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. ♪. ♪. ♪. you were in the cnn newsroom paula read in washington, jim acosta is off. we begin with the latest emergency act aimed at a time global banking crisis, switzerland ubs is buying the rival credit suisse after the bank lost 25% of value the past week as major depositors fled in droves. even as an emergency loan from the swiss national bank failed to shore up confidence. that bank says the take-over of ubs should, quote, secure financial stability and protect the swiss economy. joining us is cnn economics and political commentator catherine, first i want to go cnn a...

an emergency rescue. the move is aimed the mat halti investors panic. turmoil swept the global banking industry. now credit suisse lost 25% of its shares despite a $50 billion l loan. gina, will this ubs move to halt the panic, will this work? >> good question. it certainly should help to secure some amount of comfort in at least europe about whether we were going to see an orderly resolution to credit suisse. i think this was hanging over markets. there's a lot of rush to get this done before asian markets opened. the fact they've successfully done that i think should inject some am...

weaponizing the irs against the political opponents? here to weigh in coming up. >> sandra: the latest on the school shooting in nashville that left three children and three school workers dead at the hands of a former student. hello, welcome. i'm sandra smith in new york. hello. >> john: hi, sandra, john roberts in washington. this is "america reports." horrifying moments captured on school surveillance cameras and police bodycam, showed 28-year-old audrey hale shooting her way through two sets of glass doors and roaming the hallways with an assault rifle and appearing to search for...

shares in the swiss banking giant credit suisse fall to a record low as investors remain worried after the collapse of silicon valley bank. a high court in pakistan orders police to halt their operation to arrest former prime minister imran khan until thursday, following clashes between police and his supporters. conflicting accounts from washington and moscow as a us drone crashes into the black sea after an encounter with russian fighter jets. and a small number of wolves settle in belgium for the first time in more than 100 years as numbers rise across europe. hello. we start here...

victor blackwell back with us. um i'm so happy to be back for real. this is real. like for good for good. yes i am so happy to be back. we'll talk more about that in just a moment, because there's a lot going on today. there sure is. well, here's what we're watching this morning. when it came through. it sounds like helicopter real real fast, and it came so fast and quick. we can do nothing but get up on the cover. severe storms ripping through parts of the south more than 20 people are dead and more than 100,000 customers without power. one mississippi town described as quote gone a...