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racing to protect the flooded town where thousands had to evacuate plus, president biden hours away to sign an order reducing gun violence we will talk to brandon tsay, the man that disarmed the gunman former president trump in iowa tears into florida governor, ron desantis we will play for you what he had to say we begin this hour with breaking news. the wall street journal now reporting that the justice department and the sec are now both investigating the collapse of silicon valley bank according to people familiar with this story. nbc news has not confirmed the report at this time. meanwhile, new data we just got in hours ago show that inflation increased 0.4 of a percent last night, and prices for key essentials are high. milk, eggs, butter, chicken and coffee cost more today than they did last year. the report coming one day after the government took emergency steps to prevent a major banking meltdown after the collapse of these two major banks. president ....
top of the hour now on cnn newsroom. i m john berman. this morning president biden reassuring americans that the u.s. banking system remains safe. this despite the failure of two significant banks within 48 hours. silicon valley bank and signature bank have now been taken over by federal regulators. all customers who had deposits in these banks can rest assured. rest assured they ll be protected 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. no losses this is an important point. no losses will be borne by the taxpayers. the president emphasized the customers will be fully protected while the bank s managers and investors will be held accountable. he also outlined the emergency measures his administration took to protect the bank s customers. cnn s priscilla alvarez is with us. look, a lot of this is trying to ease the an ....
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 ....
congressman burgess owen sure does. coming up, what he says still doesn t add up. today we take a close look at that document timeline. if the white house knew about all of this back in early november, why did it take 68 days for the res of the world to find out the rest of the world to find out? this saturday morning we are about to dig in. welcome, everybody. i m neil cavuto, and happy weekend to you. so much to follow this particular weekend. the focus on, well, what s going on in delaware. but not at the president s home there, his rehoe both vacation home, that s where he is, the one without documents, we think. to lucas tomlinson at prime minister s weekday home president s weekday home, the white house, where we know things are getting heated. reporter: good morning, neil. st been over 10 days since the new republican chairman of the house intelligence committee wrote to president biden s head of, director of national intelligence asking for damage control ....
welcome. i m neil cavuto. so much to get to. let s get to the border in eagle pass. that s where we find griff jenkins. hi, griff. good afternoon, neil. if vice president harris would come one day every day, we would get these big groups here in the eagle pass area. it s been going on for months. let s take you to some drone footage that we shot this morning. they arrived like clock work. this group had 340 migrants in it from peru, venezuela, columbia, cuba and places as far as sri lanka. we spoke to a man from sri lanka. take a listen. why are you here? we want to live here. we like the u.s. and do you have any message for president biden? we thank him for accepting us for living here. as you continue to look at the waves of migrants that have been coming every day i ve been here now for 11 days, neil, there s over 15,000 migrants encountered in just this area. we spoke to one of the landowners. she s a pecan orchard where migrants come by every day. she s ....