we ll today, ashleigh. good morning, you know, over the weekend, the government also shut down new york signature bank, so this action will apply to those customers as well. even uninsured depositors have been given the guarantee that their money will be returned in a joint statement by the treasury. federal reserve at f d. i c reads quote, depositors will have access to all of their money starting monday, march 13th no losses associated with the resolution of silicon valley bank will be worn by the taxpayer, the president said. that more will come today. president over the crisis. what s that? , access to all of their money starting monday march 13, what is that? we are expecting to hear from the president at 8:00 and all of this emergency action was a ripple effect. and also protect the payroll for companies with svp. may need recognize like fitbit , there is no consequences to their actions. treasury secretary janet yellen said a bank by little else was never on the
plun > money. how much snow will some areas get deady journey. at least eight people killed, more missing when their boat capsized off san diego. why authorities suspect human smugglers. former vice president mike pence takes a big swing at former president trump. one state urging people to avoid travel to all of mexico as spring break ramps up. should americans cancel their trips plus a young girl s song writing goes global. how musicians from around the world brought it to life this is nbc nightly news with kate snow good evening we start with a lot of breaking news. after a weekend of working in overdrive, the treasury secretary along with the fed and fdic just announce add nannounced a new plan, the goal to prevent more panic and failure of more banks. but at nearly the same time that statement came out there is yet another bank that has been forced to close, signature bank in new york city. the race against the clock this weekend was to find some sort of so
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.
cruise missiles. at this hour former trump lawyer michael cohen is before a manhattan grand jury investigating hush money payments made to stormy daniels. straight ahead what he told us as he enter had courthouse. and the assurance from president biden to americans worried about their money after the collapse of two big banks in a matter of days your deposits, he says, are safe our nbc reporters are here with the latest developments. and that s where we begin on wall street, where the markets have been up and down all day after the president tried to convince americans the collapse of those two banks is not a reason for alarm cnbc s senior markets correspondent bob pisani is at the stock exchange what s happening there well, there is some relief and there is some confusion, chris. there is relief because the government stepped in and essentially made all of the depositors at silicon valley whole by saying you re not going to lose a dime that was a great sigh of relief o
the president says everything is under control. will that convince average americans? and why didn t anyone see this coming plus, roughly 17 million people facing flood watches today. the vast majority of them where flooding has already wreaked havoc in parts of california the atmospheric referring dropping another half foot of rain and compounding misery for towns under water. will donald trump s future be decided on the campaign trail or in the courtroom. the former president heads to iowa as his former fixer, michael, cohen, heads into a meeting with a new york grand jury we start with the question americans all over the country are asking, is my money safe the federal reserve and the president himself telling them the answer is yes. right now the dow is roughly flat following the collapse of two banks in recent days with several others suddenly on shaky ground in fact, some regional banks have lost 60, 70, even 80% of their value. carol lee is covering the white hou