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
silicon valley bank collapsed on friday, and the government of the state of new york shut down signature bank last night, claiming signature was on the verge of collapse. the federal government has since taken over that bank. president biden rushed out to the cameras this morning before the markets could open to try to calm the american people. he insisted there s no need for the public to worry, that their money is safe and the economy will not suffer. america can have confidence that the banking system is safe. your deposits will be there when you need them. every american should feel confident their deposits will be there if and when they need them. let me also assure you we will not stop at this. we ll do whatever is needed. the concern now is whether this was just the first part of a larger financial crisis and whether other banks or the markets will take a major hit in the coming days and the move by the biden administration to guarantee that the funds in those fail
mississippi. at least 23 people are dead and officials say more are likely trapped in the rubble. we will have the latest on the rescue mission, another hour of velshi begins right now. good morning to you, it is saturday march 25th, as 11 a.m. in the east atm in the west. i am ali velshi. for the past, week donald trump has been relentlessly attacking alvin bragg, the manhattan district attorney investigating the stormy daniels hush money payment for which the former president could possibly face a historic indictment. let s jump that aside for a moment because despite the attention and the vitriol, that trump percent alvin bragg s way since last saturday, there actually were not a lot of developments in that investigation in the past week. trump was not arrested, as he claimed he would be one week ago today. their grand jury only met once this week on that matter but in contrast, a pair of recent other court rulings in other cases found that trump may not be as privileged a
from the biden family wish you and your family peace, joy, health and happiness. merry christmas, happy holidays and all the best in the new year. god bless you all and may god protect our troops. judge jeanine: and while we count down the days until santa arrives, there may be no better place to celebrate this season than new york city. the big apple does a lot wrong but christmas is one thing we really get right. of the lights, the decorations, the stores, the trees, and, of course, the caroling. when you re awake he knows if you ve been. wait, you re not singing. yes, i am. no, you re not. you re just moving your lips. mine, please, what s the big deal? dad. santa claus is coming to town! [laughter] judge jeanine: music is a vital part of the holiday season like the movie says, the best way to spread christmas tree is singing loud for all to hear. and even i loved getting in on the action. jingle bells jingle bells jingle all the way oh what fun i
Of digital markets, on trial for fraud and money laundering. At the heart of the case, whether mr bankman fried unlawfully used Customer Deposits from his crypto exchange, ftx, to cover debts, expenses and investments of his crypto hedge fund, alameda research, and to enrich himself and his inner circle. He has pleaded not guilty. The governments first witness was a former ftx customer who deposited £110,000 on the exchange. The government is expected to call on people who lost money when ftx went bankrupt, as well as at least three former executives at ftx and alameda, who were also personally close with mr bankman fried. The british car market grew in september, according to new figures. The society of Motor Manufacturers and traders says its up 21 on the same period last year. But sales of Electric Vehicles fell sharply, pulling the share of ev sales down to 16. 6 of the overall market. Lets cross live now to mark tisshaw, whos the editor of autocar. Mark, explained this, because w