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and japan meet for the first time in 12 years, seeking to set aside historic differences. the european central bank has hiked interest rates by half of 1%, despite the impact of rising rates on the banking sector. it comes as central banks and governments around the world are nervously watching whether the crisis surrounding credit suisse will develop into a global banking crisis. shares in credit suisse have stabilised after the swiss national bank offered it a funding lifeline. so how did we get here? credit suisse was already in trouble before its biggest investor saudi national bank announced on wednesday that it could offer no more financial support. that lead to its share price plummetting by 30%. late wednesday the swiss central bank said it would provide financial support to the tune of $54 billion us dollars. that has reassured the markets for now but concerns remain about contagion from the collapse of the two us banks last week. it is all quite complex, it is ....
Issued by banks, in that case i would be more worried. what action would be more worried. what action would ou would be more worried. what action would you like would be more worried. what action would you like financial would you like financial institutions around the world to be taking to make sure that things are studied permanently? taking to make sure that things are studied permanently? manage where our studied permanently? manage where your balance studied permanently? manage where your balance sheet. studied permanently? manage where your balance sheet. we studied permanently? manage where your balance sheet. we had - studied permanently? manage where your balance sheet. we had three - your balance sheet. we had three failures in the us last week and they happen quickly. they were all because of bad balance sheet management, every single one of them could have been avoided. they weren t and that is just bad management, so focus on the balance sheet and manage it well ....
That always felt just a little bit out of reach. but really it does not feel that way anymore. this weekend we also saw evidence of that, crowds back in arenas. including here in new york city where 15,000 fans were in madison square garden to watch the knicks play-off game. just hearing the roar of a crowd is a start willing amazing sensation. this great news comes as an intelligence report is going to fuel further debate. they find several scientists in a lab in wuhan china were hospitalized with an unknown illness in november of 2019. that is a month before they reported the first cases of covid-19. joining me right now is david culver in shanghai with more on this intelligence report. and what you can take from it can t extrapolate, can t what we do with it now. what are you learning david? it doesn t bring us right to the origin of this virus which i know most folks are trying to figure out. and they would want to know. especially the w.h.o. experts ....
Somewhat reassuring to republicans that they can figure out a way how to maneuver around president trump and his low approval ratings and still hold on to his seats. do you agree it would help mcconnell get health care done next week? and if so, why? well, you know, i think that winning nothing succeeds like success. so if there s momentum, that could give some recalcitrant republicans, republicans who are maybe getting a little bit of cold feet, a little bit worried about the voters a little comfort. and i do think that although this isn t predictive, right welcome you can t extrapolate, say if democrats win this, you can t extrapolate and say, this means that the house is going go democratic. i ll use a sports analogy. when a team is out of the game, you want to keep them out of the game. and if all of a sudden they make a good play, they score a touchdown, the crowd gets in the game now. now they have momentum. that is what republicans want to keep democrats from getting. ....
Desperate to go against the republican district. if they can win, psychologically for them, even more important than one single congressional district which after all is not a harbinger of anything really. i mean you can t extrapolate and and say because they one this one district they re going the take back congress, psychologically it s important for them. let s look at this district in terms of the numbers and how much it has swung. in 2012 romney won by 23 points over president obama. then in 2016 trump won by 1.5%. right. over hillary clinton. so this, it s very very tough to predict. i mean even if you look at all of the soothe sayers, the projections are all over the math. the republicans should win because they outnumber the democrats in that district. they ve hold it since 79. if math works, the republicans should win. the other number that is no ? ....