oscars the movie making history on hollywood s biggest night. announcer: this is nbc nightly news with lester holt good evening, everyone president biden was up early in front of the cameras before the markets opened this morning in a move to calm jitters following a pair of bank collapses. mr. biden declaring the banking system is safe and telling customers your deposits will be there when you need them new york s signature bank following silicon valley bank down the road to collapse over the weekend. those banks are tonight in the hands of regulators. in addition to telling folks their money is safe, the president today called on congress and banking regulators to strengthen banking rules to prevent such failures in the future the government reassurance appeared to go a long way toward easing nerves on wall street however, concerns remain over whether it s all over. nbc s jake ward has much more. reporter: with two u.s. banks being forced into closure in recent days
not testify about hush money payments to an adult film star. it comes as his former fixer, michael cohen, does appear before the grand jury. our nbc news exclusive. uk prime minister rishi sunak. his first u.s. broadcast interview since taking office as he joins president biden and australia s leader to announce a nuclear submarine deal. his tough words for china, calling it a systemic challenge to the world order. what he thinks about the origins of covid and what s his relationship like with king charles? and winning everything at the oscars. the movie making history on hollywood s biggest night. announcer: this is nbc nightly news with lester holt. good evening, everyone. president biden was up early in front of the cameras before the markets opened this morning in a move to calm jitters following a pair of bank collapses. mr. biden declaring the banking system is safe and telling customers your deposits will be there when you need them. new york s signature bank
Happening in Southern California here for the next couple hours. Theres still reports of damage coming in. Julie banderas has that and all of the days news as we take a live look at washington d. C. Ahead of the big celebration. We begin with breaking news. An earthquake rattling Southern California and parts of nevada this afternoon. Im Julie Banderas in for shepard smith. Happy fourth to you. Emergency crews saying theyre getting dozens of calls ranging from reports of injuries to fires. Officials with the national Gee Logic Survey say it lasted about 60 seconds. Listen. I can feel it shaking. It was intense. Take a look at this video
from a liquor store in ridge crest. This is the first of many videos youll see pouring in today. This is near the epicenter. You can see the broken bottles on the floor. The shelves there rattled inten intensely. Anita vogel is reporting live with more. Julie, thats right, the earthquake struck at 10 33 local time in los angeles near the city of ridge c