CNN
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The recent string of bank failures in the US has left many people wondering if banks are the safest place to put their money. But before you start stuffing your mattress with $20 bills, here is everything you should know if your bank becomes the next domino to fall.
And here’s what else you need to know to Start Your Week Smart.
• Eight people were killed and at least seven others wounded when a gunman opened fire at an outlet mall near Dallas on Saturday. The gunman was killed by an Allen Police Department officer who was at the mall on an unrelated call, authorities said. Investigators believe the shooter acted alone.
• Britain’s King Charles III was crowned on Saturday in a once-in-a-generation royal event witnessed by hundreds of high-profile guests inside Westminster Abbey, as well as tens of thousands of well-wishers who gathered in central London despite the rain.
• A Russian military blogger has been injured and his driver killed after their car was blown up Saturday, Russian state media reported, the latest attack on a pro-war figure.
• Ethnic violence in the Indian state of Manipur has killed more than 50 people, left hundreds hospitalized, and displaced 23,000, according to hospital officials and the Indian army.
• Mage won the 149th Kentucky Derby at Churchill Downs in Louisville, Kentucky, on Saturday. The 3-year-old chestnut colt edged out Two Phil’s, who crossed the line to finish in second place, and Angel of Empire finished third.
Monday
Amid renewed scrutiny of the banking industry, the Federal Reserve will release a key survey of lending activity in the first quarter — essentially a snapshot of both the demand from businesses and households for loans, and the changes in terms and standards by the banks that make those loans. We got a preview of the survey last week via a letter from an advisory group at the Treasury Department which said the survey showed “lending conditions were tightening before the banking stress emerged.” Bottom line: getting a loan is not that easy anymore.
Tuesday
President Joe Biden is expected to meet with House Speaker Kevin McCarthy and other congressional leaders to discuss raising the debt ceiling, setting the stage for a high-stakes moment in the standoff between the president and House Republicans. Biden’s invitation came after Treasury Secretary Janet Yellen notified lawmakers last week that the US could default on its debt as early as June 1 if Congress does not raise or suspend the debt limit before that time. Biden has not met with McCarthy since February.
Wednesday
We’ll get the latest monthly reading on inflation with the release of the Consumer Price Index for April. Prices dropped for the ninth consecutive month in March, and grocery prices fell on a monthly basis for the first time since September 2020. The report comes on the heels of the Fed’s decision last week to once again raise interest rates to fight inflation.
Thursday
Title 42, the Trump-era policy that allowed the government to quickly turn away certain migrants at the border during the Covid-19 pandemic, is set to expire. Encounters between US border agents and undocumented immigrants had fallen early this year, but have recently increased to around 7,000 per day. That number is expected to rise dramatically this week as border towns in northern Mexico are already bursting with an estimated 36,000 migrants waiting for the end of Title 42.
May 11 is also the day the Covid-19 national and public health emergencies end in the US, which means many Americans could have to start paying for Covid-19 testing and treatment after the declarations cease.
Friday
May 12 is International Nurses Day, and also the birthday of Florence Nightingale, who is considered the founder of modern nursing. This comes as a survey of nurses released last week shows many are thinking about leaving the profession due to a substantial decline in work satisfaction and a significant increase in stress levels brought on by the Covid-19 pandemic.
One Thing: Busy at the border
In this week’s “One Thing” podcast, CNN’s Rosa Flores checks in from El Paso, Texas, where migrants are already arriving ahead of the expiration of Title 42 later this week. We explore how the Biden administration is preparing for the policy shift and why the impacts could be felt well beyond the US-Mexico border. Listen for more.
See the best red-carpet looks.” class=”image_gallery-image__dam-img image_gallery-image__dam-img–loading” onload=’this.classList.remove(‘image_gallery-image__dam-img–loading’)’ height=”2001″ width=”3000″/>
exploding near the dome of the Kremlin in Moscow on Wednesday, May 3. Russia claimed Ukraine launched a drone strike in an attempt to kill Russian President Vladimir Putin, who was not in the building at the time, according to Kremlin spokesman Dmitry Peskov. The extraordinary allegation was met with forceful denials in Kyiv.” class=”image_gallery-image__dam-img image_gallery-image__dam-img–loading” onload=’this.classList.remove(‘image_gallery-image__dam-img–loading’)’ height=”1440″ width=”2542″/>
fierce fighting has left hundreds dead and thousands injured, according to the World Health Organization.” class=”image_gallery-image__dam-img image_gallery-image__dam-img–loading” onload=’this.classList.remove(‘image_gallery-image__dam-img–loading’)’ height=”2000″ width=”3000″/>
Russian missile strike in Uman, Ukraine, on Friday, April 28. At least 23 people were killed.” class=”image_gallery-image__dam-img image_gallery-image__dam-img–loading” onload=’this.classList.remove(‘image_gallery-image__dam-img–loading’)’ height=”2000″ width=”3000″/>
mass shooting took place there earlier on Wednesday, May 3. A 13-year-old student at the school opened fire, officials said, killing eight children and a security guard and seriously injuring several other people.” class=”image_gallery-image__dam-img image_gallery-image__dam-img–loading” onload=’this.classList.remove(‘image_gallery-image__dam-img–loading’)’ height=”2066″ width=”3000″/>
The suspected gunman was caught on Tuesday after a dayslong manhunt.” class=”image_gallery-image__dam-img image_gallery-image__dam-img–loading” onload=’this.classList.remove(‘image_gallery-image__dam-img–loading’)’ height=”2000″ width=”3000″/>
war-torn Sudan on Sunday, April 30.” class=”image_gallery-image__dam-img image_gallery-image__dam-img–loading” onload=’this.classList.remove(‘image_gallery-image__dam-img–loading’)’ height=”2000″ width=”3000″/>
the coronation of King Charles III.” class=”image_gallery-image__dam-img image_gallery-image__dam-img–loading” onload=’this.classList.remove(‘image_gallery-image__dam-img–loading’)’ height=”2000″ width=”3000″/>
went on strike for the first time since 2007. The strike brought an immediate halt to the production of some television shows.” class=”image_gallery-image__dam-img image_gallery-image__dam-img–loading” onload=’this.classList.remove(‘image_gallery-image__dam-img–loading’)’ height=”2000″ width=”3000″/>
Clashes erupted in the French capital on the traditional day of union-led marches, and a building caught fire at Place de la Nation as Paris turned into a pitched battle between protesters and riot police.” class=”image_gallery-image__dam-img image_gallery-image__dam-img–loading” onload=’this.classList.remove(‘image_gallery-image__dam-img–loading’)’ height=”2000″ width=”3000″/>
dressed as Choupette, the beloved cat of the late fashion designer Karl Lagerfeld.” class=”image_gallery-image__dam-img image_gallery-image__dam-img–loading” onload=’this.classList.remove(‘image_gallery-image__dam-img–loading’)’ height=”2001″ width=”3000″/>
did not infringe on the copyright of the classic Marvin Gaye song “Let’s Get It On.” Sheeran said he is “obviously very happy with the outcome of the case,” adding “it looks like I’m not having to retire from my day job after all.”” class=”image_gallery-image__dam-img image_gallery-image__dam-img–loading” onload=’this.classList.remove(‘image_gallery-image__dam-img–loading’)’ height=”2000″ width=”3000″/>
according to the Associated Press.” class=”image_gallery-image__dam-img image_gallery-image__dam-img–loading” onload=’this.classList.remove(‘image_gallery-image__dam-img–loading’)’ height=”2000″ width=”3000″/>
recent deaths of four horses there as “unacceptable” and “troubling.” Four horses have died in separate incidents within a five-day stretch.” class=”image_gallery-image__dam-img image_gallery-image__dam-img–loading” onload=’this.classList.remove(‘image_gallery-image__dam-img–loading’)’ height=”2000″ width=”3000″/>
“Star Wars Day” is celebrated on May 4, a nod to one of the movie’s catchphrases: “May the Force be with you.”” class=”image_gallery-image__dam-img image_gallery-image__dam-img–loading” onload=’this.classList.remove(‘image_gallery-image__dam-img–loading’)’ height=”2003″ width=”3000″/>
Most Valuable Player for his play during the regular season.” class=”image_gallery-image__dam-img image_gallery-image__dam-img–loading” onload=’this.classList.remove(‘image_gallery-image__dam-img–loading’)’ height=”2000″ width=”3000″/>
channels Choupette, Karl Lagerfeld’s cat, at the Met Gala in New York on Monday, May 1.” class=”image_gallery-image__dam-img image_gallery-image__dam-img–loading” onload=’this.classList.remove(‘image_gallery-image__dam-img–loading’)’ height=”2003″ width=”3000″/>
See last week in 33 photos.” class=”image_gallery-image__dam-img image_gallery-image__dam-img–loading” onload=’this.classList.remove(‘image_gallery-image__dam-img–loading’)’ height=”2000″ width=”3000″/>
The week in 34 photos
Check out more images from the week that was, curated by CNN Photos.
TV and streaming
The MTV Movie and TV Awards are scheduled to air live tonight at 8 p.m. ET, but the show will be “going hostless” after Drew Barrymore said last week that she is standing in solidarity with striking members of the Writers Guild of America and stepped down as host. The MTV Movie & TV Awards is the latest television event to be affected by the strike. Late-night shows began turning to repeats last week as their writers joined the picket lines.
The Academy of Country Music Awards will air live on Thursday at 7 p.m. ET on Amazon Prime Video and the Amazon Music Channel on Twitch. Country music legends Dolly Parton and Garth Brooks will host the show.
“Still: A Michael J. Fox Movie” debuts Friday on Apple TV+. The film incorporates documentary, archival and scripted elements to recount Fox’s story in his own words — from his rise to stardom in 1980s Hollywood through the years that followed his diagnosis with Parkinson’s disease at age 29.
In theaters
“Book Club: The Next Chapter” arrives on the big screen Friday. The sequel to 2018’s “Book Club” features Jane Fonda, Diane Keaton, Candice Bergen and Mary Steenburgen reprising their roles and centers around an impromptu bachelorette getaway to Italy. Andy Garcia, Don Johnson and Craig T. Nelson are also back for the ride.
If you can make a movie about the origins of Tetris, you can make a movie about the “BlackBerry” — the once ubiquitous accessory of corporate executives. The movie, which opens Friday, chronicles the rise and fall of the device that earned the nickname “CrackBerry” and the company that brought it to market in the late 1990s.
Music
Beyoncé kicks off her “Renaissance World Tour” in Stockholm, Sweden, on Wednesday, and the Grand Final of the 2023 Eurovision Song Contest will take place on Saturday.
At a glance …
The 147th annual Westminster Kennel Club Dog Show — the second-oldest continuous sporting event in the US after the Kentucky Derby — begins Monday at the USTA Billie Jean King National Tennis Center in Queens, New York. Best in Show will be awarded Tuesday night.
For more of your favorite sports, head on over to Bleacher Report, which — like CNN — is owned by Warner Bros. Discovery.
Looking for a challenge? Take CNN’s weekly news quiz to see how much you remember from the week that was! So far, 45% of fellow quiz fans have gotten eight or more questions right. How will you fare?
‘Sundown’
Canadian singer-songwriter Gordon Lightfoot passed away last week at the age of 84, and if you grew up listening to AM radio in your family’s station wagon, you’ll remember this song. (Click here to view)
