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at this hour stock sell-off. the u.s. market sharply lower at this hour because of worries about a europe-based bank. what s happening and why republicans hold a hearing with the border patrol chief at the texas border but all 15 democrats on the committee skipped it the latest sign of the immigration divide also in texas new details from inside that courtroom where a trump-appointed judge is hearing arguments over whether to pull an abortion pill off the market nationwide. presidential prescription. president biden in las vegas about to push his administration s new plan to lower the cost of prescription drugs. we ll bring you his remarks as soon as they start our reporters are fanned out all across the country following the latest developments. but we begin in the battleground state of nevada where any minute now president biden will speak about his plan to lower prescription drug prices mike memoli is traveling with the president. i think that state has one of ....
Political limb for us. thank you so much for that, mike now to new details from the federal courthouse in amarillo, texas. that hearing in a critical abortion case. nbc s morgan chesky is there for us morgan, what more are we learning about today s arguments? reporter: chris, argue aments ongoing right now inside this amarillo district courthouse where we know at last check the government was making their arguments. they were allotted two hours to do so. and this follows arguments made earlier today by this group of plaintiffs led by this alliance of hippocratic medicine, this anti-abortion group centered in tennessee that established a presence here in amarillo back in august 2022 my colleague dasha burns reporting that they made 90 minutes worth of arguments earlier today, saving 30 minutes for a rebuttal following the government s argument that is ongoing at this hour, chris. but just to frame this, what could be decided upon here in ....
Legal fight last we ve got that coming up ahead but for now house republicans are trying to put a spotlight on issues at the border by holding a hearing in texas democrats refusing to join what they described as a political stunt. nbc s ali vitali is following from capitol hill. have he we learned anything from this hearing so far? reporter: look, chris, this follows what the other hearings at the border that we ve seen in recent weeks from house republicans looks like it s them going to the border, republicans only, democrats not willing to engage with these hearings for example, i was just in yuma, arizona at a different point on the border that one was with the house judiciary committee. but the questions here that we re seeing today in texas and still ongoing in this hearing, as you can see, follow those lines pretty closely it is highly partisan. republicans trying to hammer home the border crisis as something that has worsened under the biden administration certainly the number ....
January 21. so the answer that the chairman probably wanted there was the change in administration but as that border official was saying those push-pull factors which we hear so often about from our experts who cover this every day but as well from the administration, the push-pull factors are clearly where the border patrol agents were putting their focus. but this house majority has consistently tried to argue that it s the policies of the biden administration that have worsened this situation. of course also a focus on fentanyl and that crossing the border in illegal fashion as well, chris. so a lot of the same themes that we ve seen ali vitali, thank you for that now to your money and wall street where it has been, to say the least, a turbulent day cnbc s contessa brewer is with me so first we had silicon valley bank, signature bank now you have this bigger bank that is based outside of the u.s. but it s got investors on edge what s going on right now? what do we know, cont ....
His member banks face and he told me this blame game is just nuts he says the blame in all of this falls squarely on the management of silicon valley bank and the regulators who should have seen the mismatch of assets and liabilities. in his view he says mid-size and regional banks generally are getting painted unfairly with the very same brush and forced to try and calm their depositors fears at this point. the other economic news i m focused on that on any other day would dominate business headlines, the producer price index, or wholesale prices they fell unexpectedly in february a tenth of a percent decline when what was expected was an increase of .3 of a percent. still this is 4.6% higher than it was last year again, this is another indication that we re fighting inflation. retail sales have fallen .4 of a percent. especially when we re looking at auto sales and bars and restaurants. and chris, what we ll likely be seeing as welcome news for ....