let s go to kelly o grady on why this is so different. kelly? well, great to see you, neil. yeah, when i woke up this morning and i heard that j.p. morgan chase had taken over first republic, it reminded of 2008 when you saw them take over bear stearns, when you saw them take over washington mutual. one of the key take-aways, the big bank banks keep getting bigger. j.p. morgan won out on a competitive bidding process. they re taking over all deposits. the bank will also make a 10.6 million payment to the fdic as part of this takeover. they were operating as usual today. the one that i m at, folks were coming in and out, checking their accounts. the president said he feels like the banking system is going to be okay. listen to this. regulators have taken action to facilitate the sale of first republic bank and ensure that all depositors are protected and the taxpayers are not on the hook. these actions are going to make sure that the banking system is safe and sounds. ma
across the country some experts now warn the perfect storm of troublesis putting the country s national security at risk new inflation numbers this morning were better than expected what it says about where the economy is headed and what it means for your wallet. and right now, toxic smoke is filling the skies over eastern indiana, as a recycling plant burns and thousands are forced to flee how long could that fire keep burning. our nbc news reporters are following all of the latest developments to that breaking news first in eastern indiana, a massive warehouse fire is forcing families to leave their homes, schools are closed maggie vespa is in richmond, iowa the state fire marshal says the smoke is definitely toxic. obviously you re wearing your mask what is the situation, what is the major concern there right now? reporter: of course the biggest concern is basically what could be lingering in the air right now. i want to be clear, we re wearing a mask out of an over
america act has no future in the senate. it does nothing to resolve the looming default crisis. so instead, he s going to put this package through committees. the reason? to poke holes in it and extend the damage. republicans and democrats are amping up the pressure on a each other. they re running attack ads. here s president biden earlier today digging his heels in. most important thing we have to do is to make sure the threat by the speaker of the house says the deal is off the table. for over 200 years, america has never failed to meet the debt. as a result, one of the most respected nations in the world,
8.2%, that s up nearly 14% the white house is acknowledging that inflation is still uncomfortably high they re chalking this up as a small win. that s why president biden earlier today issuing a statement saying inflation is now fallen by 45% from its summer peak. gas prices down $1.41 from the summer grocery prices fell for the first time since september 2020. we have seen priced declines for used cars, smartphones and other electronics. the white house calling this continued progress, but noting there s still more work to do, and there s still the open question of whether the u.s. can avoid a recession as the work continues. kayla tausche, thank you for that. and developing in israel, growing security and political crises converging in a moment to create a kind of perfect storm of turmoil nbc s josh lederman joins me now from tel aviv. josh, how is all of this shaping this moment of unrest there
de-escalation pointing to intelligence that shows that russia has actually moved 7,000 additional troops to the border with ukraine. here s president biden earlier today. we have reason to believe that they are engaged in a false flag operation to have an excuse to go in. every indication we have is they re prepared to go in to attack ukraine. behind that warning by president biden that russia is looking to create a false pretext to invade a series of attacks this morning that include the shelling of a kindergarten when the government says is the work of russian-backed militias. secretary of state blinken made a strom at the united nations to make it clear to the international community that russia is on the path to war. using a tactic that the administration used again and