unfolding in the banking sector has boosted the odds of a recession in the u.s. within the next year. but treasury secretary janet yellen is about to wrap up her senate testimony and she argued the fallout has been contained. i can reassure the members of the committee that our banking system is sound and that americans can feel confident that their deposits will be there when they need them. this week s actions demonstrate our resolute commitment to ensure that our financial system remains strong and that depositors savings remain safe. now, the market seemed skeptical until they got word that chase and morgan stanley are considering rescuing the struggling first republic bank. regional bank stocks are mixed, which is actually a major improvement from earlier today. elsewhere in the economy some promising new data on jobs and mortgage rates. we have cnn s matt egan, who s here once again to help make heads or tails of all of this for us. okay, matt, let s start here wit
3,656 people who will not be spending the holidays with their families. They likely did not get to say goodbye to their loved ones in person. Those future generations will also learn about the day before yesterday and the day before that. Every day we are shattering these new records for the deadliest days in our nations history. And hospitalization records as well. Look at this. 113,000 americans were admitted just yesterday. And until that, those numbers will get bigger. We just surpassed 17 million cases. More americans will die, and where is this countrys leadership . What has President Trump done this entire week to address this pandemic . Absolutely nothing. 3,656 americans killed in one day. It is no stretch to call that a national tragedy. And what has he and his America First agenda done to address it this week . Absolutely nothing. Nevertheless, the scientists, the epidemiologists press on. Cnns sara murray has more on the details of this second vaccine from moderna and the g
Cnns special report pandemic how a virus changed the world in 1918, it airs saturday night at 9 00 p. M. Eastern time. Just a reminder, about an hour from now, cnns don lemon and dr. Sanjay gupta are hosting a special town hall the color of covid the vaccines. Dr. Anthony fauci and Surgeon General jerome adams will be there to answer your questions. Now the news continues. So lets hand it over to chris for cuomo prime time. Thank you very much, john. I am chris cuomo and welcome to prime time. The Moderna Vaccine is now authorized for emergency use. But will we be able to get it to the people who need it in time . And a Government Shutdown has been averted for at least two days. But will congress get money to the hungry before christmas . These questions demand answers and action from the people who have the honor of doing our business. We must demand those answers and action. Again, why arent we being given the facts and figures about where the vaccine is going . Why doesnt anyone see
Imus in the morning yes, the world is in love with smart phones. New developments. Good morning, everyone, theres a published report that apple will produce a cheaper iphone for the china market, redesigned, big screen. Apple not happy with its alsorun status in the biggest market in the world and then theres the samsung galaxy, it leads the iphone in sales and shows on its bottom line. In a threemonth period, samsung forecast record profits of more than 8 billion dollars. Meanwhile, a new cliff approaches faster than we thought. The government runs out of money on february 15th according to one think tank. So here we go again. A new countdown to disaster. Deja vu all over again. Varney company is about to begin. What are you doing . Nothing. Are you stealing our Daughters School supplies and taking them to work . No, i was just looking for my stapr and my. This thing. I save money by using fedex ground and buy my own supplies. Thats a great idea. Im going to go. We got clnts in today.
Fears skyrocket. The combination forcing halt in trading this morning after stocks lost 7 shortly after the opening bell. And now the white house is inviting wall street executives and that includes bank ceos to a meeting this week on coronavirus as President Trump huddles with his advisers on this issue and that meeting is set as a number of confirmed cases jumps to 100,000 worldwide and that includes this cruise ship where at least 21 people have tested positive for coronavirus. These are live pictures out of oakland, california. And any minute now the passengers, 2,400 passengers and 1,100 cruise members on the grand princess will dock after being at sea for the last couple of days. Lets go to california, dan simon is there at the port where the ship is expected to off load thousands of people. So, dan, what is the plan . Reporter well, it is finally coming to shore. You could see it in the San Francisco bay behind me here entering the port of oakland and this is a process, brooke,