kev kev quite a date here in the nation s capitol. good evening, trace. breaking tonight, investors in silicon valley bank have already taken legal action to recoup their losses after, of course, the bank collapsed on friday despite the class-action lawsuit and a volatile day on wall street. as you pointed out, the president wants americans to believe our financial institutions are, in fact, secure, while also being careful to not use the banking b word. bail out. no losses will be born by the taxpayers. instead, the money will come from the fees that banks pay into the deposit insurance fund. reporter: while the fdic insures bank deposits to a quarter of a million dollars, nine of 10 depositors of xeb had more than that amount in the bank. still, the administration says they ll be covered. nothing to worry about. that also includes customers of new york-based signature bank which also collapsed over the weekend. the third largest bank failure in american history. signatu
i m that s annoying but soft alarms on your smartphone. no. i mean one of those really obnoxious alarms that you might hear a few rows back on the plane. turn that off. but you can t turn this alarm off. and as much as we might all want to wish it away, it s clear with less than three weeks until the midterm elections, the forecast is doom and gloom. and maybe that s why president biden today gave not one, but two, speeches on the economy. families are hurting. you ve heard me say it before, but i get it. it s been a rough four or five years for the country, but a lot of folks here are still struggling. but there s some real bright spots. i get it. folks are still struggling. but one word you did not hear from president biden today, the word, recession. but he did admit a recession was a possibility during our interview last week. i don t think there will be a recession. if it is, it ll be a very slight recession. that is, we ll move down slightly. look, it s possib
the news continues, cnn with jake tapper starts now. welcome to cnn tonight i m jake tapper. tonight the economic alarms are blurring, and i don t mean one of those vaguely known but soft alarms on your smartphone. [noise] no, i mean one of those really have noxious alarms that you might hear if you are he s back on the turn that off. but you cannot turn this alarm off. and as much as you want to wish it away, it is clear that with less than three weeks after the midterm elections, the forecast is doom and gloom. that is why president biden today today gave not one but two speeches on the economy. families are hurting, you have heard me say it before, but i get it. it has been a rough for five years for the country. but a lot of folks here are still struggling, but there are bright spots. i get it, folks are still struggling, but one word that you did not hear from president biden today? the word recession. but he did admit a recession was a possibility during o
dozen tornadoes hit the south. the keng s daughter gone. lisa marie presley has died suddenly. what might be the biggest political crisis to the biden administration, a special counsel appointed in the document crisis scandal. welcome to our viewers in the united states and around the world. good morning, everyone. i m christine romans. we begin with dangerous and deadly storms tearing across the south. 35 tornadoes reported in alabama, kentucky and georgia. at least seven people have been killed. six of the deaths in alabama. the in georgia, a 5-year-old child died when a tree fell on top of a car. selma, alabama, one of the hardest hit areas, a confirmed ef-1 leaving a trail of destruction causing widespread damages to homes and businesses in the historic city. we at the tax office. lord, look at our vehicles. lord, we ain t worried about them. y all, we just thank god for this structure and the lord for blessing us. lord, we could have been gone, y all. we had
news that we have heard about marc short, that he s testified in the doj s probe. what does that signal to you about where the investigation stands? well, i mean, i look at it and it says obviously there is some interest. there was a lot of frustration, just kind of personally, for the last, i guess, year and a half, like what s doj doing? i think our investigation, though it is not a criminal investigation, certainly has brought some things to light that doj is watching, and it seems like between that and some of the search warrants that have been served and some of the other things we have seen that they are moving forward. look, i think it is important for the department of justice to get a handle on what the criminality of what happened is, and if there are crimes to prosecute them because we cannot live in a country where we send a message that a president is above the law as long as he fails at a coup attempt, but by the way, if he ever succeeds at a coup attempt, the