reporter: south korean american troops to begin 11 days have joint military drills, they come just as north korea just fired two strategic cruise missiles from a submarine. reporter: it s hard to know how many ukrainian soldiers have been killed in this war. the government just won t say. but in bakhmut it s estimated hundreds are killed or injured every day. norah: and a historic night on hollywood s biggest stage. and ladies, don t let anybody tell you you are ever past your prime. norah: good evening to our viewers in the west and thank you for joining us as we begin a new week together. tonight tens of millions of americans across the northeast are in the path of a powerful nor easter. that is expected to bring heavy snow, strong winds, and dangerous travel conditions. also some widespread power outages. we will have the forecast in just a moment. also tonight a note found in the bathroom of the united flight warning about a bomb on board. we wil
any moment now, president biden will address the nation from that podium right there amid concerning questions about potential contagion in the u.s. banking sector. what does that mean for your money? a very good monday morning to you. i m jim sciutto. and i m erica hill. president biden expected to try to calm fears in a matter of moments when he does make his way to that podium, this amid the failure of two u.s. banks. we re talking about silicon valley bank, which you ve heard a lot of this weekend, as well as signature bank. the biden administration is taking emergency action here and there is the president. let s listen in. for california. i want to briefly speak about what s happening to silicon valley bank and signature bank. today, thanks to the quick action of my administration over the past few days, americans can have confidence that the banking system is safe. your deposits will be there when you need them. small businesses across the country that deposit ac
top of the hour this monday, big day for banks. i m erica hill, and the president is speaking to americans with a calm an reassuring tone on the heels of two failing banks over the weekend, and sparking concerns about whether it could lead to more. his message with the american banking system is safe. all customers who had deposits in these bans ks can rt assured they will be protected and access to their money today. that means that those who bank there and need to make payroll and pay bills and stay open for business, and this is an important point, no losses will be borne by the taxpayers. and the president is vowing major changes by the white house, and forced to take emergency action with more than $200 billion worth of deposits into the line to keep other banks from failing. matt egan and m.j. lee come in to join us, and with the action of the u.s. treasury and others to make sure that they ensure beyond the threshold and the president getting out there to say we
hello, i m briana keilar in washington. right now wall street and main street are wondering if more dominoes will fall or if the biden administration s drastic action following the second largest bank failure in u.s. history will stave off a broader financial crisis. this morning president biden assured americans that their money is safe after the federal government takeover of silicon valley bank and the smaller signature bank. svb may be a new name for many people, but it was a go-to bang for the tech sector. high-pro-final companies like roku, etsy, and fitbit were clients. some had hundreds of millions of dollars tied up with svb. all those deposits are guaranteeduncle sam. all customers who had deposits in these banks can reassured they ll be protected, and they ll have access to their money as of today. no losses will be born by the taxpayers. instead, the money will come from the fees that banks pay into the deposit insurance fund. the management of these banks will
hello, everyone. welcome to cnn newsroom. and i m john berman. victor is off this froop. and we begin with president biden s dramatic overnight move to dparnguarantee the money is e bank. this comes after the failure of two banks. today the president announced regulators are taking them over, but unlike what was seen in 2008 the u.s. will cover only bank customers not bank investors. all customers who had deposits in these banks can rest assured that we protect it, and they ll have access to their money as of today. that includes small businesses across the country that bank there and need to make payroll, pay their bills and stay open for business. investors in the banks will not be protected. they knowingly took a risk, and when the risk didn t pay off, investors lose their money. that s how capitalism works. svb s small businesses are thankthal for president biden s decision. i am quite relieved from what i heard from president biden. i think the administration h