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things to know with this tuesday, march 14th. all eyes will stay on wall street where they have been locked as the race is on to avoid the collapse of other regional u.s. banks. several have been suffering steep stock drops on monday, even as the government came out, president biden himself, trying to calm nerves of financial support. all this turmoil is coming as the fed is awaiting a highly-anticipated inflation report that we re expected to get this morning. no relief. what is going on? dualing storms set to pound the east and the west coast, both coasts, nor easter forecast to bring heavy rain, wind, snow to millions in the northeast. california bracing for yet another round of severe flooding. also this, governor ron desantis breaking from many in his own party on the war in ukraine. likely presidential candidate told fox news that protecting ukraine is not vital to u.s. interests. instead, he called it is a distraction to bigger challenges here at home. also ....
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 an ....
could be called catastrophic conditions there. we ve never seen storm surge like the kind that is predicted in this area of florida. they re expecting surges up to 15 feet, the height in the past was four feet. so they re trying to shut it all down right now. that s what you re looking at on the right-hand side. airports closing, schools closing, waterways. ever battening down the hatches ahead of what is termed a 100-year storm. so most people by far have not witnessed anything like this who are living in florida right now, this is the stunning space image for you the space station. gives you a sense of how mammoth this area that is affected is, that is ready to lit florida. max gordon is live in st. petersburg on the ground in one of those areas that is expected to see some of this devastation. i can see just a little wind picking up there now as you get ready for this. hi, max. hey, good afternoon. mandatory evacuations are in place in pinellas county. folks in eva ....
handful of battle grounds. ohio, georgia, pennsylvania. the republicans who are trying to flip control of the senate say they see opportunities in some races that have not been getting as much attention. i think we clearly pick up georgia, clearly pick up nevada and a good chance in new hampshire. we have a really good chance in arizona. and joe day is behind. and levy is behind five points. depends on the night. i think we ll have a great night. the closing argument for democrats is all about republicans. warning if congress clips, social security and medicare benefits are in danger. the republicans say they want to undo the inflation reduction act even though they ll need biden s signature to do that. there s a new abc poll that shows 38% of voters will trust the gop more with handling inflation as 21% say they truth democrats. the president himself has had really limited exposure to the campaign trail lately. the only battle ground on the schedule this week is pe ....
next prime minister, this was a chance to hear a bit more from the labour leader. as you said, very early on in the programme he was asked about his position on strikes. that has been a source of tension within the labour party within recent weeks is whether or not labour should be standing full square behind strikers joining picket lines and saying, this is right, we back striking workers. on theissue right, we back striking workers. on the issue on whether or not to join picket lines, sir keirjoined the party stands that they don t do that, but he defended it by saying the leader of the opposition has a different role to the leader of trade unions, it is up to the leader of opposition to try to get the labour party into government. that, i think, is also the way that we should look at everything we have heard in the last 45 minutes. if you think about where sir keir starmer is trying to position the party, so we know for example on things like the cost of living, sing ....