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transitory, despite the best effort to gaslighting americans into taking higher prices with this magically disappear inflation sparking to another 40 year high and hitting 9.1% making president biden the undisputed mvp of unaffordable gas and grocery bills. joe and cospending the numbers. >> there is no question that we still have work to do, but it is important to know that these numbers do not fully reflect the recent drop in gas prices june prices are down a $0.40 a gallon, fighting inflation is one of our administration's top economic priorities. >> greg: the new inflation number...

in a letter to bannon former president trump writes, i watched how you and others have been treated spending vast amounts of money on legal fees. i will waive executive privilege for you. the committee says today it's open to bannon's testimony as long as it's under oath. bannon's potential testimony would come on the heels of testimony from another major witness. former trump white house counsel pat cipollone, part of his eight-hour closed door interview will be this week. context and nuance is important when it comes to steve bannon. the letter is essentially the equivalent of me t...

officials at the united state's central bank think inflation is going to remain "uncomfortably high" in america "for some time." that's according to the minutes of the last fed meeting where monetary policy is set. the bbc�*s north america business correspondent samira hussain reports. if anyone thought most recent price hike which showed no inflation injuly was the new normal the federal reserve is here to tell you otherwise. the latest minute shows that the committee that sets monetary policy in the us was unanimous that prices are going to keep going up for months to come. that ...

internationally understand this abroad he will do what he can to smooth over hard feeling withs the saudis and encourage them to loosen the spigot when it comes to oil production at the same time. domestically, though, there's a heavy price to be paid. the price of criticism from both the political left and the right that what he's doing is essentially shuffling over to the saudis hat in hand while tamping down domestic oil production here at home. not exactly a real picnic when you consider he's been critical as rich pointed out as saudis human rights records. quote from the start m...

if you'vejustjoined us, a very warm welcome to the programme, and it is very warm. as you've been hearing, much of europe is grappling with an extreme heatwave with devastating wildfires impacting many parts of the region. the european commission is warning nearly half of european union territory is now at risk of drought. so, what impact is this having on farming? well, some farmers have radically changed their work practices, for example, working at night to minimise the risk of a spark from harvesting equipment starting a fire that could destroy crops. but despite their efforts, t...