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trump intentionally misled his own lawyers during the mar a lago documents investigation that means attorney client privilege would not apply and that the defense attorney could have to testify in front of the grand jury basically means the first time that the judge is saying here that it is trump who may have committed the crime here, so it's incredibly significant. dominion lawyer told the judge today quote the fix was in arguing that fox hosts knew they were promoting false claims about dominion ringing the 2020 election. they argue that a lot of the coverage at fox was not based on what was true and what was false based on business decisions, for its part , says that it is fully protected by the first amendment here. colorado dentist accused of killing his wife by poison believed to have been given to her in protein shapes. his search history showed phrases such as how many grams of pure arsenic will kill a human guy who, rather than get divorced, decides he's going to get rid of

his wife and do it through the internet. this has very, very incriminating. we lost an icon willis reed passed away at the age of 82 time. world champion seven time all star of the great players played before me and to know that you were one of them, and you were at one point one of the best in the league is something that you know you'll always be here. we're a nation, a great nation of large department president of power of the arts and humanities. we continue the legacy of awarding two of our nation's highest honors to 23 extraordinary americans. good morning and welcome to cnn this morning. we are tracking big developments in two major, but different investigations of former president trump here in new york . the grand jury in the stormy daniels hush money case is set to reconvene today. we're waiting to see if they make a decision on criminal charges. sources tell cnn that trump has been toying with the idea of creating somewhat of a media

spectacle if he is indicted. plus cnn has exclusive reporting that emails between trump's attorney and stormy daniels from years ago have now been turned over to the district attorney. daniel's lawyer says his client divulged confidential information to joe tacopina before he joined trump's legal team and the special counsel's probe of classified documents at mara lago is also intensifying. we are now learning that federal judge is convinced trump may have used his own defense attorney pictures. here, evan corcoran to break the law. allegedly when federal agents were trying to retrieve top secret files that restored and his private mara lago club in florida. sarah more sara murray joins us now live, sarah. obviously while we were sleeping. there were a lot of deadlines that came out overnight. can you get us up to speed on the latest? what these deadlines look like and what we are now waiting for their was a lot. i mean, as you pointed out, a judge has ruled that essentially, the prosecutors provided enough evidence to say trump may have committed a crime to pierce the attorney client

shield and forced evan corcoran, one of trump attorneys was very involved in the search for classified documents and telling the government you know, we've turned everything over to testify. now the trump team quickly appealed. this and the appeals court said. what is really a crazy briefing schedule, essentially forcing the justice department and the trump team to file overnight. they have both filed. so now we are waiting to hear from the appeals court to say, okay, are you going to force evan corcoran to go testify or are you going to put this on pause for now? i will wait to find out summary. thank you so much. thanks the fbi says it is seeing an uptick of violent rhetoric online and calls for a quote civil war after the former president told his supporters to protest and take our nation back engine grass is here with more brent good morning to you. this is incredibly disturbing. federal officials are proceeding with caution is that this possible indictment looms over the former president and listen, this is constantly being reevaluated every moment as we kind of get closer to a decision being made on whether or not an indictment

is going to come down. authorities are reassessing their positioning, reassessing all this chatter that they're seeing online and again, there is some violent rhetoric that is now up ticking. however sources are telling us that it's not rising to the level of major concern. at this point. it's actually sort of lacking the coordination and the volume that they have seen in the past to really be a major concern. one source also saying it's somewhat familiar chatter, meaning that it's really not a major. concern again just yet, but of course again, this is something that they're continuing to monitor their also sort of pointing to the fact that what they're seeing so far is protests outside of trump tower outside the courthouse in lower manhattan, and they're really just sort of tame. nothing major has sort of broken out there just yet. in fact, one source saying there was a group that planned on coming into new york city but changed their mind at the last minute decided not to come in, and they say some of this is in response to what they saw after january. the six they believe protesters sort of have

in their mind that arrests could happen. charges could follow and so therefore are sort of taming down what their response might be. should an indictment come? but of course, this is a very fluid situation. we haven't seen any sort of, you know, decision based on the indictment and also, of course, we could always see some changes based on what the former president might say on his own guys, we've seen some of the barricades we've seen, you know the number of officers they were ramping up the uniformed officers. what have you but how are they? pairing for the possibility. let's hope it doesn't happen. we want to get ahead of ourselves. but how are they preparing? exactly that's preparations are still continuing their having the meetings continually with the secret service with federal authorities that the fbi, the nypd, so this coordination is literally happening every single day, and a lot of this, of course, is going to be based on the fact of what happens next. does the grand jury bringing indictment and there's all these possible scenarios that could play out? does the district attorney actually make the announcement first in his own press? this conference. does the former president want to have

his own press conference? where does this all happen? of course , this is going to be with the utmost security concerns for the former president. he is if he is indicted. he has, of course, going to be treated just like anyone else who has charges against some needs to come to the courthouse or some location and have those obviously formal charges placed against him and put under arrest in the whole nine yards so printed being considered fingerprints. mug shot, etcetera. yeah, thank you, bren. appreciate that. alright so let's bring in cnn senior legal analyst former federal prosecutor laura coates, you're perfect for this for so many reasons. so much of you in the morning. you were a prosecutor at doj. you know how this works. the fact that doj attorneys were able to convince judge beryl howell that former president trump used one of his defense attorneys in furtherance of a crime and the fact that this is the first time that the justice department is arguing it has evidence in this. this is the documents probe. trump may have committed a crime. how

extraordinary is it? it is extremely significant. we hold so dear in this country, the idea of privacy, especially in private communications, attorney client privilege, everyone knows what it is because you think to yourself. listen, i can tell my lawyer anything and i won't have consequences, but there are consequences if it's involved in a crime or fraud, and so you don't have that shield and don't have the shield everything you know, everything you've ever said will come out, but you can pierce that sort of privacy screen but to show a judge that's worthwhile. that's a warranted in this situation is extraordinary. it has to show they have made a prima facie case. a fancy way of saying, look, i'm kind of convinced something actually went wrong here. it doesn't mean beyond a reasonable doubt. it doesn't mean probable cause that a crime has been committed to the legal sense. but it does say, look enough to pierce this communication and you gotta tell me what was said. you can't run behind the curtain and say, i'm sorry. it's my lawyer and why we don't want people to go to their lawyers and be able to use them as a tool to commit crimes. and

then benefit from the protections of that private communications. we have to make be clear. which case we're talking about here because we were just talking about the d a with bren. but this one is the reporting that you have that we're talking about on the documents. i think one thing that's really important here is we're waiting to hear what happened today. we don't know if the d c circuit court doesn't weigh in today, though. evan corcoran defense attorney is going to have to go and testify. without the attorney client privilege. i think obviously, prosecutors think that will be helpful to their case. we don't actually know, though. what he would say it doesn't mean that it's like it's monumentally changes this. what would be his significant is the ruling in and of itself. exactly what we don't know what's going to be said. we know that the court has said you have to testify because we believe that there is some indication that the communications you had with your clients are such that they should not be protected. we want to get to that. that is a very big step to take. and it's a former president. by the way,

everyone don't forget that. it's a former presidents communications. it's not white house counsel we're talking about, but it's the idea of a former president being told you don't get the benefit of attorney client privilege, even more than that, though whatever is said is moving the needle in the direction least for the public and the court of public opinion that there is some movement in the doj. this is jack smith's case. this case about the classified documents, and so as we're looking to figure out these procedural hurdles of what i get to know, remember what we still don't know fully? we don't know fully . what was in all those documents at mara lago. we don't know what that's were taken to try to either return classified docs or withhold that and we don't know in the other probes to your point on what's going to happen in georgia. what might happen in manhattan today? but it's all circling. but these really important note unrelated cases they do not have to coordinate together. they are entirely separate entities can i know one other thing that i forgot to mention earlier, which is that? also the judge here has gotten ahold because he had to

turn them over. i believe evan corcoran's handwritten notes and audio recordings. it's like verbal notes, so they also have all of that that is at stake here. we call those receipts. and they could be good receipts. they could be bad receipts actually exist. good for trump. problematic well, not necessarily. they could be indicating that there was some coordination between the attorney and the client to do something that's very it could also fully exonerate and say nothing to see here, folks. but again, a judge is willing to take a chance and say whatever this government attorney has presented its enough for us to believe you don't get the automatic default, which is attorney client privilege. communications. our private. glad we're speaking about that was quickly. i want to get to this. can we play? this is joe i don't know if you were on this panel you may have been, but you have been on panels with joe tacopina. this is from an interview, and the whole idea of attorney client privilege is being thrown around and whether right, joe tacopina, pierce said in a different, different probe. can we play this sound bite? please quickly. and i can't

really talk about my impressions or any conversation we had because there was an attorney client privilege attached to a consultation. so apparently he met with her well, he didn't meet with her stormy daniels. he's saying that she called his office and spoke with someone or at least contacted his office. but he never had any contact with her. and now they're deciding. if he can, i would imagine stay on this case or if he did something wrong. attorney client privilege tax attack is to attorneys and clients, prospective clients. if you reach out to an attorney, and you say, listen, here's the evidence i want to tell you about here is the case i might want to bring. here's what i'm facing terms of legal jeopardy, while the attorney who might pursue spectrum or is that you know has to honor those communications because otherwise , why would anyone seek out legal advice that they knew that just because it wasn't signed on the dotted line, you can tell everything, so the question here will be whether there was sufficient contact to establish either a prospective client relationship or an actual one. and then you will attach the privilege accordingly. here he

may have that and i don't know the full facts of what he will say. but he may have been trying to say that someone in his firm had some contact but did not rise the level sufficient relationship, but it's not a good look if the current attorney for the president for president says has this issue, because, of course, then it might undermine the ability to make a defense for trump again. he's saying he had no contact with her. he's denying off. yep thank you, laura. appreciate it. we need to get on to this news of what's going to happen today. this morning, the ceo of norfolk southern will face another grilling on capitol hill following last month's toxic train derailment in east palestine, ohio in a new development, the ceo alan shaw is expected to say this that his company now supports legislative efforts to enhance the safety of the freight rail industry. this is a shift from what he told lawmakers earlier this month. listen to this. will your team lobby for safety improvements rather than against them? sarah

we will continue to file a science. we will continue to follow data. will you make that commitment right now? to guarantee paid sick days to all of your workers. that's not a radical demand. it really is not committed to continuing to speak to our poise about quality of life issues that are important to them. let's bring in now ohio's republican governor, mike dewine, who will also be testifying this morning at the hearing. good morning to you, sir, we thank you for joining us. let's get straight to it because i know that you've got to get ready for this. you sent a letter to norfolk southern ceo alan shaw, who we saw there just yesterday, urging him to support legislation that would regulate the railroad in astri. how urgently is this needed? it's really very urgent. uh, you know, this could have happened in any number of communities not only across ohio but across this country. we need to bring the safety up to date with the technology that we have today. and so it was a very welcome statement that he's going apparently is going to make today we're very happy about

that. listen there's a least a bipartisan effort. but may there may be a snag in it because some republicans in congress are reluctant to support this bipartisan train legislation that is being pushed by j. d. vance and shared round republican and a democrat there , congressman bill johnson of ohio so that it would give transportation secretary pete buttigieg a blank check. what will what will you say to lawmakers today? especially those from your state who don't want these laws. welcome look, congressman johnson has a good bill as well to bipartisan bill with congressman sykes. so out of those two bills, we ought to be able to get a bill that will will make a big big difference. uh, i served many years in the house and the senate. i'm not gonna get into the gory details about which version of the bill is better, but we just we need the changes. i think either bill will do a good job. so you're confident of that? at least one of these bills will pass. are you leaning towards either one?

what look, i'm very hopeful that congress will will will do this . uh you know what we have seen in these palestine trauma that this community has gone through about 4700 people, great, great community, great people, and then this happens and you know they're used to having trains go through a lot of trans go through east palestine. ah probably people don't even hear many more didn't hear him anymore. and then bam! one night massive derailment. uh and this this community is really been hurt, so we don't want to see this happen to other other communities. speaking of trauma , your word there. it has been almost 24 months since that derailment. when can you say that the cleanup in east palestinians is complete. it's got a ways to go. i mean, i'm going out there again today. i've been checking on it about every week. long it's a long

process. they've removed one rail. there's actually two rails . there's still actually on the first railing all the all the dirt soil around that so we've we've got a ways to go. but look, progress is being made. it is sped up. ah the trucks are rolling out there every day. so you know it's moving forward. talk about being, you know, re traumatized. this is really an environmental catastrophe that folks are dealing with their on more than one way because also last month there was an explosion at a metal factory near cleveland that killed one person left. at least, you know, doesn't people injured community members are concerned that people may have been exposed to lead contamination after that explosion. what do you know? r ohio, epa has been directly involved since the beginning. it is my understanding that there was lead there, but the lead is , you know, separate place. the

tragic explosion one individuals you say was killed, others injured, but the lend itself separate from the area where the actual explosion took place, but we're going to continue to work their work. the plan of the cleanup ah ah, and, you know, continue to work with people in the community. governor dewine whatever here, you know, we have to talk politics, right? we've got 2024 looming. so when it turned to that race now, the presidential race for governor rhonda santis is really inching closer to officially running for the gop nomination, but he's already appealing to ohio voters . this is what he said in his new book, and i'm going to quote here, he says. i was geographically raised in tampa bay, but culturally, my upbringing reflected the working class communities in western pennsylvania. and northeast ohio. from weekly church attendance to the expectation that one would earn his keep. so can someone who is not from ohio culturally. from ohio would how

do you read that needle needle there? sure sure. look look, ohioans, we have a great deal in common with people, for example , in in in western pennsylvania , eastern ohio. um you know, we're a manufacturing state. these are people in ohio who are just hard, hard workers. so if by that he means you know, families that get up in the morning. go to work. take care of themselves focus on their kids and their family and their community. yeah absolutely. yeah i want to talk to you about what's happening here in manhattan where i am sitting right now, you know the hush money payments stormy daniels and the president possibly being indicted soon. we don't know if that is going to happen, but you have said that you don't know the facts in this case, but you are a former prosecutor. do you see a problem with the without knowing the facts of this case, but do you see a problem here? what do you think? well as a

former prosecutor. i just kind of wonder why it's taken so long for you know, there's this matter we dealt with or, you know, it's a long time since the facts of this case. now look, if you've gotta long investigation like we had in pike county in ohio, you know it takes a long time to put all the all the pieces together. and but in a case like this, it's just hard to understand why it has taken so long. are you saying that the former president should not be criminally charged. look, i don't know that. i mean, look, i don't know that, but i just think that when it takes that long in a relatively fact specific case, that's that's fairly simple. you have to say, well, why is it taking you so long? and that's you know, in the prosecutor world unless the case is very complicated either have the evidence or you don't have the evidence either. go to court. and try someone or you back off and say, look, we don't

have enough evidence to move forward. it's hard to understand why again. i don't know all the facts in this case at all, but why this has taken so long. governor thank you. good luck today as well. be with you. thank you. thank you. all right. all eyes are on the fed this morning, including at the white house as the fed chair, j. powell is preparing to announce a critical decision. do they raise interest rates? this is all against the backdrop of the banking crisis and this fight against inflation that is still in playing out for a year. now today's decision could have a major impact on your bank loans or credit cards, where you bank and potentially the direction of the u. s economy. with all that at stake, let's go to cnn's arlette signed at the white house are like what is the white house watching for today? i imagine they're kind of just trying to see what's going to happen just as much as the rest of us. yeah they really are. caitlin and the federal reserve right now is facing two conundrums. they're trying to tamp down inflation, while also trying to ensure that there aren't any more. deeper systemic problems in the u. s banking

industry, and that is why the white house will be watching this announcement from the federal reserve very closely before the collapse of signature bank and silicon valley bank. analysts believed that interest rates would be raised about half a point. but now analysts think that might be closer to a quarter of a point or potentially pause for some time as well. so the white house will be watching this to see what it means for borrowing rates for american consumers, but also see how it reflects what the federal reserve is thinking about the state of the banking industry. at this moment, of course, the administration has repeatedly tried to stress that the banking system is resilient. yesterday you had treasury secretary janet yellen. saying that the banking system is sound. the economy is doing well. and that all comes at a time when the white house is very aware that the state of the economy is at the heart of many americans concerns, especially as they're gearing up for a potential reelection bid in the coming months, and

they've said inflation is their number one problem. we'll see what they say about what the fed does thank you so much. alright this morning, a man is accusing actress gwyneth paltrow of crashing into him on the ski slopes and then skiing away why gwyneth paltrow is seeking just $1 in damages, she says. it's the other way around and breaking just moments ago a in ukraine residential block in eurasia, apparently struck by a missile, the moment of impact caught on camera. we're going to show it to you. introducing thee new sleep number climate 3 60 smart bet only smart bed in thee world that activelyly cools. was and effortlessly respoponds to both of you are smart sleepers get 28 minutes more restful sleep per night. proven quality slp only fromleep number next on behind the seri that run with t champ was magical. i mean the tende chicken, the peppcorn ranch. i love my rings. no cherish that lunch forever. the subway series the

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the adviser match quiz now at smart asset .com was this close? it's close. longoria searching for mexico premiere sunday at 10 on cnn. welcome back to cnn this morning. a lawsuit against gwyneth paltrow is going to trial and utah park city courtroom on tuesday, 76 year old man accused the actress of crashing in him while skiing. this happened in 2016. he says she knocked him down, broke his ribs and caused a brain injury. paltrow is counter suing him for just a dollar in damages, saying he crashed into her oklahoma losses following all of this for her. obviously this isn't about money. that's why the dollar

figure this is about what she says actually happened exactly. and this took place seven years ago, and we are still talking about it now. he first sued her for $3.1 million. now he's suing her for $300,000 poppy, and it's the case that everybody's watching right now and she will in hollywood, and she is going to be back in court again today. what about you? actress gwyneth paltrow appearing in a park city, utah courtroom tuesday in a trial stemming from a 2016 ski crash. 76 year old terry sanderson is suing paltrow for $300,000 in damages after he claims that she was skiing out of control, knocking him down hard, knocking him out and causing a brain injury and four broken ribs and other serious injuries. paltrow skis down to the right she turns her head up. look at her children. as she

turns her head back down, she screams. that skis that into the back of terry sanderson. she rides his back down. they hit the ground hard. and miss paltrow bounces off terry. paltrow is countersuing for a dollar in legal fees, claiming that she was downhill from sanderson and that he plowed into her back. she sustained a full body blow and that she was angry with the plaintiff and said so and that the plaintiff apologized. suddenly she sees two skis appear between her skis. and a man. comes up right behind her. they begin falling to the right. and she's filling. freaked out, i think is a fair statement. and he hits down. apparently his side and his head

and she is essentially falling on him. but keep in mind his skis. are intertwined now with hers. sanderson's attorney claims that he was left face down in the snow unconscious after the crash, further stating that paltrow and her ski instructors skied away without getting sanderson any medical care, a friend of sanderson's who witnessed the accident testified scream and then and then and then i see this. this this here just slamming of the bacteria. and when she just slammed him hard, very hard. he i mean very hard. everybody is wondering is gwyneth paltrow going to take the stand and really explain her side as to what happened. what we do know you all is that her children are expected apple and moses and maybe even her husband. brad will also take the stand. you know they were skiing with her that day, and obviously there are varying recollections of what happened. and this took

place seven years ago. but it's very clear that paltrow she's doing this to prove a point. which is why she is countersuing for just a dollar in legal fees , but it's really interesting. a lot of people have asked me actually a lot of questions about this particular case. it's obvious it's not money for her because $300,000 quite honestly that gwyneth so she could just pay, you know, settle it for nuisance value, but she believes obviously, in her case, it could happen to anyone in a skiing accident like that. in terms of you know what they face a lawsuit. chloe, thank you very much. today, the fed will decide whether or not to raise interest rates again what officials are considering after this banking crisis, and the gloves are really off. this is what florida governor ron de santis had has to say about his former ally. what you got? what? you got me what you got. stuck. tell me

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bill maher, now on cnn friday at 11 30. welcome back to cnn this morning. poppy is moments away from interviewing senator jeff merkley on the federal reserve's looming decision today when it comes to interest rates, but first we want to start with florida governor ron desantis as he launched some of his most direct attacks yet at a potential 2024 arrival for

president trump. this isn't a wide ranging fox nation interview with piers morgan, where de santis criticized trump's character, his leadership style. the nicknames trump has given to dissent is he also says that he is certain if he does run for the white house, he can win. your favorite nickname that trump's given you so far as it run rhonda, sanctimonious or meatball rock. why can't even he went off meatball wrong? i can't i don't know how to spell the sanctimonious. i don't really know what it means. but you know, i kind of like it's long. it's got a lot of valve. i mean, so we go with that. that's fine. you know, you can call me and you can call me whatever you want. i mean, just as long as you, you know, also call me a winner. the centers also contrasted trump would past presidents known for their moral standards, saying, quote you really want people to look like our founding fathers. it's not saying that you don't ever make a mistake in your personal life. but i think what type of character are you bringing so somebody who really sets? the standard is george washington because he always put the

republic over his own personal interest. i think the person descente said, is more about how you handle your public duties and the kind of character you bring to that endeavor. cnn's steve contour no is live in st petersburg, florida. i mean, de santis is very clearly trying to draw this line on leadership skills on character. ahead of a potential matchup between him and trump here, and he's very direct attacks. exactly katainen that quote where he's saying, as long as you call me winner, the influence being that trump is a loser. so really an attempt by the scientists to draw sort of a distinction between himself and a political figure that he has been closely tied to ever since he was elected governor in 2018 as the trump endorsed candidate and these two men have mostly been allies as you said, but to santa's drawing some sharp contrast with trump. we saw him talk about how he ran a tight ship as governor versus the chaos of the trump white house. he is presenting himself as a

family man versus trump, who is in legal trouble for allegations that he made hush money hush payment money payments to an adult film star. and morgan also asked him about. ah trump's propensity to mislead and the sort of untruth that we saw from trump over the years and de santis responded by saying, quote. truth is essential. we have to agree that there is a certain reality to the world we live in. it's not your truth or my truth. it is the truth. now. i think there would be some democrats in florida and probably some people in the medical community as well, who had suggest the scientists may not be the best arbiter of truth, but nevertheless, it's a it's another exam. apple of how he is differentiating himself from the former president as he prepares to run for the white house himself. he hasn't even announced steve so i mean, it's really early and you know we shouldn't get ahead of ourselves, but i mean, it's looking as though he's going to run. but you're right. we should wait until you know until he

announces, so i wonder if it's going to help to santa's. does it hurt to santa's because there's been no announcement yet. yeah it's been this long sort of soft launch. we have the book and the book tour where he's doing a lot of interviews with conservative media a lot of interviews with murdoch owned media, which has really rankled the feathers of trump's allies, who have attacked two santas and forgiving sort of this unfettered access to someone who has clearly turned the page on president trump to say this has used this opportunity to make the case that he is better positioned than trump to win the nomination in 2024. he has talked about how much he how large his victory was in 2022 in the midterms compared to trump, you know he won by 19% points. trump won by handful of percentage points, and he gave this quote as well where he's talking about how well he did, with independent voters, saying i won with independence by 18

points. i think anybody should take the formula like that. nationally you can't win with just republicans. you've got to win with independence. and what's interesting to dine and caitlin is that the santa said that if he were to jump in the race, he won't even get bogged down in mud slinging with trump. he is already looking ahead. to a match up with president biden . that's a tough thing to easy for him to say to avoid to avoid right on. thank you, steve, right? all right. thank you guys. the federal reserve is said to announce a decision today and it's your long warren. inflation will it hike interest rates yet again? or will the fed pause its rate hikes in an effort to try to stabilize the banking sector? the fed chair j. powell. has to make this decision and this marks one of the most important meetings and speeches of his career. it will be the first time the world hears from powell since the collapse of silicon valley bank and signature bank and the fire sale of credit suisse and the

lifeline extended the first republic. the recent stress in the banking system is placing huge pressure on what the fed does today. investors are largely pricing in a quarter. 0.25 basis point hike. and we'll listen to exactly how chair powell explains this decision. let's talk about this, and a lot more with democratic senator jeff merkley of oregon is served on the senate banking committee. four years senator. good morning and thanks for joining us good to have you on. good morning, poppy. good to be with you. gosh an impossible decision, right? what do you think the fed should do? well i think we are going to see that quarter point. they're between a rock and a hard place. they're very concerned. if they don't do enough, it'll look like they're not fighting inflation, which has consequences if they do too much and affect the economy too much. when banks are a little bit rocky, they could figure they could cause a little more trouble in confidence in the banking system, so i think we'll see it. go down the middle with that 0.25. this is what janet yellen, the treasury secretary, said yesterday to the

american banking association. intervention was necessary to protect the broader u. s banking system. and similar actions could be warranted if smaller institutions suffered deposit runs that posed the risk of contagion. she's basically saying there, senator smaller mid size banks. if you fail to we've got you. above the $250,000 fbi. see insurance threshold is that necessary? well if she is projecting absolute confidence, because what we had was a classic run on a bank. we had silicon valley have billions of dollars, withdrawn within a few hours, driven by kind of internet communication and the situation with silicon is very different than most banks. they had a huge investment in bonds, which meant they were incredibly vulnerable to a rise in interest rates. but now we have people saying well,

if this fear even if your bank doesn't fit those circumstances, this fear of other people withdraw. we better withdraw and she's wanting to say everyone. calm down. we're going to protect whatever we need to do to keep the system stable. so she's sending that message of confidence. but there is danger. in that? yes. so let's talk about that danger. is that really what the u. s government should do is say no matter what we've got you to any limit. i think her projection of confidence that we will take care of the problems as they emerged as probably the right message. when you're facing a kind of fear driven possibility of runs on banks, but the danger of what they did with silicon, which was to ensure all the deposits for the entire level in the longer term. that presents a situation where banks say hey, we can take more risk right? which means we have to be looking at the liquidity standards. we have to look at the capital standards. we have to look at a better stress tests all the things that when i was

back when i was fighting for the volcker rule in 2009 were very important. it sounds like you agree with some of your republican colleagues who are saying there is moral hazard here, and this is a bailout. and at some point you know americans will foot the bill. american taxpayers. do you think they have a point? well right now there's no risk of us from the bill because they're going to increase the f d i c deposit requirements in order to cover the risk, but it may be a situation. yeah. well i think that's going to be huge impetus to do that, so you would not going to let the taxpayer be on the hook. i'm sorry to speak over you. you would. you would support them what some of your fellow lawmakers are pushing for raising the f d i c insured limit above 250,000. will not necessarily no, because that does create more hazard on the risk taking side, but i think

it's it needs to be wrestled with and went up from 100,000 to 2 50 back when we were in the 2009 crisis, but this situation in which the smaller or the large regional banks have much lower stress test liquidity standards, capital centers that has to be re examined. yeah just one note. you said the situation with svb is very different than other banks. and i'm not sure if you've seen this new paper that just came out of columbia, northwestern and usc, but their analysis is it 190 more banks could fail. and there are 10% of all u. s banks that have larger, unrecognized losses than those of svb. so there's a real danger here for almost 200 more banks, they say. yes when it's when it's when we look at that. that that outline risk that is very worse. and that's exactly why yellen is trying to project great confidence and discourage any type of runs on the banks. you are. let's turn to china. russia what we just saw over the last three days. you are not

only a member of the foreign relations committee, your co chair of the congressional executive commission on china, and we just saw vladimir putin wining and dining xi jinping, three hours of meetings here. saying they talk constantly. putin committed to uninterrupted oil supply to china. what is your biggest takeaway from this visit, which ends today, and are russia and china more of a threat to global stability now than they were three days ago. poppy this was a three day bro fest celebrating authoritarian power. and you have china, which didn't hesitate to run over the top of hong kong. you have russia, which invaded ukraine, and they're both authoritarian leaders who want to flex their muscles in the world, and they're finding that they're very comfortable being lined up with each other. so it's that authoritarian block is so counter to what we want to see in the world, the world of freedom of assembly and speech and religion. and it is it is a threat to freedom everywhere. i

appreciate your time, senator merkley very much. poppy good to be with you. thank you done quite a description of that summit between xi and putin a three day or two day three day they professed authoritarian, authoritarian cherien, bro fest like that. nice, bobby. thank you next, just in a missile strike on the residential block residential block in separation . we're talking about ukraine, and we're live on the ground there for you. sunday on cnn evening of high praisee and high comedy. the kennedy center presents the mark twain prize for american humor celebrating adam sandler with special guests . jennifer aniston, chris rock, barrymore, conan o'brien, capito and more. the mark twain prize for american humor are celebrating adam sandler. sunday at eight exclusively on cnn.

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the adviser match quiz now at smart asset .com was this close? it's close melanie's nana in washington and this is cnn. so look at your screen. look at this video. wow right there. that is a breaking news that's coming out of ukraine. right now . officials on the ground say that two russian missiles hit a residential high rise building. this is in zap or asia, you can see the moment of impact, blowing a hole in that building

. ukrainian president zelinsky posting this video to social media, saying russia is shelling the city with be still. savagery look at the flames coming out of their their hitting residential areas of ordinary people and children live and they're being fired at that is the quote cnn international correspondent ivan watson is live in ukraine right now, ivan, tell us what you're saying. we understand that rescuers are conducting rescue and search operations and extinguishing the fire where this happened. this is just amazing to see. well and you know, as you can see here in eastern ukraine, it is a sunni kind of late winter early spring day, and that's when at least two missiles the ukrainian authorities say hit the city of merida hitting 29 story apartment buildings. the information from on the ground is that the rescue workers are still working. they're still doing the search and rescue so we have no information right now about the actual casualties there as they're still trying to

put the fires out, but you can see from the video from the scene. just the scale of the destruction. you can just imagine what horror that must have been like for any residents who may have been in that building at that time. now, this isn't the first time that separate asia which is probably 25 minutes. drive from the front lines active front lines. it's not the first time it's been hit by large russian missiles that apartment buildings have been hit by them, but the ukrainians are immediately calling this a war crime. i don, i think it's important to keep in mind. this is one incident. the ukrainians are saying that there were a number of drone and missile strikes on ukrainian towns and cities overnight and apparently launched shortly after the russian and chinese leaders embraced each other embedded you to each other in moscow after having declared that they want to create a more just and peaceful and democratic international order. then there

were several missiles. launched by fighter planes, the ukrainians say at the southern ports city of odessa that some of those missiles were shot down , but at least one got through. meanwhile there were i don't have the numbers in front of me . i'm afraid but more than a dozen shahid drones. those are manufactured by iran given to russia as part of this military cooperation between iran and russia. fired from north of ukraine, hitting one town in the kiev region about 50 miles out of the capital, killing at least four people. some of those drones believed to have been shot down over there, you toma region. meanwhile the russians are saying that they shot down some kind of drones that apparently they're claiming were fired by ukraine towards the russian occupied crimean city of sevastopol. all of this just gives you a sense of the air war that is underway. the civilians

who are caught in the middle of it, the innocent bystanders of the savage conflict that russia launched with its invasion more than a year ago. don all right, ivan watson reporting for us in ukraine, and this is the breaking news this morning officials on the ground so that two russian missiles hit a residential high rise building is apparition to they are searching now for victims, and they're trying to extinguish the fire. our ivan watson in ukraine again. thank you so much. caitlyn. and on this breaking news coming up. we're going to speak with the former defense secretary mark esper, about the latest on ukraine's fight and how it just completed meeting between putin and china's president xi could shape the war . about this. let's go gobble gobble that seem bigger legs on the turkey rude. who are you? investor in a fund that helps events. innovative sports tech like this smart fitness mirror. i'm also mr leg date. 1989

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wednesday, and there's a lot going on. we're going to explain lots of stories. hello everyone. welcome and welcome back. thank you. i'm glad to be back. i'm healed. thanks to antibiotics, puppies. kids gave her a little kids and we move on truck on, so we're going to talk about donald trump's legal problems mounting. we're now learning that judges convinced that he may have used his own attorney to break the law when federal agents were trying to recover classified documents from mar a lago and all this is coming, as trump is preparing for what could be an indictment in the stormy daniels hush money case here in new york. now trump's lawyer in that case, when you've seen on television recently, is also under scrutiny for emails exchanged with the adult film actress. and the federal reserve is getting ready to announce a crucial decision today will keep hiking interest rates to fight inflation in the middle of a banking crisis. here is where we begin. it is a lot of big developments in two different investigations of the former president talking about former president donald trump. first