are more than what many analysts expected and a sign that still strong hiring continues despite the ongoing efforts of the federal reserve to cool it off to tame inflation. wall street is reacting to report, and you can see right now the stocks are down, and well, it is mixed and stable at the moment. matt egan and m.j. lee are standing by to have a look at what this means while we wait for the president. what stands out for you, matt? it is amaze, kate, that the economy is still adding this many jobs despite the federal reserve s warnings, and despite the jobs gains, and people are still being hired at a rapid pace. and so, 311,000 jobs added in february, and this is how strong the job market is, and hiring slowed significantly in february, and yet, i still came in at a strong levelsh and a level well above expectations, and so no sign of a recession here at all. the unemployment rate ticked up to 3.6%, but remember, that is coming off of the 53-year low in january, and a
prosecutors have invited trump to testify next week before a grand jury. it s a move that typically indicates an investigation is nearing its end and that an indictment could be mimminent. the former president is at the center of many criminal investigations but this grand jury is looking into the hush money payments to adult film star stormy damages during the 2016 presidential campaign. while president mr. trump was asked about the payment and he denied making it and directed questions to his then personal lawyer, michael cohen. less than a year later, cohen testified to congress. watch. did you know about the $130,000 payment to stormy daniels? no, no. why did michael cohen well, you ll have to ask michael cohen. michael is my attorney. you ll have to ask michael cohen. i am providing a copy of a $35,000 check that president trump personally signed from his personal bank account on august 1st of 2017, when he was president of the united states. the president of
storms threatening the west coast. 17 million people across california and nevada are under flood watches. the storm is known as an atmospheric river, basically a fire hose of water. the big concern, flooding from rising rivers and melting snowpack. the ground is already saturated from weeks of heavy rainfall. look at oakland. parts of the interstate shut down because of flooding. east of oakland, the roof of a dollar store collapsed from the wait of the rain on top of the snow still there from earlier storms. the store said to be a total loss. the good news, no one was hurt. evacuation warnings are in effect for five central california counties. officials are telling people to move to higher ground now. we re covering this from all angles. nick watt is just outside san jose. let s go to we ll start with nick. nick, what are you seeing there? reporter: victor, we re seeing a lot of water here in felton. we re a little bit up river from santa cruz. as you can see, if you
cnn newsroom. hello, i m bianna golodryga. a powerful winter storm is related to two storm-related deaths. i m victor howell. and we have this video of waters rushing through springfield in central, california, and the weather is getting worse by the minute. residents are being urged to get to higher ground for their safety. parts of interstate i-80 had to be shutdown because of failed water pumps. and we go to nick who is there on the scene for us. what is behind you there? well, since we have last spoken, we have moved from felton to santa cruz, and what you are seeing here is an earth mover trying to build a makeshift road. this road was washed out at 2:00 a.m., and i m afraid to they i was up and about that time, the rain was biblical. just washed this road away, and you see the gas lines are still there, and there was until 30 seconds ago a forlorn palm tree over my shoulder, and the earth mover just pulled it down and emblematic of what is happening in california
in the key 2024 battle ground state of iowa. he has an event soon putting his presidential ambitions very much in the spotlight just days before donald trump campaigns in the state. this as trump has been invited to appear before a grand jury investigating his alleged role in covering up hush money payments to adult film star stormy daniels. the move signaling a decision whether to charge trump may happen soon. welcome to our viewers here in the united states and around the world. i m wolf f bblitzer. you re the situation room. we begin with a historic collapse of a california bank. u.s. stock prices sliding amid questions about whether this is an isolated case or a sign of things to come. cnn s chief white house correspondent phil mattingly is following the story for us along with mark and our own matt edgen matt, first to you, how serious is this bank collapse? reporter: stunning collapse. silicon valley bank may not be a household name but it has more than $200 bil