from the war zone including reports of explosions in russian occupied territory. also tonight, a serious setback for talks on raising the federal debt limit and avoiding a catastrophic default. with negotiations now on hold, i ll ask the former treasury secretary larry summers what the president and the congress add leadership should do next as time for reaching a deal is running out. and new insight tonight into senator dianne feinstein s health and mindset after new confirmation of medical complications she faced. i ll speak with her former senate colleague barbara boxer amid growing questions about senator feinstein s ability to serve. welcome to our viewers here in the united states and around the world. i m wolf blitzer and you re in the situation room. we begin this hour with two of the most pressing matters for president biden as he meets with key allies in japan. the war in ukraine, and the threat of the united states defaulting on its debt. cnn s chief whit
it signals concern about the health of the sector, following the collapse of first republic and its acquisition byjp morgan chase. the wall street giant said it would pay $10.6 billion dollars to the federal insurance deposit corp, after officials shut down the smaller bank. first republic had been under pressure since last month, when the collapse of two other us lenders sparked fears about the state of the banking system. meanwhile, the managing director of the international monetary fund kristalina georgieva says she expects more weaknesses to be exposed in the banking sector. so just how vulnerable is it? let s ask the chief global investment officer of oreana financial, isaac poole. i think there is a real risk of that. this is probably not the end of bank failures. we are seeing these problems in the smaller, regional, medium sized banks, really exposed to higher interest rates. we are going to see another interest hike from the fed which might add extra pressure on dep
global health emergency, but the declaration comes with a warning. on wall street, the dow jumps 400 points this morning with good news from the banking industry, and a jobs report that beat most expectations. overnight, a major twist in one of the bloodiest fights in ukraine, in a furious announcement posted online, the head of russia s wagner mercenary group threatens to pull his troops out of bakhmut next week. at the southern border, officials say more than 2,000 migrants a day are now apprehended, just in the rio grande valley area. we re live with new video of just how desperate the situation is for men, women and children as the secretary of homeland security visits the area. and now to breaking news, the world health organization making a major announcement about the status of the covid-19 pandemic. the director general says more than a year now the pandemic has been on a downward trend and that the emergency committee that has been analyzing the data recommen
i m karishma vaswani. we begin with the banking turmoil in the us. shares of several regional banks have closed in the red on monday. it signals concern about the health of the sector, following the collapse of first republic and its acquisition byjp morgan chase. the wall street giant said it would pay $10.6 billion dollars to the federal insurance deposit corp, after officials shut down the smaller bank. first republic had been under pressure since last month, when the collapse of two other us lenders sparked fears about the state of the banking system. meanwhile, the managing director of the international monetary fund kristalina georgieva says she expects more weaknesses to be exposed in the banking sector. so just how vulnerable is it? let s ask the chief global investment officer of oreana financial, isaac poole. i think there is a real risk of that. this is probably not the end of bank failures. we are seeing these problems in the smaller, regional, medium sized banks,
forcing evacuations with the worst still days away. in california, communities bracing for epic flooding there from the meltdown of record snow. plus, tens of millions in texas and florida on the lookout for tornadoes and large hail. also tonight, the woman who accused former president trump of rape and defamation takes the stand in his civil trial. what she says about their alleged encounter years ago. the former president s denial. disney fires back suing florida governor ron desantis in their feud about free speech and the future of disney world. just breaking, republicans in the montana legislature punish a transgender lawmaker barred from speaking on the floor. the pastor killed, police say, by a man he stopped to help. it turned out to be an inmate escaped from jail. the violent standoff and manhunt ongoing. menopause and money. the new data on the billions in lost work. how some businesses are changing their thinking. and a song that echoes through the