our correspondent hugo bachega who s currently sheltering in an underground bunker hugo bachega said that in the past hour, the air raid alert in the capital went off, at around 02:20am, local time. the bbc team heard at least one loud explosion, and the city s air defence has been activated. earlier today, ukraine says at least 21 were killed, in an attack on kherson. missile strikes hit a market, a railway station, a petrol station and residential builings. station and residential buildings. it comes as ukraine s president zelensky denied that his country carried out an alleged drone attack on the kremlin. russia says it was an attempt on vladimir putin s life. this video, which appears to show the drone attack, remains unverified. our analysis editor ros atkins has been taking a closer look. russia claims ukraine try to kill vladimir putin in the early hours of wednesday. this is the first video we have. it s in moscow. we see an object lay in from the left and exp
who was sheltering underground, when the air raid alert in the capital went off at around 02:20 am local time. the bbc team heard at least one loud explosion and the city s air defence has been activated. earlier today, ukraine says at least 21 were killed in an attack on kherson. missile strikes hit a market, a railway station, a petrol station and residential builings. it comes as ukraine s president zelensky denied that his country carried out an alleged drone attack on the kremlin. russia says it was an attempt on vladimir putin s life. this video, which appears to show the drone attack, remains unverified. our analysis editor ros atkins has been taking a closer look. russia claims ukraine try to kill vladimir putin in the early hours of wednesday. this is the first video we have. it s in moscow. we see an object fly in from the left and explode. now let s pause here. we know this is moscow because this is red square. this is a recent picture of the same place with the kr
fargo, bank of america, jm morgan, morgan stanley lost $50 billion in market value in one day. that s a hit. on the other hand, those banks still exist. you can t say that for silicon valley bank. svb has gone under completely. that makes the second biggest bank failure in the history of this country. and the significant svb financed nearly half of all venture-backed healthcare companies in the united states. it held significant cash reserves for some of the biggest crip toe currencies. it s gone. federal regulators have rename it and taken it over. that means a lot of people lost a lotf of money. most of that money was not insured, no matter what they tell you. the fdic only guarantees bank deposits up to $250,000. nearly 90% of all deposits at svb exceeded that. and it s unclear if those people see their money again. in fact, when customers show up in svb s branch in manhattan to get the deposits back, managers called the police. so, what we have there is the 1929-style b
nearly 12 million voters across the country have already cast their ballots for the critical midterm elections. more than 4 million of those ballots have been turned in throughout florida, california, georgia, and texas. the candidates are facing off in some of the final debates of the campaign season after the highly anticipated showdown in pennsylvania. john fetterman released a new ad criticizing mehmet oz s response to abortion. oz barely mentioned the debate during a gcampaign event in the last hour and says he focused largely on crime. in a race to control congress, both sides are narrowing to the most competitive races. new money is being injected from both sides as well, a sign of just how high the stakes are in these midterms. our cnn editor joins us now. where do things stand for the battle for the control of the bo what we re looking at. let s go to the map broadly. i m going to write on this. there are 35 seats up. 21 of those are republican. 14 are democrat. fu
benchmark interest rate by a quarter of one percentage point, pushing its overnight interest rate range to five to 5.25%. during the press conference, chairman jerome powell signalled that they might be ready to take a pause on rate hikes. the committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation and economic and financial developments. we will make that determination meeting by meeting. earlier, i spoke to jason furman. he s the former chairman of the white house council of ecnomic advisors. jason, thanks forjoining us. are these rate hikes actually working to stabilise the economy? i hope so, i think so, but we can t be sure, because we don t know what the counterfactual is. the good news is inflation expectations remain anchored. inflation isn t rising, and that s probably a lot better than what would have happened, if the fed hadn t taken these aggressive steps.