why nasa is now joining the hunt for ufos announcer: this is nbc nightly news with lester holt good evening, everyone, from los angeles where president biden today offered an explanation for why consumer prices are still climbing may s numbers out today dashing hope inflation was starting to cool. instead it jumpe another percent growing to 8.6% year over year, leaving inflation sitting at 40-year highs affecting everything from home prices to food, clothing to gasoline put another way, american households are paying $460 more per month to buy the same amount of goods and services with the port of los angeles as his background president biden putting some of the blame on shippers, oil companies and vladimir putin as wall street suffered a major sell-off the dow lost 880 points, 2.7% the nasdaq down 414 points, 3.5% tonight, all eyes now turned to the fed and its next steps tom costello has more. reporter: the red arrows on wall street represent real money for american
average for gas a penny away from $5 a gallon the stock market plunging and president biden under pressure what he blames the surge on also tonight, the fallout as the january 6th committee begins laying out its case against donald trump and the committee alleging trump was at the center of a sophisticate seven-part plan to overturn the 2020 election and incite the violent attack on the capitol. the stunning testimony from his inner circle including daughter, ivanka trump tonight, how the former president is responding and what to watch for in the hearings ahead the uvalde school police chief breaking his public silence how he s defending the response to the massacre after it took police 77 minutes to breach the classroom. the biden administration announcing it s dropping one of the longest running covid restrictions on travel. the dangerous heat wave, 51 million under advisories can the power grid handle it? and the truth is out there.
with democrats facing the potential for big losses bottom line here, with the country so sharply divided, it s hard to see the hearings will have a major impact on the overall outcome in november lester all right, kristen welker at the white house, thank you. tonight uvalde s school police chief breaking his public silence in an interview with the texas tribune, he spoke about the response to the massacre, why he didn t have a radio and what he understood the chain of command to be. here s morgan chesky good evening. reporter: tonight pete arredondo defending his response the uvalde school police chief and his attorney telling the texas tribune he was committed to stop the shooter or die trying. running into robb elementary armed with his glock service pistol and no body armor. but the 29-year police veteran left not one but two police radios outside the school telling a reporter he thought they would slow him down. he said that was a conscious decision he rushed in, put