corcoran about the scope of the documents he had. >> it could be absoluely devastating evidence of trump's guilt of obstructing the investigation into the return of the classified documents. could make the mar-a-lago case the strongest thing coming down the pike, and soon. >> reporter: cbs news has learned that evan corcoran could testify as soon as friday, potentially providing a real prism into what trump said behind the scenes, before and after the fbi searched mar-a-lago last summer. this all comes as we're still waiting for a decision on a possible trump indictment here in new york. norah? >> that's a lot of legal news, robert costa. thank you very much. this afternoon, the federal reserve raised a key interest rate by a quarter of a percentage point despite the recent turmoil in the banking sector. the central bank did signal its

streak of rate hikes to battle inflation is nearing an end. cbs' >> reporter: announcing today's rate hike, the ninth in over a year, federal reserve chairman jerome powell said inflation remains too high. >> my a inflation imposes significant hardship as it erodes purchasing power, especially for those least able to meet the higher costs of essentials like food, housing and transportation. >> reporter: those costs continue to soar with consumers now paying 7% more for a gallon of milk. 20% more for bread, and 110% more for a carton of eggs than they were a year ago, all costing american households an average of $372 more a month. the rate hike aims to tame this kind of inflation. but it also means paying back your debt will be more expensive. cbs business analyst jill schlesinger. >> that could be an outstanding

credit card balance. that could be an adjustable rate mortgage. it could be a business loan that is linked to short-term interest rates and maybe even a new car loan. i think the fed really wanted to project that they are more focused on inflation than they are worried about the banking sector. >> reporter: on capitol hill, high inflation and the recent banking crisis has made the fed and its chairman a target. >> the federal reserve will never get control of inflation without hurting a lot of people and putting a lot of people out of work. unless congress helps on the fiscal side. >> reporter: powell also said today that the u.s. banking system is sound and resilient, but he also acknowledged the need to strengthen regulation and supervision of the banks. as for criticism of the federal reserve, the white house tells us presidnt biden is confident in chairmanpowell. norah? >> caitlin huey-burns at the white house, thank you. tonight, dramatic developments in hampton county,

south carolina. that's where former attorney alex murdaugh lived before his murder conviction earlier this month. officials there are reexamining the 2015 death of a teenager named stephen smith, who went to school with murdaugh's surviving son, buster. we get more from nikki battiste. >> reporter: nearly eight years after stephen smith mysteriously died along a rural south carolina road, his family is finally hopeful for answers. >> i hope to find the real reason for stephen's death. >> reporter: the south carolina law enforcement division announced it is now investigating his death, initially ruled an unintentional hit-and-run as a homicide. investigators reopened the case in 2021 after finding new evidence while investigating the murders of maggie and paul murdaugh. the smith family's attorney says his mother is haunted by the lingering concern her son was targeted because he was openly gay. >> we think that he did not die on thatnially

said smith was hit and killed by a car after he ran out of gas while driving home. an autopsy report states he died of blunt force trauma to the head, possibly from the impact of a side view mirror. but the initial report said they see no evidence to suggest that the victim was struck by a vehicle. >> it just makes no sense to us that he could be struck in that fashion badly enough to cause his death and there be no vehicle debris of any kind whatsoever. >> reporter: no suspect was ever named, but rumors have swirled that buster murdaugh, the oldest son of alex murdaugh was involved. on sunday buster spoke out for the first time saying i unequivocally deny any involvement in his death. >> it's a big deal. it was being pursued as a hit-and-run and largely forgotten until the murdaugh trial. and that generated new interest. >> reporter: nikki battiste, cbs news, new york.

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huge fireball rising from the facility. official says a tanker truck was transferring liquid petroleum gas to another truck when it went up in flames. one person was taken to the hospital. back here in washington, senators grilled norfolk southern's ceo today about its safety record. it's his second appearance before congress following last month's toxic train derailment. roxana saberi reports tonight from east palestine, ohio. thinking was a preventible accident. do you agree? >> yes, i do agree. >> reporter: back in the senate hot seat. >> for decades, the railroads have lobbied to undermine safety rules. they're still at it. >> reporter: nearly seven weeks after a norfolk southern train derailed in east palestine, ohio, spewing toxic chemicals -- >> i want to open by stating how deeply sorry i am for the impact this derailment has had. >> reporter: ceo alan shaw said he supports some aspects of the bipartisan senate bill

otify firstitl funng for tracks responders of hazardous materials on rail cars. >> none of us knew exactly what dangers were on that train. >> reporter: east palestine resident misty allison said the town and family are still living in fear. >> my 7-year-old has asked me if he is going to die from living if his own home. what do i tell him? >> reporter: back in east palestine, the cleanup continues. the epa says nearly 8 million gallons of waste water have been shipped out for treatment, and nearly 8,000 tons of contaminated soil. but the agency says the air and municipal water are safe, for now. do you want to be bought out of your home by norfolk southern? >> yes. >> reporter: still, resident joe sammic says his daughter has been getting rashes. >> i don't feel safe being here, and here we are stuck. because we can't afford to just

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the race that's been designed for you. tonight, a 32-year-old man is under arrest in connection with a suspected arson fight. the boats were stacked on a storage rack. the fire grew so large, it took about 100 firefighters to put it out. no one was hurt. the suspect was found aboard a boat docked nearby. well, tonight japan is celebrating a thrilling victory over the u.s. in the world baseball classic. the tuesday night finale came down to a showdown between los angeles angels teammates shohei ohtani and mike trout, with the japanese superstar striking out the three-time american league mvp slugger. this is japan's third wbc championship victory. the james webb space

telescope spots a new planet from a galaxy far, far away. that's next. finally tonight, nasa's james webb space telescope made another out-of-this-world discovery. take a look at this, a giant red planet outside of our solar system. it has two suns and is located just 40 light years away from earth. this illustration shows the swirling red clouds made up of a sand-like material. that's the "overnight news" for this thursday. for some of you, the news continues. for others, check back later for "cbs mornings." and remember, you can follow us online any time at cbsnews.com.

reporting from the nation's capital, i'm norah o'donnell. this is cbs news flash. i'm shanelle kaul in new york. the search for an alleged school shooter in denver may now be over. a body was found in the woods southwest of the city where the suspect's vehicle was located. two school administrators were wounded in the shooting. the national weather service confirmed a tornado touched down just outside of los angeles in montebello, california on wednesday. one person was reported injured. and researchers have taken dna from lox of beethoven's hair to learn more about the famed composer's troubled health. they found he was genetically predisposed to liver disease,

and likely had a bout of hepatitis b shortly before he died. for more, download the cbs news app on your cell phone or connected tv. i'm shanelle kaul, cbs news, new york. ♪ >> announcer: this is the "cbs overnight news." >> tonight california is picking up the pieces after being slammed by yet another major storm system, including an apparent tornado. we've got more on that in just a moment. plus, drug shortages are on this left two staff members injured, including one taken into surgery with life-threatening injuries. authorities say the suspect is a student who remains at large tonight and is considered armed and dangerous. the school has canceled classes for the rest of the week. reporter alan gionet of our

denver cbs station will start us off tonight from outside the school. good evening, alan. >> good evening, norah. this evening on the campus of this city high school, sadness and anger. this is a school district that did away with school resource officers in the aftermath of the george floyd killing. but today some parents were saying bring them back. >> the suspect is not in the school. >> reporter: tonight the manhunt continues for 17-year-old austin lyle, the student who police say opened fire on two administrators. >> we are looking for the suspect. we will find that suspect. and we will hold that suspect accountable. >> reporter: authorities say the shooting happened just before 10:00 this morning inside denver's east high school during a mandatory search of the student because of past behavior. one victim is in critical condition, undergoing surgery. another is stable and talking, police said.% >> paramedics were in the building when the shooting occurred. and they were able to immediately begin to administer

support and treatment to the individuals who were wounded. and that i think will play a huge role in their ultimate recovery. >> reporter: east high's more than 200 students and staff were recently placed on lockdown. soon after, shaken parents waited to pick up their children. >> why does it take for this to keep happening over and over and over again for us to finally do something? >> reporter: there have been more than 100 school shootings, including on college campuses this academic year alone. >> there is always a bomb threat. there is always somebody threatening to come into school. there is always something where we're on lockdown. >> reporter: this month the same student was shot and killed in a car outside the school building, prompting a walkout to the colorado state capitol, demanding stricter safety rules. >> i'm not really sad or hurt by it because it's so normal at this point. >> reporter: today denver's police chief said he will have two officers back on campus when school resumes. the superintendent added to

that, saying he wants officers on the campus of every high school. norah? >> alan gionet, thank you. we do want to turn to a deadly storm that is slamming california, bringing heavy rains, more flooding and a possible tornado. the dangerous weather is being blamed for at least five deaths and nearly 100,000 homes and businesses are still without power. cbs' janet shamlian is in the los angeles suburb of montebello. >> reporter: doors were flying off hinges, and it was just unbelievable. >> reporter: in southern california, what looked like a funnel cloud shredded roofs off buildings east of l.a. >> it picked us up and threw us against the fence as we were trying to get inside for shelter. >> reporter: and now the mess of cleanup. california pounded yet again by one of the strongest storms this year. massive waves hit san francisco's waterfront with hurricane-force winds. forecasters say it was a rare t

state. downing trees, one falling on d. a big rig flipped over on the bay bridge. the ground now so saturated, lanes of an interstate sagged after a retaining wall gave way. and mountain communities saw yet another heavy snowfall. >> we're just hoping it doesn't snow as much as it did last time. >> reporter: a mean season as los angeles has had nearly three times more rain than seattle this year. and in the southern california mountains, more snow than aspen. overnight, relentless rain adding to the misery in california's central valley. farm fields and roads submerged. residents in santa cruz use their own chainsaws to clear roads of enormous trees. >> i've owned my property for 20 years. this is the first time anywhere. >> reporter: and in orange county tonight, they're holding their breath after the last storm left homes like these perched on the precipice.

and this is where that funnel cloud caused so much damage, roof damage when it hit without warning just before noon today. one person has been taken to the hospital with minor injuries. and in this largely warehouse district, authorities are now going building to building to check for structural integrity. norah? >> just incredible damage there. janet shamlian, thank you so much. well, the waiting game for the possible criminal indictment of former president donald trump will continue for at least another day. the manhattan dolphins postponed a scheduled grand jury session today, but jurors could meet again on thursday. cbs' robert costa is outside the courthouse in new york city. >> reporter: with demonstrators on hand and increased security around manhattan criminal court, the decision by manhattan district attorney alvin bragg not to convene the grand jury was a sudden and unexpected development. >> people anticipated that today would be the day that the district attorney would present the draft indictment and ask the grand jury to vote on it.

now it's likely the delay has something to do with that, that either the d.a. or the grand jury itself wants to have some more information or take a breath for some reason. >> reporter: bragg is investigating hush money payments made in 2016 to adult film star stormy daniels, which former trump fixer michael cohen claims trump authorized. the former president huddling with advisers in florida has remained defiant, according to sources, and is considering holding a news conference outside the court if he is indicted. meanwhile, there was a major turn today in another investigation into trump's handling of classified records. a federal judge has said his lawyer, evan corcoran must testify about his private discussions with trump, and share evidence, including documents and private audio files. special counsel jack smith wants to know whether trump misled corcoran about the scope of the documents he had.coulbsoluty g

guilt bstructihe inigatio theclasfied duments. could make the mar-a-lago case the strongest thing coming down the pike, and soon. >> reporter: cbs news has learned that evan corcoran could testify as soon as friday, potentially providing a real prism into what trump said behind the scenes, before and after the fbi searched mar-a-lago last summer. this all comes as we're still waiting for a decision on a possible trump indictment here in new york. norah? >> that's a lot of legal news, robert costa. thank you very much. an alarming new report today about just how bad the nation's drug shortage has become. it's now described by lawmakers as a national security threat.

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♪ >> announcer: this is the "cbs overnight news." >> i'm catherine herridge in washington. thanks for staying with us. during the pandemic, the supply chain bottlenecks drove up the price of vehicles. even with the pandemic behind us, a lot of car buyers are still experiencing sticker shock. the average monthly payment for a new vehicle is still more than $700 a month. for used vehicles, it's 550 a month. nancy chen investigates. >> reporter: at lee auto mall outside portland, maine, it's

been hard to keep cars on lot. what's the average price of a car right now? >> the average price about 48,000 to 50,000. >> reporter: adam lee owns 16 dealerships and says business has been especially good the past three years. but high sticker prices fueled by high demand combined with high interest rates are making it increasingly challenging for buyers. >> we're still seeing very strong demand, but you can feel it, that it's slowing down. >> reporter: although prices have dipped slightly from historic levels, new cars still come out to nearly $50,000, and used 28,000 on average. combined with aprs that can be as much as 11%, monthly payments are skyrocketing. one in six people who have recently financed a new car committed to monthly payments of a thousand dollars or more, the highest on record. what is the concern down the line if interest rates keep going up? >> most dealers borrow money to par their cars. and at some point that will

start to have an impact. if rates keep going up and people can't buy cars, we won't order more cars. >> reporter: it locks up everything? >> it does. >> reporter: demetrius thrasher depends on his vehicle to make food deliveries outside atlanta. after a crash, the navy veteran reluctantly purchased a new one for about $25,000 more than he wanted to spend. >> i called around to other dealerships throughout the state of georgia, and they're we've got nothing. >> reporter: thrasher says he is now paying about a thousand dollars a month for his car and has had to defer payments twice. he is not alone. delinquencies for auto loans 60 days or more past due is up 20% from last year. >> consumers are served a double whammy because car prices are high and interest rates are high. >> reporter: jessica caldwell analyzes prices for edmonds. she says there is a bright spot for those looking for a car now.

>> we are seeing some automakers actually offer incenties. we haven't seen thatnile. >> reporter: also, make sure to shop car loans for the best deal on interest rates and terms. and be patient. is there a sense of drive the car until the wheels fall off? >> i think there really is that sentiment. that honestly is the best advice. >> reporter: nancy chen, westbrook, maine. the risk of investing in cryptocurrency is well-known. and now there is new concerns over crypto atms. kiosks were used to steal millions of dollars from victims. the company ceo and two others have pleaded not guilty to more than 50 counts including conspiracy and money laundering. jericka duncan reports. >> reporter: crypto kiosks are popping up all over the country, mostly in gas stations or convenience stores. due to loose regulations, police say they're becoming more popular with scammers who use them to steal money from people. and there is often no way of getting that money back. and you call this?

>> cell. reporter: i his life, artist joseph samuels never thought he'd fall victim to a scam. has anything like this ever happened to you before? >> in my entire life, i would never. it is crazy. put me in the hospital for a week. i've never been sick in a day of my life. >> reporter: in october of 2021, samuels thought he was calling his computer company's i.t. department. during the call, he granted someone access to fix his computer remotely, and it worked. but a couple of months later, he says he got a call from someone claiming to be from the same i.t. department. he says they told him they accidentally deposited $20,000 and demanded he send it back through a bitcoin atm. >> and they're calling me you got to pay us back. otherwise we're going get the fbi. >> reporter: fearful of what could happen next, samuels did as he was instructed, and

deposited $20,000 cash into this bitcoin of america kiosk, just blocks away from his apartment in hartford, connecticut. days later, samuels soon realized the scammers moved his own money from his savings account into his checking account. what was your reaction the moment you learned you had been scammed? >> i was pissed. >> reporter: right now there are more than 30,000 crypto atms across the country. that's up from roughly one thousand in 2018. the machines look like normal atms, but when a customer deposits cash, it's converted to digital cryptocurrency. and instead of being routed to a traditional bank account, it goes to a digital wallet, where a third party can later cash in. >> i think if you just educate yourself on the subject a little bit, you'll know which ones are safe and not safe. >> reporter: connecticut state police detective matthew hogan specializes in cryptocurrency and financial crimes. he believes many of these machines are intentionally

placed in neighborhoods with higher crime rates. why do you think you're seeing this correlation between the hot pockets for crime and these bitcoin kiosks? >> i think they're strategically placed on purpose, because they're getting a higher percentage of use in those locations of higher crime. >> reporter: seeing that cyber security expert brief fowler says cryptocurrency scams pose a unique risk, because they're often unregulated and many are unlicensed. >> they're on some levels not any different than a soda or a candy machine. if you see one of these things, just don't use them right now. >> so these are the boxes, because you're going to be moving? >> yes. >> reporter: as for samuels, he was never able to recover that $20,000. >> i can't afford to live here. >> reporter: he is now packing up, with plans to live with his son. >> that's what i got to deal with. but then again, you know, i feel very fortunate. i take the opportunity to just paint and put the work away.

>> reporter: and he is quite the artist. cbs news reached out to bit county of america for comment on the indictment and did not hear back. the company ceo also hasn't responded to our request for comment. bitcoin of america's website has since shut down, and the crypto kiosk samuels used was seized and the investigation is still open. open. >> that was want luxury hair repair that doesn't cost $50? pantene's pro-vitamin formula repairs hair. as well as the leading luxury bonding treatment. for softness and resilience, without the price tag. if you know... you know it's pantene. want a worry-free way to kill bugs? zevo traps use light, not odors or chemical insecticides, to attract and trap flying insects.

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a lot of video games keep players at the edge of their seats. others not so much. here is david pogue. ♪ >> reporter: when you picture a modern video game, you might assume that it involves shooting, or racking up points, or at least winning. >> cowabunga! >> reporter: but in fact, some of the most popular games these days look like this. >> a little to the left is where you sort, stack and tidy up the house. >> reporter: no timer, no opponents, no losing. care called cozy games, or simulation games. forget about war games like call of duty. this one's more like call of dirty. this game is called "unpacking." and what you do in this game is

unpack. there's also lawn mowing simulator. ♪ fish keeper. american truck simulator. and then there is airplane mode. it's a flight simulator where you're not the captain. you're a passenger in coach. >> this is your captain speaking. we've been notified by air traffic control that our landing to halifax has been delayed. >> not fight in flight, not adrenaline accompanying, but rather tend and befriend type of games where you're relaxing, you're hanging out. >> reporter: kelly dunlap is a psychologist and a game designer. >> no pressure. >> reporter: do you have any ideas about why they seem to be catching on now? >> well, i don't know if you

know, but there was this thing that happened in 2020 where everybody's lives got completely flipped upside down, and the chaos rock we're on just got even more chaotic. and so for a lot of people, normalcy, control, predictability were things that were missing since 2020. and so we're finding games that are tapping into those needs that are not being met in our day-to-day lives. >> reporter: is there something to the ease of mastery of these games? i mean, you're playing inside of five minutes. >> yeah. when we see something that is -- it's simple, and it's really easy to understand. we went from here to here. it went from clean to dirty. it went from rough to smooth. yeah, that definitely itches parts of our brain that wants to know that we as humans have autonomy, and that our decisions matter. >> reporter: believe it or not, it gets weirder. instead of playing these games, some people like to watch other people playing these games. >> this is such a surreal thing that we're seeing.

when power wash came out, it peaked the top ten. so we know it was competing with the big dogs. >> reporter: mary kish is the head of community at twitch, the website where 31 million people a day go to watch other people play video games. >> we're looking for salt, boys. >> it's really fun watching someone who is really good at a video game play it. >> reporter: mary is doing triple duty for this interview. she is a twitch streaming star, she works at twitch, and she is a fan of cozy games. >> oh mix, oven is dead. that's why. i got it. >> reporter: how does it feel to fail a pizza-making simulation. >> you don't fail pizza. you learn pizza. >> oh. i can understand the pleasure and relaxation of playing these games. >> yeah. >> reporter: why would someone go on twitch and watch someone else do it? i don't get it. >> one of the reasons is you want to try before you buy. before i spend $20 on a game, it's kind of nice to watch a streamer play it for an hour.

but that's just one-half of the story. you are watching this mundane activity being taken out by a person that's extremely charismatic and charming. and you're probably there for them more than that game. >> reporter: according to kelly dunlap, the simulation games would be fun to play even for someone who does the same work in real life. >> they're idealized world. i show up, i power wash, and i go home. i don't have to worry about billing or taxes or showing up late or getting a kink in the hose or whatever it is. >> reporter: to test that theory, i invited juan salazar, who owns a landscaping and power-washing company to try a simulator. >> that's a nice van. i don't know why they never clean it, right? the paint is so beautiful. >> reporter: i know. so is it the same pleasure that you get from the real one or is it a different kind of pleasure? >> this was more fun. >> reporter: yeah? >> yeah, i like it. the real one you would get wet

and the paint we're working would get wet and maybe bleach. so this isni. >> reporter: yeah. 25 bucks it could be bill loveless: i came to the lord at the age of about 42. dr. charles stanley has been so important in my life, just his teachings. one of the life principles is that brokenness is a requirement for god to use you greatly, is when you can become that conduit of what god wants to do through you to get to other people. it's just amazing of what god can do with you.

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ready to treat your hiv in a different way? . attend all treatment appointments. the latest united nations report on climate change underscores the urgency of taking more ambitious action. tina cross reports. >> the climate time bomb is ticking. >> reporter: the head of the u.n. has been pressing scientists to serve all cold, hard facts to push governments into creating policies that curb climate change. monday, they delivered a new report with a familiar warning. >> we must move from climate procrastination to climate activation, and we must begin this today. >> referee: the inner governmental panel on climb changes published a survey filled with research from every corner of the globe compiled since the paris climate accord was struck back in 2015.

temperatures in recent years have stoked destructive storms and flooding, crop-killing heatwaves and deadly droughts. jiemt scientists say urgent and sustained action is crucial this decade to prevent catastrophic consequences. >> we newble energy instead of fossil fuels. energy efficiency, green transport, green urban infrastructure, halting deforestation, eco restoration. >> reporter: the report reveals as global temperatures climb, the last eight years of record-breaking heat will end up being the coolest in a generation, even if planet warming fossil fuels drop quickly. >> actions in this decade are critical for securing a sustainable future for all. >> reporter: the calls for intervention comes as the world scrambles to shore up energy with asia and europe turning to heavily polluting coal. tina kraus, cbs news, london.

that's the "overnight news" for this thursday. be sure to check back later for "cbs mornings." reporting from the nation's capitol, i'm catherine herridge. this is cbs news flash. i'm shanelle kaul in new york. the search for an alleged school shooter in denver may now be over. a body was found in the woods southwest of the city where the suspect's vehicle was located. two school administrators were wounded in the shooting. the national weather service confirmed a tornado touched down just outside of los angeles in montebello, california on wednesday. one person was reported injured. and researchers have taken dna from locks of beethoven's hair to learn more about the famed composer's troubled health. they found he was genetically predisposed to liver disease, and likely had a bout of

hepatitis b shortly before he died. for more, download the cbs news app on your cell phone or connected tv. i'm shanelle kaul, cbs news, new york. ♪ tonight, a student opens fire at his high school, injuring two administrators. what we're learning about their conditions. here are tonight's top headlines. >> i don't feel safe. >> a community rattled as police asked for help finding a teen considered armed and dangerous. >> we will hold that suspect accountable for his actions this morning. the fed raises interest rates again to fight inflation amid turmoil in the banking world. >> all depositors' savings are safe. the banking system is safe. major news tonight. trump's lawyer, evan corcoran will be compelled to testify in the grand jury investigation in washington of how former president trump handled classified documents.he

of assmate of bustrdau what led police to reopen the cold case. the latest storms to hit california have turned deadly. millions of people are under flood watches. >> this dangerous weather is expected to march towards the central part of the country. this preventible accident has put a scarlet letter on our town. >> norfolk southern ceo alan shaw is on capitol hill. >> i am determined to make this right. the dream matchup. ohtani-trout. 3-2. he struck him out, and japan is back on top with the baseball world. ♪ >> annt ws."kiifor p

up the pieces after being slammed by yet another major storm system, including an apparent tornado. we've got more on that in just a moment. plus, drug shortages are on the rise for some life-saving medication, including those used in cancer treatments. why it's now considered a national security threat. but first, the nation's latest school shooting, this one at a denver high school left two staff members injured, including one taken into surgery with life-threatening injuries. the suspect is a student who remains at large tonight and is considered armed and dangerous. the school has canceled classes for the rest of the week. reporter alan gionet of our bs denver station will start us off tonight from outside the school. good evening, alan. >> good evening, norah. this evening on the campus of this city high school, sadness and anger. this is a school district that did away with school resource officers in the aftermath of the george floyd killing. but today some parents were saying bring them back.

>> the suspect is not in the school. >> reporter: tonight the manhunt continues for 17-year-old austin lyle, the student who police say opened fire on two administrators. >> we are looking for the suspect. we will find that suspect. and we will hold that suspect accountable. >> reporter: authorities say the shooting happened just before 10:00 this morning inside denver's east high school during a mandatory search of the student because of past behavior. one victim is in critical condition, undergoing surgery. another is stable and talking, police said. >> paramedics were in the building when the shooting occurred. and they were able to immediately begin to administer support and treatment to the individuals who were wounded. and that i think will play a huge role in their ultimate recovery. >> reporter: east high's more than 2500 students and staff were immediately placed on lockdown. veoverfter, shaken parents

againor u final do something? >> reporter: there have been more than 100 school shootings, including on college campuses this academic year alone. >> there is always a bomb threat. there is always somebody threatening to come into school. we're always on lockdown. >> reporter: just last month, the same student was shot and killed in a car prompting a walkout to the colorado state capitol, demanding stricter safety rules. >> i'm not really sad or hurt by it because it's so normal at this point. >> reporter: today denver's police chief said he will have two officers back on campus when school resumes. the superintendent added to that, saying he wants officers on the campus of every high school. norah? >> alan gionet, thank you. we do want to turn to a deadly storm that is slamming california, bringing heavy rains, more flooding and a possible tornado. the dangerous weather is being blamed for at least five deaths and nearly 100,000 homes and

businesses are still without power. cbs' janet shamlian is in the los angeles suburb of montebello. >> reporter: doors were flying off hinges, and it was just unbelievable. >> reporter: in southern california, what looked like a funnel cloud shredded roofs off buildings east of l.a. >> it picked us up and threw us against the fence as we were trying to get inside for shelter. >> reporter: and now the mess of cleanup. california pounded yet again by one of the strongest storms this year. massive waves hit san francisco's waterfront with hurricane-force winds. forecasters say it was a rare bomb cyclone that slammed the state. downing trees, one falling on this car, killing the driver. a big rig flipped over on the bay bridge. the ground now so saturated, lanes of an interstate sagged after a retaining wall gave way. and mountain communities saw yet

another heavy snowfall. >> we're just hoping it doesn't snow as much as it did last time. >> reporter: a mean season as los angeles has had nearly three times more rain than seattle this year. and in the southern california mountains, more snow than aspen. overnight, relentless rain adding to the misery in california's central valley. farm fields and roads submerged. residents in santa cruz use their own chainsaws to clear roads of enormous trees. >> i've owned my property for 20 years. this is the first time anywhere. >> reporter: and in orange county tonight, they're holding their breath after the last storm left homes like these perched on the precipice. and this is where that funnel cloud caused so much damage, roof damage when it hit without warning just before noon today. one person has been taken to the hospital with minor injuries. and in this largely warehouse district, authorities are now going building to building to check for structural integrity.

norah? >> just incredible damage there. janet shamlian, thank you so much. the system is now moving across the southwest, bringing storm warnings and advisories to more than half a dozen states. for details, let's bring in mike bettes from our partners at the weather channel. good evening, mike. >> hi, norah. good evening to you. we've had a powerhouse storm for the past two days in southern california. responsible for 90 miles per hour wind gusts and tornadoes touch do you think in los angeles. you see we've got a little bit more rain to go and snow, but this storm will be winding down. what this means is some of its energy could be responsible for a three-day severe weather outbreak beginning in the midwest with storms that could go well through the night. illinois, indiana in particular. tomorrow the threat shifts farther south with larger hail force in oklahoma. and then in texas. on friday it goes east from there. it goes across the southeast bringing a tornado risk across tennessee, mississippi, louisiana, alabama as well. and then we return our attention back to california once again, because early next week, norah,

another powerhouse storm is set to slam california. >> my goodness, thank you. there is a lot more news ahead on the "cbs overnight news."

♪ >> announcer: this is the "cbs overnight news." >> while the waiting game for the possible criminal indictment of foroty, thettan district attorney's office postponed a scheduled grand jury today, but jurors could meet again on thursday. cbs' robert costa is outside the courthouse in new york city. >> reporter: with demonstrators on hand and increased security around manhattan criminal court, the decision by manhattan district attorney alvin bragg not to convene the grand jury was a sudden and unexpected development. >> people anticipated that today would be the day that the

district attorney would present the draft indictment and ask the grand jury to vote on it. now it's likely the delay has something to do with that, that either the d.a. or the grand jury itself wants to have some more information or take a breath for some reason. >> reporter: bragg is investigating hush money payments made in 2016 to adult film star stormy daniels, which former trump fixer michael cohen claims trump authorized. the former president huddling with advisers in florida has remained defiant, according to sources, and is considering holding a news conference outside the court if he is indicted. meanwhile, there was a major turn today in another investigation into trump's handling of classified records. a federal judge has said his lawyer, evan corcoran must testify about his private discussions with trump, and share evidence, including documents and private audio files. special counsel jack smith wants to know whether trump misled

corcoran about the scope of the documents he had. >> it could be absolutely devastating evidence of trump's guilt of obstructing the investigation into the return of the classified documents. could make the mar-a-lago case the strongest thing coming down the pike, and soon. >> reporter: cbs news has learned that evan corcoran could testify as soon as friday, potentially providing a real prism into what trump said behind the scenes, before and after the fbi searched mar-a-lago last summer. this all comes as we're still waiting for a decision on a possible trump indictment here in new york. norah? >> that's a lot of legal news, robert costa. thank you very much. this afternoon, the federal reserve raised a key interest rate by a quarter of a percentage point despite the recent turmoil in the banking sector. the central bank did signal its streak of rate hikes to battle inflation is nearing an end.

cbs' caitlin huey-burns has more from the white house. >> reporter: announcing today's rate hike, the ninth in over a year, federal reserve chairman jerome powell said inflation remains too high. >> my colleagues and i are acutely aware that high inflation imposes significant hardship as it erodes purchasing power, especially for those least able to meet the higher costs of essentials like food, housing and transportation. >> reporter: those costs continue to soar with consumers now paying 7% more for a gallon of milk. 20% more for bread, and 110% more for a carton of eggs than they were a year ago, all costing american households an average of $372 more a month. the rate hike aims to tame this kind of inflation. but it also means paying back your debt will be more expensive. cbs business analyst jill schlesinger. >> that could be an outstanding credit card balance. that could be an adjustable rate mortgage.

it could be a business loan that is linked to short-term interest rates and maybe even a new car loan. i think the fed really wanted to project that they are more focused on inflation than they are worried about the banking sector. >> reporter: on capitol hill, high inflation and the recent banking crisis has made the fed and its chairman a target. >> the federal reserve will never get control of inflation without hurting a lot of people and putting a lot of people out of work, unless congress helps on the fiscal side. >> reporter: powell also said today that the u.s. banking system is sound and resilient, but he also acknowledged the need to strengthen regulation and supervision of the banks. as for criticism of the federal reserve, the white house tells us president biden is confident in chairman powell. norah? >> caitlin huey-burns at the white house, thank you. tonight, dramatic developments in hampton county, south carolina. that's where former attorney alex murdaugh lived before his

murder conviction earlier this month. officials there are reexamining the 2015 death of a teenager named stephen smith, who went to school with murdaugh's surviving son, buster. we get more from nikki battiste. >> reporter: nearly eight years after stephen smith mysteriously died along a rural south carolina road, his family is finally hopeful for answers. >> i hope to find the real reason for stephen's death. >> reporter: the south carolina law enforcement division announced it is now investigating his death, initially ruled an unintentional hit-and-run as a homicide. investigators reopened the case in 2021 after finding new evidence while investigating the murders of maggie and paul murdaugh. the smith family's attorney says his mother is haunted by the lingering concern her son was targeted because he was openly gay. >> we think that he did not die

on that road that fateful night. >> reporter: police initially said smith was hit and killed by a car after he ran out of gas while driving home. an autopsy report states he died of blunt force trauma to the head, possibly from the impact of a side view mirror. but the initial report said they see no evidence to suggest that the victim was struck by a vehicle. >> it just makes no sense to us that he could be struck in that fashion badly enough to cause his death and there be no vehicle debris of any kind whatsoever. >> reporter: no suspect was ever named, but rumors have swirled that buster murdaugh, the oldest son of alex murdaugh was involved. on monday, buster murdaugh spoke out for the first time, calling those rumors baseless, and saying i unequivocally deny any involvement in his death. >> it's a big deal. it was being pursued as a hit-and-run and largely forgotten until the murdaugh trial. and that generated new interest. >> reporter: nikki battiste, cbs news, new york.

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facility. official says a tanker truck was transferring liquid petroleum gas to another truck when it went up in flames. one person was taken to the hospital. back here in washington, senators grilled norfolk southern's ceo today about its safety record. it's shaw's second appearance before ceslast month's toxic train derailment. roxana saberi reports tonight from east palestine, ohi. >> this was a preventible accident. do you agree? >> yes, i do agree. >> reporter: back in the senate hot seat. >> for decades, the railroads have lobbied to undermine safety rules. they're still at it. >> reporter: nearly seven weeks after a norfolk southern train derailed in east palestine, ohio, spewing toxic chemicals -- >> i want to open by stating how deeply sorry i am for the impact this derailment has had. >> reporter: ceo alan shaw said he supports some aspects of the bipartisan senate bill tightening rules on rail safety,

including additional funding for training, mandatory defect detectors on tracks, and requirements to notify first responders of hazardous materials on rail cars. >> none of us knew exactly what dangers were on that train. >> reporter: east palestine resident misty allison testified that her town and family are still living in fear. >> my 7-year-old has asked me if he is going to die from living if his own home. what do i tell him? >> reporter: back in east palestine, the cleanup continues. the epa says nearly 8 million gallons of waste water have been shipped out for treatment, and nearly 8,000 tons of contaminated soil. but the agency says the air and municipal water are safe, for now. do you want to be bought out of your home by norfolk southern? >> yes. >> reporter: still, resident joe samic says his daughter has been getting rashes. >> i don't feel safe being here, and here we are stuck. because we can't afford to just up and leave.

>> reporter: samic and his neighbors live less than a mile from the derailment site here in east palestine, but technically outside city limits, so they don't qualify for compensation. norfolk southern says it's working with him to find a solution. norah? >> roxana saberi, thank you so much. an alarming new report today about just how bad the nation's drug shortage has become. it's now described by lawmakers as a national security threat.l treatments, children's medication, antibiotics, and even over-the-counter cold medicine, according to a senate report. lawmakers blame the u.s. reliance on manufacturing in foreign countries like china and india. a man wanted by the fbi threatens to jump from the 31st floor of a building. we're going to tell you how the standoff ends, next. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or

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tonight. the highway was closed in both directions as the investigation got under way. a suspected ar nist is in cu

tonight, a 32-year-old man is under arrest in connection with a suspected arson fight. fire that destroyed at least 30 boats overnight in seattle. the boats were stacked on a storage rack. the fire grew so large, it took about 100 firefighters to put it out. no one was hurt. the suspect was found aboard a boat docked nearby. well, tonight japan is celebrating a thrilling victory over the u.s. in the world baseball classic. the tuesday night finale came down to a showdown between los angeles angels teammates shohei ohtani and mike trout, with the japanese superstar striking out the three-time american league mvp slugger. this is japan's third wbc championship victory. the james webb space telescope spots a new planet from a galaxy far, far away.

that's next. finally tonight, nasa's james webb space telescope made another out-of-this-world discovery. take a look at this, a giant red planet outside of our solar system. it has two suns and is located just 40 light years away from earth. this illustration shows the swirling red clouds made up of a sand-like material. that's the "overnight news" for this thursday. for some of you, the news continues. for others, check back later for "cbs mornings." and remember, you can follow us online any time at cbsnews.com. reporting from the nation's capital, i'm norah o'donnell.

this is cbs news flash. i'm shanelle kaul in new york. the search for an alleged school shooter in denver may now be over. a body was found in the woods southwest of the city where the suspect's vehicle was located. two school administrators were wounded in the shooting. the national weather service confirmed a tornado touched down just outside of los angeles in montebello, california on wednesday. one person was reported injured. and researchers have taken dna from locks of beethoven's hair to learn more about the famed compos's alth. they found he was genetically predisposed to liver disease, and likely had a bout of hepatitis b shortly before he

died. for more, download the cbs news app on your cell phone or connected tv. i'm shanelle kaul, cbs news, new york. it's thursday, march 23rd, 2023. this is the "cbs morning news." body found. the manhunt could be over for a suspected school shooter in denver after a discovery in the woods just outside the city. you just don't think southern california having the storm like this. >> wild weather. the los angeles area gets hit by a tornado. it is the strongest one in 40 years. how long it was on the ground. higher interest rates. the cost to borrow is up, and efforts to bring inflation down. the fed's magic number that could take years to reach. well, good morning, and good

to be with you.