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
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
is it like on the desk there somewhere? no. nope, nope, no. sigh, because i won it during the day and won a grammy that nobody wants to see a performance about so it was like on the earlier part of the day when they do like the smaller grammys kind of yes. you are very nice, lawrence. i was susan and i were on the beer run and driven to a local brewery to pick up some hooch and driving down the massachusetts turnpike when we heard the news streaming on susan s cell phone and it was very surreal. i can imagine. and so, the audience should know that this is not an easy category. you were in the audiobook category. by the way, your director scott also i believe gets a grammy for his role in this, the greatest he deserves them all. he is fantastic, yes. he has directed my audiobooks and of course has gotten so recognition for it because why would he? because they re me. but but, rachel, so here s who else was in the field. you were nominated with. okay? because
because i won it during the day because i won a grammy that nobody wants to see a performance about. so it was like on the earlier part of the day when they do like the smaller grammys kind of yes. you are very nice, lawrence. i was susan and i were on a beer run and we had driven to a local brewery to pick up some hooch and we were driving down the massachusetts turnpike when we heard the news streaming on susan s cell phone and it was very surreal. i can imagine. and so the audience should know that this is not an easy category. you were in the audiobook category. by the way, your director scott also i believe gets a grammy for his role in this, the greatest he deserves them all. he is fantastic, yes. he has directed my audiobooks and of course has gotten so recognition for it because why would he? because they re me. but but, rachel, so here s who else was in the field you were nominated with. okay? because wait. i lost you. oh. rachel has to hear this.