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CNN Early Start With Christine Romans July 6, 2024

turmoil is spreading. credit suisse will borrow almost $54 billion from swiss bank. the bank stock surging in the first few minutes of trading today in europe as shares plunged to a record low on wednesday after getting cut off by its biggest shareholder. anna stewart is live in london. markets are now open there. what is the latest? reporter: i think that we re seeing a bit of relief now on the european indices particularly with the banking stocks. let me show you how the european market opened. all the major indices are higher by around a percentage point led by the smi in switzerland. credit suisse closed down yesterday 24%. and today you will see share price is now up around 23%. i think some investors saw a little bit of value early this morning as a result of what the swiss central bank has decided which is that they would provide liquidity back stop and credit suisse have taken them up on that offer, $53 billion in terms of the loan. and they will be buying bac ....

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FOXNEWS FOX Friends First July 6, 2024

jackie ibanez has the latest, jackie. good morning, ashley and todd, efforts to bring four americans kidnapped friday offering $50,000 reward for information leading to their safe return. brand-new surveillance video shows the moment the three men were kidnapped heavily armed men trekking one person after another into the back of a pickup truck shortly after entering the city. the footage shows the suspect holding long guns and wearing bulletproof vest. authorities believe it was a case of mistaken identity. the victims were wrongfully targeted peer of the travelers have been identified as latino, zindel brown and a to eric james williams of south carolina. according to a family member, they were heading to mexico for a medical procedure. she said, this is like a bad dream she could wake up from. to see a family member thrown in the back of the truck is unbelievable. the president of mexico says the entire mexican government working to bring them home safely. the whit ....

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MSNBC Alex Witt Reports July 6, 2024

in just a few moments, with former u.s. ambassador to russia, michael mcfaul, meanwhile we have new reaction from donald trump s lawyers after the four person for the special grand jury investigating alleged investigative interference gave a series of candid interviews earlier today. trump s lawyer say her comments could impact a possible trial. we ve lost 100% confidence in this process. we feel this process has been compromised. this 30 world foreperson has actually provided us a lens, and made us aware that every suspicion we have as to this questionable process was in fact a reality. a new reaction to the marjorie taylor greene s proposal for a national divorce. earlier today, her republican colleague michael mccaul dismissed her tone, and stated goal to divide this nation by red and blue states. divisive rhetoric, i think polarizes this nation, and i think it hurts this nation. i think we need a voice that can unify this nation on things that matter. like the ....

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CNN At This Hour With Kate Bolduan July 6, 2024

congress and trying to restore confidence. and cut ties with china or be banned. that is what we are watching this hour. thank you for being here. i m kate bolduan, and first to capitol hill where secretary treasury janet yellen is trying to assure the american people and the senate that the monetary system is sound. and they may get to the president s budget, but in light of that, her appearance there is taking on new appearance, because she is the first biden administration official to appear before the senate, and this is after the global financial markets have been rattled by another problem. credit suisse has been propped up by over $54 million from the swiss bank. this a look at where it is standing right now as christine romans is watching all of this for us. first, christine, start with janet yellen who is testifying now. she is speaking to congress, but speaking directly to the american people telling them that your money is safe here, and we have taken ste ....

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CNN CNN Newsroom July 6, 2024

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 ....

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