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ahead of the trading day on wall street, the u.s. government steps in to protect a failed bank, promising depositors they won t lose a penny. one film won everything, everywhere, all at once on this year s oscar awards. already-flooded parts of california bracing for yet another powerful storm. this is cnn newsroom with rosemary church. thanks for joining us. we begin in the united states where the biden administration is stepping in to contain the fallout from the sudden collapse of silicon valley bank. authorities say customers will have access to all their money starting monday morning. the president also promised to hold those responsible for the bank s failure fully accountable. he will speak about the issue in the coming hours. regulators also shot down another regional institution, signature bank, fearing it was also on the brink of collapse. cnn s arlette saenz has more. reporter: the biden administration took extraordinary steps sunday to ensure t ....
likely to go higher after opec plus announced it will cut oil production by a shocking 2 million barrels a day. dana: now the biden administration is walking an economic tight rope. if the economy heats it it could make the inflation worse. if it cools down the risk of a recession gets more likely. fox team coverage this morning. larry kudlow standing by with the big picture. let s go to edward lawrence at the white house breaking down the numbers for us. this was a very good jobs report and could be part of the problem. it will likely keep the federal reserve on course to have aggressive rate hikes at the next meeting the first week of november. the unemployment rate went down to 3.5% tying historic lows because more people dropped out of the workforce. now leading the way for job creation, leisure and hospitality adding back 83,000 jobs in september. the sector is 1.1 million jobs below february of 2020 levels. manufacturing added 22,000 jobs. president likes to s ....
in his son s scandals. sandra: september jobs report just out, which is now raising all sorts of new concerns about the direction of the u.s. economy. hello, welcome, everyone, sandra smith in new york. and trace, great to have you again. great to see you. i m trace gallagher in for john roberts. this is america reports. in a few minutes the president is set to make remarks on the economy at an auto plant in maryland. september jobs report shows a tightening labor market, unemployment unexpectedly falling to 3.5% from 3.7% after 57,000 workers dropped out of the labor force. meantime, 263,000 jobs were added last month, which is down from the 315,000 in august. sandra: and while the white house may be celebrating, the dow is tumbling, down 584 points with just a couple hours left in the trading day. we are watching that for you, still below 30,000, and with gas prices rising for 13 straight days now, and oil surging 14% this week alone, investors are growing mor ....
don t have to leave. brooke singman will tell us more. brooke: the ruling says president obama s administration did not have the authority to institute the daca program. the court will not discontinue it. the court s ruling does bar the united states from processing new daca applications. in 2012, the program gave migrants who came to the u.s. a temporary grace period from deportation and allowed them to apply for work permits while in the u.s. the court writing in our view, the defend antss have not shown there is likelihood they will succeed on merits. more than 600,000 immigrants in the u.s. on daca, who are called dreamers, can legally stay in the country. democratic lawmakers are stopping new daca applications. tweeting, the effort to deport young americans are creating chaos and fear for people who deserve so much better and house speaker nancy pelosi pointing out house s effort to give daca applicants u.s. citizenship. she said, maga republicans in the senate b ....
in the hands of smugglers run by cartels with no regard to human life. they take their phones away from them and they have no lifeline. a complete disregard for their safety as they are being transported even if you think of the pursuits we get in and the way they are thrown in vehicles and breaking out. it is a disregard. they aren t considered humans, they re considered money. bill: border patrol confirms at least 600,000 gotaways this past year. 160,000 of those in the del rio sector alone. those are just the ones they know about. griff jenkins, national correspondent live again in eagle pass, texas with more on his ex plusive ride along. what did you learn? good morning. before we even get there, here in the del rio sector in eagle pass where i am take a look. an extremely busy morning. you can see now what is the remnants of a group of more than 300 that came here. this is what is remaining. we counted as many as seven large white buses and waiting for more t ....