deeper trouble, and two credit firms downgraded first republic bank to jump status. though they gave back some ground by the close the dow industrials and s&p 500 still ended the day down significantly. shares of regional banks including first republic were down sharply, in first republic s case by more than 21%. big banks which are more tightly regulated also took a hit with citi group shares down 5%. we ll have more in a moment on what this means to markets and the economy. chris tone romans and phil mattingly with me for that. first we re joined by senator bernie sanders. senator sanders, how much confidence do you have in the banking system right now? and should people watching be worried about their bank and their savings? well, i think we re all concerned about what happened at silicon valley and we re looking at other banks around the country. and i think our hope and our prayer is that there s not going to be contagion. and i think it s imperative that the congress
good evening. tonight, the latest on banking system troubles that appeared to be easing yesterday but came rumbling back this morning. deeper trouble than previously thought. then, kim news that two tragic credit rating firms had downgraded. markets plunging this morning, and that they gained back some ground by the close, the still ended the day down significantly. shares of regional banks, including first republic, were down sharply, and first republics case by more than 21%. big banks that are tightly regulated also took a hit, with citigroup shares more than 5%. good morning the moment on what this means to market economy, your money christine romans will be with me for that. first, we re joined by vermont senator bernie sanders, who chairs the senate labor and pension committee. so sanders, how much confidence you have in the banking system right now? should people what should be worried about their bank in their savings? i think we re all concerned about w
i m rosemary church. just ahead, we are hours away from u.s. markets opening up for a wild day on wall street. stocks tumbling after another bank lands in trouble. we ll look at how this impacts your money. plus it s important that great powers be models of transparency and communication. a war of words intensifying amid an actual ground war. this, as u.s. officials say a russian crew has reached the site where a u.s. drone crashed in the black sea after being hit by a russian jet. and we ll take you live to tel aviv, where israel s president is invoking the term civil war. good to have you with us. global markets, as another bank teeters on the brink of failure. but credit suisse will get a hand from swiss national bank as it plans to borrow $54 billion in hopes of assuring investors. the lender would be the first major bank to be given such a lifeline since the 2008 financial crisis. that feeling the of deja vu sent markets plunging in the nasdaq. the dow and s&
abortion in the united states. this case specifically involves, rather, a drug used in a medication abortion. as of 2020 research shows abortion pills account for more than half of all u.s. abortion and miscarriage health care in this country. the trump-appointed federal judge was at the center of this battle already facing scrutiny. we ll take you live to tech tex and texas and tell you more about why. u.s. officials expressing concern after the drone crashed into the black sea. washington s message to moscow this morning. we are also keeping a close eye on the markets. the dow down just over 500 points now this despite good data on inflation. we ll explain what s behind those numbers at the stock market. but we do begin in texas where the biggest legal battle over abortion since roe v. wade was overturned by the supreme court is happening now. cnn s rosa floores is in amarillo, texas. one judge in amarillo could have national implications here. this judge has a lot of p
the volcano spewing out lava and molten rock, that s become a hit with tourists. and how one 12 year old is turning used crisp packets into hundreds of survival blankets for homeless people. hello and welcome. there were tears ofjoy amongst democrats in the us senate as a landmark bill to tackle climate change was finally passed. after more than a year of intense wrangling, the sweeping reforms are being seen as a major victory for president biden. republicans had tried to derail the legislation, worth $430 billion overall claiming it would undermine economic growth. the inflation reduction act, as it s known, includes almost $370 billion to steer the us economy away from oil, gas and coal. it also contains measures to reduce the price of healthcare and introduce new taxes for business. lea na hosea reports. wildfires, flash floods, drought and melting polar ice caps, extreme weather events increasing around the world because of climate change united states tops the list of