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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. ...

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 bus...

hello and welcome to "inside politics." i'm john king in washington. thank you for sharing another very busy news day with us. on notice, six more lenders get put on a watch list following the bank intervengs. new inflation numbers today make the challenge even more complicated. the inflation playbook says raise them again. plus the anterior of reagan no more. gop presidential hopeful ron desantis says russia's assault on ukraine and its democracy is not a vital u.s. interest. it's a flip tlop for the governor that puts him in sync with today's gop. and blame mike pence. donald tru...

hello. we'll have much more on our breaking news here in just a moment. a russian jet striking a u.s. drone over international waters in the black sea. first, though, today, a collective sigh of relief after the latest inflation numbers and a market rally have the u.s. stepping back from the brink of economic disaster. inflation has cooled for the eighth straight month with the consumer price index at a level we haven't seen since september of 2021. that doesn't mean the prices are back to normal. any trip to the grocery store makes that very clear. but overall they are trending in t...

i'm bianna golodryga, welcome to "cnn newsroom." >> i'm john berman. we begin with breaking news. a russian fighter jet has forced down a u.s. drone over the black sea. the u.s. air force says the jet damaged the propeller of an mq-9 reaper drone. >> the aircrafts were operating over international waters when one of the jets intentionally flew in front of the drone and began dumping fuel. the white house says president biden has been briefed on the situation. cnn's oren liebermann is at the pentagon. we also have mark kimmitt. what are you learning? >> this played out early this morn...