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
portions of the state. just minutes ago we were seeing this video of a levy that failed overnight in monterey county. that has forced evacuations, washed out roads and bridges. this week s atmospheric river, the tenth to hit the state dropped more than a foot of rain in some areas. at least two people have died in the most recent storm and more rain is on the way for some hard-hit areas. several feet of snow is blanketing the sierra, nevada mountains. they worry melting snow could cause more flooding. california national guard in high water vehicles are staged throughout the state. mike lareo is in vallaero. reporter: we re in the heart of the flood zone and we have all of this flooding in the downtown area because from that video you just saw, the levy is about 3 miles behind us and as soon as that levy had a breach around midnight local time, jim, all of that water had nowhere to go but here except for low lying areas. you can see there s a little bit of a dry spot in our
severe road damage as well. the california national guard is now on the scene in santa cruz to support emergency services. for some residents, the rising water is simply too much. we 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 the house? cnn s mike valerio and cnn meteorologist brit rits are tracking the latest. reporter: this is the heart of the flood rescue response effort. if you look around us, the area is inundated. as you mentioned at the top of the show, it is flooded because we have this levy upstream that failed around midnight local time, so as the front quickly comes through, that water is dumped around us. what we ve been seeing since we moved positions from the berry farm we talked to you last time until now, national guard troops have been coming up and down the central drag for several hours now rescuing people. you can just see the extent of the water. and
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
reporter: south korean american troops to begin 11 days have joint military drills, they come just as north korea just fired two strategic cruise missiles from a submarine. reporter: it s hard to know how many ukrainian soldiers have been killed in this war. the government just won t say. but in bakhmut it s estimated hundreds are killed or injured every day. norah: and a historic night on hollywood s biggest stage. and ladies, don t let anybody tell you you are ever past your prime. norah: good evening to our viewers in the west and thank you for joining us as we begin a new week together. tonight tens of millions of americans across the northeast are in the path of a powerful nor easter. that is expected to bring heavy snow, strong winds, and dangerous travel conditions. also some widespread power outages. we will have the forecast in just a moment. also tonight a note found in the bathroom of the united flight warning about a bomb on board. we wil