congress and trying to restore confidence. and cut ties with china or be banned. that is what we are watching this hour. thank you for being here. i m kate bolduan, and first to capitol hill where secretary treasury janet yellen is trying to assure the american people and the senate that the monetary system is sound. and they may get to the president s budget, but in light of that, her appearance there is taking on new appearance, because she is the first biden administration official to appear before the senate, and this is after the global financial markets have been rattled by another problem. credit suisse has been propped up by over $54 million from the swiss bank. this a look at where it is standing right now as christine romans is watching all of this for us. first, christine, start with janet yellen who is testifying now. she is speaking to congress, but speaking directly to the american people telling them that your money is safe here, and we have taken steps to
commitment that their deposits and money are safe and the system is sound. and so this is a limited sort of cross border problems here, but watching credit swuise here and you have small toand regional stocks being pulled out, but these and of course, some of them have had problems. and a couple of years of problems, but both of them when there is pressure on the banking industry overall, because of the higher interest rates and because of the banks profiles and the monies and the profiles not insured by the fdic right now. so goldman sachs is saying that the chances of a u.s. recession just went up. yes, goldman sachs is saying
the latest. dominiq dominique, he tried to flee? reporter: he did. he was fareful for his fearful for his life because of the prison thugs around himself couldn t help themself seeing an american marine. of course there are disdain with the u.s. and the cross border problems. his prison warden had given the fox news to let them interview him but at the last point they turned them down. and it took gretten van susteren who interview him and he had been punch pd and thrown to the ground and he thought they were about to kill him. listen. the night i escaped, when they got me on their custody, they striped me of my clothes and then they handcuffed me, my hands to a bed post and my feet