hello and welcome to inside politics. i m john king in washington. thank you for sharing another very busy news day with us. on notice, six more lenders get put on a watch list following the bank intervengs. new inflation numbers today make the challenge even more complicated. the inflation playbook says raise them again. plus the anterior of reagan no more. gop presidential hopeful ron desantis says russia s assault on ukraine and its democracy is not a vital u.s. interest. it s a flip tlop for the governor that puts him in sync with today s gop. and blame mike pence. donald trump says jan 6th would not have happened if pence had helped him steal the election. up for us first, the justice department and the securities and exchange commission now conducting separate investigations into the collapse of silicon valley bank. the news following a startling warning that six other banks ared a at risk of credit downgrades. it s part of the huge balancing act for the economy.
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 republic
and could lead to miscalculation and unintended escalation. we have watched not only over the course of the war but even before as u.s. aircraft including reaper drones which we could track on flight tracking websites for the most part as well as knowing that russian aircraft were operating over the black sea have done so for more than a year at this point. but this of course is the first such interaction we ve heard of essentially a collision, ramming of some sort, between the russian su-27 fighter jet and u.s. air force drone forcing the u.s. to bring it down. how does the u.s. respond? how does the u.s. view the severity of the incident? john, those are very important questions that the u.s. will have to answer. a very important question. was it a cowboy incident, was it a miscalculation, was it deliberate? we appreciate the breaking news and know you ll get the details as they come in.