u. s. busy still sees itself as well as will make a still, you know, i will know that the so called rules based daughter was always a us to a west based order that's clear to everyone now. and so, you know, it is, i did us still things that can make the rules that can make everyone else abide by those rules as it has done for a very long time. yeah, i mean, i think it's just, it just shows that the, the u. s. is completely out of us leadership at least is completely out of touch with reality. i mean, they almost seem to be suffering from a case of mass gets a free. i mean, they don't realize that most of the world is, you know, is tired of these, of these, of these antiques they, you know, they see right through the u. s. the u. s. propaganda tired of the hypocrisy, the hide of the double standards and then on the following the u. s. and a westmore in general, that they're not on board with it anymore. and you know, and so now what you have is this very powerful and used to be a very powerful kingpin that's walking around the city with an m 16. you know, in his, in his hands threatening and eve

u. s, they're still unfinished business with another bank, their 1st republic. so that could also add to the jitters later. put this takeover in perspective for us. how big of a deal is it a huge deal shocking. it's one of these are 2 of the largest banks. i'm in the world. credit suisse was one of those. and this deal, $3200000000.00, a kind of shot gun wedding that really happened so much urgency that's, that's one of the things that was really transit, $3200000000.00. a for bank that on friday was valued at $8000000000.00. so you really see how regulators wanted to push this through and there were 2 reasons. one, because this effect of the swiss economy, there are a lot of employees of these banks. they wanted those assets to remain in the country and be disassembled by another swiss bank. but also because of the overall global, meaning there's a lot of pressure for them to wrap this up before markets open. so urgency, urgency, urgency was behind us and the markets are reading that as well. you mentioned urgency, well people around world of very concerned abo

u. k, you know, it went from a 50 percent year over year increase or 50.7 to 48.3 in february. that's helpful. but it's still an enormous burden on consumers and businesses, both in the u. s. and the u. k. i want to just go back to the u. s. banking system for a moment. we had some interesting comments from john yellen. recently, the us treasury secretary saying the regulators aren't looking to provide blanket deposits, insurance to stabilize the u. s. financial system, do you think they are doing enough to stabilize the banks? yes, i think there, i mean, look, there's whatever you want to call them. you know, 2 weeks ago with s t b and signature, their bailouts, their back stops. and their guarantees. and you also see huge subsidies in the u. s . economy right now with the so called inflation reduction act, which is basically the green new deal. you know, that's, that's based favoring certain industries. but just creating so much liquidity. and that's really been the problem. the last 3 years, the massive increase in dollars years 40 percent more dollars in the market than there was 3 years ago. and you saw that that's really essentially what caused the problems that s v

business stories making news. the u. s. government is reporting that employers added more than $300000.00 jobs last month despite beating expectations. analysts say the federal reserve still might increase interest rates again as a way to combat inflation. when the fed type of credit, it typically means higher rates on mortgages, cars and business loan, as well as credit card, borrowing german rail operator deutsch bond is warding while way. a $68000000.00 contract to supply component as it undergoes a digital overhaul. germany recently said it was considering banding, the chinese company from providing parts for the telecom infrastructure, citing security concerns. the deal was made in december, but had not been previously reported. france u. k. relations are getting a renewed start french president and manuel macro and u. k. prime minister issue soon after our meeting to discuss closer economic and political cooperation cooperation between their country. it's the 1st bilateral summit in 5 years time between the 2 countries have often been rocky. britain voted to leave the european union. now i'm talking to you on a friday and if the for day work week were in place, then

their cake also in a way and still claiming that they are, you know, your up is, if you're not buying from russia, the u. s. government has charged a new york based chinese business man with $1000000000.00 fraud and money laundry. a parent get them on happens federal court school when way pleaded not guilty, but has been detained without bail. call is a former real estate developer in china where he became one of the countries richest people. however, he grew into a 5th critic of the communist party and fled the country in 2014, he was granted political asylum in the us in 2017 off the claiming he was persecuted by bay ging us. prosecutors now say he loaded money in the country through a network of n g o. american authorities seized more than $600000000.00 of goes assets from $21.00 different bank accounts ortiz, caleb moore pen investigates. well, go, one way has been arrested and the allegation that he's being held without bail ending these charges is that he perpetrated a fraud for roughly a $1000000000.00. now, shina has called him a fraudsters since 2017 chinese government issued an arrest warrant. the inner poll put out a red notice on him, and he's been co

u. s businesses now bringing employees back to the office, due mostly to productivity concerns. hotels and restaurants are stillh work or so they're looking for a new way to attract and keep employees. one tactic that appears to be working is hiring someone to be a hotel, maid or restaurant server, but at the same time, training them for mid level or higher management positions in the industry. the wall street journal reports. hospitality industry leaders say they can't afford to offer higher pay for entry level jobs. but if they invest money in career development for these employees , they see between five and 10% more of their job offers accepted. well facebook parent company, meta is reportedly planning to cut down on bonus payouts and review employee performance more frequently, according to the wall street journal and internal memo sent to manager said that employees who meet most expectations at the end of the year will receive a smaller percentage of their bonus next year. if you're looking for something new to watch on netflix, there could be a solution with plenty of options. the streaming service has

if this is way good is still a head with d w business beyond ah ah ah, this is the w news live in from berlin, accusations flying over a u. s spine drawing that crashed in the black c. u. s. defense minister lloyd allison saying that he had talked with his russian counterpart, sergey joy, good about the downing of the drone. the incident has raised 10.

businesses. but analysts see much still needs to be done to allow she longer to begin to recover. minute fernandez, o 0, colombo. the still ahead on l g here as the u. s. banking sector appears to stabilize. we look at the mixed signals coming from the world's largest economy. and how the world's most famous mime artist is inspiring a new generation of performers. 100 years after he was born. ah. hello we had some lovely warm spring sunshine across eastern parts of the u. s. at the moment. well, the clear skies nice area of high pressure keeping it settled actually has got to start to stare. these weather systems are the pushing in into the plays, pushing up towards the far northeast and steer them around that area of high pression. yeah, there's another one now in the process of making his way towards california. so we've had recent spells of heavy rain and some snow over the mountains over the sierra nevada. gonna see more of that as we go on through wet and stay as we go on in to where thursday, that'll just push its way. a little further, reese was not quite as heavy on the rain in the snow for california. they stayed wet weather more disturbed we

u. s history. cnn chief business correspondent christine romans joins us now, christine. i mean there is speculation the auction might drop multiple bidders. there's stillarly some concern out there about banks. we saw concerns about even deutsche bank in germany in recent days. how significant is this sale? and has it settled things in terms of bank contagion here in the us? it's a really important milestone. you guys in this banking drama that we've had, and it does help settle things. this is how it's supposed to work when a bank of founders or fails you find a buyer, and so they found a buyer in this particular instance, and this buyer is a rally north carolina based company and its chairman and ceo, saying that there is a good fit here, actually, that they have innovation hubs, and they like the kinds of deposits and loans that silicon valley bank has. so the 550 branches of first citizens now in the 17th inches of silicon valley bank will be together here. silicon valley bank people who bank there still will be able to still use their banking apps and use go to their their go to their local branch. if they like today, when those open up because ev

that money will still win out in the end of business talks, particularly from my perspective here in london. i mean, they might think that the u. s a foregone conclusion in terms of decoupling, but i think there are some hopes within the chinese community that actually the eu or the uk can actually be swayed to have less of a hardline approach to china. and you know when it comes to western unity when i when i when it comes to that question of trade, i don't know if the chinese are necessarily wrong about that. if you look at the way that germany has kind of been reluctant to go very far in its support of ukraine's throughout the last year, i think that you know, in some quarters of the west pragmatism is still winning out in china is hoping that it can probably split the rest of that it wouldn't be such a absolute decoupling in the future. and what about taiwan? how how dangerous is the situation if president side does meet with the speaker of the house, do you think i mean, what is the danger ? there is, are we at some kind of very, very precipitous moment. i think we have to be careful of escalating us the spiral that both sid

u. s business activity. shares of global giant deutsche bank dropped today reigniting concerns over the stability of the banking industry. ktvu is jana katsuyama spoke with the stanford finance professor about the potential impact, jenna julie. it's still whether today's selloff was due to investor jitters or specific concerns about deutsche bank. but one stanford professor who has done extensive research on deutsche bank says it does raise some important questions about the levels of risk that many of these global giants have been taking in their investments. concern over global financial giant deutsche bank led to a sharp drop in stock prices friday. shares closed down 8.5% after falling as much as 14% following a european union summit in brussels friday. german chancellor olaf schultz spoke about germany's largest lender chefs put in the conflict , he said quote there is no reason to worry. deutsche bank has thoroughly modernized and reorganized its business and it's a very profitable bank. deutsche bank has turned in 10 straight quarters of profit, but there is concern about exposure to high risk investments, according to stanford finance professor not add mahdi. the banking system is just very, very large. and because it's large,

u. s history. a manhattan grand jury voting to indict former president donald trump thursday while the case is still under seal sources tell cnn he faces more than 30 counts related to business fraud. the former president, responding to the indictment, calling the manhattan district attorney alvin bragg, disgrace and claiming the entire investigation is a witch hunt to fight. you know, he's the toughest guy. no. tions. you shocked, you know, because we really were. i was shocked today . the rule of law in the united states america died, indictment concludes a years long probe investigating a hush money payment to adult film star stormy daniels to remain silent about an alleged affair with trump and affair. trump denies the case relies in part on the testimony of trump's former personal attorney, michael cohen , who has in the past pleaded guilty to nine federal crimes, including lying, convicted felon. i am a disbarred lawyer, but i also brought the documents . there's plenty of testimony corroborating testimony to go around paid daniels $130,000 just weeks before the 2016 presidential election, according to court filings, the trump organization reimbursed cohen $420,000. it