sign for the u.s. economy. inflation finally starting to cool off and it was flat for the month of july. consumer prices increasing by 8.5% year over year. that s slightly lower than the 9.1% increase back in june. and we ll be talking about what that means in just a moment. it is really good news for every consumer out there. plus, former president trump set to be deposed today by the new york attorney general s office. this is in connection to a civil investigation into the trump organization s finances. we have details on that. we are also learning this morning much more about that fbi search of president trump s mar-a-lago home. the justice department was concerned that trump had not returned sensitive documents, which could have national security implications. new details this morning about how trump may frame his defense in all of it. let s get straight to the good news. relatively speaking, on the economy, this morning. wall street poised for a positive open in just
the former president is being questioned under oath this morning in new york s long-running civil investigation of his family s business finances. the state attorney general s office is trying to determine whether the trump organization improperly inflated the value of its assets in order to obtain loans, insurance and tax benefits, but also there are new details about why fbi agents searched trump s florida home. the search happened because authorities believe the former president or his team didn t return all of the government records that were taken when they left the white house. documents with national security implications, let s begin with trump under oath today. cnn s kara scannell is live outside the ag s office right now. donald trump put out a statement saying he s not actually answering questions. what is this all about? yeah, kate. so this deposition began about an hour and a half ago. trump arrived at the office building just behind me around 9:00, and he just
letitia james took part in the deposition. cnn political reporter sara murray has more on all these developments. she s got new details on the fbi search of trump s florida home as well. reporter: donald trump wrapping up his appearance after nearly six hours at a new york deposition where he pleaded the fifth. which the former president once said was a move for mobsters. the mob takes the fifth. if you re innocent, why are you taking the fifth amendment? reporter: today trump changed his tune in a deposition led by letitia james office. part of a three-year civil probe into whether the trump organization misled lenders, insurers and tax authorities by providing false financial statements. for years they ve been going after my company. i once asked if you re innocent, why are you taking the fifth amendment, trump said in a statement. now i know the answer to that question. he claimed everyone in his orbit was a target, adding if there was any question in my mind, t
documents that were released today. but even that gives us more information about where things are headed, and that s why i think, no matter how redacted the release of this affidavit is gonna be, take the first thing on their. the espionage act. the 18 usc seven 93, we will all were wondering, i rode along piece, what angle are they taking? well, they ve just stated their theory of the case, one, that they might or might not argue to the jury. he retained government documents. well, don, if i go to the white house and help myself to property that s in the oval office, and i take it with me, i m retaining government property. that s a crime. and these are boxes and boxes and boxes. so, we re already learning more. okay, he says he wants this information out there. do you think this is going to be helpful to him? i do not. i think it s going to tell the story of why the government, they had to put the details to convince a judge that there was probable cause of crime. is
norm, i want to look at these terms. this is what we learned today from the mar-a-lago national defense information removal of government record and obstruction of a federal investigation. does this tell you anything about where the investigation is focused on right now? it does. it gives us some additional information, and of course these are the very basic additional documents that were released today. even that gives us more information about where things are headed. that s why i think no matter how redacted, the release of this affidavit is going to be so explosive. take the first thing on there. the espionage act. we all were wondering, i wrote a long piece. would angle are they taking? they ve just stated their theory of the case. one that they might or might not argue to the jury. he retained government documents. well, don, if i go to the white house and help myself to a property that is in the oval office and i take it with me, i m retaining government proper