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welcome to our viewers in the united states and around the world. this is early start. we begin with global markets in turmoil in the wake of the failure of two major commercial banks, svb and signature bank in the united states. global markets, asian shares closed down sharply as investors fear further bank collapses to come. european stocks have been climbing though in the last few hours, a mixed performance now, but trying to find some footing this europe. and look at u.s. futures, they are up slightly. we ll try to make sense of all of this for you in a moment. one place you don t want your investment dollars right now, regional bank stocks. first republic shares first more than 60%. western alliance bank corp down 47%. driving the u.s. market overall, extreme fear. according to cnn business fear and groeed index. clare sebastian is joining us now. explain why u.s. futures are up again. yes, and there has been five straight down sessions, basically a week of los ....
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 thos ....
of trump s role in the january 6th insurrection. and a new flood emergency in california threatens millions of skorm battered residents as the east coast braces for a powerful storm packing heavy rain, strong winds and possible blizzard conditions. welcome to our viewers in the united states and around the world, i m wolf blitzer. you re in the situation room. tonight, the biden administration is scrambling to respond to two of the biggest bank failures in history creating new peril for the economy and president and a lot of americans are worried right now. here s cnn s chief white house correspondent phil mattingly. the bottom line is this, americans can rest assured that our banks system is safe. reporter: president biden seeking to reassure a nation on edge. reporter: we put in place tough requirements on banks like silicon valley bank and signature bank. reporter: he also placed blame on his predecessor for contributing to this moment. unfortunately, the ....
new numbers on the unprecedented number of migrants along the u.s./mexico border. i ll talk to an official from one border city about what s going on and what they need. and new audio into outfront of putin s forces turning on each other as there are reports of a strike on a military base deep inside russia. let s go outfront. good evening. i m sara sidner in for erin burnett. outfront tonight, worst winter storm ever. that s from new york officials describing this christmas weekend blizzard that pummelled areas upstate. and the death toll is rising, at least 27 deaths across the region now being blamed on the storm, surpassing the death toll from a historic blizzard 45 years ago. it was just a horrible situation, the worst storm i ve ever seen. it s the first time any of us can remember situations where we felt truly helpless. the blizzard burying buffalo and other parts of upstate new york under more than 4 feet of snow. and the region still bracing for ....
anita vogel. remember title 42, the supreme court weighs what comes next. those numbers are expected to surge if the policy is lifted. art del cueto says drugs and criminal cartels will explode as well. correspondent jeff paul. hi, jeff. anita, with title 42 set to expire last week, many went to the border hoping for a better chance to get in. but the supreme court announcing a hold until it hears the case, it s leaving thousands in the cold not knowing what to do next. we turned ourselves into immigration authorities, immigration expelled us because what they told us is that everything from central america is closed off. we are waiting for title 42 to be nullified. even with the frigid weather, the number is not slowing down. from friday to sunday, 16,476 encounters over the span of those three days. roughly 2100 were expelled under title 42, the remaining 14,000 were released. busiest sector was del rio, more than 4,000, followed by el paso, more than 3,000, and ....