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in the global banking sector credit suisse getting a $50 billion life line today from the swiss central bank new concerns about the large number of uninsured deposits at first republic, another california regional bank >> i can reassure the members of the committee that our banking system is sound and that americans can feel confident that their deposits will be there when they need them. also this hour, the pentagon's stunning video of the russian jet flying directly toward the u.s. drone and what appears to be dumping fuel on the unmanned drone flying over the black sea near crim...

a far cry from the 9% we saw in june but there are warnings of a possible recession or the pipelines our business reporter katie silva has been looking into the details of the story for us. it is always great to see you on asia business report at the seems like relatively good doesn't it? fit at the seems like relatively good doesn't it? of course. as we mentioned _ good doesn't it? of course. as i we mentioned a huge drop since lastjune. 5% inflation down from 6%, its well and truly been welcomed in high quarters, president biden saying it gives american families some breathing roo...

of a possible recession in the pipelines. our business reporter katie silva who has been looking into the details of the story for us, joins me now on the program. katie, it is always great to see you on asia business report and this seems like relatively good, doesn't it? it does. it has been welcomed in high quarters. president biden, for example, saying that it gives american families some breathing room and particularly pointing to the fact that we've seen the greatest reduction in the costs of gas as well as food and grocery expenses — things that are very important to america...

we have fox team coverage in new york. larry kudlow of fox business tells us about the global impact of these currency efforts. in washington rich edson shows us how china is making its move. but we begin with national correspondent william la jeunesse at the leag presidential library in simi valley, california. good evening, william. >> good evening, bret. you know, washington and beijing have had for differences over the future of taiwan. today speaker mccarthy down played any disputes. he said while the united states is not interested in war it will not abandon taipei. >> a friend...

series of spring meetings with the world bank in washington this week stop it is also downgraded its overgrowth forecast for this year and exciting weaker performances in some leijer economies. our business reporter has been looking into this story for us and joins us now. always go to get you on the show. you have been sifting through the report, what are the projections?- report, what are the projections? they are predicting _ projections? they are predicting that - projections? they are i predicting that economic projections? they are _ predicting that economic growth this year ma...