rockets. russian troops are attempting to break through the defenses and advance south, further into donbas. in a small town outside of kyiv, new video shows damaged and destroyed homes left by russian shelling during the first phase of this conflict. as ukraine s orthodox christians celebrate easter this weekend, ukraine s president said he was hopeful of prevailing against russia. translator: the 58th day of our defense is coming to an end. it ends on good friday, the day when death seems to have won. but we hope for a resurrection. we believe in the victory of life over death, and we pray that death loses. moscow has finally acknowledged casualties from the sinking of the moskva more than a week ago. says one sailor was killed, 27 missing. claiming the 396 remaining crew were rescued and taken to crimea. for more, let s bring in isa soares. hi to you, isa. reporter: a very good morning to you, michael. as our reporters meet more ukrainians, the stories of brutality a
country s borders. welcome to the show, everyone. it is now 8:00 a.m. in lviv, ukraine, and we re getting a clearer picture about russia s goals in ukraine. russia s military now confirming its objective is to take full control of ukraine s black sea coast. and key to that is a city that we ve been talking about for days now of mariupol, where an unknown number of ukrainian troops as well as civilians are trapped inside a large steel factory, a large steel complex as you can see it on your screen. ukraine s prime minister spoke about the dire situation as he met with u.s. officials in washington. have a listen. the situation in mariupol is terrible. this is the biggest humanitarian catastrophe during this and maybe during last centuries because many thousands of people, maybe many thousands of people are died in mariupol, and we will see the terrible atrocities and terrible war crimes in mariupol when it will be liberated from russians. that s the situation in mariupol.
u.s. markets plunged on friday amid fears of a hike in interest rates. the dow falling nearly 1,000 points, about 2.8%. the nasdaq and s&p 500 also down more than 2.5%. markets tumbled after the federal reserve chairman said a possible half-point rise in interest rates will be on the table at the fed s may meeting. the federal reserve does hope raising interest rates will get inflation under control in the u.s., but rate hikes could also, of course, impact consumers who have already been hit by rising energy and food costs driven by the pandemic and the war in ukraine. richard quest explains more. reporter: the market has ended the week truly unhappy with more worries about rising inflation and policymakers now talking about raising interest rates faster and more harshly than before, so there s a realization that the good times
than 2.5%. and the federal relief chairman said a possible half-point rise in interest rates will be on the table in the fed s may meeting. they hope raising interest rates will help get inflation under control, but that could also impact consumers, already hit by rising food and energy costs. richard quest explains. reporter: the market has ended the week truly unhappy. with more worries about rising inflation and policymakers now talking about raising interest rates faster and more harshly than before, so there s a realization that the good times have gone for the time being. in the united states, as the prospect of a half percentage point rate rise from the u.s. federal reserve.