the u.s. and the eu digitally enabled services including the transfer of personal data by more than half of the international trade and services. the u.s. and eu are each other's leading partners and trade and digitally enabled services. s two former business which of e other they do with others including china for example. this makes the rules surrounding international transfer personal data an important element in a stable and growing global economy the last few years however they get transfers from europe to the united states have been under legal threats. the hallmark in the privacy lot the general data protection regulation or gdp are, requires recipients of the data from eu residents to protect the data by taking certain b measures. even if the data is transferred outside of europe to the united states, india or somewhere else. concerns have been expressed data transferred to the u.s. might be caught up in a surveillance for national security agencies. and twice the european court of just

the u.s. in the eu digital enabled services including the transfer of personal data on more than half of their international trade in services. the u.s. and the eu are each other leading partners in trade and digitally enabled services doing far more business with each other than they do with others including china for example. this makes the rules surrounding the international transfer of personal data an important element in a stable and growing global economy. for the last two years, however, data transfers from europe to the united states have been underit legal threat. the hallmark european privacy law, the general data protection regulations, or gdpr, requires recipients with the date of eu residents to protect updated by taking certain measures even if the data is transferred outside of europe to the united states,, india or somewhere else. concerns about expressed that david transferred to the u.s. might be caught up in bulk surveillance by our national security agencies. and twice the

the world cup. in washington, u.s. th korea is not responding to the attempts to release a soldier who crossed over the border. 23-year-old private travis king crossed the demilitarized zone dividing north and south korea. the pentagon says -- to be absent without leave. after he crossed the border. the white house says it is working to get him back. they have not received information about his whereabouts. the crisis comes at a time of high attention over north korea's testing of increasingly powerful missiles, capable of carrying nuclear warheads. >> a u.s. soldier has been detained in north korea after intentionally crossing the border from south korea on a tour of the demilitarized zone. the u.s. and north korea must navigate choppy diplomatic borders. history has a few borders -- this is unlikely to happen quickly. in the past when americans have been held by the north, it has taken months of back channel negotiations to get them out. recent examples include journalists who entered the country over a frozen river a

any community in the u.s. that is faith-based and as multiracial dynamics at play, it means the attention of navigating its own issues. the u.s. creates race and racism issues. this is not something to be blamed for , but every faith group in the u.s. is multiracial and every faith group that is multiracial is affected by in informed by racism. >> thank you. we will continue this conversation in a moment on "mosaic". >>> welcome back to "mosaic". i am honored to be your host we are in the middle of a wonderful conversation. and welcome back. i wonder if we can talk a little bit about on a more personal level, what is the spiritual jewish drive for us commonly, to make jews of colors and really all of us spiritually nourished in our own jewish communities among ourselves ? >> what a beautiful question. maybe i will respond with a brief, personal story. being in the jewish community and being involved in our jewish spiritual life gives us tools to navigate life. for jews of colors it is so important that we don't

amy: as the u.s. sends a nuclear-armed submarine to south korea for the first time since the 1980s, peace activists are gathering in washington, d.c. to call on president biden and congress to officially end the korean war. we will speak to christine ahn of women cross dmz and historian bruce cumings. then to the assassination of malcolm x. an eyewitness to malcolm's shooting reveals for the first time that he overheard a new york police officer ask about malcolm's assassin, "is he with us?" mustafa hassan was never called to testify about what he saw and heard on february 21, 1965. we will talk about why he was never called to testify. >> my testimony would have changed the outcome of the trial . it would have pointed the finger of guilt at the establishment. amy: we will speak to civil rights attorney who is representing malcolm x's family who are planning to file a $100 million wrongful death lawsuit against the fbi, the cia, new york city and state, the nypd and the district attorney's office for c

as the u.s. starts to add trade with additional regions in the world to go back to this conversation. >> some interesting options there. i wanted turn to get reactions. the need to keep talking as we go forward. if there is a legal challenge it will take some time to play out. and thinking about these multilateral initiatives and how compatible they may or may not be. one thing that those of us who have tracked this of learned is the eu system uses gdpr, it's a designation by the eu, it's not a negotiation. how do you see that intersecting with these multilateral initiatives? are they something that could be compatible with gdpr, is there a way to build a compatible governance system? what are your reaction on the bilateral issues and that we will talk about that more. >> the consolation is, we have no borders it's an important part of our economy. it contains important information about people. that is where we speak about customer data, who people are, what they think. other important things, an

if i heard that the u.s. qualing china investment, spending more percent to 2% of the overall budget, i would s that that is too low because of the importance that ai is going to have in our world and warfare as well in the future. i think that the fact that we are not even at that level, that china is so far ahead of us is a real problem and something need to change. >> telus about some of the uses and warfare that worry you the most. >> we have heard of some doomsday scenarios where a computer can take over and can literally start doing things we do not want it to do. that is not out of the realm of possibility, but in the short term, imagine weapons systems used by our adversaries do not have the guardrails that we put in place and we go to war, limiting collateral damage and civilian casualties. look at the way putin has waged war in ukraine. he does not care about collateral damage and civilian casualties. he is indiscriminately bombing shelters in neighborhoods. if you were given ai enabled weapons, he w

>> the u.s. has been stepping up pressure on beijing as part of its stance of prioritizing over china. that leads to the production of semiconductors. however, trade between the u.s. and china hit a record high last year. the u.s. does not want the overall economy relation to retaliate. it's clear that secretary yellen is trying to communicate with her chinese counterpart to avoid an extreme escalation of the conflict. >> okay, and what is the situation in china? >> china's economy. the real estate industry continues to stagnate. foreign companies continue to pull out of china due to supply chain concerns and other factors. against this backdrop yell yellen herself said the u.s. was considering an executive order. it was said china has a request that this indicates china is in a difficult situation and is trying to get a softer response from the u.s. on the economic front. >> so how do you think the meeting will go? >> the u.s. side has a number of issues it wants to bring up. china's revised anti

the u.s. and china's climate envoys meet in beijing. but political disputes have stopped talks between the world's top two polluters. so can they find common ground, and will developed nations help more vulnerable ones adapt to climate change? this is "inside story." ♪ hello. welcome to the program. i am adrian finighan. the u.s. and china have restarted stalled talks on climate change just as some of the world swelters in record-breaking heat as others suffer catastrophic flooding. the need for urgent action is long known, but what isn't is who will take responsibility for the damage and healing the environment. developing nations says the developed world has had free reign to use fossil fuels and pollute for much of the time since the industrial revolution. poorer nations saying they are being asked to pay for the impact when richer countries are more to blame. we will be discussing these arguments and more in just a few minutes with our guests. but first, this report from beijing on the u.s.

he you won't hear china say we will go along the u.s. es the same they will continue to spar i think the subtext is each side is looking for a way to get a baseline of collaboration to help both economies. >> secretary yellen speaking with the decoupling would be dangerous. the words de-risking did not come out of that conversation. do you think they are trying to find a fine balance into the middle it is, as she said, finding the different options of diversifying >> exactly for the u.s. side which i'm more an expert, the balance is in the regulation they want to control the things that put u.s. national security at risk. they want high walls around a small garden they want to allow the movement of goods and technology that create a more vibrant economy in both countries >> you see the visibility and communication. this was the point it was meant to open all of that up even corporations. do you think the tepnsioned eased? not sure -- tensions eased not sure if it will help >> a lot of the tension is played -- semiconductors you heard prog

while the u.s. 0 years fighting land wars in iraq and afghanistan, the pentagon watched china, its greatest geo-political rival of the 21st century, build the largest navy in the world. china has threatened to use that navy to invade taiwan, an important american ally. as tensions with china continue to rise, we wanted to know more about the current state of the u.s. navy, how it's trying to deter china and, as we first reported in march, preparing for the possibility of war. >> the navy's always on alert. one-third of the navy is always deployed and operating at all times. the navy's mustering right now about 300 ships, and there are about 100 ships at sea right now all around the globe. >> admiral samuel paparo commands the u.s. pacific fleet, whose 200 ships and 150,000 sailors and civilians make up 60% of the entire u.s. navy. we met him in february on the aircraft carrier "uss nimitz," deployed near the u.s. territory of guam southeast of taiwan and the people's republic of china, or prc. >> you

with the u.s. flation reduction act, a lot of money is thrown at things underlying demand is following that there is no reason at the moment for corporates to pull in their horns and layoff workers as corporates are looking out for the next two years they can get away with continued price increases and give our workers decent pay increases we can keep hiring nothing severe enough has happened to shock the system and weaken demand or drain liquidity to stop the process. >> melissa, what is your take on the housing market how would you describe the outlook there? >> it is super interesting as a brit, our mortgage market is different five-year mixed is long. in the u.s., you have such long fixes for mortgages. what is happening is because rates were low for so long and people were able to refinance on to very low interest rates and those 20-year and 30-year mortgages are valuable you don't want to move and lose that low rate if you are paying 3% or 4% that is starting to restrict housing market activit

the u.s. is slowing down significantly in the u.s. will need cuts. in theory, the soft landing is a landing that doesn't require the federal reserve to deliver aggressive cuts. mark twain was famous for his quotes. i will use one of those today to talk about where we go with the dollar. is the death of the dollar greatly exaggerated? joining us to discuss this is edward harrison of bloomberg news. i want you to argue with me on this. i wonder whether the dollar has gone down enough at this point. the premises of the fed look at in the u.s. economy will rise faster and inflation is slowing that we are starting to see that happen elsewhere. look at what's happening with sterling today. >> the disinflation narrative is mixed here. i think people are getting slightly ahead of themselves. the inflation print, inflation is still incredibly high. the boe still has a lot of work to do and you have some people arguing that 25 basis points in august might be conservative and the fact that that people can

the u.s. but will there be a better entry point if we get more strength of the labor market in the u.s., more wage growth? alix: she set you up. >> i knew she was going to. what we are seeing here is, yes, we are well past peak inflation particularly the raw number. inflation is sticky. i got that wrong. i thought the core number today would disappoint. it didn't. the shelter element shows you there is downward pressure on inflation. those inflationary pressures from china gives you the picture central banks have to start cutting at some point. guy: china might be about to pick up. maybe some of the base effects are going to drop out. what is to say you are not going to get a re-acceleration at year end? should you be buying duration now, but then at year end, you are going to think about selling it? eddie: you have vacancy rates sitting at high levels for quite a long period. you are starting to see that feedthrough into pricing. you kind of need that supply-side pushing to get the inflation n

now we hear the u.s. bassador to china as well as the assistant secretary of state for east asia, w ho is in charge and has been building up all the back channel diplomatic efforts for those big high-profile u.s. visits to china like blinken, like yellen, like kerry. those two gentlemen allegedly had their emails hacked as part of this fairly sophisticated, according to some sources, attack more recently. it came at a time of increased u.s. china dialogue and those visits. here you are seeing antony blinken get off his plane in beijing. he is greeted on the tarmac at the beijing capital airport by nicholas burns. if this was indeed a hack from china, they were trying to glean more sensitive information about those visits as well as u.s. policy as it re-engages with its allies in east asia. when we learned last week about the gina raimondo alleged hack, the administrator of foreign affairs in beijing was asked about it. they said the u.s. should account for its cyberattacks as soon as possible rather than s

the u.s. driving home this idea of decoupling to now resolve in that language to talking about de-risking and preserving open lines of communication. at the same time, both the u.s. and china have emphasized the need for national security and how to safeguard their technology. we have seen that with export controls the u.s. has thrown down. earlier this week, china has imposed new restrictions on key metals they have been sending to the u.s. and europe. this is a difficult balance that yellen has to walk. especially as she is coming in now into beijing, first time the treasury secretary has visited in some time. in addition to this tricky geopolitical situation, you're also getting prolonged facetime with some of these officials for the first time since the pandemic. lizzy: from trade wars to social media battles. we know twitter has faced technical glitches, content moderation problems, no shortage of controversy since elon musk bought the slight last year. mark zuckerberg is seizing the momen

the u.s. federal reserve raises interest rates to the highest level in 22 years. welcome to the program. warning shots have been fired in niger's capital as crowds gathered to resist a coup attempt there. supporters of the president turned out after it emerged that he had been detained by zone presidential guard. the mutiny has failed to gain the support of the army. the president is heading up to niger to solve the crisis. >> the situation is worrisome. they take it seriously and want to act quickly. the idea will be for every -- everything to happen in peace and harmony. this is our first option and we think it will be successful. clark's following developments from neighboring nigeria. >> when you see the clues that happened in africa from mileage of new guinea, they are held hostage. eventually, when they were given those, they set the precedence free. what we are hearing at the moment is that they don't enjoy total support of the military. what we think may be happening was probably define

the u.s. government. they have repeatedly warned americans not to travel there, and tonight, a u.s. official tells me that they are extremely concerned about the impact reed's actions could have on the u.s. government's ability to bring home american journalist evan gershkovich and former marine paul whelan, both still detained in russia reed was swapped out last year for a russian pilot convicted of smuggling cocaine into the u.s lester, his family has declined to comment tonight. >> peter alexander at the white house, thank you. >>> the pentagon said today th russian fighter jet damaan unmanned american drone flying over syria. it happened sunday when the russian jet fired flares at the drone, damaging a propeller. the military says it's the latest instance of russian fighter jets harassing u.s. drones flying on anti-isis missions over syria. >> report . >>> tonight, a potential strike with u.p.s. workers has been averted steve patterson now with late details. >> reporter: tonight, in the dea

the u.s. will be supplying taiwan with 340 $5 million in defense equipment, services, and trading -- 340 $5 million in defense equipment, services, and training. in the past this has been criticized by beijing. vonnie: this is a step further because it is the first time the u.s. is providing arms directly to taiwan. previously the u.s. approved the sale of weapons to taiwan. the mechanism is basically the same mechanism as allow for the passage of weapons to ukraine. so, a presidential drawdown of authority. essentially, congress authorized the divide into use as much as $1 billion in u.s. inventory come already existing weapons, for taiwan, for the night -- island democracy national defense authorization act. this year alone, so far, as anticipated, we have had a response from china, from the u.s. embassy spokesperson. i quote "china is firmly opposed to the u.s. military ties with arms sales to taiwan." the spokesperson urged the u.s. to "stop creating new factors that could lead to tension i

in the u.s. al weather service issued heat alerts for more than 100 million americans as the heatwave has scorched much of the south and southwest and moves east. it is not just driving record temperatures on land, but at sea. off the coast of florida it could be the hottest temperatures measured. coastal waters there exceeded 100 fahrenheit. that is the temperature of a hot tub. it has surpassed the highest surface temperature ever recorded which was 99.7 fahrenheit in kuwait in 2020. warming waters pose a major threat to ecosystems like coral reefs, home to millions of algae and other tiny organisms. joining me from florida is a cbs correspondent. we have been hearing about these high temperatures in the waters. can you describe how hot the water is and what is driving these extreme temperatures? guest: weave been speaking to people here in florida. i have been speaking to them throughout the week, from lifelong residents, to people vacationing here. people who vacation in florida come here quit

the u.s. recession. chips are in focus with ceos of the top u.s. manufacturers visiting the white house. kathleen hays and stephen engle. kathleen, let me start with you because it is all about chinese economic growth. what are the expectations right now and is beijing's 5% growth target at risk? >> the economy was actually supposed to get stronger in the second quarter and the latest data show you it is losing momentum. it did not get stronger, still growing, but this is an important factor to figure out what is going on next. our quarterly basis, quarter to quarter gdp was up 2% in china but it slowed down to 0.8. base effects, the headline numbers look stronger but this is what you have to be looking at now. right out of the gate morgan stanley cut its gdp forecast, china looking for 5% based on this. citi cut. society general. so many dead. the comments -- many were hoping we would get stimulus out of china, the government would get things going, be the counterweight to the consumer. it loo

the line. but this is also about u.s. interests abroad and the bigger story of our national security, about keeping our covenant when we make promises, about expecting other people in other lands and future conflicts to be willing to put themselves and their families at risk to stand with our soldiers. who's going to want to do that again if they hear that we made promises over decades and then when those brave people came to our country, we left them in legal limbo. you heard the story of the sad, tragic story out of virginia a few weeks ago where someone, an afghan who had served as an interpreter who is working two jobs in legal limbo was murdered at the owe on -- a lyft driver in the middle of the night. those are the stories. if people see that brinksmanship in congress outweighs the promises we made overseas, how can we lead? finally, i want to share some words from a group of more than three dozen of our nation's most esteemed military leaders, including general joseph done fortunate of the u.s. marine corps, admira

i don't just mean the u.s. mbers of the g7 and other countries who signed onto a statement the g7 issued this week to make sure we are not just preparing ukraine to defend itself in the short term, but that they have the long-term capability to build their defense capabilities, so the pressure gets the message the u.s. isn't going anywhere, the g7 isn't going anywhere, nato isn't going anywhere and we will continue to stand by ukraine. vladimir putin is thinking about whether he can outlast the last. we are making clear the answer is no. >> what vladimir putin said is the following "i am sure this will not increase the security of ukraine itself and in general will make the world more vulnerable and lead to additional tension in the international arena." is this promise of nato membership down the road going to lead to heightened tensions? >> i don't think anyone should be looking to vladimir putin for any signals about what will increase the security of ukraine. one of the things before the onset of this war th

the u.s. d lower cpi number which was received well by markets stock markets 2% higher. over the weekend, and overnight, attention shifted to asia and information from china we will talk more about that on the show the take away is the pickup in activity in china has started to slowdown the recovery has started to fizzle out that is having ramifications across all sectors and countries with exposure to china that is the number one story today. as for the stoxx 600, we opened weaker .50% weaker. we have given back what we had with the losses. now .25% to the red. for the week, coming in with a solid weekend. the stoxx 600 with the best week as well since the month of march. the last week was a positive one, but today we are starting off on rocky territory in terms of the european markets, this is the picture with the exception of the ibex, the rest of the indices under water. dax is down .80% cac 40, the underperformer, down .7.75% we are focused on the luxury sector we are seeing hermes and lvm

the u.s. stock rally resumes as janet yellen tells bloomberg she does not expect a recession despite china's struggling recovery. haidi: also ahead, evergrande reveals losses top $80 billion. shery: ceo's of the biggest chipmakers visit the white house to raise restrictions on dealings with china. take a look at how u.s. futures are coming online. downside pressure as we saw stocks gained ground in the regular session after we saw some renewed speculation that a fed rate hike this month might have to be the last one in this tightening cycle given the disappointing economic data we got from china. secretary yellen talked about the spillovers from the weak chinese economy but she also does not believe there will be a recession in the u.s. we have more calls about a potential soft landing being possible from the likes of goldman sachs and others. renewed optimism. treasuries in ground with a 10 year yield falling to the 380 level. we saw global bonds rallying today and adding to the gains we saw l

the u.s. imposed its own restrictions on china and its -- and focusing its technology trade with the u.s. this is secretary yellen. >> the u.s. seeks healthy competition in china. were both sides benefit is only sustainable if that competition is fair. amy: climate change envoy john kerry is set to visit china next week to resume talks on the climate crisis. china and the u.s. are the world's two biggest polluters, as well as the two largest investors in clean energy. the u.s. food and drug administration has approved a drug to slow the cognitive decline of patients with mild dementia and other symptoms of early alzheimer's disease. approval of the intravenously-administered drug leqembi clears the way for medicare and other health insurers to begin covering the extremely expensive treatment. the u.s. geological survey found that nearly half of the country's tap water likely contains at least one type of pfas, also known as forever chemicals. pfas are found in everyday products such as persona

speaking of which, the u.s. two year yield is currently down nearly three basis points, trading at 4.9%. we keep an eye on the front end of the curve given the fomc minutes coming later today. driving asian markets this morning has been that china services pmi data from cash and this morning. still in expansion territory but weaker than expected. let's get to hong kong for some market reaction. tonya chen our fx reporter there can tell us what has happened. >> in asia there's not a lot of positivity i can share. the china pmi number still above the line but concerns are coming back about china's growth. let's look at equities. hong kong and china shares definitely meeting the retreat. it is pointing to concerns around china but you are also seeing losses in japan, south korea, australia. i will take you into individual names starting in japan. it is an e-commerce company, rocket can -- rakuten. also in fast retailing, the company behind uniqlo, they had a dismal month of sales numbers. alibaba looking at and opti

the u.s. and all around the world. i'm max foster in london. bianca is off this week. just ahead -- >> the good news, as bronny in less than a day was out of the icu. >> sudden cardiac arrest and death is rare in young competitive athletes, but these cases are tragic and they do occur. >>> the heat bottled up in the desert southwest is now on the move toward the northeast. >> this is not going to be a good week. the hotter it gets, harder it is to breathe for some people. there is less air. >>> there is an expectation perhaps the best and biggest target, joe biden might be the one to go after. >> i want the committee digging into this. >>> live from london, this is c"cnn newsroom" with max foster and bianca nobilo. >> it is wednesday, july 26. 9:00 a.m. in london. 1:00 a.m. in los angeles where bronny james is now in stable condition after suffering a cardiac arrest on monday. he will undergo tests in the days ahead to find out what actually caused it. the 18-year-old basketball car is incoming

the u.s. is only just there. even if you want to go back to the china ppi versus u.s. cpi, both he last year within a few months of each other. directionally, they are similar. it is just the level of divergence. guy: there is no divergence between you two at the moment. there is the note divergence between the chinese and the u.s. economies. mark, where is the divergence? where is the biggest gap right now that we should be paying attention to? mark: i saw this question, one thing that is just the biggest issue is i do not understand how people think we can kill the inflation dragon without killing the consumer sector. if we get an elusive soft landing without too much labor market damage, why would consumers stop asking for wage increases? we are just going to start the next inflationary bubble from a higher base. i am not saying we are not heading into a deflationary period, but if we are, it is because we are getting a recession. the labor market is a lagging indicator, but we are only going to solve inflation by telling the consumer market and labor market. that is

the u.s. and china to thrive. we'll break down the key takeaways from her meetings in beijing. >>> live from cnn center, this is "cnn newsroom" with kim brunhuber. >> nato leaders are meeting this week and will try to cover a lot of ground in just a few days with ukraine topping their agenda. president biden is set to leave in the coming hours stopping first in london before going on. apple press allies to continue support for ukraine and discuss kyiv's long standing request to join the alliance. this is against the backdrop of the u.s. finally beginning to supply cluster bombs. for more, here is priscilla alvarez. >> reporter: the stakes couldn't be higher for the future of the nato alliance at a critical time with the ongoing war in ukraine and failed coup attempt in russia last month. so president biden will embark on this three country trip, he will start at the united kingdom where he will meet with king k45ir8s as well as the british prime minister and then move on for the nato summit and

the u.s. curve has done over the past 24 hours. this is the two-day chart. we can see when cpi hit. we get this drop of 12 basis points to end the day. that's of 100 basis points of hikes still on for this month but for the rest of the year we are backing up from those trades. no longer are we pressing that in. this picture of softer inflation has been helping tech. let me show you what nasdaq has done. has tech futures continue to rally this morning after a strong rally in the cash equity trade yesterday. one weird thing to mention on nasdaq, for the nasdaq 100 they will be taking activision out on the 17th. one day before that deal is supposed to closed by the fact the ftc is still appealing the microsoft acquisition of activision, and the u.k. cma has yet to reverse their decision to block it. let's now check in on asian markets and get to charlotte yang, the rally is continuing in asia after cpi numbers. >> yes, we're looking at a pretty upbeat session in asia this morning where investors a

just yesterday the u.s. parliamentary group, foreign affairs group, deeply criticized the uk government for not paying attention to the expansion of wagner on the continent. that is not something of course that putin will speak about because of the controversy. what he is trying to do is to push the importance of russia on the african nations where they are involved. >> okay. david, thank you. also clare. >>> still to come -- >> if you had one, you captured one, you reverse engineer it, you got it to work, you are talking something that could go into space, drop down in a matter of seconds, do whatever it wants and leave and there is nothing we can do about it. nothing. >> science fiction becomes a reality as u.s. lawmakers push for more intel on ufos. we'll go to washington for the latest on that hearing. >>> plus the u.s. federal reserve raises interest rates for the 11th time in the past year and a half. it appears more hikes are on the way as well. plus a possible blow to the fight against islamic in-you

>>> welcome to our viewers in the u.s. and around the world. i'm rahel solomon in for christine romans. we begin with breaking news. the president of belarus revealing where wagner chief yevgeny prigozhin is right now. alexander lukashenko telling matthew chance at a news conference that the leader of the mercenary group is actually in st. petersburg, russia. just two weeks ago he was leading an armed insurrection against vladimir putin. meantime russian state media reporting that police have allegedly found passports, wigs, cash, gold and guns during a raid on prigozhin's homes stepping up an apparent propaganda campaign against prigozhin. let's bring in nada bashir from london. obviously a lot to unpack here. the reason this is so noteworthy of course is because we thought prigozhin was in exile in belarus. he has not been seen from or heard from since the armed rebellion on june 23rd. what are you hearing? >> you're right. there have been questions since he hasn't been seen the failed insurrection. they believe there was a deal struck with t

in the u.s., it was a drop of 8% . citing aspirational consumers are starting to feel the pinch. it is a confusing picture. while this epo -- the cfo of burberry says the numbers showed the consumer is confident -- the highest since september of 2021, perhaps it is the breakdown of where used in the stratosphere of wealth. sunday night in the u.s., early monday if you are in europe, we get the china data dump that will give us more clues into what exactly the chinese economy is doing. if we are going to get more small pieces of stimulus from china, perhaps in response to that data. the g20 kicking off in india, that will happen monday and tuesday. we will get more clues on the british economy, u.k. cpi and rpi, wednesday. that has been a weird one. gdp came in higher for the last reading, but the mortgage picture is starting to bite for everyday britain's. thursday, french manufacturing. more clues into parts of the economy that have been under pain. friday, we end with u.k. data, u.k. retail sales. alix: that is busy.

should the u.s. the fighter jets that zelenskyy wants? should the u.s. except president zelenskyy's assurances that he will not use them inside russian territory? these are the tough questions that david is talking about. >> what about next week's nato summit? germany has already publicly opposed. >> i will anticipate they will publicly oppose it and understand privately. there might be some heartfelt opposition. if zelenskyy thinks he needs them, if there is no other way to mount the campaign, the u.s. is in the position of being responsible. have to make tough calls. it will be an important summit in the way that nato will be realigned by getting sweden in, and with how ukraine is treated. obviously we can't make ukraine part of nato anytime soon. but we can offer them security guarantees. that is the gradual reshaping of the post ukraine for europe. >> on the 2024 campaign trail, we saw numbers from campaigns. these are from the campaigns. the dissent's campaign announced it raised $20 million sin

local time the u.s. y says an iranian ship approached a commercial oil tanker and approached in a way that led the navy to believe they were intending to seize the oil tanker. an action iran has done in the past. that's perhaps why the u.s. navy intervened. a destroyer approached these two ships. it was during that time as the u.s. navy destroyer approached that the iranian vessel changed course. only three hours later, this plays out. the video you're seeing is another iranian navy vessel approaching another oil tanker in international waters. this time the iranian vessel draws closer and opens fire with small arms fire hitting that tanker in several points. nobody was injured on the tanker according to the u.s. navy. those bullets struck close to the living quarters on board the tanker. another reason the u.s. was very concerned about this. the same destroyer responded to this one as well. this time there was a distress call coming from the oil tanker. that's why the navy headed towards the scene at ful

for the u.s. in particular, clearly they are flocking they want to go higher but rates are close to a peak. the fundamental question we need to figure out is have they gone too far and will this come to bite later? my best guess is yes and is so far as monetary policy clearly moves with a lag and we don't know the impact of that for some time. if the market rolls over as i expect it can be hard to reverse that quickly. david: it will be staying with us. we are going to be looking at we indicators for what might indicate a bottom and the next decade, is it an em decade? also coming up is our exclusive conversation we had earlier on with the taiwan stock exchange chairman about his outlook. sherman lynn on what the second half looks like following the bull market that we have already seen. our exclusive is coming up later this hour. this is bloomberg. ♪ he snores like an angry rhino. you've never heard an angry rhino. baby i hear one every night... every night. okay... i'll work on that. the queen sl

the u.s. ons were required by china, and that is the u.s. needed to address the cancellation of additional tariffs on chinese goods and cease suppression, the way the chinese described it, of chinese firms. the u.s. using sanctions and export curbs and lift the ban on products frank, whatever happens in official circles, she left a positive image of the u.s. with the public the one restaurant that i told you about that had dined, they create d the new menu the god of menu. >> not one menu item the whole menu >> reporter: it is >> did you try it? >> reporter: no. i want to go there t it is a great restaurant the founder said the mushroom dish that she apparently liked has been selling out early he says that they have been trying to have a very close and urgent discussion with the suppliers because of the supply chain issues of not getting mushrooms. >> eunice yoon, that is colorful comments from you on that trip thank you very much. >>> china producer prices falling for the ninth straight month

in the u.s. the services pmi missed manufacturing, actually improved the composite pmi remained in expansion territory that was enough to keep territories under pressure pending yields higher. down the line a look -- for the fed it is not what's priced but there is one to ponder. in those rate decisions, the attention now turns to earning. companies reporting on the stoxx 600 with about $1.1 trillion in market cap. at microsoft and alpha are going to take center stage after the bell in the u.s.. first let's bring in some of those earnings breaking just now. we have the french software company, the top line had been expected to benefit from a rebound in chinese demand and what you are seeing is the second quarter non-revenue have missed since that second quarter non-imf operating margin, its 31% the estimate was for 30.4% and revenue is up 8%. the estimate was for a .38% so a slight mist there. for the non-isf revenue -- up 8% to 9%. it seems there quarter non-ifr f revenue fx plus 8%. 10% there. t

in the u.s. ill be watching for amazon and apple earnings and on friday we get the all-important u.s. nonfarm payrolls reports. coming up, raising the profit guidance for the year. we get more from the cfo just ahead. this is bloomberg. ♪ lizzy: welcome back. earlier in the hour austria's erste bank. to take us through the earnings i am joined by the cfo, stefan doerfler. you have raised your profit guidance this morning. why? stefan: good morning from vienna. on the back of strong revenue momentum and excellent risk performance we were able to improve the profitability guidance for the end of the year. two higher than the return, 250%. guidance has been proving to less then 50% which is an optimistic outlook for 2023. lizzy: optimism ahead. you have been benefiting from the ecb's rate hikes but other central banks have started cutting rates. the question is, when to cut rates? how do you see the outlook impacting your profitability? stefan: there have been different developments country by countr

back here in the u.s. tonight, the news on former president trump and the investigation now into january 6th. the witness they heard from today and the wait now. the former president himself saying an arrest, an indictment, is likely. abc's terry moran and what we know tonight. >> reporter: prosecutors with special counsel jack smith's office arriving this morning at the federal courthouse in washington. as the grand jury investigating former president donald trump's efforts to overturn the 2020 election heard from another witness, current trump aide will russell. in the target letter trump received from prosecutors, he was given until today to testify before the grand jury himself. he didn't. and so, an indictment is likely imminent, any day now. sources tell abc news that target letter mentioned three federal crimes trump could be charged with -- conspiracy to commit an offense against or to defraud the united states. obstruction of an official proceeding, and conspiracy to deprive people of rights, a civ

the u.s. institute of peace, this is merely an hour and a half. good afternoon. we are pleased to welcome everyone to the launch to report on the lead capture and corruption of security sectors. im of the head of the united states institute of peace that is established by the congress in 1984 and national nonpartisan public institution dedicated to helping prevent, mitigate and resolve violent conflict abroad. we are delighted to be joined by the assistant administrator for the bureau of stabilization at usaid who has been a partner on this project. the report that we are launching today was produced by a study group that was led by four distinguished cochairs. u.s. ambassadors patterson and bill taylor. the u.s. invests significantly in security cooperation and security sector assistance. although there are cases where it's worked well, there are many more where it hasn't. u.s. ip study group has been looking at why. over the course of two years the group has met with dozens of security politi

the white house says the u.s. ed to contact north korea through multiple channels but has not received a response. north korea has been silent, the nation's defense minister recently threatened use of nuclear weapons. the pentagon's deputy press secretary and the department of defense's sabrina singh joined me. -- join me. great to have you back on the show. north korea said the deployment of a u.s. nuclear capable submarine to south korea as a provocation that could meet its criteria for its own use of nuclear weapons. the defense minister has said they would be used in case nuclear attack is launched against it. what's your response to that? >> thanks for having me on today. we do not seek conflict with the dprk. our alliance with the republic of korea is defensive in nature. the arrival of this submarine is part of the washington declaration of the president discussed. this is about deepening our military cooperation. we don't seek conflict. this is about our military strength together and a commitment that the

have we ever seen an athlete from the u.s. being attacked by a u.s. while representing the country? she played great and was the winner of the mvp award and leading scorer in the tournament. she's 38. it's time, but what a way to go out. she did play a little bit last night, was a little rusty, but i have a sense we'll see some goals from her moving forward. >> thank you so much. you've been following this chris eubanks. he is so fascinating on and off the court. thank you so much, christine. stick around and watch this. chris eubanks is now ranked 31 after his heart-stopping wimbledon run including his marathon quarterfinals match. born and raised in atlanta, georgia, he has been playing since the age of 2. he's been in tournaments since 7. he credits lots of mentors that he calls big brothers and other tennis stars whose names you may know for helping to pave the way. i caught up with him court side. he is the main draw for the atlanta open next week. >> playing since 2 here in atlanta is where it all began. so who's been your inspiration? where did