with 7% inflation in 2021, mr. biden s approval rating is suffering. the fed is trying to pitch pivot away from the ultra low rate without hurting the economy. laundry now the latest victim of the big i word. proctor gamible saying it is raising prices for retailers, bounce, dryer sheets. p & g says it is trying to offset cost pressures. and after a brief retreat into december, prices at the pump are on their way up again. we ll talk to a petroleum analyst about that coming up in just a few minutes. all right. new this morning, a prominent texas congressman under investigation it appears by the fbi. the agency said in a statement last night it was conducting a court-authorized search of democrat henry s home. they loaded large bags, plastic bins and a computer into a government truck there.