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has died at the age of 76. the leaders of the us, britain and australia, meeting in california, have given details of a defence pact that will provide australia with nuclear—powered submarines. president biden, uk prime minister rishi sunak and the australian prime minister anthony albanese, have met to confirm the aukus security agreement. the deal is aimed at countering what the three nations see as china's threat in the indo—pacific region. our political editor, chris mason, has more from san diego. a pact of old democracies, coming together to counter a new and growing advers...

>> follow the money or the lack of money, right? this is an administration that's own treasury secretary janet yellen, okay, went to the bank after the g-7 energy deal and said, listen, we want to make sure that no banks lend money to fossil fuel companies unless absolutely necessary. they weaponized the federal reserve to go after banks to look at their carbon footprint and say hey, if you are lending money to u.s. oil and gas, you could be -- it could be a crime against climate. we will go after you. they are going after pension funds, investors. i have customers, sean, whose banks have clos...

With me. >> let me unpack that. it is true that u.s. does have a trade deficit. but what that means is a lot more complicated than the president is making it out to be. so let's start with the basic question. what is a trade deficit? it is quite simply, the gap between how much more the u.s. imports compared to how much it exports. official figures from last year put our deficit at $566 billion. not 800. let's examine the president's claim. he said in his tweet yesterday, last year we had a trade deficit of almost $800 billion. now as i just established, that is not true. his figure off by mor...

We talk. we fart. just because i fart at parties it doesn't make me a farter. >> it's worth watching the whole thing, by the way. the canadians are using it to combat smoking. on monday, mayor michael bloomberg announced he was moving forward with a law to forbid stores from publicly displaying cigarettes and other tobacco products because quote, such displays suggest that smoking is a normal activity and invite young people to experiment with tobacco. smoking is the number one cause of preventible death in the united states but is hiding merchandise the best way to combat the problem or is th...

>> worth watching the whole thing, by the way. that's right, the canadians are using farting to combat smoking. on monday, mayor michael bloomberg announced he was moving forward with a lot of stores from publically displaying cigarettes and other tobacco products because such displays suggest that smoking is a normal activity. smoking is the number one cause of preventable death in the united states. but is hiding merchandise the best way to combat the problem? or is there another way the states are avoiding? according to the cdc, between 1998 and 2010, states in this country selected nearl...