rachel: get ready for this. that gets me going. good morning, everybody. we're playing basketball ahead of march madness week, which is like holy week for pete. we love march madness.

pete: yes, it's like selection sunday. yes, no, yes, no, yes, today. you know why, because my family does our draft off selection sunday on monday. march madness begins and we have our "fox & friends" branded sports court. rachel: that's amazing. pete: do you shoot hoops? joey: no, we didn't have enough concrete where i lived. it was all gravel. rachel: i'm tight feet so basketball is not my game. but i'm excited on the square and also i'm excited about house fire, which house fire is performing for faith and friends concert series leading up to easter every weekend and leading up to easter, there's great faith-filled music bands and today is house fires. so they'll stay with us for

that. joey: walked in at 5:00 a.m. and they sounded beautiful. thought they brought a band to say hey to me. rachel: like pete said, it's like a church. pete: stick with it, it's great. joey: we're beginning with a fox business alert, the collapse of silicon valley bank stunning the global financial market. pete: clients lining up outside locations desperate to get their money out. rachel: brooke is joining us with the latest. what's going on? >> hey, guys, the silicon valley bank collapse could cause a domino effect as people rush to move their money to more stable institutions and clients are lining out outside sill chronovalue by banks in california to withdraw their money and some have not been table to do so and leaving businesses as to how they'll operate. >> as a ceo we have to make sure

we're protects things we v. >> the banker status, we have our accounts here. we're in the middle of a sunday raise and there's a lot of actions going on right now that are pretty critical for the success of the company. >> california's department of financial protection shut down on friday and may have seen this coming and svb posted a financial crimes senior manager position on the site and they would assess potential risk posed by new compliant clients. etsy is the most notable client among the collapse and said it used the bank to issue payments to sellers and notified them in a delay of payments after the collapse. tesla and twitter ceo elon husbanding said he's open to buying the bank and a user said they should convert to a digital bank.

the biden administration is partly to claim for the collapse because of the economic policy one said. >> somebody with a sane head has to come in and understand that you can't do two things. number one, you can't keep raising rates. you can't keep inflation as strong as it is, and you can't tax people more than they have. two more years of this administration is two more years too much. ing >> the u.s. federal deposit corporation will reportedly pay advanced dive dividends at the k this week. guys. pete: this bank is where a lot of startups in this country went to finance themselves. ray >> absolutely. small businesses, moms, pops and more on etsy. they use that to sell small business products and roku was

affected and pinterest, fit bit, a number of smaller companies used silicon valley bank and it'll be interesting to see if they get a portion of their deposits so a lot were uninsured at the bank and that's what the advanced dividends will go to. rachel: because it funded a lot of startups over the long run, could it affect innovation? can people go to other banks? obviously they could but this one sort of specialized in this tech silicon valley startups. >> absolutely. it'll be interesting to see if the people try to withdraw their money and go to larger institutions, bank of america, chase, thing was that nature. these are mom and pop pause businesses, think of the -- small businesses and think of the mothers with businesses etsy. joey: the interest rates hurt their capital and small bonds and put out we need to raise money and got everybody worried but if you can't go borrow money, you have to let somebody

buy into your business and you lose controlling interest of your business and the sharks come in and we complain about the big box stores taking over but the only way mom and pop can get by is through the banking system and if it's not that, the big box stores come in and buy them out and we lose culture when eludes small business. rachel: and small regional banks and we might see consolidation because of this. what do you think, brook, because of elon musk possibly stepping in. >> that'll be interesting if he does. we'll see. there's a lot of uncertainty going into this banking week ahead. we don't know if there'll be potential buyers like elon musk or what the federal government will do with regard to the bank. pete. that's something to watch on monday morning. joey: wells fargo jumped out of the mortgage business last leer when things got bad. even the big banks are -- i

would rather put my money in a small local bank but need to know they're going to be around for me to do it. pete: thank you, brooke. rachel: pete and joey, the risk management officer of this bank had been focusing on lgbt month, a whole month of activities and events on month before this bank collapsed so speaking to the home depot ceo saying there's a lack of focus on the mission. pete: any moment you're spending on a social justice issue is a moment you're not spending managing risk in a very risk business right now. seems to make sense. we reported yesterday onto politics that ron desantis was going to be -- was already in iowa and nikki haley was in iowa already and the first primary on the raw customer side -- caucus side and donald trump is headed

to iowa tomorrow i believe. this is a fox news poll amongst republican women that donald trump maintains a commanding lead, which is where some suggested he might have vulnerables and 40% of republican women support donald trump. desantis at 23 and pretty much is a two man race at this moment and desantis has not announced yet and donald trump has. he's heading to iowa. joey: more and more women kind of control the finances especially the purchasing of households and they remember how things were with donald trump and thousand they are now. rachel: they used to be able to go on vacation and put their kids in sports and drive to the events without it hurting the family budget too much. you're absolutely right about that. it also points to the fact that republican women are not

obsessed with identity politics. maybe the numbers shift with ron desantis makes an official announcement, but trump clearly leading and strong in that poll. pete: bring in fox news sunday anchor and legal correspondent shannon bream. we're almost officially entering into that season, early speculation state season. what's your take as the field sitting right now? >> it's interesting because as you said, president trump is going back to iowa tomorrow. that is a very important place for anybody hoping to become president or become president again. so he's going to be there doing the retail politicking. that's where as you guys know when we go there and cover politics in iowa, people expect to meet you two or three times and want you in their diner, pool hall, veteran's hall. they expected to talk to these people if they're living rooms. it's a important place to go and a good poll for the former president going in. though he's got 40% of gop women

that that would like to go with him again or at this point they prefer tim, 60% are willing to look elsewhere and other polling out of iowa showing he's dropped with republicans and they're at least open to entertaining and hearing from other people and did from ron desantis and it's a matter of time and it'll be breasting to see who else gets in -- the clock is ticking if you want to get politicking done in iowa, get there soon. rachel: yeah, lock up the donors too nice and early. i know how that goes. all right, so tell us about your show this weekend. >> so we've got senator john kennedy. you guys know he's a sound byte machine and has had a lot to say about the president's budget that came out this week. we'll talk about that and the border and smuggling conversation about designating the cartels as foreign organizations and/or allowing the u.s. m military to get involved and had something

interesting to say about ufos and the president of finland is on as they're pushing entry to nato and colleague benji hall and his book and story of rescue and recovery. it's a busy show. pete: great lineup. you've been busy too 6789 busy is one word and prolific is another. your latest book, the love stories of the bible sp speaks comes out on march 28. this weekend you and rachel were on the podcast talking about the beauty of work and marriage. tell us about the book. >> okay. so the book looks at romance, sex, marriage and deep friendship and god's unconditional love for all of us and nothing we could do to escape this love and rachel joined nerve nucleus and we talk about mary and joseph and what a devoted husband and father he was. i asked rachel if you guys would be willing to put up your

wedding pictures of your own. i was going through some with my husband last night. i look approximately 12 years old. there i am. rachel, you look exactly the same. you still look like you're just adjourning terrific. >> except you can tell it's the '90s from my eyebrows. >> look how cute you are. guys, do we have any of your wedding pictures or leaving it to the ladies? pete: i know they were submitted but i don't know. rachel: i was this and it was beautiful. pete: fits the personality of all the kids. joey: i look at the picture and i see my son and he's 13 years old now and i think that's been a long time ago and i look a bit anemic and i've grown in some places since then. >> we've got to fatten you up l. there.

joey: and meg looks as beautiful as she always does. >> if you need a bit ofous law i dids chatting, there you government rachel. it was fun, shannon. thanks for having me on. pete. the book is the love story of the bibles speak. thank you, shannon. pete: a m major flo flooding iny breach on the west coast. blizzard warning in effects for parts of minnesota and iowa getting slam bid wet heavy snow causing dangerous road conditions. for more on these stories, download the fox weather app on tv connective device. joe biden is reportedly expected, get this one, to

approve alaska's massive willow oil project. according to politico, biden hasn't quite decided how big he'll allow the project to be, he'll probably scale it back. itty bitty pipeline but approval would be a setback for biden's radical climate allies. his own promise to stop oil production. remember that? protesters that opposed the project gathered in washington dc in recent weeks. looks like they might not get what they want. that joe, he's all over the map. now to food for thought, a new app called tables is letting customers pick the best seat at restaurants for fees up to $100. we asked you yesterday if you'd consider paying the extra charge and some of you would. michelle said i have requested that we have a seat closer to the wall and not right in the center of the room. i was told they could not do that .

i would definitely pay to pick our seats at certain restaurants. i agree. steven said i would pay for an ocean view seat at an amazing restaurant, especially if it was animal verse reigns leading or my wife's birthday. rachel: that's right. pete: there's room for this and it will succeed. rachel: some places have fireplaces and i'm always cold and i would pay extra to sit by the fireplace. i hate all the air conditioning and it's always so co. joey: you might pay for that seat and only have 30 minutes or an hour. they can't let it stack up and everyone sit in the same five seats. pete: one more story, if you're struggling with losing an hour of sleep, dunkin' donuts has a daylight saving time treat for you. they're partnering with grub hub. giving away free coffee and place an order -- is this right? place an order worth $15 or more

in the grub hub app and the deal runs through the first. rachel: they sent us free coffee. what's this green thing here? it's probably some sort of like macha? joey: mines full of milk and i love it. rachel: i love a nice creamy -- joey: it's just literally milk and i love it. rachel: joey has the same dunkin' donuts order as valentina. pete: it's another chai la tech lattechai. joey: airports are rolling out technology to prevent potentially deadly incidents. kurt, good morning. reporter: rachel, good morning.

pete, joey, out here at lax. dark here and fog in the background, the runway to the far left behind me might be difficult to land with a lot of aircraft landing and creating a real terrifying idea that so many mishaps are occurring at airports and one of them that aircrafter landing on taxi ways and see if your airport is on this list and 43 airport in the u.s. was lighting up this new technology called a tap that will essentially alert the air traffic controllers to approaching aircraft that's about to land. combines with radar and prediction sensors and alerts them they're going to land in the wrong place. they call this will wrong surface landings and means you missed the runway and landing on a taxi way and could be deadly. when you look at statistics even when they've been looking at this since october 201 to today,

1,641 such events have threatened u.s. airports so far. good tectology and we're getting close to disaster in the airports and the it business and faa saying 43 of u.s. airports are having this and could make a very, very big difference now that -- well, we have all these incursion consid occurring aroue country. pete.: absolutely. kurt, great to see they're doing something. we appreciate report it -- appreciate that report from lax on this very early sunday. rachel: mexico's president lectures the u.s. on fentanyl and refuses to help against the cartels. >> we are not going to permit any foreign government to

intervene in our territory, much less a government's armed forces intervene. rachel: he doesn't have the same opinions about the cartels, that's interesting. who is lopez obrador and can the u.s. still work with him? we'll break that down next. ♪

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tries to engage with mexico and their surging drug war, we're breaking down what we know about president lopez obrador. he ran twice before winning in 2018 and his promise to end the drug wharves met with a lot of skepticism. fast forward to today, house republicans want the u.s. military to intervene against the mexican cartels and obscartel obradorpushed back prc information campaign to get hispanics to vet against republicans. that's not all. lopez obrador has a record of denying legitimacy in prior elections and changing the election laws in mexico, that were pretty good and led to

calling him the autocrat next door. bring in state adviser under president trump and george w. bush. christian witten. thanks for joining us today. what do you make of what lopez obrador is doing especially regarding the elections because mexican elections were always kind of known for being very secure and good and now he's changing those laws. >> right. obrador or amlo has drained a bunch of trust funds he inherited and inherit add very good situation with energy. mexico is a big oil producer basically and enacting millions

of barrels of oil and that's taken back a step in the mexican class taking a huge hit and he's falling back on nationalist accident anti-gringo message and message of complete indifference of families that lose 70,000 to fentanyl and many more ruined by addiction and complete indifference to the human invasion that's coming for mexico into this country. rachel: yeah, i care about what's happening to americans, i'm a american but he's the mexican president and he's hurting his own citizens. i believe the cartels control 40% of mexico's land. i guess i would be embarrassed if i was the president of mexico that i had to shareware with the cartels but he seems to be okay with that. >> he is and the basic function of a monopolies is the legitimate use of force and he can put the finger at us and

u.s. demand for drugs has always been a problem driving construction in mexico, but he hasn't done a whole lot and seems to have formed some sort of separate piece with the cartels and he's in a place where he's willing to let them run huge parts of the country and lawlessness and out of control murder on the border and we get very little help securing the southern border. rachel: mexico is turning into a narco state. is he coalitioning with the cartels but has no choice because they're becoming so powerful and this is a serious threat to mexico's tourism business, which is part of its life blood. what do you make of that? >> it's a huge source of cash and another source of cash, which are remissions and mexicans in the united states legally and illegally that send cash back to people. often badly needed mexicans that need this to survive. we could put a choke hold or

restrictions onto put a little pressure on amlo to do a little better here. rachel: that's what donald trump threatened to do was to tax these remittances or put a choke hold on some point and amlo got it in library. what we're seeing now is biden is not having any impact on amlo. they want to explain why. >> chinese ingredients and other drugs and also questionable humans coming across and this is like the boat lift on steroids and would that be happening with a stronger president and would the president care about the border and one that doesn't and consequences willing seen today. rachel: yeah, we'll see national

security consequences and it's untenable to have a narco state on the south of us and crossing with an open border right there and more. rachel: still ahead, republicans are flocking to iowa including ron desantis and donald trump. the 2024 preview is shaping up in the hawkeye state and we'll look at that and today it's fox and family activity day and we're playing basketball on fox square ahead of march madness. ♪

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pete: it's a hawkeye state show down as repub republicans descen

iowa. former president trump goes to davenport tomorrow and nikki haley and ron desantis visiting and one declaring and the other not. are we beginning to see a preview of the 2024 matchup. we have host of the grace curly show, grace. great to have you. what do you make of the early stages of the republican primary as it seems to be shaping up? >> thanks for having me, pete. from what i saw ophryon desantis on friday, i was really impressed already. i know he hasn't declared yet but there was a real comfort to the way he was on stage and we have gotten used to seeing him go back and forth to reporters and contentious viral moments that impress people and makes people a little angry and i saw on friday was a guy i don't know because of coaching or doing the speeches more often, he was very

at ease and enjoying the spotlight, he was enjoying the audience, and really hammering his accomplishments, what he's done for florida so that was kind of the standout for me as far as these kind of meet and greets go. i thought nikki haley was good. she's very, very measured as always and has a lot of control and that can kind of go either way. it can come off as something that people really like or come off as low energy, depends what you want. pete: there was a poll that came out, the 2024 republican nominee among republican voters and desantis and haley and poll after poll after poll remains the front runner with donald trump and he's headed there on monday. you mentioned ron desantis and retail politics and that's something that donald trump has proven to be very good at and he can prove to be an advantage as well. >> yeah, he's headed to east palestine sister a different reason and very traumatic event for the people of ohio and

really resinated with more thans and a lot of positive response when donald trump goes somewhere and he sticks to the issues and he talks about what people care about, people have a real enthusiasm for that and want to see more of that and like that presidential vibe coming from the former president. i think it's hard for him sometimes to stay on script. if i were part of his team, i would say steer clear of personal jabs going to iowa and really make it about connecting with people. that's what it's all about. i know that's hard for him but i think it would certainly play well, but i'm not in the bises of predicting what donald trump will do because as you know, pete, that can be a losing game for people so i'm going to -- we'll just have to see what happens. pete: it's an impossible business. if he has a record, he can stand on as well, especially in contrast to joe biden and one thing i've note second-degree no one that -- noted is no one that ran in 2016 against donald trump yet declared in 2024. they went through the buzz saw that was trump in a primary and

have decided not to go through it again. it'll be interesting. how do you anticipate the jabs going back and forth between front runners here? >> well, i think desantis has done a good job so far staying out of it. i think he has issue right to do that and that's something that is a really strong talking point for desantis and what makes him so credible as a candidate, but as far as personal jabs, trump seems to be the ones taking the swings and not getting them back yet. i do think so, pete, we're starting you have here and the mud slinging will start and we had like a wwe style of politics for the last couple of years and people have gotten very used to that and we'll see a lot more of it going forward. pete: i remember when the other candidates tried to outtrump in 2016 and didn't work for any of them and seems like desantis recognized that and play that

out on the way. live on sunday morning futures at 10:00 a.m. eastern. be sure to check it out. it's going to get interesting real quick. the silicon valley bank failure causing panic among customers and they were called upon by the government back in 2008 to help save leman brothers and his message to regulators and we're bringing the hoops to fox square. our family friendly basketball game, i don't know. it's difficult to make basketball not family friendly. we're going to knock that one out. i'm going to celebrate march madness on the plaza. hope you join us. ♪ (vo) if you've had thyroid eye disease for years and the pain in the back of your eye

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with a fox weather alert. at least two people are dead in california as major flooding devastates entire communities. look at that. thousands are evacuated after a levy breaks from historic rainstorms. a minnesota blizzard warning in effect for the south and central portions of the state and they've got 78 inches. that's over 7 feet if you're doing the math. i think i was getting slammed by

wet heavy snow causing dangerous road conditions and the east coast also bracing for a nor'easter. let's turn to the chief, chief meteorologist rick reichmuth for the fox weather forecast. reporter: hey, pete, that's 78 inches and that's a very, very big difference. >> i stand fully corrected. reporter: still a lot of snow is all time record for any one winter and more coming in today and take a look at weather map and what's going on and a lot of stuff going on down across the south with a severe weather threat and parts of the deep south today that could see a tornado or two and definitely strong winds and lightning this morning and throughout the afternoon and evening all the moisture in the mid atlantic pulls offshore tonight and a coastal system develops as it does and it'll strengthen and by tomorrow afternoon into wednesday morning we've got a nor'easter probably our biggest that we've seen this entire

winter not saying much, because we've been so incredibly dry, but you get the idea a lot of snow across interior sections at this point will see rain along the i-95 corridor. joe jim jordan, to you inside. joey: thanks, chief. fox business alert, silicon valley blank, clients lining owl outside the bank desperate to get their money back and the startup-focused lender was the largest bank to fail since the 2008 financial crisis and the collapse is familiar to the next guest who was among a handful of industry leaders called upon by the government in 2008 to help save lehman brothers. former chairman and ceo of ubs americas robert wolf was a economic adviser to president obama and joining us now. robert, thank you for joining us. >> thank you, joey. joey: it's good to have someone on that can really explain this to us. in more simple turns, how did the bank fail and do we need to worry about other bankers having

the same problem? >> i'll make it simple. people deposit money and the banks invest that money. silicon valley bank did what you should not be doing. they took people's money and invested in risky assets and long-term assets. even if it was treasuries, the idea it was longer term made it more risky and it was a mismatch of maturities and after silver gate, which was the crypto bank last week that closed up, people got nervous of silicon valley bank. if you looked at their stock, it went from $40 billion to under $20 billion in a year. but their assets grew from $100 plus billion to $200 billion so as they're growing their capital base is shrinking and people got nervous and started taking out their deposits and what happens is they have to sell some assets and sold it at a loss when when they announce that loss, people got nervous and they became what we'll call a run on the bank. lines of people trying to get their money out and they didn't have enough cash to fulfill

those obligations and that immediately and all the sudden what happens is the regulator, which in this is the fdic, the federal deposit insurance company comes in and they close the bank and take it under receivership. i know because of social media that we didn't have during the lehman crisis and this is unbelievable and a harsh time and lehman was a contagion that spread across the globe and this is nothing like that. that being said one of two things will happen. one either someone will come in and think like jp chase and buy silicon valley bank and it's very unique with these type of venture companies that you'll be able to bank. or number two, the fdic is going to do something they never really do.

fdic insurance, sorry to prolong, it only insured up to $250,000 and there's enough coverage to give all the depositors 502075% of their money immediately. joey: as long as two or three or four other banks haven't made the same mistake and predict it quickly and can you predict there's other bank withs the same vulnerability? >> there's not with the same vulnerabilities and people look at the same issues and this is what happen when is there's a run on the bank and doesn't happen that spawn last one in 2008. joey: the banks aren't foolproofed here and people aren't staying. robert wolf, thank you for being with us. rachel. rachel: amen to that, joey. these are the lifebloods of so many communities. thanks, joyy.

joey. a stern warning not to travel to mexico. >> our department surging anyone thinking about traveling to mexico to avoid the areas and taking place in mexico. rachel: the texas dps and warning coming as three women from texas have disappeared in mexico. their families telling authorities they crossed the border last month to visit a flee market and they never returned. 550 americans have actually gone missing in mexico and we need to get to the bo the tom of that. bottom of that. florida governor ron desantis ushering a new area of higher education in florida. the new college of florida is purging wokeness and getting back to classical liberal arts, listen. >> thy they fired the president and hired a conservative president and eliminated all deri and conservative -- conservative practices and the

institution and it'll be the nation's top public classical liberal arts college and it'll be done later in sarasota, florida. rachel: he wants to see them lose the far left ideology and replace it we quality, merit, and co color blindness. prince harry meghan mark el will not -- markle will not be invited to the king charles' -- he's being met with the late queen elizabeth. it's worth about $650 million pounds. he's not sharing with his siblings. all right, those are your headlines. still ahead, top gun maverick

could win an oscar tonight. but that's not stopping critics from attacking the patriotic film. one reviewer is calling it the most insidious movie at the awards show. first, we're playing basketball ahead of march madness and texas today's fox and family activity, next. ♪

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# ♪ pete: it's march madness. time to get out on the court. rachel: for this week's fox and family segment, we brought the fun and fitness of basketball right here to fox square. pete: i'm here with thomas and thomas, thomas petersen here from sports bro usa and set this awesome court up. let's set it up this morning and it's really cool. we're joined also by young thomas with new york city basketball kids, including your 16-year-old self. tell us about sports pro usa. >> sports pro usa is a brand of

the court we're playing on and we cover new jersey, new york, and it's fun and fitness in your backyard and it's a lot of fun. pete: it is a lot of fun. how have you been playing basketball? >> my brother who starletted with this program got me into it and i haven't left. pete: march madness is on the bracket and i don't know a lot about basketball and didn't grow up too far in the country and why is it a good activity for young men and women? >> for most, it's physical activity, stay healthy and also teaches a lot of valuable lessons, especially to kids like perseverance and discipline. joey: absolutely. thomas, what's your experience of basketball? >> basketball in general for what we do is a backyard sport so you have families able to talk to their kids and get out and exercise and don't have to go to the gym because the gym is in their backyard. that's what we look to do. joey: that's right, for me it

wasn't basketball but getting out in the yard and playing and so many people have the phone in front of them and i'm sure it's hard for you. >> yeah, still making it work. joey: your brother also playing basketball? >> he does. he's much younger but does. joey: you two playing together, has that helped you two bond? >> oh, yeah. every day we love to hang out and play outside. we even invite some other friends in and get competitive games in. it's all great. >> that's a good thing about families because it's very hard to have time with your family and talk and this is a good opportunity for brothers and sisters, moms and dads. all get a chance to be out on the court together and that really gives you really quality time. joey: we call it sports but it's an activity that allows you to learn a bit about each other and yourself and thank you so much for bringing us out here and they're over there playing basketball and i've got to wrap this up. rachel is here. rachel: yeah. i have one. >> air ball.

rachel: do it. joey: oh! listen, visit sportsprosusa.com and new york city basketball.com for more and thank you to thomas and thomas and all the great players behind us and maybe not pete. pete: i'm out of breath. joey: our faith and friends concert series is right back with house fires, the group joining us live with a spiritual perfoperformance next hour. perfoperformance next hour.

♪ ♪ i will build my -- ♪ it is a foundation.