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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 he ....
this is gps , the global public square. welcome to all of you around the world. i m fareed zakaria coming to you from new york. today on the program, we ll bring you the latest on the suspected chinese spy balloon. then, we ll move to the economy. but for a change, it might not be bad news. we have some very good news about the american economy. the imf global outlook is less gloomy than it was a few months ago. and then the fed said it wasn t ready to declare victory on inflation, but it is cooling. i will ask larry summers if he agrees. also, crimea, many powerful people have suggested ukraine should be prepared to officially cede the peninsula to russia as part of peace negotiations. but i ll talk to general ben hodges who said no, he can and should take crimea back. but, here is my take. this week marked the third anniversary of brexit and it coincided with a grim verdict from the imf. this year the british economy will do worse than all of the world ....
people. we want to thank everyone for supporting us. are nonviolent protests. also new today, city officials telling msn news that police body cameras were turned off during the beating of nichols. officials telling nbc news that none of the body cam footage was lost. that when police first stop nichols, one of the three officers involved in not activate his camera, and in other turned it on, but the camera fell off immediately. at the sign of the butane, officials said only two officers had their body cameras activated s. meanwhile, protesters around the country are once again mobilizing to demand change from lawmakers. the murder of tyre nichols was horrendous. what we need now is civilian oversight of police, and community control of police. law that will make it clear to police that they cannot beat people to death, shoot and kill people. that there must be one standard of justice in this country for everybody. not one standard for the police, one standard for t ....
at thisim too. steve: todd, we just whoa, large explosion two miles behind me. black smoke coming up. any idea what that was? probably a missile. we ve heard reports that russia says they are using precision-guided missiles. we ve heard a large number of strikes in the pre-dawn hours for the last hour or so. it s been quieter. can you come out here and show that smoke. we ll try to show the gray smoke coming up, just bear with us, this is live tv and we re trying to move a camera. thanks, dallas. you can see in the distance black smoke coming up. we don t know what was hit, it is assumed these are russian missiles targeting command and control centers in ukraine and air defenses in ukraine. todd: steve harrigan joins us one year later from that same location in kyiv. steve. steve: todd, one year ago the general thinking was russia would come in and take this capital within three days, russia thought that and u.s. intelligence, as well. instead what we saw was ze ....
russian soldiers calling putin s invasion a, quote, absolute hell. a six-month exclusive investigation by the reporter who exposed the russians behind alexei navalny s poisoning. wait until you see what he is going to show you tonight. he is one of the republican s biggest targets, a top democrat in charge of getting democrats elected. and now he could be taken down by someone who is not a household name, yet. and american teacher mark vogel was sentenced to 14 years in russia for marijuana possession. he s now believed to be on his way to a secret russian penal colony where he will be subjected to hard labor. his sister anne is my guest. let s go outfront. and good evening. i m erin burnett. outfront tonight, a new and bigger threat to the united states from putin. top official with russia s foreign ministry tonight warning that american commercial satellites could be a target because of america s aid for ukraine. it is a direct threat from russia to the un ....