This is cnn breaking news. Brandnew hour. Im victor blackwell. And im alisyn camerota. Strategic stability. That was the goal heading into todays highstakes summit between President Biden and russian president Vladimir Putin. As the sun sets in geneva, it appears they have at least laid a path forward. I did what i came to do. The tone of the entire meetings, i guess it was a total of four hours was was good. Positive. There wasnt any strident action taken. Where we disagreed. I disagreed. Stated where it was. When he disagreed, he stated. But it was not done in a hyperbolic atmosphere. Translator the meeting was actually very efficient. It was specific. And it was aimed at achieving results. So, lets talk about some of the results. Russia and the u. S. Have agreed to return their respective ambassadors to their posts in the coming days. Also, the two nations will begin consultations on cyber security. And we know President Biden says there would be grave consequences if putin critic A
This is cnn breaking news. Brandnew hour. Im victor blackwell. And im alisyn camerota. Strategic stability. That was the goal heading into todays highstakes summit between President Biden and russian president Vladimir Putin. As the sun sets in geneva, it appears they have at least laid a path forward. I did what i came to do. The tone of the entire meetings, i guess it was a total of four hours was was good. Positive. There wasnt any strident action taken. Where we disagreed. I disagreed. Stated where it was. When he disagreed, he stated. But it was not done in a hyperbolic atmosphere. Translator the meeting was actually very efficient. It was specific. And it was aimed at achieving results. So, lets talk about some of the results. Russia and the u. S. Have agreed to return their respective ambassadors to their posts in the coming days. Also, the two nations will begin consultations on cyber security. And we know President Biden says there would be grave consequences if putin critic A
This is cnn breaking news. Brandnew hour. Im victor blackwell. And im alisyn camerota. Strategic stability. That was the goal heading into todays highstakes summit between President Biden and russian president Vladimir Putin. As the sun sets in geneva, it appears they have at least laid a path forward. I did what i came to do. The tone of the entire meetings, i guess it was a total of four hours was was good. Positive. There wasnt any strident action taken. Where we disagreed. I disagreed. Stated where it was. When he disagreed, he stated. But it was not done in a hyperbolic atmosphere. Translator the meeting was actually very efficient. It was specific. And it was aimed at achieving results. So, lets talk about some of the results. Russia and the u. S. Have agreed to return their respective ambassadors to their posts in the coming days. Also, the two nations will begin consultations on cyber security. And we know President Biden says there would be grave consequences if putin critic A
I strongly disagree with fitchs decision, and i believe it is entirely unwarranted. Its flawed assessment is based on outdated data, and fails to reflect improvements across a range of indicators, including those related to governance that weve seen over the past 2. 5 years. Other democrats used the downgrade as an opportunity to point the finger at republicans for their role in the recent debt limit fight. While republicans blame joe biden and democrats for trillions of dollars in new spending. Many economists dismiss the downgrade, including Jp Morgan Chase ceo jamie diamond, who called it ridiculous and said that the decision ultimately didnt really matter. And he may not be wrong. Us treasuries, that is government ious, remain the bedrock of the Global Financial system, despite this latest knock to the reputation. Expectations are high that it will raise rates again. If so, it could take the cost of borrowing up to a 15 year high. Consumer inflation has come down more than expected
Lets look at what this materials move means for the rest of the world. The consensus is that will be damaging not fatal for the United States. The reason china dominate the market is not because it is the only place where gallium and germanium exists, but because it is by far the cheapest place you can get them from. You dontjust dig them up from the ground, they are derived from a more complicated Reduction Process and china has that capability. So governments and businesses will have to rely on cheaper substitutes and alternative sources. It means prices will go up, it means some products might be less effective and some production right be delayed. So this sort of poses a bit of an existential thread for western industry, its the gradual erosion of capability. But in a broader sense this threatened the overall narrative of globalisation, the idea that International Markets will be able to deliver what you need, when you need it at the price that you need. Derisking is what western g