plus this. and the oscar goes to navowni. that is well deserved as it gets. cnn s documentary on alexei navalny who is in prison in russia took home an oscar last night. the director will join us live to talk about this moment. what it means for alexei navalny, putin s jailed critic. we do begin, though, with the biden administration trying to prevent financial contagion after two banks failed back to back in the last three days. a live look now at the white house, where the president will speak this morning as the federal government takes emergency action. silicon valley bank collapsed on friday, it became the largest u.s. bank failure since the 2008 financial crisis. regulators also shut down signature bank based here in new york. we learned about that late last night. they said signature bank was on the brink of collapse and threatened the broader banking system. so at the direction of the president and the treasury secretary, the fdic is now stepping in. they ar
hello, everyone. collapse and recovery. the white house steps in after two banks collapse. at this hour, families are forced from their homes after a levee breaches and more rain on the way. and also, three women who have not been heard from in more than two weeks. and thank you for joining us, i m kate bolduan. the president is trying to reassure the american people and the financial markets to avoid a full blown financial crisis after the collapse of silicon valley bank. regulators are also abruptly shutting down a bank in new york, signature bank which is on the verge of collapse. that set off a fran ik 48 hours, and the president said this. look, the bottom line is this. americans can rest assured that the banking system is safe. the deposits are safe. much more to this. matt egan, what is next for the two banks? it is shock and awe response from washington, and officials are serious about putting this fire out before it spreads elsewhere. what are they doing? the
of trump s role in the january 6th insurrection. and a new flood emergency in california threatens millions of skorm battered residents as the east coast braces for a powerful storm packing heavy rain, strong winds and possible blizzard conditions. welcome to our viewers in the united states and around the world, i m wolf blitzer. you re in the situation room. tonight, the biden administration is scrambling to respond to two of the biggest bank failures in history creating new peril for the economy and president and a lot of americans are worried right now. here s cnn s chief white house correspondent phil mattingly. the bottom line is this, americans can rest assured that our banks system is safe. reporter: president biden seeking to reassure a nation on edge. reporter: we put in place tough requirements on banks like silicon valley bank and signature bank. reporter: he also placed blame on his predecessor for contributing to this moment. unfortunately, the last
did. we got in there. obviously, it was coming right behind us. as we got in there. we heard a big boom. didn t hear anything else for a while, we walked out. then just came out to around ten trees. down in our yard. how frightening, at night as well, we re gonna go to priscilla thompson and silver city, mississippi with the very latest. just a few minutes ago. another story we re following at this hour. crews in pennsylvania are searching for five people after an explosion at a chocolate factory. two people when people are pulled from the rubble overnight. we re gonna live report from pennsylvania later on this hour. we go to more developing news now, the investigation into donald trump are accelerating this weekend. as he deals with several legal setbacks. it comes as new york investigators are looking into a death threat, and white powder having been sent to da alvin bragg. the substance was deemed non hazardous. the letter came hours after trump warned of potential
-led congress, and why it really matters for everything from health care to global and national security, to the balance in your 401k. plus, i will talk to yuri salk, the adviser to ukraine defense minister about a very important week for ukraine, and a new evidence that ending roe was not enough for the anti abortion lobby in this country. the war against reproductive rights rages on, and it s worse than you would think. i will call this week s meeting of the velshi banned book club comes together. it is a celebration of mother daughter love and it has been banned. i will talk to the author, graceland, about why the story is so important. ahead. velshi starts now. . good morning, i m ali velshi, it is saturday january 21st. it is two years of the day since president biden s presidential moderation. we begin with a dire warning to the present day, but to do so, let s go back in history to this famous exchange. little did i dream you could be so reckless and so cruel ask