i m lindsey reiser we have breaking news this thursday morning dramatic video released from the u.s. military showing the alarming moment a russian fighter jet clipped a u.s. drone sending it crashing into the black sea. u.s. officials calling the action unsafe, unprofessional, aggressive nbc news confirming those actions were approved from the government and janet yellen in the hot seat this morning as regulators race to alleviate fears. the treasury secretary set to begin testifying before the senate finance committee any second second plus the new alarm bills about two other banks under massive pressure as the fallout from the silicon valley bank continues. and back off or get banned a source close to the mega popular app confirms to nbc news the biden administration has demanded iktok s chinese owner sell their stakes in the app or face a possible ban in the u.s what does it mean for the millions of tiktok users in the u.s. and a major escalation into one of the i
any moment now, president biden will address the nation from that podium right there amid concerning questions about potential contagion in the u.s. banking sector. what does that mean for your money? a very good monday morning to you. i m jim sciutto. and i m erica hill. president biden expected to try to calm fears in a matter of moments when he does make his way to that podium, this amid the failure of two u.s. banks. we re talking about silicon valley bank, which you ve heard a lot of this weekend, as well as signature bank. the biden administration is taking emergency action here and there is the president. let s listen in. for california. i want to briefly speak about what s happening to silicon valley bank and signature bank. today, thanks to the quick action of my administration over the past few days, americans can have confidence that the banking system is safe. your deposits will be there when you need them. small businesses across the country that deposit ac
And it starts with copper, the mineral copper. Theres copper in brass. Theres copper in bronze. The Statue Of Liberty is sheathed in a layer of copper. Thats about the thickness of two pennies. Pennies themselves used to be copper, but now theyre just coppercovered zinc, which sort of seems sad. It makes financial sense, because copper over time became too valuable to use in something as cheap as a penny, because most of what we use copper for now is conducting electricity. We use copper for wiring. There is a massive global appetite for copper. And the Worlds Largest producer of copper is an american company. Its a company that used to be based in new orleans but now the Mining Company freeport is based in phoenix, arizona. And the freeport Mining Company of phoenix, arizona, they do still mine copper in arizona and
they mine copper in new mexico and in colorado. But they are a gigantic firm. And theyre a global operation. In south america, they mine copper in chile, peru. In indonesi
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