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CNN CNN Newsroom Live July 6, 2024

california. as the storm battered state endures another round of heavy rain and flooding. donald trump facing new legal woes, the former u.s. president weighing whether to testify before a grand jury about his alleged role in a hush money scheme. plus a major step for the mideast as iran and saudi arabia establish a deal to restore diplomatic ties, the surprise agreement helped along by beijing. i ll break down what it all means. we begin in california where at least two people have died in massive storms hitting the state. the result of yet another atmospheric river. nearly 10,000 residents are under evacuation orders shelters set up to help those forced out because of intense flooding. more than 40,000 homes and businesses are without power. the central coast has been the hardest hit with creeks turned into raging rivers and roads washing out, stranding thousands. the worst is now expected to impact the foothills of the central and southern see as. all of this led the ....

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CNN CNN Newsroom Live July 6, 2024

world. i m laila harrak. thousands of people ordered to evacuate their homes in california as the storm-battered state endures another round of heavy rain and flooding. donald trump facing new legal woes. the former u.s. president now weighing whether to testify before a grand jury about his alleged role in a hush money scheme. plus, a major step for the middle east as iran and saudi arabia strike a deal to restore diplomatic ties. the surprise agreement helped along by beijing. we ll break down what it all means. announcer: from cnn center, this is cnn newsroom with laila harrak. we start this hour in california, where residents are getting battered by more storms, the result of yet another atmospheric river. at least two people are dead and nearly 10,000 people are under evacuation orders. more than 40,000 homes and businesses currently without power according to poweroutage.us. the central coast has been the hardest hit with creeks being turned into raging ....

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CNN CNN This Morning Weekend July 6, 2024

i m boris sanchez. and i m paula reid. it is great to be with you. great to be with you as well. i was looking at amara walker s social media. looks like she is skiing somewhere with her family. great for her. and there is a lot to get to. here is some of what we re watching for this morning. wake up, wake up, your house is flooded. and i looked on the ground and there was a flood. he seems to be in a good food fo mood for a natural disaster. california was soaked with another storm and prompted evacuations. would we have the latest on where the severe weather is headed next. and overall we ve created more jobs in two years than any administration has created in their first four years. president biden takes a victory lap following a strong jobs report. where we re seeing those jobs. plus the stunning bank collapse that has some small business owners wondering how they will pay their employees. and in politics, testing the waters. presidential hopefuls swar ....

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CNN CNN Newsroom With Fredricka Whitfield July 6, 2024

that ensures bank deposits and overseas financial institutions. the agency says all insured depositors will have access to their deposits no later than monday morning. the fdic ensures deposits of up to $250,000. why did this bank fail so quickly? it is an old school bank run in a modern economy. you can point to two reasons. the first is that the fed has been increasing interest rates since 2022. that has an effect on thing bank s assets, which means its unrealized bonds were worthless money. those increased interest rates has had a devastating effect in the tech sector at large. the tech sector has seen layoffs and funds been sold off. that has led to panic. that s led to group chats of founders of vcs all abuzz with what to do with svp. that led to panic. nobody wants to be the last customer held at a bank. help break down all those affected. svb was the premier bank in silicon valley. we ve seen tech companies banking at svb as kind of a badge of honor. right ....

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CNN The Situation Room With Wolf Blitzer July 6, 2024

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 ....

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