Be a dry start to the weekend. Tomorrow starts dry and ChIlly Chubut there wIll be some wet and WIndy Weather later In the day. Dry and chIlly too. Fresh attacks have contInued on the lebanese CapItal BeIrut overnIght. It comes after Israels MIlItary carrIed out a StrIke South of the CIty Yesterday targetIng Hezbollah Leader Hassan Nasrallah. It has not been confIrmed If he was In the buIldIngs when It was struck. Lebanons Health MInIstry say sIx people were kIlled and 91 Injured. Our reporter SImon Jones has the latest. ExplosIons, screamIng new strIkes overnIght on Southern BeIrut. Israels mIlItary saId It was targetIng buIldIngs storIng hezbollah weapons underneath them. Hezbollah denIed they were arms depots. ExplosIons. EarlIer, a serIes of massIve explosIons. It Is thought the target here was the Hezbollah Leader Hassan Nasrallah. It Is unclear whether he was any of the buIldIngs that were hIt. Iran, whIch backs hezbollah, has called the attack a dangerous, game changIng escalatI
paula. it s just a very scary time in our country. asking for trouble. team trump trying to fire up his base, as he faces possible indictment within days. and joining forces, the world s biggest central banks team up to keep the cash flowing and stave off a possible financial crisis. all right. welcome to our viewers in the united states and around the world, i m christine romans. good monday morning to you. in just 90 minutes, china s leader xi jinping arriving in moscow for a state visit including a one-on-one meeting with russian president vladimir putin. overnight, the two leaders published articles written for audiences in each country. the pieces highlight the trust in cooperation, and credit china for promoting peace in ukraine. cnn s salma abdelaziz following the story live from london for us. salma, what s the purpose of xi s visit? and what is putin looking for from china? reporter: well, for president xi who has, of course, secured that unprecedented third
in about a year and a half, still high. bill: that would normally mean another rate hike on the horizon, but the fed could be forced to rethink that. dana: the moves are designed to protect the u.s. financial system and make sure customers do not lose their deposit. bill: the president insisting this is not a bailout, some folks beg to differ. well, it is a bailout, we give a lot of support to banks. banks pay a premium for insurance, capped at 250,000. if we change the rules and give them more coverage than anybody else gets, i think that s a bailout. the think you have to understand is that what they re doing now with the bailout, printing money to solve the problem. and there is this inflation problem that started the whole thing and they re trying to fix a banking problem by printing money. that will make the inflation problem worse. dana: we have analysis, let s begin with grady. last week a rate hike was almost a given, now things are more complicated, the
depends on how quickly it blows over or whether it sort of metastasizes into a full size crisis. and i don t think we actually know the answer to that question yet so they are really in between a rock and a hard place today in the sense that they ve got, you know this very high inflation. an and solid economic momentum on one side, and then on the other side, they do have to worry about the possibility of further instability in the financial system. so jerome powell needs to sail through this skill in caribbeans needs to sail through this issue of the banking problem on the one hand and inflation on the other. the decision to raise interest rates, whether it be a quarter point or half a pointer. i guess not at all. that will be the sort of tangible thing we get out of this, but what about his actual words? what are you listening for? from him today? that is such a great point, because i actually think what he says is going to be so much more important than whatever they do with interes
activity over the weekend and then waiting to see how the market reacts on monday when everything opens up again. but i do think the banking system in the u.s. is fundamentally in good shape. i think we have really good strong community banks, regional banks. the country s largest banks have been stepping up to do what they can to stabilize the system. clearly, there s a lot of noise and heightened attention on things like gossetts and interest rates, we ll see where the week takes. funnels are one thing and fear is another thing. and regulators have been up the last two weekends really working to contain fear in the global banking system. when i listened to that two-hour press conference from switzerland, they kept saying again it was twitter, worries in the u.s., all of these things taking down credit suisse after a couple bad years of tough management decisions. talk to me about the fear part of the banking problem. it s a great point. because if you think about what the opposit