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plus, russia's military falling apart. soldiers revolting against commanders calling themselves sacrificial lambs as the battle between russia's army and the private military wagner group spills out into the open. and hundreds of migrants trying to storm the u.s. southern border. frustration with biden's policies boiling over. this is the u.s. boarder you're looking at and we'll tell you what's happening there. let's go "outfront." and good evening. i'm erin burnett. "outfront" tonight, bank crash. stocks of dozens of regional banks across the united states plunging to record low...

day on wall street, the u.s. government steps in to protect a failed bank, promising depositors they won't lose a penny. one film won everything everywhere all at once at this year's 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 sudden collapse of silicon valley bank. authorities say customers will have access to all their m...

Silicon valley bank. the biden administration has announced it will extend a federal backstop to all of the failed bank's deposits. they say customers will have access to all of their money starting monday. this as president biden is vowing to hold those responsible fully accountable. he will speak about the issue in the coming hours. ron brownstein is a cnn senior political analyst and senior editor for "the atlantic." jessica levinson is a professor of law at loyal that law school and host of "the passing adjustment" podcast. they both join me from los angeles. a pleasure to have you with us...