and nothing's ever working. i've done the diets, all the diets. before golo, i was barely eating but the weight wasn't going anywhere. the secret to losing weight and keeping it off is managing insulin and glucose. golo takes a systematic approach to eating that focuses on optimizing insulin levels. we tackle the cause of weight gain, not just the symptom. when you have good metabolic health, weight loss is easy. i always thought it would be so difficult to lose weight, but with golo, it wasn't. the weight just fell off. i have people come up to me all the time and ask me, "does it really work?" and all i have to say is, "here i am. it works." my advice for everyone is to go with golo. it will release your fat and it will release you.

hey, everybody, good to be with you. i'm yasmin vossoughian in for katy tur. there are at least four open criminal investigations into former president donald trump. now 2024 candidate, and now we have new signs that it might be the stormy daniels hush money case that is putting him in the most immediate legal jeopardy. not election interference in fulton county georgia or the january 6th insurrection or the classified documents but the hush money payments to a porn star. nbc news reporting that trump has been told he can testify before a new york city grand jury as part of the manhattan d.a.'s investigation into the alleged hush money scheme according to two of his attorneys. "the new york times" is citing multiple sources who say the d.a.'s office has also signalled to trump's lawyers that he could face criminal charges. trump's attorneys told nbc news they were not told charges would be forthcoming. in a statement trump said he did nothing wrong and the d.a.'s office declined to comment.

an invitation to testify before the grand jury sends a potential signal. this probe could be wrapping up, and a decision on an indictment could be coming very soon. we also have new reaction from trump's former personal attorney michael cohen who has also found himself at the center of the hush money probe. he pled guilty to federal charges in this matter back in 2018. we're going to bring his latest response in a moment. joining me is vaughn hillyard, and russ buettner as well. as i mentioned, michael cohen at the center of this thing, he was asked a little bit earlier today about his reaction to the reporting coming out of "the new york times" and now our own reporting as well. what did cohen have to say? >> right, he is the key witness in all of this here, and today's meeting with the district attorney's prosecutors in lower manhattan was his notably 20th such meeting. he has not appeared before the grand jury to provide testimony

at this point, but we are told he is expected to do so here this next week, and michael cohen, you'll recall in 2018, he pled guilty to multiple charges involving crimes not related to this particular hush money payment to stormy daniels, but is part of the guilty plea that did include him acknowledging at the time, he said at the direction of donald trump that he took the $130,000 from donald trump, and provided it to stormy daniels in the weeks before the 2016 election, in order to silence her story, her claim that she had had sex with donald trump. now, i want to let you hear from michael cohen, because, again, he's become this key witness, and he has flipped on donald trump. take a listen to him earlier today. >> i have to applaud district attorney bragg for giving donald the opportunity to come and to tell his story. knowing donald as well as i do, understand that he doesn't tell the truth. it's one thing to turn around and to lie on your untruth

social, it's another thing to turn around and lie before a grand jury. i don't suspect that he's going to be coming. >> reporter: now, two key difficulties in all of this is the fact that michael cohen has a questionable reputation. he was a liar, whether he could be a witness to bring before a jury, and then the second part of this here is when you are talking about the potential evidence that were to be brought forward before this grand jury, you're dealing with donald trump who has not only denied having sex with stormy daniels but making the defense that this was not an illegal in-kind contribution but an effort to silence a defamatory accusation against him. >> i think we thought that the decision was going to come from the fulton county d.a. on their charging decisions. instead it seems like we're going to be hearing from this

new york case first and foremost, and i know that you think this case has some weak spots to it. talk us through that. >> well, i think vaughn had a good explanation of that. michael cohen has proven to be a liar in a lot of cases, and his reputation and history in that regard will no doubt open the doors to donald trump's attorneys. if he's the only witness that heard his motivation for t that's a big weak spot in the case. the other one is the novel theory that somehow this payment can be seen as a campaign contribution, that should have been reported. that's how you get from a misdemeanor in this case to a felony. low grade felony, but a felony nonetheless. you would have to show that this benefitted his campaign. he did it for that purpose and he should have reported it as

such on his campaign finance disclosures, if you will. that didn't happen. the novelist of that idea, and the impeachability of michael cohen the are the two big achilles heels in this case. >> we're going to get into a little bit more of that with a former assistant d.a. we'll drill down on that specific point that you just made there, russ. talk to me, full. -- if you will. you know a lot of folks testified before the grand jury. david pecker, former chief executive of the "national enquirer." he gave testimony to the grand jury as well. what could he have possibly offered here that would land the former president in hot water? >> a huge part of this is going to prove his intent. he had to have a criminal intelligent to cover this up and to not report it on his campaign finance forms, so david pecker had conversations ostensibly with donald trump about this case, about a prior case in which david pecker paid a model,

a playboy model, in order to buy her story. it's called catch and kill, to basically buy the story and never publish it. that would go to donald trump's sort of mindset in trying to keep these things from becoming public. and that could really be persuasive to a jury if he's got his friends, david pecker and donald trump were friends, and acquaintances for a long time, saying he cared about this, and wanted to cover it up. david pecker could have said that to other people who may have come before the grand jury as well. there's a huge amount we don't know here that could really be persuasive to the jury, and potentially cause, you know, some political problems for donald trump as well. >> i know that you were at cpac covering that for us. the former president was asked directly what he would do if, in fact, he faced criminal charges here, and he said he wasn't going to step down. in fact, he went so far as to say it's probably going to enhance my numbers. quote unquote.

you were at cpac, you talked to a lot of folks there on the ground about their support for the former president, is he right? >> look, among the republican base of support that largely he's going to rely on to win the 2024 nomination, he's not wrong, and go back to, you remember the first impeachment proceedings in which he was ultimately the senate declined to convict him. and he was at the white house holding the newspaper up and claiming that he was exonerated and that he was validated and this was all part of a scheme by a deep state, department of justice to undermine his political ambitions, but not only his political ambitions, the maga movement in his words, and he has every intention of doing that again. instead of running from the investigations into him from fulton county to the department of justice's inquiry and the efforts to overturn the 2020

election to letitia james' case against him and his family business to this case, potential case about the hush money payments. he has openly talked about it on the campaign stage, there at cpac, and used it as a wedge between him and other candidates. ron desantis has not had to face this sort of -- these sort of inquiries, but he makes a case to his republican base he is the best positioned because he was the one that was his key focus. to his point, he says, look, the best chance they have had to get me is going back all the way to the hush money payment back in 2016. >> russ, you think there could be political implications to all of this, if, in fact, the former president is criminally charged. >> i don't think you're going to hear that at cpac, those are the true believers there. donald trump has never won a general election, never won the popular vote in a general election. you're not talking about a case moving 10 or 20% of the voting

populous against them, but a shift of 1 or 2% of people who are just sick of hearing about this sort of stuff, sick of hearing him say he's persecuted while things are proven in court. that could persuade some people to look elsewhere, even if they never fully denounce him in a significant way. >> russ buettner, we thank you. vaughn hillyard, my friend, thank you as well. i want to bring in now as i mentioned earlier, former district attorney for manhattan and professor at new york law school, rebecca roife. thank you for joining us. we got into this with russ. i want to drinking down on it more. kind of the difficulties of this case. how it's a little bit more convoluted than we think. and i want to read a quote from the "new york times," and i want you to pull on that thread and explain to us really why these kind of obstacles get in the way. the case against the former president hinges on an untested and therefore a risky legal theory involving a complex interplay of laws, all amounting to a low level felony.

if mr. trump were ultimately convicted, he would face a maximum sentence of four years, though prison time would not be mandatory. walk us through, if you would, some of those complications "the new york times" is referring to. >> sure. absolutely. so it's a misdemeanor to lie on your business records, and, you know, that's a very low level crime. in order for them to charge the felony, which as "the new york times" accurately reported, it's the lowest level felony, but it's still a felony, and that's a significant crime. you have to also prove that you lied on your business records, either to commit some other crime or to cover up some other crime, and so that's the difficulty. what crime can they show that donald trump was either committing or covering up by casting these hush money payments as legal fees to michael cohen, and the answer to that very well may be that it's a violation of new york election

law, and that is a possible theory, but, again, as russ stated, that's a theory that hasn't fully been tested. you know, i will say one thing, which is the new york district attorney's office in manhattan has a history of, you know, using that particular statute, and using it in a kind of aggressive way sometimes when the federal government doesn't. and so, you know, it isn't exactly untesed in that way. it's the specifics that haven't been tested. >> we talked the four investigations that are currently ongoing, and that is if you are going to choose to charge the former president of the united states, you better make darn well sure you're going to win that case. so there must be an assumption, especially inside the legal community, that d.a. bragg has a pretty strong case here, if, in fact, he decides to move forward with that. >> i think so, and especially his track record here, you know, he was highly criticized for not pursuing that case about the

assets and the exaggeration of assets in order to defraud insurance agencies, banks, and other regulators. but he did charge the case against weisselberg and the trump organization for those tax crimes. and again, while those are not the most significant crimes, that case was pretty rock solid. it would surprise me, i mean, you know, not shock me but it would surprise me if he were going forward with this case on shaky ground. i think we really do have to wait and see what the evidence is. >> you have gone so far to say if the falsification of business records is a lowest level felony in the state of new york, that could make it easier for donald trump to claim this is a witch hunt. why do you think that is? >> so, you know, here's the thing. we don't -- in our system, we prosecute crimes, we don't prosecute people, and prosecutors have a huge amount of discretion for what charges

to bring, and so, you know, i mean, as i said, that is a statute that is used quite frequently. one could say, you know, that lots of people, and perhaps even, you know, many to most business people at some point in their lives have falsified some form, and so by pursuing donald trump, it looks as if the manhattan d.a., and again, i'm not suggesting that he's doing this, but it looks as if, or at least opens him up to the allegations that what he's doing is pursuing donald trump instead of enforcing the laws as he should be. i just think given the tenor of the former president's attacks on the criminal justice system that's, you know, not only a possibility but almost a sure thing, and so, you know, it is -- it is a question as to, you know, the level of charges that he's bringing as well as the strength of the evidence that he has against him. >> rebecca roiphe, thank you. we have an update on senator

mitch mcconnell after he was hospitalized for a fall on wednesday, according to a long time political adviser who spoke with nbc news. the senator is quote doing well, and is eager to return to work. he's being treated for a concussion. but according to holmes, he is peppering staff with questions from his hospital room. still ahead, everybody. after a very short break, we are live in iowa where florida governor ron desantis is testing the presidential waters. what his message was to the republican party as the 2024 race begins to take shape. plus, george santos facing brand new allegations. what his former roommate told the fbi at the role he played in a credit card skimming operation. and china playing peacemaker between two nations that were at odds for seven years. what that means for the united states standing on the world stage. we are back in 60 seconds. stage. we are back in 60 seconds. hey, thanks for helping me out. of course. you can easily get helpful customer service over the phone or on the progressive app pretty much anywhere. like at the coffee shop, at the park,

or on the moon. just kidding. it's another coffee shop. introducing astepro allergy. or on the moon. now available without a prescription. astepro is the first and only 24-hour steroid-free spray. while flonase takes hours, astepro starts working in 30 minutes. so you can [ spray, spray ] astepro and go. next on behind the series... that run with the champ was magical. i mean the tender chicken, the peppercorn ranch... i love my rings but i'll cherish that lunch... forever. the subway series. the greatest menu of all time. ♪♪ inner voice (kombucha brewer): if i just stare at these payroll forms... my business' payroll taxes will calculate themselves. right? uhh...nope. intuit quickbooks helps you manage your payroll taxes, cheers! with 100% accurate tax calculations guaranteed. welcome back, everybody.

florida governor ron desantis on the road in iowa to promote his new book, and it appears to test a possible presidential run. two sources telling "the washington post" today that desantis has privately indicated that he does intend to run for president even if he won't say publicly, and if he's waiting for signs that the ground is softening for his candidacy, he might find them in iowa. president trump's support, while still strong has slipped t falling eleven points since september of 2021. joining me now is nbc news correspondent dasha burns on the go in iowa, and nbc digital national politics reporter jonathan allen. you got to love the seat belt look, dasha burns. thanks for joining us. give us a sense of what you're hearing on the ground there, right, as you're making your way across the state from one event to another, the potential for a desantis run amidst his book tour. how are folks reacting and

what's he saying, what's the case he's make something. >> i got to tell you. driving across the state, chasing big names, it really does feel like we are in a presidential election cycle. sort of the unofficial kickoff of iowa caucus season, even though we are months away from that. yeah, we left davenport which was the site of desantis's iowa debut. he was received by a packed house a very enthusiastic crowd of 700 plus attendees according to his staff and to our rough head count there. he has not announced, as you mentioned, the stop is part of his book tour, which is largely a play book of florida policies that he's been using to deliver his message. a big part of his speech today, which was a very stump style speech, by the way, was talking about his covid policies in florida. really criticizing the federal

response at one point saying we were right, they were wrong, getting a standing ovation for that. he got at least five standing ovations by our count. this is a huge test for desantis. this is the first time that we're seeing him try to appeal to voters outside of his home state of florida, and the iowa caucus this time around could be more important than ever, considering how big of a field on the gop side we're expecting here to play a really big role in knowing that field and the voters here, look, they really value retail style politics. they want the handshakes, they want the direct answers. they want to feel like they're connecting with these, you know, potential presidential hopefuls, the folks that we talked to in davenport told us they were impressed with desantis, excited to see him throw his hat in the ring. they're going to go to all of

the efferents of all the folks in iowa before they make their decision. >> jonathan allen, the overarching question is when is he actually going to announce? he's crossing the state saying this is what i did in florida, here's what i wrote in my book. here's how i can apply it to the united states and the policies of the united states government as, you know, possible leader. what is taking him so long? >> you know, we don't know -- launched the stump speech today to find out he's running for president. in answer to your question about the formality, we're expecting he won't make an announcement until after florida's legislative session is done, perhaps as early as june. might wait as long as august, but all signs are a go for ron desantis. i associate myself with everything our friend dasha just said about event this morning. there's going to be another one in des moines in a couple of

hours. this is somebody who's running for president right now. >> i found it interesting when vaughn was at cpac, through and through they were trump devotees to the very end. it was obvious because donald trump was kind of the headline speaker that saturday evening, but there were folks, right, that were willing to consider and/or say, maybe trump's time was passed. ron desantis, was that or is that surprising to you at all? >> i'm not surprised by that. donald trump lost the last election. if you're a republican primary voter, you've got to be considering that in one of the factors as who you're looking at for the next nominee. you may by looking at it, even though he lost last time, he would be a better candidate against joe biden or another candidate. the voters at davenport, self-selective in people who were open to hearing them.

a lot said they were trump fans, willing to listen to what desantis has to say and have not made up their minds yet. >> trump is going to be in iowa. he didn't name desantis. he certainly didn't have a nickname at cpac. considering what we're hearing from desantis today. what are our expectations for the former president come monday? >> yeah, i actually talked to a trump adviser who gave a bit of a prebuttal to desantis's stop here in a predeal, what we should expect from trump when he makes his stop on monday. expect to hear trump talk a lot about the policy areas where he sees a big difference between himself and his would be opponent. areas like ethanol, which is a huge issue for iowans here, issues like social security and medicare. this is a state that has an older population, so that's something that trump will really be focusing on. the adviser says he doesn't expect trump to directly attack

desantis, but of course we know the former president can go off script. he has been targeting him on social media using those nicknames that we now know, ron desanctimonious, meat ball ron. >> dasha burns, give a shout out to my favorite producer, and expert drive, kye, love her to death. >> she's putting the pedal to the metal. >> getting you across the state safely. dasha burns, thank you. all right, everybody, the house has passed a measure to declassify intelligence on the origins of covid, and it's now on his its way to president biden's desk. the bill that would require the director of national intelligence to declassify information on the origins of covid, passed unanimously with 16 members not voting. it passed the senate through unanimous consent last week. nbc news has not learned if

president biden intends to sign the measure as well. coming up, china brokers a deal to restore relations between saudi arabia and iran. what the move means for the west. up first, a former roommate of george santos was convicted in a credit card scheme. now he's claiming the congressman was the master mind. what prompted him to speak up after all of these years? we'll be right back. every piece of cargo is. and where it's going. (dock worker) right on time. (vo) robots can predict breakdowns and order their own replacement parts. (foreman) nice work. (vo) and retailers can get ahead of the fashion trend of the day with a new line tomorrow. with a verizon private 5g network, you can get more agility and security. giving you more control of your business. we call this enterprise intelligence. from the network america relies on. there's a different way to treat hiv. it's every-other-month, injectable cabenuva. for adults who are undetectable, cabenuva is the only complete, long-acting hiv treatment you can get every other month.

cabenuva helps keep me undetectable. it's two injections, given by my healthcare provider, every other month. it's one less thing to think about while traveling. hiv pills aren't on my mind. a quick change in my plans is no big deal. don't receive cabenuva if you're allergic to its ingredients or taking certain medicines, which may interact with cabenuva. serious side effects include allergic reactions post-injection reactions, liver problems, and depression. if you have a rash and other allergic reaction symptoms, stop cabenuva and get medical help right away. tell your doctor if you have liver problems or mental health concerns, and if you are pregnant, breastfeeding, or considering pregnancy. some of the most common side effects include injection-site reactions, fever, and tiredness. if you switch to cabenuva, attend all treatment appointments. every other month, and i'm good to go. ask your doctor about every-other-month cabenuva. we must finally hold social media companies accountable. it's time to pass bipartisan legislation to stop big tech from collecting personal data on our kids

and teenagers online. ban targeted advertising to children. having diabetes can raise a lot of questions. like my morning ride, will it help lower my glucose? with the freestyle libre 2 system, you can know where your glucose level is and where it's headed without fingersticks. know what activities work for you. manage your diabetes with more confidence and lower your a1c. ask your doctor about the freestyle libre 2 system. it's covered by medicare for those who qualify. visit freestylelibre.us/medicare to learn more. ♪♪ next on behind the series... that performance was legendary. they just piled it on. roast beef, ham, oven roasted turkey. all on the subway club. three peat - that's great. three meat - that's epic. the subway series. the greatest menu of all time.

bridgett is here. three peat - that's great. she has no clue that i'm here. she has no clue who's in the helmet. are you ready? -i'm ready! alright. xfinity rewards creates experiences big and small, and once-in-a-lifetime.

. welcome back, everybody.

congressman george santos now facing yet another accusation. this time by his former roommate who was convicted in an atm fraud scheme five years ago in seattle. "politico" is reporting that the former roommate wrote a letter to the fbi this week claiming that congressman santos was the master mind behind the whole thing. he says that not only did santos give him all the materials that he needed to run the scheme, santos taught him how to pull it off the republican congressman has denied these accusations. joining me now is nbc news capitol hill correspondent ryan nobles. good to talk to you on this. i guess i'm wondering why now from this roommate, right, and how this really kind of stacks up against some of the other investigations that are ongoing when it comes to congressman santos? >> according to the "politico" article, and they did have a chance to talk to the former roommate who's making this claim, and sent this information to the fbi and other agencies, he claims that he decided to

reach out to these agencies after he saw george santos on television, after being elected to congress. he was upset that this yielded a criminal conviction for him, and not santos, and he wanted to make it clear he thought santos was an equal partner in all of this. this was an investigation that happened five years ago, and how it stacks up with the other investigations is not all that clear because investigators have had the opportunity to look into the role that santos played. we talked to him about it earlier today, and this is how the congressman responded. >> i did exactly as i was instructed at the time by law enforcement. i'm innocent. never did anything of criminal activity, and i'm no master mind of anything. >> reporter: and so what's interesting about this is that santos claims he was a criminal informant, he was helping the government try and catch the people responsible for this. but then i specifically asked him have you now been told that you're clear of any charges as it relates to this

investigation, and he specifically said no. i've been given no guarantees. he said he's been in touch with law enforcement, and that he eventually believes that he will be cleared of any wrong doing. >> ryan, i also know that santos was rejected from cosponsoring a bill that was actually made against him. and i want to read for folks what he said about it, because i think it's just so great. he says, i think it's a great bill that keeps government accountable, and i think the american people are sick and tired of seeing politicians coming here to enrich themselves. i ran on that platform, so i think it was a good fit of a bill. i think he takes it serious and allows me to come on. what more do you know about this? >> yeah, this is one of his fellow long island congressmen who has established this bill many of which the parameters are specifically aimed at preventing someone like george santosing from -- santos from being elected to congress, and there are consequences for someone who

runs on a platform based on a lot of inaccurate facts or outright lies, and so it is a bit ironic that santos is signing on board or would like to cosponsor the legislation, almost as a way to say that i'm not guilty of anything, i don't know why you're coming at me. but, you know, at the end of the day, this is a bit of a pr stunt back and forth between both sides, but i think more than anything, what it shows is how uncomfortable many of his fellow republicans in congress from new york are about serving in the same congress with george santos. many of them are a big part of the reason that republicans were able to hold on or maintain and take back the majority in the congress. they would like to actually do something, and i think they feel there's a big distraction with santos still here in the congress, and they'd like to see them out of office. it's obviously going to take some time before any real level of adjudication can happen as it relates to the santos scandal.

>> ryan nobles, thank you, good to talk to you. let's go overseas, protesters in israel are calling for new demonstrations over the weekend in front of the homes of the right wing ministers. this is all coming after the israeli president directly criticized the prime minister saying that netanyahu's system to overhaul the system is oppressive. raf sanchez has more. >> reporter: israeli forces are on high alert going into the shabbat weekend following yesterday's terror attack in tel aviv. a hamas gunman opening fire on a busy street, according to israeli police, wounding three civilians. all of them still in hospital, one with critical, potentially life threatening injuries according to israeli medical personnel. the hamas movement, the militant group which controls the gaza strip has claimed responsibility for this attack, and said it was in response to israeli

incursions into the occupied west bank. it came a couple of hours after israeli special forces killed three members of the palestinian islamic jihad movement in the northern west bank, and comes during a period of escalated violence. we're two months into 2023, but we are already seeing some of the worst bloodshed in israeli and the occupied west bank that we have seen since the early 2000s. the shooting attack in tel aviv coming just a couple of hours after u.s. defense secretary lloyd austin made a brief visit to israel. he reiterated american support for israel's security, but he also called on israeli's new right wing government to scale back inflammatory measures including rhetoric by some far right ministers talking about wiping out palestinian villages. he also called on israel to do more to rein in attacks by

israeli settlers against palestinians. we were in the northern west bank earlier this week. we met a palestinian family. their car had been attacked by an ax wielding settler. this family telling us they had very little hope that the settler would be held accountable for his actions. >> raf sanchez, thank you. chinese president xi jinping is on track to stay in power for life after a unanimous vote by china's congress, a formality that ushered in his third term as president. a two-term limit, which fueled speculation that xi may rule indefinitely. also today, china facilitated a deal to restore ties between rivals iran and saudi arabia. to boost china's efforts to compete with the united states as a global power broker. more on this from hong kong is nbc news correspondent josh lederman. >> reporter: this breakthrough has a chance to be

transformative. while there were previous talks in oman and iraq between the iranians and saudis to normalize relations, there were no indications they were getting this close to be able to announce a deal. and in the coming two months, we expect iran and saudi arabia to reopen embassies in each other's capitals. we also expect them to relaunch a defunct security partnership, but this deal brokered by the chinese really has other implications that have yet to be seen, and the fallout from this is going to take days to start to understand what it means, for example, for the war in yemen, which has largely been a proxy battle in recent years between the iranians and saudis, or what it means for global concerns about iran's nuclear program or for israel. as you know, saudi arabia and israel have both considered iran to be their enemy, but israel has also been trying very hard recently to normalize its own relations with saudi arabia. so the fact that saudi arabia is

now growing closer iran could r pose problems for israel's relations with countries in the persian gulf like saudi arabia. >> thank you, josh lederman, for that. a better than expected jobs report and the second largest bank failure in history, how markets are reacting and what it all signals about the u.s. economy. up first, live to california where more than 38 million are facing the extreme risk of potentially deadly and damaging flash floods. we'll be right back. damaging flash floods we'll be right back. can easily t helpful customer service over the phone or on the progressive app pretty much anywhere. like at the coffee shop, at the park, or on the moon. just kidding. it's another coffee shop. my moderate to severe plaque psoriasis... ...the burning, the itching. the stinging. my skin was no longer mine. emerge tremfyant®. with tremfya®, most people saw 90% clearer skin at 16 weeks.

the majority of people saw 90% clearer skin even at 5 years. tremfya® is the first medication of its kind also approved for adults with active psoriatic arthritis... ...and it's 6 doses a year after 2 starter doses. serious allergic reactions may occur. tremfya® may increase your risk of infections and lower your ability to fight them. tell your doctor if you have an infection or symptoms or if you had a vaccine or plan to. emerge tremfyant®. with tremfya®... ask your doctor about tremfya® today. think he's posting about all that ancient roman coinage? no. he's making real-time money moves with merrill. so no matter what the market's doing, he's ready. and that's... how you collect coins. your money never stops working for you with merrill, a bank of america company.

when it comes to reducing sugar in your family's diet, the more choices, the better. that's why america's beverage companies are working together to deliver more great tasting options with less sugar or no sugar at all. in fact, today, nearly 60% of beverages sold contain zero sugar. different sizes? check. clear calorie labels? just check. with so many options, it's easier than ever to find the balance that's right for you. more choices. less sugar. balanceus.org

a lot of new dry eye patients in my office tell me about their frequent dry eyes, which may point to dry eye disease. millions of americans were estimated to have it. they also tell me they've tried artificial tears again and again, but the relief is temporary. xiidra can provide lasting relief. xiidra treats the signs and symptoms of dry eye disease. don't use if allergic to xiidra. common side effects include eye irritation, discomfort or blurred vision when applied and unusual taste sensation. why wait? ask your eye doctor about a 90-day prescription for xiidra today. ♪♪ alex! mateo, hey how's business? great. you know that loan has really worked wonders. that's what u.s. bank is for. and you're growing in california? -yup, socal, norcal... -monterey? -all day. -a branch in ventura? that's for sure-ah. atms in fresno? fres-yes. encinitas? yes, indeed-us. anaheim? big time. more guacamole? i'm on a roll-ay. how about you? i'm just visiting. u.s. bank. ranked #1 in customer satisfaction with

retail banking in california by j.d. power. so... i know you and george were struggling ranked #1 in customer satisfaction with with the possibility of having to move. how's that going? we found a way to make bathing safer with a kohler walk-in bath. a kohler walk-in bath provides a secure, spa-like bathing experience in the comfort of your own home. a kohler walk-in bath has one of the lowest step-ins of any walk-in bath for easy entry and exit. it features textured surfaces, convenient handrails for more stability, and a wide door for easier mobility. kohler® walk-in baths include two hydrotherapies— whirlpool jets and our patented bubblemassage™ to help soothe sore muscles in your feet, legs, and back. a kohler-certified installer will install everything quickly and conveniently in as little as a day. they made us feel completely comfortable in our home. and, yes, it's affordable. i wish we would have looked into it sooner. think i might look into one myself. stay in the home and life you've built for years to come. call... to receive $1000 off your kohler® walk-in bath. and take advantage of our

low monthly payment financing. welcome back, everybody. a rare warning for a high risk of flash flooding has been issued for dozens of counties across california as another atmospheric river hammers the west coast. in the north, more snow will be dumped on areas still digging out from last week's storm with higher elevations expecting up to 8 feet of snow through saturday, and then along the central coast, more than 16 million people are under flood watch alerts as rivers and reservoirs are overflowing. joining me from california is nbc news correspondent jacob ward. quite a scene behind you, jacob, to say the at least. california has been hit over and over again the last few weeks. folks really struggling there. how are things going right now? >> reporter: the scene you're seeing behind me has been

amazing to watch over the course of the last few hours. this is so so cal, california, near santa cruz. what you're look at, believe it or not, is the main street. it is main street so cal, california, and as of last night, residents here say they heard the distinct sound of this road being ripped away by the flood waters. >> wow. >> reporter: at this hour, the people you see on the far side there are, in fact, stranded. they cannot drive a vehicle in and out of their neighborhood. they, instead, have to walk along the river bank and cross a small foot bridge in order to get groceries or anything else to eat. that means there's no access for an ambulance. there's no access for a fire truck, and so what we're seeing here is work crews essentially improvising a road. they are basically dumping debris into the breach, and trying to create something that a truck can drive across. this is the fifth large ets -- largest economy in the world, and to see mother nature taefrg

tearing away. that's the problem here. you multiply by 21 counties, you have a picture of how bad the situation is here. we're at sea level. temperatures are fairly comfortable and the biggest problem is flash flooding. once you get up above into the higher elevations, then you have snow melting away suddenly. that's where a lot of flash flood warnings are coming from. as rain hits snow that's already on top of structures, it becomes much much heavier, and becomes a structural danger. and so at this hour, this is why we're seeing 16 million people under this flash flood warning. it's why the federal government is now stepping in to help with this state of emergency. it is really a lot of damage coming at california very very quickly, and this storm is not over. >> unbelievable developing weather situation there. jacob ward, thank you. up next, everybody. it has the biggest u.s. bank collapse since the 2008 financial crisis. could it trigger a wider meltdown? we'll be right back. trigger a r meltdown

we'll be right back. a ballet studio, an architecture firm... and homemade barbeque sauce. they're called 'small businesses.' but to the people who build them there's nothing 'small' about them. that's why at t-mobile for business... you'll save more than $1,000 versus verizon. and with price lock guarantee, we'll never raise your rate plan. so you can keep your focus on toe-turns and making sure the sauce is extra spicy. at t-mobile, there are no small businesses. ♪♪

i think i changed my mind about these glasses. at t-mobile, there are no small businesses. yeah, it happens. that's why visionworks gives you 100 days to change your mind. it's simple. anything else i can help you with? like what? visionworks. see the difference. (vo) sail through the heart of historic cities and unforgettable scenery with viking. unpack once and get closer to iconic landmarks, local life and cultural treasures. because when you experience europe on a viking longship, you'll spend less time getting there and more time being there. viking. exploring the world in comfort. (vo) if you've had thyroid eye disease for years and things are a no-go because you keep seeing double, it's not too late for another treatment option. to learn more visit treatted.com that's treatt-e-d.com. subway keeps upping their game with the subway series.

an all-star menu of delicious subs. there's the philly, the monster, the boss. if i hadn't seen it in person, i wouldn't have believed it. eating is believing steph. the subway series. try subway's tastiest menu upgrade yet. ♪ ♪ why are there two extra seats? the subway series. are we getting a dog? a great dane? two great danes?! i know. giant uncle dane and his giant beard. maybe a dragon? no, dragons are boring. twin sisters! and one is a robot and one is a knight. and i'll be on the side of... the octopus. rawr!!! the volkswagen atlas. more room for possibilities. ♪ i gotta good feeling about this, yeah ♪ ♪ i'm with it ♪ ♪ i gotta good feeling about this ♪ ♪ yeah, ♪ ♪ so let's get it ♪ ♪ i'm feeling good vibes ♪

all right. welcome back, everybody. the big economic headline coming into today was supposed to be the job numbers released this morning, and it was significant, 311,000 jobs added just last month, but perhaps the bigger news today and what has caused the markets to tumble, the second largest bank failure in u.s. history. silicon valley bank, shutting down. you may not have heard of it, but it's a really big deal.

joining me now is nbc news senior business analyst and host of the 11th hour on msnbc, stephanie ruhle, and coceo of contrast partners as well. yesterday it was silvergate bank. today it's silicon valley bank. why is this such a big deal? >> this is all about concentrations. silvergate being a bank almost strictly in crypto, and what we're seeing today, svb, basically silicon valley bank was the preeminent lender to start ups out there. go back in time a little bit, remember, during covid, we saw this huge push into start-ups, so deposits in svb exploded over the last few years. now, what did they do with some of some of the cash they had? they invested it in mortgage backed securities. and that is when rates were really low. since then the feds raised rates. and if rates go up, prices go

down. so a big negative. and at the same time the bank said that we'll go out and raise some capital. that spooked the market, caused all sorts of depositors to pull their money. lo and behold in the last 36 hours the bank has gone kaput after the market was spooked and now the fdic has taken over. >> so ron, last year it was valued at around $40 billion. now they are shut down, now under control of the fdic and the lot of folks are wondering what comes next. what other small lenders could feasibly be at risk? and what does that mean for all of us, folks that have mortgages with some of the small lenders? >> well, if you have a mortgage and they went under, you'd actually get a break because you wouldn't have to pay them at least for the interim. but that is not the way the banking system works. what you really have to take a look at is a couple different things. are there other small regional banks that as stephanie

suggested have concentrated exposures to specific industries, small startup companies and the like. and did they take deposits and long term treasuries so they have a mismatch on their books between assets and their liabilities. and like silicon valley bank end up in receiver ship. we don't know. the bigger question is, can it bleed over to the financial system at large. probably not, but we don't know the answer to that. and if the answer is yes, the federal reserve would have to do something about it either not raising rates again or maybe cutting them if there were systemic problem in the economy. >> so i want you to pull on this thread for a moment. if you are jerome powell and deciding whether to increase interest rates. you are seeing some of it work. the economy is slowing in some

respects. but it is also contributing to these bank shutdowns. so now what? >> again, the question is, is it a him is systemic financial risk. can the entire system be brought down.is systemic financial risk. can the entire system be brought down. if the answer is yes, historically they have started cutting rates. and we've had strong economic data which would lead us to believe that the fed will raise rates by a quarter point. everything depends on how it shakes out. and the companies banking with silicon valley also have payroll that they may not be able to neat in the next week because they have been shut down. there are a lot of deposits.neat in the next week because they have been shut down. there are a lot of deposits. so this story is far from over. >> this is a tricky thing to watch because ultimately to a certain extent if you don't want a recession to happen, to a

certain extent you wonder should we be rooting for folks to lose their jobs, for unemployment to go up, for less jobs to be created? i want to play for you some sound and we'll talk on the other side. >> if you could speak directly to the 2 million hard working people who have decent jobs today, who you are planning to get fired over the next year, what would you say to them, how would you explain your view that they need to lose their jobs? >> i would explain to people more broadly that inflation is extremely high and it is hurting the working people of this country badly, all of them, not just 2 million, but all of them are suffering under high inflation and we are taking the only measures we have to bring inflation down. >> and putting 2 million people out of work is just the cost? >> will working people be better

off if we just walk away from our jobs and inflation remains 5%, 6%? >> and that is the tricky situation. and we know folks losing their jobs is not the people with savings or making a ton of money. >> would you like to know why ron is smiling right now? he doesn't want to answer that question and neither do i. here is the thing. on a micro level, jerome powell is not going to look any person in the face and say yes, you hard working american, you deserve to lose your job. and elizabeth warren knows that. however, it is a balancing act. and he is not saying, yay, let's have people lose their jobs. but when unemployment is this low, we've got some room. right? we've got some cushion. our economy in total can afford to have unemployment go up a little bit. and if that is the cost of keeping overall prices on basically all the goods and services we pay for, if that is the cost of getting those things

to go down, that is how the economy has to work. sorry, it is not perfect. >> i knew you could handle it. >> ron, would you disagree? >> i would say that in this environment where inflation is this high and the fed has a mandate to sustain maximum employment but also keep prices stable in this environment at silicon valley bank, this is not above fraud of current policy because they believe in order to get inflation down, they have to push the unemployment rate up. and again, they would never look at an individual and say too bad you lost your job, but they are doing this in the aggregate, they are not doing it at the individual level even though that is ultimately what the cost is. >> ron, thank you. steph, you can catch her at 11:00 p.m. thank you both. and that is it for me. "deadline: white house" is next. "deadline: white house" is next. ♪ so let's get it ♪

♪ i'm feeling good vibes ♪ (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. inner voice: (kombucha brewer): when i started my new kombucha business... ... i thought there would be a lot more kombucha... ...and a lot less business. inner voice (graphic designer): as a new small business owner... ...i've learned that trying to be the “cool” boss... ...is a lot harder when you're actually the “stressed” boss. inner voice (furniture maker): i know everything about my new furniture business. well, everything except... ...the whole “business” part. not anymore. with quickbooks, you can confidently manage your business. new business? no problem. yeah. success starts with intuit quickbooks. moderate-to-severe eczema. it doesn't care if you have a date,... ...a day off,... ...or a double shift.

make your move and get out in front of eczema... with steroid-free cibinqo. not an injection,... cibinqo is a once-daily pill for those who didn't respond to past treatments. and it's proven to help provide clearer skin and relieve itch fast. cibinqo continuously treats eczema whether you're flaring or not. cibinqo can lower your ability to fight infections, including tb. before and during treatment, your doctor should check for infections and do blood tests. tell your doctor if you've had hepatitis b or c, have flu-like symptoms, or are prone to infections. do not take with medicines that prevent blood clots. serious, sometimes fatal infections, lymphoma, lung, skin and other cancers, serious heart-related events, and blood clots can happen. people 50 and older with heart disease risk factors have an increased risk of serious heart-related events or death with jak inhibitors. it's time to get out in front of eczema. ask your doctor about once-daily cibinqo. ubrelvy helps u fight migraine attacks. u put it all on the line. u do it all. so u bring ubrelvy.

it can quickly stop migraine in its tracks within 2 hours... without worrying if it's too late or where you are. unlike older medicines, ubrelvy is a pill that directly blocks a protein believed to be a cause of migraine. do not take with strong cyp3a4 inhibitors. most common side effects were nausea and tiredness. migraine pain relief starts with u. learn how abbvie can help you save. ask about ubrelvy, the anytime, anywhere migraine medicine. (vo) with their verizon private 5g network, associated british portsy, can now the anytime, 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. dry skin is sensitive skin, too. and it's natural. treat it that way with aveeno® daily moisture. formulated with nourishing, prebiotic oat. it's clinically proven to moisturize dry skin for 24 hours. aveeno® hi, i'm jason and i've lost 202 pounds on golo. so the first time i ever seen a golo advertisement, for 24 hours. i said, "yeah, whatever. there's no way this works like this."

and threw it to the side. a couple weeks later, i seen it again after getting not so pleasant news from my physician. i was 424 pounds, and my doctor was recommending weight loss surgery. to avoid the surgery, i had to make a change. so i decided to go with golo and it's changed my life. when i first started golo and taking release, my cravings, they went away. and i was so surprised. you feel that your body is working and functioning the way it should be and you feel energized. golo has improved my life in so many ways. i'm able to stand and actually make dinner. i'm able to clean my house. i'm able to do just simple tasks that a lot of people call simple, but when you're extremely heavy they're not so simple. golo is real and when you take release and follow the plan, it works.