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CNN CNN Newsroom With Jim Acosta July 6, 2024

you re live in the cnn newsroom. i m jim acosta in new york. much of california is under a state of emergency this afternoon, and mandatory evacuations are under way in parts of monterrey county on the central coast. a short time ago we received drone video of a levee that failed this morning. as you can see, the waters rushed through the breach and into a nearby neighborhood. the floodwaters have washed away roads and bridges and cut off some communities in the area. this is new video. we also have coming in from springville, where many have lost their homes and belongings in that area. california s reeling from its tenth atmospheric river of the winter in the central and northern parts of the state. it s dumping huge amounts of rain and snow on the ground that is already saturated. cnn s mike valerio joins us. you spoke to a county supervisor a short time ago there. what have you learned? reporter: well, he told us, jim, that there are hundreds of people now in sh ....

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CNN CNN Newsroom With Fredricka Whitfield July 6, 2024

that ensures bank deposits and overseas financial institutions. the agency says all insured depositors will have access to their deposits no later than monday morning. the fdic ensures deposits of up to $250,000. why did this bank fail so quickly? it is an old school bank run in a modern economy. you can point to two reasons. the first is that the fed has been increasing interest rates since 2022. that has an effect on thing bank s assets, which means its unrealized bonds were worthless money. those increased interest rates has had a devastating effect in the tech sector at large. the tech sector has seen layoffs and funds been sold off. that has led to panic. that s led to group chats of founders of vcs all abuzz with what to do with svp. that led to panic. nobody wants to be the last customer held at a bank. help break down all those affected. svb was the premier bank in silicon valley. we ve seen tech companies banking at svb as kind of a badge of honor. right ....

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CNN CNN Newsroom With Jim Acosta July 6, 2024

you are live in the cnn newsroom. i m jim acosta in new york. it s here 6:00 here in the big apple, 3:00 p.m. in california. what s likely to be a long, sleepless night and soggy weekend lying ahead for much of monterey county. the county is the epicenter of catastrophic flooding in that state. these are new images of the levee that failed around midnight local time. mandatory evacuations are now under way in parts of the that county. a string of deadly storms has unleashed massive flooding across the central and northern portions of the state. at least two people have died in this most recent storm. this week s atmospheric river is the tenth to hit the state this winter. it s dropped more than a foot of rain in some areas and several feet of snow in others. let s begin in monterey county, the site of that levee breach. cnn s mike valerio is there. mike, the state of that breach, could this continue to dump more flooding into that area? what can you tell us? reporte ....

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FOXNEWS Cavuto Live July 6, 2024

making, but silicon valley s implosion is the biggest such failure since the collapse of our entire financial system 15 is years ago.o down next, and we ve got you covered in los angeles with kelly o grady on how all of this happened, at the white house with lucas tomlinson on what they hop next, in washington with former fdic chair sheila bair on why this won t be another financial meltdown, she hopes. and in florida with home depot cofounder bernie marcus who says that doesn t mean this still won t be a big confidence meltdown no matter what happens next. all that and nikki haley on cracking down at the border by sending u.s. troops to the border and a portland, oregon, businessman who was trying to make a living amidst a crime wave that is soaring, and city officials all but ignoring. busy show, busy weekend, and it all starts right now. welcome, everybody. i m neil cavuto. very good to have you. now to the our biggest story, that bank collapse and what it could port ....

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FOXNEWS The Journal Editorial Report July 6, 2024

rate and imposing a 25% minimum tax on wealthy americans. here with a look at the coming showdown in congress our wall street journal columnists khan henninger and mary anastasia o grady and editorial board member kyle peterson. so, dan, i couldn t help but notice that the new york times this week portrayed the president s budget as moving to the center. is that how you see it? [laughter] whoa. well, it may be where the new york times describes the center. no, that budget moves smartly to the left. i mean, senator elizabeth warren was beside herself over all the tax increases on the wealthy. she just thought it was great. you know, this is really a peter pan judgment, paul. you just spread pixie dust everywhere, and the economy takes off. we could make fun of it, we say it s not going to happen because of the republican house. i could make a couple points about in this. one, if perchance, this is a campaign speech concern a campaign budget, there s no question about ....

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