conversations. two different takes on a controversial ruling out of texas, overturning fda approval of a drug used in medical abortions. we ll have much more about that and all the reaction to it just ahead. plus, local leaders in tennessee are working to reappoint two democratic lawmakers who were expelled from the state house there. and also ahead, former attorney general bill barr ranks the most pressing legal issues for donald trump and predicts another indictment is coming for the former president good morning and welcome to way too early on this monday, april 10th i m alley i have day tally in for jonathan lemire. we begin with a string of gun violence over the holiday weekend including three mass shootings. it started in south carolina with a mass shooting at a beach during a high school graduation celebration. six were shot, including two teenagers. six were arrested on gun possession charges. in new orleans investigators are working to find a car who sp
deeper trouble, and two credit firms downgraded first republic bank to jump status. though they gave back some ground by the close the dow industrials and s&p 500 still ended the day down significantly. shares of regional banks including first republic were down sharply, in first republic s case by more than 21%. big banks which are more tightly regulated also took a hit with citi group shares down 5%. we ll have more in a moment on what this means to markets and the economy. chris tone romans and phil mattingly with me for that. first we re joined by senator bernie sanders. senator sanders, how much confidence do you have in the banking system right now? and should people watching be worried about their bank and their savings? well, i think we re all concerned about what happened at silicon valley and we re looking at other banks around the country. and i think our hope and our prayer is that there s not going to be contagion. and i think it s imperative that the congress
that panic can spread to other banks, it is called contagion. the fed has to tip toe very carefully through what is certainly a mine field at this point. donald trump lahad a very specific strategy and approach. at the end of the day donald trump needs to be held accountable for hils dirty deed. we have absolute evidence of the contact and it was very aggressive. it is important that great powers be models of transparency and communication. live from london, this is cnn newsroom with max foster and bianca nobilo. it is thursday, march 16, 5:00 p.m. in tokyo, 4:00 a.m. in new york where all eyes are on global stock markets as they react of yet another bank collapse. and here is how u.s. futures are looking. as you can see, everything is ticking up after was what was a very volatile trading session. credit suisse will borrow up to $54 billion after a slump in its shares left investors on edge. saudi national bank rolled out further support. credit suisse s
hill. i m jim sciutto. the moment of impact, remarkable new video shows a russian fighter jet as it forced down a u.s. drone over, we should note, international waters. all of this played out just south of ukraine. 48 hours ago. video proof russia didn t tell the truth about this. i m going to walk you through what we learned from the new video just ahead. also today, janet yellen with a direct message to americans, your money, your bank deposits are safe. she is set to testify on the hill next hour. this, of course, as bank failures here in the u.s. in an unrelated and ill timed bank issue in europe is spooking so many. so this morning what you need to know. if the banking news feels like a lot, how about a little distraction? how about a little march madness. if your bracket isn t locked in, you are running out of time. but we have the guy to help you make the final decisions later this hour. we begin this hour with the incredibly newly declassified video showing the
failed within three days of each other. that led credit for moody s to downgrade its outlook for the entire u.s. banking sector. and those worries skyrocketed today because of troubles facing the global investment company credit suisse. the saudi bank failed to rule out giving funding to the already embattled company that combined with the recent u.s. issue sent stocks falling. i want to bring in business reporter rahel solomon, rahel, walk us through what happened today. well, jake, basically the mood for investors, as investors search for the next sign of weakness. to be clear, i think the nasdaq actually closed slightly higher which is interesting. but this is really just a confidence issue at this point. you can see that reflected very clearly in some of the bank stocks. i want to point your attention to some of the regional stocks, jake, you and i have talked about already. first republic bank off 21%, pac-west off 5% on top of the losses. it s been a rough go for some