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headquarters in new york city. could a political battle that's splitting the republican party also influence the outcome of the actual war some republican lawmakers obviously think so, slamming ron desantis for arguing the u.s. should stop helping ukraine. what it could mean for the congress, the country and the kremlin. plus, the hugely consequential hearing on abortion happening right now in texas. how the opinion of a single judge could impact the lives and health of millions of women across the country and wall street under pressure again, with the dow falling from the openin...

welcome to our viewers in the united states and around the world. this is "early start." we begin with global markets in turmoil in the wake of the failure of two major commercial banks, svb and signature bank in the united states. global markets, asian shares closed down sharply as investors fear further bank collapses to come. european stocks have been climbing though in the last few hours, a mixed performance now, but trying to find some footing this europe. and look at u.s. futures, they are up slightly. we'll try to make sense of all of this for you in a moment. one place you do...

assured they will be protectednd have access to their money -- >> we have an obligation with payroll. we have an electrical business and we have to meet payroll this afternoon. that's why i am here. >> everything is insured. we are not worried. >> going to collect my share and go home. >> wow. >> yeah, wow, right? >> it's a full-on bank run. these are old-school bank runs. >> let's not scare people. >> no, i'm saying what we're seeing. >> a few banks. >> yes. >> let's hope it's not more. good morning. it is the top of the hour. glad you are with us. customers getting their money back...

good tuesday morning, i'm erica hill. >> and i'm jim sciutto. some major news just in on your money. new key inflation data finds that americans overall are paying less for items. still, however, some sticker shock out there. will the fed now pause its ongoing rate hikes? we're also closely watching bank crisis fears following the sudden collapse of two regional banks. markets open soon. we will look at where things stand today. plus, loyalty loss. former president trump taking his first stage in iowa since announcing his third bid for the white house, sharpening his 2024 attacks. ...

pay a roll is the silicon valley bank collapse. this hour, everything that you need to know. forget frenemies, president trump is acting as if governor desantis is his biggest rival, and the new nickname that trump is using on the trail for desantis and the regret he says that he now has. >> and a powerful nor'easter is hitting hundreds of thousands of people with heavy snow and wind as heavy as 60 miles per hour slamming the northeast and you can see it churning there and a lot to get to this hour, and a lot to begin with the latest on the response to the banking fears. >> cnn bus...