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as infuriating from hearing from mayorkas, yellen testifies yes, they get to decide which banks get bailouts and don't. she misleads to debt spending social security some more, joining us congressman tim. brian kilmeade. and steve moore, former deputy national security adviser kt mc mcfarland. "new york post" miranda divine. and erica sand see. we have reaction, to the video of the moment russia took down a u.s. drone. and this uranium for nuclear bombing goes missing in libya from white house's bizarre response to house oversight revealing the name of mystery biden family member who got cash from their deals with china. >> protests advice president harris a late night tv appearance, critics slam biden officials.

>> on television, when there are no shows at border or east palestine, ohio, teachers union outrage, texas took over houston's public schools. i'm elizabeth macdonald, "the evening edit" starts right now. elizabeth: welcome, stocks rallying after nearly a dozen u.s. banks lead by jpmorgan chase, citigroup, bank of america said they will step in and rescue first republic bank, for 30 billion in unensured deposits to avoid a fourth u.s. bank failure in a week, credit suisse shares are up after swiss central bank stepped in with a lifeline. treasury secretary yellen facing a backlash after her

senate testimony today, edward lawrence is live at the white house with more. reporter: what a day, talk about the first republic bank, this is an industry bailout, 11 of largest banks in the nation got together, you mentioned some of them, they put in 5 billion each to deposit in first republic, other large financial institutions depositing making total of 30 billion to stabilize the bank, government making depositor's whole for silicon valley bank and signature bank, senator langford wanted to know if all community banks would have the deposits covered or just special for the small banks in california and new york. >> i can reassure members of the committee our bark -- banking system is sound and americans can feel confident their deposits will be there

when they need them. reporter: in an exchange with senator l langford he asked if they will be bailing out chinese money. >> will my banks in oklahoma may a assessment to be able to make chinese investors whole from silicon valley bank? >> uninsured investors will be made whole in that bank. i suppose that could include foreign depositors, but i don't belief there is any legal base to dis discriminate. >> i get it, my community banks will pay this additional fee. reporter: secretary making point that it would be worse to let the entire community bank system go into a failure, she stalke -- talked about president's basketthink about

and his tax increases. number one priority for president is till still bringing down inflation. elizabeth: thank you. >> joining us from house financial services tim burchet, and to you financial man, treasury secretary yellen said they get to decide who gets the white house new backstop to the uninsured deposits, is this not jumping the shark. >> very much show, this is bailoutish from the white house a spin on what they are doing, ern knows it will cost the taxpayer, the banks are in, to make money, they will pass it on the investors, and it will hit us all. elizabeth: so you know douglas, the community banks would not have all failed, white house is playing with fire. even fdr said no bank

deposit insurance, he said it encourages bad behavior, saying that bankers will gamble more with depositor money. to get more bonuses. >> uninsured deposits are known as market discipline, we need that. this was an extraordinary present to set to guarantee 100% of the deposits, she tried to pull it back a little bit, saying we'll do that if it is a systematically important financial institution, they declared silicon valley bank just so they could guarantee the deposit. they could declare that for anyone they want, there is no program, soa no set of criteria, they have gone way over the line with the response. elizabeth: every american, every voter, needs to stand up and say no, this is

outrageous. what they are talking about. we cannot jump the shark with this this is wrong. let's watch more about how g.o.p. senators got angry with the treasury secretary about -- watch how they pick and choose who gets bank bailout by fiat, ad hoc, on the fly. and watch her misled on debt spending and social security reform. >> every bank, every community bank in oklahoma regardless of size of the deposit will they get same treatment that svb just got. or signature bank? >> bank only gets that treatment if a majority of the fdic board, super majority is super majority of the fed board, and i in determine that failure tont protect the uninsured

depositers would create systsystemic risk and significant consequences. >> those are top 3 causes of inflation. deficit spending, high energy costs, and supply dislocations? >> i don't believe that deficit spending is one of the main causes. >> you don't? >> why doesn't the president care. >> he cares very deeply. >> then wher where is his plan. >> he stands ready work -- >> that is a lie when a bipartisan group of senators has requested to meet with him about social, so that someone who is a current beneficiary will not see her benefits cut by 24%, we have not heard anything on our request. >> what do you think? >> i think it is where white house is not telling the truth again, this is as extension of a generation of everyone getting a trophy, you mess up, they make risky

loans, now everyone else is expected to pay it back. it is evident who silicon valley, who candidate they back, they don't back conservatives from tennessee, i can tell that, they back people in the white house. elizabeth: it sounded like picking and choosing who getting a bailout. >> it did. and she repeated, the concern, which is we get to decide who systematically important in the moment and they get 100% guarantee, that is not telling depositors, here are the rules, do you want to be in bank or not, you can't run a banking system with rules made up after the fact. elizabeth: is there not a way out of this barge barging crises that is similar -- banking crisis similar to s&l crisis of 80s, should they not go to bank balance sheets and stop

the bad practices and stop the government's push in the economy. we should be unleashing u.s. manufacture and businesses to get more people working to fix inflation. >> right when washington gets in the way, and we don't reward, bad behavior, that is what the white house is doing, they have a habit of doing this we'll continue to see it out of control inflation and continue to see things like this happen. >> douglas, final word. >> there was no systemic risk. the big banks the first republic and silicon valley bank have the same customers, start up tech companies. start up tech sector is in terrible shape, they are paying for their misjudgment in business model and poor handling of their risk that is life in a capital society those who can't handle the risk, go away we get better actors. elizabeth: break it up and

sell it off, that is it congressman and douglas thank you. elizabeth: look who is back with us. fired up. former economy adviser to president trump, steve moore, we saw -- good to see you, janet yellen saying they pick and choose by fiat, at at -- ad hoc on the fly. who gets to have their bank uninsured deposits backstopped by u.s. government. steve, can we jump this shark? >> you know, sounds like just crony capitalism, you know you contribute money to one of political parties, and you support their candidates you get the bailouts, this is -- this is what a third world banana republic does, you make up the rules as you go along. elizabeth: steve, we don't go there. this is the most incompetent white house on banking that

we've seen, it is unfortunate to see treasury secretary yellen sound as infuriating as homeland security chief mayorkas, and she just cops the party line in the white house, she used to the be more of an independent thinker. >> i have to tell you, people in washington, d.c., live in a bubble, they don't understand this. i have been talking to people around country in last week, they are infuriated by the fact that you make up the rules as they go along. is it ironic, last week joe biden was pounding his fist on table saying we'll make the rich fat cats pay their fair share. now the same people he was -- five -- with higher taxes he is giving a bailout to, which is it. this system is rigged to the people who do business in washington, you have too many politicians that are bought and paid for. this is opposite of what and

i believe in. which is free market capitalism. elizabeth: you know, this is a new form of rules for the e and not for me. >>oy bigger scale, when you look at when they are bailing out. we have been fo going through financials at silicon valley bank and signature bank, threw their web sites. i am reading you to how weird and wokey they were, i don't care what anyone says, i don't care. we go into the data. we go into the financials we see what they were doing, this is about how they took their eye off the ball, they did not watch what was going on in their balance sheet. they got distractions by stuff like this, checking empty boxing to score moral vanity points. it is this signature bank held know your pronouns

seminar. know your gender pronouns, silicon valley bank with big esg governance program and integrated to the, strategy, now they get a svb a fullback stop of their uninsured deposits, do they get it in dc media world how dangerous this is, you let bankers role the dice with everyone's money, they get big bonuses and another crack up. >> you summarize it well. then you look at signature bank, i am sure you have seen the crazy video they spent -- how much they care about minorities and environment. here, by the way, i don't know if you watched to show the office, i first saw it, i thought it was a prank it is real, that is how crazy things worry this wokeness. i want to make your viewers know, i'm not saying that woke policies caused these

crises in the banks, i'm saying too membership of these banks are take -- many banks are taking their eye off the ball of making money for their investors. elizabeth: nobody cares about pronouns, to what you said it is about taking our eye off will ball, have been covering banking crisis since 80s, i testified twice before congress, some of my coverage put people in jail, i cover the irs for decades, you see black rock ceo larry fink, even black rock larry, ceo in his shareholder letter, does not once mention esg, he took it out. he does not use that term for environmental social and governance investing, now the white house says we want to politicize everyone's 401(k) for climate change, the fact he says we're not going to be market police for climate change, any more is a sea-change over what is

going on at black rock. >> well, that is good news, problem is that one that you mentioned. the president of united states right now as we speak, has a bill in -- -- on his bask passed by congress, saying you can't use esg with people's pension funds, you violating your fiduciary duty it looks like joe biden will veto that bill that is putting politics ahead of people's paychecks. elizabeth: stop bending the rules and stop politicizing everything under the sun, the viewer does not like it the voter will not like it, steve moore thank you for joining us. >> thank you, liz. elizabeth: we have this story coming up, white house furious and bizarre response to house oversight revealing name of mystery biden family member who got cash from their deals with china. >> and former deputy national security adviser kt mcfarland on white house's

new geopolitical problems, including pentagon look at at this releasing that video of the moment that russia took down the u.s. drone over the black sea, coming up next on "the evening edit." >> ♪ ♪ ♪ ♪ been a take two and call in the morning guy. but my new doctor recommended salonpas. without another pill upsetting my stomach, i get powerful, effective and safe relief. salonpas. it's good medicine. ♪ what will you do? will you make something better? create something new? our dell technologies advisors can provide you with the tools and expertise you need to bring out the innovator in you. ♪ well, the stock is bubbling in the pot ♪ ♪ just till they taste what we've got ♪ [ tires squeal, crash ]

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plan. elizabeth: update on new report out of cnn,tons of nuclear uranium material that went missing in libya. larry: new concerns from libya, a fear rogue elements could be getting their hand on radio active material. iaea announcing 2 1/2 tons of uranium had gone missing enough to make half of an atomic bomb, left over from gadhafi, in 2003 he announced he was giving up effort to build a bomb. he dragged his feet, was ousted in 2011, and stock piles of raw uranium remain. chaos in libya the fate of

this material is a concern, the u.n. has tried to keep tabs on it including a warehouse in southern part of country, latest development one of ruling libyan authorities claims too have found the missing barrels about 3 miles from the site looted from location. the folks who did it assume they were making off with more standard w kind of weapon, they perhaps ditched it after realizing they got more than they bargained for. iaea said they are trying to viewer verify the reports and keep a better eye on the material. elizabeth: greg palkot thank you. >> welcome back to show. kt mcfarland under former president trump what is your reaction to that report? >> well, it is bad they thought they lost it. probably good they found it the bigger point is that you know there is a lot of

fissile material floating around the world in particular the middle east, and other countries in region decide they need luke nuclear weapons are we become a very mucher more dangerous place. we're talking about probably russia newsing nuclear weapons and what about united states you think about middle east that is one of the most unstable parts of the world where people should not be playing with matches, if we are talking about nuclear weapons and talking about fissile material and enriched uain uranium in broad middle east that is a scary place as time goes on. elizabeth: moving to it. is ukraine going to win against russia? is what we're doing helping? we're showing video from the moment that russia air jet took out a u.s. drone over the back sea, white house said we cannot recover it,

and ukraine shot down an armed drone that china made that russia was using in ukraine, china is now sending rifles and body armor to russia, what do you make of this? >> the war escalating. -- you saw over the black sea which is international waters. the idea that there success be a mistake or an accident or delib. this war is escalating so far in united states, what on our national debate? on one hand unless you are willing to give ukraine everything at once. even perhaps american military, unless you are willing to do, that you are willing to let putin win, and then others say, we don't want to escalate to there but a measures response a contribution, nobody can explain when they want. how is this war supposed to end, what does victory look

like, does putin run back to moscow? that is not happening, or unconditional v on the part of ukraine, they are crummy options, say find that third option, the way reagan won cold war, we didn't win it on the battlefield but economy likely bankrupting the soviet y union, we could do that with russia. increase american energy production it is good for our economy we are energy independent and dominant. american energy companies set the price of the international price of oil and natural gas, russia needs about of 80 a barrel that how is to stop it. elizabeth: when oil went to 10 dollars, dictators fell. your reaction to head of u.s. space force. general s -- man, he

testified that they have a blitz of satellite. >> spectrum of threat to u.s. scape capabilities include cyber warfare activities, directed energy lasers to blind or damage satellite sensors, ground orbit missiles to space to space engage the system that attack u.s. satellites in space, i can see inter fearing with and blinding and gray area attacks on our capabilities. elizabeth: he said beijing and moscow are ramping up ccapability to knock out u.s. satellites, you heard that what was your reaction? >> i wasn't surprised. but i'm terrified. china has engaged in military build up, they are having a technology build up.

when have we been doing fighting in the forever wars, we've been letting china develop hypersonic weapons, we don't have defense against, that we getter get serious about retaining technology edge, without it we are not well matched against the super power on the rise. elizabeth: kt, great to have our insights, we have to see you soon. >> thank you. elizabeth: we saw protests and footage advice president kamala harris' late night tv appearance that is coming up. >> critics slam the white house, officials going to television, but they are no-shows at the places that americans need home most. them . >> miranda divine in "new york post" will join us, white house with a bizarre response to house oversight revealing mystery name of biden family exh member

who got cash from their deals in china on "the evening edit" coming up.

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elizabeth: look who is back "new york post" columnist, miranda divine. we really wanted you to the show for this story. house oversight says bank suspicious activity reports filed with the u.s. treasury reveal bo biden's widow got a cut from hunter biden business deals with china for what? >> well, that is what we don't know. but, what we do know is that is part of one million dollar payment that came from the chinese energy company through a guy called rob walker, a biden family associate. a business partner of hunter, with a 3 million dollar, one wire of several. and that came in and he then dispersed it in little

amounts to various virus biden family member, they found 4 biden family members were paid. in this period. and halle biden appears to be on the suspicious activity report, bank account and there is also hunter biden, his uncle jim, joe biden's brother, and another unnamed biden, who got i think 100 thousand, maybe more. but certainly there was one transaction just as one of 35 thousand that we saw on that statement that oversight committee put out today for halle biden. as the oversight committee said in the statement, halle biden is a primary schoolteacher, why would she be paid by the chinese, why was this money siphoned through a friend a business

associate, rob walker in arkansas. why didn't it just go straight to the companies that belong to the bidens if it were up front. why did it hapless than two months after joe biden was no longer in public office, he stopped being vice president for, t okays they have been doing with the company for two years. >> that is the chinese energy con conglomerate now defunct. there is a lot of questions over why the biden family was doing deals with them over that. you know, things like, that but you know bizarre white house response, that house g.o.p.imen wanted to prosecute bo biden that neff happened,ed by op family was using a web of a dozen bank accounts and off balance sheet shell companies, to bury the millions of dollar from china and elsewhere in to

their bank accounts to quote pay for things for joe biden. that the money report toward the president. when he keeps denying this this is what house oversight shchair comer says they have evidence. >> the white house will come up with something better, it is pa threati -- pathetic to say that the oversight committee is attacking it is not attacking it is about proper oversight, and why is china funneling money to the immediate family members of then vice president or just recent vice president now president. what was the money for? and you know i think as james comer said, if there is nothing criminal, there is nothing corrupt. -- there is something corrupt. the congress will have to enact new rules, because, the disclosure act does not require that immediate family members come you know

tell the american people, how much money they are getting. this is just a absolute invitation to overseas corrupt country overseas to kruncorrupt our top officials. elizabeth: new it involves the uae in middle east sending money with james biden. >> yes, he was involved, he also as hunter biden is, being investigated by the doj in a several probe from hunter's delaware one it has something to do with companies he was involved with a lot of fly-by-night operations as a front money. elizabeth: miranda devene thank you so much. >> thank you.. elizabeth: teachers union outraged after texas takeovers houston's public

schools, one of the largest school district in nation. >> and fox news brian kilmeade on protests of vice president kamala harris' late night tv appearance, and critics slam white house officials, going to tv when they are no-shows where american needs them like the border or east palestine, ohio. all that coming up in "the evening edit." takes over? (woman) what if all i do isn't enough? or what if i can do diabetes differently? (avo) now you can with once-weekly mounjaro. mounjaro helps your body regulate blood sugar, and mounjaro can help decrease how much food you eat. 3 out of 4 people reached an a1c of less than 7%. plus people taking mounjaro lost up to 25 pounds. mounjaro is not for people with type 1 diabetes or children. don't take mounjaro, if you're allergic to it,

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elizabeth: we're excited host of fox news terrific. show the nation, he is brian kilmeade, and author of the fantastic bestseller, i can't put it down, president and the freedom fighter, i urge to buy the book. look who is here, brian kilmeade. >> thank you. elizabeth: so, vice president went on st stephen colbert, people showed up outside to heckle her, they are going on tv but not where america needs them. >> that is a great point,

you asked me to come on said that was the angle. here is why. we're used to a president showing up of where, have had president trump show up on air force one wherever he needed, he would tell his press secretary to go home, and as opposed to president biden we want toed to salute for getting up at 9:00 in the morning, came out gives a 5 minute speech and look at media and turns his back and walks away, we're wondering to ourselves, is this a mini 2008? people are concerned about their money, the 250 thousand or bigger and smaller companies, this will beginning of a ripple affect? we saw how market dropped. if you are not -- like george h.w. bush would say i am not creating the economy, everyones that there thing,

obama would show up, he would make the speech, here is the expert, whatever you say about trump during the pandemic, this is what is go on, meet the doctor, same with mike pence, i want to bring my treasury secretary. he has no interest in i doing it, he is in las vegas, for three our four days talking about guns, going to fundraisers, if you don't want to do the job, why did the run for it and why you are asking for another 4 years. >> brian, so, we hear you. east palestine, where is their victim's compensation function, obama set one up for the bp oil spill, but white house, going on tv, this feels like one bad cocktail party after the next in t it was c -- in dc, we would like your reaction to what happened with vice president on stephen colbert.

>> i know you love veep. >> i do. is it accurate. >> there are bitting that are. >> my question, you heard the secretary he said we have operational control, this is the definition of operational control. >> you have sir, up there no. >> we don't have operational control? >> no, sir. >> so, prior administration we 2 a wall that was appropriated and president of united states, president biden by executive order shut to town, do you disagree with that dig s decision to shut it down. >> yes, sir. >> democrats are not here, they decided to not show. >> she is in charge of the border, i'm not saying it is an easy job, but if you are a vice president, do you think that mike pence loved being in charge of the pandemic, do you think that was fun talking to gift goof -- 50 governor fors every day, this is ridiculous, because the republicans have dealt them into things, up

like nancy pelosi who heist out the minority, they are keeping them involved, them not to show up, there is no election, listen to what the problem is by people who wear a uniform and just much about the seal the border, they didn't want to hear, democrats say the wall worked, or technology with it was effective, how much is getting through, and for a get to to silt ther sit there not who he voted for but to tell you what is wrong, vice president had no answer to stephen colbert what asked to describe her job, it should be i'll talk about abortion rights, voting rights, and they put me as czar of the border,. now she is failing in all three, but when asked, she described the president decision making. which is not a great description and stephen colbert in a sp

friendly environment said, youyou didn't answer my question, she brought up the veep, which is a a comedy, i think she is a nice person, i don't think she is one of those people with a mean streak that is masking it, i think, people that knowe her, she is lacking self confidence because of a poor performance she cannot get a sentence out, you made me watch her appearance twice to prepare, she talks in a circle and says 12 sentences when 5 works work, you have to strain to find out who her point is, she did answer, she said, i went to munich. crimes against humanitarian are bad, really, what is, that it took her fo forever to describe. >> remember the movie with roseanne barr she devil,

that is what that white house almost feels like they go around blowing up things and not showing up and walking aircraft. >> i don't know who is in charge, we had a drone, for 50 million dollar shot out of the sky by our number two enemy in the world we have not heard from the president on this vice president could have used that as an opportunity to to tell -- colbert i having to say, i think our country deserves better. elizabeth: brian kilmeade thank you, you have a booker booker on 2. >> a new project, i have one nation coming up saturday 8:00, we'll put together i think a great show. elizabeth: sorry, i lit the cat out. >> how dare you, how dare you. elizabeth: i love your books, you are a good writer,. >> thank you. elizabeth: that was brian kilmeade, and my hot take coming up and parents defending education, erica sandsy. texas takes over houston

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democrats aclu are outraged texas took over houston's nearly 200 thousand student public school district. this is eighth largest in nation, what do you make of this. >> this is the end of a 5 year stalemate and a lot of people have described it district as very disfunctional and some have used word corruption. for example there were problem with school board and management. school board was violating open meetings laws and also found guilty of irregularities in contracts and then management according to people who are familiar with the district, say there was a lot of favoritism-based hires and retaliatory investigations and firings, that is the disdisfunction at d adult level.

and if a school has more than 4 consecutive years of being considered failing. and they did in this case have schools that fit that criteria, so now, finally after a very long drawn out process, the decisions had ban made. elizabeth: you will see more of this? this is one of the largest school takeovers ever. you say in schools have bp failing students for years that is happening in new york, chicago. happening in california as well across the nation. is in something that is going on where local mayors control the also system so hard to take over a public school system like texas did ? >> this is hard to speak about nationally. it depends on state law. pretty recent state law passed 8 years in texas allowed this to happen. other thing houston in addition to having schools that are struggling a lot,

they have schools that are doing very well. you can't speak about the district as a whole as failing, but they did hit this cry criteria that meant state could takeover. i did want to lay out, the commissioner was clear about priorities need to be, i'll read to. it was to improve conditions in the lowest performing schools some of this failing to beat standards for a decade and to fix failures in providing special education services, a big problem in houston. and then last to focus on improving student outcomes and not focus on anything else. he alluded to fact that it seemed there was a lot of add m administrative talk at meetings not focus on student outcomes. >> there is a good thing, erica thank you.

>> hard to say. >> state takeovers generally, have been very unsuccessful. but in texas, they have a high success rate, i would caution people don't speak generically about this each state is different. we hope for the best. elizabeth: that is a great point. thank you so much erica. >> thank you, liz. elizabeth: coming up my hot take next, coming up, don'te move. th i love that i can blast this beautiful smile and make the world smile with me. i would totally say aspen dental changed my life. aspen dental makes new smiles affordable. . .

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♪. liz: here's tonight's hot take. critics going after treasury secretary janet yellen. her senate testimony had one big takeaway. they will decide who to bail out. they bail out the rich and would guarranty uninsured deboss is for silicon valley bank. america has never done that. community bankses with low income depositors, nothing not on their watch. secretary yellen admitted they get to decide on their own ad hoc on the fly which depositors with uninsured deposits get a bailout. that's the issue. you can't jump that shark in this nation. more and more white house officials sound more and more stonewalling infuriating like mayorkas and out of touch reality on the border. white house is on tv. men of time for late-night show appearances glitzy photo-ops, when it matters ops, no shows.

no shows at pal teen, ohio. no shows at the border. where is the east palestine victims compensation fund. obama set one up for the bp oil spill. where is theirs? send emails to emacviewers@fox.com. we read them all. join us tomorrow. forbes media steve forbes, laffer-tengler ceo, nancy tengler. much, much more coming up. we're staying on the hot topics for you. we'll have a jam-packed show. we break news as much as we can. i'm liz mcdonald. you've been watching "the evening edit" on fox business. time for my buddies on "the bottom line" for a great show for you. good to see you guys. dagen: great to see you, emac. ♪. dagen: we have a doozy for you. i'm dagen mcdowell. sean: i'm sean duffy. welcome to "the bottom line." dagen: let's get right to it. sean: breaking late this afternoon, first republic bank gettin