Happening outbreaking news, soaring inflation, a new economic report sending wholesale inflation skyrocketing.

In fact, prices are at the highest they've been in nearly four years.

Plus, critical meetings, President Trump is now in Beijing, the leaders of the world's largest

economies meeting as the Iran war looms over the visit. And then later, one-on-one with Congressman James Comer, the chairman of the Oversight Committee,

will join us and will discuss the congressional investigation into Jeffrey Epstein and the shocking revelations from his survivors.

Iran's missile capabilities, the New York Times now reporting that Tehran's military still

has access to most of its missile sites, launchers, and underground facilities.

Plus, one-on-one with Congresswibb and Catherine Clark.

The Democratic Minority Whip will be here in the situation room.

So what is the Democrat strategy right now the shift on redistricting

just ahead of the midterm elections? And later, the CIA's escalating secret war in Mexico.

New exclusive CNN reporting on how the spy agency is taking on the Sinaloa cartel

seen in this video. Welcome to our viewers here in the United States and around the world.

I'm Wolf Blitzer with Pamela Brown, and you're in the Situation Room.

This is CNN breaking news.

Breaking news. Key new economic data shows inflation soaring in the United States.

The headline, it's worse than expected.

The new report shows wholesale prices are at the highest level in nearly four years.

Let's go live to CNN it at business and politics correspondent.

Vanessa, what's behind the headline? Well, Wolf, what we are seeing is that price increases

for businesses just blew past analysts' expectations on an annual basis. Inflation for businesses

rising to 6%. Just in March, it was 4%. So you're talking about

...