♪ ♪ it's 10:00 a.m i'm lindsey reiser at msnbc headquarters in new york we're following a lot of breaking news on this busy monday morning, including president biden assuring the country our financial system is safe amid heightened fears of a banking crisis after the collapse of both silicon valley bank and new york-based signature bank >> americans can rest assured that our banking system is safe. your deposits are safe let me also assure you we will not stop at this we'll do whatever is needed. >> the government is taking extraordinary new steps to ensure customers will have full access to their money, a major move by the treasury and the federal reserve to shore up the banking system and prevent the panic from spreading to other banks. plus, a promise no losses will

be shouldered by taxpayers and officials will hold the people responsible fully accountable. more on this in moments and what you need to know about your money. plus, no-show. donald trump's lawyers say he will not testify before a new york grand jury looking into hush money payments to stormy daniels. his old lawyer and fixer michael cohen will in just a few hours what this could mean for the case. when it rains in yeah. it pours california national guard and first responders made dozens of rescues after severe flooding over the weekend and even more bad news for the state more bad news is coming. i'll talk to the governor of emergency services about these endless storms. new comments from president biden as regulators step in to back silicon valley bank amid the second largest bank failure in u.s. history. with us to break it down, msnbc

correspondent jake ward, correspondent allie raffa. jake, walk us through how officials made the decision to back silicon valley's deposits and what it means for the bank's customers this morning >> reporter: in a sense, lindsey, the government had no choice here. this was an a-rated bank, one with firm financial footing and seems to have made one big bad bet and it all went south. here is how janet yellen described the machinations over the weekend. >> i've been working all weekend with our banking regulators to design appropriate policies to address this situation we want to make sure that the troubles that exist at one bank don't create contagion to others that are sound >> this, of course, lindsey, as the depositors at that bank,

some $200 billion, nearly that worth of startups from here in san francisco and across the country scramble to try to get their money out. i've spoken to ceos over the course of the weekend who describe trying to go in person to get a cashier's check out if they could true 1930s still lining up at the bank to try to get their money out. their relief this morning that the government is going to step in and have them liquid again has them very, very relieved they all say on top of all the other difficulties in tech, worrying about fdic for the big cash deposits you have to make as a venture-backed startup, that's a big addition to their list of worries. lindsey. >> allie, as we watch a picture of president biden heading to the meeting with the prime ministers of britain and

australia, he spoke to how important he finds this, how much he wants to assure the american people. he says small businesses and employees will be protected. what kind of message is he trying to send >> the president certainly knows there's only so much the government can do to control this systematically, but he knows that what the government can't have a full control of is how people are going to react to this socially and emotionally. you saw that speech cater to directly that, to talk to the american people directly, to ease their fears and give them the confidence that he says that the american banking system is safe, is safeguarded with new rules that have been put in place since 2008 in addition to the new steps that the government is taking today you heard him talk about that guarantee that the investors in these two banks that collapsed over the last few days will receive all of their money, even if it was higher than that $250,000 that's insured by the fdic that chunk of investors making up for 87% of silicon valley

bank investors you heard him talk about the guarantee that none of the money that will be used will come from taxpayers themselves listen to a piece of that here >> no losses will be borne by the taxpayers. instead, the money will come from the fees the banks pay into the deposit insurance fund because of the actions our regulators have already taken, every american should feel confident their deposits will be there if and when they need them. >> reporter: you also heard him talk about the need for more accountability he's saying these bank managers will be held responsible he called for more regulations he said the trump administration rolled back regulations and now more are needed to safeguard the financial industry, saying he'll be talking with congress on next steps to be able to do that. how exactly that's able to be accomplished in the near future is still a huge question looming over all of this, especially when you consider this newly divided government that the president will have to work with over the next two years of his

term this speech today all in all was an effort to speak directly to the american people to ease their fears, the president hoping that's enough to prevent this from snow balling into further of a crisis. >> robin, the president was just asked how do we know, are you confident other banks won't fail he didn't answer go ahead and pick up that baton in terms of what we can see in the near future. if you could, give us a quick explainer on how taxpayer money won't be at risk here. even if that money that shores up these deposits is used in this fund that banks pay into, how do we know people won't have to take this on in the form of fees >> for starters, the president actually doesn't control all of this you're seeing a high-stakes game of chicken or truth or dare or whatever you want to call it where rumor spreads, you see the stock tumble, you see management come out with this ham-fisted, ham-handed way of saying we're well capitalized

it's truth or dare again the stocks fall, depositers toik their money. it's easy to get on a smart phone and move it from a regional or semi regional bank to a too-big-to-fail bank. you don't have to tap taxpayers if you have fdic funded by the banks. you're suddenly having to make 20 banks hold. this is no longer just around silicon valley banks is it going to lead to a run or several runs which the fed and treasury can't then arrest so that's what kind of takes this from one or two or three or five bank failure into a true banking crisis which needs something like a tarp, 2008 vintage which everybody holds theranos up against. >> i heard you this morning, brian, make a reference to "it's a wonderful life." that's the picture i get, people running to the bank and trying to take out their money.

there won't be somebody saying, how much money have you got, $20 here but is there a general sense of concern here what should the average person know >> the doomsday scenario roben is saying isn't playing out yet. these were banks that take deposits from businesses, not mom and mop savings and checking accounts what was very unique about the bank run we saw at silicon valley, because of the same dynamics in life, it's the whole ville taj coming in for $17, $250 in some cases this is a small group of depositors asking for a lot more money each that's why the run may have happened as fast as it did it took fewer people to think there were issues to ultimately drain the deposits of the whole bank entirely. where you have your deposits at a commercial-facing bank, that likely has fdic, up to 250k per

deposter if you have more than that, maybe consider putting it in another bank so you have multiple depositors. we have to see how all this unfolds. >> roben, a lot of experts say this was the right move. here is what former fdic sheila bair said yesterday before the decision >> almost all of our bank failures, during the great financial crisis, about 400 of them, we did purchase an assumption we sold a failed bank to a healthy bank usually the healthy acquirer would credit the insured the problem is this is a liquidity failure, a bank run. they didn't have time to prepare to market the bank. >> roben, can you elaborate on why that isn't what we saw here? >> things were happening way too quickly. i'm sure behind the scenes you had the too big to fail banks were approached. there's a moral hazard in that

you have effectively golden children left over from 2008, 2009, a lot of criticism directed at them from the likes of senator warren, you're bifurcating the system you have hugely profitable banks and this whole other ecosystem of banks which were thriving, including silicon valley bank and made one stupid move with interest rate management and caused a rush to the exits and people ostensibly taking money from a smaller bank and back into these too big to fail banks. they don't pay you anything on deposits they get in trouble, regulators slap them on the wrist it's fraught with moral hazard you didn't go out and break up these banks, jpmorgan, jpmorgan chase, well fargo and wachovia, is the only solution is the united states having four or five too big to fail banks

that's what chills me more than anything else. >> we'll be quick. interest rates we got the strong jobs number on friday a lot of people thought the fed would continue to be aggressive. >> one reason why we saw the blowup is because silicon valley bank made a bet on their portfolios that interest rates wouldn't rise as fast as they did. the fed is going to continue to race rates maybe slower than expected maybe .25 or less. we'll have to see what the number shows >> appreciate you brian cheung thank you. donald trump's lawyers tell nbc news the former president will not sit before the grand jury even as his former personal attorney prepares to testify today. what that all means for the case plus, around 17 million americans are under flood watch right now as another atmospheric

river barrels down in california how much more rain folks could see after a weekend and flooding and new dangers. apple, tinder, doordash, the digital evidence these companies could have in connection with the murder of those four university of idaho students we're back in 60 seconds -[ laughs ] well done, ma'am. what...did i do exactly? with snapshot from progressive, you get a personalized discount for doing exactly what you're already doing -- being a safe driver. congratulations. this is a bowling trophy. yeah, it's the biggest one they had. okay, thanks. mm-hmm. oh. have a good one. (vo) with verizon, you can now get a private 5g network. so you can do more than connect your business, you can make it even smarter. now ports can know where every piece of cargo is. and where it's going. (dock worker) right on time. (vo) robots can predict breakdowns and order their own replacement parts. (foreman) nice work.

(vo) and retailers can get ahead of the fashion trend of the day with a new line tomorrow. with a verizon private 5g network, you can get more agility and security. giving you more control of your business. we call this enterprise intelligence. from the network america relies on. this morning, new developments in a legal case against donald trump one of trump's attorneys tells nbc news the former president will not sit before the grand jury in new york trump's former personal attorney will michael cohen is set to testify to the grand jury this afternoon. and trump is now calling for investigation into the manhattan district attorney's office which he claims has improperly weaponized their office for political gain joining me from davenport, iowa,

vaughn hillyard. former republican congressman from florida, carlos curbelo vaughn, what can you tell us about the latest steps from trump's legal team and what we can expect to hear from him tonight? >> reporter: this is significant. we believe this is nearing the conclusion, the hush money payment investigation from manhattan district attorney alvin bragg here michael cohen, slated around 2:00 p.m. eastern, slated to appear and testify before that grand jury this will be his first time going before this specific empanelled grand jury that alvin bragg empanelled back in january. he has met with investigators now 20 times, including forrer inially seven hours on friday alone ahead of this. it's important because he is the key witness in all of this here. they is the one. he transferred that money, that $130,000 from donald trump to stormy daniels donald trump has acknowledged making that payment, but has suggested it was not an illegal,

campaign in-kind contribution. instead it was a private contract meant to silence a defamatory story against him he has denied having sex, having a relationship with stormy daniels and that is at the heart of this investigation here it is noticeable that donald trump is now saying that he will decline to go before this grand jury the invitation was brought to him, but he would have had to wave his immunity, meaning anything he would have said before that grand jury could have been used not only to bring an indictment and charges against him, but also in the potential criminal proceedings that were to follow. so much like he did ahead of that civil suit from attorney general letitia james and his family business in which he pled the fifth, this is another situation in which he's declining to testify about the investigations into him. >> kristen, how does the former president deciding not to testify impact the probe how significant is cohen's testimony?

>> cohen's testimony is very significant, but i think also very significant is the invitation for trump to testify. typically in new york, the new york practice for an indiegt grand jury is right before they intend to charge a suspected target such as trump they do invite that person to testify before the grand jury. it's typical that the defendant will not testify, but the invitation is an indication that criminal charges are near. michael cohen's testimony is going to be significant. he's going to testify just like he has in the past, that he's trained as a lawyer, but he was actually trump's fixer, and he was directed by trump to pay ms. daniels in exchange for the silence. that could constitute the charge of falsification of business records if, in fact, trump and his company collared those payments as legal fees to michael cohen who at that time was a trained attorney, but in reality that was false because they were actual reimbursed

payments >> carlos, as we mentioned, trump is in iowa today walk us through how unique a moment this is, to have a former president, current presidential candidate, under several investigations, and how do you expect this to play into his campaign >> a lot of people think him running for president again is actually part of his legal strategy trump feels like being a candidate will afford him some additional protections or might give prosecutors pause in pursuing him, at least the justice department it doesn't appear to be the case, but anyway, that's what some people theorize, that this candidacy is actually part of a legal strategy what you're going to hear other republicans saying, lindsey, is you may like donald trump -- and this in speaking the the republican primary audience, but he has a lot of baggage, he might get indicted he probably can't win because he's surrounded by all these controversies and scandals and legal exposure that's the case a lot of these

republicans will be making certainly donald trump feels a lot more comfortable behind a podium at a rally than sitting for a deposition with attorneys. >> carlos, over the weekend, former vice president pence had his strongest comments to date about his former boss and january 6th. he said president trump was wrong, i had no right to overturn the election and his reckless words endangered my family and everyone at the capitol that day and i know history will hold donald trump accountable. he said this at a closed-door event. what kind of line is he trying to draw here >> lindsey, it does seem that mike pence is running for president or potentially running for president to clear the record, to highlight the truth, to let the american people know exactly what happened on the 6th of january, not just the american people, but specifically republicans and republican primary voters who still believedonald trump and his lies about the 6th of january. so mike pence, every day he's

being more and more aggressive i know some people have been impatient because they think he should have been doing this a long time ago. it really doesn't seem like he's going to stop. he's going to continue pressing this issue and try to hold his former boss accountable. >> thank you next, they've been digging themselves out of snow, trying to recover from weekend flooding now californians are looking for a break from extreme weather, but they have a new storm threat to contend with. i'll talk with a member of the governor's emergency services office next. crime and cartel violence. after the shocking kidnapping and death of two americans in mexico, a new and urgent travel warning just as spring break season heats up. where authorities are tellg in americans to avoid l, easy-to-use tools power e*trade makes complex trading easier react to fast-moving markets with dynamic charting and a futures ladder that lets you place, flatten, or reverse orders so you won't miss an opportunity

age is just a number, and mine's unlisted. try boost® high protein with 20 grams of protein for muscle health versus 16 grams in ensure® high protein. boost® high protein. now available in cinnabon® bakery-inspired flavor. learn more at boost.com/tv the hiring process used to be the death of me. but with upwork... with upwork the hiring process is fast and flexible. behold... all that talent! ♪ this is how we work now ♪

introducing astepro allergy. now available without a prescription. behold... all that talent! astepro is the first and only 24-hour steroid-free spray. while flonase takes hours, astepro starts working in 30 minutes. so you can [ spray, spray ] astepro and go.

are bracing for another major storm system as millions of people are still dealing with flooding in monterey county, the unrelenting rain caused a levee to breach, sending floodwaters into a nearby town thousands were forced to evacuate national guard troops joined first responders in the rescue efforts saving more than 50 people nbc's nye allah charles is in california brian may, public information officer with california

governor's emergency services office nye allah, what are you seeing there? >> reporter: the entire time of palaro is covered in water about 1700 people live here and all received an evacuation order. friday around midnight is when the town was evacuated the atmospheric river came through, the levee broke since then water has been flowing through the town right now we do know officials are working to fix that levee breach they say it could be days before it's repaired, and even in the entire central california region, it's also dealing with flooding, highways and roads covered in water and thus closed going forward, the atmospheric river is expected again. officials say that's a problem and worrisome because they say it could lead to more flood damage, more road closures and more damage to homes

at this point here in pajaro, they say they can't even begin to assess the amount of damage to the homes here because, again, it's just completely covered with water lindsey. >> nye al nah charles, thank you to you and your crew >> brian, we see the video there. it's just been round after round of severe weather. what are your biggest concerns for monterey county and beyond >> the biggest concerns, not only in monterey county but across the state is this next round coming in, going on top of ground that's already saturated, on top of ground already covered in snow in the higher elevations with this next round we also have anticipated 60 to 80-mile-an-hour winds in higher elevations we'll see trees down, power outages. we just can'tget a break right now. we're responding across the state. 40 of our 58 counties are under a state of emergency as we speak this morning these rounds of storms have truly impacted the entire state

of california. we're urging all of our residents to stay alert. we hear you. we know these are difficult times. we are responding with everything we have in the state, both the national guard, local fire departments we're throwing everything at this to try and keep people safe we'll get this together. we're in for another rough round of weather coming in today. >> such an important warning for folks. bryan, we know the governor has expanded the state of emergency to six more counties, adding to already the 34 counties over the past few weeks are you worried about resources? are you feeling things are a little stretched too thin? what more do you need from the federal government >> we want to thank the fire department because they have been our partner throughout this you're right as i mentioned, 40 of our 58 counties under a state of emergency. i was asked earlier how many snowplows do you have on the roads right now, and the answer is all of them we're using high water vehicles. the national guard has heavy lift aircraft they're using. we have a state-of-the-art plane with infrared to see if there's

levee breaches or breaks in other areas we haven't addressed yet. we're using everything in our toolbox to try and respond, try and pre position resources in those areas we know are mostly vulnerable to flooding or the higher elevations to avalanches or mudslides we're trying to make sure we're in position. normally when there's a wildfire, we try to stop it. we can't stop this storm we can try to pre position and respond as quickly as possible to keep our residents safe. >> you said with the next round how important it is for people to be prepared what is your message what do people need to be doing? >> stay on high alert. pay attention to your local authorities. when those evacuation orders come in, if and when they come in, heat those warnings and get out. we don't want people to become a statistic and be trapped and have to be rescued stay on top of the warnings. also, be prepared. i mentioned, we have 60-80-mile-an-hour winds we'll likely see trees down

which will lead to power outages. have a plan. if you need to get out of your home quickly, have your important documents, your medicine, not only for you and your family, but your pets as well be ready to leave your home in a quick moment and stay alert to the warnings from your local authorities. >> bryan may, we are certainly thinking about your state. good luck to you guys. >> thank you, lindsey. let's bring in nbc meteorologist michelle grossman. walk us through not only what's happening in california but the snow threat in the northeast >> lindsey, good to see you. we have the atmospheric river event bryan was just talking about. that's the west coast. the east coast starting with today we're looking at the next wet storm coming in. you can hear it in bryan's voice. what they're dealing with, another few days of terrible weather monday, tuesday, wednesday. 25 million americans under winter alerts from the west into

the inner mountain west. looking at winter storm warnings we're worried about flooding, flash flooding as well 17 million under the risk of flood. looking at san francisco, fresno, bakersfield, crescent city over to lake tahoe looking at the chance for flash flooding as well. we have the area of low pressure moving in, bringing in all that moisture, taking hold later today. heavy rain, strong winds, winds gusting 70-80 miles per hour they'll increase tonight tomorrow, this is going to be the day where we'll see the worst weather. we're looking at intense rain. that's stretching even into southern california. you can see red, yellow, green that's your rain the brighter colors is where we're seeing the heaviest rainfall we're concerned about the wind as well, bringing down trees, bringing down power lines. it's a lot of rain we're talking about. 7 inches in some spots locally, up to 8 inches in other

spots. also measuring the snow in feet once again the highest elevations could see 8 feet of snow we're talking 1, 2, 8 feet of snow that's a lot of snow on top of snow that's already there. quickly we're watching the nor'easter that will develop later tonight. we could see winds gusting up to 60 miles per hour. could see 2 feet in thigher elevations of the northeast. it's spring break season right now there are new warnings about traveling to mexico after the kidnappings that left two americans dead texas's department of public safety says drug cartel violence and other criminal activity represent a significant safety threat to anyone who crosses into mexico right now. they're urging texans to avoid traveling to mexico. the state department also has a strict do not travel alert for six mexican states nbc's guad venegas is live from miami. what should travelers know before they pack their bags?

>> reporter: it's important to keep in mind this travel advisory is coming from the texas department of safety, but it really is up to the department of to evaluate the risk for americans traveling abroad the six states that you mentioned are the six that americans have to keep in mind when you look at the mexican map, there's 32 states the department of state will rank them between one and four, one meaning americans that go there should exercise regular precautions. number four is the do not travel you can see in the image there most spring breakers, a majority of the spring breakers will go to places like cabo and khan queue which are not part of the six states those are in a level two advisory which asks them to exercise increased caution the advice for americans is to look at department of state's website and understand it's

different depending on what part you're going to. some advice for people, turn on location services. >> i want to ask you about the chaotic scene at an el paso bridge hundreds of migrants rushing the port of entry what happened there? >> reporter: a large group of migrants attempted to force their way into the u.s individuals, women and children included, forcing their way in, pushing even mexican soldiers out of the way they were stopped where they reached the middle of the bridge where american authorities were ready with these barriers, the bashed wire. cbp informed this happened about 1:30 on sunday this isn't the first time we've seen migrants do this at an international port of entry. it happened in 2019. yesterday customs and border protection were able to stop the migrants at the bridge

we know they had to shut it down as of now that bridge has been reopened there's multiple reports out of mexico from officials saying a lot of these migrants could have been lied to they were told, if they force their way through and arrived on the american side, they would be allowed to enter the country that, of course, didn't happen lindsey. >> thank you. new details into the investigation into the gruesome murders of those four utilities of idaho students in november. documents obtained by nbc news show warrants have been issued to dozens of companies in connection to the case including names like apple and google. we're learning more about what investigators say suspect bryan kohberger was doing at the time of his arrest and how it could tie into the case. nbc correspondent gadi schwartz is following this. >> reporter: court documents obtained by nbc news show warrants were served to dozens of companies in connection to the case including apple,

google, even tinder. the content of those warrants is being redacted or sealed it's clear investigators are trying to figure out exactly where ckohberger was doing. among those companies serves, apple, amazon, google and doordash meta, snapchat, tinder, not all the warrants are focused on the suspect some are requesting bank and social media information about the victims. >> they're trying to find out if there is a hidden link that could explain a motive. >> they will never be forgotten. >> reporter: the four college students were found stabbed to death last november. authorities still haven't publicly released a motive but allege cell phone data show kohberger stalked their house and even went back to the crime

scene hours after the murders. experts say data from the warrants may help investigators piece together an even stronger digital footprint. >> they are going all in, gathering every single conceivable piece of evidence so if any doubt is raised, they will be ready. >> meanwhile, we're learning new details about what officials say kohberger was doing the moment he was arrested at his parent's house across the country in pennsylvania the 28-year-old wearing gloves while separating his trash. >> mr. kohberger was found awake in the kitchen area, dressed in shorts and a shirt, wearing latex medical-type gloves and apparently was taking his personal trash and putting it into separate zip lock baggy. >> reporter: the monroe county district attorney calling that behavior significant for the investigation. >> that's incredibly damning i. shows a consciousness of guilt that he was making sure his dna didn't end up in the trash.

>> reporter: other search warrants show what police did seize in pennsylvania, including a gun and knife, black face masks and gloves, cell phone, multiple laptops and a book with underlining on page 118. investigators san jose they found a shovel in coal berger's hyundai elantra. the latest documents, the judge ordered them to stay sealed and redacted, saying they contain highly intimate facts or statements or information that might threaten the safety or endanger the life or safety of individuals. experts say that is likely to protect the prosecution's case, possibly preventing a possible jury pool tainting, given the flash attention this whole ordeal has received. brian kolberer's hearing is set for june he hasn't entered a plea his former attorney said he was eager to be kpoj rated nchtsd next, president biden is on his way to california right now for a meeting with the leaders of

the uk and australia their plans for a new security palkt. what the u.k. prime minister is telling nbc news exclusively about what would happen if china gave russia weapons for its war in ukraine his warning and the latest from the ground in bakhmut next $652. they customize your car insurance, so you only pay for what you need. with the money we saved, we thought we'd try electric unicycles. whoa! careful, babe! saving was definitely easier. hey babe, i think i got it! it's actually... whooooa! ok, show-off! help! oh! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ i think i'm ready for this. only pay for what you need. heck ya! with e*trade you're ready for anything. marriage. kids. college. kids moving back in after college. ♪ here's to getting financially ready for anything! and here's to being single and ready to mingle. who's ready to cha-cha?! inner voice: (kombucha brewer): when i started my

new kombucha business... ... i thought there would be a lot more kombucha... ...and a lot less business. inner voice (graphic designer): as a new small business owner... ...i've learned that trying to be the “cool” boss... ...is a lot harder when you're actually the “stressed” boss. inner voice (furniture maker): i know everything about my new furniture business. well, everything except... ...the whole “business” part. not anymore. with quickbooks, you can confidently manage your business. new business? no problem. yeah. success starts with intuit quickbooks. think he's posting about all that ancient roman coinage? no. he's making real-time money moves with merrill. so no matter what the market's doing, he's ready. and that's... how you collect coins. your money never stops working for you with merrill, a bank of america company.

right now president biden is on his way to san diego where he's set to meet with the prime ministers of the uk and australia this afternoon they're expected to announce a major deal for australia to acquire nuclear-powered submarines, just as china is increasing its own capabilities in the region. nbc's kelly o'donnell is with us from the white house what do we know about the president's meetings and what he could announce today >> reporter: it's good to be with you, lindsey. this is an expectation that there could be a $4.6 billion package announced where the united states, great britain,

australia will work together and sharing sensitive nuclear secrets about how our submarine arsenal works and bringing australia in for training and giving them access to american technology in this area over time it will take a number of years to do this this kind of partnership is trying to bring about greater stability in the pacific as you point out, china is a big reason why, wanting to have these nations, and they use sort of an interesting acronym, aukus, a for australia, u.k. and u.s. they want china to be mindful of the fact that there are other nations paying attention, especially if china shows any aggression towards taiwan. this is about trying to give technology that has not been done in decades this kind of sensitive technology to a good partner like australia where we have a lot of allied relationships with them.

the united kingdom involved as well, to give them some of that technology and move it forward it will be training, ability to buy some of the equipment and so forth. so this is a partnership that the three nations believe is significant in investment for defense. lindsey? >> let's also talk about this major oil drilling project in alaska where does the president stand here >> reporter: this is a go and is a go with sort of an asterisk. you would certainly expect that a president who has talked a lot about the environment would have concerns about this. what the administration is telling us is that they will permit this drilling to take part in a part of alaska it's known as the willow project. they were also saying there were constraints already here with leases that were in place, that they were able to negotiate with companies, dialing back some of the ambitions of this project. so it will allow for more

drilling, and it was negotiated with some of the stakeholders in alaska who believe that this is a good project going forward there will be complaints from environmentalists to be sure, but the administration says in some ways its hands were tied. lindsey. >> kelly o'donnell, thank you so much. ahead of president biden's meeting, the british prime minister sat down with our lester hold for an exclusive interview. >> prime minister, the u.s. is concerned that china may provide weapons to russia with regard to the ukraine war. if that were to happen, what should the response be >> that would be a very worrying and dangerous developming. i think the strong message is not to support russia in this conflict they are completely -- they have broken the law what they're doing is appalling and no other countries should be

trying to support them. >> you can watch more of that exclusive interview tonight on nightly news ukrainian officials say the situation in the eastern city of bakhmut remains difficult as russian forces advance from several directions around the city nbc's erin mclaughlin is tracking all this from kyiv. erin, you just spoke with a ukrainian commander fighting in bakhmut. what did he say? >> reporter: lindsey, he described in harrowing detail what's being seen as the bloodiest battle of this war he said ukrainian fighters and russian paramilitary are fighting street to street within the city itself, at times measuring progress in terms of the number of houses they've claimed to control that is how close the fighting has been in the battle for bakhmut. he said ukrainian forces have made the strategic decision given that the eastern portion of the city has been completely

pulverized to cross the river that cuts the city center in two, setting up what the british ministry of defense has called a kill zone. this commander telling me that so-called kill zone has been incredibly effective so far. they've claimed hundreds of lives of russian soldiers. overall there has been some criticism, especially by western experts of ukrainian decision to continue to fight given the casualty count and also given the perception that this city is of little strategic value to either side. i asked this ukrainian commander about that he told me that all ukrainian land is worth fighting for i also asked him about ukrainian leadership saying they were using this battle to try and exhaust russian forces ahead of the ukrainian counteroffensive in the spring. he told me he could definitely see that was working on the

ground in bakhmut. lindsey. >> next hour, my colleague jose diaz-balart will get an update from ukraine's former president, petro poroshenko coming up, we'll switch gears and cover every win, every surprise, every historic moment all at once on hollywood's biggest night. >> dreams are something you have to believe in. i almost gave up on mine to all of you how the there, please keep your dreams alive. t. so you can do more than connect your business, you can make it even smarter. now ports can know where every piece of cargo is. and where it's going. (dock worker) right on time. (vo) robots can predict breakdowns and order their own replacement parts. (foreman) nice work. (vo) and retailers can get ahead of the fashion trend of the day with a new line tomorrow. with a verizon private 5g network, you can get more agility and security. giving you more control of your business. we call this enterprise intelligence. from the network america relies on.

(vo) the subaru crosstrek. dog tested. dog approved. love. it's what makes subaru, subaru. somewhere out there is that one-in-a-million. someone who thinks with their hands. who can shape raw materials into something meaningful. and who wants to serve in their own way. if you're out there. if you're looking for more. we're looking too. we're calling on a new generation of builders for navy's next-gen submarines. moderate-to-severe eczema. it doesn't care if you have a date,...

...a day off,... ...or a double shift. make your move and get out in front of eczema... with steroid-free cibinqo. not an injection,... cibinqo is a once-daily pill for those who didn't respond to past treatments. and it's proven to help provide clearer skin and relieve itch fast. cibinqo continuously treats eczema whether you're flaring or not. cibinqo can lower your ability to fight infections, including tb. before and during treatment, your doctor should check for infections and do blood tests. tell your doctor if you've had hepatitis b or c, have flu-like symptoms, or are prone to infections. do not take with medicines that prevent blood clots. serious, sometimes fatal infections, lymphoma, lung, skin and other cancers, serious heart-related events, and blood clots can happen. people 50 and older with heart disease risk factors have an increased risk of serious heart-related events or death with jak inhibitors. it's time to get out in front of eczema. ask your doctor about once-daily cibinqo. when you shop wayfair, you get big deals for your home - every day.

so big, we'll have you saying... am i a big deal? yeah you are, because it's a big deal, when you get a big deal. wayfair deals so big that you might get a big head. because with savings so real... you can get your dream sofa for half the price. wayfair. it's always a big deal. ♪ wayfair, you've got just what i need ♪ the stars were out last night for hollywood's biggest party as indee darling everything everywhere all at once won the big prize kaylee hartung has a look at some of the biggest moments of the night. >> the 95th academy awards had it all, fame, fashion, and those up all night parties there were also some historic firsts even jamie lee curtis stayed up

past her bedtime as the biggest winner of the night was "everything everywhere all at once" that not only won best picture but swept most of the major acting categories too. from the fashion to the musical perfo performances ♪ >> eject, eject. >> to host jimmy kimmel crash landing onto the stage but the biggest winner of the night, the quirky sci-fi film "everything everywhere all at once" which took home seven oscars including best picture and best director. the inspirational michelle yeoh becoming the first asian to win best actress in a leading role. >> for all the little boys and girls who look like me watching tonight, this is a beacon of hope and possibilities >> her co-stars, ke huy quan and

jamie lee curtis. >> i spent a year in a refugee camp and somehow i ended up here on hollywood's biggest stage this is the american dream >> i know it looks like i'm standing up here by myself, but i am not i am hundreds of people. we just won an oscar together! my mother and my father were both nominated for oscars in different categories i just won an oscar. >> who would me to be a part of their life >> an emotional brendan fraser with the best acting oscar for his role in "the whale". >> i started in this business 30 years ago, and things didn't come easy for me i just want to say thank you for this acknowledge. >> also making history the the song naatu, naatu which became

the first indian song. >> it beat out super bowl halftime star rihanna who was nominated for her first oscar for the hit "lift me up" from the "black panther" wakanda forever sound track. john travolta getting emotional as he paid tribute to olivia newton-john and honoring those who have died in the past year. >> they've touched our hearts. they've made us smile and became dear friends, who we will always remain hopelessly devoted to >> oh, wow >> reporter: as for last year's shocking oscar's slap involving will smith and chris rock, oscar host jimmy kimmel made sure to put out a fair warning. >> we have strict policies in place, if anyone in this theater commits an act of violence at any point during this show, you will be awarded the oscar for best actor [ laughter ] and permitted to give a 19-minute long speech. >> and another beautifully

emotional moment came at the very end of the show as a harrison ford presented the best picture award and reunited with his "indiana jones" co-star kehuy quan this was really a full circle moment for him that interaction pointed to the main message of the night. all four winners in the acting category said at some point they thought they were at the end of their careers only to come out with the biggest award in hollywood last night, so clearly they're just getting started. >> kaylee hartung, thank you so many firsts and well dedefbed as well. i'll be back here tomorrow at 10:00 a.m. eastern. "josé diaz-balart reports" is next

my moderate to severe plaque psoriasis... the burning, itching. the pain. emerge tremfyant®. with tremfya®, most people saw 90% clearer skin at 16 weeks. the majority of people saw 90% clearer skin even at 5 years. serious allergic reactions may occur. tremfya® may increase your risk of infections and lower your ability to fight them. tell your doctor if you have an infection or symptoms or if you had a vaccine or plan to. emerge tremfyant®. with tremfya®. ask your doctor about tremfya® today. (bridget) with thyroid eye disease i hid from the camera. ask your doctor and i wanted to hide from the world. for years, i thought my t.e.d. was beyond help... but then i asked my doctor about tepezza. (vo) tepezza is the only medicine

that treats t.e.d. at the source not just the symptoms. in a clinical study more than 8 out of 10 patients taking tepezza had less eye bulging. tepezza is an infusion. patients taking tepezza may have infusion reactions. tell your doctor right away if you experience high blood pressure, fast heartbeat, shortness of breath or muscle pain. before getting tepezza, tell your doctor if you have diabetes, ibd, or are pregnant, or planning to become pregnant. tepezza may raise blood sugar even if you don't have diabetes and may worsen ibd such as crohn's disease or ulcerative colitis. now, i'm ready to be seen again. visit mytepezza.com to find a ted eye specialist and to see bridget's before and after photos.

in order for small businesses to thrive, they need to be smart... efficient... agile... and that's never been more important than it is right now. so for a limited time, comcast business is introducing small business savings. call now to get powerful internet for just $39 a month, with no contract, and a money back guarantee. all on the largest, fastest, reliable network. from the company that powers more businesses than anyone else. call and start saving today. comcast business. powering possibilities.

good morning, 11:00 a.m. eastern, 8:00 a.m. pacific, i'm josé diaz-balart president biden tries to reassure americans about the health of the nation's banking system after the massive collapse of both silicon valley bank and signature bank. we've got details on the government's rescue plan. and the desperate battle for the control of the city of bakhmut. we will ask whether this could be a turning point in russia's war. it's being called one of the worst maritime smuggling tragedies in recent years. eight people are dead, seven missing after two suspected smugglin