thiessen live coming up. john: fox news alert, president biden landing in the middle east as inflation hits a new 40-year high with no end in sight. i m john roberts in washington. sandra, double duty today. sandra: great to be with you, john. brand-new numbers from the government showing red hot inflation has not cooled. consumer price index surging to 9.1% in june. marking the biggest one-year increase since 1981. the president issuing a statement in response to all of it saying today s data does not reflect the full impact of nearly 30 days of decreases in gas prices and other commodities like wheat have fallen sharply since that report. john: americans are not feeling any relief, as the labor department shows, paying more for gas and cleaning products compared to last year. we begin with fox team coverage. lydia hu live in new york city with more on the inflation impact on food prices and jacqui heinrich from jerusalem where she is travelling with the president. j
force which means maybe inflation pressures will ease a little bit. and i ll point this out, joe, and mika, the idea here, interest rates didn t move on this and neither did the expectations in the futures market for where interest rates will be by the end of the year. so, again, kind of like that goldilocks scenario. i mean, at least for this month, of course this is a month by month thing, but at least for this month, you look at everything from new jobs added, job participation rate, the wages going up, but not so high that it adds inflationary pressures on the economy. a lot of really good news in this report. and legendary tweeter duke st. journal said, i think this may be a few minutes ago, i think this may be what a soft landing looks like. if we were of course to continue to move into this direction, dom, i guess this would be what a soft landing that the fed is desperately trying to achieve would look like, right? this would be. and the reason why you have this s
investigating the january 6 capitol riot will unveil new evidence of how donald trump tried to get the justice department to help overturn the 2020 election. and keep him in power. despite the fact that he lost. three former top doj officials are slated to testify. also a slew of new information and evidence has forced the committee to postpone two future hearings. and the latest from the senate, which is set to pass the first major new gun legislation in years. we ll get the latest when senator tim kaine joins us and jerome powell heads to the house for testimony as the administration continues to battle inflation. we ll play for you the warning one democratic senator had for him. please don t drive this economy off a cliff. willie. we want to begin with the fifth and final june hearing of the january 6 house select committee set to get underway in a few hours now. today s focus, former president trump s pressure campaign on the department of justice. the house committee w
pence faced to refuse to count lawful electoral votes. earlier on morning joe, january 6th committee member adam schiff previewed the hearing and the seriousness of the committee s work. you can expect to see stuff you haven t seen before interwoven with things you have, but to tell the story in, i hope, a compelling way. our democracy today is more vulnerable than it was on january 6th because the lie that brought about that violence continues to to proliferate around the country. also on capitol hill, the gun deal framework just got a big en ment from republican leader, mitch mcconnell. ahead i will talk to democratic senator debbie stabenow whose own mental health legislation is now part of that framework deal. do you remember 1994? pulp fiction was in theaters. the sign by ace of base was the number one son. now, the fed is raising interest levels to rates not seen since that year. how that affects you and everything you buy, from gas to groceries in moments.
we got a reminder that gas high are at a record. double what they were a little more than 1 1/2 years ago. and going still higher. i talked to a key oil analyst on fox business, which ifdown don t get you should demand because he had the bad news of imparting the fact that $5 gas is inevitable. for a dozen states in this country, indeed it is. $6 gas is the next stop after that. and then the best you could hope for is that that momentum slows. all of this happening the same day seven states across the country are having crucial primaries that could decide the table setting we ll have in november for this big mid-term election. at which times progressives will be on the defense and conservatives and republicans, they hope, that they ll be in the advantage. all of this occurring at the same time we had the corner of wall and broad racing ahead on the notion that even with the higher gas prices, optimism about retail sales and americans penchant to spend. target, for example, th