welcome news when it comes to your wallet. a key inflation report shows that price increases went to zero last month. the markets are like what will the fed in the next hour we re said to get an interest rate decision from chair jerome powell and president biden back on the world stage. he s headed to it believe for a highly anticipated summit with a lot at stake. but casting a shadow over the trip. yesterday s conviction of his son, hunter, on felony gun charges happening now, house republicans moving forward in their planned to hold attorney general merrick garland in contempt of congress for violating subpoena requests. now, an uneasy feeling filling his growing among gop lawmakers. do they have the votes were following these major developing stories and many more all coming in right here to cnn news central we start this hour watching stocks rally after a new report shows inflation cooling down in may, the gains have been a bit in afternoon trading, but the dow roared o
have been killed in a russian missile attack on the port city of odesa. 18 others were wounded. this video shows the aftermath of a strike on a residential building. other russian missiles hit a military facility in odesa and a cemetery. the russian defence ministry says its missiles destroyed a logistics terminal in the port city, where it said foreign weapons were stored. in the city of mariupol, russian forces appear to be trying to storm the azovstal steel works, where ukraine s remaining forces in the city are holding out. russians are said to have resumed air strikes on the plant in the south east of the country. we begin our coverage with the attack in odesa, and this report from our correspondent caroline davies. siren wails thick black smoke that cut through the calm of a saturday afternoon in odesa. this was the aftermath of missile strike on the city. on the ground blown out glass, debris, burning cars. and ukraine s firefighters and army trying to limit the dest
To chris wright, the man responsible for signing Spandau Ballet. The New York Times is offering people a brexit tour of london. It is the brexit means brexit tour. Were asking you today whats your most memorable tour and was it that expensive . Just use the hashtag bbc Business Live. Hello and welcome to Business Live. We start with the worlds second biggest car maker, toyota, which has just reported its latest set of financial results. Its not good news. Full year profits are down 21 . This is the first time in five years that the company has reported a drop in earnings. Our correspondent Rupert Wingfield hayes is in tokyo. Rupert, what more can you tell us about the figures . Good morning, rachel. It is a fall for toyota as expectedment more than expected, but its still, you know, if profits of 16 billion are bad then it is a problem that a lot of companies would like to have, but thats a fall to 1. 83 trillion yen and there is expectation that it will fall again this Financial Year
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So it is kind of side by. People who put big dreams on the big story. In the magazine on the w. L o and welcome to drive and your motor magazine on d w coming up zipping around the alps and Mclaren Seven Twenty S super car. The World Car Design Of The Year the range rover valar. But first the latest and greatest from the los angeles auto show. The Convention Center in Downtown Los Angeles every year its those site of the l. A. Auto show this time around over sixty brands have shown up for the event was the internet and not all Industry Journalist the money was shaffer says there are many Major International automobile trade fairs and that many car makers now say they arent worth it but l. A. Is everyone whos anyone is here to show off their newest creations. Certain to be one of the highlights a porsche nine eleven not this one here of course but this one. The nine eleven is such an defining model for porsche that designers always think twice about changes visually they want you to be