keeping his economic commitments abroad while managing a debt crisis at home, president biden says the best use of his time was to cut shows h histropy asia. we ll have the latest on that search. and the governor of montana thinking there s enough threat from china to ban tiktok, but how will he force it out of the hands of teenagers. all these stories are coming in to cnn news central. today in hiroshima, president biden was peppered with questions did the debt default, which really want supposed to be on the agenda. he s already cut his trip short, so he can get back to finalize a deal. leaders in washington have about two weeks to avert a potential disaster. let s take the live to japan for marc stewart . reporter: i cannot stress enough if there s a u.s. daylight, not only likely would it put the u.s. economy into recession, it could create global financial shockwaves. that s relevant for the g7. policy decisions, positions relating to the war in ukraine. money i
plays out back home. it s forcing him to cut his trip short, raising new questions about how this drama is impacting the u.s. abroad. plus, montana says time is up for tiktok. the state banning the popular social media app. it s the furthest any state has gone to target the chinese-owned brand. is that brand legal? court challenges are likely as tiktok says it will defend itself. a race to rescue children who may have survived a plane crash 17 days alone. we are following these major stories coming into cnn news central. president biden has now met with japan s prime minister in hiroshima. friday they will sit down with other leaders of the world s top economies, as a massive fiscal catastrophe looms, thanks for a stalemate here in washington over the debt ceiling. the discussions appear to be slowly progresses, but the u.s. could default, and anything thinks g7 allies accomplish there could be thrown into disarray from the global financial meltdown that could result.
i m bianca nobilo. max foster is on assignment today. just ahead we pay our bills. the nation has never defaulted on its debt and it never will. greatest threat is american default. and i took what i took and it gets declassified. g the president is being investigated not only willful retext of classified documents but also obstructing an investigation. and jack teixeria was taking notes on classified intelligence information and seen putting the notes in his pocket. live from london, this is cnn newsroom with max foster and bianca nobilo. it is thursday, may 18, 9:00 a.m. in london, 5:00 p.m. in japan where u.s. president biden is set to meet with the prime minister ahead of the g7 summit. but back home in washington, the u.s. is inching closer to defaulting on its debt which could plunge the global economy into chaos. mr. biden arrived a short time ago where he was greeted by u.s. service members. g7 leaders have a packed agenda for the summit including th
Leading to the company having to pay out compensation to customers and slowdown its production of its 737 max. Its also being investigated by Aviation Regulators and the Us Department ofjustice. The figures tell us that revenues were down by 8 . Lets cross to new york now to erin delmore, our north America Business correspondent. Its not a surprise given boeing has beenin its not a surprise given boeing has been in the news so much lately are not in a good way. If anything may be the surprising thing is that the results were little better than expected. Expectations were low and thatis expected. Expectations were low and that is after a door blew out of a Jet Injanuary and in the resulting months that has slowed production for the plane maker. They reported a First Quarterly revenue drop in seven quarters and cashman was higher in the First Quarter but a little better than expected. The defence business was also a bit better than expected and the Service Business had good margins. Thos