the trump era banking law that loosened the rules, plus how the collapse is turning into another culture war. then, michael cohen testifie in front of a grand jury settling his - refusing to do what it could mean for prosecutors. running mates, turned politica rivals donald trump and mike pence go head to head over january 6th. the wind up to 2024 as the 11t hour gets underway, on thi monday night here we go good evening, once again, i stephanie ruhle. normally i start this progra giving you an overview of th most important stories of th day. but tonight, there s only on story. it is all about banking, money government, and politics it is exactly what we cove here every night joining me to dig into all o it, my nbc colleagues, jak ward, shannon petty. former wall street banke turned journalist, my friend bill cohen,. before we get into it, let s remind our audience of how w got there. silicon valley bank i, the preeminent bank in the valle for tech it s where all the start o
good afternoon, i m erica hill. we begin with these stunning announcements for many people. alec baldwin set to face two counts of involuntary manslaughter for the 2021 fatal shooting on the set of his film rust, cinematographer halyna hutchins was, of course, killed. the set s armorer hannah gutierrez-reed also facing those involuntary manslaughter charges. the new mexico d.a. in announcing the charges noting that, quote, no one is above the law. cnn s josh campbell is live in santa fe, cnn entertainment reporter chloe melas and jennifer rodgers joining me in new york. josh, let s start with you. you spoke a short time ago with the d.a. what more did you learn about the charges and evidence? yeah, district attorney mary carmack-altwies told me this didn t come to one single piece of evidence and know that based on the state investigation that cinematographer halyna hutchins was killed by a round fired from the pistol that alec baldwin was holding but the d.a. saying that
james says the investigation uncovered some 200 examples of false valuations of trump s assets. she thinks this civil case will have serious criminal fallout. we show that they violated several state criminal laws, including falsifying business records, issuing false financial statements, insurance fraud, and engaging in a conspiracy to commit each of these state law violations. we believe the conduct alleged in this action also violates federal criminal law. cnn s kara scannell was at that press conference and joins us now. lay out the key pieces of this suit, some 280 pages long. reporter: yeah, ana. the new york attorney general, letitia james, just completed her press conference a short time ago. she described a sweeping scheme. she says that the trump organization, including former president donald trump, his adult children donald trump jr., ivanka trump and eric trump were all engaged in this. she said that they helped the former president enrich his personal net
effect there, and although a driving ban has now been lifted, local officials are urging people to stay off the roads, unless they absolutely have to. i m asking people to still be cautious, and if you don t need to drive, please don t. and the winter travel nightmare continues for thousands of americans still stranded in airports across the country. almost every airline in the nation has bounced back from the storm, except southwest airlines. at this hour, southwest has canceled almost 60% of its flights for today. now, giving a new update this afternoon, on when they plan to be running normally again. we re live from l.a.x. with the latest. and the january 6th committee just dropped another batch of interview and deposition transcripts, among them some of the biggest names from trump world, including don jr., kimberly gulfoyle and steven miller. what we re learning from them, coming up. we begin with the chaos still unfolding in airports across the country. with tho
historic inflation. the decision will likely produce ripple effects on your personal finances and the economy in the months to come. cnn s matthew gin et joins us. we ve been awaiting this decision, what has the fed said? 75 basis points, the fed just delivered another massive interest rate hike, designed to put this inflation fire out. that means higher borrowing costs. this is the fourth straight interest rate hikes. this is historic. we ve never seen drastic actions like this under janet yellen. we never saw this from ben bernanke, or even alan greenspan. you have to go back to the early 80s under paul volcker. i think this says how stubborn the inflation has been. the fed s statement, which is watched very closely, is basically identical to last month, except for one key part. the fed reiterated that ongoing interest rate hikes are likely to be appropriate, but they added that this is going to be the case in order to get policy restrictive enough to get inflation down