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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 ...

ahead of the trading 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 on this years oscar awards. already-flooded parts of california bracing for yet another powerful storm. >> this is "cnn newsroom" with rosemary church. >> thanks for joining us. we begin in the united states where the biden administration is stepping in to contain the fallout from the sudden c...

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 ...

hello, im briana keilar in washington. right now wall street and main street are wondering if more dominoes will fall or if the biden administrations drastic action following the second largest bank failure in u.s. history will stave off a broader financial crisis. this morning president biden assured americans that their money is safe after the federal government takeover of silicon valley bank and the smaller signature bank. svb may be a new name for many people, but it was a go-to b...

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...

well today, ashleigh. good morning, you know, over the weekend, the government also shut down new york signature bank, so this action will apply to those customers as well. even uninsured depositors have been given the guarantee that their money will be returned in a joint statement by the treasury. federal reserve at f d. i c reads quote, depositors will have access to all of their money starting monday, march 13th no losses associated with the resolution of silicon valley bank will b...

insurance for deposits saving grace for deposit fors as of much as $220 billiony uninsured. move to prevent a run on additional banks makes it so the tech company as it banked with svb can make payroll. at least 29y impacted pinterest, zip recruiter just to name a few. separately the same has been done for new york signature bank which was shut down over the weekend. treasury secretary janet yellen says the action does not equal bailing out the banks. >> during the financial crisis ...

the financial crisis, there were investors and owners of systemic large banks that were bailed out, and were certainly not looking at the reforms that we put in place means that were not going to do that again, but we are concerned about depositors and were focused trying to meet their needs >> treasury secretary janet yellen commenting on one aspect of the biggest bank collapse since 2008 well break down whats happening with silicon bank in just a moment. plus, well bring you mining...

and killed. two other americans, a writer and a dental student were mistaken for dea agents, also tortured and killed by the cartel. after the murder. the u.s. unleashed will hounds of hell for mexico, the message for the cartels and corrupt mexican government giving sanctuary to the cartels, 40 years letter, americans are still dying, and mis missing in mexico, this week 4 people were traveling for a susurgical procedure, two were killed, and two were kept alive. texas law enforcement...

on privacy and content concerns, as well as the companys connection to the chinese government. well have the highlights for you just ahead. plus, what were learning about a drone strike overnight in syria that killed at least one american and injured a handful of u.s. service members. a lot going on. good morning. welcome to "morning joe." can you believe its friday? its friday, march 24th. >> you know, it is friday. you know, willie, it is interesting. you have trump raising $1.5 ...