right now in america this morning emergency action overnight to avert a crisis in the banking industry as a second bank goes belly up the second in three days with the federal government is doing now to calm the markets and protect more banks. the biden administration denying this is a taxpayer funded bailout. we'll take a closer look at what led to this crisis and what happens next. also new overnight. the flooding crisis in california, worsening more evacuations ordered as yet another major storm takes aim at the west coast and in the east. a late season nor'easter could dump 20 nches of snow by tomorrow. we time it out. history of the oscars. and

ladies, don't let anybody tell you you are ever past your prime . the big winners and the big inspiration at the 95th academy awards from who showed up to who didn't and all the fashion hits and misses. also this morning. what's being described as a riot at a border crossing in texas a new announcement about oil and gas drilling in the arctic as the white house makes a controversial move in alaska and later a new legal battle over chicken wings. new york. this is america this morning. good monday morning, everyone i'm andrew denber, everyone. i'm rian and ali. we want to begin this morning with emergency action overnight to avert a crisis in the banking industry. federal government is making a major move, hoping to calm the markets after a second bank failure in just three days. the government is now guaranteeing depositors at silicon valley bank and signature bank will have access to all of their money today.

critics are calling it a bailout. but the biden administration insists that is not the case. all of this comes amid a period of inflation. and rising interest rates. the markets were steady overnight. the question now is, could more banks be at risk? this morning. the government is deploying emergency measures to stop a potential banking crisis, including the takeover of another regional bank, signature bank of new york, just two days after regulators shut down silicon valley bank, the second largest bank failure in u. s history, i think that without this, there could have been some serious runs on other banks because there would have been a loss of confidence. throughout the whole system, the federal reserve last night announced clients at both banks will get access to all their funds. when branches open today, not just the $250,000 insured by the f d i c. treasury secretary janet yellen insists this is not a bailout because the funds are coming from a pool of money paid into by wall street different than the taxpayer funded bailouts of 2008. this is not a

bailout. this is. change of policy. yes, but. hmm the f d i c s funding. does not come from taxpayers that comes from the banks. the big banks. all the turmoil began last wednesday when silicon valley bank, a large lender in the tech industry, tried to sell assets to boost its balance sheet that panicked investors and customers race to withdraw their money. after seeing the news on social media, it's a confidence game and social media can destroy confidence very quickly. twitter was just a blaze with concerns about what was going on here, and that creates a wildfire situation. senator bernie sanders blames silicon valley bank's collect caps on successful republican efforts in recent years to relax regulations on small and medium sized banks. as for signature bank, the reason for its collapse remained unclear. overnight. many of signatures clients are in cryptocurrency. over the weekend. the uncertainty spread to another regional bank first republic

because of its similar profile to silicon valley. many customers concerned trying to figure out but this is the best place to hold them up. but overnight, first republic said it secured funding from jpmorgan chase and the federal reserve. in the meantime, experts say, the emergency program announced by the fed should be enough to calm financial markets and prevent a domino effect cases different. i don't think this is anything like 2008. i don't think we have to worry about that. we don't have contagion in the financial system itself. jpmorgan chase and pnc are among the banks reportedly in talks to acquire silicon valley bank. silicon valley has drawn criticism for reportedly paying bonuses to employees just hours before the bank was seized by the government. new evacuations have been ordered in california as yet another major storm approaches, raising the risk for more severe flooding and as the west coast prepares the east is getting a storm of its own. this morning. millions in california

are bracing for a new round of storms as floodwaters inundate neighborhoods we are looking at expanding evacuation orders. authorities in monterey county now expanding evacuation orders after the salinas river began to overflow flooding towns along its banks. this is a very important evacuation order because it encompasses a large amount of residential structures. dramatic video shows the rescued by helicopter of a man stranded after floodwaters washed away his car. hours earlier, a levee breach on the nearby baharu river forced residents to flee more than 3000 in monterey county have now been evacuated. first responders navigating the streets, searching for people stranded and submerged vehicles were up to close to 200 rescues. now reservoirs around the state are now releasing water. this one's cranking out at 30,000 cubic feet. for second. this is folsom lake reservoir, which serves all

of sacramento. it went from extreme drought to now having too much water. california is bracing for another atmospheric river with between three and six inches of rain expected in much of the state in the next few days, meanwhile, on the east coast, a late season nor'easter is expected to form tonight, bringing rain and snow up to 20 inches in parts of massachusetts , with coastal flooding expected from new jersey to maine. strong winds could cause widespread power outages. we will have your forecast coming up in just a few minutes. developing story now from the southern border with some are describing as a riot near a border crossing in el paso migrants reported the rushing a bridge leading to a standoff with border agents. abc is lindsey watts is here now with more lindsay. good morning. andrewgood morning to you about 1000 migrants rushed a bridge linking mexico to el paso, texas . last night. border patrol agents say they put up new physical barriers as the group approached, and reports say no one from the group entered the

city. it comes as the texas department of safety urges residents to avoid traveling to mexico for spring break due to recent crime. two sisters from texas and their friends are currently missing in mexico, and last week, two americans were found dead after their group was kidnapped just across the border . meanwhile i suspected human smuggling case ended tragically off of california. at least eight people are confirmed dead after two boats capsized near san diego. a total of 23 people were on those two boats, andrew lindsay. thank you. we turn now to hollywood and the history making night at the oscars. everything everywhere all at once dominated last night, serving up an inspiring message about immigrants about age and about resilience. but the 95th academy awards conveyed plenty of other messages as well. variety called it a night of comebacks and reassessments abc . melissa adan is there. she's been up all night, melissa. good morning to you. hello brianna

and andrew. i am so excited to join you all this morning. it's almost sad to say that the oscars has ended. but what an incredible show. i got to say that it was just kind of spectacular because the oscars brought the glam and the drama, but this time around, it was the kind of drama that we wanted to see as we really took in all of those inspiring speeches, even those musical performances and then we got to see the big winner for best picture. and the oscar goes to everything. everyone. barriers everything everywhere, all at once nominated for 11 academy awards and coming home with seven, including the top prize as well as quan, with best supporting actor. my journey started on a boat i spent a year in a refugee camp. and somehow. i ended up here on hollywood's biggest stage. the historic

awards show featuring 16 1st time nominees like best actor winner brendan fraser for his powerful performance in the whale. this is what the multiverse looks like. oh my goodness. jamie lee curtis taking home her first oscar gold since her career began 45 years ago, winning best supporting actress. my mother and my father were both nominated for oscars in different categories. i just wanted oscar. performance by rihanna for oscar nominated song lift me up from black panther wakanda forever and this surprise performance by lady gaga jimmy kimmel, not holding back any punches. addressing the crisis team the academy created this year following last year's infamous slap this point in the show,

kind of makes you miss the slapping a little right. all jokes aside the emphasis sunday night on the achievements stephenie hsu emotional watching her co star michelle yeoh, becomes the first asian to win% best actress. this is proof dreams dream big and dreams do come true. and ladies, don't let anybody tell you you are ever past your prime i love it so much, right? how can you not really just take in her message ? it is so encouraging. that's what i love about the oscars you can see and listen to the stars. yes, they're stars, but their journey also really reflects on yourself personally, and that's what i think is just so inspiring for everybody. you really can take something out of it. and i was so happy and pleased to see that at the oscars, and it was also my first one. so reporting live in hollywood. i'm melissa bbc news back to you, ryan and andrew.

nice job on your first oscars. melissa thank you so much, much more oscas coverage later this half hour with some surprising moments. and, of course, all the top fashion. we gotta talk about that all right time now for a look at your monday weather. good morning. no rest for storm weary california. another big storm over the next few days will bring flooding rain, lots of wind and power outages and snow in the mountains. this storm will make its way from north to south through wednesday . meantime we have active flood watches and warnings for much of the state, especially north of los angeles. we also have a big storm brewing here in the northeast northeastern will develop today and tonight and dumped heavy snow north and west of boston and new york city. accuweather meteorologist kevin costner in. magician attacked on stage on a cruise ship first what we learned overnight about a controversial oil drilling project in alaska.

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was that good for you guys? we're back now, with word that north korea has test fired two cruise missiles from a submarine. it came hours before the start of us military exercises in the region. analysts are expecting more north korean weapon tests in the days ahead, the white house has said to approve a major oil drilling project on federal land , so called willow development in alaska will be approved today . despite protests by environmentalists, the $8 billion project has received bipartisan support from alaska's congressional delegation.it will be smaller, though, than first plan means. while in a nod to environmentalists that biden administration is now declaring the arctic ocean off limits to oil and gas leasing. a pretty shocking moment on a royal caribbean cruise performer was allegedly assaulted during a

show magician ben murphy called a volunteer on stage for a card trick when they touch cards. a man believed to be the volunteers partner charge the stage and pushed murphy over, murphy says he hit his head and suffered blurred vision. tough video to watch their florida is bracing for a 5000 mile wide seaweed bloom almost twice as wide as the entire united states. it's bearing down on florida's east coast, and scientists say it could choke coral and hurt air quality. right now, all that seaweed is a drift between africa and the gulf of mexico. coming up a new legal battle over chicken wings also ahead, new details about how a podcaster and her husband were killed allegedly by a stalker, even after getting a i've never been healthier. shingles doesn't care. but shingrix protects. proven over 90% effective, shingrix is a vaccine used to prevent shingles in adults 50 years and older. shingrix does not protect everyone and is not for those with severe allergic reactions to its ingredients or to a previous dose. an increased risk of guillain-barré syndrome was observed after getting shingrix.

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to deceptive advertising. the company has not commented no comment. we turn now to the murder of a podcaster and her husband. they were killed in their home, allegedly by a listener who turned into a stalker. abc is lionel moise has more on the investigation. this morning. new information in the case, authorities say had the absolute worst outcome. the murder of seattle podcast host 33 year old zuri siddiqui and her husband, active hostage situation is not detained. police say 38 year old remain hoda karam res ary stalked the podcaster before showing up at her redmond home, climbing through a window. that particular bedroom was occupied by the female victim's mother. the suspect, um, essentially pushed past the mom her mother staying there because of the alleged stalking ran to a nearby home to call 911 police say when they arrived, two decades husband came to the door but collapsed from a gunshot wound.

they say the suspect had taken his own life. siddiqi had felt a protection order against the suspect, who had first reached out to her on a chat app where she facilitated discussions on jobs in the tech industry, but things escalated siddiqui calling the alleged stalker delusional writing. he won't let me go and the only thing that will make all of this stop is if he killed himself or died. she said. he called more than 100 times crying and begging to speak to her, leaving her husband more than 20 messages a day, even showing up unannounced , staying at nearby hotels, but police say they were unable to track the suspect down about the protection order because he was a long haul truck driver. often on the road. former colleagues reacting to the news. can't imagine anyone wanting to do any harm to her at all. and she's just such a beautiful person that's really sad. responding to questions about how they handled the case. police stressed that a protection order allows officers to act if a person violated but

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cringeworthy interview of the night. do you have your hopes up for anyone, um, not not not no one in particular, you grant shutting down nine. questions in a row from ashley graham, including the ones about his cameo in glass. onion barely in it. i mean it for about three seconds, but still you showed up and you had fun, right? almost okay. alright at least 32 legs on display as the slit made a comeback on the oscars, carpet. from nicole kidman to halle berry and inside the dolby 89 ft and six inches the length of jimmy kimmel's descent to the stage at the top of the show. five irish actors nominated this year, which means the odds of another fight on stage just went way up. one major star missing tom cruise, tom and james cameron didn't show up tonight. the two guys who insisted we go

to the theater didn't come to the theater. but one surprise star appearance jenny the donkey , one near stumble from elizabeth banks and zero clapping from angela bassett after her surprising loss to jamie lee curtis, but one course shoutout shortly after we love you. and more than 20 dancers performing not to not. to. the electric dance till you drop performance is the first song ever from an indian production to be nominated for an oscar and the first to win. finally at the end of the show, jimmy kimmel updating the oscars without incident counter back. to one one final number, the runtime. the oscars ran for three hours and 35 minutes, which is not the longest. that was 2002, which was four hours and 23 minutes. you guys, but i'm told one outfit in particular is getting a lot of attention. check out tens in a gorgeous looking looking puffy white gown really

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stunning collapse of the silken valley bank. we explain as we wait address from president biden this morning. >> if anything violent happens during the ceremony, just do what you did last year, nothing. kumasi: the 95th oscars did n disappoint. we are looking at food, fashion, all of that. reggie: a lan francisco taking a big hit. the damage from the wind and heavy rain. kumasi: more rain on the way. a flood watch is in effect expected to last through tomorrow night. reggie: good morning. kumasi: let's get a check of the forecast. drew: best to see you. kumasi: