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Hi, this is what happened to me. What is going on here??
[Branched by mod: different subject]
This is strange! Looks like the media is missing but preview is available in the project panel.
Could you try clearing the cache: https://community.adobe.com/t5/premiere-pro/faq-how-to-clear-your-media-cache-in-30-seconds-in-premi...
If that doesn't help, try resetting the preferences: https://community.adobe.com/t5/premiere-pro/faq-how-to-reset-trash-preferences-in-premiere-pro/td-p/...
Let us know the outcome.