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we begin with a wide-ranging attempt to restore americans confidence in the u.s. economy, after weeks of troubling financial indicators. treasury secretary janet yellen spoke under oath today to answer questions about the controversial actions she and the federal government took to rescue silicon valley bank. our banking system is sound and that americans can feel confident that their deposits will be there when they need them. this week s actions demonstrate our resolute commit to ensure that our financial system remains strong. yellen also said that no taxpayer money is being used to reimburse those depositors. more on her testimony in just a moment. but first, let s check object markets right now. stocks are surging on word that major banks are in talks to rescue ailing first republic bank. cnn s matt egan is here with us. so talk about this potential rescue of first republic bank. yeah, bianna and victor, over the weekend, we had this government-led rescue. ....
and pentagon concerning the russian downing of a u.s. drone. new video shows when a pair of russian fighter jets approached the drone and brought it down. let s bring in oren liebermann and jeremy diamond. let s start with what the pentagon is saying about this new video. reporter: the video itself is pretty incredible. a close look at what happened early tuesday morning over the black sea. there are essentially two pieces to it. in the first one, a russian fighter jet makes a pass at a u.s. mq-9 reaper drone, dumping jet fuel. you see the drone itself is still operating. the propeller spinning, in the second clip of the video or the later part of the video, you see a russian fighter jet make another pass. you see the same dumping of jet fuel and this is where the russian jet collides with the u.s. drone, damaging its propeller and forcing it down. it s critical because this is what backs up the u.s. account of how this all played out over the course of 30 to 40 min ....
questions about the integrity of americans banks. she says americans are not on the hook for paying back the depositors. john: critics call it a bailout, the biden administration refuses to call it that. and why some think we are headed for a banking tsunami caused by woke obsessed bankers. sandra: but first, it s going to be a breaking news two hours ahead, waiting two separate briefings from the white house and the pentagon how the u.s. will handle russia. all this after dramatic new video showing moments a russian war plane downed a u.s. drone over international air space. hello, welcome, sandra smith in new york. john: happy friday eve to you. america reports. in the 42-second video clip, you can see the plane dumping fuel on the reaper drone before colliding with its propeller over the black sea, russian ships are at the crash site trying to obtain debris, the u.s. does not have any ships in the area. sandra: not only are we there, we are told they rushe ....
by russian fighter pilots forcing down an american drone. john: welcome back as america reports rolls into hour two. get set to roll again, sandra. sandra: a breaking news two hours, john, and following through on that. the latest move by an american rival, and just like the spy balloon, critics are calling on the president to act. response can t we do nothing. our adversaries are going to be on the march as long as we let them. direct test of the biden administration to try to see what the limits are and it s a message of their displeasure, and a test to see if we ll respond to it. john: how will the white house respond to the criticism? sandra: start us off, jacqui, a lot could come up a few moments from new. no kidding, sandra. after the spy balloon, the biden administration responded by sanctionings some of the chinese entities involve in the airship of this. and russia hawks are saying the biden administration has to strongly respond to a fighter je ....
holds a safety summit today. gio benitez reporting. here in new york city tonight, the mysterious fire breaking out in a luxury building, just hours after the fbi arrest of an exiled chinese billionaire. and a one-time close ally of steve bannon. and what authorities have just revealed tonight. aaron katersky in new york. this new cross-country storm moving east tonight. 18 states now on alert from california all the way to michigan. the midwest and south bracing for this. and then the northeast. rob marciano timing it out. your money. and the growing concern tonight beyond u.s. banks. one of europe s largest banks, credit suisse, and the stock price plunging to an all-time low. authorities here with the reality check tonight on the safety of your money. and erielle reshef on wall street. the disturbing scene. seven sheriff s deputies arrested and charged with murder following an inmate s death in virginia. some punching him and using pepper spray. the deputies ....