ahead this st. patrick s day friday starting with desperate measures on wall street. nearly a dozen banks teaming up to prevent this week s financial turmoil from spreading their $30 billion life line to save another major bank from potential ruin as janet yellen works to sooth the markets and reassure americans that their money is safe. 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. plus major move in china s partnership with russia, announcing this morning that xi jinping will visit russia next week at the invitation of vladimir putin that comes as russia continues to search for the downed u.s. drone intercepted by a russian fire jets. why the pentagon says russia won t find anything useful even if they do track it down and rage on the streets of paris, thousands of protestors rise up over an unpopular move by macron raising the age of retirement
i m lindsey reiser we have breaking news this thursday morning dramatic video released from the u.s. military showing the alarming moment a russian fighter jet clipped a u.s. drone sending it crashing into the black sea. u.s. officials calling the action unsafe, unprofessional, aggressive nbc news confirming those actions were approved from the government and janet yellen in the hot seat this morning as regulators race to alleviate fears. the treasury secretary set to begin testifying before the senate finance committee any second second plus the new alarm bills about two other banks under massive pressure as the fallout from the silicon valley bank continues. and back off or get banned a source close to the mega popular app confirms to nbc news the biden administration has demanded iktok s chinese owner sell their stakes in the app or face a possible ban in the u.s what does it mean for the millions of tiktok users in the u.s. and a major escalation into one of the i
inflation. prices fell dramatically last month for manufacturers. of course, those costs passed down to consumers eventually. the flip side, there are still banking fears simmering, futures way down ahead of the opening bell, you can see there. what all of this means as we get another big decision coming, that is, the feds, whether it will raise interest rates again. plus this morning escalating tensions after an alarming encounter over the black sea, a russian fighter jet colliding with an unmanned u.s. drone. that $23 million aircraft then crashing into the sea and the race is now on to recover it. extreme life-threatening weather continues to hammer both coasts this morning. record rain, swamping california, heavy snow, 3 feet in some areas, burying the northeast. this morning nearly half a million people without power. we are going to get to all of that, but we do want to begin with the economy this morning, this new data that just dropped, cnn chief business corres
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