tv CNN Newsroom CNN March 14, 2023 11:00am-12:01pm PDT
11:00 am
if your moderate to severe crohn's disease or ulcerative colitis symptoms are stopping you in your tracks... choose stelara® from the start... and move toward relief after the first dose... with injections every two months. stelara® may increase your risk of infections, some serious, and cancer. before treatment, get tested for tb. tell your doctor if you have an infection, flu-like symptoms, sores, new skin growths, have had cancer, or if you need a vaccine. pres, a rare, potentially fatal brain condition, may be possible. some serious allergic reactions and lung inflammation can occur. feel unstoppable. ask your doctor how lasting remission can start with stelara®. janssen can help you explore cost support options.
11:01 am
i'm bianna golodryga, welcome to "cnn newsroom." >> i'm john berman. we begin with breaking news. a russian fighter jet has forced down a u.s. drone over the black sea. the u.s. air force says the jet damaged the propeller of an mq-9 reaper drone. >> the aircrafts were operating over international waters when one of the jets intentionally flew in front of the drone and began dumping fuel. the white house says president biden has been briefed on the situation. cnn's oren liebermann is at the pentagon. we also have mark kimmitt. what are you learning? >> this played out early this morning over the black sea according to u.s. air force europe where a surveillance
11:02 am
drone, an mq-9 reaper drone, was operating, again, over international waters when the air force says two russian fighter jets conducted an intercept in an up safe and unprofessional manner. but it goes beyond that. after the interpret, the russian fighter jets flew in front of the u.s. reaper drone, jumped dual in an attempt to disturb or disrupt its flights and got behind the drone and damaged its propeller. that forced the u.s. to bring down the drone in international waters of the black sea. u.s. aircraft europe issuing a harsh statement about this incident. let me read you a part of this statement. it says, several times before the collision, jumped fuel on in a reckless and unsound and unprofessional manner. this incident demonstrates a lock of competence in addition to being unsafe and unprofessional. now, the national security council has said there have been a number of intercepts like
11:03 am
this, but not even close to this severe or dangerous where you see an actual collision between a russian aircraft and a u.s. aircraft, even if that u.s. aircraft is in this case unmanned. the u.s. says it will continue to fly mq-9 reapers as we've seen it do since the beginning of the war. this is not a small, little commercial drone. this is a large platform. 66-foot wingspan, 36 feet long, and when it's fully loaded, it can weigh more than $10,000 pounds in the air. a collision between that and a russian fighter jet, dangerous and very excla la story. >> how is the white house responding and what are they asking of the russians at this point? >> the president was briefed by his national security adviser this morning about what transpired over the black sea. white house officials making
11:04 am
very clear, this will not change how they operate. they will continue to operate aircraft and drones over the black sea, over international waters and international air space. and it's important to note, the idea that intercepts happen is not a new phenomenon. it's happened several times over the course of the last several weeks. but as john kirby put it, unsafe, unprofessional and reckless and made very clear that u.s. officials from the state department will be reaching out to russia counterparts to register their objections about what transpired here. what officials are making very clear is they're not changing any way that they operate and that while this was certainly the scale of this action was beyond what they've seen up to this point, it won't change the dynamics of what the u.s. military does over the black sea, it won't change the strategy in terms of what the u.s. personnel do in that area. they are going to register their issues, though. the president has been briefed. we'll see what more they have to say going forward. but for the most part, it's very strong language from the pentagon, also coming from the
11:05 am
national security council. they're making clear it's not changing anything the u.s. does despite the fact that this was very out of the ordinary and as said by john kirby, reckless in every way. guys? >> the administration demanding an answer but not wanting to escalate the situation any further. general, what do you make of this situation? in your view, was it something that was intentional or reckless by one russian pilot? >> well, i think it was a combination of both. when you're starting to dump fuel from your aircraft, you've got a serious effort here to try to bring that thing down. but even though the language sounds somewhat harsh, the fact that we had to remind everybody that this was environmentally unsound tells me that we're not going to war for this any time soon. this is not -- i hope everything understands this is how things are done in the air in an air
11:06 am
combat situation. >> it's how things are done. there is this aerial choreography, general, for lack of a better term there, but actually forcing down a drone, equipment that's worth, what, tens of millions of dollars in and of itself, that isn't terribly common, is it? do you think that the u.s. should send some message to russia here? it's not uncommon when you're using drones over territorial waters and land. what's uncommon about this is this was happening in international waters. so there's freedom of merit movement. nobody has claim to that. so this is an issue, but i hope we don't spin this thing out of control. harsh words to the russians which i'm sure they will receive and note with deep interest, but, again, i don't think this is going anywhere.
11:07 am
>> general, do you know how many of these drones we have operating around the black sea? >> i don't. and if i did, i probably couldn't tell you. >> okay. >> but the purpose of them, general, broadly speaking, i mean this wasn't just on a joyride over the black sea. this reaper or this type of equipment is being used to, i would imagine, help the ukrainians or at least assess the quality and placement of russians forces. >> yeah, i think the -- i don't know if these were shooters or just intelligence surveillance or recognizance what we call isr. if it was isr, i would probably think it's keeping an eye on the black sea fleet of the russians more than it is the ground forces inside of ukraine. >> yeah, it's coming at a very sensitive time too because negotiations have begun again for grain exports. that initial deal is expiring. this is really a precarious moment. >> and the exact kind of thing
11:08 am
that is not supposed to happen between the united states and russia. thank you both for your reporting. general, always a pleasure to see you. >> thank you all. the financial fallout from the faith of silicon valley bank is deepening. the justice department is investigating its sudden and swift collapse. "the wall street journal" reports that the securities and exchanges commission is conducting a separate probe. last week silicon valley customers withdrew 4 2k billion dollars from their accounts in one day. analysts are calling it if first twitter-fueled bank run as top investors tweeted their alarm about svb. it was made more intense. moody's is downgrading its outlook for the entire u.s. banking sector. the credit ratings firm does believe that the u.s. banking system is generally healthy. matt egan tracking the latest on all of this. what's the latest on these
11:09 am
investigations, matt? what does that mean? >> this was a historic banking collapse. the second biggest in american history. you got to believe that regulators and authorities are looking into potential wrongdoing here. paul reed did confirm that the justice department is, indeed, investigating the collapse of silicon valley bank. "the wall street journal" reporting that the scc is also investigating. we don't know whether these investigations are going to come up with any sort of wrongdoing. but the journal reports that both the doj and the s.e.c. are looking into both the collapse here and security sales done by bank management. the s.e.c. declined to comment. just yesterday chairman gary gensler said we at the s.e.c. are particularly focused on monitoring for market stability and identifying and prosecuting any form of misconduct that might threaten investors or the markets more broadly. he vowed to bring enforcement
11:10 am
actions if they find anything wrong. this is on top of the fed launching just yesterday a review of the regulation of this bank. so there's a lot of questions here about what both management and regulators could have done differently to prevent this debacle. >> how should we be interpreting moody's decision? >> it's certainly a sign of continued concern about these banks. moody's says that they expect that banks are going to continue to remain under pressure for as long as the federal reserve hikes interest rates. they're warning they could downgrade six u.s. banks, including first republic bank, western alliance. i think there's some investors and customers who are probably hearing these warnings from moody's and wondering where were you guys last week before the banks collapsed? i think the good news is that the regional bank sector is roaring back today. we saw them get clobbered yesterday. but first republic bank up by 31% as we speak. western alliance up by 16%. so it's nice to see these banks
11:11 am
rebounding and more importantly, there's reporting from our colleague phil mattingly who talked to a treasury official who said that deposit outflows, those appear to be easing and that is, of course, exactly what u.s. officials want to see. >> that is exactly what they were hoping to see by the measures that they took, if that's true that that's happening, they will be relieved there. the markets also finding something to like about the inflation reports today which was, you know, mixed, a little bit mixed. >> listen, i think that they -- the bad news is inflation is not gone, it's still here, it's still hot. but it is cooling off. consumer prices up by 6% year over year. that is not healthy. that is actually three times hotter than what is considered healthy. but as you can see on that chart, the trend is moving in the right direction. we hit 9% inflation back in june. so this is welcome. i think if you dig into the numbers, you see there are still some price spikes, we're seeing big price increases for
11:12 am
groceries, for pet food, for natural gas, and so that is something we need to keep an eye on now. now the question is, what does the fed do next? on the one hand, they don't want to raise interest rates at a time of stress in the banking system because they could actually make it worse. on t on the other hand, they can't accept 6% inflation. there's a lot of debate. mark zandy predicted that he thinks the fed is going to hold steady and do nothing, look around, survey the damage and we'll see. >> and that is quite surprising, right, given that we were talking about 50 basis points -- >> it's a huge swing from a few days ago. >> a lot has changed. thank you. >> thanks. joining me now is sheila bear. she served as chair of the fdic during the 2008 financial crisis. bear is the author of the children's book series "money
11:13 am
tales" which provides financial literacy lesson. an important book and series to read. great to see you. so my first question to you is, do you support the actions taken by the administration and the federal reserve in response to this particular crisis? if not, what else would you have done? >> yeah, well, i do question the systemic designation that they made on a couple of banks. 300 billion total assets between the two of them in a $23 trillion banking industry. so i do think the fdic's normal procedures could have handled those failures. i think the underinsured depositors might have taken a small haircut. but to say that just by imposing some marginal losses on uninsured depositors somehow puts the entire system at risk, that's basically what you're saying if it's a systemic risk determination. i think that was ill-advised and
11:14 am
sets a dangerous precedent. those designations are supposed to be done in extraordinary circumstances not this kind of situation. if the concern was that they were going to be broad-based uninsured deposit runs, a better approach would be to try to have a complete backstop for the banks. fortunately, it doesn't look like that's going to happen. i'm holding my breath. i think there was some otherwise healthy regional banks that have been experiencing stress over all of this drama. the new heading facility that the fed has established which is backstopped by the u.s. treasury, i do think given the circumstances -- i don't really like bailouts of any kind or assistance if you want to call it. but i think given current circumstances, it's probably good that these banks, if they have a lot of longer-term debt that's lost a lot of market value because interest rates have been going up, now they have to put it the fed as collateral and borrow against the full face value of that debt. they don't have to recognize
11:15 am
losses. so in an ideal world, they would be better managing the risk on those securities. at least with svb, we know that risk wasn't being managed very well. >> so what is it that you specifically take issue with with regards to what the -- is it the fdic going on and guaranteeing all deposits, including those that were uninsured? >> so by law, the fdic can only insure deposits up to 250,000. by law they're required to minimize the fund which is capitalized by bank and is there for $250,000 deposits. household, main street deposits. so, yes, making system risk designation to give the fdic the authority to pay in full all these uninsured depositors, these were very, very wealthy people. there are a few start-ups that need it for payroll. they could have gotten a dividend under the normal
11:16 am
procedures to help with their cash needs. i take issue with that. i think on the -- so there were two different actions. one was the systemic risk designation and the other was this new fed lending facility which i think of the existing options that was the least bad of the options available. i think that actually more than anything is what's calming the markets right now -- >> the emergency lending. the emergency lending facility. >> yes. >> given your concerns, then, what are you worried about in terms of regional banks as a whole and their future as far as holding uninsured deposits? >> right. the regional banks -- listen, i think you have to differentiate. so silicon valley bank was not a traditional regional bank. it was a rapid growth bank. it had porous management. i didn't really load up on dodgy loans or speculative investments. brought a lot of securities. because they had low interest rates, with interest rates rising, they lost a lot of
11:17 am
market value. there are easy ways to manage that risk which they didn't do. but it was rapid growth. it was poorly managed. it had a close-knit group of depositors that talked to each other and ran at the same time. that is unique. that is not what most traditional regional banks are. they're very healthy. they're diversified, they have core deposits, households, businesses, they're not all perfect. for the most part, regional banks have been a very good backbone of our banking system. during the financial crisis, they performed very well. certainly as compare today the large -- the very largest banks. don't give up -- regional banks are fine. they're an important part of the economy and let's not worry about them too much. go ahead. >> we don't want to be in a situation where we rely on four major banks and that's it -- >> that's exactly right. >> these regional banks are very important. the good news is, it does seem like the worst of this crisis
11:18 am
has been averted thus far and there remain competence two days in following the fed's decision in these regional banks as a whole. thank you so much for joining us. >> happy to be here. thank you. so in yet another sign of turmoil in the tech industry, meta says it is laying off another 10,000 employees. they will also eliminate 5,000 open positions. this comes four months after the tech giant laid off 13% of its workforce. >> in a memo, meta's ceo and founder mark zuckerberg wrote this will be tough and there's no way around it. a leaner organization will execute its highest priorities faster. people will be more productive and their work will be more fun and fulfilling. >> not so fulfilling for the people being laid off. wild weather from coast to coast. in the northwest hundreds of thousands are with power as heavy snow blankets the region.
11:19 am
>> in california, 30 million people are under flood watches as the state braces once again for heavy rain. we'll have a live update next. the subaru solterra electric suv. subaru's first all-electric, zero-emissions suv. (man) we've got some catching up to do. (woman) sure do. (vo) built to help you protect the environment as you explore it. love. it's what makes subaru, subaru. when covid hit, we had some challenges. i heard about the payroll tax refund thaallowed us to keep the people that have been here taking care us. learn more at getrefunds.com. there's always a fresh deal on the subway app. like this one! 50% off?! that deal's so good we don't even need an eight-time all-star to tell you about it. wait what?
11:20 am
get it before it's gone on the subway app! people remember ads with a catchy song. so to help you remember that liberty mutual customizes your home insurance, here's a little number you'll never forget. ♪ customize and save. ♪ only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ i brought in ensure max protein with 30 grams of protein. those who tried me felt more energy in just two weeks. uhhhh... here, i'll take that. [woo hoo!] ensure max protein, with 30 grams of protein,
11:21 am
one gram of sugar and nutrients for immune health. my most important kitchen tool? my brain. so i choose neuriva plus. unlike some others, neuriva plus is a multitasker supporting 6 key indicators of brain health. to help keep me sharp. neuriva: think bigger. new kombucha business... ... i thought there would be a lot more kombucha... ...and a lot less business. inner voice (graphic designer): as a new small business owner... ...i've learned that trying to be the “cool” boss... ...is a lot harder when you're actually the “stressed” boss. inner voice (furniture maker): i know everything about my new furniture business. well, everything except... ...the whole “business” part. not anymore. with quickbooks, you can confidently manage your business. new business? no problem. yeah. success starts with intuit quickbooks. not flossing well? then add the whoa! of listerine to your routine. new science shows it gets in between teeth to destroy 5x more plaque above the gumline than floss.
11:22 am
11:23 am
bearing down on much of the region, including interior new england. at least two feet of snow has already dropped across western maryland and southern vermont. >> the city of worcester, the heart of the commonwealth, is really getting slammed. officials there warn that heavy winds could lead to huge power outages. more than 250,000 people across the northeast have already lost electricity with many schools and city offices shut down. in new jersey, the governor had this message for residents. >> this could be a foot of snow. this is a meaningful storm. of course it's coming in march which that's the -- the good news is, we have a short runway until we know the weather is going to get better. but that doesn't mean tonight and tomorrow won't be tough events for a lot of folks out there. please, please, please be careful. i reiterate, if you don't have to go out, don't go out. >> all right. that's new jersey. let's go back to massachusetts. chris nguyen is in the thick of it in worcester.
11:24 am
what are you seeing there? >> reporter: yeah, john and bianna, good afternoon to you, here in worcester, what started out as mixed precipitation has now turned into this heavy wet snow that's been accumulating across the region. in fact, according to the national weather service, some parts of worcester county could see up to a foot of snow. this heavy wet snow good for building a snowman, but certainly bad for drivers. now, we've seen plenty of plows out this afternoon. but what makes this weather so challenging is that, you know, because it started out as rain, massdot wasn't able to treat the roads. that's going to be a concern tonight especially as temperatures begin to drop. a statewide massdot expects to deploy around 3,000 pieces of equipment. they're urging the public to get home early tonight so that -- they want to keep those roads clear as much as possible so that the plows are able to do their job. john and bianna?
11:25 am
>> thank you. >> just down the street from my father who says the snow is really, really heavy there. in central california, crews are frantically trying to shore up the levee breach in monterey county. they want to do it before the next atmospheric storm moves in today. a second smaller breach happened just last night but that break is lowering river levels by forcing water into the ocean. today's storm is expected to inundate cities already flooded by recent rain. 30 million people across northern and southern california are under flood alerts. let's go to jennifer gray. let's start with the nor'easter, what are you seeing and looking out for? >> it's wild to have such significant systems on both coasts at the same time. we have the west coast, the east coast, we'll start in the east where you can see the snow falling -- heavy snow across portions of the northeast.
11:26 am
the consistency of the snow is superimportant with this storm because it is heavy. it's wet. so it's going to bring down tree limbs. we've seen a lot of power outages. it could compromise structures. it's a very heavy snow. but this will continue throughout the overnight hours tonight and into tomorrow before it starts to wind down. this is by the time we get into 9:00 tonight, pretty much ending for new york city. boston is still in it throughout the overnight tonight. tomorrow should be improving throughout the day. and then by midday tomorrow, we should be in the clear. but the additional snowfall forecast, we're looking at anywhere from 4 to 6 inches. some areas could see 12 to 18. an additional 2 feet of snow across portions of the higher elevations as we go through tomorrow. wind gusts are also a problem, 40 to 65-mile-per-hour wind gusts. so aside from the snowfall or on top of the snowfall, you're going to have very gusty winds
11:27 am
that's only going to make the power outages more likely. a lot of people will be spending tonight in the dark across the northeast, guys. >> jennifer, let's go back out west. let's talk about the rain and flooding in california. what are you expecting there? >> huge flash flood threat. and this one is interesting because we're seeing the rainfall where snow has previously fallen from these atmospheric rivers over the last couple of weeks because the rainfall is falling at a higher elevation. the flash flood threat is very real with this system. we have rain that's falling and we have rapid snow melt so that flood watch is in effect. we have very heavy rain that's going to be expected across much of the state. you can see all across northern to southern california, snow for the very high elevations across the sierra nevada, but we are going to see mainly rain for the lower elevations as that pushes forward, we're going to see that all the way through this evening. should be wrapping up by the time we get into tomorrow. >> relief to see clear coverage
11:28 am
over california at some point soon. they need it. jennifer gray, thank you. all right, brand-new cnn polling out just today that shows important differences between trump and desantis voters. plus former president trump is coming out swinging against anyone he sees as a roadblock to the white house. we'll tell you what he said up next. ♪ this feels so right... ♪ adt systems now feature google products like the nest cam with floodlight, with intelligent alerts when a person familiar face is detected. sam. sophie's not here tonight. so you have a home with nworries. brought to you by t.
11:30 am
11:31 am
to empower what's next. i screwed up. mhm. i got us t-mobile home internet. now cell phone users have priority over us. and your marriage survived that? you can almost feel the drag when people walk by with their phones. oh i can't hear you... you're froze-- ladies, please! you put it on airplane mode when you pass our house. i was trying to work. we're workin' it too. yeah! work it girl! woo! i want to hear you say it out loud. well, i could switch us to xfinity. those smiles. that's why i do what i do.
11:32 am
11:33 am
republican nomination. >> during trump's first trip to iowa, he has intensified his attacks on desantis, hitting him on his record of ethanol and tying him to the establishment wing of the party. >> remember this, ron desantis, did anyone hear of that. he strongly opposed ethanol. he fought against social security. he wanted to decimate it and voted against it three times. but you have to remember ron was a disciple of paul ryan. >> alice stewart is a republican strategy, olivia troy is a former adviser to mike pence. alice, let's start with you. it's interesting, the "new york times" reports that in response to those comments from the former president, the audience was mixed, both applause and groans. and it comes as we have new cnn
11:34 am
polling showing that among republican voters, 40 of them would support donald trump as the republican nominee. but look who is at a close second, ron desantis at 36%. they're the only two who came out in double digits. both mike pence and nikki haley coming in 6%. alice, your reaction in terms of how you think the trump camp would respond to these figures saying that desantis is tailing him closely. >> yeah, they should certainly be concerned, bianna. what we see in poll after poll since the former president left office, his numbers are staying the same amongst the gop and ron desantis continues to grow and he's gaining support. look, for someone who is not even in the race for 2024, ron desantis is living rent free in donald trump's head and it's not making any impact on the favorability and popularity of
11:35 am
ron desantis. we're seeing numbers out of iowa where republicans in the state of iowa say they would be more likely to support a candidate outside of donald trump. that should be extremely concerning to the president. look, what we're seeing -- i spoke with evangelicals in iowa over the weekend. many of them say they're ready to turn the page. they want someone who spouses the policies of donald trump but without the tenor. ron desantis is in the state getting feedback from there and reassuring him that he has the policies that many in the republican party support. he wants to work on the economy which is very strong in the state of florida. he wants to focus on education and crime and safety. and he's going to do so in a way that is not as toxic as they've seen from donald trump. >> olivia, our poll, which shows donald trump with 40% of republican voters, ron desantis with 36, has another interesting series of numbers there. when you look at the draesantis
11:36 am
versus trumps voters, those with incomes under 50% support trump overwhelming, 52 to 27%. with incomes over $50,000 ron desantis holds the lead and education is a similar thing. no college, trump. college grad, desantis over trump. that was interesting. i wonder if you can marry that to what we've seen from each candidate the last few days. trump going after desantis on social security and desantis all of a sudden to fox news saying that he does not support the u.s. efforts to help ukraine, calling it a territorial dispute. explain all that. >> yeah, mean i mean it's wild to see those numbers. it shows you the division between the two front-runners in the republican party. one of them is pandering to the base which is trumpism. i think that trump is still kind of trying to claim that he represents the forgotten
11:37 am
republican, so to speak, the working class, i would say that is his bread and butter. that's the message that he used all along to get elected i think the first time around. i think desantis is trying to establish himself. that was the entry into the foreign policy field. i have to say that as a national security person from my perspective, it's horrifying to me that you have two potential front-runners for the republican nomination espousing proputin and standing against ukraine. i think we have fallen very far from the reagan party i would say. i'm glad that ron desantis put himself on the record. it's a slap to the courage of the people of ukraine, but that's good to know that's who he really is. >> alice, let's pick up on that. that was a jaw-dropping statement. it's not a one-off. just a few weeks ago he said that vladimir putin discuss not pose a threat to the west and he's saying that the war in ukraine is a territorial dispute. what impact is this going to have on the party as a whole when for the most part in terms
11:38 am
of leadership, republicans are in support of ukraine and their defense of russia's illegal invasion? >> look, clearly desantis has a nuanced position when it comes to ukraine and his response and follow up on some of the criticism he's received. his team has been quite clear on he does support ukraine, but he wants to make sure it's not simply a blank check and he wants to make sure that any assistance or military equipment that we give doesn't escalate and take this fight outside of the borders. he's got a very nuanced position on that. i did want to comment on the college-educated and noncollege-educated support for trump and desantis. what i think is another concern for donald trump, he's going to continue to hold many of the noncollege-educated republican voters. but as desantis continues to get out there, i believe there's more of a chance for him to pick up the noncollege-educated
11:39 am
voters than it is for donald trump to try to peel off some of the college-educated voters, many of which left him and left their support of him because of the way he acted while he was president, the name-calling and january 6th and election denying, and conspiracy theories. those cross tabs will be interesting to watch in the days and weeks ahead. >> desantis has yet to announce what he's going to do and respond to these attacks from the former president. we'll see how long he can keep that up. alice stewart, thank you. >> thanks. the justice department is investigating the collapse of silicon valley bank. this has many of the bank's clients are asking for help. we're going to speak with the founders of a children's company who had cash reserves in that bank. we got the house!
11:40 am
you did! pods handles the driving. then we delivers to your new home - across town or across the country pods, yo personal moving and storage team. the hiring process used to be the death of me. but with upwork... with upwork the hiring process is fast and flexible. behold... all that talent! ♪ this is how we work now ♪ where do you want to go? senegal 38%, portugal 29. did you know that? i had no idea. the more you learn the more you want to know, and then it just fuels that fire. we now live in a place our ancestors have been for many, many years and we had no clue. nigerian. i got a lot of it from you. explore your family story with ancestrydna. now on sale. ♪
11:41 am
♪ ♪ a feeling this dynamic is invite only. ♪ fortunately, you're invited. experience the exhilaration of the performance line at the invitation to lexus sales event. there's nothing like volunteering at the fire department. there's nothing like hitting the waves. but with my moderate-to-severe eczema it hasn't always been easy,... ...since my skin was so irritated and itchy... ...and even worse with all my gear on. now, i'm staying ahead of my eczema.
11:42 am
there's a power inside all of us to live our passion. and dupixent works on the insie to help heal your skin from within. it helps block a key source of inflammation inside the body that can cause eczema. so adults can have long-lasting clearer skin and fast itch relief. serious allergic reactions can occur that can be severe. tell your doctor about new or worsening eye problems such as eye pain or vision changes including blurred vision, joint aches and pain, or a parasitic infection. don't change or stop asthma medicines without talking to your doctor. healing from within is a powerful thing. ask your eczema specialist how dupixent can help heal your skin from within.
11:43 am
meet three moms who each like to bank their own way. luckily they've all got chase. smart bankers. convenient tools. one bank with the power of both. chase. make more of what's yours. - [announcer] do you have an invention idea but don't know what to do next? call invent help today. they can help you get started with your idea. call now 800-710-0020.
11:44 am
silicon valley bank was known as a top lender for start-ups and small businesses as clients are breathing a sigh of relief after president biden announced that all funds are safe, but many are scrambling to cover expenses in the meantime. the cofounders of the educational toy company slumberkins. thanks so much for being with us. do you have access to your money now? >> yes, we do. we regained access yesterday. >> good. this is as if nothing changed for you. you do whatever you want and whatever you need with the money you deposited there? >> we are now trying to diversify our banking strategy to just have better safety. as a very small business and as educators turned entrepreneurs, this has been a really steep
11:45 am
learning curve and a moment where you're not really thinking that someday your bank will fail. we're thinking about strategy for our business. >> how did you find out this was happening and what was the impact on you for those days of uncertainty? >> we were actually in new york city and started hearing some rumblings of things going bad at silicon valley. we were at a toy conference and by thursday, we had our team working really hard to try to transfer funds out, but the systems were already going down and we were having a really hard time and by the time we got an a flight to come home back to portland oregon on friday, by the time we landed, we found out that the bank had failed and landing from that flight was a really scary moment to know that we were in a world of hurt because we did not have access to our funds anymore. >> talk to me about that world of hurt. what did you do for those 48
11:46 am
hours? >> we were, you know, talking to our board, trying to plan out, you know, how could we make payroll. what's worst-case scenario? how can we make sure that we keep the company going? and it was one of those moments when, you know, from a fiduciary responsibility, somebody said i think we can make a windown plan too. that's something we need to consider. i think at that point, we were so determined not to go down that path, that we decided to call in our community. we have a really strong community of parents and teachers that have supported us as a small business, growing to where we are, and so we called out to them, telling them what was going on and we were really transparent and they have answered the call. so we were able to have a sale that generated revenue that went into a new bank account that we could use as operating cash. >> if president biden hadn't announced government support for deposits there, what would have
11:47 am
happened to you? >> you know, we were lucky that we had inventory on hand to generate cash sales to go to a new bank. with what she just explained, the cash generated by the community support rallying around the brand would have given us this buffer of time to navigate the unknown. it still is unknown. the markets are a little bit unstable where we rely as a start up, we rely on investment and venture funding which we aren't that confident in at the current moment. and so it makes -- it really was a feeling of no one is coming to save us, we're on our own. let's turn to the community that surrounds this brand and they really showed up. >> i can't imagine what it was like to get off that flight and find out that your bank had failed and i'm happy for you that it's back to sort of business as usual. thanks so much for being here. >> thank you for having us. the epa is proposing a
11:48 am
brand-new rule to make your drinking water safer. we'll tell you about it up next. let's do it. woah. shh, mommy's sleeping. troducing adt self setup featuring google nest pr. now you can easily install by adt's 24/7 monitoring, with no long-term contracts. - hey you two. have fun. - bye mom. when the most trusted name in home security adds the intelligence of google, you have a home with no worries.
11:49 am
brought to you by adt. type 2 diabetes? discover the ozempic® tri-zone. in my ozempic® tri-zone, i lowered my a1c, cv risk, and lost some weight. in studies, the majority of people reached an a1c under 7 and maintained it. ozempic® lowers the risk of major cardiovascular events such as stroke, heart attack, or death in adults also with known heart disease. and you may lose weight. adults lost up to 14 pounds. ozempic® isn't for people with type 1 diabetes. don't share needles or pens, or reuse needles.
11:50 am
don't take ozempic® if you or your family ever had medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2, or if allergic to it. stop ozempic® and get medical help right away if you get a lump or swelling in your neck, severe stomach pain, or an allergic reaction. serious side effects may include pancreatitis. gallbladder problems may occur. tell your provider about vision problems or changes. taking ozempic® with a sulfonylurea or insulin may increase low blood sugar risk. side effects like nausea, vomiting, and diarrhea may lead to dehydration, which may worsen kidney problems. ask your health care provider about the ozempic® tri-zone. you may pay as little as $25. 92% still active? seems high. seriously? it's just a bike. wait. they make a treadmill with an intuitive speed knob? yeah. want to try? 92% stick with it, so can you. start a 30-day home trial today. terms apply. if your business kept on employees through the pandemic, getrefunds.com can see if it may qualify for a payroll tax refund of up to $26,000 per employee. all it takes is eight minutes to get started. then work with professionals to assist your business with its forms and submit the application.
11:52 am
all right, the epa today proposed new guidelines to make the water we drink more safe. the rules would create the first national drinking water standard for so-called forever chemicals. >> these chemicals are used in nonstick cook ware, cosmetics and food package. the chemicals can linger in the environment and human body for years and cause serious health problems. cnn correspondent elizabeth cohen joins us with more on this. these so-called forever
11:53 am
chemicals are linked to some very serious health dangers. can you talk to us about when utthese new recommendations are. >> right, they are linked to some very serious health problems. it doesn't mean they cause these health problems, but they be been linked to them and that's why the epa wants to start setting limits for at least some of these chemicals. so let's take a look at some of the health problems that have been linked to these chemical. they're called forever chemicals because they do linker. they've been linked to cancer and immune effects. people have been begging the epa to do for this many, many years now. they're saying we're going to regulate them. we're going to start making changes. so water systems have about three years to start getting these limits down, and also it's unclear -- >> all right, elizabeth, i'm sorry, we're going to interrupt you and take you straight to the pentagon holding a briefing on
11:54 am
the u.s. drone brought down earlier by a russian drone. >> to my knowledge at this time the russians have not recovered that aircraft, but in terms of our recovery efforts don't have any updates to provide right now. thank you. >> regarding north korea's submarine launch strategic cruise missiles north korea, north korea has announced that it's possible to monitor a nuclear warhead on strategic cruise missiles. >> let me just make sure i understand. what's the readiness of the u.s. to respond to a nuclear
11:55 am
provocation by north korea? well, i think we've been very clear that were north korea to employ a nuclear weapon it would be the end of the north korean regime. our focus continues to work closely with our allies and partners in the region to deter aggression and that will continue to be our focus. >> just a real quick clarification. what did the fighter jet -- what did he strike the m29 with? was it the wing -- >> i can't you what specific portion of the aircraft, but it essentially ran into the mq9. >> and separately ukraine there's reports out there that ukrainians are running out of munitions, they're having shortages. is that a concern for the pentagon, and what's the pentagon doing to alleviate that problem? >> yeah, so as we've been doing
11:56 am
since the beginning of this campaign we're doing everything we can to meet ukraine's needs whether it's ammunition, air defense, armor. you heard us talk defensively about that. tomorrow's discussion, of course, will be another opportunity to bring the international community together to focus on ukraine's most urgent needs to include ammunition. and so, again, that will continue to be our focus, and you've heard secretary austin and others say that we're committed to making sure they have what they need to be successful. >> is there an assessment the pentagon has on why they're running out of ammunition? is it because they're expending it too fast? is it not making it to the battlefield in time? >> i'd have to refer you to the ukrainians to talk about their efforts to supply their individual items. again, we're closely with them and our international partners to get them what they need. i think it's also important to
11:57 am
take a step back and look at the progress that has been made while recognizing there is a still tough fight ahead particularly as we go into this spring and summer. so our focus again is going to be working with national armaments directors, with ukrainians to get them the ammunition they need and get them to the front line units as quickly as possible. let me go back over to this side of the room. yes, sir. >> thank you. can you guide us through the time line of the mq9 intercept and were there radio communications between the russians and the united states? >> so on the latter part of your question, no, none that i'm aware of. and i would ask you go back and confirm this with ucon, but based on the information i have here it seems like approximately
11:58 am
30 to 40 minutes they were flying in the vicinity of this mq9 and 7:03 a.m. central european time is when they collided causing it to crash. >> the u.s. forces had to bring down the aircraft. does that mean united states piloted to the crash site or struck -- >> we brought it down. >> and also is there any u.s. naval assets currently in the black sea? >> again, i'd have to refer you to navier for any details on particular assets in the region. thank you. laura? >> can you talk a little bit more about the damage to the m
11:59 am
mq9, was it unflyable and that's why you had to bring it down and how often this kind of thing happens in the black sea? >> yeah, so i don't have any statistics in front of me in terms of intercepts, but again as i highlighted the fact that intercepts of aircraft are not uncommon in and of itself. it's not obviously a daily occurrence. the vast majority of those intercepts are what we would consider safe and professional, just wanting to see what's there, right? you're flying alongside it to be able to see what's there. in this particular case, though, again they collided with the aircraft, damaging the propeller and essentially putting it in a situation where it was unflyable and uncontrollable so we brought it down. thank you. time for a few here. >> just want today check to
12:00 pm
confirm any communication with allies such as turkey about potential recovery of the drone? and is there any concern russia could provide the drone to iran if it recovers it? >> so that would be a hypothetical. again, russia does not have the drone. in terms of working with allies and partners i don't have anything to announce here. but if and when we do, i'll let you know. >> thank you. i know you don't want to share lots of information especially intelligence information, but are you able to say whether the mq9 was flying near ukraine or near the crimean peninsula. and i believe you said if i heard right the russians did not recover the drone. however, have you seen any effort by the russian navy to try to recover the drone? >> yes, on your latter question
124 Views
IN COLLECTIONS
CNN (San Francisco) Television Archive Television Archive News Search Service The Chin Grimes TV News ArchiveUploaded by TV Archive on