And tonight, Recovery Efforts. They continue in parts of North Carolina, souttsh carolina,lina georgia, tennessee, virginia and florida. We ge have communities all acrosseo apalachee. They are completelmmuny devastad. The Situation Tonight is dire. AnD According reports on the ground, thE Biden administration, they have been makingeports it worse and theyay have been totally Tone Deaf for over ton a week. This has been the worst Federalh Hurricane Response in the history of our country. On x elon musk, whos been extremel. Y generous and helpful to people in terms of restoring communications, he said fema is not merely failing to Adequateld Fey help people ib trouble, but theyre actively blocking Citizen Thes who do try to help. He detaileD A claim from a Space Engineer on the ground whos accusing fema of blocking shipmentcusing fs of elons eme. Starlink of Starlink Terminals ,which Donald Trump asked him to senD Any generously sen it i this is soulless. It is unconscionable. It is unfo
here are tonight s headlines. urgent rescues and emergency evacuations after relentless rain overwhelms the northeast and new england. a major landslide destroys homes, forcing residents to flee. i ve never seen anything like this ever in my career. the creaking, the cracking, the crumbling, they are going to fall. president biden met with prime minister, and assume with king charles, the president is now going to take part in the new summit. norah: with president biden saying ukrainians to wait till after the war to join nato. with banks treating civilians. near the front lines, but not on the front lines. this is an attack on a civilian area. norah: dangerous prisoners on the run. the manhun for two murder suspects. it s a little unnerving knowing he could be somewhere in the woods. n norah: disgraced olympic dr. larry nassar stabbed ten times in the neck, back, and chest in prison. while serving up to 175 years for sexually abusing americ
evacuations after relentless rain overwhelms the northeast and new england. a major landslide destroys homes, forcing residents to flee. i ve never seen anything like this ever in my career. the creaking, the cracking, the crumbling, they are going to fall. president biden met with british prime minister along with king charles, the president is now going to take part in the nato summit. norah: with president biden saying ukraine needs to wait till after the war to join nato. with medics treating civilians. near the front lines, but not on the front lines. this is an attack on a civilian area. norah: dangerous prisoners on the run. the manhunt for two murder suspects. it s a little unnerving knowing he could be somewhere in the woods. norah: disgraced olympic doctor larry nassar stabbed ten times in the neck, back, and chest in prison. while serving up to 175 years for sexually abusing american gymnasts. we need to focus heavily on the ethi
that ensures bank deposits and overseas financial institutions. the agency says all insured depositors will have access to their deposits no later than monday morning. the fdic ensures deposits of up to $250,000. why did this bank fail so quickly? it is an old school bank run in a modern economy. you can point to two reasons. the first is that the fed has been increasing interest rates since 2022. that has an effect on thing bank s assets, which means its unrealized bonds were worthless money. those increased interest rates has had a devastating effect in the tech sector at large. the tech sector has seen layoffs and funds been sold off. that has led to panic. that s led to group chats of founders of vcs all abuzz with what to do with svp. that led to panic. nobody wants to be the last customer held at a bank. help break down all those affected. svb was the premier bank in silicon valley. we ve seen tech companies banking at svb as kind of a badge of honor. right now we
oscars the movie making history on hollywood s biggest night. announcer: this is nbc nightly news with lester holt good evening, everyone president biden was up early in front of the cameras before the markets opened this morning in a move to calm jitters following a pair of bank collapses. mr. biden declaring the banking system is safe and telling customers your deposits will be there when you need them new york s signature bank following silicon valley bank down the road to collapse over the weekend. those banks are tonight in the hands of regulators. in addition to telling folks their money is safe, the president today called on congress and banking regulators to strengthen banking rules to prevent such failures in the future the government reassurance appeared to go a long way toward easing nerves on wall street however, concerns remain over whether it s all over. nbc s jake ward has much more. reporter: with two u.s. banks being forced into closure in recent days