extraordinary effort to reassure americans that the u.s. banking system is safe plus, poland is set to become the first country to send fighter jets to ukraine. it comes amid new reporting that china s leader will visit russia next week. those new developments are also straight ahead. and donald trump goes off on a frenzied defense amid a series of investigations. we will have the latest on the probes involving the former president. good morning and welcome to way too early on this friday, march 17th happy st. patrick s day. i m jonathan lemire. thanks for starting your day with us. in the words of cnbc, wall street rides to the rescue 11 of the country s largest banks are depositing a total of $30 billion to first republic bank to avoid a third collapse of the u.s. bank in less than a week first republic serves a similar clientele as silicon valley bank and signature bank, both of which failed in recent days. those banks had a high number of uninsured deposits as d
ahead this st. patrick s day friday starting with desperate measures on wall street. nearly a dozen banks teaming up to prevent this week s financial turmoil from spreading their $30 billion life line to save another major bank from potential ruin as janet yellen works to sooth the markets and reassure americans that their money is safe. 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. plus major move in china s partnership with russia, announcing this morning that xi jinping will visit russia next week at the invitation of vladimir putin that comes as russia continues to search for the downed u.s. drone intercepted by a russian fire jets. why the pentagon says russia won t find anything useful even if they do track it down and rage on the streets of paris, thousands of protestors rise up over an unpopular move by macron raising the age of retirement
tightened too much. indeed, suggests that we still have work to do. if you ever find an airline pilot said it worked with the federal reserve, get off that aircraft. the 16th largest u.s. bank chanced today and took a nervous stock market with it. the latest talk is that this might pause the federal reserve in this latest interest rate hike cycle. the betting seems to be when they gather next week, maybe no rate hike, period. neil: one year, can you believe it? a year ago today it all started. eight interest rate hikes later, the federal reserve must decide whether next week it should make it a ninth. even as credit swiss is receiving a $54 billion life line to keep it going. news hoff a $30 billion rescue for a bank, first republic. that helped stocks rebound. we re tracking it all, this incrediblier and where we stand now from main street to wall street, from the federal reserve to capitol hill to the white house as well. with rich and robert on what could be the ne
i had my first cancer diagnosed about six or seven years ago. that waiting time is very, very hard. i don t think until you have been through it, you can actually understand it. despite the walk out, some hospitals are able to continue with some routine operations, but it is a mixed picture. the full impact on cancellations will not be known for a few days. one thing we re seeing that is different from other strike days is that demand for care has been sustained. in previous strike days, we saw that drop. it means the nhs is trying to keep things going, it was already overstretched, but it has fewer resources at its disposal. the government says the bma s pay claim is completely unaffordable. it s urged officials to call off the strike and enter into pay talks along with other health unions in england, and help bring this ongoing dispute to an end. katharine da costa, bbc news. new employment figures showjob vacancies in the uk have fallen for the eighth time in a row. the of
The amount banks borrow from the Federal Home Loan Banks ticked higher last week, a harbinger of more demand ahead as a key central bank funding facility expires next month.