unfolding in the banking sector has boosted the odds of a recession in the u.s. within the next year. but treasury secretary janet yellen is about to wrap up her senate testimony and she argued the fallout has been contained. 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. this week s actions demonstrate our resolute commitment to ensure that our financial system remains strong and that depositors savings remain safe. now, the market seemed skeptical until they got word that chase and morgan stanley are considering rescuing the struggling first republic bank. regional bank stocks are mixed, which is actually a major improvement from earlier today. elsewhere in the economy some promising new data on jobs and mortgage rates. we have cnn s matt egan, who s here once again to help make heads or tails of all of this for us. okay, matt, let s start here wit
we begin with a wide-ranging attempt to restore americans confidence in the u.s. economy, after weeks of troubling financial indicators. treasury secretary janet yellen spoke under oath today to answer questions about the controversial actions she and the federal government took to rescue silicon valley bank. our banking system is sound and that americans can feel confident that their deposits will be there when they need them. this week s actions demonstrate our resolute commit to ensure that our financial system remains strong. yellen also said that no taxpayer money is being used to reimburse those depositors. more on her testimony in just a moment. but first, let s check object markets right now. stocks are surging on word that major banks are in talks to rescue ailing first republic bank. cnn s matt egan is here with us. so talk about this potential rescue of first republic bank. yeah, bianna and victor, over the weekend, we had this government-led rescue. now i
i m lindsey reiser. we have a lot to get to this busy tuesday, starting with a terrifying kidnapping in mexico. the fbi now offering a $50,000 reward for the safe return of four u.s. citizens taken at gunpoint. this video you re watching now shows part of that kidnapping according to a law enforcement official. a gunman appears to drag people into a white pickup truck, one of whom was in mexico for cosmetic surgery. the u.s. ambassador to mexico saying an innocent mexican citizen was killed in all of this. what we re learning about the kidnapping victims and what is being done to bring them to safety. plus, more terror in the skies, caught on camera, federal charges have now been filed against the man you see here, accused of trying to stab a flight attendant on a cross country united flight with a makeshift blade. and trying to open the emergency exit door midflight. i will kill every man on this plane! how passengers jumped in to save the day. and a desperate race t
welcome to a new hour of america s newsroom. i m dana perino. bill: i m bill hemmer, losing battle against drug cartel and human smugglers and surge of fentanyl killing americans by tens of thousands. dana: house republicans held a hearing yesterday. they asked if the border is secure. about 10 years ago we used operational control as a measuring stick of our effectiveness along the southwest border. the secretary said we have operational control. based upon the definition you have, no, no sir. bill: reaction from a moment and geraldo rivera is on deck. start doing mission, texas, bill melugin is standing by to begin a new hour. bill, hello. bill: bill, we are learning of a horrible tragedy, an innocent texas grandma and her young daughter were killed after their car was crashed into by a human smuggler. this is 71-year-old maria tambunga and her granddaughter. they are from ozona, in texas. they are both deceased after they were crashed into by a human smuggl
paycheck problems would take. schedule a demo at com dot com and make the unnecessary unnecessary. hello everyone. i m bianna golodryga. welcome to cnn newsroom america hill. we begin this hour with a trove of new information about the young suspect accused of leaking high level classified information from the pentagon information officials say endangered national security 21 year old jack to share with charged on two counts two federal counts at his first court appearance this morning. he did not enter a plea but will remain in custody until his detention hearing next week to share a who was arrested yesterday at his parents home was an it specialist for a military intelligence unit on cape cod, massachusetts, according to the affidavit to share also held top secret clearance since 2021 starting in december, he posted hundreds of highly classified intel documents to a chat group frequented by video gamers, which later spread on social media. cnn s jason carroll is live outs