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report. the dow closing down more than 1200 points as rising consumer prices drive up fears of new interest rate hikes and recession. welcome to our viewers in the united states and around the world. i m wolf blitzer. you re in the situation room. tonight, as queen elizabeth s funeral gets closer, her coffin is now inside an iconic symbol of her 70-year reign, buckingham palace. cnn s bianca nobilo reports on the arrival ceremony in london and all the new moves by the royal family on another day of mourning. reporter: the final journey back home. the queen s hearse taken to buckingham palace, to the embrace of her children and grandchildren. a night for the family to grieve in private. mourners bid her farewell in edinburgh, streaming past her casket, adorned with the scottish crown, and have been queuing up in london ahead of wednesday, for one last chance to say goodbye to the late queen at westminster hall. take fire! cheering her motorcade like they cheered ....
and even more so, about the 77 minutes of inaction that the video shows. plus, in some big cities there will no longer be a starbucks on every corner. the coffee giant is closing several locations but not because of slow sales. is this about working safety or is it about unionization? welcome to the lead. i m jake tapper. we start today with our money lead and horrible news for your wallet. new data today released by the biden administration shows inflation surging to 9.1%. that is the highest level in more than 40 years and it means the prices we pay over all are 9.1% higher than at this time last year. so unless you have benefitted from an unlikely 10% raise since then, you now have less money in your pocket than you did a year ago. much of the increase is driven by gas prices, which we should note have fallen in recent weeks, but they remain insanely high, up nearly 60% in this report, and the increases are felt across a range of categories, prices on groceries ....
fights criminal contempt charges. and summer sand and shark infested waters. enhanced technology is on the hunt where sharks have been on the attack. welcome to the lead. i m jake tapper. we start today with breaking news in our politics lead. president biden s approval rating hitting a new low in cnn polling. take a look. only 38% of people approve of the way joe biden is handling his job as president. 62% disapprove. this dismal number comes as president biden returns from his middle east trip. the white house touting the trip a success, saying the president renewed support for the region and set expectations that gas prices could steady in the coming weeks. but those successes in some quarters being overshadowed by this moment, biden fist bumping saudi crown prince mohammed bin salman, who the u.s. says is to blame for the slaughter of washington post journalist jamal khashoggi in 2018. biden trying to brush it off from reporters upon his return to the white ....