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so let's get down to business and we begin in the us where the world's most powerful central bank wraps up its monthly meeting later. it's a given the federal reserve will increase the cost of borrowing. the question is by how much. with recent inflation data flashing red the sentiment on wall street has been grim. on monday the s&p 500 entered a bear market after the index fell by more than 20% from january's recent high. our north america business correspondent, michelle fleury, has more from new york. this minnesota petrol station is letting customers know they share their frustra...

of severodonetsk, where the two sides are locked in fierce street battles. an investigation begins, after a train derails in southern germany, leaving at least four people dead. hello and welcome to bbc news. a special concert will take place tonight at buckingham palace, as a weekend ofjubilee celebrations continues, to give thanks to the queen for her 70—year reign. 22,000 people will gather for the platinum party at the palace, when the prince of wales and the duke of cambridge will pay tribute to the queen for her enduring service. the derby at epsom also takes place afternoon,...

lay them out for us. >> that's right. two counts. one each for not appearing for his deposition and failing to -- a second count for failing to turn over documents that the january 6th committee demanded he turn over. but one of the interesting things that happened today, not only obviously was this -- was he indicted by the grand jury, but this was initially prosecutors initially asked for this to be sealed, because they felt that it was a risk of either flight or for him to tamper with other witnesses. we learned just a while ago that what happened today was he was actually arreste...

contempt of congress for failing to appear after being subpoenaed in february, failing to appear and failing to turn over documents. joining me now, kristin welker, kimberly adkins and ashley parker. talk to me about the stunning new development. peter navarro as i was saying was more than the trade advisor. he was involved in covid-19. he was involved allegedly in a lot of the events leading up to january 6 and after january 6 to try to overturn the election. >> that's right, andrea. that's at the crux of this indictment. let me read you a little bit of this release, which lays out ...

states will in fact send advance rocket systems to the war-torn country. we'll have more on what changed the president's mind there. along with joe and mika, we've got mike barnicle and elise jordan and the former chairman of the republican national committee michael steele. we will begin in texas, where the official account has changed again, about how the gunman who killed 19 children and their two teachers entered that school in uvalde. last friday, you'll rememberer the director of the department of public safety said a teacher had propped open a door through which the gunman ent...