hi, i'm lauren, i lost 67 pounds on golo. i have tried so many different products and have lost so much money and wasted a lot of time. golo is a miracle, it really is. no money wasted in this at all. >> as an administrator -- [yelling] >> your racism is showing! >> john: it's happened again. a woke mob shouts down a judge because they don't like his views. and this time, the dean is a rabble-rouser. >> sandra: all new at 2:00, why this incident is so troubling, even to folks who

have been ringing the alarm bell for years. we begin with this fox news alert. >> john: president biden heading to california this hour after giving an update on the sudden collapse of silicon valley banks. the president sought to reassure americans, all while taking shots at top bank executives and republicans for the failure. welcome back as "america reports" rolls onto us again our appeared happy monday, sandra. here we go again. >> sandra: i'm sandra smith in new york. the news continues. 2:00 on the east coast. sounding off on the handling of this banks collapse. nikki haley offering their take on all of that as they gear up for their 20202024 run. >> john: out with a warning about the future of guaranteeing deposits. >> politically, it's going to be impossible not to extend the

same full, unlimited deposit guarantee to all banks. once you do it for one bank, it is hard not to do it for ano another. >> john: let's get straight to peter doocy, waiting president biden's arrival there in beautiful san diego. peter, what a lovely view. >> it is lovely. over the weekend, president biden talk to the state's governor. he talked to his economic team about the bank collapse, and this is what they came up with. >> no losses -- this is an important point. no losses will be paid by the taxpayers. instead, the money will come from the fees that banks pay into the deposit insurance fund. >> elizabeth warren writes in "the new york times" today "no one should be mistaken about what unfolded over the past few days in the u.s. banking system. these recent failures are the direct result of leaders in washington weakening the financial rules.

president biden seems to agree. >> the management of these banks will be fired. if the bank has taken over by fdic, the people running the bank should not work there anymore. third, investors in the banks will not be protected. they knowingly took a risk, and when the risk did not pay it off, investors lose their money. that's how capitalism works. >> bo president biden is catching major flack for approving parts of the conocophillips willow project. a huge drilling operation in alaska. 180,000 barrels a day on the way, the sierra club is saying in part about the president -- they say his administration -- i'm going to read it right now. he and his administration have made it almost impossible to achieve the climate goals they set for public lands, and they continue to say will i will be one of the largest oil and gas operations on federal public

lands in the country, and the carbon pollution it will spew into the air will have devastating effects for our communities, wildlife, and the climate. we will suffer the consequences of this for decades to come, so president biden is hearing about his environmental promises that may be now broken and also hearing about the banks, but he just wants to talk about subs, and we expect him to be joined by leaders from the u.k. and australia for a big announcement about that. john. >> john: trying to throw them a bone by saying we will do willow but nothing else on federal land in alaska. peter, we will talk to you later on. >> sandra: amazing day in american politics. the $200 million bank rescue and the approval of an oil project in alaska. all right, who would have guessed that? as president biden get set to arrive, a massive oil project.

i move that has greatly upset the progressive members of his own party. saying this is just the latest attempt in recent weeks to make it seem like he is pivoting towards the center before he launches his reelection bid, including the radical crime bill working with republicans on slowing the spread of fentanyl. we have more from the hill. so how is the far left reacting to bidens latest promise? >> hey, good afternoon to you. some senators are calling this a disastrous decision. others are saying this has been the trail by the president, and others saying that the president has now pretty much ruined his chances for 2024. >> we only have one here young people who took a bite and into office, this is their number one issue. if they stayed home in 2024, we

lose the election in 2024. >> so 2024 is doomed, according to them. meanwhile, democrats are actually taking a ladder stands on issues that the biden administration has taken a lot of heat on here the southern border. house democrats just launched a brand-new fentanyl prevention caucus with the republican colleagues. on crime, we just saw about 30 senate democrats support the house g.o.p. resolution to nullify that d.c. city council crime bill, and on covid, every house democrat present last week voted with republicans to declassify documents related to the origins of covid. >> was interesting, maria, is that change in the administration since the republicans took the majority. since we put together a committee, we now get the truth. remember what we just passed last week. we've got everybody voting. >> so while the far left says

this is really hurting them, others would say this is democrats saving themselves for 2024. >> okay, thank you. >> john: let's bring in byron york, chief medical correspondent for the "washington examiner." how in lockstep with republicans president biden has been. let's bring up the list appeared pledged not to veto the d.c. crime bill appeared went against the progressive wing of his party. considering renewing the trumpet era policy, putting him at odds with the progressives of his party and his plan to approve the willow drilling project. at the moment, he seems to care more about embracing independence in persuadable republicans then progressives geared >> there's a lot of speculation about whether he is going to run again in 2024, and there can be no more reliable indicator that he is going to

run. i mean, why would he be pivoting to the center? this is a classic thing that politicians do. they tried to make their base happy. they make democrats happy as long as they can, and when it is time to face the voters again, they moved to the center. >> john: tick of the progressives and move to the center appeared progressives say he has done for 2024. okay, who are they going to vote for? bernie sanders? >> that is the classic thing. you want to move for ron desantis? >> john: he is traveling to san diego. meeting with the australian prime minister. big issue on the agenda, selling nuclear powered submarines to fend off the new threat from china will be one of the issues. yet at the same time, jennifer is saying china should be a model to the u.s. for how to deal with climate change. listen geared >> but i think china has done -- has been very

sensitive and has actually invested a lot in their solutions to achieve their goals, so we are hopeful that, you know, we can all learn from what china is doing, but the amounts of money they are investing in clean energy is actually, you know, encouraging. >> john: where do you even start with that? >> that was kind of surreal. they have cold plans in every 1e worst leader. this is -- it is it is bizarre. >> john: i don't think that any of those are powered by nuclear or solar. >> setting in motion a process that will give them nuclear power, not nuclear arms -- nuclear powered submarines. i think it is something that is going to have a lot of

bipartisan support. something that the united states obviously needs to do to project power in that part of the world. >> john: something interesting happened. the annual gridiron dinner. mike pence was one of the big speakers there. it is usually defined by comedy, and he did engage in some co comedy. we can talk about that later, but he also got very serious and took aim at president trump saying "history will hold donald trump accountable for january 6. "he said "make no mistake, it mocks decency to portray it in any other way. president trump was wrong. his reckless words endangered my family and everyone at the capitol that day. he said something similar to that in the past, but not altogether and not as pointed as that, and he wanted to say it in the forum because it was not on camera, and it looks like he's

getting ready to pull the trigger on 2024. >> this is the most critical he has been at any one time. why didn't he save us a while back? january 6th was more than two years ago, but the third factor in this is why did he choose this particular audience? the gridiron club is the ultimate washington insider group of people who hold office, people who work in the administration, and a lot of journalists. precisely the crowd that if you are trying to win a republican presidential primary, you would not really be sucking up to -- and yet this is a place that he decided to do it. i don't have certainly any problem with what he said. the substance of what he said. mike pence i think in a lot of people's eyes performed really, really well on january 6. he stood up to a lot of pressure from donald trump to do the wrong thing, and he did the right thing, so that's all good,

but why are you trying to sell yourself to the gridiron dinner? >> john: yeah, well he's going to make a decision at some point. i think it might be sometime late april, beginning of may. byron, thank you. what is your bet, sandra? >> sandra: call him, invite him back on the show. see what his thinking is on that today. >> john: i think he will probably tell us he is giving at a lot of prayer, a lot of thought, but he and his family decide that it is the right thing to do, and if he feels called to do it, he will do it. >> sandra: the choice of audience to bring that up with and the time is all very interesting. we will check in with him here john, thank you. videos made while taking over social media. the street racers taking over cities. we saw this in chicago, and now it is happening all over texas. we will tell you how governor greg abbott is now fighting back against america's

growing crime crisis. >> john: and we are looking live at silicon valley bank branch in santa clara, california. the government's big concern, around on the banks. we will talk to a business owner who had millions of dollars in that bank and what she is going to do now. ♪ ♪ >> they were calling for a low, the fed needs to bail out this bank. on twitter, all weekend, did we not learned from covid that you need to step back and think about the panic that people peddle? ♪ ♪ with bank of america. see cousin jimmy over there? his girlfriend just caught the bouquet so... he might need a little more help saving. for that engagement ring... the groom's parents. you think they're looking at photos of their handsome boy? they're not! she just saw how much they spent on ballroom dance classes... won't be needing those anymore.

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>> john: the shutdown of silicon valley bank sending ripples through the financial world.

today, the fdic transferring all deposits as well as assets of the former bank to a newly created rigid bank. the fdic says that customers will have full access to their money. joining us now, there's a lot of folks out there who are pretty happy to hear that they will have access to their money. >> that's right. we've been tracking the lineups across silicon valley, and right now, from what we see, customers have been lining up before the bank branches open in order to get their cash back. we spoke to one customer who flew all the way and from australian to make sure he got his money back. listen. >> with significant money on the line, we want to take every option we've got to make sure we protect the capital. the bank has had a huge history appeared very established, credible. people did not take their money to try to get huge interest rates. just a responsible place to put your money.

>> they collapse in a frantic bank run that took place last week, and the u.s. government stepped in to make sure they guaranteed all deposits for those customers that have their cash inside the banks, so they will have access to all their money starting today. monday, march 13th. no losses associated with the resolution, and that will be borne by the taxpayer. you also have to remember this is not a typical bailout and that stock and bond holders had been completely wiped out, but many are blaming the ceo greg becker for the bank's failure. we had a shareholder last just filed minutes ago, blaming becker and other executives for failing to disclose risk associated with the rising interest rates. now as a result of the collapse, there are concerns about other similar smaller banks that are also at risk. all three of them are sharply

down in the session right now. wall street is concerned that the panic may spark a bank run as well. now the fed has stepped in and also to make extra cash available to make sure there is a contagion. and to make sure businesses and households are also protected as well. guys. >> john: all right, susan li, thank you. speed to her company has at least $10 million deposited at the bank and has been trying for days to recover the funds. let's bring in ashley turner. she joins us now. actually, we can only imagine how stressful the past few days have been for you and your company, your employees. $10 million in this bank. what have you been able to access? what is your situation right now? >> thanks so much for having me. we were very lucky before this happened with svb, so it still

business as usual. no interruption for us, but not having access to any amount of capital is concerning. we were very thrilled with the news last night. every advisory spoke to said that before the market opened the today that the fed would step in and do something. to date, we still have not seen our funds. my cfo is working to get access to our funds, and we hope that by sometime this week we will be able to move what we have an svb that is no more over to one of our other banks. >> sandra: seems like you've got a really good positive attitude about a really the gold situation. we put up some details about your company. it is a healthy food delivery service that you run for medicare and medicaid recipients. you are boston-based. you've got 63 employees of your company had at least $10 million and silicon valley bank. what is your communication right now with that banquet? can you get 70 to pick up the

phone? are they responsive? can you use the app? what is it like right now? >> no, we are not able to log into our account there. we have had to go through the fdic and registry. we have not heard from anybody at svb, and at this point, we really just stopped reaching out. we are very fortunate. many companies are not as fortunate as we are. we continue to operate and have zero disruption to the business because we have funds elsewhere. this was a smaller percentage of the money that we have. but you know, we are working through the process of what is next? also where do we put our money? for us, our strategy is too big to fail, and that is why we are keeping our fund is a diversified through other banks. >> sandra: you moving into other banks rather than smaller regional banks. that is very interesting. you wonder if they are going to be companies like yours that go

that route. these are companies that are affected that we know of by this collapse. a lot of very familiar names in this list for our audience, including etsy, shopify. there is a company just about everybody recognizes. this is a small regional bank. are you completely surprised that this is happening? what was your first indication that there was trouble? >> well, the first indication was we heard it when the media had heard it, late thursday afternoon. completely shocked that this happened. devastated that this happened because svb was the heart of the ecosystem for the technology and venture funded company world. they were very founder friendly. the first to give us a credit line when nobody else would when we were first starting out, so we are completely devastated by this. now it is what's next?

>> sandra: what do you believe is next? >> i don't know. to be honest with you, we do have banking at first republic too. we are a little alarmed with what is going on there. my cfo has moved everything into you, you know, wells fargo, chase, diversified. >> sandra: that's very interesting. ashley, thank you so much. a moment of obviously a lot of stress for you and your company. we appreciate you coming on and talking to our audience about it. our best to you. thank you so much. john. >> john: sandra, fairfax, virginia, public schools just cannot seem to stay out of the news. this time, a controversial test question has parents demanding answers. plus this. >> so, you invited a speaker here and then heckled nonstop, and i am just asking for the administrator -- [yelling]

>> your racism is showing! >> sandra: those were students at stanford law school who shouted down the judge invited to speak on their campus by the federalist society. by now, you know where this is going. jonathan turley says that the incident is shocking. even folks like him who have been worried about the demise of free speech on campus for years. he will tell us why, next. mayber car insurance to progressive. you could save hundreds. that's a great idea, tv dad. but i said the exact same thing. some day when you're a father, you'll understand. i'm his father. it's not a competition. listen to your tv dad. drivers who switch and save with progressive save nearly $700 on average. >> tech: when you have auto glass damage, trust safelite. we'll replace your windshield, and recalibrate your advanced safety system. so automatic emergency braking and lane departure warning work properly.

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♪ ♪ >> sandra: fairfax county public schools in virginia scrambling to respond after a parent caught a glimpse of a question that was asked in an ap government class. chief washington correspondent mike emanuel on that. what was the question? >> a controversial question asked students to choose a "accurate comparison of liberals versus conservatives." then the choices are a bunch of stereotypical identities based on race, gender, sexuality, and age such as young white males,

catholic midwestern middle-age male, and west coast hispanic teacher, leading a dad with a background in politics to blast the school system. >> everybody has a responsibility, k-12, secondary education to start putting more of an emphasis on learning the basics, the facts. right now, it really feels like it's more about practicing ideology rather than practicing academia. >> in a statement to fox news, they say "we accept that an ap government test question designed to assess 12th graders understandings of american political ideology did not meet the divisions high expectations. the question will be removed from future tests and review of all online campus test questions will be carried out. the board that creates and oversees advanced placement programs denounce to the

question. "we did not and would not create a question like that for a few students fear neither the content know the format this question is appropriate for an ap exam. some parents now urging it is time for more fundamentals and less ideology. sandra. >> sandra: mike emanuel on that. thank you. john. >> so you've invited me to speak here, and you have heckled me nonstop. i am just asking for -- [yelling] >> your racism is showing! >> john: stanford university now apologizing after a school dean joined a mob of students and protesting a conservative judge who was invited to speak on campus. federal judge kyle duncan's speech was derailed when students heckled him and accused him of causing harm. let's bring in jonathan turley. but most importantly fox news contributor. jonathan, here we go again.

>> yeah. this is part of what has become an academic echo chamber across the country. free speech is really in a free we've seen for years. as the number of conservatives actually invited to speak on campuses is relatively low, but also the number of conservatives on faculty's are relatively low. "the harvard crimson" did an interview recently with a 90-year-old republican professor as sort of like they discovered a white buffalo on the plans. this interview, they virtually poked this poor guy with six, describing what a republican is like two students at harvard. that is what we are facing in academia. there are very few alternative views given to students. >> john: well, at least they were not dissing golden retrievers, which in my heart is a good thing. you saw the judge up there at the podium asking for an

administrator to come up and deal with the situation, so an administrator did. the associate dean for diversity, equity, and inclusion, tirien steinbach, went up on stage and said this. "it's uncomfortable to say that for many people here, your work has cause harm. again, i still ask, is the juice worth the squeeze? the division that this causes? do you, the judge, have something so incredibly important to say about twitter and guns and covid, that this is worth the impact on the division of these people?" this is the dean joining the m mob. >> it is breathtaking. but unfortunately, it is not surprising. you know, this is a dean who is blaming a federal judge for sharing thoughts that she believes are harmful. thoughts and values that are shared by at least half this country. certainly half of the federal

bench. yet she stands up and condemns him for trying to exercise his free speech. it is that concept of speech as harm the is transforming our universities into this academic echo chamber. >> john: and she used to work with the aclu, which is supposed to stand up for free speech, but the cherry on top was that she told conservative students that if they're traumatized by what happened, one of the resources they can reach out to for counseling is heard. and she was the one who criticized -- but anyways, the san fran president and stanford law school dean trying to make this all right. "we write to apologize for the disruption of your recent speech at stanford law school, as has already been communicated, what happened was inconsistent with our policies on free speech, and we are very sorry about the experience you had while visiting our campus." goodness gracious.

it is like you cannot listen to an alternative voice in many places these days, and if you can't have a rigorous public debates, you are going to get your feelings hurt every time somebody says something you don't agree with, where are we headed in terms of being a nation? and in particular, these are law school students. remember they wanted a place to cry? these are supposed to be tough nosed attorneys. >> we are turning the students into emotional basket cases. telling them that they need therapy when they are faced with opposing concepts or views. saying that they can always go to this very day in is perfectly bizarre. it is like telling chris rock that he can go to will smith for emotional support. she was part of the problem. but we really have to look seriously at this incident. by the way, the letter from the president, noticeably did not

contain a couple of things. and the most important thing is she did not say -- the letter from both of these officials did not say that they would be holding the students accountable. you have students that were shouting down a federal judge, saying "your racism is showing," not letting him speak. the one thing they do not commit she was protecting free speech by telling students that if you disrupt a free-speech event, if you stop others from speaking or being heard, you have no place in that law school. >> john: jonathan, always fascinating and often entertaining to get your thoughts on things. thank you. appreciate it. sandra. thank you, john. >> sandra: donald trump's former lawyer is testifying before a grand jury in the investigation into hush money payments allegedly made on behalf of the former president. he has been probing whether he committed a crime by arranging a

payout to stormy daniels before the 2016 election. all this of prosecutors away whether to seek charges against the former president. john. >> john: sandra, ukraine says russia is suffering heavy losses and gruesome fighting over the past week. we will go live to kiev for the very latest in moments. >> sandra: plus, who is to blame for the collapse of silicon valley bank and whether they should bail out the nation's 16th largest bank. so was the bank crisis properly averted by president biden's economic team? what could go wrong? tammy bruce and art laffer are here to make sense of all of it in the dramatic downfall, next. >> you spend almost $7 trillion, print, borrow, spend that much money. then these banks are forced to come in, buy treasuries with no yield. rates rise quickly, and all of a sudden, they are losing money under their

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>> politically, it's going to be impossible not to extend the same full, unlimited deposit guaranteed to all banks. once you do it for one bank, it is hard not to do it for ano another. >> sandra: quite all warning and protection from mohamed el-erian last hour who

advised president obama, you will remember. let's bring in our panel now. art laffer is here. and tammy bruce, "fox nation" host. welcome to both of you. art, that was quite a prediction. what is your reaction to that? do you agree mr. mike >> well, i think he's correct. once you do it to one, you have to do it to all. it is really terrible that we have caught ourselves in the situation, but with silicon valley bank, they, a year and a half ago, had zero interest rates. they stretch their portfolio out to look for yield for their deposits being held to about zero, and of course you have the flip and interest rates because of bad economic policies, both fiscal and monetary. bond yields went up, which meant the value of their assets went down. and then they flipped, and then the fed had to come in. they had to do that.

there was nothing they could do. it was a consequence of their bad policies, however, and that is what happened. here is where we are. i would have done the same thing. i would have guaranteed all the deposits. >> sandra: that is very interesting. meanwhile, questions over what happens next, but for some accountability would be nice. who is to blame for this, tammy? >> that is the thing. we want to think that there is a singular thing that went bad, but what you are seeing is a recognition, a fear that this could be systemic. when somebody tells you too enthusiastically that you should not worry, that everything is going to be fine, then i began to worry more. we have seen that. so there is a recognition that yes, maybe svb made some bad decisions, but this could be systemic. we see it with other banks that this is about where they put the money and the inflation and about the value, right?

>> sandra: meaning vested not just just happen. >> it was not robbed by leprechauns, even though it is march. this is something we saw happening even through last y year. apparently you had -- last year like the least amount of money going into banks by individual consumers, as they were moving money out to get higher yields themselves because they yields were so far down, but you had to see this. this is the same administration who said inflation is transitory, signaling to everyone don't worry, keep doing what you are doing, and this was the core of the problem. she eventually admitted she's wrong, but she's in charge of all the money. it is him and janet yellen. the biden administration. it is both parties to some degree when it comes to regulations, and they are going to have to do this when it comes to each bank. how can we guarantee every deposit in every bank in this

country? it is going to be -- >> sandra: it's a really important point because when i was speaking to mohamed el-erian, he said that he still believes that the way we've seen the fed behave will be viewed as one of the worst federal reserve policy decisions in u.s. history, but the fed was tasked with that, and very slowly and very late because the administration did not acknowledge early on the administration crisis that was already happening. that is a big part of the story. i know that you are making some predictions over what this means politically, and some consequences that may result, art. >> yeah, well, the fed has about $8 trillion worth of bonds, totally out of control. they should not have anything like that. the administration has been spending crazily and now wants to push higher taxes here they have set up a boiler that is really about to explode, and this is the catalyst here.

it is sort of like long-term capital management was or lehman brothers, and what they are trying to now, now that their weaknesses have been shown so clearly as tammy pointed out, they are trying to control it from going further. really they had to. but it's there policies that need to be changed, and as tammy said, biden needs to be fired, and so does powell. >> sandra: at the end of the day, people want to know is their hard-earned money -- are there dollar safe in american banks? >> we reflect on what happened in 2007 and 2008 when people lost their homes, they went underwater. full accounts went away. it was chaos. the collateral damage, americans don't want that again, and they are going to react in a certain way, and with social media as a contagion -- things move much more quickly now.

>> sandra: it is such a good point. you can make a transfer on your app on your phone, and that is a totally different world then we were during the last financial crisis. real quick, last thought. >> the thing that is going to happen here is the political repercussions, very similar to what bill clinton did in 1993. this time, by the way, biden and the fed have done it preceding a general election, and that i think is going to be very much to the detriment of the democratic party. >> sandra: bank bailout in the last 24 hours by this administration, and the approval of a major oil project in alaska. who would have thought? good to have you. thanks so much. >> john: sandra, russia reportedly suffering heavy losses as the vicious battle rages on. volodymyr zelenskyy has reported more than 1,000 russian casualties in just the past w

week. steve harrigan is in the ukrainian capital, and he has got the very latest for us. >> john, simply devastating reports on both sides from the fighting in the east of ukraine. reporting 1100 russian soldiers killed in the last week alone. they are mercenaries who have been freed from prison in order to fight. the leader of the group says it is extremely difficult fighting, but rush also making unsubstantiated claims about the number of ukrainians killed, saying they killed 220 in just one day. trying to get the wounded out from the battlefield is very difficult with this spring and fall. many roads are simply pure mud. >> sometimes we need to go slow when we have a severely wounded patient. they can be shaken on the road. appeared >> ukrainian officials have been talking about the

possibility of a spring offensive. likely to target russian positions in the south. >> one or two major tactical defeats will demoralize the russian army. it will begin to flee in different directions, and then social protests will start inside russia. >> some u.s. officials have expressed concern at the intention and the manpower being used to fight, that it could slow down the spring offensive. john, back to you. >> john: we will keep watching. >> sandra: dangerous drag racing taking over the streets in texas. cops say a kid as young as 13 was recently involved. governor abbott is now stepping in.'s ♪ ♪ mreal-time money moves with merrill. so no matter what the market's doing, he's ready. and that's... how you collect coins. your money never stops working for you with merrill, a bank of america company. what's the #1 retinol brand

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governor abbott calling for a task force to crack down on the drivers. casey stegall is live in dallas. this has popped up in multiple cities, not just in texas but across the country. >> yeah, john. you took the words out of my mouth. it's not just a texas problem. other states are experiencing this as well. it started during the pandemic law enforcement says but has not shown signs of stopping. the problem is so bad, police forces here in texas created many of their own street racing task forces to deal with this prior to governor abbott creating the statewide task force and announcing recently, which just adds additional resources to the problem. check out this latest video from march 4 around houston. several cars taking over a parking lot driving recklessly, doing doughnuts and stunts. days before there were about 200 cars involved in another incident.

some people were arrested including a person who had a 13-year-old in the car with them. the d.a. says harris county has some 850 pending cases for street racing and reckless driving along with 200 vehicles seized. >> this is a deadly activity. don't do it. law enforcement is ready. prosecutors are ready. you'll not just go to court, we'll convict you, take your car if you live. >> now, this austin incident, remember this recently? made headlines in february when racers went nuts throwing fireworks at cop cars. one officer was hurt. no other major injuries. many enthusiasts tell us the popularity has exploded but it's out of hand. >> it's sad that it's getting poplar among the young group. i don't think that's the way

they should go about with the automotive world. >> sacramento, chicago, a handful of the other cities that have reported problems like this again as people get more brazen across the country. john? >> fast and furious for real. casey stegall, thank you. >> yeah. >> john: a rollicking two hours. >> martha: thanks for joining us. i'm sandra smith. >> john: and i'm john roberts. >> martha: good afternoon. i'm martha maccallum in new york. breaking on "the story," we're in the final hour of trading on a day that has had a lot of investors on pins and needles. the fear is whether we'll see a contagion effect set in at the second and third largest bank failures in united states is history. this is a huge deal. this is a lot of money and tentacles that reach into a lot of different places. not sinc