Indictment. This one handed up this week charges trump with four counts related to subverting the result of the 2020 election. Paula reid has more. Reporter former President Trump is expected to come here to washington to appear in person for this hearing which is expected to be both an initial appearance and also an arraignment. It is unclear if well see him arrive because this federal courthouse, it is designed to deal with people who have Security Details and vips. So it would be easy for him to pull into the underground garage and we wont get to see him at all. But once he is inside the federal courthouse where of course there are no cameras, he is effectively under arrest and it is expected that he will be processed like any other defendant but we dont expect a mug shot because those are used to identify suspects if they go on the lam. But this will be a quick procedural hearing. It will be in front of a magistrate judge. This is expected that he will hear the charges, have the op
good evening. tonight, the latest on banking system troubles that appeared to be easing yesterday but came rumbling back this morning. deeper trouble than previously thought. then, kim news that two tragic credit rating firms had downgraded. markets plunging this morning, and that they gained back some ground by the close, the still ended the day down significantly. shares of regional banks, including first republic, were down sharply, and first republics case by more than 21%. big banks that are tightly regulated also took a hit, with citigroup shares more than 5%. good morning the moment on what this means to market economy, your money christine romans will be with me for that. first, we re joined by vermont senator bernie sanders, who chairs the senate labor and pension committee. so sanders, how much confidence you have in the banking system right now? should people what should be worried about their bank in their savings? i think we re all concerned about w
alone welcome to our viewers joining us here in the united states and all around the world, i am rosemary church. just ahead on cnn newsroom, a tanking swiss bank gets a lifeline, but nervous markets are taking a beating as fears of a broader financial crisis whom. is it safe to fly right now? after a series of near runway misses and no clear answers on why this keeps happening, u.s. aviation authorities host a rare safety summit. plus, georgia investigators have another reporting of donald trump pressuring a state official to overturn the 2020 election. live from cnn center, this is cnn newsroom with rosemary church. good to have you with us. global markets are jittery another bank teachers on the brink of failure, but credit suisse will be getting a helping hand from a swiss national bank as it plans to borrow up to 54 billion dollars in the hope of reassuring investors. now this comes after two credit rating firms downgraded americas first after concerns that deposit
kitchen table. and so for people that might not fully understand the role of these credit rating firms, put it into perspective. why are their ratings so important? they are so important because they allow the u.s. government to go out and raise money, to raise debt in particular. and to raise it at a fairly low interest rate. so it will allow you know, this decision essentially will make it more expensive for the u.s. to finance its debt going forward. that means to finance things like infrastructure investments, to finance all of the investments in the u.s. economy that i think have made the u.s. so resilient and so fortunate really relative to the rest of the world. and another indicator a lot of folks have been keeping an eye on is interest rates. already at their highest levels in over 20 years. should we expect more rate hikes for 2023? i think that i m a little bit of an outlier here.
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