also, u.s.nd european commitment to financing here in europe when there are other global aspirations and attention needed with concerns with china and others as well a host of issues no doubt about it, at the epicenter is the issue of the relationship with ukraine and nato going to look like. back to you. >> steve, a comprehensive report thank you for your time. they will continue to unpack this with joe biden starting off in the uk and headed off to the nato summit. steve sedgwick taking that story on for us. >>> coming up on the show, could a spinoff be the boost that bayer needs? we'll discuss that next. start your day with the headlines in your inbox. cnbc newsletter "the daily open." subscribe at cnbc.com/dailyopen or sn e ce yr cathqrodonou screens now. when we started selling my health products online our shipping process was painfully slow. then we found shipstation. now we're shipping out orders 5 times faster and thanks to shipstation's discounted rates we're saving a ton. honestly, we

u.s. data privacy framework it is in agreement and the continuing data between the countries while protecting individual rights and privacy. the atlantic council hosted this virtual conversation. >> it is the fastest growing -- one of the fastest growing sectors of our economy for both 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 dat

u.s. officials are saying. could this disrupt u.s. efforts to get other american detainees home? >>> the tentative deal announced to avert a strike at ups that could snarl deliveries nationwide. >>> the images. a tense encounter over syria involving a u.s. drone and a russian fighter jet. >>> the new twist in the idaho college murders. the defense suspect bryan kohberger has an alibi. >>> 82 million under alerts. off the coast of florida, water temperatures hitting more than 100 degrees. the urgent rescue mission under the sea. our nbc news exclusive. a rare inside look at u.s. missions to train troops fighting on the new front line of terror. >>> and nearly 70 years after the lynching that galvanized the civil rights movement, the new national monument in honor of emmett till. >> announcer: this is "nbc nightly news" with lester holt. >> good evening and welcome. a life-and-death scare involving the 18-year-old son of nba superstar lebron james has shaken the sports world tonight after th

but u.s. district judge jon tigar has delayed his ruling for 14 days, keeping the policy in place while giving biden officials time to file an appeal. tigar's decision was praised by immigration rights activists, who've condemned president biden for supporting asylum bans similar to those enacted by president trump. the new asylum rules went into effect in may, replacing the contested pandemic-era title 42 policy, which was used to expel nearly three million asylum seekers at the u.s.-mexico border without due process. biden's measure also forces migrants to make their asylum appointments on a customs and border protection smartphone app that applicants say is riddled with issues and raises serious concerns over privacy. the aclu said "the ruling is a victory, but each day the biden administration prolongs the fight over its illegal ban, many people fleeing persecution and seeking safe harbor for their families are instead left in grave danger." in ukraine, former u.s. marine trevor reed, who

u.s. recession. exclusive interview in a moment. evergrande revealing losses topping $18 billion as the developer releases results. >> ceos of the world's biggest chipmakers pushing back. that was really to do with perhaps more optimistic comments from secretary yellen, not to mention renewed speculation the fed will need to really end its tightening. that is a big debate ongoing right now. we saw treasuries gaining ground . we are getting into earnings season. oil prices holding about $74 per barrel after we saw pressure in the new york session. we had the restart of supplies but again it is a disappointing chinese economic data leading to concerns about global demand for oil. really those concerns being elected also in comments from secretary yellen about spillover but she seemed optimistic that will not lead to a u.s. recession. she spoke exclusively with bloomberg tv from the sidelines in the g20 finance ministers meeting. >> the united states, growth is slowed by the labor market cont

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 that a russian fighter jet damaged an 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, i

u.s. and china right now? there are a few places better than the western pacific onboard the aircraft carrier "uss nimitz" to find out. >> is the u.s. navy ready? >> we are ready, yes. i'll never admit to being ready enough. >> tonight, the commander of the united states pacific fleet talks about the state of the u.s. navy, china's growing fleet and new long-range missile systems, and what our top gun pilots are seeing in the sky. >> how aggressive has china become in the air? >> aggressive. >> is it your hope that the power of the u.s. navy, the force posture of the u.s. navy, will deter a chinese invasion of taiwan? >> it's not my hope. it's my duty. >>> rocco commisso doesn't suffer fools. but like most italian soccer fans, he does suffer. four years ago he bought the team in florence, where game day is filled with more agony and ecstasy than a puccini opera. when commisso bought fc fiorentina, it ticked two boxes. first, it was a bargain for a european club and second, it met the deman

with the u.s.nflation 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 activi

u.s. data privacy network. it is an agreement to continue data flows. atlantic council held this conversation. >> the u.s. and eu are each other's leading partners in trade and digital services doing more business with each other than they do with others including china. this makes the rules surrounding international transfer of personal data an important >> the last few years however data transfers from europe to the united states have been under legal threats. the hallmark european privacy law and the gdp are requires a review of the data of eu residents to protect the data by taking certain measures even at -- even if the data is transferred outside of europe to the u.s. or india or somewhere else. concerns have been expressed that data transfers to the u.s. might be caught up in bulk surveillance by national security agencies. twice european court of justice has ruled the existing mechanism to protect data transfers to the u.s. is insufficient. the last three years the u.s. and eu have

u.s. president joe biden is in london, at the start of a crucial foreign- policy trip. we will have a preview of his first meeting in the coming hours. high on the agenda at a nato summit, later, the question of when, and how, ukraine could join the alliance. we will look at where a compromise could be found. >>> and, from dangerous floods to show sweltering heat. tens of millions in the u.s. are under threat of severe weather. >>> live, from cnn center, this is cnn newsroom, with rosemary church. >>> we begin this hour in london, where u.s. president joe biden is kicking off a high- stakes weeklong overseas trip. he will be meeting with british prime minister rishi sunak in just a few hours, in a visit aimed at bolstering the relationipetween the u.s. and uk. mr. biden will head next to lithuania, where a critica nato summit is set to focus on russia's war to ukraine, grinding on right on nato's borders. the u.s. president will wrap up his trip with a visit to finland. cnn has more detail

the u.s.nd 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 lv

they have raise the chance of u.s. avoiding recession from 75% to 80%, off the back of encouraging macro data, core inflation coming in well down. the most encouraging sign, so backing up janet yellen, b u.s. treasury secretary saying she doesn't expect recession either. but she has said the china's slowdown will ripple through the global economy. dani: even marko kolanovic at jp morgan now says there is a wider path to a soft landing. maybe he uses a contrarian indicator these days, considering he became a per my bear when the market sold off. valerie: maybe that tells you the peak of optimism is in if kalon avenges calling for a positive story. not everyone is upgrading forecasts. citi is calling this soft landing optimism premature, and thinks inflation will accelerate sometime later this summer in q3. dani: i want to quickly mention -- i broke novartis earnings earlier but i want to mention a redhead. they raise their full your outlook and are announcing a $15 billion share buyback. switching up other top stories,

u.s.er has been detained after crossing the border without authorization. u.s. officials say the soldier crossed the militarized zone between north and south korea while on a tour. the area is heavily fortified the army has identified the soldier as travis king. he was reportedly being escorted back to the u.s. for disciplinary reasons before he turned around at the airport. a witness who is part of the two accent he saw the soldier laughing while running across the border. lloyd austin confirmed the soldier did cross the order willfully. >> we bieve he is in custody. we are closely investigating and monitoring and working to notify the soldier's next of kin and engaging to address the incident. in terms of my concerns, i am for most concerned about the welfare of our troops. we will remain focused on this. this will develop in the next several days. >> our north america correspondent sean daley was at the pentagon briefing earlier. what more do we know about the circumstances of the soldi

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 wa

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 ci

the u.s. and moving forward and we will be. >> thank you. he used a particular inside word . that word is a hebrew word that refers specifically to jews of eastern european origin. and in the context of the united states, jews is all white. >> yes that is the origin of the word. on the one hand we might think that flags or signals white but on the other hand you think about the jewish families in the u.s. where you have one white parent and one parent of color. their kids are going to be jewish people of color with culture . but it codes for white . >> i think you are touching is something so important. racism is so complex and in the north american context. when we talk about something like this this says there is a way we aspire to something or something declared as mainstream. i know it is a complex question but what does it mean in our own context to assimilate to something that is perceived as normative but we say it is not completely and a jewish person of color is not just a person of a

the u.s.onsumer is showing more resilience than expected last month, with a strong labor market and some easing in inflation offsetting high borrowing costs and rising prices that eat into paychecks. our global economics and policy editor kathleen hays is here with the numbers. earlier we talked about how retail sales disappointed. but we are talking about the headline #know kathleen: when you look under the hood you see a slightly different picture. let's see how important retail sales for consumer accounts, about 70% of the u.s. economy. when you see the slowing there, you have to be worried about a broader slowdown in the economy. june retail sales, 0.2% on the headline, down from 0.5% in may, and down from the forecast of 0.5% in june. but there is a very important metric used to gauge u.s. gdp. this is what shows the more resilient consumer. it is a controlled group, what the commerce department uses when they are toting up gdp. it takes at restaurants, car dealers, building materials and

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 political and humanitarian experts and also with the defense industry, civil society leaders and academics. senior internationally respected researchers have prepared for the case studies one on afghanistan, another on mexico, a third on ukraine and a fourth and uganda and the court interdisciplinary team of experts has compared the experiences of the countries pulling out patterns and commonalities that together paint a concerning picture. around four conceptual blocks and the four case studies i've mentioned. the first section examines the reasons to try to capture security sectors. the second describes the mechanics of the capture, how it actually happens on the ground. the third section analyzes the short,

the u.s. when it comes to news, because obviously, everyone in the u.s. and around the world is concerned about inflation. is it coming down? it is interesting he is more upbeat on the outlook, he said. he does see progress made on inflation. after seeing all that in more ways than one, saying it is not realistic to think you can continue to bring down inflation without some kind of cost to the labor market, bring down inflation closer to its 2% target on friday. we got the personal consumption expenditure report. that includes what spending is doing and what consumers are doing. this terminal chart also shows you that inflation, these are what the markets are watching so closely now. what you can see happening here is that the core pce cut down to 4.1% year-over-year. that is great progress. the headline got down to about 3%. on a monthly average, this is important because year-over-year, look at the latest few numbers. what is the trend now? even lower, as you can see there. the problem, as

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 u.s. trading day. bonds are bid, the u.k. leads global rates lower. can we see the makings of a dollar revival. goldman sachs is in the rearview and regionals are tricking out and netflix and tesla are due after the bell. we will preview results. merger crackdown, u.s. antitrust agencies proposed 13 new guidelines in a sweeping overhaul to curb consolidation. the doj's jonathan kanter joins us to discuss. kailey: from new york, guy johnson is in britain and we are in the thick of it when it comes to earning schism but paying attention to the data in the macro picture and how that is filtering through the bond and fx markets. guy: it's interesting things are doing as well because goldman sachs felt like a kitchen sink. two things get better from here? the data is interesting as well. you have slightly hot earnings out of the euro zone for the u.k. numbers are below 8%. that calls into question whether the bank of england needs to go as far as the market had anticipated. the pound is been a

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

u.s. lawmakers are increasingly concerned over u.s.d workers choosing to take their talents north of the border to canada. many big immigrants -- many immigrants come to the country through programs that provide no permanent path to u.s. residency. cana launched an initiative to draw and high skilled workers from the u.s. and reached its capacity for applicants in less than 24 hours. i spoke with congressman lofgren from california. >> america is just going to lose. the canadian recruiters have been down here for a long time. picking off the best talent to go to canada. the only thing that's different is now the canadian government has made an official pathway which is new. it's not new that talented immigrants who can't get their legal permanent residence have been lured off to canada that does allow them to gain residence. that's why the tech economy in toronto is currently growing faster than the tech economy in silicon valley. it's just american stupidity. >> have you heard concerns from american business leaders? >> constantly. no

that required handling on the ground by u.s. diplomats and military personnel.n some ways, the taliban did cooperate in trying with the evacuation of the foreigners. there were real problems in that, because of the legacy they had left their, their rule in the 1990's, which ended with the u.s. invasion. afghans went into panic stricken , this was a fundamentalist, islamist movement that had imposed this incredibly authoritarian system on the country in the 1990's. people remembered that. people remembered -- afghans remembered how women were treated under the taliban. we have seen now a replication of the treatment of women by this movement. so, there were throngs of tens of thousands of afghans trying to get out, trying to get into the international airport, which is in the city. thronging the parameters of the airport. at one point, tragically, and islamist state suicide bomber made his way into the middle of this throng outside of a gate called abby gate and k

three u.s. marines found dead in a car at a gas station. >>> the urgent search tonight for a missing american sailor. the coast guard finding his capsized boat. >>> outside new york city, the serial killer case. the search of that home and what authorities have now revealed tonight. >>> in newark, the new images emerging. the explosion at an apartment building reduced to a pile of rubble and debris. several people hurt. >>> the powerful moment at the white house on what would have been emmett till's birthday. president biden honoring till and his mother with a new national monument. and what the president said about efforts to change the way children are taught about painful parts of u.s. history. >>> and america strong tonight. the bride to be, and the two people she was determined to get to come to her wedding. and they said yes. >>> good evening and it's great to have you with us here on a tuesday night. the latest on lebron james' son in just a moment here. but we do begin tonight with the s

u.s. treasury secretary janet yellen arrives in beijing for talks aimed at easing economic tensions and reopening communication between the two biggest economies. meta-aims at twitter with the launch of instagram's threads. good morning, welcome to thursday. if you are just waking up to those fed minutes, i'll take you through the market reverberations. the main conclusion was the division between policymakers. that june pause not so unanimous and it looks like more hikes are in the pipeline. the hawkishness weighing on investor sentiment. two-year yields sneaking up to 5%. for percent i should say, the 10-year flirting with four -- 4%. u.s. equity futures pointing to a lower opening this morning as investors await jobs data ahead of the crucial nonfarm payrolls tomorrow. you have janet yellen in paging, the question is will she make the situation better before she leaves on sunday? speaking of asia, sentiment has failed over to the asian session. the hang seng is being declines, traders j

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 an

u.s. china ties on a sure footing saying washington's message on trade ants my chains has been heard -- trade and supply chains has been heard. yvonne: we are live at the taiwan stock exchange in taipei speaking to sherman lane, the chairman and ceo talking about what the second half is going to look like after the bull run on chinese -- on taiwanese stocks. we are speaking to the yon tin securities investment chairman. just mark the 20 anniversary of his first launch of an etf. we talk about outlook for etf's and beyond. david: the godfather of etf's. #life goals. market boards looking like this. it really has been a lot of issuance. they have a lot of interesting etf's. we were looking at that for the show in terms of what the market looked like. my producer has an etf he cannot refuse. 4% up on alibaba. tencent up for sent. 2% as well. foot the words if we can. the inflation story about half an hour back. producer prices -5.4 which takes you all the way back to the cycle of 2014, 2015,

u.s. ambassadors, including a previous representative to ukraine, look on aspects of corruption in foreign governments. and the misuse of aid money provided by the united states. from the u.s. institute of peace, this is about 90 minutes. >> good afternoon, we're very pleased to welcome everyone to the launch of -- report on the lead capture and corruption of security sectors. my name is elise grande, on the head of the united states institute of peace, which established by the u.s. congress in 1984. as a national, nonpartisan public institution, dedicated to helping prevent, mitigate and resolve violent conflict abroad. we're delighted to be joined today by assistant administrator for the bureau of conflict prevention and degradation at usa ip. robert's incan, who's been a partner on this -- the report relaunching today is produced by a study group, that was led by four distinguished co-chairs. u.s. ambassadors and patterson, -- and bill taylor. like many other countries, the u.s. ends up

should the u.s.d 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 si

tonight, the u.s. is responding to north korea's new threats saying unlike north korea's actions, the u.s. efforts to improve the defense posture and protect citizens with the submarine is not in violation of u.n. security council resolutions. david? >> david: martha raddatz reporting live from seoul, south korea, tonight, extraordinary reporting, thank you. >>> now to ukraine, and tonight the pentagon confirming american-made cluster munitions are now being used on the battlefield there. james longman tonight in ukraine. >> reporter: tonight, the pentagon confirming ukraine is using u.s. cluster munitions for the first time on the battlefield against entrenched russian forces. at this rear position in southern ukraine, more american weaponry is readied for deployment. this is the u.s.-made bradley. it's a piece of equipment that ukraine values really, really highly in this counter-offensive, because it keeps its men safe whilst being able to go on the attack. the armor much more effective, says the op

u.s. and around the world. i'm max foster. bianca is off this week. just ahead -- >> it was a wild day of twists and turns. hunter biden entered the federal courthouse behind me wednesday expecting to put a five year criminal investigation behind him. >>> judges can not approve plea agreements. >> all the heat is moving to the east. >> i don't know how anybody gets anything done. >> feels like you're standing next to an open oven. >> we're not bringing little green men into the hearing. >> do you believe that our government is in possession of uaps? >> absolutely. >>> live from london, this is cnn newsroom with maxes s fosted bianca nobilo. >>> it is thursday, july 27. in wilmington, a u.s. judge has left hunter biden in legal limbo. he is facing two federal tax charges. he was hoping to finalize a plea deal that would have kept him out of prison but the judge wasn't convinced. now they have to try to salvage the agreement. sara murray has the story. >> reporter: after a ftumultuou day in

the fed and china put the u.s. stock rally on pause. haidi: u.s. listed shares of chinese company's slide as beijing pledges to rebuild shattered private sector. shery: in the senate, votes to block china from buying oil from u.s. stockpiles with beijing increasingly reliant on russian fuel. look at how u.s. futures are coming online in this session after a mixed close on wall street, the dow slightly higher, s&p 500 falling. disappointing tech earnings being fed through the market with the nasdaq 100 losing more than 2% today. we also had those numbers showing resilient labor market, sending treasury yields higher. that unexpected drop in weekly initial jobless claims leading to traders pricing in higher odds of the quarter-point rate hike beyond next week. look at the 10 year yield at the 385 level. we are seeing a little upside for u.s. oil prices in the asian session and extending those gains we saw in new york. it was a choppy trading session with dwindling liquidity. the expiration of the wti august contract being felt across oil markets. hai

in washington, u.s.rth 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

u.s. geological survey, up at that 45% of the faucets have pfas, only 32 can be detected in lab tests. the chemicals are linked to several major diseases, including cancer. >> bill: aishah hasnie has a closer look at the study, should we panic? >> no, but you should pay attention, everybody should. watch the story and then talk about it with your friends and family. it's an important one. first of its kind study, u.s. geological survey tested tap water from homes and private wells and homes that use public water systems, like city water, probably what you use at home. and they found the pfas are in nearly half of the tests. that's a lot. these are chemicals that stay in your body and the environment for many years, they don't degrade. they are in the rain, they might be on your pots and pans if you obviously wash them with water and definitely could be in your drinking water. they could cause cancer. it's connected to kidney and testicular issues, high blood pressure, low birth weight in b

u.s.ole isn't large enough, (202) 748-8001. if you think that u.s. has its place in international order about right, (202) 748-8002. the number two text is (202) 748-8003. if you do, include your name and where you are from. catch up with us on social media. a very good tuesday morning. president biden is in the louisiana -- lithuania capital. in his remarks at that ceremony, president biden discuss the work to be done in the days ahead of the nato conference. [video clip] >> we take -- nato takes, all of us take article five literally. one inch of nato territory means we are all -- are all in war together. i want to thank you for hosting this summit at a important time, the first time that nato leaders will meet with the -- together and looking forward to meet soon with 32 members with sweden. the leader of sweden was in my oval office not long ago. i am hoping this occurred when it did. in the coming days, we will discuss a range of issues about the strength of nato's eastern flank and m

shipment outside of u.s..s is bloomberg. ♪ caroline: time for talking tech. mark sir is facing scrutiny in china. a social media account published as scathing editorial. the editorial emerged after the wall street journal reported that meta was in talks for tencent holdings. zuckerberg has criticized chinese censorship and meta and tencent didn't respond to request for comment. spotify ceo has raised over $65 million to expand its -- his medical startup. the startup provides full body scans. rivian started delivering the electric bands and makes from amazon to europe. amazon will roll out more than 300 delivery vans in the coming weeks to german cities. joining us to this -- to talk through that is craig trudell. >> it is absolutely a big deal for rivian and any time there can be a reminder of the ties to amazon and the role amazon plays as a big customer is a good thing for rivian and not that folks who know this company well and know this company will forget that -- and follow this company will forget that.

the u.s. economy, he says they will do the 25-basis point hike. inflation is not under control yet. let's listen. robert: if i were at the fomc, i would do that also. while inflation has improved and the economy is very much an bag, manufacturing and anything interest-which sensitive is we, the service sector is very resilient. the concern is that the services-sector inflation is going to be sticky. kathleen: so, robert kaplan says a hike in july, then they will watch the data. one of the biggest things is the fact that the fiscal stimulus from things like the inflation reduction act, all the other money that is in the economy showing up across the country in construction, helping to boost wages. people leaving target and walmart at $22 an hour to go and work on a construction site for $35, that is a factor. it will be interesting when we hear from jay powell after their press conference next week and their decision. haidi: and in japan, you can't keep speculation down. governor ueda are again

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 incomin

even the chart of u.s. cpi and eurozone cpi versus china ppi, china is a manufacturing base, factory base and the u.s. is the consumer base, and over the last 20 years, if you chart u.s. ppi versus china ppi, the correlation is strong. directionally, they stayed the same. one is higher at the moment. both are in negative territory. 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 mar

u.s.rd highs with heat alerts affecting 100 million people in 15 states, from the western u.s. to south florida. greece, the country's most popular tourist dtination was closed to protect visitors. temperatures reached 120 fahrenheit. in italy, red alerts have been issued for rome and nine other cities. reporter: the health authorities have issued a red alert warning for tent cities today. that is going to go up to 40 cities tomorrow. people are advised to stay indoors in the afternoon, to drink plenty of water, avoid coffee and alcohol and to check on the elderly neighbors if they live alone. it is the middle of july. there are lots of tourists in italy. many have told us they are not following this advice. they have come here on holiday from japan, australia, the u.s. they don't want to spend hours inside their hotel rooms, not eating or drinking italian food or wine. what we're seeing is several tourists who have collapsed in the last few days because of heatstroke. because of climate c

the u.s. has been absent -- exerting on china over the past several months. we've seen various sanctions come into play here. we've also seen ways in which the u.s. has been trying to curtail chinese access to other technology. that will all play into some things that yellen will have to contend with. the treasury to help -- department has signaled this is about strengthening forms of communication and building off of that lincoln visit. >> tanya also mentioned this. the new pboc party chief, what can we read into that? >> i think at this point, that is maybe a signal they could be aligned to become the next pboc governor. maybe there is every unification of the role of party chief along with the governor rollout of the pboc. the pboc governor back in march when chinese top officials met, it was really signaled as a short-term move. he was already past retirement age. we were expecting some level of change there at the pboc. we have seen is that he is a career technocrat. a lot of the policy g

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 defin

by one estimate, u.s. portfolio investment in china rose 800 -- $800 billion between 2017 and 2020 alone. now all this money is funding military and technology breakthroughs but much of it is. china is using our federally invested pension to the leapfrog america. the american people deserve better. i will protect our investors and our national security. no more investment in any company that helps the chinese military or support the chinese party. period. these steps are needed to vent war and preserve peace. we can no longer be complacent in china's military rise. for that matter, we cannot contain to neglect our own military. this is the third pick --big task we must undertake. our military strength is not where it should be. it must be transformed to meet today's and tomorrow's challenges. we are falling behind in almost every single area. look at recruitment. the army, navy, and air force say they will mr. recruitment goals. china is building more hypersonic missiles by the day. our hypersonic missile

haidi: u.s. ambassador to australia caroline kennedy speaking as the u.s.ioned a worship in sydney -- a warship in sydney. this was a long time in the making and a lot of pomp and ceremony. it was just down the road from us. but the symbolism of this coming at a crucial time of uncertainty. paul: a hugely symbolic event. it underscores the enduring relationship between the u.s. and australia. it is very rare for the u.s. to commission a warship outside of the u.s., even to name it after a foreign city. it is a nod to -- while trying to support the retaking of the solomon islands. we heard the u.s. ambassador talking about the protection of freedom and rules-based order. that is symbolic as well. talking about china without really saying china. of course china recently signed the security agreement with the solomon islands. australian a very familiar ice here. -- place here. the u.s., a cornerstone of the fence. on the other hand, china is their largest trading partner. taht diplomatic tight group, -- tightrope. shery: australia is planning to buy u.s. subma