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tv   CNN This Morning  CNN  March 15, 2023 5:00am-6:00am PDT

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trump. so he can put the jury in the room and lay out what his version of the case is and what he knows about this, you know, so certainly a significant witness and what seems to be given the parade of witnesses that have been in one of the last that will be going before the grand jury. >> we will be watching. thank you very much. appreciate it. "cnn this morning" continues right now. >> this is cnn breaking news. >> we are glad you are with us had this morning. following breaking news on wall street. stock futures are plunging as turmoil conditions for banks across the globe. shares of credit suisse falling more than 20% premarket a new record low after the bank said it would not be injecting new capital into credit suisse, that is because of regulatory barriers, i should note. but this is all just injecting fear into the global banking system. all this in the wake of two u.s.
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bank failures, silicon valley bank and signature bank. christine romans, what is happening with credit suisse is different, but it's also spooking thing market. >> it is. so this is european banking fears that are now spreading back into an already fragile and vulnerable u.s. system. credit suisse down 20% to a record low. several european bank shares are halted in european trading. so that's just feeding into the worry about rising free agents and fragilely in the world. dow futures down 1.5%. if this holds this would take away the rally in yesterday. nasdaq, s&p futures also lower here. the regional banks that bounced back in the u.s. yesterday a sign of stability, a sign of relief, a mixed performance. first republic shares in premarket trading up a little bit. some of the other banks are down and again what folks are really zeroing in here is what are the
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exposure to these banks, these long-term treasuries, long-term securities that are going to be hard to sell in the near term and do they have customers with deposits who are going to be try to walk away. i wanted to also bring up -- we have been talking offline, poppy and i, about the ceo of block rock who has his annual letter to shareholders out this morning. he talked about this era of easy money that's over and the consequences, the domino's that might be falling. he said we don't know whether the consequences will cascade throughout the u.s. regional banking sector akin to the s and l crisis. after that regulatory or the federal reserve and the treasury taking extreme measures to shore up depositors and let a couple of banks fail there are concerns about what other weaknesses in the overall strong banking system but there might be pockets of weakness, we are looking at futures now.
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the markets open in an hour. they halted european banks kochlt that happen in the u.s.? >> i don't think so. showing you those regional bank stocks down a little bit. and i should note that dow is down 500 points. that sounds like a lot. it's not even 2%. so that is, you know, within kind of the margin of, you know, a rough but a normal kind of sell-off. >> look, when you have larry fink, one of the most listened to voices on wall street saying anything could be akin to the savings and loan crisis, people listen. thank you. stock futures plunging as turmoil is continuing. futures down 500 points, the dow less than 2%, but something to watch. they don't think they are going to halt u.s. banking. >> kaitlin. we are tracking a huge international development as tensions between the united states and russia are flaring after the pentagon says a russian fighter jet forced down
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a u.s. air force drone. it was flying over international waters in the black sea when a russian jet intentionally flew in front of it, dumped fuel on it according to the pentagon. the aircraft hit the propeller of the drone forcing the u.s. to bring it down. the white house say it may never be recovered. >> has the drone been recovered and what is the status? >> it has not been recovered and i am not sure we will be able to recover it. where it fell into the black sea very, very deep water. we are assessing whether there can be a recover effort mounted. we took steps to protect the information and to protect -- to minimize any effort by anybody else to exploit that drone for useful content. >> republican senator lindsey graham st. george's saying? how the u.s. should have responded. >> we should hold them accountable and say if you ever get near another u.s. flying in
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international waters your airplane will be shot down. what would ronald reagan do right now? he would start shooting russian planes down if they were threatening our assets. >> joining us is respect congressman mike waller, new york, serves on the foreign affairs committee and financial services committee. if the u.s. cannot recover in drone what are the implications of that? >> obviously, it is a very precarious situation and russian aggression not just in ukraine but in the region is a problem. and so i think, you know, the fact that vladimir putin once again violated international law and international order needs to be held accountable. and i think there are serious consequences. you look between this and the chinese spy balloon that traversed the entire united states, our enemies are provoking us and they are challenging us in ways that we haven't seen in a while.
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i think the biden administration needs to be very firm and resolute in dealing with them. these are challenging times and we need to take it seriously. >> what should that accountability look like. you heard what lindsey graham said. >> i don't disagree. if you are in international airspace and you are being provoked and the russian military is taking aggressive action, then we need to take that seriously and should not be having our drones or military equipment either shot down or forced down. that is a serious provocation just like it was a few weeks ago with the chinese spy balloon. so i think the abbiden administration needs to recognize that we are being challenged and they need to take it seriously. they need to respond in a way that makes it very clear that we will not stand idly by when
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either russia or china or north korea shooting missiles off, we are not going to stand idly by and watch this happen. >> you have a new resolution coming out today on ukraine. what exactly does it say? >> well, obviously, the war in ukraine has been going on for over a year and this resolution introduced by chairman tom kane from new jersey, the subcommittee chair on europe, of which i serve, reaffirms our support for ukraine and the people of ukraine. it condemns russian war crimes. it condemns, you know, the behavior by vladimir putin and really calls on russia to recognize the sovereignty of ukraine and calls on our allies to join us in increasing our support and making sure that we pro provide the weaponry needed so that ukraine can reclaim its sovereignty. >> given that new resolution
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today, we heard from governor ron desantis. he said he doesn't think defending ukraine is a vital u.s. interest. do you agree? >> no. the bottom line is this. vladimir putin is a vial thug and dictator and his conduct in this war is atrocious and he needs to be held accountable. and if, you know, i said this many times. my wife is from maldova. her family lives on the ukraine border about 30 miles from trans knees ria. if vladimir putin is successful in ukraine, he absolutely will be going to maldova and other countries that were formerly soviet satellite states next and that cannot happen. it is not in the interest of the united states or our allies in europe for that to happen. and when you look at russian aggression in ukraine, we must also look at what china is doing with respect to taiwan.
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and if ukraine falls and we do not act, that will give the chizza clear indication they can do what they want with taiwan. that is unacceptable. >> when he refers to it as a territorial dispute do you think he is minimizing what's happening? >> i'll let him speak tore himself. to me this is an invasion by russia in violation of international law and in violation of ukraine's sovereignty and, you know, when ukraine gave up its nuclear power in 1994, we entered into a treaty. we have an obligation to fulfill that commitment. and i just ammy opinion, we are dealing with a newakis of evil between russia, china, north korea and iran. we are seeing provocations by china, by russia, and the united states, it very much is in your interest to support ukraine. >> your view is very clear i want to push back because it's
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not just governor desantis. former president trump feels this way, too. together they have a broad swath of support in the republican party. are you worried how long the republican party is behind supporting ukraine at the level we are now? >> no. when i talk to my colleagues in washington, everybody agrees a there needs to be transparency, ask theability how the funds are being spent. the bottom line is this. you cannot allow vladimir putin to succeed here. and so i think the biden administration needs to ramp up the weaponry that it is providing and do it expeditiously so that ukraine can secure back its sovereignty and this war can come to an end. >> you are on the financial services committee. do you want congressional hearings on the collapse ofsvb? >> yes. i think the biden administration
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moved expeditiously. the treasury sector, the fed and the fdic had the tools needed to do what was required in the short term. but i think we need to evaluate what occurred, why, and make sure that it doesn't happen again. we have ensure we don't have contagion and that you do not have a run on these small community banks and regional banks because that would, obviously, be disastrous for the economy. >> some of your republican colleagues are saying it's because of the diversity policies that this bank had, that contributed to their collapse. is that what you think is behind it or do you think it's because of the other steps they were taking, policies they were pursuing when it came to the treasurily-backed bonds? >> i think clearly this bank was mismanaged, svb. beyond that you had a situation with the long-term treasury notes and the fact that, you know, we are dealing with record inflation, interest rates went up, the value came down on long long-term treasuries.
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when we are talking about esg and some of the policy decisions that are being made in corporate america and on wall street i think has an impact on the bottom dollar and people need to take into account your number one fiduciary responsibility is to, obviously, maximize profit and ensure the sustainability and viability of your entities. >> j.p. morgan and other banks have those policies. they didn't collapse. >> look, there is -- >> it's not -- you could say it's not -- >> i didn't say it was the cause. what i'm saying to you, i talked about, obviously, the long-term treasury. there is all sorts of policies enacted in corporate america and by the biden administration. this is why we passed, you know, resolution just a few weeks ago on esg. the number one responsibility of any bank or corporate entity is to ensure the fiduciary
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viability and the long-term sustainability of that company. and sometimes the policies that are being enacted are actually having a detrimental affect on that bottom dollar. that's something to be looked at. in this instance, to me that's not the root cause here but it is something we will look at going forward as financial services committee will reconvene. >> yeah. we'll stay tuned. congressman, thank you for joining us on set today. >> thank you. we want to get to the brutal storm clobbering california. parts of the state have broken daily records as the rain keeps fall. most of california is under a states of emergency right now. it's not heavy rain, it's high winds. look at this. >> i started to tell him it looks like it's leaning. there it goes! there it goes! oh, my god! ooh! anyway, there goes my neighbor's
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house. >> wow. oh, my god is right. thankfully, no one was home. no one injured there. no injuries to report. natasha chen is in -- reporting to us from ventura an hour outside of los angeles. i would say what are you seeing on the ground, but you are not seeing much ground there. it's flooded. >> reporter: absolutely. i am standing about ankle-tdeep here. the rain just let up in the past hour after a continuous about 16 hours of rain that we saw since yesterday. and you can see back here this is a neighborhood that has been flooded since the january storms. an example of how some californians can't catch a break with storm after storm. this is the 11th atmospheric river that they have experienced in the state. you can see the slowdown kids playing sign. all we have seen this morning are some ducks swimming by. another problem in another part of the state, especially in the
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foothills, the mountains, unusually heavy snowpack causing heavyweight on those rooftops and now mixing with the rain. those are causing some structural collapses. here is a youfirst responder talking about that. >> it affects us in the fact that the rain making the snow wetter snow is going to increase the weight that we're seeing on the roofs. also brings in the water component. we are swift water capable, so we are mentally preparing and also equipment-wise preparing for any swift water incidents we might have up here. >> reporter: there are a couple of swift-water rescue teams prepositioned here in ventura county. thankfully, they didn't v have many incidents overnight. another atmospheric river coming next week. all of this moisture could be good news for the wildfire season. the fire department public information officer told me there is going to be a lot of
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green and less of that dry brush when the fire season comes around. don. >> but no break. bad weather from the rain. thank you, natasha chen. this morning a reparations plan is on the table in san francisco. ahead, what it includes. it's millions and millions of dollars and whether it do pass in one of america's biggest cities. two hours from now a critical hearing on access to the abortion pill gets underway. we are live in texas. with flonase, alallergies don't have to be scary. spray flonase sensimist daily for non-drowsy, long lasting relief in a scent-free, gentle mistst. (psst psst) flonase. all good. (man) what if my type 2 diabetes takes over? (woman) what if all i do isn't engh? or what if i can do diabetes differently? (avo) now you can with once-wely mounjaro. mounjaro helps your body regulate blood sugar,
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trump i pointed judge in texas will hold a high stakes hearing whether to overturn the fda's approval of the abortion pill. this would be the most consequential abortion case rumg since the overturning of roe v. wade. the court has received a barrage of death threats. this is as 14 democratic governors asking several national pharmacies if they plan to continue dispensing the abortion pill after that ruling in amarillo, texas. good morning. the judge has a lot on his plate today with national consequences. >> reporter: a lot definitely. as you mentioned, poppy, this is the largest legal battle involving abortion since roe v. wade was overturned last summer. let me take you through what's going to happen today. today there is an injunction hearing in which the plaintiffs, who are a coalition of anti-abortion groups, they are asking this judge to block the fda approval of mef prestone. the plaintiffs argue it's not
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safe, saying that the approval process was flawed and the fda of course disagrees with this. now, there is so much controversy regarding. this is so unprecedented. if this judge rules in the plaintiffs' favor, that would mean a judge who is not a subject matter expert would be telling the fda, who are subject matter experts, who are using science and, by the way, congress entrusts them in approving drugs for the american public, this judge would be telling them what to do, which raises so many questions about what happens after that, like how does a judge even begin to do that because the fda has processes, procedures, protocols to be able to remove drugs from the shelf. now, one of the things that i want to mention is right now it's still dark. we are expecting a protest later today. i talked to the organizers. it's the women's march. their concern is if we start
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with limiting drugs and overturning approvals of the fda regardin regarding abortion, does it stop there. take a listen. >> it is an attack on our public health system. where does that stop? does it stop at plan b, birth control, does it stop at prep, does it stop at, you know, other drugs? >> reporter: now, one of the big questions of course is could the judge rule from the bench today. we don't know. could he do it? of course. but it is probably unlikely, poppy, given the fact that he was very concerned about a barrage of threats that he mentioned. there was a lot of secrecy surrounding this hearing and but we'll be here. we will see what actually happens once this hearing starts. poppy, back to you. >> thank you. we are glad you are there. a lot -- the nation's attention, frankly, on the courthouse today and that judge.
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let's talk about san francisco. san francisco's board of supervisors unanimously adopting a draft reparations plan that includes a one-time $5 million payment to each eligible black person and more than 100 other recommendations. it comes as a city seeks to make amends for centuries of slavery and systemic racism. during a five-hour hearing supporters explained what the plan would mean to the city's black community. >> my dad always taught me never to beg, and i'm not begging you today. but i am telling you when my parents migrated here from louisiana to san francisco, it was for hope and a dream that they would be treated fairly and equally, and for them to have had to witness the racial disparity that i received in this city as a peace officer was absolutely atrocious. it is time for you to do the
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right thing and provide us with the reparations. >> the overwhelming support for the draft plan does not mean all the recommendations will ultimately be adopted. a final proposal due in june. >> it will be fascinating to watch. next, we will speak to a tech journalist who has been covering the collapse of silicon valley bank and also trying to get our company's money out of the bank. and something everyone's watching. fresh data on inflation and retail sales. how does it tie into all of this? we will be back on set in just a moment. and effortlessssly responds to both of you. our smart sleepers get 28 minutes more restful sleep peper night. proven quality sleep. only frorom sleep number. research shows people remember ads with a catchy song. so to help you remember that liberty mutual customizes your home insurance, here's a little number you'll never forget. did you know that liberty mutual custo— ♪ liberty mutua ♪ ♪ only pay fo what you need. ♪ ♪ only pay for what you need.♪ ♪ custom home insurance created foyou all. ♪
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. all right. as you can see we are keeping an eye on the dow futures ahead of the opening bell. down more than 500 points. we will keep watching those and updating you. meanwhile, businesses that used silicon valley bank, svb, have had a rough ride in the days since the bank's sudden collapse. among them a publication that covers tech in the business world called the information. the information founder and ceo tweeted over the weekend this is by far the most insane experience of my professional life in real time helping the
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team lead and serve readers while staying up at night, moving money, setting accounts and more. joining us to talk about her insane professional life experience with the collapse of svb is the information's founder and ceo jessica lesson. this is remarkable. you are in the moment where you are covering this but you are also trying to figure out how are these people going to get paid, what is going to happen with your finances. >> you know, i think they call it a front row seat. and we have certainly had one. i mean our team of reporters in new york and san francisco have been breaking news on this before the closure of the bank. we were the first to get inside the reaction and concern in silicon valley. that's also been a trigger to m sure our company is in good shape. i have been working hard on that. >> how did you balance -- this was reported in "the atlantic" in this interview our former
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colleague brian stelter did with you. how did you balance dealing with your money at svb, the company's mor money, what you heard about vcs about filpulling out. you made efforts to pull out some of your money before you reported on it and how you thought about sort of what do i say, when do i say it, when is it verified versus am i acting as an ceo because of what i'm hearing and my gut instinct. does that make sense? >> absolutely. and we actually didn't pull our money out before we reported on it but i was paying attention to the situation. i think it's about what's news. what are facts. what are we conferring. the information we don't peddle in speculation but look for reaction. what are founders doing. when the former ceo of silicon valley bank held a secret phone call with venture capitalists and told them to stay calm, that was news to us. that was our first piece. luckily, they have an amazing
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people on the business and news side, so we could multitask a little. when it comes to the journalism it's about the fact and we were finished with those. >> right on. there was concern, i'm sure, about a conflict of interest or the appearance, jessica, of a conflict of interest, of course, right? >> mii mean, i think about, you know, what's journalism? what are facts? what can we -- and do we owe readers, you know? i think to have a bunch of people in silicon valley sort of secretly moving things around and not be able to inform our subscribers what was happening, you know, we don't do that. so i think in the past few days i heard from so many readers of the information, hundreds of thousands of people across the country that we helped them get their money out by reporting on the situation on the ground. that's very important to us. so, you know, that was my main concern. then, of course, payroll had to
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clear on monday like many other startups out here. ultimately, sitting in the shoes of some of those founders enabled us to think a few steps ahead of what should we cover, what are the next shoes to drop. i think there will be a lot of shoes to drop still. >> one thing that you have been vocal about is the way "the wall street journal" framed why svb skplapsed. we asked every lawmaker today. we hear this out of washington, which is some of the republicans blaming them for their, you know, esg type policies, dei, diversity statements saying -- essentially they were focusing on stuff like that instead of managing risk and that. can you tell us essentially your pushback on that? >> yes. no, look, i mean, i spent eight years at "the wall street journal" which is why this issue is close to my heart. of course, it was an opinion piece, not something from the newsroom. for any commentator to say that having non-white men on the board of silicon valley bank is any way contributed to this, i
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think it's not informed, frankly. you can set aside, you know, their lack of appreciation for diversity. but i think it's not informed. and to imply by issuing a proxy statement they were distracted i am pretty sure companies are required to issue such disclosures. so it's basically nonsense. but i do think it had to be called out because it actually struck me as quite shocking they would say that. >> interesting. >> all right. jessica, you had a very busy few days. we appreciate you joining us this morning. >> thanks for having me on. appreciate it. >> i am glad you asked -- i was stunned when i read that journal piece on, i think, monday. it was an opinion piece, but i couldn't believe i was reading it. >> it is a good point. it was from the opinion section. >> it's also interesting she said it helped in this case to have a personal connection because it informed her journalism. that was very important for her to say. >> we are going to keep following this. look what's going on with the
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banking sector. stocks tonight -- tonight on cnn primetime, we will ask the experts about the failure of silicon valley bank, how did this happen, what does it mean for the banking system at large, tonight 9:00 p.m. eastern. a view you will only see, look at that, live on cnn. our chief climate correspondent bill weir went to antarctica for an upcoming climate special. he will share some of these incredible images and what he learned next. >> welcome to antarctica. here is the welcoming party. hi, guys!
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well, since we sadly cannot all about to antarctica, we have transformed the studio into antarctica for you. check out this stunning view here with bill weir from the bottom of the world that you will only see here this way on cnn. you know who did get this
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assignment? our chief climate correspondent bill weir. he made the trek south as scientists announce the antarctica sea ice hit record lows for the second time in two years. you were greeted by the penguins? >> i hasn't been this giddy since show-and-tell in fifth grade. it was mind blowing. i can't even tell you. you know how much i adore alaska and greenland and iceland. this place is all of those on steroids as one pro says, it makes alaska suddenly taste like lite beer. it's so extreme. of you have the mountains, glaciers, surrounded by whales. we are doing a big special coming up. i couldn't wait to share. here is my first impressions waking up at the frozen world few people ever get to see. >> reporter: some days are more fun to get out of bed than others. kind of like the morning when you wake up in antarctica. look at this.
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we made it to the bottom of the world. this is so gorgeous. first steps on my seventh continent, welcome to antarctica. here is the welcoming party. fo hi, guys! a little colony of gen 2 penguins greeting us as we arrive. i realize that sort of wonder turns to worry when you understand that that those particular penguins, we will show you more adorable pictures, move like my toddler on land, swim like michael phelps, seem like superheroes, but they are in trouble. they are forced to adapt. the penguin nests, those chiks will not survive because they had a freak snowstorm. they should have been hatched by christmas. like we are having freak weather events up here, they are having them down there.
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those babies won't have enough sea feathers to survive the comin coming winter right now. on top of that pressure, that is d devastating to krill. they feed everything from the penguins to the seabirds to the humpback whales. now the ecologists are worried about a crash in the food stocks down there. we spent three chasing whales on zodiac rafts, these scientists taking pregnancy tests with crossbows -- >> of the whales? >> of the whaels, yeah. this is one of the best shot you will see of a minke whale here. we were taking samples from the blubber to test their pregnancy rates, compare to the food stocks and their stress levels. we put sensors on them with cameras to follow them. hopefully, follow the whales all the way up to their breeding grounds in columbia. amazing. can't wait to share it. >> we can't wait to see it. when is the special? >> i don't know yet.
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soon. stay tuned. >> but really, gosh, especially having little ones at home, what you get to see versus how the world will be so changed by the time they are adults. speaking of, largely depending what we do and don't do to the world. talk about the biden administration. controversial move approving this drilling project the willow drilling project in alaska letting down many progressives and climate activists. what does it do -- i know there have been two lawsuits filed now against it. >> this will drag out. if conocophillips gets everything they want, oil won't start pumping out for six years or so. anwar is over here. the petroleum reserve -- interesting how names matter. it's hard to defend not drilling in the petroleum reserve. that was made in the '20s to get the navy off of coal. the willow project there may neverk exploited the. for example, anwar, republicans wanted to drill in anwar for 20
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years. president trump got permission to do that. three companies that had leases pulled out. it's not he worth it to them. there is not enough oil there. it may not happen. in the near term, there is a lot of disappointed young people in president biden. >> of course. thank you, bill. i can't wait to see it. highlight of our mornings. thank you, friend. don. so this just released moments ago. key economic reports on inflation and retail sales. christine romans is here to break it down. what are you seeing? >> inflation cooled dramatically in february. this is factory level inflation. you want to see this. 4.6% year over year inflation number. you know, that's down from like 6% the last reading. that's good. under 5% going in the right direction. for month to month prices actually fell at the factory level down 0.1%. you want to see that. definitely seeing a peaking in producer prices. that is good news that that has been raising interest rates. this is why they have been
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raising interest rates. another measure of retail sales, remember this was super strong in january. well, that pulled back a little bit. retail sales pulled back in the month of february, down 0.4% from january. still running about 5%, 5.5% year over year. it's not adjusted for inflation. so, you know, a week ago these were the most important things we were looking at to decide what the fed was going to do on interest rates. i don't think that's the case any more. retail sales cooling a little bit. that gives the fed some room, i think, to slow down the pace of its interest rate increases. >> but now everything changed because the world is upended with the collapse of svb. larry fink is weighing in. the chief executive of black rock. people watch his letter he sends out to investors. in that letter today he warns about the spector of a slow rolling crisis and says he expects to be more seizures and more shutdowns coming and cvs's collapse is an example of quote
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the price we are paying for decades of easy money. >> easy money. that means zero percent interest rates. these banks are taking that money all those deposits and putting it in long data treasuries and now it happens. interest rates goes up. they are worth less. people withdraw -- it's a perfect -- a perfect storm. we are seeing today weakness in the futures market and in regional bank stocks a little bit again and it's coming from europe. you have bank stocks in europe that are down sharply today. some have been halted. credit suisse is trying to raise money because it had material weaknesses it told shareholders this week. so now the european banks that are kind of causing the problem in global markets today. >> so at least we don't have to can you when it comes to inflation and the retail sales numbers, this is good. i am saying, is that good, christine? >> the retail sales number is good. >> you like what you see? >> i like the retail sales --
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sorry, i like the inflation number. the retail sales shows a cautious consumer and that's probably what the fed wants to see. so that's good. >> thank you. all right. there is vibology and bracketology. espn -- >> here we go. >> analysts, seth greenberg, is going to personally review our own march madness brackets and tell us how we did, give pointers for some people at the table. >> why are you dragging me into this? >> how to win your office pool. we'll be right back. i'm a new york hotel. yeah, i'm tall - 563 feet 2 inches. i'm onon top of the world. i'm lookoking for someone who needs a weekend in the city, who likes being in the middle of it all. you hungry? i know a place, and a few others nearby. it's the city that never sleeps. but hey, if you need a last-minute spot, i got you covered. hi, i'm jill and i've lost 56 pounds on golo. hi, i'm barry and i've lost 42 pounds.
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way downtown, it's good. >> all right. it is here, the first game of the ncaa tournament, texas a&m corpus christi officially joining the madness, the islanders won its first game, defeating the southeast missouri
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state for a spot in the round of 64. pagt for them now, my alma mater, the university of alabama. i don't know if i ever mentioned that i went to school here on this program. the top overall seed, the first time they have been the number one social media in the program's history. >> where is that school? >> they tip off tomorrow afternoon. we will all be watching. we have filled out our brackets, who do we have in the final four? here to tell us that is espn college basketball analyst seth greenberg. >> first, this is the best week of the year. if you are a sporting fan, all right, you can talk about the world series, you can talk about the grand prix, you can talk about the super bowl. from the day the brackets come out to the end of the first and second round, goes to work, maybe you guys, no one else. people don't go to work. my 95-year-old mother fills out a bracket. everyone fills out a bracket. >> how did we do? >> it's interesting to me. poppy, your bracket, the east and the south, did you a great job. i have one question for you. you don't have one ivy league
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dreg, you have two ivy league degrees, can you give princeton a little love? >> no. >> no? >> i didn't go there. no. we're like rivals. >> you can't be an ivy league -- >> no, and can you please tell the world who i put winning? >> you picked winning alabama. >> thank you. for who do you think? >> that's a good teammate. >> if it's not minnesota. >> on the other side of the bracket, though, we have some issues. i mean, ucla using to unc asheville. >> coach k told me ucla was underrated, i should have put them higher. >> they're also ranked number two. >> that's a little shaky. at the top of the bracket you have some issues, texas a&m, all of that stuff. texas a&m is probably not going to beat penn state. you have alabama to win it, it's pretty good. >> i think texas a&m is going to win. >> you are the sec homer unless auburn is involved. >> or lsu. >> i mean -- >> that's personal against bruce pearl. >> you have alabama advancing, you have arkansas advancing.
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auburn -- >> i'm a hometown gal. >> it's unbelievable. >> my sister went to auburn, but if my dad is watching he will be thrilled about that. i think he will agree with me. i don't have faith a auburn, i think they choke a lot. >> personal right there. it is personal right there. that side of the bracket when you're filling out your bracket, midwest and west, there are so many injuries on that side of the bracket. i would suggest -- i know as a bracket of integrity around here, but i might recommend a second bracket because if you look at this houston has an injury, kansas has an injury, ucla has an injury. a lot of injuries on that side that could blow up your bracket. don, my friend -- >> uh-oh. here we go. >> actually, don, very nice job. a good swing at memphis, i thought that was a good swing. >> okay. >> i like purdue but memphis have pressure you. they have a great guard. i like that swing. i like missouri as another swing, missouri makes 35% of their points at the three-point line, a pretty good swing.
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baylor and virginia, you're knocking out bama. >> i was literally just looking at his final four -- >> where is the kumbaya? you are you're knocking out bama. >> i'm living in reality. >> that's a little issue. and then baylor a heads up because you still have time, baylor has the best -- maybe the best backcourt in the country. i could get 20 on them. i mean -- >> real -- >> i don't have a good first step anymore. the game is well past its prime right there. a little bit of a risk. kansas, it all comes down to kevin mcculler, he played in the big 12 championship game, they got run by texas. texas is really good, they played without one of their best players and they won that game. >> i used to fill out my bracket every year -- sorry, my neck -- sorry, the neck injury as you have noticed. >> playing basketball? >> yeah, from playing basketball. an old basketball injury. it used to be gonzaga every year. i used to just put gonzaga there and i would win, but not anymore. >> no love for gonzaga.
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they are a sneaky choice because they are off broadway right now. they didn't have a great year, a good enough year, you may want to rethink that. >> it's always about upsets. who are you watching? >> i like penn state in the texas a&m game. they just lost in the finals, big ten championship, they have jalen picket, a 6'7" guard, upsets are all about imposing your identity on the game. if you can impose say like virginia, they imposed their identity, slow the game down, or you can speed it up. penn state shoots a ton of threes, 47% of the shots from the three-point line. >> we didn't see your bracket. >> i'm sure it's somewhere around here. >> i have kansas, yes, no, maybe so? >> i do not have kansas. >> okay. >> do you have bama winning it all? >> i'm alabama. >> you have alabama winning? >> i have them winning it all. >> three of four people at this table have alabama going all the way. >> our whole game day crew picked alabama. we have to fill these things out
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in two seconds, the show comes on, we're filling them on and then we have to hand them in, it's brutal. >> seth, we have to go. >> let's go. >> thank you very much. >> roll tide. >> roll tide. >> you can sign up free for the espn bracket challenge on espn.com. the news continues right after this. >> back to the news. >> i'm doing doing a wedding on a day. >> on what day is it called? humpty dumpty does it with a great fall. wonderful pistachios. get crackin' >> on what day is it called? should i be sellg right now? ♪ let me take a look at the numbers for you. ♪ before...
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good monday -- monday? what am i doing here, jim, that is not good. good wednesday morning, everybody. i'm erica hill. >> and i'm jim sciutto. lots of new economic data in this morning, new numbers show americans are spending, slightly
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