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the president says everything is under control. will that convince average americans? and why didn t anyone see this coming plus, roughly 17 million people facing flood watches today. the vast majority of them where flooding has already wreaked havoc in parts of california the atmospheric referring dropping another half foot of rain and compounding misery for towns under water. will donald trump s future be decided on the campaign trail or in the courtroom. the former president heads to iowa as his former fixer, michael, cohen, heads into a meeting with a new york grand jury we start with the question americans all over the country are asking, is my money safe the federal reserve and the president himself telling them the answer is yes. right now the dow is roughly flat following the collapse of two banks in recent days with several others suddenly on shaky ground in fact, some regional banks have lost 60, 70, even 80% of their value. carol lee is covering the whi ....
If you re the average american saying, hold on a second, joe biden just guaranteed people who go to silicon valley bank, but what about me? i go to a local community bank are they definitely going to guarantee me the president hasn t said that if congress wants to change its mind and say fdic insurance is going to be unlimited, that s something entirely different what you re seeing is a lot of people saying, it s good the biden administration did that for them, i m not sure what it means for me you re seeing a lot of people continuing to pull their money out of smaller banks into the bigger banks that s not a good thing for the system, especially because they may not need to do it. let s look at an example of exactly what you re talking about. anna, this morning there was pictures out of wellesley, massachusetts. it shows people lined up outside the silicone valley bank branch trying to pull money out these pictures were taken right about the time the president was saying don t worry ....