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Transcripts For CNN CNN This Morning 20240706



the federal government is now stepping in to calm financial panic over the failure of two u.s. banks. the biden administration announcing it will extend a federal backstop to all the banks deposits. treasury officials push back on the idea this was a bailout saying the burden is not borne by the taxpayers. we ll hear from president biden moments from now. water everywhere, causing chaos across central california. warnings of intense sustained flooding in the days ahead. it s unimaginable. folks, we are not done yet. former vice president mike pence telling a crowd in washington that history will judge donald trump for his actions on january 6. probably not a message that will be terribly popular with republican-based voters. three women who live in texas are believed to be missing in mexico. we really haven t had any other incidents that i can recall. and the oscar goes to everything, where every, all at once. this year at the academy award ....

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Transcripts For CNN CNN This Morning 20240706



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 ....

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Transcripts for CNN CNN This Morning 20240604 12:00:00

Witness that we indict a former president behind. we ll find out. david schoen, thank you so much for that analysis. thank you. and cnn this morning continues right now. good morning, everyone. top of the hour. we re glad you re with us this monday. wow, what a weekend it was. two different banks failing back to back. the biden administration trying to ease panic and prevent an all-out financial crisis. the president will speak a little bit later this morning at the white house, as the federal government steps in to protect and shore up america s banking system. we re watching that very closely as we look at live pictures of the white house. and we re going to talk to the ceo of a tech start-up after his company s primary bank suddenly collapses. we ll also speak with shark tank star and investment mogul, kevin o leary. how concerned should we be about the economy? ....

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