it s 10:00 eastern. i m ana cabrera reporting from new york. breaking news this morning. first republic bank seized and sold to jpmorgan in an overnight deal. this is now the second largest bank failure in u.s. history, the third major bank to go under in less than two months. how are the markets reacting this morning? and what does it all mean for your money? is it safe? the manhunt for a suspected mass murderer continues in texas. a authorities say they have zero leads. five people are dead, including a 9-year-old boy. a community shaken to the core. we will bring you a live update on where the search goes next. we re asking ever everyone for your help so you can bring this suspect or this monster, i will call him, to justice. a weekend of absolutely wild weather. from a tornado touching down in virginia beach to the historic rise of the mississippi river, expected to crest today in communities already under water. more breaking news. this is out of france where u
six people killed as dozens of cars pile up in a crash caused in part by dust and strong winds. and no script for this, hollywood writers now on strike bringing production to many shows to a sudden halt. welcome to our viewers in the united states and around the world. i m countrhristine romans. president biden calling top leaders to the white house a week from today to talk about raising the debt ceiling. janet yellen said that the federal government face as catastrophic default as soon as june 1 if congress doesn t act. the money runs out june 1. in a letter, yellen writes after reviewing recent federal tax receipts, our best estimate is that we will be unable to continue to satisfy the obligations potentially as early as june 1. and jasmine wright is live for us. this gives a date when all the bills can t be paid and the white house said it won t negotiate. so what does biden want to talk about next week? reporter: the process is president is looking to shake up th
in a major victory for the justice department, a jury just found four members of the proud boys guilty of seditious conspiracy, including the group s leader, enrique tarrio. we re going to be live outside the courthouse. ludicrous, that s what the u.s. is calling russian accusation it was involved in a drone attack on the kremlin. meantime, retaliation strikes inte intensify. we re live from the battlefield next. the suspect in the atlanta mass shooting waived his right to his first court appearance today. his mother is now speaking out. what we are learning about him and one of the victims, all of these developing stories and many more all coming in right here to cnn news central. an historic verdict today on some of the most serious charges related to the january 6th insurrection. four members of the far-right group known as the proud boys were found guilty of seditious conspiracy. enrique tarrio, zachary rehl, joseph biggs, and ethan nordean were on trial for their
weeks from now. we ll discuss the really dire implications for the u.s. economy if that happens with the former treasury secretary larry summers. also tonight, a huge dust storm causes multiple deaths and dozens of car wrecks in a massive interstate pileup. we re tracking this weather disaster in illinois. and an intensifying man hunt in texas after a gunman killed five neighbors including a 9-year-old little boy. authorities pleading for the public s help as this armed and very dangerous suspect has been on the loose since friday. welcome to our viewers here in the united states and around the world. i m wolf blitzer, you re in the situation room. announcer: this is cnn breaking news. and let s get straight to the breaking news. trashy secretary janet yellen s very very blunt warning about the u.s. debt limit. cnn is covering the story from every angle. our correspondents are standing by over at the white house on capitol hill, and in the nation s financial cente
opinion, is witness intimidation. we plan on the next 7 to 10 days having a press conference to give the press and the american people the facts what we have uncovered thus far. sandra: what he said there caught jonathan turley s attention. tweeted directly after, if true, it s a continuation of a scorched earth strategy. why he thinks a criminal plea deal may be the biden s best bet. a lot of news making here, trace. good to have you. sandra smith in new york. trace: fascinating, sandra. also this hour, president biden will tackle the china threat in a high stakes meeting with the president of the philippines. american and filipino pilots are flying the first time together in 30 years. sandra: and we expect the philippines president to arrive at the white house this hour. but first this. begin with two cities in crisis, including one that just declared a state of emergency. trace: leaders of brownsville, texas are under extreme pressure to house the 15,000 migrants t