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CNN CNN This Morning July 6, 2024



bank failures, silicon valley bank and signature bank. christine romans, what is happening with credit suisse is different, but it s also spooking thing market. it is. so this is european banking fears that are now spreading back into an already fragile and vulnerable u.s. system. credit suisse down 20% to a record low. several european bank shares are halted in european trading. so that s just feeding into the worry about rising free agents and fragilely in the world. dow futures down 1.5%. if this holds this would take away the rally in yesterday. nasdaq, s&p futures also lower here. the regional banks that bounced back in the u.s. yesterday a sign of stability, a sign of relief, a mixed performance. first republic shares in premarket trading up a little bit. some of the other banks are down and again what folks are really zeroing in here is what are the exposure to these banks, these long-term treasuries, long-term securities that are going to be hard to sell in th ....

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CNN CNN Newsroom July 6, 2024



inflation. prices fell dramatically last month for manufacturers. of course, those costs passed down to consumers eventually. the flip side, there are still banking fears simmering, futures way down ahead of the opening bell, you can see there. what all of this means as we get another big decision coming, that is, the feds, whether it will raise interest rates again. plus this morning escalating tensions after an alarming encounter over the black sea, a russian fighter jet colliding with an unmanned u.s. drone. that $23 million aircraft then crashing into the sea and the race is now on to recover it. extreme life-threatening weather continues to hammer both coasts this morning. record rain, swamping california, heavy snow, 3 feet in some areas, burying the northeast. this morning nearly half a million people without power. we are going to get to all of that, but we do want to begin with the economy this morning, this new data that just dropped, cnn chief business ....

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CNN The Lead With Jake Tapper July 6, 2024



one jet flew underneath the drone, and kipped the pro-feller on the back of the mq-9. because of the damage, we were in a position to have to essentially have to crash it into the black sea. reporter: but russia denies the two aircraft collided. the russian ambassador to the u.s. trying to calm tensions after the biden administration summoned him to the state department. we prefer not to create a situation where we can face unintended collisions or unintended incidents between the russian federation and the united states. reporter: with u.s. and russian aircraft operating over the black sea, the invasion of ukraine drags on, and so do the chances of a dangerous miscalculation. we know that the interception was intentional. it was also very unsafe and unprofessional. the actual contact of the russian fighter with our uav, the physical contact of those two, not sure yet. reporter: russian aircraft have had other dangerous confrontations with the u.s. in the bl ....

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BBCNEWS The Context with Christian Fraser July 6, 2024



hello and welcome to the programme. tyre nichols, was a 29 year old black man. a father, a fedex employee, a keen skateboarder. three weeks ago, he was pulled over by the memphis police on suspicion of reckless driving. there was a confrontation after which tyre fled. and what happened next defies belief. five memphis police officers, who are also black, chased him down just 80 yards short of his mother s front door, they beat tyre so badly that, three days later, he died from his injuries. i am going to show you a picture of what tyre looked like before he died. just a warning it is hard to look at. the coroner said he had suffered excessive bleeding caused by a severe beating . the family have been shown the body cam footage. while each of the five individuals played a different role in the incident in question, the actions of all of them resulted in the death of tyre nichols, and they are all responsible. reverend al sharpton has spoken with the family and will deli ....

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MSNBC American Voices With Alicia Menendez July 6, 2024



additional funding available t help banks meet the needs of their depositors this comes just days after the collapse of silicon valley bank nbc news producer garrett grew back joins me now. gary, what more. do we know we do have the statemen straight from we will read a portion of it t you now. after a recommendation from th board, the fdic in the federal reserve, and consulting with the president, secretary yelle improved actions enabling th fdic to complete its resolutio of silicon valley bank tha mirror that fully protects the depositors what does this mean? basically, the depositors will have access to all of thei money starting tomorrow. and no losses associated wit the resolution of silico valley bank are going to b borne by the taxpayer. that is zero dollars there senior management of f s vp ar going to be completely removed from the company, according to treasury and they say that it i decisive action that wil protect the u.s. economy b strengthening public ....

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