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despite the biden administration really trying to do what they can on inflation, another key measure of inflation shows how high it is soaring. the producer price index which measures the prices paid to producers of goods and services jumped 11.3% year over year in june. this is all after what we pay for things, showed inflation at a 40-year high. the white house says congress has to pick up some of the slack. >> some of the most significant steps we can do right now are things he needs to partner with capitol hill on. there are steps congress could take to reduce some of the big tic...

played in trying to overturn the election. >> just to give a historical precedence to the group and how they have radicalized was the propaganda for the keepers. >> let's begin with the latest on steve bannon. saying he is now willing to testify before the january 6 committee jessica schneider is outside the courthouse where the hearing is taking place this morning. the point you made last hour was it was supposed to take place nine months ago so this is the 11th hour appeal. how do we expect this to proceed in the next several hours? >> it is notable because steve bannon is set to g...

diplomacy. prices at the pump are going down as president biden heads off for a consequent middle east trip. his itinerary includes saudi arabia and the crown prince he vowed to make a pariah. now, biden biden says his goal is to reorient, not, quote, rupture the saudi arabia relationship. legal filings in the steve bannon case with important invocations for the justice department and a january 6th committee. lawyers a signaling a dramatic 11th hour change to legal strategy. there client says he now wants to cooperate. federal prosecutors call the change of heart irrelevant, but is...

teachers at the end of may. and new details about what the 77 minutes of school hallway surveillance video shows. plus, a new covid variant spreading at an alarming rate throughout the united states, and this one is not deterred even by recent infections. so how do the vaccines hold up against it? welcome to "the lead." i'm jake tapper. we start with our politics lead and members of the january 6th select house committee now publicly suggesting they will use tomorrow's hearing to draw direct links between the extremist groups who stormed the u.s. capitol and have been charged wit...

with the economy inflation and stagnation and gas prices we learned this week they sent out emergency will reserves to china and lied about it. >> when it comes to oil it is something we'll companies decide we cannot control what they do with their oil. steve: we can't control it? when they sound like they are doing something then they scream do it now but when they are embarrassed by that shipment we cannot control what they do. we already knew biden was a true amazing combination of incompetence dishonest divisive week and authoritarian captured by the far left yet still he stubbor...