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
are in some that were purchased. well, that is disappointing. thank you, elizabeth cohen for following. and now, the biden administration has approved a controversial pipeline drilling project in alaska. not everyone is thrilled about it. bob weir is joining us about this, and now, what exactly is this project and what does it entail? it is entailing three drilling pads in the willow area in what is set aside in the national petroleum reserve. it is what you have seen as the stark arctic b-roll that we have been showing up there which does not show the full environmental special nature here. it was set up in the 20s when
There’s no denying that the world needs more oil in this time of crisis and while Alaska is ready to open its taps, some are warning of potentially devastating environmental consequences