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>> welcome to "the lead." i'm dana bash in for jake tapper. we begin with our politics lead. donald trump today invoked his fifth amendment right in a deposition with a new york attorney general who is investigating the trump organization's finances. this deposition lasting more than five hours. in a lengthy statement, the former president claims he had no choice, saying he's the target of an unfounded politically motivated witch hunt. this from the man who once asked if you're innocent, why are you taking the fifth? this is one of at least seven criminal, sifcivil, and congressional...

christina, let me start with you with nuts and bolt, where do things go from here and what we're seeing in the market so far. that had been a question mark. >> i guess i should reference your song. "i saw the sign." they saw the sign the fed was going to hike. the markets are reacting positively at the moment. the dow is up 1%. you're seeing the nasdaq in positive territory. the s&p 500 in positive territory. the concerning point is jerome powell, the chair fed is speak and they changed course and became more aggressive once they received the inflation data we got last friday showing...

the gains since biden took office. >> bill: the biggest rate hike in three decades. "new york post," it's looking grizzly. >> dana: adding to the concerns is the producer price index for may out just moments ago showing wholesale prices up 11% year-over-year. all of that gets passed right onto you, the consumer. >> bill: it does. the price of gas holding steady, record $5 a gallon all threatening to overwhelm a white house in crisis. we begin with griff jenkins on the north lawn. >> good morning. that's ppi number which increased month over month is not welcome news at the white hous...

Carley you are watching Fox And Friends First on wednesday morning, im carley shimkus. Todd im todd piro. Gaza strip on the brink of fullblown humanitarian crisis. Electricity is expected to go out any hour. Ammo arriving overnight. Trey yingst along the border with the latest. Trey. Trey todd and carley, good morning. We are along the israel gaza border watching the Israel Art Til Tillery trying to hit the eastern part of the gaza strip for a massive Ground Invasion in the coming days. Thousands of troops are staging. The air force striking targets overnight in a variety of neighborhoods in n...

Time. That matters. Oh, yeah, and we are expecting high tide again later tonight, around 9 00. So thats the next time well see the water inch up. The mornings high tide around 9 00 a. M. In the heat of this, so that made matters worse for people across the northeast dealing with the rain trying to get to work or drop their kids at school. Sandra thank you, katie. John joining us again by phone, onika williams, she works at a daycare in coney island, she was on a bus earlier today and took amazing video, when we spoke with you last hour you were trying to make your way home as we watch your vid...