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
am taking the train. kaitlan, thank you very much. we appreciate it. cnn newsroom starts right now, of course, with the breaking news as well. good wednesday morning to you, i m jim sciutto. and i m erica hill. we are following the breaking news this morning after u.s. flights were grounded, the faa now lifting that ground stop. u.s. flights resuming here. there is, though, as you can imagine a huge mess unfolding at airports across this country and, frankly, around the world. a key faa safety system went down earlier this morning, that led to some scrambling from coast to coast. here is where we stand at this hour, the faa says it is set to resume more flight departures this hour, but in terms of the backlog, the damage that we re seeing, the delays and cancellations, understandably rising by the minute. new york lines are growing, atlanta and chicago delay warnings taking over departure screens. they may be the lucky ones stuck in the airports that are already i
good morning to you, a sad morning in the news. i m jim sciutto. a sad morning, one that s become all too familiar, i m erica hill. for the third time now in as many days california rocked by mass shootings. in oakland at least one person is dead, seven injured. seven people also dead after a gunman opened fire in half-moon bay, and 11 of course were killed over the weekend in monterey park. police say a 67-year-old man attacked two separate locations in half-moon bay, this morning one person remains in critical condition. it s a big rural location, so people are working, it s spread out, there s people that live at the location as well. so, you know, it s it was in the afternoon when kids were out of school and for children to witness this is unspeakable. we can say the regularity of this kind of gun violence is not normal, perhaps more accurately it s not normal anywhere but this country. in that shooting right now the can you say spect is in custody, his arrest cap
right now secretary of state antony blinken is in the west bank, set to speak at any moment. this at the end of his three-day tour of the middle east, the trip gained new urgency following an outbreak of deadly violence. he met with mahmoud abbas earlier today and met with benjamin netanyahu yesterday in an effort to get both sides to work together to end the bloodshed. also kevin mccarthy will meet tomorrow with president biden at the white house for the first time since becoming house speaker. top of his agenda the debt ceiling. republicans with that slim majority in the house are holding the threat of defaulting on the nation s debt to demand budget cuts. and this morning two more memphis police officers have been put on leave in connection to the death of tyre nichols. that in addition to the five officers who have already been fired, charged with second-degree murder. plus, the memphis fire department has also fired three employees for their response or nonresponse
i m erica hill. and i m jim sciutto. lots of news this morning happening right now. the newly appointed special counsel robert hur is beginning his investigation into classified documents found by his lawyers and staff at president biden s home as well as a former private office. now we are seeing both the current and former president under investigation. ahead, the legal and political ramifications as the w.h.o. could be on the ballot against each other once again in 2024. plus, we are closely monitoring the devastation across the south, seven people confirmed dead as tornadoes ripped across alabama and georgia. officials say one of those tornadoes may have been on the ground for at least 50 miles. we are live in selma, alabama. those pictures from the air, always tell such a powerful story. also this morning, the world is mourning the loss of lisa marie presley, elvis presley s only child. she died overnight at the age of 54. a look back at her life in the spotlight