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what happened? erica, this happened so fast. it s stunning. silicon valley bank shut down by california regulators after the stock crashed by 60% yesterday after the bank said it needed to rapidly raise cash. this is easily the biggest bank failure since washington mutual fell apart in 2008 during the financial crisis. silicon valley bank, if you haven t heard of it, it is a major lender to tech start-ups. the fdic says that depositors that have $250,000 or less, they are insured here. they will get their money. they will get access to their money as soon as monday morning. but we know that some people, some entities, some start-ups, they have more than $250,000, and it s less clear what s going to happen to them. how did this happen? well, when the fed spikes interest rates, things tend to break. we know that the fed rate hikes have hurt the valuation of the tech companies that this bank catered to, also has hurt the value of the bonds that banks rely on to get cash. ....
pineapple express, a story of survival. an 81-year-old man trapped for nearly a week in a snowdrift with just croissants and candy has now been rescued. i will speak with his grandson. 30 rounds of russian shelling targets energy facilities and at least seven regions across ukraine, cutting power and killing at least six people. we will have a live report. plus, the skies are getting even more unfriendly why punches flew on this southwest flight. live from cnn center, this is cnn newsroom we rosemary church. thanks for being with us. we begin in california, where the governor just declared a state of emergency in 21 more counties. that s 34 in total, as a new round of storms move in. authorities urge residents to get ready and be prepared for heavy rain and possible flooding over the coming hours. there are currently more than 17 million people under flood alerts across much of central and northern california, as well as parts of nevada. along with the heavy rain, ....
you are live in the cnn newsroom. we begin with breaking news here at cnn. former president jimmy carter, the 39th president of the united states is now receiving hospice care at his home. that s according to a statement we have just received from the carter center. let s go live to priscilla alvarez. she is live at the white house. what else do we know about his condition? reporter: we re hearing from the carter center that said after a series of short hospital stays jimmy carter decided to spend his remaining time at home with his family and receive hospice care instead of additional medical intervention. he has the full support of his family and medical team. jimmy carter is the oldest living president at 98 years old. he s kept a low profile since the coronavirus pandemic though he has spoken out about the rir risks to democracy. he and biden have a long-standing relationship going back to biden s days as a senator. and in 2021 carter did visit him and said the ....
ukrainian city of bakhmut. so, there is a lot of incoming and outgoing here. margaret: the acting head of the faa in the hot seat. can you just, right now, assure the american people that flying aircraft in the united states of america is still the safest way to travel? yes, sir. court documents show that fox news chairman rupert murdoch was worried his network went too far with 2020 election denial claims. margaret: and on this international women s day toni morrison, the nobel laureate, acclaimed novelist, and former princeton professor, was immortalized on a new forever stamp. margaret: good evening to our viewers in the west, and thank you for joining us. i m margaret brennan, in for norah. tonight, what the fda is saying about a nationwide shortage of adderall, and how it s impacting patients. plus, ahead of march madness, meet the rutgers player who traveled halfway around the world to live the american dream. but first, the f ....
string of derailments, primarily the derailment and toxic spill in east palestine, ohio, that s terrified residents. i want to begin today by expressing how deeply sorry i am for the impact this derailment has had on the residents of east palestine and the surrounding communities. i am determined to make this right. you have my personal commitment. norfolk southern will get the job done. this hour, an update on mitch mcconnell s health. the longest serving senate leader in either party hospitalized overnight after tripping at a private dinner in a d.c. hotel. tammy baldwin joins me to discuss her bill to legalize abortion rights across the nation, restoring the rights stripped away by the supreme court s dobbs decision. good day, everyone. i m andrea mitchell in washington. at a hearing today, senators in both parties are pressing norfolk southern s ceo to honor his company s commitments to the people of east palestine for months or years after the train derailmen ....