latest. reporter: in what would be an historic case, the manhattan district attorney closer to bringing criminal charges against former president donald trump in a long-running investigation. we will look at the facts and the law and let the investigation and justice and what justice requires will dictate how much time we take. reporter: prosecutors are giving trump the chance to testify before a grand jury investigating his alleged role in that $130,000 hush money payout to adult film star stormy daniels days before the 2016 election to cover up their alleged affair a decade early. since potential defendants are required by law to appear in front of a grand jury, it indicates a decision on whether to charge trump could come soon. it s one thing to lie on your untruth social. it s another to lie before a grand jury. i don t suspect that he is going to be coming. reporter: his former attorney, michael cohen, meeting with prosecutors friday. he was sentenced to three
in the key 2024 battle ground state of iowa. he has an event soon putting his presidential ambitions very much in the spotlight just days before donald trump campaigns in the state. this as trump has been invited to appear before a grand jury investigating his alleged role in covering up hush money payments to adult film star stormy daniels. the move signaling a decision whether to charge trump may happen soon. welcome to our viewers here in the united states and around the world. i m wolf f bblitzer. you re the situation room. we begin with a historic collapse of a california bank. u.s. stock prices sliding amid questions about whether this is an isolated case or a sign of things to come. cnn s chief white house correspondent phil mattingly is following the story for us along with mark and our own matt edgen matt, first to you, how serious is this bank collapse? reporter: stunning collapse. silicon valley bank may not be a household name but it has more than $200 bil