hello, everyone. welcome to cnn newsroom. and i m john berman. victor is off this froop. and we begin with president biden s dramatic overnight move to dparnguarantee the money is e bank. this comes after the failure of two banks. today the president announced regulators are taking them over, but unlike what was seen in 2008 the u.s. will cover only bank customers not bank investors. all customers who had deposits in these banks can rest assured that we protect it, and they ll have access to their money as of today. that includes small businesses across the country that bank there and need to make payroll, pay their bills and stay open for business. investors in the banks will not be protected. they knowingly took a risk, and when the risk didn t pay off, investors lose their money. that s how capitalism works. svb s small businesses are thankthal for president biden s decision. i am quite relieved from what i heard from president biden. i think the administration h
tornados tear through texas and louisiana, right now more than 60 million people are still under the threat of severe storms. ammunition on the agenda today. president biden meeting the german chancellor and sending more firepower to ukraine. it is friday, welcome to our viewers in the united states and around the world. i m christine romans. just hours from now, tau alex murdaugh will stand in a courtroom to learn his fate. a judge will issentence him for murdering his own wife and son. guilty verdict. verdict guilty. verdict guilty. verdict guilty. the jury heard six weeks of testimony but took less than three hours to convict him. murdaugh now facing a possible 30 years behind bars. justice was done today. it doesn t matter who your family is, it doesn t matter how much money you have or people think you have. it doesn t matter what you think how prominent you are, if you do wrong, if you break the law, if you murder, then justice will be done in south carolina.
this incident was heinous, reckless, and inhumane and in the vain of transparency, when the video is released in the coming days you will see this for yourselves. i expect you to feel outraged in the disregard of basic human rights as our police officers have taken an oath to do the opp opposite of what transpired on the video. good morning we re glad you could join us, i m live in memphis. poppy is in new york. and kaitlan is on assignment. any day now the video of the beating that led to tyre nichols death will be released. we re live on the ground for you. look again, the national archives weighing whether to ask former presidents and vice presidents to check for any classified documents. what four presidents told cnn. plus this. the administrator down played the report from the teacher and the possibility of a gun saying, and i quote, well, he has little pockets. this is outrageous. more questions this morning about the 6-year-old who shot this shot his teacher.
time, they are going to ensure all deposits, even those over $250,000 limit. investors will have insulation of the federal government, that is problematic. todd: alexandria hoff will break it down. regulators have waved the limit for depositors and know did the same for signature bank, which was shut down over the weekend. silicon bank, many assets were uninsured, it will prevent a run on banks and companies that bank with svb can make payroll. pinterest and zip recruiter, just to name a few. fdic reads, depositors will have access to their money starting monday, march 13th. no losses will be born by the taxpayer. the president is preparing additional comment. what about the banking crisis? president biden: tomorrow morning talk to you tomorrow morning. the president is set to deliver remarks at 8 a.m. eastern time. a bank bailout was never on the table, said janet yellen. there were investors and owners of systemic large banks that were bailed out and we re cer
australian scientists launch a campaign to find it. and we take a journey through david hockney s imagination, as he describes his new immersive exhibition. hello and welcome. within the past couple of hours, the us house select committee investigating the january 6 attack on the capitol has released its full report. the report runs to almost 850 pages and is the culmination of the committee s investigation over more than a year and half, including more than 1,000 interviews. it was looking into donald trump s actions on the day the house was stormed. vinoo varghese is a wall street criminal defence attorney, former prosecutor and visiting faculty at harvard law school. he s been giving me his reaction to the full report publication. what you have here is unfortunately a situation where not much is going to come of this. this is sort of the democrats on their way out, there last hurrah. not disputing the validity of the things that they found, unfortunately, there is no real