have gone down. that s the problem at signature. that s the problem at svb, and that could be the problem at all these other banks. they could have too many bonds, their assets could have diminished. we won t know. the fed is still raising rates, so there could well be a couple more hiccups before this is over. richard quest in israel for us, thank you so much. right now president biden is announcing a landmark agreement with the governments of the u.k. and australia to develop a fleet of nuclear-powered submarines. let s go to cnn s jeremy diamond in san diego where they re speaking. this fleet would theoretically strengthen naval forces in the asia-pacific region. at the same time china is aggressive in bolstering its own navy in the same region. what s the significance of this announcement and what have you
wall of steel. in his first speech of his unprecedented third term of president, the biggest applause came after xi repeated the pledge to reunite thailand with the mother land. it marks the end of a week-long political meeting that saw xi further consolidate his power and drive home how china needs to fortify itself against america s campaign to contain the country. less than a day after his speech, u.s. president joe biden hosting british and australian leaders to discuss details of the new aukus defense pact seen as a bid to counter china in the pacific. china s new foreign minister accused washington of plotting an asia-pacific version of nato and called america s china strategy a reckless. reporter: china s number two
saw nikki haley who is running for president slamming biden for what she called a bailout. then governor desantis said that he thinks the bank s failure, silicon valley bank was about the fact that the bank was too focused on dei, diversity, equity and inclusion programs. take a look. this bank, they re so concerned with dei and politics and all kinds of stuff, i think that diverted from them focusing on their core mission. what do you make of that? i make of it that ron desantis is thinking about running for president and he s going to do it on the bank of the, quote, unquote, culture wars. on its face, if businesses can t adhere to their core mission and also consider treating people fairly and equitably and addressing any deficiencies they might have on those measures, then what are we saying about
military moves in the region, but he s also seeking to normalize diplomatic relations, military communications which china has been reluctant to re-establish with the united states. u.s. officials say that raises the risk of miscalculation. as president biden looks for steps to counter china, he s also looking for ways to try to reduce those risks of miscalculation going forward. jeremy diamond, thank you so much. our national lead. enraging environmentalists, the biden administration approved a massive oil drilling project on alaska s north slope. it breaks a biden campaign promise to end new oil and gas drilling, but it does please alaska s bipartisan congressional delegation. the white house is making the move over progressive democrats and environmental groups who say it will hurt the climate goals as well as the planet. cnn s rene marsh joins us with details.
longest-serving party leader in history. by all accounts, his recovery is going well. discharged from the president who, will continue rehab but also suffered a minor rib fracture. manu raju, thank you so much. coming up, the new legal test of one of the most controversial aspects of the quite controversial texas abortion ban. stay with us. the monster, the outlaw. and you can t forget about the boss. sometimes- you just want to eat your heroes. the subway series.s. the greatest menu of all timeme. it s easy to get lost in investment research. introducing j.p. morgan personal advisors. hey david! connect with an advisor to c. let s find the right investmes for your goals. okay, grt. j.p. morgan wealth manement. new kombucha business. . i thought there would be a lot more kombucha. .and a lot less business. inner voice (graphic designer): as a new small business owner. .i ve learned that trying to be the “cool” boss. .is a lot harder when you re actually the “stressed” boss.