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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. >...

Ipad. we have seen shares in technology stocks like apple, dell, and hp down. and, of course, charles, just one final point to think of. the japanese consume 11%st worlds luxury goods. weve seen falls in ldma. their shares are down and also in a british company burbury. >> thank you very much. pauline? charles, im going to touch a little bit more on the points that emily made, especially with the electronics sector. lets get more on how japans biggest companies are being affected by the disast...