for the first time since russia invaded ukraine china s president xi jinping will meet face-to-face with vladimir putin. so what could this mean for the war and also tensions between the u.s. and china? we are on it. plus a cnn exclusive, dozens of mar-a-lago staffers, members of trump s inner circle as well, have now been subpoenaed to testify in the ongoing probe of classified documents. find out who is on that list. and big banks to the rescue, 11 of them are now offering a $30 billion lifeline to one of the regional banks in danger of collapsing after this week s banking turmoil. we will be watching for reaction when the markets open in less than 30 minutes. we do begin this hour with next week s meeting in moscow between the russian president, putin, chinese president xi. cnn s senior international correspondent will ripley is with us. what more are we learning about the talks and what they re expected to focus on? reporter: the timing is certainly significant, it
turmoil is spreading. credit suisse will borrow almost $54 billion from swiss bank. the bank stock surging in the first few minutes of trading today in europe as shares plunged to a record low on wednesday after getting cut off by its biggest shareholder. anna stewart is live in london. markets are now open there. what is the latest? reporter: i think that we re seeing a bit of relief now on the european indices particularly with the banking stocks. let me show you how the european market opened. all the major indices are higher by around a percentage point led by the smi in switzerland. credit suisse closed down yesterday 24%. and today you will see share price is now up around 23%. i think some investors saw a little bit of value early this morning as a result of what the swiss central bank has decided which is that they would provide liquidity back stop and credit suisse have taken them up on that offer, $53 billion in terms of the loan. and they will be buying back arou
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
and pentagon concerning the russian downing of a u.s. drone. new video shows when a pair of russian fighter jets approached the drone and brought it down. let s bring in oren liebermann and jeremy diamond. let s start with what the pentagon is saying about this new video. reporter: the video itself is pretty incredible. a close look at what happened early tuesday morning over the black sea. there are essentially two pieces to it. in the first one, a russian fighter jet makes a pass at a u.s. mq-9 reaper drone, dumping jet fuel. you see the drone itself is still operating. the propeller spinning, in the second clip of the video or the later part of the video, you see a russian fighter jet make another pass. you see the same dumping of jet fuel and this is where the russian jet collides with the u.s. drone, damaging its propeller and forcing it down. it s critical because this is what backs up the u.s. account of how this all played out over the course of 30 to 40 minutes o
good evening, welcome, i m earth nature. just ahead on cnn newsroom, russian warplanes are accused of taking down a u.s. drone over the black sea. it s a potentially dangerous escalation at a critical moment in moscow s war against ukraine. we are tracking two major coastal storms in the u.s.. more flooding in california, and a nor easter dumping feet of snow in new england. plus, coming soon to florida beaches, a giant blob of stinky seaweed. around twice the width of the united states and visible from space. i ll speak to a leading researcher about the dangers it poses on sea and on land, the impact would have on tourism, and what it will take to clean up the mess. live from cnn center, this is cnn newsroom was rosemary church. good to have you with us. while, the u.s. air force says american and allied jets will continue to operate in international airspace after a confrontation with russia over the black sea near ukraine. the u.s. military says russian fighter