oscars the movie making history on hollywood s biggest night. announcer: this is nbc nightly news with lester holt good evening, everyone president biden was up early in front of the cameras before the markets opened this morning in a move to calm jitters following a pair of bank collapses. mr. biden declaring the banking system is safe and telling customers your deposits will be there when you need them new york s signature bank following silicon valley bank down the road to collapse over the weekend. those banks are tonight in the hands of regulators. in addition to telling folks their money is safe, the president today called on congress and banking regulators to strengthen banking rules to prevent such failures in the future the government reassurance appeared to go a long way toward easing nerves on wall street however, concerns remain over whether it s all over. nbc s jake ward has much more. reporter: with two u.s. banks being forced into closure in recent days
not testify about hush money payments to an adult film star. it comes as his former fixer, michael cohen, does appear before the grand jury. our nbc news exclusive. uk prime minister rishi sunak. his first u.s. broadcast interview since taking office as he joins president biden and australia s leader to announce a nuclear submarine deal. his tough words for china, calling it a systemic challenge to the world order. what he thinks about the origins of covid and what s his relationship like with king charles? and winning everything at the oscars. the movie making history on hollywood s biggest night. announcer: this is nbc nightly news with lester holt. good evening, everyone. president biden was up early in front of the cameras before the markets opened this morning in a move to calm jitters following a pair of bank collapses. mr. biden declaring the banking system is safe and telling customers your deposits will be there when you need them. new york s signature bank
taking place in africa and there have been for decades. we have the terrorist threat that is always with us, but added to that we have the state threat of states taking action against people in this country. a whole range of threats, quite aside from climate change and other things we could talk about, and that is exactly why you need a government thatis exactly why you need a government that is thinking very carefully, how do we enhance our security, keep our alliances are strong, work with friends and partners, strengthen our defences against terrorism, make sure our defence budget is capable of doing all the things we need it to do. and i think one of the reasons i came back into government as i look at rishi sunak is a very strong capable leader, not only capable because he has a huge brain but capable because he has the right values. ~ ., , ., values. would it help, given how dangerous values. would it help, given how dangerous the values. would it help, given how dangerous th
minister sunak leads the uk into an even closer military alliance with the u.s. and australia. as concerns grow over china. is china a threat? china represents the biggest state threat to our economic interests for sure. and is a systemic challenge for the world order. now, that s why it s important we take steps to protect ourselves against that. reporter: alarms raised recently over that chinese spy balloon. what kind of signal did the balloon that overflew the u.s. send? the balloon incident here was an example of that behavior i talked about which is concerning. whether it s the balloon incident, whether it s how china is behaving in the south china seas. those are all examples of a regime that is acting in a way that is not aligned with the values that we share between the u.s., the uk, australia and other allies. reporter: and china
the world love to be be able to get deep into peoples lives and if you don t give them sufficient oversight and they think they are acting secretly, they will have an incredible temptation to abuse the technology and i think what we see in these revelations is that police forces clearly appease the technology among the list of targets that we saw from reporting on israel which is a disability rights group. not exactly a state threat. good point. the nso group would look on pegasus as a great commercial success story and they ve done extremely well, but what are they saying? anything about the allegations? like so many big tech stories it s risen high and then comes crashing down and is wrecking democracy along the way. i think we ve seen it before and so for years this has pitched itself as selling stuff to combat terrorists or go after paedophiles but in truth what we ve learned year after year is the technology gets used for human rights