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inflation is up 6%. norah: president biden issues an executive order requiring more gun background checks. it is just common sense. check whether someone is a felon, domestic abuse or, before they buy a gun. norah: a safety warning for drivers of midsize suvs. the majority of midsize suvs we evaluated have a lot of work to do to improve safety for the rear seat position. nornd: pioneer, former congresswoman pat schroeder. i will never apologize for my tears. i say no tears, no heart. norah: good evening, and thank you for joining us on this tuesday night. tonight, a story making international headlines, the first known physical confrontations between u.s. and russian military forces since the war in ukraine began. a russian fighter jet round a $57 million u.s. drone, forcing it down. plus, a new harvard medical study shows how much a good night s sleep could add to your life span. but first, and intensifying nor easter is slamming new engla ....
plus this. and the oscar goes to navowni. that is well deserved as it gets. cnn s documentary on alexei navalny who is in prison in russia took home an oscar last night. the director will join us live to talk about this moment. what it means for alexei navalny, putin s jailed critic. we do begin, though, with the biden administration trying to prevent financial contagion after two banks failed back to back in the last three days. a live look now at the white house, where the president will speak this morning as the federal government takes emergency action. silicon valley bank collapsed on friday, it became the largest u.s. bank failure since the 2008 financial crisis. regulators also shut down signature bank based here in new york. we learned about that late last night. they said signature bank was on the brink of collapse and threatened the broader banking system. so at the direction of the president and the treasury secretary, the fdic is now stepping in. t ....
live in the cnn newsroom. we begin with a series of deadly storms have unleashed a massive flooding across the central and northern portions of the state. mandatory evacuations are underway where a levy breached earlier this morning. california national guard says this is just one of more than 50 rescues near the breached levee off the river. the 10th to strike california this winter. we are joined from monterey county. give us the latest. reporter: we learned a couple minutes ago there are more than 90 rescues in this tiny town, which is incredible just to see how concentrated the neighborhoods are and to know there were over 90 rescues in a few hours is amazing. we also learned local authorities are bringing engineers to figure out the best fix for the levy that has been breached. that is why we have this water all the way around us. around midnight the water came over a particularly vulnerable part of the levy and came to the lower point of gravity over here to the ....
of control the washington post is reporting that officials are safeguarding all uninsured deposits at ? valley bank this is a response of the government can t find a buyer for the failed bank and the treasury department has briefed lawmakers about the latest on the situation. they were the go to lender protect startups until the sudden collapse on friday. and what are we hearing from the bided administration about what s being done and what s being ruled out? the bided administration has been working trying to find a solution in the wake of a collapse a bank the treasury secretary said she has been speaking with regulators throughout the weekend and depositors and president biden spoke last night with the california governor gavin newsom about steps to address the situation. one big question is regarding the deposits at the bank for the time being the fcic insures deposits up to $250,000 leaving them to question what happens to those who have larger than that amount ....
of the collapse of silicon valley bank. treasury secretary janet yellin said she has been speaking with financial regulators the treasury department is also been hearing from depositors themselves bid for president biden gavin newsom about efforts regarding this california-based bank. but earlier today, one thing janet yellin did completely rule out is there be any large-scale bailout for this bank and the weight that was seen back in the 2008 financial crisis. let me be clear that during the financial crisis, there were investors and owners of systemic large banks that were bailed out. we are certainly not looking. the reforms that have been put in place means that we are not going to do that again. but we are concerned about depositors and are focused on trying to meet their needs. the fate of those depositors on the money that has been held at this bank is really one of the looming questions regarding this whole situation. the fdic only ensures up to $250,000, le ....