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into bear market territory yesterday. economists predict the fed will raise interest rates again in another attempt to battle rising inflation. cnn business correspondent solomon is here with me now. this ppi report, why should people at home care about this? what's it matter for us? >> it's interesting because ppi doesn't get as much attention as the consumer price index, but it's really important because it's factory level inflation, what producers are experiencing, and we know what companies are feeling, we'll likely see a few months down the line in terms of consumer prices. even...

attention off the biden administration's failings. >> all they're doing is try to paint a new political narrative in november. >> it's inflation, sky high gas prices. border crisis. democrats created the crisis. the hearings are no more than an attempt to change the narrative. they are desperate. >> we all know it's a sham committee process. they want to put donald trump in jail. if they don't get that they want to keep his name off the ballot. >> dana: chad pergram is live on capitol hill for us this morning. hi, chad. >> good morning. the committee aimed to tie the riots to former ...

majority of the video that will be shown has not yet been seen publicly. the house panel will try to show americans that former president trump was not a bystander but was at the center of the uprising to overturn the election and the votes of 81 million people who chose president biden. so, let's begin the hour with cnn congressional correspondent ryan nobles. so, ryan, have they told us what this new video and testimony will be? >> reporter: not specifically. but we do have a good idea as to where it is headed. we are told that this is going to be new angles of some of the violence...

survivors and saw some of the bodies of the first dead children that they had at the hospital. his testimony, there are parts of it that i'm not sure that every word he said about what he saw with those wounds got across. there is one word that he used that i'm going to get you in this hour. it is a horrifying graphic ex description. there's been that discussion about should be photographs of this so that people can really understand it. well chris, there was language there in that hearing today that is beyond anything that you would actually expect to see in such photographs. i'm no...

these witnesses begin talking. >> goodness. an 11-year-old girl. as a small circle of senate negotiators, democrats and republicans continue to work on the possibility of gun legislation. cnn has learned that a larger group in the senate are expected to meet in the next hour to discuss an emerging proposed package, following an emotional plea by actor and uvalde texas native matthew mcconaughey from the white house podium yesterday. >> can both sides rise above? can both sides see beyond the political problem at hand and admit that we have a life preservation problem on our hands? ...