illegally. he was here in my county. five people died in my county, and that s where my heart is, in my heart is. we protect our people to the best of our ability. a texas sheriff reacting to the latest deadly mass shooting in america. this time it s five people shot in their home by their neighbor. we ll have the latest on the manhunt for the gunman. plus, former president donald trump is making headlines for hugging a woman who served time in prison for taking part in the capitol insurrection and who has also called for the execution of members of congress. and we ll have an update on the efforts to evacuate americans out of sudan, now more than two weeks since the deadly violence broke out in that country. good morning and welcome to way too early on this monday, may 1st. i m jonathan lemire. thanks for starting your day and week with us. we ll begin with breaking news. another american bank has failed. just this morning, financial regulators in california seize
good morning and welcome to way too early on this monday, may 1st. i m jonathan lemire. thanks for starting your day and week with us. we ll begin with breaking news. another american bank has failed. just this morning, financial regulators in california seized first republican bank after it lost $100 billion in deposits last month. it marks the second largest bank to fail in the history of the united states. the feds struck a deal to sell most of the bank s operations to jpmorgan chase. according to the wall street journal, the move heads off a chaotic collapse that threatened to reignite the recent banking crisis. we will have much, much more on this in our business block straight ahead. we move now, though, to the manhunt in texas for a suspect accused of killing five of his neighbors including a 9-year-old boy in a rural area outside of
borrowing, potentially leading housing market history to repeat itself. it s like they don t want to learn the lessons of, you know, back in 2008. what they are doing is repricing mortgages and recreating the elements that led to the 2008 financial crisis. and they re doing it for short-term politics. the fhfa director is pushing back though. she says, to be clear, the series of steps taken by fhfa to update fannie mae and freddie mac pricing framework will bolster safety and soundness. this new rule goes into effect this coming monday, may 1st. bret? bret: grady trimble on capitol hill. grady, thanks. strong tech earnings sent stocks soaring today. the dow gained 524. the s&p 500 jumped 79. the nasdaq surged 288. let s go in-depth on the economy. larry kudlow on fox business joins us now. larry, good evening. i tell you, you look at the marks today and say wow, they
plant and we have new exclusive reporting about a proposal to remove clean water protections in alaska. a move made after pruitt met with a mining company executive. we have details on how it happened. reporter: the meeting at epa headquarters was brief and to the point. by the time it ended a mining company hoping to dig for gold and copper got just what it wanted. on monday, may 1st, the ceo of pebble limited partnership asked epa administrator scott pruitt to withdraw environmental restrictions on alaska s bay. they were put there by the obama add min stratsministration to s company from building a massive mine. he quickly agreed. a little more than an hour after he met with the mining ceo, epa staffers were shocked to receive this e-mail obtained exclusively
how on that meeting took place and what s at stake. the meeting at e pa headquarters was brief and to the point. by the time it ended a mining company hoping to decision for and got what it wanted. monday, may 1st got what it want. it asked scott prosecuted to withdraw restrictions on alaska s police toll bay, they were put there by the obama administration to stop that company from building a massive mine. pruitt agreed. little more than an hour after pruitt met with the mining ceo, e pa staffers were shocked to receive this e-mail obtained exclusively by cnn. which says, wev directed by the administrate to withdraw the restrictions. the proposed protection of that