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president biden. plus kim jung-un s north korea launching what is thought to be another intercontinental ballistic missile. and homes become islands as devastating floods put some neighborhoods in the northeast under water. welcome to our viewers in the u.s. and around the world. i m rahel solomon. up first this morning, president biden and ukrainian president zelenskyy preparing to have a face-to-face on the sidelines of the nato summit in lithuania, this is in the wake of russian airstrikes on kyiv for a second consecutive night. and zelenskyy s frustration over nato s decision to provide guidance but not provide a specific time line on when the alliance will be ready to grant ukraine membership. melissa bell with the latest. what are some ofof the expectations heading into this meeting? reporter: if yesterday was about the frustrations of president zelenskyy on one side and limits of what nato allies can do on the other, today is more about the deliverables, ....
with just one week left until treasury officials say they will run out of cash to pay its bills, the mood music from washington was upbeat. but a deal can be done to avoid default. i want to be clear. the negotiations we are having with speaker mccarthy are about the outlines of what the budget will look like, not about defaults. it is about competing visions for america. nothing will be resolved until we resolve them all. we know where our differences lie. we worked well past midnight last night, we are back at it today, trying to get to the conclusion so we can solve this problem. failure to reach an agreement could have global implications. fitch, one of the major credit rating agencies warned of a potential downgrade to the us credit rating if the deal isn t done. the us treasury department seized on this, saying it underscored the need for swift bipartisan action. the biggest sticking point remains spending. if they don t cut enough, they won t win over republicans ....
the mood in washington. with just one week left until treasury officials say they will run out of cash to pay its bills, the mood music from washington was upbeat. but a deal can be done to avoid default. i want to be clear. the negotiations we are having with speaker mccarthy are about the outlines of what the budget will look like, not about defaults. it is about competing visions for america. nothing will be resolved until we resolve them all. we know where our differences lie. we worked well past midnight last night, we are back at it today, trying to get to the conclusion so we can solve this problem. failure to reach an agreement could have global implications. fitch, one of the major credit rating agencies warned of a potential downgrade to the us credit rating if the deal isn t done. the us treasury department seized on this, saying it underscored the need for swift bipartisan action. the biggest sticking point remains spending. if they don t cut enough, they wo ....
Investors in the auto sector should focus on stocks that are still experiencing demand and can offset higher commodity prices. Demand patterns in the auto industry are changing, with a shift from sedans to SUVs. Steel prices are expected to rise in the coming months, which could further impact margins. In the two-wheeler segment, the premium luxury bike market is expected to perform well." ....
Lead being one. but still the fact that we have a very low unemployment rate in the mid 3s, wage growth has been pretty good, inflation is weighing on people psychologically and with their wallets. but i think that most people are keeping up, we re starting to see some warning signs with delinquencies especially in the auto space, credit card delinquencies are also going up and getting back towards 2019ish levels. a lot of people i think are doing better than we might think. i want to talk about student loans for example. the new york fed household debt and q1 report gave what i thought was pretty interesting mortgages make up the majority of debt, makes sense, but for people between the ages 18 and 39, student loans is a significant percentage. whatoes it mean for you and for the economy really with payments set to resume in october? definitely something that i ....