the u.s. invasion of iraq. >> i am thinking about the invasion and occupation 20 years later, thinking about the incredible destruction and vastatn that iraq and iraq society has expressed. the huge gap between wha actually happened and to my mind, particarly women, have been the biggest victims of the invasion. amy: all that and more, coming up. welcome to democracy now!, democracynow.org, the war and peace report. i'm amy goodman. the pentagon has released video of what it says is a russian fighter jet forcing down a u.s. surveillance drone over the black sea on tuesday. the 42-second video shows an su-27 russian fighter jet pouring fuel on an mq-9 reaper drone and making a pair of close passes. after the second fly-by, the video glitches before revealing damage to the drone's preller. the u.s. says a collision caused the drone to crash into international waters south of the russian-annexed ukrainian territory of crimea. on wednesday, u.s. defense secretary lloyd austin said he called his ru

u.s. lenders. shery: a stopover in u.s. soil as beijing protests. this was a picture across wall street, we saw a rebound at a recovery in shares, u.s. futures are unchanged and this is out of the s&p 500 gained ground area it is nice to come back from holidays and know that the world has not ended. we are seeing some, coming back to the markets. a lot of volatility and talk about how the nasdaq 100 and are able market. not a lot of change when it comes to the treasury space. the 10 year yield is down for a little bit more calm for the markets. when it comes to the asian session we are seeing a bit more pressure on oil prices for the $72 a barrel level. we also had pressure in the new york session, still, around a two week high given the rally in recent days. we saw the supply and demand picture not by great demand, that is spooking markets a little bit. look at the nasdaq 100 because i was talking about some comfort returning to the market. the nasdaq 100 saying i will hundred percent gai

the u.s. will continue to provide training and work with our allies and partners to ensure ukranian people have the assistance they need to keep their country safe and we will support ukraine as long as it takes. i would like to provide an update in regard to our recent air strikes in syria and the status of our forces who were wounded in attacks by those groups. . . . . again these precision strikes were taken to protect and defend u.s. personnel. second, the six u.s. personnel wounded in the march 23 attack against a coalition base near hasaka in northeastern syria are all in stable condition. two of the wounded have already returned to duty. one was medically evacuated to receive treatment, and two u.s. service members and a u.s. contractor are receiving medical treatment in iraq. separately, the u.s. service member injured in the attack on march 24 is also in stable condition and continues to receive medical care. as secretary austin made clear in congressional testimony this week we'll ta

the u.s. banking system remains sound following the recent collapse of two banks. she made the comment while testifying before the senate finance committee about the u.s. economic outlook and president biden's 2020 for budget request. you can watch the entire hearing tonight at 8:00 eastern on c-span and also our free mobile video app, c-span now, or online at c-span.org. fridays at 8:00 p.m. etern, c-span brings you "after words," a program where authors are interviewed by journalts gislators, and more on fire latest books. this week, journalist kathleen mclachlan looks at how and w selling blood plasma has turned into a $20 million business in her book "blood money." watch every friday at 8:00 p.m. eastern on c-span. >> up next, pentagon press secretary patrick ryder takes reporters' questions on tuesday's russian jet collision with a u.s. drone over the bck sea. the briefing is about half an hour. >> goodfternoon, everybody. just a f things to pass along here, and then we will get right to

u.s. surveillance drone. the drone similar to the one you see right here. washington saying a russian fighter jet struck the joan, forcing it down into international waters in the black sea. also coming up, vladimir putin saying he is fighting for the existence of the russian state. the russian president today on a choreographed trip to a siberians weapons plant insisted the west is to blame for the war in ukraine. also. the death toll in wally in nearly 200 now from cyclone freddie. recovery efforts hampered by torrential rain and high winds. ♪ i'm brent goff. to our viewers watching on pbs in the united states and to all of you around the world, welcome. we start tonight with news that a russian warplane has collided with a u.s. surveillance drone over the black sea. washington says the incident was caused by what it is describing as a reckless act by two russian fighter jets. u.s. officials say one of the jets struck the propeller of the unmanned reaper drone, one of the types you see r

u.s. allies and partners melodie ha -- we have distinguished witnesses here with amazing careers. there is more information available about their backgrounds. thank you so much for your testimony and i would like to remind you all to please keep your remarks to seven minutes to preserve time for questions and answers. dr. weitz, we will begin with you. >> thank you so much, commissioner, for allowing me to contribute to your deliberations. what i will do is i will discuss the evolution of the russia military exercises, speculate some of the skills learned or at least practice, briefly touch on how this might support greater military industrial cooperation between russia and china, and then the implications, some of the knowledge gaps, things like that, that we would like to learn more about. and then some recommendations for the commission to consider. it's clear that the russian and chinese armed forces have become each other's most important exercise partners. these exercises began over

a u.s. air force veteran from texas was sentenced to two years in prison for his role in the january 6 capitol insurrection. 55-year-old larry brock entered the senate chambers in full combat gear and rifled through senators' desks. in florida, the city of miami beach declared a state of emergency, imposing an overnight curfew sunday after two fatal shootings this weekend and "excessively large and unruly crowds" during spring break. officials are meeting today to consider enforcing the measures again from thursday to next monday. and elsewhere in florida, hundreds of farmworkers and supporters led a five-day, 50-mile march demanding humane working conditions and better protections. workers are calling on food retailers to join the fair food program, an initiative that launched in 2011 to improve conditions for farmworkers and end modern day slavery. the march began outside a labor camp in the agricultural community of pahokee, where hundreds of farmworkers were forced into brutal working an

we have u.s. general saying the u.s. and china might be at war by the year 2025. >> these remarks reflect the alarm from u.s. officials that china is developing capabilities rapidly, both leaders are intent on trying to stabilize the relationship running into more tensions with the u.s.. chinese entities involved. >> possibilities for peace. there are reports xi jinping will meet with the russian president next week and it's reported he wants to speak with zelenskyy as well. how credible is he mere talking about a peace broker? >> these top and a long process of trying to resolve the russian invasion into ukraine, because china stands as a pro-russian neutrality, the credibility in europe and from the perspective of the u.s. as a peacemaker is pretty low. china going to russia and potentially having a call with president zelenskyy will not lead to peace talks in the near term, because china's peace plan on ukraine has never been accepted by the russian or ukrainian side. >> we appreciate your time and insight. thank you.

and by the way, like the u.s., the u.s. don't have the first dollar available, you also -- what will we do? we ball, we ball, we ball. so we have to -- it's for good reason. the reason is to fight against climate change. and we have also today -- as commissioner of the international market, let's be very clear. i was advocating to have an act, an environmental act. like we did for the chip act. to make sure for the clean tech industry we will have all the same rules and obligations, very easy for all the member states. accelerating permitting. accelerating access to financing. making things will be more easy for technology. like we did again for the chips. this is why i'm extremely pleased that i presented the net zero act. which is the framework to make sure that every member state behave the same way for this clean tech industry. second pillar, of course, we need to finance it. so now we have different options. some member states can borrow easily. for example, germany, netherlands, france. they borrow -- germany announce

the u.s. army will establish the u.s. army garrison poland in march 2023. the garrison is one of the enduring improvements to the dod posture based on assessments from the 2021 global posture review and consultations with nato allies and announced by president biden in june of 2022. joining thexisting seven installation management command europe garrison, europe rrison poland will deliver qualityase operations support, frastructure and services to soldiers and civilians to enable u.s. arm africa, europe readiness. the unit will be comprised of team military personnel and 140 civilian personnel. installation management look forward to theontinued strengthening of t bond between our military communi and the host tion communities of poland at the local, regional, and national levels of the alliance. for additional questions, i refer you to the u.s. army. finally, secretary millie and -- secretary austin and general millie -- thishowed the continued commitment tt is indicative of the song unity an

u.s., u.k. and australia unveil a plan for nuclear submarines as they look to blunt china's region the pacific. we are getting news when it comes to next steps in svb assets. apollo is looking at their assets, a 76 billion dollar loan there. we are getting detail that apollo global management expressed interest in snapping up a group of loans held by silicon valley bank after svb was seized by regulators last week. this is one of the giants of the alternative management sphere and they are one of many investors looking to buy pieces of silicon valley bank according to people fully with the matter. that loan was at the end of 2022 but the loan book apollo is interested and cannot be determined at this point. apollo has not commented, but this is part of a broader picture where we are seeing alternatives being sought for the banking division, the vc and we know hsbc became the new owner of the u.k. unit and is planning to inject 2 billion pounds of liquidity into those operations. annabelle:

u.s. core cpi arises the most in five months of topping estimates and putting pressure on the fed as it weighs its next rate decision. >> they're cutting their outlook on the banking sector after the collapse of three lenders. u.s. stocks rally and treasuries stall. >> the new ceo speaks to bloomberg. ronald lam says profit is insight once more for hong kong's flag carrier. >> do you think you have a staffing crisis? >> i don't think so. we're making steady process towards our plan. there's a lot to review and terms of manpower resources but we are building according to our plan. you're not in a crisis mode. shery: take a look at how u.s. futures are coming online. very little in terms of movement , this after we saw the recovery in u.s. stock prices for the first time in four sessions. we are talking about every sector on the s&p 500 being green, tech stocks as well. the nasdaq 100 gaining ground. the expectation and perhaps the idea that we may see less tightening coming from the fed, gi

owned and u.s. headquartered and u.s.ues versus china is sort of how that might be used to influence again, and i mentioned the misinformation about the fundamental aspect of democracy like elections, but i found it really interesting when the ceo said that his kids are not on tiktok. because it is not permitted under the age of 13 in singapore. and i wasn't sure whether he fell into a trap. but by acknowledging that there are other countries around the world that think that this isn't suitable for kids under 13, and then he talked about the user experience for an eight-year-old here in the u.s., and it's very protected. but what he also didn't seem to get is how easy it is to sidestep those age restrictions. so i think there were just a number of these kinds of issues that went unanswered yesterday. nastasya: well, i see the conversation around this issue got particularly heated. i want to play you another excerpt from the hearing yesterday. >> your technology is literally leading to death. mr. chew, yes or no, do you ha

the u.s.itary says a russian fighter that has collided with a u.s. drone. russia's jets tried to intercept the drone according to american officials, but russian officials say there was no physical contact. the u.s. justice department is said to open an investigation into the collapse of silicon valley bank. cyclone freddie which made a second landfall in southern africa has killed more than a hundred people. pakistani opposition leader imran khan speaks to the bbc after his supporters clashed with police as they tried to arrest him in his home. the tiny data center being used to keep this u.k. pool at the perfect temperature. ♪ welcome to world news america in the u.k. on pbs and around the globe. we begin tonight with news that an american surveillance drone has crashed and the black sea after an incident involving two russian fighter jets. the u.s. and russia have given different accounts of what happened. here's the u.s. version given by the pentagon press secretary. >> had 7:03 a.m. centr

u.s. spy drone that crashed over the black sea. u.s. defense minister alston says he has talked with his russian counterpart about the downing of the drone. the incident has raised tensions between the two nations even further. plus, as fighting rages in bakhmut, we look at kyiv's plans to launch a counter this spring. also, our u.s. troubles spreading to europe? shares in switzerland's second-biggest bank, credit suisse, hit a new low today. investors still spooked after the collapse of california's silicon valley bank on friday. ♪ i'm brent goff. to our viewers watching on pbs in the united states, and to all of you around the world, welcome. u.s. defense secretary lloyd austin and his counterpart, sergei surovikin have spoken about the drone that ended up in the black sea. it was in russian airspace when two fighter jets them feel honored, causing it to crash. austin had a choice words for moscow after that incident. >> on tuesday, russian aircraft engaged in dangerous and reckless and

the u.s. this comes after treasury secretary janet yellen tried to reassure congress and the nation that america's banking system is sound. >>> welcome to our viewers here in the united states and around the world. i'm wolf blitzer. you're in "the situation room." >>> this hour, pieces of a downed u.s. drone may now be in the hands of russia. two days after aggressive moves by kremlin warplanes over the black sea, critical moments of that encounter captured on video newly released by the u.s. military. cnn pentagon correspondent oren liebermann is following all this for us. first, what are you learning? >> reporter: russia got to the scene of the crash site hours after the u.s. operators took the drone down. they believe russia collected some of the debris, some of the wreckage from the drone as senior russian officials said they would do to learn more about it. officials downplayed the significance of what was left from the drone, first because it's small pieces of wreckage, and second, becau

u.s. futures drift lower but not before a wall street rally powers the nasdaq 100 to a bull market for the first time in three years. sources tell bloomberg, the fdic may force top u.s. lenders to pick up a share of the $23 billion for recent bank failures. swiss lenders have encouraged ubs to bring back sergio ermotti as ceo to ensure the smooth integration of credit suisse. dip buyers rejoice, it is the second best year in a century for the strategy. it was evident yesterday with bank and tech stocks powering the index higher. what does that mean? we are finally back in a bull market for tech, but can that last? you see some of it turning into weakness this morning. there aren't many more gains to come for the s&p, the index trading around 4000, bank of america's price target for the end of the year. there is too much risk that isn't being priced into american equities yet. asian stocks turning lower by a third of a percent, it was powered higher by alibaba yesterday. some consolidation

let's start with all things u.s. and the implications for the fed of this hot u.s. inflation tilting bets back toward a rate hike next week even the concerns lingering over financial fallout over the collapse of three banks in five days. our cranfield is here. good morning. how much more complicated does this make the fed's decision? mark: i do not think the cpi report in itself has done much to change the fed's view. it is likely they will not go ahead with a 25 basis point move next week. the issue is the narrative from there. what guidance do they give to financial markets, investors, how they see the future? they will want to be as careful as possible in their wording in that respect. they might have real concerns about what is going on in the banking sector 13 banks go down in the space of a few days and colleagues have been looking through all the data carefully to see if they have missed anything else. there will not want to show their hands to the outside world for fear of causing panic in financial markets, but they will definitely be worried. where that ma

the u.s. amican drone was harrassed in the black sea and then bumped by a russian fighter jet, forcing the drone down into the waters below. foreign affairs correspondent nick schifrin has been following all of this. he joins us. good to see you. what more do we's know about how this clision occurred? nick: u.s. officials say this drone left is based in eastern europe which they say was a routine surveillance flight over the black sea. the u.s. sends these drones over the black seat because they can see into russian occupied crimea, and depending where they are, and to pressure themselves. mk-9's are big, 60 feet wide, weigh 5000 pounds. military officials tell me this drone was unarmed. these drones have been harassed intermittently by russia before, but never what we saw today. never has a u.s. -- russian jet harassed a drone for 30 minutes and then dumped fuel on the drone and then actually ran into the drone. let's listen to the spokesman earlier today. >> while intercepts are not that unc

he said u.s. military leaders are calling on the russians to conduct themselves safely as the pentagon continues to investigate what happened. this is about 20 minutes. [captions copyright national cable satellite corp. 2023] >> just a few things at the top and i will get right tyour questions. first of all, i wou like to highlight u.s.-europe statement confirming to russian su27 aircraft conducted unsafe and unprofessional intercept with a u.s. air force intelligent unmanned aircraft that was operating within international air space over the black sea. to recap at proximately central of the russian aircraf struck e propeller of the mq9 forcing forces to have to bring it down. several times before the collision the s.u.27 dumped fuel on and flew in front of the mq9. this demonstrates a lack o compensation. u.s. air fces in europe. africa routinely fly aircraft over sovereign territory and international air space in tkaord nation th applicable hocks naon and international laws to bolster defense an

the u.s. military said on tuesday a russian jet dumped fuel on the unmanned u.s. aircraft which it says was doing routine operations in international air space. >> the russian jet then hit the propeller of the reaper, forcing its remote pilots to bring it down in international waters. the pentagon says the move was part of a russian pattern of aggression, but the kremlin gives a different version of events and declared today that u.s. and russia relations are at their lowest point and in a deplorable state. cnn's oren liebermann is standing by at the pentagon waiting for the press conference to begin. you have new developments to report about a call between the u.s. and russia. >> reporter: an expected call. we are waiting to find out if it happens. this would be between the top russian general and his counterpart. that would be mark milley. they haven't spoken all that often, in fact, according to the readouts the last time they spoke was three months ago in december but they have spoken at c

u.s. yields. the five-year which is the style here is up eight basis points. looking at similar gains, similar moves higher in the u.s. to year yield. getting slowly more the fed will be able to move this week. we did speak with goldman sachs. they reiterated their call to defend equity markets, one point 7% within that. some of the bank and banking shares feeling the pressure. hsbc all4 percent. nothing much as far as commodity prices are concerned. things could have been much worse. this is where we are going into the thick of monday. yvonne: we take a look at how europe wakes up to this, futures still elevated. the fact a lot of these at1 bond holders are working up to the reality of the $17 billion worth of bonds are basically written off which goes against market convention. usually it is the shareholders the take the hit first. does this change the dynamics of the coco bond market and what does it mean for the credit spreads in the europe? rishaad: subordination of these at1 bondhold

either with the u.s. without the u.s.. telling the u.s. not telling. the u.s. >> i do think it is possible for the israelis to take military action that has been a consistent theme in israeli national security discourse regardless of who is at the helm in jerusalem. prime netanyahu now who is back, or really anyone else. i believe these are at least mean it when they say they don't want to islamic republic to have a nuclear weapon. i think the question is what is the trigger for action? something that makes it a much harder answer today in the time of 84% enrichment is the nature of iran's nuclear advances, as well as the conventional deterrent capabilities in terms of, proxies, hezbollah, the missiles and drones they have. what wrist tolerance either others may have for a one-off strike versus the campaign. these are both technical, political, and strategic questions that i think the answers will lie in jerusalem. i think national security solution maker as well, apart from president bush, will not seek a -- success of the mission whether short of lon

the u.s. had agreed beforehand there would be a ban of journalists. >> we did not agree to a ban on journalists. we agreed to have official photographers. we did have one reporter come into the session but a portion open to the press was subsequently not held and therefore there was not an opportunity to cover that. but, again, sometimes these meetings are very small, sometimes there's not the opportunity for media to come in, but again it's something we've noted and continue to work closely with governments to ensure there's press access. thank you. >> just regarding the budget, for the last few years the services have pursued a divest to invest strategy, and congress hasn't necessarily bought into that. this year the air force is looking to retire more than 300 aircraft, double the amount last year. and congress last year didn't give that full amount. is there a sense that things have changed on the hill, that there's a willingness to approve greater divestment, or is this now kind of becomi

u.s. and china right now? there are few places better than the western pacific onboard the aircraft carrier "uss nimitz" to find out. is the u.s. navy ready? >> ready, yes. i'll never admit to being ready enough. >> reporter: today, the commander of the united states pacific fleet talks about the state of the u.s. navy, china's growing fleet, and new long-range missile systems. and what the top gun pilots are seeing in the sky. how aggressive has china become in the air? >> aggressive. >> is it your hope, in the u.s., the force, posture of the u.s. navy, will deter a chinese invasion of taiwan? >> it's not my hope, it's my duty. >> rocco cumiso doesn't suffer fools. but like most italian soccer fans, he does suffer. three years ago, he bought the team in florence, where game day is filled with more agony and ecstasy than a puccini opera. when he bought fiorentina, it ticked two boxes. first, it was a bargain for a european club. second, it met the demand by his wife, that if he insisted on

because of what types of u.s., what u.s. capitol is going to support adaptation, diffusion, whatever you want to call it. you were on the receiving end of talent programs, etc. where gaps in chinese capabilities were often being filled by u.s. capabilities, either through our education systems, through acquisitions like complete genomics back in 2012, 2013, and a lot of other things. china has every right to expand its economy to be a great nation, which it is. the question is, what are we doing to advance the ccp's goals, both in education, which we are talking about, but also in terms of supplying the capabilities, integration enhancements. i would argue what we did to allow while woody into our market early on with its pricing techniques gave them diffusion capabilities. keeping a blind eye to the standard setting approach that china was pursuing. i am going to stop, sorry. what is your response to that? are we enabling china, the ccp's activities, and if we are, what steps should we be taking, if any, to address it? mr.

u.s. fed and treasury are said to be considering an emergency landing program to backstop deposits as officials raced to avoid a wider ankara after seb's haidi: collapse. haidi:traders are stealing themselves as market scrap the -- grapple with shery: new data this week. shery:china signal stability with a surprise reappointing of top officials, including naming a u.s. sanctioned general as its new defense chief. take a look at how u.s. futures are opening right now. we are seeing little upside after we saw the worst week for the s&p 500 since september. the s&p 500 coming very close to wiping out its gains for the year. volatility rattling markets around the world, the vix hit the highest this year. the futures extending those gains up .4%. we are watching the treasury space because a rally, everybody running toward the safety of bonds. the two year yield plummeting at 28 basis points in the new york session. we are watching next week's cpi report as we got a very strong jobs report when

u.s. would be prepared to take steps to attacked depositors if needed. stocks and futures are mixed amid the banking uncertainty. credit suisse and ubs are said to be among lenders facing a probe into whether employees help russian oligarchs invade sanctions. plus, shares of block tumbled after hindenburg research shorts the payments company alleging it facilitated fraud. block calls the report inaccurate saying, it will explore legal action. these markets aren't getting any easier to trade, the confounding this of it is playing out in plain sight in these equity markets, despite the fact we are still worried about banking stress, stocks are able to rally. they are able to rally despite the fact that you can see these regional banking stocks and american banking stocks in general continue to fall, perhaps facilitated by fed rate perhaps facilitated by janet yellen. either way, this divergence is what citigroup points to saying they would not be buying risk right now. they would not be buyi

the russian and u.s. defense ministers speak by telephone after a u.s. surveillance drone crashed in international waters yesterday after an encounter with russian fighter jets. and of course in pakistan, orders the police to halt their operation to arrest the former prime minister in a bid to end clashes outside his home. ♪ >> welcome back. unions here in france have been making a last-minute bid to try and put the brakes on government efforts to reform the pension system and raise the retirement age from 62 to 64. from the northern city of lee to the southern city of marseille, right across the country, people have been taking part in today's strikes and protests. tom: despite what's been two months of resistance, it looks as though the pensions reform bill, which was chan championed by president macron, is on the verge of being pushed through parliament. this update from the disruption that was caused by today's strikes. reporter: from the western city to the southern city of marseille, an eighth day of nationwide mobilization to object to the governm

a u.s. official tells cnn was a case of mistaken identity. two members were found dead and one of the survivors is severely injured with a bullet wound to his leg. according to u.s. and mexican officials. in the party of four, latavia mcgee and eric williams survived. >> and we extend our deepest condolences to the family and loved ones of the deceased. >> reporter: they crossed the border from brownsville into matamoros, mexico on friday for a medical procedure. they drove a white minivan with north carolina plates and got lost while trying to locate the medical clinic where they were headed. before they were able to locate the clinic, disturbing video shows the aftermath of the kidnapping as heavily armed men loaded them into a white truck and transported them into various locations to evade capture. the mexican president says that those responsible will be found and punished. a u.s. official familiar with the investigation told cnn that they believe a mexican cartel kidnapped the group af

so the u.s. took some step to protect its own mq-9 reaper drone, but unclear how that is. the u.s. is summoning the russian ambassador to the u.s. and carrying out at least a 30 hint conversation at the state department. russia giving an entirely different version of events saying that there was no collision, there was no russian jets firing at that u.s. drone. but russia saying that it does not want confrontation. so at least it looks as if the response to this right now will be in the diplomatic lane. the national security council saying that it will repeatedly and continually as it sees fit fly surveillance drones and other assets in international air space as it has the right to do as the russians have the right to do. so the u.s. saying that it will continue to do what it has done and will do which is fly in international air space in the black sea. we'll see how it develops at such a sensitive time. oren lieberman, cnn, pentagon. >>> and salma abdelaziz is here with more. oren saying it is

let's look at the u.s..e talked about the fact that the nasdaq is back in bull market territory with gains of close to 20% since the lows of december. the s&p 500 notching up gains of around 5%. the nasdaq up 14% since december closer to 20% neared the dow industrial average posting losses of 1.3%. that is the picture of how things have shaped up across european and u.s. equities. the resilience in the upside to has come through for technology. francine: let's get back to the markets. with thoughts is nigel bolton the chief investment officer for blackrock. where do you find the best values? i know you are looking for quality companies but not all sectors are created equal. nigel: we see opportunities looking globally, particularly in europe and emerging markets. we do think the u.s. overall is still too expensive. the s&p 500 is 30 times and the long-term average is 24 compared with europe and emerging markets that are both trading underneath their long-term averages. we have seen opportunities out there an

the u.s.king system is safe after regulars take control of two banks. the u.s. leader tries to reassure americans. the u.k., hsbc will by the local are muscle, valley bank for just over a dollar. u.s. government approves a controversial oil project in alaska. activists respond. >> just approved the project with 92% of what conocophillips originally wanted. millions of young people asked him not to do this trip >> is the leader of believers goes to iran, a look at the role of ukraine global alliances. at the oscars, it merely clean sweep of everything all everywhere once -- merely a clean sweep of everything everywhere all at once. welcome. in u.k. and around the globe, we begin the u.s., where president biden has said americans should rest assured the u.s. banking system remains safe after the failure of the silicon valley bank. wall street wobbled today as regulators tried to contain the damage. here is what the president had to seven. -- to say. >> americans can have confidence that theankin

u.s. would be prepared to take more steps to protect depositors if needed. europe is said to open in the red. credit suisse and ubs are said to be among lenders facing a probe on whether employees helped russian oligarchs invade sanctions -- evade sanctions. plus, shares of block tumbled after hindenburg research says the company allegedly facilitated fraud. block calls the report inaccurate, saying it will explore legal action. the lift we are seeing to american equity, not seen the same when it comes to europe did european futures just seconds before the market opens our overall down, down as much as 0.5% for the euro stoxx 50 futures index. we do have individual things that might be moving, for example it has been a bad week for the miners, so that u.k. ftse opening down in that context. it is the overall context of there being more nerves and europe at the end of the day is a higher beta play. if you're concerned about the market, that falls more. france and spain both down by at least

air force drone forcing the u.s. to bring it down. how does the u.s. respond? how does the u.s. view the severity of the incident? john, those are very important questions that the u.s. will have to answer. >> a very important question. was it a cowboy incident, was it a miscalculation, was it deliberate? we appreciate the breaking news and know you'll get the details as they come in. ♪ >>> hello. we'll have much more on our breaking news here in just a moment. a russian jet striking a u.s. drone over international waters in the black sea. first, though, today, a collective sigh of relief after the latest inflation numbers and a market rally have the u.s. stepping back from the brink of economic disaster. inflation has cooled for the eighth straight month with the consumer price index at a level we haven't seen since september of 2021. that doesn't mean the prices are back to normal. any trip to the grocery store makes that very clear. but overall they are trending in the right direction. right now regional banks are rebounding. there you see some of the surging stocks and paire

u.s.the chinese government including china's intelligence collection efforts and influence operations. homeland security hearing is about one hour 45 minutes. ♪ [background noises] the committee on homeland security subcommittee and counterterrorism law enforcement and intelligence will come toom order. good morning the purpose of this hearing is received testimony from expert witnesses and security realm that will educate our efforts to mitigate threats posed by the chinese communist party too the u.s. homeland. i now recognize myself her openingd. statement. good morning. i would like to thank all of our witnesses for testifying today be bringing your expertise to this committee informing members of congress of threats we are currently facing. despite years of attempts by the united states to develop a productive with dishonesty and aggression. the government run the chinese commerce party at manipulated us at every turn committing espionage in her homeland and working to overturn the gl

we have the u.s. backstop for lenders there. if u.s.d that have a follow-on effect? >> the old adage of don't put all of your eggs in one basket comes to mind but there are two banks that have explicitly said that their depositors are fine. we saw a third instance with first republic where banks rejected liquidity doing the same thing. across the world we think regulators and depositors are going to be asking the question -- how much is guaranteed? how much is safe? it is raising a lot of questions and there is the risk in the u.s. particularly that the limit is going to stand for nothing and people are going to expect more than that. shery: when it comes to credit suisse-ubs tieups know it was a heavily government involved deal and was brokered and backstopped by the government. what does that tell you about the risks around that that ubs was relying on so heavily to make this happen with very much a lot of -- a conviction being put in by the government. >> my colleague allison williams has written a fair bit on this with respect to th

the u.s.erests go beyond simply coming to the area, because there's a country that needs help with security, needs help with dealing with some of the issues that kabir mentioned, of displacement of people. right? the u.s. has economic interests and security and military interests in this area, too, that it's seeking by this visit . -- by this visit. >> related to this visit by antony blinken, i think such visit has a double significance in which you know that america, the u.s. is playing a cure all, in terms of defense and the security issues in the country . -- in the country. niger now has an opportunity. because it's the first time that niger receives a very important personality from america and in this particular time. in this way, it is i think an opportunity for niger to discuss more in order to overcome about what is going on, fighting terrorism, fighting the budgetary, kidnapping, etc. etc. sami: let me bring in daniel now. is there an element of competition between world powers going

u.s. to leave the nuclear deal. yes, it is true that iran has broken the barriers imposed on its nuclear program found in that deal, but lest we forget, even prior to that deal, the regime had accumulated anywhere from seven to nine bombs worth of low-enriched uranium on its own territory. so the idea that this is absolutely uncharted water, and that the clock has to be the may 8, 2018 withdrawal represents a fundamental misunderstanding of the iranian nuclear program. i am however glad that dr. kahl said that we are not on the precipice of reentering that deal precisely because iran feels so comfortable with escalation today that it is happy with the pulled punches of the biden administration and it is breaking through newer barriers. it is not the biden administration's fault. it's not the e3's fault. it is not former president trump's fault. the reason we have no nuclear deal today is precisely because of iran. host: the under secretary had said that it was a mistake for the trump admin

. >> u.s. futures coming online slightly higher in the asian session of course after we finish the session mixed. we have the s&p 500 under pressure. those bank stocks, plunging. we got tech benefiting from the notion that we might see less rate hikes. we got the 10 year yield falling to a six week low. it was the two-year yield that we were watching closely, down below the 4% level, remember just days ago, we were above that 5% level, having to do with the idea of really repricing potential fed rate hikes from here. we are seeing crude prices coming online in the asian session under a little bit of pressure. not surprising given we saw the volatility spike to the highest level since the start of the war and invasion of ukraine. this of course as we continue to see the microeconomic challenges really hitting the price of oil. take a look at the bank stocks. we saw the biggest decline, the worst day since the start of the pandemic for the kbw index, the regional index, the biggest intraday fall

a u.s.e panel says credit suisse helps americans evade taxes and the bank committed major violations in its plea deal with the justice department. at cited what may be an ongoing tax concern with almost $100 million in secret offshore accounts. credit suisse says it is cooperating to clear concerns. regulators in singapore describing the outage that hit the digital banking services when state is unacceptable, the monetary authority asking southeast asia's biggest bank to conduct a thorough investigation into the 10-hour outage. the ceo says it will review what happened. it follows a similar incident in november 2021. global news 24 hours a day on air and on bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. i am vonnie quinn. this bloomberg. >> a busy time for geopolitics when it comes to china. several key events happening. the new premier is expected to make a pitch to foreign businesses. we are also expecting to hear from him in his speech.

u.s.itary surveillance drone causing it to crash into the black sea. washington calls this incident reckless. >> approximately seven: oh 3 a.m. central european time one of the russian su-27 aircraft struck the propeller of the mq-9 causing u.s. forces to bring down the mq-9 in international waters. >> stock markets rebound after rmoil caused by the collapse of silicon valley bank >> the nra has got to go. >> president biden expected to sign a newclashes in pakistan bn police and supporters of the opposition leader imran khan as they try to arrest him at his home. kasia: welcome to the program we start in the united states where washington has summoned russia's ambassador after a russian jet fighter collided with an american drone over the black sea. the u.s. military's european command says the russian fighter plane struck. propeller of the unmanned u.s. aircraft, causing it to crash. president biden has been briefed about the incident and this appears to be the worst publicly acknowledge

u.s. invasion of iraq, we will look at a new documentary about the father of julian assange and his fighter for his son. >> i urge the department of justice to drop the charges. >> the maximum jail sentence is 155 years because he published the truth. >> how does it feel to be the father of such a controversial figure? amy: we will speak to julian assange's father and brother. did we look at the cost of the iraq war from civilian casualties to soaring pentagon budgets. all that and more, coming up. welcome to democracy now!, democracynow.org, the war and peace report. i'm amy goodman. wall street's largest banks have moved to prop up the ailing san francisco-based first republic bank after the sudden collapse of regional banks signature and svb last week sparked fears of a financial meltdown. bank of america, citigroup, jpmorgan chase, wells fargo, and -- will each make $5 billion in uninsured deposits into first republic while seven others will deposit a further $10 billion. the federal r