it s 10:00 eastern. i m ana cabrera reporting from new york. breaking news this morning. first republic bank seized and sold to jpmorgan in an overnight deal. this is now the second largest bank failure in u.s. history, the third major bank to go under in less than two months. how are the markets reacting this morning? and what does it all mean for your money? is it safe? the manhunt for a suspected mass murderer continues in texas. a authorities say they have zero leads. five people are dead, including a 9-year-old boy. a community shaken to the core. we will bring you a live update on where the search goes next. we re asking ever everyone for your help so you can bring this suspect or this monster, i will call him, to justice. a weekend of absolutely wild weather. from a tornado touching down in virginia beach to the historic rise of the mississippi river, expected to crest today in communities already under water. more breaking news. this is out of france where u
right now in texas, the manhunt is intensifying for the suspect police say fatally shot five of his neighbors execution style. what we know about the victims including one who was just 9 years old. flood waters are still rising in parts of iowa as residents are using boats to salvage what they can from their underwater homes. we ll take you live to davenport. and on this international workers day, as many as 1 million demonstrators are taking to the streets of france amid president macron s decision to raise the nation s retirement age. we ll take you live to paris. and we begin with breaking news on the state of the u.s. banking system. overnight, federal regulators moved to close down first republic bank and sell its assets to jpmorgan chase. this morning first republic s 84 branches in eight states reopened as branches of jpmorgan chase. this is the third and actually the biggest u.s. bank to fail this year. it s also the second largest bank by assets to fail in u.s.
To avoid leaving fans hanging, both sides need to act fast to write up a deal with a hollywood ending. there is still hope a deal can be reached tonight. the writers guild has a history of working right up until the midnight deadline to reach a deal. we re also told neither party wants a strike to happen because it would be devastating for both writers and the studios, which are still trying to bounce back from the pandemic. back to you. nbc s miguel almaguer, thank you. and thank you at home for joining us. see you back here tomorrow, same time, same place. until then, reporting from new york, i m ana cabrera. josé diaz-balart picking up our coverage right now. and good morning, it s 11:00 a.m. eastern, 8:00 a.m. pacific, i m josé diaz-balart and breaking this morning, a historic collapse. first republic becomes the second largest u.s. bank failure ever with jpmorgan chase stepping in to purchase all of its assets. what this means for customers.