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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, th ....
expected to defend the banking system after his government scrambled to prepare emergency measures to bail out silicon valley bank customers. here comes the president coming up to the podium. president biden: before i leave for california, i want to briefly speak about what is happening in silicon valley bank and signature bank. today thanks fought quick action of my administration america will have confidence that the banking system is safe. your deposits will be there when you need them. small businesses across the country that deposit accounts at these banks can breathe easier knowing they can pay their worker and pay their bills. hard working employees can breathe easier as well. last week when we learned of the problems of the banks and the impact they could have on jobs, some small businesses and banking systems overall, i instructed my team to act quickly to protect these interests. they have done that. they have done that. on friday, the government regulator i ....
in coming up. sandra: we anticipate all of that. first this fox news alert. fbi agents have just completed moments ago their search of president biden s vacation home as the doj investigation into the handling of classified documents widens. sandra smith in new york. hello, john. john: hello, sandra. halfway through the week. the search at biden s rehobeth beach home marks the first time fbi has looked at private locations tied to the president. sandra: david spunt has the breaking details. this search just wrapped, david. so, were any classified documents found at the president s beach house? sandra, john, no classified documents found. this is according to the president s personal attorney, bob bauer. the search began this morning at 8:30 in the morning at the rehobeth beach home, wrapped up at noon. three and a half hours, quite the contrast from what we saw just a few weeks ago when we learned on a friday the fbi spent almost 13 hours inside the president s ....
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Are in some that were purchased. well, that is disappointing. thank you, elizabeth cohen for following. and now, the biden administration has approved a controversial pipeline drilling project in alaska. not everyone is thrilled about it. bob weir is joining us about this, and now, what exactly is this project and what does it entail? it is entailing three drilling pads in the willow area in what is set aside in the national petroleum reserve. it is what you have seen as the stark arctic b-roll that we have been showing up there which does not show the full environmental special nature here. it was set up in the 20s when ....