americans. the secretary of state is putting off a trip to beijing meant to reset relations lawmakers demand more details on the pentagon knows. will ring at senator tom caught a member of the senate intelligence committee. then. these critics are wrong our plan is working. shannon: and drop support win for president by the head of the state of the address. but recession concerns remain. of inflation, no matter how many new jobs are created. we will discuss with white house economic advisor jared bernstein. and. light leadership invoice will not be diminished. republicans vote to remove congresswoman omar from the foreign affairs committee passing her site comments on terrorism in israel. individuals who hold such hateful views should be barred from that committee. practices targeting women of color preference will ask our sunday panel about the political battle of who gets a seat at the table. plus. the beloved hostess who has been a source of support for thousands of
inflation. prices fell dramatically last month for manufacturers. of course, those costs passed down to consumers eventually. the flip side, there are still banking fears simmering, futures way down ahead of the opening bell, you can see there. what all of this means as we get another big decision coming, that is, the feds, whether it will raise interest rates again. plus this morning escalating tensions after an alarming encounter over the black sea, a russian fighter jet colliding with an unmanned u.s. drone. that $23 million aircraft then crashing into the sea and the race is now on to recover it. extreme life-threatening weather continues to hammer both coasts this morning. record rain, swamping california, heavy snow, 3 feet in some areas, burying the northeast. this morning nearly half a million people without power. we are going to get to all of that, but we do want to begin with the economy this morning, this new data that just dropped, cnn chief business corres
failed within three days of each other. that led credit for moody s to downgrade its outlook for the entire u.s. banking sector. and those worries skyrocketed today because of troubles facing the global investment company credit suisse. the saudi bank failed to rule out giving funding to the already embattled company that combined with the recent u.s. issue sent stocks falling. i want to bring in business reporter rahel solomon, rahel, walk us through what happened today. well, jake, basically the mood for investors, as investors search for the next sign of weakness. to be clear, i think the nasdaq actually closed slightly higher which is interesting. but this is really just a confidence issue at this point. you can see that reflected very clearly in some of the bank stocks. i want to point your attention to some of the regional stocks, jake, you and i have talked about already. first republic bank off 21%, pac-west off 5% on top of the losses. it s been a rough go for some
timberlake with sunshine in your pocket? rachel: does it make you want to move? will: doesn t add up. pete: no rachel: but the song makes me want to just dance. pete: you wouldn t be dancing up there. will: is that the great ice wall of new hampshire? what is that? rachel: looks like some sort of ice cave or something. pete: i think it s an overlook. i think you can probably hike up there will: it s an observatory pete: and look out. will: it looks like the wall that the keeps the white walkers from coming down into game of thrones area. pete: or that. will: or that. hey, good morning. rachel: our studio down stains feels about down stairs feels about as cold. will: grab a cup of coffee, we re on the fourth hour of fox & friends. pete: fourth hour. will: she s going to pick up at least she s here this hour. pete: she missed the top of the last hour. rachel: i did. [laughter] pete: we started out joking about it will: she was two minutes late are. rachel: you t
to governor itself, the district should have autonomy and some of them are saying they re disappointed. d.c. has this right, it s a sad day for d.c. home rule. deeply disappointed. it is a very divisive issue for the democrats and it is a har b harbinger on the issue that democrats may have on crime going into this election. certainly something to watch. thank you so much. it is the top of the hour on cnn newsroom. hello, everyone. today disgraced former south carolina attorney alex murdaugh was sentenced to life in prison for the murders of his wife, maggie and his youngest son paul. a judge handed down two consecutive life sentences without parole for the killings. his defense team plans to file an appeal in the next few days. before he was sentenced, the former lawyer maintained his innocence. i ll say it again. i respect this court. but i m innocent. i would never under any circumstances hurt my wife maggie and i would never under any circumstances hurt my son p