♪♪ this sunday, a stunning collapse. the second largest bank failure in u.s. history rattles the tech world and raises fears the panic could spread. >> when banks experience financial losses it is and should be a matter of concern. >> why did the government have to take it over so quickly and are other banks at risk. >> i'll ask sheila baer, the former chair of the fdic about the last banking crisis. >> legal troubles. donald trump faces potential criminal charges in new york where he's been invited to testify before the grand jury

this week? our country has become the investigation capital of the world. >> while his biggest challenger visits iowa for the first time. >> we will never, ever surrender to the woke mob. >> will the republican primary voters even care if trump is indicted? and the art of deception. house speaker kevin mccarthy hands over january 6th footage for tucker carlson who claims the insurrection was mostly peaceful and it serves to divide republicans on capitol hill. >> i think it's bull [ bleep ]. >> bob menendez of new jersey, senator of the foreign relations committee and joining me for insight and analysis are, mariana sotomayor of the washington post, jonathan of politico and republican strategist brendan buck. welcome to sunday. it's "meet the press." from nbc news in washington,

the longest-running show in television history. this is "meet the press" with chuck todd. and a good sunday morning. it was a week to borrow a phrase of everything everywhere all at once. global instability and threats to democracy at home and it ended in the second largest bank collapse in u.s. history, all of it adds to the uncertainty many americans have been feeling for a few years now. around the world, iran and saudi arabia agreed to restore ties in the middle east and a deal brokered not by the united states, but by china and it happened just as our nation's top intelligence leaders testified that china is, quote, the most consequential threat to u.s. national security. on our southern border, the kidnapping of four u.s. citizens in mexico and murder of two of them just over our border raised tensions on the charged issue of border security, prompting calls for president biden to crack down on cartels and the real question whether the mexican government can be a partner in this and then a threat to

democracy at home and the republican divide on the capital attack broke open after tucker carlson presented an alternative insurrection describing it as a mostly peaceful chaos and republican senators called the broadcast normalizing the attack on the state, dangerous and disgusting, one even used an expletive and many house republicans, they defended the broadcast. the biggest political story of the year kicked off in iowa as the co-front-runners for the republican nomination took their campaign there for the first time and ron desantis and donald trump in davenport, iowa tomorrow and the manhattan district attorney's office has held a day for donald trump to be in front of the grand jury there where criminal charges for trump's role in the payment of hush money for porn star stormy daniels could be coming any day

now. how will he respond to the former label, indicted former president if indeed the d.a. does move forward with those charges. we'll turn our attention to the bank failure. silicon valley bank became the second largest bank in u.s. history and the first since the financial crisis in 2008 to fail. the bank is small by comparison to the nation's largest bank and it held $209 billion in assets compared to $3 billion in j.p. morgan chase. it did set off concern not just about the banking sector, but about how banking firms behaved in silicon valley and that sent stocks tumbling. the biden administration tried to remain calm about all of this on friday. >> when banks experience financial losses, it is and should be a matter of concern. >> with the reforms of the global financial crisis of 2007 and 2008 we put in regulations

to provide for the banking system. >> joining me is sheila baer which had to take control of silicon val owe friday, and steve liesman. steve, let me start with you. what will happen tomorrow morning? >> we are waiting to see what the federal reserve says. do they do anything? do they calm the market through a statement or programs? we don't know if that's the case at this point. it's a big, big question tomorrow morning, chuck, two things. one is does the fdic announce how much deposits will get and the number could be critical as to the kind of confidence that would permeate through the market and if the market is 80 cents or 90 cents on the dollar and there might be some calm that might pervade the market and uninsured depositors at

other banks will be concerned. that's one. the second thing is does the federal reserve work with other agencies to provide anything regarding insurance or some kind of assistance to those sitting in uninsured deposits at other banks. >> sheila baer, you ran the fdic. what can we expect tomorrow morning? >> you can expect what the advanced dividend on the uninsured. that will be a number that they'll feel confident. >> will they do it as a percentage? >> yes, exactly. any bank which is the closest renounced a 50% dividend. any mag bank will be smaller than this, and it will be significantly higher, is that what your successor is doing right now? >> i think so. i hope so, that's the smoothest way to handle these and almost all of the bank failures in the

financial crisis and we had 100 of them. we sold failed bank to a healthy bank and usually the healthy acquirer would also cover the uninsured because they wanted the franchise value of those large depositors. often, that's the best outcome and it was a liquidity failure and the bank run. they didn't have time to prepare and market the bank and they're playing catch up. >> the fact that it was a bank run, steve and it was venture capitalists and peter teal's name who became famous in political circles for getting heavily involved in the 2022 elections he pulled his money out and said hey, guys, something doesn't look good lear here and it started a run. does this tell you that there is something that could be isolated or could this happen at other banks? >> chuck, you're asking the question that wall street has, i think, 24/7, been debating since this happened. let's put this in context.

this is probably the first bank run in the digital age and i don't know if sheila would confirm that and that means a tweak can cause a bank run. i don't know if a tweak has caused a bank run before and comments like peter teal and others have caused a massive amount of deposits. so there are four things that are thought to make this bank unique. it had a particular risk in its balance sheet when it came to interest rates. it did not seem to hedge that risk. second, it was highly concentrated in the industry so that all of its -- most of its depositors and borrowers, by the way, were from the same place. third, it had a lot of losses on its books which a bunch of banks do and the fourth thing is the uninsured deposits and 87%, we are told, of its deposits were uninsured compared to other banks that were 40% and it's

isolated, chuck. the key thing for tomorrow morning is what do regulators do to give people comfort that indeed it was isolated and will remain isolated. >> i want to put up, sheila, a number of companies that people might be familiar with who had deposits in here who all need to make basic payroll runs here. does the fdic, can they sort of help ease the payroll issue on their own or are they going to need an act of congress or something? >> well, no. i think -- they only insure deposits and they charge premiums for under $250,000 and if there is to suggest something is very wrong then it's an extraordinary procedure, they arguably could, but this is a $200 billion bank and a $23 billion industry and i think it will be hard to say that this is systemic in any way. for the payroll, i think the advanced dividend will help these companies make that.

i know some of the names you put up there, that's not necessarily payroll. i think circle, those are reserves behind the stable coin. that's not their money and they can't use it for payroll. they need to differentiate. >> no doubt. >> these are companies that have insured deposits, exactly rate. >> steve, you spent a lot of time watching jay powell at the fed. who -- who should be watching out for these banks as they try to deal with the interest rate hikes here? is it the fed's responsibility to warn banks that they need to be smarter about managing the interest rate hikes or is this on the banks and was this on silicon valley bank who was just sort of perhaps not realizing that hey, these interest rate hikes might be here to stay? >> again, a question that a lot of folks will be asking tomorrow morning, chuck. let me walk through a little bit of that. yes, this bank was regulated by the federal reserve. were there enough red flags out there?

certainly some of the postmortems that i'm reading suggest that regulators should have seen this problem in this bank. on the other hand, chuck, this is still a free-market system despite massive regulation that's out there and banks are free to fail like we've had over the past several months and the most aggressive rate hike cycle in two generations. some bank's business models will not work anymore. whether or not this bank should have taken steps and i think it should have had it been up to the bank and it is up to the regulators in the second instance and that postmortem will look at whether or not the regulator should have seen this coming and whether or not the fed should be cutting interest rates and certainly the market thinks that the fed will be less aggressive now. >> maybe not cut -- >> slow down the rate of increased and give banks more time to handle it? >> yeah. >> that's what people are thinking that certainly the market dramatically repriced on thursday and friday, chuck.

>> sheila bair, thank you, steve. >> thanks for coming on. >> let's turn to the border. four americans abducted and kidnapped just a mile -- just a mile across the border from brownsville, texas, in matamoros, mexico. four friends from south carolina traveled to mexico where latavia mcgee intended to get cosmetic surgery. in the days that followed they were moved to three different locations by members of the gulf cartel and security forces located them tuesday morning and the biden administration is in a bind politically, caught between republicans eager to exploit border security as a campaign issue and by democrats angered by the asylum limits in which it's considering bringing back national detentions and do we have a national security crisis just over our southern border? joining me now is a member of

the senate foreign relations committee and democratic senator bob mendendes. i invited you on before all of this happened. have you gotten a briefing over the weekend and what's your sans of what we can expect tomorrow morning? >> well, chuck, i have not gotten a briefing yet, but i think that your previous panel pretty much had it right on. the question will be number one, what are the excesses beyond the insured amounts and the ability to deal with those and the companies in terms of meeting payrolls. the broader question will be should the regulators have been on the ball to ensure that this bank could not have had this risk and what else is out there in this regard as someone who sat in the banking committee

where we met with that last crisis? the goal is to try to avoid a crisis and not to deal with it and that will be questions that will be raised. >> it's just a simple way. are you more concerned that regulators underreact or overreact here and are you more concerned that government overreacts or underreacts? >> well, what i'm concern side you get it right. it doesn't mean that it's a question of getting it right. did the regulators get it right, that they allowed this to take place in a way that's to be expected in the market or should they have been more forward leaning in saying you have to mitigate your risk. that something we have to see in the day ahead. >> do you think the fdic should have insured more than $250,000 for deposit? should that go up? >> it served us well for a long time and the question is where

are we in the marketplace today and does that make sense? of course, that would require additional insurance proceeds in order to cover it. that's a question to look forward in the future, but at the end of the day, depositors know that they covet up to 250,000. so they make choices to diversify as well so that they're less at risk of anything like this. >> bottom line, you're not ready to offer them a bailout. >> oh, i'm not ready to offer them a bailout by any stretch of the imagination. we have to see everything that isn't pertinent to this specific set of circumstances and to see what else is out there if anything else is out there that we should be thinking about. >> all right. let me move to what happened to the four americans this weekend. what did it expose which is the fact that this is an administration in mexico that has chosen a different tact in

dealing with the cartels meaning they don't want to deal with them the way the previous administration did and they don't seem to want to work with the united states and get our help with dealing with the cartels. how do you deal with this when you have a mexican government that may not be on the same page? this is one of our great challenges. president lopez obrador when he talked about kisses and not bullets. that's not working very well. it is the cartels that run the border communities, not the government of mexico. mexico has a responsibility, first and foremost to its own citizens to establish safety and security within its own territory and to those who visit its country, as well. so we need to up dramatically our engagement in mexico and it

can't be about economics and it has to be about safety and security, as well, and i am afraid that we are headed in the wrong direction on that and on democracy questions, as well. this is a present danger that we have to deal with and we have to engage the mexicans in a way that says you have to do a lot more in your security. we can help them and we have intelligence and other information we can share, but we need them to enforce in their own country. >> do you think designating the cartels as a terrorist organization helps or hurts the ability to work with the mexican government? >> well, slapping a designation isn't in and of itself going to change anything. the question is how do you go after the cartels? how do you dry up their money? how do you go after their leadership? how do you put them away? how do you deny visas for mexican government officials who ultimately are not engaging in the act of prosecution of the cartels? those are some of the things

that you can do that ultimately mean something at the end of the day. >> how would you vote on this? it may come to a vote, would you vote to regard these as terrorist organizations? >> well, that has a certain designation. we save that for truly terrorist organizations in the world. certainly, they are consequential to questions of national security. i am more interested in doing something that ultimately seeks to destroy the cartels than to just name them. you name them a foreign terrorist organization and that in and of itself means nothing. you ultimately go after their leadership, you jail them and you ultimately go after their money and you dry it up and you ultimately go after those supposedly enforcing the law and now you have a real consequence. >> you have been critical of the new changes in border policies that secretary mayorkas has done

at dhs. what's your alternative and what is your level of confidence in secretary mayorkas? >> well, this is not about secretary mayorkas. this is about the administration. the best part of the administration's immigration policy over the first two years is that they ended family detention which proved to be a failure under both the obama and trump administrations as a way to deter individuals from coming. what we need is a comprehensive plan to deal with the border and what are the elements, the push and pull factors that bring people to this country. we need to have a surge at the border that deals with asylum officers, uses border security, that ultimately can process those who have a legitimate claim for asylum and to deport those who have no legitimate

claim for asylum. we need to find legal pathways so that people don't surge to the border because they are fleeing. because if my situation is i am in a country where staying means where i will certainly die, see my daughter raped or my son into a gang, we need to flee. we need to understand that and deal with it. we need to work with central america and the mexican government to also be a part of the solution and lastly, we need to look at the question of a temporary protective status in a way that ultimately helps us meet the challenges. the three biggest countries, by the way, chuck, coming to the border now are cuba, venezuela and nicaragua. there are dictatorships and people fleeing those dictatorships and when the admin istrattion, and it's a way of what you can do in a way that's

good for the border and preserves our nation as a nation that preserves asylum, but if not, if the administration does go down this path i am afraid that the president will become the asylum denier in chief. >> well, senator menendez, democrat of new jersey, as i said, boy, we had a week and so did you with all of the different things that are on your plate and your responsibilities. i appreciate the time. thanks for sharing your perspective. >> thank you. when we come back, donald trump is facing the possibility of running for president while being charged with multiple crimes. will it even matter? is there a gop hi, i'm john and i'm from dallas, texas. my wife's name is joy. we've been married 45 years. i'm taking a two-year business course. i've been studying a lot. i've been producing and directing for over 50 years. it's a very detailed thing and the pressure's all on me. i noticed i really wasn't quite as sharp as i was. my boss told me about prevagen

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insurrection with criticizing tucker carlson for falsely portraying the attack as peaceful and many defended the broadcast calling it a must watch. >> i don't take any part in whitewashing january 6th. it wasn't a troll through the capitol. >> it's awful what some people are willing to do to get eyeballs and get extra money. >> i think it's bull -- [ bleep ]. >> the front-runners for the republican nomination are kicking off their campaign, ron desantis who is not an official candidate and donald trump with the possible indictment looming in new york perhaps as early as this month appears there tomorrow night. >> our country has become the investigation capital of the world. actually, that's all we do. >> the one thing i can say if you talk to floridians, there's no drama in our administration. there's no palace intrigue. they sit back and say what's the governor going to do next?

and we roll out and we execute. >> joining me is kevin cramer of north dakota and also a member of the senate banking committee and welcome back to "meet the press." >> great to be with you, thank you. >> as i said to senator menendez, we thank you for joining us during this collapse, and what have you learned over the last 48 hours? what do you expect to happen tomorrow morning? >> yeah. well, first of all, when you hear from steve liesman, you almost don't need to ask anybody else because he is the guy in the know and the smart thinker and all these things and i probably call him for advice, and i actually think he covered it very well, and my sense of it, chuck, my sense is that it is a fairly localized issue. the problem is that we live in a very emotional time where markets are emotional and the reference to -- to social media as being an accelerator, if you will, of some of that emotion. i think can be problematic, but i hope that with the weekend

came some calm and certainly some strategy, as well. >> yeah. >> but there are so many unique things about silicon valley that aren't necessarily applicable systemically. so my hope is that it is very localized and we can address it that way. >> in 2015 you were in the house and a co-sponsor and part of a repeal of dodd-frank that loosening regulations on banks and there are some are pointing to those to help banks from putting themselves in these position. do you think the smaller banks need more regulation or less? >> yeah, i don't -- they certainly don't need any more regulation. that doesn't mean you can be mismanaged. we have it throw in the obvious and you talked about it in the first segment and we have seen a rather sharp increase in interest rates which have put some smaller banks at odds with their own balance sheet. now, of course, we have a

federal reserve trying to change its balance sheet at the same time and perhaps we need to do a little more review of all of that, but i don't think smaller banks need more oversight and more regulation. maybe better oversight, but certainly not regulation. >> with all of this volatility right now, is this the time to have a debt ceiling fight? >> no, it's a great point. we are living in a pretty much a debt crisis right now and it's not just about america's -- the government's debt ceiling, but many individuals have hit their own ceiling and their savings accounts are being drained and we have kind of a crisis, if you will on our hands that requires lots of things and we don't need to have a fight on the debt ceiling and this is why i think it's fooling for the president to say i'm not going to negotiate on the debt ceiling -- >> isn't it though? ? isn't it better to worry about the debt ceiling and not worry about the debt ceiling and put

out a budget. >> the old-fashioned way is it's been eluding us for a decade. i've been in for a decade and i've never seen the orders. i agree with you, we need to get back to that and i think the debt ceiling situation is one of the opportunities to demand that we all get together and work with one another. >> let me turn to a couple of political issues. do you think the former president -- you were an early supporter of the former president. you haven't endorsed him yet for 2024. you said you would like to see somebody like him and you haven't ruled out endorsing him and if he's indicted, regardless of whether it's manhattan, atlanta or washington, do you think it's healthy for the party for him to keep running or do you think he should step aside. >> first of all, donald trump won't take advice from the party or me. if he's indicted that becomes one of the factors on whether he wins primaries or not. the other factor is who else is

in the race and who can make the best case? obviously, you've highlighted governor desantis who has certainly earned the right to be at the head of the class not just through his political rhetoric, but through his successful governing of a very large state, and i think, you know, you've seen him out on the stump more can doing the things that potential presidential candidates do, and i think we'll help that debate along, and the challenge becomes if there are too many people in the race and there are other good ones and mike pence and mike pompeo and my friend rick scott would be good candidates who understand the trump doctrine who have a demeanor that's more suitable to the swing voter and at the end of the day what's most important for primary voters to think about is not just who they love the most, but who can win for the country and who can win for the party because we're in desperate need of new leadership. >> so you think electability should matter more than it does? >> it should matter for a

primary. there's no glory in losing spectacularly than losing humbly. i would rather see a humble victory. >> there were two different reactions to what we saw this week. tucker carlson said on his air about january 6th that a small percentage of them are hooligans and they committed vandalism and the overwholewomaning majority weren't. they were meek and sightseers. and mike pence at the gridiron dinner. make no mistake about it. what happened that day was a disgrace and it mocks decency to portray it any other way? where do you come down? on tucker carlson's side or mike pence's side? >> both sides can be right rhetorically, a four-hour stroll through the capitol marred by a half hour of rioting doesn't make it a peaceful protest. there's not a single person who is completely innocent of

wrongdoing, but not anyone that is at the level of crime. 518, by the way, have confessed to committing crimes that day and 420 have been prosecuting and sentenced so clearly, it wasn't a peaceful protest. that wasn't that the vast majority didn't have regret or didn't understand the severity of what other people are doing and i do think it's unfair to put them all in the same bucket and i've never felt that a democracy is actually in trouble. we survived a civil war and we will survive this, as well. what frustrates me as much as anything, chuck, is that we're talking about it again and here we have the january 6th commission wrap up its work and mostly people not caring or paying attention. it was very partisan, to say the least, and here we were moving forward and we should be talking about the southern border and china and the challenge it possesses and talking about inflation and a budget that drives up deficits forever and

those are winning arguments for republicans, not re-litigating january 6, 2020 or 2021. >> you've been on a guest on fox news and thz given you pause about how they conduct themselves with you? >> i don't confuse my job at fox news least of all the entertainers at prime time. i don't confuse tucker carlson with brett baer or daniel perino or the msnbc personalities with what you do sunday mornings. i think there is too much entertainment and what i do regret probably as much as anything about the release of 41,000 hours is that it was released to one person in prime time who is rather sensational in his approach and rather than just releasing it to everybody. i think transparency absolutely is the best way to go, and kevin mccarthy is right to do it. i just wish he had released it to everybody at the same time.

>> neutral transparency, that's how he would have done it. >> senator kramer from north dakota, i appreciate you coming on and sharing your perspective with us. >> always my pleasure. >> thank you. when we come back, donald trump's biggest rival is meeting with voters in iowa. can he steal the spotlight from trump? >> you can't just say let it go because then we're going to be because then we're going to be living under an oppressive in a world, where dry eye symptoms... keep... coming... back... inflammation in the eye might be to blame. feel the ache and burn! one man learns the truth... over-the-counter eye drops typically work by lubricating your eyes. they may provide temporary relief... but probably won't touch me! mwahaha! tell me there's another way... there's hope for lasting relief with xiidra! xiidra works differently targeting inflammation that can cause dry eye disease. xiidra, nooo! xiidra treats the signs and symptoms of dry eye disease. don't use if allergic to xiidra. common side effects include eye irritation, discomfort or blurred vision when applied, and unusual taste sensation.

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welcome back panels here, mariana soto ma i don't remember, jonathan martin, brendan buck, and maria teresa kumar. look, i want to get into iowa and the presidential stuff however, i want to start very quickly with banking crisis. maria teresa, you were saying you were surprised you haven't seen power yelling out more forcefully already. >> if you look at which space this is, this is a silicon valley bank. this is a start-up bank. this is also the democratic atm bank so the fact that you don't have someone actually talking from the administration and being so forceful, i do think that what

we're going to see are republicans saying, oh, you shouldn't bail this one out. i think it's going to be along political lines. >> what have you heard, mariana. are people wondering why the administration isn't -- because they've been -- and i get it the other argument is you don't want to come out too forcefully because it might create a new panic. >> a lot of lawmakers i know have been briefed on this but they're still trying to get together all the facts what should we do? how should we position ourselves? i think leaders are starting to get online about this. there hasn't been anything concrete yet as to even reactions really from a number of lawmakers, which is significant, right i think they are not only just trying to understand what to say but the issue at hand. >> i think they're all just hoping that a big bank takes this bank over and takes all of this off of their hands because i know nobody wants to vote for a bailout. we got a des moines register poll what was interesting to me was how everybody looked at it through the prism of what they

want to have happen, right trump's numbers here, you can look at it one way and say trump doesn't look as strong as he used to. in june 2021, his number was a lot bigger than it is now. but when you look at his net favorable rating, you say it's dropped from september 2021 in iowa it's down from plus 84 to plus 62 when you put it in a ranking with other candidates tested in this poll, trump is plus 62 just below desantis those aren't weak numbers to me. they're just not as strong as they used to be. >> he's somebody who would win out there, but he wouldn't win by 30. he'd win by 15 in a divided race that's the key of course, right? the numbers that weren't tested in that poll, i think all of us want to see is what's the head to head trumps have desantis, especially if it's just those two or at least a group of four or five. i think that's going to be the more revealing number. for a race that seems to revolve around donald trump, i actually think the next six months are going to be more about desantis.

here's why if he can prove his mettle -- and it's clear he is the alternative to trump -- we're going to know that i think if that's the case, this race gets a lot more clear it's more of a head-to-head race if he can't take a punch and throw a punch in the republican primary, not against the left, not against the media, but in his own party, it's going to be a more complicated race. ron desantis is clearly the alternative. the argument for anybody other than ron desantis is pretty thin at this point. he is very untested, and there is something that i think every successful candidate for the presidency in recent years has had. it's called charisma we don't know if ron desantis is able to connect with people yet. he's obviously able to animate the republican base. but people want to see whether you have the emotional appeal of joe biden, barack obama, george w. bush, bill clinton. everybody had it, and it's unclear if he does when donald trump comes swinging at you, you're going to have to

respond. >> he doesn't pass the beer test, desantis he just didn't george w. bush, people used to make fun of that, but to some people, that matters >> it's also about likability. that's what we're getting it oftentimes people say that desantis is a strong opponent to the democrats because he is where woke goes to die. >> mm-hmm. >> and the challenge that he doesn't realize is that woke is what got americans aca woke is what basically wants to make sure that people have gay marriage woke is what gives women agency over their bodies. that is actually juxtaposed to what the majority of americans actually want. >> sounds like you think democrats should retake woke, fight for it rather than sort of ignore the attack. >> corporations actually want woke, right? they don't want a desantis regulating what they can and can't say. look at what's happening with

disney right now this is an opportunity not only to reclaim it but recognize it is actually their strength it is what got joe biden to the white house because it animated not just women, but it animated a whole generation of young people. >> this woke issue, mariana, it's the only thing that keeps republicans united, whatever it means. >> exactly you ask them what does woke mean, and they really can't give you a firm answer just because what does woke mean, right i think the interesting thing about desantis is, yes, he's been able to do all these things in florida, but the closest lesson is the midterms where we saw in michigan, in pennsylvania, key swing states, a lot of republicans are republicans who went independent or even moderate republicans saying, i don't want trump i don't want someone who's acting like trump. i just completely reject this extremism, which to your point, democrats are totally looking forward to have that debate and frame both of them. >> that's the question i don't know if desantis is going to be talking to swing voters here's one of the things he said in vegas yesterday take a listen to this. >> we're also the first state in the country to establish every

november 10th, the day in our schools is earmarked to teach our students at all grade levels about the evils of communist regimes throughout history we're going to tell the truth about marxism and leninism >> jonathan, it's sort of like, look, being a floridian, i sort of know what he's trying to play there. but i would tell him, i went to florida public schools we were taught this. it was called history. it just seems a weird politicizing he's going out of his way to politicize something. >> but, chuck, you said it, right? donald trump is to democrats what wokeism is to the gop it is the singular, cohesive, unifying force, okay the backlash to the perceived excess of the left is what galvanizes the gop right now it's not any policy agenda it's that. so of course he's playing into that i was talking to voters and donors alike about desantis. they want him to be the guy.

they're almost grading him on a curve because they so want this to work. they almost want to will this to be the real deal against trump, and that helps him because even if he goes to iowa and he's not great on the rope line, they still want it to happen, right >> brendan, i am curious there was a cocoon of protectors around obama when hillary clinton attacked him in '08. will there be a cocoon of protectors if trump comes out. >> he is the one person when donald trump swings at him, people are like, whoa, whoa, whoa if you hit ron desantis, we don't hit other republicans. it's like, since when? that speaks to something people are rooting for him, whether that is ultimately a good thing or a bad thing for him. >> real fast, watch for a group of hard-liners in the house to come out for desantis and give him someinsulation on the righ to protect against trump. >> i would say the only republican voter that really matters on desantis and trump is rupert murdoch, and you actually see fox news pivoting to

desantis. >> they've tried it before we'll see if they can pull it off. up next, what's the over/under as march madness approaches, we're going to look at how much money is at stake for the growing sports betting market in this country and how it's starting to become a real vemendg ur f ste gornnt undetectable,o are cabenuva is the only complete, long-acting hiv treatment you can get every other month. cabenuva helps keep me undetectable. it's two injections, given by my healthcare provider, every other month. it's one less thing to think about while traveling. hiv pills aren't on my mind. a quick change in my plans is no big deal. don't receive cabenuva if you're allergic to its ingredients or taking certain medicines, which may interact with cabenuva. serious side effects include allergic reactions post-injection reactions, liver problems, and depression. if you have a rash and other allergic reaction symptoms, stop cabenuva and get medical help right away. tell your doctor if you have liver problems or mental health concerns, and if you are pregnant, breastfeeding, or considering pregnancy.

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♪♪ ♪♪ welcome back data download time today is selection sunday when the ncaa names the 68 teams it's going to play in the upcoming college basketball tournament. but what you may not realize these days is when you throw a couple of bucks into your office bracket pool, you're contributing to what has now become a multi-billion dollar industry thanks in part to the growing number of states that have made sports betting legal it has been transformational over the last few years. already just on this ncaa tournament, the expectation is $10 billion is going to be wagered just on march madness. 52% of folks will be making some form of an online wager now. and by the way, for the first time it looks like this year, legal revenue from gambling, $6 billion, is going to outnumber the illegal revenue from gambling.

why? because since 2018, when the supreme court said states could have sports gambling, 36 states have legalized it lready, and it is all over the country it is red. it is blue if you look at it there's been no political trend, if you will. the states that don't have legalized betting yet, just about all of them are going to try to get it. maybe utah and hawaii might be the only two states over the next decade that don't actually make a serious attempt at it and if you want to look at how states have already benefited, check this out for the first time in 2022, state tax revenue from sports gambling crossed the billion-dollar threshold now, the real question for state lawmakers, is this going to be revenue that they add to improve schools and roads, or is it revenue that they use to replace -- in order to replace revenue, and it doesn't really help the state in the long run we'll find out sports gambling has led to gambling on other issues the oscars can be something you

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welcome back this week, mariana, we have this border debate about immigration, and then americans get killed literally a mile over the border and it's one of those things, i had talked with a senior national security official a few weeks ago who said northern mexico is perhaps the most -- one of the most dangerous places on the globe right now no different than a syria, and that there is parts of mexico that are not governed by the mexican government what do we do as america >> i mean that is the question i'll be honest i haven't heard republicans or democrats necessarily on capitol hill talk about this specific issue. >> mm-hmm. >> and a big reason why, i mean honestly, any house democrat, house republican, senate, they will say just tackling the border and immigration generally is probably the most politically toxic issue for each party.

>> nobody wants to -- >> nobody wants it you do have this new generation of latino republicans who genuinely want to do something, who are calling out their party say, i'm living thisevery day. i represent the border we need to do something about it but people -- i mean we've all lived through immigration attempts, how they've gotten so close. and obviously this is a different scenario, but i don't necessarily think it's going to add that much pressure on congress to act and do something about it. >> it's a separate issue, but it is linked, maria teresa. >> this is what's wild i think we sat at this table almost ten years ago when we were talking about the gang of eight. it is the ten-year anniversary of this domestic policy issue of what to do with the 11 million people here who are undocumented and we allowed it to be conflated with what's happening on the southern border it's time for the administration to recognize that we have two issues we have 11 million undocumented who are married and who have lived in mixed status households, who will vote on this issue

but then you also have what's happening at the border, which is a western hemispheric issue it is time to start paying attention to latin america you know who's paying attention to latin america russia and china russia has invested and has military in -- so the more that we look over the atlantic on what's happening over in ukraine, we actually say what is our domestic policy and international democracy-building here at home >> and the other complicating factor, brendan, is even if you want to get tough on the cartels, if the mexican government doesn't want to get tough on the cartels, there's not much you can do. there's been not much said because you can do the finger pointing game. >> it's a political problem. it's also a real policy problem that's not easy to solve we've long sort of held off on seriously addressing either one of these issues, hoping there

would be some kind of grand bargain. i think we need to realize that's not in the offing anytime soon i think democrats have been a little behind the curve on this politically for a long time. this is an issue that sets independents on fire we know it sets republicans on fire, and they just seem to have a blind spot the border is a serious issue. it's only getting worse, and i think joe biden is probably recognizing it now but the problem is so bad, it may not be easy to solve. >> by the way, bob menendez called him -- >> that was tough. >> what did you think of that? >> that was tough because he was dangliing what obama said, that he was a deporter in chief. >> isn't that the -- >> but i do think that the administration recognizes the vulnerability of latin america it's one of the reasons why kamala harris -- the vice president has invested close to $3.5 billion but the most important part is we have to divorce these two issues because what we're finding in our polling is that

among young latinos who are 35% of the voter base, it's a top-three issue, immigration is. >> immigration and they've separated it from the border. >> absolutely. >> it's two different things. >> the senate tomorrow, you can probably find 60-plus votes for a fairly comprehensive bill addressing immigration the problem is kevin mccarthy is never going to bring up any immigration compromise bill because effectively he would be turning over his speakership. >> we all know what would happen in the republican primary, so there is something there we're going to pause it there. before we go, my colleague lester holt is going to be sitting down with the new prime minister of the uk, rishi sunak. it's his first american network interview. get to know the new british prime minister by tuning in monday on "nightly news" news with lester. we'll be back next week because if it's sunday, it's "meet the press.

microclimate weather. >> good morning, everyone, i am scott mcgrew. we continue to monitor the situation at silicon valley bank. it will open as a new bank under supervision of state and federal banking regulators. it is the place for so many high-tech startups deposit massive checks. the question and answer tomorrow , will those startups have access to their money? financial filings show the banks has more money than deposited. logically, everyone should be made whole, the fdic only guarantees accounts up