This is Washington Week. Corporate funding is provided by for 25 years, consumer cellulars goal is to provide Wireless Service that helps people connect. We offer a variety of no contract plans and our team can help find one that fits you. For more, visit consumercellular. Tv. Additional funding is provided by the ewing foundation. Rose herschel and andy shreves. Robert and susan rosenbaum. E corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. William good evening and welcome to Washington Week. After weeks of posturing and intense negotiation, President Biden will soon sign into law a bipartisan bill that lifts the countrys debt limit and averts what could have been an economic disaster. The president spoke about the bills significance a short time ago. Pres. Biden nobody got everything they wanted, but the American People got everything they needed. We have noted an economic crisis. William the fiscal responsibility act was
united states, canada and all around the world. i m kim brian hooper ahead on cnn newsroom president biden back home after his trip abroad and addressing the new abortion pill ruling what he had to say and what comes next in the supreme court butts. some positive news on the economic front this week, the fog seeming to lift on inflation in the us, but we ll talk with an economic equity. an economist who says be cautious of the new numbers and. panic and chaos of the political event in japan live in tokyo and why the prime minister had to be rushed to safety. live from cnn center. this is cnn newsroom. with kim bruun hoover. us president joe biden is back from his four day trip to ireland and weighing in on the abortion debate that still rages at home. he spoke with reporters after he arrived at dover air base and took aim at restrictions placed on a key abortion drug. here he is. i think it s outrageous what the court has done relatively they re going to overrule the fda, and
Like fentanyl. A white house summary of the call included a few others like chinas unfair Trade Policies and venting access to technology. On the chinese Side Resident Xi called on any taiwanese independence a redline and accused the us of trying to suppress chinas development of advanced technology. Overfour development of advanced technology. Over four days of meeting treasury secretary jenny yellen is expected to meet with some of chinas top political and economic officials as well as American Business leaders and chinese professors and students. She is expected to warn china against flooding the market with cheap, clean energy the things like Electric Vehicle and lithium ion batteries. The white house is trying to bolster that industry domestically by offering its own tax brea ks breaks and subsidies. Tesla shares have fallen almost 5 percent. Thats after elon musk s Electric Vehicle maker reported deliveries have fallen sharply in the First Quarter of 202a. The company handed over
Manus welcome to i am manus cranny. Welcome to the pulse. I am manus cranny. The story of day from the asia. The president of toshiba along with two other executives, their resignation and their formal News Conference and this was a 1. 2 billion scandal restating their earnings over the past six years, unrealistic led to what is a systemic flawed accounting process, challenging the culture within japan. Probably one of the single most important issues that will be addressed here which is so much power for people as of the top and no way for anybody to really challenge the toshiba accounting methods. Everything from Nuclear Reactors and ships. A is now falling on hisao tanaka the president. If we have any headlines, we will bring them to you. Our top story and that is commodities. Bloomberg commodities index dropped to a 13 year low yesterday. Right . Ryan you have to go back to 2002 to see Commodity Prices where they are now. A fiveyear low. 2012 when we had the darkest days of the eur
Status. Officials on both sides seem to be losing patience. The ball in greeces court but they want to throw it back at their creditors. No end to this debt debacle. Foreign currency volatility. A sudden spike in the euro. We are trading higher on zero point 3 . A similar dip in the dollar index. 0. 3 . In fact, the swings between the euro and the dollar between this hair is the high pair is the highest since 2011. Volatility is present. Bearish. Bets against the euro are pretty low. Many believe it will be done with greece. The market is positioning with a deal. The Hedge Fund Speculators have been cutting their bets the euro will fall. A little bit of an issue. The dollar will be moving today on the fact without Monetary Policy committee comments together, the Federal Reserve will start debating Monetary Policy in the u. S. Could there be any hit by jenny yellen will see rate rises later this year . Most bets on september. The bond market, a move to the haven into germany. Borrowing