what happened? erica, this happened so fast. it s stunning. silicon valley bank shut down by california regulators after the stock crashed by 60% yesterday after the bank said it needed to rapidly raise cash. this is easily the biggest bank failure since washington mutual fell apart in 2008 during the financial crisis. silicon valley bank, if you haven t heard of it, it is a major lender to tech start-ups. the fdic says that depositors that have $250,000 or less, they are insured here. they will get their money. they will get access to their money as soon as monday morning. but we know that some people, some entities, some start-ups, they have more than $250,000, and it s less clear what s going to happen to them. how did this happen? well, when the fed spikes interest rates, things tend to break. we know that the fed rate hikes have hurt the valuation of the tech companies that this bank catered to, also has hurt the value of the bonds that banks rely on to get cash. erica
striking a bird, and what we are learning about this. and a prom turns into a nightmare after 19 are injured when bullets start flying. we are following these developing stories and much more as they come in right here at cnn news central. a race to get out as people are rushing to get their people out of sudan. special forces have now carried out a risky operation to get the u.s. embassy officials and families out of khartoum. this is a photo of antony blinken monitoring situation. the u.s. government is warning an estimated 16,000 americans remaining there and many of them dual citizens after a large scale operation of those who want to leave is not happening now. the u.s. is facilitating evacuations in other ways. more from the white house in a moment, but sam kiley is in djibouti where the operation began. sam, this seems like a global retreat. global retreat is the exact way to put it. here we have a french air force long distance cargo plane. that has been, we u
Newsroom. We begin this hour with more Breaking News. Yet another shootdown of a highaltitude object, this one confirmed a short time ago in the skies over the yukon in Northern Canada. President biden and canadian Prime Minister Justin Trudeau gave norad the order to shoot down the object early in the day. A u. S. Fighter jet successfully brought it down. Its not clear if this latest shootdown is related to yesterdays downing of another object off the northeastern coast of alaska. That was near the canadian border, nor is it clear if its related to the chinese spy balloon that was shot down last saturday. Arlette saenz is at the white house. The president was just making some remarks to some governors there in the white house a few moments ago. Doesnt sound like he took any questions or made any remarks there. But obviously this is top of mind for the administration after what you and i were Reporting On Last saturday which was the shootdown of that chinese spy balloon. And now these
failed within three days of each other. that led credit for moody s to downgrade its outlook for the entire u.s. banking sector. and those worries skyrocketed today because of troubles facing the global investment company credit suisse. the saudi bank failed to rule out giving funding to the already embattled company that combined with the recent u.s. issue sent stocks falling. i want to bring in business reporter rahel solomon, rahel, walk us through what happened today. well, jake, basically the mood for investors, as investors search for the next sign of weakness. to be clear, i think the nasdaq actually closed slightly higher which is interesting. but this is really just a confidence issue at this point. you can see that reflected very clearly in some of the bank stocks. i want to point your attention to some of the regional stocks, jake, you and i have talked about already. first republic bank off 21%, pac-west off 5% on top of the losses. it s been a rough go for some
fresh calls for voting protections. this has been a theme throughout his administration and one in which he will use this opportunity in selma to call for that. again, the white house says that president biden will be delivering remarks when he is there. he wants to make sure that we are not erasing history, we are commemorating it. that s what the white house says about his remarks. also, he will note that voting rights is integral to economic justice and civil rights for black americans. so those are the through lines for his remarks, but he is also expected to cross the bridge. this is something that happens each year, each anniversary. of course, it is an important moment, one remembering 1965 that led to blpolice attacking voting rights activists and he led to the passage of the voting rightsing act of 1965 and it is an opportunity for president biden to call on that while he tries to elevate those calls for voting protections and one in which again, as you mentioned, he