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street. president biden pushes his case for a massive tax and spending increase in his new budget. and a stronger than expected jobs report is not necessarily what the fed wanted to see. we have fox team coverage tonight. charles payne in new york tells us what happened with the silicon valley bank and what that means for the rest of us. but we begin with white house correspondent peter doocy and the president s take on the unemployment numbers. good evening, peter. peter: good evening, bret. there was a run on a struggling bank known for loans to startups and things went south so quickly within about a 48-hour period that the feds came in to take control of the country s 16th largest bank. i think we got a good jobs report. peter: 311,000 last month better than expected. so no plans to back off the spending plan paid for with new taxes for the rich and corporations. ronald reagan was doing 8% tax rate. you know that whacko liberal guy. you know. peter: it s b ....
this is cnn newsroom. 50 million are under flood alerts in california. hundreds of thousands take to the streets in israel. a move many see as stepping away from democracy. a protester joins me later this hour. history could be made at the oscars, we take a closer look at who is likely to go home with a golden statue. live from cnn center, this is cnn newsroom. california is getting a brief respite from recent storms and flooding but not for long. more rain is expected later today and the next big storm system is expected to arrive monday and last through wednesday. officials say the flooding will have a devastating impact on the community. today is a worst-case scenario for this community, a heavily latino community. we work hard to prioritize this community and avoid flooding. we know that these are the folks that can least afford this type of hardship. we note the river levy was breached, and more than 90 people were rescued by emergency crews. 50 million ....
translator: it s fear of where do we go with the kids, because we don t have anywhere to go. we came to check our home but they won t let us in. millions in california, more rain expected throughout the weekend, and as more details come to life from that deadly kidnapping in mexico, we ll look at the growing business of medical tourism in the country. plus the bbc s soccer coverage plunged into chaos from the gary lineker partiality in the uk. this is cnn newsroom with kim brunhuber. we begin this hour in california where a series of deadly storms unleashed historic snow falls and massive flooding across much of the state. the white house telling us the president spoke with california s govern gary newsome again on saturday telling the governor that california has full support of the federal government. it is likely to be a long, sleepless night and soggy weekend for many across the state especially in monterey county. the latest epicenter of extreme weath ....
a third of pakistan is underwater. that s according to the country s climate change minister, who called the devastation caused by extensive flooding a crisis of unimaginable proportions . at least 1,000 people have been killed, and 33 million are affected. that s one in every seven pakistanis. provinces like sindh and balochistan in the south are the worst affected, but mountainous regions have also been badly hit. 0ur correspondent pumza filhani sent this report. a moment of quiet in the middle of chaos. inside a crowded hall, families that have been displaced by the floods in northern pakistan have found temporary refuge. for many, it was a narrow escape. translation: our houses have collapsed because - of the floods. we had a home and it was enough for us. now all our belongings are buried under 12 13 feet of water. when i left with my children, i saw my house collapse. the rivers are swelling, and all many can do is stand and watch. the raging floods and mudslides ....
it s backed off a bit, but if you look at the tech heavy nasdaq, it is off 4% and plunging. john: debbie dingle standing by with her thoughts on how this could affect her party s midterm chances. but first, to jacqui heinrich live on the north lawn this hour and rather ironic the president has a celebration of the economy this afternoon. how are they reacting to the cpi report? either the white house expected numbers a whole lot better than this or someone in the scheduling office had an unfortunate oversight and getting an earful. it is ironic they are hosting a bunch of democratic lawmakers here today to mark the signing, last month s signing of the inflation reduction act just as those new numbers come out showing inflation, core inflation shot up last month 6.3% in august, up from 5.9% in july. and that is a key metric that the fed watches very closely and these numbers are more than the 6.1% that economists predicted, the next set of rate hikes will likely be q ....