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Transcripts for CNN CNN This Morning 20240604 11:27:00

all depositors above 250,000 like they did for these two failed banks. look i think the communications yesterday was unfortunate. i hope it gets cleaned up very, very quickly. my own belief is having paid 100 cents on the dollar for the depositors at silicon valley bank and signature bank. they re going to continue doing that. maybe it s not a blanket guarantee, but it will be on a case by case basis. but every single case we ll get that treatment. you can t give money to these people in silicon valley and then have a bank in the midwest run into problems and not ensure their deposits to they re going to do it. but whatever they say quite a pickle there, and you can t pick winners and losers. um, but, yeah, i think that needs to be cleaned up right away for the american people, jason, thanks very much. thank you. also this morning in california, a rare tornado ripped through the los angeles area. it s the strongest that they ve seen in 40 years. we re going to take you there.

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