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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 ...

A key development tonight in russia's downing of an american drone yesterday over the black sea. american officials tell cnn the russians have reached the crash site and to what they'll actually find joint chiefs chairman general mark milly today said likely not much. he said the m-q9 reaper probably broke up adding that what he called mitigating measures were taken to ensure sensitive intelligence would not fall into the wrong hands. meantime defense secretary lloyd austin said he spoke to his russian counterpart about the incident calling it a pattern of, quote, aggressive and risky and unsa...