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
oscars the movie making history on hollywood s biggest night. announcer: this is nbc nightly news with lester holt good evening, everyone president biden was up early in front of the cameras before the markets opened this morning in a move to calm jitters following a pair of bank collapses. mr. biden declaring the banking system is safe and telling customers your deposits will be there when you need them new york s signature bank following silicon valley bank down the road to collapse over the weekend. those banks are tonight in the hands of regulators. in addition to telling folks their money is safe, the president today called on congress and banking regulators to strengthen banking rules to prevent such failures in the future the government reassurance appeared to go a long way toward easing nerves on wall street however, concerns remain over whether it s all over. nbc s jake ward has much more. reporter: with two u.s. banks being forced into closure in recent days
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
the caucuses seven years ago plus, themarkets get a break as cooling inflation sparks a much needed rally on wall street. but what about main street what does the latest report tell us about the cost of food and clothes and electricity? we ll break it all down for you. and forecasters in california warning that a new round of rainstorms may bring large scale and long lasting flooding up to eight more inches of rain falling on areas yet to recover from last week s storm as the totals reached levels not seen in decades all this as the northeast sees its first real snow of the season, less than a week before the official start of spring we have a lot going on we ll have all of it for you in just a minute. but we start with donald trump unveiling his strategy for presidential run number three, fully embodying the combative, insulting and misleading campaign style that made him president. but that we had seen very little of in recent months. it started before he even got to io
these were homes, neighborhoods , communities and here and elsewhere. the staggering loss of property is secondary. at least 25 people are now confirmed dead in mississippi. another person was killed in alabama for perspective. these past 24 hours have seen more tornado deaths than all of last year. many are just thankful to have survived. mcafee unity. and . thank god we re alive, but also were so devastated by the loss. the whole trailer park behind the building is gone and we don t know where everybody is . we don t know who s alive and who s gone. cnn s nick valencia is enrolling fork, mississippi nick just heartbreaking to hear these accounts. what are you hearing from people? it is and it s just awful to see this and we apologize for having to go live from our satellite phone. but it s a testament how much damage is here. in sharkey county and rolling fork, mississippi felt hours have been heavily damaged here, which is why we re not being able to go live on air. but wh