trump s alleged hush money scheme will soon have an unexpected witness as the manhattan district attorney weighs indicting the former president. and if he is arrested, trump s attorney warns of mayhem to come. china s president is making his first trip to moscow since the war in ukraine began. what xi jinping and vladimir putin hope to achieve at their meeting. the u.s. federal reserve is taking steps to keep cash flowing as major moves are being made to help restore confidence in the global banking system. good to have you with us. a day after donald trump urged supporters to protest his potential indictment in new york, his legal team has further stoked tensions by warning of unrest if the former president is arrested. let s see if they arrest him, but i ll tell you what, if they choose to do so for a misdemeanor, which frankly he didn t even do, it is going to cause mayhem, paula. it s just a very scary time in our country. i do think security should be in place if
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
banks are already tightening lending, something they want to avoid. a delicate operation. clare sebastian joining us live from london, many thanks. eric auris is chief investment officer with gideon strategic partners. he joins me from baltimore in maryland. good to have you with us. thanks, great to be here. how likely is it that this emergency rescue bid by usb to buy its rival, credit suisse, will achieve the goal of avoiding a global banking crisis by halting investor panic after the collapse of two u.s. banks? i think it remains highly unclear. even the terms, while we ve seen a few headline figures, and there s been multiple today, even the terms have yet to be fully worked out. in fact, ubs executives telling employees to continue to treat credit suisse as competition. that being said, the package itself, $100 billion, full state
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