bank failures, silicon valley bank and signature bank. christine romans, what is happening with credit suisse is different, but it s also spooking thing market. it is. so this is european banking fears that are now spreading back into an already fragile and vulnerable u.s. system. credit suisse down 20% to a record low. several european bank shares are halted in european trading. so that s just feeding into the worry about rising free agents and fragilely in the world. dow futures down 1.5%. if this holds this would take away the rally in yesterday. nasdaq, s&p futures also lower here. the regional banks that bounced back in the u.s. yesterday a sign of stability, a sign of relief, a mixed performance. first republic shares in premarket trading up a little bit. some of the other banks are down and again what folks are really zeroing in here is what are the exposure to these banks, these long-term treasuries, long-term securities that are going to be hard to sell in the near
that hearing is young way right now in texas. the house homeland security committee is holding a hearing on protecting the southern border. democrats were supposed to be there before they backed out suddenly earlier this week. the hearing comes after more than 1,000 migrants rushed across the texas bridge and smugglers are going to new depths to hide things in plants even as they try to evade the border. we ll have the latest from the border coming up. sandra: from the hearing as well. we begin with this fox news alert as the stock market right now in the u.s. has fallen to its lows of the session over growing fears on whether the president can meet the moment to protect the u.s. economy. big questions are looming at this hour. we will dig into it. hello and welcome, everyone. i m sandra smith in new york. john, good to be you. john: always something. john roberts in washington. this is america reports. credit suisse their shares heading to an all time low, trading te
downgrading the outlook for entire banking sector warning of rapid deterioration, my exclusive interview with a senior chairman and former ceo of goldman sachs is next. a russian fighter jet forces an american drone to crash into the black sea, fears growing of escalation as the battle in bakhmut intensifies further, a ukrainian soldier on the front lines is my guest the tonight. and ron desantis does a complete 180, florida governor says backing ukraine is not in america s best interest. it is the opposite of what he said when he was in congress. you will hear for yourself what the kfile found. let s go out front. good evening, i m erin burnett. out front, rapid deterioration those are the words used by the bond credit rating king moody, how they re describing the bank sector in the united states downgrading outlook from american banks to negative. warning of sharply rising deposit costs and go on to say, quote, pressures will persist and be exacerbated by more increases
obviously, tensions are already high between the two nations over involvement in ukraine. senior correspondent mike tobin is in kyiv tonight with the latest on this. good evening, mike. good evening, bret. a brazen violation of international law. that s the way the state department describes this contact between a u.s. drone and two russian fighter jets that ended with the u.s. drone being ditched in the black sea. the pentagon says for a half hour this morning two russian su-27 fighter jets harassed a u.s. mq 9 reaper drone in international fuel space. dumped fuel on it and pass sod close struck one of the propellers dropping it down into the southwest of crimea. this is the first contact of this sort since the height of the cold war. this incident demonstrates a lack of competence in addition to being unsafe and unprofessional. russian defense ministry denies that the jet impacted the u.s. drone and says the drone was headed in the direction of russia with its transpo
the president will condemn, quote, the terrorism motivated by a hateful and perverse ideology that tears at the soul of our nation. we are told the president will call on americans to, quote, give hate no safe harbor and to reject the lies of racial animus that radicalize and divide us. he will also call for federal legislation to keep guns from the mentally ill. this morning, we are getting new details about the suspect in buffalo, the investigation and new copycat threats against that city. this cell phone video taken by an eyewitness at the moment the suspected shooter was taken into custody. new evidence shows he spent several months carefully planning the attack. he was here. we found some things that show that he was here in early march. and then again, we know that he was here on friday, basically, doing reconnaissance on the area. the suspect had also considered attacking churches or elementary schools. according to his own social media posts but he hesitated beca