day on wall street, the u.s. government steps in to protect a failed bank, promising depositors they won t lose a penny. one film won everything everywhere all at once at this year s oscar awards. plus already-flooded parts of california bracing for yet another powerful storm. live from cnn center, this is cnn newsroom with rosemary church. good to have you with us. we begin here in the united states where the biden administration is stepping in to contain the fallout from the sudden collapse of silicon valley bank. authorities say customers will have access to all their money starting monday morning. the president also promised to hold those responsible for the bank s failure fully accountable. he will speak about the issue in the coming hours. regulators also shot down another regional institution, signature bank, fearing it was also on the brink of collapse. cnn s arlette saenz has more. reporter: the biden administration took extraordinary steps sunday to ensu
and are earning more than ever before. let s start with oil prices, because they ve risen some 20% over the past three weeks. this time last week, prices surged after the oil cartel, opec +, decided it would reduce its combined output by 1.1 million barrels per day. crude prices climbed after the cartel s announcement, but later in the week they steadied, following the latest us and chinese economic data which suggested weaker post pandemic growth. so where are we headed? russ mould, investment research director at aj bell joins me now. i m very excited about this. you are down by the seaside in brighton but actually here today. on the bank holiday we dragged you in. what are your thoughts about oil right now? opec + is seen as this organisation by the white house is not especially helpful when it comes to our outlook for the global economy, cutting production and causing another spike in the price of oil which is very inflationary? it spike in the price of oil which is very
missing in mexico after crossing the border more than two weeks ago. what we know about the case. plus, former vice president mike pence not mincing words. his harshest statements yet about president trump s role on january 6th and the republicans now trying to downplay the capitol attack. i ve been doing this a long time and have to say donie o sullivan is probably best in the business. incredible. very kind of him to say that. should be honored, really. but anderson didn t say that sthe online could be almost anyone s voice and real concerns its raising, coming up on cnn this morning. we begin with a break in the storm center battering california moved out of the northern and central parts of the state for now but leaving in its wake flooded towns washed out roads and thousands out of their homes. in monterey county the river is surging after relentless rain and the levee couldn t keep up. it probably early saturday morning sending floodwaters into the small
he said that california has one of the toughest gun laws in the country, but that the status quo was simply not working and i think that really cuts to the heart of the situation. as we have, time and time again on his conversations but we fall short every time and we keep seeing more and more mass shootings. we are going to continue the conversation, thank you so much for all of your coverage. over the past come our. we want to continue that right now by going back to monterey park for nga, and in that brief ten others wounded kathy park joins us now live from the scene. kathy, lots to break down for what we have heard from the last hour. give me some of the major takeaways in terms of how this particular incident has come to a conclusion with the suspect being identified in self inflicted gunshot wound in that white van. yeah, ayman, it s important to note that they re saying there is no longer a threat at this time. the suspect connected to this mass shooting has been