politics, the economy the wider world. who knows where else we will go. you want to be upset about real things. but isn t that what drives comedy or art or anything? and the big meeting in moscow. she jinping traveled to russia this week, three days of meetings with vladimir putin. no why russia wants this. but what does china have to gain from this massive show of support? we will explore. also the crisis continues as the ripple effects from the collapse of silicon valley bank and others continue. what can we learn from past bank bailouts and crises? i will ask the historian neil ferguson. but first here s my take. the most interesting outcome of the three day summit between vladimir putin and xi jinping got limited media attention. describing their talks, putin said. we are in favor of using the chinese yuan for settlements between russia and the countries of asia, africa and latin america. so. the world s second largest economy and its largest energy exporter. together act
in about a year and a half, still high. bill: that would normally mean another rate hike on the horizon, but the fed could be forced to rethink that. dana: the moves are designed to protect the u.s. financial system and make sure customers do not lose their deposit. bill: the president insisting this is not a bailout, some folks beg to differ. well, it is a bailout, we give a lot of support to banks. banks pay a premium for insurance, capped at 250,000. if we change the rules and give them more coverage than anybody else gets, i think that s a bailout. the think you have to understand is that what they re doing now with the bailout, printing money to solve the problem. and there is this inflation problem that started the whole thing and they re trying to fix a banking problem by printing money. that will make the inflation problem worse. dana: we have analysis, let s begin with grady. last week a rate hike was almost a given, now things are more complicated, the
to proceed. given the biden administration has said one of the key pillars in foreign policy when presented with a choice between autocrats and democracies, they stand with democracies. can you help us understand why the secretary decided to proceed with the trips given the ban and should we expect that going forward? our relationship with egypt is a important strategic partnership. the secretary met with his counter parts and talked about that. i ll tell you when it came to the press coverage of that portion, having looked further into it, the egyptians lived up to what they had greed upon. some of the lessons learned was in terms of making sure that we were on the same sheet when it came to understanding press access. so we will continue to work. the u.s. had agreed beforehand there there would be a band of journalists? we did not agree to a ban. we agreed to have official photographers. we had one reporter come in to one of the sessions but a portion that was going t
oscars the movie making history on hollywood s biggest night. announcer: this is nbc nightly news with lester holt good evening, everyone president biden was up early in front of the cameras before the markets opened this morning in a move to calm jitters following a pair of bank collapses. mr. biden declaring the banking system is safe and telling customers your deposits will be there when you need them new york s signature bank following silicon valley bank down the road to collapse over the weekend. those banks are tonight in the hands of regulators. in addition to telling folks their money is safe, the president today called on congress and banking regulators to strengthen banking rules to prevent such failures in the future the government reassurance appeared to go a long way toward easing nerves on wall street however, concerns remain over whether it s all over. nbc s jake ward has much more. reporter: with two u.s. banks being forced into closure in recent days
rally goers in the bleachers behind trump, waved around posters that read witch hunt as trump continue to complain about the unfairness of all the investigations into his conduct. he went as far as the parkland open is asian of the justice system is quote race central issue of our time. he repeated the infamous lie that he debuted at cpac this year. i am your retribution. all this is happening as trump in the country wait for news of a possible indictment in one or more of the ongoing investigations to which he is subject right now. one of his truth social post this past week, trump even called for the immediate removal of the four prosecutors who are leading those investigations. the manhattan district attorney, alvin bragg, the new york attorney general, letitia james, the fulton county district attorney, department justices special prosecutor jack smith. and indictment could happen as soon as tomorrow. with the grand jury in manhattan investigating trump s role in the hu