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ahead of the trading 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 on this year's 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 collapse of silicon valley bank. authorities say customers will have access to all their money star...

likely to go higher after opec plus announced it will cut oil production by a shocking 2 million barrels a day. >> dana: now the biden administration is walking an economic tight rope. if the economy heats it it could make the inflation worse. if it cools down the risk of a recession gets more likely. fox team coverage this morning. larry kudlow standing by with the big picture. let's go to edward lawrence at the white house breaking down the numbers for us. >> this was a very good jobs report and could be part of the problem. it will likely keep the federal reserve on course to have...

in his son's scandals. >> sandra: september jobs report just out, which is now raising all sorts of new concerns about the direction of the u.s. economy. hello, welcome, everyone, sandra smith in new york. and trace, great to have you again. >> great to see you. i'm trace gallagher in for john roberts. this is "america reports." in a few minutes the president is set to make remarks on the economy at an auto plant in maryland. september jobs report shows a tightening labor market, unemployment unexpectedly falling to 3.5% from 3.7% after 57,000 workers dropped out of the labor force. ...

don't have to leave. brooke singman will tell us more. >> brooke: the ruling says president obama's administration did not have the authority to institute the daca program. the court will not discontinue it. the court's ruling does bar the united states from processing new daca applications. in 2012, the program gave migrants who came to the u.s. a temporary grace period from deportation and allowed them to apply for work permits while in the u.s. the court writing in our view, the defend antss have not shown there is likelihood they will succeed on merits. more than 600,000 immigran...

in the hands of smugglers run by cartels with no regard to human life. >> they take their phones away from them and they have no lifeline. a complete disregard for their safety as they are being transported even if you think of the pursuits we get in and the way they are thrown in vehicles and breaking out. it is a disregard. they aren't considered humans, they're considered money. >> bill: border patrol confirms at least 600,000 gotaways this past year. 160,000 of those in the del rio sector alone. those are just the ones they know about. griff jenkins, national correspondent live a...