government is stepping in to calm the failure two of u.s. banks. everyone that had money in sign silicon valley bank and signature bank will have money. the president is going to address the public about it. oscars, stealing the show, best picturor, best actress, best supporting actor and best supporting actress. also overnight, saber-rattling once against from north korea with a missile test launched from a submarine. the u.s. and south korea begin joint military exercises. you know this name. michael cohen. set to testify in a case that could lead to criminal charges against donald trump. cohen expected to appear before a mat nhattan grand jury. he s been making hush payments to stormy daniels. and get this march madness your march madness bracket is set for the ncaa tournament. the one seeded, kansas, purdue, alabama, something like that never heard of them. cnn this morning starts right now. i can tell you, i was in washington this weekend. the collapse of
race for the white house coming in. bottom line. business as usual. all transactions are fully functional. thank you all. sandra: we begin with president biden today scrambling to restore confidence in america s banking system after the swift and sudden collapse of two banks that pumped in fears of a wider economic crisis, and a lot is unfolding at this hour. hello and welcome, everyone. i am sandra smith. grateful to start another week with you. john. john: it seems like every week there is something new. i m john roberts in washington. this is america reports. the president addressing the nation before the stock market open, assuring that their deposits are safe. taking emergency measures to contain the damage from two of america s largest firms. sandra: while the president blames bank executives and republicans for the failure of silicon value bank and signature bank, critics say about the aggressive rate hikes meant to rain and rampant inflation inflation ar
world. the president trying to reassure americans that their deposits are safe while making sure to blame republicans. thanks for the quick action of my administration over the past few days americans can have confidence the banking system is safe. when no losses will be borne by the taxpayers. during the obama-biden administration we put in place top requirements on banks. unfortunately the last administration rolled back these requirements. what do you know about why this happened and can you assure americans there won t be a ripple effect? should all depositors be productive at all banks? dana: present getting praise from jen psaki. it s important to note president biden does nothing at 9:00 a.m. he is a night owl. the fact that he s doing this at 9:00 a.m. anyway speaks to how vital the white house recognizes it is for have his voice out there. conveying back to the american public. dana: banks facing criticism for being more focused on the green agenda rather
not testify about hush money payments to an adult film star. it comes as his former fixer, michael cohen, does appear before the grand jury. our nbc news exclusive. uk prime minister rishi sunak. his first u.s. broadcast interview since taking office as he joins president biden and australia s leader to announce a nuclear submarine deal. his tough words for china, calling it a systemic challenge to the world order. what he thinks about the origins of covid and what s his relationship like with king charles? and winning everything at the 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
we ll go live to the capital of ukraine and get the latest from inside moscow in just a minute. plus, does the future of the war in ukraine hinge on the midterms in the u.s.? the republican victories in the house and senate mean less money or less military support? we ll dig into that, plus get a gut check on a couple of big races you haven t heard a whole lot about. finally, jury selection just getting under way in the second sex crimes trial of harvey weinstein. the stakes have been raised exponentially after he was given a chance to appeal his new york conviction. what are the chances he could be allowed to walk free? we start with the brutal attacks in ukraine and apparent return to tactics that russia used early in the war to try to terrorize and kill civilians. it represents the biggest, most widespread attack in months. russia claims that it was going after energy and military command facilities. but the vast majority were civilian targets, including an apartment