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BBCNEWS World Business Report July 6, 2024

giant has revealed results for the first quarter of this year. the last quarter before it had to be rescued by its swiss rival andy illustrate the scale of the crisis which was around the corner. betweenjanuary and march, credit suisse made a pre tax loss of nearly one and a half billion dollars and to add to its woes, a massive amount of deposits were withdrawn in that three month period. total output was nearly $69 billion and to remind you what happened next, there were fresh doubts about the stability of the wider banking industry, just a few weeks ago investors became increasingly fearful for the future of credit suisse, it was eventually bought by the swiss rival in what was described as an emergency rescue. the $3 billion price tag a mere fraction of what the bank would have been previously valued. this crop looked cross live to the head of investment at interactive investment. for being with us. what s interesting is that we also heard from credit suisse today t ....

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MSNBC Way Too Early With Jonathan Lemire July 6, 2024

fighting in that country we have the very latest on the deadly conflict and what could be next for thousands of americans who are still over there. plus, we ve got new polling on the 2024 presidential election how voters are feeling about president joe biden s re-election campaign as well as donald trump s mounting legal issues. and also ahead, what we can expect on capitol hill this week as the house is expected to vote on speaker kevin mccarthy s plan to raise the debt ceiling. good morning and welcome to way too early on this monday, april 24th i m jonathan lemire. thanks for starting your day and week with us and we ll begin this morning with the developing news out of northeast africa the united states has evacuated and temporarily closed its embassy in sudan as conflict grows in that country. fighting between warring military factions in the capital has killed hundreds and thousands of citizens are still there. they re still remaining in the country. nbc ....

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BBCNEWS World Business Report July 6, 2024

let us get down to business. we start with a fresh look at the banking sector and credit suisse in particular. early marketjitters in response to the ubs takeover of the swiss bank have eased. in asia today, most of the main stock markets are higher with japan closed for a public holiday. the major indices in europe and the united states also closed slightly up on monday. credit suisse is one of 30 crucially important banks in the global financial system and many fear its problems are an indicator of wider risks in the banking sector. so far this month, us and european banking stocks have fallen by 22% and 17% respectively, marking the biggest monthly falls since march 2020 when the covid pandemic hit the markets. here s michelle fleury with a look at how investors in new york responded. yes, there was guarded optimism on wall street following the shotgun marriage between ubs and credit grace that was hastily arranged by swiss authorities over the weekend. the dowjones ....

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CNN Early Start With Christine Romans July 6, 2024

a helicopter crash in ukraine killing top officials and some children. the maga king who falsely claimed fraud said he s the one behind the attacks. george santos qualified to serve on two house committees even though no one s sure what his real qualifications are. all right. welcome to our viewers in the united states and around the world. i m christine romans. we begin with this breaking news. tragedy in ukraine. devastating helicopter crash. the chopper plunged to the ground near a kindergarten. the crash killing ukraine s interior minister and leadership team and killing some children on the ground being taken to the kindergarten by their parents. cnn s clarissa ward live on the ground. what more do we know about this rapidly developing story? reporter: well, christine, as if ukraine hasn t experienced enough horror and enough tragedy. this morning e s events are tru devastating. you can see the area behind me where the helicopter crashed in. the latest info ....

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CNN The Lead With Jake Tapper July 6, 2024

of the destruction and the ukrainians say they cleared around 8,500 tons of debris from this area in about 72 hours. and still, more bodies were found including children. while others remain missing. this man servie searching for h grandson venting his anger at russia. there is no mercy for them he says. ly i will curse them until the last day of my lives. they struck the buildings with a cruise missile designed to destroy aircraft carriers. she was in an apartment complex. she filmed the chaos and saw the destruction. we thought it was an earthquake or something she says, unclear what happened. when we opened the apartment, we saw smoke and dust and heard screams. the kremlin continues to deny the forces were behind the attack but moscow does say russian fighters are now making gains on the battle fields. meanwhile, ukrainian forces are still shelling russian troops around solidar the russians say is firmly under their control thanks to fighters from a private milita ....

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