you are in the cnn newsroom. i m paula reid in washington. jim acosta is off. a major move today in an attempt to halt a global banking crisis. switzerland s largest banking group ubs just agreed to buy its rival credit suisse in an emergency rescue bid. the purchase is aimed at halting investor panic brought on by two sudden u.s. bank failures this month. the deal comes after shares of the ailing bank lost 25% over the last week. even an emergency loan from the swiss national bank failed to stop the fallout. cnn reporter anna stewart will join us in just a moment, and cnn global economic analyst, rana foroohar joins us now. all right, rana, can you explain to us this deal? yeah, absolutely. so a little bit of con context. credit suisse has been a troubled bank for some time. so this, you know, this is a bank that over the last couple of years has had any number of crises. it s been considered weak in the marketplace. even late last year, it was having its own problems to
revelations. the latest is mike pompeo who could sit for a closed door deposition with the committee as soon as this week. there s another one in the inner circle, mike pompeo. that according to multiple sources why do they want to talk to him of all people? might have something do with the 25th amendment. haven t heard the discussions among cabinet secretaries. from what i understand it was more of a thisthis is what a hearing, i want you to hear it and you should be on the radar, you re technically the boss of all the secretaries and the conversation progressed you should be ready to take action on this. that as a star witness is now cooperating with the justice department. that is cassidy hutchinson working with the feds. and working with a source, we don t know exactly what she is telling them, though, but we know what she told the committee. here it is. the president said something to the effect of i m the f ing president, take me up to the capitol now. and now
Mitchell reports, more drama on the house floor this hour. Louisiana republican mike johnson, an Lection Denier who helped craft the objections on january 6, he is next in line, chosen last night by the republicans in a private meeting when a more experienced lawmaker, tom emmer, failed just because of Donald Trumps opposition. In the israel hamas war, back channel negotiations continue for the terror group to free more of the 200 hostages still being held. International pressure is growing on israel for humanitarian ceasefire to stop air strikes. Jordans Foreign Minister from a speech at the u. N. Will join me as well as israels government advisor. President biden hosting a state visitor. The Prime Minister of australia, a major u. S. Military and intelligence ally, with a red carpet welcome on the south lawn and a News Conference this afternoon. We are starting with israel against hamas terrorism. We are standing with ukraine against putins tyranny. Democracy can deliver. Good day, e
If you want to save hundreds of dollars every month, pay off the balances on your high rate cards with a lower rate va home loan from newday usa. And get the financial Peace Of Mind every veteran deserves. No one takes care of veterans like newday usa. John any moment now President Trumps criminal trial will resume in Lower Manhattan hat and at they will return to question manochio a Junior Bookkeeper at the Trump Organization. To go the morning session saw Stormy Daniels back on the stand trying to show inconsistencies in her story bringing up interviews and statements she has made over the years. Alina habba joined us last hour. We are not hearing a whole lot about what they claim to be charges probably because there are not any. There are no facts to support this claim and it should be dismissed. John Off And Running another 60 minutes i am john roberts in washington its good to spend thursday for you. Jacqui im Jacqui Heinrich with sandra smith this is america reports. As the trial
you are in the cnn newsroom. i m paula reid in washington. jim acosta is off. a major move today in an attempt to halt a global banking crisis. switzerland s largest banking group ubs just agreed to buy its rival credit suisse in an emergency rescue bid. the purchase is aimed at halting investor panic brought on by two sudden u.s. bank failures this month. the deal comes after shares of the ailing bank lost 25% over the last week. even an emergency loan from the swiss national bank failed to stop the fallout. cnn reporter anna stewart will join us in just a moment, and cnn global economic analyst, rana foroohar joins us now. all right, rana, can you explain to us this deal? yeah, absolutely. so a little bit of con context. credit suisse has been a troubled bank for some time. so this, you know, this is a bank that over the last couple of years has had any number of