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economists were expecting. so what you have right now is a scenario where business level inflation does appear at least from one data point to be moderating a little bit, which is why even with that data showing a large year over year increase, up around 8.7%, it is still lower than it was in the previous month. that is leading some to be a little more optimistic which is why you are not seeing a mastiff market reaction today the likes of what you saw yesterday. but what it comes down to is whether or not this will change the calculus for the fed. and at last check on the heels of th...

global markets are eagerly waiting for the latest us inflation numbers and whether they will give any indication the rate has peaked. last week there was unexpectedly strong us jobs data which added to expectations the world's biggest economy is able to withstand a sharp interest rate rise by the federal reserve. but if inflation continues to soar it could change the likelihood of an aggressive big hike by the central bank. here's our north america business correspondent michelle fleury. after yea rs of no after years of no or at least hardly any inflation in the us, the past 12 mont...

>> we knew someone would identify that vehicle for us can which is exactly what happened. >> i love playing. i can't do this forever. >> sounds as though the u.s. open later this month will be her final tournament. >> it is wednesday, august 10, in washington the republican outrage machine is in high gear after the fbi search of mar-a-lago. trump allies are calling for attorney general miles per hour rick garland and fbi director christopher wray to be removed from office. republicans want answer after the first ever search of a former president's private home. meanwhile a source t...

investigators. for their part, they say trump's team will push the argument that he did not have classified information because he declassified it while still president. more now from jessica schneider in washington. >> reporter: new details about the fbi search of mar-a-lago are emerging as republican congressional leaders cry foul about the target and the timing. >> i know doing this 90 days before aen election reeks of politics. >> reporter: kevin mccarthy tweeting the department of justice has reached an intolerable state of weaponized politicization, warning about investigations...

>> welcome to "the lead." i'm dana bash in for jake tapper. we begin with our politics lead. donald trump today invoked his fifth amendment right in a deposition with a new york attorney general who is investigating the trump organization's finances. this deposition lasting more than five hours. in a lengthy statement, the former president claims he had no choice, saying he's the target of an unfounded politically motivated witch hunt. this from the man who once asked if you're innocent, why are you taking the fifth? this is one of at least seven criminal, sifcivil, and congressional...