leaves more questions than answers. did the government step in at just the right time or over step with what critics say is another bank bailout? it s not free. it comes with costs. plus, are more banks in danger of collapse? there s just panic. concerns spread to bigger institutions. can you squeeze under the pressure? as bank stocks take a rollercoaster ride. and regulators faced with a dilemma. were they asking the right questions? were they keeping an eye out for this? fight high inflation with rising interest rates. or back off to calm down the troubled banking industry. you can now be rescuing banks and hiking interest rates. bank bust. what s next for america s money? on cnn primetime. good evening, everyone. i m poppy harlow. just one week ago, america s 16th largest bank was up and running, everything seemed fine. tonight, it is collapsed and in government hands. and fears over the broader banking industry are now global. the swiss banking giant a
we begin in the us in what could become the largest product liability settlement in history. the pharmaceutical s giant, johnson &johnson has proposed paying almost $9 billion to settle tens of thousands of lawsuits that allege the company s talcum powders causes cancer. the new move seeks to resolve all current and future claims and follows a decade long legal battle between plaintiffs lawyers and johnson & johnson. my colleague samira hussain with the details. johnson &johnson johnson & johnson has johnson &johnson has been dogged for use by claims that its talcum powder causes cancer. in 2021 it settle a lawsuit in newjersey brought by 21 women who blame the company for that very cancer and is set aside another 2 billion to try to settle all future claims in what could add up future claims in what could add up to thousands of lawsuits. now the company says it will increase the potential size of all settlement to 8 $.9 billion. the company stopped selling it talcum product
25 million americans, multiple states. new york city, philadelphia, boston, wind-chill readings in maine expected to reach 60 below zero. and where the wind chill is already 106 degrees below zero tonight. victor oquendo in massachusetts. rob marciano timing this out. the deadly assault on an e.r. doctor riding his mountain bike. police say the suspect in his car hitting the victim, then allegedly getting out and attacking him. matt gutman reporting. another scare at the airport. this time, newark. two passenger jets clipping wings. one plane full of passengers. the stunning and unexpected jobs report tonight. president biden celebrating the numbers. the unemployment rate not this low since 1969. so, how does this complicate steps by the fed moving forward? rebecca jarvis, as always, breaking it down. the alex murdaugh double murder trial. the defense team, and what a ballistics expert acknowledged today. and tonight, the story of alex murdaugh s housekeeper dying in
welcome to our viewers in the united states and around the world. this is early start. we begin with global markets in turmoil in the wake of the failure of two major commercial banks, svb and signature bank in the united states. global markets, asian shares closed down sharply as investors fear further bank collapses to come. european stocks have been climbing though in the last few hours, a mixed performance now, but trying to find some footing this europe. and look at u.s. futures, they are up slightly. we ll try to make sense of all of this for you in a moment. one place you don t want your investment dollars right now, regional bank stocks. first republic shares first more than 60%. western alliance bank corp down 47%. driving the u.s. market overall, extreme fear. according to cnn business fear and groeed index. clare sebastian is joining us now. explain why u.s. futures are up again. yes, and there has been five straight down sessions, basically a week of losses le
25 million americans, multiple states. new york city, philadelphia, boston, wind chill readings in maine expected to reach 60 below zero. and where the wind chill is already 106 degrees below zero tonight. victor oquendo in massachusetts. rob marciano timing this out. the deadly assault on an e.r. doctor riding his mountain bike. police say the suspect in his car hitting the victim, then allegedly getting outmatt gutma another scare at the airport. this time, newark. two passenger jets clipping wings. one plane full of passengers. the stunning and unexpected jobs report tonight. president biden celebrating the numbers. the unemployment rate not this low since 1969. so, how does this complicate steps by the fed moving forward? rebecca jarvis breaking it down. the murdaugh double murder trial. what a ballistics expert acknowledged today. and tonight, the story of alex murdaugh s housekeeper dying in a fall at the home. what the family says they never knew. prosecutors s