- [announcer] do you have an invention idea but don't know what to do next? call invent help today. they can help you get started with your idea. call now 800-710-0020. hello. welcome to our viewers joining us here in the united states and all around the world. you are watching cnn newsroom.

i'm rosemary church. just ahead, we are hours away from u.s. markets opening up for a wild day on wall street. stocks tumbling after another bank lands in trouble. we'll look at how this impacts your money. plus -- >> it's important that great powers be models of transparency and communication. a war of words intensifying amid an actual ground war. this, as u.s. officials say a russian crew has reached the site where a u.s. drone crashed in the black sea after being hit by a russian jet. and we'll take you live to tel aviv, where israel's president is invoking the term civil war. good to have you with us. global markets, as another bank

teeters on the brink of failure. but credit suisse will get a hand from swiss national bank as it plans to borrow $54 billion in hopes of assuring investors. the lender would be the first major bank to be given such a lifeline since the 2008 financial crisis. that feeling the of deja vu sent markets plunging in the nasdaq. the dow and s&p 500 ended the day down significantly. markets across asia are also seeing declines amid fears of instability in the banking sector. but economists are trying to reassure investors. >> look, americans' money is safe. i don't think this is a time for panic or alarm. this is not 2008, where people needed to be worried about whether they could get their money from the atm machine.

it absolutely is not that. anna stewart joins me from london with more. good to see you, anna. swiss central bank will throw credit suisse a lifeline. >> we'll be looking for that. so many developments overnight. before i left the office late last night, the swiss national bank said credit suisse meets all of the liquidity and capital requirements by regulation. but they stood ready to inject more into the bank. we got the news that credit suisse will be taking them on that offer. they will borrow more than $50 billion. they will buy back some of their own debt. that will help them better manage their liabilities.

it was a chopping trade yesterday. the banking sector in europe took a heavy beating, deeply in the red. so much concern here revolves around interest rates and what that's meant for bank balance sheets. this was sparked by what happened with silicon valley bank last week. the issue being that many of the banks hold these very long dated government bonds on their balance sheet. very safe assets. because of interest rates going up, they are worth less and less and less. what does that mean for the banks? and what do investors think the banks will need to do? they need more liquidity. and the weakest links are breaking here. credit suisse coming under huge pressure with the share price down over 30% at one stage. closed down around 24% lower. will this be enough? that's the question we want to know. we'll be looking at the european market, looking at asia, trade is choppy there. all of the indices are off.

wall street paired some of the losses we saw yesterday when they closed. looking at the futures, they may open higher. currently, that's the expectation for europe. there's one key event we need to be mindful of. there's talk about interest rates and the banking sector. i'm not sure it's good timing. but ecb decides on its next interest rate decision today in the next few hours. given what has happened, will this mean it pairs back on the expectation for half a percentage point rate rise? it could well. it provides the ecb with a big opportunity to speak about this panic in the markets with the banking sector. perhaps that will go some distance to restoring confidence. >> anna stewart joining us there. many thanks. the banking meltdown over the past few days has left people wondering how to keep their money safe.

here's some advice from one financial expert. >> the safest place is in a credit union or a bank that has fdic insurance or treasury bills or notes. if you really are looking for safe, safe money, you want to make sure that whatever you're invested in is backed by something else that has never failed. you have the fdic for banks. treasury bills. treasury notes. treasury bonds, backed by the authority of the united states government. you can have treasury money markets and things like that. you want to know that whatever you're invested in is really insured or backed by something that has nothing to do with speculation. u.s. sources say senior

officials in the russian defense ministry gave the order for its fighter jets to harass a u.s. drone over the black sea near ukraine. two officials say the russians have reached the site where the drone crashed. but joint chiefs chairman, general mark milley reports it probably broke up when it went down in international waters. and u.s. officials claim the drone-sensitive software was erased remotely before it crashed. russia denise es that one of th fighter jets flipped the drone before it went down. there is footage that may be released to the public. lloyd austin spoke by phone on wednesday by his russian counterpart. austin says american aircraft will continue to fly wherever international law allows. >> this episode is part of a pot

earn of aggressive, risky and unsafe actions by russian pilots in international air space. it's incumbent upon russia to operate its military aircraft in a safe and professional manner. we're following developments. we go live to london. good morning, salama. senior russian officials ordered the harassment of the u.s. drone. what are you learning about this? >> right now, i think all eyes on the black sea, a there's a mad dash for the remnants, if there's any remnants of the drone. russian officials said they will try to recover it from the black sea. the united states said it's unlikely it will be able to reach whatever is left of that drone. i know you have a map up. i want to explain why this is so complex. according to u.s. officials, this crashed 70 miles south of

crimea. crimea is occupied by russian forces. and that drone fell one mile into the black sea. that makes it difficult for the recovery efforts. that's come bpounded by the pice on the ground. the black sea is where the russian navy ships are stationed. russia uses the black sea to launch operations and launch attacks in ukraine. the united states has no presence in the black sea. it has to rely on allies if it could reach that area at all. why is this important? it's a concern for the intelligence that might be on that drone. russia said it will try to obtain that drone to find out what it can from the remnants. the united states says that's going to be impossible for the kremlin. they say the united states says it's already erased the sensitive information on that drone remotely. and that any remnants obtained will not be a security threat to

the united states. and then, you have, of course, also, the diplomatic spat going on here. a flurry of diplomatic activity with the secretary of defense, lloyd austin meeting his counterpart in russia. and that meeting, of course, again, russia emphasizing that it simply doesn't buy the u.s. narrative. it's denying there's any direct confrontation at all between the u.s. and russia. the kremlin describing u.s. relations as being the lowest point. describing the actions as deplorable. both sides saying they don't want to escalate this any further. really watch for what happens to the remnants if they are recovered at all, rosemary. >> indeed. salma joining us from london. a new drone has appeared in the skies over ukraine. it's made in china. it was never meant to be used for military purposes. still, both russia and ukraine claim the other side is using them on the battlefield.

more now from cnn's ivan watson in this exclusive report. >> reporter: ukrainian military footage of a drone strike on a russian rocket launcher. the bloody war between russia and ukraine is being fought on the ground and in the sky, using drones and unmanned aerial vehicles or uavs, some that were never intended for military use. this is one of the weapons in this war, a drone that could fly far behind the front lines, carrying a powerful bomb rigged to hurl deadly pieces of shrapnel like this. ukraine's territorial defense gave cnn a look at what's left of a weaponized uav, originally manufactured in china. ukraine state security service says an agent reported the launch of the drone from

russian-occupied territory and troops shot it down at 2:00 a.m. on saturday. this is remarkable. the officer is explaining his men shot this drone down using rifles. rifles. >> yes. >> reporter: the drone was flying low. >> yeah. >> reporter: the drone was flying low and visible to the naked eye, he tells me. this is where the bomb landed, the explosive device on the drone. trooped rigged the unexploded 20 kilogram bomb with explosives and then sprinted for cover. officers identified the drone as a mugan 5. the company is faced in china. designing uav airframes for activities like forest fire prevention and agriculture. mugan drones have been available for sale on chinese marketplaces

like alli baba and retail aroun $15,000. prompting some tech bloggers to give it the nickname the ali baba drone. mugan says the company ceased to get orders from russia and ukraine since the start of the war. but in january, russian forces displayed these images of a mugan 5. chris lincoln jones calls these militarized uavs dumb bombs. >> this drone we're looking at would be more effective if it had a decent camera in it. >> reporter: the former british army officer who specialized in drone warfare says he expected more from a military superpower like russia. >> this seems to be a crude, unsophisticated, not

technologically advanced way of conducting operations. >> reporter: ivan watson, cnn, eastern ukraine. an attorney for stormy daniels says the adult film star met with new york prosecutors via zoom on wednesday. she is offering to make herself available as a witness in their investigation of an alleged hush money payment from donald trump, days before the 2016 election. meanwhile, the former trump attorney, michael cohen, wrapped up his second day of testimony before a grand jury looking into the case. prosecutors say they are nearing a decision on whether to indict the former president. >> the position is that, at the end of the day, donald trump needs to be held accountable for his dirty deeds, if that's the way the facts play out. plain and simple. this is not about him. this is about holding accountability, truth to power, and everything in between. >> that's not the only legal

trouble trump is facing. we've learned there's another audio recording of him pressuring a georgia official to help overturn the state's presidential election results in 2020. >> reporter: cnn has confirmed the existence of a third phone call donald trump made to top officials in the state of georgia after the 2020 election, trying to put pressure on them to gum up the results. what is happening here is we know already about two phone calls that trump made. we've heard some of the audio from them where he was encouraging the secretary of state's office to find votes after the election to help him. the third recording was to the georgia house speaker, a man named david ralston. after the phone call took place, it was recorded. ralston said trump would like a special session on the georgia assembly. he was clear about that and

clear about it yesterday. this was december in 2020. i shared with him that based on my understanding of georgia law, it was going to be very much an uphill battle. ralston was pushing back in this georgia grand jury investigation looking at possibility criminality that may have taken place in that state. this came into evidence there. there were five jurors this week that confirmed the existence of this phone call recording they were able to hear to the atlanta journal-c journal-constitution. that's in use reports. ralston has been deceased since november of last year. he was not -- would not be able to testify about this going forward. but that phone call, the evidence of it, the recording of it, still exists and it was memorable enough for those jurors to remark upon it. we haven't heard it yet. we don't know exactly what trump said and exactly what ralston said back to him. but it clearly is another piece in this puzzle of what happened in that state in 2020.

finland's president is kicking off a visit to turkey with high hopes for his country's nation membership. still to come, what's giving him the reason for optimism ahead of talks with his turkish counterpart. plus -- [ honking ] the opponents of proposed reform in israel is sending a message to benjamin netanyahu. later in the show, my frame. students are taking action to raise awareness of modern-day slavery. >> small actions go a long way. let's stay united against human traff trafficking. >> let's take action together. >> let's end modern-day slavery. i remember setting up shipstation. one or t two clicks and everything was up and running. i was printing out labels and d saving money.

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protesters against israel's proposed judicial reform found a new way to send a message to prime minister benjamin netanyahu. on wednesday, they slowed traffic to a crawl near tel aviv's airport, ahead of his flight to germany. israel has been rattled by weeks of demonstrations against the reforms, which opponents say would undermine the system of checks and balances. now, israel's president is putting a compromise on the table while issuing a warning about the state of the country. >> translator: i'm going to use a phrase that i haven't used before. an expression that is israeli is horrified when hears it. to think that the civil war is a limit not reached.

now in the 75th year of israel, this is within touching distance. >> for more, elliot joins us live from tel aviv. what is the latest on the compromise and warning from israel's president that his country is on the verge of civil war? >> striking words, weren't they? you can see behind me the protests are still ongoing. it's a compromised proposal from the president. his is a ceremonial role. what he's trying to do is to get both sides together to find a compromise. he's putting his cards on the table. he's imploring the government and commission to come to a solution. we heard that benjamin net netanyahu, that compromise seems some way off. >> translator: unfortunately, if things presented by the president were not agreed upon by the coalition

representatives, key sections of the outline he presented, only perpetuate the situation and do not bring the required balance to the israeli branches of government. this is the unfortunate truth. >> reporter: the proposals includes preventing the government of the day be able to step up to the supreme court with judges that are allied to it. also trying to ensure there's a supermajority in order to change or introduce new law. emphasizing they there should be protections in place. to nothing to protest like they are today. >> many thanks. finland's president is hoping for some favorable news

about his country's nato application when he begins a visit to turkey on thursday. he said his turkish counterpart has made it clear he wants to meet face-to-face when he makes a decision about finland's application. tu turkeys president noted he may give the go ahead before sweden. finland's president is expected to take a tour of turkey's quake zone ahead of talking with president erdogan. tell us more about what you're learning. >> what's why finland's president is expected to meet with him. this was the epicenter of the earthquake and one of the ares

hardest hit by the quake. this is six weeks on after the quake. this is a country still dealing with the humanitarian crisis left in its wake. this is a region, parts of the southeast, dealing with flooding that's killed at least 14 people. they continue to be calls for international support. this will be an important and timely visit. as you mentioned, the visit will be followed by high-level talks between the finish president and turkey's, in istanbul. where the potential nato membership of finland is expected to be high on the agenda of discussions. this has been a major sticking point for months now, following finland's announcement that it wants to end decades of nonappliance with sweden. turkey has expressed concern over the succession of finland

and sweden to nato. nato requires all existing members to unanimously approve any accession to the alliance. this has been a huge sticking point and continues to be a major priority for the alliance. as it has understood at this stage, turkey's primary concern is with sweden, it accuses the swedish government of being too lack on groups that it considers to be terrorist organizations. they have acknowledged that the primary concern is with sweden and not finland. this may be the time that turkey expresses its decision to allow finland or to approve and ratify finland's decision to join the nato alliance. on wednesday, president erdogan hinted as much, saying turkey was willing to do its part and it would fulfill the promise made by its country.

we had other reports that turkey would announce finland's succession. it would seek a face-to-face meeting between both presidents. and finland has accepted that inif iation. this is going to be discussed tomorrow but questions remain over sweden's potential membership of nato. this is a huge concern for nato, ahead of the nato summit. >> many thanks for that report. coming up next, all eyes are on texas and a major legal dispute involving a widely used abortion pill. we'll look at the judge o overseeing the case. more severe weather for the u.s. dallas and oklahoma are expected to get gusty wind, hail and potentially tornadoes. we'll have details for you when we return.

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saving you up to 60% a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities. a federal judge in texas is promising to issue an opinion as soon as possible following a high-stakes hearing in a medication abortion case. he now has to decide whether to grant an injunction that would suspend or approval of an abortion pill that's been available for more than 20 years. jessica schneider takes a closer look at the judge overseeing this case. >> this point, first and

foremost, president trump for nominating me to this position. i would like to thank him. >> reporter: he was a lead lawyer working for the christian group first liberty when trump nominated him to be a federal judge. by then, he made his conservative views well known, warning to the supreme court, that a ruling of same-sex marriage would lead to tyranny against religious groups that don't approve. and slamming the supreme court for finding a path to same-sex marriage in the 14th amendment. a knowledge concealed in the amendment that it took almost 150 years to find. he pledged he would be independent as a judge. >> i stand in a long line of nominees that have been before this committee and state it is nopt appropriate to state a personal view. i will say, it's binding authority. >> reporter: but court watchers

point out he's handed wins to the right in many cases. he struck down new protections for transgender people late last year. in december, his ruling forced assay lum seekers back to mexico, while their cases proceed in u.s. immigration court. and he struck down a program that allowed minors to receive birth control without consent. >> i don't serve as a legislator. i don't serve as anned a voe cater for counsel. i serve the law as it is written. >> reporter: now, he will decide whether to block the fda's approval of the abortion pill, and action anti-abortion and religious groups are urging him to take. it's a move that could impact millions of women each year. abortion rights group fear his record with influence his ruling. he's passion not about the fact

you can't preach pro-life and do nothing, his sister told "the washington post." we hold the stance you have to do something. you can't not. friends say his beliefs will not be a factor. >> i would characterize him as intellectual. that's one of the first things you get to know, is he's a deep thinker. he will give this case consideration that it comports with the law. >> reporter: he heard arguments for four hours on wednesday, saying he will issue a decision as soon as possible. it did appear he is going to undo the approval of this drug. he could keep the approval in place and block the policies that made it easier to obtain the abortion pill. jessica schneider, cnn, washington. in the u.s., severe weather is expected to hit the dallas

area and extend north over southern oklahoma. damaging winds and large hail and tornadoes are expected to wallop the region. heavy snow is forecast across portions of the plains and the upper midwest, where winter alerts are already in place. minneapolis is expected to pick up four to eight inches of snow. the south korean president is in tokyo for talks with the japanese prime minister just minutes away. we'll have a live report on this summit between his ttorical foe. ♪ zyrteeeec...♪ works hard at hour one and twice as hard when you take it again the next day. so betty can be the... barcode beat conductor. ♪

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north korea has launched another missile and the timing is no coincidence. it fired an intercontinent ballistic missile off the east coast of the korean peninsula just hours before a historic high-stakes summit between the leaders of south korea and japan. the south korean president released a statement warning the north will pay the price for its provocations. those key talks are about to get under way. you're looking at pictures from seoul. you can see the two leaders there. he's hstanding next to the japanese prime minister. you can see them lined up there. the presentation ahead of the small group meeting between the

delegations after decades of disputes and distrust. they are trying to fix trade ties due to rising security threats in the region. a lot to do with north korea, top of that agenda. let's turn to marc stewart. he's covering all of this live for us from tokyo. we'll continue to take the live pictures, too. north korea fired a long-range ballistic missile before south korea's president arrived there in japan for the first summit in ten years. talk to us about that and what the leaders will be discussing in an effort to mend the fences. and north korea, top of agenda, right? >> indeed, rosemary. the missile raunlaunch we saw earlier today, has been met with condemnation. we heard rebuke coming from the

japanese government after that occurred. i can't underscore the significance and the symbolism of seeing south korea's president along with japan's prime minister standing together here in tokyo. this is a relationship that's seen a lot of strain over decades. dating back to the 1900s. the issues go back to wartime, when japan occupied korea and forced people to work. an agreement was made to move forward. these were moments that created a lot of emotional despair between these two nations and got in the way of politics and economics. now, a world stage where both nations have to confront north

korea and china, as well as economic hurdles. that's why this meeting is so important. >> yeah. how long will this -- we have to leave it there. marc stewart, joining us live from tokyo. many thanks. still to come, my freedom day. we'll check in with students around the world as they look to raise awareness of modern day slavery and human trafficking. back with that in a moment. ® smooths the look of fine lines in 1-weekek, deep wrinkles in 4.. so you c can kiss wrinkles goodbye! neutrogena® (sniffs) ewew. gotta get rid of this. ♪ tell me why ♪ because it stinks. ♪ tell me why ♪ no, you ll me why i can't get rid of this odor? ♪ have you tried new do♪ it dsn't just cover up odors, it helpsemove them 3x better than detergent alone. ♪ yeah ♪ guess the odor went bye bye. no, that's not us. sorry.

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people worldwide for a student-led day of action against human trafficking and modern-day slavery. one student in ecuador sent us her take on trafficking. >> every year, thousands of men, women and children, are recruited by traffickers using decease, violence or corruption. every country in the world is affected by trafficking. human trafficking is a type of organized crime and a serious violation of human rights. >> cnn correspondents are covering this day of action at schools around the globe. we go to the american school of dubai and in lagos. good to see you. let's start with you. how are students marking the day of action? >> i have to say, it's so in the

curriculum. this isn't just one day or an event. it's embedded in what the students are doing. i'm in the library. there's a genocide project. this one has to do with darfur. it's a three-way intersection. you have a written document. there's artwork. and also, a q.r. code. the students became so involved, they were contacting people that were affected. they talked to the darfur women's action group. i want to show you another project. it's the artwork in syria. it's the picture of an eye and eyewitness accounts and how important they are in telling

that story. if you take it in a wider context in the uae, 90% are expats. they come for better economic opportunity and so many are here because they've come with their parents. they came here to live a better life. i have two fantastic students. sabine is from palestine. she has a fantastic story to tell us. how important is freedom to you, knowing family and friends have a different experience? >> freedom is important to me. i come to a country and a school that's given me education where i can look at my culture and different cultures and see it through a different perspective. i'm fueled as a thinker and a changemaker to make change for people that can't. i think it's important to be in this education. >> you from? >> jordan.

>> you have the same experience of what freedom means to you, yeah? >> yeah. for me, freedom means doing what you want as long as it doesn't infringe on other people's freedom. >> the young people have been amazing. they have wowed all of us. thanks for that. stephanie, you're at a high school in lagos. how are students there marking my freedom day of action? >> well, good morning, rosemary. i'll let you hear from the students. we're live in lagos, nigeria. they are pretty pumped and excited. good morning, students. the students have been preparing all month long, rosemary. this is the fourth time, actually, they are working on my

freedom day. last year, they connected with cnn. they say the founder of the school is passionate about freedom and child labor rights. she was involved herself in helping to prosecute a children's home that was abusing children. the foundation of the school is embedded in freedom and the rights of children. i have some students that have been working hard to put together activities. they have a talk show prepared. they have poems, spoken word poetry. tel what does freedom day mean to you? >> freedom to me means not required to do anything against my will. it means being able to express myself without feeling a certain way about it. >> excellent.

i have someone here that's written a powerful poem. you're going to give us a snippet on the poem you have written. >> my family was struggling and we needed an assist. little did i know that saying yes would be the end, or the beginning of a mistake i would not be able to amend. >> thank you so much. these children, rosemary, are passionate about this topic. they've gone to visit the agency against human trafficking here. they've learned a lot and we'll be joining them today. >> thank you. powerful messages from those students. thank you for bringing the stories to us. you can join cnn as we observe my freedom day. tell us what freedom means to you and share your message, using #myfreedomday. thank you for spending part of your day with me. i'm rosemary church. cnn newsroom continues with max

foster and bianca nobilo next.

hello and a warm welcome to our viewers in the united states and around the world. >> and jus