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the editorial board. alexandria hoff joins us live. alexandria: u.s. regulators are applauding the deal saying the lifeline given to first republic bank demonstrates the resilience of the american banking system. all of this to pull first republic bank from the spiral met by silicon valley, signature and silver gate. join statement reads action of the largest banks reflect confidence in the banking system, we are deploying strength and liquidity to the largest system where it is needed most. the banks are supporting the economy and those around us. secretary yellen was among the architects of the deal. her testimony game days after emergency action to contain collapse of silicon valley bank. listen. i can reassure the members of the committee that our banking system is sound. americans can feel confident that their deposits will be there when they need them. this week s actions demonstrate resolute commitment to ensure that our financial system remains strong and th ....
flight attendant attacked a passenger as he tried to open the door in flight. i m kate bolduan, and we are looking at the breaking news. officials say they have located four americans abducted last week. sadly, two of them are dead. the video of the kidnapping is so troubling and terrifying, that you can see what investigators believe are members of the drug cartel loading the group into the back of the truck. this happened in broad daylight as you can see after a shooting that left one bystander dead. a source close to cnn said that the kidnappings here are a case of mistaken identity and the families were traveling from south carolina to mexico for a medical procedure. we go to josh campbell who has the very latest coming in. what are the official saying now? i have been talking to the officials familiar with the investigation since the investigation began and though they were holding out hope to rescue the four american victims they said it is looking very grim, ....
the presidents of brazil and china are due to hold talks in beijing shortly. luiz inacio lula da silva and xijinping are expected to sign trade deals. they will also discuss the war in ukraine. our correspondentjoao da silva has the latest from singapore. well, we don t know the exact contents of the agenda, but, as you mentioned there, there is at least a couple of issues that are likely to make it into the talks. first, of course, it is trade and investment. the brazilian side has said they expect to sign more than 20 bilateral agreements. it signals their desire to strengthen economic relations with china. president lula who was returned to power only a few months ago knows he needs brazil s largest trading partner if he is to deliver on his promises to fight poverty and to really boost brazil s stagnant economy. and china, it is also interested in consolidating trade ties with brazil. beijing is facing growing tensions with the us which is its largest trading partne ....
tightened too much. indeed, suggests that we still have work to do. if you ever find an airline pilot said it worked with the federal reserve, get off that aircraft. the 16th largest u.s. bank chanced today and took a nervous stock market with it. the latest talk is that this might pause the federal reserve in this latest interest rate hike cycle. the betting seems to be when they gather next week, maybe no rate hike, period. neil: one year, can you believe it? a year ago today it all started. eight interest rate hikes later, the federal reserve must decide whether next week it should make it a ninth. even as credit swiss is receiving a $54 billion life line to keep it going. news hoff a $30 billion rescue for a bank, first republic. that helped stocks rebound. we re tracking it all, this incrediblier and where we stand now from main street to wall street, from the federal reserve to capitol hill to the white house as well. with rich and robert on what could be ....
pay a roll is the silicon valley bank collapse. this hour, everything that you need to know. forget frenemies, president trump is acting as if governor desantis is his biggest rival, and the new nickname that trump is using on the trail for desantis and the regret he says that he now has. and a powerful nor easter is hitting hundreds of thousands of people with heavy snow and wind as heavy as 60 miles per hour slamming the northeast and you can see it churning there and a lot to get to this hour, and a lot to begin with the latest on the response to the banking fears. cnn business reporter matt egan processing all of the new inflation data which met expectations, and what is the new consensus this morning? well, jim and erica, it is saying that inflation is not gone, but it is cooling off. 6.5% increase in consumer prices over the last six months is not good, but it is triple what is considered healthy, but everything is relative. as you can see on the chart, th ....