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 deposit ac
i m i very innocent man and we ll fight for our constitution. dana: defiant in defeat. former president trump vowing to fight his conviction for falsifying business records. that begins at 11:00 a.m. eastern when he holds a news conference on trump tower. bill is off today, good morning, brett. bret: good morning, i m bret baier. this is america s newsroom. dana, yesterday in the afternoon we thought judge merchan was going to dismiss the jury, wrap up for the day. suddenly it all came down that they had the verdict and what we have seen over the past few hours, the reaction to that and then now this news conference is going to be something as we go forward. dana: we were getting ready for the five and all of a sudden it changed and it felt you could feel a shift change really in the country and in the election. bret: really is. we don t know the entire fallout yet. unprecedented conviction. further complicating the former president s schedule. sentencing is set
refused to do so. interesting. alayna, great reporting. pr appreciate it, thank you. joining us now to discuss trump s trip to iowa tonight, ka kathy obroadovich. if we look at that reporting from alayna in terms of former trump campaign officials, the split that we re seeing, what s also interesting is when we look at what the interaction is with local officials, with elected officials in the state, the fact that the governor was with governor desantis in iowa at two different events, that he was also meeting with lawmakers in the state. we have reporting that trump is making some of those calls privately. but is there a sense this morning of where support stands among iowa lawmakers? yeah, i wouldn t read too much, erica, into the fact that governor reynolds, governor kim reynolds was paappearing with desantis. she s appearing with every presidential candidate that comes to town.
open at the bottom of this hour. you ll see the futures down a bit. we ll see if that changes when we get closer given the president s comments just now. also ahead, former president trump making his first visit to iowa since he announced his 2024 run. cnn has new reporting about how some of he has staunchest allies, once-staumnchest are no more lukewarm this time around. plus, the brackets are live. we re going to break down the favorites and the possible cinderella stories at this i year s march madness tournament. stick around. wow, we re crunching tons of polygygons here! what s going on? where s regina? hi, i m ladonna. i invest in invesco qqq, a fund that gives me access to the nasq-100 innovations, like real time cgi. okay. yeah. oh. don t worry i got it! become an agent of innovation with invesco qqq
the d.a. had invited trump to testify as required under new york law trump s former fixer and lawyer, michael cohen, he is expected to provide additional testimony today. as manhattan prosecutors weigh weather to charge former president trump, he is making his way back to iowa tonight, his first time in the state since launching his third bid for the white house. despite his legal troubles, many iowa voters tell us that they are still with trump, but the same may not be true for some of his former campaign officials and white house advisers. cnn s elana te a train joins us. elena, what are you hearing for those in trump s inner circle? we have heard some of those in the inner circle publicly break with him, though more limited in number. you re hearing more in private? i am, jim and erica. i reached out to nine former trump kpcampaign officials who were with him throughout 2016, and only three of them are publicly willing to say that they support donald trump s third white house