welcome to the lead. i m dana bash in for jake tapper. we begin with our politics lead. donald trump today invoked his fifth amendment right in a deposition with a new york attorney general who is investigating the trump organization s finances. this deposition lasting more than five hours. in a lengthy statement, the former president claims he had no choice, saying he s the target of an unfounded politically motivated witch hunt. this from the man who once asked if you re innocent, why are you taking the fifth? this is one of at least seven criminal, sifcivil, and congressional investigations trump is facing. that includes the probe that led to the fbi search at his mar-a-lago home on monday. that was died to the doj s investigation into the handling of classified documents cnn s sara murray has more on today s derailed deposition against the backdrop of the extraordinary legal jeopardy trump faces. what s your message to your supporters? as donald trump s legal woes
christina, let me start with you with nuts and bolt, where do things go from here and what we re seeing in the market so far. that had been a question mark. i guess i should reference your song. i saw the sign. they saw the sign the fed was going to hike. the markets are reacting positively at the moment. the dow is up 1%. you re seeing the nasdaq in positive territory. the s&p 500 in positive territory. the concerning point is jerome powell, the chair fed is speak and they changed course and became more aggressive once they received the inflation data we got last friday showing our prices have climbed 8.6%. that s the highest we have seen since 1981. because of that big jump in inflation, the fact it s continuing to climb higher, the fed needs to get more aggressive and seems like they are most likely going to continue on this trajectory even a month from now. that will have a trickle effect on the economy. he s still speaking at the moment but here is what he had to say
the gains since biden took office. bill: the biggest rate hike in three decades. new york post, it s looking grizzly. dana: adding to the concerns is the producer price index for may out just moments ago showing wholesale prices up 11% year-over-year. all of that gets passed right onto you, the consumer. bill: it does. the price of gas holding steady, record $5 a gallon all threatening to overwhelm a white house in crisis. we begin with griff jenkins on the north lawn. good morning. that s ppi number which increased month over month is not welcome news at the white house because it rose and it is rising is an indication that inflation may not yet have peaked. that number, by the way, without going into the weeds represents what companies pay to make the things we buy and that cost gets passed on to us. by the way, bill, i doubt the president wanted to wake up feeling grizzly this morning. a bear market occurs when an index like the s&p falls 20% off a recent high. i
Carley you are watching Fox And Friends First on wednesday morning, im carley shimkus. Todd im todd piro. Gaza strip on the brink of fullblown humanitarian crisis. Electricity is expected to go out any hour. Ammo arriving overnight. Trey yingst along the border with the latest. Trey. Trey todd and carley, good morning. We are along the israel gaza border watching the Israel Art Til Tillery trying to hit the eastern part of the gaza strip for a massive Ground Invasion in the coming days. Thousands of troops are staging. The air force striking targets overnight in a variety of neighborhoods in northern and eastern part of the gaza strip. Out of Northern Israel with lebanon, Lebanese Group hezbollah appears to have fired at a group of israeli soldiers. We do not have information other than we have an incident on the border that is under censorship from the israeli military. A lot is happening and a lot of numbers are going to cha change. The latest death toll is 1200 people. I want to sho
Time. That matters. Oh, yeah, and we are expecting high tide again later tonight, around 9 00. So thats the next time well see the water inch up. The mornings high tide around 9 00 a. M. In the heat of this, so that made matters worse for people across the northeast dealing with the rain trying to get to work or drop their kids at school. Sandra thank you, katie. John joining us again by phone, onika williams, she works at a daycare in coney island, she was on a bus earlier today and took amazing video, when we spoke with you last hour you were trying to make your way home as we watch your video here. Are you there yet . No, im Down The Street from my house. Im almost home. John whats it been like trying to get home . Its been better. Its still raining but the road is clear, its not as bad as this morning. Which tells me the trucks the drains are being cleared so its making going home a little easier. Sandra onika, you dont sound as energetic as you did before. Youve had a long commute