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government is stepping in to calm the failure two of u.s. banks. everyone that had money in sign silicon valley bank and signature bank will have money. the president is going to address the public about it. >> oscars, stealing the show, best picturor, best actress, best supporting actor and best supporting actress. also overnight, saber-rattling once against from north korea with a missile test launched from a submarine. the u.s. and south korea begin joint military exercises. >> you know this name. michael cohen. set to testify in a case that could lead to criminal charges against ...

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...

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 ...

hello, i'm briana keilar in washington. right now wall street and main street are wondering if more dominoes will fall or if the biden administration's drastic action following the second largest bank failure in u.s. history will stave off a broader financial crisis. this morning president biden assured americans that their money is safe after the federal government takeover of silicon valley bank and the smaller signature bank. svb may be a new name for many people, but it was a go-to bang for the tech sector. high-pro-final companies like roku, etsy, and fitbit were clients. some h...

top of the hour now on "cnn newsroom." i'm john berman. >> this morning president biden reassuring americans that the u.s. banking system remains safe. this despite the failure of two significant banks within 48 hours. silicon valley bank and signature bank have now been taken over by federal regulators. >> all customers who had deposits in these banks can rest assured. rest assured they'll be protected and they'll have access to their money as of today. that includes small businesses across the country that bank there and need to make payroll, pay their bills and stay open for busi...