congress and trying to restore confidence. and cut ties with china or be banned. that is what we are watching this hour. thank you for being here. i m kate bolduan, and first to capitol hill where secretary treasury janet yellen is trying to assure the american people and the senate that the monetary system is sound. and they may get to the president s budget, but in light of that, her appearance there is taking on new appearance, because she is the first biden administration official to appear before the senate, and this is after the global financial markets have been rattled by another problem. credit suisse has been propped up by over $54 million from the swiss bank. this a look at where it is standing right now as christine romans is watching all of this for us. first, christine, start with janet yellen who is testifying now. she is speaking to congress, but speaking directly to the american people telling them that your money is safe here, and we have taken steps to
that he is also at the end of the witness list. we know that there is an invitation extended to the former president, and that is extended to defendants shortly before an indictment, and so an indictment is likely and could come soon, and this morning cohen shared details of what it was like when he went back before the grand jury, and let s take a listen. what i can tell you is that they are questioning of me that started at like 35,000 feet. okay. and by the time i hit the 20th interview, we were at three feet ready to land. the grand jury was the actual takeoff back to, we will call it accountability-ville. i will tell you that they have a tremendous amount of information. so the question is what information do they have, because this conduct is about seven years old, and this investigation has been going on for five years and we have been
expect both republicans and democrats will ask him some pretty tough questions. thank you. a lot to dive in here. joining us, jennifer rogers, former federal prosecutor. new information this morning cohen will testify to roles cohen pleaded guilty to, including the hush money payments and including lying to congress about payments to russia. he will testify about the president s role in those crimes. is it significant? it s huge. we already know cohen implicated him with the new york case and hush money payments. this is him filling in the gaps with more details. what exactly did the president say and do to direct him to do that. the perjury thing is something we haven t filled out yet. who coordinated with cohen with this false testimony he gave to congress. who told him to do that, if anyone did. we re waiting to see how seriously he implicates trump in
them. and if he does decide his only path forward, his only way out of this jeopardy because he s not going to get a pardon any more, that seems clear is to talk about both what he knows about russia and what he knows about trump s business dealings before the campaign ever began. it is an enormous, enormous threat to the president. emily, let s put up the headline for your piece that came out. we love people who file in the 4:00 hour. fury, cohen is mad as hell and he s not going to take it any more. this jumped out to me. cohen reached out to another trump foe. on friday morning cohen texted steve bannon. that s this morning. the former white house chief strategist ejected from the white house after making a series of unflammatory remarks about the president and his family to michael wolff and his book fire and fury. in one claim bannon told him he in knew about the meeting in trump tower. the chance he did not walk up to his father s office jumo
to making sure that everyone finds out the truth and the facts of what happened. and i give my word that we will not rest until that happens. the day began with cohen attempting to defy a federal judge s order to reveal the names of his legal clients there are not many, i should note. cohen is claiming the raids last week violated attorney-client privilege, threaten his client s rights. in a letter this morning cohen s attorneys agreed only to disclose two of his grand total of three clients. that would a man by the name of donald trump, who is president these united states, and a man by the name of elliott broidy, who is a republican fundraiser who you probably hasn t heard about until he resigned from the rnc after he was revealed to have paid $1.6 million in hush money, through michael cohen, that guy, to a former playboy playmate he had impregnated. he being broidy. client number three, one of his lawyers telling the court the