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welcome to all of you watching us here in the united states and all around the world. ahead on cnn newsroom, u.s. military taking down another object flying over american waters just days after the downing of the suspected chinese supply balloon. plus george santos claiming hes ard at work despite controversy swirling around hum. what he is or isnt doing on the job. were one day away from super bowl lvii. well take you live for a preview of the big game. a u.s. fight er jet shot ...

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 ...

thats a saving grace for customers of silicon valley bank as much as $220 billion in assets were uninsured. its a move to prevent a run on additional banks and makes it so the tech companies that banked with svb can make payroll. at least 29 were impacted including big names like pinterest, fit bit, zip recruiter who name a few. separately the same has been done for new york signature bank shut down over the weekend. treasury secretary janet yellen says this action does not equal baili...

good morning, everyone. it is saturday, february 11th, were live in the cnn newsroom, and you dont have to adjust your tv, were actually in the same set in the same place. >> no split screen. >> right. >> great to be with you as well. up first this hour, president biden ordering an prague to shoot down an unidentified object over alaska, an operation that he is describing as a success, and right now, there are way more questions though about what that thing was that got shot down and a...

how the lab leak theory is picking up steam. >> reporter: another covid report, 300 pages. the big take away is this statement. the preponderance of information affirms the possibility of a research related incident that was likely unintentional resulting from failures of biosafety containment during vaccine related research. relies on that scientists that have yet to discover any sort of naturally occurring viruses that are similar in composition to covid-19. furthermore, the report a...

the tennessee two is down to one. john berman here in for anderson. late today, officials in nashville voted to reinstate justin jones, one of the two lawmakers expelled from the statehouse. last week. the second justin j. pearson of memphis, joins us shortly. and the third lawmaker who was not sanctioned, took part in a protest against gun violence in the wake of the covenant school, mass murder just a few miles from the statehouse, jones and pearsons expulsion for violating decorum, ...

the goal overall will be to instill confidence in the american banking system. federal regulator said depositors will have access to their money today. the measures have effectively waived $250,000 insurance and of $220 billion in assets uninsured. at least 29 companies were impacted by svp collapse like pinterest, fitbit, ziprecruiter to name a few. the same has been done for new york signature bank, which was shut down over the weekend pure treasure secretary janet yellen said the ac...

banking collapse since the 2008 financial disaster. the trouble for silicone valley bank began last wednesday when it sold securities at a major loss. that created panic and the stock stumbled. on friday federal regulators shut down the bank and they closed a second lender new yorks signature bank. both failures the last of largest since the great recession. they could have a huge ripple effect on the economy. thats what the president is try to guard again. president biden speaking min...

race for the white house coming in. >> bottom line. >> business as usual. >> all transactions are fully functional. thank you all. >> sandra: we begin with president biden today scrambling to restore confidence in americas banking system after the swift and sudden collapse of two banks that pumped in fears of a wider economic crisis, and a lot is unfolding at this hour. hello and welcome, everyone. i am sandra smith. grateful to start another week with you. john. >> john: it seems like...

crisis that weve seen this kind of stunning bank collapse. thats why when president biden before the market came on the airwaves and told the nation that the government would be stepping in. watch. >> no losses -- this is important important. no losses will be borne by the taxpayers. let me repeat that. no losses will be borne by the taxpayers. instead, the money will come from the fees that banks pay in to the deposit insurance fund. >> martha: is that accurate? lets bring in david as...