through michigan. live from cnn center, this is cnn newsroom. u.s. president will soon wrap up the second day of his first trip to asia as commander in chief. it comes after joe biden held talks with his south korean counterpart and reaffirm a alliance. both nations committed to a goal of denuclearization on the korea peninsula. here he is. translator: a sustainable piece of peninsula by a principaled and consistent policy toward north korea. in lock step with the biden administration i commit to safeguard peace on the korean peninsula and encourage north korea to come forward for dialogue and engage in cooperation. we as leaders of the two countries reiterated our common goal of the complete denuclearization of the dprk. there s no compromise for security under this shared belief we concurred that strong deterrence against north korea is paramount. still concerns that they may still conduct a missile test. the war in ukraine was also a critical topic at those bil
president biden in south korea as north korea appears to be on the verge of testing a missile. and did a republican lawmaker lead a tour of the capitol complex on the eve of the insurrection? plus new cnn reporting this morning on rising tensions among conservative justices over roe v. wade. and u.s. health officials sounding the alarm on a new covid wave disrupting american life. we will get answers from the white house coronavirus czar. good morning to viewers here in the united states and all around the world, it is friday, may 20th and just a short time ago president biden speaking in seoul, south korea, kicking off his first visit to asia since taking office. biden joined the new south korean president yoon seok-youl at a samsung semi-conductor plant. the main goal of this trip is to reassure america s asian allies of u.s. s commitment to counter and contain china. the president will also visit gentleman on this trip. there is growing concern over what north
top of a brand new hour on cnn newsroom. goold good to have you with me. i m victor blackwell. plunging stocks, rising prices, recession fears. the s&p 500 entered bear market territory, dropping 20% from recent peaks. one bear market in the last 50 years was not accompanied by a recession. cost of living keeps rising, home prices are driving rents to a high. 17% from last year. gas prices are soaring. the national average, 4.59 per gallon, $0.30 more to fill up the tank than the day before russia invaded ukraine. let s start with the s&p 500 now into bear market territory today. what could that mean for the economy at large? well, victor, this is a flashing red light about the u.s. economy. if the s&p 500 closes below 38 s 38.37, and you can see it s trading just above there, if it closes below, it s officially a bear market, a 20% decline from previous highs. this would mean that the bull run that began in late march 2020, would be over. this is a big deal because bear ma
candidate to declare victory any way. inflation jitters are turning into tremors on wall street. the dow has its worst day in nearly two years amid a crash in retail stocks. and a new report warns the world is coming closer to catastrophe as four key climate change indicators set new records. live from cnn center, this is cnn newsroom, with rosemary church. good to have you with us. the fiercely contested republican senate primary in the key state of pennsylvania is likely to drag on for days while every last vote is tallied. it s a critical showdown that could affect which party controls the u.s. senate come november. tv personality doctor mehmet oz is holding on to a very narrow lead over establishment republican dave mccormick. just over 1200 votes separate them. the race could go either way and a recount is looming. but former president donald trump doesn t want to wait. he encouraged mehmet oz to declare victory now. we can see the path ahead. we can see vict
environment. finland takes the step of nato membership in order to strengthen not only its own security, but also in order to strengthen wider transatlantic security. this is not away from anybody. like you, mr. president, said nato is protective, not a threat to anybody. at the same time we must not forget that, at this very moment, the proud people of ukraine are fighting not only for their own freedom and democracy, but for our common security. finland, together with the eu and the united states, stands firmly behind ukraine. so, mr. president, once again, i want to thank you for making history with us. thank you. thank you. mr. president, thank you for welcoming president niinisto and me to the white house. the bonds between sweden and the united states, they are strong and long standing, and as you know, swedes first in your home state of delaware in 1638, and we were one of the first countries to recognize the united states as an independent nation in 1783. since th