declaration about the war in ukraine. we ll have that for you in just a moment. also ahead special counsel jack smith responds to a request by donald trump lawyers to delay his trial in the classified documents case. they want to do that after the 2024 election. plus hollywood officially goes dark for the first time in over six decades as writers and actors are now together on the picket lines. good morning, and welcome to way too early on this friday, july 14th. i m ali vitali in for jonathan lemire. president joe biden wrapped up his five-day european trip to finland yesterday with nato s newest memberch it ended decades of neutrality in april when it became the alliance s 31st member. the country shares 830 miles of border with russia. president biden yesterday celebrated finland s membership and nato s united front against russian president vladimir putin. mr. president, at this critical moment in history, this inflection point, the world is watching to see will w
and months of negotiation. and in fact, the deal was meant to expire today. they ve now got an entirely new deal which will carry them through for another nine months. and as you say, it s going to be about three billion usd, which is more than they were expecting if they d managed to negotiate the end of the last deal. so that is a relief. but at the same time, lots of analysts that i ve been speaking to have also emphasised the fact that this is reallyjust patching up just for now, it s a sticking plaster to be able to get pakistan through to the end of the year and the beginning of the next year. really crucially, at the moment, pakistan is expecting to have a general election here. now, this deal will mean that the current government can finish its term. a caretaker government can can take over. then there s an election. and then the new government, which in that election is expected to happen in october, can then start the whole process of negotiating the next deal. and
stories from around the world. we start with that masive search off the newfoundland coast for a missing submersible, near the wreck of the titanic. us coastguards have confirmed that underwater noises have been detected. this is happening a long way off the coast in a difficult search area thatis coast in a difficult search area that is expanding. on the songs that have been picked up by canadian aircraft, we know that they took place this morning and last night and that search pushes vessels have headed toward those noises but we don t have confirmation as to what s mission and noises. five people are on board. four adults and a teenager. the latest guess is about 20 hours of oxygen left on board. that s school life to man in boston for us. ~ ., ., for us. where continued to get more details from for us. where continued to get more details from that for us. where continued to get more details from that press for us. where continued to get more details from that pr
our business correspondent in new york, is erin delmore. if you re in the crypto world or curious about getting into it, then a spot bitcoin etf has been on your radar. it allows people to bet on bitcoin s gains and losses, even if they do not own bitcoin themselves. us regulators are widely expected to approve the new exchange traded funds this week. so, when a tweet was posted from the sec gov account, saying essentially that, it was noteworthy. it was also wrong. the sec and its chair, gary gensler, quickly posted on x that the sec account was compromised and the regulator had not yet approved the listing in trading of spot bitcoin exchange traded products. the erroneous tweet also included graphic with a quote from chair gensler, a second tweet that also said $ btc . bitcoin s ticker symbol was also posted but was then almost immediately deleted. for bitcoin s value, a bit of a ride. the cryptocurrency climbed to nearly $48,000 on the false news and fell back down to $45
historical rate hiking campaign hours the time to take a break and give the time to adjust to its actions that have pushed up the cost of borrowing for things like mortgages, business loans, and credit cards. the decision left the fed s benchmark at between 5% and 525%. for companies and consumers alike the pain may not be over. as fed chair jerome powell meekly during his press conference, with us inflation running above the bank s 2% target its job is not yet done. i bank s 2% target its “ob is not et done. ~ . , bank s 296 target its “ob is not yet amt yet done. i think, as anyone can see. yet done. i think, as anyone can see. not yet done. i think, as anyone can see, not a yet done. i think, as anyone can see, not a single - yet done. i think, as anyone j can see, not a single person yet done. i think, as anyone i can see, not a single person on the committee wrote down a rate cut this year. nor is it likely to be appropriate, if you think about it, inflation ha