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CNNW Early July 6, 2024

the united states and around the world, i m christine romans. we begin with breaking news on what s now the second biggest bank failure in u.s. history. most of first republic bank is now being bought by jpmorgan chase in a deal arranged by the federal deposit insurance corporation. the fdic. cnn s clare sebastian live in london for us. clare, this deal announced just a short time ago. all weekend, we ve been waiting for word what would happen to first republic. we knew it couldn t continue as a concern here. fdic would have to step in. and you went to bed thinkiing first republic is your bank, it s now jpmorgan chase, right? yeah, christine, all 84 branches of first republic will reopen this morning as branches of jpmorgan. this is different than silicon valley bank which was taken by regulators and stayed there for more than two weeks. this happenmuch more quickly over the weekend with that auction held on sunday. several banks bid it. it seems they reached that dea ....

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CNN Early Start With Christine Romans June 4, 2024 09:29:00

Customers that can pay cash. so the good quality crude that cuba used to get are no longer there because cuba doesn t pay cash. reporter: university classes have been cancelled. farmers don t have fuel for tractors. there s not enough diesel for garbage trucks that empty dumpsterss overflowed with tras. usually the island s top leadership looks on as hundreds of thousands of workers file by. this may day, officials are encouraging cubans to march in their own neighborhoods. there simply isn t enough fuel for anything on a large scale. we mish to commemorate may day, he says, but rationally and with maximum austerity. reporter: cuban officials have said the gas shortages will ....

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