this is cnn breaking news. i m max foster joining you live from london. bianca is off for the day. we ve got breaking news to bring you at this hour. it is that essentially the second largest bank failure in american history has been announced. first republic taken over by the authorities late last night. and they have sold a large proportion of the assets to jpmorgan chase. thos those assets we re being told is just announced by the federal deposit insurance agency. that s the agency that ensures deposts for customers. this is the third bank to fail in two months. there s a relief other banks haven t failed. as you can see, the medium-size banks are struggling in the united states. there s concern that contagion may spread to other parts of the world. but so far, the authorities seem to be handling each one on a case-by-case basis. as i was aing, j.p. morningen will take over the assets, the deposits held with the bank. customer deposits are safe for now. authorities tryin
as they wait for vaccines and testing. live from cnn center, this is cnn newsroom, with kim brunhuber. president biden has issued a major disaster declaration for the state of kentucky, as catastrophic flooding has killed at least 16 people, including six children. and the death toll is expected to rise. flash floods wiped out entire neighborhoods, scores of people are missing. kentucky governor andy bashir says it s hard to get a fix on the number of cell services out. bridges were demolished, and some homes were completely carried away. for many who have been affected, the damage is devastating. i don t know what we re going to do. we don t have no place to live now or anything. the water got to about there. we had about this much more room before we got flooded, and i ve never seen it that high. we came out of the house, and it was so swift that even a jet ski was hard for him to handle. and he took us out one at a time. federal disaster declaration will free u
longer to go in, get after it, put it out. aerial bombers between the flames and myself and it saved the house. these strikes actually did hit the port of odesa, we have indications that they certainly got close to some grain terminals. translator: this is an overgas war that russia is waging against united europe. it is tuesday, july 26, 9:00 a.m. in london, 4:00 a.m. in washington where congressional hearings on the january 6 u.s. capitol riot are on hold until september. but the investigation is taking a new turn. cnn has learned two former trump administration officials testified before a federal grand jury in washington. marc short on the right served as chief of staff to vice president mike pence, and greg jacob was another top aide. evan perez explains why their testimony is a big deal. reporter: the justice department investigation into the efforts to overturn the 2020 election has taken a major step forward with the former vice president s chief of staff ap
thank you very much. coming up, former president trump is lashing out at jack smith following the indictment. we have the latest on his attack strategy. that s next. when you find your reason to go on, let it pull you past the doubtbt. past the pain, and past your r limits. no matter what, we go o on. biofreeze (vo) consumer reports evaluates vehicles for car shoppers in. reliability, safety, owner satisfaction, and road-test evaluations. and the results are in. subaru is the twenty twen-three best mainstream automotive brand, according to consumereports. and baru has seven consumer reports recommended models. solterra, forester, outback, crosstrek, ascent, impreza, and legacy. it s easy to love a brand you can trust. it s easy to love a subaru. i brought in ensure max protein with 30g of protein.
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