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good morning. breathe it in deep. the weekend is here. and welcome to cnn this morning. i'm boris sanchez. >> is and i'm paula reid. boris, it's great to be with you. >> we appreciate you getting up bright and early. amara is skiing somewhere in europe. here's a look at what we're watching this morning. >> overall we created more jobs in two years than any administration created in the first four years. >> president biden taking a victory lap following a strong jobs report. where we're seeing those jobs. plus a stunning free falls that led to the second largest bank collapse in u.s. ...

that ensures bank deposits and overseas financial institutions. the agency says all insured depositors will have access to their deposits no later than monday morning. the fdic ensures deposits of up to $250,000. why did this bank fail so quickly? >> it is an old school bank run in a modern economy. you can point to two reasons. the first is that the fed has been increasing interest rates since 2022. that has an effect on thing bank's assets, which means its unrealized bonds were worthless money. those increased interest rates has had a devastating effect in the tech sector at large....

fargo, bank of america, jm morgan, morgan stanley lost $50 billion in market value in one day. that's a hit. on the other hand, those banks still exist. you can't say that for silicon valley bank. svb has gone under completely. that makes the second biggest bank failure in the history of this country. and the significant svb financed nearly half of all venture-backed healthcare companies in the united states. it held significant cash reserves for some of the biggest crip toe currencies. it's gone. federal regulators have rename it and taken it over. that means a lot of people lost a ...

>> r.f.k. jr. would like to see debates, but joe says no. >> hiding biden again >> >> teachers union boss, randi weingarten expecting to get grilled. >> teachers should have been back to work as soon as possible. >> aaron rodgers bids fare well to green bay. >> we are all excited to add someone of his character and ability.ndability.and ability. >> brian: that is billy joel singing "uptown girl" and it is appropriate. billy joel would have named it longer island, the indians would have or native americans, whatever we're calling them now. this was not written about christie mcpherson...

that would never come to fruition. >> correct. >> and probably can't even passer own conference. >> correct. so thank you for that. and you have yourself a great weekend, it will see you next week. >> you too, buddy. >> our economic plan is working. that's the message from president biden today in, it has been his consistent message about the recovery from the pandemic since his election. today's jobs report showed united states economy added 311,000 net new jobs last month. that is way higher than the predicted 225,000 from dow jones. today's jobs report also gave us an incredibly l...