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it s such an impossible question to answer what do you say to the lawyer, hush money happens all the time. there s hundreds of them thank you, my friend, as always and thanks for joining us this hour the battle to be the standard bearer for the american far right has officially begun ron desanctus, everybody ever heard of him. he was bad against ethanol and he also fought against social security. he wanted to decimate it he wanted the minimum retirement age to be lifted to people 70 years old. he also voted to severely cut medicare i will not be cutting medicare and i ll not be cutting social security ron was a disciple of paul ryan, who was a rino loser who currently is destroying fox and constantly vote against entitlements ron reminds me a lot of mitt rumny. reminds me a lot of mitt romney which is the most epic burn you can levy in today s gop. he of course is not stopping there. trump had some unique things to say about his potential rival and vice presid ....
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 t ....
hello. we ll have much more on our breaking news here in just a moment. a russian jet striking a u.s. drone over international waters in the black sea. first, though, today, a collective sigh of relief after the latest inflation numbers and a market rally have the u.s. stepping back from the brink of economic disaster. inflation has cooled for the eighth straight month with the consumer price index at a level we haven t seen since september of 2021. that doesn t mean the prices are back to normal. any trip to the grocery store makes that very clear. but overall they are trending in the right direction. right now regional banks are rebounding. there you see some of the surging stocks and paired with that deposit outflows are apparently slowing, meaning the collapse of two banks in recent days has not as of now sparked a domino effect. but moodies has just down graded its outlook for the entire u.s. banking sector. matt, what a difference a day makes here, right? first re ....
that. in terms of where it was flying, it was well-clear of any territory in ukraine. it was international airspace over international water. thank you. nancy? thank you. during secretary austin s visit to egypt he held meetings with officials even though all press were banned from covering it. past defense chiefs when they ve been in similar situation have refused to proceed. given the biden administration has said one of its key pillars in terms of foreign policy is when presented between a choice of autocrats and democracies that it stands with democracies. can you help us understand why the secretary proceeded with those trips given the ban. our relationship with egypt is obviously an important strategic partnership. the secretary did appreciate the opportunity to meet with his counter parts and talk about that. i will tell you when it came to the press coverage of that portion having looked further into it, the egyptians lived up to what they had agreed upon. s ....
invasion of ukraine. a spokesman for the u.s. air force called the actions reckless, unsound and unprofessional. let s bring in natasha bertrand and melissa bell live in kyiv, ukraine. melissa, what are we hearing today from ukrainian and russian officials ans about this inciden the black sea? reporter: what we are getting from the russian ministry of defense is a direct contradiction to what the united states has said so far. what the russians are saying is that there was no contact at all, and that drone went down into the black sea as a result of sharp maneuvering, moscow accusing that drone of flying without transponders that allow a drone to be tracked, a violation of the temporary measures that were put in place for the special military operation in that area. the euphemism that russia uses for its invasion of ukraine. what seems to have happened is that drone was destected off th coast of the crimean peninsula. russian jets scrambled to get up there, and we hav ....