A new urgent warning about defective wheels as freight trains keep running off the tracks.

The leak starts right now.

Los wheels under scrutiny after three Norfolk Southern train wrecks in five weeks to clean

up from one revealing a potential problem with a specific type of rail car.

Plus, the alleged affair and hush money scheme that could trigger charges against Donald

Trump hitting the former president against his former attorney, Michael Cohen.

Knowing Donald, as well as I do, understands that he doesn't tell the truth.

And rushing waters, roads washed away, a flood emergency can affect at this hour for parts

of California.

The warning to residents moved to higher ground, now.

Welcome to the lead, America Hill, in today for Jake Tapper.

We begin this afternoon with our money lead at the roller coaster in the markets, taking

a look there at the Dow.

So just closing down 343, 44 points, CNN's Matt Egan joining us now.

So Matt, this slide being driven by the second biggest bank failure in U.S. history.

What happened?

Hey, Erica, this has been so fast.

It's stunning.

Silicon Valley bank shut down by California regulators after the stock crash by six

and sixty percent yesterday after the bank said it needed to rapidly raise cash.

This is easily the biggest bank failure since Washington Mutual fell apart in 2008 during

the financial crisis.

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