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safeguards to prevent fraud. but critics say, others don t. how do you see people use technology the phishing scams we have all seen but it s going to sound like somebody you know. reporter: going forward because you hear it, doesn t mean you should delete it. gadi schwartz, nbc news. that wasn t me very cool and creepy. we have a lot to cover in our second hour. let s get right to it. at this hour, high-stakes standoff, russia steps up its assault in eastern ukraine, as volodymyr zelenskyy says the stakes couldn t be higher. president biden getting ready to sign an executive order to increase background checks. relief rally it s been a good day for your retirement account stocks are posting solid gaines after a new report on inflation and easing worries on the nation s banks just ahead, we talk to a key member of president biden s economic team. our nbc news reporters are covering all of the latest developments that s where we begin with nbc news business a ....
California, where the president is signing a new executive order related to guns. what can you tell us about it? at the center of what the president is going to be signing today, is an effort to expand and strengthen the background checks system. the president is able to do that by building upon that bipartisan gun compromise he signed into law last year. the president will be directing the attorney general to clarify what it means to be engaged in the business of selling firearms it will expand the number of sellers who fall under the requirements to conduct background checks and close some of the loopholes the president is trying to build on the legislation by better promoting those so-called red flag laws. 19 states and th columb columbia, that allow officials to take away firearms. those laws are effective as utilized the president wants americans to know where and when they can take advantage of that to deal ....
American people will see which side, which party is in favor of the financial system that s a politic al calculation that people can make what the president is doing in monterey park, california. he got as much as he could on guns he is signing another executive order. is that a route you can take what other operations are there, with a republican-controlled house is not an option here? there s quite a bit we can do administratively without congress a lot of that is under way, with regulators that the president appointed the last few years, taking their roles and reversing the changes that we saw, during the previous administration. there s more action we can do in that space we re committed to getting that done there s going to be a set of things, most likely, that will require congressional action since we had congressional action during the trump administration, that rolled back the rules in the first place we re going to do both ....
The president said we re committed to everything we can to reverse the things that were enacted in the previous administration speaker mccarthy put out a statement on twitter it says, biden s reckless spending caused record inflation and rapid interest rate hikes that broke family budgets and banks, too we must restore fiscal sanity. what s your response to that does the white house share any of the blame for this? if that argument were the case, you would see many banks facing this situation. what you re seeing a and idiosyncratic situation with a handful of banks banks, by the way, and this gets to the reason we re here, the exact category of banks that were deregulated in the previous administration i think the story here at the bottom line is that, a set of banks, in the previous administration, republicans were largely saying, these are not systemically important if something bad happens at one of the banks, it won t spread ....
Wanted answers the u.s. assumes that it was damaged in the collision but doesn t know for sure. and now, the briefing is about to get under way do we want to take a listen? let s listen in. undersecretary of defense for policy that will provide brief remarks about the pathway announced by president biden yesterday. this is a trilateral commitment plan for australia to provide nuclear-powered submarines note, the doctor will have time for a few questions and must depart i ve asked that you please limit your questions to aukus, given that s her focus here today. after a brief pause, i ll stick around to offer non-aukus updates. doctor, over to you, ma am good afternoon. it s great to see you all. yesterday, you heard from president biden on the agreement for australia to acquire a conventionally armed nuclear powered submarine capability ....