>> ♪ ♪ >> ♪ ♪ >> hello this is "outnumbered." i am harris faulkner with emily compagno and kayleigh mcenany. it's great to be back with them. also joining us today fox business anchor cheryl and david. you know we are talking money. let's get to it. let's begin with president biden attempting to reassure the nation following the biggest

banking collapse since the 2008 financial disaster. the trouble for silicone valley bank began last wednesday when it sold securities at a major loss. that created panic and the stock stumbled. on friday federal regulators shut down the bank and they closed a second lender new york's signature bank. both failures the last of largest since the great recession. they could have a huge ripple effect on the economy. that's what the president is try to guard again. president biden speaking minutes before the stock market opened defending the stability of our banking system trying to reassure americans our money is safe. >> thanks to the quick action from my administration america can have confidence that the

banking system is safe. all customers will have access to their money. this is an important point. no losses bourne by the taxpayers. >> let's start there. >> [laughing]. >> david, how will they pay for this? >> this is the fdic. >> up to 250. >> yes, a little bit of money that banks put in this case the bank goes out. they only have 128 billion dollars in fdic right now. they will have to come in -- there is a special fund being created similar to the pandemic. it will be used temporarily to back stop anything that the fdic can't, the federal reserve will do and the treasury department.

where was the administration when the problems were beginning? this was a woke bank that believed in the woke talk that was coming from the federal reserve. janet yellen admitted that he was wrong in saying inflation would be temporary. they have it woke idea you can print as much money as you want without worrying about inflation or interest rates going up. people believed that for a long time in the united states. it goes back to at least 3 administrations. we found it's not true. this bank believed in the rhetoric and believed that you could print as much money and not change raticides rates. -- interest rates. they bet their own bank on that. >> but it isn't true. >> it's not true but the regulators watching the bank believed it was true. their bosses at the federal reserve said it was true. they were supposed to be watching to make sure nobody got in over their head and believed

something that was not true. >> which doesn't make it any truer now. >> it wasn't just svb and the signature bank. there are other banks we will have to watch. i don't think it will spread. there are so many good reforms that were put into place with banking. i don't want to make anybody nervous. >> they are already nervous. >> the regulators were not doing due diligence leading up to this. >> 128 billion dollars divided by 250,000. fdic up to a quarter million in a bank account that's covered. if in doesn't spread it sounds like they got this. if it does that 128 billion dollars only last long. >> and the back stop is something we saw similar in the

2008 financial crisis. the treasury is saying we will protect you. one thing president biden did not say this is his fault in a big way. he will never admit that. >> he blamed trump. >> svb asked for weaker regulations and were awarded that. that is true. but at the same time over the last 2 years the reason the fed had to be so aggressive on interest rates hikes is because of the inflation caused by the massive spending over 2 years. all of these social programs and green spending. he won't admit that. and the companies that went to svb they are interest rates sensitive gumps. -- companies. i agree with david.

i don't think this spreads. they had 57% invested for themselves and not for those who put money in the bank. it should have been 24% of 57%. the ceo sold 3.5-million dollars in stock days before the collapse of his bank. great timeing. >> and all. bonuses given out. cheryl you mentioned the companies who banked with silicone valley banks. these are companies that today are looking at how much do we have? the american people not on the hook for this? that means the pot of money will be smaller. >> cheryl, my question is as someone who doesn't have both of your economic backgrounds. excessive government

intervention caused the 2008 economic downfall. this is against the landscape again that a government only acknowledge why is the sec chief ensuring that businesses are going by the carbon foot print. >> that's a great point. >> as d.c. reassures us that nothing bad will happen. one thing can you count on from this government is never learn from the past. the warning signs are getting greater. >> there is the responsibility of shareholders in this these banges. -- banks. those from svb and signature are out in the cold. if you had deposits you are okay.

>> one of the top risk managers of svb was into this woke stuff and involved on seminars on woke programs they had. remember what ftx was about. the cryptocompany. they were into all of the woke stuff. the folks gave them a pass when there was a lot of stuff there. >> [overlapping talking]. >> [inaudible]. >> steve moore at freedom works and former trump economic advise or was on with me last hour >> it's important for people to understand how this banking crisis happened. it's not because there are not bank regulators as biden is trying to say. it's because of the massive inflation and trillion dollars of borrowing that the federal

government has done that put our financial system in great peril. >> president biden said this: the last administration rolled back some of these requirements and tried to do the same thing with afghanistan. >> and the train derailment. >> they did it there too. david the "wall street journal" said this: you can't run the most reckless physical experiment meaning biden without the bill coming due. the economic damage may not end for silicone valley now. >> i point to one individual that with drew her nomination. he was trained in the old soviet

union said we want to end banking as we know it. the banking she was involved in was the woke banking believing you could print as much money as you want with no consequences. she withdrew her nomination when beam put a spotlight on her. but a lot of people in the biden administration believe that. >> that worked well. coming up. stunning new video exclusive to fox news. showing more than 1,000 people trying to get into the united states. that would be illegally. there is no way to process that all at once. the biden administration struggling to get a handle on the crisis at southern border. more on that next.

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>> a chaotic scene at our southern border. >> [shouting]. >> [screaming]. >> new video exclusive to fox news shows more than 1,000 migrants rushing a bridge linking mexico to the u.s. hours long-stand off with mexican authorities as they tried to cross into el paso, texas. border agents used barbed wire and fencing to stop them. david, we know last year over 2.3 million migrants encounters. this year we are on pace to eclipse that and to see the live stream and watch that video, it

is so hard to process the amount of volume and the threat to our law enforcement's lives as they try to protect the lives of those coming across the border too. >> they are extraordinary people the folks who guard our people and not getting the support they need from the federal government. to look at scenes like this and remember what mayorkas said time and time again under oath about the security at the border. saying the border is closed. it's nonsense. now it's not only what is happening at the border. it's happening in milwaukee and new york city and northern california. hundreds of thousands are dying of fentanyl. it's a direct result. how knows how many people rioting were carrying with fentanyl with them? >> i said that earlier. >> it's something going beyond the border. americans won't take it anymore.

>> we know from arizona they have chosen the check points to take the drugs through while they flood areas with humans. they are taking the drugs straight through the checkpoints because they are not manned the same. we don't know what everybody was carrying. >> we don't. >> david mentioned the federal of the federal government. in the last 3 seconds there were articulate statements. why is it so hard for the white press secretary to make an articulate statement. listen to her word salad from one day ago. >> move forward with this system. this immigration system that has been gutted by the last administration. we will move forward and do it in a humane way and a safe way and in a way that moves us forward. what we have been dealing with

is trying to fix the damage that the last administration. >> do we have a messaging problem or a facts problem? for the press secretary she has a massive facts problem. karine-jean pierre addressed fentanyl last week and said it's at a historic low. they don't have the facts on their side. anything they say to defend this president for illegal immigration it's mocked. the assertion they are humane. a congressman said what is compassionate about 180 deaths last year and 1.2 million got aways 2 could be terrorists.

she said we opened the pathway to open inigration. you opened something. you opened a lot but not legal imgrecians. -- immigration. it's illegal immigrantsion. >> this current administration's notion this began in the last 6 years. i talked with steve murphy and haffier penna who took down escobar in the early '90s. when i hear this administration reduce history to a sound bite to carry to their woke left and the never-trumpers, it boggles my mind they would disrespect the thousands of law enforcement and civilian lives lost to the

cartels and act like it's a new problem that trump created. >> and the mental health issues the border agents with addiction and divorce. they are dying in the desert. i grew up in texas and arizona. 6 years. i grew up in this. i never got the sense that anybody cared. as a kid and a young woman it's something i dealt with living in texas and arizona. come on! karine-jean pierre i miss jen psaki. could we bring her back? what is she doing? >> how sad that as a child you thought why does no one care? >> yes. >> coming up.

california democratic gavin newsom is having his state cut ties with walgreens because the pharmacy is following the law on abortion.

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bill, where's your mask? i really tried sleeping with it, everybody. now i sleep with inspire. inspire? no mask? no hose? just sleep. learn more, and view important safety information at inspiresleep.com >> thanks to california, governor gavin newsom residents who rely on walgreens for pharmacy needs have to look elsewhere. the state won't renew the 54-million dollars with walgreens after they won't make abortion drugs in states against it. they have proposed legislation and prohibited distribution. newsom treated this: california only do business with

any company that puts women's lives at risks. we are done. what walgreens said, in the 21 states where governors have laws in place and will file legal action, we will abide by what the state says. i don't see how that is controversiesal. >> you are a better judge of presidential politics because gavin newsom wants to be president. they may come to some agree. i think there is political grand standing by newsom. walgreens is trying to survive in the marketplace. i supported supreme court's decision on roe v. wade and giving that up to the state.

every state is a little country in itself. it will be awkward for the next couple of years with different states that regarding the u.s. commerce with abortion pills. >> the pro-life movement was taken out of the process entirely. some states, 21 states made the calculation, a baby at 10 weeks, can use pills up to that point. the baby has arms and legs and a heart beat. they want to protect that life. why can't they make that decision and walgreens is saying our position is once we are certified the fda walgreens will dispense this abortion pill where it is legal.

let the states decide and we will honor this. >> this is preposterous. who years ago establishments were getting licenses revoked if they stayed home. why would a corporation say i won't follow a law when 2 years ago i was mandated in fines and fees to comply with the law? walgreens is only saying they will be compliant. why in the shadow of so many small, media and large businesses that were gutted # from this administration, why they do anything different? governor gavin newsom, it's difficult to get the medication. he says we the replace this

contract. he doesn't care. the population members that are discarded they don't vote. that's why he doesn't care. those seeking abortion are more important to his poke political aspirations than the ones that need our protection. >> and ron desantis didn't after disney. they were given a special place in state law. we are going to take action. evil, badman for doing that. but newsom women's rights we applaud him for going after private companies. >> is disney leaving florida? >> no, they are losing that tax status. >> but staying. >> where are they going to go in

they will work it out. i am curious. i am sort of kidding but not. gavin newsom escaped to go somewhere during that atmospheric river driven snow storm. if walgreens opens up some place he can escape to, he said will say keep that in my state. this is clearly politics. he wants to run for president. he's got to separation those groups out. we don't know the half i am sure. >> go ahead. he is so mad and sick of politicians using corporations and forcing them to into the political side of the debate. walgreens is trying to follow the law. they have to do business in these states. they are a company. they have employees that have

kids and families. if you threaten walgreens in california, a lot of lower income families depend on walgreens for food. >> but he may not see them. >> they are getting hilt so hard by shoplifters because of crazy laws that make it legal. you have to give businesses a break. come on. >> people who attacked ron desantis on disney, disney put themselves in a political space. newsom going after other state's laws. >> imagine if we were president. >> oh, god forbid. >> the united states secretary wants america to take notes from china. yes, china.

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the united states postal service.

>> ♪ ♪ >> ♪ ♪ >> energy secretary jennifer declared energy crisis. she suggested the u.s. look to china for answers on how to better fight climate change. china who is the world's biggest

polluter. >> they invested a lot to achieve their goals. we are hopeful we can learn from china. the amount of money they are investing in clean energy is encouraging. >> it must be opposite day. >> this is someone who is allergic to the facts. the facts in 2021 china was responsible for 25% of the world's emission. one country. this is the way these folks think obama administration negotiated climate accords and china got to increase missions for 13 years. just 14 days of china emissions

would degate all of our gains. this is what the biden administration thinks. >> there is a notion that the globe will hold china accountable. in 1992 they designated them a developing country and it's never been lifted. that's why they get to get ax wear with this. >> absolutely. the united nations one of the most corrupt groups in the world. i can't believe we fund them to this day. there is no reason to have them anymore because of this. a developing country is china. you know what we can learn from china, how to sell technology and how to suppress wealthy business excusives who build companies and they are disappeared and their companies

are taken over. >> and genocide too. >> they are putting new coal plants online. guess what fuels the electric cars. coal energy is much dirtier than our power from national gas. our air is cleaner now than 20 years ago. they are building new coal plants. >> they don't care what they are doing. if we know with the origin and the repication speed we could have devicedd therapeutics.

they play us like they are our enemy. she does sounds like she is working for the nba. we love china. no. no matter what we do here fthey drive fossil fuel and use coal fired everything else, how can we circumvent that? we don't have the population size to be able to do that? we need partnerships. i don't think they want to be partners. >> no. >> go out and buy teslas for $50,000 a car? >> are they 50 now? >> anything we do means nothing. all of the pressure and all of the things we talked about at the top of the show it's balogna

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>> president biden insists the silicone valley bank collapse is contained? we have you covered with experts treads. -- today. is ron desantis pulling the trigger on a presidential run? who is beat biden? john roberts and sandra smith at the top of the hour for "america reports." >> ♪ ♪ >> ♪ ♪ >> stanford university is apologizing after the associate

dean of diversity and inclusion joined a mob of students in heckling a conservative judge invited to speak on campus. the dean previously defended free speech. watch her ambush judge duncan. >> you invited me to speak here and i am heckled nonstop. i am asking for the administration. >> your racism is showing. >> the dean issued an apology to judge duncan saying this: we are sorry about the experience you had on our campus. i could not believe this video. amazing. that apology doesn't include any repercussions. >> of course not.

to watch the race guard card to get dropped. there will be times that people will wish they had not taken the power away from all of the things that had meaning. there was a time when people were marching in the streets behind dr. king and trying to make real civil rights change. the meaning hasn't changed. just the manipution of the word. if you have a disagreement with call names? use the rest of your vocabulary? >> that's true. i was on a law school campus and the student body was militant if you disagree with them. heckled with students. we saw this at yale and georgetown. a line i read in the daily mail. woke students clicked their

fingers after support of this dean after they said hand clapping could cause offense. i am thinking about oral arguments. it's beautiful when you see a judge disagree on the supreme court. >> the caliber you described that exists on the u.s. supreme court, it's what true diversity represents. that's nowhere on the stanford law campus. they invite this judge to speak and trot him out and heckle and mock and cheer for each other while doing it. i was in law school in san francisco. i was president of the federalist society to bring a differing opinion to each debate. thank goodness i have full support. every debate and presentation i

would invite and support the member of the opposing fight. it was wonderful. every lunch hour, the debates were civil and keep in mind. this is the same campus that rewards people reporting anonymously mi micro-aggression. they are recreating 1984. >> for a professor to engage in the heckingly. it was the administrator. >> we have been in an era similar on that. liberals were renowned for being against the mccarthy era in the 1950s. instead of racism the word was

communist. bill barr said he was alive during the mccarthy era. any day in thes right now is worse in terms of the innocent people who lose their jobs or reputations than the whole mccarthy era put together. part of that is because of the fact we have social media now. not as many people had a spotlight as we have now. we watch more of it on phones like with this particular incidence. we can fight back in terms of exposing these people. it's extraordinary that the liberals who argued against it are silent right now. it's so depressing. they are not clear now. >> the students are like an

irr irrationion mob. this mob showed up and was on her same side the left and heckleder. >> i feel sorry for our youth, the stanford snow flakes. reality is about to hit them very hard. when they gradute, we are going into a recession. jobs will be lost. the technology they are trying to get into right now will go down another 20% if jobs. enjoy all of that yelling and screaming now. you are not living in reality. reality is about to show you the true path. it makes me sad. >> i can't any of those students being a justice on the supreme court. more "outnumbered" in a moment.

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♪ ♪ >> harris: and of course when we hear the word "woman," we think of one woman. remember when don lemon decided to put women on the last because of our age? >> nikki haley is not in her prime. she is considered in her pram and 20s or 30s and maybe 40s. that is not according to me. >> for what? if you look at up. if you google when is a woman in her prime, 20s, 30s, 40s. >> harris: well, it appears that michelle yeoh heard every word of don lemon. she must be one of the people

watching. last night, she became the first asian ever to win the best actress oscar. congrats to her. and here's what she had to say. >> this is a beacon of hope and possibilities. this is proof that dreams -- dream big. dreams do come true. and ladies, don't let anybody tell you you are ever passed your prime. [cheers and applause] never give up. [laughs] >> david: way to go. [laughter] >> harris: emily. >> emily: what a triumphant moment for her. she's absolutely right. i love that she did not say his name. she did not have to. a 60-year-old woman that has made history for being excellent at her craft. brava to her. and i think don lemon is on his way out. >> david: he is now defined by that moment.

you know, it's funny because originally, he was kind of conservative. >> emily: he was? >> david: i'm going way back. then he found out there was more money to be made -- >> harris: i did not know this about him. that's interesting. >> david: right now i think he is more defined by that phrase. you know, you live and die by the sword. he has. i don't see how he recovers. >> harris: we've got to go back to michelle yeoh. forget don lemon. she is 60 years old. a physically demanding role. she was a bad you know what in that movie. she disc deserved that oscar apd this is our prime moment. according to don lemon, i should be in a wheelchair at this moment, and there she is kicking booty. i was so excited. i stayed up late and watched it. >> harris: let's take a look

at this. so, her costar won for best supporting actor last night. let's watch. >> i spent a year in a refugee camp. and somehow i ended up here on hollywood's biggest stage. i cannot believe it is happening to me. this -- this is the american dream. [cheers and applause] i to >> harris: i want every woke and present who are going to have to wake up to the econo, i want them to know what he's saying. the american dream. >> kayleigh: it's refreshing to hear. there are those who question the american dream, whether it does exist. he is proof of that. what a beautiful testaments. i cannot do a don lemon segments without commenting on don lemon. i don't watch the oscars. but i did not have on my 2023 bingo card defending nikki haley at the oscars.

that was very unexpected. >> david: by the way, he was escaping communism. he was running away from exactly what the world is running towards right now. we should remember that. >> harris: that is so interesting. while, thank you for being with us. remember, when you cannot be with us, dvr us. "america reports" starts now. ♪ ♪ >> sandra: fox news alert now appeared after visiting iowa and florida, ron desantis is visiting another primary state with speculation growing over his 2024 presidential ambitions. he will have my enough fund-raising gala that is happening next month. >> john: continues to claim that the trips to battlegrounds to it are just part of the book tower, but is he using the visis a 2024 test run as a g.o.p. field gets more crowded? david and kevin are here to weigh in o