katy tur. here we are again, another fed meeting and another expected rate hike. we re going to get to the number in just a second. it is expected to be a quarter of a point. we re going to see how the markets react to that because they have been on a relative upswing and we re wondering does that trend continue? we are also watching as you well know, memphis. the funeral for 29-year-old tyre nichols is today. and supposed to begin right about now. weather has been delaying it, so we ll go there as soon as it does start. but again, there is breaking news from the fed. just confirmed, they are raising it, interest rates, by a quarter point. joining me now is nbc news business and data reporter, brian cheung. a quarter point, what can you tell us? the nation s central bank, the steward of the u.s. economy raised interest rates by .25 percentage points in their meeting today, after some encouraging news we had gotten in previous weeks that inflation was coming down. was at 6.5
run. plus, more than 12 million people are facing ice storm warnings as the deep south gets hit with a deep freeze. hundreds of flights cancelled, roads covered with ice. it s made traveling dangerous and it s contributed to at least six deaths. but we begin in memphis where starting an hour from now, the funeral for tyre nichols will attempt to take the focus away from the horrific images of his brutal death, and instead honor his life and the man his mother called a quote, beautiful soul. mourners have begun to arrive right now at mississippi boulevard christian church, less than 20 miles from where the 29-year-old lived and died. his death, the latest rallying cry for a nation sickened by watching the same images play out on police body cameras again and again. the fact that george floyd s brother and breonna taylor s mother will attend today s funeral, underscoring the sad truth that past calls for change have gone unfulfilled. reverend al sharpton was asked earlier t
resolve quickly. i think you will find there is nothing there. i have no regrets. i m following what the lawyers have told me they want me to do. exact will i what we re doing. there is no there there. harris: critics reacting with this. this just in. china and ukraine have no regrets about their access to biden s documents, either. another pointing out the president s totally different reaction to trump s document scandal. the washington post reporting quote, a justice official asked specifically that biden s legal team secure the materials from the penn biden center and refrain from further reviewing them or other relevant documents that might be stored at different locations. did they do that? white house correspondent jacque heinrich live from the north lawn. that s an important question. harris, the president is being investigated for whether or not he took classification laws seriously. the expression of no regrets is giving a lot of fodder to his biggest critics.
gunshot after an overnight manhunt. officials say this 72-year-old man murdered 11, injured nine more. opened fire during lunar new yore celebrations at an asian american dance hall saturday night. we are so surprised. here is safe. i m scared. reporter: this was apparently an old man attacking the middle-aged and older out dancing. but why? we still are not clear on the motive. the investigation continues. reporter: apparently the suspect taught dance here at one point, met his now ex-wife at this very dance hall. they divorced in 2006. she told cnn he could be quick to anger if he missed a dance step, for example. was it an issue of being disgruntled or an issue of domestic violence? we don t know, unfortunately. i was told in the past he was a frequent attendee of this dance hall. reporter: his last known address, a trailer home in a senior community further east in hemet was sevearched. hemet pd came by twice alleging fraud, theft and poison allegations invo
bret: but, first, breaking news tonight. the chairman of the house intelligence committee is describing president biden as a, quote: serial classified document hoarder. that comment from congressman mike turner comes after the fbi seized additional classified documents from the president s delaware home. turmoil over this scandal comments as white house chief of staff john kayleigh mcenany prepares to leave his job at the president s side. a big change in the white house now under peter doocy joins us. we learned tonight when the houses they are fully cooperating they mean with the doj because the white house coucounsel written back to james comer the oversight committee chairman saying they will work to accommodate legitimate oversight interest. they do not say they will work to accommodate all oversight interest. and that s as comer is also hoping for a response from the secret service about biden visitor information. the fbi was invited into the president s home.