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at this hour the u.s. president is holding talks with his newly inaugurated south korean counterpart on his first trip to asia as commander in chief. last hour joe biden participated in a wreath-laying ceremony at the south korean national cemetery. before arriving at the korean ministry of national defense for his meeting with yoon seok-youl. we re expecting them to give their remarks soon. on friday mr. biden says the future of the world will be written in asia, and the region will prove to be critical in the years and decades to come. we re standing on a reflection point in history where the decisions we make today will have far-reaching impacts on the world we leave to our children tomorrow. now, the threat posed by pyongyang is expected to be a main focus of mr. biden s bilateral meeting with south korea s leader. we ve also learned that beijing is holding military drills in the south china sea during this visit. the u.s. says pyongyang could conduct a missile ....
children will not cut costs for parents but the government insists the plans could help lower childcare costs overall. and eight towns that will become cities in the uk are named as part of the queen s platinum jubilee celebrations. hello and welcome if you re watching in the uk or around the world. bbc news understands that the senior civil servant in england, sue gray, intends to complete her report on downing street lockdown parties this weekend. she has already criticised failures of leadership at number ten and the cabinet office. the closure of the police investigation means she s now free to publish the full details of her inquiry. our political correspondent david wallace lockhart reports. 126 fines were issued by the metropolitan police for events in downing street and other government buildings. only one of those went to the prime minister. some say that s one too many, others say apologies have been made and now it s time to move on. he didn t feel he was breaking ....
including as punishment in a psych ward full of criminals. so i was too worried about, you know, who was in the cell with me to actually sleep. you thought they might kill you? yeah, i thought that was a possibility. more from my exclusive interview with trevor reed, the u.s. marine veteran who is finally thankfully home. welcome to the lead. i m jake tapper. we start with our money lead and renewed fears of an economic recession as the markets closed moments ago. the dow finishing flat after a day mostly in the red. what s sounding alarm bells now is this is the eighth straight week of losses for the dow. that s the longest weekly losing streak since 1923. the s&p 500 and nasdaq also taking hits fueled by investors getting increasingly spooked about how high inflation is, messing with the u.s. economy. matt egan is live in new york for us. viewers are likely to see the words bull and bear market tossed around a lot. what does this mean in terms oour money, ....
crises on his first visit to the region as president. putin s invasion, china s rise, and threats of a north korean missile threat casting a shadow over his trip. here in the united states, the baby formula shortage throws the white house into crisis mode. the supply crunch is worsening tonight, raising serious questions over when parents will finally see relief. we want to welcome our viewers here in the united states and around the world. i m wolf blitzer. you re in the situation room. tonight, president biden confronting multiple challenges on the world stage, as he makes his first presidential trip to asia. cnn s melissa bell is tracking the latest battlefield developments from kyiv, our chief white house correspondent, kaitlan collins is traveling with the president in south korea. and cnn s barbara starr is watching the north korean missile threat from the pentagon. first, let s go to melissa and the ukrainian capital for us. melissa, it appears russia is ....
victory. live from cnn center, this is cnn newsroom with john vause. a dismal day for wall street as the roller coaster ride on the u.s. stock market continues. the dow tumbled more than 700 points in its worst trading day since june of 2020. nasdaq lost nearly 4.8%. [ applause ] the sell-off began after target reported a 52% drop in profit for the first quarter, a day after walmart stock posted its worst day since 1987. markets in asia are also in the red this hour. live for us this hour in hong kong following the latest. after this, what are the marketing like in asia? yeah. asian markets are feeling that downward pressure after u.s. stocks, they posted the worst single day decline in two years. investors apparently spooked by two things. they re spooked by inflation fears. and they re also being spooked by weak earnings. target is the latest big box retailer to inject fear into the market. it posted that stunning first quarter profit decline of about 52%. i ....