paula reid in for jim acosta. you re in the cnn newsroom we begin this hour with a potential new milestone in russia s war in ukraine. ukraine has announced that it has used a u.s. made patriot air defense system like this to bring down a russian hypersonic missile. if true, it would be the first time ukraine was able to intercept a missile that travels at ten times the speed of sound. cnn s sam kiley joins us from kyiv with the latest. sam, how significant is this? reporter: i think it s very significant indeed, for two reasons. first of all, it s kind of proving the need for highly sophisticated weapons such as the patriot missile that the ukrainians have been asking for effectively since 2014 when they were first invaded by the russians. but then on a technological level, paula, this is a very significant development because patriot was never designed for hypersonic missiles because they didn t exist when patriot was designed. this is a missile that can travel up to te
[gavel pound] the committee will come to order. Today we will receive testimony from Federal Reserve chair janet yellen, regarding the feds semiannual report to congress on Monetary Policy and the state of the economy. It will come as no surprise to you, chair yellen, that improving Economic Growth is a key priority for congress this year. Priority for congress this year. 2016 was the 11th Consecutive Year that the us economy failed to grow by more than three percent. One way to improve our Economic Growth is to study and discuss areas where regulations can be improved. Since the financial crisis regulators have imposed thousands of new pages of regulations. We all need to better understand that combined impact of these rules on lending, liquidity, cost for small Financial Institutions and broader Economic Growth. It is time to reassess what is working and what is not. I am encouraged by President Trumps executive order on Core Principles for regulating the Financial System. Directing
It is 2 and a half hours. The committee will come to order. Today, we will receive testimony from janet yellen regarding the feds semiannual report to congress on Monetary Policy and the state of the economy. It will come as no surprise to you that improving Economic Growth is a key priority for congress this year. Was the 11th Consecutive Year that the u. S. Economy failed to grow by more than 3 . One way to improve our Economic Growth is it to study and address areas where regulations can be improved. Since the financial crisis regulators have imposed thousands of new pages of regulations. We all need to better understand the combined impact of these rules on lending, liquidity, cost for small Financial Institutions, and broader Economic Growth. It is time to reassess what is working and what is not. Im encouraged by President Trumps executive order on Core Principles for regulating the Financial System. Directing the treasury secretary in consultation with the heads of the other mem
Through saturday morning due and snow melt. Flooding is expected primarily on smaller creeks and streams, but main stem rivers above reservoirs may also quickly rise. Winter storm watch for sunday for western nevada. A second winter storm will bring occasional snow, with Winter Driving conditions possible on valley floors. Stormy weather will continue through the weekend. Snow levels will be high to start, then fall rapidly in the Early Morning hours on saturday. Expect heavy rain to turn to snow, with Winter Driving conditions dropping into the tahoe basin before sunrise and possible to the foothills soon after. Valley floors will see rain change to snow, with a quick, slushy inch or two possible. After a brief break, another winter storm will move through on sunday. Conditions are more favorable for valley snow, with several inches possible, especially south of highway 50. Jeff tree and fence damage, and blowing dust and debris all possible through the evening. Winter storm warning f
Heres your planner for tomorrow. The best chance theres snow on the valley floor, 7 00 to nine coliseum. And is theres another round on sunday that being be more widespread. Possibly 24 inches of snow on the valley floor. Maybe even 6 in spots. It is an interesting weekend. Take your chains. Kathy joins us live with the latest. Reporter we saw semis overturned to the highway, still gusty pretty well up here. Property damage and downed power lines. Take a look at these wind gusts today. Over 100 Miles Per Hour here at mt. Rose. Gusts in Washoe Valley where we saw those semis overturned. And were about 7,000 feet up, and is its still raining. This is pretty steady rain up here. And were still above freezing. As we way for the cold front to push through, well see the transition to all snow. Weve seen a few plows driving and is taking measurements on the road. And well hopefully get some more snow. We are watching for some flood watches and warnings. Its a pretty wide stretch with rain fal