economists were expecting. so what you have right now is a scenario where business level inflation does appear at least from one data point to be moderating a little bit, which is why even with that data showing a large year over year increase, up around 8.7%, it is still lower than it was in the previous month. that is leading some to be a little more optimistic which is why you are not seeing a mastiff market reaction today the likes of what you saw yesterday. but what it comes down to is whether or not this will change the calculus for the fed. and at last check on the heels of that inflation data this morning, there is now pretty much an expectation predominantly that the fed next week will raise short term interest rates by now three quarters of 1% and there is a 34% chance that the fed will raise rates by one full percentage point mark. and if they were do that, hypothetically, if the fed were to raise by one full percentage point, it would be the largest single raise f
during the capitol riot s 187 minutes. the brutal heat wave, almost 100 million americans under heat alert, records being broken again, the impact on farms and what could it mean for those already high food prices. plus, we re on the front lines of the wildfire battle in europe. pop icon ricky martin speaking out about his newly dismissed case and the lurid accusations from his own nephew. and while some summer flights are getting back on track, we ll tell you where the newest pain points are for flyers. announcer: this is nbc nightly news with lester holt. good evening, the 90 million covid cases recorded in this country through the pandemic tonight now include another american president. white house officials and president biden himself offering an upbeat assessment of his condition after a routine covid test this morning came up positive. within a few hours of the news breaking, the president tweeted, i m doing great. pictured at a desk in the white house r
we have billy crystal, who knew norman very well. we have lots to do. look forward to it. have a great night. thank you. you too. you know what i was thinking? yes, it s charles barkley. do you think it s right or fair that the united states has to be the policeman for the entire world? not for the entire world. i think the world looks to us. we need to have a conscience. if you could pick anyone for president, who would it be? anyone. hillary clinton. i would like to be presented with some different candidates. someone under the age of 50. announcer: from the cnn stutd y studios in new york city, it s king charles. tonight, secretary of state antony blinken, the legendary billy crystal, and roy wood junior. king charles starts now. going in. moving on up to the east side to a deluxe apartment to a deluxe apartment in the sky. it s the theme song of the jeffersons. one of the shows forman lear made possible. you know why we are sing
opioids in america play out at the highest court one hour from now the court takes up the purdue pharma bankruptcy deal. the agreement that could shield the family from further lawsuits down the road. the families of opioid victims not happy about it. d.o.j. is challenging. see what the supremes say. keep an eye on this. an american warship came under attack and how the pentagon is responsible to that. it will take us a long way whether or not iran the gets a message. it s monday. hope you get ready for the holidays. we are, right? dana: i m dana perino. and this is america s newsroom. good to be with you today. we want to tell you about the attack that happened yesterday off the coast of yemen. enter bill: the assault lasted for hours and the u.s.s. carney shot down three drones in self-defense. dana: it s seen as the biggest escalation against u.s. troops in the region. bill: general jack keane has analysis. trey yengst reports from southern israel on the war with