state of our economy. good evening. the day started well enough for biden with a jobs report showing the u.s. economy adding 311,000 jobs last month. we created more jobs in two years than any administration created in the first four years. it s no accident. it mean our economic plan is working. but that good news was quickly overtaken by bad news that could get a lot worse. thank you. thank you. silicon valley bank may not be a house hold name. but it is a very big deal in term of lending to and financing operations of many leading tech companies. and today, it collapsed. struggling with high interest rates, unable to find a buyer. well, the very last time we ve seen a bank of this magnitude fell was in 2008. and, that could be a true indication of where our economy is at. now, the white house insists comparisons with the financial crisis of 2008 are overblown. our banking system is fundamentally different because of the changes that we put in place in 2008.
coast of san diego we ll bring you lat itest. and former president trump heads back to iowa today. and amid the glitz and glam, a look at some of the historic wins during hollywood s biggest night. i cannot believe it s happening to me. this, this is the american dream. we begin this morning with the federal government rushing to prevent a wide scale banking crisis after two of the country s largest banks collapsed over the weekend marking the biggest bank failure since the 2008 financial crisis. today the fdic, the federal reserve, and the trash ri department are taking emergency measures to ensure depositors at silicon bank and signature bank will be able to access their money. this morning president biden insisted u.s. banking system is safe and no losses, he said, will be borne by the taxpayer. over the past few days, americans with deposits in these banks can rest assured they ll be protected and they ll have access to their money as of today. because of the ac
for the country. hundreds of protesters have beeen gathering in central london to show their solidarity with anti government demonstrations in iran. president biden will visit the us border with mexico for the first time since taking office today. record numbers of migrants have crossed over recently. in his latest television interview, prince harry talks of the death of his mother princess diana, and the strain as a child of showing no emotion in public. china has reopened its borders to international visitors for the first time since the start of the pandemic. people entering the country will no longer need to quarantine but will need to provide proof of a negative covid test, and chinese citizens are once again allowed to go overseas. there have been emotional reunions at airports and the mainland s border with hong kong. this latest lifting of coronavirus restrictions coincides with the country s busiest travel season marking the lunar new year. our correspondent martin
(phone rings) - hey, kaleb, what s up? how you doing? - hey, i m good. guess what. i just had my 13th surgery. - [alec] really? - how are you doing? - i m doing good. i m encouraged by seeing how people are coming together to help each other during times like these. - kinda like how shriners hospitals for children is there for us. - i know my shriners hospitals family will continue to take care of kids like us who need them most, all because of caring people like you. - like me? - (chuckles) no, the people watching us right now at home. we hope you ll call the special number on your screen right now. - you ll need making sure our amazing doctors and nurses can keep helping kids like us who need them now and in the days to come. - with your gift of $19 a month, we ll send you this adorable love to the rescue blanket as a thank you and reminder of the kids you re helping with your monthly support. please, call now, or you can go to lovesshriners.org. from msnbc world headquarte
impacted spending habits then we will speak to judy chu about the overall state of our economy. and then today the supreme court could hand down a critical condition that could impact the southern border, and we will take you live to el paso we begin marking one of the busiest travel days of the year, both on the roads and in the air after people are scrambling to get home after the christmas holidays, and a blizzard is contributing to problems today alone more than 1,300 u.s. flights have been delayed, and near nearly 2,900 have been cancelled, and a bulk of that coming from southwest airlines, and it s not just airline travelers facing a daunting journey home according to aaa, today and tomorrow are expected to be the most congested days on the road as travelers mix with commuters back to work after the holiday joining us now, blayne alexander, and then blayne, i was caught up in the middle of it a couple days trying to get back to new york describe the scene you are se