arming missiles to taiwan for their fighter jet. there s concerns that they may be planning to arm russia now. in a moment, what former director of national tell john ratcliffe thinks the u.s. should be doing to address this and democratic senator joe manchin on if we are risking war with china over all of this. welcome, everybody. i m neil cavuto on a very busy news day. let s get to it with the latest from the pentagon. we ll find jennifer griffin. jennifer? neil, the state department has approved the sale of f-16 munitions worth $619 million for taiwan. since 2010, the u.s. has september $37 billion in foreign military sales. taipei has requested to buy 100 harm missiles along with various missile launches that can be used by the f-16 fleet. we don t believe an invasion is imminent. we re going to continue to work closely with our allies and partners to deter potential aggression. we re ininterested in the status quo, to preserve the peace that has been there a very lo
shook customers and investors alike. the question was, and really still is, would it also threaten the broader market and the banking system? so far the answer appears to be no. markets largely held steady closing the day mixed though shares in regional banks similar to the ones that failed did take a beating. joining us shortly former treasury secretary lawrence summers who accurately predicted the inflation to walk us through what he thinks of the federal response so far including this promise from the president. every american should feel confident their deposits will be there if and when they need them. in addition we have cnn s christine romans and phil mattingly on this tonight. we begin with christine. so is the threat of contagion in the financial markets, does that seem to have passed? these two banks in particular, they put a big ring around these banks and stopped the fire here and made essentially the depositors whole. these are people who would have to go a
and outgoing shells, every 30 seconds or so. it really doesn t stop. and science fiction made reality as nasa plans to try to divert an asteroid by crashing a rocket into it. we start in the uk where the bank of england says it won t hesitate to take action to control inflation, after the pound slumped to an all time low against the dollar. take a look at this chart from this morning s asia trading. at one point sterling fell to $1.03 the lowest since 1971 though it s since recovered slightly. there s been speculation that the bank of england may announce an emergency hike in rates to control rising prices. for the moment, that hasn t happened. well there s lots to unpack. first to understand what s happening today we must go back to friday and to this annoucement in parliament. i can announce today that we will catch the basic rate of income tax to 19p, in april 2020 three, one year early. that means a tax cut for over 31 million people injust a few months time. t
the florida property. for context, here s what the post says about what the documents found are typically handled. some of the seized documents u.s. operations so closely guarded that many senior national security officials are kept in the dark about them. only the president, some members of his cabinet or near-cabinet level officials to know details of these special access programs and details of such classified operations require special clearances on a need to know basis and not just top secret clearance. records that deal with such programs are kept under lock and key almost always in a secret, compartmentalized facility with a designated control officer on keep careful tabs on their location, but despite the fact that these documents are normally, typically out of reach, totally inaccessible to all, but a teeny, tiny handful of top government officials and kept in the most highly secure facilities that the u.s. government has ever created, these documents were sitting
feds. the democratic chairs of the house intelligence oversight committees want answers over what fallout could await after top-secret documents were found at trump s resort and are asking the director of national intelligence to provide an immediate damage assessment. let s bring in two former trump administration insiders former counterterrorism and covid adviser to mike pence olivia troye and former white house press secretary steph nye grisham. thank you both for being with us this evening. the thing i can t wrap my head around is why a president who notoriously paid little attention to his daily intelligence briefings as reported time and again while he was in office why would he hold on to this stuff and have it around mar-a-lago. you were his press secretary for a period of time. why does he suddenly care about top-secret materials? your guess is as good as mine and i ll leave it up to law enforcement and the investigation to come to that conclusion. there are many t