we were told erdogan want to just be except that he would be accompanied by the presence of finland and sweden. perhaps a propaganda moment, was worth paying that price to get the assurance they want to join nato. we are expecting this to be a fast official confirmation by the end of the summit. the nato leaders are expected to officially give the go-ahead to finland and sweden. this could be quick for the two countries. dani: we are also seeing possibly the biggest strategic overhaul of nato since the cold war. his that bring us back to the dynamics of that era? maria: we could see the most sweeping changes to nato. when you look at the language for the secretary general uses. they say russia is a direct and significant threat to nato security. just a few years ago, russia was not a member of nato, but was seen as a partner to nato. now it is essentially being declared an enemy potentially to the security of the 30 countries. when you look at china, it was not mentioned in some of the conclusions. now it will be named a systemic challenge to nato. i'm not sure if we are back to the col

critics have linked the ban to anti—lgbt attitudes in president erdogan�*s administration, but authorities say they're just trying to maintain public safety. it was 2014 when the last pride event took place with over 100,000 participants. you're watching bbc news. hello there. with low pressure in charge today, it's been a fairly unsettled day, blustery across the board and, of course, some of us have seen cloud and outbreaks of rain. you can see this swirl of cloud and rain on the satellite and radar picture from earlier. drier and brighter towards the south and east. now, over the next few days, that area of low pressure does clear away, but the next area of low pressure is hot on its heels and we're going to see further changeable and unsettled weather to come. so what can we expect this week? well, there will be rain and showers at times, particularly in the north and west. not a total wash—out, some sunshine, the best of it to be found in the south and east. breezy at times, with temperatures close to average for the time of year. so, here's how it looks as we go overnight into mond

and last night we met president erdogan, prime minister anderson and we were able to reach a final agreement. this is a good agreement for turkey. it is a good agreement for turkey. it is a good agreement for turkey. it is a good agreement for finland and sweden and it is a good agreement for nato. and with that, i am ready to take your questions. we with that, i am ready to take your tuestions. ~ with that, i am ready to take your question— with that, i am ready to take your tuestions. ~ , ., questions. we will start with cnn. thank you- — questions. we will start with cnn. thank you- i _ questions. we will start with cnn. thank you. i have _ questions. we will start with cnn. thank you. i have two _ questions. we will start with cnn. thank you. i have two questions. | questions. we will start with cnn. i thank you. i have two questions. the first is— thank you. i have two questions. the first is int _ thank you. i have two questions. the first is i'm wondering _ thank you. i have two questions. the first is i'm wondering if— thank you. i have two questions. the first is i'm wonderi

yesterday they had a trilateral meeting, to say president everyone has dropped his objections -- president erdogan has dropped his objections. sweden and finland will be fast tracked to membership. it will happen by the end of the summit. the moment the seriousness of this cannot turn into a political football for these countries. this is about not being stuck in limbo facing russia. there was a sense of urgency to get this done quickly. that is why we had to deal in record time. much faster than many anticipated. francine: thank you so much. great work on the ground in madrid. maria tadeo covering the nato summit. they say that -- how told us that price pressures are mainly supply-side driven. >> central bankers say it is a difficult set of choices. they can either bring inflation down, of the heavy cost to the real economy, they would have to rush demand, raise interest rates in order to get inflation anger and hurt 2%, or they can at some point except that the cost is too high and tolerate higher inflation. the only good news, i do believe we have reached peak inflation. it will start to come d

erdogan is open to capitalize on a positive atmosphere. ties had grown cold after buying russian defense systems. pressure is on central banks to raise rates for the first time in a decade. inflation in spain has risen to a record 10%. it dashed hopes that inflation in spain had peaked. the life of clarence thomas has declined the request for her to testify. her lawyers say there is no sufficient basis for her to appear in front of the panel. disney has given a vote of confidence to ceo bob chapek, extending his contract for another three years. he has spearheaded disney into a streaming powerhouse. they are getting closer to taking over the number one streamer netflix. global news 24 hours a day, on-air, and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. today's challenges require real insights, to get to tomorrow's opportunities. ( ♪♪ ) what can we expect in the coming year? this has been a record- shattering year for m&a. five trillion dolla

president erdogan is seeking to capitalize on a relatively positive atmosphere in relations with nato and the united states. ties had grown cold after turkey brought advanced russian air defense systems -- bought advanced russian air defense systems. the biden administration is being sued to allow new oil drilling a public land in western states. president biden halted the relief sales a month after taking office. a judge later invalidated the moratorium, and in april, the administration announced plans for new lease sales. justice stephen breyer informed president biden he will retire at noon on thursday. justice breyer announced his move earlier this year. the courts' soon to be newest member, ketanji brown jackson, apparently hired law clerks for her first time on the bench. global news 24 hours a day on air and on quicktake by bloomberg. powered by more than 2700 journalists and analysts in over 120 countries. i am mark crumpton. this is bloomberg. jon: i am jon erlichman. welcome to "bloomberg markets." >> i am kriti gupta. the volatility today as showing up. muted session but it

president erdogan's unusual believes another reason, he thinks higher interest rates would you will inflation higher. and he thinks inflation rates must be kept lower, as low as possible to curb price gains out of the medium to longer term. that's why the central bank is not expected to change policy course and hike rates. yousef: they do for the quick analysis. it's been a while since i have been in istanbul, that is onur ant. let's stay with turkey, it is not the only country feeling the pressure of soaring inflation. food prices in his some emerging markets have hit new levels. with us now is clarisse magnin-magnez, managing partner of mckinsey in france, i want to pick up where onur left out in terms of the pain in increasing food prices, is the worst behind us, or because of these cycles in harvests, is there more disruption to come? clarisse: i think, unfortunately, the worst is to come. we are talking about 1.4 billion people living in high vulnerability countries from a food supply standpoint. we all know that ukraine and russia are one of the six global bread baskets. i think there i

president biden's attendance at the nato summit is going to test his resolve with president putin and also erdogan. according to former nato assistant secretary general are billingsley a. told fox news this is a crucial test for biden's leadership. he must finish brokering a deal to turkey he has to get countries to deliver additional heavy weapons to ukraine, particularly germany who have largely paid only lip service to the military aid. what trying to get to there what i want to see is a real sanctions regime. right now china has increased imports of russian oil and gas by 50% over the last year. they are buying up everything the europeans are saying they are walking away from. for every european bank that's walked away a chinese bank has stepped. in and the ruble and the russian economy has completely recovered to prewar levels. for all this tough talk from the biden administration about, you know, the toughest sanctions the world has ever seen, i don't think putin is feeling it. and as long as oil prices are through the roof, as long as biden refuses to unleash american oil then putin is goin

erdogan is seeking to capitalize on a relatively positive atmosphere in relation to the u.s. and nato. talks have gone cold after they bought russian air systems. the wife of supreme court justice clarence thomas has declined her request for her to testify. a lawyer for ginni thomas says there is no reason for her to appear before the panel. meanwhile, it has been shown that her efforts to keep joe biden from taking office were more prominent than known before. carnival cruise lines and royal cruise line saw the revenue plummet during the pandemic. shares down 50% for the year. the european year is -- voted to eliminate carbon combustion engines. global news 24 hours a day, on-air, and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. today's challenges require real insights, to get to tomorrow's opportunities. ( ♪♪ ) what can we expect in the coming year? this has been a record- shattering year for m&a. five trillion dollars in deal value. and we're still very bullish on the deal ma

, whether president erdogan promised to approver the accession bids of finland and sweden to nato, only if the united states agreed to sell those fighter jets. president biden said there was no quid pro quo but does support the sale and modernization of turkey's f-16s he said congress must approve that, but he believes it will get congressional approval carl and jim >> appreciate that kayla in madrid now. we are going to watch rh as a tell for today's action. it relates to luxury housing, something charlie sharp talked about. >> the ceo of wells fargo. he talked about how great business is. mortgages were bad in the first quarter, so no surprise, but charlie, who does not do interviews >> the wells fargo chief >> we're seeing a huge decline in terms of mortgage applications we recently said publicly that our mortgage revenues will be down 50% from the first quarter to the second quarter, of which part of it is price but part of it is just the decrease in applications real estate values, you know, moderating in the long term are a good thing >> for inflation >> i think for -- absolutely

yesterday, the president met with president erdogan for efforts to get to this place. now russia and finland and sweden are on the path to join the nato alliance. an 800-border with russia, having sued the border of nato. >> phil mattingly in madrid for us. thank you. the united nations says it has documented more than 10,000 civilian casualties with nearly 5,000 deaths. and new video shows the moment a russian missile hit a busy shopping mall. rescuers are still working to clear all the debris. officials are going through all the destruction will take days. cnn's scott mcclain is in kiev. we are getting really grim reports of what is being found as crews search that rubble. >> absolutely, ana. look, the missile that was used here was an older russian missile. perhaps less accurate than the newer variety. we are talking a bomb with 2200 pounds of pay load. you the see on the cc tv footage how be ig the impact actually was. there are separate security footage captured in a nearby park about 5 uchlt 00 yards awa. many people managed to take cover. one guy grabbed a child

the other big headline is president biden's meeting with the turkish president, erdogan. of course, president biden really helped get this whole thing over the finish line with the succession of sweden and finland into the nato alliance, operating behind the scenes calling the turkish president and giving the signoff with the things they agreed to with turkey to get them to unlock their process, so what remains to be seen is exactly what the turkish president and president biden are going to be discussing, however, it is important to note that the turks have been very eager to see the united states sell them advanced f16 fighter jets and really hoping to get that process moving forward. so that's likely to be a topic of conversation today, jim. >> the eastern allies such as estonia, some of those most concerned about russia's threats. natasha bertrand, thank you so much. we're joined now by the estonian prime minister kaia kalas. thank you for taking the time this morning. >> thank you for having me. >> nato is announcing at the start of the summit new forced deployments

the president met with erdogan yesterday and praised him for allowing this bid by sweden and finland to move forward to join the alliance. so they will be discussing all of this. of course the enhanced force posture that the united states is providing to nato, providing to europe am mid the russian invasion of ukraine and the threat to nato. and interestingly the nato alliance put out a declaration yesterday naming russia as the single biggest threat to the alliance. obviously a huge shift from the last nato summit that was held in 2010, the last regular meeting of nato allies in which russia was actually a participant and deemed a strategic partner of nato. so clearly so much has changed in 12 years. but the president and all of the nato members and sources that we are speaking to here seem very optimistic that the prospect for unity and cohesion in the face of the russian threat is greater than it has been in many, many years. >> natasha, thanks very much. >> and at about 8:00 a.m. eastern, president biden will hold a news conference before heading back to washington. and kevin lip

and after dropping its opposition to finland and sweden joining nato, president erdogan suggested is meeting today with president biden would pay dividends. >> we believe that we will be able to go back to our countries with our hands full and with full satisfaction. >> are typical for biden, wanting credit for his role in orchestrating the deal but also distanced fearing perceived a opposition. >> president biden: situation with regard to finland's agreement. >> turkey's deal with finland and sweden happened on its own. biden just put the timeline, but a statement from the pentagon just hours after the news broke seem to indicate that wasn't the case. speeone u.s. defense official telling "the new york times," the department of defense fully supports turkey's modernisation plans. officials now say that was a reference to what the administration previously expressed in april. no comment on whether f-16 came up today. biden may return to the u.s. with a win, a tough feat to repeat next month with saudi arabia and the uae apparently unable to bring up oil production must. >> i can tell

saudi crown prince mohammed bin salman met with turkish president tayyip erdogan in ankara wednesday in a move to fully normalize relations between the two nations. the visit marked mohammed bin salman's first trip to turkey since the saudi journalist jamal khashoggi was assassinated inside the saudi consulate in istanbul in 2018. khashoggi's fiancÉe criticized mohammed bin salman's visit to turkey, saying it "doesn't change the fact that he is a murderer." president biden is scheduled to travel to saudi arabia next month, in part to push saudi arabia to pump more oil. federal reserve chair jerome powell testified before the senate banking committee last wednesday. week, the fed ordered the largest interest rate increase since 1994. powell acknowledged the rate hike could lead to a recession and would not lead to lower gas and food prices. he was questioned by democratic senator elizabeth warren. >> will gas prices go down as a result of your interest rate increase? >> no. >> and that matters because gas prices are one of the single biggest drivers of inflation. chair powell, will t

> turkey had been the last remaining road block and president biden sat down with turkish president erdogan today to thank him after he dropped his objections to their memb membership. >> the floor is yours. >> this nato summit that we're attending in terms of its agenda is going to be quite busy, and it's going to be quite important. >> once ratified by all 30 countries, the move would nearly double the western alliance's border with russia and expand the group to 32 members. >> this is a good agreement for turkey. it is a good agreement for finland and sweden. and it is a good agreement for nato. >> when president putin invaded ukraine four months ago, he was hoping to weaken the alliance that pledges to defend any member that's attacked, but instead has only rallied it. >> translator: the nato countries did not want to hear us, which means that in fact they have completely different plans. >> with finland and sweden racing to join nato, ukrainian president zelenskyy asked nato leaders today why them and not ukraine? >> translator: nato's open door policy should remind us of the mechanism

some representatives are in turkey today trying to get erdogan off their demand he not be in. he's the only one blocking it. the meeting is coming up in madrid in a couple weeks now. do you think they can resolve this? >> i think it's unlikely it will be resolved in time for the madrid summit, but i think it's very likely it will be resolve ed by the fall. the reason is turkey has a point of view about kurdish activities occurring in sweden and finland. they have democratic laws that protect free speech. these are things people can negotiate around. despite a little bit of hard positioning by the turkish president, the swooeds and the finns have been very open to dialogue. i think what needs to happen here is the nato secretary general, maybe the deputy secretarial general could do some shuttle diplomacy. >> thank you so much. the new book is "risk it all." thank you. >>> now to breaking news in israel. the fragile coalition government has official fallen dissolving parliament calling for new elections. but for months it's really teetered on the collapse. unable to pass signif

. >> turkish president erdogan tweeted in greek, telng the greeks not to do anything they might regret. threats of war echoed in these words and this very aggressive rhetoric leading to rising tensions, and this indeed seems to be the main reason for chancellor olaf scholz to be at this dinner. some say this visit is to be seen as a clear diplomatic gesture in favor of athens, telling ankara to back off. people he, howeverdo not really have high hopes that it will lead to a de-escalation of the situation. brent: earlier in belgrade, we heard the german chancellor calling on potential eu member states to join sanctions against russia. how was that received? >> well, pple actually wait for somethi to actually happen. when the chancellor said that clearly and explicitly meant the serbian president, who is also a very good friend of vladimir putin, the russian president, and he had not really shown any sign of changing that any time soon. until the war, russia and berlin would let this slide, but now with the war and the west trying to show unity, stand together, clear commitment from the

erdogan is seeking to capitalize on a positive atmosphere. ties had grown cold after turkey bought advanced russian air defense systems. life -- the wife of clarence thomas has declined to january 6 committee's request for her to testify. a lawyer says there is no sufficient basis for her to appear before the panel. emails have indicated her effort to prevent joe biden from taking office were more extensive than previously known. the pressure is building more on the european central bank to raise interest rates. the first time in more than a decade inflation in spain has unexpectedly soared to a record. it dashed hopes inflation in spain had pete. -- had pete -- peaked. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i'm ritika gupta. this is bloomberg. ♪ ritika: it is time for the bloomberg business flash. i'm ritika gupta. bed, bath & beyond has replaced its ceo. a boardmember will be the interim ceo. the decision was made moments before bed, bath

president biden given erdogan that yesterday may have something to do with it. the agreement to buy f-16s, upgrade its military. those things could be factors, but we have not heard confirmation. the white house has shied away from taking credit from this. as far as the kremlin, we're seeing rumblings from vladimir putin about the nato expansion, basically saying if nato puts more battle grooups along the finland-russia border, 800 miles long, extends nato's border with russia, putin said if nato is aggressive, in his view, and puts more troops closer to russia, he will respond in kind. we don't know if that's saber rattling or serious that is. hard not to take him serious at this point. but we know his military is bogged down in ukraine, hard to see him wanting to open up other fronts strategically speaking. >> we had fun earlier this week with the g-7 leaders suggesting they go shirtless to spoof vladimir putin's tendency to do that in photos. putin responds saying he thinks that would be a, quote, disgusting image. you don't have to comment, but in a couple h

actually a few moments ago, the white house released a readout of president biden and president erdogan of turkey having spoken this morning. it's certainly likely these two men will speak again on the sideline of the nato summit. one more thing i would note, too, we do expect ukrainian president volodymyr zelenskyy to give a virtual address to the nato summit. this is something that we saw happen at the g7 summit as well. we saw him, of course, talking about the time line for the war and really wanting it to come to an end by the end of the year. he also asked for air defense systems including the kind that can shoot down missiles in the sky. so no question when the nato summit happens, a huge, huge goal is going to be talking about how to bring this up, a war to the end, as quickly as possible. >> yeah, a lot of important work to do that there. mj lee, thank you for covering for pus. >>> for the first time in over a century, russia has defaulted on its foreign debt the historic default has been widely anticipated. but let's bring in cnn's chief business correspondent christine romans

have also announced and this is crucial that the president will meet tomorrow at the turkish president erdogan on the sidelines of the summit. that's key, turkey has been standing in the way of sweden and finland joining nato. we'll see if the u.s. is able to move turkey into the yes column on their accession to the alliance. top priority for today's agenda continues to be russia's war on ukraine. earlier the white house announced the u.s. is committing $3 billion to address global food shortages, due to putin's invasion. ukraine's a big producer of grain and corn, concerns that could lead to famine in parts of the war -- the war's disruption. kaitlan collins joins me now. beyond the show of support, we already heard those words where you were at the g7 summit, saying the alliance is going to be with ukraine as long as it takes. those were biden's words. what beyond that is important, that is important, showing they're still together on this, but in terms of concrete steps do we expect at the summit here? >> we expect there will be new sanctions announced. you'll see president biden make a sta

and sweden nick: on the summit's sidelines, president biden praised turkish president recep tayyip erdogan for lifting his objection to finland and sweden joining nato. the u.s. says that deal had nothing to do with turkiye's desire to purchase new american f-16 fighter jets. but today the administration for the first time publicly enrsing turkiye's desire to modernize its jets, despite congressional resistance. if russian president vladimir putin is feeling the heat from a reinvigorated nato, he chose today to rally his own friends, including iran and 3 central asian, former soviet states. russia and the west continue to take new, confrontational steps. today stoltenberg denied it was a new cold war, but he vowed in ukraine, the west would not blink. >> ukraine can count on us for as long as it takes. nick: stoltenberg was describing the message nato gave to president zelenskyy during a meeting today. a message that zelenskyy delivered to nato? he was not happy that ukraine is waiting for an official invitation 14 years after nato first promised it. he told leaders "nato's open-door polic

turkey's president for the cameras they discussed the global supply of oil and grain the president erdogan has said he would again request new f-16 fighter jets from mr. biden in this meeting which came after dropping turkey's opposition to sweden and finland's membership bids a senior u.s. official denied the two actions were linked. but the white house seemingly endorsed this deal the assistant secretary of defense for international security affairs telling reporters this today quote, the united states supports turkey's modernization of its fighter fleet because that is a contribution to nato security and therefore american security and while the alliance very clearly today declared russia as the most immediate threat, its ten-year framework also called out the people's republic of china, warning in a lengthy rebuke of its opaque ambitions and growing nuclear arsenal. >> kayla tausche live in madrid. for analysis, admiral james stavridis, author of the book, to risk it all. nato expanding is the opposite of what putin was trying to accomplish strategically, though, what does it mean for

numbers of the political party who opposed erdogan's rule. he will meet with numbers of sweden and finland in spain. in the next hour the white house has plans, now that abortion is no longer exists on the federal level. and a major achievement over the weekend, signing the new gun laws, and coming up, kristen welker traveling with the president will examine how the backlash against the decision to cost republicans in the midterm. a new cbs poll shows a majority of americans support a woman's right to choose, which lasted 49 years. will cover all of this and take a look at much of this on social media as well. on twitter you can find me @scottmcgrew and on facebook. >>> a bay area universities the first west coast schools offer housing to afghan refugees. 36 afghan refugees will be given temporary housing on the campus of notre dame university as part of a pilot program. the school leader said it puts their catholic mission of social justice into mission and action. and they say housing is the hardest part of resettlement for refugees. >> the

turkey's conservative government under president recep tayyip erdogan has cracked down on local lgbtq plus events. at least 23 of the protesters have been released so far. >>> in new york, the annual pride parade kicked off this weekend with planned parent hood leading the march just two days after the supreme court ruling that overturned the landmark roe v. wade decision. cnn's paolo sandoval was there and has details for you. >> reporter: the crowds are back to celebrate new york city pride. however, this year another additional element of protest is planned parenthood was invited to lead the parade this year, symbolic move meant to echo the frustration and also the anger we have seen in new york city since the supreme court ruling was handed down on friday. i heard from not just spectators, but also participants and heavy on their mind was justice clarence thomas' additional opinion in which he expressed perhaps it is time to examine previous rulings involving gay marriage. this is a major concern for many of the participants in this year's parade. though the court in its conservat

you see it in duterte in the philippines without cc and egypt with erdogan and turkey you see it in poland and elsewhere. so these economic forces have propelled some of this kind of xenophobic populism that is captured the republican party, but we also get our information now from such different places. this is i think one of the most cross-cutting far-reaching most difficult of challenges and because of of that different way we get our information we are now very much siled and the middle is falling out and so in the republican party you have you know, the most influential mouthpiece, which is tucker carlson he is and i know this sounds like an oxymoron the intellectual thought leader of the gop someone who has dr. hill was saying someone who is essentially espousing the kremlin talking point that ukraine is not a real country, but nonetheless this siled information and these other forces i think have contributed to where the republican party is at present. i do want to say on behalf of a lot of republicans all over the country. our democracy held not insignificantly because at the level

what is assurances if any did you make to president erdogan about his request for new f-16 jets for his military? >> what i said was i said back in december as you'll recall, we should sell them the f-16 jets and modernize those jets as well. it's not in our interest not to do that and by indicating to them, i have not changed my position at all since december. and there is to quid pro quo for-w that. it is just that we should sell, would i need congressional approval to do that and i think we could get that. >> my second question is on your trip to saudi arabia which is coming up next month. as we just discussed, americans are paying $5 a gallon for gas. so do you expect to ask the crown prince or the king to increase oil production and if so how will you balance that with your desire to hold them accountable for their human rights abuses. >> well, first of all, that is not the purpose of the trip. the purpose of the trip, first of all, i'm starting off on that trip in israel. and the israelis are believing it is really important that i make the trip. and in addition to that, what we'r

admiral, sweden and finland gets the pass from erdogan. and now they're becoming members of nato, that's extraordinary as you've explained before for strategic reasons. and now this presence in poland, how important will that be? not only to the united states and europe but also the global security. >> it is vital, joe. you know, if we're allowed to have good news once in a while, today is really a good news day at nato. i'm going to start where you point out with finland and sweden. these are nations that deserve to be in nato. we have wanted them for years. i used to stay in stockholm and helsinki, hey if you want to join nato, tell us on wednesday. you're so good, we'll have you in by friday. i am i'm not saying very, very happy that president erdogan decided to step away from his up position to this these two nations bring terrific higher cyber. the swedes, for example, manufacture superb aircraft, the griffin. they fought with us in afghanistan, they fought with us in libya. also finally on finland and sweden, they bring this northern

of turkish upper edition groups that turkey says were complicit in the failed coup against president erdogan in 2016. it was retorted that they were not terrorists. but an agreement was reached that sweden will crack down more on the pkk and look at extradition that fugitives that ecky wants her back to turkey to face justice. so the border between nato and russia will double inside when finland and swedenjoin an president putin is getting the opposite of what he wanted. he invaded ukraine arguing to stop nato expansion and he is getting the polar opposite. that argument alone would make that summit and historic event, but what else are we expecting there now? the talks else are we expecting there now? iie: talks really else are we expecting there now? tie: talks really will focus very much on western resolve towards supporting ukraine with military, with more equipment and more arms, more political support. the ukrainian president is addressing the nato summit by video link today. the mayor of kyiv was here in a scrum in the press centre last night. he told me that ukraine is very proud and

. —— president erdogan. is there a pessimism that now that perhaps everyone's a little bit too overconfident? t everyone's a little bit too overconfident?— everyone's a little bit too overconfident? .. , ., ., overconfident? i can tell you that there is a sense _ overconfident? i can tell you that there is a sense of _ overconfident? i can tell you that there is a sense of frustration - overconfident? i can tell you that i there is a sense of frustration from finland and sweden, which were said to have got a preapprovalfrom finland and sweden, which were said to have got a preapproval from all 30 members, months ago, when they werejust thinking about 30 members, months ago, when they were just thinking about nato membership, only forturkey were just thinking about nato membership, only for turkey too, they say, raise objections later, further down the line, and that has scuppered, as you say, the hopes that both countries memberships would be approved here in madrid, but it is now more realistic, i think,

against it, but it is something, no doubt, that will come up in those talks today, since president erdogan announced that it would happen and everybody is waiting to see if and when he might try to do that. thank ou for when he might try to do that. thank you for bringing _ when he might try to do that. thank you for bringing us _ when he might try to do that. thank you for bringing us the _ when he might try to do that. thank you for bringing us the details, - you for bringing us the details, thatis you for bringing us the details, that is anna foster against a beautiful backdrop in istanbul. now it's time for a look at the weather with carol. is it looking beautiful out there over the next few days? todayit today it is fairly cloudy for many, and we have seen some rain, heavy overnight, continuing to move away from eastern england, but slow moving across scotland, not reaching the far north, where we see some sunshine. that kills back into northern ireland, where we will see rain later. forthe ireland, where we will see rain later. for the rest of us, looking at sunshine and showers, sho

here's president erdogan today. we explained why we are against the membership of those countries with reasons and examples. until now, we did not receive any concrete document that can resolve our doubts. back in denmark, the referendum isjust one part of a major policy shift since russia's invasion of ukraine. the government agreed to a large boost in defence spending — an extra one billion dollars over the next two years. it also announced plans to phase out russian gas, and is considering allowing us or other foreign troops to be stationed on danish territory. let's go to adrienne murray in copenhagen. thank you forjoining us. we can see you and wondering whether we could. bring us the latest from denmark. the polls closed just half an hour ago and we are waiting for those results. they will not be out until 11pm tonight so around nine gmt. the iipm tonight so around nine gmt. the danes have been casting their votes all day to choose yes or no whether they want this closer relationship to europe when it comes

member and the opposition or president erdogan's opposition to sweden joining n.a.t.o. and more of this, frank, what do you make of it? >> well, i think what's going to happen, as we're going forward here, i do believe the united states is going to continue to support and be aggressive about it. i think it was shameful that it took us a couple of months to agree to provide them multiple rocket launchers and we need to provide more of them. but i think what's in front of us here is the russians have taken significant casualties in their singular focus on taking one city in the donbas region, donetsk and while it's a setback for the ukrainians, the russians had suffered quite a bit. so much so we don't think they have the capability right now after they took the city in a week or two, to do what they should do and that is conduct attacks into the western part of the donbas region they've held off because of the singular focus in the east and be successful in the west. they'll likely have to have an operational pause because they have to refit so many units that are hurt.

>> we know president biden and president erdogan, he made a formal request for the fighter jets and system upgrades last fall and it's been going through the contract process since then. in may president biden suggesting it should improve the software system upgrades at least. we'll see what comes out of that in this meeting but it seems providing new fighter jets themselves that does not sound like it's on the table, sounds like it's simply the software system upgrades. turkey is trying to occupy this middle ground as a critical nato ally while also maintaining a relationship with moscow. >>> pinterest ceo ben silverman stepping down, took the company public in 2019, now going to serve as executive chairman. the company named bill ready its new ceo he was previously in charge of google's commerce business and the coo at paypal pinterest has recently shifted to make ecommerce more of a priority the stock up a little. both sillbermann and ready will be on mad money tonight. >>> later don't miss andrew's interview with stewart butterfield. you can watch or listen to us live any time on the c

background of this, there was a more transactional deal made between the administration and president erdogan, specifically over the delivery of some airplanes, that the turks always wanted, but essentially was scrapped from the program with and purchase of and that your systems from the u.s. years ago. host: what you think president biden's influence has been over this process? guest: i think u.s. leadership is essential. and there are some people in europe who say that a crisis like this should lead to a greater sense of strategic tommy and european solidarity, but in reality i do not think we will have the kind of response to the ukraine crisis without the u.s. leadership. so, you have a significant divide between european countries, germany, france taking a much more relaxed, maybe not relaxed but cautious position with russia than those other countries that feel this is an existential threat for them. and for the u.s. and the u.k., if it was not for them building these coalitions and filling in the gaps, i think that it would be much weaker. so u.s. is not obsolete. host: the american en

certainly, the nato gathering in madrid, a lot will be made there of convincing turkey, erdogan, to allow sweden and finland in. but the g-7 and germany ahead of that, much will be exactly on this topic. pushing the wealthy countries to do more for ukraine. >> i think it is essential. i think the key here is we have to understand that we're making a mistake in the way we think about the war. because we keep thinking about it as their war. the ukrainians are fighting. we need to think about it as our war. putin is waging war on the west. he is trying to destroy the rules-based international order that we americans, we europeans, we all stand for this. this is a direct threat to all of us. we need to understand, this is not a foreign aid project. this is not charity. this is self-defense. this is the front line of freedom right here in the donbas. the ukrainians are fighting and dying for all of us. we need to step up. and to echo what ed luce was saying, it is unacceptable that, right now, the ukrainians are being outgunned 10 to 1 in artillery. they're losing over 100 soldiers a day. the