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
will: is a rode rodeo bull, and he is not exactly smiling this morning. pete: he s looking at you. will: that is head down, dirt scratching, slobbering bull right there. can you imagine, pete? i don t even want to get closer pete: no. wait, will, will, will, there s a gate between you and that guy. just walk a little closer, you know, he can t go through the gate, he can t jump, right? rachel: it s your yellowstone moment. come on, will. [laughter] will: you guys sitting on a couch in new york city. let me tell you, i m surrounded by non-smiling faces that work at the rodeo. they re terrified that he s going to lift that panel. i just gave everybody behind me, you know, a cameraman, an audio guy, go up, not out. when he gets out of here, you climb up. he ll chase you down, so you climb fences. he is i saw him yesterday. by the way, jester has only been ridden five times. 87% buckoff rate. he s really not happy this morning. e yeah, or he s not happy. let me show gro
consequences for workers access to the cash to b built to now piñera employee to actually cover the expenses we got, the thing i am mostl worried about. the news coming even as president biden and the countr get good news on the economy a a whole. we created more jobs in the two years and an administration that created th first four years and i think all of thi matters. it is no accident. it means our economic plans ar working and now the bigges threat to our recovery is th reckless talk, the reckless to my maga friends. they are threatening to fall o the national debt. in fact, planning to fall as some republicans seem to b doing puts us very much at risk the president referring t new debt ceiling demands from group of republican hous members second but economi gains in jeopardy. i will talk to congressman mar takano ahead about that as well all of that plus this. bring it on, all alone issue later who refused to quit when her teammates did taking on th state champi
storms threatening the west coast. 17 million people across california and nevada are under flood watches. the storm is known as an atmospheric river, basically a fire hose of water. the big concern, flooding from rising rivers and melting snowpack. the ground is already saturated from weeks of heavy rainfall. look at oakland. parts of the interstate shut down because of flooding. east of oakland, the roof of a dollar store collapsed from the wait of the rain on top of the snow still there from earlier storms. the store said to be a total loss. the good news, no one was hurt. evacuation warnings are in effect for five central california counties. officials are telling people to move to higher ground now. we re covering this from all angles. nick watt is just outside san jose. let s go to we ll start with nick. nick, what are you seeing there? reporter: victor, we re seeing a lot of water here in felton. we re a little bit up river from santa cruz. as you can see, if you
what happened? erica, this happened so fast. it s stunning. silicon valley bank shut down by california regulators after the stock crashed by 60% yesterday after the bank said it needed to rapidly raise cash. this is easily the biggest bank failure since washington mutual fell apart in 2008 during the financial crisis. silicon valley bank, if you haven t heard of it, it is a major lender to tech start-ups. the fdic says that depositors that have $250,000 or less, they are insured here. they will get their money. they will get access to their money as soon as monday morning. but we know that some people, some entities, some start-ups, they have more than $250,000, and it s less clear what s going to happen to them. how did this happen? well, when the fed spikes interest rates, things tend to break. we know that the fed rate hikes have hurt the valuation of the tech companies that this bank catered to, also has hurt the value of the bonds that banks rely on to get cash. erica