kevin: the president will speak at the un general asem blee a few hours from now, he has collected what he wants to say and sources say this will be a seminole moment in the short biden presidency. he is expected around 10:35 this morning. these things tend to slide as the day goes along, 10:35, could be closer to 11 or 11:30. we ll be watching. he will participate in meeting with un secretary general and have a bilat with the brand-new prime minister of the united kingdom. beijing considers its response to the president s repeated insistence that if china does invade taiwan, the u.s. will act. would u.s. forces defend the island? yes. to be clear, u.s. forces, u.s. men and women would defend taiwan in event of taiwan invasion? yes. kevin: surprised the reporter and many on the team at the white house. the address is expected to place china and taiwan issues front and center today and no, despite his previous comments to the contrary, no change in u.s. policy, tai
Worsens, headache and sore throat may occur. Tell your doctor if you have a parasitic Infection Step back out there chaos on campus, violence Overnight Festers at universities across the country. Were following the latest and Vice President Kamala Harris is in florida as the states new sixweek abortion ban takes effect, we are moments away from her taking on former President Donald Trump and the Republican Party as we start to see tighter restrictions the knocked at all across the country plus the accusations against him spark the me too movement. Now, the question, will Harvey Weinstein be retried, the Disgraced Hollywood producer is important for the First Time Since his rape conviction was overturned were following these major developing stories and many more all coming in right here to Cnn News Central we are following new developments as universities increasingly crackdown on Student Protests across the country. These are scenes just hours ago on the campus of the University Of Wi
another busy programme. let s get started. world leaders are meeting at the g7 summit in southern italy later to impose fresh economic pressure on russia in response to its war against ukraine. there is a lot to discuss. the leaders of the seven powerful economies are expected to agree to use the interest from frozen russian assets to raise $50 billion a year for ukraine. but some european countries are nervous about who ultimately will bear the risk. president biden is also due to sign a new security agreement with president zelensky, as part of long term support to kyiv. for more on this, i m joined by andrew d anieri resident fellow at the atlantic council s eurasia center. good to have you on the programme. what progress will they make, do you think on that very point of increasing the economic pressure on russia? thanks for having me. in terms of sanctions pressure, that s what we mean immediately by economic pressure on russia i think it can be relatively modest, ux
shareholders are in favour. welcome to business today. i m sally bundock. we start in the us where the cost of borrowing will be staying higher for a while longer. the us federal reserve left its key interest rate unchanged on wednesday at its highest in more than two decades and signalled it only expects to make one cut this year. the fed though is predicting four more cuts in 2025. the decision came just hours after some encouraging news on its battle to control inflation. america s official consumer price index showed prices rising at an annual rate of 3.3% in may. that was down 0.1% on april s rate and was lower than expected. but it s still way above the fed s inflation target of 2%. erin delmore in new york has all the details. economic datasets can feel abundant, these are two big deal events. we ve only seen them happen on the same day seven times in the last decade. to start, the consumer price index. that s the key inflation gauge that held good news wednesday morni
The Fed s latest policy statement, issued at the end of a two-day meeting, kept key elements of its economic assessment and policy guidance intact, noting that "inflation has eased" over the past year, and framing its discussion of interest rates around the conditions under which borrowing costs can be lowered.