it happened, and now you see what the devastation can do. this is as bad as it gets. >> reporter: the region's now poised for several more inches of rain that could hit starting tonight. this as rivers keep rising well above flood stage. a key highway near monterey shut down. and a rock slide closed this highway near big sur. the storms are also dealing a major blow to agriculture. many here are farmworkers. the area called the salad bowl of the world exports more than $3 billion worth of fruits and vegetables each year. now there's crop damage and possible job losses. >> it's going to be hard. >> reporter: this as thousands have been forced to evacuate. more than 200 have been rescued. >> copy. we got visual. >> reporter: including this man trapped by the swollen salinas river. on friday, floodwaters raced through the town of springville. they've now receded to reveal ruin. >> how much dwater did you have in the house? >> reporter: crystal mcgee said

she and her husband had no wrning. they barely got out, and now -- >> you don't know if help's on the way? >> i don't know. i have no idea. i have no idea. >> reporter: tonight the focus turns from the floods to the rain again. there's no way to stop it from flooding again? >> no. i mean we could ask for prayers because mother nature is controlling what is happening to this community right now. >> reporter: and there are still some people in flooded homes here who don't want to evacuate. they plan to stick it out through the next storm, and flooding still is a major threat with more rain melting all that mountain snow. norah. >> carter evans, thank you very much. also in california, emergency crews today called off the search for at least seven missing migrants when their boat sank off the coast of san diego over the weekend. cbs's omar villafranca reports eight others were killed during the suspected human smuggling operation. >> reporter: two boats carrying almost two dozen migrants tried to illegally land on the san diego shore on saturday night.

one of the boats capsized in the choppy water and foggy conditions of black's beach. helicopters and boats later found the bodies of at least eight migrants. >> this is one of the worst maritime smuggling tragedies that i can think of in california, certainly here in the city of san diego. >> reporter: 13 migrants have died this year trying to cross by sea. more than doubling last year's numbers. in texas over the weekend, hundreds of migrants, frustrated by the asylum process, rushed towards a point of entry in el paso. mexican police and border patrol officers, some in riot gear, confronted the mostly venezuelan migrants. concrete barriers were set up to keep the group back. the rush was fueled by a false rumor that the u.s. government was accepting asylum applications. "i am alone. we are alone here. we have been robbed and extorted, and we have no answer. we just want to get in to have a future and help our families. nothing else."

the number of migrants being apprehended has dropped in recent months.. cpb prorocessed roughghly 130,0 migrants in february, down 40% from a peak in december. in san diego, officials don't know what caused that boat to capsize. now, it's worth noting that since 2017, there has been a nearly 800% increase in human trafficking in the southern california coastal region. norah. >> that's quite an increase. omar villafranca, thank you so much. there are reports tonight that the international criminal court is set to bring the first war crimes charges linked to russia's invasion of ukraine. both sides meanwhile are taking heavy losses in the fight for the city of bakhmut, one of several battles that ukraine's president today suggested could determine his country's future. here's cbs's imtiaz tyab. >> reporter: ukrainian forces are fighting with all their might as russian soldiers and mercenaries try to close in on bakhmut. but cbs news has learned they haven't gained any new ground in

the eastern city within the last 24 hours. with ukraine claiming to have killed more than 1,100 russians in the past few days alone. as kyiv continues to send in reinforcements, the remains of ukrainian soldiers are seen still lying where they were killed. across ukraine, cemeteries are now full of fluttering flags. the iconic blue and yellow a symbol of national pride, and now sacrifice. it's hard to know how many ukrainian soldiers have been killed in this war. the government just won't say. but in bakhmut, it's estimated hundreds are killed or injured every day. in the heart of the capital, kyiv, the funeral of a father and son killed together while defending bakhmut. ole and makita. ole's brother, yuri, says --

"my brother covered his son with his own body. he did it to protect him from shrapnel." a father's ultimate sacrifice for his son on the front line as ukraine braces itself for even more death. now, despite the heavy losses in bakhmut, a u.s tells cbs news that moscow is able to replace its soldiers as fast as it's losing them. norah. >> imtiaz tyab, thank you. tonight we learned the republican leader in the united states senate, mitch mcconnell, won't return to work this week and could spend up to two weeks in inpatient rehab. the kentucky senator was released from the hospital today five days after suffering a concussion when he tripped and fell. his spokesman revealed today that doctors discovered over the weekend that the 81-year-old also has a minor rib fracture. federal officials are investigating a bomb scare aboard a united airlines flight. we'll have the details next.

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they found no explosives. in tonight's health watch, a new cdc study finds a disparity in infant deaths. bl black babies dying at almost the rate of three times of white infants. the causes of the rise in sleep related death in black infants are unclear, but it coincided with the start of the pandemic, which hit black communities especially hard. lawyers for tiger woods have responded to two lawsuits responded to two lawsuits brouought byy want luxurury hair repepair that doeoesn't cost t $50? pantntene's pro-o-vitamin formula rerepairs hairir. asas well as t the leadingng ly bondnding treatmtment. for softftness and r resili, wiwithout the e price tag.. if you k know... you knknow it's papantene. it's j just a new w way ofof life for r me. ththe always d discreet papd is super c comfortablele. it feels l like it's bararely there.e. look a at how muchch it hohold, and it stitill stays t thin! i'i've looked d at myselff inin the mirroror and i i can't see e it at all!! that's t the protectction we deserveve!

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. . tonight an isis-inspired terrorist who killed eight people on a bike path in new york city is facing life in prison after a federal jury couldn't agree to the death penalty. the 35-year-old from uzbekistan plowed into people on halloween 2017 in a rented truck. in addition to those killed, about a dozen were wounded. lawyers for tiger woods have responded to two lawsuits filed by the golf legend's ex-girlfriend, erica herman. in court papers, they shoot down herman's claim in her $30 million lawsuit that woods broke a verbal agreement that allowed her to live with him. woods' lawyer say the couple never had any such agreement. herman is also asking a judge to remove her from a nondisclosure agreement, suggesting that she's a victim of sexual assault or harassment. woods' lawyer denies that, saying she is only a, quote, jilted ex-girlfriend. history was the big winner at last night's academy awards.

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the 95th academy awards was a night of historic firsts and emotional speeches. entertainment tonight's co-host kevin fraser has the highlights of hollywood's biggest night. > reporter:r: "eveverything evererywhere allll at once"" peperfectly describibes oscar n for ththis year's s best pictut. the trippy fililm about life in the multiverse won seven awards, including three for acting. >> michelle yeoh. >> reporter: its 60-year-old str, michelle yeoh, became the first asian woman to win best actress. >> ladies, don't let anybody tell you you are ever past your prime. >> reporter: her co-star, jamie lee curtis, nabbed best supporting actress.

she honored her legendary parents, tony curtis and janet leigh. >> my mother and my father were both nominated for oscars in different categories. i just won an oscar. >> reporter: "everything everywhere all at once's" ke huy quan won best supporting actor. he's come a long way since fleeing vietnam as a kid and living in a refugee camp. >> to all of you out there, please keep your dreams alive. >> reporter: his co-star brendan fraser also saw years of struggle finally pay off. he won best actor for his moving portrayal in "the whale." but still on the minds of many, last year's onstage slap. that's why host jimmy kimmel hit it head-on. >> you're going to have to do battle with michelle yeoh before you get to me. >> reporter: and pop music's top artist, lady gaga and rihanna, performed their nominated songs. ♪ lift me up ♪ >> reporter: kevin fraser for cbs news, hollywood.

♪ hold me down ♪ >> that's it. the overnight news for this tuesday. for some of you, the news continues. for others, check back later for cbs mornings. and remember you can follow us online anytime at cbsnews.com. reporting from here in the nation's capital, i'm norah o'donnell. this is cbs news flash. i'm shanelle kaul in new york. president biden will travel to california today, renewing his call for tougher gun control measures almost two months after a deadly mass shooting in monterey park. at his state of the union address last month, biden called on lawmakers to ban assault weapons. the white house has officially declared today national equal pay day. the day symbolizes how far into the year women must work to earn what men earned last year. and baseball legend and new york fan favorite joe pep i tone has died at 82.

he won three gold gloves and played in two world series for the yankees but may be best remembered for his hair and renegade behavior. for more, download the cbs news app on your cell phone or connected tv. i'm shanelle kaul, cbs news, new york. >> announcer: this is the "cbs overnight news." well, tonight, tens of millions of americans across the northeast are in the path of a powerful nor'easter. but first, new questions about how one of america's bigger banks failed and what's being done to avoid contagion even after a second bank collapsed last night. cbs news has learned that silicon valley bank was operating without a chief risk officer for months while the fed tonight promising a swift review of the oversight of svb. fear also spreading from wall

street to main street. look at this. trading was halted on at least 20 regional banks after shares fell by as much as 80%. president biden speaking this morning before wall street opened tried to urge calm, but he also took aim at the trump administration for rolling back dodd/frank banking safety requirements. and after his address to the nation, the president flew to san diego, and that's where we find cbs's ed o'keefe. good evening, ed. >> reporter: good evening, nora. the quick steps taken by federal officials were designed to reassure americans about the strength of the economy even in the wake of those two bank failures. the hope is that the collapse is contained and doesn't set off a wider crisis. president biden today calling for calm. >> americans can rest assured that our banking system is safe your deposits are safe. >> reporter: the federal government stepped in overnight, backstopping the failed banks in california and new york but worries persist that other smaller regional banks also could have similar issues.

several were battered in early trading today. cbs news business analyst jill schlesinger says americans shouldn't overreact. >> if you have an account at one of these small or medium-sized banks that has really started to grab some headlines, it doesn't mean you should move out. you're okay. if you see the stock being halted, if you see stock prices go down, that's not your money. that is the investment community's money. >> reporter: outside silicon valley bank's main branch today in santa clara, federal officials greeted bank customers lined up to get access to their money. cbs's errol barnett is there. >> reporter: svb customers tell me what frustrates them is the lack of clarity on exactly how much money they'll have access to and when. this line has been growing since before the bank opened this morning, some traveling from as far as australia. federal regulators say customers will have access to all of their funds. this man tells cbs news has life savings are in the bank. >> they were entrusted with watching our money, and they didn't do a very good job of it.

and that could cause people a lot of -- a lot of problems. >> reporter: svb had more than $200 billion in assets with investments in long-term treasury bonds, whose value plummeted as interest rates went up, causing the run on the bank. exexposed werere companieses li roku, pintnterest, and roblox. also small family-owned businesses like strongsuit in ohio, with 15 employees run by lindsey michaelides. >> we're getting access to the capital we have in svb today. and we're already taking action to move those dollars, and we're being very thoughtful about the types of partners we want to work with moving forward. >> reporter: one group that won't be getting any relief? executives of the failed banks and their investors. >> they knowingly took a risk, and when the risk didn't pay off, investors lose their money. that's how capitalism works. >> reporter: but some lawmakers like progressives bernie sanders and elizabeth warren are criticizing the federal bank relief, saying it's a direct result of changes made during the trump administration to loosen regulations on these

smaller regional banks. members of both parties say they're monitoring the situation closely and will be proposing changes to ensure something like this doesn't happen again. norah. >> ed o'keefe, thank you so much. tonight, prosecutors are nearing a decision on whether to indict former president donald trump over his role in the hush money payments to a former porn star prior to the 2016 election. we get more now from cbs's robert costa. >> reporter: overshadowing former president trump's trip today to the early voting state of iowa, a possible indictment. trump's former lawyer, michael cohen, testified for three hours before a grand jury in manhattan, where prosecutors are investigating hush money payments cohen says he made on trump's behalf to former adult film star stormy daniels during the 2016 campaign. >> he needs to be held accountable for his dirty deeds. >> reporter: an attorney for trump says he will not accept an invitation to appear before the

grand jury and maintains the hush money payments were legal. >> he made this with personal funds to prevent something coming out false but embarrassing to himself, his family, his young son. that's not a campaign finance violation. >> reporter: the grand jury has also heard from former trump aides hope hicks and kellyanne conway. and experts say cohen's appearance is a sign a trump indictment could come as early as this week. >> the d.a.'s office knows what they're charging. they know what they're doing. so i would expect in a matter of days, we're going to see an indictment. >> reporter: one republican rival has urged trump to quit the race if he's indicted. another, his former vice president mike pence, spoke out against trump over the weekend, calling his words on january 6th reckless and saying history will hold him accountable. speaking to reporters today, trump responded to pence's sharp criticism and falsely blamed pence for what unfolded on january 6th.

he also played down pence's threat as a possible challenger, calling him a nice man who's trying very hard. >> i feel like the campaign's already under way. robert costa, thank you so much. millions in california are still recovering from last week's flooding and are now bracing for another severe storm. cbs's carter evans is in monterey county, where a levee breach forced thousands to evacuate. >> reporter: storm after storm has caused catastrophic damage. the town of pajaro remains underwater after torrential rain and a levee breach. >> my worst fear happened. it happened, and now you see what the devastation can do. this is as bad as it gets. >> reporter: the region's now poised for several more inches of rain that could hit starting tonight. this as rivers keep rising well above flood stage. a key highway near monterey shut down. and a rock slide closed this highway near big sur. the storms are also dealing a

major blow to agriculture. many here are farmworkers. the area called the salad bowl of the world exports more than $3 billion worth of fruits and vegetables each year. now there's crop damage and possible job losses. >> it's going to be hard. >> reporter: this as thousands have been forced to evacuate. more than 200 have been rescued. >> copy. we got visual. >> reporter: including this man trapped by the swollen salinas river. on friday, floodwaters raced through the town of springville. they've now receded to reveal ruin. >> how much water did you have in the house? >> you could see where it came up. >> reporter: crystal mcgee says she and her husband had no warning. they barely got out, and now -- >> you don't know if help's on the way? >> i don't know. i have no idea. i have no idea. >> reporter: tonight the focus turns from the floods to the rain again. there's no way to stop it from flooding again. >> no. i mean we could ask for prayers because mother nature is controlling what is happening to this community right now. >> reporter: and there are still

some people in flooded homes here who don't want to evacuate. they plan to stick it out flew the next storm, and flooding still is a major threat with more rain melting all that mountain snow. norah. >> carter evans, t thank you rerestless nigights fogging upup your day?y? totonight, tryry zzzquil p pus sleep plusus next day y ener, withth melatoninin to help u fafall asleep p naturally, plus extenended-releasase b-b-vitamins.. wawake up feeleling refrese. purere zzzs. sleleep bette. wawake up yourur best. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com.

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>> announcer: this is the "cbs overnight news." i'm erica brown in washington. thanks for staying with us. three years after the dawn of covid, president biden says he has not decided whether to sign a bill to declassify u.s. intelligence on the origins of the virus. the house voted unanimously last week for its release after the department of energy concluded the pandemic likely arose from a chinese laboratory leak. amid this is the question of u.s. funding for coronavirus research in china and how

closely past administrations were following the use of the money. catherine herridge has been investigating this. >> reporter: sources tell cbs news an investigation of this complexity could take at least six months to reach a conclusion about whether u.s. government agencies were billed twice for projects in wuhan, china. the probe kicked off after new information came to light from congress. >> we are collecting evidence here and collecting facts. >> reporter: former federal investigator diane cutler spent two decades combating white-collar crime and health care fraud. during the pandemic, cutler turned her attention to u.s. government grants that supported coronavirus-related research in china. how many records have you viewed? >> my collection is certainly well over 50,000 documents. >> reporter: records reviewed by cbs news indicate the u.s. government may have paid twice for projects at the wuhan labs through the national institutes of health and the u.s. agency

for international development, or usaid. >> categorized it and then drilled down from there. >> reporter: this included possibility medical supplies, equipment, travel, and salaries. >> so what i found so far is evidence that points to double billing, potential theft of government funds. it is concerning, especially since it involves dangerous pathogens and r risky research. >> reporter: while intelligence agencies can't agree on how the pandemic that killed more than 1.1 million americans started, the fbi and now the energy department have found an accidental lab leak is plausible, not potentially through infected animals at a nearby market. at recent congressional hearings into the origins of covid-19, the former cdc director said money from multiple u.s. government agencies supported high-risk virus research in wuhan. >> i think it did it not only from nih, the state department, and from dod. >> does following the money get

us closer to understanding the origins of covid-19? >> following the money always seems to work in investigations. >> reporter: republican senator roger marshall hired cutler and took her records to usaid's internal watchdog, which opened its own probe, details of which have not been previously reported. what needs to happen next? >> next we do need this 9/11-style commission. i call it apolitical, non-political. we need to get this outside of washington, d.c. >> reporter: sources familiar with the grant records did not dispute cbs news' reporting. in a statement, a spokesperson for the usaid inspector general declined to comment on the existence of a specific open investigation. >> why should u.s. taxpayers care? >> i think there's 1.1 million reasons that american taxpayers should care. if a plane crashes, we want to find out why the plane crashes. we go to any length to do that. and the hope is we don't have another plane crash for the same reason. >> reporter: sources told cbs

news that tens of millions of u.s. taxpayer dollars could be involved and the findings could provide new insight into the wuhan research. a spokesperson for usaid declined to comment and the press office did not response to cbs news' questions. >> that was catherine herridge reporting. the "cbs overnight news" is back in two minutes.

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here on hollywood's biggest stage. [ applause ] they say stories like this only happen in the movies. i cannot believe it's happening to me. this, this is the american dream. >> tracy smith spoke to the actor about his long and winding road to stardom. >> reporter: you might have heard it said that hollywood is a place where dreams go to die. but if you really believe that, maybe you just haven't met the right dreamer. ke huy quan never looked for fame. fame found him. born in vietnam, he'd come to this country in 1979 and, along with his parents and eight siblings, settled near downtown los angeles. >> 38 years ago, that would be me right there. >> really? >> yeah, screaming, screaming, playing with the kids. >> reporter: life in l.a.'s chinatown, he says, was happy

but unremarkable. >> this is your old elementary school? >> yes. >> castelar elementary school, yes. >> reporter: that is until the day in 1983 when hollywood casting agents showed up here, looking for a young asian boy to star in a spielberg movie. and the funny thing is you didn't really go to the call. it was your brother who went to audition? >> yes. he went to audition. i tagged along. as he was additioning, i was behind the camera, giving him directions, coaching him what to go. the casting director saw me and said, ke, would you want to give this a try? i said, sure, why not? [ speaking non-english ] >> hang on, lady. we going for a ride. >> reporter: and so only four years after coming to america, ke huy quan beat out 6,000 other kids for the role of short round. >> oh, my god. is he nuts? >> he no nuts. he's crazy. >> reporter: in 1984's "indiana

jones and the temple of doom." at age 12, he was suddenly a star. ♪ >> hey, you guys, they're gone. they're not here. >> reporter: and a few months later, when he was cast in 1985's "the goonies," young ke thought he'd made it in hollywood. and then the phone stopped ringing. what happened? >> well, i started at the very top, so there was no way to go from downhill from there. >> reporter: after "goonies," he made a couple of tv series and a few guest appearances, but after that, nothing. >> it was frustrating, especially when i'd walk into the room to audition for the casting director, and she recognizes me, and she says, oh, my gosh, we love your work in indiana jones. we love you in the goonies. >> so then you're thinking maybe i have -- >> exactly. i'm thinking, oh, i can land this role. but then again a week would go buy. two weeks would go by, and then nothing. >> what does that do to you

inside? >> it's not -- it's not good for your confidence, that's for sure. >> reporter: he remembers going up for a two-line part as a vietnamese soldier. >> and i walked in the room, and there was 30 other asian actors waiting to read for the same role. i went on the audition, went back and waited for the phone to ring. and it was that moment that i said, maybe this isn't for me. >> reporter: dejected but determined to stay in the business he loved, he came here to usc's school of cinematic arts and went on to build a career working behind the scenes as a stunt coordiator on films like "x-men." but in 2018, his dream of working in front of the camera got new life. >> you ready for this? >> reporter: when he saw this, "crazy rich asians." >> it's a party, though.

okay. >> i saw it three times in the theater. i cried every single time. but one of the reasons why i cried was because i wanted to be up there with them. >> reporter: and incredibly, he was about to get a chance at a second act. a new film about an asian family was in the works. and after a 25-year break from the casting world, ke huy quan read for the male lead, and he nailed it. >> i said i think i have a shot. i think it won'tent well. i was so excited. yeah, yeah, please, please. let me know what they think, okay? two months went by. >> two months? >> two months. and as each day went by, my hope of landing the job slowly, slowly dissipated. but it was my wife that said, ke, you -- she said, you will

get this role. i said, how can you be so sure? and she said, because you said this role was written for you, and you want it more than anything. you will get it. >> she would say that to you? she knew. >> reporter: and his wife, echo, was right. his agent finally did call with good news. >> then that phone call was one of the happiest phone calls i have ever gotten. and i was screaming at the top of my lungs. i said, yes, yes, yes, yes! and i kept jumping up and down. i said, yes, yes, yes, and i started crying. and i didn't -- i didn't have to say a thing. she knew what that phone call was about. se knew. >> oh. >> yeah. i remember that day well. >> reporter: and now watching

"everything everywhere all at once," it's as if ke huy quan has poured 25 years of pent-up emotion into his performance, these days, if ke huy quan looks like a man whose fondest dream has finally come true, well, that's because it has. >> never, never, never in my life did i think that the word oscar would be associated with my name. i wasn't thinking much, none of this. but oscar nominated? come on. i just wanted a job. >> just a job. >> just a job. but now, you know, looking back, i would not change a thing. it's so much sweeter now. >> it's so much sweeter? >> it's so much sweeter now, yeah. and, you know, i always believe in this. you know, a full life is a life full of ups and downs. you don't know what sweet tastes like until you've taste, you know, sour or bitterness.

>> and it's awfully sweet now. >> i can't believe it, tracy. i still can't believe it. i don't know how i got here. i don't know how it happened. but i don't -- i don't think i've ever (male) there are many voices in today's world. everyone is voicing their opinions about everything, and jesus is no exception to that. what if there was a clear voice telling you exactly who jesus is? (male announcer) join dr. david jeremiah as he teaches who jesus is and what that means for your life. tune in to dr. jeremiah's new series, "christ above all", on the next "turning point", right here on this station.

when you humble yourself under the mighty hand of god, in due time he will exalt you. hi, i'm joel osteen. i'm excited about being with you every week. i hope you'll tune in. you'll be inspired, you'll be encouraged. i'm looking forward to seeing you

right here. you are fully loaded and completely equipped for the race that's been designed for you. a new study out of britain is creating quite a buzz in the scientific community. it documented the ability of bumblebees to observe, learn, and to solve complex problems. ian lee reports. >> reporter: new research suggests there's more to the humble bumblebee than meets the eye. >> some really fascinating capabilities found among even tiny invertebrates. they have brains the side of a pinhead, yet they're still able to produce this behavior. >> reporter: if a wise man learns from the mistakes of others, these are some brainy

bees. scientists at queen mary university in london trained a bumblebee to push a red tab on a wheel to reach a sugary treat. other bees watched and quickly copied the skill using the same method 98% of the time. >> what this created was like a trend, a fashion trend or, in animal behavior terms, a tradition. >> reporter: and researchers now believe there could be even more instinctive insects in the animal kingdom. >> i think it shows that we're not alone on the planet, that there are kinds of alien civilizations right around us. >> reporter: but at least for now we know that for busy bees, it's about working smarter, not harder. ian lee, cbs news, london. and that's the overnight news for this tuesday. for some of you, the news continues. for others, check back later for "cbs mornings." and follow us online anytime at cbsnews.com. reporting from the nation's

capital, i'm erica brown. this is cbs news flash. i'm shanelle kaul in new york. president biden will travel to california today, renewing his call for tougher gun control measures almost two months after a deadly mass shooting in monterey park. at his state of the union address last month, biden called on lawmakers to ban assault weapons. the white house has officially declared today national equal pay day. the date symbolizes how far into the year women must work to earn what men earned last year. and baseball legend and new york fan favorite joe pepitone has died at 82. he won three gold gloves and

played in two world series for the yankees but may be best remembered for his hair and renegade behavior. for more, download the cbs news pp on your cell phon i'm kaul, cbs news, new york. tonight, the scramble to avoid a financial crisis. president biden tries to assure the country that the banking system is safe. what you can do to protect your money. here are tonight's top headlines. >> i didn't have much sleep last night. >> worried customers race to the bank after the largest financial failure since 2008. >> your deposits will be there when you need them. millions of people in california are bracing for another severe storm this evening. a nor'easter is expected to bring heavy snow, rain, and gusty winds to parts of the northeast tonight. hundreds try to storm the

border as the search for missing migrants off the coast of san diego is called off. south korean and american troops begin 11 days of joint military drills. they come just as north korea test-fired two strategic cruise missiles from a submarine. it's hard to know how many ukrainian soldiers have been killed in this war. the government just won't say. but in bakhmut, it's estimated hundreds are killed or injured every day. and a historic night on hollywood's biggest stage. >> and, ladies, don't let anybody tell you you are ever past your prime. >> announcer: this is the "cbs overnight news." well, tonight, tens of millions of americans across the

northeast are in the path of a powerful nor'easter that is expected to bring heavy snow, strong winds, and dangerous travel conditions. also some widespread power outages. so we'll have a forecast in just a moment. also tonight, a note found in the bathroom of a united flight warning about a bomb on board. we'll tell you about the threat and the emergency landing. but first, new questions about how one of america's bigger banks failed and what's being done to avoid contagion even after a second bank collapsed last night. cbs news has learned that silicon valley bank was operating without a chief risk officer for months. well, the fed tonight promising a swift review of the oversight of svb. fear also spreading from wall street to main street. look at this. trading was halted on at least 20 regional banks after shares fell by as much as 80%. president biden, speaking this morning before wall street opened, tried to urge calm.

but he also took aim at the trump administration for rolling back dodd/frank banking safety requirements. afterwards, he flew to san diego, and that's where we find ed o'keefe. >> the quick steps taken by federal officials were designed to assure americans about the strength of the economy in the wake of those two bank failures. the hope is that the collapse is contained and doesn't set off a wider crisis. president biden today calling for calm. >> americans can rest assured that our banking system is safe. your deposits are safe. >> reporter: the federal government stepped in overnight, backstopping the failed banks in california and new york but worries persist that other smaller regional banks could also have similar issues. several were battered in early trading today. cbs news business analyst jill schlesinger says americans shouldn't overreact. >> if you have an account at one of these small or medium-size banks that has really started to grab some headlines, it doesn't mean you should move out. you're okay.

if you see the stock being halted, if you see stock prices go down, that's not your money. that is the investment community's money. >> reporter: outside silicon valley bank's main branch today in santa clara, federal officials greeted bank customers lined up to get access to their money. cbs's errol barnett is there. >> reporter: svb customers tell me what frustrates them is the lack of clarity on exactly how much money they'll have access to and when. this line has been growing since before the bank opened this morning, some traveling from as far as australia. federal regulators say customers will have access to all of their funds. this man tells cbs news his life savings are in the bank. >> they were entrusted with watching our money, and they didn't do a very good job of it. and that could cause people a lot of -- a lot of problems. >> reporter: svb had more than $200 billion in assets with investments in long-term treasury bonds, whose value plummeted as interest rates went up, causing the run on thehe ba. exexposed werere companieses li

roku, pinterest, and roblox. also small family-owned businesses like strongsuit in ohio, with 15 employees run by lindsey michaelides. >> we're getting access to the capital that we have in svb today, and we're also taking action to move those dollars. and we're being, you know, very thoughtful about the types of partners that we want to work with moving forward. >> reporter: one group that won't be getting any relief? executives at the failed banks and their investors. >> they knowingly took a risk, and when the risk didn't pay off, investors lose their money. that's how capitalism works. >> reporter: but some lawmakers like progressives bernie sanders and elizabeth warren are criticizing the federal bank relief, saying it's a direct result of changes made during the trump administration to loosen regulations on these smaller regional banks. members of both parties say they're monitoring the situation closely and will be proposing changes to ensure something like this doesn't happen again. norah. >> ed o'keefe, thank you so much. tonight, prosecutors are

nearing a decision on whether to indict former president donald trump over his role in the hush money payments to a former porn star prior to the 2016 election. we get more now from cbs's robert costa. >> reporter: overshadowing former president trump's trip today to the early voting state of iowa, a possible indictment. trump's former lawyer, michael cohen, testified for three hours before a grand jury in manhattan, where prosecutors are investigating hush money payments cohen says he made on trump's behalf to former adult film star stormy daniels during the 2016 campaign. >> he needs to be held accountable for his dirty deeds. >> reporter: an attorney for trump says he will not accept an invitation to appear before the grand jury and maintains the hush money payments were legal. >> he made this with personal funds to prevent something coming out false but embarrassing to himself, his family, his young son. that's not a campaign finance violation.

>> reporter: the grand jury has also heard from former trump aides hope hicks and kellyanne conway. and experts say cohen's appearance is a sign a trump indictment could come as early as this week. >> the d.a.'s office knows what they're charging. they know what they're doing. so i would expect in a matter of days, we're going to see an indictment. >> reporter: one republican rival has urged trump to quit the race if he's indicted. another, his former vice president mike pence, spoke out against trump over the weekend, calling his words on january 6th reckless and saying history will hold him accountable. speaking to reporters today, trump responded to pence's sharp criticism and falsely blamed pence for what unfolded on january 6th. he also played down pence's threat as a possible challenger, calling him a nice man who's trying very hard. >> i feel like the campaign's already under way. robert costa, thank you so much. president biden tonight joined the leaders of the united

kingdom and australia in san diego to announce a deal to provide the australian military with nuclear-powered attack submarines. the agreement is australia's largest single investment in its national defense in history. the "cbs

>> announcer: this is the "cbs overnight news." let's turn now to that dangerous late-winter nor'easter. new york's governor declaring a state of emergency and tonight activating the national guard because some areas could get up to 18 inches of snow. let's bring in meteorologist chris warren from our partners at the weather channel. good evening, chris. >> good evening, norah. another powerful storm will be moving into the west coast and a developing nor'easter. this major storm will have multiple threats with it. heavy, wet snow.

very strong winds that could be blowing to stronger than 60 miles an hour could lead to long-lasting, widespread power outages. this storm is going to be long-lasting as well, getting going tonight and going through much of the day tomorrow. where there is snow, it's going to be heavy and wet. at the coast, strong winds could lead to coastal flooding and beach erosion. the big issue on the west coast with the next one once again will be flooding. a rare high risk has been issued for life-threatening flooding, norah, going into the next couple of days. >> all right, chris. thank you so much. millions in california are still recovering from last week's flooding and are now bracing for another severe storm. cbs's carter evans is in monterey county, where a levee breach forced thousands to evacuate. >> reporter: storm after storm has caused catastrophic damage. the town of pajaro remains underwater after torrential rain and a levee breach. >> my worst fear happened.

it happened, and now you see what the devastation can do. this is as bad as it gets. >> reporter: the region's now poised for several more inches of rain that could hit starting tonight. this as rivers keep rising well above flood stage. a key highway near monterey shut down. and a rock slide closed this highway near big sur. the storms are also dealing a major blow to agriculture. many here are farmworkers. the area called the salad bowl of the world exports more than $3 billion worth of fruits and vegetables each year. now there's crop damage and possible job losses. >> it's going to be hard. >> reporter: this as thousands have been forced to evacuate. more than 200 have been rescued. >> copy. we got visual. >> reporter: including this man trapped by the swollen salinas river. on friday, floodwaters raced through the town of springville. they've now receded to reveal ruin. >> how much water did you have in the house? >> you could see where it came up. >> reporter: crystal mcgee said she and her husband had no

warning. they barely got out, and now -- >> you don't know if help's on the way? >> i don't know. i have no idea. i have no idea. >> reporter: tonight the focus turns from the floods to the rain again. there's no way to stop it from flooding again. >> no. i mean we could ask for prayers because mother nature is controlling what is happening to this community right now. >> reporter: and there are still some people in flooded homes here who don't want to evacuate. they plan to stick it out through the next storm, and flooding still is a major threat with more rain melting all that mountain snow. norah. >> carter evans, thank you very much. also in california, emergency crews today called off the search for at least seven missing migrants when their boat sank off the coast of san diego over the weekend. cbs's omar villafranca reports eight others were killed during the suspected human smuggling operation. >> reporter: two boats carrying almost two dozen migrants tried to illegally land on the san diego shore on saturday night.

one of the boats capsized in the choppy water and foggy conditions of black's beach. helicopters and boats later found the bodies of at least eight migrants. >> this is one of the worst maritime smuggling tragedies that i can think of in california, certainly here in the city of san diego. >> reporter: 13 migrants have died this year trying to cross by sea, more than doubling last year's numbers. in texas over the weekend, hundreds of migrants, frustrated by the asylum process, rushed towards a point of entry in el paso. mexican police and border patrol officers, some in riot gear, confronted the mostly venezuelan migrants. concrete barriers were set up to keep the group back. the rush was fueled by a false rumor that the u.s. government was accepting asylum applications. "i am alone. we are alone here. we have been robbed and extorted, and we have no answer. we just want to get in to have a future and help our families. nothing else." the number of migrants being

apprehended has dropped in recent months. cbpp processed roughly 130,000 migrants in february, down 40% from a peak in december. in san diego, officials don't know what caused that boat to capsize. now, it's worth noting that since 2017, there has been a nearly 800% increase in human trafficking in the southern california coastal region. norah. >> that's quite an increase. omar villafranca, thank you so much. there are reports tonight that the international criminal court is set to bring the first war crimes charges linked to russia's invasion of ukraine. both sides meanwhile are taking heavy losses in the fight for the city of bakhmut, one of several battles that ukraine's president today suggested could determine his country's future. here's cbs's imtiaz tyab. >> reporter: ukrainian forces are fighting with all their might as russian soldiers and mercenaries try to close in on bakhmut. but cbs news has learned they haven't gained any new ground in

the eastern city within the last 24 hours, with ukraine claiming to have killed more than 1,100 russians in the past few days alone. as kyiv continues to send in reinforcements, the remains of ukrainian soldiers are seen still lying where they were killed. across ukraine, cemeteries are now full of fluttering flags. the iconic blue and yellow a symbol of national pride, and now sacrifice. it's hard to know how many ukrainian soldiers have been killed in this war. the government just won't say. but in bakhmut, it's estimated hundreds are killed or injured every day. in the heart of the capital, kyiv, the funeral of a father and son killed together while defending bakhmut. oleh and mykyta. oleh's brother, yuri, says --

"my brother covered his son with his own body. he did it to protect him from shrapnel." a father's ultimate sacrifice for his son on the front line as ukraine braces itself for even more death. now, despite the heavy losses in bakhmut, a u.s. official tells cbs news that moscow is able to replace its soldiers as fast as it's losing them. norah. >> imtiaz tyab, thank you. tonight we learned the republican leader in the united states senate, mitch mcconnell, won't return to work this week and could spend up to two weeks in inpatient rehab. the kentucky senator was released from the hospital today five days after suffering a concussion when he tripped and fell. his spokesman revealed today that doctors discovered over the weekend that the 81-year-old also has a minor rib fracture. federal officials are investigating a bomb scare aboard a united airlines flight. we'll have the details next.

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tonight, federal authorities are investigating a bomb threat aboard a united airlines flight that shut down the airport in burlington, vermont, for several hours sunday night. a threatening note was found in the bathroom of the plane about 20 minutes before landing. officers and bomb-sniffing dogs searched the plane, which took off from newark, new jersey, with 75 people on board, and they found no explosives. in tonight's health watch, a

new cdc study finds an alarming racial disparity in infant deaths. black babies experience the highest rate of sudden unexpected deaths in 2020. dying at almost three times the rate of white infants. the causes of the ride in sleep-related deaths in black infants are unclear, but it coincided with the start of the covid pandemic, which hit black communities especially hard. lawyers for tiger woods have respsponded to t t

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tonight an isis-inspired terrorist who killed eight people on a bike path in new york city is facing life in prison after a federal jury couldn't agree to the death penalty. the 35-year-old from uzbekistan plowed into people on halloween 2017 in a rented truck. in addition to those killed, about a dozen were wounded. lawyers for tiger woods have responded to two lawsuits filed by the golf legend's ex-girlfriend, erica herman. in court papers, they shoot down herman's claim in her $30 million lawsuit that woods broke a verbal agreement that allowed her to live with him. woods' lawyer say the couple never had any such agreement. herman is also asking a judge to remove her from a nondisclosure agreement, suggesting that she's a victim of sexual assault or harassment. woods' lawyer denies that, saying she is only a, quote, jilted ex-girlfriend. history was the big winner at last night's academy awards. we'll have the new details.

that's next.

the 95th academy awards was a night of historic firsts and emotional speeches. "entertainment tonight's" co-host kevin frazier has the highlights of hollywood's biggest night. >> reporter: "everything everywhere all at once" perfrfectly descscribes oscacar for this y year's bestst pictur. ththe trippy f film about t lif the multiverse won seven awards, including three for acting. >> michelle yeoh. >> reporter: its 60-year-old star, michelle yeoh, became the first asian woman to win best actress. >> ladies, don't let anybody tell you you are ever past your prime. >> reporter: her co-star, jamie lee curtis, nabbed best supporting actress. she honored her legendary

parents, tony curtis and janet leigh. >> my mother and my father were both nominated for oscars in different categories. i just won an oscar. >> reporter: "everything everywhere's" ke huy quan won best supporting actor. the childhood star has come a long way since fleeing vietnam as a kid and living in a refugee camp. >> to all of you out there, please keep your dreams alive. >> reporter: kwan's co-star in encino man, brandon fraser also saw years of struggle finally pay off. he won best actor for his moving portrayal in "the whale." but still on the minds of many, last year's onstage slap. that's why host jimmy kimmel hit it head-on. >> you're going to have to do battle with michelle yeoh before you get to me. >> reporter: and pop music's top artists, lady gaga and rihanna, performed their nominated songs. ♪ lift me up ♪ >> reporter: kevin frazier for cbs news, hollywood.

♪ hold me down ♪ >> that's it, the overnight news for this tuesday. for some of you, the news continues. for others, check back later for "cbs mornings." and remember you can follow us online anytime at cbsnews.com. reporting from here in the ntion's capital, i'm norah o'donnell. this is cbs news flash. i'm shanelle kaul in new york. president biden will travel to california today, renewing his call for tougher gun control measures almost two months after a deadly mass shooting in monterey park. at his state of the union address last month, biden called on lawmakers to ban assault weapons. the white house has e has officially declared today national equal pay day. the date symbolizes how far into the year women must work to earn what men earned last year. and baseball legend and new york fan favorite joe pepitone has died at 82. he won three gold gloves and played in two world series for

the yankees but may be best remembered for his hair and renegade behavior. for more, download the cbs news app on your cell phone or connected tv. i'm shanelle kaul, cbs news, new it's tuesday, march 14th, 2023. this is the "cbs morning news." two major storms. millions of people brace for dangerous conditions in the northeast while a second atmospheric river begins to hit california. americans can rest assured that our banking system is safe. >> racing to reassure. federal regulators take over two u.s. banks that collapsed. how they're trying to restore confidence in panicked consumers. out of the hospital. gop leader mitch mcconnell is recovering after falling at a private dinner. what doctors also discovered from his accident.