in order for small businesses to thrive, they need to be smart... efficient... agile... and that's never been more important than it is right now. so for a limited time, comcast business is introducing small business savings. call now to get powerful internet for just $39 a month, with no contract, and a money back guarantee. all on the largest, fastest, reliable network. from the company that powers more businesses than anyone else. call and start saving today. comcast business. powering possibilities. ♪ morning, everyone. it is another busy day ahead. of course we're following everything that has happened over the weekend what is going on with the u.s. banking system. let's get started with five

things to know with this tuesday, march 14th. all eyes will stay on wall street where they have been locked as the race is on to avoid the collapse of other regional u.s. banks. several have been suffering steep stock drops on monday, even as the government came out, president biden himself, trying to calm nerves of financial support. all this turmoil is coming as the fed is awaiting a highly-anticipated inflation report that we're expected to get this morning. no relief. what is going on? dualing storms set to pound the east and the west coast, both coasts, nor'easter forecast to bring heavy rain, wind, snow to millions in the northeast. california bracing for yet another round of severe flooding. also this, governor ron desantis breaking from many in his own party on the war in ukraine. likely presidential candidate told fox news that protecting ukraine is not vital to u.s. interests. instead, he called it is a distraction to bigger challenges here at home. also, senate minority leader mitch mcconnell is out of the hospital.

that is good news this morning. his spokesman says he's recovering well from a concussion he suffered last week during that fall. he is 81 years old. he also suffered, we learned, a minor rib fracture. he will get physical therapy at a rehab facility before he heads home. president biden says former president jimmy carter asked him to deliver his eulogy when he passes. carter remains in hospice care at his home in plains, georgia. "cnn this morning" starts now. welcome in, everybody. good to see you. so poppy, how bad is it that they are -- they have six banks under review right now? is it a possible downgrade? >> that's moody's one firm, looking at the smaller, regional banks. the biden administration thought it was contained. we all hope it was contained to

these two banks plus a crypto firm. shareholders are putting so much pressure -- look, first republic, shares down 60% this morning. >> we thought it was possibly stem the tide. we heard folks on our air saying, some saying, well, we think this is over. others saying this is just the beginning. >> really cautious about that. president biden tried to say the u.s. banking system is safe and secure, but big questions. i think people are rightfully concerned about what could be next. >> that's where we begin. >> we begin this morning with a growing fallout from the largest bank failure since the 2008 crisis. regional banks grappling with turmoil, plunging stock prices even as president biden tried to ease panic following back-to-back collapses of signature bank and silicon valley bank. we're keeping a close eye on wall street to see if banks can recover after yesterday's free fall. the shares of more than two

dozen banks plummeted, even after president biden tried to assure markets before the open. >> americans can rest assured that our banking system is safe. your deposits are safe. let me also assure you we will not stop at this. we'll do whatever is needed. >> not assure a lot of spooked customers. look at the dramatic fallout yesterday for these four banks as we just said, shares of first republic were down 60%. we'll get new inflation numbers this morning in just about two hours. the fed is face an incredibly balancing act of raising interest rates to fight inflation while also trying to prevent more banks from collapsing. our chief business correspondent christine romans is here this morning. i mean, it's like they cannot get a worse scenario. and today we're going to get core inflation numbers and then the question becomes, does the fed address inflation head on? or do they try to prevent more bank collapses? >> and is this whole banking

drama disinflationary taking pressure off the fed. let's look what happened to the regional banks yesterday. they really got slammed. 60% move, as you know, for a stock in one day is real -- it shows extreme concern about what's on the balance sheets of these banks and also concern that depositors will walk away and go to a bigger bank. we were told by a senior treasury official yesterday that, in fact, those deposit outflows are slowing. that's good news for these. and this morning, i'm seeing pre-market trading of these banks they're up 20%, 10%. so we'll look for some stabilization there today. >> is it something that is so fundamentally different from 2008 the fact that we're not talking about toxic assets? >> oh, yeah. these are the opposite of toxic assets. these banks have treasury securities and mortgage-backed securities on their books. and so they're just trying -- with the fed having raised interest rates so aggressively, now those are worth a lot less and trying to balance that imbalance frankly.

>> can the fed do both at the same time, keep raising rates to attack inflation without making these -- what are safe securities, fixed income securities, less attractive to potential buyers? >> i think there's the feeling the fed is going to go more slowly. this is the delicate balancing act of the fed right now. the next meeting is march 22nd. we have this big cpi report that's coming today. and the feeling is, look, the chances of no rate hike has risen dramatically since this banking drama. now a lot of people are thinking it will be more like 25 bases points. just a week ago the fed chair was preparing us for 50 bases points. what i keep hearing is all of this is disinflationary. this is in a weird way not what the fed designed but working towards the fed's goal of cooling inflation. >> why? there are skeptics of that argument? >> there are. if they're going to slow lending, right if you'll have this fro thi part of the market,

startups and crypto, which has been cooled, when you're getting the easy money out of the system, that could be working in the fed's favor. >> okay. so, we're going to get a few hours from now a really important inflation reading? >> the consumer price index. this is the last big reading on inflation, one of the last big readings before the fed meets. 6% for the year over year number. if you look at this chart here, you can see clearly consumer is peaking. the overall number has been moving in the right direction. but still much higher than the 2% number the fed would like to see. so, we'll be watching very closely at 8:30 to see what this signals about the economy. >> i don't believe you because my kids wanted pickles last night and they were almost $7. that's just new york. >> i went to the grocery store, i got 10 things and everything was $10 or more. a thing of nutello. >> yes, your three boys will. christine romans, thank you very much. >> i'm just talking to my friend

poppy. for now bring in cnn economics commentator opinion columnist katherine rin pel and matt egan. both of you have been covering this over the last several days. matt, are you surprised what the president said yesterday was not enough to just calm everybody down and help these regional banks out? >> i'm not surprised only in the sense that fear is a powerful thing. a lot of this is psychological. we haven't talked about a major bank failing in a long time. i think people are understandably nervous. but i do think that everyone needs to take a deep breath, remember the fdic ensures up to $250,000 on deposits. they have been doing 250,000. for vast majority of people that covers it. now they're saying, listen, we'll actually ensure more than that, at least in these instances when these two banks collapse. i do think everyone needs to calm down a bit here. >> okay. psychological, do you agree with that?

listen, we have the -- moody saying they're going to place six other u.s. banks on review for potential downgrades. i mean, that has a ripple effect on the economy. do you think it's mostly psychological? do you agree with matt we should calm down? >> i think people are looking at the balance sheets of these banks and saying, maybe things are not as solid as we once assumed. maybe they are with standing the stress of rate hikes a little more poorly than people had appreciated before. i mean, if you had looked, some of these risks should have been evident. especially with silicon valley bank. but with some of the other banks as well. the fact that they didn't guard against interest rate risk, for example. that was relatively well known if you paid attention. now, most of the american public would not have done so, but now investors are doing regulators belatedly it seems like are doing so. yes, a lot of this irrational fear. i think there actually is a reason to take another look, to areassess at the very least how

these banks are doing and assume they may be subject to more regulation which allow them to do less risky things in the future which could also curb some of their profits. so there are a lot of things going on here. >> matt, you spoke to a former really high-ranking fed official and fdic official yesterday who thinks the fed can walk that tight rope? >> well, yeah. i talked to tom honig, former kc fed president. he said, listen, the fed is in this no-win situation. because if they keep raising interest rates, that could cause more pressure to the banking system. but if they don't, that could actually cause more instability in his view because we still have this inflation situation, right? inflation is still the number one problem in the economy. and so his argument is, the fed is in a tough spot, but they have to keep raising interest rates because in the long run that is what will actually create stability. >> if they do downgrade the -- for these banks, these six banks

that moody's put on its list what are the implications of that? >> certainly not good of the stock prices for those banks. whether it spooks depositors, we don't know. looks like the emergency measures taken over the weekend for signature bank and silicon valley bank stemmed some of the outflow of deposits from these other banks. didn't stop it, but it does seem like, you know, if people were running in to pull their money out of western alliance or first republic or whatever before, maybe they calmed down a little bit because, to poppy's point, they were like, maybe the fdic is actually ensuring everything i have there, not just up to that usual cap. but, you know, the investors still got wiped out. the equity holders got wiped out, bondholders looked like they're going to get wiped out as well. we don't know. depends how much -- what the assets are actually worth in the end. but you could imagine that you'll see sort of similar analogies drawn to these other

banks that if, in fact, they're not as credit worthy, then the investors, the bondholders might say, maybe not a good place to keep my money. >> before we go, katherine, you tweeted what do bailouts, price gouging and porn have in common? no one can precisely know it until you see it. the biden administration keeps saying this is not a bailout. but let's be straight with the american people, isn't it especially with that lending system? >> well, what is a bailout? we all know a bailout is a bad thing. it's a toxic word. you don't want the thing that you were responsible for to be a bailout. but, look, this was a rescue for the depositors, right? they were getting insurance they did not pay for in the sense that if they had several million dollars in this bank, it was ensured. they were not having to pay effectively -- get assessed fdic fees for that insurance. so it was a rescue for them.

now i'm sympathetic. i think probably it was the right thing to do because there were a lot of innocent bystanders, people who might not have been paid regular workers who would not have been paid if this money had been made unavailable and they just lost it. but, it was a rescue of some kind. is it the b word? i don't know. >> it goes back to what you said in the beginning. and i think that, correct me if i'm wrong, you were saying that at least now there's more of a review if there is some good news we are checking to make sure these banks can pass a stress test. >> one hopes. one hopes. it certainly seems like somebody was asleep at the switch before. >> thank you. we appreciate it. we'll move on and talk about the weather. more than 20 million people are under winter weather alerts this morning as a huge nor'easter, the first of the season, is bearing down on new england and new york is declaring a state of emergency. the region is braces for up to two feet of snow and dangerously strong storms leading to widespread power outages. derek van dime in massachusetts

with more. wow, derek. good morning. quite a different scene than what we are seeing in new york. it's a little drizzly. you have a bit more. what is expected? what are you seeing on the ground? >> reporter: yeah. we've got a cold, quite frankly miserable rain here in worchester. but that's the precision -- hairline precision of forecasting these nor'easters. i want to see what's over my left hand shoulder here. and we're actually at a salt barn in worchester county. and this is the predeployment of the salt trucks and the brine trucks that are going to help treat the roads here in and around the higher elevations of interior massachusetts. now, this storm system is edged warmer. that's the problem because that's why we're receiving rain. but it's going to change later this afternoon and conditions on the roads are going to deteriorate very quickly. yesterday at this time, we were talking to the director of the weather prediction center, dr. david novak. he told us that his greatest

concerns with this storm is that the heavy wet snow that will eventually accumulate will bring down power lines, bring down trees as well. so the potential for power outages because the wind is going to pick up. i just looked at some of the graphics here closely. i want you to see just how close that rain/snow line is. you see it's rain in boston. very light drizzle in new york. but just on the interior, berkshire into the catskills it is snowing hard, but it is a heavy, wet snowfall. so these salt trucks at the salt barn here in worchester are going to make all the difference for the roadways as the temperatures drop, the snow starts to form. in fact, i want my camera man to pan around to this light here. these are the first snow flakes that we have seen from this nor'easter. so the change is happening. and we're going to start seeing things more of a winter wonderland here in the hours to come as this nor'easter takes grip on the northeast. >> derek van dam, worchester mass. we'll see you soon.

be safe. from new york to storm ravaged california where much of the state is under flood watches and wind alerts this morning. there are new warnings in communities ranging from san jose to los angeles that are in danger of mud slides and serious flash flooding. chad myers is live in the weather center. if you're waking up in california this morning, what do you need to know? >> that there is going to be another atmospheric river approach by 7:00 local time your time. and there will be significant flooding again. not because this is a bigger storm than the one for the weekend, but because we have pre-existing conditions. dr. gupta talks about that all the time. but the pre-existing conditions there's no place for this rain to go. this rain is all going to just run off. here is the atmospheric river. it's going to move on shore today. the one you see over here is actually going to go south of california. great news, it's going to miss. so at least we're not worried about the second one in line. but here comes the rain right now. rain is already falling.

we are seeing these areas here with the wind advisories you just talked about. there will be wind on top of this very flooded land. trees that are sitting in mud with 50 miles per hour gusts. trees are coming down. power lines are coming down. it is going to be a very difficult day in california today. difficult in the mountains again. an awful lot of snow this snow will be feet deep again, above about 6,000 feet. but it's the rain fall that is going to run off that's going to be the problem. look at l.a. 11:00 p.m. tonight if you're flooded last time, you may flood again. >> that is not exactly what they wanted to hear in that forecast today. chad myers, thank you. i know you'll stay on top of it. >> also today, president trump is digging in when it comes to a potential candidate ron desantis as he is campaigning in the same iowa city that the florida governor was in just a few days ago. we have brand new cnn polling showing republican voters want in their 2024 candidate. cnn's david chalian is standing by with the numbers. ♪ >> do you have final four picks?

march madness kicks off today. duke is in the dance but without the legendary coach k he is on the sidelines for the first time in 42 years. which team he thinks could go all the way to win the championship. ♪ but there is one van equipped to handle them all. for overer 120 years, mercedes-benz vans have been built, upfitted and ready to go. because we believe dreams - should never stay that way. only at vanguard, you're more than just an investor—you're an owner. we got this, babe. that means that yo dreams are ours too. and our financial planning tools can help you rch them. that's the vae of ownership. the hiring process us to be the death of me.

but with upwork... with upwork the hiring process is fast and flexible. behold... all that talent! ♪ this is how we work now ♪ somewhere out there is that one-in-a-million. someone who thinks with their hands. who can shape raw materials into something meaningful. and who wants to serve in their own way. if you're out there. if you're looking for more. we're looking too. we're calling on a new generation of builders for navy's next-gen submarines. an all-star menu of delicious subs. like #8 the great garlic - rotisserie style chicken, bacon and garlic aioli. i've tasted greatness. great garlic though - tastes way better. can't argue with that analysis. try subway's tastiest menu upgrade yet. every day, millions of things need to get

to where they're going. and at chevron, we're working to help reduce the carbon intensity of the fuels that keep things moving. today, we're producing renewable diesel that can be used in existing diesel tanks. and we're committed to increasing our renewable fuels production. because as we work toward a lower carbon future, it's only human to keep moving forward. (vo) with their verizon private 5g network, associated british ports can now precisely orchestrate nearly 600,000 vehicles passing through their uk port every year. don't just connect your business. (dock worker) right on time. (vo) make it even smarter. we call this enterprise intelligence. - custom ink helps us celebrate and drive our students' achievements with custom gear. they love custom ink's different styles and designs. we love how custom ink makes the process simple with their easy to use design lab, expert artists ready to help and unbeatable customer service. custom ink allows our kids to show everyone their accomplishments and the pride they have in our school.

when we place an order i know they got our back. so we can focus on the kids. - custom ink has hundreds of products to help you feel connected, upload your logo or start your design today at customink.com the first time you connected your godaddy website and your store was also the first time you realized... well, we can do anything. cheesecake cookies? the chookie! manage all your sales from one place with a partner that always puts you first. (we did it) start today at godaddy.com introducing the new sleep number climate360 smart bed. the only smart bed in the world that actively cools, warms and effortlessly responds to both of you. our smart sleepers get 28 minutes more restful sleep per night. proven quality sleep. only from sleep number. ♪ former president taking his 2024 campaign to iowa last night where he sharpened his attacks

against florida governor ron desantis. take a listen. >> anyone hear of desanctus? we don't know if he's running. i might as well tell you, if he's not running, i will say he was fine on ethanol. he fought against social security. he wanted to decimate it and voted against it three times. voted against social security. that's a bad word. but you have to remember, ron was a decycle of paul ryan, who is a rhino loser who currently is destroying fox. to be honest with you, ron reminds me a lot of mitt romney. >> wow. that could be 2016 or it could be 2020, same old thing. over and over again. this was trump's first visit to iowa since he announced his bid for the white house. and follows visits by none other than ron desantis himself, trump's primary challenger,

nikki haley. brand new cnn polling this morning painting a picture of a divided party heading into the race for gop presidential nominee and for more on that, we turn to, cnn political director david chalian this morning. david, we're lucky to have you bright and early on a tuesday morning. >> good morning, sir. >> good morning. thank you so much. why is trump spending so much time attacking ron desantis? i kind of know the answer, but i wanted to hear it from you. >> very leading question, don. but because clearly desantis is his closest competitor. what we did is sort of get a baseline at the starting gate of this race we talked to republicans and republican-leaning independents who tell us they are likely to participate in the nomination process. and take a look here among first choice, donald trump is at 40%. ron desantis at 36%. nobody else in double digits. this is why he's spending a lot of time on desantis. you talk about the divide in the party, don.

the education divide is one to watch throughout this entire cycle. it's really a fault line in american politics, but so is it inside the republican party. among college graduates in this republican, republican-leaner universe trump is at 23% support. desantis is at 41% support. pence at 8. haley at 12%. without a college degree, this is trump's homeland, 48% support here. desantis at 34% support and single digits for pence and haley. there's room for movement. it's so early. people aren't going to vote for nearly another year or so. 60% of those in this poll tell us they're kind of locked in to who they're definitely going to sport as their first choice. 40%, a healthy chunk here, might change their mind. but look at it when you look by the candidate supporters. 76% of trump supporters say they

are locked in. they're definitely going to support their first choice candidate. he's got really sticky support. 59% of desantis supporters say the same thing. >> what about cultural concerns, david? where does that fall? >> yeah, poppy, i kind of look at this as the mood music for where the republican electorate is as this campaign is getting under way. it's a pretty dour mood. 30% say america's best days are ahead of us. 70% of these republicans and republican-leaning independents say that the best days are behind us. compare that over time. again, that 30% best days are ahead of us, when donald trump was in office, that was at 77% among republicans. it was at 43% on sort of the eve of the general election in 2016 where donald trump scored his surprise victory. you mentioned cultural issues. we asked about, what is the effect of this increasing

diversity in american culture? is it mostly enriching or mostly threatening? well, 61% of republicans called it mostly enriching. 38% say increasing diversity in american culture is mostly threatening. and on gender identity, you want to know why you hear the candidates talk so much about genter identity? we asked our american values on gender identity and sexual orientation, changing for the worse or better? look at this, nearly 8 in 10 republicans say changing for the worse. >> i mean, i'm fascinated with these numbers, david. especially the one i think will be of the biggest concern to trump is also when it comes to the gop primary electorate says will definitely support their first choice candidate, 60%. might change their mind 40%. i mean, that is a number that they will be paying attention to. david, i also want to ask you about some significant news we learned overnight which is probably the clearest view yet we have of where ron desantis stands on a major foreign policy

question for this election which is ukraine. and his statement that he gave to fox news said essentially while the u.s. has many vital national interests, becoming further entangled in a territorial dispute between ukraine and russia is not one of them. that does put him in a camp with trump compared to other republican hopefuls. >> totally. it's a fascinating development. he had sort of been hinting he was more in this isolationist part of the party. he was trying to put desantis in the category of former house speaker paul ryan or jeb bush, mitt romney. well, here is an example where desantis is aligning with trump on ukraine. the issue is, is ukraine going to be a driving issue in this campaign? and if you look here among republicans we asked, most important issue in the 2024 republican presidential primary, far and away the economy at 32%, then immigration at 16%,

candidate quality is at 13%. you get down to 9% say foreign policy here. also, i think this is really interesting, guys, and something to watch. are you looking for somebody who shares your positions? or are you looking for somebody who can defeat joe biden? that's your ultimate goal in this republican nomination race. you see here it's about a 60/40 split. 59% looking for a republican candidate who shares their positions. 41% looking for somebody with a strong chance of beating biden. >> so what if their position is to beat biden? >> why does it matter what their position is if they can't win? but okay. david -- >> thank you. >> thanks, david. >> do you remember when ron desantis said in 2015, just hit obama for not sending more weapons to ukraine? >> yeah. >> after crimea. it was a completely different position. he said obama was making a mistake. why do you think that -- >> he didn't mention when he talked about this territorial thing that actually russia

invaded ukraine's territory. but it's not just a territorial thing. >> he's saying basically it's not our problem. with what's going on the border and other issues that the u.s. has, that's not the top of the list for him. he completely did in 2015 after russia illegally annexed crimea, he hit obama for not supplying ukraine with weapons. he was congressman now. he is potentially a presidential candidate. >> little asterisk. >> sometimes we get ahead of talking about it like he's already in the race. >> look how well he's polling. >> he's not in the race yet. >> no, he's in the race, yeah. >> but this is going to be one of the biggest foreign policy issues for republicans. they are drawing a clear line between them and the nikki haley and pompeo. >> the polling showed a huge decline in term of republican support for this on going war. >> or maybe he is -- we don't know anything about his foreign policy views. that's the thing.

he is coming out clearly being more isolationist than we knew. >> it will be an issue for democrats. the question how long, what would be the american patience and interest in continuing this war. >> how long. >> especially if the economy doesn't get better, why are we sending all the money to ukraine when at home people are hurting. so that's going to be both democrats and republicans. of course, people care about democracy. should people the people of ukraine, but that will be a lingering question and big one leading up to the election. >> i think you're right. it will be a big question. speaking of ukraine, it's future could hinge on the outcome of a key piece of territory according to president volodymyr zelenskyy. cnn live on the ground in eastern ukraine. ♪ ♪it takes two to make it outta sight♪ ♪one, two, get loloose now! it takes two to make a-♪ stay two nights and get 8,000 bonus points.. book now a at bestwestern.com

i brought in ensure max protein with 30 grams of protein.

those who tried me felt more energy in just two weeks. uhhhh... here, i'll take that. [woo hoo!] ensure max protein, with 30 grams of protein, one gram of sugar and nutrients for immune health. as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts. saving you up to 60% a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities.

♪ overnight ukrainian president zelenskyy is describing the latest challenges in his country in pretty stark terms as the intense fight in the eastern city of bakhmut is continuing. >> translator: the situation in the east is very tough and very painful. we need to destroy the enemy's

military power, and we will. bakhmut and all other places where our future is being decided. where our future, the future of all ukrainians is being fought for. >> zelenskyy still vowing to defeat russia as cnn's ivan watson is live right in front of a building that we are told was just hit by a missile strike. what are you seeing on the ground there? i can see the damage behind you. >> reporter: yeah. and we'll give you a little tour here. we are in this eastern city of kramatorsk. as you can see, this is part of the destruction caused by what ukrainian officials say was a russian strike hitting a three-story apartment building in this town. the authorities say at least one person was killed, another is in critical condition. other people wounded as well. the explosion eyewitnesses say happened exactly six hours ago,

at 8:30 in the morning. and it has shattered windows all throughout the courtyard here where there are other similar buildings. and at a kindergarten, which is just behind where tom is right now. shattering all the windows there. one of the remarkable things about what we're seeing right now is no one is complaining. no one is crying. people are just getting on with the work of cleaning up the destruction, of cleaning up what is left of their homes, for example, as you see. somebody is taking their collection of books out of their apartment, which probably is not going to be livable for near future right now. this is not the first time that this city has been hit by a deadly russian projectile. it has been pounded before by russian rockets and missiles. we are located about 25 kilometers away from a very active front line, 15 miles.

and i've operated in those areas in the past couple days. the artillery is thundering around the clock there. there's a huge ukrainian military presence there. the kindergarten that i visited thankfully, mercifully had no children there. they were evacuated. the kindergarten has been closed for some six months. this is part of the reality of what people are looking in, ukrainians, in eastern ukraine. back to you. >> yeah, it is remarkable to see that, to see a kindergarten gets hit, these buildings get hit and people so normalized to this, desensitized to this, going through stacks of books outside. ivan watson, fantastic reporting. thank you so much. well, a lawyer for president trump sitting down with prosecutors right here in new york. the argument she made against the charges they're possibly weighing in the hush-money case involving the former commander in chief. that's ahead. ♪

what's the #1 retinol brand used mt by dermatologists? it's utrogena® rapid wrinkle repair® smooths the look of fine lines in 1-week, deep wrinkles in 4. so you can kiss wrinkles goodbye! neutrogena® ♪birds flyin' high, you know how i feel.♪

♪breeze driftin' on by...♪ ♪...you know how i feel.♪ you don't have to take... [coughing] ...copd sitting down. ♪it's a new dawn,...♪ ♪...it's a new day,♪ it's time to make a stand. ♪and i'm feelin' good.♪ start a new day with trelegy. no once-daily copd... ...medicine has the power to treat copd... ...in as many ways as trelegy. with three medicines in one inhaler,... ...trelegy makes breathing easier for a full 24 hours, improves lung function, and helps prevent future flare-ups. trelegy won't replace a rescue inhaler... ...for sudden breathing problems. tell your doctor if you have a heart condition or high blood pressure before taking it. do not take trelegy more than prescribed. trelegy may increase your risk of thrush, pneumonia, and osteoporosis. call your doctor if worsened breathing, chest pain, mouth or tongue swelling, problems urinating,... ...vision changes, or eye pain occur. take a stand, and start a new day with trelegy. ask your doctor about once-daily trelegy... ...and save at trelegy.com. somewhere out there is that one-in-a-million. someone who thinks with their hands.

who can shape raw materials into something meaningful. and who wants to serve in their own way. if you're out there. if you're looking for more. we're looking too. we're calling on a new generation of builders for navy's next-gen submarines.

no matter what you're up against, we have your back. we are united way. we are neighbors helping neighbors in communities around the when disaster strikes we get you back on your feet. we help children build brighter. we've been here for over 135 s but now our work is more . join us. join your neighbors. join united way.

so prosecutors in new york are hearing from the team of trump lawyers ahead of potential indictment against former president and current 2024 candidate in connection with the alleged stormy daniels hush money case. the president's former attorney michael cohen testified before a grand jury monday. that's a big development. and cnn has learned one of trump's current attorneys also had some face time with the d.a.'s office. kara scannell is here to explain it all to us. this is one of trump's attorneys, susan necklace. what is she telling you? >> right. so i talked to susan necklace yesterday. she said she went in fairly recently to meet with the d.a.'s office to plead their case. that's normal thing to say you should not bring charges against my client. she said her take away was they were still struggling to come up with a legal theory and shouldn't bring this. other prosecutors passed on this. the issue is they charge him

with falsifying business records and that's a misdemeanor or do they charge him with falsifying business records to commit or conceal another crime in this case it could be campaign finance. she's been making this argument privately and said they don't have any scheduled followup meetings. they're in this wait and see mode to see what the d.a.'s office is going to do. another of his attorneys has been taking the public approach making the -- >> good morning america interview. >> he was on fox news last night. he's making the public pitch and laying out what their defense could be about why they shouldn't bring this case. let's take a listen to him on hannity last night. >> i still hold out hope that justice will prevail. the crucial distinction is separating personal funds from campaign funds. can you imagine if president trump had used campaign funds to make this payment. oh my god, they would be calling for his scalp. instead he did everything the right way. nothing wrong as he has said

repeated will. >> he's trying to make the case here that these were personal funds that that was not campaign related and that this was to save trump from any embarrassment, this alleged affair coming public. you know, it's one of these things that could be a question ultimately for a jury if it gets there. >> joe tacopina has been on this network talking about trump and weighing in on the former president's legal issues. listen, how many attorneys is the question? how many attorneys does trump have? >> a lot of investigation. >> let's talk about michael cohen. he went in yesterday to speak to the grand jury. he said, listen, his only -- what did he say, my only motivation is that trump pays for his dirty deeds. what are you hearing? >> cohen went in yesterday, the first time he's been before the grand jury. as we know, he met with the d.a.'s office over the past three years some 20 something times. this was the first time before the grand jury. was there for three hours. his lawyers said he'll be back on wednesday to continue his testimony. he is a central figure here, the one that facilitated this

payment and this indicates that we're getting to the end here, historic decision is likely to be made soon. >> still remark to believe me that we're seeing michael cohen go in and testify. covering michael cohen when he was trump's fixer. we will see what happens. seems like an indictment is very likely. kara scannell, thank you for staying on top of it. also this morning, news out of washington, senator mitch mcconnell has now been released from the hospital after he fell and suffered a concussion. we had the latest on his condition at this hour. ♪ the house whisperer! this house says use realtor.com to find optitions within your budget. good luck young man.n. realtor.com to each their home. ♪ allergies don't have to be scary. (screaming) defeat allergy headaches fast with new flonase headache a! two pills reeve allergy headache pain? and the congestion that causes ! flonase headache d allergy relief.

psst! psst! all good! we must finally hold social media companies accountable. it time to pass bipartisan legislation to stop big tech from collecting personal data on our kids and teenagers online. ban targeted advertising to children. ♪ ♪ ♪ a feeling this electric is invite only. ♪ fortunately, you're invited. experience the elevation of electrification at the invitation to lexus sales event. ♪ it's the kay semi-annual sale. saving so big it only happens twice a year. shop now, only at kay.

was also the first time your profits left you speechless. at the counter or on the go, save 20% with the lowest transaction fees and keep more of what you make. start saving today at godaddy.com introducing the new sleep number climate360 smart bed. the only smart bed in the world that actively cools, warms and effortlessly responds to both of you. our smart sleepers get 28 minutes more restful sleep per night. proven quality sleep. only from sleep number. and mine's unlisted. try boost® high protein with 20 grams of protein for muscle health versus 16 grams in ensure® high protein. boost® high protein. now available in cinnabon® bakery-inspired flavor. learn more at boost.com/tv ♪ limu emu & doug ♪ hey, man. nice pace! clearly, you're a safe driver. you could save hundreds for safe driving with liberty mutual. they customize your car insurance so you only pay for what you need!

[sfx: limu squawks] whoo! we gotta go again. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ ♪3, 4♪ ♪ ♪hey♪ ♪ ♪are you ready for me♪ ♪are you ready♪ ♪are you ready♪ next on behind the series... let me tell you about the greatest roster ever assembled. the monster, the outlaw... and you can't forget about the boss. sometimes- you just want to eat your heroes. the subway series. the greatest menu of all time. only at vanguard, you're more than just an investor—you're an owner. we got this, babe. that means that your dreams are ours too. and our financial planning tools can help you reach them. that's the value of ownership.

(vo) with their verizon private 5g network, associated british ports can now precisely orchestrate nearly 600,000 vehicles passing through their uk port every year. don't just connect your business. (dock worker) right on time. (vo) make it even smarter. we call this enterprise intelligence. (vo) if you've had thyroid eye disease for years and the pain in the back of your eye is forcing bad words from your mouth, it's not too late for another treatment option. to learn more visit treatted.com. that's treatt-e-d.com. ♪ so a health update now for senator mitch mcconnell out of hospital this morning following a fall at a private dinner event

last week. mcconnell suffering a concussion and a rib fracture. his spokesperson released a statement saying mcconnell's recovery is, quote, proceeding well, but he is not going home just yet. the kentucky republican is now undergoing physical therapy at an inpatient rehab facility. for more on that we want to bring in a physician and assistant professor of health, policy at cornell medicine and also contributor to the new yorker. good to see you. thank you very much for joining us. >> thanks for having us. >> now in rehab. what does that tell you about his condition? >> concussions are very common condition, obviously. it's the most common form of traumatic brain injury in the united states. most people tend to recover over the course of a few weeks, particularly when people are older, they can need more time to recover. so it's not uncommon for people to need additional physical therapy, go to inpatient rehab facility like this. this sounds like part of the recovery process, but we need to keep a close eye on how he's doing and make sure his symptoms

don't change and continue to improve over time. >> we heard from his office, they said his concussion recovery is proceeding well, they said he was discharged yesterday, as we noted. ed a advice of his physician he's going to a period of physical therapy at inpatient rehab facility. he's not home yet. he's going to this rehab facility. is that typical? big question on capitol hill is when he's getting back to work and who that process looks like? >> yeah, absolutely. so people will have a very different set of ways in which they recover over time. there's no single treatment for a concussion. so, the most important things are things like rest, getting high quality sleep, returning gradually to stressful activities like work and sometimes pain medications and physical therapy. so this is not unusual for someone particularly in their 80s after they had a concussion to need a little more time to recover. typically people are at rehab facility for a few days, potentially a few weeks. we have to see what it is in senator mcconnell's case. >> there's also shifting gears here dramatically but really interesting news out of pfizer

as it pertains to 40 million americans with migraines. there's a nasal spray. does it actually work? >> it does, as far as we can tell from the clinical trials. as you said, migraines are incredibly common condition and can be very debilitating for millions of americans across the country. so this is a new spray. it targets a molecule called cgrp that's thought to contribute to some of the inflammation in a migraine. this is unique because it's a nasal spray. that has a couple of advantages. so nasal sprays tend to enter the bloodstream much more quickly than oral pills. people that have nausea or vomiting might have trouble taking oral pills or trouble keeping them down. and this medication can also be used for people unlike some other migraine medications who had strokes or heart attacks so it's considered very safe medication. should be out in july with a prescription from your doctor. >> not the first nasal spray for -- >> it's the first nasal spray of its kind. there's a different nasal spray

that's available, but as i said that can have issues with people who had heart attacks, strokes or other blood vessel conditions. >> welcome news for a lot of people, too. migraines can be so debilitating. >> absolutely. >> doctor, thank you for joining us on set. >> thank you for having me. bank shares tumbling this morning following the collapse of two significant u.s. banks. president biden urges calm. regulators trying to contain the damage. at the top of the hour, we'll be joined by the former head of the fdic, sheila bear, in charge during the 2008 financial crisis. what's worrying her most now. and just moments ago, a ground stop was issued at new york's laguardia airport as a huge nor'easter brings heavy rain, dangerous strong winds. our weather coverage continues straight ahead. >> yikes. someone who thinks with their hands. who can shape raw materials into something meaningful.l. and who wants to serve in their own way. if you're out t there.

if you're looking for more. we're looking too. we're calling on a new generation of builders for navy's next-gen submarines. - [nrator] we just signed the lease on our third shop. i guess we're a chain now, right? we worked so hard to get here. my assistant went to customink.com to get our new uniforms and merch with all the location names. our custom gear helps him get our brand out into the community. he takes care of all of our custom ink orders. he was able to find great products, upload the new art, and have boxes sent directly to each of the shops. custom ink makes it so easy. get started today at customink.com. bath fitter is a better way to remodel your tub. a custom-made watertight fit and high-quality materials

mean a beautiful tub, and a great value. bath fitter. it just fits. visit bathfitter.com to book your free consultation. you love closing a deal. but hate managing your business from afar. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire ♪ the only thing i regret about my life

was hiring local talent. if i knew about upwork. i would have hired actually talented people from all over the world. instead of talentless people from all over my house. it's official, america. xfinity mobile is the fastest mobile service. and gives you unmatched savings with the best price for two lines of unlimited. only $30 a line per month. the fastest mobile service and major savings? can't argue with the facts. no wonder xfinity mobile is one of the fastest growing mobile services,

now with over 5 million customers and counting. save hundreds a year over t-mobile, at&t and verizon. talk to our switch squad at your local xfinity store today.

♪ legendary duke basketball former coach mike skrzyzewski sounding off retired last year as the all-time winningest coach in men's division i college basketball with five national championships. i sat down with him and he told me who he thinks could win the tournament this year. watch. >> sitting courtside, that was difficult because i watch it as a coach. but then, you know, with all the social media, people are taking pictures of you or making judgments. well, he came here because of this or he came here because of that or, look, he's not emotional. and whatever it is, i see you guys. i've had it. i would rather sit in a box. >> do you have final four picks?

>> i actually think duke has a great chance of -- >> going all the way? >> yeah, i really do. because there's such parody in college basketball right now. >> you said ucla has been under -- >> i think ucla has been under -- nick cronin has some good stuff. you have to give houston a chance of doing that. i think edi is the best player for purdue, but kansas has the pedigree. some combination of those teams. when all those teams are eliminated by the round of 16, which could happen, i think there could be a big surprise here, too. i just don't know which one it is. >> we'll see if you even go. we know if you go where you'll be is in the box. >> i would only go if duke is there. >> okay. you'll only go if duke is there. >> yeah. i'm a homer in that case. >> sorry, kaitlan, he forgot to mention alabama. sorry. sorry. more with coach k tomorrow. "cnn this morning" continues

right now. ♪ stocks of dozens of regional banks across the united states plunging to record lows. >> americans can rest assured that our banking system is safe. >> this follows his administration's emergency response to the sudden failure of two banks. >> they gambled with the money and they lost. >> this was preventable. pulled through better regulation and frankly better decision making at the bank. we're tracking very severe weather on the east and west coasts. >> in the northeast, a significant nor'easter is taking shape. >> flooded communities in northern california are bracing for yet another wave of heavy rain fall. >> our worst nightmare came through. we have failure at the levy. former president is making his first trip to iowa of the 2024 campaign and perhaps just days before criminal indictment in the stormy daniel's hush money case. >> ron d