be that difficult to get to a deal by the end of the week. the president is canceling part of his upcoming overseas trip. returning to the u.s. sunday after the g-7 economic meeting in japan. white house correspondent jacqui heinrich has our top story live tonight from the north lawn. kevin mccarthy says there is a gap between the two sides in moving forward but, as the president leaves for japan tomorrow, the white house is appointing senior adviser stevery chety, louise taylor and shah landra young to run point for the white house and talk to will deputies. pressure is on after the treasury secretary put the deadline at june 1st or the days following. we re having a wonderful time everything is going well ha ha ha. message of reassurance convening congressional leaders as the country creeps forward to possibly defaulting on debt with no agreement to cut spending and raise the debt limit. biden canceled plans to visit australia and pap go p&a new guinea he would be out
outside force, but by a mistake of his own making, classified documents found not only in his old office, but in his delaware garage and home. and not just one highly classified document but multiple all uncovered not by a forthcoming and transparent white house, but by news reports, the latest from this weekend. you can see it right here. republicans have been pouncing happy to get exactly the kind of story they needed to push their own problems off the front pages, and now democrats are frustrated, too, we ve got news on what some of the most well-known democrats about what this mean, not just for president biden but for president trump as well. and what president biden has said to be feeling behind closed doors, also what this means for who runs on the democratic ticket in 2024. joining me now is nbc news correspondent carol lee, and nbc news capitol hill correspondent ali vitali, and political white house reporter and msnbc political contributor, eugene daniels. so carol,
Turning up the heat qatars Credit Rating is cut amid a growing political crisis. Plus hes cut ties with his Business Empire but a lawsuit claims President Trump is still flouting the us constitution. He has until tomorrow to respond welcome to World Business report. Im sally bundock. Also coming up chinas trade figures surge in may, they are surging, cheering investors but spelling more controversy in the us. Concerns are growing about economic fallout after fellow arab states cut ties with qatar over their links with alleged terrorist groups. Standard and poors has cut their rating, the stock market is down 10 in the currency is at 11 year low. Qatar is a tiny nation but a very important one business terms. It has one of the Worlds Largest reserves of natural gas it has seen exports of its Liquefied Natural Gas or lng soar in recent years. Thats made the state phenomenally wealthy it has built up one of the worlds biggest Sovereign Wealth Funds, worth around 335 billion. Its used that
Their trading day. Slightly down on their trading day. Slightly down on the day and well explain why. And well be getting the inside track on the surprisingly profitable world of babaysitting and the company thats trying to turn it from a job for students into a global business. We wa nt we want to know today which app could you not live without . Let us know. Use the hashtag business live. Hello and welcome to business live. President zuma of south africa faces a No Confidence Vote in Parliament Today and as its being held in secret theres a real chance that he could be kicked out of office by the end of the day. Mr zuma has survived No Confidence Votes previously but this time the stakes, both political and economic, are much higher. Mr zuma has been under constant pressure over everything from Corruption Allegations to a controversial Cabinet Reshuffle that saw his widely respected finance minister, Pravin Gordhan fired. That prompted two of the worlds leading Credit Rating agencies