welcome to our viewers in the united states and around the world. this is early start. we begin with global markets in turmoil in the wake of the failure of two major commercial banks, svb and signature bank in the united states. global markets, asian shares closed down sharply as investors fear further bank collapses to come. european stocks have been climbing though in the last few hours, a mixed performance now, but trying to find some footing this europe. and look at u.s. futures, they are up slightly. we ll try to make sense of all of this for you in a moment. one place you don t want your investment dollars right now, regional bank stocks. first republic shares first more than 60%. western alliance bank corp down 47%. driving the u.s. market overall, extreme fear. according to cnn business fear and groeed index. clare sebastian is joining us now. explain why u.s. futures are up again. yes, and there has been five straight down sessions, basically a week of losses le
u.s. officials tell cnn the possibility of shooting down the chinese spy balloon has not been ruled out. this as the secretary of state warns beijing that the balloon s brazen flight over the united states is a clear violation and an irresponsible act. also tonight, president biden is out touting a blockbuster jobs report, proving it claims critics of his policies are wrong. we ll break down the political impact for the president just ahead of the state of union address and the expected launch of his re-election campaign. and a life-threatening arctic blast is bearing down right now on the northeast. stand by for an up-to-the-minute forecast on the bitter cold and dangerous winds, putting tens of millions of americans at risk. welcome to our viewers here in the united states and around the world. i m wolf blitzer. you re in the situation room. we begin with the rising tensions right now between the united states and china as that massive spy balloon is still out there
it s very unique to the yucatán peninsula. they were very sacred to the mayans. they believed that this was a passage to the underworld. the maya define the culture of yucatán. as one of the great civilizations in central america, their influence is everywhere. this is huge! their dna runs through every local dish. - [speaking spanish] - and their ancient ways are still a source of inspiration. - let s let it burn a little bit more, and. - more? - we grind. - i m eva longoria, born and bred in texas with mexican-american roots, which makes me a texican. i m exploring mexico to see how the people, their lands, and their past have shaped a culinary tradition as diverse as its 32 states. i don t think i ve ever seen an avocado this big. - here in yucatán, there are so many great ingredients. - with searingly hot weather all year round, time moves at a slower pace in yucatán. - [speaking mayan] - when it s taken hundreds of years to build the pyramids, waiting a day for y
reporter: yeah good morning, from rolling fork, mississippi here in the mississippi delta not too far from the mississippi river, and guys, i just, you know, a picture sometimes speaks thousand words. and this is, this is about as bad as it gets in aftermath of a tornado preliminary ef4 rating look at this what i m stangtding on this debris and this is an oil cabin essentially and you hear it and can you imagine something this heavy being tossed around. and the projectiles like this here, this board with the nails, 166 miles per hour winds this tornado created. and you imagine items like flying through the air all over and this is what we re seeing on street after street here in this neighborhood in rolling fork. aluminum twisted look at this vehicle behind me on top of this pile. and then underneath all of these cinder blocks there are other vehicles that have been crushed and ripped apart and pounded down by the furry and energy of this incredible tornado this ef4 accordi
struggles that americans are facing. as the president faces accusations of bailing out wealthy democratic tech donors. the consumer price index is out for the month of february, rising .4% from january, up 6% over last year. food costs are up nearly 10% as a whole, and i don t have to tell you that basic staples like eggs jumped 55%. while gas is down ever so slightly, other energy costs are sky high. and the biggest bank failure since the 2008 disaster is adding to the country s economic concerns. it is also fueling a partisan blame game. republicans blast president biden s response to the silicon valley bank collapse, accusing him of giving special treatment to some of his party s biggest donors. while the white house is busy pointing fingers at the last administration. typical. thanks to quick action of my administration the past few days, americans can have confidence that the bank system is safe. during the obama biden administration, we had tough on banks, including t