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about 1/10 of 1%, and anyway -- thank you. >> we begin with president biden brushing off august inflation report insisting the economy is still strong despite high prices hammering families nationwide. hello, happy wednesday. john roberts in washington. hi, sandra. >> sandra: sandra smith in new york. comments after the dow plunged 1200 points in yesterday's trading session following the higher than expected inflation number, and it does mark the worst day on wall street since covid shutdowns began june 2020. >> john: biden is back on the road in the motor city of detroit celebrating...

now saying, did the u.s. help with the strategy behind this counteroffensive? tom soufi burridge in kyiv. tonight, in the u.s., e dow tumbles. inflation remaining stubbornly high despite falling gas prices. this evening, we go down the list at the grocery store, what's costing you more and by how much. why this was worse than expected. and how president biden framed this today. mary bruce is here. the nba tonight suspending phoenix suns owner robert sarver for a year, fining him $10 million after a year-long investigation into allegations he made repeated racist and sexist remark...

but we have more to do. >> o'donnell: ukraine's counteroffensive. russian forces on the run, as president zelenskyy says ukrainian troops have liberated thousands of square miles of territory. cbs's debora patta reports tonight from kharkiv. california mudslides. a tidal wave of mud, as thousands are evacuated or ordered to shelter in place. cbs's mark strassmann is at the scene. >> this wall, plus sandbags underneath it, is what saved my house. this is the "cbs evening news" with norah o'donnell, reporting from the nation's capital. >> o'donnell: good evening to our viewers in the w...

night. alex wagner coming up. good evening, alex. >> good evening, thank you christopher, and thanks to -- tonight. today, president biden popped on his signature aviator sunglasses, walked up to the south lawn, he took off his jacket and essentially gave the white house version of a pep rally. >> exactly four weeks ago today, i signed the inflation reduction act into law. the single most important legislation passed into congress to combat inflation, and one of the most significant laws in our nation's history. we've got a lot of -- lower prescription drug costs. lower health insura...

>> --, right next guest. >> is one of those nights. >> it's one of those, nights have a great show lawrence. >> thank you alex thank you. it was just about two years and two months ago on a monday night that i will never forget, after a weekend and i will never forget, when rachel maddow and i were here marveling and i mean just marveling at a weekend of breaking news like we had never seen before involving the united states department of justice, attorney general william barr tried to fire the manhattan district attorney geoffrey berman and this is the part that was so stunning. geo...