week-long stay in space this hour of cnn this morning continues right now. overnight, president biden rushing back to washington from japan for these debt limit negotiations. just hours from now, he is set to meet with house speaker kevin mccarthy again. they ll meet at the white house. as time runs out to reach a deal on preventing basically economic calamity. there are less than ten days to go before the government potentially defaults on its debt. before he left the g-7 summit with world leaders, biden told reporters that many of the demands from house republicans have been, quote, unacceptable. i think there are some maga republicans in the house who know the damage that it would do to the economy and because i am president, and presidents are responsible for everything, biden would take the blame. and that s the one way to make sure biden is not re-elected. arlette saenz is live at the white house. arlette, good morning. kevin mccarthy did talk about the phone ca
i m ana cabrera reporting from new york. we begin with new intensity in the 2024 race. florida s governor starting to peel off the gloves against donald trump. this weekend was supposed to feature a split screen battle in iowa with both men set to hold dueling events. only one, the one not officially in the race ended up appearing. we must reject the culture of losing that has affected our party in reason years. the time for excuses is over. the gop contenders battle it out. we have the current president set to meet tomorrow with congressional leaders at the white house with the president preparing to travel overseas this week, is there enough time to avoid a catastrophic default. later, extreme weather, massive destruction across the midwest after tornadoes touched down. at least one person is dead in texas amid widespread devastation. we re live on the ground as the community works to pick up the pieces. first, the 2024 race and the rivalry between trump and desantis
we moved out of the city so our little sophie could appreciate nature. but then he got us t-mobile home internet. i was just trying to improve our signal, so some of the trees had to go. i might ve taken it a step too far. (chainsaw revs) (tree crashes) (chainsaw continues) (daughter screams) let s pretend for a second that you didn t let down your entire family. what would that reality look like? well i guess i would ve gotten us xfinity. and we d have a better view. do you need mulch? what, we have a ton of mulch. jpmorgan chase swoops in to buy failed first republic bank and likely preventing a wider banking crisis by doing so, and thus avoiding second largest bank failure in history and what it means for your money is next. police and protesters are clashing on the streets of paris and tear gas filling the air in the largest may day protest france has ever seen. we go live to france. and in texas, law officers are searching for this man accused of killing five people
that s the first increase after five consecutive months of declines. consumer prices edged up from 6.9% in march, which could further encourage the european central bank to raise interest rates on thursday. joining me now is christian schulz, deputy chief european economist at citi bank. lovely to see you. so, the number is on the up, no great surprise considering what we have seen elsewhere, but the big question is how the central bank response. the ecb has made some progress, i guess, the base rate was in double digits at the end of last year, we are now down to 7%. no further progress in april, it seems. looking at the details, there are some positives. food inflation is down, it had been rising and rising. hopefully that is a trend that will continue. also called goods inflation, that is also decreasing for the first time. the bad news is, for the ecb, that services inflation keeps rising and thatis services inflation keeps rising and that is the surprise in this, really.
against the giant of right where i think media and one of the big purchase vsayers of collection fraud conspiracy today was supposed to be day one of the blockbuster trial. sayern fraud conspiracy today was supposed to be day one of the blockbuster trial but they said that it was pushed back to tuesday. no official reason was given judge davis said this morning that it was not unusual for delays like this but the wall street journal which happens to be owned by the murdoch family reports fox has made a late push to settle the dispute with dominion voting systems out of court, that is according to people familiar with the situation the washington post reports this, two people familiar with the case said that two sides are scheduled to meet monday to determine if a last minute deal to avoid trial could be brokered one of the people said that the judge had asked the parties to make a final effort to settle the issue before proceeding with the trial. these talks are happening