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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 know this name. michael cohen. set to testify in a case that could lead to criminal charges against donald trump. cohen expected to appear before a mat nhattan grand jury. he s been making hush payments to stormy daniels. and get this march madness your march madness bracket is set for the ncaa tournament. the one seeded, kansas, purdue, alabama, something like that never heard of them. cnn this morning starts right now. i can tell you, i was in washington this weekend. the colla ....
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. i m jim sciutto. and i m 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. we re talking about silicon valley bank, which you ve heard a lot of this weekend, as well as signature bank. the biden administration is taking emergency action here and there is the president. let s listen in. for california. i want to briefly speak about what s happening to silicon valley bank and signature bank. today, thanks to the quick action of my administration over the past few days, americans can have confidence that the banking system is safe. your deposits will be there when you need them. small businesses across the country that depo ....
hello, i m briana keilar in washington. right now wall street and main street are wondering if more dominoes will fall or if the biden administration s 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 bang for the tech sector. high-pro-final companies like roku, etsy, and fitbit were clients. some had hundreds of millions of dollars tied up with svb. all those deposits are guaranteeduncle sam. all customers who had deposits in these banks can reassured they ll be protected, and they ll have access to their money as of today. no losses will be born by the taxpayers. instead, the money will come from the fees that banks pay into the deposit insurance fund. the management of these banks ....
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 is warning americans to think twice before visits mexico, trucks are big business in mexico, but so is tourism. and so is having a good relationship with the united states part of having a good relationship, is not letting americans die or go missing when they visit. some republicans now want to use the military to go after the cartels, which is a little surprising given the number of republicans who don t want to use the military anywhere else, not in afghanistan, where rape victim ston ....
bianna golodryga picks up our coverage now. hello everyone. i m bianna golodryga. airports are scrambling to get back on schedule after an early morning glitch throws the nation s air travel into chaos. a key safety system for the faa went down forcing a nationwide ground stoup on all domestic departing flights. that s left travelers stranded in airports or trapped on board parked airliners. the ground stop is now lifted, but the backlog of flights is still jamming airports across the country. cnn correspondents and analysts have been following these developments. let s begin with adrienne broaddus. adrienne, are things get back to normal there this morning? reporter: hello, bianna. things are getting back to normal. travelers passing through chicago o hare will experience delays and cancellations. if they stop at the information board, they will see boarding. that s a nice sign for folks leaving the airport. there s also other indications that there have been techn ....