downgrading the outlook for entire banking sector warning of rapid deterioration, my exclusive interview with a senior chairman and former ceo of goldman sachs is next. a russian fighter jet forces an american drone to crash into the black sea, fears growing of escalation as the battle in bakhmut intensifies further, a ukrainian soldier on the front lines is my guest the tonight. and ron desantis does a complete 180, florida governor says backing ukraine is not in america s best interest. it is the opposite of what he said when he was in congress. you will hear for yourself what the kfile found. let s go out front. good evening, i m erin burnett. out front, rapid deterioration those are the words used by the bond credit rating king moody, how they re describing the bank sector in the united states downgrading outlook from american banks to negative. warning of sharply rising deposit costs and go on to say, quote, pressures will persist and be exacerbated by more increases
we ll have the latest. good morning. the heat continues to build over the next few days. today it is looking dry, with strong sunshine, and it will feel very warm, especially in the south. i will have all the details throughout this morning s programme. it s sunday, iothjuly. our main story: eight candidates are now officially running in the conservative leadership contest, following a series of announcements from senior figures within the party. the former health secretaries, sajid javid and jeremy hunt, are the latest to come forward and the foreign secretary, liz truss, is expected to declare in the coming days. our political correspondent, jonathan blake reports. the two newest entrance into the race are the first to set out detailed plans, and both focus on economic policy. entrants. jeremy hunt, who lost a borisjohnson in the final two last time around, promises to council rise in corporation tax, and reduce it further. to cancel. he would also cut business rates
pressed congress in 2015 to exempt silicon valley bank because of the low business acts. congress ultimately did just that. few months ago, becker was touting the strength of svb and prospects for the future. we re feeling good about this the situation with the position we re in right now our balance sheet capitol ratio liquid di never been stronger. you would think becker could have known better after all, this is a sophisticated guy. he held a prestigious position on the board of directors of the san francisco federal reserve. right? that is until svb failed friday. now he s no longer on the board according to a fed spokesperson. nowhere to be found on the website for the board of directors. out front from the white house to begin coverage tonight and phil i know you re getting new information from your sources what are you learning it s interesting when you talk to senior administration officials who are involved in both the emergency deployment of facilities over the course.
the first two who stayed in boris johnson s cabinet, nadhim zahawi, the chance of a, he wants to see tax cuts. he was to protect children from what he seas as radical activists. grant shapps talking about the need for an emergency budget. when it comes to sajid javid, the former health secretary, who wants a lot of tax cuts, he wants to scrap tax rises that came in enable on national insurance to help thunder getting the backlog in the nhs down. when he was in the cabinet he believed that was necessary but now he has a plan that wouldn t needed to stay in place. jeremy hunt talking scrapping corporation tax and more business acts in deprived areas, which could play well with mps who represent conservative seats in the north of england, so called redwall seats. this may not be a full field yet. there is a lot of chat about the