let s start in the us where some of the worlds leading money managers are warning the collapse of another american bank could lead to a credit crunch and an economic slowdown. constrained lending as a result of stricter banking regulation could stifle credit to the us economy at a critical time. we ll get an expert view on this in a moment but first here s my colleague samira hussain on the collapse of first republic. as of monday, first republic customers turning up at their bank are in fact customers ofjp morgan chase. the signs above will soon change. first republic had been under pressure since the collapse of silicon valley bank and signature bank two months earlier. last week, first republic revealed deposited had removed $100 million in the space of a few months. customers feared their money was not safe. investors became convinced that it too was about to fail. riding to the rescue of america s distressed financial system, the boss of america s biggest bank, jamie dim
biden and the south korean counterpart meet as the u.s. faces global questions about its alliances after a high-profile intelligence leak. plus wheelin and dealin , how house speaker kevin mccarthy s plans are changing fast, but can he pass the bill? the deadline is creeping closer. and e. jean carroll takes the stand in a trial against the former president. we re following these major developing story and many more, all coming into cnn news central. this hour president biden and south korean president yoon are expected to hold a joint news conference, as they hold critical calling. they are expected to sign a key new agreement focused on deterring north korea s rising nuclear threat. phil mattingly joins us now. i wonder, as we look at this why this meeting now, and talk a bit about the nuclear piece of it. it s alarming. look, this is a critical agreement, one that underscores a president s policy long centered on the alliances and making sure they are as produ
to $1 billion, although bloomberg reports that credit suisse sees that as vastly undervaluing the bank. the swiss banking giant had been caught up in the market uncertainty triggered by the collapse, nine days ago, of america s silicon valley bank. it had been offered an emergency credit facility of more than $50 billion by switzerland s central bank, but that had not prevented a sharp fall in its share price. our business correspondent marc ashdownjoins me now. an urgency around these talks in switzerland to try and facilitate this takeover by ubs. this takeover by ubs. yes, the shares were this takeover by ubs. yes, the shares were sliding this takeover by ubs. yes, the shares were sliding all- this takeover by ubs. yes, the shares were sliding all last - this takeover by ubs. yes, the i shares were sliding all last week and there was a period of a pause for a couple of days when markets have been shut till tomorrow morning, so this has given them time to sort this out
ends in a tragedy. just a short time ago, all four were found, but two were dead. authorities have not identified the victims, but we do know that a mother of six from south carolina crossed the border from texas with three of her friends for a medical procedure, but investigators believe that once they were in the city of matamoros, they were kidnapped. we have disturbing footage. it shows the terrifying moments friday when at least one of those americans was shoved into the bed of a pickup truck at gunpoint in broad daylight, and not far from the united states border. our correspondents are covering this from all angles. josh campbell, you are getting information from your law enforcement sources about the condition of the victims and where exactly they were found. reporter: yeah, abby. i have been talking to sources since this incident began on friday, and to a person, they said, look. we re holding out hope that we will find these four, but the situation was very grim,
that cia director william burns made a secret trip to ukraine to brief president volodymyr zelenskyy and share u.s. intelligence on russia s next moves in the war. actor and producer alec baldwin now faces criminal charges in the fatal shooting of a crew member on the set of the film rust. our legal experts are weighing the evidence and whether the involuntary manslaughter charges will stick. welcome to our viewers here in the united states and around the world. i m wolf blitzer and you re in the situation room. we begin with the partisan showdown over raising the debt ceiling and fears of an unprecedented default by the united states. our chief congressional correspondent manu raju explains where this critical fight stands tonight. reporter: tonight congress and the white house engaged in a risky standoff as the u.s. reaches its $31.4 trillion borrowing limit. the white house and congressional democrats say no negotiations to raise the debt ceiling and no conditions