samira hussain there.'s bring in the milken institute�*s chief economist, william lee, whojoins us now from nevada. that's the ultimate question that all the central banks around the world are asking them selves. has the us peaked? lots of prices and inflation decreases have come out because supply chains have been restored around the world and consumers are able to get the stuff they want to buy. one of the things the fed is concerned with is that even though the headline numbers are down to 3%, way down from 9%, the court rate of inflation which is excluding the food and energy components is still high. nowhere near the 2% target. we have a good down payment but i think we have yet to see convincing evidence that the turn has actually arrived in a convincing way.— turn has actually arrived in a convincing way. what does that mean for the _ convincing way. what does that mean for the federal— convincing way. what does that mean for the federal reserve l mean for the federal reserve next move? we were expe

samira hussain has more from new york. the decision rocked the world of golf.itter rivals, saudi—backed liv golf and the us pga tourjoining forces. now although there is only an agreement in principle, the details still need to be ironed out, lawmakers on capitol hill have concerns about the merger. saying it is merely a way for saudi arabia to improve its reputation as it faces criticism on its records on human rights, women's rights and the rights of the lbgtq community. pga board member, jimmy dunn, said the deal was necessary to preserve the game of golf. some players had left the _ some players had left the pga tour to joint some players had left the pga tour tojoint liv, others _ the pga tour tojoint liv, others were under pleasure to do the same. the — pleasure to do the same. the pga _ pleasure to do the same. the pga tour and liv were _ the pga tour and liv were facing each other in litigation. there is division and tension among — there is division and tension among players, you can feel it spreading to fans and sponsors. my concern was that it all— m

our samira hussain, new york. lovely to see you.p toll world for now may be rejoicing over the. you wonder what anotherjudge rules and appeal or if another state was to go another way to new york? absolutely. there is still a lot of uncertainty but a lot of crypto currencies are crip tour companies are taking this as a big win. —— crypto. as securities they need to be registered. unlike normal commodities, though are subject to a lot of regulations but it does not to be registered in the same way. so what the us regulators were saying in the courts was, look, they have done all of this business, dealing with $1.3 billion in these unregistered securities are now the judges said, no, they are not considered unregulated securities. that is not only a big win for raffle but other crypto currencies elsewhere. there are lots of crip to currencies engaged in this battle. simeon, that is my whiny do not go voice. i only found out this today, this is your last business broadcast. you are going off to india to be a news correspondent. i am in

let's join our correspondent in new york, samira hussain.ftc are doing this? , ., just remind us why the ftc are doing this? , . ., , _, . ., this? they are really concerned that there is going _ this? they are really concerned that there is going to _ this? they are really concerned that there is going to be _ this? they are really concerned that there is going to be just _ this? they are really concerned that there is going to be just too - this? they are really concerned that there is going to be just too little i there is going to be just too little competition within the gaming world that if this takeover of activision by microsoft happens, microsoft will end up being an absolute giant in the gaming world. the $69 billion deal will have been the biggest deal made in the gaming industry. it is a massive industry, during the covid lockdown, we saw that gaming became exceptionally popular. so that is why the ftc continues to fight because they are saying that this is going to be a detriment to the entire gaming industry. there will be too

samira hussain is in new york for us.s not to engage because of saudi's human rights record. and now they've gotten into bed together. has the pga any newjustifications for its change of heart? i think when this deal was announced last month, it absolutely rocks the golf world and golf enthusiasts. what many believed would never ever happen, hell would freeze over before it happened, has in fact happen. liv golf was created not very long ago, and it was able to lure some really big name players from the pga. since then, the two sides have been engaged in litigation, suing each otherfor various things, but the merger basically removed all of that litigation, and now, they are going into business together. 50. litigation, and now, they are going into business together.— into business together. so, it really came — into business together. so, it really came as _ into business together. so, it really came as a _ into business together. so, it really came as a huge - into business together. so, it i really came as a huge surpr

the news was cheered by investors on wall street and president biden — as samira hussain reports frome in these latest inflation numbers is that the cost of living in the united states is headed in the right direction. inflation rose 3% in the month ofjune, down one full percentage point from a month earlier. it has fallen pretty sharply from its peak of more than 9% in june of last year. it's a sign that the federal reserves' moves to raise interest rate to slow down inflation seems to be working. analysts still think america's central bank will raise interest rates one more time. the inflation is good news for consumers but it is also good news for us presidentjoe biden. he touted the administration's efforts to bring prices down. he is facing the election next year, and being able to control inflation, without pushing the economy into a recession, will be key if he wants another four years in the white house. it's exactly a year since then sri lankan president gotabaya rajapaksa fled the country, after months of mass protests against his government's handling of the worst economic

samira hussain has been watching the hearing from new york for us. very future of professional golf is on the line and that the pga could not withstand the competition. how was that received? of course it was received with quite a bit of scepticism from some members or some lawmakers that were participating in today's hearing. making suggestions that there were other avenues for the pga to seek funding or to try to find other mechanisms with which they could continue this kind of competition. also some said that competition is a part of the game when it comes to the business of professional sport. but the pga continued to push that, given the funding abilities of her live the which is backed by the saudis they just could live the which is backed by the saudis theyjust could not compete with the amount of money that was being talked about which is why they said it was part of the reasoning they decided tojoin said it was part of the reasoning they decided to join forces. that also comes despite a lot of heavy criticism with regards to how human rights

samira hussain caught up with the general president of the union representing ups workers, sean o'briensituation. what are the big sticking points? what are the big sticking oints? ' ' what are the big sticking oints? ' , ., ., points? 9596 of the contract on ri . ht points? 9596 of the contract on right now- _ points? 9596 of the contract on right now- we _ points? 9596 of the contract on right now. we need _ points? 9596 of the contract on right now. we need to - points? 9596 of the contract on right now. we need to take - points? 9596 of the contract on | right now. we need to take care of our men and members. we need to roy moore that might reward the people that made them a success and that is our rank—and—file members. they made $100 billion so they need to share the wealth.— to share the wealth. what do ou sa to share the wealth. what do you say to — to share the wealth. what do you say to the _ to share the wealth. what do you say to the fact _ to share the wealth. what do you say to the fact that - you say to the fact that already compared to other unionised workers when it com

the news was cheered by investors on wall street and president biden as samira hussain reports from new york. the headline in these latest inflation numbers as the cost of living in the united states is headed in the right direction. inflation rose 3% in the month ofjune, down a full percentage point from a month earlier. it has fallen pretty sharply from its peak of more than 9% forjune of last year. it is a sign the federal reserve's moves to raise interest rates to slow down inflation seems to be working. analysts are still thinking the american central bank will raise interest rates one more time at the next meeting. the caller inflation is good news for consumers, also good news for consumers, also good news for the us presidentjoe biden who touted the administration's efforts to bring prices down. he is facing re—election next year and being to control inflation without pushing the economy into a recession, will be key if you want another four years in the white house. —— if he wants. years in the white house. -- if he wante— years in the white house. -- if he wants. financial mar

samira hussain has more from new york. the decision rocked the world of golf.and the us pga tourjoining forces. although there is only an agreement in principle with detail still needing to be ironed out, lawmakers on capitol hill have concerns about the merger. they say it is merely a way for saudi arabia to improve its reputation as it faces criticism on its record on human rights, women's rights, and the rights of the leg bye plus. the court reporter said the deal was necessary to preserve the game of golf —— lgbtqia+. preserve the game of golf -- lgbtqia+-— preserve the game of golf -- lgbtqia+. ., , ~ lgbtqia+. some have left pga tour to join _ lgbtqia+. some have left pga tour to join liv _ lgbtqia+. some have left pga tour to join liv golf _ lgbtqia+. some have left pga tour to join liv golf and - tour to join liv golf and others are under pressure to do the same. the pga tour and liv golf are facing each other medication and there is division and tension among players in a conflict spreading to fans and sponsors. my concern was that it all continued, ex