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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 th...

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....

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. ...

or if you are or plan to become pregnant. kesimpta may cause a decrease in some types of antibodies. the most common side effects are upper respiratory tract infection, headache, and injection reactions. when i'm ready, i spend less than 1 minute a month taking kesimpta. how i spend the rest of my time is up to me. ask your doctor about treating rms with kesimpta. when it comes to reducing sugar in your family's diet, the more choices, the better. that's why america's beverage companies are working together to deliver more great tasting options with less sugar or no sugar at all. in ...

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 th...