$475 million. this guy lehman will walk away with millions and millions of the show. watching on the show and folks holding the bonds and they're out $17 billion. they didn't get a crumb. shareholders got a crumb. retail investor only shows you that if you wreck the largest bank in the world, you don't learn humility and you're pointing a finger at the wrong people. claim the retail investor wrecked another major institution. liz: i think you mean palm beach. charles: or somewhere else. liz: yeah, we're taking you to switzerland in this hour. charles, thank you very much. as we kick off the final minutes of trade and we're t-t24 hours

and 57 minutes from the speech tomorrow. the fed is threading that need and will fighting inflation and the financial system and the fed is huddling right now behind closed doors to the next move ahead of wednesday afternoon and we have stocks in the green, dow jones industrial is up 217 and nice move for s&p up 41 points or 1%. the nasdaq gaining 158 points and one and a third percent and russell showing quite the signs of life here up about 1.8% or 31 points. the broader markets here and it doesn't look too troubled right now and the stock is at the top of s&p leader board and it's gaining 31.7% charging higher and not the only major two day conclave happening in dc and jp morgan and jamie dimon and bank of america ceo brian moynihan

are in dc gathering with bank ceos in what was a previously scheduled financial services form and in the wake of silicon bank and silicon valley banking collapse earlier in monk and they've lost 80% of its month that'll be discussed and the consortium of the bank. last week they plowed 30 billion into first republic last thursday and despite that the situation swirling around the california based bank and it does remain fluid. financial names leading not just the s&p but dow jones industrial as well and at the top, there's american express in the poll position up three and a quarter percent and jp morgan chase number three best performer here up 2.7% goldman up the same amount and as strong as financials are, energy is the best performing sector right now. you saw chevron, no. 2, biggest leader in the dow jones industrials and it is moving higher by about 3%. you can see crude oil up after

pluming to a 15 -- plummeting to a 15-year low and trading at $17 a barrel and helping drillers and refiners enjoy a very strong bounce and see we've got exxonmobil up 4.5% and matchy nice day there. gain of about 7%. you can see the rest, conoco phillips, pioneer, natural resources and occidental petroleum having solid session. as they bounce, remember oil dropped from $80 on march 6 to $66 and change last friday a mid the banking turmoil. whether it's with oil or any other sector, how can, how should you, the investor, follow the ball. get to the floor show. we have gerri anne and john lonski on with us. the market today is extremely strong. tell me what you see within the

trading action right now that strikes you over the past 48 hours. >> it's energy and you were talking about it because that's what's moving right now and the energy was slaughtered because of the idea we'd be going into a deep recession if they let banks fail. they haven't let them fail yet. they've taken assets and they've basically thrown them to the whwolveses and the wolves are vy happy and look at signature bank and community bank of new york with that purchase and a 30% rally after they bought the living banks. liz: put up some of the regional banks and the community bank of new york is rallying second day in a row. they'll be buying those assets up gaining 5% and more than that 5.5%. are you worried still about these regional names and not as worried. >> i was worried these past two

weekends, liz, because the president and fed and treasury secretary were basically teasing the dragon and they were waiting until the last minute and hoping to get into the weekend so they could have two days of relative risk while they tried to put a deal together. that made wednesday, thursday, friday and it was volatile and energy sold off for that and as you said if the banks pulled us into a deep recession we wouldn't be traveling as much with demand for fossil fuels and evs. liz: some think it moves too quick and let mo bring in john lonski here and brilliant economist and you've watch all kinds of c crises over the past year, fomc, open market committee meeting and announcement tomorrow. what do you expect they will do because right now the market is pretty pricing in at 25 basis

point hike versus a 50. i have a agree with the market. >> there's fed funds raised up to 4.88% after tomorrow's meeting and that's the highest in a long time and deep recession and it's a deep recession and we're probably looking at a mild recession and a significant lower federal funds rate this year. liz: jon, is that the right move? some saying you should pause, the fed should hold off, hold their fire. some are even saying time to cut to make sure that we've killed d this three head, 12-headed monster of a banking crisis that involves the regionals. >> the right move is indeed to make a slight move to the upside and it'll be very difficult one for the fed to thread the needle as we've all been saying because

they are facing the guard that made 50-basis point last week, head of bcb. liz: that was gutsy. >> it was gutsy. liz: either you're tamping down inflation or not. >> that's why you need a higher federal funds rate. it's not a big jump in fed funds, but it tells us that the fed is still committed to bring inflation down, it has to show that commitment, not only to prevent treasury bond yields from going sharply higher and prevent unwanted depreciation of the dollar. liz: talk admitted what janet yellen said today about stepping in for future regional bank problems, listen. >> the public should have confidence in our banking system in the days and weeks to come and as i said in my remarks, if

a smaller bank experiences the kinds of difficulties we've seen that pose the risk of contagion. >> right now, we've de facto deposited insurance regardless of how much in the bank. enhance the rally and dow jones industrials up 237 points and the market is just doing very nicely over the past 48 hours and what are you buying and what are you taking ahead of tomorrow and what do you expect after? >> in the history, past history we've seen silver and gold doing very well and the fed finally finishes and john may disagree and this banking crisis is what causes this last step and otherwise we'd just keep step together outside by 25-basis points a the a time. liz: you're saying it calls for the minors -- >> yep, gold itself and gld that tracks gold and gdx that's the

minors and they move more than gold because they've already covered a certain amount of overhead at whatever price gold was when they priced it and they made silver and gold a focus and nice moves already in the case of the minors double digit move in the last two weeks. liz: what areas are protected from where you sit, j jon? >> utilities and healthcare. they haven't done that well and they're sharply out of fear of significant rates and upside for that particular group and we have to be paying attention to the job market and the report is of the utmost importance, critical importance of the market and another strong jobs report and the estimate of feds

funds be jacked higher and make the argument that remember the jobs report and that was in a way the worst jobs report and recent memory for a financial market and it's perhaps long term for the economy and we have to slow down in order to avoid a deep recession. liz: exactly, the one last thing and john pointed this out -- john lonski pointed this out, but looking at regionals they have huge exposure to commercial real estate loans, retail loans, when it comes to mortgages -- mortgages have been falling and those have been doing better certainly, but does that make you less inclined to look at some of these regionals or more? >> i would be very careful at this point and commercial real estate loans and a lot of properties and there's difficulty for some time and commercial retail space. liz: any action in that area.

>> consumer facing with allied financial was wacked and many of those were starting to bounce now and i think it'll be a tepid bounce and small bounce and it won't be just a booming bounce out of any of the banks that face the consumer that's having trouble meeting higher car loans and everything else. liz: the two johns, thank you very much. >> thank you. liz: fox business will have complete coverage of the federal reserve rate decision announcement at 2:00 p.m. eastern tomorrow and making money with charles payne will carry powell's presser, which begins at 2:30 p.m. and spills over into the "claman countdown". folks this is where you get the real action because you've got all of the reporters pressing jay powell ahead of the federal reserve and communication will be key tomorrow and we've got it all in the market action here on the claman countdown at 3:00 p.m. -- claman countdown,

don't miss it. roger federer is giving a backing talk and only holding a public company and it aced earning ands the stock is soaring up next as new tennis stars rushed the net signing up with the brand first on fox business and we're joined live from zurich from the sustainable cloud shoe and the -- on cloud shoe and fruit bearing trees make these shoes. totally sustainable. closing bell ringing in 49 minutes. dow jones industrials powering high by 43 po points and claman countdown is back in a second, don't move. ♪ 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. oh, genius! for more breakthroughs like that...

...i need a breakthrough card... like ours! with 2.5% cash back on purchases of $5,000 or more... plus unlimited 2% cash back on all other purchases! and with greater spending potential, sam can keep making smart ideas... ...a brilliant reality! the new ink business premier card from chase for business. make more of what's yours. you'll always remember buying your first car. but the things that last a lifetime like happiness, love and confidence... you can't buy those. but you can invest in them. at t. rowe price, our strategic investing approach can help you build the future you imagine. [ applause ] the day you get your clearchoice dental implants changes your struggle with missing teeth forever. it changes how you eat, how you feel, and how you enjoy life. it changes your smile and how others smile at you. clearchoice network doctors have changed over 100,000 lives with dental implants, and they can change yours, too. because a clearchoice day changes every day.

schedule a free consultation. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire 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. if lawn care were easy, everyone would do it... as well as trugreen does it. trugreen's online tools help ensure your custom treatment works to deliver a greener, healthier lawn - guaranteed. it's time to trust your experts at trugreen. go online today! (fisher investments) in this market, you'll find fisher investments is different than other money managers. (other money manager) different how? aren't we all just looking for the hottest stocks? (fisher investments) nope. we use diversified strategies to position our client's portfolios for their long-term goals.

(other money manager) but you still sell investments that generate high commissions for you, right? (fisher investments) no, we don't sell commission products. we're a fiduciary, obligated to act in our client's best interest. (other money manager) so when do you make more money, only when your clients make more money? (fisher investments) yep. we do better when our clients do better. at fisher investments, we're clearly different. as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts. saving you up to 60% a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities.

e days, our households depend on the internet more and more. families grow, houses get smarter, and our demands on the internet increase. that's why we just boosted speeds for over 20 million xfinity customers, on us. so you get more of the speed you need for day and night streaming. more speed you need when you're work from homeing. and more speed you need as your family keeps growing. check in on your current speed through the xfinity app or upgrade to the speed that's right for you today. i screwed up. mhm. i got us t-mobile home internet. now cell phone users have priority over us. and your marriage survived that? you can almost feel the drag when people walk by with their phones. oh i can't hear you... you're froze-- ladies, please! you put it on airplane mode when you pass our house. i was trying to work. we're workin' it too. yeah! work it girl! woo! i want to hear you say it out loud. well, i could switch us to xfinity. those smiles. that's why i do what i do. that and the paycheck.

liz: inter-day care up 25% and serving this percentage jump on pace and the game ever and swiss snesnesneaker and athletic shumr and 51% year over year for $3.4 billion and the fur year forecast stopping ahead for 2023 and companies calling for 2023 sales to pop 39% and 2022 and first on ceo martin hoffmann and mark. mark, i'll begin with you, on

cloud newest surface sneaker hits stores this thursday. thursday. >> yeah, we've got them here. they're very, very excited to bring cloud tech phase to the market, which is our newest innovation and evolution of technology and provides consumers more elevated run and allows more consumers to run even faster times on the major marathons and made out of a very, very sustainable technology and we're looking forward to the launch and initial indications are showing most likely the launch will be as good as our share prize sungar today. liz: that'll be 25% and, martin, what is separating that shoe

liz: where are you going with the brand itself than what was more than the slip ons and the tennis shoe. >> it was a performance brand and running is an ascender and run on the street. like the cloud wonder and it's really about every runner from the super dedicated runner to the every day runner but also to the person who likes to wear the shoe in a daily environment. liz: this is for people who have eyes glazed over and keep hearing that word, you guys are really putting your money where your mouth is. you have the cloud knee neo -- neo which has launched and we

teased it at the commercial break and it's a fruit bearing tree and i believe almost all of the shoe is made from caster bean. how are you able to make a shoe out of this and it's more of a subscription service you're looking at when it come tots cloud neo. >> bringing the innovation into the shoe but the great thing it's fully circular and fully recyclable and from a certain period of time and once it's done they return to us and we shred and it produce new shoe parts out of it and we've now launched that product in 33 markets and a lot of subscribers have signed and you happen we're now in this phase where we learn how are the shoes coming back after how many months are they coming back and that's super

exciting. you see more products out of the same material and it's a monthly fee. liz: okay, tell me about the tennis stars whom you've just signed up to wear your shoes and do they feel that a shoe made out of caster bean is strong enough to hold up under six, seven, eight sets. i just showed my misunderstanding of things. game, let's put it that way. >> we're super excited that the world number one on the female side signed with us and is giving us the trust and ben shelton and probably strongest upcoming u.s. player right now. they're giving us the trust and believe in innovation capability

and we're excited to bring on the parallel to millions of consumers and have millions playing on and most likely the cloud neo, it's the caster bean shoe not to play tennis in. it's for every day use. liz: okay, i don't know if federer could go a set even with this. but, martin, you're also the cfo of the company. you guys are in switzerland, credit suisse had to be bought by ubs. there is an international, let's call it banking tension here, the crisis part appears to have subsided for the moment. when you look at the consumer, clearly we have a lot of people spending $150, $60, $70 on your shoes right now.

are you worry that had the consumer might have been frightened off a bit. >> taxpayers strong demand and happy to share good news out of switzerland and we see just the demand globally and switzerland is our home market and in the meantime north america is our home market and it can be open and expand on the future and we really got a lot of momentum into a year where we also expect less disruption on the supply side of managing the disruption and uncertainties we have and can fully focus on executing. liz: we lawn to end and i will tell you i was at la guardia airport and four people in line ahead of me were wearing on shoes and it's definitely a viral product and we'll be watching your developments and

big news on earnings and big jump on the stock and it's still up nearly 26% right now. thanks so much. >> thank you. liz: on competitor n nike set to report fiscal earns after the bell. analysts keep a close eye on inventory levels and whether nike's china sales are ramping up. just convinced nike to bring their old partnership back to life. how that stock is reacting and closing bell up 271 and s&p up 46 and nasdaq up 171, we're coming right back.

what if there was a community of like minded people ready to support you when you need it most? christian health care ministries is an organization with over 40 years of trusted care who understands the importance of family. a group that sees you for who you are, regardless of your health history, offering values based affordable health care cost solutions. learn more today at yourchm.org about health care that puts you in control.

♪ ♪

the vehicles are all-electric. the feeling is all mercedes. the choice is all yours. see your dealer for exceptional offers today. liz: keeping an eye on the markets and nasdaq up 1.5% and russell up nearly 2% so the small and mid caps aaron rodgers and roberting higher and get you a couple of individual stock stories here. the nhl is icing out adidas and national hockey league and shares of the german sportswear

giant is pretty much flat and been official provider for the nhl since 2015 and a partnership since last year and supplies official jerseys for major league soccer and nike dealing with nba, mlb and nfl. nike at session highs and put that on the screen with shares of foot locker because they're enjoy ago slam dunk as opportunistic yesterday when it renewed and revitalizing it's relationship with new york nike and retail channels with foot locker and amazon and down more than 5% yesterday and it's kicking back into gear and the bullish boost from two analysts and food locker guidance upgrading from a buy to neutral

and ever core upgraded its rating from outperform to inline and raising its price target and foot locker at 42 and change. let's check out tesla shares and they're revving higher up 7.5% at this moment as the ev maker is set to report one of its best quarters in china. according to data from china merchant's bank and tesla sales in the country work out to about 1,371 units per day on average from january 1 to march 19th. that is slightly higher than the fourth quarter average and investor service upgrading the tesla status from one knowledge to baac and citing the company is expanding product offering and flipping over to meta shares, they're gaming once again up about 2% at the moment after morgan stanley hit the like button on the stock and the rating from outperform to equal

rate and meta in a better place to deal with potential downturn and consumer spending than some of the big tech counter parts and after announcing another 10,000 job cuts and it's at $291 and change. now let's take a look at meta's biggest rival. that would be tiktok and the company's ceo is set to testify before the house energy and commerce committee and that is on thursday. he released a tiktok today partially to share his excitement that tiktok received 150 million american monthly users and to warn them of the potential tiktok ban and let's

start there. >> the scrutiny with tiktok and it's a tool app and enables users to edit videos easily and it's not a social media platform and not been as much focus on how they handle their data and they continue to collect more and more of that data as the app grows in popularity. right now it's number two on the top chart of the apple app store and tiktok and asked if data was shared with china and washington needs to look beyond tiktok and cut cap and tiktok is not a one

off problem. >> and the administration needs to come up with a logical policy because this is just one, you know, recently high profile example of what happens every single day. liz: thursday that's going be a very big day i think. not just on capitol hill but around the nation with teenagers certainly biting their nails about whether tiktok makes a b ban. what was their update and husband and wife duo justin and taylor norris, they're the founder of jay-z backed lit method and brings the comfort to your home with the proprior tear

machine and -- proprietary machine and jay-z said i'm in and invested. hear about it wherever you get your podcasts and speaking of people who step up to invest in startups, boy, do we have a shark for you. from starting a successful clothing business out of his mom's house in queens to funding all sorts of startups and you recognize that guy fubu ceo and shark tank investor damon john here and where's he putting his money now? can't wait to bring you the story. you got this. let's go. gobble gobble. i've seen bigger legs on a turkey! rude. who are you? i'm an investor in a fund that helps advance innovative sports tech like this smart fitness mirror. i'm also mr. leg day...1989! anyone can become an agent of innovation with invesco qqq,

a fund that gives you access to nasdaq-100 innovations. i go through a lot of pants. before investing carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com. when aspen dental told me that my dentures were ready, i was so excited. i love the confidence. i love that i can blast this beautiful smile and make the world smile with me. i would totally say aspen dental changed my life. aspen dental makes new smiles affordable. right now, get 20% off dentures. we do anything to make you smile.

liz: fox business alert and we have this breaking news just hitting the tape and the senate banking committee just announced it is going to schedule a hearing on the collapse of silicon valley bank. committee chair brown says it'll be the first of many of these --

great, lots of hearings on capitol hill regarding the svb fallout with sharks circling around the likes of troubled regionals and first republic and waiting on asset sales and signature bank and top entrepreneur and famed shark of abc shark tank damon john. figuring out how to fund his own business. can you believe that? you and me, 25 years. >> god is good. liz: sorry you're not doing well. kidding. >> you heard it first. liz: give me your gut reaction and the government swept in to guarantee.

>> the money being held by the bank and then i see this being many of the banks and it is going to obviously reduce our space printing money. every day americans, we can't get away with that. why should the banks get away with that? liz: well, this brings me back to you and what you do, you look at startups and you are almost a bank for them in exchange for a piece of equity, you get in there and say i'll be that one. silicon valley bank was really that yes bank for startups in the valley and what do you look for in the capital and you have a good sense that it's not going to go south. >> i look at founders and their history and look at how they first of all move forward and

the money and trenches piece by piece by piece and they deploy them and i'm not in the banking business over my patriots at the end of the day and you can't come in and save everybody, that's not capitalism. it's welfare, isn't it? liz: it is welfare in part and they'd argue they have to do it because we'd see another 2008 financial crisis and let's rewind the clock to decades ago when you and your buddies all sons of single moms were in jamaica queens and sewed hats and the leftover dinner and that was the start of fubu. >> i'll be very honest and let

them how to make money and how many hard working individuals and everything don't leverage against and that's where it managed. it highlights weaknesses and if i had a weakness conversion campaign and i have money to increase the campaign and i've had a weak product and buy more of that product and i got more crap in my garage that was returned to me and money often highlights weaknesses and can't keep up when there's orders. liz: one of the problems is financial literacy not being taught in the schools and you put out your book called little damon earns and -- learns to earn.

what's with the hat? >> what's with the hat? i'm about to teach children magic. how to get out of their parent's house at 18 years old and make $1 into $3 and make their money work for them. little damon learns to earn. there's no books like this in school. we're going off an old system in the industrial age where kids are learning how to build ships or work for another company. not work for themselves. liz: the back of the book, i head it and -- heard it and learned. at the back there's a checklist to explain to kids exactly how it's more complicated and is there such easy terms for them to understand and the pop you read this every day and month and we start to process

information and we get there every day and there's no financial intelligence taught to these kids and at 18 years old, they can get $750,000 worth of debt for the career. >> this is my very honest excuse. what i do for my god son and sharing caterpillar at the same time and i take a picture next to him with the caterpillar truck with the share and six, seven years later and do that for disney and six, seven years later and all of his toys worth crap and stocks are worth $20,000. liz: exactly, i say don't buy

the lv purse but buy the shares of lv. >> they have to understand and when they understand this process, they don't think, we're in a country and we're in debt because teaching kids how to do this and it's not a book. all the financial institutions and it's not a scam. i want them all to say, my kids to say my daddy started a conversation where it became popular or the trend toe create young -- to create books for young children. they're not all tainted or what to do in life and their minds are sponges and i want everybody to compete with me and more. liz: thank you. that's amazing and you're so supportive. liz: you quote my dad and can't give you adversity.

>> owning any of the teslas and making it destroyed and i don't care who you are and trust fund money. liz: the it's an advantage. damon john, great to have you. good luck with the magic. little damon learns to earn and meeting in washington dc right now for what was already a two-day scheduled meeting but now there is a focus on the fate of leaguered first republic on the agenda. charlie gasparino on what's next for the san francisco silicon valley bank. we have the dow up 336 points and come on, teach your kids early. ♪

you'll always remember buying your first car. but the things that last a lifetime like happiness, love and confidence... you can't buy those. but you can invest in them. at t. rowe price, our strategic investing approach can help you build the future you imagine. get refunds.com powered by innovation refunds can help your business get a payroll tax refund, even if you got ppp and it only takes eight minutes to qualify. i went on their website, uploaded everything, and i was blown away by what they could do. getrefunds.com has helped businesses get over a billion dollars and we can help your business too. qualify your business for a big refund in eight minutes. go to getrefunds.com to get started. powered by innovation refunds. (man) what if my type 2 diabetes takes over? (woman) what if all i do isn't enough? or what if i can do diabetes differently?

(avo) now you can with once-weekly mounjaro. mounjaro helps your body regulate blood sugar, and mounjaro can help decrease how much food you eat. 3 out of 4 people reached an a1c of less than 7%. plus people taking mounjaro lost up to 25 pounds. mounjaro is not for people with type 1 diabetes or children. don't take mounjaro, if you're allergic to it, you or your family have medullary thyroid cancer, or multiple endocrine neoplasia syndrome type 2. stop mounjaro, and call your doctor right away, if you have an allergic reaction, a lump or swelling in your neck, severe stomach pain, vision changes, or diabetic retinopathy. serious side effects may include pancreatitis and gallbladder problems. taking mounjaro with sulfonylurea or insulin raises low blood sugar risk. tell your doctor if you're nursing, pregnant, or plan to be. . .

(avo) ask your doctor about once-weekly mounjaro. 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. oh, genius! for more breakthroughs like that... ...i need a breakthrough card... like ours! with 2.5% cash back on purchases of $5,000 or more... plus unlimited 2% cash back on all other purchases! and with greater spending potential, sam can keep making smart ideas... ...a brilliant reality! the new ink business premier card from chase for business. make more of what's yours. dad, we got this. we got this. we got this. we got this. we got this. yay! we got this. we got this! life is for living. we got this! let's partner for all of it.

edward jones i suffer with psoriatic arthritis and psoriasis. i was on a journey for a really long time to find some relief. cosentyx works for me. cosentyx helps real people get real relief from the symptoms of psoriatic arthritis or psoriasis. serious allergic reactions and an increased risk of infections or lowered ability to fight them may occur. tell your doctor if you have an infection or symptoms, had a vaccine or plan to

or if ibd symptoms develop or worsen. i move so much better because of cosentyx. ask your rheumatologist about cosentyx. ♪. liz: despite the, well, let's call it 35% gain right now, first republic shares are still down 28% week to date. worries it is the next domino to fall in the regional bank crisis

are dissipating on optimism. jpmorgan not buying the bank but will find a buyer for the bank. charlie gasparino. >> i'm sources are usually good. i'm not saying they're always perfect but they're saying something opposite than this. they're saying the following. the bankers at jpmorgan are facing difficulties finding a buyer for first republic without a significant government backstop. maybe that significant government backstop is coming and market doesn't know something we don't know. players are saying i don't know if we want to go there, from what i understand jpmorgan is scrambling to fix the situation, get more capital, fix the business model, now saying finding a buyer is a last-ditch effort. here is what is interesting, a little concerning, and my source someone involved in some of these meetings, okay with jpmorgan, with the government?

one of the, it has been described to me as a last-ditch solution, if the bleeding doesn't stop. maybe it bows up another 30% tomorrow. but if not, if the bleeding keeps going on, people removing assets from the bank even with the big asset deposit they have they turn to the government to sell warrants to shore up the place. now it has been described to me as a last-ditch solution. i don't want to throw you know, gasoline on the fire and stop the good times from rolling here but from what i understand it definitely has been discussed. when the last time we heard something like that? 2008. liz: that's right. >> who got some of that. i'm not saying this is analogous but aig if you remember, government owned a 90% of aig. it remain ad private company. post hank greenberg. he was out of there.

martin sullivan was ceo and i can't remember the gentleman's name before it went under. that is being talked about as a last-ditch effort. i depth want to throw gasoline on the fire. i'm telling you what i would hearing. liz: who would take over a 3 billion-dollar -- >> i don't know if they need to take the whole thing over. they need to stablize it. by the way it is one of potential solutions. they need to stablize it, stop the stock run. stop investors, from depositors from pulling out. you know, having that extra capital wouldn't hurt and that is something i know, from what i understand they're talking about if this thing doesn't, if this thing doesn't find a solution soon like, finding a new business model -- by the way they're looking to do this all in a couple of days. this is not, jamie dimon is directly involved here but i think the up shot is that you know, i know the markets are up today. i will tell you, restate what

you said -- liz: and first republic. >> i will restate what we said yesterday on "the claman countdown" exclusively, there are by some estimates 20, 26 banks that have bad balance sheets out there. the market is not digesting fully. bankers know it. this could be an issue. first republic is one of them. liz: word of caution, charlie gasparino. we have closing bell 3 1/2 minutes away. we're off session highs, as we continue to look at numbers, 305 points for the dow jones industrials, a very significant gain when you back it up to yesterday's jump. s&p up 51. nasdaq better by 184. regional banks were not only ones to get creamed in the aftermath of silicon valley bank and its collapse. charles schwab, nation's seven thenth largest bank down 11% since march 10th. it recovered a lot of what it had been losing.

a lot thought the large selloff, schwab, people perceived to be uninsured when it came to their deposits but turns out just 16% of schwabs deposit base is uninsured, compared to 88% of svb's, 90% of signature bank's uninsured deposits. goldman has more, 33%. our countdown closer likes his chances with schwab. circle squared ceo jeff sica. schwab is the one you're picking. >> what you like about the massive selloffs in banking sector oval val bank declines, the market tends to sell the good one and schwab was truly a good stock. this company has over half a billion dollars in assets and what happened was when the stock fell, one thing i tell investors, is always look at the insiders and the ceo came in and

he bought 50,000 shares for his own personal account as the stock was falling and he was saying that they were seeing big inflows of assets coming into schwab. liz: which is true. >> schwab is going to benefit because they are a behemoth bank. they're mostly focused on investments, not commercial banking. i think they have rebounded last couple days. i think they will being one of the winners. liz: we're fewer than 24 hours away from the federal reserve decision tomorrow. if they raise by 25 basis points the short-term interest rates, do you think that will spook the markets or the markets are expecting it, you figure, hey, let's rally once again, it is not as bad as we thought? >> there was a movie called "american hustle" with jennifer lawrence, bradley cooper. >> washed it the other day. >> it is one of my favorite movies. there is a line in the movie, i paraphrase because there is

curse, at sometimes in life you have only messed up, toxic choices. that is exactly what the fed has, if they don't raise rates they will be accused not doing enough for inflation. if they do raise rates they're going risk hurting the banks and the banks that hold these massive bond portfolios don't want anymore interest rate increases. i think they're in complete no-win situation. they have blood on their hands because they caused a lot of this. [closing bell rings] >> it will be interesting. liz: you guys have to tune in tomorrow. the news conference will be live with jay powell and the fomc. that will do it for us. we'll see you tomorrow. ♪. larry: hello folks, welcome to "kudlow," i'm larry kudlow. okay, hang on to your hat janet yellen bailing out banks today. edward lawrence top white house correspondence at the white house for fox business.

i ha