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shook customers and investors alike. the question was, and really still is, would it also threaten the broader market and the banking system? so far the answer appears to be no. markets largely held steady closing the day mixed though shares in regional banks similar to the ones that failed did take a beating. joining us shortly former treasury secretary lawrence summers who accurately predicted the inflation to walk us through what he thinks of the federal response so far including this promise from the president. every american should feel confident their deposits will be there if and when they need them. in addition we have cnn s christine romans and phil mattingly on this tonight. we begin with christine. so is the threat of contagion in the financial markets, does that seem to have passed? these two banks in particular, they put a big ring around these banks and stopped the fire here and made essentially the depositors whole. these are people who would have to go a
WayMichelle-obamaChildrenWhite-houseChildFirst-ladyKidsLevelUnited-statesEyeParentsThanks street conceding his party wanted him gone. his exit triggers an election to pick the next conservative leader. the timetable for that will be announced in coming days. senior foreign affairs correspondent greg palkot is in london tonight with what comes next. good evening, greg. the sun has finally set in london one of the most tumultuous days in political history all because of a shakeup at the top. boris johnson took one of his last walks out of number 10 downing street today after more government officials called for him to quit u.k. prime minister stepped down as conservative party leader which should lead to his departure as p.m. whlg it moves it moves. and my friends in politics, no one is remotely indispensable. protesters and british political insiders cited a lost of trust in johnson following a series of sandals most recently a lawmaker accused of sexual misconduct. critics don t want him to stick around as prime minister while a successor is chosen by his
GraderRoll-itControversyKoncherzers-burstBret-baierSpecial-reportGreg-palkotJesse-jrWasn-t-goodBirthdayQuestionsMath-questionsThe president now . No. I dont, no i dont have nothing to say to him. Lets remember, general john kelly deployed his considerable stature to back trump and frame this as fight between a serious president and loud, lying member of congress. Then the tape surfaced showing it was kelly who had his facts wrong and today miss johnsons remarks it show you you can take congresswoman out of the picture and still have word of grieving mother contradicting the word of president. A president who has broken records for his misleading and false statements in office. General kelly, it is not too late for you. You can correct this record so we can all move on. But asking people to move on without correcting the record isnt moving on at all. In fact it is contrary to the
accountability required. No person is above checks and balances. Joining me, joint call from cbc urging General Kelly to apologize for blatant lies about congresswoman johnson. First niger. Former terror Intelligence Officer and longt
PresidentTrumpFightNothingJohn-kellyStatureCongresswoman-johnsonMemberTapeFactsCongressRemarksTo get inflation under control and suddenly you have three banks actually break essentially in the past week. are they worried about the fragility of the banking system and being able to handle more rate hikes in this environment in some of the far corners of banking? i think the going assumption now is the fed might go more slowly and, in fact, put the fight against inflation on pause while it makes sure the financial system is truly stable. interesting. christine romans, appreciate it. to the white house and cnn s phil mattingly, what is the white house plan? i think there are two key components, obviously the policy component. we saw dramatic emergency authorities rolled out sunday night and treasury officials, bank regulators have watched the effect of those efforts throughout the course of this day on the phone constantly with regulators in these financial institutions with bank ceos as well trying to ensure that they are having the desired effect. christine pointed out the re
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