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that they don t want to default. they want to avoid that, but they don t agree on how to do it. mccarthy wants to hold it at hostage in return for massive cuts on discretionary programs meaning basically everything but social security and medicare which along with defense, make up the clear bulk of the budget while president biden has been adamant that no cuts are on the table. none. so what are these guys going to talk about? and how will mitch mcconnell, chuck schumer and hakeem jefferies factor in? they will also be at that may 9th meeting. does it end an agreement to disagree until this fall? in other words, a short-term deal to avoid collapse? because that is what economists are worried about, a default that will send the markets into a freefall, add rocket fuel to inflation, slash millions of jobs, cut off social security payments and veterans benefits and drag the u.s. economy into an ugly and potentially prolonged recession. no one wants that. joining me now is ....
world. i m laila harrak. thousands of people ordered to evacuate their homes in california as the storm-battered state endures another round of heavy rain and flooding. donald trump facing new legal woes. the former u.s. president now weighing whether to testify before a grand jury about his alleged role in a hush money scheme. plus, a major step for the middle east as iran and saudi arabia strike a deal to restore diplomatic ties. the surprise agreement helped along by beijing. we ll break down what it all means. announcer: from cnn center, this is cnn newsroom with laila harrak. we start this hour in california, where residents are getting battered by more storms, the result of yet another atmospheric river. at least two people are dead and nearly 10,000 people are under evacuation orders. more than 40,000 homes and businesses currently without power according to poweroutage.us. the central coast has been the hardest hit with creeks being turned into raging ....
i m boris sanchez. and i m paula reid. it is great to be with you. great to be with you as well. i was looking at amara walker s social media. looks like she is skiing somewhere with her family. great for her. and there is a lot to get to. here is some of what we re watching for this morning. wake up, wake up, your house is flooded. and i looked on the ground and there was a flood. he seems to be in a good food fo mood for a natural disaster. california was soaked with another storm and prompted evacuations. would we have the latest on where the severe weather is headed next. and overall we ve created more jobs in two years than any administration has created in their first four years. president biden takes a victory lap following a strong jobs report. where we re seeing those jobs. plus the stunning bank collapse that has some small business owners wondering how they will pay their employees. and in politics, testing the waters. presidential hopefuls swar ....
know for monday, march 20th. donald trump making a push to avoid criminal charges. in the stormy daniels case, one of his allies will testify before a new york jury today, and this all comes as trump claimed that he will be arrested tomorrow but the timing of any potential indictment remains unclear. a lot more on that. and another roller coaster week for financial markets began as a major bank takeover is announced. swiss relagulators announced ub is buying credit suisse. asian and european markets are down. vladimir putin playing host today to chinese president xi jinping. the two leaders are set to meet in moscow, a critical moment for russia s war in ukraine, days after the war crimes arrest for vladimir putin. a state of emergency has been declared in miami beach. unruly crowds, the city s mayor is calling the situation untolerable. ted lasso is headed to the white house. jason sudeikis and the cast will be there to talk about the importance of mental health. ....
in the room, that is what it s all about. the emotional moments. fantastic. f fantastic. 5 5 . yes. made it. incredible. thank you. thank you. next hour of cnn this morning starts right now. good morning, everyone! welcome to cnn this morning. sunday, april 30th. thank you for spending part of the sunday with us. that s what coy gets. doing so much. i ripped my shirt. lost the microphone in the process. do you have any rips in the shirt? not yet. still working on arms. this morning he is a threat to the community. and we need the community s help to hopefully locate him soon. texas police and the fbi on the hunt for a man who allegedly killed five neighbors. the youngest 8 years old. the simple request that police say led to the deadly shooting. americans in sudan are getting out of the country. evacuation comes amid growing anger from americans who felt abandoned by the u.s. government. how this convoy came together. homeland sec ....