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way she has not before about her time in the white house, promoting her third book, the light we carry, which dives into how she has dealt with relationships, self doubt, and anxiety. the cnn primetime special, inside the madness, starts now. it is march madness in america. the brackets are set. the teams already. and tonight we sit down with the new man in charge. thank you for coming in and talking with us. charlie baker went from governor of massachusetts to leading the and see aa and dealing with all of its issues. you need to talk about acknowledging all of the issues and figuring out a way to actually solve and deal with them. here to break down the xs and os, 2 hall of fame coaches. an unbelievable group of players and coaches over these 47 years. nearly retired syracuse men s coach, jim boeheim, and former notre dame women s coach, moffatt mcgraw, along with a team of efforts. this is cnn primetime. inside the menace. good evening, i am ch ....
inflation. prices fell dramatically last month for manufacturers. of course, those costs passed down to consumers eventually. the flip side, there are still banking fears simmering, futures way down ahead of the opening bell, you can see there. what all of this means as we get another big decision coming, that is, the feds, whether it will raise interest rates again. plus this morning escalating tensions after an alarming encounter over the black sea, a russian fighter jet colliding with an unmanned u.s. drone. that $23 million aircraft then crashing into the sea and the race is now on to recover it. extreme life-threatening weather continues to hammer both coasts this morning. record rain, swamping california, heavy snow, 3 feet in some areas, burying the northeast. this morning nearly half a million people without power. we are going to get to all of that, but we do want to begin with the economy this morning, this new data that just dropped, cnn chief business ....
shook customers and investors alike. the question was, and really still is, would it also threaten the broader market and the banking system? so far the answer appears to be no. markets largely held steady closing the day mixed though shares in regional banks similar to the ones that failed did take a beating. joining us shortly former treasury secretary lawrence summers who accurately predicted the inflation to walk us through what he thinks of the federal response so far including this promise from the president. every american should feel confident their deposits will be there if and when they need them. in addition we have cnn s christine romans and phil mattingly on this tonight. we begin with christine. so is the threat of contagion in the financial markets, does that seem to have passed? these two banks in particular, they put a big ring around these banks and stopped the fire here and made essentially the depositors whole. these are people who would have t ....
two banks. both with deep ties to the tech industry. the collapse of fat silicon valley bank in the bay area and signature bank here in new york shook customers and investors alike. the question was, and really still as, what it also threaten the broader market in the banking system so so far, the answer appears to be no. markets largely held steady, closing the day mix shares in regional banks amongst the ones that failed to take a beating. joining shortly, lawrence summer, who actually predicted the current high insulation to walk us through the coming days and weeks and what he thinks about the federal response so far. including this promise from the president. every american should feel confident that their deposits will be there, if and when they need them. in addition to secretary summers, we have cnn s kristen romans and phil mattingly on this for us tonight. christine, on your money, and fill, on the white house response and what comes next. we begin with ch ....
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 at this year s oscar awards. plus already-flooded parts of california bracing for yet another powerful storm. live from cnn center, this is cnn newsroom with rosemary church. good to have you with us. we begin here 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 t ....