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KPIX CBS July 5, 2024



wave that has kicked off in phoenix. it is going to be like the 90s and the northeast and triple digits in the south. jericka: controversial cluster bomb. the new $800 million aid package for ukraine, concerns tonight about one weapon s impact on civilians. every weapon system ukraine is using, it is using to defend its people. a federal judge sentenced patrick crusius to 90 consecutive life sentences for the 2019 massacre at an el paso walmart, which left 23 people dead. crews continue to battle a fire on a cargo ship in new jersey that has already taken the lives of two firefighters. loved his wife, loved his kids. he loved the job. that fire now in its third day. jericka: malaria warning. for the first time in 20 years, the cdc says mosquitoes are infecting americans on u.s. soil. how to protect your family. the mosquitoes love my wife. they hate me. jericka: consumer alert. a popular children s bike is recalled because the handl ....

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BBCNEWS Asia July 5, 2024



more than 3/10 of a percent. this is what they call a bull run. the market s been on the upswing since october 2022, and it s thanks to a few tailwinds. among them, an outperforming tech sector and a resilient labour market. the federal reserve has a role too. so far it s been able to cool inflation without tipping the economy into a recession. that s called a soft landing and it s buoying wall street. stocks are rallying in anticipation of interest rate cuts that the fed has signalled this year, which would let interest rates fall from a 22 year high. when interest rates go down, it makes it cheaper for businesses and individuals to borrow money. so spending increases and usually that makes stock prices go up. meanwhile, it s a different story for the chinese stock markets, which have been struggling in the new year. chinese premier li qiang pledged to take forceful and effective action to support market confidence. shares in mainland china and in hong kong have been h ....

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BBCNEWS Asia July 5, 2024



they were looking to salvage a terrible financial performance that it has been seen, but also for sony, which is also really facing stiff competition right now in the indian market from the likes of amazon, netflix as well as a potential merger between disney and reliance industries. these two giants were looking to come together and consolidate their presence against this competition, but of course it has now fallen through because there was no consensus it has been said between the two companies and who would lead the merged entity. zee of course wanted its current loss to be leading it. sorry of course had reservations about that because of a number of corporate governance cases that have been pending against him. so despite nearly two years of negotiations and a 30 day grace period, the deal has now fallen through. it doesn t look like this is the end because sony is now seeking a $90 million termination fee and zee has said it will go to the courts as well. we will ....

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BBCNEWS World July 5, 2024



make their last minute pitches across the state. this is the second in a series of state by state contests with donald trump and nikki haley fighting for their party s presidential nomination. that prize will pit them against the democratic choice in november, almost certainly presidentjoe biden. but with a cost of living crisis hitting many americans what are these two candidates saying about economic policy? dr thomas gift is director of the centre on us politics at university college london good to see you again. when it comes to policy it is hard to find what these two are saying at the moment? it find what these two are saying at the moment? at the moment? it is terrific to talk to at the moment? it is terrific to talk to you at the moment? it is terrific to talk to you as at the moment? it is terrific to talk to you as always. - at the moment? it is terrific i to talk to you as always. there is not a whole lot of discussion in terms of policy about the us e ....

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BBCNEWS Asia July 5, 2024



on who would have led the merged entity, zee essentially wanted it to be opening but sony was opposed to that because of a number of regulatory cases that are pending against him, such as corporate governance. despite nearly two years of negotiations and a 30 day grace period, this deal which would have created one of india s largest media entities has fallen apart. there are large implications of this, particularly on zee. they have been battling quite a terrible financial performance over the past years, but also for sony, given the huge amount of competition in the indian market. both of them wanted to face up to this competition jointly, but now they will have two face the likes of amazon, netflix and also potentially a merged entity between reliance industries and disney, single handedly that is of course something that has been speculated that there will be a merger between reliance and disney. it doesn t look like the saga is going to end anytime soon because son ....

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