plus, russia s military falling apart. soldiers revolting against commanders calling themselves sacrificial lambs as the battle between russia s army and the private military wagner group spills out into the open. and hundreds of migrants trying to storm the u.s. southern border. frustration with biden s policies boiling over. this is the u.s. boarder you re looking at and we ll tell you what s happening there. let s go outfront. and good evening. i m erin burnett. outfront tonight, bank crash. stocks of dozens of regional banks across the united states plunging to record lows today. the situation so volatile that trading had to be completely stopped, halted for roughly a dozen of those banks. here s just a few to show you what happened in the hours they were even opened for trading. first republic bank, 66% lower at one point. western alliance bank corp, 60% lower. pac west, 34% of its value gone. first horizon, about a quarter of its value erased. it was a head-spin
designed for how you live today and in the future entire family of furniture at floyd home .com. eva longoria, searching for mexico premieres tomorrow at 10 on cnn. captioning brought to you by meso book .com. we offer a free book on mesothelioma call for the free book and receive so much more call 1 808 31 37 100. hello again, everyone. thank you so much for joining me. i m fredricka whitfield. we start with breaking news, the governor of mississippi, issuing a state of emergency after a devastating tornado outbreak ripped through the south. at least 23 people are confirmed dead in mississippi. another person was killed in alabama. dozens more injured and at least four others are still missing at this hour. in a statement, president biden said he has spoken to local and federal officials and is praying for the people who have lost loved ones. in the town of rolling fork, mississippi neighborhoods are simply decimated. many residents are just thankful to be alive. the unity.
the federal government is now stepping in to calm financial panic over the failure of two u.s. banks. the biden administration announcing it will extend a federal backstop to all the banks deposits. treasury officials push back on the idea this was a bailout saying the burden is not borne by the taxpayers. we ll hear from president biden moments from now. water everywhere, causing chaos across central california. warnings of intense sustained flooding in the days ahead. it s unimaginable. folks, we are not done yet. former vice president mike pence telling a crowd in washington that history will judge donald trump for his actions on january 6. probably not a message that will be terribly popular with republican-based voters. three women who live in texas are believed to be missing in mexico. we really haven t had any other incidents that i can recall. and the oscar goes to everything, where every, all at once. this year at the academy awards, the
of trump s role in the january 6th insurrection. and a new flood emergency in california threatens millions of skorm battered residents as the east coast braces for a powerful storm packing heavy rain, strong winds and possible blizzard conditions. welcome to our viewers in the united states and around the world, i m wolf blitzer. you re in the situation room. tonight, the biden administration is scrambling to respond to two of the biggest bank failures in history creating new peril for the economy and president and a lot of americans are worried right now. here s cnn s chief white house correspondent phil mattingly. the bottom line is this, americans can rest assured that our banks system is safe. reporter: president biden seeking to reassure a nation on edge. reporter: we put in place tough requirements on banks like silicon valley bank and signature bank. reporter: he also placed blame on his predecessor for contributing to this moment. unfortunately, the last
Friday s biggest analyst calls include Apple & Nvidia cnbc.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnbc.com Daily Mail and Mail on Sunday newspapers.