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after banking shares saw sharp falls on monday. the sell off continued in asia with japan's largest banks also seeing heavy losses. shares of mufg, miz uho and smfg were all down around 8% in trading. the nikkei exchange was down over 2% overall. here in europe, we've seen credit suisse drop another 5% in early trading. on monday, major us banks lost around %90 billion in stock market value, bringing their loss since svb's collapse to nearly $190 billion. many are now speculating the federal reserve will pause its plans to keep raising interest rates, designed to tame inflation. we'r...

inflation and high interest rates, and banking instability have contributed to this year's gloomy economic forecast stock but it is a global recession is not likely stop business reporter katie silver has been looking into this story for us and joins me now on the programme with the details. great to get you on the show. talk through what you have seen today. 50 talk through what you have seen toda . ~ ., , talk through what you have seen toda . ~ .,, , today. so the imf has seen it has been _ today. so the imf has seen it has been a — today. so the imf has seen it has been a peril...

assured they will be protectednd have access to their money -- >> we have an obligation with payroll. we have an electrical business and we have to meet payroll this afternoon. that's why i am here. >> everything is insured. we are not worried. >> going to collect my share and go home. >> wow. >> yeah, wow, right? >> it's a full-on bank run. these are old-school bank runs. >> let's not scare people. >> no, i'm saying what we're seeing. >> a few banks. >> yes. >> let's hope it's not more. good morning. it is the top of the hour. glad you are with us. customers getting their money back...

and 48 hours to come up with the next generation of video games. we'll be hearing from the man behind the global gamejam. hello there. we start here in the uk, where the bank of england has raised the cost of borrowing for the tenth time in a row. the half—a—percent rise puts uk interest rates at 4%, their highest level in more than 1a years. a bonus, of course, for savers, but it piles more pressure on businesses and those with mortgages, loans and credit card debt. the good news is that the bank now thinks the uk's recession will be shorter and less severe than it previously th...

republican. >> a nor'easter making a mess he computer for people throughout the northeast, parts of new york and new jersey this storm expected to dump 2-4 feet of snow. >> former president's trip to iowa. headed to new hampshire next month. >> rumors about a possible presidential bet. >> all they know is he's going to have a successful state he has taken on woke and they want to know more about him. >> jason derulo left him huge -- >> hey, jason, thank you. you made the first semester of my college. ♪ ♪ >> brian: at beaumont they say it's lovely to visit in september or october ...