ahead of the trading day on wall street, the u.s. government steps in to protect a failed bank, promising depositors they won t lose a penny. one film won everything, everywhere, all at once on this year s oscar awards. already-flooded parts of california bracing for yet another powerful storm. this is cnn newsroom with rosemary church. thanks for joining us. we begin in the united states where the biden administration is stepping in to contain the fallout from the sudden collapse of silicon valley bank. authorities say customers will have access to all their money starting monday morning. the president also promised to hold those responsible for the bank s failure fully accountable. he will speak about the issue in the coming hours. regulators also shot down another regional institution, signature bank, fearing it was also on the brink of collapse. cnn s arlette saenz has more. reporter: the biden administration took extraordinary steps sunday to ensure that al
that s a level 3 of 4 for both monday and tuesday, moving south with time. you can see the eradication of drought across the state as well, quite a difference from two months ago. back to you. thanks for that. cyclone freddy made landfall in mozambique for the second time in weeks on sunday. the storm battered the southern african nation with torrential rain, breaking records for duration and strength. last month the storm killed at least 27 people in mozambique and madagascar and impacted more than 170,000 people. this time experts say more than 500,000 people are at risk. freddy first developed back in early february off northwest australia. it has since tracked thousands of miles across the southern indian ocean. the sci-fi adventure film everything everywhere all at once dominated the 95th academy awards sunday night, winning in