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united states and around the world. i m fareed zakaria coming to you from new york. today on the program, panic in the markets as the banks need rescuing again. i ll ask one of the people who was at the center of the storm the last time around, the former ceo of goldman sachs lloyd blankfein about whether the system is stable. and is your bank account safe? also, how did it come to this? did we learn the wrong lessons the last time? i ll talk to gillian tett of the financial times. then, don t mess with the french people s retirement plans. that is the lesson from weeks of strikes and protests that sent chaos in parliament as government pushed through their policy anyway. which brought the outrage right back to the streets. we ll tell you what you need to know. but first, here is my take. on his trip to saudi arabia last year, president biden made an emphatic declaration about u.s. policy in the middle east. he said, we will not walk away and leave a vacuum to be filled
it s the top of the hour in cnn newsroom. we re following multi-. concerns about that chinese spy balloon hovering over the u.s. secretary blinken just postponed his stop in china. the pentagon is about the size of three buses. it s huge. it was spotted soaring over montana at 60,000 feet. just moments ago the balloon was spotted over columbia, missouri. the national weather service tweeted these images of what they say is a large balloon in the kansas city area. despite growing calls to shoot it down, for now president biden is opting against that. the chinese are saying it s a weather balloon that blew off course. we re aware of the statement. the fact is we know it s a surveillance balloon. i can t be more specific than that. we know the balloon has violated u.s. air space and international law which is unacceptable. we ve conveyed this directly to the prc at multiple levels. john miller is here with us, cnn s intelligence analyst and kylie atwood. tell us abo