shook customers and investors alike. the question was, and really still is, would it also threaten the broader market and the banking system? so far the answer appears to be no. markets largely held steady closing the day mixed though shares in regional banks similar to the ones that failed did take a beating. joining us shortly former treasury secretary lawrence summers who accurately predicted the inflation to walk us through what he thinks of the federal response so far including this promise from the president. every american should feel confident their deposits will be there if and when they need them. in addition we have cnn s christine romans and phil mattingly on this tonight. we begin with christine. so is the threat of contagion in the financial markets, does that seem to have passed? these two banks in particular, they put a big ring around these banks and stopped the fire here and made essentially the depositors whole. these are people who would have to go a
Make change. I dont think so. The president s attack on his 2020 opponent for ripping off the American People come as a top trump adviser who was key to President Trumps 2016 election is expected to appear virtually in court any moment for ripping off the American People. Former Trump Campaign ceo and former white house chief strategist accused of defrauding the president s own supporters arrested off a yacht. He was charged with conspiracy to commit wire fraud and money laundering. He took hundreds of thousands of dollars for his own personal gain under the guise of raising money for we build the wall. A group trying to fulfill Trumps Campaign promise. Acting homeland secretary visited the site where the group was building a wall device and donald trump junior gave a speech at one of the events calling what they were doing, what capitalism is all about. A spokesperson for the Trump Organization telling the New York Times that trump junior was deceived by the group and had no involveme
Climate crisis. President trump, conversely, seems to be blaming californians for not sufficiently raking leaves in the forest and continuing better Forest Management even though, as the governor just pointed out to President Trump, the vast majority of the forests in california are federal, and President Trumps push against Climate Science is something that one california official took issue with today when he met President Trump. And were seeing this warming trend make our summers warmer but also our winters warmer as well. If we ignore that science and sort of put our head in the sand and think its all about managing. Itll start getting cooler. Just watch. I wish science agreed with you. I dont think science knows actually. The fires are just one matter of life and death that President Trump is facing right now in his job as he ignores the science of Climate Change as you saw in that clip. He is also ignoring the science of the coronavirus pandemic holding a crowded indoor rally wit
The west coast. Im poppy harlow. And im jim sciutto. We are following breaking news. Theres lots of t. Hurricane sally is slowly churning towards the gulf coast. That speed is key. Its picking up strength as it moves, but that speed becomes a problem because that means rape, lots of it, will pound parts of the coast for longer for a longer period of time, feet perhaps, our chad myers says. Flash flooding and a lifethreatening storm surge, Major Concerns right now. Were also following Deadly Wildfires on west coast. 87 of them, and they are large and deadly, torching millions of acres in ten states now. At least 36 people are dead from blazes. Dozens more this morning are missing. Well get to that in a moment. Lets begin though with the storm. With the hurricane and ed lavin is in gulfport, mississippi where residents are preparing for sale, and one of the big problems, ed is how slow its moving. Reporter yeah. Thats really the troubling news here this morning as we monitor effects of h
The president stressing gains in the u. S. Stock market on a day up more than 1300 americans died. Also breaking, at least 35 People Killed in western wildfires that now blackened an area of california about the size of connecticut. The gulf coast is bracing for hurricane sally. It just strengthened to a category two storm with with 100 Miles Per Hour winds and rapidly intensifying. Expected to reach landfall late tomorrow, early wednesday. First, lets go to jim acosta. Jim, the president is out west tonight in phoenix, arizona. Once again, completely ignoring the science of the pandemic as well as Climate Change for that matter. Reporter thats right, wolf. This is the new abnormal on the campaign trail for President Trump. The president is on his way to a latinos for trump event in phoenix at this hour. That event appears to be again another potential health risk for supporters as there will not be, show you pictures, not much social distancing going on. You can see from pictures of t