in better than better-than-expe cted, the market good love if futures way up right now, we have the latest moments ago, us secretary of state antony blinken suggested that hamas is moving the goal posts on ceasefire and hostage hostage negotiations. >> so where do things stand now and just in italian media reporting, the pope tuesday, homophobic slur behind closed doors again, this is a second and consecutive months sara sidner is out. i'm john berman with kate baldwin in this is cnn news central all right the breaking. news that type of in-flight inflation data that a lot of people were hoping for. let's get right to cnn's rahel solomon with the very latest on this. what are the numbers show real? >> yeah, john, it may be somewhere outside, but it is cooling off in the inflation report, at least this inflation report. so this is cpi, the consumer price index. and what it shows is a better-than-expec ted measure on really every level, john. so let's talk about headline annual inflation that came in at 3.3%. this index increasing at 3.3% that is better than we saw the month prior. that is better than economists were expecting when you look at it on a monthly basis. and we haven't seen a figure like this since july of 2022. i want to say, and so inflation did not increase on a monthly basis. you like to see that now cpi is a basket of goods and services and the government sort of measure jurors that the price difference over time. so that's what we're talking about here. but john, even if you were to remove volatile categories, categories like food categories like energy, you get what's called core inflation. and this is a better underlying indicator of inflation and what the federal reserve has control over that also came at better-than-expected, both on ahead blind annual basis and on a monthly basis, really quickly to talk about some of the sectors which we're showing you here. gas prices, energy prices, those fell, food prices did tick up slightly ever so slightly and shelter, which has been especially stubborn has also increased in the month widget continues to do. now, let me tell you why futures are popping on this news are so happy about the zoo's investors welcoming this news with open arms because john, as you might remember earlier this year, we had a string not sure if the dow is correct because a moment ago when i saw the dow, it was actually up about 220 points, so we'll work on that for you. but the reason why futures were largely up, at least they were a few moments ago, is because we had gotten a string report after report after report, whether it was inflation, whether it was a labor market that was coming in stronger than expected? what that did those hot reports essentially through water on the idea that we might see rate cuts anytime soon. >> and so you get a report like this. >> i'll pull it up here. you get a report like this from the bls, which suggests that, okay, inflation is starting to cool again, it is starting to accommodate, be accommodating. well, that and puts rate cuts back on the table. there are four right. meetings. the rest of this year after this meeting, we will obviously here from jay powell and about six hours. but after this meeting, there are four meetings and so do we see more than one rate cut again? and so it just makes that conversation more active again because after these really hot inflation reports, it started to feel like, well, maybe we won't get any rate cuts or maybe we will only get one. >> and so we're back in the game, john, for all of those who were hoping for a rape gut, they are back in the game after a report like this, back in the game inflation slows down more than expected. >> what people want to see were hell solomon, thanks so much for explaining it so well, thank you. >> so president biden is headed to italy today. he's about to take off. you can see air force one right there. he's headed to italy for the g7 summit. there biden will be sitting down with world leaders with huge issues on the agenda, including the israel-hamas war. and moments ago, secretary of state tony blinken made his first substantive remarks after hamas offered its response to the us backed hostage and ceasefire deal approved by the un security council. this week. listen to tony blinken hamas has proposed numerous changes to the proposal that was on the table. we discussed those changes last night with depression colleagues and today with the prime minister some of the changes are workable some are not blinken, not immediately providing detail on what changes hamas once what the numerous changes are that they're proposing, seen as robertson is in italy ahead of the g7 summit. >> and nick tony blinken when out of his way to say g7 liters are among those who have all voiced their support for this hostage and ceasefire deal yeah, they have. >> so when they meet here where president biden everyone gets into town late tonight and i began meeting tomorrow perhaps this is not going to be a central ticket item on the planned agenda. but because of the bumps and the road getting to where we're at on these talks that egypt and qatar interlocutors on. undoubtedly, there's gonna be some discussion about how the g7 nations can help me please the ball forward because the narrative has been put pressure on hamas, put pressure on hamas it doesn't matter which diplomats in which country you're talking to either in the region or in europe that's the narrative at the moment. so you will have here the leaders of the ua and turkey who are not members of the g7, but will be undoubtedly consulted in conversations about how they can use their influence over hamas luck. we know that they're hamas leaders, the political leaders who live outside of gaza so they've been to turkey, they've met with president erdogan, the uae. has, has an influence in the region as well. saudi arabia, crown prince it's mohammed bin salman's still not clear as of yesterday because of the health of the king back in saudi arabia, whether or not he'll be here, but he's also invited and a key stakeholder and the humanitarian support and the rebuilding of gaza when there's a piece they'll, so these countries do have implements and do have a voice. so perhaps there'll be brought into the conversation, but it's not clear how they are actually going to leverage hamas who have already been under a lot of pressure already, who are clearly holding out for they think they're in a better position. we heard that indicated from the hamas leader yahya sinwar he thinks that they have israel, right where they want them according to documents seen by the wall street journal. so it's not clear what pressure can be applied, but conversations here that will be the question asked, how do we do and how do we move the ball forward? >> yeah, quite a moment in this one of many important issues that the world leaders are going to be hitting on great to have you, nick, thank you so much, john. >> with us now, max boot, a senior fellow at the council on foreign relations, washington post columnist and the author of reagan, his life and legend, max, it is great to see you. i just want to read you again with the secretary just said because his words were carefully chosen and i think reflect the moment we're in the ceasefire and hostage discussions. the secretary said you get to a point where if one side continues to change its demands, including making demands on insisting on changes for things that had already accepted you have to question whether the proceeding and good faith or not. he says hamas is changing as demands. he says, the gaps he thinks are bridged able. but what do you make this? >> well, i'm doubtful that the gaps are actually bridge evolving. we've seen this going on for many months where the us has been searching for a ceasefire. it seems like there's progress being made, but at the end of the day, it falls through on in this case, it's falling through because of hamas and obviously israel it gets a lot of international criticism and understandably so because of all the civilian casualties being inflicted in gaza, but let's listen to what secretary blinken, president biden, and other g7 liters are saying, which is that right now, the fault lies with hamas. they could stop the war tomorrow if they would just agree to these ceasefire terms. they refuse to do so because as nic robertson was pointing out there's every indication that the hamas leadership thinks that's in their interest to see more dead palestinians, because that puts more pressure on israel. >> this proposal has the weight of un approval. you also think egypt, qatar, other nations, or more invested. seems like they're more invested in at this time maybe then they had been before. does that have any soy with hamas? >> sure doesn't look like it. i mean uis sinwar, who is hiding probably in some tunnel and in gaza has just rejected these terms. and the biden administration had some hopes that they could use egypt and qatar and other arab states to pressure him clearly, it has not worked. sinwar is playing his own game and he doesn't seem to care how many palestinians pay the price for continuing this war? >> so president biden on his way to europe right now for these g7 meetings hell of a lot is going on in europe over the last few days. these european parliament elections where the far-right parties have done very well extremely well in countries like france where emmanuel macron has called the snap elections. how do you think that will impact? the discussions over the next few days? >> well, clearly this is going to be something that all of the g7 liters can commiserate over aside, of course, from prime minister meloni, the host of italy, who is herself from the far-right. so she doesn't see this as a threat. i would just put what happened in europe and a little context, john, which has yes, the big story certainly from france in particular, is the very strong showing of the national rally, the far-right party. but keeping having it all in perspective, they're also a lot of countries where the far-right did not do so on that end of the day, the far-right is stilled, only going to be something like the fifth largest party in the european parliament. it's still the center right? in the center left, which are the largest party. so let's not exaggerate and let's keep in mind that and in a few weeks time in the uk the labour party is almost certain to win a massive landslide election victory. so i would not say that the far-right is taking over all of europe, but clearly they are resurgent in france and germany in particular. and that is something that is of mutual concern not only to president biden, but his fellow g7 liters, in part because so many of these far-right parties are sympathetic to russia. some of them have been financed by russia. and so they are not going to continue to support ukraine if they reach power you have this book on ronald reagan, which is so interesting in such an interesting moment because president biden for the anniversary of d-day, the 80th anniversary, just spoke in places and spoke in ways very reminiscent of where and how ronald reagan spoke 40 years ago in a way. >> and i don't think it was a mistake. i think this is very much on purpose suggesting that his foreign policy binds is much more similar to ronald reagan's than donald trump's is to ronald reagan's. yeah. so and i don't think that was a coincidence. that was the message you wanted to convey without coming out what i'm saying so and it's one of these great ironies of history. in 1984 when, when ronald reagan was in europe for the 40th anniversary of d-day and gave of course, is very famous speech about the boys upon to hawk. he was really talking about the need for transatlantic unity for strengthening nato in the face of the soviet threat. and now president biden is trying to deliver a very similar message about strengthening nato in the face of the russian threat knowing of course that ronald reagan's own party has largely abandoned the very positions that he espoused in the 19. and i think he's trying to drive home. the fact that in fact, as you say, his foreign policy has a lot more in common with ronald reagan's than it does with donald trump's next food. great to see you looking forward to reading the book, i appreciate it. >> all right a special election overnight with the republican candidate underperforms where donald trump was before. so how significant? >> is that and then a supreme court ruling, could that end up helping hunter biden after his conviction on doug charges? >> and one of america's greatest athletes. >> i mean a legend. >> no one is like this man will not compete in the preeminent contest in his field. how can we let this stand hi, i'm hearing music check to check. one-to-one to check, check i do not hear myself that i do not hear any echo myself. >> no. everything sounds normal. just so your music hey, thank you hortness of breath and your regular heartbeat could be something more serious called attr cn we're under diagnosed disease that worsens over time. something like, you call your card pretty allergist and ask about attr sam did you know sling has your favorite news programs were just $40 a month my favorite news, but just $40 a month? my favorite was for just $40 a news for $40 a month. sling lets you do that. >> why choose asleep numbers? smart bad can it keep me warm when i'm cold? wait, no, i'm always hot. >> sleep number doesn't can i make my side softer? i think my side firmer. >> number. does that can help us sleep better and better. >> sleep number does that 94% of smart sleepers report better sleep? now say 40% of the speed number specialization smart that plus your percentage interests for 24 months, shop now at sleep number.com the greatest general in history. his body and his tomb are missing but he's, you know, the new season begins with the hunt for alexander the great's tomb next wednesday, if nine and discovery and stream on max this morning, hunter biden is a convicted felon. he is expected to appeal his conviction on these felony gun charges, and is supreme court ruling on a separate case. might be in his favor, or at least it's certainly something his lawyers are going to cite. let's get right to cnn senior supreme court analyst joan biskupic, the author of nine black robes out now in paperback so what are hunting a hunter? biden's lawyers looking at when it comes to the suffering in court sure. >> good to see you, john. it's just a coincidence that right now this case of hunter biden will be proceeding on appeals as the us supreme court is clarifying the rules for when a defendant can challenge a federal gun regulation right now, the justices are resolving just what those standards should be and the whole or deal with the court traces to a ruling two years ago that greatly expanded second amendment gun rights. the justices world in a way that said that a gun regulation could be upheld only if it's part of america's historical tradition of firearm regulation. that is very high standard to make meat. and it's also a confusing standard for lower court judges who have tried to look at what about gun possession for someone who was a drug addict or a drug user as in hunter biden's case, or in the case the justices are deciding right now, what about someone who is is subject to a domestic violence restraining order and under federal law would be prohibited from owning a firearm that individual man by the name of rahimi has challenged the case. the justices are now deciding and john, they could even give us an answer as soon as tomorrow. and the question is, how does that standard from two years ago tied to the historical tradition of firearm regulation, play out. now for what you would think would be more modern regulations, for example, for someone subject to a domestic violence restraining order. so we'll get more clarity from the justices. on that part of federal firearms law. but at the same time, there's also a case up there that really is similar to a hunter biden's where a defendant is challenging a part of the federal law that prohibits gun possession for someone who either was a drug user or addicted to drugs at the time. and a lower court has ruled that under the supreme court's test of two years ago, that federal law can cannot be enforced. the federal government is defending that law in the case of another defendant not at all related to the hunter biden case. but as you can see, john, however, the justices begin to clarify this will affect how hunter biden might be able to appeal his gun conviction, john? >> yeah. no question about that. the lawyers we pouring through the ruling word by word jump is keep a great to see this morning. thank you. kate. >> and joining us right now is democratic strategists keith boykins. he's a former clinton white house aide and cnn senior political commentator, david urban, republican strategist and former trump campaign adviser, david, there is the legal reaction and the legal future when it comes to hunter biden's case. and then there's the political reaction to this case. i want to play for you how the room so get republican house speaker reactant to this verdict but mr. speaker, you've been saying two tier system of justice for some time. >> here's the president said, be convicted on three counts as that undercut your client it doesn't every case is different and clearly the evidence is overwhelming here. i don't think that's the case and the trump drop and then there's this from james comer. today's verdict is a step toward accountability, but until the department of justice investigates, everyone involved in the purported scheme, mr. comer said statement, it will be clear. >> department officials continue to cover for the president reiterating what remains baseless claim that president biden has been involved in bribery scheme. david is, yes, but a strong strategy on the tail of this now a look, i think that is case stands by itself if republicans just can't acknowledge that the justice was served here, this case was brought. it was a strong case, a hunter biden faces yet another case coming up september 5, he's being tried just as anyone else would be tried i think that it's just it's reality. there are two things can be true here, kate donald trump was found guilty by a jury in new york, which was overwhelmingly voted against donald trump in the general election, and 100 biden was found guilty in a state where his family is love and beloved. i mean, you saw the jurors the jury pool here. lots of folks ties to the biden family, and he was convicted. so i don't believe that the statement by the by the speakers hundred percent correct. that there are two systems of justice here. i think this case kind of illustrates that point. if the president had something to do with it, you think it let his son is lost, one son to tragic death and he's got a sudden now whose face some serious, serious substance abuse issues clearly what it put his thumb on the scale if he could've right to preclude this from happening, and it didn't happen. so i think republicans need to figure out a different talking point. for this specific case. >> yeah. qizan apply for you then reaction from democratic congressman jamie raskin on how his take on how democrats are responding. listen to this and i'm not heard a single democrat anywhere in the country cry fraud cry fixed, cry, rigged a cry. kangaroo court. you don't hear a single peep out of any democrats saying that why we believe in the rule of law when they go low, we go high is the oldest new strategy going to work for democrats when it comes to this contrast between donald trump and his response, and the democrat response to what happened with hunter biden is stark and dramatic. >> it's a reflection of what american politics excuse to be where we beli