the yankees but may be best me hisr anior. 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.

captioning funded by cbs well, good morning and good to be with you. i'm anne-marie green. we begin this morning with storms on both coasts impacting tens of millions of americans in the east coast. a powerful nor'easter is expected to bring snow and strong winds and it could create dangerous travel conditions, knock out power to hundreds of thousands of people, and cause widespread coastal flooding. snowfall totals could range from a few inches to a few feet. new york governor kathy hochul alerted everyone of an emergency ahead of the storm. >> this could be a dangerous storm. please stay off the roads for your own safety. >> this is what it looked like in connecticut last night as the snow fell. the state's largest electricity provider said it's bringing in extra crews from other states to prepare for widespread power outages. millions of people in california already recovering from a series of devastating storms are dealing with another one.

crews rushed to repair a broken levee in central california that forced the evacuation of more than 8,000 people. carter evans reports from monterey county. >> reporter: storm after storm has caused catastrophic damage. the town of pajaro remains under water after 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, 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 farm workers. 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, this as thousands have been forced to evacuate.

more than 200 have been rescued 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? >> reporter: crystal mcgee said she and her husban had no warning. they barely got out. and now -- >> you don't know if help's on the way. >> i have no idea. i have no idea. >> reporter: 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: there are still some people in flooded homes here who don't want to evacuate. they plan to stick it out through this incoming storm, and flooding is still a major threat with more rain melting that mountain snow. karster evans, cbs news, pa har row, california.

breaking overnight, former clorado representative and feminist trailblazer pat schroeder has died. her former press secretary said she suffered a stroke recently and died last night at a hospital in florida. the 12-term democrat was a pioneer for women and family rights. in congress one of her biggest accomplishments was a family leave bill, providing job security for care of a newborn or a sick parent. she coined the phrase teflon president regarding president reagan. she was 83 years old. the federal government is sa yesterday regulators guaranteed all deposits at silicon valley bank and signature bank after they both failed. shareholders also filed the first lawsuit against svb alleging they made false and misleading statements. jarred hill is in new york with more on this. jared, good morning. >> reporter: good morning, anne-marie. that could be just the beginning

of some of the consequences of the leader of these two banks that collapsed. president biden said he's going to make sure whoever's responsible for this will be held accountable. it's not exactly clear what that means or what that looks like. all the while he's trying to reassure americans and financial markets that this is not a widespread problem. it was a wild ride for the markets yesterday after federal regulators took control of california-based silicon valley bank and new york's signature bank. both collapsed between friday and monday. the shock waves caused trading to halt for more than a dozen regional banks yesterday after their stocks tanked. >> americans can rest assure that our banking system is safe, your deposits are safe. >> reporter: president biden tried to project a message of calm while assuring folks with money in both banks their dollars are safe. fdic officials greeted customers

lined up outside of svb headquarters in santa clara, some withdrawing everything. >> learned my lesson. i'm not going to put my money all in one place like i did here. >> reporter: silicon valley bank had more than $200 billion in assets, many of them tech companies. >> this man said the government stepping in will probably save his business. >> not knowing whether or not the company spent five years building was going to go away overnight as a result of something unpredictable as the collapse of a bank was really hard. >> reporter: signature bank's assets were about half of svb's. president biden said while there's going to be hell for folks who put money in the bank, for investors and owners, there will not be a bailout. cbs news has learned silicon valley bank was operating without a chief officer for months. one was hired in january.

we could also potentially see some new regulation come out of this. there's a lot of oversight, anne-marie, over some of these bigger huge banks but less so over smaller banks, president biden asking congress to take a look at that. back to you. >> very interesting. jarred hill in new york. thank you, jarred. >> sure. president biden will talk about reducing gun violence in america when he visits monterey park, california, today. that's where a gunman killed 11 people at a dance studio in january. it comes amid a series of mass shootings throughout the u.s. the nonprofit gun violence archive says there's been more than a hundred mass shootings in the nation this year. the visit is part of a three-day west coast trip for mr. biden. and former president donald trump paid a trip to iowa just days after possible presidential republican challenger ron desantis was there. during a speech last night trump criticized desantis for opposing ethanol, which is popular in iowa, because of the corn

industry. earlier in the day an attorney said trump will not accept an invitation to testify before a new york city grand jury. the grand jury is investigating alleged hush money payments made to two women during the 2016 presidential campaign. the man who made the arrangements for those payments, attorney michael cohen, testified before the same grand jury for about three hours yesterday. prosecutors could soon file criminal charges against trump over the payments to the women who allegedly had affairs with him. >> i don't want to see anyone including donald trump indicted, prosecuted, convicted, incarcerated simply because i fundamentally disagree with them. this is all about accountability. >> cohen served prison time after pleading guilty in 2018 for several charges including a connection with campaign finances. trump has denied the affairs. >> senate minority leader mitch mcconnell is continuing his recovery from a concussion at a

inpatient rehab facility. that's according to a spokesman. the 81-year-old was released from a washington, dc, hospital yesterday and it came five days after he trip and fell at a hotel where he was attending a private dinner. the spokesman said doctors also discovered he had a minor rib fracture. he did not say how long mcconnell will be out. so coming up, missing texas teenager is found. how authorities tracked her more than a thousand miles from home in a shed. and later -- >> there's hundreds of them. look at them all. what a fantastic herd. >> wow. >> it's awesome. >> oh, deer. an amazing sight caught on camera as dozens of animals charge across the road. this is the "cbs morning news." this is the "cbs morning news." n by eosinophils. it helps prevent asthma attacks, improve breathing, and lower use of oral steroids. fasenra is not a rescue medication or for other eosinophilic conditions. fasenra may cause allergic reactions.

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unable to reach unanimous agreement on a death penalty. the 35-year-old immigrant plowed into people with a truck in 2017. about a dozen people were wounded. well, the u.s. government is suing a pharmacy chain, and a missing texas teenager was found more than a thousand miles from home. those are some of the headlines on the morning newsstand. "the dallas moning news" reports a 13-year-old girl reported missing in dallas was found locked in a north carolina shed. authorities say a 34-year-old man picked the girl up in his vehicle after using social media to entice her to leave her home. security cameras captured video of a vehicle registered to a north carolina address, and that's where the girl was found on friday. >> that's how these things happen, is not being supervised. and these kids are very sharp with these computers in the room. so our message is going to be, please help us out. >> the suspect was charged with

abduction, statutory rape, and other crimes. the girl was taken for medical evaluation and returned to texas. there's no word on how long she was missing. >> reuters says the justice department sued rite aid for missing opioid red flags. federal prosecutors say the familiariticy chain repeatedly filled hundreds of thousands of prescriptions for controlled substances from 2014 to 2019 that were medically unnecessary. rite aid pharmacists were accused of ignoring obvious signs of misuse. the suit is part of a whistle-blower complaint brought p against the company in 2018. rite aid declined to comment. "the new york times" reports on the death of the former yankees all-star first baseman joe pepitone. his son said he was found at home in kansas city after suffering an apparent heart attack. he played two world series for the yankees in the 1960s. he was also known for his flamboyant lifestyle and long hair. during his 12-year career he

also played for the houston astros, chicago cubs, and the atlanta braves. joe pepitone was 82 years old. still to come, the gender pay gap. the extra days women must work to earn the same pay as men. ex to earn the same pay as men. [soft music] ♪♪ ♪♪ irresistibly smooth chocolate. ♪♪ to put the world on pause. lindor almond butter. made to melt you by the lindt master chocolatier. ♪♪ my mental health was much better, but i struggled with uncontrollable movements called td, tardive dyskinesia. td can be caused by some mental health meds. and it's unlikely to improve without treatment. i felt like my movements were in the spotlight.

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i'm feeling better. body pain? headache? nope. all in one and done. cuh-congestion? better. cough? fever? better. mucinex all in one relieves 9 symptoms in 1 dose. it's not cold and flu season. it's always comeback season. here's a look at today's forecast in some cities around the country. well, starting next year, workers in the state of illinois will be guaranteed paid time off without having to give a reason for it. governor jamie pritzker signed the bill into law yesterday. employees will accrue one hour of paid leave for every 40 hours worked. supporters say the law will help vulnerable workers deal with life situations, but critics say the law overburdens small businesses. the white house is bringing

attention to paid disparities, and there was a slight ratings bump for the 95th academy awards. shanelle kaul has those stories and more in today's "moneywatch" report. >> stocks closed mixed on monday as wall street is still trying to assess the regular la toye response to silicon valley bank's collapse. the dow lost 90 points, nasdaq was up by 49, and s&p 500 was down by 5. an environmental decision made by president biden is drawing major controversy. the white house announced plans to approve a huge drilling prospect on alaska's petroleum-rich north slope, but the announcement came one day after the administration said it would limit drilling in other areas of alaska and the arctic ocean. critics say approval flies in the face of biden's promise to clima chang > officially decred y

national equal pay day. the day symbolizes how far into the year women must work to earn what men earned last year. on average the white house says full-time working women earn 84 cents for every dollar paid to men, and the pay disparity widens for women of color and those with disabilities. and the numbers are in. 18.7 million viewers tuned into sunday night's academy awards. that's the second year in a row the ratings were up, but still the third least watched oscars on record. 16.6 million people watched last year's show. viewership spiked after will smith slapped chris rock on stage. that's your "cbs moneywatch" report for this tuesday morning. i'm shanelle kaul, cbs news, new york. up next, drake on the road. the rapper announces exciting news for fans this summer. rapp nws for fans this summer. when moderate to severe ulcerative colitis keeps flaring, put it in check with rinvoq, a once-daily pill.

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here's here's a look at today's forecast in some cities around the country. here comes the throw. it's cut off. the relay is late, and the game is over! >> they knew. >> a walk-off. perfect game.

world baseball classic win. >> puerto rico celebrates after a special win at the world baseball classic. four pitchers combined to throw a perfect game against israel last night. now, the game was called in the eighth inning after puerto rico scored its tenth run to make it 10-0. the tournament has a ten-run mercy rule. drake is hitting the road for the first time in five years. the rapper told fans he's going on tour with 21 savage starting june 16th in new orleans. it's the -- it's the all a blur tour and will make stops in u.s. and canada and wraps up in glendale, arizona, on september 5th. and a case of where nature definitely has the right-of-way. >> go on, boys and girls. off you go. look at that lot go. fantastic. there's hundreds of them all. look at 'em all. what a fantastic herd. >> wow. >> it's awesome. >> a coast guard team in southern england recorded this on friday. the herd likely came from a

nearby nature reserve which is host to four species of deer. coming up only on "cbs mornings," gayle king talks with oprah about her highly anticipated 100th book selection and the importance of the book club over the years. i'm anne-marie green. this is the "cbs morning news." this is the "cbs morning news." e tell me about their frequent dry eyes, which may point to dry eye disease. millions of americans were estimated to have it. they also tell me they've tried artificial tears again and again, but the relief is temporary. xiidra can provide lasting relief. xiidra treats the signs and symptoms of dry eye disease. don't use if allergic to xiidra. common side effects include eye irritation, discomfort or blurred vision when applied and unusual taste sensation. why wait? ask your eye doctor about a 90-day prescription for xiidra today.

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my worst fear happened. now you see what devastation can do. this is as bad as it gets. >> we are tracking this major atmospheric river sweeping into the bay area now. we are talking about the impact that's going to make for the morning commute and throughout the forecast. we'll time this out for you in a bit. >> reporter: i am justin andrews live in santa cruz where we are watching the san lorenzo river. this is a big concern. a live report is next. >> reporter: we are on the roadways monitoring how things are going. we have the windshield wipers going and we see the wet roads. we have live updates. growing fall out on the sudden collapse of silicon valley bank, why many are still

in panic mode even after guaranteed