some protesters following clashes and we will have more in the programme. russia has launched another wave of missiles at ukrainian cities in the early hours of the morning, the second predawn attack in three days. in the us first republic bank has become the third bank to collapse in a matter of months. it was bought byjp morgan chase. now we have the sport and a full round up. we will begin with the women s champions league. a crowd of more than 60,000 is expected at the emirates for arsenal against wolfsburg. a record attendance for a women s club match in the uk is expected and kick off is a few hours away. football right football arsenal are expecting a tough game especially with their injury problems. they need to be clinical. a lot of injuries this season, and they do lack a cutting edge, but they got the goals in the first leg and that is what they have got to do, take their chances, because wolfsburg are a fantastic side with experience in the champions league and
let s start in the us where some of the worlds leading money managers are warning the collapse of another american bank could lead to a credit crunch and an economic slowdown. constrained lending as a result of stricter banking regulation could stifle credit to the us economy at a critical time. we ll get an expert view on this in a moment but first here s my colleague samira hussain on the collapse of first republic. as of monday, first republic customers turning up at their bank are in fact customers ofjp morgan chase. the signs above will soon change. first republic had been under pressure since the collapse of silicon valley bank and signature bank two months earlier. last week, first republic revealed deposited had removed $100 million in the space of a few months. customers feared their money was not safe. investors became convinced that it too was about to fail. riding to the rescue of america s distressed financial system, the boss of america s biggest bank, jamie dim
it s 10:00 eastern. i m ana cabrera reporting from new york. breaking news this morning. first republic bank seized and sold to jpmorgan in an overnight deal. this is now the second largest bank failure in u.s. history, the third major bank to go under in less than two months. how are the markets reacting this morning? and what does it all mean for your money? is it safe? the manhunt for a suspected mass murderer continues in texas. a authorities say they have zero leads. five people are dead, including a 9-year-old boy. a community shaken to the core. we will bring you a live update on where the search goes next. we re asking ever everyone for your help so you can bring this suspect or this monster, i will call him, to justice. a weekend of absolutely wild weather. from a tornado touching down in virginia beach to the historic rise of the mississippi river, expected to crest today in communities already under water. more breaking news. this is out of france where u
six people killed as dozens of cars pile up in a crash caused in part by dust and strong winds. and no script for this, hollywood writers now on strike bringing production to many shows to a sudden halt. welcome to our viewers in the united states and around the world. i m countrhristine romans. president biden calling top leaders to the white house a week from today to talk about raising the debt ceiling. janet yellen said that the federal government face as catastrophic default as soon as june 1 if congress doesn t act. the money runs out june 1. in a letter, yellen writes after reviewing recent federal tax receipts, our best estimate is that we will be unable to continue to satisfy the obligations potentially as early as june 1. and jasmine wright is live for us. this gives a date when all the bills can t be paid and the white house said it won t negotiate. so what does biden want to talk about next week? reporter: the process is president is looking to shake up th
weeks from now. we ll discuss the really dire implications for the u.s. economy if that happens with the former treasury secretary larry summers. also tonight, a huge dust storm causes multiple deaths and dozens of car wrecks in a massive interstate pileup. we re tracking this weather disaster in illinois. and an intensifying man hunt in texas after a gunman killed five neighbors including a 9-year-old little boy. authorities pleading for the public s help as this armed and very dangerous suspect has been on the loose since friday. welcome to our viewers here in the united states and around the world. i m wolf blitzer, you re in the situation room. announcer: this is cnn breaking news. and let s get straight to the breaking news. trashy secretary janet yellen s very very blunt warning about the u.s. debt limit. cnn is covering the story from every angle. our correspondents are standing by over at the white house on capitol hill, and in the nation s financial cente