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CNN CNN Newsroom July 6, 2024

hello, i m briana keilar in washington. right now wall street and main street are wondering if more dominoes will fall or if the biden administration s drastic action following the second largest bank failure in u.s. history will stave off a broader financial crisis. this morning president biden assured americans that their money is safe after the federal government takeover of silicon valley bank and the smaller signature bank. svb may be a new name for many people, but it was a go-to bang for the tech sector. high-pro-final companies like roku, etsy, and fitbit were clients. some had hundreds of millions of dollars tied up with svb. all those deposits are guaranteeduncle sam. all customers who had deposits in these banks can reassured they ll be protected, and they ll have access to their money as of today. no losses will be born by the taxpayers. instead, the money will come from the fees that banks pay into the deposit insurance fund. the management of these banks ....

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South Korea: South Korea, US to stage annual drills focusing on Korea nuclear threats

The Freedom Shield exercises, set for March 4-14, come as North Korea continues to test missiles and other weapons systems and develop its nuclear capabilities, and will be first since Pyongyang scrapped a 2018 inter-Korean military pact in November. The drills will be "tough and realistic", and based on scenarios that reflect lessons from recent conflicts, officials from the two countries militaries said at a briefing. ....

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CNN CNN Newsroom June 4, 2024 17:38:00

U.s. and south korean side. the south korean joint chiefs said they re analyzing along with the u.s. this launch of at least one unidentified missile, and that s crucial. the south koreans and the u.s. have snot confirmed it was two. so there is certainly an open question there as the u.s. and the south koreans continue to look at this. worth noting that cruise missiles are not a violation of u.n. security council resolutions, so from the u.s. and the international perspective, if they want to test fire cruise missiles, they are allowed to. ballistic missiles, very different story. and last week north korea fired off a short-range ballistic missile. that is definitely a violation of u.n. security council resolutions. and the u.s. and south korea view that as escalatory. as you point out, it comes with the u.s. and south korea launching these joint exercises. the freedom shield exercises, 11 days, some of the largest exercises in years. and kim jong-un as well as his sister have promise ....

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