downgrading the outlook for entire banking sector warning of rapid deterioration, my exclusive interview with a senior chairman and former ceo of goldman sachs is next. a russian fighter jet forces an american drone to crash into the black sea, fears growing of escalation as the battle in bakhmut intensifies further, a ukrainian soldier on the front lines is my guest the tonight. and ron desantis does a complete 180, florida governor says backing ukraine is not in america s best interest. it is the opposite of what he said when he was in congress. you will hear for yourself what the kfile found. let s go out front. good evening, i m erin burnett. out front, rapid deterioration those are the words used by the bond credit rating king moody, how they re describing the bank sector in the united states downgrading outlook from american banks to negative. warning of sharply rising deposit costs and go on to say, quote, pressures will persist and be exacerbated by more increases
what the heck is that? those are the bad guys. are they friendly? the 10g network, only from xfinity. one giant leap for mankind. the top of the hour this monday. i m jim sciutto. i m erica hill. this morning the white house is refuting china s claims that they had illegally flown balloons in china airspace ten teams. the white house is calling that allegation flat out false. it is coming on the heels of the u.s. shooting down three unidentified objects over the last week. and it is not known if they have connections to the three others after the shot down surveillance balloon. there is pressure mounting on president biden to explain all of this as one democratic congressman says that people are quote freaked out. the pentagon says that there was no military threat, and despite that military officials across north america are on alert for more of these. we go to natasha bertrand with more on this. and natasha, what are we learning about at the latest objects shot down, an
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
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and the latest on what china is saying about that balloon hovering over the u.s. and president biden is going to speak following a new jobs report that smashed expectations. 517,000 jobs added in january and nearly three times the forecast. we will bring you reaction live. and a life-threatening deep freeze headed to the northeast, and millions are bracing for once-in-a-generation sub-zero temperatures. china is confirming that the balloon floating over to the u.s. is theirs, and it is not a spy balloon as the pentagon says, but it is a civilian airship used for research are the words of the foreign ministry, and it is said to be the size of three buses. china says it accidentally drifted off course. and the sources says that china cannot manually control it, but how did it get there in the first place? the continental u.s. is a big target. yes, what happens next is the big question. the pentagon says it is not a military or physical threat to the people on the ground