u.s.after the rises because. blinken will meet ministers from other gulf states to beard it is that a time of intensified aggression against palestinians under the new far right government in israel that he hoped to bring closer to saudi arabia. we will be discussing his trip and what it hopes to achieve with our guests. this report. >> a meeting seemingly taste on shared commitments and common interest, but the reality is relations with the u.s. and saudi arabia are strained. the first meeting only lasted an hour and 40 minutes. even though he was secretary of state antony blinken had a lot of ground to cover with the saudi crown prince. tehran has reopened its embassy in riyadh, seven years after it was closed. the restoration of the saudi rations -- relations with iran was brokered by china. saudi arabia's mohammad bin salman is making moves. it is not in the u.s. is favor. the trip aimed to counter asians influence in the region and that of moscow. u.s. president joe biden has vowed to

u.s. persons located outside of the united states. when it was reauthorized in 2017 included a sunset provision and as a result of that these authorities are set to expire at the end of this year unless congress reauthorizes it. today's discussion is going to highlight this one aspect of 702 which is the ways in which the administration aided the diplomatic effort of the u.s. and its partners and allies. in the weeks to come we plan to have additional programs on 702 looking at the value of 702 and also looking at that the discussions underway about ways to reform 702 to increase the public's confidence in its appropriation. today we are honored to host brett holmgren assistant secretary at the bureau of intelligence at the u.s. state department. secretary holmgren has served in this role since 2021. prior to that he served for 14 years in key leadership positions at the white house and at the department of defense. during president obama'sng administration he served on the national securi

u.s. citizens and non-u.s.itizens alike come at a time when digital authoritarianism is on the rise, the framework and safeguards established by the united states can serve as a model for how to conduct legitimate intelligence activities in a manner consistent with privacy, civil liberties and transparency imperatives. looking ahead i am confident working with congress we will find a way to preserve these vital authorities while addressing legitimate privacy and oversight concerns. as the director of national intelligence and the attorney general had said, the administration is committed to working with an engaging congress on potential improvements to the authority that fully preserve its efficacy. for inr and state department, and indispensable part of that efficacy is the advantage that 702 information provides for american diplomacy. from advancing human rights and climate security to counting authoritarianism, american diplomats are on the frontlines of every major threat and opportunity that we face in th

u.s. likewise we must take steps to prevent products made from entering the u.s. all while supporting american jobs and in proving american competitiveness. i am convinced we can advance a bipartisan legislative product that minimizes unnecessary red tape when importing and exporting the supply chain bottlenecks while holding china accountable and stopped the illegal often dangerous products from crossing the borders. both cbp and private sector partners play pivotal roles in targeting bad actors abroad. last year congress appropriated $100 million to enforce the labor prevention act. the increased resources must lead to fair and effective enforcement and improved clarity on what information cbp requires to determine a supply chain free of forced labor. the subcommittee will continue to provide oversight on this front. recently there've been substantial discussions about diminished policies and how to ensure they function as intended. it is always appropriate to review the policies and con

the u.s. agency for international development testify. from the house foreign affairs committee, this is three hours. [background noises] [background noises] brexit committee on foreign affairs will come to order. the purpose of this hearing the committee on foreign affairs will come to order. the purpose of this hearing is to assess the accountability mechanisms and ensure american taxpayer money is being spent as intended in ukraine. i now recognize myself for an opening statement. it's been a year since vladimir putin launched his unprovoked war of aggression in ukraine. and in response, europe has provided significant aid. but must continue to do more to keep the government of ukraine from defaulting, and ensure it is able to prosecute the war. additionally, congress is also providing a significant amount of assistance to ukraine, to ensure putin's aggression is stopped at ukraine's border, and that a nato ally is not next. i have supported u.s. assistance, because a victory by putin in uk

the u.s. state department and the federal bureau of investigation. it provides detailed information on how they operate and what can be done to enhance network security. >>> a major security conference is kicking off in singapore. defense officials from japan, the u.s., and china will attend the three-day talks known as the shang ri la dialogue. >> aiko, what's the latest? >> reporter: delegates from around the world have started arriving at the conference venue, many in military uniform. registration for participants is under way. authorities have increased security in and around the hotel where the event is being held. motorists have been advised to avoid the roads near the hotel. over 600 delegates from about 50 countries are expected to attend. the list includes defense ministers and security experts from the u.s., ukraine, china and japan to name a few. they will discuss some of the most pressing security issues that confront the asia pacific region today. from nuclear weapons and disarma

u.s. secretary of state has talks in beijing. the meeting was described as candid and constructive. hoping for positive sentiments. the yen is losing ground against almost all major currencies. and pete buttigieg calls for the de-risking of global supply chains. shery: u.s. futures are gaining 2/10 of 1% after losses on friday. markets were challenged given massive options expiration friday not to mention markets are closed for the u.s. holiday monday and you have to put this into context. five weeks of gains already for the s&p 500. the longest winning streak since 2021. treasury yields climbing across the board in the friday session. hawkish comments from fed officials. this week we will watch the semi annual testimony to congress for hands of where monetary policy could go. pressure on wti prices in the asian session after a week of gains for oil given speculation more stimulus would come from china. annabelle: a lot of investors putting their hopes on it. you mentioned jay powell's tes

the u.s.e are expecting cpi numbers to come out next week on the first day of the fed's policy meeting. in this environment, how do you position? guest: we are expecting a hawkish pause. we have seen some deceleration of inflation, and i think we will see what the message is for july, but a hawkish pause would be warranted at this point in time for the fed. shery: what does that mean for tech stocks? we have seen a bit of a downturn for the big megacap tech names, but at the same time of course, we see this huge frenzy around ai, even in an environment of rising yields. guest: exactly. as you know, aia has been a very long-term theme for us, we have had it many years, including more generally technology and cybersecurity, which is even more important in a world where ai takes a lot of share, if you want, of technology. given the rally we have had, it will be normal to see a pause, particularly in the context where we see the rates might plateau. in this environment, you have an opportunity. th

clearly the u.s. is not going to meet moscow's conditions, cease support for ukraine, the four discussions can begin. but are there other gestures, steps, or in the terminology, on ramps, that the u.s. may be able to take? >> thanks, thanks, tom, fe today. i'll note my co-author markets of any audience. i can't see because of the light but he is here. i think what we heard from jake was basically, it was useful to have that speech because there hasn't been a comprehensive statement of the u.s. policy and positions on arms control and nuclear policy since the nuclear posture review came out, and developments continue to proceed. proceed. i think it was useful for them to lay out there thinking. basically what i heard was a work plan for the end of the first biden term. it didn't so to get to john's point it really didn't have a long-term vision. it didn't even come to kind of had a lot of questions marked at what happens after 2026, although there is a willingness to engage in a dialogue with russia, i

u.s. and u.s. sanctions are list of concerns, that is a mouthful. i liked asking them since that submit for the record right here. doesn't 172021. rope wrote powers nutritional development on global south. the effort more clear the vital area of energy institution like the world bank will funding the nuclear power the cleanest mill. most productive zero emission source or natural gas improvement from coal or wood that our country to reduce emissions more than any other country in the world. with our the continent they deny the countries financing for national gas projects. in the meantime because developing nations are nuclear gas and money projects the bank refuses to consider russian china fill the gap. establishing long-term relationships even as european countries and the bite administration pat themselves on the back with their own green purity. budget request -- met in the budget request for fiscal year 2020 for the by demonstration from the 70% increase largely to fund the counterpr

on the u.s. side, it is no secret that the u.s.owards china and that limit some of the things the administration can do. we have seen reporting that some of the ways in which the administration has prepared for this meeting have not met with appreciation by some of the more hawkish voices within the u.s. side. the downside of the spiraling relationship have become so clear that they do push against some of those domestic political considerations moving in a hawkish direction, but those domestic political considerations are not going anywhere and will set the landscape as we go forward. david: just a look at potentially the right side, and the underscore potentially as the operative word, is there anything we are underestimating as far as how good is can get? what is achievable this year? neysun: i think something that i feel strongly about and am actually living at the moment is the presumption of people to people exchange putting scholars like myself and businessmen. i think this is an incredibly important variable in the overall

so, u.s. president just came back from the u.s. g-7 summit of course that yields enormous power on the imf and world bank and yet we are seeing in this hearing that china is taking extreme advantage in both institutions it's unclear if the administration is asleep at the wheel and it also seems very unlikely the subject was brought up at the g-7 summit by the biden administration. so, you had represented of the executive director of the imf, the united states use it in your testimony it is strained from its core mission. they are pursuing not just swapping debt for claimant pledges and adding and climate reforms as part of the term of financing loans. this is very troubling. what do you think we should be doing about it? >> i think, congressman, we need to hold the imf to account. they have a core mission which as the chairman said a firefighter in crises situation and not providing the development lending which is what they are doing with the climate trusts that they've established and dealing with long-term problems. their role i

what does that allow the u.s. government to do and how is it different from other types of surveillance that the government has authorized? >> sure. what's 702 allows the government to do is to target non-u.s. persons, foreigners, not u.s. persons, reasonably believed to be located outside of united states. so they are outside of the domestic u.s., to acquire foreign intelligence information. and it does that and is implemented principally by the national security agency, through a couple of surveillance techniques that it uses. but the critical distinction between section 702, which frankly is a program that grew out of the post 9/11 intelligence issues and exchanges in the telecommunications environment. that happened in the 21st century. how it differs from what i will call traditional -- which was a foreign intelligence surveillance act that was first passed by congress in 1978. it is that there is no warrant. the foreign intelligence surveillance board, which is the courts that was established by the pfizer a

interestingly in the u.s. session, the leadership being taken by the russell 2000, the nasdaq giving up gains what does that portend? a few seconds into the open, we are weighing up iron ore prices which have been taking up and how that plays into the ftse 100. the ftse 100 gaining 0.1%. across the benchmark, gains of 0.2% so far into the session after losses yesterday. factors in the u.s. pointing to downside of 0.2% on the nasdaq. across sectors, let's have a look at how things are breaking down. in terms of the asset classes, u.s. futures down 0.5% on nasdaq, focused on what is happening with tech given the run-up in yields. that takes us to the front end of the two-year, for the last 30 days yields are up at the front end. as markets start to price in potentially a hike for july. we have inflation data out next week. that will be consequential for the next steps from the federal reserve. euro-dollar 1.07, up 0.1%. the aussie dollar gains of close to 2% on expectations that there will be more stimulus comin

the u.s.-made avoid a recession but may face many stagflation. shery: city has dismantled its global analysis team. we are seeing a little bit of downside, not a lot of movement early in the asian session. this after the s&p 500 entered bull market territory, getting more than 20% from its october low. it was really about tech resuming those gains, treasury yields were down across the board. we have jobless claims numbers surging more than expected. that stock bullishness among retail traders also returning. hitting the highest level in about two years according to iqyi surveys. we are seeing crude rice is declining in the asian session as well. headed towards $70 per arrow. the decline already in the new york session, the u.s. and iran may be nearing a deal that could pave the way for more crude exports from iran. heidi: our next guest says that now that the targets have been reached, it is time for a quality shift. always great to have you with us. the quality shift, what this that look like

u.s. jobless claims climbing. janet yellen sees the risk of a u.s. recession dimming. and a tragic ending to the search for the missing vehicle. a somber note as we end the week . let's turn our attention the markets. we sell u.s. stocks and the day higher yesterday but the global sentiment seems pretty dour. it is not unusual to be consolidating in equities and do portfolio adjustments. fear of higher rates or a recessionary environment this summer that central banks will have to keep hiking rate. we saw that yesterday. the s&p over the last two days. we did climb into the close of yesterday's trade. we are back down. the asia trade, specifically japan, is far off. japan has been such a hot market in terms of equities. trading at the highest in three decades. in a comes to the bond trade, this has been strange. we had the u.k. rate decision. what we saw from american bond markets was when we had the jobless print come out, this was around here. into the close yesterday we drifted higher.

clearly, the u.s. is not going to meet moscow's conditions, cease support for ukraine before discussions can begin. but are there other gestures, steps, or in the terminology, on ramps, that the u.s. may be able to take? lynn: thanks, tom, for having me here today. i cannot see because of the lights, but my co-author is here. what we heard today -- it is useful to have that speech because there has not been a competency statement of the u.s. policy and positions on arms-control and nuclear policy since the nuclear posture review came out, and developments continue to proceed. so i think it was useful for them to lay out there thinking. -- their thinking. i heard a work plan for the end of the first biden term. it really did not have a long-term vision. it did not even -- it kind of had a lot of question marks for what happens after 2026, although there is a willingness to engage in a dialogue with russia, if russia will do so. i think the administration positions are probably more fully developed in te

u.s.ecretary of state blinken will meet with china's xi jinping as part of the rare trip to beijing and the top diplomat warns relations has hit a low point. >>> goldman sachs is lowering the full-year gdp forecast despite the boost to stimulus. >>> and european equities kickoff the week to the down side as they unwind last weeks gains ahead of another central bank week. >>> the paris air show returns with airbus and boeing battling it out for new orders and mobility businesses like stellantis is looking to expand. >> looking for more energy and power and less weight and less cost all of this is going to be given to the pay load of the aircraft. we see that what we are doing can benefit the aircraft industry >>> good morning happy monday the u.s. is out for holiday today. we are focusing on geopolitics namely what is happening in china. u.s. secretary of state antony blinken will meet china president xi jinping this hour relations with the u.s. are at a low point with the root cause is ame

since the u.s. education system is highly decentralized, it has a much less uniform approach -- approach to ai education than china. the u.s. is currently prioritizing computer science education more than ai. well this is an essential component of training talent to potentially perform ai work, china has shown is a step ahead through its incorporation of cs education into formalized ai study programs. these programs are designed to include some of the latest cutting edge ai research funding and are directly informed by partnerships with leading chinese ai companies. furthermore, research has shown that despite china's two decades of talent recruitment drives, nationals either do not return or do so part-time mostly due to weariness of working in china and potentially confronting workplace politics. a recent science study found that for those who return to the talent plan, recruits are are of high calendar and show a productivity on due to larger access to funding and resources in china. however, the

u.s. the legal experts addressed many questions about his case when he touches down in the u.s. >> prison life, the first look at elizabeth holmes, since starting her 11 year sentence for defrauding investors out of nearly $1 billion. >> taking the stand, prince harry ready to become the first british royal and 130 years in the witness box. his testimony against the tabloids. >> pint-size prodigy, 13-year-old golfer with a shot of landing the spot to compete in the u.s. open. a lot more than a stroke of luck. and finals fever, the race for the stanley cup opens up in las vegas. as the golden knights beat the florida panthers. tonight game number two of the nba finals, the nuggets hoping to build on their lead as they he tried to build the odds. >> live from abc news in new york, this is "good morning america". >> "good morning america" so great to have you with us, we are excited to help we will read at the desk. good to have you pick. >> exactly, is pageant wave it was good, great to have

we could see thin volumes because it is a holiday in the u.s. u.s.bond markets are closed to commemorate the pit -- the emancipation of enslaved africans. the german chancellor tomorrow will host the chinese from your in berlin. and china will have one year and five year loan rate decisions overnight. and jerome powell will testify before congress. we will also get the inflation numbers for the month of may in britain. the bank of england will make a rate decision on thursday at noon. stay with bloomberg as we bring you special coverage. and lastly on friday we will get a lot of pmi data. it is a crucial week for the u.k. with inflation data on wednesday and a bank of england rate decision on thursday. they could bring a halt to upward momentum in interest-rate bets. let's bring in john step it. congratulations, everything you write is interesting and controversial. i always tweet your notes out. what do we know about the headline inflation figures and what it means for the boe? >> this week we get an interest rate decision. the reason it is in the h

it is really the u.s.dministration policies that are impacting and driving constraints to sales at the moment. dani: i guess for you on the day ahead, you're going to be looking at that panel, right? what is andrew bailey going to say? lizzy: we had a mixed picture in u.k. inflation news yesterday. shot price inflation is coming down. we heard from the last standing dove on the committee, she is optimistic about the future path for u.k. inflation. at the same time, bloomberg economics changed its forecast to the best case scenario is a recession because of these higher rates. you can expect in the q&a with andrew bailey, he will be asked about a recession, is inevitable? i am sure he's going to be asked about his credibility, given that for so long, the boe insisted that inflation is going to be transitory. dani: not that anyone on that panel has it easy, but especially not so for andrew bailey. that is bloomberg's lizzy burden and rebecca choong wilkins. thank you both so much for discussing the top stori

the u.s. and china seem to be spiraling closer to conflict. the u.s. accused a chinese warship of cutting off a navy destroyer. the u.s. says both ships came 150 yards, less than 500 feet, of each other. the u.s. destroyer has measures to avoid a collision. close encounter lloyd austin called extremely dangerous. austin speaking at this asian defense summit in singapore. china rejected a proposed meeting. the only interaction, this handheadache. general lee had plenty to say after the near-collision. they are not here for peaceful passage, he says. tensions are high and getting higher. just days earlier, a mid-air incident caught on camera. a chinese jet dangerously close to a reconstance plane. the u.s. calls this an unnecessarily aggressive maneuver. china says it was accusing the plane of deliberately intruding into china's training area. washington rejects the territorial claims over all of the south china sea. saying the united states will continue to fly, sale and operate where international laws al allows. tensions raising, after a taiwan trip b

u.s. futures coming online in the asian session, muted at the moment as we saw a mixed finish in new york. the drop in tech shares continued driving u.s. stocks lower. tech companies -- we are further away from the level now. the nasdaq fallen for the first time in five sessions although interestingly we have the small-cap russell 2000 gaining for a second session. we have seen a couple of weeks of underperformance. we are watching treasury yields rising. the bank of canada rate hike decision. wti prices under pressure after rising in new york. data showing that u.s. refiners are increasing processing to the highest since 2019. here in new york, it has been an apocalyptic site. there's pretty much an orange fog all around coming into the office today, people wearing masks something you haven't seen since the height of the pandemic. we are seeing air quality new york, we are told the worst of any major city in the world according to one measure. new yorkers were not necessarily used to this

the u.s. and there was a lot of options activity on friday when we had the triple witching on the opex, so perhaps some activity in the qqq a large trading vehicle that investors use of this flow could have had to do with that but regardless if there were investors who exited the fund, they have timed that well. haidi: emily in new york. annabelle in hong kong with the latest on the markets. uh in china has begun a fresh -- and chain -- china has got a fresh run inspections to determine how much local governments on a sign that authorities are taking concrete steps to tackle the key financial risks and sources say local officials will be pressed to come clean about hidden debt as national leaders attempt to get a fuller picture of liabilities which we know have only built as a result of the cost of maintaining covid zero. but still ahead we get a closer look at the indian prime ministers u.s. visit and the center for strategic and international studies tells us how impact will be between natio

. >> our u.s.olleagues will have more with gary gensler at 15:00 cet. >>> the s&p 500 closes lower having hit the highest intraday level since august. >>> and manufacturing comes in soft in germany and spain and christine lagarde says it is still too early to call a peak in price growth. >> underlining inflationary pressures remain high. although some are showing signs of moderation, there is no clear evidence that underlying inflation has peaked >>> good morning welcome to "street signs." apple revealed the headset after years of speculation the first hardware launch in almost a decade. it will cost $3,500 when it is released next year the company touted the use in gaming and working shares fell from earlier in the morning. ceo tim cook hailed the potential of the technology. >> this is the day that is years in the making. one that i've been looking forward to i believe that augmented reality is a profound technology blending digital content with the real world can unlock experiences like nothing

a u.s. debt default. not to mention we got a mixed jobs report. take a look at how crude prices are coming online. upside of almost 3%. this after we heard from saudi arabia that they will make the additional cut in oil production and do whatever it takes to bring stability to the oil markets. let's bring in su keenan for more on opec. interesting the saudi arabia taking the burden while the rest of the group did nothing. >> that alone is a surprise and the wording the saudi's will do whatever it takes is what is pushing oil higher. it is all about protecting the price of oil, the take away from the opec meeting is saudi arabia is doubling down after the previous cuts which cut the market by surprise two months ago failed to deliver a sustained price rally. we have saudi arabia reducing output by an additional 21 million barrels a day -- additional one million barrels a day in july. the saudi's to cede important ground to two important allies cared russia which made no commitment to cut outp

u.s. china. we are live in beijing with a look at what both sides hope to achieve. >>> texas governor greg abbott says he has never seen devastation like what we're seeing in the town of perryton. recovery efforts happening now and why officials say the tornado sirens meant to warn people there failed. ♪ jitterbug! ♪ [ giggles loudly ] ♪ jitterbug! ♪ [ giggles loudly ] [ tappining ] ♪ you put the boom-boom into my heart ♪ intuitive sit-to-start in the all-electric id.4. it's the little things, it's a vw. for people who are a little intense about hydration. neutrogena® hydro boost lightweight. clinally proven. 48-hour hydration. for that healthy skin glow. neutrogena®. for people with skin. >> woman: why did i choose safelite? i love my electric car, so when my windshield got cracked, i trusted the experts at safelite. with their state-of-the-art technology, they replaced the windshield, recalibrated the car's camera, and then recycled my old glass. i found out safelite recycles over three

how does the u.s. go to fix the brakes in a china led challenge to make the west and the united states we can? >> we have long stood for the >> -- we have long stood on the proposition that the country should -- it is something we stand strongly for an defended for a long time. when it comes to the bricks, we are engaged with leading members and the prime minister of india will be in washington for the first day visit and we offered a visit to president lula in washington months ago. we are engaged across the board with numbers of bricks and we will continue to do that. >> the next question is nike ching with voices of america. >> good evening. i am taiwan. how was taiwan discussed with the chinese president xi jinping. u.s. officials have said a conflict in the taiwan straight will be quote -- "a global concern." should a democratic election be a pretest to any escalation in the taiwan straight. how do you respond to china's position that taiwan is a internal issue and not an american concern and in w

meantime back here in the u.s., one of the most notorious spies in u.s.istory has died at a super max history in colorado. robert hanson sold u.s. secrets to the soviet union and then russia, earning more than a million in cash and terry moran. >> he was a double agent responsible for one of the worst intelligent disasters in u.s. history, robert hansen arrested in virginia in 2001, after making one final drop for the russians. this morning, officials say the infamous former spy was found dead in his cell a maximum security prison in colorado. he was 79. for more than two decades, robert hansen sold troves of the nation's secrets to the soviet union and later to russia. he used aliases, ramon garcia, jim bakker, and to his russian handlers, just dear friend. the pay million dollars in bank funds and diamonds. >> the person who was investigated, arrested, and charged is one of our own. >> and the consequences were deadly. officials say hansen gave the kgb the identity of one of america's best intelligence sources inside the soviet military, later executed

u.s. production of goods. this is just over two hours. the subcommittee will come to order. good morning. thank you, ranking member blumenauer and to all the witnesses as well and members for being here today, today the subcommittee hearing is an important step the house ways and means committee considers updates to custom laws to ensure the customs and border protection has the right processes in place to ensure the laws effectively, facilitate legitimate trade and provide clarity. congress has periodically made meaningful updates to customs laws. however, it's been 30 years since the last comprehensive overhaul. in the three decades since, we have seen the emergence of e-commerce, major supply chain challenges that stemmed from a global pandemic, changes in consumer behavior in the rise of china is a much larger player in global trade. congress must do more to secure the key supply chains, modernize how and with whom we trade and hold china accountable for its abusive trade practices. i'

u.s. stocks and with rotation into financials broadening the rally, small caps beating out the tech heavy nasdaq for the second time in three sessions. a bloomberg scoop, china asks big banks to cut deposit rates, escalating efforts to boost a faltering recovery. the sec widens its crypto crackdown, accusing coinbase of running an illegal exchange. monetary policy still top of investors concerns. the rba really proving that central banks have the ability to shock and off. this is the backdrop against which we are coming to you from the morgan stanley australia summit. higher rates for longer, the ratcheted up expectations, risk of recession in australia, how that is playing out for their businesses. a lot of great guests coming out, including the morgan stanley australia ceo. shery: let's take a look at how we are opening in the asian session. this after we saw the downside pressure when it came to the s&p 500. we had rotation into financial shares which lifted the s&p 500. more on that ve

francine: that is former u.s.tary of state henry kissinger speaking to bloomberg's editor-in-chief john micklethwait. you can watch the full conversation with henry kissinger at 100 years this weekend on bloomberg tv and our website. after meeting at london tech week do business leaders think about the future of the tech sector in the ok? the founder of tech london advocates ross shaw -- ross shaw joins us next. this is bloomberg. ♪ >> the message that i have a business is three things. first of all i can assure you , the government remains absolutely focused on the job at hand. secondly, that we have worked to bring back that stability to the u.k. economy which people rely on, and thirdly, you have than the prime minister and chancellor and deputy prime minister people that want to ensure that stability, who get tech and who get the opportunities and are determined that we seize them to drive the prosperity of the nation. francine: deputy prime minister oliver dowden speaking to lizzy burden at london tech week.

amy: u.s. lawmakers have invited indian prime minister narendra modi to address a joint session of congress later this month. the invitation came as u.s. defense secretary lloyd austin met with his indian counterpart in new delhi, pressing cooperation with india in the face of growing military tensions between the u.s. and china. >> today the u.s.-india partnership is a cornerstone of a free and open end of pacific. our deepening bond shows how technological innovation and growing letter cooperation between two great powers can be a force for global good. amy: in the israeli occupied west bank, a two-year-old palestinian toddler has died after israeli soldiers shot him in the head last week while he and his father sat in a car outside their home in nabi saleh. israeli forces stormed the residential neighborhood and started firing indiscriminately, hitting mohammad tamimi and his father, who was also seriously wounded. tamimi succumbed to his wounds monday, four days after being put on life supp

>> this means the u.s.overnment will be able to pay its bills on time, including to millions of americans for social security or medicare. the president today signing into law the fiscal responsibility act after it passed congress this week with bipartisan support. this law suspends the nation's $31 trillion debt ceiling until january, 2025. it places new limits on federal spending, rescinds irs funds, expands work requirements for some americans on food assistance, and in august it formally ends the pause on federal student loan payments. an 11th hour conclusion to a tense deal that biden brokered with house speaker kevin mccarthy. still, though, a major credit rating agency warns the brinksmanship could threaten the nation's top notch credit rating. whit? >> still a concern to watch. elizabeth, thank you. next, four people are in the hospital after a partial building collapse in new haven, connecticut. new video obtained by abc news shows construction workers frantically trying to save each other. three p

u.s. economic interests. as well the strategic location and close ties to the u.s. present an opportunity for businesses to reduce expenditures of both time and money and streamline production and expand market potential. it's in the interest of the u.s. and the americas after estimates the bank at an annual $78 billion of additional exports of goods and services in latin america and the caribbean. while it presents a major opportunity, translating the rhetoric into reality has proven more challenging than expected and that must be addressed. so far success stories like the new tesla factory appeared to be more of an exception than the norm so what's part of the solution? we believe in these three sets of conditions that must be in place to materialize and sustain. first we need to think of international push factors and domestic pull factors the invasion of ukraine growing environment, social, government requirements and u.s. policy efforts to push supply chains towards latin america and

u.s. efforts, saudi efforts, u.s. ae efforts, cooperation between these countries worried about iran's hegemony in the region. mark: can i take you back to the opec issue and the iran issue? which of these two is the most disturbing from washington's perspective? >> the u.s. does not mind the exchange of embassies or ambassadors and the reopening of embassies between iran and saudi arabia. iran is not entering an alliance with saudi arabia and saudi arabia is not embracing iran. what they are doing is de-escalating. they are diffusing tensions because it is in the interests of both parties not to do that. the saudi's also among other things are trying to convince the iranians that even if they were to make an attack on nuclear facilities, which israel keeps threatening, that retaliating by striking saudi arabia or the uae would be a misstep. they are sort of trying to get out of the way up possible israeli retaliation. washington does not mind negotiations. it does not mind diplomatic relations. it even was not that u

the u.s. house of representatives have passed the debt deal 314-1 17, it now goes to the senate as the deadline draws nearer. bail, the timeline for a vote in the senate, could there be any last-minute pledges? -- glitches? two thirds of house republicans voted, democrats came on side, what is the glitch? >> pressure is easing in terms of the debt ceiling crisis. but i would still expect one or two senators to try and throw a wrench into the works in the coming days as this heads to the senate, where even one lawmaker has kind of outsized influence. that said, it would be surprising if the final legislation isn't on the president's desk by this weekend, ahead of that monday deadline for the u.s. to have the debt ceiling. dani: we also saw the fact that more democrats voted for this than republicans. what does it mean for speaker mccarthy, and his position, given the democratic support to get this passed? >> speaker mccarthy got about two thirds of republicans in the house to vote, but that is

the u.s. and china will go to war over china. we have made it to the end of the weekend american equity is raging. back above 44,000 on u.s. stocks. in this economy when things are slowing down, microsoft hitting a new high. all the big tech names that got us to this point. there is that futures picture, more calm this morning, we have come in slightly from the ramp up yesterday. perhaps after the ecb conference and decision, we decided in retrospect the fed was dovish, compared to the ecb. that allowed the tech stocks to rally. it also decimated the dollar yesterday. let me show you what that euro-dollar did, is strengthened more than 1% versus the dollar. in today's session, more flat. we are taking profits on the euro but this shows you the differential between those two central banks. the other central bank we got, that is acting dovish is the bank of japan. we had no change in that policy. this is where the decision happens. you see the dollar strengthened against the yen. let's get into

the two cohead before are based in u.s.. >> now what is in europe and the other in the u.s.xpansion. it is to give more attention to europe. u.s. remains critical to us and we want to maintain the position. shery: wells fargo is looking at opportunities in the sector. annabelle joins us with details. we hear the so-called detour could be over. annabelle: this is really a statement we have seen investors and they are avoiding the sector but the view from wells fargo is one we heard from a veteran analyst but joining us to talk about the opportunities coming through in the sector and reflected in the chart is the two index versus the s&p 500 and you can see the over performance in the last four weeks and mark says this is the time now to jump back into the sector. when you have nearly 5000 banks in the u.s. it's par for the course but he is saying we will not see any more banks that are failing in the s&p 500. when he looks back at the bank failures from this year he says it was down to idiosyncratic risks in terms of top picks to he says jp morgan, citigroup and u.s. bancorp

and the, u.s. people who are going to work in semiconductors come from a broader array of disciplines. this includes at electrical engineering, physics chemistry information engineering. in china, especially with the i-10 focus on meeting specific industry needs, there is a greater emphasis on micro electronics as a whole, with a little dose of physics. with some exceptions, depth is emphasized over breadth. as the technologies deployed in the sector become more and more complex, the chinese approach may prove in the short term to be useful, but may not be pointed in the right term direction in terms of the long term needs. there is little doubt that china has made a comprehensive commitment to address its talent shortage in terms of the entire value chain of the semiconductor and icy industry. achieving self reliance indeed is a strategic natural priority. which ayanna come with a grand solution to meet its needs for developing and advanced semiconductor industry? china has sought to utilize the s

the u.s. says it is sending more armored vehicles, as well as artillery shells and air defense missiles, to ukraine following heavy losses as its counteroffensive gets underway. meanwhile, "the wall street journal" reports the biden administration will also send depleted uranium tank shells to ukraine. depleted uranium, a by-product of the nuclear enrichment process, is dangerous to human health when inhaled as dust or shrapnel and can contaminate water and soil in the surrounding environment. climate activists in johannesburg, south africa, protested at the offices of standard bank during its annual shareholder meeting monday, demanding the bank halt any financing to the proposed east african crude oil pipeline. the 900-mile pipeline would carry crude oil from uganda to tanzania before being exported to refineries in rotterdam. france's total energies and the china national offshore oil corporation are behind eacop and working with ugandan and tanzanian state-owned oil firms. kumi naidoo, the

how does the u.s.to a path of more clarity, whether that is with the cftc stepping in, congress, the court case, maybe the elections in 2024 change this as well. our partners have been great to work with. we are not going anywhere. sonali: do some of these potential pressures on the industry go away with the potential change in administration? brian: it is possible. i think the sec chair is a bit of an outlier in the u.s. government. congress seems interested in crafting legislation. the biden administration put out an executive order saying we recognize the potential of this technology and we want to make sure the risks are mitigated. they asked the branches of government to introduce this. we are seeing some of the presidential candidates for next year starts to talk about their stances on crypto and how it should be regulated. there is a good chance this becomes a relevant issue in the 2024 elections. sonali: this could be an overhang for a while when you look at how long this could play out, not ju

the u.s.ay need a couple more rate hikes before the year's end. chair powell: it only makes sense to move at a careful pace. we don't want to do more than we have to come a but overwhelmingly, we do believe there are more rate hikes coming. we want to make them at a pace we see incoming information so we make good decisions. haidi: let's bring in from washington -- that point -- the interview with janet yellen saying that slowdown in consumer spending may be the price to pay and maybe what we need to see next. >> both janet yellen and jerome powell seem to be true believers that the u.s. can pull off a soft landing. that they canendqa get inflation down. at the moment, jerome powell in those two days said they are still willing to push up rates because the economy is holding up well. consumers are doing ok, so he said as a result if they need to and if the dow suggests, they may raise rates one or two times. a direct message for him in terms of what it is going. the treasure teeth -- so far, t