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
a chinese rocket launching a weather satellite briefly forces planes flying to and from northern taiwan to alter their routes. hello, i m lucy grey. at least 56 people are dead and almost 600 injured in sudan because of a power struggle between the sudanese army and a notorious paramilitary force. among the dead were three un workers, who were shot after the two sides exchanged gunfire at a military base. the united nations secretary general has condemned the fighting, amid fears it will derail the transition to civilian rule. both the army and its opponents, the rapid support forces, claimed they had control of the airport and other key sites in khartoum, where fighting continued overnight. the foreign ministers of saudi arabia, the uae and the united states, who ve been backing the civilian transition process, have issued a joint statement calling for a halt to military escalation and a return to the framework agreement. the sudanese telecom provider mtn says it s blocked i
mitchell reports, the nashville community reeling from the covenant school mass murder but praising the courageous police officers who rushed into harm s way to end the threat. the nation learns more about how the shooter obtained so many high powered weapons. this hour, former vice president mike pence kicking the tires on a 2024 run in iowa today as he decides whether to appeal a federal judge s ruling that he has to testify before the special counsel grand jury investigaing donald trump s attempts to overturn the election and the insurrection. there are tens of thousands of apps that we know take in as much data as tiktok. howard schultz in the hot seat. accusing starbucks of breaking labor laws and opposing their workers rights to join unions. have you ever asked a worker, if you hate starbucks so much, why don t you go work somewhere else? i m glad you asked that question. i read in the press that quote. that s not exactly what i said. can i tell the story? d
good to be with you, i m katy tur. first it was the leaked memo from an air force general, warning his officers to prepare for a hot war with china in 2025. then it was news the u.s. is expanding its military presence in southeast asia, adding four more bases in the philippines on the doorstep of china. and now, the pentagon is faced with a chinese spy balloon first spotted over montana, which, by the way is home to one of the united states three nuclear silo fields. just a moment ago in a series of questions from reporters, brigadier general patrick ryder confirmed the balloon is not just drifting, that china is in control of it. the balloon is maneuverable. clearly it s violated u.s. airspace, and again, we ve communicated that fact to the prc. the fact is we know that it s a surveillance balloon. and i m not going to be able to be more specific than that. and we do know that the balloon has violated international airspace and international law which is unacceptable. we