Dow tumbles over new fears about the banking sector

The Lead with Jake Tapper

CNN

News

3.5 • 1.7K Ratings

🗓️ 15 March 2023

⏱️ 82 minutes

🔗️ Recording | iTunes | RSS

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Summary

Is the banking industry suffering from a crisis of confidence? Markets around the world tumble as concerns grow over yet another possible bank failure. What might that mean for your money? Then, a Texas judge may overrule a decision made by doctors and scientists 20 years ago. The hearing today could block access to medication abortion. Plus, an unmanned American drone was forced to crash down in the Black Sea after a collision with two Russian jets. To learn more about how CNN protects listener privacy, visit cnn.com/privacy Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Is the banking industry suffering from a crisis of confidence the lead starts right now?
0:09.4	Markets around the world tumble as concerns grow over yet another possible bank failure.
0:15.7	What might that mean for your money?
0:17.7	Then a Texas judge made overrule a decision made by doctors and scientists 20 years ago
0:23.3	the hearing today that could block access to medication abortion plus as one plane speeds
0:29.7	down a runway to take off another plane makes a wrong turn.
0:42.1	The latest runway near miss under investigation as federal officials try to answer if it is
0:46.6	safe to fly.
0:53.2	Welcome to the lead MJ Tapper and we start today with our money lead and the economic
0:57.2	turmoil rocking global markets moments ago.
1:01.6	Dow closed down almost 277 points over banking fears as did shares of major US banks such as
1:10.3	Wells Fargo and JP Morgan and Chase down now 278 points.
1:14.9	Which were already worried about the health of the banking industry after two US banks
1:19.1	failed within just three days of each other.
1:21.7	That lead credit for Moody's to downgrade its outlook for the entire US banking sector
1:27.7	and those worries skyrocketed today because of troubles facing the global investment company
1:32.2	Credit Suisse.
1:33.5	Credit Suisse's biggest shareholder the Saudi national bank appeared to rule out giving
1:38.0	any more funding to the already imbattled company and that combined with the recent US
1:42.2	banking issues sent stocks falling today.
1:45.1	I want to bring in CNN business reporter Raquel Solomon who else walk us through how all
1:48.9	of this unfolded today.
	...

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