Treasury stands behind U.S. banks, Fed meeting, Trump’s possible indictment: 3 things to know

Yahoo Finance Live’s Julie Hyman summarizes three key topics to watch for this morning.

Video Transcript

JULIE HYMAN: Let's get right to the three things you need to know to start off your morning. First thing you need to know, the Treasury stands ready to intervene if more small banks run into trouble. That's according to comments that Treasury Secretary Janet Yellen is due to make before the American Bankers Association later this morning.

Meanwhile, officials are mapping out how to expand FDIC insurance to cover all deposits. That's according to Bloomberg. A coalition of mid-sized banks are behind the push to lift the $250,000 limit, saying it's needed if the banking crisis continues to grow.

Second thing you need to know, global officials' attempts to attack the banking crisis has brought some stability to markets, at least for now. The STOXX Europe 600 trended upward at the open, led by surging banking shares, and US market futures are also trending upward. Plus shares of First Republic Bank, they are surging in premarket trading on a Bloomberg report that JPMorgan Chase could aid the flailing regional bank.

All of these moves could change, of course, depending on what the Federal Reserve does with interest rates. It begins its two-day meeting today.

And third thing you need to know, former President Trump says he could be arrested as soon as today. The possible indictment stems from his alleged role in payments made to adult-film actress Stormy Daniels during the 2016 election. If he is charged, it would mark the first time ever that a criminal case against any US president has been made. Trump, who has denied any wrongdoing, called the ongoing litigation, quote, "an extortion plot."