♪ ♪ right now on "america this morning," your money. a crucial decision today that could affect everything from your 401(k) to the prices we pay in stores. breaking overnight, gun crackdown. a major city becomes the first in the country voting to force gun owners to carry a certain kind of insurance. storm watch, the major winter storm that could impact the biggest cities of the northeast just in time for the weekend. plus, the frigid air gripping the midwest. just how low the temps will go. the baseball hall of fame controversy. what happens now to roger clemens, barry bonds and sammy sosa? will they ever get the chance to be called hall-of-famers? citizen's arrest. the former track athlete helping police nab a suspect. and from the glitch that allowed shoppers to buy some

very expensive handbags for free online to something new people are doing with their cats, all the trending stories for this wednesday, january 26th. good wednesday morning, everyone. we begin with your money and a crucial decision today that the markets will be watching closely. >> wall street has been on a roller coaster lately with wild swings up and down because of to tayheed rer isupply peed to take action. this morning, a major change likely to come to your money. the federal reserve is expected to announce it's raising interest rates for the first time in three years in response to soaring inflation and an overheated economy. >> let's not get too nervous. rates are still historically low and near 0% but it could be

enough to rattle investors and consumers. >> reporter: the rate hike would come as soon as march and some economists say the fed is moving too late to fight inflation. others say there is a risk the fed could act too aggressively. >> while that will eventually stabilize prices, for consumers it increases the cost of borrowing and makes it less desirable to buy risky things like stocks for people here on wall street and that has led to this volatile market we've seen recently. >> reporter: overnight, stock futures were up slightly after another volatile day on wall street. the dow plunging 800 points at one point. >> it's the degree of sensitivity that market participants have to what is going to be the new rate environment and the new, you know, liquidity problem. when you're d shortages of semiconductors isn't the best way to address those kind of issues.

>> reporter: across the country semiconductors is now alarmingly low according to a commerce department survey. it found companies using the computer chips are down to fewer than five days of inventory, a sharp drop from the 40 days of inventory that were typical in 2019. the auto industry has been hit hard by the chip shortage, but today tesla is expected to report record profits as electric cars become more mainstream. general motors tuesday announcing the single largest investment in the company's history, it's pouring nearly $7 billion into electric car and battery production at sites in michigan. as for interest rates some predict the fed could raise them as many as four times to curb inflation. a boat capsized off the coast of florida. another man was seen clinging to an overturned vessel 45 miles from ft. pearce. he says 39 other people were on board when they hit bad weather after leaving the bahamas. authorities believe the boat was involved in human smuggling.

breaking overnight, san jose, california, has voted to require gun owners to carry liability insurance believed to be the first such requirement in the country and comes amid a wave of gun violence. opponents argue the measure violates the second amendment. the city council voted to require they pay a fee for gun safety education and other services. we turn now to the conflict with russia. president biden says u.s. troops could be moved to europe in the near term in case russia invades ukraine. the u.s. is also exploring other sources of natural gas for eastern europe in case russia cuts off supplies. abc's em nguyen is here with the latest. em, good morning. >> reporter: good morning, andrew. the u.s. is sending a clear message the nato alliance is united in its response to russia's aggression with state department officials saying now is not the time for panic but rather for preparation. fearful of a russian invasion into ukraine, the u.s. and nato allies are ramping up efforts for a diplomatic solution.

today france will hold a high-level meeting aiming to ease tensions between the two countries, but president biden warning the 8,500 u.s. troops on standby to europe may be deployed sooner than later. >> we have no intention of putting american forces or nato forces in ukraine, but as i said there are going to be serious economic consequences if he moves. also warning the u.s. may personally sanction russia's president putin himself if russia invades on top of other sanctions. >> if he were to move in with that would change the world. >> reporter: stepping up military support for ukraine. our ian pannell is on the ground as more american anti-tank and bunker busting missiles arrive in kyiv. >> this is the latest delivery of u.s. supplied weapons and ammunition to the ukrainian government. it's meant to send a signal of support to the people of ukraine but also a message of deterrence to the kremlin. >> reporter: the acting u.s.

ambassador confirming that support. >> the ukrainians are ready and capable of defending their country and we will be there to help them. we don't think ukraine should have to live with a loaded gun to its head. >> reporter: but the kremlin insisting they won't attack even as more than 100,000 troops are gathered near the border. these new images show the russian military conducting drills across the region. the u.s. is finalizing plans to help europe with natural gas should russia cut off supply amid current tensions. president biden will hold talks with qatar on monday in an effort to send some of that nation's vast supply of gas to europe. andrew. >> em, thank you. turning to the pandemic, covid hospitalizations in the u.s. are down 8% in the last week. the biden administration has now withdrawn its vaccine or test mandate for large companies after the supreme court blocked the rule. meanwhile, legal battles over mask mandates are now raging in several states. authorities in los angeles say everyone attending the super bowl next month will be given

a kn-95 mask. they're be asked to keep the mask on except when they're eating or drinking. a hospital in boston has denied a heart transplant to a man who is unvaccinated. medical experts say the hospital's decision comes down to the likelihood of the transplant's success. >> a cold could kill you. covid could kill you. the organs are scarce. we're not going to distribute them to someone who has a very poor chance of living when others who are vaccinated have a much better chance post surgery of surviving. >> the hospital says it does everything possible to make sure organs go to patients with the best odds of survival. house speaker nancy pelosi is running for re-election seeking a 19th term. pelosi is 81. no word yet if she will try to keep her position as speaker if democrats hold on to control of the house. big news for high school students, the s.a.t. is about to get a major overhaul. you won't be hearing pencils down for much longer.

a big change is coming to the exam once deemed essential for college admissions, the s.a.t. is moving away from paper and pencil and going online. >> fewer students are taking the test so they're trying to adapt to that. >> reporter: test takers will be allowed to use their own laptops or tablets but will still have to take the test at a monitored location or in school. the digital s.a.t. will be shorter, two hours instead of three. >> one plus one always equals two, so part of the adjustment will be getting students more familiar with how to navigate the test on a computer, but at the same time, the content is going to be important so they have to know that first and foremost. >> reporter: the tests criticized for bias saying they disadvantage minority and low income students. the college board which administers the test says the ne s.a.t. will cover a wider range of topics saying it will be easier to take, easier to give and more relevant. the changes come after more colleges and universities made the test optional for admission. a recent survey finding nearly 80% no longer require

standardized test scores from students. the digital s.a.t. rolls out in 2024. turning to the weather, a major storm could hit the east coast this weekend so a closer look at your forecast. good morning. a very cold wednesday morning for you in the midwest, below zero in the windy city. bundle up at the bus stop. we go to the east coast where a coastal storm is looking more an lelyd. stnd give more than a foot of snow in the major cities of the northeast and plowable snow in the interior. a lot of wind with the storm as well. we could see airport closures and road closures, the worst conditions in southeast new england. i'm accuweather meteorologist kevin coskren. coming up, stressed out. the new way some frustrated moms are blowing off steam. also ahead, caught on camera, the dramatic moment a police officer tries to save a

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because just one dose can help protect me from pneumococcal pneumonia. ask your doctor or pharmacist about getting vaccinated with prevnar 20 today. no, it's not a horror movie. that's a collective scream from a group of moms in boston, releasing nearly two years of frustration built up during the pandemic. the overwhelmed mothers say they were stressed, exhausted, so they decided to let it out all in unison on a local football field. >> i just cry into a pillow myself. apple has obtained a restraining order against a woman accused of stalking ceo tim cook. she's accused of harassing cook for years, sending him pictures of guns and even turning up at his home twice.

near houston, texas, a good samaritan put his high school track skills to use to catch an alleged thief. the man ran down the suspect who police say had been driving a stolen truck and held him until police got there. a police officer in los angeles is being hailed a hero for a dramatic rescue that was all caught on camera. here's abc's andrea fujii. >> please! >> reporter: this morning for the first time, we're hearing from the hero police sergeant who saved a choking toddler. >> she looked pretty blue to me at the time and slumped over her dad. >> reporter: body camera video shows the harrowing moments in los angeles last week. >> please, please, please! >> reporter: when a distressed father ran to sergeant bumjin kim with his 3-year-old daughter who wasn't breathing. >> please, officer! >> reporter: as she was turning blue, sergeant kim called paramedics and tried to remove whatever was blocking her airway. >> she had something in her mouth. i tried to sweep her mouth two or three times and the last time

i got something out. >> reporter: meanwhile, the parents were frantic. and then a welcome sound, crying. >> something came out. >> what do you have, mami? what do you have? okay, mami. >> reporter: knowing she was going to be okay, the veteran sergeant of 15 years says he became emotional because he, too, has a 3-year-old child. >> a sigh of relief and how fragile life is, how it can be. >> reporter: sergeant kim holding up a teddy bear dressed in lapd gear, says he hopes to give it to the little girl in person and dismisses the thought of being a hero. >> i'm just one of 10,000 lapd officers that's trained to do the same thing. >> reporter: his lieutenant also praising his actions. >> he is such a humble man, a humble person, a humble officer, a humble sergeant. but when i saw this video, i was speechless. >> reporter: at last check, the little girl was in stable condition. she and her family are invited

to the police station for what is sure to be an emotional reunion as several of the officers have bought her gifts. mona, andrew. >> andrea, thank you. coming up, the new controversy over who's entering the baseball hall of fame and who's not. who's not. also ever wonder what everyone's doing on their phones? they're banking, with bank of america. his girlfriend just caught the bouquet, so he's checking in on that ring fund. oh, that photographer? he's looking for something a little more zen, so he's thinking, “i'll open a yoga studio.” and as for the father of the bride? he's checking to see if he's on track to do this all over again...and again. digital tools so impressive, you just can't stop banking. what would you like the power to do? s s. digital tools so impressive, you just can't stop banking. when a cough tries to steal dad's punchlines, he takes robitussin naturals powered by 100% drug-free ingredients.

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that man was driving near boston when a chunk of concrete fell from an overpass but he suffered only a scratch on his hand after the concrete bounced off his steering wheel. yikes. activists are planning to hand out t-shirts at the australian open in support of tennis star peng shuai who dropped out of sight after accusing a chinese official of sexual assault. the tournament lifted a ban on the t-shirts which includes the words "where is peng shuai." with the beijing olympics questions persist about her safety. >> the timing really couldn't be better for those of us who care about the story and the timing really couldn't be worse for chinese officials who want it to go away. >> peng has rarely been seen since posting the allegation and many doubt the legitimacy of a retraction that was attributed to her. new controversy surrounding the baseball hall of fame. some of the biggest names in the sport have once again fallen short of receiving the prestigious title of hall of famer amid lingering questions about their past. this morning, some of the

biggest stars to ever play baseball have been denied one of the game's highest honors, barry bonds, roger clemens and sammy sosa all falling short of the votes needed to enter the hall of fame in their final year of eligibility. all three with ties to what's known as baseball's steroids era. >> all-time great players, not great personalities and the fact that they were tied to performance-enhancing drugs like they were ultimately wrote them a ticket off of the ballot for the tenth time. >> reporter: on paper the three looked like shoo-ins. sosa is one of the few to hit more than 600 home runs. clemens ranks in the top ten all-time for wins by a pitcher and won seven cy young awards and barry bonds is the all-time record holder for home runs with 762. but despite their record achievements, they've all been accused of using performance-enhancing drugs, something all three deny. clemens even told congress he never used drugs. >> i have never taken steroids or hgh.

>> reporter: clemens reacting to last night's announcement writing, i didn't play baseball to get in the hall of fame. only one former player was selected last night. >> yes! [ cheers ] >> red sox slugger david ortiz known as big papi elected to the hall in his first year of eligibility. his charisma and batting prowess were on full display as he led the red sox to a world series victory in 2013 just months after the boston marathon bombing. >> and nobody going to dictate our freedom. stay strong. >> reporter: the boston fan favorite tested positive for performance enhancers in 2003 but in 2016 rob man fred questioned the validity of those results. >> david ortiz got in because he was a great player and a big personality and that is a winning combination in the hall of fame voting. >> reporter: bonds, sosa and clemens could still be elected to the hall by a committee that selects overlooked veterans. an incredible comeback in the nba. the clippers erased a 35-point deficit to beat the wizards.

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glitch. >> marc jacobs was accidentally selling $325 handbags for free on its website. customers only needed to pay for shipping. the company found out thanks in part to social media chatter, and then it rescinded the offer. no word on what caused that glitch. >> i want my money back. next, to the catwalk. the catwalk took on a new look in paris. >> a paris fashion show welcomed a different type of animal. check out the horse on display o the runway. that's grace kelly's granddaughter bucking the trend. from the catwalk to cats. more of them are going for a ride these days. >> "the wall street journal" reports many cat owners are going on road trips for the first time with their cats. it's because of covid and the need to relocate for work, so they're putting their trips on pause. finally the driver going viral for pulling off a 26-point turn. >> but it'here the turn wasde t. the side of a cliff. this was reportedly in hong kong and not the streets of new york.

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checking the top stories, all eyes are on the federal reserve holding a critical meeting today after two days of wild swings on wall street. the volatility has been fueled by expectations that the fed will signal an interest rate hike today aimed at getting inflation under control. city leaders in san jose, california, voted last night to require gun owners to carry liability insurance. the measure is believed to be the first of its kind in the u.s. supporters claim it will help reduce gun violence. critics say it violates the second amendment. a man is now in custody accused of fatally shooting a 6-month-old boy in atlanta. police say the baby was sitting in a car when he was caught in the crossfire of a drive-by shooting. today's weather, snow around the great lakes as bitter cold air moves into the eastern half of the country. snow in the rockies and rain in southern texas, and a major snowstorm could hit the northeast this weekend.

and finally, the woman tricked by a video on tiktok. >> she drove to north carolina expecting to see the swiss alps. will ganss explains. >> reporter: zachary has racked up more than 3 million likes on tiktok, posting videos from his time abroad in europe but tagging them as different places in north carolina. >> check out the new bass pro shops at concord mills mall near charlotte. >> reporter: that's the duomo demille aknow in italy. >> wrightsville beach, north carolina. >> not wrightsville beach but chifr cinque terre. zach posting this video from switzerland, tagging it as gas tonia, north carolina. olivia in the car with her husband and his family convincing the group to take an hour-long detour out of the way to check out the snowcapped mountains and quaint village below. >> i did not read the comments section because i was just mindlessly scrolling on tiktok.

>> reporter: realizing fairly quickly that something was up. >> once we started kind of going out of the mountains i was a little suspicious. i was like when are the mountains going to start back up again. we were like 20 minutes out of the way, and then i was like, this doesn't seem right. once we got there, i was like, oh, god, this isn't it. >> reporter: this is what olivia, who is originally from florida, found instead. >> i thought it was a looked like switzerland. i don't know. >> reporter: not the european getaway she was expecting but a funny story nonetheless thanks to zach. >> i mean i guess i can formally apologize face to face for any inconveniences i have caused you, but it seems you've taken it pretty lightly and the humor out of it and have a funny story. >> no hard feelings. it was all in good fun. >> the mayor of gas tonia has offered to give olivia and her family a personal tour of the town if they'd like to come back so he can show them what the city really has to offer. she says next time she's in the area, she'll definitely take him up on that. andrew, mona. >> she was tricked by social media?

>> yes. >> wow. >> by the right now on "america this morning," your money. a crucial decision today that could affect everything from your 401(k) to the prices we pay in stores. breaking overnight, gun crackdown. a major city becomes the first in the country voting to force gun owners to carry a certain kind of insurance. storm watch, the major winter storm that could impact the biggest cities of the northeast just in time for the weekend. plus, the frigid air gripping the midwest. just how low the temps will go. the baseball hall of fame controversy. what happens now to roger clemens, barry bonds and sammy sosa? will they ever get the chance to be called hall-of-famers? citizen's arrest. the former track athlete helping police nab a suspect. and from the glitch