good to be with you. i'm katy tur. we're learning a little bit more about what happened on mara lago on monday and a little more of the political consequences of the justice department's decision to search the former president's private home and club. here is what we can report right now. donald trump's lawyers say federal investigators searched a bedroom, an office and a

basement storage area, which they broke a lock to get into. they left with multiple boxes of evidence. what was inside those boxes we still do not know. we could know more. donald trump and his team could tell us more. they could release the copy of the search warrant, which they have. it would likely tell us the criminal statute the fbi relied on to conduct the raid and they could release a copy of the inventory they took. agents are required to leave one as a receipt. but donald trump is not doing it. instead he is using the search to his political advantage are calling the search a witch hunt and claiming without basis that the federal agents involved are crooked. quote, everyone was asked to loaf the premises. they wanted to be left alone and

wanted nobody to see what they were taking or planting. these documents usually run about 30 to 40 pages so it would tell us a lot. and attorney general merrick garland could comment as well, but as of now he is not. so what we are left with are question, including a few really big ones. of all of the investigations into donald trump of tax and bank fraud to trying to overturn the 2020 election, is it really the mishandling of classified documents alone that warranted this unprecedented search? and if so, what could he have possibly taken and how sensitive was it? joining us now on the reporting, vaughn hillyard, who is across the lagoon from mar-a-lago in west palm beach. from capitol hill, jake sherman, co-founder of punch bowl news.

he's got the pulse on how congress is reacting, along with barbara mcquade, an msnbc legal analyst. she's worked at the d.o.j. and michael steel, former nbc political analyst to talk about the electoral consequences. vaughn, walk us through the timeline. what happened so far during this search and what can we determine that the fbi took? >> katy, we know there were months of conversations between trump's team as well the department of justice that led to the search warrant being executed here this week. there was a particular meeting on june 3rd in which evan corcoran met with d.o.j. officials here and i am told by a source he was led into a room where he showed d.o.j. where these materials were.

there is one lock on this particular room where these materials were held. donald trump agreed to put a second lock on to better protect the materials. that is where from the trump side of this that ultimately they were confused as to what led to the search warrant actually being executed because from their end they contend that they were complying with the request the department of justice had made. several boxes had already been removed from mar-a-lago. these were documents taken from the white house in those final days of the trump administration and brought here. ultimately that search warrant was executed. a source tells me that trump will not release a copy of that search warrant that was provided to them, but you said it there, instead this is a back and forth. the source makes the case that the burden of transparency should lie with the department of justice, that they should be the ones that lay out the case that led them to go to a judge and claim that there is probable cause that a crime was committed here. but of course it could be donald

trump himself that were to lay out their understanding of what documents were taken from this very facility. you would imagine there was a reason that certain boxes of material remained here at mar-a-lago and were not part of the initial batch from the premise. what is now being echoed by the likes of u.s. senator rand paul, this conspiracy theory that the fbi upon coming here to mar-a-lago planted materials here. of course there is no basis for that. there is no evidence that has been provided, no specific allegation here. yes we have seen conspiracy theories from the dark corners of the web propagate into mainstream conspiracy theories but this started right at the top with donald trump himself, katy. >> let's talk about the word from the justice department. republicans, including mitch mcconnell, are saying, merrick garland, tell us why you did this, the underlying evidence.

give us some reason why you decided to go to a president's private home and club to do this. republicans are saying there are a lot of folks out there saying i'd like to know a little bit more because mishandling of classified documents that is a big deal in the scheme of the investigation surrounding donald trump, it doesn't seem like the biggest of deals. tell me what you can tell us about the context about what happens inside d.o.j. and whether we might hear about any of this. >> i'd be surprised if we hear much about it in the short term. when d.o.j. does investigations, they do it quietly and secretly. in fact, the only reason we mo about this search is because donald trump himself announced it after it was over at about 7 p.m. on monday. so people complains that this was all about optics to try to harm president trump and his electoral chances, this was all to be done kwou etly, to go in and get these documents. it was trump himself moe w.h.o.

made the publicity. it not yet time to make a charging decision. it would be premature for the justice department to and now, it may be the because -- but they just wanted these documents back. there's reports that they were classified documents. that means the release of the contents of those documents would cause grave damage to the national security of the united states. it may be that we're done and they just got the documents and that's it. if that's the case, i think the time has come for merrick garland to assure that's what was done here and it was done out of the interest of national security and not a political agenda. >> if it was just that, could they have not have issued another subpoena and kept working with donald trump to gets they documents? would it be necessary to go to a judge and get a search warrant?

>> yes, i would imagine that the first thing they tried to do is to ask him nicely to voluntarily comply. the fact that they resorted to this i have to clon cloud that they this was the only way to get these documents back. they've been and yet thiks at some point they just decided we got to go in and get it. they had to no they thought it was necessary to get them back, even if this he to enyou are who went to bedminister yesterday, made the pilgrimage to donald trump's golf club in new jersey. what are they saying? >> jim banks, a staunch defender of donald trump, he sees himself

as a keeper of the creed of the trump creed here on capitol hill. took a group of about 12 members to the president's club and, by the way, this dinner was scheduled before trump had his residence and club visited, let's say, by the fbi. but they did not reschedule. they went ahead and they made sure people knew that they went ahead for this dinner. i think the important thing to keep in mind here, katy, is we are beginning to see the seeds being planted of a very coordinated, very aggressive oversight effort into this administration, into the department of justice, it will extend to the department of homeland security and extend across the government if republicans take the majority. with the inability to legislate, if the republicans take the

majority, they will resort to investigations. polling indicates consistently, it did in 2010 when barack obama obama was independent president and they are now. they have to balance the idea that they feel like they need to if they take the majority, they will still probably have a soft economy. americans will still have concerns beyond whether are donald trump's residence was visited by the fbi. that's coined of the rub for someone like kevin mccarthy if he were to become speaker of the house in january. >> at some point, when the investigation is over, there is a timeline to get more information from this raid. is it likely that information search i assad say, not raid, will be redacted or will we get that information eventually?

>> no, i think there might be two to make it available to the defense in discovery, aernt, get unhealed at that point. once the investigation is over and there's no longer any final to or to protects documents are intended to be open and on the public docket. they can be only be sealed so long as there's a good reason to do it. so for some reason the documents will expire. i doubt we will see the contents of the documents per se, if they are classified, but it will say a top secret document or whatever that may be. so we may get some insights. we'll certainly know at least what the statuary citation is that gave the government the

authority to dp in and on tan these documents. >> how about the political consequences of this uk michael? where do you see it? >> the political consequences are currently being shaped by donald trump and his minuteions. as therd or are trying to create something that isn't there? so this is all a part of the because they don't have control over those reins of government. they don't have the attorney who is going to come out and color the results or before the public has a chance to hear it fresh for the first time. so that's what you're going to see. the trip to mar-a-lago by mi are

and donald trump has maximized the moment. all of this being a back drop around that, by the way. >> so it's hard to pro pb but if you go back to 2016 and you go back to the investigation into hillary clinton. when that was roo there were a lot of people out there that so if you're looking at what we're seeing here, can you make a prediction or can you give some indication are where you think the political winds will blow with this? does it reinvigorate his chances to run for president in 2024? only a make ago "the new york times" was aing you can't force

if and he's been pressed -- his behave, you because of some third party something it is his own behavior tanging documents he knows he should not have taken, being asked to return those documents and not returning them. so the reality is for trump in terms of how you frame the question, 2018 is very different because the bim and his behavior so this idea that we see this and that unfold in august with more stories to come from georgia and new york, maybe in

the fall. and the way she may have colored it in 2016 at the election. >> and what are you hearing about the man getting his phone taken away? >> you were i i'll hair, who were once very powerful in thehouse. today i will this is somebody who has all who what nm and the administration from the other party has taken those voices

away from them. i don't think that's why they're going after mr. perry's cell phone. he was instrumental in repond but i think this this just frachlt really baring down on trip world. this han meaning are they going to going to go after more members of congress. >> there are questions about whether the january 6th investigation to be lunched to this to the home.

is it possible to make a connection between these two things that we know right now? >> sure. i'm going to speculate. i don't know in the curse. >> you may recall that the january 6th committee subpoenaed documents from the national archives and it was donald trump who. it said any investigation must yield when. >> there's at some until that the 6th committee wants. it really does beg the question, what is it that he has that he's so desperate to hold on to and does not want to return? it could be any number of things

and brian dees will join me. i'm going to ask him when grocery prices will come down. and one of our reporters got as close as he could to one of russia's biggest power plants and why the report says russia is playing with fire. y the repoa is playing with fire that's right, robert. and it's never too early to learn you could save with america's number one motorcycle insurer. that's right, jamie. but it's not just about savings. it's about the friends we make along the way. you said it, flo. and don't forget to floss before you brush. your gums will thank you. -that's right, dr. gary. -jamie? sorry, i had another thought so i got back in line. what was it?

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donald trump was finally deposed today in the new york attorney general's long-running civil investigation into his business. he refused to answer questions. the former president said he asserted his fifth amendment right because he said the investigation was, quote, a witch hunt, that was a

vindictive and self-serving fishing expedition the likes of which our country has never seen before. the former president has denied wrong doing. joining me is the former district attorney general -- district attorney in manhattan, excuse me, now a professor at new york law school. it's good to have you. donald trump pleaded the fifth. where does this take the investigation? >> he absolutely had to face the fifth. his lawyering were begging him. he's facing a parallel investigation into manhattan and so it was the right decision to him but the thing is that it

comes with costs. there is obviously the cost to his reputation, as you said. he has said in the past that only guilty people invoke their fifth amendment rights so he has to deal with that sort of fallout. and then, secondly, in the civil case, the jury can draw what's called an adverse inference from this, meaning that the judge is going to tell the jury, look, you can conclude from the fact that he didn't answer these questions that what he said would have been damning in some way. so that's significant here. and potentially may help the civil investigation along, even as it makes it harder to build that criminal case. >> if he were to talk and answer questions, how would it make things harder for him in the criminal investigation in. >> right. well, i'm absolutely sure that the manhattan district attorney was waiting for this moment and paying attention and, you know, we don't know exactly what's going on in that investigation but in both of these cases, what they're really looking at is

what did he know, when did he know it and how involved was he in these decisions about the assets. and so, you know, if he had stumbled at some point, said something he didn't intend or said something inadvertently that would help build their case, in other words, show them that he was more involved or that he actually knew something that was going on, they could have used that in the criminal case against him and it really could have reinvigorated that criminal investigation, which at least from the outside it looks like it's been slowing down. again, there's no way of absolutely knowing that. it's not clear and it may have been that the manhattan district attorney wanted to wait for this in order to figure out how strong is my case here. >> and just to remind people what they're looking at is whether donald trump inflated the price and valuations of some of his properties in order to get more favorable loans and

then deflated those valuations in order to pay less in taxes. the former president has gone up against the new york attorney general before. trump university case is what i'm thinking of. he settled. what's the likelihood that this is going to go to trial? >> we're not there yet. she hasn't brought suit yet. so first she has to build a case and then i think there is a fairly high likelihood if she does that he would in some way settle. in could have severe consequences for him. there could be fines and it could impair his ability to do business in new york. it's not a small matter. that said, compared to all of these criminal investigations, it is, i'm sure, more important it is, i'm sure, more important to

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got a little bit of good news today on the economic front. inflation slowed in july. in data shows inflation increased by only 8.5% compared to this time last year. it's sort of good news, i guess. it's still high obviously but it is better than the more than 9% increase than we saw in june. what does it mean exactly? for one thing, gas is cheaper. you've probably noticed that at the pump. in fact, prices falling have offset increases in food and housing costs, which is what gave us that, quote unquote, good number in july. a gallon of gas was 39 cents cheaper and prices are still falling but staples like milk, bread and eggs are still going up. if you look at a basket of

groceries from last year, you are paying $2 more today. joining me, brian, thanks so much for being here. what is milk going to cost us? >> it's going to be here. we're looking to bring prices down across the board. there was good news in july. month over month the inflation rate was zero, which meant that the prices of things that fell were sufficient to offset the prices of things that increased. prices of food are still increasing too high but the price of gas is falling significantly but other prices fell as well, for apparel, electronics, used cars. that's what got to us that reading of zero inflation for the month. but our focus is how we can continue to bring prices down across the board while continuing the historic economic gains that we've seen, including

in the labor market. that's why we're working to pass the inflation reduction act, which we're hopeful the house will take action on this week. >> do you have an idea since gas prices should be going down, freight prices should be going down as well. people can avoid driving their cars, they can't avoid getting groceries. >> people who rely on driving cars to get to work can't avoid that. when the price of gas was increase, it's why there was so much attention to it and now that the price of gas is down by a dollar over the course of the last two months and on the

graphic that you've shown, that creates more pace in a household's budget. on the food side, we are taking all of the actions that we can and certainly we would hope that the cost of shipping, the cost of transit that where we're seeing moderation will flow through over the course of the next set of months. we are still in an uncertain global environment. we need to be prepared for that. we need to think about how to prepare for headwinds that we might see in the future. that's why the single best thing we can do is pass affirmative legislation that would bring prices down for families in categories of their budget where we know we can have an impact so when that family gets to the end of the month and is trying to add up all the input, with lower prescription prices and gas prices and health care premium. >> it will be for some families. medicare costs will be easier for some of the older folks in the country. there's so many variables here so there's still some chatter out there about a looming

recession. here's what larry somers told my colleague andrea mitchell earlier today. listen. >> with a horizon of two years, i would say a 75% chance of recession is about right. looking at the fact that the economy has many aspects of overheating, looking at a traditional financial indicator, the fact that long-term bonds have lower interest rates than shorter term bonds, looking at the tremendous amount of uncertainty that's expressed by consumers and business people. >> so not to get into an argument about what defines a recession, how is the white house looking ahead for the next few years and what is it doing to prepare for potentially an economic downturn? >> two points. first, i think there's no indication we're in a recession now. a week ago we found out the economy created 500,000 jobs

last month and the unemployment rate is 3.5% which ties the lowest rate in 50 years. looking forward, there are risks, absolutely. the global economy is uncertain. there is a war in europe affecting supply chains and energy prices but here's the most important thing, the united states is better positioned than any other country in the world right now to navigate these challenges and do so without giving up all the economic gains we've made and we can make choices right now to strengthen our hand. i keep going back to it but it's because it economically significant. passing this inflation reduction act is the most significant thing we can do to actually bring prices down without having to give up those economic gains. >> let me ask you about the inflation reduction act. what do you think of the carried interest loophole not getting in this bill? you happy about that? >> the president has been a strong proponent of closing the loophole. what's most important is what's

in this bill and what will help the american people as a result, lower prescription drug prices, lower health care premiums, lower energy costs and utility bills. families across the country pay utility bills and by providing tax credit, utilities will pass that savings directly on to consumers. it reduces energy prices for energy consumers in america who are american families. >> i get that. say you get more democrats in charge in november and for the next coming congressional season. will you go back to closing that loophole? it's a lot of money, a lot of big giveaways for people at the very, very top. >> just to be clear, in this legislation we're going to establish a corporate minimum tax, a minimum 15% tax that raises more than ten times the revenue than the provision you're talking about. we'll have a provision that says no corporation can avoid paying a 15% tax by doing accounting

tricks and shifting overseas. that's something that we are close to getting done. and there's a lot of things the president wants to get done that aren't in this bill that we'll keep working on and fighting for. absolutely. >> it's interesting you're not saying, yes, we're going to go after that loophole. >> absolutely. the president believes we should close the carried interest loophole, we'll stay at it. but let's be clear about the historic significance. >> there are a lot of people out there saying the only people who benefit from it are at the tippy, tippy top. doesn't make sense. >> the agency will now allow health care providers to divide a single monkeypox dose into five doses to help more people and opened eligibility to

high-risk folks. and the u.s. is approaching 9,500 monkeypox cases nationwide. joining me is senior medical correspondent dr. john torres. dividing one dose into five, does that mean it still effective? >> it's a bit of a head scratcher. it's effective because of the way they're doing it. instead of giving it subcutaneousious, which is the in arm, they're giving it intra dermal. it's a way do it where you can get just as effective or smaller dose. >> i'm sorry, it's a deeper shot? >> no, it's more shallow. instead of under the skin, it's in between the skin layers. >> why would you not do that with all vaccines? >> it depends what the vaccine is going after. if you can give the vaccine the way that the disease enters the body, then it seems to fight it off more. that's why with covid they're

looking at nose sprays because that's the way it gets into our body. with this it's skin-to-skin contact. >> so monkeypox is concerning. there was report of a child care worker that contracted it and might have infected some of the kids at the day care. how do you pass this on? who's at risk? . >> right now men having sex with sex are the biggest population having it. it shouldn't be pointing fingers at this many and putting a stigma on them because we're seeing it spread throughout. viruses go in through one group and spread to other group. right now more at risk are those close contact with somebody who possibly have it in that group and those are the ones that need the vaccine. >> close contact, you're talking about one category and i'm curious about the category of kids at a day care who could be

exposed. is it carried skin to skin? >> it can be skin to skin. if you have an open lesion, a wound up get from monkeypox, they touch a jacket, a towel, anything like that and share it can the child and the child has a scratch on their skin, it can get into their body that way. >> is there a chance of this becoming a widespread pan demmic? >> not as much as with like covid, which is rest respiration. it's not going to spread quite as fast doesn't mean it's not going to spread. >> how long will it take to manufacture more vaccine in. >> right now the national stockpile has 441,000 vials.

each is a dose the old way. there are 1.6 to 1.7 million people they consider at risk. they've already pushed out over 600,000 doses. that brings it down to about a million people. you need two doses to get fully vaccinated. this will just get us to the edge of that. college kids are going back to school. that's going to put them a little more at risk, some might need vaccinations and exposures like this at the day care, that could need vaccinations. >> coming up, we actually do have something that will make you feel good. it's got kids, it's got baseball. and i'm not crying, you're crying. i'm not crying, you're crying or... his nose. ♪ ♪

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the situation at ukraine's biggest nuclear power plant is intensifying. ukrainian officials accused russian forces occupying the plant of turning it into a

hideout where they can fire rockets knowing ukrainian forces cannot fire back. they also told reuters russia plans to disconnect the plan from the ukrainian power system and eventually reconnect it to its own electric grid. nbc news has not verified that claim. joining me live from zaporizhzhia is morgan chesky. what did you see near that plant today is this. >> right now we are about 30 miles northeast of the plant, up river and fortunately up wind. but there is a sense of apprehension here in zaporizhzhia because people do know the potential for what a meltdown would bring should this plant really fail as a result of this potential switching from the ukraine power grid to the russian power grid, as you mentioned. those experts also say that as of right now, it appears that

three power lines out of four that keep the plant running have been damaged. if this fourth line is damaged, katy, it would then fall on diesel generators and after that there is no backup and that is when we would start to see a potential meltdown go into effect here. i've had a chance to speak to a former engineer of the plant who escaped right after russia took control back in march. she is incredibly fearful for the employees still there. when she left there were about 11,000 workers who keep this plant running each and every day. she described that mood there as one of being intimidated and oppressed by the russian military on site. she also said she's heard from employees that the russians have stored ammunition and military vehicles right there on the plant, allowing them to effectively use it as a shield to launch artillery elsewhere. one of the biggest concerns here is that the fact that u.n.

inspectors have not been allowed inside to assess the damage from a series of explosions that happened over the weekend. one of this many saying right now russia is breaking every rule in the nuclear energy play book as a result of how this plant is being operated. russia meanwhile blaming ukraine for firing on the plant, however, ukraine says this is simply to sow distrust among allies. when i asked the same engineer what she envisions in a potential worst case nuclear scenario, she says it is so bad she refuses to even imagine it. >> thank you so much for that report. we appreciate it. coming up, we're going to bring you something happy, something that will make you smile, despite the image you see there. don't go anywhere. t go anywhere. this sub isn't slowing down time any time soon. i'll give it a run for its money.

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pearland pitcher kaiden shelton his isaiah jarvis in the head. >> i was shooken up. i've e never been hit with a ball that hard. >> reporter: to the relief of players and fans, recovering quickly. >> wow, that is a tough quid right there. >> reporter: pitcher kaiden shelton visibly shaken on the mound. a touching moment between opponents, jarvis striding over to the upset pitcher with a hug. >> i wanted to make sure he was all right and i wanted to make sure he knew that i was all right. >> we felt bad for each other. i felt bad for hitting him and he felt bad for when i was crying. he came and hugged me and made me feel better. >> the crowd giving a standing ovation. >> this is the best thing i've ever seen in little league baseball. >> i was sick to my stomach. to be completely honest, i was sick to my stomach. the things he said to kaiden and the way he hugged him, isaiah,

you're a great kid, you're amazing. >> reporter: parents' worries turn to pride. >> i'm a college baseball coach. it's ooh high stakes game. obviously it's win or go home. in that moment, that's what came out of him, was to be a good person. just overwhelmed with pride for him. >> ripped. caught. >> reporter: of course, the game must go on. pearland now headed to the little legal world series. in that moment, sports man ship more golden than a trophy and a new friendship players say will endure. >> you met a few days ago. you think the friendship is going to stay alive? >> yeah. >> i think so. >> good luck, pearland, go get 'em. what we know so far about the plot to assassinate, you heard it, assassinate former donald trump adviser john bolton.

i'm katy tur in for hallie jackson. asked and an answered. former president trump sitting for a deposition in a new york civil investigation but pleading fifth to all of the attorney general's questions. we're looking at what comes next as the ag wraps up her investigation. we're also learning new details about the fbi's search

of the former president's mar-a-lago home. how monday's move was months in the making. and cautious optimism surrounding the economy after new numbers this morning hinted at the potential end to that sky high inflation. what it all means for americans feeling a squeeze on their wallets. with our eye on wall street in the final hour of trading. stay with us. joining me is nbc news justice and intelligence correspondent ken dilanian, also suzanne craig, investigative reporter for "the new york times" and former prosecutor and msnbc legal analyst charles coleman. everybody, thank you very much for coming. let's start with this deposition. donald trump went to talk to the new york attorney general. he didn't say anything. ken? >> that's right, katy. basically everything that we know about what went on is coming from donald trump who issued a lengthy statement just as he was going in to sit for this deposition. it clearly was written