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jeremy diamond joins me from the white house. what is on the president's agenda today? >> reporter: president biden is still at camp david this morning but he will be returning to the white house to host military families for a bar be becue and celebration. the president saying the fourth of july is a sacred holiday, sacred day in our country. make no mistake, our best days still lie ahead. at the same time president biden is dealing with messaging on the current state of the country and the current state of the economy with high inflation and high gas prices which many americans are...

hello and welcome. the uk is today taking delivery of liquefied natural gas, or lng, shipped all the way from australia. it's part of europe's preparations for the winter at a time when gas supplies from russia are under threat because of the war in ukraine. the uk is home to three of the largest lng terminals in europe, and this delivery could be consumed across europe. australia doesn't usually sell gas this far afield, and it's signalled that it might have to limit its exports because of its own supply problems. joining me now is james huckstepp, head of emea gas analytics, s&p gl...

In the short term, as ben king reports. The recipes havent changed in 90 years in this Traditional Bakerin 90 years in this Traditional Baker in west sussex, but the cost of their ingredients has. Flour prices, meat prices, Energy Prices all up. The cost of fat has doubled. That has put the squeeze on profits, but the end is in sight. The end is in sight. Prices arent continuing the end is in sight. Prices arent continuing to the end is in sight. Prices i arent continuing to increase that much. They definitely arent coming down, that doesnt happen very often, but it does seem that things have ...

And egypt at around 10 00 local time last night. President biden has called for the release of all hostages in gaza before there can be a ceasefire. The Israeli Army Says its carried out limited incursions into gaza ahead of an expected ground offensive. Just to say, we have got live coverage of course on a website of what is happening in israel and gaza. This is the plane that has just landed in tel aviv, israel, where french president Emmanuel Macron is due to disembark at any moment. Of course he has meetings with of course he has meetings with israeli Prime Minister Benjamin Netanyahu amon...

A short time ago my colleague Sally Bundock spoke to a board member of the future Investment Initiative, matteo renzi, who was also Prime Minister of italy. He told her what the initiative is all about. Future Investment Initiative tried to offer a platform of dialogue, particularly in business and correctly you explained the quality. One point, european. 400 ceos from europe as well as china, discussing here the initiative that became one of the most attractive and brilliant possibilities of exchange. Last time was in the army the next time will be in hong kong but this is the pillar of the i...