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first to give money to the poor, then as a painter of realistic-looking images of notes....

first to give money to the poor, then as a painter of realistic-looking images of notes....
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Transcripts for CNN CNN Newsroom Live 20240604 07:06:00

Here s some advice from one financial expert. the safest place is in a credit union or a bank that has fdic insurance or treasury bills or notes. if you really are looking for safe, safe money, you want to make sure that whatever you re invested in is backed by something else that has never failed. you have the fdic for banks. treasury bills. treasury notes. treasury bonds, backed by the authority of the united states government. you can have treasury money markets and things like that. you want to know that whatever you re invested in is really insured or backed by something that has nothing to do with speculation. u.s. sources say senior

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Transcripts for CNN CNN Newsroom Live 20240604 07:08:00

Earn of aggressive, risky and unsafe actions by russian pilots in international air space. it s incumbent upon russia to operate its military aircraft in a safe and professional manner. we re following developments. we go live to london. good morning, salama. senior russian officials ordered the harassment of the u.s. drone. what are you learning about this? right now, i think all eyes on the black sea, a there s a mad dash for the remnants, if there s any remnants of the drone. russian officials said they will try to recover it from the black sea. the united states said it s unlikely it will be able to reach whatever is left of that drone. i know you have a map up. i want to explain why this is so complex. according to u.s. officials, this crashed 70 miles south of

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Transcripts for CNN CNN Newsroom Live 20240604 07:05:00

Wall street paired some of the losses we saw yesterday when they closed. looking at the futures, they may open higher. currently, that s the expectation for europe. there s one key event we need to be mindful of. there s talk about interest rates and the banking sector. i m not sure it s good timing. but ecb decides on its next interest rate decision today in the next few hours. given what has happened, will this mean it pairs back on the expectation for half a percentage point rate rise? it could well. it provides the ecb with a big opportunity to speak about this panic in the markets with the banking sector. perhaps that will go some distance to restoring confidence. anna stewart joining us there. many thanks. the banking meltdown over the past few days has left people wondering how to keep their money safe.

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Transcripts for CNN CNN Newsroom Live 20240604 07:02:00

Teeters on the brink of failure. but credit suisse will get a hand from swiss national bank as it plans to borrow $54 billion in hopes of assuring investors. the lender would be the first major bank to be given such a lifeline since the 2008 financial crisis. that feeling the of deja vu sent markets plunging in the nasdaq. the dow and s&p 500 ended the day down significantly. markets across asia are also seeing declines amid fears of instability in the banking sector. but economists are trying to reassure investors. look, americans money is safe. i don t think this is a time for panic or alarm. this is not 2008, where people needed to be worried about whether they could get their money from the atm machine.

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