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
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
officials say in 11 atmospheric river system, forecast from monday, they could send more water rushing through the still breeched levy. there could be more water. there is also more water throughout the counsty. keep this line. the raging floodwaters leading to a dramatic aerial rescue captured babove the rive. rescuing a man off an island. the man brought to dry land unharmed. folks, we are not done yet. we re dealing with rain and wind events that can only describe as super soaker saturation event. but in undeniable sense of flood fatigue creeping in, even as officials issued new evacuation orders for more communities near the river. back in hard hit communities, the supervisor told us there is a sense of vulnerability.
california highway patrol saving a man stranded on an island after floodwaters swept him and his car into the river. the man brought to dry land unharmed. folks, we are not done yet. we are dealing with rain and wind events that i can only describe as a super soaker saturation event. reporter: but an undeniable sense of flood fatigue creeping in, even as communities ordered new evacuation orders. and back in hard-hit pajaro, louis alejo told us, there s a sense of vulnerability, both about the future of pajaro and its mostly migrant families. this community is resilient, it s strong. when these waters recede, pajaro is going to rise. this is such a hardship on this community, but we know that we will get through this. reporter: jim and erica, let s talk about the rest of the