that case in just a moment. also on capitol hill republicans and democrats are sticking to their demands on the debt ceiling despite a fast approaching deadline. we ll look at the fall back options being discussed at the white house. and the latest from donald trump s civil rape trial as jurors yesterday watched more of the former president s video deposition. good morning and welcome to way too early on this friday, may 5th. i m jonathan lemire. thanks for being with us. we ll begin with the scramble to avoid a first ever government default. with the clock ticking both republicans and democrats are still refusing to budge when it comes to debt ceiling negotiations. according to new reporting in the wall street journal the white house is weighing potential fall back options. people familiar with the matter tell the newspaper administration officials and lawmakers are considering alternatives like a short-term increase in the borrowing limit that would buy them time to f
designed for how you live today and in the future entire family of furniture at floyd home .com. eva longoria, searching for mexico premieres tomorrow at 10 on cnn. captioning brought to you by meso book .com. we offer a free book on mesothelioma call for the free book and receive so much more call 1 808 31 37 100. hello again, everyone. thank you so much for joining me. i m fredricka whitfield. we start with breaking news, the governor of mississippi, issuing a state of emergency after a devastating tornado outbreak ripped through the south. at least 23 people are confirmed dead in mississippi. another person was killed in alabama. dozens more injured and at least four others are still missing at this hour. in a statement, president biden said he has spoken to local and federal officials and is praying for the people who have lost loved ones. in the town of rolling fork, mississippi neighborhoods are simply decimated. many residents are just thankful to be alive. the unity.
at least for now, though, a lot of green on the u.s. futures board. so apple yesterday reported better than expected earnings although it wasn t all rosy for them. what fueled, though, this mostly positive report? it s actually because i m sure, john, you went and bought an i-phone over the last quarter although i could be wrong. that s what s helped your sale and your purchase that they saw an increase in iphone revenue around 2%. i see you shaking your head but fair enough. iphone revenue is the one that s actually really done them quite well in this time. overall sitting at $98.4 billion but compared to the $92 billion which was initially anticipated, clearly they are seeing some sort of positivity there. they don t expect their earnings to do very well for the year.
again. you were so great last weekend. we had to come. have you come back to break down all the worries that so many people have because the secretary you know of treasury, the fed chairman, all of them said you know what? don t worry about banks. everything is fine should be be worried about particularly the regional banks. what do you say it that way. you make me scared. what is this true worry about regional pain. i m not here to scare anybody, but i think it s important for everybody to understand why this is occurring right? the regional banks are important to the u. s economy. we can t have them fail, i think and we saw let me just put some data. the federal reserve put some data out there about $98.4 billion from accounts room where collectively moved during the week of september. 15th march 15th sorry from silicon valley and signature bag. why does that matter? so what we what happens is large institution. salt deposits increase to $67 billion . so when you see that people star
question is how do we pay for it according to the center of american progress providing preschool for all 3 and 4-year-olds that cost the government $98.4 billion over a ten-year period. with kuss on the horizon, would lose $406 million in funding in the 2013-14 school year. that means 200,000 children would lose out on the program according to the head start association. those cuts would be a huge slash to what is already a decade of funding for head start. joining our table is stephen barnett, the director at rutgers university where he focuses on the economics of early child care and education. first nerd question, we think we know there s a $7 return but it