we are playing a portion of the video that the memphis police department played. we need to warn you that it is difficult to watch. i didn t do anything. turn around. all right. all right. don t do that. [screaming] get on the ground. i am on the ground. leighton, lay down. i will tase you. get on the ground. stop, all right, okay. okay. put your hands behind your back. you guys are really doing a lot right now. i am just trying to go home. i am on the ground. lay on your stomach. i am. stop, i am not doing anything. that is when they gave chase. they eventually caught up to hanley. attorney described what happened next. three minutes of unadulterated, unabashed, nonstop beating. it is being compared to the 1991 video of los angeles police officers beating rodney king. you can hear his last words. again, all of the footage is disturbing. watch out. mom! mom! tyre nichols died in the hospital three days later. he was a son, a father to a
good tuesday morning, i m erica hill. and i m jim sciutto. some major news just in on your money. new key inflation data finds that americans overall are paying less for items. still, however, some sticker shock out there. will the fed now pause its ongoing rate hikes? we re also closely watching bank crisis fears following the sudden collapse of two regional banks. markets open soon. we will look at where things stand today. plus, loyalty loss. former president trump taking his first stage in iowa since announcing his third bid for the white house, sharpening his 2024 attacks. why he says he regrets ever endorsing florida governor ron desantis. and state of emergency in parts of new england this morning. a dangerous nor easter slamming the region with heavy snow, coastal flooding, powerful winds possible. boy, looks dangerous. that is one big storm. we do want to begin with your money. banking concerns across the nation, we have priscilla alvarez, lauren fox and chri
pay a roll is the silicon valley bank collapse. this hour, everything that you need to know. forget frenemies, president trump is acting as if governor desantis is his biggest rival, and the new nickname that trump is using on the trail for desantis and the regret he says that he now has. and a powerful nor easter is hitting hundreds of thousands of people with heavy snow and wind as heavy as 60 miles per hour slamming the northeast and you can see it churning there and a lot to get to this hour, and a lot to begin with the latest on the response to the banking fears. cnn business reporter matt egan processing all of the new inflation data which met expectations, and what is the new consensus this morning? well, jim and erica, it is saying that inflation is not gone, but it is cooling off. 6.5% increase in consumer prices over the last six months is not good, but it is triple what is considered healthy, but everything is relative. as you can see on the chart, the tren
west and winter storms out east. and now, rite aid and how the drugstore is being accused of fueling the opioid epidemic. this is what we are watchingt that hour. thank you for being here, i m kate bolduan, and we are beginning with the turmoil, the fallout, and the wild ride that has already been this week since the abrupt collapse of silicon valley bank. and the federal reserve is looking at the oversight of the bank and what went wrong and who missed what. the regional banks are bounce back after confidence of the institutions were shaken yesterday. this is how the stocks are performing right now. that is not all that is shaking up the economic picture this morning. we got the latest read of inflation. the government reporting that inflation fell for the eighth straight month in february. matt egan and john solomon joining us u no. matt egan to you, what are we seeing? we are seeing that the pressure is easing here, and the fact that the regional bank shares fell, an
a u.s. drone is down after colliding with a russian jet. the lead starts right now. russian fighter jets intercept an unmanned u.s. drone, forcing it down over the black sea. how will the u.s. respond? plus, 2024 is clearly on. donald trump makes his first election stop in iowa, in the cycle. he takes aim at his first florida competitive, florida governor ron desantis is not officially in the race yet. but first, protecting your money, multiple investigations reportedly launched into the collapse of silicon valley bank, or cbb, as panicked tweets are partly to blame for banks losing $40 million in a single day. welcome to the lead. i m jake tapper. any moment, president biden is expected to speak in monterey park, california, about efforts to reduce gun violence. he ll also meet with families and victims from one of this year s many, many mass shootings. we ll bring you the president s remarks as soon as they begin. until then, we turn to money lead. markets clo