silicon valley bank collapsed on friday, and the government of the state of new york shut down signature bank last night, claiming signature was on the verge of collapse. the federal government has since taken over that bank. president biden rushed out to the cameras this morning before the markets could open to try to calm the american people. he insisted there s no need for the public to worry, that their money is safe and the economy will not suffer. america can have confidence that the banking system is safe. your deposits will be there when you need them. every american should feel confident their deposits will be there if and when they need them. let me also assure you we will not stop at this. we ll do whatever is needed. the concern now is whether this was just the first part of a larger financial crisis and whether other banks or the markets will take a major hit in the coming days and the move by the biden administration to guarantee that the funds in those fail
the president says everything is under control. will that convince average americans? and why didn t anyone see this coming plus, roughly 17 million people facing flood watches today. the vast majority of them where flooding has already wreaked havoc in parts of california the atmospheric referring dropping another half foot of rain and compounding misery for towns under water. will donald trump s future be decided on the campaign trail or in the courtroom. the former president heads to iowa as his former fixer, michael, cohen, heads into a meeting with a new york grand jury we start with the question americans all over the country are asking, is my money safe the federal reserve and the president himself telling them the answer is yes. right now the dow is roughly flat following the collapse of two banks in recent days with several others suddenly on shaky ground in fact, some regional banks have lost 60, 70, even 80% of their value. carol lee is covering the white hou
hello, bill. reporter: hey, mike. good afternoon to you. yeah, the latest information we re hearing is at least eight people dead after two of these suspected human smuggling boats capsized off the coast of san diego. and this just highlights the fact that we ve got more death at our southern border now. any way you slice slice it whether it s people crowning in the river, dying of dehydration out in the desert, boats sinking in the florida keys or off the california coast, it goes to show you the risk a lot of these migrants take as they try to get here to the united states. fiscal year 2022, more than 800 my granter deaths migrant deaths at our southern border, the all-time record. and it goes to show these human smugglers don t care if people get their alive or kid. they get paid either way. we saw that firsthand in san antonio last summer when that horrific incident happened with the trailer of 53 migrants dead, baked to death in the heat, essentially, outside the cit
i always appreciate you and th time you take to be with us. some are jones s an emmy antibody award winning journalist, the host of th trends last forecast straight ahead, democratic representative stacey plaskett is in the house right now. she s with me here in th studio she s going to be joining us she was a house manager for th second impeachment of donald trump. she joins me live to discuss the possibility of a crimina indictment for the forme president relates in his hus money payments for storm daniels and why there it has not been a criminal indictment for january 6th. another hour of velshi begin right now. good morning it s sunday, march 12. i m ali velshi we begin with an important warning from the biden administration the white house has publicly announced that russian actor with direct ties to russia intelligence operations ar seeking to sow belittle unrest in moldova, a nation that wa formerly part of the - according to john kirby [inaudible fomenting manufactu
Off this meeting and what it means for him moving forward. The news at 5 30 starts right now. Thanks for joining us. Im audrey asistio. And im raj mathai. Expected to be another wet winter, potential lip dangerous, similar to last winter. Thats the message from the National Weather service. Valley water in the south bay is outlining what its doing to prepare and explaining what you can do to get ready at home. Here is nbc bay areas ian cull. After last years widespread destruction in pajaro, theyre prepping for this winter. Last winter was an anomaly. This winter could be not necessarily a repeat, but we could be wet again. So to get big backtoback wet years is something we dont see too often here in california. Its our opportunity to help you the Community Get ready. Reporter today valley water showcased what it has done in lower silver creek in east san jose. The agency says it has cleared out around four feet of sediment so rainwater can flow more smoothly, reducing the threat of fl