with that, i'm ready to take questions. >> steve sedgwick.nbc security guarantees did not stop vladimir putin in 2014 the budapest memo was worthless piece of paper to him. the second point on the issue, ukraine has fears that security guarantees will change over time with different leaderships what guarantees are there that security guarantees will outlast any changes of president in the united states? thank you, sir >> we all agree the most imminent task now that ukraine prevails the most important thing is to continue to provide weapons and ammunition and military support to ukraine unless ukraine prevails as a nation and democratic nation in europe, there is no issue to be discussed about security guarantees or membership in nato at all then on the membership issue, we will send a clear messages and positive message on the path forward. the text in the communication will be made public within hours later on today when all wallies agree on the text. i expect allies will agree with the message which is clear on the need to move ukraine clos

presiden biden set for two days of talks in lithuania and in addition of the new member state steve sedgwicks live on the ground where french president emmanuel macron is speaking to reporters. steve. >> reporter: absolutely, frank you caught me at an amazing moment the western world leaders coming through. i caught words with the prime minister of norway and estonia and belgium and lithuania. then as well as the secretary-general of nato talking about the security guarantees ukraine will get on the back of the meeting. great cooperation with ukraine and nato to work forward on a armament macron taking questions in french the gentleman crossing behind me is the latvian prime minister. interesting hearing from the latvians and lithuanians they are the baltic nations which are concerned about what is going on with russia. where i'm standing frank, i'm 30 kilometers from belarus. we heard one say let's not pretend that belarus is independent. belarus is a close ally to the russians they have tactical nuclear weapons on the shores. they have wagner fighters there. they have all kinds of concerns

you >>> coming up on "worldwide exchange," we are live in lithuania ahead of the nato summit steve sedgwickding by with the report and agenda ahead for president biden and other world leaders. more "worldwide exchange" after the break. st wh ayitus (♪) feel the power of osteo bi-flex®. taken every day, it's clinically shown to improve joint comfort in 7 days, with significant improvement over time. (♪) your brain is an amazing thing. but as you get older, it naturally begins to change, causing a lack of sharpness, or even trouble with recall. thankfully, the breakthrough in prevagen helps your brain and actually improves memory. the secret is an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. at stores everywhere without a prescription. >>> well come back to "worldwid exchange." later this week, president biden will join other heads of state in the summit in lithuania russia and ukraine are top of mind our steve sedgwick is live on the ground steve. >> reporter: good morning, frank. very important meeting

i'm arabile gumede in london we have steve sedgwick u.s.reasury secretary janet yellen wraps up ten hours of meetings with beijing officials with restrictions overshadows the easing of the tensions >> we are taking targeted issues it would be impossible to undertake. >>> u.s. president joe biden says ukraine is not ready for nato membership as he stops off in uk as he visits the summit. this comes as kyiv marks 500 days since the russian invasion. >>> european equities open the week on the flat note. investors digesting the jobs data and looking ahead to this week's u.s. inflation print. bayern shares with the report it could spin off the crop unit. >>> ecb council member pushes back against the central bank raise on the 2% target and he tells cnbc there is more to do still. >> if i look at where we are with inflation now against last year, the situation is improving. however, i do not believe that our journey is yet complete. >>> it's a warm welcome to you let's kickoff with china and u.s. treasury secretary janet yellen struck a pragmatic

i'm arabile gumede steve sedgwick is at the nato summit these are your headlines the boe says they have enough capital and liquidity to cope with the high interest rates we'll hear from andrew bailey. that's happening imminently. >> on arievt at the summit, day two, president zelenskyy strikes out a more slightly pragmatic tone, this after the group's hesitation to immediately invite kyiv to the alliance. >> we want to be on the same page with everybody, all the understanding. today what we here, we understand we'll have this invitation when security measures will allow. >>> it's game on for microsoft's $69 billion takeover of activision after a federal judge rejects u.s. regulator requests to block the deal. >>> and european equities maintain momentum while stateside the s&p 500 and nasdaq sit at less than 1% off 52-week highs as invoters await the june cpi print. await the june cpi print. await the june cpi print. >>> the bank has been awaiting for the treft. governor andrew bailey is speaking now let's cross over to him. >> let me start on key developments so far this year. we've had

se steve sedgwick asked about the issue from lithuania yesterday let's listen in. >> reporter: president zelenskyy, security guarantees have been in place for the last 20 years they did not prevent 2014 in crimea or 2022 what is it about security guarantees that will make a difference this time, sir, for yourself and your country, but to vladimir putin who looked to previous security guarantees and he ignored them and invaded anyway >> translator: i can tell you one thing, i don't believe this was a security guarantee i don't understand the responsibility memo. there were no specifics but ukraine was left with the document and left alone with it. as for the new document, it should remain valid. we understand the best guarantees to ukraine and ukrainians is to be in nato. this is clear because there are already examples i would like to underline once again again, we don't see member nation dying and defending their own country. that's why we understand the best guarantee for ukraine is to be in nato on the way to nato membership, we like the security guarantees and make them permanent to

our steve sedgwick is on the ground and joining us with the latest action and doing some great reportingut there. what's the latest today? >> thanks, rank. yeah, i think we've spoken to 14, 15 leaders including the european leaders and boss f. yes, there is a place for ukraine in nato, in eu, but just not yesterday. we heard from volodymyr zelenskyy on his arrival here today. this is what he had to say >> on our agenda, we have questions. we have weapons packages, new weapon pack ands. >> on his agenda, they've got two things on the agenda one is for volodymyr zelenskyy to get membership of nato or strong indications of. we talked a lot about that the second is to get arm meant to the battlefield i spoke to his defense minister yesterday and i said, look, aren't all these webs, promises from the u.s., germany and-to-the battlefield and he said, yes, they are getting to the battlefield. they set all coalition of 11 countries who are going to give f-16 training to the ukrainian pilots france is offering long-range missiles and germany, a 700 million euros which is pivotal and 25 leopard ta

. >> steve sedgwick, cnbc. security guarantees didn't stop vladimir putin in 2014. what is concrete about the future security guarantees for ukraine that will make a difference, and second point if i may on the same issue, ukraine has fears that perhaps security guarantees will change over time with different leadership, perhaps different presidency in the u.s. what kind of guarantees are there that security guarantees will outlast any change of presidency in the united states? thank you, sir. >> we all agree the most intimate task now is to ensure that ukraine prevails as a sovereign independent nation in europe. so most important thing we can do is continue to provide weapons, ammunition to support ukraine. unless ukraine prevails as a democratic nation in europe, there is no issue to be discussed about security guarantees or membership in nato at all. and then on the membership issue, we will send the clear message, a positive message, on the path forward. the text in the communique will be made public within hours later on today when all allies agree on the text

. >> secretary general steve sedgwick, cnbc . sedgwick, cnbc. >> general nato jens stoltenberg.al reporter on this one and the aim and you wonder these levees are set 2% of gross national product is supposed to be contributed towards a nato force amongst member countries where paying it, but not everybody else is . everybody else is. >> no, and this is something that donald trump used to talk about very loudly. only seven of 30 nato members are the us. us greece, poland, the baltic states. but to give you an example, germany is only paying 1.5. italy is only paying 1.5. so the thinking is now to make this bind thing that this is not optional . and countries like optional. and countries like germany that really haven't spent much on their defence of have upped their spending in the last year or so since the ukraine war would be a wake up call. >> and all of this presumably? >> and all of this presumably? >> absolutely. because i mean, it's not long, is it, since emmanuel macron said that nato was brain dead. that was like 2019. now we have really see 2019. and now we have really