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state of emergency as intense storms hammer the golden state. >> we can't live like this. >> atmospheric rivers washing out roads and bridges leaving people trapped in their mee joi management director from one of the hardest hit counties. the economy still red hot notching another strong jobs report. we'll tell you where the job gains are and why this complicates the fight to tame inflation. >> all the money is in the bank. i don't know what we're going to do now. >> reporter: a capital crisis, a stunning free fall leading to the second largest collapse of a financial institution ...

Have said since january was a screaming red flag that there were problems coming at the bank. >> as you noted, the fed has been telegraphing that they will continue raising rates along with inflation staying where it's been hovering over 6% the last few job reports. dennis, we have to leave the conversation there. thank you for the time. >> thank you. treasury secretary jan the yellen testified on capitol hill friday warning lawmakers of economic and financial disaster if a debt limit agreement isn't reached. .kevin mccarthy has said he's ready to sit down with the president to reach a deal,...