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CNN CNN Newsroom July 6, 2024

hello, everyone. welcome to cnn newsroom. and i m john berman. victor is off this froop. and we begin with president biden s dramatic overnight move to dparnguarantee the money is e bank. this comes after the failure of two banks. today the president announced regulators are taking them over, but unlike what was seen in 2008 the u.s. will cover only bank customers not bank investors. all customers who had deposits in these banks can rest assured that we protect it, 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 business. investors in the banks will not be protected. they knowingly took a risk, and when the risk didn t pay off, investors lose their money. that s how capitalism works. svb s small businesses are thankthal for president biden s decision. i am quite relieved from what i heard from president biden. i think the administra ....

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CNN CNN Newsroom June 4, 2024 18:23:00

Residents to evacuate that community for their own safety especially when we expect more storm water to come through that community in an area that s already heavily saturated with water. we ve heard some sieve uddescriptions and we can see them with our own eyes here. how would you describe what you re seeing there? i was a resident of the city of watsonville during the last storm 28 years ago in 1995, and this appears to be even worse because we never had highway 1 shutdown outside the community of watsonville. that shutdown yesterday, and that water is backing up because of the highway itself and moving storm water into other areas we did not see create flooding and damage 28 years ago in the last flood. so this is worse and especially with the next storm coming through, we re seeing things we ve never witnessed previously in flooding on this particular ....

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