that's derek halpenny.et's get over to the first word news with annabelle droulers. annabelle: hi. president biden has dismissed concerns that the u.s. will experience persistent inflation as the economy were -- emerges from the pandemic. while cautioning that restaurants may take longer to recover. inflation has become a political liability for the white house. republicans blocked debate on the presidents and for structure package. -- infrastructure package. >> the experts including wall street are suggesting that it's highly unlikely that it will be long-term inflation that will get out of hand. there will be near term inflation because everything is now trying to be picked back up. annabelle: china's -- is bracing for more heavy rains a day after a day lose sparks the evacuation of 100s of the 5000 people and left -- 100 city 5000 people. -- 165,000 people. cars swept away. eight months of rain is said to have fallen in 24 hours. global news 24 hours a day on air and at bloomberg quicktake, powered by 27