you are in the cnn newsroom. i m paula reid in washington. jim acosta is off. a major move today in an attempt to halt a global banking crisis. switzerland s largest banking group ubs just agreed to buy its rival credit suisse in an emergency rescue bid. the purchase is aimed at halting investor panic brought on by two sudden u.s. bank failures this month. the deal comes after shares of the ailing bank lost 25% over the last week. even an emergency loan from the swiss national bank failed to stop the fallout. cnn reporter anna stewart will join us in just a moment, and cnn global economic analyst, rana foroohar joins us now. all right, rana, can you explain to us this deal? yeah, absolutely. so a little bit of con context. credit suisse has been a troubled bank for some time. so this, you know, this is a bank that over the last couple of years has had any number of crises. it s been considered weak in the marketplace. even late last year, it was having its own problems to
. . . . you were in the cnn newsroom paula read in washington, jim acosta is off. we begin with the latest emergency act aimed at a time global banking crisis, switzerland ubs is buying the rival credit suisse after the bank lost 25% of value the past week as major depositors fled in droves. even as an emergency loan from the swiss national bank failed to shore up confidence. that bank says the take-over of ubs should, quote, secure financial stability and protect the swiss economy. joining us is cnn economics and political commentator catherine, first i want to go cnn anna stewart. put this in perspective, how big of an announcement is this. this was for the time one of the biggest banks in the world and definitely a major bank in europe. being in the midst of a huge set of restructure the last couple of years, it was already under pressure and you ve seen the pressures on the banking sector with silicon valley bank, you can say it was a weak link started to debuckl
how alvin bragg s policies are empowering criminals. bill: democrats dismiss it. ] s indictment of donald trump is the reason they re here. the victims of crime tell a very different story. dana: one of the people we re hearing from today is jose alba. last year a repeat offender attacked him last year in the deli where he worked. he fatally stabbed the attacker in self-defense. bragg s office initially charged him with murder. bill: that prompted a massive public outcry. bragg dropped the case under great pressure. republicans say that this points to a larger problem with progressive prosecutors. it s driven by these left wing d.a.s who come in with a political agenda. instead of focusing on protecting people, families, communities an small business owners they are about politics and it s almost like every night you see some senseless act of violence on our screens that happen on the subway or city street and it is just wrong. dana: we have reaction from john levi
attorney over a $130,000 check to stormy daniels prosecutors call hush money. my next guest, former u.s. assistant attorney to the southern district in new york says this, andy mccarthy in national review. progressive prosecutorsal village brs, alvinbragg. we shouldn t lose sight that it s good for democratic political fortunes in the long run. andy, surprised we are at this point even though there is no confirmation of it? where do we go from here. it s not easy to be surprised because of all the reporting we have seen the last couple weeks and the d.a. seems to do the things you would do when you are serious about wrapping up a case. it hasn t happened yet, but i imagine early next week we ll see it. brian require understand you do not think much of this case. it took place in 201 in 2007, ae payments in 2011. alvin bralg walked away from this case. what happened? it hinges not only on the testimony of the porn star, stormy daniels who look, i think it s credible for
[national anthem] will: good morning and welcome to to fox & friends on this beautiful sunday morning with your photos adorned over the national anthem. we love it. please keep sending your epo toes to friendsth the foxnews.com. friends@fox news come. rachel: so many all american cuties as that little girl s shirt said throughout the photos, young and old. keep sending them in. joey: those pictures are the coolest thing on any tv show to really bring the audience into our conversation. and what it does,es it reminds us every morning why we re sitting here talking about things, sometimes mad about some things, sometimes laughing, but it s those people at home, the 300 million americans that i had the honor of serving and we get the honor of august to. will: glad to have joey in for pete hegseth, i stayed up way too late last night, past my morning show bedtime to watch the texas longhorns take down the penn state nittany lions. rachel: was it worth it? will: yeah, it w