i m rosemary church. just ahead, winter storms bearing down on both coasts in the u.s. one system could leave a foot or more of snow in parts of the northeast. another atmospheric river is said to dump rain on already flooded parts of california. plus, after the biggest u.s. bank failure since 2008, regional banks fear a broader financial crisis as their stocks tumble. former u.s. president donald trump in iowa taking swings at republican rivals, just days away from a potential indictment. good to have you with us. we begin here in the united states, where confidence in regional banks remains shaky, despite ashusurances from president joe biden that they are safe. a dozen of regional banks plunged to record lows following the collapse of silicon valley bank and signature bank. mr. biden promised to do whatever is needed to protect the u.s. banking system. and he promised to hold those responsible for the collapse f fully accountable. the management of the banks will b
hello and a warm welcome to our viewers in the united states and all and the world. just ahead the administration s top finance officials triggered a dramatic show of dual pronged government force. every american should feel confident that their deposits will be there if and when they need them. and heavy snowfall is coming down and that will continue tuesday. it is just the historic decision of whether to charge a former president is expected soon. he speaks in a code and i understand the code because i ve been around him for a decade. live from london, this is cnn newsroom with max foster and bianca nobilo. it is tuesday, march 14, 8:00 a.m. here in london, 4:00 a.m. on the u.s. east coast. and 1:00 a.m. in california where at least 50 million americans are bracing for two separate storm systems. much of new england and parts of new york will be hit by a major nor easter. and in monterey county, a levee breech has added to the flooding there and so5,
things to know with this tuesday, march 14th. all eyes will stay on wall street where they have been locked as the race is on to avoid the collapse of other regional u.s. banks. several have been suffering steep stock drops on monday, even as the government came out, president biden himself, trying to calm nerves of financial support. all this turmoil is coming as the fed is awaiting a highly-anticipated inflation report that we re expected to get this morning. no relief. what is going on? dualing storms set to pound the east and the west coast, both coasts, nor easter forecast to bring heavy rain, wind, snow to millions in the northeast. california bracing for yet another round of severe flooding. also this, governor ron desantis breaking from many in his own party on the war in ukraine. likely presidential candidate told fox news that protecting ukraine is not vital to u.s. interests. instead, he called it is a distraction to bigger challenges here at home. also, sena
the race for a gop presidential nominee. for the first time since the invasion of ukraine began, russian officials could be facing war crimes charges. reuters and new york times reporting the international criminal court is planning to open two cases and issue arrest warrants for a number of people. something that ukraine has been asking for for some time. in just moments labor department will release a key inflation report revealing just how much consumer prices rose last month. biggest thing to watch for is what the federal reserve is going to do. are they worried about the fragility of the banking system and being able to handle more rate hikes. good morning, everyone. welcome in to cnn this morning. banks across america struggling with the fallout from the largest bank failure since the 2008 financial crisis. stocks of more than two dozen regional banks plummeted yesterday, even after president biden took emergency action to ease panic. we re keeping a
without power and commuters facing a travel nightmare. i think people thought that w winter was going to be done and over with and now we re getting hit. this is new england it is about time well, on the west, more catastrophic flooding in the forecast in the wake of weeks of unrelenting rain thousands now under evacuation orders, rescue teams already deployed to save people trapped in those deadly floodwaters. we re timing out both of these systems. and the gloves are off former president trump in iowa taking direct aim at his biggest competition for the gop ticket, florida governor ron desantis. ron was a disciple of paul ryan, who is a rino loser. how the crowd responded to that and why it may not be what the former president wanted to hear we re going to begin with the latest fallout from the collapse of silicon valley bank and the new inflation numbers out this morning. starting us off, jake ward in san francisco. our business and data reporter brian cheung