plus, russia s military falling apart. soldiers revolting against commanders calling themselves sacrificial lambs as the battle between russia s army and the private military wagner group spills out into the open. and hundreds of migrants trying to storm the u.s. southern border. frustration with biden s policies boiling over. this is the u.s. boarder you re looking at and we ll tell you what s happening there. let s go outfront. and good evening. i m erin burnett. outfront tonight, bank crash. stocks of dozens of regional banks across the united states plunging to record lows today. the situation so volatile that trading had to be completely stopped, halted for roughly a dozen of those banks. here s just a few to show you what happened in the hours they were even opened for trading. first republic bank, 66% lower at one point. western alliance bank corp, 60% lower. pac west, 34% of its value gone. first horizon, about a quarter of its value erased. it was a head-spin
buying russian energy. put sanctions on the indians for doing that. no one s going to do that. so, the u.s. we don t have a global order, we have a fragmented order. the united states may be the leader on security, it s not the leader on all things economic. and you re seeing that play out with russia. ian, thank you very much. sobering. and, next, live pictures of trump in iowa, his former fixer michael cohen today went in front of that new york grand jury. is an indictment for trump imminent? plus, former first lady michelle obama opening up by why she was often surrounded by kids during her time in the white house. they lifted me up. puffs ha. .and brings soothing relief. don t let yourur nose get burned. a nose in need deserves puffs indeed. america s #1 lotion tissue. how many rooms are in there? should we go check it out? yeah. we get to stay here all weekend! when you stay at a vrbo. i call doing the door code!
the sanctions regime has been deployed, together with the military assistance, from the west, to ukraine, because what you need is a two pronged approach. we need the immediacy of the military assistance to ukraine and we need the longer term approach of sappingion against russia to ensure, to prevent yushchenkoist russia from being able to do this in the future. sanctions on their own is not enough to get out of this conflict but together with military assistance, together with military assistance, together with europe moving away from buying russian energy is a way of putting maximum pressure on russia domestically, on the ground militarily and in terms of the energy e port in trying to convince president putin to end this conflict and to help ukraine on their side to win this war on the ground. thank you. michael. i want to come back to you, nato is pouring more
difficulty to manufacture tank, to find new components for example for the weapons, but, it is important that the sanctions regime has been deployed, together with the military assistance from the west to ukraine, because what you need is. we need the immediacy of the military assistance to ukraine and we need the more longer term approach of sanctions against russia, to ensure us, the us has talked about to prevent russia from being able to do this in the future, so sanctions on their own is not enough to get out of this conflict. sanctions together with europe for example moving away from buying russian energy is a way of putting maximum pressure on russia domestically, on the ground militarily and in terms of the energy export, in trying to convince president putin to end this
from the supplies? that because it will not get the income from the supplies? because it will not get the income from the supplies? that is true. in a broader sense from the supplies? that is true. in a broader sense of from the supplies? that is true. in a broader sense of the from the supplies? that is true. in a broader sense of the scale, - from the supplies? that is true. in a broader sense of the scale, with | a broader sense of the scale, with the russian invasion of ukraine, the whole of europe, there has been a fundamental mindset change about buying russian energy which has taken vladimir putin somewhat by surprise possibly because of europe s lukewarm response to the annexation of the crimea in 2014 and his earlier invasion of georgia. perhaps he thought he could get away with it. but there has been a sea change in european values when it comes to buying energy. it is not going to go back to the situation which was the case before the war. they are not going to buy en