This as were learning more about the Special Counsels other probe into election interference. So what did jack smith find in trumps twitter files . Also breaking, multiple arraignments this morning for alleged false electors in michigan. The charges they face in connection with the 2020 vote. Good to be with you. Its 10 00 eastern. Im Ana Cabrera Reporting from new york. We begin with the Breaking News out of hawaii this morning and the near apocalyptic scenes from the wildfires in maui. Authorities confirming that the death toll now stands at 36, an unfathomable number. As they say, it will still climb likely because Search And Rescue efforts are still underway at this hour. The pictures of the destruction on this island are just hard to wrap your brain around. The town of lahaina, a Historic Place in hawaii has been reduced to ashes. Nearly 300 homes and businesses now gone. My moms place is gone. My place is gone. Pretty much everybody i know lost everything that we have. I mean, i
did we see price inflation in the month of july. we did see it in the form of food prices going up by 22%. we also saw energy prices going up, gasoline has been going up in the past two months up 0.1% between june and july. and shelter, mortgage payments, rent payments, that increasing by 0.4% between those two months. i do want to contextualize this within the things we buy on an everyday basis if we re talking about july of this year compared to july of last year. prices for a lot of these categories have gone down. broadly speaking we ve seen food, gasoline, and also a milk decrease. things like bread have increased almost 2 bucks now compared to a buck 72 last year. different take place of price categories are increasing, others are falling, but broadly speaking, good to see that we re past that peak inflation we ve had in the summer last year, ana. that is such good news. really happy to see some of those food prices going down. you all need to eat, that s for
it s probably boing to hike in february. and keep it at a certain level until it strangles out some of the demand and some of these pricing pressures. we have a lot of pain ahead of us. brian, the federal reserve is meeting today and tomorrow to discuss what to do about interest rates. what do you think they are going to be looking at? that earlier question about eggs, there was a bird flu earlier in the year that affected the supply of eggs. that underscores how difficult it is for the federal reserve to try to tackle inflation because there s so much noise in this data. there s nuance to specific price categories and reasons why they are going up. but the federal reserve held steady when they began their interest rate hike march earlier in the year saying we need to make costs more expensive to slow this economy. starting to see impacts because of the inflation numbers coming down. keep in mind, we re very far away where the federal reserve wants us to be, which is why
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