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selling herbs and supplements brand at walmart rushed to walmart and unleash your potential with force factor. eva longoria, searching for mexico premieres tonight at 10 on cnn. hello again, everyone. thank you so much for joining me. i m fredricka whitfield and we begin with major developments out of pennsylvania. philadelphia water department now, saying it s confident that tap water from a main water treatment plan will remain safe to drink and use through at least eight o clock tonight. just in for the past few hours, the city urged residents to use bottled water following a toxic chemical spill in the nearby delaware river. it happened along a tributary in the bristol township area of bucks county friday night. phillies municipal water serves more than two million people the city send push alerts to cell phones today, urging people to drink bottled water out of caution due to potential dangers posed by that chemical spill. some stores had already started limiting b ....
tonight on the reidout my goal, this is not revenge. what this is is account ability. i don t want to see anyone including donald trump indicted, incarcerated simply because i fundamentally disagree with them this is all about accountability he needs to be held accountable for his dirty deed michael cohen testified before a grand jury. and with the walls seeming to be closing in, trump is once again calling for an investigation of the investigation. also tonight, president biden reassures americans that their money is safe in the bank, after two recent bank failures and we ll look at the role trump era deregulation played in the financial havoc in silicon valley we begin tonight with mike pence. a former vice president who quite possibly is most famous for his tongue biting silence. but believe it or not, mike pence used to talk for a living. seriously, he was a right-wing talk radio host in the 90s, true story meaning it was once his job to say what he tho ....
plus this. and the oscar goes to navowni. that is well deserved as it gets. cnn s documentary on alexei navalny who is in prison in russia took home an oscar last night. the director will join us live to talk about this moment. what it means for alexei navalny, putin s jailed critic. we do begin, though, with the biden administration trying to prevent financial contagion after two banks failed back to back in the last three days. a live look now at the white house, where the president will speak this morning as the federal government takes emergency action. silicon valley bank collapsed on friday, it became the largest u.s. bank failure since the 2008 financial crisis. regulators also shut down signature bank based here in new york. we learned about that late last night. they said signature bank was on the brink of collapse and threatened the broader banking system. so at the direction of the president and the treasury secretary, the fdic is now stepping in. t ....
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 ....
we start here in the uk, where the bank of england has raised interest rates to their highest level for m years. the increase will leave millions of households facing higher mortgage payments at a time when many people are already struggling with crippling energy and food bills. the bank has raised rates by half a percentage point, to 4%. the aim to make it more expensive to borrow and spend so businesses and households rein in, meaning less upward pressure on prices. uk inflation eased slightly in december but was still at 10.5%, close to the highest level in a0 years and more than five times the bank of england s target. the bank governor said inflation had turned the corner, but the battle against surging prices wasn t over yet. we have done a lot on rates already. the full effect of that is still to come through. but it is too soon to declare victory just yet. inflationary pressures are still there, and we can see that in the data and we hear it from our agents. and we ....