susan li is joining us, luke lloyd, if you could stay there, my friend. san, what are you hearing on this? susan: yeah. so i called around to some of these venture capital the funds, those that have pulled deposits from silicon valley banks or told their start-ups to the start capping the toes kits theo svp, and these are system of the concern some of the most well-run venture capital funds around. tribe capital, i mentioned peter thiel, and white -- [inaudible] gary tan, great leadership there. and they're saying to their start-ups right now because of this unknown that we have in silicon valley bank which, by the way, they say that the bank with 50% of the venture-backed tech and health care companies in america, they're saying because of the unknowns here and their just -- they're just being conservative, take some money out of the bank. so a lot of them are talking about capping their deposits at $250,000. i also read some e-mails that warned some of their start-up founders that even if silicon valley bank kangings a 5% -- bank dangles a 5% interest ra

susan li, thanks for that. now to the capitol hill hearing featuring the treasury secretary of the united states and had a familiar theme. we heard it before during so-called bank stresses that the economic system is sound, that our banking system is fine. chad pergram on how it all went down. chad? >> good afternoon, neil. the goal of janet yellen is to assure the markets that the banking system is sound. she says that's why the fed offered a special program for other banks to meet liquidity needs. >> we wanted to make sure that the problems at silicon valley bank and signature bank didn't undermine confidence in the soundness of banks around the country. we wanted to make sure that there wasn't contagion that could affect other banks and their depositors. >> signature bank also collapsed. it was invested in crypto. executives at first republic bank sold millions in stock before its shares plum melted, this is one of the most significant appearances by a treasury official since the financial collapse of 2008.

susan li and stephen moore join the conversation after this. ♪ nigerian.ot a lot of this from you. the more you learn the more you want to know, and then it just fuels that fire. it filled my soul to be honest. explore your family story at ancestry.com stuart: i want to get back to the bank crisis and susan li has been following it throughout and all through the weekend. what's the latest this monday morning? susan: have you counted how many times the small regional banks have been halted for trading? 14 times. that's what i've count sod far because of the big stock decline and i think it was still trading down 70% and this morning we had a downgrade, raymond james also price target cut at bank of america and that's despite the fact that first republic got a 70 billion back stock for the federal reserve and jp morgan and some are concern that had they're very similar and close and silicon valley bank and they cater and bank to high end influential wealthy and concentrated clients on the west coast. western alliance meantime also down. it was down 80% at th

elizabeth: breaking news from susan li. always great journalism. thanks for joining us.k who's here, former u.s. treasury official michael fall conder and and liz peek. you're the perfect experts for the show tonight. michael, is this just the tip of the iceberg? i've been covering banking crises since the '80s. you can have all the legislation, all the regulations and regulators that you can dream up. massive spending never papers over incompetence. this bank was incompetently run. we've got fed rate hikes to stop inflation because of government spending. will the fed keep raising rates tomorrow. michael, are we at the leading edge of problems here? >> liz, we very well could be because what's hitting these two banks is the rise in interest rates. it's when they had all these deposits come in during the pandemic, they threw the money into long-term bonds, and when inflation took off as a result of excessive spending during the biden administration, interest rates had to rise commensurately, the value of the bonds went way down, and so these banks became insolvent. that'

susan li is here. ith crypto troubled silver bank sub$5 now and warning they may not be able to survive after the ftx collapse in the crypto winter stormer and many partners are fleeing including coin base, galaxy digital and big prostrideers like circle and paxos said they've stopped transacting with silver gate or reviewing them. they're down to two week lows and concerns that silver gate collapsed at crypto pricing and silver gate worth $162 and now trading at $5 and less. big news from amazon in the past hour, stu, we have a news that they're pausing construction on their new headquarters 2 in arlington, virginia, near dc. arlington was chosen in the controversial bidding process when aoc went up against jeff bezos building the hel ipad and tax br breaks in queens, new yok and bezos said we'll go to arlington instead and now laying off 18,000 in their largest round of cuts and amazon said the dc headquarters will be pushed back to 2030 opening and that's a pause if their construction there. also i w

susan li is back. what are you watching now? susan: we are watching the regional bank stocks. do you like that volatility? back down 60% and back up 60% the next day. it's recovery from that $60 billion global wipeout and first republic, western alliance, pac west, key corp. and some smaller regional lenders are rallying up today. no indications of a bank run so far, both first republic, western alliance reporting its business as usual no panic and u.s. government stepping in to guarantee all the deposits at svb now has a lot 06 people thinking on -- of people thinking on wall street there's an implied backstop on all bank deposits. it's a moral has ashed on monday morning -- hazard on monday morning quarterbacking here and they've implied rescue and that's one of the criticisms from one of the richest in america, ken griffin said the u.s. is supposed to be a capitalist economy and it's breaking down before our eyes. he said losses to depositors would is been immaterial and driven home and it would have been essential and the economy is strong because of any collapse and it he

susan li with me starting with at thtesla. susan: the tesla.ill drag you kicking and screaming into the future. stuart: you think? susan: oh, yeah, spacex, amazing rocket launches and electric cars and today the stock is down because you buy on the hype, you sell on the news. this is the typical kind of price action that we've seen heading into these master plans for tesla. we're lucky the biggest drop was january 3 for tesla stock, $50 million in market cap erase. the stock run up 70%, $310 billion heading into investor day. not much on action products and no cheaper $25,000 car, no cyber truck or update but there's a lot of cool futuristic renderings and if we can start with the diner and charging station. isn't this amazing, stu. if the future we could charge electric cars and grabbing a burger downstairs. stuart: that's the future of the electric cars. susan: robots taking over assembly line and more efficient. stuart: didn't exactly work. the stock is down. futuristic. susan: futuristic but the stock is down. ford said that you saw sales j

susan li is back with the movers. start with alibaba and china tech. e this is the tie we're seeing, internet tech stock, some of the best performers on the nasdaq and the s&p 500. look at the alibaba surge after announcing a split into six separate divisions. so the $220 billion china tech giant or really the equivalent of amazon over in china will divide its business into cloud, e-commerce, map, food delivery, logistics and entertainment. each will have their own ceos, and they might even spin out into their own ip oz. in the -- ipos in the future. this is about maximizing value when you separate ott fast growing cloud and really setting a template not just for china tech but also amazon which might, you know, if it sees a big slowdown, they might spin out their profitable, fast growing cloud from their retail business. alibaba at 1-month highs, also by the way, this move from alibaba historical, but indicative that beijing is warming to tech once again becausally baba lost around $600 million in market cap concern $600 billion in the fall of 020 the

. >> john: all right, susan li, thank you.o 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 po

let's bring in david asman and fox business correspondent susan li. the market sold off a lot early on. bounced back. now it's up 163 points. i want to ask you why in just a moment. first of all, this idea that the taxpayer is not on the hook in any way for this. let's play this janet yellen sound bite. >> during the financial crisis, there were investors and owners of systemic large banks that were bailed out and were certainly not looking and the reforms that have been put in place means that we're not going to do that again. >> martha: okay. david, there's no bail-out and no taxpayer dollars. so where is this money that is sweeping in coming from? >> it's the manna from heaven. it appears, this parallels this whole talk of being able to print as much money as you want for as many programs with no consequences. there will be no inflation. janet yellen, she's admitted now that she was wrong. she said there's not going to be greater inflation. there was inflation. whatever inflation would be transitory. it was. . so she's been wrong. this actually is

you know his apology today when he has for months and years, lied about what he did and attempted to blame the women that he abused. susan beatty is an attorney advocating for victims in the dublin prison sex abuse scandal . the only way that the abuse the retaliation is going to stop. the culture is going to change is if we see real systemic change. garcia is one of five officials at the prison to be charged with sex crimes. mike garcia was free to leave but was ordered to self surrender on may 19th when he will begin his sentence. he's agreed to waive his right to an appeal. the case will and he's also said he will pay $15,000 of restitution that will be split between two of his victims reporting live in the newsroom. evan sernoffsky ktvu fox two news, you know, sometimes during sentencing, a judge will have some words. for the defendant. did the judge say anything today ? the judge certainly had some choice words she called the double in prison cesspool and pointed out that she sentenced sentenced hundreds of people to prison and she didn't expect that when they went to serve their sentences, they would be sexually ab

you know his his apology today when he has for months and years, lied about what he did and attempted to blame the women that he abused. susany is an attorney advocating for victims in the dublin prison sex abuse scandal . the only way that the abuse the retaliation is going to stop. the culture is going to change is if we see real systemic change. garcia is one of five officials at the prison to be charged with sex crimes. garcia has agreed to pay $15,000 in restitution. there will be split between two of the victims. the judge ordered him to self surrender to the bureau of prisons. on may 19th in oakland. evan sernoffsky ktvu, fox two news. francisco city leaders on homelessness say they need more time and more money to solve the crisis. the city currently has a goal to spend more than $1.4 billion to get all people off the streets over the next three years and a new report the city's department of homelessness and supportive housing, says it needs an additional billion dollars in funding in order to meet that deadline. several cities supervisors slammed the department's claims. in response , the department director, says

you know his apology today when he has for months and years, lied about what he did and attempted to blame the women that he abused. susantty is an attorney advocating for victims in the dublin prison sex abuse scandal . the only way that the abuse the retaliation is going to stop. the culture is going to change is if we see real systemic change. garcia is one of five officials at the prison to be charged with sex crimes. garcia has agreed to pay $15,000 in restitution. there will be split between two of the victims . the judge ordered him to self surrender to the bureau of prisons on may 19th. in oakland, evan sernoffsky ktvu, fox two news. san jose police are investigating a deadly shooting on the east side of the city. the homicide happened this morning on south jackson avenue , officers say when they arrived on scene, they found one person with life threatening injuries. that victim later died. no word yet on what led up to the shooting back now to our weather coverage. the storm caused some problems for some self driving cars in san francisco. these pictures were posted on twitter. to driverless cruze vehicles drove

susan? after seeing this weekend cpac contest, -- do you sense this is a party that is ready to move? on what liesf cpac in the stroll it is a horrible result for donald trump. i, mean this has been dubbed cpac. this is donald trump's show, and you can only get 62% of his own people. that is not to say is power over the party is there. i read something very interesting in i believe it was political or axios over the weekend. donald trump met with the state republican leadership of no valerie saintly. mar-a-lago. donald trump is playing the campaign strategy all he needs to do is get a 35%. and it is one or take. all he still does have that grip and if the other thing that stuck out to me is listening to governor sununu and nikki haley, they come from two different ideas of what the new generation is. and i am afraid that nikki haley's new generation of leadership, which is a new generation of hate, as you just showed, is where the party currently is. i hope there is room for governor sununu. but as of now, it does not exist. >> i have a minute left. i'm gonna ask you all the same question. startin