THE STORY IS , WE'LL TAKE YOU THERE. >> YOU'RE STREAMING ABC NEWS LA . >> HI, I'M DIANE MACEDO. TODAY ON "ABC NEWS LIVE". NEW DEVELOPMENTS IN THE INVESTIGATION INTO FORMER PRESIDENT TRUMP HANDLING OF CLASSIFIED DOCUMENTS. THE FORMER PRESIDENT IS RESPONDING THIS MORNING. >> AND WILL HE BE INDICTED IN HUSH MONEY PAYMENT CASE? >> THE FEDERAL RESERVE IS SET TO ANNOUNCE WHETHER IT WILL RAISE INTEREST RATES AGAIN IN THE AFTERMATH OF THE BANKING CRISIS. WHAT IT MEANS FOR YOUR MONEY AND MEMBERS. ONLY CLUBS LIKE SOHO HOUSE HAVE BECOME INCREASINGLY POPULAR IN CITIES ALL OVER THE WORLD. NOW, TWO BROTHERS FOLLOWING SUIT WITH AN EMPOWERING TWIST. WE'LL TAKE YOU INSIDE HQ, D.C. HOUSE. >> BUT WE BEGIN WITH NEW DEVELOPMENTS IN THE INVESTIGATION INTO FORMER PRESIDENT TRUMP. SOURCES TELL ABC NEWS PROSECUTORS FOR THE SPECIAL COUNSEL HAVE PRESENTED EVIDENCE THAT TRUMP DELIBERATELY MISLED HIS OWN ATTORNEYS ABOUT HIS HANDLING OF CLASSIFIED INFORMATION. THIS IS A GRAND JURY IS RECONVENING TODAY TO WEIGH POTENTIAL CHARGES AGAINST THE FORMER PRESIDENT FOR HIS ROLE IN HUSH MONEY PAYMENTS TO STORMY DANIELS CHIEF WASHINGTON CORRESPONDENT JONATHAN KARL HAS THE LATEST ADDED SECURITY IS IN PLACE IN NEW YORK AMID GROWING ANTICIPATION DONALD TRUMP COULD BE INDICTED AS SOON AS TODAY IN A CASE BROUGHT BY MANHATTAN DISTRICT ATTORNEY ALVIN BRAGG REGARDING HUSH MONEY PAID TO STAR STORMY DANIELS. BUT TRUMP FACES MULTIPLE CRIMINAL INVESTIGATIONS. SOURCES TELLING ABC NEWS A FEDERAL JUDGE'S DETERMINED THAT THERE'S ENOUGH COMPELLING PRELIMINARY EVIDENCE THAT TRUMP BROKE THE LAW. IN ANOTHER CASE, THE SPECIAL COUNSEL'S INVESTIGATION OF TRUMP'S HANDLING OF CLASSIFIED DOCUMENTS. JUDGE BERYL HAOLES ORDER IS SEALED, BUT SOURCES DESCRIBED ITS CONTENTS TO ABC NEWS, SAYING SHE WROTE SPECIAL COUNSEL JACK SMITH PROVIDED ENOUGH EVIDENCE THAT THE FORMER PRESIDENT HAD COMMITTED CRIMINAL VIOLATIONS. IN PARTICULAR, PROSECUTORS SAY HE KNOWINGLY MISLED HIS ATTORNEYS SO THAT THEY WOULD FILE A SWORN STATEMENT LAST JUNE THAT HE KNEW WAS FALSE, CLAIMING THAT A DILIGENT SEARCH OF HIS MAR-A-LAGO ESTATE FOUND THAT HE HAD TURNED OVER ALL THE CLASSIFIED DOCUMENTS IN HIS POSSESSION. >> THEY HAD A SMALL NUMBER OF BOXES IN STORAGE AT MAR-A-LAGO, GUARDED BY SECRET SERVICE PROSECUTOR SAY MORE THAN ONE HUNDRED ADDITIONAL CLASSIFIED DOCUMENTS WERE FOUND. TWO MONTHS LATER WHEN THE FBI SEARCHED HIS PREMISES. THE JUDGE'S ORDER DOESN'T MEAN THAT TRUMP IS GUILTY OR THAT HE WILL BE CHARGED, BUT IT DOES MEAN THAT PROSECUTORS HAVE PRESENTED COMPELLING PRELIMINARY EVIDENCE HE MAY HAVE COMMITTED A CRIME. TRUMP HAS REPEATEDLY DENIED ANY WRONGDOING IN HIS HANDLING OF CLASSIFIED DOCUMENTS. TWO OF TRUMP'S LAWYERS HAD CLAIMED ATTORNEY-CLIENT PRIVILEGE AND REFUSING TO TESTIFY IN THE CASE. >> BUT THE FEDERAL JUDGE HAS RULED THAT THE PRIVILEGE CAN BE PIERCED BECAUSE THERE'S ENOUGH EVIDENCE TRUMP MISLED THEM. AND BROKE THE LAW. THE JUDGE ORDERED ONE OF TRUMP'S LAWYERS TO HAND OVER A NUMBER OF RECORDS, SOURCES TELLING ABC NEWS THAT INCLUDES HANDWRITTEN NOTES, INVOICES AND TRANSCRIPTS OF AUDIO RECORDINGS, ALL RELATED TO WHAT THE JUDGE CALLED TRUMP'S ALLEGED CRIMINALS. SCHEME. >> TRUMP HAS APPEALED THE JUDGE'S ORDER AND A THREE JUDGE PANEL HAS STAYED THE ORDER WHILE THE APPEAL IS HEARD. >> CHIEF WASHINGTON CORRESPONDENT JONATHAN KARL, THANKS FOR THAT. >> AND LET'S TALK TO SENIOR INVESTIGATIVE REPORTER AARON KATERSKY LIVE FROM OUTSIDE THE COURT IN MANHATTAN AND INVESTIGATIVE REPORTER KATHERINE FAULDERS IN WASHINGTON WITH MORE ON ALL OF THIS. THANK YOU BOTH FOR COMING ON . KATHERINE , THE JUDGE IN THIS CLASSIFIED DOCUMENTS CASE A STEP DOWN AS CHIEF OF THE D.C. DISTRICT COURT ON FRIDAY. SHE'S NO LONGER OVERSEEING THIS CASE. HOW COULD THAT AFFECT THE INVESTIGATION MOVING FORWARD? RIGHT. SO NOW IT'S UNDER A DIFFERENT DISTRICT JUDGE, BUT I DON'T THINK THAT THIS AFFECTS THAT MUCH. RIGHT. THIS IS THE OPINION AND MEMORANDUM FROM A JUDGE. BUT WHAT WE KNOW IS THAT TRUMP'S LEGAL TEAM HAS APPEALED THIS TO THE CIRCUIT COURT. THEY'RE ASKING FOR AN IMMEDIATE STAY OF THIS RULING. IT'S THE CIRCUIT COURT COULD RULE VERY QUICKLY HERE. THEY SET THESE VIGOUROUS DEADLINES. TRUMP'S TEAM HAD TO REPLY BY LAST NIGHT AT MIDNIGHT AND THE GOVERNMENT HAD TO SUBMIT A REPLY AT 6:00 A.M. THIS MORNING. SO THIS IS MOVING VERY QUICKLY. I DON'T THINK IT WILL AFFECT THAT MUCH. OF COURSE, IT DEPENDS HOW THE CIRCUIT COURT RULES. BUT IF THEY RULE IN FAVOR OF THE GOVERNMENT, IT COULD REALLY WELL BE THAT CORCORAN LAWYER KEVIN CORCORAN COULD BE SHOWING UP AGAIN AT THE GRAND JURY VERY ,VERY SOON AARON. >> MEANWHILE, WE'RE AWAITING THE GRAND JURY'S DECISION ON WHETHER TO BRING CHARGES IN THE STORMY DANIELS HUSH MONEY CASE. WHATEVER ARE THEY LOOKING AT AND WHAT KIND OF CHARGES COULD WE SEE HERE? >> THE CHARGE COULD BE FALSIFICATION OF BUSINESS. RECORDS IN THE WAY THAT FORMER PRESIDENT TRUMP AND HIS COMPANY ACCOUNTED FOR A ONE HUNDRED THIRTY THOUSAND DOLLARS PAID TO STORMY DANIELS BY MICHAEL COHEN IN THE WEEKS BEFORE THE 2016 ELECTION. COHEN SAID AS LONG AS ROUTINE LEGAL EXPENSES, WHEN IN FACT, HE SAYS IT WAS MEANT TO POTENTIALLY PROTECT THE CAMPAIGN FROM ANY DAMAGE THAT DANIELS COULD HAVE CAUSED BY DISCLOSING ALLEGATIONS OF HER AFFAIR. EVEN THOUGH TRUMP HAS DENIED THAT THE TWO HAD ANY KIND OF SEXUAL ENCOUNTER IN ORDER TO MAKE THAT MORE THAN A MISDEMEANOR, THE PROSECUTORS AT THE MANHATTAN D.A.'S OFFICE WOULD HAVE TO SHOW THAT THE BUSINESS RECORDS WERE FALSIFIED IN FURTHERANCE OF ANOTHER CRIME. AND THAT COULD BE A STATE ELECTION VIOLATION. IT COULD BE A FEDERAL CAMPAIGN FINANCE VIOLATION. THOSE ARE UNTESTED, LEGAL THEORIES IN EITHER CASE, BUT THAT SEEMS TO BE WHERE THE DISTRICT ATTORNEY WANTS THIS CASE TO GO NOW. >> CATHERINE , WHAT'S THE RESPONSE IN WASHINGTON TO ALL OF THIS? >> WELL, LOOK, REPUBLICANS AND YOU'VE SEEN HOUSE REPUBLICANS ARE RESPONDING TO THIS POTENTIAL INDICTMENT FROM ALVIN BRAGG. THEY'RE ESSENTIALLY LAUNCHING THEIR OWN INVESTIGATION. THEY'RE SAYING INVESTIGATE THE INVESTIGATORS. THEY'VE REQUESTED THAT BRAGG PROVIDE TESTIMONY, THAT HE PROVIDE ALL DOCUMENTS AND COMMUNICATIONS RELATED TO THIS CASE. NOW, THIS ISN'T A SUBPOENA. IT'S JUST A REQUEST FOR DOCUMENTS. AT THIS POINT, IT'S UNLIKELY THAT YOU WILL SEE ANY RESPONSE FROM THE D.A. BUT THE BOTTOM LINE IS HERE THAT REPUBLICANS AND MAINLY HOUSE REPUBLICANS ARE USING THEIR INVESTIGATIVE COMMITTEES TO TRY AND INVESTIGATE US WHEN THEY DON'T REALLY KNOW THE POTENTIAL CHARGES THEMSELVES AND THE RALLYING BEHIND THE FORMER PRESIDENT AARON. >> IF TRUMP IS INDICTED, WHAT HAPPENS NEXT? AT SOME POINT, THE SECRET SERVICE WOULD GET INVOLVED AND ARRANGE HIS TRANSPORTATION HERE TO NEW YORK FROM FLORIDA SO HE COULD PRESENT HIMSELF IN COURT. WE THINK THIS WOULD BE A SURRENDER LIKE ANY WHITE COLLAR CRIMINAL DEFENDANT IS AFFORDED THE OPPORTUNITY WHETHER HE NEEDS TO BE PROCESSED LIKE OTHER POTENTIAL CRIMINALS. WE DON'T WE DON'T REALLY KNOW. HIS FINGERPRINTS ARE ON FILE. HE'S HAD A GUN PERMIT IN NEW YORK BEFORE, SO HIS FINGERPRINTS ARE HERE. WHETHER HE NEEDS TO BE PHOTOGRAPHED, WE'RE NOT SURE. PLENTY OF WAYS TO RECOGNIZE FORMER PRESIDENT TRUMP. SO THE USUAL PROCESSING MAY NOT APPLY, BUT AT SOME POINT HE WOULD LIKELY HAVE TO APPEAR IN AN OPEN COURTROOM FOR ARRAIGNMENT. >> AND THAT'S WHEN WE WOULD KNOW THE SPECIFICS OF ANY CHARGES. ALL RIGHT. KATHERINE FAULDERS AARON KATERSKY. >> THANK YOU BOTH. MEANWHILE, INVESTORS ARE AWAITING AN IMPORTANT DECISION BY THE FEDERAL RESERVE TODAY ON INTEREST RATES. HIGHER RATES COULD HELP COOL INFLATION, BUT THEY COULD ALSO FURTHER DESTABILIZE THE BANKING INDUSTRY. CHIEF BUSINESS CORRESPONDENT REBECCA JARVIS TELLS US WHAT WE CAN EXPECT. >> HI, REBECCA. TODAY'S FED DECISION IS A CRITICAL ONE TO THE STATE OF THE ECONOMY. IT WILL HAVE AN IMPACT ON YOUR MONEY. IT MOST IMMEDIATELY WILL IMPACT CREDIT CARD APPEARS. RIGHT NOW, THE AVERAGE IS ABOUT 20%. IF THE FED HIKES INTEREST RATES AND DOES THAT STAYS THE COURSE AND CONTINUES TO TRY TO FIGHT INFLATION BY HIKING INTEREST RATES, YOU WILL SEE THAT CREDIT CARD APR GO UP PRETTY QUICKLY TO ABOUT TWENTY POINT NINE PERCENT AND THAT WILL MEAN MORE EXPENSIVE INTEREST PAYMENTS ON YOUR CREDIT CARDS IF YOU WERE ONLY TO PAY THE MINIMUM ON THE AVERAGE CREDIT CARD BALANCE, WHICH IS ABOUT FIFTY EIGHT HUNDRED DOLLARS, IT'LL ADD ABOUT A HUNDRED DOLLARS IN INTEREST TO YOUR OVERALL PAYMENTS OVER TIME. AND IT'LL STILL, IF YOU'RE ONLY MAKING THOSE MINIMUM PAYMENTS, YOU'RE GOING TO BE HOLDING ON TO THAT DEBT FOR MANY, MANY YEARS TO COME. NOW, THE IMPORTANT THING TO ALSO THINK ABOUT IS WHAT THIS ALL MEANS FOR THE HOUSING MARKET. WE'VE ALREADY SEEN MORTGAGE RATES CLIMBING WITH THE FED AGGRESSIVELY HIKING RATES OVER THE LAST YEAR. ABOUT A YEAR AGO, YOU COULD GET A 30 YEAR FIXED RATE MORTGAGE FOR AROUND FOUR PERCENT TODAY. THAT'S GOING TO RUN MORE LIKE SEVEN PERCENT. AND IF YOU LOOK AT THAT IN REAL TERMS, ON A THREE HUNDRED THOUSAND DOLLAR MORTGAGE A YEAR AGO, YOU MIGHT HAVE PAID ABOUT FIFTEEN HUNDRED DOLLARS A MONTH ON THAT MORTGAGE TODAY BECAUSE MORTGAGE RATES AND INTEREST RATES HAVE BEEN CLIMBING. WHAT YOU'RE GOING TO PAY IS MORE LIKE NINETEEN HUNDRED DOLLARS. SO YOU SEE EVEN SMALL MOVES IN INTEREST RATES HAVE BIG OUTCOMES FOR WHAT YOU ULTIMATELY PAY, WHETHER IT'S YOUR CREDIT CARD BILL OR YOUR MORTGAGE. THE FED HAS TO TAKE ALL OF THIS IN TO CONSIDERATION, AS WELL AS THE TURBULENCE THAT WE'VE SEEN IN RECENT WEEKS. IN THE BANKING INDUSTRY. AND THE QUESTION IS , WILL THEY FACTOR IN, PRIORITIZE THAT BANKING TURBULENCE OVER THE FIGHT AGAINST INFLATION? WE WILL KNOW ALL THE ANSWERS COMING UP LATER THIS AFTERNOON. WHEN THEY MAKE THAT DECISION. BUT AGAIN, SOMETHING WITH MAJOR RIPPLE EFFECTS ON EVERYONE WATCHING RIGHT NOW. DIANE , CHIEF BUSINESS CORRESPONDENT, REBECCA JARVIS, THANK YOU. AND GERARD CASSIDY, MANAGING DIRECTOR . AHEAD OF US BANK STRATEGY FOR RBC CAPITAL MARKETS, JOINS ME NOW WITH MORE ON THIS STORY. THANK YOU FOR COMING ON . INFLATION IS STILL MORE THAN TRIPLE THE FED'S TARGET OF TWO PERCENT, BUT HIGHER RATE HIKES COULD FURTHER DESTABILIZE THE BANKING INDUSTRY. SO HOW DOES THE FED WEIGH THESE TWO FACTORS? WHAT'S AT STAKE HERE? >> IT'S A GREAT QUESTION, BRIANNA , BECAUSE THEY ARE REALLY STUCK BETWEEN THE PROVERBIAL ROCK AND A HARD PLACE. >> AND INFLATION IS ONE OF THE KEY METRICS THAT THEY HAVE TO CONTROL. AND AS YOU POINTED OUT, IT'S 3X WHAT THEY WANT IT TO BE. SO I THINK THAT'S GOING TO BE THE DOMINANT HEADLINE, BECAUSE THOUGH WE'VE HAD THIS FINANCIAL INSTABILITY WITH THE BANKS THAT YOU REFERENCED, IT'S STARTING TO COME DOWN FROM WHAT IT WAS LIKE TWO WEEKS AGO. AND SO I THINK THAT WHEN THEY LOOK AT WHAT THE TRENDS ARE ON DEPOSITS, THEY ACTUALLY WILL RAISE RATES BECAUSE INFLATION IS MUCH HIGHER THAN THEY SHOULD BE . >> YOU SAY YOU THINK THE RISK OF A BANK RUN IS OVER NOW. >> WHAT MAKES YOU SO CONFIDENT? AND CAN THE INDUSTRY SUSTAIN ANOTHER RATE HIKE? >> THE REASON WE'RE CONFIDENT THAT THE BANK RUN IS , WAS THAT IT WAS REALLY FOCUSED IN TWO OR THREE BANKS, AS YOU'RE PROBABLY FAMILIAR WITH SILICON VALLEY BANKS SIGNATURE AND FIRST REPUBLIC. AND WHEN YOU LOOK AT THE FEDERAL RESERVE'S DISCOUNT WINDOW, WHICH IS WHERE THE BANKS GO TO BORROW AS A LENDER, THE FED IS THE LENDER OF LAST RESORT. >> YOU COULD SEE THAT ALL OF LENDING OR BORROWING AT THE WINDOW TOOK PLACE IN SAN FRANCISCO, IN NEW YORK , WHERE THESE COMPANIES ARE LOCATED. THERE WAS NO CONTAGION. ST. LOUIS IN CLEVELAND, ATLANTA. WE DIDN'T SEE ANYTHING UNUSUAL THERE. >> THE BIG BANKS ARE TELLING US THE BIG REGIONALS AND THE MONEY CENTERS, THAT THERE'S NO OUTFLOW OF DEPOSITS MAGNITUDE. SO I DO THINK THE BANKS COULD HANDLE THE 25 BASIS POINT INCREASE. AND I DO THINK THAT THOSE BANKS THAT HAD THE RUNS WERE SO FAR OUTLIERS THAN YOUR NORMAL BANK. NOW, WHEN IT COMES TO THE ECONOMIC PICTURE OVERALL, THERE ARE A NUMBER OF MIXED FACTORS AT PLAY BETWEEN THE JOB MARKET, INFLATION, RECESSION FEARS, BANKING INSTABILITY. HOW DO YOU SEE THIS ALL PLAYING OUT LONG TERM? >> IT'S A REALLY GOOD QUESTION. BECAUSE THE CROSSCURRENTS IN DATA TODAY ARE INCREDIBLE. IN THE EMPLOYMENT MARKET, TO YOUR POINT, IS VERY STRONG ON THE YOU LOOK AT SOME OF THE OTHER METRICS THAT YOU REFERENCED AND EM NGUYEN POINTING YOU SLOW DOWN OUR RECESSION. SO IT'S REALLY CHALLENGING. I THINK WHAT'S GOING TO HAPPEN IS THEY HAVE TO GET THIS INFLATION UNDER CONTROL ONCE IT'S UNDER CONTROL AND HEADING TOWARD TWO TO THREE PERCENT, POSSIBLY BY THE END OF THIS YEAR, NEXT YEAR, THEY CAN START CUTTING RATES. >> BUT IT'S A LITTLE TOO EARLY FOR THAT. >> ALL RIGHT. CASSIDY OF RBC, WE APPRECIATE IT. GERARD, THANK YOU. >> AND THE LOS ANGELES COUNTY SCHOOL DISTRICT WORKERS ARE STRIKING FOR A SECOND DAY. THE SUPERINTENDENT SAYS HIS OFFER IS HISTORIC, BUT THE UNION SAYS IT'S NOT ENOUGH. NOW, PARENTS ARE CONCERNED THEIR KIDS ARE FALLING BEHIND. KAYNA WHITWORTH IS IN L.A. WITH THE LATEST. THE CITY OF ANGELS PREPARING ITSELF FOR DAY TWO OF A MASSIVE STRIKE THAT IS SHUTTING DOWN THE SECOND LARGEST SCHOOL DISTRICT IN THE COUNTRY. >> MORE THAN 60000 SCHOOL SERVICE WORKERS, INCLUDING TEACHERS AIDES, BUS DRIVERS AND CAFETERIA WORKERS HITTING THE PICKET LINES AFTER THEIR CONTRACT NEGOTIATIONS STALLED. >> TEACHERS SUPPORTING THEM IN THE THREE DAY STRIKE. WE CAN'T AFFORD TO PAY THE SERVICE WORKERS UNION WITHOUT CONTRACT, SINCE 2024 IS CALLING FOR HIGHER WAGES AND CLAIMING THE SUPERINTENDENT REPORTEDLY CALLED THEIR PLANNED STRIKE A CIRCUS WITH MORE THAN 420000 STUDENTS IN THE DISTRICT OUT OF CLASS. >> SOME PARENTS CONCERNED ABOUT THE IMPACT ON THEIR KIDS FEEL THAT THEY'RE PROBABLY BEING LEFT BEHIND. >> I KNOW PARENTS ARE FRUSTRATED BY THE STRIKE, BUT I WANT TO KNOW OUR WORKING CONDITIONS, OUR CHILDREN'S LEARNING CONDITIONS. AND WE WHAT'S BEST FOR OUR CHILDREN. >> THE L.A. SCHOOL SUPERINTENDENT SAYING THEY'RE READY TO RETURN TO NEGOTIATIONS AND DEFENDING THE DISTRICT'S OFFER OF A 23 PERCENT PAY INCREASE OVER FIVE YEARS. BUT THE UNION SAYS THAT'S NOT ENOUGH. MANY SERVICE WORKERS LIVING BELOW THE POVERTY LINE. THE MEDIAN INCOME, JUST 25000 DOLLARS A YEAR. >> I'M THE ONE TO PEOPLE THAT WORKING TWENTY FIVE THOUSAND. WE'RE TRYING TO MAKE IT PRETTY HARD. GIVE A CHICK A CHICK COMMUNITY VOLUNTEER STEPPING UP TO HELP RECREATION CENTERS, PROVIDING THREE DAYS WORTH OF SCHOOL LUNCHES FOR LAUSD FAMILIES TO PICK UP. >> L.A. RAMS SUPER BOWL CHAMP AARON DONALD. AMONG THOSE PITCHING IN TO PACK MEALS FOR STUDENTS. >> AND DIANE COMPARING XI TO GOT A SCHOOL BOARD MEETING YESTERDAY EXPRESSING CONCERN ABOUT WHAT THIS IS DOING FOR STUDENTS. ONE PARENT WENT SO FAR AS TO SAY THE FINDINGS FROM THE DISTRICT'S SHOULD BE ABOUT EDUCATION. HOWARD AM KAYNA WHITWORTH IN LOS ANGELES. >> THANK YOU FOR THAT. AND UKRAINIAN OFFICIALS SAY RUSSIA LAUNCHED TWENTY ONE LETHAL ATTACK DRONES OVERNIGHT, 16 OF WHICH WERE SHOT DOWN. THE ATTACKS CAME BEFORE CHINESE LEADER XI JINPING HAD EVEN LEFT MOSCOW AFTER A THREE DAY TRIP WHERE HE MET WITH VLADIMIR PUTIN. >> THE TWO LEADERS PROCLAIMED THEY WANT TO MAKE PEACE IN UKRAINE. FOREIGN CORRESPONDENT TOM SOUFI BURRIDGE IS IN KYIV WITH MORE TIME. >> AN INTERESTING CHOICE OF WORDS. GIVEN WHAT WE'RE LEARNING NOW, WHAT DO WE KNOW ABOUT THIS LATEST WAVE OF RUSSIAN ATTACKS ? >> YET THE MOST BRAZEN ATTACK DONE WAS IN THE SOUTHERN CITY OF SEPARATION, HITTING AN APARTMENT BLOCK RIGHT IN THE CITY CENTER. MORE THAN A DOZEN PEOPLE INJURED, INCLUDING CHILDREN, AT LEAST TWO PEOPLE IN A SERIOUS CONDITION. INCREDIBLY, NO ONE KILLED IN THAT MISSILE ATTACK. THE RUSSIANS ALSO LAUNCHING LETHAL DRONE ATTACKS. THOSE IRANIAN MADE DRONES ACROSS THE COUNTRY IN THIS REGION OF KYIV. AND A TARGET HIT TO THE SOUTHEAST OF KYIV IN A TOWN THAT'S NOT CLEAR IN THAT CASE. WHAT WAS THE SPECIFIC TARGET? THEY HIT AN APARTMENT BUILDING, BUT THE RUSSIANS ARE CLAIMING THAT UKRAINIAN MILITARY PERSONNEL WERE INSIDE. THE UKRAINIANS DISPUTING THAT. I MEAN, WE'RE IN A CEMETERY JUST ON THE EDGE OF KYIV. YOU CAN SEE THE MILITARY GRAVES BEHIND ME. ONE OF THOSE SOLDIERS KILLED IN PARLIAMENT, AND THAT IS THE CITY REALLY SEEING THE MOST FIERCE FIGHTING RIGHT NOW IN EASTERN UKRAINE. AND PRESIDENT ZELENSKYY GOING INTO THAT AREA WITHIN THE LAST 24 HOURS, MEETING TROOPS REALLY IN A MESSAGE OF DEFIANCE ON THE , YOU KNOW, THE WAKE OF THAT SUMMIT FROM PRESIDENT XI AND PRESIDENT PUTIN. JUST AS THOSE THOSE LEADERS WERE CALLING FOR SOME KIND OF PEACE PROPOSAL. RUSSIA WAS FIRING MISSILES AND DRONES INTO UKRAINIAN TERRITORY ONCE AGAIN AT TODD ANT. >> MEANWHILE, A GROUP OF 65 UKRAINIAN SOLDIERS ARE WRAPPING UP TRAINING ON THE PATRIOT SURFACE TO AIR MISSILE SYSTEM IN OKLAHOMA. SO WHEN COULD WE SEE THAT DEPLOYED ON THE BATTLEFIELD? AND HOW MUCH OF A DIFFERENCE WOULD THAT MAKE? >> YEAH, THAT'S RIGHT, DON . THE 65 UKRAINIAN TROOPS THERE TRAINING AT FORT SILL, OKLAHOMA, ARE COMING TO AN END. THAT MEANS THAT THE PATRIOT SYSTEMS COULD BE IN UKRAINE WITHIN A MATTER OF WEEKS, ACCORDING TO U.S. OFFICIALS. AND THAT'S HAPPENED MORE QUICKLY THAN ANTICIPATED. THAT'S BECAUSE THOSE UKRAINIAN TROOPS HAVE SURPASSED EXPECTATIONS. THEY'VE ONCE AGAIN, THE UKRAINIAN MILITARY PROVED THEMSELVES TO BE ADEPT AT ADAPTING TO NEW, HIGHLY COMPLEX SYSTEMS. THOSE PATRIOTS ARE GOING TO MAKE A HUGE DIFFERENCE AT THE HIGH END OF ALL THE DIFFERENT TYPES OF AIR DEFENSE SYSTEMS, WHICH THE WEST WEST HAVE GIVEN UKRAINE. AND THEY'RE GOING TO MAKE A BIG DIFFERENCE PROTECTING UKRAINIAN CITIES. WE'VE ALSO GOT A BIG UPDATE ON U.S. TANKS. THE U.S. HAS CHANGED ITS STRATEGY. IT WAS GOING TO PROVIDE THE LATEST VERSION OF THE ABRAMS TANKS TO THE UKRAINIAN MILITARY. BUT ACTUALLY , THEY'RE GOING TO PROVIDE AN OLDER VERSION. NOW, THE REASON BEING, IT MEANS THEY CAN GET THOSE OLDER, REFURBISHED VERSIONS MUCH MORE QUICKLY INTO UKRAINE. THOSE ABRAMS TANKS COULD BE HERE BY THE FALL. >> DIANE BURRAGE IN KYIV. TOM , THANK YOU. STAY SAFE . COMING UP, IT'S THE EXCLUSIVE SOCIAL CLUB WORKING TO SUPPORT AND MOBILIZE PEOPLE OF COLOR WITH THE BROTHERS BEHIND HQ, D.C. HOUSE. AND YOU HAVE ARE WORKING TO INSPIRE THE NEXT GENERATION. ALSO AHEAD, COULD ELECTRIC VEHICLES KILL A HAM RADIO? WE'LL BREAK DOWN THE BATTLE BREWING OVER WHETHER TO REMOVE THE FREQUENCY AFTER THIS BACK . >> WELCOME BACK. LAWMAKERS ARE FIGHTING TO KEEP A HAM RADIO IN CARS AFTER ELECTRIC VEHICLE MANUFACTURERS SAY THEY PLAN TO PHASE IT OUT FROM NEWER VEHICLES. SUPPORTERS SAY IT'S NEEDED FOR PUBLIC SAFETY AND EMERGENCY ALERT INFORMATION. ABC'S DAHLA MILES HAS THAT STORY. >> I WOULD THINK THAT IF ELON MUSK HAS ENOUGH MONEY TO BUY TWITTER AND SEND ROCKETS TO SPACE, HE CAN AFFORD TO INCLUDE A HAM RADIO IN HIS TESLA. >> THE HIGH VOLTAGE AND ELECTRIC CARS CREATES TOO MUCH STATIC TO HEAR AND RADIO STATIONS CLEARLY SO IN 2018, TESLA TOOK IT OUT. FORD IS NOW FOLLOWING SUIT BEHIND THE AUDI, PORSCHE, VOLVO AND VOLKSWAGEN. EVEY'S. THAT IS A PROBLEM FOR SOME LAWMAKERS WHO ARE PROPOSING LEGISLATION TO STOP THE DECISION TO REMOVE AMN RADIOS FROM OUR CARS AND TRUCKS PUTS PUBLIC SAFETY AT RISK. >> THERE ARE 4500 AM RADIO STATIONS NATIONWIDE, 77 IN NEW JERSEY, WITH 50 MILLION LISTENERS DURING 9/11. SUPERSTORM SANDY, EVEN THE JANUARY POWERGRID ATTACK IN NORTH CAROLINA, A HAM RADIO WAS THE PRIMARY MEANS OF COMMUNICATION. BOARD ISSUED A STATEMENT SAYING A MAJORITY OF U.S. STATIONS AND AUTOMAKERS GLOBALLY ARE MODERNIZING RADIO BY OFFERING INTERNET STREAMING THROUGH MOBILE APPS FM DIGITAL AND SATELLITE RADIO OPTIONS. FORD WILL CONTINUE TO OFFER THESE AS AN ALTERNATIVE. AS WE REMOVE AMPLITUDE MODULATION, THE DEFINITION OF AM. >> IN THIS CASE, THE PEOPLE WHO ARE LISTENING TO AM RADIO MAKE UP A FAIRLY SMALL PORTION OF OUR CUSTOMER BASE OR MANY AM RADIO IS A CREATURE COMFORT. >> THE GOOD THING ABOUT RADIO IS IT'S BEEN AROUND FOR OVER 100 YEARS AND THE THE DEATH OF IT HAS BEEN YEILD MANY TIMES. WBCSD DALIL MILES, THANK YOU FOR THAT. COMING UP AT THE BLACK OWNED BUSINESS, TAKING ON EXCLUSIVE SOCIAL CLUBS LIKE SOHO HOUSE GO INSIDE THE MEMBERS ONLY WORKSPACE. AMY PHIL LIPOF COMMUNITYRY IS . >> WE'LL TAKE YOU THERE. YOU'RE STREAMING, "ABC NEWS LIVE". WELCOME BACK, MEMBERS. ONLY CREATIVE SPACES LIKE SOHO HOUSE HAVE BECOME INCREASINGLY POPULAR IN MAJOR, MAJOR CITIES AROUND THE WORLD. NOW THE SO-CALLED BERN'S BROTHERS ARE GETTING IN ON THE ACTION WITH AN EMPOWERING TWIST. IKE EJIOCHI HAS THE STORY BEHIND HQ DC HOUSE. >> WELCOME , WELCOME , WELCOME , WELCOME . IT'S THE FIRST OF ITS KIND CLUB ON THE DC, AC, DC AS A MEMBERS ONLY LUXURY KIND OF SOCIAL AND CULTURAL SPACE HERE IN WASHINGTON, DC. >> FOUR STORIES AND TWELVE THOUSAND SQUARE FEET OF WORKSPACES LOUNGES. A BARISTA, A WELLNESS SPACE AND EVEN A ROOM FOR MUSIC SESSIONS. AND IT'S BUILT TO SUPPORT MOBILIZE PEOPLE OF COLOR. >> THERE'S NO REAL SPACE FOR YOU TO GO. IT FEELS LUXURY THAT FEELS SPECIAL TO WHERE YOU CAN EITHER GO TO INTERACT WITH PEOPLE ARE YOU CAN JUST KIND OF COME TO JUST DECOMPRESS AND BE YOURSELF. >> HOW LONG IS IT GOING TO TAKE, DO YOU THINK? HOPEFULLY WHAT I DO, THAT'S MIKE AND JOHN BURNS, THE CORPORATE EXECUTIVE AND ATTORNEY, ARE THE CREATORS OF HQ HOUSE. FOR A FEE, THE BURNS BROTHERS SAY MEMBERS WILL HAVE ACCESS TO ALL OF THESE SPACES TO NETWORK AND COLLABORATE. THERE'S VERY HIGH END KIND OF COWORKING OPPORTUNITIES DURING THE DAY DURING THE WEEK AND ON THE WEEKENDS TO HAVE ABOUT FIFTEEN EVENTS AND ACTIVATIONS A MONTH FOR MEMBERS FROM, YOU KNOW, VERY HIGH END DINNER SERIES TO GAME NIGHT WATCH PARTIES THERE AIDING AND ABETTING THE DREAMS OF OTHERS, NAMELY PEOPLE OF COLOR AND MORE SPECIFICALLY, BLACK PEOPLE, THE BIRCH BROTHERS, FROM GETTING SOME HELP WITH A LITTLE STAR POWER. WE NEED YOU ON THE STREETS. I'M THE GAME. AWARD WINNING ACTOR OMARI HARDWICK PLAYED GHOST IN THE HIT SHOW POWER. >> HE'S KNOWN THE BROTHERS FOR NEARLY 15 YEARS. WORKING WITH THEM ON SEVERAL VENTURES. >> THE BURNS BROTHERS HAVE REALLY BECOME IN THEIR OWN RIGHT, A SORT OF MOVEMENT, IF YOU WILL , A SORT OF NEW CIVIL RIGHTS MOVEMENT. >> A MOVEMENT THAT'S IN THEIR BLOOD. >> DR DIANA BURNS, BANKS IS THEIR MOTHER. SHE PROVIDED HEALTH CARE TO CHILDREN LIVING IN POVERTY BY CREATING ONE OF TEXAS'S LARGEST PRIVATE PEDIATRIC PRACTICES. >> RAISED IN THE 50S AND 60S. DR. BURNS BANKS WAS ONE OF THE FIRST STUDENTS TO DESEGREGATE HER SCHOOL IN MERIDIAN, MISSISSIPPI. AND IT'S A REAL STRANGE TO SEE DISCRIMINATION IS SUCH A FORM WHERE YOU CAN COME AND SIT IN A ROOM AND EVERYBODY MOVES THEIR CHAIR AWAY FROM YOU, WHICH IS A STRANGE FEELING. >> THEY LEAVE YOU SITTING IN THE MIDDLE OF THE ROOM ALONE, ALONE. BUT YOU IT RATHER THAN MAKING YOU FEEL ALONE, IT MAKES YOU FEEL DETERMINED, MADE US FEEL DETERMINED THAT WE WOULD, NO MATTER WHAT, WE WOULD SUCCEED. >> SHE ENROLLED HER BOYS INTO MILITARY SCHOOL WHERE THEY BOTH EARNED HIGH HONORS. MIKE WENT ON TO FLY APACHE HELICOPTERS IN AFGHANISTAN, IN IRAQ AND WAS SELECTED BY GEN.. DAVID PETRAEUS TO LEAD THE REBUILD OF FOUR CITIES IN NORTHERN IRAQ. HIS BROTHER JOHN BECAME THE FIRST BLACK PARTNER IN HIS LAW FIRM, EVENTUALLY COMING TOGETHER AGAIN TO BUILD UP THEIR COMMUNITIES FOR THEIR MULTIPLE COMPANIES. >> WE HAVE A CORE DNA AND TALENT AND CULTURE COMPANY CALLED THE COLLECTIVE. WE HAVE A MARKETING COMMUNICATION COMPANY CALLED MANCHESTER PARC. WE HAVE A CELEBRITY SPEAKER SERIES CALLED ICON TALKS. WE ALSO HAVE A PRODUCTION COMPANY CALLED STYLE BY THE BURNS BROTHERS. AND THEN FINALLY, OUR FIT COMPANY IS HQ DC HOUSE. >> IT'S AN IDEA THAT STARTED IN THE SUMMER OF 2024 AND HANDS ON RACIAL JUSTICE. >> PROTESTS ERUPTED ACROSS THE COUNTRY FOLLOWING THE KILLING OF GEORGE FLOYD AT THE HANDS OF MINNEAPOLIS. >> POLICE OFFICERS IN MY OFFICE ,MY TV AND MY BACKGROUND. AND IT'S PLAYING THE EIGHT AND A HALF MINUTE VIDEO OVER AND OVER AND OVER. >> GEORGE FLOYD AND THEN BEHIND MY COMPUTER MONITORS, I HAVE A PICTURE OF MY TWO LITTLE BLACK BOYS, AND I'M ON THIS PHONE CALL TALKING ABOUT REAL ESTATE DOWNSIZING. AND I WAS LIKE, HOW IN THE WORLD IS THIS PHONE CALL GOING TO CHANGE THE SITUATION FOR MY LITTLE BLACK BOYS? SO IT NEVER BECOMES LIKE WHAT'S HAPPENING ON THE TV? AND I HOPE THE PHONE CALL I PICKED UP THE PHONE AND CALLED JOHN AND I SAID, DO YOU WANT TO GO OUT AND CHANGE THE WORLD? >> BOTH BROTHERS LEFT THEIR LUCRATIVE CORPORATE JOBS TO GO ALL IN ON THE BURNS BROTHERS FIRM. AN UMBRELLA CORPORATION CONTAINING FIVE COMPANIES. TAYLOR TO SERVE COMMUNITIES OF COLOR. >> ALL OF OUR COMPANIES ARE REALLY BUILT AROUND THE IMPORTANCE OF EMPOWERING, UPLIFTING, SUPPORTING AND MOBILIZING COMMUNITY AND REALLY UPLIFTING THE VOICES THAT ARE UNDERREPRESENTED, UNHEARD, THE BURNS BROTHERS ARE UPLIFTING PEOPLE OF COLOR IN THEIR OWN WAY. THEY'RE BREAKING DOWN STEREOTYPES CATERING TO AN UNDERSERVED DEMOGRAPHIC AND SETTING STRONG, POSITIVE EXAMPLES FOR THE NEXT GENERATION. IKE EJIOCHI, THANK YOU FOR THAT AND THANK YOU FOR STREAMING WITH US. I'M DIANE MACEDO "ABC NEWS LIVE" IS HERE FOR YOU. ANY TIME WITH THE LATEST NEWS, CONTEXT AND ANALYSIS, YOU CAN ALWAYS FIND US ON HULU. THE ABC NEWS APP, AND OF COURSE ON ABCNEWS.COM. THE NEWS NEVER STOPS. WE'LL BE RIG