. >> u.s. officials are trying to arrange a call between president biden and xi jinping as tensions remain high. >> u.s. futures are gaining ground after we saw the s&p 500 losing ground in today's session. we now have a j.p. morgan strategist saying the s&p 500 implies an 85% chance of arrest session. there are fears we could see i policy ever after the biggest hike since 1994. the nasdaq 100 moving more than 2% and the two year yield around the 3% level. tenure about the 3.2% level. the asian session is under a little pressure after a rally. no matter the risk off sentiment we saw, supply concerns are still moving the market. we also have the dollar plunging by the most since march 2020. this is to do with what is happening in europe. look at these currencies in europe. we are seeing a little move in the asian session after a huge jump against the u.s. dollar. the swiss franc father biggest rally since january 2015 with the swiss bank removes to a currency cap at a time when inflation is high

the u.s.l increase its military presence in europe as noto makes a fundamental shift following russia's invasion of ukraine. nato leaders declare russia to be a direct threat. the alliance calls china a strategic challenge. ukraine's government releases a video of the moment a russian missile struck a shopping center monday, killing at least 18. thtie ronna tal america's health secretary tells us how the u.s. looks in the eyes of the world. >> it is hard to believe america is taking a back seat, backsliding when the world is moving to give women the kind of righ they should have a hat a long time ago. -- should have had a long time ago. laura: welcome to world newsamab we begin in spain. president biden announced the first time, the u.s. will station forces permanently on nato's eastern flank. the cause -- because of his words, president putin shattered pace. the alliance is having its biggest overhaul since thend of the cold war as the invasion of ukraine is in its fifthfrad o nth. political

u.s. congress, white house events, the courts, campaigns and more from the world ofpolitics all at your fingertips . you can also stay current with the latest episodes of washington journal and live scheduling information or c-span's tv networks and radio plus a variety of compelling podcast. c-span now is available at the apple store and google play. download it for freetoday . your front row seat washington anytime anywhere. >> was in 2003 that philosopher and author and linguist noam chomsky first appeared on this program. and we've invited him back to take your calls and talk to you once more time. since 2003 he's written dozens of books and one of those books was consequences of capitalism. here's professor chomsky from 2021 talking about one of his more recentbooks . >> a major poll just came out from pew research in which they asked people, they gave people a choice of 15 serious problems and asked them to rank themin terms of urgency . that was between republicans and democrats and

i think the more u.s. vernment and u.s.ple can hear from the leaders of other countries, which are culturally similar, which the lifestyle is similar from other countries that can seehen there's a problem, fix it, i'm hoping that wilgive a bit of force or impetus to change in the u.s. amy: we will end with the words of jacinda ardern delivering the harvard university commencement speech. she was met with a standing ovation. >> march 20 19, 51 people were killed in a terrorist attack on two mosques in christchurch, new zealand. the entire brutal act was livetreamed on social media. the role commission that followed found the terrorist respsible was radicalized online. in the aftermath of new zealand's exrience, we felt a nse responsibity. we knew we needed signifint gun reform and so that is what we did. amy: that was new zealand prime minister jacinda ardern. rebecca peters, thank you for being with us international arms , control advocate and the former director of the international action network on small arms. and norman

the u.s.ashington wants the australian to face fine charges for his role in releasing hundreds of thousands of classified lee terry documents in 2009. up next on "al jazeera" "inside story is." >> we understand the differences and similarities between cultures around the world. no matter how you take it, "al jazeera" will bring you the news and current affairs that matter to you. "al jazeera." >> the bullet that killed "al jazeera" journalist is revealed. mounting evidence that a special israeli military unit is responsible. will this force israel into taking action? who can conduct the transparency investigation? this is "inside story." ♪ anchor: hello and welcome to the program. "al jazeera" on covered -- uncovered evidence a special israeli unit shot dead our colleague shireen abu akleh. we have a photo of the bullet that killed the journalist and occupied west bank last month. it is a type used by israeli soldiers, designed to pierce body armor. investigations suggest abu akleh was deliber

he is a u.s. citizen today because he qualified under section 329 of the immigration nationality act for citizenship. chair lofgren: mr. jayapal is recognized. rep. chabot: immigrants have defended the u.s. in every major conflict since the revolutionary war. anywhere from a few hundred to a few thousand immigrant veterans are estimated to have been deported. that's unacceptable. i'm very proud president biden has taken steps to not only stop deportation of veterans, but also, allow deported veterans to return and ensure immigrant servicemembers and families can become citizens and have access to military benefits. i have a number of questions, if you wouldn't mind keeping your answers short so i can get through them. ms. rogers, would you agree it is in the best interest of national surity to naturalize immigrants serving in the military? ms. rogers: i would say that my opinion is really not relevant because under section 329 of immigration law they are eligible to apply and become citizens. repp

the new u.s. ambassador to ukraine is going to be our guest, here live tonight, this is gonna be her first live interview since taking her post. reopening the u.s. embassy in kyiv. he, have of course, a city that is now newly-being targeted with missiles by the russian military. heck of a welcome back to the city for the u.s. embassy, but ambassador bridget brink is going to be joining us for any sluice of interview from kyiv. in just a few minutes. i hope you will be there for that. back in 2010, the u.s. justice department arrested and indicted nine people, win michigan and ohio, and indiana. nine people who are all members of a group that called itself a militia. the indictment, back in 2010 charge that these nine people intended to murder a member of law enforcement, possibly the family of a law enforcement officer as well. and then, when lots of other law enforcement officers would come from all around the country to be there for the big public funeral that would result, this militia decided

u.s. bond market. yields are down 12% but a reversal of what we have seen the last few days. let's look at the dollar index. as the yields come down the greenback does as well. down 3/10 of 1% and we should mention the oil story. that is really a recession story. growth fears driving the commodity market lower. jon: that factors in to the stock at this hour. because there has not been willingness on the part of investors to move into any sector it is feeling company specific at this hour, whether you have a standout stock like moderna up 6.5%, or docusign going through a management shakeup. coming back to what you are talking about, you are seeing noticeable weakness in those highflying energy stocks. whether it is marathon or conocophillips down 5.5%. kriti: you used the buzz word. that is the focus for investors. jay powell testified on the topic before the senate banking committee. [video clip] >> do you agree that if interest rates go too high, too fast it could drive into recession? >

today, that u.s. ambassador to ukraine met with the ukrainian defense minister and told him quote we will increase the unprecedented level of u.s. assistance, we will do everything possible to strength ukraine on the battlefield. joining us now is the new united states ambassador ukraine, bridget brink, and she joins us from the ukrainian capital of kyiv, i appreciate you being here, given what time of the night it is right now in ukraine. >> rachel, thanks so much. it is great to be with you. >> let me ask you first, about the decision to move the embassy back to kyiv. obviously, that is something that the ukrainian government wanted, and that some other countries have done, and the united states has done this just within the past few week, you're just there within the past week, is it a danger to yourself and other u.s. personnel to have the embassy there, particularly with those missiles that we saw russia shoot in the ukrainian capital this weekend? >> well, i would just say diplomacy is risky, an

u.s. inflation which caused a fed to increase monetary tightening. jay powell faces a tough choice and may have to push the u.s. economy into recession to regain control of prices. china issues what are the strongest warnings hit on taiwan as beijing stand on the taiwan strait worries washington. we look ahead to the open in japan and maria, new zealand training, but of fed asking for the fed to add. japan futures are up 3.5%. this is a banking group in japan saying we could reach the ahead of the week. looking at the bonds market as well, we see the treasuries, particularly in the shorter duration, pulling out this morning. the q. week 10-year above 4 -- the kiwi 10 year above 10%. shery: that two year treasury yield popping through through percent level. we have the five year yield, the highest since 2008. burning and signaling that the economic soft landing may not be possible. we see the pressures futures in the asian trading session after the s&p 500 saw the second worst week this yea

you are seeing u.s. futures a little bit more positive. the u.s.es likely going to overshadow the ecb. >> we do have the latest ones. then we have the core. this is the more important bit where you have core services. all of this underscoring the chinese economy. we have now erased all of those gains here. regulators broke investors hard. this is march and november of 2020. >> this regulator in china denying the report that they are international talks here. it would mean more for the whole industry group. would you agree with me on that? >> i think the investors could be looking for reasons to expand shares and gains. we have been seeing this being able to be respurred -- restored to the mobile. it has been a series of good news for the tech sector and if there would be arrival of they had books. unfortunately, this just came out. if you look at the chinese tech stocks, they have a rebound close to 100% of the market in mid-march. those have been helpful, 50% of the close yesterday. this happened relative to what it was two years back before he la

u.s. supreme court move to overturn abortion right. a new poll suggests a majority of americans disapprove. u.s. futures across asia after we saw a rebound in the equity market with the s&p 500 gaining more than 3% friday, the best day since may. for the week gains were up more than 6%, the second-best reading this year. the vix is well below the levels we have seen it, past bear market. we are talking a level around 27. we continue to watch the oil space. we are seeing a little pressure in the u.s. session. in the asian session also we are talking about two consecutive back-to-back declines for oil prices since early april. that is to do with concerns about demand disruption given we have continued to see concerns about recession reflected in the treasury space. the 10 year holding around 313. look at this chart. we have seen a rally in the treasury space with the two year yield seeing its biggest gain since mid-may. we are already seeing the market price things now billy -- now, rate cut

this was less a u.s. decision than a u.s.ecision to uphold what had been a consensus of opinion throughout the region. at the 2001 summit of the americas in quÉbec city, all countries in the region signed a resolution that said a rupture in the democratic order of any one of them would be an impediment to future participation in a summit of the americas. really, this is upholding what that than regional consensus as opposed to a unilateral decision on the art of the u.s. -- part of the u.s. are making it sound. >> wasn't the goal of the summit, which is hosted by the u.s., for the u.s. to reassert its leadership in the region? >> precisely by looking at ways in which democracies can work together very cooperatively and creatively to address the mounting challenges in the region, i think the administration has recognized there is something very important about the challenges that are facing democracies. i don't see much of what could be offered by having them at the summit, quite frankly. they would be spoilers. unfortunately,

u.s. stocks snap a today slide. >> the central bank has a lot more work to do to meet its inflation goals. shery: we are seeing u.s. futures up 1/10 of 1% after the s&p gained ground for the first time in three sessions. the nasdaq outperformed. the inflation concerns i laid a little bit. we are headed toward the nonfarm payrolls numbers on friday. we are expecting a slight cooling of labor demand. oil in the asian session extending gains. in the newark session, reversing losses of more than 3%. this has a lot to do with u.s. inventories dropping. a goldman sachs representative talking about a tighter market during summer. opec-plus increased supplies during summer but not enough. if you look at this chart and you see opec capacity, we are still far away from the pre-pandemic levels. there is a lot of skepticism about how much supply opec-plus is bringing to the u.s. markets right now. >> more oil in the markets could help to ease the investor concerns around inflation. ahead of the open,

the u.s. isn't supporting. the u.s. actually has an official policy, unfortunately, it doesn't seem to have been reported in the united states press, at least i can't find it, but the policy is there. you can read it in government documents, actually i've quoted it repeatedly in things i've been writing, the policy was set in september 2021. september 1st, 2021 there was a joint statement of the u.s. and ukraine, notice, this is a couple of months before the russian invasion. the document is basically a policy statement of the united states, reiterating and amplifying the policy that had been in effect for many years. it's worth reading. first says the door to the ukrainian entry into n.a.t.o. is wide open. we're inviting you to join n.a.t.o. and it says the united states will intensify the sending of advanced military weapons to ukraine. it will continue with joint military efforts in ukraine, the u.s.-- it's called n.a.t.o., but it means u.s., ukrainian military operations. all of this placing weapons within ukraine a

u.s. markets. traders gaining at the front end of the curve. u.s. officials working to arrange a call between president biden and xi jinping as tensions remain high. u.s. futures rebounding after the s&p 500 plunged. j.p. morgan is saying now that the s&p 500 implies an 85% chance of a recession in the u.s.. nasdaq 100 stocks also fallen more than 4%. we are watching the treasury space very closely because the selloff we saw earlier is completely reversing course and is a two year yield is falling close to a 3% level while the 10 year yield falling. wti gaining ground in the new york session. a little pressure in the asian session. remember, you also had other daughter falling by -- dollar falling by the most since march, 2020. the other side of the dollar's european currencies. central banks across europe are starting to tighten as well. the swiss franc is seeing its best rally since 2015 after that rate hike by the swiss bank, the first one in 15 years. the british pound is also supporte

u.s.tocks surged after last week's $2 trillion rout but marketwatchers warn of more volatility ahead. paul: elon musk tells bloomberg the u.s. is likely to face recession is a near -- in the near future. nouriel roubini says his best scenario is a hard landing. will get more exclusive insights from the qatar economic forum. shery: the yen six to a 24 year low against the dollar. this is the picture across wall street. u.s. futures muted after the open after the s&p 500 gained almost 3%. it was led higher by energy and consumer discretionary stocks. more positive sentiment today. president biden saying that a u.s. recession is not inevitable. we had treasuries falling, the 10 year yield headed toward the 3.30 level, the long leading data sources. gains in oil prices. -- the long and an leading their losses. gains in oil prices. and we are continuing to see anxiety, data showing existing home sales fell to lowest in two years, given that rates are rising. if you do price in the potential of

the u.s.moment taking a back seat and following the rest or is it actually leading , do you think, at least in terms of the war in ukraine? guest: in terms of the war, i think the u.s. broadly speaking has driven the process. the u.s. has contributed substantially more in terms of money and weapons. it has the advantage of having the real military you know that the minutes nato. frankly, the country that most european countries have cheerfully cheap ridden on for decades. there is an element of which the u.s. has a natural leadership role there. but it matters a lot to have other european countries indicate that they are prepared to do more. and we see that even a country like turkey can throw a spanner in the works over the issue of bringing in finland and sweden for its own purposes. so, there is leadership, but there is no domination. what we see going forward -- as indicated, macron has his own domestic issues. certainly germany. a complicated political situation three-party government , a

u.s., i wondered how much money would you put into that? what kind of support would you push? elon: i have not decided, some non-trivial figure, i think. john: nontrivial would mean a lot with you. elon: sorry chadchart sittipunt john: nontrivial would mean a lot with you i was guessing. elon: it would be 20 or $25 million. john: you look again at what desantis says, and what trump says, and those sort of politicians make a large noise about china. i wonder whether you thought that was also an issue for you in terms of business in china? elon: um. no, i don't think so. john: you're a brave man. over the weekend, you tweeted your support of the one cryptocurrency. you have seen the carnage in cryptocurrencies at the moment, what is happening and do you still think people should invest, or is it more selective? elon: i have never said that people should invest in crypto. in the case of tesla, spacex myself, we all did buy some bitcoin, but it is a small percentage of our total cash assets. n

and within the u.s. -- he is a u.s. citizen today because he qualified under the section 329 immigration act. >> madam chair, i yield back. >> missed -- >> -- anywhere from a few hundred to a few thousand veterans are estimated to be reported. that is unacceptable. i am very proud that president biden has taken steps to not only stop deportation of veterans but to allow veterans to return and ensure immigrant servicemembers to them and their families and that they can become citizens and have access to military benefits. i have a number of questions. if you would mind keeping your answers short so i can get through all of them i would certainly appreciate it. ms. rogers the first several are for you. would you agree that it's the best interest of our national security to -- >> i would say my opinion is not relevant because section 329 immigration law they are eligible to apply and become citizens. >> we heard from previous witnesses that this is very important. if we had someone with a green card from south korea on the

the u.s. and canada trade, more than two billion dollars daily. that is a two billion dollars daily. there is no better symbol of our energy relationships in our interconnected, which is seamless and enter growth for the reliable electricity, citizens, and industries in both of our countries depend on it. and, we are here for each other during these times of need. electricity workers from both the u.s. and canada regularly crossed the border and extreme weather events to help get the power back on. that is when mother nature calls. canada has wrapped up all exports to the u.s. to offset russian crude and member of our committees led legislation to cut off the energy forces fuel in putin's war machine. we know that a number of u.s. refineries are running on heavy crude and canadian heavy crude runs an alternative to sources like venezuela, which we have sanctioned due to the anti democratic actions. canada is also a leading supplier of uranium, and critical minerals to the u.s.. including those

the u.s. army, the honorable christine wormuth, to build on these previous discussions. there is no better leader today to discuss the role of the army on deterring actors across the globe. thank you again for spending time with us and we look forward to hearing your insights in the coming hour. with that it is my great pleasure to introduce jane, my colleague, who will make a couple of announcements and further introduce our esteemed guest. jane is also a board director and president and ceo in north america at a company that works on solutions to protect the integrity of products and documents. jane has held previous roles as deputy terry sector -- deputy secretary of the department of homeland security, assistant secretary-general of the united nations and member of the security council in the bush and clinton administrations. she has also had a distinguished career in the army pleading service in the gulf during desert storm and she deeply understands the importance of the topics we are di

the u.s.ay, there will be no longer a need for a test 24 hours for your flight your donald trump accused of orchestrating a coup at his daughter does not believe the election was stolen. shocking conditions in the russian occupied city of mariupol as officls one of the risk of cholera. and in paris, an official report details a chain of failures by authorities handling the champions league final last month. ♪ a very warm welcome if you are watching in the u.k. or pbs in the united states or indeed around the world. the u.s. is lifting the requirement for international trelers to have a covid test within 24 hours of flights, from this sunday. the need for testing will be reevaluated every three months and could be reinstated if a new variant emerges. the move and's one of the last restrictions related to the pandemic in the u.s., where more than one million people have died from covid. michelle fleury give us more details. michelle: there has been so much pent-up demand, people set at home for

., and whether the u.s. consumer keeps on being strong. francine: tom: mercedes gaining more than 1%, despite a report of a recall of a million vehicles on concerns of faulty brakes. hermes, just pulled out one of these luxury players for you, gaining .5%. the maker of things like niea moisture. around 300,000 jobs added on friday in the u.s., they hired at a robust clip in may while wage gains held firm. as the fed raises rates at a steep pace to tame inflation. btv weighed in on the latest data and its implications for fed policy. >> these are still very strong numbers. >> the fed is going to be aggressively raising rates by 50 basis points a meeting for the next few meetings. >> there is nothing that is going to stop them from continuing this march of 50 basis point increases. >> the side effect will be a slowdown in the pace of job creation. >> this is the last solid report you're going to get for a long time. >> this is going to lead to a slowdown. >> they have to thread the needle to engineer a soft la

ashli babbitt u.s. listed shares tumble after chinese regulators did not a bloomberg report of talks to revive the ant group ipo. plus public hearings on the january 6 i talk begin assuming, with the house committee promising -- of the january 6 capitol attack begin soon, with the house committee promising new evidence. haidi: south korea's april current account deficit at $79.3 million. the april goods trade, falling to a surplus of 2.98 billion dollars. we are also hearing from the bank of korea governor, delivering a speech at an event on the 72nd anniversary of the central bank. he is talking about the economic damage from the inflation correct, saying damage to the economy will be greater if they may set the timing on the rate hikes. we did hear from the bank of korea's deputy governor saying that it is not appropriate to hike the policy rate by 25 rather than a big step like 50, as we have seen more consistently happening with other major central banks. we have heard repeatedly from policymakers f

the u.s. has announced it ll send an advanced artillery rocket system to ukraine that can strike targets up to almost 50 miles away. the rocket system is part of a new $700 million u.s. military package for ukraine that also includes javelin short-range anti-tank rockets, artillery ammunition, helicopters, and air surveillance radars. the white house said ukraine has given assurances that it will not use new rocket system to attack targets inside russia. russia blasted the u.s. arms package for ukraine saying the u.s. is "deliberately pouring oil on the fire." "the wall street journal" reports france and germany are also expressing increasing concern over the shipment of more heavy weapons to kyiv over increasing skepticism that ukraine can expel russia from the donbass region. unlike the u.s. and u.k., france and germany have been pushing for a negotiated cease-fire to end the war. this comes as russia appears closer to seizing the city of sievierodonetsk in eastern ukraine. on tuesday, the g

yields up just a bit higher. 3% on a u.s. 10 year. crude at -- u.s. crude at 120 dollars, and goldman-s has more to come. lisa: how much will that bleed into the picture, particularly in the united states? the week doesn't start tomorrow and friday with that cpi report. tomorrow president biden is heading to the summit of the americas. cuba, nicaragua not invited. the issue for me is how much we can talk about your-shoring, bringing manufacturing production in asia closer to home in order to get ahead of some of the distractions -- disruptions we have been seeing. today's summit is taking place in san francisco. we have the ceo's of uber, expedia, mastercard. tom is watching this very closely. he wants to know what to do with his triple-leveraged cash fund. today sergei lavrov is heading to turkey for talks on unblocking u.k.'s grain exports. this is key in the black sea, where about 90% of all grain from ukraine typically has been exported. it has been blocked by russia. people have been accusing russia of holding this area hostage. how much are they

u.s. economy remains strong. he says look, this is going to be a very interesting summer season because the economy is still strong. you will have people traveling and that is why you will see gas prices spike and continue on this rally. that is why we are seeing what brent market and crude markets are doing this morning. they are still adding jobs at a rapid rate overall. there is a lot of concern that the economy is slowing up too sharply. we are not saying that. we are seeing moderate job gains. that kind of leads to a lot of questions about the central bank and what they're going to do. what really matters is you see the. that is the big one here. we will be looking for any signal about when they will lift interest rates. we will look at australia and india. >> let's have a look at the key question here. we are looking at indonesia, kazakhstan, india and poland. this is the reserve bank of australia. we are looking at where we will be seeing aussie rates. here is the implied cash rate.

u.s. could face recession, saying that a soft landing will be very challenging. >> -- have made it more difficult for us to achieve what we want, which is 2% inflation and still a strong labor market. shery: that warning set to play on asia markets along with losses wall street and a rally in treasuries. china's president slams the suffering caused by sanctions, accusing some nations of weaponizing the world economy. u.s. futures continue to extend losses after we saw the s&p 500 fall, warning of the risk of recession not sitting well with the markets. energy leading declines. oil continues to extend the declines we saw in new york, already at the lowest in a month. we also had the former new york fed president bill dudley say that recession is actually inevitable. treasury futures at the moment are not doing much, the 10-year yield actually fell towards the 3.15 level. annabelle: the rally in treasuries is certainly setting the tone for trading in asia as well. we are looking ahead to a m

the u.s. has -- as the u.s. is replacing european inventory.e see china increasing their inventories at the same time. it's a very peculiar world. alix: to that point, in the data yesterday we saw crude production finally hit that 12 million barrel a day mark. the u.s. is producing more than saudi arabia is. i'm wondering if you think the 12 million is sustainable eventually will president biden stop complaining because of the u.s. is producing more than saudi arabia why is he asking them to produce more oil? ed: he's also asking the u.s. to produce more oil. it's what happens when you get to a point when gasoline prices are high. turning to the saudi's has been summing virtually every administration is done in one point or another. it's trying to show action. the issue is what can be done about gasoline prices. being patient is one thing. one other aspect is the indication u.s. demand for gasoline and for diesel is down around 900,000 barrels a day year on year. that is not new. it's been persistent for the last three or four months. we are do

the u.s. may allow more a radiant oil into the market. haidi: president joe biden's commerce chief says it may make sense to -- shery: asian stocks are expected to see a cautious open after the u.s. jobs report. take a look at u.s. futures. this after the s&p 500 lost ground for an eight week in the nine. we continue to resume those losses. we have the nasdaq 100 being dragged down, losing more than one person. it did not help that elon musk came out and said he had super bad feelings about the economy. this report after wti touched $120 a barrel. we are continuing to see that rally in the asian session. not to mention we had the saudi arabia news, raising prices for asia and we are seeing more of a demand rebound given that economies are coming back online and reopening after covid lockdowns. we are seeing treasuries extending the losses and heading toward the 3% threshold on a 10 year, psychologically important. we are watching main cpi numbers this week. that will determine what the treasury market does. we are watching the jobs report

the u.s., 8.6%. markets repriced with a selloff in bonds and treasuries. you could get as much a 75 basis points this week from the federal reserve. jeffries and barclays putting that on the table. a pastor rate hike cycle then ringing forward the question of a recessionary risk. the spanish ibex down 1.4%. the ftse 100 lower by .8%. with our video's and picture, -- idiosyncratic growth picture, the contraction and the conundrum from the boe which makes its decision later this week. the cac 40 down 1.6%, politics also at play there. the first round of parliamentary elections were on sunday, the second round next week. questions around what that can meet of micron does not get his majority. the heavy selling that we saw in the united states and europe. mastec futures pointing to losses of 2.2%, the most exposed to that run-up in yields we are seeing. the yen did cross above 135, at their weakest level in 24 years. we heard from the bank of japan saying they will continue easing, it is the rate

for example, in the u.s. we trimmed our underweight on u.s. treasuries, but we still hold that underweight position. i think that's largely the case, the focus in terms of market narratives has been on inflation at what the fed will do, less so on the growth front. we are not yet seeing signs of u.s. recession. yes, growth is going to materially slow from here, and at that point you would expect investors to position further up the curve. francine: some of those high-tech valuations that no longer makes sense. laura: we do see some value in terms of having tech in your portfolio as a hedge against growth risks we are seeing. valuations have come down quite materially of the past draw down, so that is attractive, but there are pockets of selectivity to make sure your portfolios are well protected. francine: espressos are well protected. tom: that is laura cooper, senior blackrock investment strategist, more of coming up next. francine: how long will boris johnson hold on in the face of a significant revolt from many of his and == mp's? we will

the u.s. aviation, airspace sector, state and local governments. i support this bipartisan legislation and urge my colleagues to do the same. i reserve the balance of my time. the speaker pro tempore: the gentleman reserves. the gentleman from south dakota. mr. johnson: madam speaker -- mr. speaker, i yield myself such time as i may consume. the speaker pro tempore: joyed. mr. johnson: thank you, mr. speaker. let's start with the basics. what is advanced air mobility, a.a.m.? the bill and the next one deal with the fair amount with the concept. it's making sure we have in place a system so that remotely piloted or automated takeoff are in our existing air infrastructure. really incredibly important to do it in a way that's safe, just as the chairman said, mr. speaker, that's really where h.r. 6270 comes in. the advanced aviation infrastructure modernization act. it does establish a pilot program which would provide targeted grants related to the planning and construction of this a.a.m. infrast

u.s. officials. g7 working on implementing price cap on russian oil that can be achieved of curbing russian revenue and easing impact on the world. car targeting services is a promising avenue to deny russia re revenue. a lot of questions over this story that what a scheme would look like of a price cap on russian oil. g7 will align on tariffs to ensure russia pays for the war they will impose sanctions for those responsible for war crimes or human rights. they will provide budget support for ukraine and g7 leaders to target those engaging in invasion and backfill. that is coming through now out of the g7 summit steve is on the ground and will break it down in detail. those are the latest comments around the potential russian oil price cap. president biden called for the group to stay together to get agreement across the line as the leaders meet in the bavarian alps and covering transport crude would be limited to europe talks on the proposal will continue today i brought you the latest li

the u.s.ds $1 billion of military aid to ukraine us americans defense secretary calls this a pivotal moment in the war. a top pentagon official says the u.s. will move heaven and earth to make sure ukraine has the weapons it needs to fight russia. also, how a ukrainian grandmother has become the face of russian propaganda. the u.s. central bank raises interest rates in its biggest rise in nearly three decades. what will it mean for the global economy? and in afghanistan, while the taliban focuses on curbing women's rights, we hear from the families who are trying to get enough to eat. and the beloved british bulldog could be banned in the u.k. we will explain why. ♪ welcome to world news america on pbs and around the globe. the u.s. is sending another $1 billion of military aid to ukraine. president biden told volodymyr zelenskyy about the new weapons and a phone call this morning. this comes as the u.s. culling on nato allies to send more weapons to ukraine. the defense secretary speaking at

alibaba u.s. it percent after chinese regulators denied a report that they have decided to discussions to revive the ipo of jack ma's ant group. also earlier, bloomberg reported that authorities were said to clear a path for ant to go public, sending alibaba's shares higher. tesla tripled its production in may from the month before, producing more than 30 3000 cars at its shanghai plant. tesla has gone to great lengths to keep its chinese factory running amid lockdowns, with staff working around-the-clock in a so-called closed-loop system. wells fargo shares have fallen under reports that it is the target of the investigation. it is being investigated over whether it conducted fake job interviews with female and minority candidates to satisfy diversity guidelines. it is the latest scandal to hit wells fargo, which is already operating under a federal reserve growth cap. >> credit suisse ceo thomas gottstein dismissed what he called a stupid question, over whether the bank is the target of a takeov

the u.s. capitol. steve moore is a retired special agent with the fbi and he said the videos reveal the magnitude of what happened on january 6th. >> it was pretty devastating the type of mob action that went in there. and i think people sometimes don't realize what goes on during these riots and who the victims are even if you don't see these big death tolls or something. if you have people who are wounded, if you lose police officers, there were deaths in this, and it is important to show the magnitude of it. >> donald trump quickly responded to the hearing with insults. he called the committee members political hacks and complained had there were no positive testimonies and he again repeated his big lie about election fraud and voting irregularities. he ended by saying our country is in such trouble. president biden is hosting summit of americans in los angeles and said he hadn't had time to watch the hearing but he offered thoughts about the events of january 6 and the hearing. and here he

the u.s. strategic interest? if iran were to break out tomorrow, what is the united states prepared to do? if iran begins to enrich uranium by 90%, what is the united states prepared to do? using every bit of leverage and deterrence, how do we stop iran from mastering the weaponization for a nuclear device. i wanted to hear the administration's plans to better enforce the sanctions regime that we have put in place, that now looks like a sieve. i want to hear your plan for working in lockstep for european and other allies around the world to sharpen iran's choices. i want to hear their plans in detail for what the administration is prepared to do, to stop the growing oil trade between iran and china, and iran's oil trade with venezuela, and syria. how to end iran's hostage taking of our citizens. and i want to hear your plans for how the administration is going to bring home americans wrongfully detained in iran. with or without the jcpoa. and we can't forget about bob levinson and his family.

you like u.s. stocks. which ones? grace: we like the u.s.ecause we think there is more visibility of earnings growth and outflows around the world. even though we like the u.s. market, we think the forecast for 2023 is a little high. we expect downgrades in the market but the visibility -- and you have seen a big dull down when comes to equity valuations. overall, we will get a return on u.s. equities in the overall context. as to the bits of the market we like, we are looking for a few things. first, we want relation to the cycle, but we also want exposure to feed into the classic nature of this cycle. we look energy for some of back, utilities, and we think about decarbonization, when we think about automation, a lot of the supply chains. but also the war. and technology. francine: i don't know what to do with technology at this point. grace: the bits that we want to focus on our enterprise services parts. what we have learned about the consumer is that there is a cost-of-living squeeze and it is a pull forward of what we saw during the pa

u.s. stocks fall as oil continuesits relentless rise. shery: some analysts say hopes are premature. we are seeing u.s. features muted at the open but after the s&p 500 managed to lose ground for the first time in three sessions after we had meme stocks under pressure given the sec talking about overhauling market rules, a direct response to the wild trading we saw last year. we also had chipmakers under pressure. intel saying the current quarter not looking as great as expected. the energy sector, the only sector that stayed in the green for today. we continue to see the rally and wti prices in the asian session above $122 per barrel at the moment. we saw data out today that showed u.s. stockpiles falling. we're watching volatility in the treasury space. 10 year yields about the 3% level. take a look at this chart because every time we get to this level this bottom panel shows you how much pressure and volatility we have on stock markets. the big question is will we continue to see a susta

senior u.s. official says sullivan reiterated washington's one china policy while expressing concerns about beijing's actions across the taiwan strait. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am vonnie quinn. this is bloomberg. shery: still ahead, we will hereby asset management says the stimulus will likely delay any risk of a global slowdown until 2024. jp morgan is among the market watchers predicting a 75 basis point fed hike on wednesday. joyce chang joins us now. -- joins us next. this is bloomberg. ♪ ] >> we are unlikely at this stage to go deep into a recession. it is possible, i would put 5050 odds. that is ok. haidi: morgan stanley ceo james gorman. our next test says re -- our next guest says recession -- always great to have you with us. where do you see the trajectory of risk particularly as we talk about the possibility of 100 basis points from the fed? joyce: the focus will be on

we had u.s.tocks rebounding in the new york session, but right now, those gains are not being held in the futures trading space. we had weaker than expected economic numbers in the u.s., including jobless claims, near a five-week high. not to mention manufacturing and services numbers cooling in june. we might see a mixed picture in asia. right now we are not getting that clear direction that we were hoping for after the wall street close. annabelle: you have to say that, because we have the aussie 10 year reflecting the moves in treasuries now it could be a supportive factor for equities across the board. but we still have futures for austria pointed to the downside. you did say about the fears about pullback in demand for commodities, particularly important for the asx 200. bernstein said iron ore shipments could decline in the second quarter. in japan, nikkei futures are coming online flat. inflation data from japan is a major focus for this hour. cpi is rising further above the boj's 2% targe

the u.s. house prepares its next hearing on the january 6 insurrection. we'll look at what comes next, and how it's playing out overseas. >>> plus new concerning that the war in ukraine could stretch clear into next year. inflation being felt around the world from gas pumps in the u.s. to torrestaurants in italy. >>> live from cnn center, this is "cnn newsroom" with ken brunhuber. >> there's a growing sense of urgency among members of congress ahead of monday's second hearing on the january 6 insurrection. they say their investigation paints a tdamning portrait of former president trump. trump and his supporters have been pushing back hard against the narrative. we get more from jessica sh th needer in washington. >> reporter: they set the stage tor for what's to come. some republicans are working to discredit the findings, while the former president is responding to this. >> the president responded with this sentiment. maybe our supporters have the right idea. mike pence, quote, deserves it.

u.s. markets are closed. we are going to see liquidity, we are headed for the juneteenth monday holiday. u.s. futures are rebounding after the worst week since march of 2020, recession fears bringing anxiety to the markets. the s&p 500 erased $2 trillion in market value. we are talking about being close to that oversold level on the 14 day rsi. a lot of volatility in the treasury space with the 10-year yield settling. we are watching what is happening to those recession fears. it was the figure of demand destruction the lead oil to fall by the most in three months. we are seeing upside in the asian session. haidi: let's get to world and markets. bitcoins latest rebound has a lot of trauma in this market given the selloff. >> that is right. i think what is worrying at the moment is until now, what you saw is short-term speculators selling out as cryptocurrencies, digital currencies stumbled. now you are starting to see some evidence that perhaps some of those long-term investors are also ba