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top of the hour now on cnn newsroom. i m john berman. this morning president biden reassuring americans that the u.s. banking system remains safe. this despite the failure of two significant banks within 48 hours. silicon valley bank and signature bank have now been taken over by federal regulators. all customers who had deposits in these banks can rest assured. rest assured they ll be protected and they ll have access to their money as of today. that includes small businesses across the country that bank there and need to make payroll, pay their bills and stay open for business. no losses this is an important point. no losses will be borne by the taxpayers. the president emphasized the customers will be fully protected while the bank s managers and investors will be held accountable. he also outlined the emergency measures his administration took to protect the bank s customers. cnn s priscilla alvarez is with us. look, a lot of this is trying to ease the an ....
is a monster move again, and they have signaled that they are not done and project nag the interest rates are going to be going significantly higher from here, and the message that the fed is trying to convey is clear. they are serious about trying to get stubbornly high inflation back down, but the moves they are making here have lifted the interest rates to the highest level since 2008, and now the fed was late to this inflation fight. they did not start raising interest rates until earlier this years, and they have been forced to play catchup, and that has forced the interest rates to go rapidly higher, and we have not seen three straight moves of a percentage point and we have not seen anything like that since the modern era, and you have to go back to 1981, and this is not a perfect comparison, because that is before the fed publicly announced the fed moves, and what does it mean? it means the borrowing costs are higher, and interest rates and car loans and mortgag ....
hello and welcome to our viewers joining us here in the united states and all around the world. i m rosemary church. today marks one month since hamas launched its horrific attacks on israel. as israeli forces strike back in gaza, calls grow for a resolution to end the fighting. and order in the court. donald trump stay takes the witness stand in the fraught case against him. but his testimony is fraught with attacks on the judge. it is 10:00 a.m. in gaza, where the war marks one month today. as the conflict looks to intensify, benjamin netanyahu says israel will have overall security responsibility for the territory for an indefinite period once the war is over. his comments came in an interview with nbc news, that he once again israel won t allow a cease-fire until hamas releases all of the phostages. israeli air strikes hit year a hospital in gaza city on monday, after large explosions rocked the area the day before. the palestine red crescent says they have en ....
War in the same breath. Well dissect this and also go to excuse me, first lets listen to what the white house said today about the president s threats against essential economic growth. This is something that china has created President Trump is trying to fix it. We are continuing to put pressure on china to stop unfair trade practices. Is he willing to fight a trade war on this . We dont want it to come to that. The president wants us to move to a process of fairness, to free and fair and open trade. And thats what hes trying to d do. Richard, you have written on cnn. Com that you already think we are in a trade war. Explain. Well, if you want to be tight and sort of in ones definition of trade war, that it only happens when the tariffs come in, arguably they have because 3 billion are already there. Steel tariffs are ready to go into effect unless until you pull the trigger, you can arguably say youre not in a war. Dana, once y ....
Michael Cohen's testimony praised by the media: 'An excellent witness for the prosecution' foxnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foxnews.com Daily Mail and Mail on Sunday newspapers.