for the first time since russia invaded ukraine china s president xi jinping will meet face-to-face with vladimir putin. so what could this mean for the war and also tensions between the u.s. and china? we are on it. plus a cnn exclusive, dozens of mar-a-lago staffers, members of trump s inner circle as well, have now been subpoenaed to testify in the ongoing probe of classified documents. find out who is on that list. and big banks to the rescue, 11 of them are now offering a $30 billion lifeline to one of the regional banks in danger of collapsing after this week s banking turmoil. we will be watching for reaction when the markets open in less than 30 minutes. we do begin this hour with next week s meeting in moscow between the russian president, putin, chinese president xi. cnn s senior international correspondent will ripley is with us. what more are we learning about the talks and what they re expected to focus on? reporter: the timing is certainly significant, it
unfolding in the banking sector has boosted the odds of a recession in the u.s. within the next year. but treasury secretary janet yellen is about to wrap up her senate testimony and she argued the fallout has been contained. i can reassure the members of the committee that our banking system is sound and that americans can feel confident that their deposits will be there when they need them. this week s actions demonstrate our resolute commitment to ensure that our financial system remains strong and that depositors savings remain safe. now, the market seemed skeptical until they got word that chase and morgan stanley are considering rescuing the struggling first republic bank. regional bank stocks are mixed, which is actually a major improvement from earlier today. elsewhere in the economy some promising new data on jobs and mortgage rates. we have cnn s matt egan, who s here once again to help make heads or tails of all of this for us. okay, matt, let s start here wit
may be tempting just to tune out, just to watch football or hgtv or the great british baking show. you know, whatever floats your boat. but i m here to tell you, pittsburgh, that tuning out is not an option. sulking and moping, that s not an option. the only way to make everything fair is if we, all of us, fight for it. the only way to save democracy is if we, together, fight for it. and it starts with electing people who know you, who see you, who care about you, who ve stood in your shoes. you did that two years ago when you sent joe biden to the white house. he s fighting for you every day, he s got your back, doing everything he can to put more money in your pockets, to make our streets safer, to bring good-paying jobs here to pennsylvania. now you need to do it again. because while there may be a lot of issues at stake in this election, there is one basic question that you should be asking yourself right now, and that is who will fight for you? that s the choice in this
there. with china in mind. but as biden prepares to head overseas, there are concerns that north korea is preparing to test an intercontinental ballistic missile in the coming days, one more dose of saber ra rattling. the other major story we re following, the u.s. economy in flux, to say the least. wall street set for another rough day, dow futures already down. you see there this morning. after the markets worst day in nearly two years yesterday, ending down nearly 1200 points, 3.5% or so. inflation fears now depressing investor sentiment. many ceos are stating their concerns of a recession could be coming. let s begin at the white house, cnn s john harwood is there. so, first, john to this meeting today, sweden and finland, two countries that avoided membership in the alliance for years, for decades in fact, the invasion of ukraine changed that, the president showing his support today. reporter: that s right. and this is one of a series of consequences that have unfolde
census position to deal with these concerns and on the senate side, the majority leader over there also open to this idea, as a major push is now growing on capitol hill to ban this social media platform, alright. alright well, very dramatic hearing with far reaching consequences. manu raju on capitol hill. thanks very much. joining me now to break this all down, is cnn s senior media reporter oliver darcy, cnn tech reporter brian fung and cnn media analyst sarah fisher. thank you all for being with me a really fascinating day all over. i want to start with you. have you seen any evidence in the wake of this hearing that that argument by tiktok ceo about data and china s involvement that eased any of those lawmakers concerns. no not at all. in fact, i think this hearing did the opposite. look, let s just assume that everything that tiktok says about us data being firewalled from china is true. it doesn t really matter at this point because lawmakers don t believe anything the company i