steve sedgwick on what to watch for today. >>> delayed again. wnba superstar brittney griner's russian detention has extended into july little hope on a swift return home. >>> meet the hero cop who stopped a drunk driver from barrelling into a bridge full of runners. "early today" starts right now. >>> good wednesday morning i'm phillip mena. >> i'm frances rivera. east of los angeles a long procession of police cars lining city roadways in a show of respect for two police officers shot and killed in the line of duty earlier the mayor of elmont praised the officers whose names have not yet been released to the public. >> they were acting as a first line of defense for our community members when they were essentially ambushed while trying to keep someone safe. these two officers were like family in our community with deep ties to our neighborhood. >>> they were responding to a domestic call in a hotel room. the suspect was also killed. >>> extreme weather towns grip the country from coast to coast. wildfires, historic flooding and a massive heat

steve sedgwick, it was the g4.5 when you started covering these. k you, steve steve sedgwick pretty muc pretty much nothing getting down at g7. >>> will he or won't he? crypto sam bankman-freed will he or won't he? we'll cuexse when "worldwide exchange" returns after this [zoom call] ...pivot... work bye. vacation hi! book with priceline. 'cause when you save more, you can “no way!” more. no wayyyy. no waaayyy! no way! [phone ringing] hm. no way! no way! priceline. every trip is a big deal. >>> welcome back let's get a check of the key headlines outside of money and business including the scene outside san antonio, texas frances rivera is in new york with that. >> good morning, brian 46 people all suspected migrants found dead in the back of the tractor-trailer in san antonio according to authorities, the discovery made in the outskirts of the city when the firefighter nearby heard a cry for help. in 100 degree temperatures, he opened the trailer and found people in agony from heat exhaustion >>> in a surprising turn of events, the january 6th house

steve sedgwick will weigh in as we kick off this wednesday, june 8. 2022 >>> i'm cori coffin. >> and i'm phillip mena. today is set to bring another intense round of gun debate on capitol hill lawmakers were shown this display. last year there were 40,000 flowers to represent the number of victims >>> actor matthew mcconaughey spoke out for the victims of his hometown of uvalde, pleading in the white house press briefing room for compromise on gun laws. this is shaping up to be another emotional day at the capitol >> reporter: that's right, good morning, phillip this morning lawmakers are expected to hear first hand about the impacts of gun violence the house oversight committee is set to hear testimony from the mother of a buffalo shooting victim as well as a pediatrician from uvalde, and from parent whose lost their children. now in addition, a fourth grade uvalde student is expected to describe covering herself in blood in order to play dead during that massacre during his powerful remarks, actor matthew mcconaughey shared the stories of many of the victims. he even brought with h

steve sedgwick, picking out the most expensive gas station in america.gwick, thank you very much take care. >>> still to come on tuesday, a winning bid for kohl's shares of that retailers popping ahead of the open. that story when "worldwide exchange" returns. think he's posting about all that ancient roman coinage? >>> after a new york times report reveals interviews offered. in real time and that's... how you collect coins. your money never stops working for you with merrill, a bank of america company. (woman vo) sailing a great river past extraordinary landscapes into the heart of iconic cities is a journey for the curious traveler, one that many have yet to discover. exploring with viking brings you closer to the world, to the history, the culture, the flavors, a serene river voyage on an elegant viking longship. learn more at viking.com >>> welcome back time for the big money movers on tuesday morning. stock one is peloton the company hiring liz cottington to be the next cfo. she worked for amazon and netflix. the current cfo is leaving after four y

joining us from germany is cnbc's steve sedgwick, good morning, steve >> reporter: very good morning,frances an absolutely stunning session, in the bavarian alps in the moment so far, on day two of the g7 meeting, we've had a lot of talk, but is there going to be action following that talk because the big headlines so far is actually what we're going to see is a price cap on russian oil. now that whatwill mean for global markets what it will mean for our viewers in terms of what they're paying at the pitches for gasoline remains to be seen. the g7, the most powerful in the west including japan, the eu and of course the united states can they sell this to the restof the world and other big buyers of russian oil, including the likes of the indians that's a very big ask. what kind of price cap and how will that work lots of headlines. also question on the ban of russian gold haven't got the g7 sign-on with that yet but the uk and u.s. and japan, saying yes. from now the newly minted fine gold will be banned. that will close the loopholes where russian oligarchs get their money out of the

we'll check in with cnbc's steve sedgwick for a read on the week ahead. >>> honoring retiring teachers with students from across the years. let's get your week started off right. "early today" starts right now >>> good morning i'm phillip mena >> glad you're with us i'm frances rivera extreme heat is fueling a fire emergency in the southwest the pipeline fire has forced evacuations north of flagstaff, arizona, after burning about 5,000 acres in 24 hours. one man has been arrested for violating a burn ban while that fire is investigated this comes as arizona sees record high temperatures, like 114 degrees in phoenix now, the extreme heat will move in the hundreds more cities this week let's turn to nbc meteorologist michelle grossman who is tracking that heat wave. hi, michelle good morning >> good morning to you both. we're looking at record setting heat we're looking at dangerous heat and historical heat over the next few days. temperatures feeling like 115 in a lot of spots we do have heat alerts stretching from the southwest to the upper midwest, to the great lakes. a big part of th

let's go to london and steve sedgwick tell us more steve, good morning. >> reporter: good morning, philliphey are not good happy monday stories, are they? first of all, ted pick who is the co-president over at morgan stanley says there's going to be a paradigm shift in markets and that's what investors can expect we have had years of financial repression, a transition period, concern about what's going on with inflation and the intersection of the pandemic says we're having a paradigm shift at the end of 15 years of financial repression jamie dimon from jpmorgan has saying a hurricane is out there as well. hold tight, everybod y. in terms of energy prices, oil prices going up, that means for some people in california mendocino $9.60 a gallon, absolutely huge. the california average is $6.25, national amount $4.81. double over what it was a year ago. hold tight, sneerv as if we haven't been already. >> i can't believe how much longer it's going to go. thank you. >>> up next, michelle has your weather for the week ahead. >> and ahead, the emotional show of support just when they're needed th

where president biden has been meeting with his european counter parts over the past few days steve sedgwickhe site of the g-7. good morning, steve. >> reporter: yeah, absolutely, phillip. fascinating meeting in many ways, dominated as we said yesterday by events in ukraine the bombing of a shopping mall in ukraine has got the following reaction from the d-7 leaders. they called it abominable and indiscriminate attack on civilians and adding that they would continue providing support to ukraine for as long as it takes. now from garmisch they are talking about a new oil price cap. also the cost of living in the u.s. and the ramifications according to the lending club report, 58% of americans now are living paycheck to paycheck. of course we have this inflation spike. what is fascinating as well, americans on $250,000 or more, 30% of those on $250,000 or more are also living paycheck to paycheck now inflation is a 40-year high, bigger credit cart balances, more reliance on credit cards. the balance on credit cards $848 billion on credit cards. >>> ahead, a popular tiktok mother's emotional ple

we'll check in with cnbc's steve sedgwick for a read on the wee

i'm julianna tatelbaum with steve sedgwick at the summit in germany. these are the headlines. >> g7 leaders working for a price cap on russian oil and import ban on russian gold >>> our nations are standing at an inflection point in history the choices we make now are setting a direction for the world for several generations to come. >>> russia nears default on the debt for the first time in nearly a century >>> the stoxx 600 hits a two-week high as mining and auto stocks jump. the rally is set to continue on wall street. >>> and the large energy firms in france are urging to conserve after tensions for next winter unless reserves are replenished. very good morning. welcome to "street signs." steve is on the ground covering the g7 summit. i'll get you to him in a moment. these are the headlines just in. g7 will commit to timely from vision of equipment and advanced weapon systems to ukraine. this is according to the white house fact sheet g7 to issue steps on tuesday to raise pressure on russia to set global price cap for russian oil. the goal to starv