make clear what laws the fbi thinks he may have violated and he could produce that receipt for what they took from his home. so why hasn t he? that remains a major question. and in the meantime, inside the justice department, there is some frustration that so far the department said nothing about the search, while trump and his allies portrayed it as a siege, even suggesting without any proof that fbi agents may have planted evidence. joining us now is former trump white house acting chief of staff mick mulvaney. mick, it is great to have you on this momentous morning. i want to first start with your reaction to this search, because you did mention that there are two ways to see this unprecedented move. tell us about those. sure. i can think either it is a legitimate investigation into classified documents, or it is a political hit job. i think it is important that people understand why they re seeing the reaction they re seeing from the right. keep in mind, if you re repub
and don t forget to download the 5 things podcast every morning, just go to cnn.com/5things. just in, a few minutes ago, a key inflation measure, another one, has been released. chief business correspondent christine romans here. what do the numbers say? it is a rare reprieve in this runaway inflation story again, john. producer prices fell from june to july. 0.5%. fell, we haven t been able to say something like that in months. the overall inflation rate, the factory level inflation rate at 9.8%, much cooler than expected. we look at a line chart of what that looks like. you can see it feeds into that inflation peaking narrative that we have been talking about. you can see the peak was back in march of something like 11.6%. that was the highest ever on record. now, 9.8%. gasoline prices the big driver here, 80% of this decline, you can attribute to the lower fuel prices that were really helpful on factory floors, where they re