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
particular financial institution and when we think about the broader financial system, we re very confident in the ability and the resubtle yens of the system and also the fact that we have the tools necessary to deal with ibss like what s happened at the silicon valley bank. experts i m talking to are hopeful that this is more of an isolated incident than a systemic one. most banks are not as exposed as this one to one single sector. major banks lend to not just tech company, but are retailers and factories and media companies. the chief economist told me he doesn t think this failure is a sign of broader trouble in banking. this system is as well capitalized as ever. let s hope so. the last thing we need is a series of bank failures. back to you. matt egan, thank you for that. turning to ukraine, where most of the power in the kharkiv region has been rerestore d aftr