government is stepping in to calm the failure two of u.s. banks. everyone that had money in sign silicon valley bank and signature bank will have money. the president is going to address the public about it. oscars, stealing the show, best picturor, best actress, best supporting actor and best supporting actress. also overnight, saber-rattling once against from north korea with a missile test launched from a submarine. the u.s. and south korea begin joint military exercises. you know this name. michael cohen. set to testify in a case that could lead to criminal charges against donald trump. cohen expected to appear before a mat nhattan grand jury. he s been making hush payments to stormy daniels. and get this march madness your march madness bracket is set for the ncaa tournament. the one seeded, kansas, purdue, alabama, something like that never heard of them. cnn this morning starts right now. i can tell you, i was in washington this weekend. the collapse of
any moment now, president biden will address the nation from that podium right there amid concerning questions about potential contagion in the u.s. banking sector. what does that mean for your money? a very good monday morning to you. i m jim sciutto. and i m erica hill. president biden expected to try to calm fears in a matter of moments when he does make his way to that podium, this amid the failure of two u.s. banks. we re talking about silicon valley bank, which you ve heard a lot of this weekend, as well as signature bank. the biden administration is taking emergency action here and there is the president. let s listen in. for california. i want to briefly speak about what s happening to silicon valley bank and signature bank. today, thanks to the quick action of my administration over the past few days, americans can have confidence that the banking system is safe. your deposits will be there when you need them. small businesses across the country that deposit ac
saturation event. legal jeopardy? former president trump stumped in iowa with his former victor set to talk to prosecutors about their hush money investigation. plus roman catholics mark a milestone. it s been ten historic years since francis became pope. and later, they are on the frontline in ukraine s fight to preserve its culture. why the show goes on, despite russia s war. why is it so important to step in? translator: we want the world to see that ukraine also has its own incredible culture. announcer: this is the cbs weekend news from new york with gent duncan. the debate over the collapse of the silicon valley bank intensified hours after markets opened worldwide, and as companies braced for payroll challenges on monday. biden administration officials expressed confidence that the u.s. financial system remains safe skpp sound and that depositers should not be worried about losing their money. skylar henry is at the white house tonight with the latest.
live in the cnn newsroom. we begin with a series of deadly storms have unleashed a massive flooding across the central and northern portions of the state. mandatory evacuations are underway where a levy breached earlier this morning. california national guard says this is just one of more than 50 rescues near the breached levee off the river. the 10th to strike california this winter. we are joined from monterey county. give us the latest. reporter: we learned a couple minutes ago there are more than 90 rescues in this tiny town, which is incredible just to see how concentrated the neighborhoods are and to know there were over 90 rescues in a few hours is amazing. we also learned local authorities are bringing engineers to figure out the best fix for the levy that has been breached. that is why we have this water all the way around us. around midnight the water came over a particularly vulnerable part of the levy and came to the lower point of gravity over here to the middle
saturation event. legal jeopardy? former president trump stumped in iowa with his former victor set to talk to prosecutors about their hush money investigation. plus roman catholics mark a milestone. it s been ten historic years since francis became pope. and later, they are on the frontline in ukraine s fight to preserve its culture. why the show goes on, despite russia s war. why is it so important to step in? translator: we want the world to see that ukraine also has its own incredible culture. announcer: this is the cbs weekend news from new york with gent duncan. the debate over the collapse of the silicon valley bank intensified hours after markets opened worldwide, and as