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new reports of deaths and buildings collapsing. the catholic bishop fatally shot in los angeles. there is word tonight of an arrest. what police are saying. the cross-country winter storm on the move with heavy snow and freezing rain. we re tracking it. the massive explosion in ohio just about 70 miles from the site of that toxic train derailment. what we re learning about injuries. former president jimmy carter in hospice care at his home. the tributes pouring in tonight. the big legal win for alec baldwin in the deadly rust shooting case. and the marine veteran who used his battlefield skills to reunite a girl and her beloved dog. announcer: this is nbc nightly news with lester holt. good evening and thank you for joining us. we have seen american presidents quietly slipping into war zones before, but never quite like what we saw today. americans waking up to news that president biden had arrived in the ukrainian capital of kyiv on an unannounced v ....
one of the best defenses in the country. of course we would be remiss if we didn t mention how most teams would love a trip to the sugar bowl but the alabama crimson tide not one of them. they lost two games this season by a combined four points both on the last play of the game against texnnessee and lsu, so they miss the playoffs. they ll face kansas state tomorrow, some of the georgia fans in our sports department told me to remind you you can t spell sugar bowl without uga. i apologize for that. i ve been to the sugar bowl more times than i can count on two hands. spent a lot of time in new orleans in college. she was so annoyed we were doing the sugar bowl situation in the show. i ll be watching tomorrow. we kickoff at noon, it s fine. actually love nick saban said yesterday this has been one of the most enjoyable nonplayoff bowl preps they have had. that s one way to see it. yeah. coy wire, we ll be watching. roll tide. thank you so much. all right. ....
and being the saudis now starting up this, you know, tournament of their own, and this sports washing that they re doing, trying to buy respect on the world stage, trying to improve their image, just be truthful, you know, just work with the truth instead of hiding behind lies. that s how you gain respect. you can t buy it. you have to earn it. terry, wonderful to have you this morning. thank you so much for speaking with us. thank you for having me. and new day continues right now. welcome to our viewers in the united states and all around the world. it is wednesday, june 15th. i m john berman with brianna keilar. and new this morning, president biden taking on big oil, demanding immediate action from seven major oil companies to boost supplies. in a letter to the companies, he slams their high profit margins, and insists they are not acceptable when americans are paying record prices at the pump. the president blames the oil companies for blunting the impa ....
nearly three decades. all, of course, in an effort to slow slowing inflation. in hours, the fed expected to announce raising rates by 0.75. that will make it more expensive to pay for things like a mortgage. the biden administration under growing pressure to do more to avoid a recession. retail sales fell last month. consumers feeling the squeeze from the record high gas prices, inflation and already rising interest rates. let s begin our coverage with cnn s matt egan live in washington taking a closer look at the fed s big move expected today, matt. reporter: erica, this is shaping up to be an historic day for the american economy. in just under three hours, the federal reserve is expected to take aggressive action to try to tame inflation. prices surging so rapidly that economists and investors now expect the fed to raise interest rates by 0.75%. this is a big deal. some context, just six months ago or so, there was a debate over whether or not the fed would raise i ....
the prices down. first, what more can we expect with this decision from from the fed next hour? bottom line what does it mean for american families? reporter: i think hearing from powell will be highly scrutinized. i think economic projections. we will hear how fed officials are feeling about the state of our economy, not just right now but also for years to come in terms of things like gdp growth, inflation for sure. also unemployment, the battle of the bar here for short is interest rates. if you take a look at interest rates over the last few years, you can see they were pretty much at zero during the pandemic as the federal reserve tried to encourage borrowing and spending. now rates are on the way up. the first hike was in march. then we saw rate hikes last may, last month. we know they are on their way up. i think what s parent to know is there is wide consensus there is much more ram to go in terms of where we see notes go. we put out a note yesterday ultimatel ....