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
racing to protect the flooded town where thousands had to evacuate plus, president biden hours away to sign an order reducing gun violence we will talk to brandon tsay, the man that disarmed the gunman former president trump in iowa tears into florida governor, ron desantis we will play for you what he had to say we begin this hour with breaking news. the wall street journal now reporting that the justice department and the sec are now both investigating the collapse of silicon valley bank according to people familiar with this story. nbc news has not confirmed the report at this time. meanwhile, new data we just got in hours ago show that inflation increased 0.4 of a percent last night, and prices for key essentials are high. milk, eggs, butter, chicken and coffee cost more today than they did last year. the report coming one day after the government took emergency steps to prevent a major banking meltdown after the collapse of these two major banks. president biden
the financial crisis, there were investors and owners of systemic large banks that were bailed out, and we re certainly not looking at the reforms that we put in place means that we re not going to do that again, but we are concerned about depositors and we re focused trying to meet their needs treasury secretary janet yellen commenting on one aspect of the biggest bank collapse since 2008 we ll break down what s happening with silicon bank in just a moment. plus, we ll bring you mining pence s strongest criticism yet of former president donald trump. those comments came off camera we ll have them for you. and my new reporting on the growing differences behind the scenes between washington and kyiv and the growing of the war and how and when the conflict may end. good morning and welcome to weathe way too early on this monday i m jonathan lemire. president joe biden will address the nation following the second largest bank failure new state history. at 9:00 this morni
player and what authorities believe might have happened. the severe storms as we come on the air tonight. the system sweeping its way east. tornado watches in effect across multiple states. a twister hitting a school. and tonight, the national weather service already warning about something else. in the west, the next system set to hit tomorrow. after deadly flooding already. ginger zee standing by to time all of this out. tonight, the stunning new images. officers approaching the car. the suspect charged with murdering four college students in idaho. how this played out. and tonight, what the suspect is now saying. kayna whitworth reporting. surrounded by scandal, one of the newest members of congress arriving on capitol hill today, sitting alone in the house chamber. republican congressman george santos, his alleged lies. and tonight, there is news that brazilian authorities have reopened their investigation involving santos. the images coming in tonight from vatica
players in tears, the stadium falling silent. tonight, we have news on the player and what authorities believe might have happened. the severe storms as we come on the air tonight. the system sweeping its way east. tornado watches in effect across multiple states. a twister hitting a school. and tonight, the national weather service already warning about something else. in the west, the next system set to hit tomorrow. after deadly flooding already. ginger zee standing by to time all of this out. tonight, the stunning new images. officers approaching the car. the suspect charged with murdering four college students in idaho. how this played out. and tonight, what the suspect is now saying. kayna whitworth reporting. surrounded by scandal, one cong arriving on capitol hill today, sitting alone in the house chamber. republican congressman george santos, his alleged lies. and tonight, this is news that brazilian authorities have reopened their investigation involving santo