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pay a roll is the silicon valley bank collapse. this hour, everything that you need to know. forget frenemies, president trump is acting as if governor desantis is his biggest rival, and the new nickname that trump is using on the trail for desantis and the regret he says that he now has. >> and a powerful nor'easter is hitting hundreds of thousands of people with heavy snow and wind as heavy as 60 miles per hour slamming the northeast and you can see it churning there and a lot to get to this hour, and a lot to begin with the latest on the response to the banking fears. >> cnn bus...

like a freight train. we're seeing record-breaking and terrifying storm surges throughout florida and ft. myers, the water is so high pickup trucks are almost completely submerged. water levels have risen more than 6 feet in the last switch ho -- seven hours. let's get to tom sater in the cnn weather center. an updated forecast should come any minute now. what should we expect? >> it was just handed to me. forgive me for reading off. we still have a category 4 hurricane and five miles east of punta gorda. it will stay at hurricane strength through orlando. this will rake the entire p...

years, marking the central bank's most aggressive move yet to bring down the soaring costs of food and gas and almost everything else. inflation is not easy. just days ago we learned it's at the highest level since 1981. the fed released a darkening forecast projecting more inflation and higher unemployment. joining me now matt egan. we heard from the fed chairman. he signalled more rate hikes. what did you learn? >> reporter: well, victor, clearly inflation is on fire. today the federal reserve officially called in help for some reinforcements. taking aggressive steps to raise inter...

journalist. and elon musk sends twitter stock into a frenzy regarding his multi-billion takeover of the company. live from cnn center, this is "cnn newsroom," with dkim brunhuber. ukrainian president volodymyr zelenskyy says more than a thousand towns and villages have been taken from the russian forces and that the russians are paying a heavy price for their aggression. >> translator: today we can report on 200 downed military aircraft. russia has not lost so many aircraft in any war in decades, and russia has lost almost 27,000 soldiers. >> ukraine also says russian troops co...

Thank you so much for joining me this saturday. Im fredericka witfield. We begin with the historic autoworkers strike, now in its second full day. Negotiators for the carmakers and the union are expected to be back at the Bargaining Table Today. For the first time ever, workers are striking at plants for General Motors, ford and stellantis at the same time. The carmakers say despite big profits in recent years, the raises being demanded would drive them out of business. President biden weighing in, saying now is the time for the companies to step up. No one wants a strike. Say it again. No one...