to ask after the weekend rescue of credit suisse by ubs. in the last half hour or so the us treasury secretary janet yellen has continued to offer reassurances that the banking system is stable in a speech to bankers in washington. she s been saying that the us government is prepared to help more banks if that s what is needed. the government s recent actions have demonstrated our commitment to take the necessary steps to ensure that savings and the banking system remain safe. our intervention was necessary to protect the board a us banking system and similar actions could be warranted if smaller institutions suffered that pose the risk of contagion. and if we look at the latest on the financial markets we can see that they are in positive terittory. they re expecting some of those reassurances from politicians. we can move on and see some of the banking shares here in london, hsbc. these are some of the stocks at lost valley yesterday as those concerns grew about ubs and cre
video killed the radio star. now has the internet killed the record industry? napster s stealing from us straight up and i m going to fight them to the death. ladies and gentlemen, the strokes! may i have your attention, please? we got a movement. pretty sure the president of the united states is the dixie chicks, they can say what they want to say. billboard s top ten singles all by black rap artists. i don t please everybody with who i am as a person. i love beyonce. that s not a working telephone, is it? hello? empty shelves are all you ll find here at tower records. it s now out of business. three, two, one! this is a very special moment. the first performance at the mtv studios in the new millennium. please welcome no doubt! that s great it starts with an earthquake, birds and snakes and aeroplanes lenny bruce is not afraid i ll always remember new year s eve 1999 going into y2k seeing no doubt on mtv playing it s the end
it up. you got to do what you got to do. thank you. and thank you at home for joining us. i m whitney wild, christine romans coming back on monday. cnn this morning starts right now. good morning, everyone. it is friday, december 30th, don is off today. recovery, though is in sight. we ll see. i think a lot of people will be skeptical, but that is what southwest airlines is saying this morning as they hope to resume regular service today with, quote, minimal disruptions. and airports are still trying to figure out what to do with the piles of unclaimed luggage. we re live at chicago s midway international airport. and vladimir putin and xi jinping holding a meeting. also the house january 6th committee releasing a new batch of transcripts and what we re learning about texts involving donald trump jr. and lindsey graham. a new claim from congressman-elect george santos is putting his own mother s death into question. that s right. this morning we start with sou
with two against leeds as manchester city won 3 1 to move to second in the table. also coming up: there have been record vinyl sales in the uk as taylor swift tops the charts we ll speak to a long time record store owner. ukraine has been struck by a fresh barrage of russian missiles targeting several major cities. dozens of missiles had been launched from land and sea at the population and civilian infrastructure. several cities from kyiv in the north, odesa in the south, kharkiv in the east and lviv in the west have seen explosions hit their cities. the mayor of kyiv, said 16 missiles had all been shot down by the capitals air defences but at least three people were taken to hospital. in lviv, officials say the city has lost about 90% of its electricity. earlier, ukraine s military intelligence chief told the bbc the conflict was now at a stalemate. our correspondent hugo bachega has the latest from kyiv. ukrainians have been saying for weeks that this is how russia is re
this is your well red world. a lot of major averages down on the prospect that we re looking at higher rates down the road. we got our third 3/4 hike in a row with signs that year s end, rates could be a point to a point 1/4 higher than they are right now. we re north of 4%. some wondering if that is enough to deal with inflation that is double that. let s get the read on what happens today and why. jackie deangelis. jackie? good afternoon. this is the fed s fifth rate increase this year. it s the fourth increase in a row. as you pointed out, the third time the market is seeing 3/4 percentage point. the market was trading higher most of the session before the decision indicating they were expecting a 75 basis point hike rather than the full point percentage point that a small group of market watchers thought was possible. then when the news broke about the hike, the fed hikes rates trying to tame persistently high inflation, the economy will slow. consumers and corporations