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this is cnn breaking news. i m max foster joining you live from london. bianca is off for the day. we ve got breaking news to bring you at this hour. it is that essentially the second largest bank failure in american history has been announced. first republic taken over by the authorities late last night. and they have sold a large proportion of the assets to jpmorgan chase. thos those assets we re being told is just announced by the federal deposit insurance agency. that s the agency that ensures deposts for customers. this is the third bank to fail in two months. there s a relief other banks haven t failed. as you can see, the medium-size banks are struggling in the united states. there s concern that contagion may spread to other parts of the world. but so far, the authorities seem to be handling each one on a case-by-case basis. as i was aing, j.p. morningen will take over the assets, the deposits held with the bank. customer deposits are safe for now. authorities ....
frontrunners for the 2024 republican nomination, even though only one of them is officially in the race. ahead, a veteran gop strategist explains why desantis is stealing some of trump s thunder. meanwhile, election deniers are celebrating after three states pulled out of a program to protect voter rolls with two more states considering joining them. we ll explain this latest development. plus, we ll go through the changes norfolk southern is making following the derailment of two of its trains in ohio. and we ll ask transportation secretary pete buttigieg about the federal response to the disaster and how to prevent another one from happening when he joins us later this morning. and good morning and welcome to morning joe. it is tuesday, march 7th. we are live in abu dhabi, the crossroads of the world. it truly is, with our 30/50 summit, forbes and know your value has come together to create an incredible, cross-cultural, multi-generational summit that, rea ....
18-year-old walk in, a 20-year-old and buy an ar-15. that s why back in 1994 i took on the nra and passed the assault weapons ban. for ten years mass shootings were down. ten years in a row. i was going to say i passed that legislation in 1994 as a senator. but in 2004 republicans let that ban expire. what happened? mass shootings in america tripled. it s time to ban these. it s time to ban these weapons. we did it before. we can do it again. [ applause ] it s time to hold every elected official s feet to the fire and ask them are you for banning assault weapons, yes or no? ask them. if the answer is no, vote against them. [ applause ] look, i m prouder that after seven years we finally had a senate confirm director of alcohol, tobacco and firearms responsible for fighting gun crimes, for seven years the other team would not let us appoint anyone to that job. incredibly important job to help local law enforcement, federal law enforcement identify the ballistics. a whole ....
thiessen live coming up. john: fox news alert, president biden landing in the middle east as inflation hits a new 40-year high with no end in sight. i m john roberts in washington. sandra, double duty today. sandra: great to be with you, john. brand-new numbers from the government showing red hot inflation has not cooled. consumer price index surging to 9.1% in june. marking the biggest one-year increase since 1981. the president issuing a statement in response to all of it saying today s data does not reflect the full impact of nearly 30 days of decreases in gas prices and other commodities like wheat have fallen sharply since that report. john: americans are not feeling any relief, as the labor department shows, paying more for gas and cleaning products compared to last year. we begin with fox team coverage. lydia hu live in new york city with more on the inflation impact on food prices and jacqui heinrich from jerusalem where she is travelling with the presid ....
russia collusion, ukrainian phone call, alleged hush money payments to stormy daniels. never-trumpers always think they have the former president right where they want him. the aftermath of the mar-a-lago raid, it has been no different. let s about trumpers reaction which has been which is to throw any criticism back in the face of the doj. do you get the sense he feels like the walls are closing in? i think he is very worried. i don t think he ll admit it. i think for the first time things are really i m going to say the walls are closing in. pete: yes, the oft repeated, never realized walls that are closing in. like the knives are out. it isn t just the resistance folks playing into this. but also biden s doj. in last night s close to midnight filing in response to his request for an independent special master to determine what would actually be applicable, they went out of their way to provide even more fodder for the chattering class and the damning language ....