on capitol hill, democrats unveil a new bill they say will prevent another bank collapse. we will speaker with senator bob menendez who helped introduce the legislation. battle over abortion rights in texas how one jeryl judge to block a medication used in abortions nationwide. the latest fallout after a russian fighter jet and u.s. drone collide in mid air now russia says it s intenting to recover the fragments of that drone. we begin this very busy hour with the latest on wall street where the dow jones continues to drop after shares of another major bank tumbled more than 20%. dow jones is down 552 points and 1.7% dropping this morning a swiss bank with large operations in the u.s. and around the globe is the center of the latest crisis in the banking sector that is affecting wall street. joining us now with more is cnbc sema mody. what is going on with the markets this morning and why can you hear me? let s try to reestablish communication with her on this we will k
decade. not only is an incredibly safe drug which is why this entire court decision i fully expect will reverse the approval and i expect the biden administration will appeal this and it could end up in supreme court. but this drug is not only commonly used but incredibly safe two decades i had to prescribe it we have to register. we have an incredibly detailed process the last several decades we have had to undergo to the fda to monitor the safety not only of prescribing it or but anybody we gave the medication to and follow long-term safety only the last several months has the biden administration relaxed some of that why? because we have had decades of safety that i did not have for many of the other drugs, the multiplity of drugs that have more serious side effects which is so ridiculous this drug just prepares the uterus to help make it more to ease the burden of expelling any of the contents of the
if, in fact, the judge does that in this case to be clear we haven t got a ruling and don t know what is happening in the court right now but if that is the pact he takes i think it s truly unprecedented and i think you ll see the biden administration appeal so quickly because it throws into question fda approval at large for any drug that it has approved, asid from just abortion. what conversations are you do, doctor, having with colleagues in texas it s not just ruling. as you know, it s gag orders and so many of the state rulings that have gone into effect where doctors are now being pushed into a corner scared to even have conversations, not just with their patients, but with each other what is happening right now is texas doctors are trying to teach doctors such as myself where i practice in the states of maryland and the district of columbia where it is incredibly safe and legal to do this today and i hope will continue to do so they are teaching us what they have had to do
depositors there is a lot of questions to be raised here, but i think the regulators didn t get it right and certainly, you know, those who repealed the oversight of these banks, i think, in hindsight, they are probably saying, i shouldn t have done that. senator, meanwhile, in mexico after four americans were kidnapped there, only two survived, the mexican president said mexico is safer than the united states. the washington post says more than 500 americans are still missing in mexico. is mexico a good partner to the united states? senator? well, look. i think we have a real challenge with mexico. i ve been outspoken about where mexico is being taken under president biden lopez obrador. he recently said there is no fint fentanyl manufacturing in mexico that is false. he is deceiving himself or trying to deceive the mexican
now. politics so important you mentioned former trump white house stchief staff said, quote. what is the perspective of republicans in this moment well, look. you know, republicans were responsible in 2008 when george h.w. bush was in charge and house rebelled against bush s bailout at first before being forced into going along with it. here they have what they think is a clean shot against president biden because he is the one in the office right now. they are not making much of a thing about the 2018 law that president trump signed that loosened banking regulations over small and medium-sized banks like the ones that just failed the last few days you ll hear president biden talk about that although that did have democratic support at the time as well a lot of finger pointing in washington and republicans they