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 to ensu
just ahead on cnn newsroom what we re living in today is a very traditional run. making sure people can make payrolls and making sure depositors can taken care of. is that what you want for families and jobs? cnn meteorologists predicting more for california, unleashing heavy rain and snow once again. from london, this is cnn newsroom, with max foster and bianca nobilo. it is monday, march the 13th. 8 4:00 amy in washington, d.c., and president biden is promising all customers will have access to their money starting today. mr. biden also promising to hold the banks fully accountable. here in america, hsbc has announced buying the treasury bank. and janet yell assured americans they will make sure this doesn t happen to another bank. we want to make sure that the shortfalls that exist in one bank don t create contagion to others that are sound. and the goal always of supervision and regulation is to make sure that contagion can t can t occur. now,
of california, the site of at least three deadly mass shootings in as many days. monterey park and on monday in oak land the coastal city of half moon bay. police in san man county say the suspected half moon bay attacked two different locations one of which is a mushroom farm. the farm s owners say the event has left them shaken and they don t know the suspected shooter. police took 67-year-old can chow am i custody and found a handgun in his vehicle nearby, here with the san mon tao out sheriff speaking on monday at 4:40 p.m. z hou was located in his vehicle in the parking lot of the sheriff s substation in half moon bay by a sheriff s deputy, shou was taken into custody without incident and a semi automatic was located in his vehicle, he s believed to have acted alone and there s no further threat to this community. joining me now is august howell a writer at the half moon bay review, thank you so much for talking with us. sue three mass shootings in as many days in
we begin in the u.s. state of california where a pair of new shootings have claimed the lives of at least seven people. that comes just days after 11 people died in a mass shooting further south in monterey park. monday s rampage took place in the coastal city of half moon bay, where authorities say the shooter opened fire into different locations. flea two miles apart. another victim was critically injured in the attacks. police took 67-year-old generally sow into custody, and they say they found a handgun in his vehicle close by. well, now they are trying to figure out a motive. here was the san mateo county sheriff speaking on monday. at 4:40 pm, sow was located in his vehicle in the parking lot of the sheriffs substation here in half moon bay. by a sheriff s deputy. cao was taken into custody without incident. and a semiautomatic handgun was located in his vehicle. cao is believed to have acted alone. and there is no further threat to this community. cnn s camila bern
well. reports of people pulling their money out of other comparable, mid to large-sized regional banks that didn t necessarily exhibit any signs of stress prior to all of this. it s this sort of contagion, this financial panic contagion, which is why, precisely why the administration and the federal reserve were keen on making sure that they stopped the panic here before it spread to other financial institutions. investors seem to be reassured by what they re hearing from washington. we re looking at the futures. there you see the dow futures up more than 1%. the nasdaq futures adding nearly 2%. we ll keep a close eye on those numbers. another atmospheric river is expected to hit the u.s. state of california in the coming hours, just days after parts of the central coast were battered by storms and flooding. but there is a silver lining. after months of drought,