despite the biden administration really trying to do what they can on inflation, another key measure of inflation shows how high it is soaring. the producer price index which measures the prices paid to producers of goods and services jumped 11.3% year over year in june. this is all after what we pay for things, showed inflation at a 40-year high. the white house says congress has to pick up some of the slack. some of the most significant steps we can do right now are things he needs to partner with capitol hill on. there are steps congress could take to reduce some of the big tickets facing families and that legislation has been languishing over there. joining me now is the chief u.s. economist and managing director of fs investments. thanks for the time and good morning. good morning. so let s begin where the white house just left off there. they are saying there s more we can do. one thing is a gas tax holiday. there was a piece that highlighted carter administrati
this is what we re watching at this hour. thank you so much for being here. i m kate bolduan. at this hour president biden s trip to the middle east. the president vowing the united states is not going to, quote, wait forever for iran to rejoin nuclear talks. biden making those comments during a press conference alongside israel s prime minister, both leaders pledging their commitment to never letting iran develop nuclear weapons. the leaders did make clear there is still disagreement on the best approach. biden also reaffirming the importance of a jewish state and a two-state solution ahead of tomorrow s meeting with the palestinian president before heading to the most controversial portion of his mideast visit flying to saudi arabia. joining me right now for more on all of this cnn s wolf blitzers and kaitlan collins live in jerusalem. it s great you re there. the leaders today made very clear they are united in their goal that iran cannot get a nuclear weapon but also in
is the chart aftermath of a russian cruise missile. you see the panic, civilians and first responders rushing stretchers out of still smoldering wreckage. the pictures are gruesome and all too familiar. the entire building s windows reduced to glass shards, cars battered the kinetic force of the strike. 22 officials say were dead. the death toll so far includes three children. 39 still missing. authorities worn they may need dna tests to identify even more bodies. let s get straight to the scene with cnn s, claim. walk us through what you re seeing and what we know. talk about that kinetic force. here s one example but this is across the street from the blast site you can see how my windows are completely thrown out but barely any survived. people are trying to, who were living in the building, trying to make sure their permits are sealed in. this is the last site itself. this is a building called the house of officers pickets the concert hall. you can see the incredible fo
as the streets were filled with people. ukrainian officials describe it as a precision strike aimed at a particular civilian target from the actual fighting. cnn s scott mclean is on-site for us to walk us through what you are seeing there right now. reporter: i just want to quickly point out, this is across the street from one of the streetcars that would have been writing at the time when this went off all of the windows were blown out. let me take you over this way and show you this is the actual building that was hit with this is called a house of officers. it s actually a concert hall, a really ornate concert hall from the soviet era. it s quite his work, firefighters are still putting water on this it might be difficult to see against the sky, but there is still steam coming off the building. now we are nine hours or so later. i will take you over this way and show you, this is an office building across the street. you can see it s maybe nine stories high. i see two o
russia says it now controls the entire region of luhansk. kyiv denies carrying out a series of attacks across the russian border which have reportedly left at least four dead. and a warning in the uk that the number of people being admitted to hospital with covid is expected to rise again. voice-over: live voice over: live from our studio in singapore, this is bbc news. it s newsday. it s newsday. it s eight in the morning in singapore, and 2am in the danish capital copenhagen where police say three people have been killed in a shooting at a shopping centre. there are also many injured. the mayor of copenhagen says it s a very serious situation and one person a danish man has been arrested and charged with the intentional killing of the victims. eyewitnesses have spoken of chaotic scenes after the man opened fire inside the fields shopping mall the country s biggest. police have not been able to establish the attacker s motives. there is a heavy police presence across t