Michael Phelps, Margaret Qualley

Heavy rain in Chattanooga, Tennessee, is causing severe flash flooding with some areas getting more than six inches in just four hours. While the flood threat recedes, residents in Juneau, Alaska, are told to evacuate as water from a nearby glacier threatens to overrun its basin. It comes as record-breaking temperatures are bringing dangerous heat from the East and West Coasts. NBC's Erin McLaughlin reports and TODAY's Al Roker tracks the forecast. Hundreds of National Guard troops have been deployed across Washington, D.C. as part of President Donald Trump's push to cut crime in the district. It comes as Mayor Muriel Bowser, along with the district's police chief, met on Tuesday with Attorney General Pam Bondi and says she will make the most of federal help that she says she's powerless to refuse. NBC's Garrett Haake reports for TODAY. The White House is conducting a review of the Smithsonian's museum exhibitions ahead of the United States' 250th anniversary to "ensure alignment with the president's directive to celebrate American exceptionalism, remove divisive or partisan narratives, and restore confidence in our shared institutions." NBC's Garrett Haake reports for TODAY. The core consumer price index, a key measure of inflation watched closely by the Federal Reserve, jumped to 3.1% in July, marking the largest gain in six months as companies grapple with President Donald Trump's trade war. It comes as the S&P 500 and Nasdaq closed at record highs on Tuesday. CNBC's Andrew Ross Sorkin joins TODAY to break down what the impact will be on prices, how tariffs are affecting the numbers and more. Police have identified the suspect behind a shooting at a Target parking lot in Austin, Texas, as a 32-year-old who was spotted walking naked through a backyard after allegedly opening fire. It comes as more information is being revealed about the three people killed in the attack. NBC's Priscilla Thompson reports for TODAY.