his planned trip to the middle east including saudi arabia. on capitol hill lawmakers are racing to put together a new bill that addresses rising gun violence and pass it all before the july 4th recess. we ll discuss with congressman salud car ba hall. we ll highlight the key races to watch with steve kornacki at the big board. we ll bring you an update on the fight for ukraine s donbas region which ukrainian president zelenskyy says will go down as one of the most brutal battles in and for europe. we begin with the growing unease over the state of the american economy. right now the dow jones industrial average is 141 points 140 points up. you see the index at 30,654. this is one day after it fell nearly 900 points yesterday on worries about inflation and what the federal reserve will do when it comes to interest rates at its next meeting which gets under way today. at the same time the s&p 500 which retirement funds are pegged to entered bear market territory, having
talk. why this uvalde teacher now says he s angry at law enforcement who he heard in the hallway while 11 of his students were being killed. and office ultimatums. return to the office or lose urjob. the tough decision more workers are now facing. welcome to the lead. i m jake tapper. we start with our politics lead today. president biden now getting involved as a key democratic senator says negotiations with republicans on gun reform have reached a, quote, critical stage. that democrat, chris murphy of connecticut, visited the white house today to give president biden a rundown of where bipartisan negotiations stand. before murphy headed back to the hill for yet another meeting with his fellow lawmakers. they have expressed growing optimism a deal for a narrow targeted bill could potentially be reached as soon as the end of this week. so what remains on the table? well, incentivized states to pass red flag laws. potential waiting periods for 18 to 21-year-olds buying
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evidence leads them there. of course aside from that january 6th work other national security prosecutors have been looking at the handling of federal records after trump left office and they, too, are shifting to working for jack smith. on the trump side allies of the former president tells cnn that perhaps it s good thing. smith has been living in europe for the past few years. one source told us he s not been marinating in the soup of january 6th. and if trump were to be charged a case about legal advice that the president was getting around january 6th may be very difficult to prove at trial. katelyn polance, cnn, washington. for now we re joined now by natasha lindstadt. good to have you with us. thanks for having me. what do you make of this news the house select committee investigating the january 6th insurrection held a meeting
impeachments, and probes, our way of looking backwards not forwards. your response, sir, is the perfect segue to my next question. house republican leader, kenyan mccarthy, as you, noted struggling to secure 218 votes that he s going to need to become speaker of the house. late last, week seven far-right republicans released a letter outlining their demands for gop leadership after an additional five house republicans that they won t vote for kevin mccarthy. in the midst of all of us, now andy biggs has announced that he will also throw his name into the ring. i m going to ask you to look into that cristobal, senator -elect. will kevin mccarthy become the next speaker of the house? or, do you see maybe a dark horse compromise candidates, maybe coming up. my guess is that kevin mccarthy will be speaker. my question is at what price will he have to pay to that freedom caucus, the extreme end of the party, to be elected speaker. if he pays a price that s too