this is cnn breaking news. i m max foster joining you live from london. bianca is off for the day. we ve got breaking news to bring you at this hour. it is that essentially the second largest bank failure in american history has been announced. first republic taken over by the authorities late last night. and they have sold a large proportion of the assets to jpmorgan chase. thos those assets we re being told is just announced by the federal deposit insurance agency. that s the agency that ensures deposts for customers. this is the third bank to fail in two months. there s a relief other banks haven t failed. as you can see, the medium-size banks are struggling in the united states. there s concern that contagion may spread to other parts of the world. but so far, the authorities seem to be handling each one on a case-by-case basis. as i was aing, j.p. morningen will take over the assets, the deposits held with the bank. customer deposits are safe for now. authorities tryin
he went outside to see what was going on and then warned people inside. law enforcement and the fire department are now helping residents impacted by the storm damage. other crews are responding to reports of gas leaks. and this next video captures the moment an ef-2 tornado down in palm beach gardens, florida. the winds were so intense, they filmed a car multiple times on a highway. you can also see the funnel cloud and debris flying through the air. so far, though, no serious injuries have been reported. local officials have been assessing the damage across the region. amazing. now, key u.s. government rule that brought thousands of migrants from entering the country is about to expire. and cities on the border are getting ready for a potential wave. we ll hear in one border city mayor about the challenges that he s facing. plus, russia launches a new wave of strikes as ukraine prepares for a counteroffensive. we ll have all of the latest in
ask your doctor about entresto for heart failure. entrust your heart to entresto. the winter storm that we have been following has turned deadly unfortunately, the system creating a tornado down in central alabama killing at least one woman and injuring several others. hundreds of thousands of americans are without power across several states. more than 130,000 houses and businesses in tennessee are completely in the dark this morning. and it s not over. the bad weather is heading towards millions in the east coast where the travel nightmare will soon begin. so let s hand it over to our meteorologist adam klotz for our fox weather forecast. hey, adam. good morning, ainsley. as you said the storm has been progressing over the last two days. one more day left with it currently heavy showers stretching from the gulf coast up to maine where you are seeing at the time being very heavy snow. everything in the pink that is