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 russian counterpart to discuss the incident. >> make no mistake, the united states will continue to fly and operate wherever international law allows. amy: russian defense minister sergei shoigu reportedly told austin u.s. drone flights near crimea are provocative and could le to an escalation between russian and u.s. forces. in moscow, foreign minister sergei lavrov said russia had designated parts of the black sea off-limits tany aerial traffic during russia's military operations in ukraine. >> you have heard representatives of the pentagon and the joint chiefs of staff say the united states will continue to fly wherever it pleases in accordance with international la but if you follow this logic, the space around the united states has the same status as the space over the black sea. amy: i

or the u.s. comes out with a new law or new regulation, it's been very hard for us to change it or really to adapt to the concerns of the united states or the european union. and i'm curious, the training technology council that has been set up between the u.s. and e.u. has been really highlighted by this administration as an example of trans-atlantic cooperation. it was mentioned in the national security strategy. how do you see the role of the t.t.c. in sort of trying to iron out the differences that emerged in our perspective approaches? all the while, it seems as if we're actually quite aligned and on the big picture, on the need for protecting supply chains, on the need to be concerned about climate and china. so i'm curious, how do you see the role of the. it t.c. here playing as trying -- t.t.c. here playing trying to improve trans-atlantic relations? mr. breton: i mean, first, it's good we have a rendezvous when we sit together and we speak. we can talk frankly because we are the strongest

goldman sachs says the u.s. ress is a growth headwind but not the hurricane some had feared. let's bring in annabelle in from hong kong. that could be a bit premature. a lot of people are saying it is still not over. there is a lot of uncertainty. >> that's right, shery. we have been watching closely this chart here, u.s. financial conditions. we are still in really tight territory. a lot of analysis out there saying perhaps this is doing some of the fed's work for it. when you have the tighter financing conditions, it does remove some of that additional need for further restrictive rates. goldman sachs, sticking with a view that when you have tighter lending conditions, that will also be a drag on u.s. growth over the coming year. of up to half a percent as well. goldman is saying. that could be in manufacturing, information, commercial real estate, three areas we have also been tracking closely. changing on now, why goldman sachs is saying the drug is going to be much smaller than what was observed during the f

the u.s. s.e.c. it raised questions of the cash statements in 2019 and 2020. the swiss lender statement says the u.s. financial regulator made a late call on march 8th in relation to certain comments about the technical assessment of previously disclosed revisions of the cash flow statements we confirm the 2022 results as previously released are not impacted now we also have from the bank saying the management believes it is prudent to delay the publication to understand the comments received. again, going on to say this does not impact the 2022 results that were released on february 9th of this year. it has gone from crisis to crisis every time the bank wants to communicate to the market it is moving forward you get a story like this with shares down 3.6% and you have to think harris associates, the last shareholder to exit its stake, and leaving behind the middle east shareholders is the biggest one in credit suisse leaves you the point of why invest of a bank burning cash when you could inve

until last friday, it was the extent largest bank in the u.s. -- the 16th largest bank in the u.s. of its customers started drawing on their depits as economic conditions are slowed and spp did have enough cash on hand, so it started selling bonds and the losses spooked investors. just 48 hours between when the bank said it had sold the assets and its collapse the u.s. government stepped in, guaranteeing deposits across the entire banking system, ensuring all account holders could retrieve fds. president biden says taxpayers will not bear any losses from the news. >> kit has been a nerve shredding weekend for companies like this one. universal content is one of thousands of tech companies that had their money in silicon valley bank. >> we were majorly exposed, absolutely, but we try to get our fans out as quickly as possible. that was unsuccessful. over the weend, we really had to scramble to get strategies in place to survive. >> to huge size of relief, the chancellor announced this morning that bc was buying the u.k. bank for a pound. >> we were faced with a situation where we co

the 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: still

it is the u.s. government, do they have the tools they need to keep the guard rails up, possible crisis is emerging customer >> you make a good point. this is what happened with silicon valley bank and that they were narrowly focused in terms of investing, lending and having deposits from tech customers, so some venture capitalists got nervous, advise clients to pull their money out of the bank and that is what caused the bank run. without social media, that probably would not happen, but i think these are isolated cases, the government stepping in and ensuring depositors receive all of their deposits, that should put to rest any fears. >> what about tough love? it seems size is not the only thing that matters. all of the deposits will be guaranteed. that is creating a moral hazard. >> we are different with the financial crisis. equityholders came out pretty good because of the government bailout. investors have been completely wiped out and it is the depositors. we think of depositors as the success

the u.s. has all across the globe. here making those demands and recommitting ourselves to lift up the antiwar movement once again. amy: the costs of war project estimates up to 306,000 people have died from direct war related violence, while hundds of tusands moriraqi civilians have died from indirect causes d millions have been displaced. some estimates put the death toll in iraq at over 2 million. in the lead-up to the illegal u.s. invasion in 2003, tens of millions of people took to the streets in thousands of anti-war protests around the globe. after headlines, we'll spend the hour looking at the u.s. invasion of iraq with iraqi poet sinan antoon and french-iraqi journalist and filmmaker feurat alani. in sharm el-sheikh, egypt, representatives from israel and palestine agreed to de-escalate tensions ahead of ramadan, including an israeli pledge to halt discussion of new settlement construction four -- for four months. the talks were also attended by u.s., egyptian, and jordanian officials.

the u.s. to leave the nuclear deal. yes it is true that iran has broken the barrier imposed on its nuclear program found that the. let's be forget, even prior to that deal, the regime had accumulated anywhere from 7 to 9 bombs worth of load enriched iranian monotone territory. the idea that this is absolutely uncharted water, that the clock of the may 28th withdrawal represents a fundamental misunderstanding of the iranian nuclear program. i am glad to talk to cause said we are not on the precipice abandoning the deal precisely because iran feel so comfortable with escalation today that it is healthy with the countries in the bottom estimation. it is breaking through new barriers. it is not the biden adminstration's fault. it's not former president trump's wall. the reason we have no nuclear deal today is precisely because of iran. >> the undersecretary had said it was a mistake for the trump administration to pull out of the iran nuclear deal. do you agree with that? >> i think style has a sub

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 unco

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 and

overseas though, relations with the u.s. ntinue to decline, and tensions persist with the eu over russia and ukraine. so, what impact will xi's unchallenged leadership have for china and the rest of the world? we will be discussing all of that with our guests in a few minutes, but first we report on a what xi jinping faces at home and abroad. >> eugene peng has been reelected as president and will begin his third term in office with a new leadership team behind him, but they face many challenges at home and abroad. at home, the issue of the environment is still a problem, as you can see behind me. beijing has been blanketed with intense smog this week. but there is a bigger focus on the government and the slowing economy. they set a target of 5% for the year 2023, the lowest target we have seen in decades. that is because china is still struggling to recover from almost three years of a strict zero covid policy where consumer spending took a hit, as well as investment. have seen a rising unemployment rate among the youth and

the u.s. 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 on here as well? when you look at the backdrop of what's happened in the last few months and years, france withdrawing from mali, ending operations and burkina faso -- in burkina faso, increasing military involvement

this is hosted by the u.s.-china economic forum, it's about an hour and a half. >> we will hear from the director biotechnology programs and a senior fellow at the center for security in emerging technology will provide us with an analysis of china's system, research institute and universities and how they develop plans and technology. then we will hear from dr. jeffrey ding, professor of political science at george kent and will assess the ability of i'm reading with the staff wrote and i don't understand this. he will assess diffusion of technological advances and the role that is supported by china's syndication system. thank you for your testimony. i know it's complex and i read it with great care but try to keep it to seven minutes because we ask a lot of questions. dr. shu, we will begin with you. >> thank you very much for the kind reception and thank you for this opportunity to contribute to this hearing. thank you for the opportunity to join online. i will present three major things, particularly human

it will respect the u.s. titution and enact gun safety laws. >> what about the question of mental health, those who have psychological issues? would it change views on how much people should be monitored or helped? >> i think it is clear anyone who commits that kind of carnage entering a school, church, or grocery store as happens all too often. anyone who enters with assault weapons intending to kill people is mentally ill. but the u.s. has shown no wheel in the last 40 years to spend money on mental health. the state of tennessee doesn't show any will. we need to lack -- enact same gun laws and invests in mental health. i really don't see any political will for either of those to happen. >> public opinion after these horrific incidents, does it not push lawmakers into these kinds of directions? we have this debate every single time. so tragic to watch. >> it is disgusting. i don't see any change, they have already said this can be fixed, one congressman from tennessee shrugged his shoulders to reporters and

so in the u.s. feels like the regulations around banks will be wrapped up and therefore their lending patterns will slow and there will be much more to impact the u.s. economy then will happen in europe. the other thing i think is that whenever we get a crisis, we forget about things. what are the things we have forgotten about now? china reopening, probably better for european companies more. we have forgot about the u.s. that crisis, which i know your team is all over and is something that we will come back and possibly demand more of a discount to the rates we see in the u.s. and in the future. yes, i think that europe is the better place to be. alix: if that's the case and we go to the fx market as a proxy, why can't europe break out at 110? there's still an energy crisis that is felt more acutely with a close proximity? does that explain it? rebecca: well, i think there's a lot going on. normally in a situation with stress or a crisis, everyone goes to the dollar has the safer of the currencies

the u.s. and some western governments say it allows china access to private data and is a security threat. the company and the chinese government both deny this. so, who should we believe? this is "inside story." ♪ hello there, and welcome to the program. i'm nastasya tay. now, tiktok, the chinese owned video sharing app, has won huge popularity globally, with over a billion active users. but it's also become another battleground between the u.s. and china. washington says tiktok is effectively a spying tool. we will discuss the arguments with our guests in just a few moments. meanwhile, though, the company's chief executive appeared before a congressional committee to answer questions, members of congress spent five and a half hours grilling shou zi chew, accusing tiktok of being controlled by china and a danger to teenagers. before the questioning began, he explained just how popular the app has become. >> two years ago, i became the ceo of tiktok. today, we have more than a billion monthly a

the u.s. dollar in particular is on the back.e big things going on here, there was a lot more action in the treasury curve. because the u.s. care was so inverted between all of this time. the fact that the fed has been doing so much really puts a lot of pressure on people who were short in particular. you are seeing extraordinary performance of two-year yields moving more than 20 basis points already. that is what we have been having such a big impact on the market. >> how much more downside to the dollar? what is the sense we are getting in the markets? >> it is very much in the hands of the fed. if the fed signals they are going to take a pause, that unwinds so much of the strength in the u.s. dollar. in contrast, we are fairly confident the european central bank has more work to do in terms of hiking interest rates at the moment. that is a very positive thing for the euro. japan is changing leadership. at some page -- states, they will change monetary policy. this is very much skewed against the u.s. dollar. if the fed does hi

let's look at the u.s.. 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 and

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 buying a team, it had to be some place nice. >>> i'm lesley stahl. >> i'm bill whitaker. >> i'm anderson cooper. >> i'm sharyn alfonsi. >> i'm jon wertheim. >> i'm nora

you saw that the u.s. ment went to great lengths to assure the american people that the banking system is in fact safe. you had the u.s. president joe biden speaking from the white house to say exactly that. it is not often that the president will come out and make these kinds of direct messages to assure people about the fiial system in the united states. laura: that inflation figure at 6%. given that rising inflation led to rising interest rates, thought to be one of the facts behind the collapse of those banks, what does the u.s. central bank do with 6%? does it carry on with raising rates? samira: that is the big question, and that is what everyone is debating. you saw that the head of the fed jerome powell was on capitol hill and told lawmakers, look, we are going to have to raise interest rates, and we will be aggressive about those interest rate hikes for much longer. cue the calamity we saw. a lot of people are wondering, will be rate rise? a lot of banks are speculating if we will see the rate rise

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 y

dani: to that point, the u.s. erce department just announced export restrictions for dozens of companies of chinese entities. what is their aim? about a minute to go here. bruce: sure. this is for the so-called entities list that the commerce department has. there are many chinese companies on it, most notably huawei. they've added more chinese companies to the list. these would be chinese companies that make servers, semiconductors. these are all in industries that the u.s. is concerned about. the u.s. has imposed restrictions on exports of semiconductors and other things to china. also possibly having a system in place to restrict outbound investments similar to what they have for chinese investment into the u.s.. that's still a long ways off. dani: thank you so much. bloomberg's bruce einhorn with the latest on u.s. politics. coming up, price pressures stay elevated. we talk dani: good morning, this is "bloomberg daybreak europe". the bears stepped back, asian stocks are set to snap three weeks of declines amid

est: when the u.s. and china started increasing their trade relationship you saw a lot of american multinationals go. we saw that effect jobs in the united states. and he saw china uses an export platform for the rest of the world. a lot of the trade we have between the two countries, companies that are doing businessith china in china, for china, those whose china as their global supply chains are still there but moving to southeast asia, india. you are seeing a transition in the way the industry is run. china was primarily competitive at the lower end of technology anclothing, toys, games. now they are competitive at the top of the market. it's a very different kind of relationship. we are both targeting the same instries, the same positions so that makes our relationship more competitive than it was two decades ago. host: our guest is with us until 9:00 if you want to ask him questions about the economic relationship between china and the united states. the lines are (202) 748-8000 democrats, (202) 74

third the u.s. nd is within reach of the prc influence activity. examples include tiktok u.s. intelligence officialsn caution can be influenced by ccp driven manipulation of its algorithm. they also include operation accent ccp directed individuals to spy on us-based pro-democracy advocates, intimidate chinese and chinese and american students at universities pressure individuals in the united states return to china including by threatening family members. also exerts influence through belt and wrote initiative, exporting terrestrial infrastructure information communications technologies and other technology areas sprayed this global influence directly impacts businesses in u.s. security interests here at home. one acute area of competition is commuter including satellite communications, satellite broadband communication like spacex, start link which cis recently examined. further expansion of chinese telecommunications services could boost beijing's presence in foreign terrestrial r networ. providin

yes, you know, the u.s. gue state like north korea as long as the program doesn't get too big, maybe iran, but china, russia the size of their arrest analysis to if they launched nuclear missiles just like if the u.s. launched nuclear missiles a them, there would be no way to shoot anything close to all of them down, this is the definition of to mutually assured destruction, north korea is trying to get to the point that u.s. wouldn't be able to shoot their missiles down then they become a nuclear power, which is what kim jong-un wants. >>> next a new report revealing just how close two passenger jets came to colliding in florida. hear . >>> tonight. 14 seconds how close two passenger jets came to colliding on a runway in sarasota florida according to preliminary report that just come out from the ntsb. this animation revealing what happened last month. air traffic control gives the air canada jet one in red, the all clear to take off. at the same time, an american airlines jet that's the blue was three miles

germany d the u.s. challenge britn's leadership in those areas off the back of innovations electricity, interchangeable manufacture but they became economic rivals firsand th the enomic power translated into political and military leadership. if we think about the risend fall of great pers in emging technology, through this lens of which country can adapt technoloes at scale, which countries can build a better diffusion capacity, i think that reorient the framerk by which we evaluate scientific and technolocal cabilities. we are trying to measure whether china's capacity to innovate differs strongly from its capacity to defuse technologies to scale and i urge you that this sort of diffuon defit does exist. by a lot of measures that are moreloselyelated to innovati could pacitti, china seemto be among the world leads, the quality of the top three universities is high, the quality of the top three firms in terms of r&d expenditures as time we seen many figures think china is producing more science and tech

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 cr

thos in the u.s. and china, espeally in china beforthe launch of the ai major, it was pretty similar in both counies in wch computer science departnts where the main breeding ground for ai challee. some of these computer sence majors in both untries have an ai concenttion or elective courses that can train you up. china, they have taken that a step further would not justhe ai major. they go beyond that to introduce natural language processing and computer aitions. to really get you into the machine learning anti-running techniques which are ait more of an optional direction in the u.s. computer science. i will note there are sever programs in the u.s.. there is no compreheive tally we know of that really multiplies how many majors are but i will point to carnegie mellon who has a bachelor of science in artificial intelligence. the curriculum design also looks similar to what i have seen of the chinese approach where they are giving the introdtory method and hands-on tools you need to learn how to desig

the u.s. as the fed and treasury way that is emergency authorities for emergency backstops. haidi: seb does have a presence and we are scrabbling to work out the situation, particularly in the u.k.. they are set to be declared insolvent and there are concerns not just for svp operations around the world but all of these startups and how they argue to be affected. if you look at the exposure we see in asia, roku has been one that has been singled out as one of the most exposed firms. there are dozens of companies with exposure to the bank and customers are facing a lot of uncertainty around these uninsured deposits. hundreds of tech jeeps -- tech chiefs trying to work out their exposure in the broader ramifications for the industry that has always relied heavily on u.s. capitol and growth. we continue to watch all of these develop and's closely, including the auction process for their assets underway. regulators said to be making a portion of deposits available as soon monday. >> we know the fbi

also warning that the u.s. p will worsen if both sides do not handle the issues surrounding the island properly. haslinda: of course we continue to track and count down to the rba decision at the bottom of the hour. for more let's bring in garfield reynolds. it does seem like even treasuries are looking to the rba for direction. garfield: not too sure about that. i think treasuries are mostly just hanging tough until jerome powell talks. the last rba meeting we saw something like a 16 basis point move higher in short and australian yields on that very hawkish rba move. two year treasury yields did pick up a little bit during the day but at the end of that same tuesday, treasury yields in the two-year space were flat and had not changed. so maybe if the rba pools a big enough rabbit out of the hat that might spook treasuries in the short-term but really people are going to be waiting for what mr. powell says. rishaad: i am interested about the data that cried wolf, a piece that you penned a few hours ago. i think

haidi: well the u.s. ted with examples of what can break at a time of high interest rates and a looming recession, china may be entering a positive feedback loop where growth could surprise to the upside. let's bring in sophia. we have been seeing china as a surprising source of low volatility over the past couple of weeks, but are we seeing that potentially translate into further upside? >> exactly, china has been somewhat of a stabilizing force amid really heightened global volatility. a lot of the focus has been on the property sector, of course. that is the key driver on the economy, and the fact that home sales and prices rose earlier than economists expected pains are rosier picture for the outlook. we know that consumer confidence is still quite low. that is the key challenge for policymakers going forward, but it does intend to lag a turnaround in the property sector. i think there is a lot of pessimism in the market right now. people are searching for bad news to justify a more bearish macro outlo

and we begin tonight with the u.s. and russia both racing to find that $30 million american reaper drone now at the bottom of the black sea. the drone destroyed after being intercepted by russian fighter jets in international air space. raising tensions between the u.s. and russia even higher since the start of the war in ukraine. russia tonight says it is looking for that drone. and the u.s. says one of those russian jets hit the drone's propeller, knocking it down. russian pilots accused of harassing that drone for 30 minutes, making 19 close passes, dumping fuel on the drone before it was hit. tonight, defense secretary lloyd austin speaking with his russian counterpart for the first time since october, calling russia's actions dangerous, reckless, unprofessional. and making it clear that the u.s. will continue to fly where international law allows. the chairman of the joint chiefs mark milley also holding a high level call today. and what we've learned tonight about u.s. intelligence being wiped from that drone. abc

the pentagon says u.s. rtment officials had not spoken with russian officials so far about the incident. we just heard from the pentagon press secretary air brigadier general pat ryder in the last few minutes. >> at approximately 7:03 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 the mq-9 down in iernational waters. dumped profsion manr.of t this demonstrates a lack of confidence in addition to being unsafe and unprofessional. kasia: that was the pentagon press secretary pat ryder speaking within the past few minutes. for all of our viewers jning us now in the u.k., we will bring you the details of what was said. let's cross over to washington. gary o'donoghue joins us now. we were watching that press conference, that briefing payment for our u.k. viewers, let's bring them up to date with what we know about this incident which the u.s. is describing as "reckless." gary: at about 6:00 this morning u.k. time, two russian fighters cam

the u.s. military to -- two east asia in a crisis. the more robust pla presence could also create opportunities for surveillance and intelligence -- allowing the pla to not only learn about what the u.s. military is doing, but also learn from the u.s. military and improve their own ability to operate more effectively -- there are some actions, however, that the u.s. can use -- the u.s. needs develop a more thorough understanding of how china's operations are being -- i think doing so it will allow the u.s. to understand which policies are resonating in which countries and why. and this will be critical to develop painting and effective response. over time, as the pla becomes more active overseas, the u.s. will need to make choices -- not everywhere the pla operates necessarily constitutes a threats. and seeking a -- instead, the u.s. should identify locations where a permanent pla presents word create a challenge -- in order to maximize the flexibility -- finally, i think will be important to w

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 a

chairman of the u.s. federal reserve will be back on capitol hill today before the house financial services commit at the. jerome powell says inflation is still too high and bigger than expected interest hike is coming. matt egan has the details. >> reporter: so jerome powell is essentially saying that this war on inflation could drag on, perhaps into the summer. and here is why. despite the fed's best efforts to cool things off, the economy gotcha off to a very hot start this year. hiring boomed in january. retail sales skyrocketed. and here is the big problem, inflation remains way too high. and in fact if you look at the fed's preferred inflation metric, it shows that while price gains have cooled off in the past nine months, they unexpectedly heated up in january. and inflation remains well above the 2% that the fed is targeting. listen to what powell had to say about what all of that means for interest rates. >> although inflation has been moderating in recent months, the process of getting inflation

he ordered the u.s. marshals to protect justices and their families as groups continued to protest outside their homes. >> i'm first attorney general's ordered the marshals to protect the residences, the justices and to protect them 24/7. >> but alabama senator katie britt confronted garland with slides from a training guide for u.s. macialtion. marshals. one reads making arrests and initiating prosecutions is not the goal of the msus presence at scotus residences. brit cited a federal statute on the books since 1950 that makes it illegal to picket and protest outside the home of a federal judge with intent to influence. do not in gauge in protest related enforcement actions beyond that which are strictly and immediately necessary. >> it is clear that these marshals were given directives that limited, that narrowed the scope. >> bret, garland wants $21 million to go towards hiring moral deputy u.s. marshals. he also wants the responsibility of watching over those justices to go back on the plate of the su

the u.s. military says that they will not find much, the joint chief chairman chairman mark milley reports that the drone probably broke up when it went down in international waters. u.s. officials claim that the drones sensitive software was erased remotely before it crashed. russia denies one of its fighter jets clipped of the drones propeller, forcing it down. russian foreign minister, sergei lavrov, says that the drone ignored aerospace restrictions imposed by moscow over parts of the black sea. the u.s. says that there is surveillance video of the incident, which may be released to the public. defense echo terry, lloyd austin, spoke by phone on wednesday with his russian counterpart, sergei -- austin says that american aircraft will continue to fly wherever international law allows. >> this hazardous episode is apart, it is part of a pattern of aggressive, risky, and unsafe actions by russian pilots in international airspace. it is incumbent upon russia to operate its military aircraft, in

the u.s. rce says american and allied jets will continue to operate in international airspace after a confrontation with russia over the black sea near ukraine. the u.s. military says russian fighter jets intercepted un-american servants thrown on tuesday, hitting its propeller and forcing it to crash. the air force reports the drone was a complete loss. u.s. european command says the drone was conducting routine operations over international waters. and the white house calls the actions of the russian pilot reckless. >> i mean, somebody could have gotten hurt. nobody wants to see that happen. and it could lead to miscalculations between, you know, two militaries that are operating, not obviously in ukraine together, but certainly in proximity in the region. and we don't want to see this war escalate beyond what it is already done to the ukrainian people. so, this is clearly -- this was inappropriate, unsafe, unprofessional conduct by the russian pilots. >> russia's defense ministry denies its

reporter: the u.s. border is about 2300 kilometers away. fael coc rax would love nothing more than to just keep on riding and leave the hardship of life in guatemala behind him. likealf the population of the country, he works in agriculture. extreme weather is increasing the frequency of droughts and floods. farmers are anxious about their futures. rafael: look at this measly corn cob. they're supposed to be much bigger. reporter: these days, the harvest is barely enough to even feed his own family. a recent hurricane left havoc in its wake. the damage will have lasting consequences. rafael: you have to dig deep to even find any soil. that's why nothing grows properly anymore. the hurricane dropped a thick layer of sand on the fields. reporter: climate change. corruption. violence. he and millions of others in guatemala despair for the country's future. a study shows that one in six guatemalans emigrate to the u.s. marcos ixtamer is a social worker. he works with young people, encouraging them to create change. he runs the "centro quedate,"

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, because sensitive information was wiped from the drone before it crashed. >>> what might be the first fiscal contact between russia and u.s. militaries since the start of the ukraine. high over the black sea, a u.s. spy drone points its camera backward over its own tale, a russian jet closing in. the russian jet begins dumping fuel as it passes by the drone. the spinning propeller clearly visible. in this newly declassified video you see what the russian fighter flies by on another pass, dumping fuel once again, the jet comes even closer and the video pixelates. when it comes back online, you can see the propeller with a bent blade, damaged in impact. in these images, you can

am i to take from that that the u.s. is prepared to request that allies survey and possibly recover the drone? is the expectation that the u.s. does not intend to recover the drone? secretary austin, in brussels, you said that bakhmut was largely symbolic. are you concerned that ukrainian investment in bakhmut takes away resources that could be applied to these spring offensive? sec. austin: tyler go first. -- i will go first. nancy, let me applied the valor, persistence that we have seen from the ukrainian soldiers. they have done amazing things in bakhmut. the russians have been working to take bakhmut for some seven months and have not been successful because of the diligence and commitment and focus of the ukrainian soldiers. in terms of the significance of bakhmut, i would say -- i would point to the fact that president zelenskyy is fighting this fight. he will make the calls on what is important and what is not to his forces and whether he needs to reposition or remain in bakhmut. the point i would make is that if h