they suggested to modi that they step up their military exercises in the region. prime minister modi came into power at a moment when india was ready to take that role and he has grasp it firmly and it's made a big difference. there are now military exercises between those 2 great powers, and although nobody says it clearly, it's a warning to china. america has wanted india to come out of its shell to be the leader in the region that it's starting to step up to be, to be a good partner to the west. there is something that a chinese call their chain of pearls of not quite bases, but ports where they can get material for their navy ships and for their commercial ships. and india sees this with real concern because a lot of those ports are right around their borders into bangladesh. in sri lanka, you have them doing a lot of building and pakistan. they famously now have a military base and djibouti and people in the region, especially india sees with this with trepidation. so what are they doing? understandably, they're looking for friends. modi turned to american japanese and increasin

the radical hindu leader became 23 year old modi's mentor and spiritual father. de ross taught modi how to speak with a motion and persuasive force. oh, it's not. oh, no. oh, dear us instructed mowdy in hindu. far, the political ideology of hindu nationalism formulated by vina yaktel mode, our sava car, and his successors. it's an ideology that has roots in the wounds of india's history, british colonization, but also the muslim conquests and occupations between the 10th and 15th centuries. hindu nationalist is a belated response to a phenomenon that has plagued india for a millennium, which is invasions by islamic armies from central asia. so for one millennium, india was very repeatedly vandalized, plundered by armies that came in from across the western border. a great deal of heritage of india was destroyed during those reeds, and a number of hindus were massacred and forcibly converted to islam. in the 19th century, india once again experienced humiliation and violence. this time at the hand of european colonizers no bo implemented them, was the biggest or fun. who is the malazan,

olaf scholz is posting modi in berlin monday. they are also said to be preparing invites to south africa and indonesia. macau's gaming slump deepened with revenue plunging, the lowest in about 18 months. the world's biggest gambling hub is suffering from droughts. chinese holidays have traditionally been a peak season for the enclave. the five-day labor day holiday is set to be a washout with virus restrictions and shanghai, beijing, and elsewhere. warren buffett's berkshire hathaway is on its biggest bank street -- buying spree since 2008. they also included boosting its stake in chevron and revealing it holds a 9% stake in activision blizzard. buffett gave no indication he will setback back anytime soon as berkshire held their first in person meeting since 2019. those are your first word headlines. kathleen: still ahead, tribeca's estimates say inflation levels require more rate hikes, but over tightening is a risk. jun bei liu joins us next. this is bloomberg. ♪ kathleen: it's going to be a huge week for monetary policy. let's

and prime minister modi, it is wonderful to see — minister modi, it is wonderful to see you in personr your continuing commitment to making — for your continuing commitment to making sure democracy is delivered, because that is what this is— delivered, because that is what this is about, democracies versus— this is about, democracies versus autocracies, and we have to make — versus autocracies, and we have to make sure we deliver. prime minister— to make sure we deliver. prime minister albanese, to make sure we deliver. prime ministeralbanese, i to make sure we deliver. prime minister albanese, i welcome you to — minister albanese, i welcome you to your first quad meeting, you to your first quad meeting, you got— you to your first quad meeting, you got sworn in, got on a plane, — you got sworn in, got on a plane, and if you fall asleep white — plane, and if you fall asleep while you are here, it's ok. translation:— while you are here, it's ok. translation: ., ., ., , ., translation: the quad has made an important _ translation: the quad has made an important place _ translation: the q

of india and president macron, which means that president macron will also explain to modi what to do. join the suduction. and we will supply you with anatomy our french weapons, yes, and this is very important. france is now the second exporter of arms to india, whether through russia. india seeks to diversify its arms exports. and france has just failed to deliver submarines to australia, and in fact, we will supply dzidzio with soap . submarines, tanks, that means there are mirages, helicopters, there is no network, it’s uh, planes, that is, uh, now india will propose steps to distance it from russia, moreover. now there is an idea to invite india through prime minister modi to a meeting of the great seven, that is, india is not a member of the big seven, but they want to invite it and precisely in order to work with them so that they do not help the russians to circumvent the sanctions, so in reality, a lot is being done, a lot is being done on other fronts, and where are the french weapons to us? also ah, that's why the work is going on and the successes are also great , again, w

india's prime minister narendra modi is in europe to strengthen ties. modi is expected to explain india's relations with vladimir putin to eu leaders. and the electric car maker that could have been tesla. we look at the second try for fisker and talk with its ceo. as the fighting in ukraine goes on, the energy battle continues too. berlin has called for a phasing out of russian energy to be accelerated. one of the german chancellor's closest aides says they want a ban on russian oil imports in a few months rather than by the end of the year. it's days since russia's decision to halt gas supplies to poland and bulgaria, and today eu energy ministers are meeting to discuss how to respond to what they called an "instrument of blackmail". russia said it had no choice. but as europe depends on russia for more than a third of its gas needs, will its other eu customers bend to moscow's pay demands and risk undermining western sanctions. joining me now is kaushsal ramesh, senior gas and lng analyst, at rystad energy. let's start with the fast forwarding by ger

shoppers are reprioritizing experiences like travel as we just discussed with seema mody let's move ony. what do you make from their results? a lot of things to not love so much about this one. >> well, if you just look at the headline numbers, and there's plenty to love ebay just beat on revenue, they beat on eps but the guide appearance was absolutely horrible. >> right. >> they just killed the stock by guidance also i think that the strategy for ebay is more than a little bit of a mess. they're talking about auto parts, vault storage, volume there, users there has also declined so i think ebay -- all of the trouble ebay faces is of its own making again, the guidance going forward was just terrible. >> you know, we want to move on to etsy here really the cfo had some interesting comments in the release and talked about the macro headwinds going forward and all of the different pressures, again, that consumers are facing but you actually are liking etsy here, even though this is the worst day that it's had since 2020, i believe? >> and etsy right now is the worst performer in the s&p

birgit jennen in our berlin bureau updating us on the modi meeting with olaf scholz.k about with this meeting could mean for the oil market. let's bring in matt smith, lead oil analyst for the americas. there is some irony that with modi in berlin and berlin talking about ending purchases of russian oil that india may end up picking up those cargoes. how do you think it is going to work if europe was able to ban russian crude, where you think that crude would end up? matt: as soon as there is the invasion of ukraine, we saw india picking up barrels. we saw a go again in march, we saw 7.5 billion in april, now we have 23 million barrels in may. it is clear india is picking up these deeply discounted barrels. going forward, the talk of this deal being done where they can pick up around half a million barrels starting in june, they would be the leading beneficiaries of any type of band. you are seeing some european countries pivoting away from russian crude. you are seeing others finding opportunity. your sing a pickup going into turkey. -- you are seeing a pickup going

modi has been reluctant to condemn. the war was a major topic, mr. biden addressing it in his opening remarks. have a listen. >> russia's assault of ukraine heightens the importance of fundamental principles of international order, international law, human rights must always be defended regardless of where they are violated in the world. so the quad has a lot of work ahead of us. >> cnn has reporters covering every an angle of the story. kevin liptak, the president's comments still looming over the last day of the summit. has the clarification eased nerves or has the calculus simply changed here? >> reporter: i do think that the comment has been following the president around today as he convenes the quad summit and a reporter asked him if his comment meant that the long time u.s. policy of strategic ambiguity toward taiwan was dead, and he said no. trying to tamp down on the suggestion that he was breaking with years of policy. but really when you talk to the president's aides, you really don't hear a lot of consternation that the president went off

express grave concerns for the move. citing dependence on the with indian prime minister in to render modi is in from to old talks with counterparts. the manual electron house part of is european diplomatic tour. the trips happening despite ongoing western pressure on new delhi did change its neutral stumps with across the world to run the clock. this is our team from the team myself. you know little hello and welcome to the global news. rucker. one person has been killed and 10 more injured after an oil tempo in the den. yes. republic city of makia was engulfed by fire on wednesday morning. local authorities say this sign was shelled by ukrainian forces for oil tanks caught fire as a result of the strike efforts to tackle the blazer is still ongoing. on the city of yes, you know, i tell you in the done yet. republic also saw shelling, leaving one person dead for 5 injured local official aflame, ukrainian forces launched 15 missiles in the area in the capital than yet 7 people were injured after ukrainian artillery, showing according to local authorities. meanwhile, the united nation state

india's prime minister narendra modi is in europe to strengthen ties. we look at the second try for fisker and talk with its ceo. as the fighting in ukraine goes on, the energy battle continues too. berlin has called for a phasing out of russian energy

since coming to power indian prime minister modi's hindu nationalist party b, j. p has further escalated the situation. mowdy wants to build dams that would block the flow of water into pakistan. once more, the induced river has become a flash point with the threat of nuclear war as a worst case scenario. because of pakistan's dry climate, about 90 percent of its agricultural relies on irrigation. you're going to have marcus, lagging revealing riff lark. so when you receive less wardrobe, lambda supplier. so there is a potential source of conflicts. and the 2nd redundant is that our board value infected re, germany, married a specific from india packet and said that climate change is likely to put pressure on the, in the swanner drifting were dissolved the true countries when fall almost for 3 years. ah, so far, india and pakistan have refrained from settling their dispute over water allocation through military means. but now the situation in the disputed region is once again on the verge of coiling over. most of pakistan's rivers flow through the indian administe

and modi has been reluctant to criticize putin's invasion of ukraine.ant to call it an invasion. notice he did not bring it up publicly. and he's accelerated oil reports from russia at times. though he has criticism. and to navigate delicately, behind the scenes they may be more effective at nudging india towards criticizing putin, towards isolating himself as they're working to have a harsh response to the invasion. as the president said, putin needs to pay a price here but that is not something that the prime minister of india is willing to do publicly. look at the two readouts of the meeting. the white house with president biden's meeting with prime minister modi said that they condemned the invasion. you look at the indian readout, it doesn't mention the russian invasion. you can see the stark differences how they're dealing with this. that has been a challenge of president biden and making his way back to washington. john. >> yeah, it's interesting to see how ukraine is rechaping the u.s. relationship with countries all over the world. kaitlan coll

german chancellor is planning to meet -- is planning to woo modi to the g7 summit.tory is next. this is bloomberg. ♪ tom: welcome back open. geopolitics remains top of the agenda. the german chancellor plans to invite the indian prime minister as a special guest to a g7 leaders summit in germany next month. it is a bid to sway india into joining the international alliance against russia. we are joined by our german reporter. the invitation, is it significant in terms of a gesture to india and how likely is modi to see this as an incentive to more closely align? >> i think it is a strong signal to india because it is not normal to invite another country in this current situation to a high-profile g7 meeting. it is clearly a sign that germany actively seeks to reach out to india. we know that the chancellor and other ministers in the government are concerned with the russian war, after the war, there will be a more fractured global order and that the world will be divided between two different blocks again. and india has been staying neutral and has not supported the

all these people have all the connection, it makes me feel great. >> for the news, i am seem seema modi homes collapsing in the ocean. why meteorologists say they broken into pieces >>> if you fly out of dallas/ft. worth, don't feel too bad enjoying some ea this is xfinity rewards. our way of showing our appreciation. with rewards of all shapes and sizes. [ cheers ] are we actually going? yes!! and once in a lifetime moments. two tickets to nascar! yes! find rewards like these and so many more in the xfinity app. >>> two coastal homes in carolina collapsing. one of the homes fallen yesterday. you can see the broken pieces. the coastal is to blame. it is causing dangerous high tides and strong winds and beach erosions this was the other house that collapsed, nobody was home either according to park service. more homes in the area could fall and that's the weather service warning of additional flooding ahead >>> more than 90% of the great bar barri barrier reef corral suffered this year. cli scientists are warning this is the first time of llanina. >>> one of the busiest airports around t

but modi did call for a cease-fire. >> we believe that at the end of this war, there will be no winners. everyone will suffer losses and that is why we are for peace. >> schultz went much further, saying that russia had violated international law in an unchecked manner but india and germany were on the same page when it came to national sovereignty. >> we agreed that borders cannot be moved by force and that the integrity of nations must be beyond question. we talked about that very carefully and that with each other we can do this -- by enabling economic and common development. >> these two leaders left of the press conference without taking a single question. >> let's get more on this story. i am joined in the studio here. tell us how significant this visit is. >> they have a special and unique friendship. germany is india's largest trading partner within the eu. the $10 billion commitment that germany made to india for his climate change is for another key area of operation which is a renewable energy. there were no joint statement is to be made and that was the war in ukraine. the p

dr. modi and india's path to becoming a global power. we'll have more headlines at the top of the out of course, visit our website, he w up com antonio landfill, and thanks for watching. ah ah, our interest in the global economy, our portfolio d w. business beyond. here's a closer look at the project. our mission to analyze the fight for market dominance, get us to the head with d w. business beyond.

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the president will be having hath conversation with modi as well.ertainly-president trying to tie all of this together on his final day in asia. and you heard him speaking about the war with in ukraine earlier. he said this is more than a european issue. it's a global issue. and the japanese prime minister said we cannot let the same happen in the indo-pacific. that crisis still looming over the final day of the president's trip to asia. >> kevin, stay with us. woo we'll go to steven jang in beijing. two clarifications from the white house. will that bring any appeasement for beijing? >> unlikely, skraun. -reaction has come quickly. forcefully, as you can imagine. because taiwan is considered the reddest of their red lines. because they conrtrol the islan and consider it part of their territory. that's why they warned the u.s. not to underestimate the 1.4 billion china people 's resolve to safeguard national sovereignty. by now, with we've heard time and again over the years. -real question seemed to be on the mind of likely a lot of chinese officia

coming up next is doc film with a look at prime minister to render modi's ambition to turn india until a global superpower on iraq and berlin on behalf of all of us here. thank you so much for making us part of your date of lead. niko is in germany to learn german lodge, benita, why not learn with him online, on your mobile and free chest c w e learning course eco speak.

country has been stronger in the international order under the hindu hardliners prime minister in modi. but domestically the country is increasingly divided the world of not in the almost 45 minutes on w with natural spectacle in an improved world, a meeting of the lou a removal. i went to present a testament to the quality of the waters. one of the many success stories from a bastion of biodiversity starts may 20th on dw vladimir putin victory day parade in moscow. brought no sign of the war in ukraine is coming to an end. russia's leader flaunting his power and these weapons and blaming the west for his invasion. but will the west ever deal with him again? a question to roush dagma social democrat member of the german bundle dog, who joins me this week from berlin. our aim is not regime change or weakening one or the other country, but the getting the war stopped and continue to push back his troops. but what about germany's.

in so you're watching the w news of next doc film india's path to global power under the rent from modi, i think as well. and thanks for watching things . imagine so many pollution problems. so now in the world climate change to the bank on the stores, this is my plan, the way from just one week. how much was can really get we still have time to act. i'm dealing with process. ah.

m modi says demands have grown parents continue the hunt, changes need to happen at the top. >> we need to support bigger companies that exists and are doing what they do very well with more resources and more safety, more fda order sites if we can do that, we'll be out of a crisis. >> the company that shuts down the factory says it is working to address any issues flagged by the fda in its michigan facility and hoping to restart production in two weeks >> we hope it can rectify the shortage but especially people hoarding now is going to complicate the problem >>> elon musk putting his twitter takeover on ice for now. he insists he's still committed to buying the social media company. twitter estimated fewer than 5% of its monetizable daily active users were bots or spam c accounts musk says he wants details supporting that calculation before moving ahead with the take over deal musk's announcement rattling twitter's stock today. it plunged by 18% in premarket trade. if musk waits too long to acquire twitter, he may face a new challenger snoop dog wrote, "may have to buy twitter now. >>

individually with the new prime minister from australia, but also the indian prime minister narendra modi. of course india has been somewhat reluctant to follow the united states' lead when it comes to the war in ukraine. it is still importing russian oil, it has been hesitant to apply sanctions on moscow. so that is something that the president and prime minister modi will discuss when they sit down on tuesday. so certainly it is a stacked agenda here in japan. the issue that is still overriding all of this is as you were saying north korea, japan just like south korea is anxious about those provocations that you've seen coming from pyongyang. when president biden was leaving seoul, he was asked what his message would be for the north korean tdictator, kim jung-un, e just said h. ssimply said hello period. >> and we're seeing air force one landing in the picture behind you, thousand covered up by that helicopter. but this is the air base in japan. president biden aboard and he will be meeting with the japanese prime minister later in his trip. so i want to pivot now to blake. you've been

mody says as demand as grown, her company had to stop accepting new customers to ensure enough supply for the existing ones. she says while parents continue the hunt, changes are needed at the top. >> we need to incentivize more players to be able to enter the industry, and we need to support bigger companies that exist and are doing what they do very well with more resources, more safety, more fda oversight if we can do that, i think we'll be out of a crisis >> reporter: abbott nutrition, the company that recalled its products earlier in year and shut down a factory, says it's working to address any issues flagged by the fda at its michigan facility and hopes to restart production at that plant in two weeks >> well, we hope that it can rectify the shortage, but especially as people start hoarding now, it's going to complete the problem valerie banks. >>> elon musk putting his twitter takeover on ice for now. the billionaire tweeting today the deal is on hold until he get more information on the number of fake accounts on the social media platform he insist he's still committed to buy

let's bring in rick modi, consumer analyst nick, what's ailing them >> well, look, first of all, thesumer staples sector actually performed well year to date relative to the market and you see the valuations at roughly 20% that's double what the mister cal historical average walmart put a scare in those money managers and the portfolio managers that flooded all of that money into this risk and as we've been saying on the show and for the past few months it's going to get pretty tough for these companies as we get deeper into the year as pricing that they announced because of what they're feeling, and i do think just looking at some of the work that other rbc analysts have done that we could have more issues with inflation in the energy and agricultural side >> so tease that out for us, what does it mean for the potential further downside for the names that you cover >> yeah. so, i think my biggest issue has been a lot of these companies have announced price increases that would be necessary for them to hit their guidance for the full year, and as we're rolling through the next few mo

modi says demand had grown while parents continue the hunt, changes need to happen at the top. >> we need to support bigger companies that exists and do what they do very well with more resources, more safety, more fda oversight. if we can do that, we'll be out of this crisis >> the company that recalled its products earlier this year says it is working to address any issues flagged by fda and michigan facility and hope to restart production at that plant in two weeks >> well, we hope it can fix the shortage especially people start hording now is going to cop complicate the problems. >>> elon musk putting his twitter on ice he insists he's still committed in buying the social media company and a publish earlier this month, fewer than 5% of its daily active users were bots or spam accounts in the first quarter of the year. musk says he wants details supporting that calculation before moving ahead with the takeover deal. musk's announcement rattling twitter's stock today, it closed down the day after plunging by 8% in premarket trades snoop dog wrote, "may have to buy twitter now. my g

it is unclear if russia is referring to the same attack. >>> india's prime minister narendra modi istalks with chancellor olaf s scholes. they are both facing pressure to ram up support for ukraine. how much will russia be front and center? >> reporter: it will be front and center because that is what they will be talking about along with bilateral talks on trade. ukraine will be the focus of talks. two countries that have been coming under immense pressure from the west and the european union to go ahead and make some comments and take a stand and take some action in favor of ukraine against russia. but remember india and russia share historic ties, old ties. india depends massively on russia for military equipment. more than 50% of military equipment is imported from russia, according to statistics, and that is one reason why india is not keanen to take a stand o the russia/ukraine war. it is under pressure from nato and the european union and there has been pressure from the west. we have also had joe biden come up and talk about and acknowledge the historic ties india and russia

when it comes to prime minister modi, he stands out because he has been one of the few leaders who is reluctant to criticize the president on his invasion of ukraine. you saw president biden on the ground saying this is a dark hour. this is not just a europe problem, this is a global issue that all of these nations have to deal with. seemed to be pointed remarks at prime minister modi, and that is the message president biden is taking back with him knowing this will only continue to be something he deals with, continues to discuss, as to now had he move to look at focusing on the $2 billion package for asia. >> they haven't been able to do it yet on ukraine. kaitlan collins, thank you so much. >>> adam kinzinger is in illinois. thank you for taking time for us. >> you bet. >> in effect does the u.s. now have a new taiwan policy which is to say it will defend taiwan militarily if china were to invade? is that the reality? >> yeah, i don't know if it's a new policy. here's the interesting thing when you get into this kind of international diplomacy is kind of the unspoken thing is the i

let's bring in nick modi i'll start with el, hopefully they're on your list you would expect estee lauderall companies to be a classic case of pricing power. what happened here >> absolutely. they'll be reporting tomorrow, actually the reality is they have a lot of exposure to china so when you think about lockdowns happening, that's obviously going to be a weight on their top line, and we'll probably hear that from them tomorrow, but the stock has corrected way more than i think earnings will correct, and i suspect what's happening in china will end up being transitory and we should start seeing the growth resume once the china situation resolves >> that would be a name you're more constructive on even though it's been on the red what about codi, sort of sticking with the space? >> i was on the show not too long ago talking about my view on where you should be placing their bets and that's companies levered toward mobility and estee and the china lockdowns got in the way, but when you think about cody, here is a company, coty from shelf space losses and gaining market share and as we all

here's cnbc's seema modi >> patel, his wife tina and their children live in. >> i lived in a patel. >> they allowed them to cut costs. >> it was crudowded because we d members of my extended family, my grandparents, myself, my uncle. >> that paid off with the patels now owning 11 hotels across virginia and mare lyland. >> the more hard work you did, the more you grew. >> the youngest son majored in hospitality and recently graduated from virginia tech the plans to grow the family's portfolio of hotels. >> expanding outside of d.c., maryland, virginia area and maybe go down to florida and go up to new york. >> while building a community. >> another reason i really love the hospital industry is the camaraderie between not just, you know, asian americans, but everyone you know, as an indian, you can go to a random place in seattle or california and always know someone. >> it is a success story shared by many indians across the nation and is one of the key ways so many were able to emigrate to the u.s. >> the first generation that came over here, they were just accidental hoteliers it was

no rainbow modi is to visit france on day 3 of his working trip to europe. it comes against a backdrop of waste and pressure on you, denny, to join the coupling functions against russia. and cracks appear in european society over military support for kids. as german intellectuals pin an open letter to the chancellor, while hundreds of vulgarians protest against weapons supplies to ukraine, generosity. but we want to ban approved a bulgarian territory be used for hitting either.

seema, thank you very much seema mody >>> still ahead, if you're trying to protect your portfolio fromnflation dividend darlings for some steady income and as we head to break a look at the dow heat map ee mcknd stocks are in the grn,er a j&j back after this. you should really check in with your team on ringcentral. oh hi caesar. we were just talking about you. yeah, you should probably get out of here. ♪ ringcentral ♪ do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. if you have $100,000 or more of life insurance, you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit coventrydirect.com to find out if your policy qualifies. or call the number on your screen. coventry direct, redefining insurance. you're a one-man stitchwork master. but your staffing plan needs to go up a size. you need to hire. i need indeed. indeed

seema modi. >> still ahead on "power lunch," all areas of the market are being hit in the sell-off andhe dow is down to a 500-point decline and oil has been holding up all year and the energy stocks are sliding down with it and it is down 6%. does that mean t rheun is done for the energy names we will get a trader's take we will get a trader's take after this ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ >>> welcome back, everybody. 90 minutes left in the trading day. another rough session for the market let's get you caught up across stocks, bonds, the dollar, commodities and the potential for inflation deceleration let's begin with bob pisani down at the nyse. bob? >> and it's new lows everywhere. we broke decisively through that important level on the s&p 500 that joins the nasdaq and the dow industrials for new lows big names, broad, diverse groups at new lows on the dow industrials and salesforce and the growth areas they're under pressure more than anything else, of course we also see boeing in a new low and concerns in china and perhaps slowdown in the streaming service. cisco is in a new low and

an entire global issue dealing with the russian invasion of ukraine, were pointed at prime minister modid to even call it an invasion, and he's continued to accelerate the russian oil imports. and so the white house has been in this position of trying to delicately navigate that relationship and trying to get modi closer to where the president of the united states is and other world leaders. so far he's not budged in that direction. that's something they're managing and you see it on the scale of how it's changing the summits between world leaders. and also in the context of the president saying this has a bigger warning sign potentially for what could happen when it comes to china potentially attacking taiwan. you saw the president today tempering his statement that yes, the united states would get militarily involved in taiwan if china were to use force. that was basically dispensing with the long-standing practice of strategic ambiguity. today the president insisted the practice is not dead, maybe trying to add a little bit more ambiguity into the situation. it was clear he had gone f

you're not going to look it up with india's prime ministers, european to continue with in a rainbow modi stay neutral in the ukraine conflict. despite the waste press a new date to pick sides. while the russian military has opened a new humanity and corridor was civilians from the as of souls still planning to mario po, we hear from those evacuated about the nightmare. they've had to endure looking breathe, air, fresh air. it's a dungeon. they're almost like 3. flo was down below the earth. it was very scary before we were 2 months under fire, it was scary to go out. and the ears unit.

and president biden could say to prime minister modi to draw them closer together? mr. to some extent the international media commentary on this is somewhat in excess of the reality. india has its own local circumstances with russia, particularly the russians have provided the book of indian military quitman. -- bulk of indian military equipment. until that changes with new patterns of purchasing from india, there will always be a level of constraint there. more broadly what is significant is t statement issued on behalf of all four governments, india, australia, japan and the united states, condemning the use of force in the resolution of international disputes and conflicts. that is a direct reference to russia, and india as a signary to that statement. host: honorable kev rudd, thank you for joining us on the program today. mr. rudd: good to be with you. host: in the state of texas, there are reports that several students have been killed after a gunman opened fire in an elementary school. joining us now for more is the bbc's barbara plett-usher. what more do you tra

meetings, where the white house said during president biden's meeting with the indian prime minister modi, he condemned russia's invasion. if you look at the indian readout, it does not mention the war in ukraine. >> kaitlan collins for us, thank you for being there and helping us understand what went on this very important asian trip. thank you. >>> joining me now is journalist rhea ninen, as the president is now on his way home from asia, what do you think is different this morning than when he first got there? how have things changed now that he said what he said? >> he's made these sort of references three times during his administration toward taiwan, maybe not to this forceful way, but i have to say, if you look at the white house's stance over the past year on china, they have been aggressive about shoring up partnerships. i was here with you in the fall when we were talking about the military path between the uk, australia, and the u.s. sharing submarine technology and they managed to move australia from sitting on the fence on china to actually taking a ststand on this. they're s

seema mody joins us. seema, why are travel stocks underperforming so much today?with goods spending. >> clearly not travel getting caught up following disappointing guidance from best buy and other retailers. even though the marriott ceo said bookings are holdings up, it's the concern around what happens post summer. now, as you said, the cruise lines among the worst performers today. it's one of the reasons i'm told my sources that carnival is in preliminary talks to sell one of its cruise brands, sea born. one suitor is the saudi sovereign health fund and it comes after the cruise operator raised about a billion dollars in debt at a yield of 10%, which did raise some eyebrows. you'll see shares of carnival have dropped about 40% in the past three months. these stock prices can of course have an effect on the type of deals that come to market, mike. >> absolutely. as we've discussed several times, these companies have big balance sheet issues based on what they had to do to get through the pandemic steph, what about you? in terms of some of the hotels or any of t

let's get to seema mody for the sn cnbc update. >> here's the update at this hour, rescuers in nepaling all 22 bodies from the site where a plane crashed on a mountainside on sunday within 20 minnesoutes of takingf all passengers and crew on board were killed. officials recovered the black box and are ordering an investigation. >>> european union leaders agreeing own an embargo on russian crude oil imports that will take full effect by the end of the year. hungary and the czech republic, slovakia as well securing exemptions for the pipeline imports. the ban is aiming to halt 90% of russian crude oil imports. this marks the toughest sanction yet on russia and one that took weeks of debating to settle on. >>> a federal jury in washington found hillary clinton campaign lawyer michael suzman not guilty on a charge of lying to the fbi. prosecutors from a special counsel contended that he misrepresented himself to the fbi in 2017 in hopes of orchestrating an october surprise against former president donald trump >>> thank you very much. and ahead on "power lunch," a crude conflict, the eu

let's goat to seema mody with more from the report >> reporter: a record $27 billion, a jump of 129% compared to the prior year. books ceo glenn fogel says it's the highest quarterly amount in the company's history, citing an uptick in international flight searches on kayak and the largest sequential increase in alternative accommodations in the first quarter. that's the business that competes with airbnb and expedia's vrbo despite the threat of inflation, executive says summer gross bookings are tracking 50% higher than 2019. those comments from executives sending shares higher by as much as 12% here in after hours but let's turn to tripadvisor. the company seeing a 229% increase in experiences in dining in the first quarter year-over-year long-time ceo steve coffer, he is stepping down the board appointing matt goldberg as the new ceo. stock is up 6% here in after hours. melissa? >> seema, thank you. seema mody so no macromet pot holders. >> i'm surprised it doesn't have any more dutch ovens these are the perceived areas of strength you've got to travel sector or these pockets with