just ahead russia is saying ukraine sent two drones to kill president vladimir putin. we don t attack putin or moscow. we re strongly committed to bringing inflation back down to the 2% goal. a growing chorus of voices urging the fed to pause with the rate hikes. this investigation is significant and also a reminder that they are not just looking into how the materials are handled but they are also closely examining whether anyone tried to get in the way of having all the evidence. live from london, this is cnn newsroom with max foster and bianca nobilo. it is thursday, may 4. and russia appears to be retaliating for a drone strike on the kremlin. ukraine denies it had anything to do with the attack which moscow calls an assassination attempt on president due con putin. two drones flew above the kremlin early wednesday but there is not evidence that ukraine because behind the attack. drones shot down over ukraine today have the words for the kremlin and mosc
flattened. hundreds of thousands are without power and our derek van damme standing by in the hard hit town in arkansas, with the latest former president trump will appear in court tuesday after being indicted by a manhattan grand jury. what we know about the charges he s facing and how we expect that court appearance to play out there s some much needed good news when it comes to the economy. the trends that show inflation may be moving in the right direction. undefeated season comes to an end and one team mounts an epic comeback haywire, standing by live in houston with the highlights. we re starting, though, with the severe weather ripping through the middle part of the country. this was the scene across seven states friday afternoon. at least five people are dead. dozens more injured, there were over 50 sightings of tornadoes, including 22 in illinois, 12 in arkansas, eight in iowa and illinois. 200 people were inside the apollo theater in belvedere when the roof collapse
in what is being viewed in come circles as a sign that eurozone borrowing costs may soon reach their peak. the move mirrors the us federal reserve s quarter point rate rise on wednesday. central banks on both sides of the atlantic have dramatically raised rates since last year in response to a surge in inflation. professor christian de boissieu is emeritus professor of economics at the sorbonne university in paris. the lending service from the bank suggest that a credit crunch is looming. does that suggest to you that the era of credit cycle tightening has come to an end? i would first say that this credit cycle is not over yet. it is true that it cycle is not over yet. it is true thatitis cycle is not over yet. it is true that it is becoming more and more difficult for people to borrow, given the rising borrowing rates but if you take the example of the eurozone, i expect further increases in key rates before the fall. the cost of borrowing will continue to increase, there c
a move that was expected. the cost of borrowing is now at its highest in 16 years, but is the fed finally done with rate hikes? the bbc s samir hussein reports from new york. inflation remain steadily high. to try and get the cost of living back down to more normal levels the federal reserve, america s central bank, has raised interest rates ten times in a little over a year, and now it seems it may be ready to perhaps take a pause. the committee will take into account the cumulative tightening of monetary policy, the legs with which it lacks inflation and economic and financial developments. we will make that determination meeting by meeting. the rate rises have slowed economic growth in the united states by making it more expensive to borrow money and inflation is starting to come down, but they have been some unexpected knock on effects of the rate hikes. they played a part in the banking crisis, where three banks collapsed in less than two months. so far, the fed has been
you re back live in the cnn newsroom. i m jim acosta in washington. we begin the hour with the manhunt that continues for this man. 38-year-old francisco oropeza has been the focus of a desperate manhunt since friday night. that s when neighbors asked him to stop firing his rifle in the front yard because they were trying to get a baby to go to sleep. police say oropeza then entered their home and began shooting. an 8-year-old boy was among the five neighbors slaughtered, almost execution-style. that according to the sheriff in that area. cnn s ed lavendera is in cleveland, texas, for us. ed, i know you re on the scene of a vigil that just took place a short time ago for the little 8-year-old who was killed in all of this. and it s just, just underlines once again what we re dealing with in this country. just another awful tragedy stemming from mass gun violence. well, jim, even more troubling and disturbing, after just a short moment ago, we were able to speak with wilso