that and there's lots of sunshine to be found across the south of south east asia. not much rain in indonesia, but it is looking very wet for the north of us with more heavy rain pouring into western parts of the philippines friday to fetch today. the, [000:00:00;00] the . ringback the, the, [000:00:00;00] the welcome back and recap of our top stories on how to 0. israel's foreign minister benjamin this now says he remains committed to a guy's sci fi deal. that will see the release of all captives. but he and says, he won't end the war until only as rascals are a cheese on a simians returning to parts of the c. j, a neighborhood in guys of city have found their homes in drawings. so you and estimates hundreds of thousands of people would space during his route to reach operation in the area and ukraine surprises into told tomato that to win the war. he needs to hit military targets inside russia. what it means, lensky says, restrictions on us and lessons to find weapons limits. ukraine's ability to launch long range strikes, a timeline spine, so helping young morris,

that and there's lots of sunshine to be found across the south of south east asia. not much rain in the in asia, but it is looking very wet for the most of us with more heavy rain pouring into western parts of the philippines friday to fetch today. the pod huge, i mean to be is israel and obstacles piece. i think that the new thing, you have one of these governments with these 5 digit you say getting russell, a thought provoking on the e. you made weapons of being used in guns. no guns should be used in an offensive way. that's our facing realities. you're running mean, what does he bring to the table, hard from the presidential, could we do it or some we cannot take the effective use of the present as not that important factor via the story on talk to how does in the latest news as it breaks someone, well, i'm showing as one of the policy latest presence, the manual not to have to negotiate with the only thing right now politically, was the desire to stop. all right, with details coverage. well, live up maybe up beats about it's decisive victory for the verge of tur

the high low that a major part of the outbreak is going to cool things down across the south east of a straight you will get that in a moment before us to south east asia and there's more rain pouring into northern parts of the region. we have got a red flood for the south west of the philippines. you can see the very heavy rain out to sea on friday, but it does shift its way further east over the next few days on intensify. we also have some very heavy rain continued to effect pots of indo china, with warnings out across places like thailand. but for the south of this, i'm not sure why i also look for indonesia and it seemed very dry across the north of australia, lots of sunshine and rooms to be found here. puss manages to hang on to 18 degrees celsius on friday through to saturday. but things are gonna get a lot cooler for the se. once that cold front pushes through, we got colder air coming in behind it. so a bit of a wintry outlet for pots of tasmania as well as victoria and some parts of new south wales will hope. ok, well we'll be getting cooler. just 10 degrees celsius. the on sunday with some isolated showers. but it's looking like a fine frid

east with some bus of heavy rain affecting northern parts of japan. it's so hot and humid down in the south, and hot and humid across parts of south east asia in particular for malaysia and indonesia. it's looking very dry here. but on saturday we'll see more heavy rain pulling into northern parts of the philippines of the oh to there's no place like home except when home is for the part of the lebanese filmmaker documents as likes to one of the country's most turbulent times. pills on the anxious and fatal a witness documentary on this jersey at a ukraine's foreign minister visit staging foot folks the 1st trip by ukrainian government representative to china since watches invasion moments of years ago by doing intensifying diplomatic efforts. why now can they help in the world? this is inside story, the hello and welcome to the show. i'm sammy's. i then, now ukraine's foreign minister that meets real calais but as being in beijing.

of moscow. and with the u. s calls beijing's provocative actions and the south china sea. while the 10 member states of audience met to discuss the strategic direction of south east asia, change, much attention was focused on to guest of honor, the united states, and china. until recently, tensions between china and the philippines were flaring over a filipino outpost on the 2nd. thomas, sho, both country se, it's in a part of the south china sea that belongs to them. last month, chinese vessels rammed filipinos supply boats on the way to the area. but then, a week ago, vision and manila agreed to a deal cooling off tensions, at least for the time b, u. s. secretary of state and he blinked and praised both sides for their diplomacy . we are pleased to take note of the successful to resupply today the 2nd time to show which is the product of an agreement reach between the philippines and china. we flawed that and hope and expect to see that it continues going forward. while the us, as top diplomat also criticized vision for adding to regional tensions in the 1st place. he met with his chinese counterpart for the 6th time in recent weeks. but for russian for administer sergey l

of the rates. the have that slip to south asia, and the monsoon 12th is sitting, flying east, south of its position. it will remain there over the next few days, bringing very heavy rain to western and central parts of india. we are expecting flooding here. we've got red alerts out from good us down to the south carol and also see some of that heavier re. but you can see it picking up for central and eastern areas on saturday. some heavy rain as well. we'll push into a central pumps of pockets done with the mountain weight of spotty showers, across the very north and places like sri lanka. but the rain will pick up to the north east on sunday, pushing into both time as well as an airport in the days ahead with some rain coming back into deca in bangladesh. that rain forming heavier as well for sunday in me and mom and heavy rain is a story for east asia. thanks to the may. you from the continues to pose those bouts of heavy rain for the east, from showing down in china on woods to the korean peninsula. we have already seen flooding in south korea. we could see 200 millimeters more over the next few

south east of a stray of putting the bird back in. can bro will head down on the, in just a moment 1st the south east asia. and it is a tail of extremes and lots of what, whether across the node very hot and dry conditions. however, down in the south for places like indonesia, as well as malaysia. but as the rain on, she said it continues to pull in a cost. indo china with heavy bus of rain. once again rolling into northern areas of the philippines. we will see those thunder of showers in manila over the next few days. now they're looking to launch the drive for much of australia, lots to settle, whether to be found across the move on most central areas and towards the southeast . but we are seeing some pretty wild winds for the se coastal areas of new south wales. seeing some rough seas as well as the weather, still pulling into southern pots of w a ray, and expected to fall in post through the week. another cold front approaching that by the mid week. but it isn't looking a little bit quieter once again for the se on wednesday, but it is those temperatures overnight. we could see minus 4 degrees celsius i

south china sea. while the 10 member states of ozzy and met to discuss the strategic direction of south east asia change, much attention was focused on to guest of honor the united states and china until recently, tensions between china and the philippines were flaring over a filipino outpost on the 2nd, thomas, sho, both country se it's in a part of the south china sea that belongs to them. last month, chinese vessels rammed filipino supply boats on the way to the area. but then a week ago, aging and manila agreed to a deal cooling off tensions, at least for the time b, u. s. secretary of state and the blinking praise both sides for their diplomacy. we are pleased to take note of the successful to resupply today the 2nd time to show which is the product of an agreement reach between the philippines and china. we flawed that and hope and expect to see that it continues going forward. while the us as top diplomat also criticized paging for adding to regional tensions in the 1st place, he met with his chinese counterpart for the 6th time in recent weeks. but for russian for administer sergey laufer of who was also present, there was no sit down with lincoln. the 2 have fairly been in the same room since rush it, and they did ukraine more than 2 years ago. lover of said he was concerned about a recently announce nuclear agreement between the u

the military photo world is full of hitting ties in the south east asia. russia's top, the right side in that room has met with his count of laws from china and south asian countries of the f. c. i'm phone ministers conference in los the, sorry, a number of how tools with his council voted from loud i was calling some of the i see on countries. so again, that was rounded off. why and meeting with china is for them. is that why the different was emphasize the need to the account the outside into if there's in south east agents and those costs process something they provide. also not with the with eyes asians role in developing m o, for in most people the world i see i'm a do was was an issue i see on is one of the most important elements of the emerging more just a multi polar world. the association was and still is the core of regional efforts aimed to ensure stable and secure. non align developments of asian pacific is about russia and china is large scale potential, as well as moscow invasions participation in bricks. and the seo can influence positively. both i see on and cooperation with this members in order to settle global and regional issue

south is how do they stand? we drive, you might just got to shower, to towards the fall south of china. taiwan, seeing a few scattered showers, could scattering the showers. meanwhile, across a good part of south east asia of the west, the weather coming out of a small job pushing acosta. was born in any of showers around in the heat so that i particularly across the philippines and showers, that continuing for condo, china, india, also saying some live yourselves. i'm hoping that the what to whether the flooding range of tools and all the planes will ease off a little bit boring, subbing, downgraded, but the heavy rank continues to bundles dash and the final faced the, the, the, [000:00:00;00] the, [000:00:00;00] the, the people to i'll just say release the whole run, the reminder of all the top stories results on the 2nd round of front says parliamentary election show the left wing alliance has taken the highest number of seats, but the left block is folding, shows it up slick majority. meanwhile, the far right national valley is trailing inside place. no attention to as to how to form a workable government. the prime minister has pledge to hand in his resignation on monday, and the country is facing

south is how do they stand? we drive, you might just got to shower, to towards the fall south of china. taiwan, seeing a few scattered showers, could scattering the showers. meanwhile, across a good part of south east asia, of the west. the weather, coming out to the small try pushing. acosta was born in any of showers around in the heat so that i particularly across the philippines and showers, that continuing for condo china, india, also saying some live yourselves. i'm hoping that the uh what to whether the flooding rains up towards the northern plains will ease off a little white boarding, subbing downgraded, but the heavy rain continues to bundle the dash and the final taste of the football enjoyed by funds across the world. but it also played an important role in challenging colonial rule. and now tyria ensued on the mission of the clock. what's the point out is there a well tells the powerful story of how footballs became more than just to support and the fights against the french and purchase colonial authorities against the initial executive and one think section the rebel game out, jerry. and so dawn on al jazeera, they left echo are saying it's influenced by foreign countries. now, these year

south korea. the had the wet weather will always continue across northern parts of south east asia. and that's thanks to to tropical functions. one of those, what is waiting to northern parts of vietnam, still bringing heavy rain to indo china in the days ahead. the other one has strengthened into a tie food moving now towards southern parts of china, but it brought some very heavy rain to northern parts of the philippines, despite not making land for here, the rain is set to continue over the next few days. thanks to the energy that's being pulled by that system across the north. so we're likely to see further flooding across one, northern and central areas over the next few days. some heavy rain as well, will continue on thursday for the likes of me and mom that sense of the monsoon range. touching down into a box of thailand, but for the, for the south of this, it is a very hot and dry picture for much of malaysia and indonesia is looking very hot and dry as well across moving and central pots, oval strain, and lots of settle. whether to be found here, we have got a band of rain that is easing as it pulls its way towards the se kula ad behind that. some of that rain touching once again into southern parts of w a. the weather will push its way further east over the next few days. we're expecting some of that rain in sidney on friday. not sure whether the the . ringback the, the the welcome back, you're watching l to 0. let's remind you about top stories this. how can you as president, just have to address the nation within an hour following more anti government protests, members of the media, say police have brucely time. if it john covering the demonstration media have been holding a rally off to the shooting of a report. the detention and opponents of he has to be the only survive of the plane crash. and the polls capital cost skid

to events in east asia whether significant tensions in the south china sea, the east china sea, between china and china and taiwan and of course between north korea and its neighbour southn of reassurance. his spending ten daysin reassurance. his spending ten days in the region, southeast asia, northeast asia, and all designed to reinforce what i need to be one of president biden �*s signature priorities which is upgrading the us alliance structures across the indo—pacific. alliance structures across the indo-pacific._ indo-pacific. and on that oint, indo-pacific. and on that point. the _ indo-pacific. and on that point, the joint _ indo-pacific. and on that | point, the joint statement indo-pacific. and on that - point, the joint statement also that it would institutionalise security cooperation, so is this the biden administration's way of trying to trump proof it is that your policy? you way of trying to trump proof it is that your policy?— is that your policy? you could no even is that your policy? you could go even beyond _ is that your policy? you could go even beyond trump - is that your policy? you could i go even beyond trump proofing. i think this is an attemp

the earth, notjust from every corner of the earth, not just from south from every corner of the earth, notjust from south america but from africa, asia, the middle eastnever seen before, it is an invasion indeed and this administration does absolutely nothing to stop them. they're coming from prisons, they coming from jails, becoming from mental institutions and insane asylum. you know, the press is always on me because i say this. has anyone seen silence of the lambs? the late great hannibal lector? he would love to have you for dinner. that's insane asylum is, they are emptying out their insane asylums and terrorists are coming in at numbers we've never seen before, bad things are going to happen meanwhile, our crime rate is going up while statistics from all over the world are going down because they are taking their criminals and putting them into our country. a certain country and i happen to like the president of that country very much but he has been getting great publicity because he is a wonderful shepherd of the country. he says how well the country. he says how well the country is doing because their crime rate is down, and he said he is t

of course, south america and mexico but and places in central america in general. but obviously many different parts of africa. a saw me in northern europe in the south east asia, australia, new zealand, hawaii like there's all of these indigenous peoples on a global scale that share a lot of the same place that we did here because it's just colonization over and over again. everywhere and colonization hasn't died, you know, it's still active like we're still indigenous peoples in places like brazil that are being murdered for the land spaces that they're living on for example. or we just see colonization in many different forms, like what's going on in ukraine or the middle east or, you know, africa. and so they do certain parts like congo, like you name it, like it's still active out there. so it's just naming it for what it is, say that you've touched on what you want, sir, but are there certain seasoning certain flavors that you see as the nightly native american? i mean, it's just showcasing what's the true food of north america because it's not hamburgers and coca cola, you know, like there's so much to explore and it's so regional like everything is dif

of the south korean tech giant's workforce. this strike is set to begin on the 8th ofjuly. the union says more details can be expected on tuesday. are companies in south—east asiaen it comes to mental health and stress? according to a new report by seek, which runs employment platforms, the answer is no. although firms are offering mental health initiatives and flexible working hours, the report says employers can do more. singapore was singled out as the country with the highest levels of workplace stress among workers surveyed. joining us now is simran kaur 7 the regional director of seek. thanks forjoining us today. the report mentions singapore workers as being the most stressed. with the main reason for that was thanks for having me, steve. for that was thanks for having me. steve-— for that was thanks for having me, steve. ., _, , ., me, steve. parent company of... 2007000 — me, steve. parent company of... 2007000 organisations - me, steve. parent company of... 2007000 organisations to - 2007000 organisations to highlight the best practices across the region. you rightly pointed out 15% of organisations have categorised as high stress, most correspondence

the south, there, closer to the south, the arabian peninsula is located in southwestern asia and belongs to eurasia. attention to the screen, in the east it is washed by waters, diego maradonna, ofinean, that’s it, there’s no other way, pi was brazilian, julia, i answered. no, i remember that we went through a rule, i don’t remember what it’s called, but it was responsible for how to translate words ending in ar, al, and so on, and what this rule says if it’s a name, for example, jupiter, we write e, but in this case it is not a nazvatar, the letter is at the end, the correct answer to our question: is it true that the place is on the dividing strip ? no, yulia, you are absolutely right, the tenth question: or the roadway in the area of ​​the pedestrian crossing, where pedestrians can wait opportunity to cross the road, called a traffic island, time, in the middle of the road, a pedestrian is allowed on it. wait for the next traffic light to complete the movement. victor, okay, another situation, the situation with an asterisk, this is the olympic version, we don’t have a safety island, well , there’s no such zone where you can, well , then the pedestrian is allowed to finish mo

south korea's main gateway in china . international airport though, including a flagship carrier creat airlines, an option of air. no elsewhere in asia, south east asian, low cost carrier air asia on their social media posted that their core reservation and checking systems were impacted. and they are asking for patients from travelers who are experiencing stalled services, many automated check encounters that singapore as chinese airport. also reportedly down with similar pictures coming out of airports in, moved by and new delhi and users of microsoft windows in japan are reporting sudden blue screens popping up with error messages. some instances of this computer shutting down entirely and not being able to re boot you to skim. alda 0, so them $23.00 level group is gaining ground, an eastern democratic republic of congo, leaving some residents favoring that own town will be next to be taken over. that's the problem today. mess recruitment drive and denny encouraging young people to join a self defense militia. and why connie has more from the as well. yeah. it just started . yeah, i'm in the all 4 of many of them live down here. i was your a

south east asia. ross has taught the right side, your level has met with his count divided from china and south asian countries of the us in for mass as conference in the house. the sorry, and i wrote how the tools with his counsel part for miles and with colleen some of the cm countries, his agenda lives around at all. why a macy with china is pardon me, is where the depth of us emphasized the need to counter outside interference in south east and asian affairs. ross has taught. they provide also loved the organize ations role in developing a more multiple real world. now i see i'm a do was was an issue i see on is one of the most important elements of the emerging more just a multi polar world. the association was and still is the core of regional efforts aimed to ensure stable and secure non align developments of asian pacific because russia and china is large scale potential, as well as moscow invasions participation in bricks. and the seo can influence positively. both i see on and cooperation with its members in order to settle global and regional issues within the scope of the un charter principles in thei

south, there, closer to the south. the arabian peninsula is located in southwestern asia and belongs to eurasia. attention to the screen. in the east it is washed by the waters of the persian gulf of oman, in the southf adyn, in the west by the red sea. correct answer: yes. attention, question eight. is it true? diego maradonna was brazilian, time, diego maradonna, of course well, argentinean, that’s it, there’s no other option, pile was a brazilian, another great football player, julia, what do you think, i answered, no, do you think that no, no, brazilian, who could he be, where could he come from? , maybe from india. from india, moradonno, i would hardly be happy, matvey, this is the first time i’ve heard of such a person, but intuitively i answered no, it seems to me that he’s mexican, mexican, how interesting, okay, dasha, what do you think, this is my first time too i hear this, i answered, no, it seems to me that he is italian, well done, dasha, keep it up, but maradona not italian, andrey, but you know, i know, it’s very famous. football player and he is from argentina, he played for the national team, became a multiple world champion, he played for the argentine national team, here he is on

south, there, closer to the south. the arabian peninsula is located in southwestern asia and belongs to eurasia. attention to the screen. in the east it is washed by the waters of the persian gulf of oman, in the southen. in the west by the red sea. correct answer. yes. attention, question eight. is it true that diego maradona was brazilian? time! diego maradona, of course, is argentinean, that's all, there is no other option. another great one. i’m brazilian, who could he be, where could he be from ? answered, no, do you think that no, not to be from india, maybe from india, maraudonna, i’m unlikely to be happy, matvey, this is the first time i’ve heard of such a person, but intuitively answered, no, it seems to me that he is mexican, mexican, how interesting, okay, dasha, what do you think, this is the first time for me too. if it is a name, for example, jupiter, we write e, but in this case it is not a name, so i think that it should be written through a, so the answer is no. so then i'll ask pronounce you as it should really be, computer, computer, letter a at the end. the correct answer to our question is no, yulia, you are absolutely right, the tenth question: is it true that the place is on t

of the south wind. but it is looking laundry dry in christ church on sunday, not the case on monday you can see those shawn was that there was an there's a south east asia or heavy rain that continues to plague and move and areas of the, the region we are seeing some heavy rain thanks to a tropical system, pulling its high 9 island. and then we will heavy rain coming in because northern parts of the philippines, thanks to a developing tropical storm, moving its way north of the s piracy the past to host the olympic games. french athletes where the head just will not be allowed to compete. alongside players, coaches and team leaders and athletes challenges the by creating a space for all to embrace the game they love, regardless of what they wear on their head. paris, the game changes with this document. part of the just the project is done. nestled in the heart of asia is in the end of striking contrast and rich history. this mountainous nation featured some of the white piece in this as a pos that stretches back to the nearly sick and bras ages. it's mountains and valleys have witnessed the rise and full of civilizations and pleasant tennessee, the fro

of the south on it. but it is looking laundry dry in christ church on sunday, not the case on monday you can see those shawn was that there was an there's the south east asia or heavy rain that continues to plague and move and areas of the, the region we are seeing some heavy rains thanks to a tropical system, putting into high nan island. and then we will heavy rain coming in because northern parts of the philippines, thanks to a developing tropical storm moving its way north. the, the, the latest news as it breaks. they are not afraid they are going to stay here with detailed coverage the last few weeks of seem to apply to lose the presidential debates. donald trump secured a number of important victories can survive and assess the nation attached from around the world. irregular migration from west africa into europe rose by 174 percent in the 1st couple of 2024 the the . ringback the, the, [000:00:00;00] the book about the watching you, i'll just, there was beside with me. so, rodney, the reminder of all top new stories for public and presidential candidate donald trump is addressing his 1st campaign rallies inside the attempted assassination in pennsy

south america, africa, asia? >> absolutely. incredible talent coming out of africa, asia, south america. absolutely. >> thank you so much for coming. keep our eyes on all this. >> all right. thank you. >>> it is 8:00 a.m. on the east coast. 2:00 p.m. here in paris and you are watching "squawk box" on cnbc. live from the 2024 olympic games. i'm becky quick along with joe kernen and andrew ross sorkin. what's making headlines. ed fedthe fed kicking off a twoy meeting and could figary cut in september. it's also jobs week. the employment report on friday. apple's new artificial intelligence futures arriving later than expected missing the launch of the ios software in september. bloomberg reporting the delay will give apple more times to fix bugs. and disney t"deadpool & wolverine," the highest u.s. debut of the year and biggest-ever opening weekend for an r-rated film. >>> take a look at the futures quickly after a gang buster performance by the dow on friday. another 154 points so far in the pre-market session for the dow and treasuries this morning below 420 on the ten year. got the fed meeting and the jobs report on friday. get to dom chu with a look at this morning's pre-market movers. how's the weather back there, dom? >> actually not bad. a little hot and sticky here but going to get things to cool off later in the week. rain. kick things off this monday morning. shares of mcdonald's up one half of 1% despite a miss on top and bottom lines. sales growth as existing locations fell first time since the fourth quarter of 2020. you recall that last week the company said it's going to extend its $5 value meal in most locations as it tries to lure back some of the consumers that have pulled back on their dining spending. macdonald's did see continued growth in digital channels and delivery orders, leaning more towards sales for loyalty members. up 1 half of 1%. crowdstrike up by 1% around 35,000 shares volume. cybersecurity company said friday more than 97% of sensors are operational again after the faulty update that crippled around the globe. fortune 500 companies including microsoft loss over $5 billion. crowdstrike shares tumbled by about 25% since the incident. lastly shares of tess wil up about 2% around 700,000 shares of volume. morgan stanley's naming the electric vehicle giant top pick in u.s. autos saying cost cutting and restructuring stemmed the down-side risks to that electric vehicle business and saying they expect tesla to manage around its exposure to china and they may be cornering the market ob zero emission credits. tesla shares for more and other top calls of the day head to cnbc.com/pro. subscribers get more detail and analysis of the big calls and stories. becky, send things back to you and the sirens out in paris. >> dom i don't know if you've noticed. joe and andrew looking really dapper here in their finest for us and you have to say you are, too, dom. looks maybe have ralph lauren going on, too? >> very jealous of the summer gray going on there. i have to see if i can pull off some of the looks here. just wearing the standard navy blue suit here. >> with the pocket square. we like it. >> thank you. >>> when we come back, on the global economy, christine lagarde. >> taylor swift, reconsider whether they could cut rates because it's a little higher. >> economies like to have one hand on the other hand. >> more of our conversation when xwb "squawk box" comes right back. (reporters) over here. kev! kev! (reporter 1) any response to the trade rumors, we keep hearing about? (kev) we talkin' about moving? not the trade, not the trade, we talking about movin'. no thank you. (reporter 2) you could use opendoor. sell your house directly to them, it's easy. 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>> it's highly debated amongst economists as all topics because economists like to have one hand on the other hand, but it brings additions to the economic relationships through various channels. one, look around at paris. for the last three or four years there have been enormous construction sites, work, infrastructure developed, transportation extended. that is going to bring about some additional -- it has brought about some additional activity and it is going to be conducive to more activity, better housing and development. that's one. the second one is, if you look around there is a lot of c consumption at the moment, buying, exporting and a lot of people coming to visit. again, another channel. i think the third one is confidence. we complain a lot about uncertainty and there is plenty of that around, but confident is something that is critical to relationships, to economic developments, and typically large sport events bring about that added confidence that we so much need at the moment. how much exactly? it's hard to say. hard to say. >> yes. >> it spreads over time as well. infrastructure quickly bringing something around 0.4% additional gdp over a period of time. you take it. in 2024, in the next few months, probably an additional 0.1. it's anywhere between 0.1 and 0.3, reseduce in the fourth quarter. we'll see. add-on for sure. >> a challenge to figure out what the metric is and how much it changes things, i suppose? >> it's very difficult to measure. if i take the example of france, look at services. the service pmi has gone up first time last month. nornt whether or not related to the olympics, don't know. first time. might be related. can only level that with exports. let's see. >> next week the federal reserve meeting and markets are watching closely. what are you thinking? you're watching closely, too, i take it? >> we're watching closely, too, yes. >> i guess i wonder, where are you headed today? what are you going to be watching? tonight? >> tonight. together with my husband we will be watching the swimming event. not synchronized or artistic swimming but plain swimming, and i'm very much looking forward to that. i hope we will hear the national anthem played tonight but we'll see. >> and you will come back for synchronized swimming, artistic swimming as well? >> yes. coming back on the 6th of august and adamant i will watch the team final event, which should be spectacular and i don't want to bet on who is going to win but i know it will be beautiful. >> i take it you follow the sport very closely, though? >> i try to. i follow finance and financial news and macro economy numbers and markets a bit closer but i try to stay in touch with sports. >> you still swim? >> yeah. much as i can and whenever i can. it used to be much easier in washington, d.c. it's more complicated in frankford. in d.c. i used to swim every day, every morning from april to october. >> why was it easier there? >> because there was a small swimming pool on the top. i would get up 5:30, 6:00. no one on top of my building. i would go back and forth, back and forth. very good at turns, it was a small pool but enjoyed it tremendously. >> she did not want to flat-run the federal reserve in the meeting this week or comment on where she thinks things are headed but so much riding on this. europe had much higher inflation than we did in the united states. first time ever ecb consult from the federal reserve. the really question is what happens if the american bank of the -- if the federal reserve doesn't cut j? what evan watching and waiting. expectation, dovish speak in jay powell pave the way to cut rates in september the next time they meet and there's an awful lot riding on that. she did not want to shake things up ahead of that meeting. >> talk to an international economist about all of those things and vietnam, believe it or not. going to be recognized as a free market economy. a big deal. all of this what do with global currencies, innterplay between everything. it's important. it's windy. >> we're outside. it's beautiful! >> it is beautiful. >>> when we come back a lot more live here from paris. investors including a fed decision and the monthly jobs report. the chief economic at allianz will join us here in paris to set that stage next and later, alibaba president michael evans. why his company has become a big olympic sponsor. stay tuned. you're watching "squawk box" and this is cnbc live at the olympic me . ted by state street global advisors. today's challenge is to play 9 holes without the middle of your bag. how does that sound? that sounds terrible. ♪♪ ♪♪ ♪♪ ♪♪ >>> -- but i am still quite optimistic. >> talking about the new nba deal. >> growth of the deal globally is fantastic. >> paramount. five years s years from now a genius? >> if the company is breathing, it's a great opportunity. >> overall economic impact of guests coming to paris on airbnb it's about $1 billion. >>> welcome back to "squawk box," everybody. look at the futures this morning. you see some significant up arrows especially for the dow indicated up 150 points even after the games it saw friday. s&p futures up by almost 25. nasdaq up by 130. also watching oil prices. last i looked higher as well. actually down by about 45 cents $76.80 a barrel. >> changes to american policy effectively on the ballot this november. joining us to talk about what could be ahead as well at expectations for federal reserve rate cuts, ludovic subran, allianz executive and do it in september, not this week? >> i think this week a bit too early. september definitely and nyc after the election tricky. another cut in december. basis points of cuts this year. >> where we are. not really a pause in november. it's just a -- >> yeah. kind of a pause. i think the bigger question for everybody is 2025. if trump is re-elected, a form of inflation. deporting 14 million people, tariffs going back to the '70s. now talking about reinstalling -- the fed won't be able to cut in '25. watching the race now. >> his policies that much different this time than last time? >> i think it's very close to what he did last time. >> last time didn't have 9% inflation. >> didn't have supply side shocks like today. every time there's a boat stuck somewhere you don't get what you want. >> you don't tie any of it to the over doing the stimulus? >> i think so, in the u.s., yes. maybe less in europe. there is maybe a third of inflation linked to overreaction. from the financial crisis. this time around strong on tax cuts. maybe another home administration act and going to be on front stage. bigger issues supply side issues. jobs, trade. discredit on the fed. this is what it's about for investors. >> credibility of the fed on the line? >> of course. judo vance questioning the status of the dollar. that's a bold statement, i would say, yeah? >> i don't know. vice-presidents say a lot of things. >> i know. >> i don't know whether that -- >> it's the campaign. >> in your view shared with folks in france and europe? you're looking at -- sort of outside-in or maybe inside-out. curious your view, conventional wisdom or is -- >> look, for everybody outside of the u.s. president trump positive for the u.s. midterm negative for the u.s. a boom bust. negative day one. for europe. solving the war in ukraine in 24 hours. outside of u.s. people are concerned about relationship with president trump. america first means other comes second. that does mean quite dislocations for markets and so far for us in europe. >> so there's going to be, regardless, currently fluctuations or something we have to deal with? >> the dollar very strong. growth differential and interest rate differ raential, current especially. could be a reason for weaker dollar going forward. >> how about you, decided vietnam something we need to talk about. this is a sea hange. >> this is interesting. vietnam a country really is, taken hostage of the rivalry in the southa no matter what and now some form of independence. worried about trade war. worried about financial flows at risk in the region. that's good news, yeah. >> we keep reporting about weakness in different areas of china. i mean, southeast asia not so much, but china, luxury goods. another story this morning about something totally different. >> look, take take years for china to recover from a real estate country like any country. japan, spain. very depressed consumer. high level. take more than a stimulus to create confidence and forward visibility for chinese investors and consumers. >> right. we in the united states, we kind of look over here and wonder about your politics as well. i know you kind of, judging ours. >> we won't talk about macron. >> i think we need to -- what's going to finally happen there? and they're throwing out incumbents wherever they are at this point. why? immigration over here's not -- the favorite topic. >> for sure. very polarized society here too. macron's