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rescuing again. i'll ask one of the people who was at the center of the storm the last time around, the former ceo of goldman sachs lloyd blankfein about whether the system is stable, and is your bank account safe? also, how did it come to this? did we learn the wrong lessons the last time? i'll talk to julian tet of "the financial times." then -- don't mess with the french people's retirement plans. that's the lesson from weeks of strikes and protests and then chaos in parliament as the government pushed through their policy anyway. [ speaking non-english ] >> which brought the outr...

united states and around the world. i'm fareed zakaria coming to you from new york. today on the program, panic in the markets as the banks need rescuing again. i'll ask one of the people who was at the center of the storm the last time around, the former ceo of goldman sachs lloyd blankfein about whether the system is stable. and is your bank account safe? also, how did it come to this? did we learn the wrong lessons the last time? i'll talk to gillian tett of the financial times. then, don't mess with the french people's retirement plans. that is the lesson from weeks of strikes...

you're live in the cnn newsroom. we're awaiting a news conference from the town of cleveland, texas, where the fbi has joined the manhunt for a man suspected of killing five of his neighbors. police say this 38-year-old opened fire on a family next door when they asked him to stop firing a rifle in his front yard because their baby was trying to sleep. five people are dead including an 8-year-old child. this latest gruesome attack unfolded about 40 miles northeast of houston. cnn's ryan young is following the latest developments. what do we know about this news conference coming up? ...

. ♪. ♪. ♪. you were in the cnn newsroom paula read in washington, jim acosta is off. we begin with the latest emergency act aimed at a time global banking crisis, switzerland ubs is buying the rival credit suisse after the bank lost 25% of value the past week as major depositors fled in droves. even as an emergency loan from the swiss national bank failed to shore up confidence. that bank says the take-over of ubs should, quote, secure financial stability and protect the swiss economy. joining us is cnn economics and political commentator catherine, first i want to go cnn a...

storms threatening the west coast. 17 million people across california and nevada are under flood watches. the storm is known as an atmospheric river, basically a fire hose of water. the big concern, flooding from rising rivers and melting snowpack. the ground is already saturated from weeks of heavy rainfall. >> look at oakland. parts of the interstate shut down because of flooding. east of oakland, the roof of a dollar store collapsed from the wait of the rain on top of the snow still there from earlier storms. the store said to be a total loss. the good news, no one was hurt. evac...