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welcome to "the lead." i'm kaitlan collins in for jake tapper. we start with the money lead. wall street closing this hour mostly flat after today's jobs reported exceeded expectations. great news, obviously, but not slowing rising prices and fears of a recession. according to the bureau of labor statistics, the united states added 372,000 jobs in june and on average american paychecks are up 5.1% in the last year. but that's not keeping up with inflation, which jumped 8.6% annually in last month's report. that's a problem for president biden as he is struggling to convince americans...

but watch and i'll get you there. >> when you start turning around lawyers with the defendants that are defending the clients. we start to live in a fascist state. >> that is not much of a defense? ? >> he served as trump's attorney during the election. do you expect that he's going to vote the fifth amendment? or a sequel to argue attorney-client privilege as so many have done? >> i think is going to invoke any privilege he can pick up. realistically, has been told he's a target, he should. it'll be foolhardy to go in there and answer questions. i think he will try attorney-client p...

as so many have done? >> yeah, i think you will invoke any privilege he has to think of. realistically, now he has been told he's a target, he should. it would be foolish not to -- they'll try attorney-client privilege which i think is dubious because it does not apply to conversations that aren't -- he will take the fifth if he has to, look, it is his right to do so. and as you said, there are investigations swirling around. there came this moment lace last week when we were so deep in mar-a-lago discussions, which remains important, but at one point on thursday night. oh yeah, this...

office, and it just took us long to get there. i remember saying on our air, in 2018, when justice kennedy retired, that one of the consequences of that would be that abortion would be illegal in half the country within two years. and i was wrong, it was four years. but the fact that this is foretold doesn't make it any less shocking. >> i'm gonna go watch your show now. >> thanks, chris. good to see you, my friend. thank you. >> and thanks to you at home for being with us this hour. it's a big day. when the supreme court first handed to overturn the decision in roe, just shy of 50 y...

gretchen whitmer, london lamar, and senator elizabeth warren all join me live. all in starts right now. ♪ ♪ ♪ >> good evening from los angeles. i am chris hayes. it is a brutal day for american democracy, for american women, specifically, for all americans could become pregnant. for all americans, really. it right enshrined in the constitution as intimate as any right one could imagine. it has been discarded and destroyed by five unelected justices. three of whom were appointed, of course, by the last president, who got about 3 million fewer votes than his opponent. in american...