world. ahead on cnn newsroom, all eyes are on the sky. we re tracking the suspected chinese spy balloon flying across the united states. we ll have a live report on what the chinese are say ing about this incident. officials are advising people to stay indoors. if you go outdoors, be advised that exposed skin can get frostbite in as little as a few minutes. more than 20 million americans for impact from what wou could be the biggest cold snap of the season with windchills in new hampshire reaching negative 100 degrees fahrenheit. president biden previewing his platform for a possible 2024 reelection bid. this as the u.s. releases a blockbuster jobs number report. the u.s. military believes a suspected chinese supply balloon will finally leave u.s. air space in a couple days, or it could be sooner. some weather models show the winds pushing it out over the atlantic as early as today. the pentagon has been close let tracking the large object and concluded it s carrying a
silicon valley bank collapsed on friday, and the government of the state of new york shut down signature bank last night, claiming signature was on the verge of collapse. the federal government has since taken over that bank. president biden rushed out to the cameras this morning before the markets could open to try to calm the american people. he insisted there s no need for the public to worry, that their money is safe and the economy will not suffer. america can have confidence that the banking system is safe. your deposits will be there when you need them. every american should feel confident their deposits will be there if and when they need them. let me also assure you we will not stop at this. we ll do whatever is needed. the concern now is whether this was just the first part of a larger financial crisis and whether other banks or the markets will take a major hit in the coming days and the move by the biden administration to guarantee that the funds in those fail
jake. it is unfounded. for several reasons. firstly, the banking sector overall is much better capitalized than it was in 2008. there have been huge changes. a full-scale banking meltdown crisis, is it possible? maybe. is it likely? absolutely not, so the experts say. i was talking to one such expert here in israel where i am. the tech sector which has been so badly hit by all of this. i spoke to the venture capitalist of the viola group. he said it s not a system at risk, but when it comes to runs on banks, today they can be much faster than you think. run on the bank of the world of internet is very quick. but i do believe it s an isolated, specific event. i don t think it will have huge impact. this is not 2008. reporter: putting that into wider view, it s certainly going to hit the technology sector because tech borrowed from these institutions, but the speed at which the regulators moved shoring up the depositor savings making it clear investors won t be bailed out.
from a historic visit by the house speaker nancy pelosi prompting threats of fierce retaliation out of beijing. good morning. it is tuesday. dana has the day off today. i m bill hemmer. welcome back, sandra. good morning. glad to be with you. i m sandra smith. this is america s newsroom. those chinese fighter jets buzzing taiwan airspace amid local reporting now the speaker could be arriving there in a matter of hours. bill: she would be the highest ranking u.s. official to be in that island in 25 years. china sees it as a slap in the face saying the u.s. should not support a country that beijing views as a breakaway province. the white house has not confirmed her trip but maintains it will not be intimidated. here is what nfc spokesperson john kirby said just this morning. we gave her advice and counsel and gave her information and we re helping with her transportation. this is her decision and we support and respect that decision. what we have said is there is no
Todd fox weather alert. Florida and georgia expected to face severe flood resque today. Live to pensacola, florida, it is coming down there. That is florida. Louisiana, storms ripping through the state, two dead and one hurt arcfter a tree fell on mobile home there. Carley take a look at this massive tornado touching down on a golf course in missouri. Up north, Wildfire Smoke from canadian filling the skies over upper midwest. This is time lapse of smoke blank blanketing Minneapolis Skyline and claiming the worst air quality in the country. You are watching fox and friends first, im carley shimkus. Todd im todd piro. Lets get to meteorologist adam klotz. Adam these areas have been getting hit round after round lately. Big thunderstorms moving across the gulf coast. Isolated tornados overnight indicating something going on across the gulf coast. Red are tornados weve seen over the last 24 hours. Tornado watch for panama city, tallahassee, chip ly until 9 00 a. M. This morning. Ing ingre