shook customers and investors alike. the question was, and really still is, would it also threaten the broader market and the banking system? so far the answer appears to be no. markets largely held steady closing the day mixed though shares in regional banks similar to the ones that failed did take a beating. joining us shortly former treasury secretary lawrence summers who accurately predicted the inflation to walk us through what he thinks of the federal response so far including this promise from the president. every american should feel confident their deposits will be there if and when they need them. in addition we have cnn s christine romans and phil mattingly on this tonight. we begin with christine. so is the threat of contagion in the financial markets, does that seem to have passed? these two banks in particular, they put a big ring around these banks and stopped the fire here and made essentially the depositors whole. these are people who would have to go a
two banks. both with deep ties to the tech industry. the collapse of fat silicon valley bank in the bay area and signature bank here in new york shook customers and investors alike. the question was, and really still as, what it also threaten the broader market in the banking system so so far, the answer appears to be no. markets largely held steady, closing the day mix shares in regional banks amongst the ones that failed to take a beating. joining shortly, lawrence summer, who actually predicted the current high insulation to walk us through the coming days and weeks and what he thinks about the federal response so far. including this promise from the president. every american should feel confident that their deposits will be there, if and when they need them. in addition to secretary summers, we have cnn s kristen romans and phil mattingly on this for us tonight. christine, on your money, and fill, on the white house response and what comes next. we begin with christin
one system could leave a foot or more of snow in parts of the northeast, while another atmospheric river is set to dump rain on already flooded parts of california. plus, after the biggest u.s. bank failure since 2008, regional banks fear a broader financial crisis as their stocks tumble. , and former president trump in iowa taking swings at gop rivals just days away from a potential criminal indictment. good to have you with us, we ll, from coast to coast major storm systems are set to pummel california and the u.s. northeast. out west, the golden state was already dealing with major flooding. some 30 million people across california are under flood watches. and, on the other side of the country, a major is expected to cover new england and parts of new york in snow. millions of people in cities like boston, syracuse and portland, maine, we re under winter alerts ahead of the storm. and days ago u.s. president joe biden declared a set emergency in more than 30 california c
In china, there has been a massive amount of flooding. That woman caught in that rage g ing river for four hours. No way. She was being swept away. She was being swept away. She was knocked out. When she woke up, there was a piece of wood underneath her keeping her afloat. You could see her in the water with all that debris. She told local media, hey, i had to keep hanging on. I have two children. Local residents jumped into action. There you can see them throwing life rings in the water. She was so weak at this point, she went further down the river where the water you can see here, are calmer, where a smaller boat was able to pick her up. My brain cannot comprehend how terrifying that must have been for four hours. Think about the luck involved in that. She was knocked out, able to maintain, keep floating because of a piece of wood that happens to be underneath her. Not the only person swept away in china. Here you can see locals trying to help a soldier out. That soldier swept away
People were in the car thats now at the bottom of the river. The now cincinnatis tj parker joins us live with the latest information. T. J. . Campbell county dispatchers received several frantic calls from drivers some who saw a car get hit and fall off that bridge and into the ohio river. Right now Officials Say the river is to dangerous for search crews to go in to get the car and look for whoever may have gone off with it. Several concerned drivers who were stuck in traffic as the interstate was closed called dispatchers saying they saw a red suv flip over the side of the bridge and into the water. Now police have an idea where the car is but theyre cant confirm what type of car it is or if anyone was inside. Campbell county police say it all happened after a series of crashes tuesday afternoon. 911 calls depict a horrifying scene for drivers who saw what happened. And a red suv fell into the river, i watched it, it went over the bridge into the river, i dont know how many people it