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CNN CNN This Morning Weekend July 6, 2024

good morning and welcome to cnn this morning. i m paula reid in for am ara wa walker. and i m boris sanchez. thank you to paula for filling in for amara. i know these hours are not really easy to work, but we re grateful for you being here. and paula, stop me if you ve ever heard of an atmospheric river before. are you familiar with those? i m absolutely not. i had to look it up this morning so i could understand all these incredible stories we re watching this morning. how do you live like this. california soaked by another round of storms. those atmospheric rivers are washing out roads, collapsing bridges and prompting evacuations. the latest on the damage and where the severe weather is headed next. i don t know how we ll do our payroll now. a stunning collapse, silicon valley bank folding marking the second largest bank failure in u.s. history leaving some business owners scrambling to figure out how they will pay their employees. and former presiden ....

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CNN CNN Newsroom July 6, 2024

state of emergency as intense storms hammer the golden state. we can t live like this. atmospheric rivers washing out roads and bridges leaving people trapped in their mee joi management director from one of the hardest hit counties. the economy still red hot notching another strong jobs report. we ll tell you where the job gains are and why this complicates the fight to tame inflation. all the money is in the bank. i don t know what we re going to do now. reporter: a capital crisis, a stunning free fall leading to the second largest collapse of a financial institution in u.s. history. could there be a domino effect and what does this mean for those with accounts at svb? i think it was an overreaction to the destruction of property. large rocks, your only intent is to harm. police and protesters clashing over a controversial police training facility near atlanta. how things turned violent and why tensions remain high this weekend. can you feel that? it ....

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CNN CNN Newsroom With Fredricka Whitfield July 6, 2024

we begin this hour in california. significant flood threat is intensifying. powerful drenching storms hitting the northern and central parts of of the state. brought on by an atmospheric river. governor newsom declared a state of emergency. a levy breach forcing evacuations in monterey county. the california national guard is now on the scene in santa cruz to support emergency services. around 15 million people are under flood watches across california and nevada. for some residents, the rising water is simply too much to bear. can t live like this. how do you live like this? how do i have my kids here? how do i have my elderly mother live here where i carry her out of her had house? snowfall is also causing significant problems blocking roads and trapping some people in their homes. several feet of snow have fallen in parts of the sierra nevada mountains. moouk is live for us in monterey county reporting on the flooding taking place there. what s at stake and what ....

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FOXNEWS Fox News Live July 6, 2024

trying to get cash out, prompting police blocking to the manhattan branch. nate foy joins us with the latest on this. hi, nate. hey, anita, this triggered the largest bank runs in u.s. history. withdrew $42 billion on thursday which worked out to over a million dollars every single second over a 10-hour period. a much more quiet day here than at the hone silicon valley branch in new york. as a dozen tech founders and ceo s showed up. they were turned away and the cops were called. take a look at the video. it happened after the shocking announcement of a $1.8 billion loss at the bank. depositors were turned away not only here, but also in california. the bank crumbled after a loss and they re known for the tech sector leaving startups in crisis mode. take a listen. if you re a start-up, cash is king. the cash and the work flow to be able to have runway is critical. so access to the cash to now to be able to pay your employees, to cover the expenses you ve got is t ....

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FOXNEWS Fox News Live July 6, 2024

white house with more on this, hi, lucas. lucas: it adds trillions to the national debt with $31 trillion and interest payments on the debt next year could one day approach the size of the defense budget. let that sink in. now here is house speaker kevin mccarthy adding more c conte. we ve only paid $9 trillion in interest. so he s going took us 80 some years to happen in less than ten years. lucas: let s take a look at biden tax proposals which would add more to the national debt. 25% minimum tax on people with 10 100 million plus dollars. 39.6 capital gains tax for people making over 400 grand. 28% corporate income tax, 4% stock buyback tax and 3. 8% surtax on investment income. late yesterday reports circulated that the white house will approve drilling in alaska. no final decisions have been made and anyone who says otherwise is wrong. now 3 years ago as presidential candidate as president he said he would never approve any drilling projects. no more subsi ....

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