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Inflation works or the way it's monitored, the price is going to go back down. likely you're not going to see businesses cut prices. again, this goes back to what jay powell said, why would they cut prices, they don't need to, demand is up. however we could start to see the rate of prices increasing start to slow. we saw that in this last pci report. the administration isn't wrong. all of this is tied to covid. and the further we get away from covid, the more the supply chain and the labor issues start to get worked out. things will flatten. but this idea that, oh, we're going to get back to n...

Excess of spot in this market. >> can you do something for our audience? can you explain what a future is? it's a very important concept, but for folks that aren't trading in commodities, just explain when you purchase a future, what are you doing? >> i'll give it my best. my 85-year-old mom sometimes asks me. they started 150 years ago that a farmer planting corn or wheat could say, i want to lock in the price at harvest time. if i lock in that price up in chicago on the markets, then come harvest time i'll know that i'm going to get, well these days, $8 a bushel of corn. i might just settle ...

Trading, just hanging on. >> thanks. we have an update on breaking news out of chicago. police say a shooting at an old navy store they think was a murder-suicide. we'll be following that, we'll pass them along to you. that wraps up this week for me. i'm contessa brewer. back here on monday at noon eastern, 9:00 a.m. out west. up next, "andrea mitchell reports" and michael steele.