failed within three days of each other. that led credit for moody s to downgrade its outlook for the entire u.s. banking sector. and those worries skyrocketed today because of troubles facing the global investment company credit suisse. the saudi bank failed to rule out giving funding to the already embattled company that combined with the recent u.s. issue sent stocks falling. i want to bring in business reporter rahel solomon, rahel, walk us through what happened today. well, jake, basically the mood for investors, as investors search for the next sign of weakness. to be clear, i think the nasdaq actually closed slightly higher which is interesting. but this is really just a confidence issue at this point. you can see that reflected very clearly in some of the bank stocks. i want to point your attention to some of the regional stocks, jake, you and i have talked about already. first republic bank off 21%, pac-west off 5% on top of the losses. it s been a rough go for some
one jet flew underneath the drone, and kipped the pro-feller on the back of the mq-9. because of the damage, we were in a position to have to essentially have to crash it into the black sea. reporter: but russia denies the two aircraft collided. the russian ambassador to the u.s. trying to calm tensions after the biden administration summoned him to the state department. we prefer not to create a situation where we can face unintended collisions or unintended incidents between the russian federation and the united states. reporter: with u.s. and russian aircraft operating over the black sea, the invasion of ukraine drags on, and so do the chances of a dangerous miscalculation. we know that the interception was intentional. it was also very unsafe and unprofessional. the actual contact of the russian fighter with our uav, the physical contact of those two, not sure yet. reporter: russian aircraft have had other dangerous confrontations with the u.s. in the black se
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defense secretary lloyd austin said the u.s. will continue to fly wherever u.s. law allows. even though u.s. officials say they have deleted the drone s sensitive information, and it s no longer of any intelligence value, russia is still racing to get to the wreckage to the drone first, a drone likely deep, deep in the wrack sea. reporter: after what the u.s. called an unsafe and unprofessional intercept of the drone, the operators erased sensitive software before it crashed. russia says they will try to recover the wreckage. the u.s. military insisted they will not stop flying drones over international waters. the united states will continue to fly and to operate wherever international law allows. reporter: the drone was taken down after a nearly 40-minute encounter southwest of crimea, when russian fighter jets flew in front of it and dumped fuel in its path.
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