that is one of the goals of the mbi. it's an _ goals of the mbi.you mentioned. improve — do exactly what you mentioned. improve regulations or international safety— improve regulations or international safety standards so that they are in improved _ safety standards so that they are in improved oversight over these operations and to prevent a similar occurrence~ — operations and to prevent a similar occurrence. do operations and to prevent a similar occurrence-— operations and to prevent a similar occurrence. , ., ., ., ., ., occurrence. do you have an idea how lona the occurrence. do you have an idea how long the investigation _ occurrence. do you have an idea how long the investigation was _ occurrence. do you have an idea how long the investigation was it? - occurrence. do you have an idea how long the investigation was it? i - long the investigation was it? i can't give an idea at this time due to several— can't give an idea at this time due to several international investigations going on jointly and some _ investigations going on jointly and

our panel, which is more cooperation or private sector participation involved in ways to help out mbi's. and for whatever it's worth, mike has said, these new roles with her party and technology providers, which is small banks and the mbi's and see if i should be working amongst each other. in this particular complaint sauce and then later we have conversations from people including wally, just said, the treasury department itself is leaning in to encourage this with these mbi's and cfi's, but you know the time what kind of private sector response can you imagine that might be effective really better bolster black financial institutions and ways to set the not disorders arrive to your point to really dwell with her not to be to grow depositors in the deposit base or just to grow their businesses. >> you said earlier stock, since the one thing to go to the small minority on banks have to be more diversified as we think about these institution are great at lending when you get more more deposits in the institutions and again i think they should expand and diversify and personal economy wh

[inaudible] >> the mbi leverages coast guard resources nationwide.ur international partners to collect -- collectively collect evidence. right now, we do have ongoing operations. i mentioned two areas, the onsite of the accident wreckage site. we have an ongoing salvage operation. and we're also currently conducting interviews in the port of st. johns. at this time, that is a priority of the investigation, it is to uncover items from the seaboard. we have already mapped the accident site in the field, so the other factors would be part of the investigation, and i don't get too deep into these circumstances. yes, sir. i listed several international maritime authorities in my opening statement, including the canadian transportation safety board, the uk accident investigation branch. and parties under international protocols, if they have a substantial issue, interest in the investigation, they can request to be part of the coast guard supreme court. and we have accepted that often, citizenship of the fatalities on board would automatically make that in

. >> during the course of the mbi, the board will work to determine the cause of this marine casualtyve associated deaths. the mbi, however, is also responsible for account ability aspects of the incident, and it can make recommendations to the proper authorities to pursue civil or criminal sanctions as necessary. >> the submersible imploded on people on board. >>> in greece, the ruling conservative party is celebrating after winning a resounding victory in sunday's election, securing a second four-year term. with nearly all the votes counted, the prime minister new democracy party got more than 40%. the president, who has led greece out of a severe debt crisis vowed to keep working for the country. >> translator: i now feel a heavier duty to serve the country, with all my strength. i never promise miracles, but i assure you that i will remain faithful to my national duty with a plan, with dedication, and above all, with hard work. >> the opposition pulled worse sunday than they did in the first round last month. thank you so much for your company. i'm rosemary church. i will be back

. >> during the course of the mbi, the board will work to determine the cause of the marine casualtybi it can make recommendations to pursue civil or criminal sanctions as necessary. >> now any kind of subsequent enforcement will have to be done after a separate investigation. and just another important note here is that the marine board of investigation is working with the u.s., the uk, and france. and that of course reflects the nationalities of the five people who were on board of the vessel. so you can see this sort of multinational effort to try and bring some closure to these families. in fact, the rear admiral of the coast guard mentioned he had visited st. john's, where we are right now to meet with some of the family members that arrived back to port yesterday. now after this investigation in concluded, they will submit a report. and the idea here is to understand what happened, but also to make sure that safety protocols for deep sea submersible expeditions are improved so that nothing like this happens again. reporting in newfoundland, gloria pazmino, cnn. >>> and now to a

ÃÃthe good news is, i think a lot of the larger banks want to partner they want to help some of the mbi's's and others complete the value chain across all the diverse parts of the economy. there's other initiatives. that's all part of the solution. >> to that point. if you had your magic wand, not just comptroller of the currency but wizard, is there anything in particular you would like to see from the private sector when it comes to ÃÃyou are getting there in terms of technical assistance is that the normal point as the private sector action or is there anything else you find really important there? >> for me there's a whole set of taxable things. technical assistance, it's huge. we have examples where the human knowledge the human capital that's taking experience and really spreading it in a way that can be planted as an investment. technically other partnerships leverage delivery hannels those are trying to approach more holistically. banks have that perspective and they can participate in all the different parts that's really helpful to economic development. >> we have about a minute

one illustration of that is if you look at mbi's and cdfi's in the first quarter deposits increased this where we corner we saw a record decline and of deposits across the industry at mdi's and cdfi's in total with a variety from bank to bank it increase. the second question in terms of policies that could potentially stem the tide, when it comes to deposit one thing that is worthy of consideration is the feds reverse legal facility. right now money market funds and certain other counterparties can place substantial amounts at reverse repo facility and earned a very high interest rate. almost as high as with the fed pays bank reserves but they have much different cost structure so it's much easier for them to pass the rate along. that have served at the magnet to pull funds out of banks they have a difficult balancing act to balance the monetary objectives. it does seem like there might be small tweaks that could be made to try to make that a little less of an attractive competitor. one other thing i will say on the liquidity side banks have done a lot to try to shore up their defenses b

the mbi, however, is also responsible for accountability aspects. incident.mendations to the proper authorities to pursue civil or criminal sanctions as necessary. >> reporter: now, any kind of subsequent enforcement will have to be done after a separate investigation. and just another important note here, is that the ma preen board of investigation is working with the u.s., the uk and france, and that, of course, reflects the nationalities of the five people who were on board of the vessel. so you can see this sort of multinational effort to try and bring some closure to these families. in fact, the rear admiral of the coast guard mentioned he had visited st. john's, where we are right now, to meet with some of the family members that arrived back to port yesterday. now, after this investigation is concluded, they will submit a report. and the idea here is to understand what happened, but also to make sure that safety protocols for deep sea submersible expeditions are improved so that nothing like this happens again. reporting in newfoundland, gloria paz mea

. >> during the course of the mbi, the board will first and primarily work to determine the cause ofand the five associated deaths. the mbi, however, is also responsible for accountability aspects of the incident, and it can make recommendations to the proper authorities to pursue civil or criminal sanctions as necessary. >> reporter: now, the u.s., the uk, and france are helping in this effort, jim. and you see there a reflection for all these different countries which reflect the nationalities of the people that were on board to at least try and bring some closure to the families of those who were killed. jim. >> gloria, thanks so much. >>> coming up, how the coast guard investigation could impact oceangate's liability. we're going to speak to a maritime attorney next. >>> plus, hear "titanic" director james cameron's harsh comments and criticism about the company. real signature sauce, three real cheeses, topped with real meats. now get another real deal, unlimited medium 1-topping pizzzzas for $6.99. marco's. pizza lovers get it. ♪ in the middle of everything, ♪ ♪ there's everyth

. >> during the course of the mbi, the board will first and primarily work to determine the cause ofcts of the incident, and it can make recommendations to the proper authorities to pursue civil or criminal sanctions as necessary. >> reporter: now, that part is going to be determined by a separate investigation, whether or not any criminal or civil liability may happen here. another interesting detail, jim, is that the agencies are working with the uk, the u.s., and france. that, of course, reflects the nationalities of the people who were aboard the vessel, and so you can see this multinational effort to try and bring some closure to these families who have lost their loved ones. >> closure and accountability as well. gloria, thanks so much. >>> well, this week the "titanic" director james cameron, a deep sea explorer himself, offered some blistering criticism of oceangate for not following safety regulations and testing. here's some of the headline-making interview he did on cnn. >> a multi--seat vehicle where i intended to be the pilot, we'd go through all of the rigorous test pro

. >> after the on-scene evidence collection efforts conclude the mbi will typically hold a formal hearing to gather additional witness testimony and evidence. the board will first and primarily work to determine the cause of this marine casualty and the five associated deaths. >> officials say ongoing salvage operations more than 12,000 feet underwater continue. >>> severe storms tore through parts of the midwest and the south leaving hundreds of thousands of people without power. this funnel cloud could be seen ripping apart buildings in greenwood, indiana, just south of indianapolis yesterday. there were multiple reports of tornadoes in central indiana. at least one person was killed and another injured. dozens of homes were destroyed or damaged in the area as rescuers searched for victims. >>> tens of millions of americans from new mexico to mississippi are under excessive heat warnings and advisories this morning. a historic heat wave continues to bake texas with temperatures over 100 degrees, and there's no end in sight. it's expected to continue through the beginning of the july 4th

the mbi, however, is also responsible for accountability aspects of the incident, and it can make recommendations to the proper authorities to pursue civil or criminal sanctions as necessary. >> reporter: new images tonight of the equipment used in the risky operation to uncover the sub's debris near the wreckage of the "titanic." the odysseus, with those robotic arms, on the seafloor in its fourth dive. >> the priority of investigation is to recover items from the seafloor. >> reporter: the question tonight, could this have been prevented? abc news obtaining foreboding e-mails to ceo stockton rush from karl stanley, a submersibles expert, who in april 2019, went on an experimental dive in the bahamas aboard the doomed titan. but in an e-mail to rush after, he warned of cracking noises that sounded like a flaw defect in one area being acted on by the tremendous pressures and being crushed/damaged. claiming in another e-mail to rush, the fact that you told me to not speak about the noises i heard on the dive, to me, says a lot. >> i would compare them to small caliber gunshots. i'm not i'm not a p

this is really an extra push to a movement that's been going on for a while, looking at mbi not as a health risk. a metric invented in 1832 by a belgian statistician trying to characterize the average man. it wasn't until the 1970s it was adopted as a marker to measure body fat measurements across the population. it can sometimes be used for individual health ridge of the ama in a statement last week it significantly correlated with the amount of fat mass in the general population but loses predictability when applied on the individual level. that's really the issue here. this is really validated in a population that is mostly white, validated in the 19307s and a population of mostly men and this really isn't applicable across people of different racial backgrounds and people of different ages and sexes so there are major problems with this. the problem with that though is that this is used and not just a screen for being overweight or having obesity but also eligibility for certain medical procedures like fertility treatments or having certain surgeries. can also play into life insu

the mbi is also responsible for accountability aspects, and it can make recommendations to the proper pursue several several criminal sanctions as necessary . >> the board is working with u.s., uk and french partners which of course reflects the nationalities of the people who were aboard the vessel. so you can see there's now a multinational effort to try and bring some sort of closure to these families at the end of the investigation. the board will issue a report and the point is to avoid any of these tragedies from happening again. >> thank you very much. coming up, the wagner mercenary group has played a key role in russia's war in ukraine. ukraine may have an opening to find success in its counteroffensiveve. we will discuss that next. you arare live in the cnn newsroom. make it even smarter. we call this enterprise intelligence. meet the team all using chase to keep up with their finances. smart bankers. convenient tools. boom. one bank with the power of both. chase. make more of what's yours. ♪ ♪ ♪ [typing] ♪ you were made to act spontaneously. we were made to help plan accord

mbi dear about -- and the idea about, what about china? like in america where we take on the big things. we don't do the whataboutism. we don't say "hey, in ghana they are not doing such and such so why should we?" that is so lazy. let's get back to taking on big problems and leading the world that way. i do not care what china is doing. i want to make our water and air better here. in the idea that -- think about all of the cars, all of the factories, all of the pollution. the idea that what we do has no effect on the planet, your brain has got to be broken. these people are calling the global mooring -- calling, "global warming is a hoax." really? do you not see all of the pollution? host: david, got your point. let's go to the republican line. greenville, tennessee. dave is on the line. caller: good morning. i have no confidence in john kerry or the father of the internet. the gentleman with noaa talking , about above ground nuclear testing should have been allowed to speak longer. climate changes been around since noah and the ark, and

this is the same half-mbi, in fact. this is a small truck.ur guys can hear how they shout you outside? they say that they should be careful and not run over for a minute. very fast. artillery begins to work, do not forget that they are being watched by a russian drone, that is, they also became the target of artillery, russians. well , when you see this, you start, of course, understand. what do soldiers have to go through? stoltenberg the head of the north atlantic alliance please, for the first time commented on the events in russia last weekend, it must be considered and proceeds from the fact that the events in russia are its internal affairs the north atlantic alliance does not plan to interfere and has never interfered in the internal affairs of russia yeah, the head of germany lena berkova said that the west does not intend to interfere in the situation in the russian federation in the light of the attempted mutiny and proceed from the fact that everything that is happening is an internal matter in of the russian federation were at the