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world. the president trying to reassure americans that their deposits are safe while making sure to blame republicans. thanks for the quick action of my administration over the past few days americans can have confidence the banking system is safe. when no losses will be borne by the taxpayers. during the obama-biden administration we put in place top requirements on banks. unfortunately the last administration rolled back these requirements. what do you know about why this happened and can you assure americans there won t be a ripple effect? should all depositors be productive at all banks? dana: present getting praise from jen psaki. it s important to note president biden does nothing at 9:00 a.m. he is a night owl. the fact that he s doing this at 9:00 a.m. anyway speaks to how vital the white house recognizes it is for have his voice out there. conveying back to the american public. dana: banks facing criticism for being more focused on the green agenda ....
come up. it s going to to be bright all evening long. and today s faith and friends concert series we have the house fires here live. they ve been practicing, and it was beautiful. absolutely. rachel: yeah. we love having all this great music here on the weekends. we re not jealous of the week days anymore, now we have our music. pete: just co-opted it for six weeks. they are setting the house on fire here, it s a wake-up call. rachel: it s i awesome. there s so much energy in the green room. we can t wait to bring them out later in the show. joey: they sound so great. you go to concerts, that doesn t sound quite as good as the radio. that was beautiful. pete: very, very well cone. well done. we re one hour into a four-hour tour, one hour behind where we were yesterday. so you do the math of what that all means, i don t know. we re going to start with this, at least two people are kid in california dead in california as major flooding devastates entire communities. ....
threatening to destroy them. classified documents found at former vice president pence s home. washington wonders who s next. welcome to our viewers here in the united states and around the world. i m christine romans. good morning. we begin with a wave of reported tornadoes, more than a dozen of them, wreaking havoc across southwest texas and southeast louisiana. oh, my god. in the suburbs east of houston, only one injury reported, remarkably. but officials are calling the damage catastrophic. house is gone so the whole top section of the house is completely ruined. so it s toast. the house will be torn down now. kind of hard to take but, hey, we re alive. that s the main thing. we all ran to the restrooms and just watched the whole building fall. luckily the restrooms didn t fall. that was the only thing that kept us alive. reporter: numerous cars and tractor trailers overturned. buildings smashed. roofs torn off. one nursing home had to be evacuated and ....
responsible completely. welcome to fox fox news live, i m eric shawn. hey, arthel. arthel: hello, everyone, i m arthel neville. new questions today about what led to this e epic collapse. in 48 hours, the go-to bank for tech start-ups and small businesses went belly up. the fdic, which insures bank deposits up to $250,000, says customers will have access to their money by tomorrow morning. here s secretary yellen earlier today. what i do want to do is emphasize that the american banking system is really safe and well capitalized. it s resilient. during the financial crisis, there were investors and owners of systemic large banks that were bailed out. we re not going to do that again. eric: well, is this going to cause a meltdown the on wall street and elsewhere? nate foy is here following other breaking news. reporter: in her remarks this morning, secretary yellen kid the not say how regulators plan to help depositors, only that they will. and she assured that the ....
it be? billionaire if investor bill ackman tweeted last night, sillen con valley bank customers will get around 50% monday/tuesday, and the balance realized over the next 3-6 months. if this proves true, i d expect bank runs monday morning. no company will take even a tiny chance of losing a dollar of deposits as there s no reward for this risk. after the systemwide fdic system deposit guarantee, more bank runs begin monday a.m. a whole lot of officials including treasury secretary janet yellen are trying to calm fear today. she points out it s highly unlikely, take a listen. the american banking system is really safe and well capitalized. it s resilient. we want to make sure that the troubles that that exist at one bank don t create contagion to others that are sound. svb s one of the top 20 commercial banks in the country with over $200 billion in assets. current customers include shopify, etsy, fitbit, roku and ziprecruiter. here s house speaker ken mccarthy on ....