Welcome to today's edition of the Clay Travis and Bucks Xton Show Podcast.

Third hour of Clay in Bucks starts right now everybody. Thanks for being here with us.

Clay on vacation in Italy. I believe he's in Roma right now. So our thoughts are with him and

his family as they are eating some delicious pizza, which we of course in this country call pizza.

And yeah, he's having a good time. So we have some updates here on the financial

financial front for you just to keep an eye on all this because the biggest

story in the country and in fact the biggest story in the world right now is the

oh rickety, uh, unsecure, swaying back and forth structure of our banks at this point in time.

All right, it's not looking good. It's not looking like this is going to head into a healthy direction.

I thought it was interesting. Kevin O'Leary of Shark Tank, we played some sound bites from him

yesterday. I know he was on a Sean show last night and Kevin O'Leary had billions of his of

dollars of companies he's involved with in Silicon Valley bank, but to his credit he's like look,

yeah, I got money there. I got money all over the place. A lot of people have been hit by this.

When you're talking about $200 billion of deposits that that covers a broad swath of territory,

I mentioned to you the massive Swiss bank credit suisse, which is pleading now with the Swiss central

bank for support shares of credits we have gone down 30% also moody's in the S&P jumping in

with different cuts to the status downgrades, I should say to the status of bonds of some of these

banks. First Republic bank, for example, now at junk status and the big four banks are in a

difficult spot for right now, not not a perilous spot, but they're their stocks a little bit

down today. I don't want to overstate anything here, but the stocks are the people are worried

obviously. People are concerned. I think what you're really going to have to look for is the

rate hike going up, the fed hiking rates the next time around. If they do that,

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