>> a good sunday afternoon t you, i'm richard lui in fo yasmin vossoughian today

working, news 4's, of just a former trump fixer michael cohen telling msnbc exclusivel just minutes ago that he is no done with the grand jury in th manhattan da's case. he'll be back as a rebutta witness indicating that trum team may have called their own witnesses. we'll have the latest on tha just coming up it comes in the wake of donald trump's prediction he'll b arrested tuesday which is now sparked a defined message on the manhattan d pursuing the case. and an ugly response from th former president as well this, as kevin mccarth threatens to use the force o the republican house majorit against da alvin bragg, th reaction from both sides has been coming fast and furious >> it's not clear to me what committee speaker may be referring to perhaps the so-calle weaponization committee whic is really more appropriately named the committee to protect insurrectionists >> just feels like a politically-charged prosecutio

here and, for my part, just fee like it's just not what th american people want to see. >> one of the worst use of the justice system we've overseen. this kind of to tear prosecution. this gotcha mentality with the criminal justice system is fla out wrong. >> it's also very typical of the former president he attacks the person who is leading this investigation i new york rather than addressing the underlying conduct issue here. >> defiance, vladimir puti visiting the occupied ukrainia city of mariupol as he prepare for a meeting that no doubt ha the white house nervous. we're also pulling mitch developments in the bankin crisis, a big new deal to save one of the faltering institutions just ahead of the opening of the markets we'll have the latest on that. all that plus a distressin sign of the times. classrooms in alabama will get bulletproof safe rooms could they be coming to your

child's classroom is next? we'll look at that ahead for you to we're gonna start with an msnb explosive, michael cohen sayin he will appear as a rebuttal witness before the grand jur in a new york tomorrow >> i did receive a whole sle of phone calls from journalists, asking me if i'm going to be back to the da's offic tomorrow as a rebuttal witness to whoever it is that they're bringing their tomorrow whethe it's before the grand jury o it's just to meet with him for an interview i'm not sure yes, i was asked to make mysel available and to be at the da' office tomorrow as a rebutta witness. >> that as trump claims he expects to be arrested as soon as tuesday we learned that yesterday. and that hadn't da alvin bragg since saying his office will

not be intimidated by such statements i wanna bring in embassies gar grumbach near mar-a-lago also joining, us nbc reporte jonathan allen gary, first to you we're just getting the thin. of course, that means that thi is new reporting but what do you know and wha might be the reaction to wha we heard from michael cohen? >> i think it in the case a fe things for, us in the case of michael cohen things can be rebuttal witness tomorrow, th investigation is far from over here i think initial wisdom thi weekend has seen that it's wrapped up, it's all about dow here that's not the case. there's gonna be a rebutta witness to another witness tha the trump team apparently will be bringing tomorrow down into lower manhattan. that's the alvin bragg's sid of things. as it comes to reaction to wha donald trump said on truth social yesterday morning, it's been all over the republican party. from house speaker mccarthy on it down. mccarthy is perhaps the most

interesting person because o what he said where he's going to have at th house committees that ar relevant to this investigate the investigation of alvin bragg. what he's doing there with the hush money payments. that's interesting we're also hearing fro marjorie taylor greene we're hearing all across the board. even from former vice presiden mike pence no friend of donald trump's currently saying linin up really behind donald trump. i do want to talk about th response to the response from the da. he went on a statement las night to his entire staff. basically saying we back you up you said in part we do not tolerate attempts to intimidat our office or threaten the rule of law in new york he says any credible threa against the office illegally investigated and the proper safeguards ar in place all 1600 of us have a secure work environment here in palm beach, in terms o reaction here, i spent the morning out on this bridge behind me were about a dozen o

so protesters -- pro trump protesters wer waving flags, honking thei horns, playing music that -- if you go to a trump rally ymca and other things. they are fully behind th former president i think he did no wrong and as i've seen, when i'm talk t folks at trump rallies for the past two years they think he can do no wron and wanted no wrong. they want him to run again i 2024 richard. >> gary grumbach, thank you fo the reporting, a lot happening on the sunday afternoon. jonathan, let some of the reac to what michael cohen wa telling alex with exclusivel that which is fine economist nbc. indeed, we'll be back as a rebuttal witness and the reporting also from gary grumbach let's start with that. what might be this rebuttal an what might be michael cohen in terms of his importance of the testimony in this rebuttal tha the trump team might be doing? >> love to be holding it insid the grand jury room. and listen to the testimony yo

know exactly what it is. obviously, there is a very strong difference of opinion here between michael cohen who is already been convicted, related to this allege activity by donald trump the trump team which says he broke no laws and did nothin wrong. obviously, the trump team pu forward including potentiall president trump would be likel rebutted by michael cohen wh has his set of facts from hi memory and whatever other receipts he might have to contradict whatever the trump team puts forward. as to the specifics of that, michael cohen revealed that it may not even know what's gonna be asked >> clearly as the timeline shows. he's the clincher in terms o the number of testimonials tha were given this probably is going after him to discredit him might that be the possibilit here at the trump team is no trying to do the rebuttal?

>> absolutely. the trump team would want to discredit michael cohen. he's talked about this inciden in the past. his testimony obviousl suggests that donald trump was heavily involved in paying a hush payment to stormy daniels to keep her quiet as part of trying to win the 2016 electio which is all but this is all about. olive that said, the trump tea really simply has to kee donald trump from first da where prevented from being indicted but secondarily and more important to prevent hi from being convicted which means they really have to make sure that there is some doub in the mind of at least on juror eventually if there is an indictment an the prosecution. >> from famously known for liking the rebuttal as long as he can go. he will rebut in court and outside of court jonathan, thank you so much on this new piece of informatio that we just got here at msnbc let's now go to msnbc lega

analyst former brookly prosecutor, charles coleman. all your, as my friend where do you want to start >> richard, there's so much to unpack here. the first thing that i would say is that while i do understand that michael cohe can talk about the fact that he's going before the gran jury, it's a secret for reason as a former prosecutor, cannot just which he would b quiet and stop talking about when he's going forward and fo the grand jury that being said i do think tha jonathan is right. i think that this does serve a a sign or knit occasion that somehow the defense has pu forward a witness that basically alvin bragg feel necessary to rebut generally speaking, you don' necessarily put before - you don't put a rebuttal witness on the stand if there' nothing to rebut we do know on having a stron indication that if michael cohen is in fact going for the grand jury for a second time before i think it's the fourth time at this point it will be because somehow the defenses put forward and

witness -- make sure all eyes are dotte all trees are crossed. the other thing is tells us is that the posted and trump pu on through social shooting between assault. a least with respect to th timing we do not know that donald trump's spirits on tuesday as of right now, it appears as though alvin price presentatio of the grand jury's and even yet complete >> terrell down on that will b more, charles. on the timing. it sounds like we are right ho in the middle of this as opposed to the summation, th benediction and then movin into next indictment >> i think it's safe to sa that we're certainly on th back end i think we will have after the rebuttal is a presentation o charges to the grand jury an in the grand jury will make it decision about whether t return - while i don't anticipate tha being a huge hurdle. it is important for viewers to understand that if alvin bragg has not completed hi presentation yet that means the grand jury ha not yet voted. if the gradually has not yet voted, and that means that alvin bright does not get ou

indictment that is a critical step that o people are assuming is a foregone conclusion that w cannot assume the grandeur h is the one who makes the position about having in a diamond. people have skipped over tha fact and put it all on alvin bragg. of course, it is in most cases easier for 88 to get a day i on a ham sandwich as they sa but it is not necessaril something that should be skipped over in terms of understanding the overal process. >> how many were witnesses and whatever witnesses do you thin of the trump attorneys are now bringing back an rebuttals rin this process to get to this ha sandwich >> i think some of it is going to depend on where the defense put forward. we didn't even know before today, before michael cohe actually spoke up about hi going back in front of the grand jury we had no idea that the defens had put forward witnesses at all. again, i'll go back to the notion that the grand jury i intended to be a secre proceeding that's why we didn't know it a lot of it is going to depend on where the defense put forward. that being said, i don't anticipate that they'll be a whole roster of witnesses.

you have michael cohen, workin up about him speaking up, we don't know whether stormy daniels will be called his rebuttal witness. i doubt that to be the case. we are still on the back end o things i anticipate from a time perspective that it woul likely be before the grand jur if not tomorrow somehow tuesda or wednesday to say that for don trum dissimilar sat on tuesday, that's nothing but a predictio and it's not based on fact >> this means he said somethin quite important, no doubt. and that is very essential t the argument for the prosecution. therefore, damaging to the defense. >> yes, i would think so there is no question tha michael cohen is a critica witness for the prosecution in this case. it is why he moved prosecutors as many times -- y since when he was as long as it wasn't for the grand jury if i am a defense attorney, he is the number one target that am going after in the court of law. of course, when donald trump i the court of a public opinion. michael cohen's number one o the hit list but there's als

alvin bragg and others who h will continue to try to attack in order to try to control the public narrative >> perfect time to have you. charles coleman with us righ now on sunday. appreciate the time. the reporting coming fro michael cohen himself. nbc news not able to independently confirm whethe or not he actually will be going back again that's what we're hearing only from michael cohen himself thank you so much, my friend new today, north korea has launched a short range ballistic missile for the thir day in a row according to both japan an south korea. but the united states and sout korea did not let this lates provocative actions stop previously scheduled joint military drills there. south korea fischel saying quote, the primary goal of thi exercise is sort of spla ironclad combined defens posture as well as to show the extent of deterrence and action this is not the only news from overseas we're tracking for yo right now. in a matter of hours, russia president vladimir putin is se to host chinese president xi jinping who is traveling t moscow but not before puti made his first visit int occupied ukraine, visiting the

city of mariupol and even going over plans fo bill the city he's responsible for nearly decimating. let's go to nbc's matt bradley in kyiv. i guess if there will be a headline, it's on the move on the move. both leaders, positioning, traveling physically as well what do all of these moves tel us >> i mean, that's all we can richard's been an investment now we're seeing what look like from vladimir putin sid of things kind of like a victory lap. just today, hs overnight, ther was no actual time given all the footage from this visi was at night a little glamour putin was i mariupol and according to th kremlin, he was driving himsel around this look like a victory lap this looks like almost a victorious way of expressing a visit from the king to conquer territory. this was the first visit tha we know of that the russian president mad it two regions of ukraine that

have been occupied by russia most recently. in mariupol, it just a day before that, yesterday we saw him in crimea that was a ukrainian peninsula that was occupied by russi under vladimir putin's direction all the way back i 2014 this looks and it's hard t know exactly what it looks lik kind of as i mentioned som sort of victorious or defian act. it comes only a couple of days after the internationa criminal court charge vladimir putin to, russian president, with war crimes. specifically with trying t deport, basically kidnap ukrainian children and bring them across the border int russia there is another visit as you just mentioned, tha really is going to be making headlines this week. that is the visit of chinese premier shooting paying who' going to be in moscow. this is she jinping's firs visit to moscow ever since thi war started between ukraine an russia more than a year ago. that's something that we're al going to be watching the fact is that china, xi

jinping, veteran putin's mos important friend vladimir putin has bee isolated, this icc charges tha would isolate him even further russia needs china more than china needs russia this visit, everybody's gonn be watching because they wan to see exactly what kind o friends vladimir putin and x jinping are going to b assessed for not goes into its second year, richard >> also could, be as you kno when it comes to victory lap sometimes when there is troubl at home or trouble on th statues, who do travel the leaders get out there to try to show strength when ther is actually weakness matt bradley, looking for th conversations you cover this for us thank you so much. still ahead, how forme president trump supporters o capitol hill or reacting to hi claim that he will be arrested in just 48 hours plus, the new technology costing 60 k per classroom look closely at this it's been to protect kid during a school shooting and who's gonna foot that bill

next, the person who said mayb committee member elizabeth warren says should be out of a job over their handling of regulations following th collapse of silicon valley bank

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major development, a banking crisis that is now gone global some breaking news for you today. first, at the financial time reporting that swiss make ub has agreed to by its rival credit suisse, for two billion

dollars. this agreement being reached after ubs upped its initia offer one billion dollars at 2 cents a share. this is just again two billion dollars for a bank this coming often tumultuous stretch for credited suite marked by numerous controversies and pro fourth quarter of 2022. which saw losses of nearly 40% of its deposits and that was made worse by the recent collapse of silicon valley ban and signature bank we'll be watching the dow jone feature is very carefully as they are set to open thi evening which will be hingin on the acquisition the dow coming off a week in which it slid nearly 400 point and of course will also be watching the markets in europe and asia as they're about to open in the next 6 to 7 hours. we're expecting a pres conference with the swis government that also were just gettin heard msnbc. regarding this move. that's happening any minut right now. it want to keep an eye on that video. if anything interesting come

up, we'll get to it right here for, selflessness nbc' christian morganston to talk about more of this ubs, got a bailout credi suisse what does that tell us >> the deal numbers are amazing, richard. two billion but it was an eigh billion dollar bank. five minutes ago what we're talking about a rea haircut to value it is just such a fast-movin story and it just tells yo what happens when interest rates go up a lot of these banks were not prepared fo that they didn't know how to manage their risk and that is wha we're seeing here. >> they planned on a free mone for a long time. >> they have known free mone for such a long time and s they're saying i want more o it and i wanted forever. yes, we have a real proble with bank miniature is not understanding how to manag their books when rates go up that was particularly the case with silicon valley bank both on its investments that i

made and on the loans that made >> the difference here is if there is a difference just o paper is for talking about the failure of two mid size bank this is a first big bank, an international bank in a bi brand credit suisse has no needing bailout. what was said earlier by garrett cohen who is a nationa economic - member of the national economi council as the director. he saying today on the sundays there is a lot more mid size you better look out. there are some weakness here o the neighborhood and community banks that all of us use a everyday citizens. >> absolutely. we in the last crisis 2008 wer certain to get the big banks under control. that was a major focus o regulator such that crisis and they really have achieve that when we didn't do was th smaller, regional banks. we did not include them in thi regulatory framework

they were excluded from it under donald trump's administration the smaller banks have bee allowed to kind of have little relaxed regulator environment. that means that some of them are in danger. >> the fix, okay, what is that -- was talking with representativ richie here from new york city he threw from the financia services committee he's thinking about to raise the insurance level to go abov two and a 50,000 - does not even a person, by the way. that gives more confidence i the banks that everyday people use. what are some of the quick fixes -- that's either a question what are some of the fixes her for folks like us? >> i think that you do have to regulate these larger regional banks. now the tiny tiny banks but th banks of size. you have to include them the svb's in a more strict regulatory framework please, lots of regulators tha actually go in and when they spot difficulties and problems

actually do something about it before it is failure time. that is a real problem here. >> they're talking about cla backs as well right now. for some of those executives >> the 250,000 dollar limit, yes, probably should be raised there were a lot of smal businesses richer that were at peril for not being able t make payroll because of thes rules. yes, that's probably a chang that will occur. there is plenty more to come o this as warren buffett says, you only see who swimming nake when the tide goes out and the tide is going out. >> the tide is going on monday to, gretchen. for all of us, watch wha happens on monday. by the way, the world market in the future is in asia now it's just about even we're not seeing a lot o negativity or downside at th moment gretchen morgenson, thank yo so much, we'll can into watc for that news conference fro switzerland as i was mentionin a little bit earlier we'll update you if we hea anything that is of relevance. coming up for you, the transformation of a nation 2 years after the war in ira

began. plus >> i could stand in the middle of fifth avenue and shoo somebody and i wouldn't lose any voters, okay it's incredible. >> you remember that from 2016 now looking towards a possible arrest could he still keep all hi voters if trump were actuall convicted of a crime we're talking to potential political fallout on this. breaking news, his former fixe michael cohen exclusivel telling us msnbc that he wil be back before the manhattan grand jury tomorrow. we're gonna dig deeper to that next ♪ get directv with a two year price guarantee. ♪♪ allergies don't have to be scary. (screaming) defeat allergy headaches fast with new flonase headache and allergy relief! two pills relieve allergy headache pain? and the congestion that causes it! flonase headache and allergy relief.

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bringing their tomorrow, weather before the grand jur or just to meet with them fo an interview again, i'm not sure. but, yes, i was asked to mak myself available and to be out of the da's office tomorrow, a a rebuttal witness >> michae cohen there in just a shor time ago an msnbc revealing he will be back before the gran jury as a rebuttal witness, as he has said. now the new york times reporting why he may need to b called back, citing people familiar with the case the times says the trump team ma be calling robert j costello a well to go after cohen's credibility during the rebuttal to talk more, let's bring in two of the new york times best peter baker, chief white house correspondent for the times, and msnbc political analys charles savage, washington correspondent for th washington times and msnbc contributor. peter, let's start with you on this reporting very interesting we are hearin

right now that, first of all michael cohen saying i'm going back tomorrow, but from th times and your reporting robert costello. why might robert costello be interesting as a rebutta business, right alongsid michael cohen? >> that's a great question i'm not sure i know the answer to it off the top of my head, might -- charlie might know better than i do this granary process, charli might know this better than do, is generally not a adversarial process in which you bring witnesses from bot sides of an issue, it' controlled by the prosecutor the prosecutor can troll who are she wants to put their they did invite donald trump t make an appearance before th grand jury he declined. there isn't a -- they want to bolster michael cohen's credibility. he has already been convicte of crimes by having time i prison, admitted lying t congress he in fact has been said to be

denigrated by alvin bragg, the prosecutor himself a book written by one of alvin bragg's disenchanted forme lieutenants who said he did no believe mike cohen was a particularly great witness i think they need to build u his credibility for their story, the grand jury, to make sure that they can secure a indictment, if that's wher they are going to go >> charlie, over to you on this the case - michael cohen saying i'm going back your reaction to that, an of course reporting on costello. >> right under new york law, the person who might be soon indicted has the right to ask that a witnes to be presented from the grand jury that might make the grandeur change its mind befor it makes a final decision. so the trump camp has evidentl chosen robert costello as that person robert costello is a crucial - 2018 when the case against michael cohen was building

leading up to the eventual indictment and guilty plea was a bridge between the trump world and michael cohen. he was a legal adviser to cohe but not actually retained by him. he was trying to keep them i the fold of being loyal to the president, et cetera as michael cohen started t flirt with actually cooperatin with the prosecution instead gradually became disenchante with michael cohen and they ha a falling out. the trump camp evidently wants costello to go to the gran jury and attack the credibilit of michael cohen he is just a liar, he is makin stuff up it is up to the grand jury about whether they want to hea from mr. costello. they could choose not to if they choose to and he say some things about michael cohen, that is a win for th prosecution, they would avai themselves of the opportunit to have him come back an address whatever concern costello may have made we have a series of gifts here

all this could happen or nothing could happen depending on what the grand jury wants t do >> charlie, on this, again, th new york times reporting o this, nbc news also reportin on this, castella will be part of that grand jury testimony tomorrow how well did those two kno each other, michael cohen an mr. costello i understand from your reporting that there was eve the discussion o attorney-client privilege an that being waved by michae cohen. they got that close or the were working that closel together >> he was giving him legal advice and there is a long series of text messages, email communications going back an forth between the two of the in 2018. not i bought some of m colleagues got ahold of thos communications really excellent story about their deterioratin relationship for those who are interested i this development they were interacting a lot at

the time as it became clear michael cohen was separating from th trump camp and was going t cooperate with prosecutors they had a falling out they seized interacting very much at that point cohen waved attorney clien privilege just over the advice he'd received along the way. >> that swirling here in new york and it is swirling in d.c. the speaker of the house, th republican speaker, kevi mccarthy, peter, as we watched over the last couple of days the speaker saying, well, we will go after you as a house o congress what do you make of that should the democrats respond t that >> kevin mccarthy has done here, he is all in with trump on thi issue. trump trying to produce betray any prosecution being tainte bipartisanship alvin bragg is a democrat. kevin kathy's going along with that idea. he has not seen an indictment,

he has not seen anything but the case, he's already presuming it to be wrong and insufficient and political without having any basis to do so other than donald trump i telling him that that's enough for him. he only has a five vote in the -- determined in large part by th hard right, th ultraconservatives aligned wit trump and kevin mccarthy wants to keep his caucus on board. he is playing to the trump win of the party at this point >> peter baker, charlie savage thank you so much on this ne news, breaking news we got a msnbc today from your reportin as well as nbc as well appreciate it. for more now let's go to capitol hill nbc congressional corresponden julie tsirkin joins us now working off of what peter wa saying, going back and forth i congress, what are you seeing? >> we had no shortage of reaction to this all morning particularly when it comes t speaker mccarthy yesterday saying he is directing relevan house committees to look int

this matter. i should note, before you hear all this reaction, both from democrats and republicans, i is notable that one of those chairs, the chair of the house financial services committee patrick mchenry, was asked about this all morning he seemed to deflect in saying it is if he weaponizatio committee, chaired by ji jordan, and that would potentially be taking thes different investigations on. though it is not clear wha power, if any, the house has i a local district attorney' case take a listen to some of tha reaction >> no one is above the law and not even the forme president of the united states >> the valuable question for the american people is whether you have a progressive prosecutor using in the justic system to go after political enemies for a political splash >> i would hope they brought charges, if they have a strong case this is, as you said, it's unprecedented. there are risks involved here. again, nobody in our nation'

or should be above the law >> could some of those risks senator kelly, the democra from arizona, was alluding t be the fact that, according to the trump team, they believe this could potentially help th former president politically i 2024 maybe. that's exactly what senato graham had to say yesterday. he said, of course, a very close ally of the former president, he said nobod helped elect the forme president as much as the new york district attorney he is currently helping to d so we heard also from marjori taylor greene who potentiall wants to be on the ticket with the former president in 24 saying that fear and anger those are her words, are going to motivate voters to go to th polls. certainly motivate that as wel a week from yesterday in the former presidents first rall in waco, texas >> nbc's julie tsirkin, than you so much. we take a short break. we'll be right back. what's the big deal? what's the big deal?

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justin msnbc we were talking about this earlier in the hour. the possibility of ubs purchasing when it squeeze we cannot confirm this as we'v been watching a pres conference coming out of switzerland. this from the central bank o switzerland. again, what we're hearin according to reporting and fro that press conference. ubs is to buy your watching something live vide coming in right now to buy rival accredited sweepstakes the swiss regulators will play a key part in this deal. what we're seeing here is that the central bank will provid all necessary liquidity to bot parties. both banks as is needed in the process of this purchase i'm gonna quote a little bit o that will get right over to ge more perspective on this with a takeover acquitte squeeze baby, association ha been found, a sucker financial stability and protect the swis

economy. in this exceptional situation. that's what we are hearing right now. okay, let's get more now o what we are seeing right now in terms of that live pres conference what are we seeing, this i exactly what we are talkin about just noem -- moments ago is this gonn provide comfort to the markets >> that was the goal here, richard. calm the markets obviously, late last week, the were runs on banks and so here we have the swiss central bank moving to a provided a quantit which is extremely important and to merge these two bangs s that when traders, investors depositors wake up on monday they can feel confident that w are no longer in a bank run situation where credit suiss is involved. >> for donald reduce, you ar right for breaking news. discretion morgan someon sitting by, following this breaking news. we expected to get this news just moments ago we just did, gretchen.

why right now. it is roughly -- plus six hours, i believe, i the evening. why are they doing it at thi moment >> these things always happe on the weekends, richard because you just don't want to have markets gyrating around when the suspicions are bein made you want to be able to present to invest areas, to depositors this is a done deal. we are back stopping it. we are here to tell you an please be calm that's really the message here these often happen on weekends >> in the u.s., all these mi size banks, many of them com together and said hey, you'v got back us up for two years what does that backup for tw years mean obviously they're thinking about all the customers, as was talking earlier, like yo and me >> what they want is a two-yea guarantee of all depositors an this is highly unusual richard. as you know, in the last financial crisis, there were known depositors who are

guaranteed banks that did fail there are too big to fail bank which don't fail, jpmorgan and credit suites on till now. here, we have a situation wher banks that are not considere too big to fail. they want a guarantee for thei depositors that is what was provided to silicon valley bank and to signature bank's depositors they're saying hey, they gav it to those two. now you can give it to us. >> some folks are gonna say. watching live pictures comin out of bernie switzerland here from of the authorities. swiss authorities. the central bank saying that they are backing up th purchase of credit suisse by evse offering all liquidity an i guess correction, than a sentence, that saying really give you all the money you nee for now. of course, with certai limitations? >> certain limitations i think the numbers 100 billion swis franks of the moment this is a way to say they're signaling that they're behin this

they are going to be monitorin it closely and that they'r standing firm. >> one of the things i was talking about. mid sized banks a second ago if they do get this backing fo two years. remember the big three bailout and one of the requirements fo the government was we're gonna give you this but we're also gonna get into your boards we're also going to get into your executive leadership an be part of getting better. should that also be part of th steel? >> there should always b strings attached when th government steps in to save private institution. yes, we need to have a strings attached we need to have whether it's a claw - compensations. whether it's requirements of the bank should not be allowed to raise their dividends to pa to investors or buy back their stock which is expensive they should use their money to shore up their financial situation. we do need to have the bangs

agree to some sorts of limit or rules of the road otherwise, everybody is gonn say i can do whatever i want fail and all get bailed out. >> we're gonna continue th situation theoretically that we're in right now we need some austerity measure along the way. >> you need to pay the price using the wrong words but we mean the same thing. thank you so much, alway appreciate you, gretchen morgenson. and d.c.'s chief financial reporter i appreciate that. we're gonna some of the cour -- coming into us at this hour. around 2:45 eastern time again the breaking news at this hour ubs to buy credit suisse, th first big bank bailout tha we've seen in this lates tranche. for consent about the story. take a short break and be righ back unction. supply fuel for immune cells and sustain tissue health. ensure with twenty-five vitamins and minerals, and ensure complete with thirty grams of protein. next on behind the series... that performance was legendary.

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matthew gault. let's look at this video and describe what you understand o what i will call this device this technology is what are we seeing >> this is a rapid deploymen safe room in the corner of the classroom. it's got a white board on. it can be used during normal class time then in the case of a severe weather event or an active shooter situation, the company claims they can grab the metal handle, pull it out and conver it into a panic room you will notice the door for the space for the door there o the side, the idea is th children then go into that roo and can shut it. there is no handle or lockin mannequins him on the outside. the kids are able to leave onc the school is safe again >> they are showing a studen even trying it it appears, i can't tell, mayb that's the teacher about ten by ten feet, i guess

able to hold all the student if you had a 35 to 40 studen classroom? >> yes, correct. it would be tight in there but they could all get insid their. yes, the company again claim that a child as young as fou can pull this out and make use of it. >> what is the cost of this? is the plan to implement thi all across alabama and potentially other states tha are interested >> i would say that it's in an early deployment stage at th moment we talked to the founder of -- who manufactures this, he was little cagey on exactly what i costs. these two deployed in alabam elementary schools cost $60,00 apiece he says if they scale up, they can get the cost down. his goal was to get thes deployed into 1 millio american classrooms as quickly as possible. >> there was a larger and smaller one, i can't tell in the pictures just looking at it ver

quickly. >> they are made to order. >> they are made to order. okay, the size you would like. the big question, unfortunately, in our reporting, most often the weapon that is used in these shootings, ar-15s, rifles, can they protect against that? >> the footage that shows it i stopping an ak-47 around if it can in fact stop an ak-4 round, it can stop an ar-1 round. >> what has been the reactio to this? >> the reaction on social medi has been bad from the local community, th people of alabama, the schoo teachers, the administrators and local politicians has been positive people like this people feel that schools are not safe people feel like political solutions are imminent they have the gun culture in this country that will not change the solution is too hard in th schools, make them fortresses, to deploy these kinds of things. >> matthew gault, just looking

at this video, you and i going through the details really is sign of the ugly times thank you for reporting on thi for vice news. appreciate your time today >> thank you so much for havin me on. >> you got it. coming up in the next hour breaking news, former trum fixer michael cohen announcing on msnbc he will be appearin and before the manhattan grand jury monday, tomorrow, where the trump legal team is also calling as a witness i addition to him that is forcin cohen back into court. on everything with just one card. chase freedom unlimited. so, if you're off the racking... ...or crab cracking, you're cashbacking. cashback on flapjacks, baby backs, or tacos at the taco shack. nah, i'm working on my six pack. switch to a king suite- or book a silent retreat. silent retreat? hold up - yeeerp? i can't talk right now, i'm at a silent retreat. cashback on everything you buy with chase freedom unlimited with no annual fee.

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lui in for yasmin vossoughia on this sunday two major breaking stories t tell you about we are followin at the moment. this was government an announcing just moments ago deal to say failing credit suisse bank, a last-minute dea just ahead of the opening of the markets there in europe. plus former trump fixer michae cohen revealing exclusively to msnbc a short time ago as well that he will be back before th grand jury as a rebuttal witness and nbc news now confirming who he will b rebooting, a critic of his named robert castella. a war of words over a potentia trump in