thank you so much for joining me this saturday. i m fredericka witfield. history unfolding before our very eyes today in london. for the first time in 70 years, a new british monarch has been crowned. the nearly 400-year-old st. edwards crown was officially placed on the head of king charles iii today at westminster abbey. the sacred coronation ceremony was filled with tradition and pageantry, a culmination of a seven-decade journey from being heir to the throne to becoming the monarch. god save the king! god save the king! the king s wife camilla also receiving her crown during the ceremony, officially making her britain s new queen. tens of thousands lined the streets of london to greet the royal family. a royal reception to honor their new king and queen and then a royal salute from 4,000 british troops. his majesty the king and he majest hooray! king charles, queen camilla and the royal family stepping on the balcony of buckingham palace to greet the crowd
we begin this hour in california. significant flood threat is intensifying. powerful drenching storms hitting the northern and central parts of of the state. brought on by an atmospheric river. governor newsom declared a state of emergency. a levy breach forcing evacuations in monterey county. the california national guard is now on the scene in santa cruz to support emergency services. around 15 million people are under flood watches across california and nevada. for some residents, the rising water is simply too much to bear. can t live like this. how do you live like this? how do i have my kids here? how do i have my elderly mother live here where i carry her out of her had house? snowfall is also causing significant problems blocking roads and trapping some people in their homes. several feet of snow have fallen in parts of the sierra nevada mountains. moouk is live for us in monterey county reporting on the flooding taking place there. what s at stake and what s expe
atmospheric river is raising water levels and leaving a trail of destruction. a levee breech iach is forcing evacuations in monterey county. governor newsom has declared a state of emergency. we can t live like this. how do i live like this? how do i have my kids live here or my elderly mother live here? mike, a lot of people are trying to reassess how much longer can they endure this. reporter: right. you know a couple people made the decision to leave just a few minutes ago. we saw them coming out on national guard convoys because they couldn t wait any longer. we re here just over the santa cruz line in pajaro. you see acres of farmland that are now underwater. if we push in looking north, the farther you go, the closer you get to the pajaro river. a levee in the river failed around midnight local time, which is why you see all this water flooding this strawberry farm that s on either side of the railroad tracks. we want to jump to drone video of neighboring watsonvi
that ensures bank deposits and overseas financial institutions. the agency says all insured depositors will have access to their deposits no later than monday morning. the fdic ensures deposits of up to $250,000. why did this bank fail so quickly? it is an old school bank run in a modern economy. you can point to two reasons. the first is that the fed has been increasing interest rates since 2022. that has an effect on thing bank s assets, which means its unrealized bonds were worthless money. those increased interest rates has had a devastating effect in the tech sector at large. the tech sector has seen layoffs and funds been sold off. that has led to panic. that s led to group chats of founders of vcs all abuzz with what to do with svp. that led to panic. nobody wants to be the last customer held at a bank. help break down all those affected. svb was the premier bank in silicon valley. we ve seen tech companies banking at svb as kind of a badge of honor. right now we
hello, everyone. thanks for joining us this saturday. i m fredricka whitfield. a desperate man hunt is under way in texas, a gunman killing five people including an 8-year-old and police are racing to a house in cleveland, texas, overnight. on reports of an active shooter. at least three others were wounded in a brutal attack. and now the search is on for the suspect who took off before police arrived on the scene. cnn s ryan young is following this breaking story for us. so tell us what we know thus far, that is taking place in a house, does this mean that everyone knew each other, meaning the suspect and the victims? well, it appears they were neighbors. and in fact, they were talking to him across the street, he had a gun, and apparently, he s been firing in that yard, according to the sheriff, many times, and they asked him to stop shooting because it was disturbing the baby inside the home. and at some point apparently he became angry and then actually went inside the