global. neil: this is why robert kiyosaki, you know him, rich dad, poor dad fame, why he doesn't think the crisis will any end anytime soon. the federal reserve planted the seed easy money policies that preceded jerome powell, zero interest rates for better than a decade. we started turning that around last year at this time with the first rate hikes would bring us to the verge of yet another meeting where they expect rates to go up again despite a prior guest on this show, jonathan corpina, the not this go-round, the federal reserve will hold off on.

ii want to explore this with peter morici, who shares the idea that powell might have, the fed might have brought us the very conundrum we're in right now. the question becomes, peter, always good to have you, how do we get out of this? >> we get out of this with decisive action of the fed all along has hesitated and done halfway measures. first they guaranteed the deposits in svb and few other places they need to do it for all the banks. they said they would guarranty deposits for systematically important banks. well reality we don't know who is systematically important until a bank has trouble, and then it cause as panic. so they need to basically guarranty all the deposits. that doesn't create some sort of risk bias or moral hazard and, also what is going on in europe is not helping of the swiss regulators are behaving in absolutely irresponsible matter

toward bondholders which is causing a bond panic there. neil: you're right. those who held $17 billion worth of bonds, had to take a back seat to the stock investors. that is upside down. that is normally not the case. they have been screwed over pardon the french here or the swiss, i'm wondering where this goes? because if you think of what has been a trend in this country, peter, a lot of people who are at regional banks, smaller banks, even those banks have none of these problems a silicon valley, republic, some of these others might have had are in fact taking their money out, going to big money center banks and those same big banks are the ones acting as the backstop to first republic and others so all of sudden they're in on a potential contagion, what do you make of that? >> yes. but not guarantying their deposits people are tempted on the west coast for example, to go to bank of america. in reality what was svb's sin? they bought long treasurys instead of shorter treasurys?

i mean that's absurd. the bondholders in europe were buying very bonds regulators were pushing banks to issue to shore up their capital. people were doing the kinds of things that regulators wanted them to do. banks investing in treasury securities rather than tricky stuff when they didn't have enough loan customers and so forth and then at the first sign of trouble they basically shut them down and create a crisis for depositors? here is a interesting question in all of this. they say it creates moral hazard if you put your money in the bank without checking its balance sheet. should grandma moses who might have more than 250,000 at age 66 in her retirement savings account have to worry about what's in the bank? that is just storing money. also general motors, how do they provide for their payroll if they can't deposit money in banks with confidence? there they were vast hating all weekend about moral hazard,

weekend before this and about whether you know this really was a systemic risk or not. you know what we've got here a lawyer playing a banker in economist job and very uncreative treasury secretary. after all name me three creative things that come out of janet yellen's mouth over her long public career especially at a time of crisis? neil: well, i mean she has done some good, right? >> i'm trying to figure out what that is. that would be an interesting exam question. but you know all along through this thing they have hesitated. then the crisis gets worse. then they do the wrong thing and it gets worse yet. they turn around blame the banks. president comes out says i'm holding those people who have done this responsible. well he better start looking inside of his administration. neil: this has happened under republican and democratic administrations adherence, almost allegiance to the fed as

the ultimate sues right? >> there is situation where there is too much focus on the financial sector. you raise the question does this shake up markets if if they raise interest rates? if they don't raise interest rates? if they do that it calms financial markets but what does it do to the real economy? it tells us it is the 1970s all over again. we're going to put our foot on the brake with regard to inflation for a period of time and then let all hell breaks loose again at the first sign of trouble. that means if you're proctor & gamble, the corner drugstore, you have to build inflation at five, six, seven, even higher percentage points into your business model long term. totally defeats the efforts they have taken so far. neil: all right. that is if they pause this week. we'll watch very closely. great seeing you again. peter morici. again one thing could make the situation worse for the federal reserve if it is really trapped

in a corner here, various spending efforts going on not just in washington, across a smattering of states talking about things that could be very, very expensive and very inflationary. let's get the latest from grade grade -- kelly o'grady in los angeles with more on that side of the story. >> reporter: good to see you, neil. a growing call for reparations despite handouts partly driving this inflation crisis as you alluded to but nowhere has the push gained momentum as here in california. there are different options on the table. the leading state proposal would give 360,000 to every eligible african-american. san francisco was proposing a whopping five million dollars. that comes with 100,000 in guaranteed income, homes sold for just a dollar. while these are proposes, governor newsom has the authority to pass them. one big criticism shavery was never legal in california. >> selling people the reason for their poverty is something that

happened in other states 150 years ago rather than something that is being carried out and implemented today by progressives is a miscarriage of justice. >> reporter: another glaring issue how to pay for for this. as for california has no solution to the 22-dollar budget deficit driven by run away social spending. by context the 360,000 reward would add another 400 billion on top of that. we asked californians feel about reparations and cost is big concern. >> can we afford it? i would definitely lean forfeit they could figure out a way to pay for night it is hard enough to get money out for flood control, for something way back as reparations for black people is not financially feasible. >> reporter: we're seeing these recommendations gain steam in areas like boston, new york, tennessee as well. critics argue we're trying to

dig ourselves out of this inflation crisis, so neil, wouldn't hundreds of billions of reparations make it worse? i will send it back to you. neil: on paper it will potentially make it a lot worse. we'll follow it closely. we'll follow it closely, kelly. here is more proof electric vehicles whether you like them or not, whether it's pipe-dream, whether we have the number of battery stations or all that, march on in south carolina a big way. volkswagen will build a 2 billion-dollar factory capable of building 200,000 electrical vehicles per year. the guy who leads that effort, along with the governor of south carolina are here next. ♪.

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♪. neil: another sign electric vehicles could be taking hold nationally, maybe a state at a time is south carolina a deal right now that will have 200,000 electric vehicles being produced each year under volkswagen's new scout brand. it's two billion dollar commitment. in south carolina, state's governor, henry mcmaster is kind you have to join us and scott keough. >> a pleasure. neil: governor to you first on this, you placed a big bet here. you hope to be a big one for south carolina this year. just sheer size of it indicates it could be. where do you see this whole thing going? >> well it is really, neil, really not a bet. we have high confidence in the company and volkswagen and vision of scout and scott keough and his team. we see this as transformational for the midlands. we have as you know bmw is in

the up state. volvo is down not low country and now here in the midlands they have been waiting, waiting, here came scout with the perfect idea, perfect vision for the perfect place. we're looking for great things to happen because of and we're very excited. neil: scott, if i ask you about that, a lot of states have excessive ev plans, go all ev, or all electric, mostly electric within the next decade or so, i don't know with apologies to the governor what south carolina's goals are but do you have optimism eventually evs will take hold with the general population? they're deemed still expensive, out of reach for many folks and many say not yet, not me? >> that is a fair point. i've been tracking the industry for a long time. if you look at the american consumer with no way never, i will consider it, now it is on my shopping list.

honestly the u.s. market is 5% electric, nearly 6%. it doubled versus last year. i think it is going to move to 50% in the future. i think it's massive opportunity. the other thing i want to say, i see less regulation, more cool technology, really fun to drive. more exposure we give to it people, i'm highly confident. this will be the way moving forward. neil: some of your counterpart governors, all democrats at this point, governor, moved toward getting to be all evs, at least no more gas-powered vehicles in the next decade. i believe new jersey the latest. what do you make of that? is south carolina considering that? >> we'll just follow the market. back in october we had an ev summit. we had people from all over the country, may have been the first national type summit for electric vehicles. at the same time i issued an executive offered requiring all the different state agencies,

department of transportation, parks, recreation, tourism, those concern of electrical supply to all work together for one-stop shop so we would be ready. so some of these manufacturers here now are planning on building electric vehicles, not all, but some of them are planning to do it and we'll follow the market. whatever the market needs, whatever volkswagen needs, whatever these great companies need, we'll do it, provide it for them so we can all make a lot of money, be a lot happy, with strong families, strong schools, great tax bases all those things that make us happy. neil: right. just follow the market. scott, let me ask you a little bit about that. when you look at ev penetration in the american marketplace, one of the things you always hear is that the cars are beautiful, they're gorgeous, all of that stuff, prices are beginning to come down, i get that, a lot

income pattability with batteries charging stations the like. i'm old you have in to be reminded of the battle between beta and chs. are we able to focus on that without you poking fun at my age? >> i appreciate the vhs reference. you didn't go eight-track so you're good, neil. neil: there you go. >> i think the point you make is fair. when you have this transformation, transition there will be speed bumps. the first thing you mentioned it, affordability. when we i think get scaling effects, mining right, we'll get affordability. that will drive more americans into the market. the other one is charging stations getting software, getting compatibility. it is not perfect. i'm driving a electric car for four years, we'll look at making it better full stop. i think other people forget the action is in your home. where overwhelmingly majority of

charging happens, happens overnight. this is all solvable. the market doubled. it will double again. clearly americans are figuring it out. that is exciting. neil: governor, if i could veer into politics i know you were backing donald trump. of course you have a lot of people thinking already announcing they're running for president from south carolina. we're getting word the former president is likely, he says to get arrested tomorrow. i don't know if that is accurate but he called this an opportunity for people loyal to him, to take our nays back and protest. do you believe there should be protests? >> neil, we went dead there for a minute. i didn't hear your question. neil: sure. i'm sorry about that. but governor, donald trump has said he will be arrested tomorrow in new york by the prosecutor's office. no one can confirm that but he called this an opportunity to protest and to take america back. the protest thing, what do you

think of that? >> well, you're right i heard the earlier part of the question. i've been supporting donald trump from the very beginning when he ran the first time. neil: yeah. >> but if people want to protest , that is fine, part of american tradition, freedom of speech, as he said don't be violent. assert your first amendment rights but don't be violent. be respectful. neil: all right. governor, just lost him at that point. but again, no violent protests if there are to be protests at all tomorrow. we'll keep an eye on that. also keeping an eye what is coming up on "the big money show." taylor riggs to do the honors. taylor: all eyes on the banking crisis we woke up to, another too big to fail seems like overseas. of course bringing it back to the u.s. michael walled on the house foreign affairs on the xi, putin

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♪. neil: all right a lot going on tomorrow. we have the federal reserve starts the two-day meeting. oh, yeah, another incident

involving a former president donald trump said he let it be he is likely to be arrested. he called for protests of this said arrest at the hands of new york prosecutor alvin bragg who says he is making a big diehl over a non-event for his part regarding these alleged payments to stormy daniels that there is no crime, there was no misdemeanor, there was no crime period. the president posting this on truth social, the messaging platform he uses early this morning. get the read from guy lewis, the former u.s. attorney. guy, whatever your views whether it is justified for not the president is saying he is likely to be arrested. do you see that happening? >> good question, neil. so what i would do, again, you're right, putting aside the politics no matter how you feel about this, what i would do if i was the, in this case the d.a.,

i wouldn't arrest the president. i would allow him to make his appearance without a personal appearance. normally you arrest them, put the cuffs on, you take the photographs, and then you take them into court to have your hearing. i wouldn't do that in this case. it will be frankly possibly dangerous, and most certainly it will be a spectacle. i would let him waive his initial appearance. i would agree to a bond. i issue a summons. i would let the case go forward if in fact everything we're hearing is indeed true. neil: all right. so this would not have been the case i would have imagined, guy, would have generated this controversy and this sort of drama we're likely to see tomorrow, whether the president is just released after this, and, everything is hunky-dory because there could be some crowds tomorrow for that, what do you envision? >> you can bet the house on it,

neil. there is going to be crowds. neil: yeah. >> like probably we've not seen in a long, long time. it is never good as a prosecutor, i've done a lot of them, to be the first and only, the to be the first this or that. this will be the first prosecution of a former president of the united states and a current candidate for the presidency of the united states. it is going to be so difficult at every single stage i can't begin to imagine. neil: are you surprised that this is the case that would do it though? i could see the georgia runoff controversy, some other things, not this one, but what do you think? >> great point. this is not the case that i would bring. look, look at our witnesses, stormy daniels, you know, without saying anything else. michael cohen, ex-lawyer crook. maybe michael avenatti,

ex-fraudster who is in jail. the prosecutor better have a lot of corroborating evidence, documents and whatnot. neil: all right. we'll see, guy. we'll have more after this.

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neil: all right, whatever fears are out there about the banking system and that there still could be problems, so far, so good. to the taylor riggs now to take you through the next hour. taylor: goldman i now saying they think the fed