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[music] good morning everyone. welcome to cnn this morning. it is sunday, january 28. i keep hearing january 28. sunday, sunday, sunday. i am amara locker. that was the best time yesterday. it was saturday. saturday. the song is saturday. all right. i am victor blackwell and thank you for joining us. here s what we re watching for you. [music] what joe biden is doing a crime against our nation. it s an absolute betrayal of our country. your the reason donald trump is a former defeated president . president biden and former president trump are aiming at one another in a preview on a what a bitter rematch could look like. nikki haley says she s not quite done. the major points each candidate is trying to drive home ahead of the next set of primaries and caucuses. as a war between israel and hamas continues, we are hearing start details from an israeli soldier on what they are facing deep inside gaza s tunnels including bullets ricocheting off the walls. an ....
and lots of questions to answer, so let s get started. we begin this hour with breaking news. the washington post, reporting that house republicans are preparing a controversial plan. if the debt limit is breached. ahead of what s expected to be a major showdown with the white house. plus, talk about uncharted territory. a current and former u.s. president, both under investigation for mishandling classified materials. the difference between the two cases are worlds apart, but could documents found at biden s office complicate the criminal probe into donald trump? and later, why liars lie? is there a science behind embattled congressman, george santos is a mountain of lies, or is gop deception just part of the new normal? all of that and more is coming up. and good saturday morning to you all. i am katie phang. we begin the hour with breaking news. the washington post, reporting that house republicans are preparing a controversial plan if the debt limit is breache ....
we start on the markets because a day after wall street closed at new record highs the jitters have returned. but i don t seem to have a camera! what i can do is. you know what? you can look at my chair. we are coming back. hello, nice to see you again. shares have fallen sharply, oil had its steepest one day fall since last summer, and those bond yields the effective interest rates on government debt have soared again. the yield on the 10 year us treasury bond hit almost 1.75% its highest since the very start of the pandemic back injanuary 2020. what s that telling us? that investors are scared inflation is about to take off and interest rates will have to rise soon. that s despite reassurances to the contrary from the head of the federal reserve. we d had about a 45 basis point jump in that treasury yield, and during that time, that is when we saw the nasdaq sell off more than 10%. so the question here is, what does it look like on the chart now for the treasu ....
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