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assured they will be protectednd have access to their money -- >> we have an obligation with payroll. we have an electrical business and we have to meet payroll this afternoon. that's why i am here. >> everything is insured. we are not worried. >> going to collect my share and go home. >> wow. >> yeah, wow, right? >> it's a full-on bank run. these are old-school bank runs. >> let's not scare people. >> no, i'm saying what we're seeing. >> a few banks. >> yes. >> let's hope it's not more. good morning. it is the top of the hour. glad you are with us. customers getting their money back...

west and winter storms out east. and now, rite aid and how the drugstore is being accused of fueling the opioid epidemic. this is what we are watchingt that hour. thank you for being here, i'm kate bolduan, and we are beginning with the turmoil, the fallout, and the wild ride that has already been this week since the abrupt collapse of silicon valley bank. and the federal reserve is looking at the oversight of the bank and what went wrong and who missed what. the regional banks are bounce back after confidence of the institutions were shaken yesterday. this is how the stocks are ...

silicon valley bank collapsed on friday, and the government of the state of new york shut down signature bank last night, claiming signature was on the verge of collapse. the federal government has since taken over that bank. president biden rushed out to the cameras this morning before the markets could open to try to calm the american people. he insisted there's no need for the public to worry, that their money is safe and the economy will not suffer. >> america can have confidence that the banking system is safe. your deposits will be there when you need them. every american shoul...

of trump's role in the january 6th insurrection. and a new flood emergency in california threatens millions of skorm battered residents as the east coast braces for a powerful storm packing heavy rain, strong winds and possible blizzard conditions. welcome to our viewers in the united states and around the world, i'm wolf blitzer. you're in "the situation room." tonight, the biden administration is scrambling to respond to two of the biggest bank failures in history creating new peril for the economy and president and a lot of americans are worried right now. here's cnn's chief white...

starts right now. i'm pamela brown in washington. new developments tonight in the idaho murder investigation. for the first time we are hearing from the parents of the suspect in this case. 28-year-old bryan kohberger. he is facing four counts of first-degree murder in the brutal slayings of four young students. it is a shock to his family. cnn's veronica miracle has more on what the family is saying today. >> reporter: pamela, that family put out a statement through his public defender. his attorney. this is according to cnn and here's what it reads. it says, first and foremost, w...