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day on wall street, the u.s. government steps in to protect a failed bank, promising depositors they wont lose a penny. one film won everything everywhere all at once at this years 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...

message from democratic leaders to allies, stop piling on the vice president if they want the party to win next year. plus -- >> thank you to the academy. this is history in the making. ♪ >> actress michelle yeoh capping a night of triumph for "everything everywhere all at once." big win there. see who else won the biggest awards of the night, ahead. ♪ all right, welcome to our viewers in the united states and around the world. im rowchristine romans. just hours from now, presi...

government is stepping in to calm the failure two of u.s. banks. everyone that had money in sign silicon valley bank and signature bank will have money. the president is going to address the public about it. >> oscars, stealing the show, best picturor, best actress, best supporting actor and best supporting actress. also overnight, saber-rattling once against from north korea with a missile test launched from a submarine. the u.s. and south korea begin joint military exercises. >> you ...

the federal government is now stepping in to calm financial panic over the failure of two u.s. banks. >> the biden administration announcing it will extend a federal backstop to all the banks deposits. >> treasury officials push back on the idea this was a bailout saying the burden is not borne by the taxpayers. >> well hear from president biden moments from now. >> water everywhere, causing chaos across central california. >> warnings of intense sustained flooding in the days ahead. >...

plus this. and the oscar goes to -- navowni. >> that is well deserved as it gets. cnns 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, putins 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 pr...

any moment now, president biden will address the nation from that podium right there amid concerning questions about potential contagion in the u.s. banking sector. what does that mean for your money? a very good monday morning to you. im jim sciutto. >> and im erica hill. president biden expected to try to calm fears in a matter of moments when he does make his way to that podium, this amid the failure of two u.s. banks. were talking about silicon valley bank, which youve heard a lot ...

actually went through these binders page by page. just for context, its not unusual for presidents and vice presidents to be given these travel briefing binders. that include background memos on people there leaving with in foreign countries, our sources say, sometimes, they just include basic biographical information on foreign leaders. . government officials. sometimes, they also include more sensitive information. >> our colleague, evan perez, says that the fbi is working with the e...

>> tornados tear through texas and louisiana, right now more than 60 million people are still under the threat of severe storms. ammunition on the agenda today. president biden meeting the german chancellor and sending more firepower to ukraine. it is friday, welcome to our viewers in the united states and around the world. im christine romans. just hours from now, tau alex murdaugh will stand in a courtroom to learn his fate. a judge will issentence him for murdering his own wife an...

bee hes about to learn his fate hours from now. well speak to the attorney representing the family of murdaughs former house keeper. >> tornadoes ripping through the south. heavy snow to the midwest and to the northeast. people in california still trapped in their homes. running out of food after the same storm system dumped seven feet of snow there. >> also this morning on the international front, the situation is critical for ukrainian forces in the besieged city of bakhmuit. the onl...

top of the hour now on "cnn newsroom." im john berman. >> this morning president biden reassuring americans that the u.s. banking system remains safe. this despite the failure of two significant banks within 48 hours. silicon valley bank and signature bank have now been taken over by federal regulators. >> all customers who had deposits in these banks can rest assured. rest assured theyll be protected and theyll have access to their money as of today. that includes small businesses ac...