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tv   ABC7 News Getting Answers  ABC  March 13, 2023 3:00pm-3:30pm PDT

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>> building a better bay area, moving forward, finding solutions, this is abc 7 news. kristen: hi there. i am kristen sze. you are watching "getting answers," on abc 7. everyday, we talk with experts about issues important to the bay area, and we get answers for you in real-time. today, many investors want to know, what is happening to their money, after the failures of silicon valley bank. we talked to a startup founder about how he is being affected by the crisis even as regulators backed up deposits. it is the day after hollywood's biggest night. we are talking to experts about the acceptance speeches, the big winners. and the snow is piling up around the state, including at yosemite
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national park, which is closed indefinitely. we talked to the park ranger about the extreme weather bear with another atmospheric river knocking on our door. let get to spencer christian to talk about that atmospheric river, another one, christian. spencer: it is not only knocking on the door, it is about to push the door down. you are looking at live doppler 7 right now. you can see we don't have much active weather going on. we have very high concerns about roadway flooding, stream and creek flooding, trees being blown down, power outages, mudslides, debris flows, and river flooding. let's get right to the storm on the exclusive abc 7 storm impact scale. it is a level 3. that is a strong storm. it is pushing around midnight tonight. during the morning tomorrow, we are expect moderate to heavy rainfall, strong wind gusts. mostly sunny.
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if the storm at 10:00 will be approaching, and after midnight, it will slam the entire bay area between midnight and 5:00 a.m. as the morning commute gets underway, the form will be quite intense, so commuters should bear that in mind. intense hours of the storm pushed out of the area, but there will be pockets of rain following the main body of the storm. rainfall totals by tomorrow night, just under one inch at san jose, half moon bay, hayward, oakland, to well over two inches in some spots, well over one inch in many other locations. we have a high wind warning that will be in effect from 11:00 tonight until 5:00 a.m. wednesday. wind gusts will exceed miles an hour in the valleys, and down at sea level, upper higher elevations and the coast, we could see gusts at 70 miles an hour. by 6:00 tomorrow morning, we
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will have gusts near 40 miles an hour at the coast, over 50 miles an hour at the coast at 10:00 tomorrow morning, and on and off we go with the winds being very powerful and potentially damaging. a flood watch will be in effect from this evening until monday morning -- wednesday morning for the entire bay area because of the rain we are expecting of course on top of all of the saturated soil. that is pretty much a recap of what is going on. the storm will wind down tomorrow evening, but while it is here tomorrow morning, it is going to be very intense, and anyone going out anywhere should be very cautious, kristen. kristen: this one is definitely another serious one. spencer: dr. chin-hong: -- spencer: yeah. kristen: in the meantime, they will get more snow in yosemite to yosemite remains close. it has been 2.5 weeks as workers clear roadways and work to make it safe.
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joining us live now to talk about the historic conditions from one of the top efforts in yosemite history, longtime park spokesperson scott ranger scott, thanks for being on our show. how many years now have you been in that role? scott: 27 years now. kristen: that beats the amount of time i've been here at abc 7. you have that perspective. you've had closures in the park, of course, right? i remember the fergus fe in 20, 18rty. w long is this one, dilosu, relative to others? his is a significant closure pit as you mentioned, we tonmoverenutsh gin 1990 seven,r about two months. but the longest closure was
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due to covid, from march to june, so these types of closures do happen. kristen: so this one, look, you are as factual as they come, so what are the facts with regards to when the park might open? i know people get scared when they hear the word " indefinitely," but don't worry, that does not mean forever and ever. scott:ti. y,eswe are basically hoping for friday. we are hoping to get it open by friday, on st. patrick's day. of course, as spencer mentioned come as you mentioned, we have the atmospheric river coming, so it will be here tonight into tomorrow, so we will see what that brings us. what is interesting the last few days here in the park, we have been recovering from the last storm, which is clearing snow, clearing roadways, getting snow off of roofs, filling, you know, gas, generators. we are preparing for this storm coming in, which is a different
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thing, sandbags, making sure that water can't get into places and things like that pit we are doing two things, trying to do the proactive, getting ready to reopen and react to this atmospheric river. based upon what happened, we are still hoping for a possible friday, but if it is committed will be a partial reopen. kristen: which part do you think will reopen first, and what might come later? scott: what we are looking at now is we have plans. for example, the northwest portion of the park sustained some damage along the road, so we are pretty confident we cannot get the open. the partial opening goes for hotels, campgrounds, things like that. it is not an all or nothing kind of thing, it is just getting
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people in as quickly as we can but most importantly as safely as we can. kristen: right. i was going to ask what are the most challenging points in the slowdown, if you will. hold up not the right word. i understand what you are saying. before you finish the job, another one comes, and you are trying to play catch-up. i want to ask you, you know, with so much snow, how will spring and summer this year be different for visitors, compared to more typical years? scott: well, for the first part of your question, what is interesting, it is not just the road, it is clearing around fire hydrants, what we call health, life, and safety, making so it is safe for people to commit. what is interesting is we have got a really cold snowpack, a little different from what we saw back in 1997, but i the same time, the lower elevations, we could see a lot of impacts, so for people coming in spring and
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summer, i can definitely guarantee there will be big waterfalls. there are big waterfalls today. but what that also means is that some of the high country trails, for example, for the hikers and backpackers up in quality meadows might not be up as quickly, streams will be running full for longer, things like that. it is all part of the beauty of mother nature that i am privileged to experience every. kristen: indeed, because you live in the park, right? scott: i do. kristen: what is it like having the park to yourself for this long? scott: well, this one has been interesting, because len, again, we've had closures before, but this one is so interesting in the fact that we have really come together in a community like we've never seen. this means everyone is shoveling snow, clearing snow away from fire hydrants, trying to get employee houses ready, making sure everyone -- it is such a great collaborative spirit, and
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everybody around the park is just working toward a common goal. this is fellow park rangers, concession employees, folks who work for the school, the post office, things like that. we are getting deliveries come as i mentioned, getting food delivery, getting all of that stuff back as we can, to bring the visitors back. but it has been a really great experience, and like i said, with this amount of snow, i want to be clear, this is the most snow i've ever seen. it has just really created a lot of those challenges, but, again, everybody is coming together. we only have had one minor injury. everyone is working safely together, and there is that cooperative and collaborative spirit on display everyday. kristen: that is amazing. hard to decide in terms of delays for the visitors and work that has to be done. i will just say the most beautiful time i ever spent in yosemite was, i forget if it was 1999 or 2000, but it was a
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snowstorm, and it closed down the park, and no one else could come in, and that silence, it was just mother nature at its very most gorgeous. wow. when people go back, hopefully this friday, scott, it is going to be amazing. scott: yes, it will. like you said, waterfalls, it is like a postcard. i always tell myself, don't take it for granted, and i looked around, just today when i was out earlier, seeing snow in the halftone, el capitan, absolutely beautiful. kristen: inspiring. you keep us posted to see if we can get the park opening on friday. in the meantime, scott gediman, yosemite spokesperson, thank you so much. scott: thank you. kristen: we are going to shift gears next. the fallout from the failures of silicon valley bank and signature bank. we talked to a startup founder about how his company is being affected by
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kristen: concern continues to grow over the future of regional banks in the wake of the collapse of silicon valley bank, the nation's 16th largest bank and one of the leading lenders to tech companies here in the bay area pit this morning, depositors lined up outside the silicon valley bank branch in santa clara before it opened, hoping to withdraw their money or get their questions answered. meanwhile, president biden today, strengthen banking regulations and promised the government is guaranteeing all silicon valley bank deposits, even beyond the usual quarter million dollar protection limit. pres. biden: americans can have confidence in the banking system is safe. the deposits will be there when you need them. small businesses around the country with deposit accounts in
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th banks can breathe easier, knowing they are able to pay their workers and pay their bills. kristen: do tech founders still face problems as a result of svb's demise? joining us is founder and investor, venture capitalist peter. peter, thank you for joining us. tell us about lattice. peter: w company, that manages services for electric vehicles. you see a lot of the bikes around town. kristen: svb. how big of an impact has its collapse had on your business operation at lattice? peter: actually quite big.
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we have not checked our excess abilities to find, but we do not have any deposits or pay invoice or payroll. right now, it is kind of a difficult time for our start up, so we have actually had to start the process, we actually started last friday, and we started moving to that another bank. kristen: i want to ask you, does this mean what you are saying is you may not be able to pay your employees and contractors right now. you are not getting paid either? peter: right now, we are not in a good place to we have not been able to pay ourselves either because of this. right now, most of our staff is actually remote, sort of around the world, so right now we are not able to pay our employees right now. some of our investors
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us cash, i guess, kind of maintain payroll and sticking with that. kristen: i know the fdic has taken over and set up a bridge bank, if you will get hopefully that money will be available to you fully or partially. do you have details on that? peter: hope elite -- hopefully. . we are not the only startup, right? i think we are in a slightly better positioned than maybe some of the other startups where we have some of our assets in other places. but it is going to be a crazy place for a lot of startups. kristen: this is true, right? even before what happened happened, but why do you think svb has been so popular with tech founders and vc's? peter: the reason why a startup like ours can't breeze at some of the bigger banks is
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do transactions, there is just no way for large banks to handle our transaction record, our customers, we pay people out, we receive money from other small businesses, so a lot of these things are flagged as fraud. i guess we are sort of the credit casflow, i think onleyth banks really out there capable of doing this sort of cash flow or for startups. kristen: new york's signature bk, over, and another bank in san francisco got hammered, its shares plunged when trading got halted. are you concerned, as a tech
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founder, that regional banks may go away and then up with just a too big to fail? that could be problematic for you, right? peter: i think, you know, i have been around for a little bit of it while, so this is not the first time these regional banks have been bailed out. they are currently, you know, in the bailout, and, you know, there's no guarantee that these things will continue to be funded. i think for us, there's definitely a lot of concern. i don't know next month whether or not we are going to be very confident, right now, we don't have, like, cash in a drawer. there's no way for us to send money or receive money, so even from a making money perspective, people cannot even pay us right now for what services we provide , and we still have to keep the services on. kristen: challenging times.
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kristen: you watched the 95th oscars right here on abc 7 last night. . it was a crowning moment for "everything everywhere all at once," which took home seven oscars, including three of the four acting awards. who won when it comes to the best acceptance speech? joining us is someone who knows speeches welcome a certified speaking professional and the world champion of public speaking into thousand, ed -- in 2000, ed. ed: thank the program. kristen: you created your own award catoreg speech. why did you do this?
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ed: it makes things more interesting, and there are a couple of tips that i noticed out of some of the more succ wplulsfrsnein jamie lee cu. air four is a phrase that repeat frequently. for example, the most martin luther king's "i have a dream" speech. jamie lee curtis did the exact same thing. kristen: "i won an oscar"? ed:friends, mom and dad, "mom ad dad, we won an oscar." that is a powerful technique that makes your message memorable. some other mistakes that the recipients did was that they n prepare d. it iserntoutuin have 45 secondse
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shorter amou otif meou y you hao prepare, and i know that sounds counterintuitive, but jamie lee curtis, she prepared. i love michelle, the best actress. kristen: can i put on pause, because we have a little clip from michelle. michelle: this is proof, bag, and dreams do come true, and ladies, don't let anyone tell you you are ever past your prime. [cheersnever give up! kristen: yeah! that one line, this i i coach my clients on, a tweetable repeatable. kristen: "tweetable repeatable," ok. you know who tugged at my heart
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was keeley huy quan. >> they say stories like this only happened in the movies i cannot believe it is happening to me. this is the american dream! kristen: that has to be one of the best! ed: i absolutely love this one here you felt the emotion paid i call this, this is a struggle story. i tell my executives, don't talk about your successes, your struggles. he spent a year on a boat in a refugee camp, now he is on the big stage in the world. i had no idea who he was prior to the academy awards, but today i am a huge fan. kristen: he was in " indiana jones"!
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it is one of the struggle, struggle, then finally success, and we love that. how about john travolta introducing the in memoriam segment? let's listen to that. john: they touched our hearts, they made us smile and became dear friends, who we remain hopelessly devoted to. kristen: aww. a reference to their song together, "hopelessly devoted to you." how did that make you feel? does that win one of your award category? ed: absolutely. the most profound, impactful, emotional, etc. this is presenting, and it is an emotional game, it is not a head game. that is why the movies are so successful is because they touch us here and here. kristen: you know, can a bad speech, whether it is on an oscars stage or some other stage, right? you are making a presentation, a pitch to your company, trying to
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get funding, can a bad speech break you? ed: i'm going to say it is hard to recover from a bad speech. i believe you have numerous opportunities, but like when you have a situation like this, where planet earth is going to be watching you, in my opinion, there is no excuse not to prepare. one minute of preparation will save you 10 minutes of rambling. each one of these recipients, they had 45 seconds. again, it is counterintuitive, but you need to prepare more for what i call these high-stakes presentations. if you have a high-stakes presentation, you have got to prepare and have a mindset of "i'm going to win." i think a lot of these winners did not think they were going to win, therefore they did not prepare. i think that is a really big mistake. kristen: ah. any other tips for how we can all speak more confidently and, i think, authentically? that is so important. ed: there is an organization called toastmasters -- the
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definition of it, it is the best organization on planet earth, they help you build your confidence. people don't fear public speaking, they fear public embarrassment, they fear public humiliation. the other thing i'm inviting people to do is, you know, don't practice in front of a mirror, practice in front of a camera. a camera will actually show you authentically how you show up. kristen: ed tate thank you so much. leisure talking to you.
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ri joining us for "getting answers"
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today. we will be here every weekday at 3:00, answering questions with experts from all around the bay area. i will see you at 4:00. >> tonight, president biden takes emergency action to calm fears following the collapse of two u.s. banks. what's being done? also, the nor'easter set to slam the northeast. dangerous winds, heavy rain and snow. first tonight, the president coming before the cameras to ease concerns after federal regulators take control of the u.s. banks. who is paying for this? rebecca jarvis live on wall street. also this monday night, we're tracking two major storms on both sides of the country. the powerful nor'easter, those dangerous winds, heavy rain, difficult driving along the i-95 corridor expected. philadelphia up through new york and boston. and up to two feet of snow in some parts. new york already declaring a state of emergency tonight. and a new atmospheric river slamming california.
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a levee break forcing thousands of

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