evacuation orders in california as excessive rainfall leads to raging flood waters. the fresno county sheriff joins me in a few minutes. new legal woes for donald trump, the former u.s. president is considering whether to testify before a grand jury about his alleged role in a hush money scheme. a look at what s behind the second largest bank collapse in u.s. history, and how it happened in just 48 hours. announcer: live from cnn center, this is cnn newsroom with kim brunhuber. another atmospheric river has been pouring massive amounts of rain and snow on california, at least two people have died in powerful storms battering the state. and the weather prediction center put parts of california in the highest warning level possible for excessive rainfall with the worst of it out along the california central coast. officials issued warnings for 10,000 residents, including these folks, who say the rain is unprecedented. go up there check on the scene in case they need
paula. it s just a very scary time in our country. asking for trouble. team trump trying to fire up his base, as he faces possible indictment within days. and joining forces, the world s biggest central banks team up to keep the cash flowing and stave off a possible financial crisis. all right. welcome to our viewers in the united states and around the world, i m christine romans. good monday morning to you. in just 90 minutes, china s leader xi jinping arriving in moscow for a state visit including a one-on-one meeting with russian president vladimir putin. overnight, the two leaders published articles written for audiences in each country. the pieces highlight the trust in cooperation, and credit china for promoting peace in ukraine. cnn s salma abdelaziz following the story live from london for us. salma, what s the purpose of xi s visit? and what is putin looking for from china? reporter: well, for president xi who has, of course, secured that unprecedented third
voice-over: live from our studio in singapore, - this is bbc news. it s newsday. welcome to our viewers on pbs in america, and around the globe. eleven of america s biggest private banks have stepped forward with a $30 billion rescue package for the troubled first republic bank. fears had been growing that the regional lender might be at risk of failure, as a result of market turmoil. the us treasury secretary, janet yellen, insists the rescue deal is evidence of resilience in the country s banking system. ican i can reassure the members of the committee that our banking system is sound, and that americans can feel confident that their deposits will be there when they need them. this week s actions demonstrate our resolute commitment to ensure that our financial system remains strong, and that depositors s savings remain safe. our north america correspondent, peter bowes, told us what prompted janet yellen to strike such an upbeat note. for about a week now, since the collaps
a group of big american banks has injected $30 billion into a smaller regional bank, first republic, which had been seen as at risk of failure. it comes as fears grow of a crisis in the global financial sector. shares in european banks hit a two month low, after the eurozone s central bank hiked interest rates by a half of 1%. us treasury secretary janet yellen insists the us financial system remains sound, despite a series of bank collapses. let s cross to los angeles, and speak to our north america correspondent, peter bowes. peter bring us up on what the latest is and what is going on. it clearly is a big boost for first republic was that there were fears it could go under just like silicon valley bank did last week, and this $30 billion, from 11 major banks, that includejp morgan chase, citigroup as well, crucially important to keep first republic alive, because first republic alive, because first republic is a very prominent banker in california, in los angeles, over the
welcome to our viewers on pbs in america and around the globe. a group of big american banks has injected $30 billion into a smaller regional bank, first republic, which had been seen as at risk of failure. it comes as fears grow of a crisis in the global financial sector. shares in european banks hit a two month low after the eurozone s central bank hiked interest rates by 0.5%. our north america correspondent peter bowes has more. this clearly is a big boost. there were fears he could go underjust like silicon valley bank did last week, and this $30 billion from 11 major banks that includejp morgan chase, citigroup as well, crucially important to keep first republic alive because first republic alive because first republic is a very prominent bank here in california in los angeles, over the last few days we have seen people queueing outside to take their money, their investments out of that bank and placed them with other larger banks, such as been their concern that it cou