and retired area general twitty from the european command. this, you went to a factory, i think in scranton, p.a the largest military budget, but still struggling to build weapons for both ukraine and the u.s. >> it really does seem to be a tension between the fact that united states now does have a military budget that could be close to approaching $1 trillion a year and still is struggling to produce not just the most sophisticated weapons, but sort of basic ammunition including the 155 millimeter artillery piece which has been a key weapon on this fight in ukraine and other things like javelins and stingers and the research that has been conducted by the center for strategic international studies among others, shows that it could take more than five years for the united states to replenish its supplies of key a arments as it tries to push back and the systemic brittleness as senior leaders call it in the defense industry and it's a product of sort of decades of different decisionmaking that resulted in on itemization for efficiency, rather

general steph twitty, thank you.nd courtney, thank you. >>> sell-offs in two more major banks, stoking fears of a growing financial crisis california-based first republic bank, their stocks plummeted today as investors try to identify what regional banks might be at risk after the swift collapse of silicon valley bank. overseas, credit suisse was forced to borrow billions from the swit national bank just to stay in business the twin shock setting off a turbulent day, as treasury secretary yellen tried to reassure the nation we're not headed -- >> i can reassure the members of the commit year our banking system is sound and americans can feel confident that their deposits will be there when they need them. >> nbc news senior business analyst stephanie ruhle joins us with what you need to know a lot of people here, they immediately think of 2008, those of us old enough to remember it. how concerned should we all be right now? >> okay. things are very different from 2008, but it doesn't mean we're in the clear what jane

joining me right now is retired lieutenant general steph twitty. he's a former deputy commander of united states european command and an nbc news military analyst. is this right out of the russian play book here, hit them and get them in the cold, wear down the ukrainian people, and how concerned are you by these new hypersonic missiles russia reportedly used? >> yes, this is how russia continues to operate. they continue to destroy the critical infrastructure. they continue to try and break down the will of the ukrainian people. the reason the hypersonic weapons, there's a reason why these hypersonic weapons are landing on the critical infrastructure. number one, the russian made hypersonic weapons, they are about nine times the speed of sound, so they normally fly above their regular conventional weapons, so they're subsonic weapons, and as they fly along the trajectory, they have a tendency to maneuver, and so it's hard for air defense systems to stay focused on the weapons as they come into target. so that's why -- >> do we know how much of the

joining us, retired general stef twitty, former commander for u.s. european command.mber of mercenaries fighting now for russia. the leader of the wagner group says they're being deprived of ammo, reports of hand-to-hand combat in bakhmut, russian soldiers using shovels to fight after running out of bullets. "the washington post" says many of the mercenaries are prisoners being sent, and they use the phrase, certain death. what's going on there? >> so, there is a couple things. number one, we've been fighting or the ukrainians and russians have been fighting for bakhmut for about eight months now and the wagner group is the lead organization, mercenaries, that are fighting to seize bakhmut for the russians. they have a combination of two type of forces that are fight. number one, they have the convicts that you just talked about, and number two, they have some really well-trained forces that are seizing from africa and syria. the ones that are the convicts, are the ones leading the fight. they are very ill-trained. they are not well equipped. they're fighting in huge

also joining us, lieutenant general twitty, former deputy commander of united states forces an an nbc news military analyst. mike, what's the latest from the white house over xi's visit to russia >> well, it's interesting, jose. a white house official this morning down playing the significance of the visit saying they'll let the two countries speak to the goals of that meeting themselves but also laying down a bit of a marker, trying to prebut what we might see come from those meetings admiral kirby saying if china follows through on its plans to essentially support a cease fire would not be acceptable to the u.s., to its allies, because that would essentially lock in russia's gains into ukrainian territory. kirby saying it is the position of our allies that any end to this war must be a just end and one that respects ukraine's territorial sovereignty and a cease fire does not accomplish those goals. also kirby reaffirming the need they believe for president xi not just to meet with putin, but to speak with president zelenskyy so he gets his perspective as he considers this role of re

twitty power to the swifty.ans are alleging unlawful conduct, drawing the chaotic rollout of online sales to swift errors. tour fans say ticketmaster violated antitrust laws and asking for at least $2500 each in damages. ticketmaster once a motion to compel arbitration, meaning it will force the prosecution to settle the matter out of court. the final four of the women's basketball tournament is set undefeated south carolina is heading to its third consecutive championship round. they beat maryland 86 to 75. on monday. south carolina's next opponent is iowa and virginia tech, defeated ohio state 84 to 74. they will next face else. you both semifinal games will be played friday. the winners will decide the national championship on sunday. and thanks so much for your company. i'm rosemary church. have yourself a wonderful day. cnn newsroom continues with max foster nbn kinabalu next. you could manufacture a whole new way of manufacturing. disrupt buying habits before they disrsrupt yor business. and fuel the searc