bank failures, silicon valley bank and signature bank. christine romans, what is happening with credit suisse is different, but it s also spooking thing market. it is. so this is european banking fears that are now spreading back into an already fragile and vulnerable u.s. system. credit suisse down 20% to a record low. several european bank shares are halted in european trading. so that s just feeding into the worry about rising free agents and fragilely in the world. dow futures down 1.5%. if this holds this would take away the rally in yesterday. nasdaq, s&p futures also lower here. the regional banks that bounced back in the u.s. yesterday a sign of stability, a sign of relief, a mixed performance. first republic shares in premarket trading up a little bit. some of the other banks are down and again what folks are really zeroing in here is what are the exposure to these banks, these long-term treasuries, long-term securities that are going to be hard to sell in the near
inflation. prices fell dramatically last month for manufacturers. of course, those costs passed down to consumers eventually. the flip side, there are still banking fears simmering, futures way down ahead of the opening bell, you can see there. what all of this means as we get another big decision coming, that is, the feds, whether it will raise interest rates again. plus this morning escalating tensions after an alarming encounter over the black sea, a russian fighter jet colliding with an unmanned u.s. drone. that $23 million aircraft then crashing into the sea and the race is now on to recover it. extreme life-threatening weather continues to hammer both coasts this morning. record rain, swamping california, heavy snow, 3 feet in some areas, burying the northeast. this morning nearly half a million people without power. we are going to get to all of that, but we do want to begin with the economy this morning, this new data that just dropped, cnn chief business corres
rn mor see how easy it is toe hundreds a year on your wireless bill over t-mobile, at&t and verizon. to learn more, visit your local xfinity store today. good morning. we re all here. all three of us. you see, caitlin is downtown at 100 center street where it s all happening. everyone will be. this is gonna be a significant day in american history a significant day for the first time ever. we re going to see a former president surrendered to authorities on criminal charges again. you can see katelyn polantz. the courthouse should be reporting. there it is. tuesday it s april 4th 2023. we re gonna get started with five things to know. for today. first of course, donald trump expected to be arraigned in the afternoon before returning to mar-a-lago for a news conference . he added a new attorney to his team just yesterday we ll discuss. and overnight the judge has decided not to allow tv cameras in court today, but stil
missing in mexico after crossing the border more than two weeks ago. what we know about the case. plus, former vice president mike pence not mincing words. his harshest statements yet about president trump s role on january 6th and the republicans now trying to downplay the capitol attack. i ve been doing this a long time and have to say donie o sullivan is probably best in the business. incredible. very kind of him to say that. should be honored, really. but anderson didn t say that sthe online could be almost anyone s voice and real concerns its raising, coming up on cnn this morning. we begin with a break in the storm center battering california moved out of the northern and central parts of the state for now but leaving in its wake flooded towns washed out roads and thousands out of their homes. in monterey county the river is surging after relentless rain and the levee couldn t keep up. it probably early saturday morning sending floodwaters into the small
hello, and thank you for joining me this sunday. i m fredricka whitfield. and we begin this hour with the west coast bracing for another round of dangerous downpours. the 11th atmospheric river so far this season is expected to hit in the coming hours. forecasters are predicting this latest storm to bring up to 6 inches of rain for parts of northern and central california. areas already facing severe flooding. more than 15 million people remain under flood watches from california to nevada and evacuation orders are already in place for parts of monterey county after a levee brief flooded homes. sheriffs are going door-to-door to help as rivers of waters rush through the communities. mike is in hard-hit monterey county. it looks like you re standing in a lake. but then, at the same time, it looks like that is like a downtown area? reporter: yeah, fredricka, good morning. this is in monterey county, california and we thought would this water recede, but this water has been he