good morning, everyone. it is wednesday, march 15th. thank you for waking up with us. here are five things to know this morning there are new tensions between the u.s. and russia over the downing of a u.s. surveillance drone. they clipped the drone over the black sea forcing it to crash. russia denies the accusation claiming the drone fell on us own. yeah. and another day of jitters over the fate of america s banking system seem to be easing slightly. stocks of some regional banks bouncing back after suffering declines. fallout is far from over. doj and scc investigating the collapse of silicon valley bank. also this morning high stakes case over abortion pills set to get its day in court. a federal judge in amarillo, texas, will hear arguments over a lawsuit that could disrupt access to the pills nationwide. protests are planned outside the courthouse. also the faa is convening a rare safety summit after seven close calls at airports. the faa says the flight cros
things to know with this tuesday, march 14th. all eyes will stay on wall street where they have been locked as the race is on to avoid the collapse of other regional u.s. banks. several have been suffering steep stock drops on monday, even as the government came out, president biden himself, trying to calm nerves of financial support. all this turmoil is coming as the fed is awaiting a highly-anticipated inflation report that we re expected to get this morning. no relief. what is going on? dualing storms set to pound the east and the west coast, both coasts, nor easter forecast to bring heavy rain, wind, snow to millions in the northeast. california bracing for yet another round of severe flooding. also this, governor ron desantis breaking from many in his own party on the war in ukraine. likely presidential candidate told fox news that protecting ukraine is not vital to u.s. interests. instead, he called it is a distraction to bigger challenges here at home. also, sena
they uncover. a lot of questions about what went wrong. paula reid, thank you. most stocks did rally. the smoke has not cleared completely. moody s placed six u.s. banks on review for potential credit rating downgrade and slashed the outlook for the whole u.s. banking sector. let s bring in our cnn anchor christine romans. that is huge. what does it mean that moody s did this? does it indicate future bank collapses? i think the most important thing is things have really stabilized here. of we saw that yesterday. stability is back in the system. what moody s investors services is warning is we should be prepared for harder times ahead for the banks. you have a lot of deposits baboe the insurance line. you have people trying to move
listen, we have the moody saying they re going to place six other u.s. banks on review for potential downgrades. i mean, that has a ripple effect on the economy. do you think it s mostly psychological? do you agree with matt we should calm down? i think people are looking at the balance sheets of these banks and saying, maybe things are not as solid as we once assumed. maybe they are with standing the stress of rate hikes a little more poorly than people had appreciated before. i mean, if you had looked, some of these risks should have been evident. especially with silicon valley bank. but with some of the other banks as well. the fact that they didn t guard against interest rate risk, for example. that was relatively well known if you paid attention. now, most of the american public would not have done so, but now investors are doing regulators belatedly it seems like are doing so. yes, a lot of this irrational fear. i think there actually is a reason to take another look, to area