sure, and vice president of the european union chamber of commerce in china. thank you for your time. thank you. and now to some of the other global business stories making you, it's pretty surprises in germany. rows of record pace and may industrial products cost. $33.00 and a half percent more than a year ago. the national statistics office says soaring energy and motor fuel prices are to blame. price increased since 949. want to say germans will have to brace for higher consumer price. an apple store in maryland in the united states made history by forming the company's 1st union. and majority of the 110 employees voted to unionize, demanding a say, and to show decisions on wages and working hours. the joint growing push across american service and tech industries to organize for greater will please protections. bitcoin is falling below 20000 years. dollars for the 1st time since 2020, with central banks raising interest rates. many investors are selling risk. your assets, like the food c, that's also been turbulence in the market as stable con tara implode

she is the vice president of the european union chamber of commerce in china. welcome to the w, bettina. so the mode among european companies in china is turning increasingly sour, locked down, supply chain strains, political pressure. am i missing something? well yes, i'm obviously you and really elicited also and the comment outbreak definitely is quite a, an issue and it causes a lot of uncertainty. then we have a slowing economy and the environmental business environment is getting more and more political. so this makes doing business in china more and more difficult for majority of our members. but what exactly is the impact? we don't see an exit is of companies are doing? no, we don't see an exodus. our company is be course the market is for sure, very big and important. but it causes actually that headquarters will silo. they will decouple their companies here in china. they localize the stuff, they localize id and data storage systems, and the onshore supply chains. and another effect is for sure that this regards to future investments, which would norm

continued to put pressure on revenue, imported by european union chamber of commerce in china fights, also ownership with crypto currencies being habit of the weekend. we'll get an expert's view on what the recent sell off and the bumper economic economic road ahead are likely to mean for bitcoin and up. and we'll go to yellowstone national park in the united states where rather than prepare for visitors, residents are now trying to contend with the damage caused by flooding. uncles cobra, from the program, germany needs to lower its gas usage is a so that its reserves can be filled up by winter. says the country's economy minister, robert ha, back for now germany will ramp up electricity production of coal power plants to make up for the limited natural gas supply. a move that will raise carbon emissions . and then also plants introduce an option to compensate companies that lower their gas usage. this comes after rushes gas from announced it would be reducing gas delivery.

the german chamber of commerce in china giving us perspective on the untangling of supply chains amid china's reopening. up next, china is doubling down. that is just ahead. this is bloomberg. ♪ >> hurricane. that hurricane is right up there. we better brace yourself. shery: the rest are exasperated and now we have quantitative tightening tools. this continues to be job number one. kathleen hays is here with the latest. kathleen: it's interesting. jamie dimon talking about a hurricane while some are hoping for a softest landing. jim bullard is known as one of the most hawkish people on the federal reserve. he wants interest rates up to 3.5%, others say 2% might be enough. he's raising the possibility of cutting next year. his most worried about the fed's credibility on inflation. this is going to be harmful. let's listen to what he says. >> we could look at reducing the policy rate in future years in 2023 or 2024. kathleen: looking at that board, she is comfortable raising rates until he gets down to 2%. that could take a while. you think there is no recession in the data, not worri

e-commerce in china. there's a battle going on in e-commerce, more players there than in the u.s. where amazon is really dominant that will constrain them a little bit. they rely on others for that they're tied up with 10 cent and their payment system and that's a source of revenue for them more broadly when you look at china tech, what we're seeing and what moved stocks, china clearly signaling they're going to ease up a little bit on all these regulatory constraints that have really hurt the tech industry in china, so we prefer some other names, baidu, 10 cent not only do they have the search engine and the advertising but the cloud business and we're still seeing an awful lot of growth in the cloud expansion which i think will really help a company like that. plus, we see china, the government, really has an incentive to take off all of these restraints because they have 10.76 new graduates in china that have to get jobs, and they really need growth to come back in order for those folks to find jobs. w

he is at the european chamber of commerce, a president in china. thank you very much for your time today. thanks for watching . ah ah, with, with is consumerism good or evil? how does a candy wrapper from germany end up in a river in malaysia? is basmati just the type of rice or the specific brand? the brain in packaging? why do we reach for certain products? it's all about marketing made in germany in 30 minutes on w with hello guys, this is the 77 percent the platform with, you know, or this channel. we are not afraid to capture delicate topic because population is growing. and young people clearly have the solution. the future, you know, for the 77 percent, every weekend on d. w. it is a secret and endless one axis. the conflict between iran on the one hand and israel and the united states on the other. with more than 40 years, the adversaries have been irreconcilable. there is never been any real dialogue. how did this confrontation begin? how great is the danger that it was spread? the long war? he's real. iran usa starts june 15th on d. w. ah

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he is the european chamber of commerce, a president in china. thank you very much for your time today. thanks for watching . ah ah. with a good or evil. how does a candy wrapper from germany end up in a river in malaysia? is basmati just the type of rice or the specific brand? the brain in packaging? why do we reach for certain products? it's all about marketing. made in germany. 90 minutes on d, w. d, w, a. talk show a strong opinion. clear positions, international perspective. every week we get to the point on a current topic with controversial commit it to the point on d, w. and we're interested in the global economy our portfolio d w business beyond. here's a closer look at the project. our mission. to analyze the fight for market dominance. a d w business beyond a ah, ah ah, this is every news live from berlin, deadly crash, a car drives into crowds in a berlin shopping district. before smashing into a store front. police say one person is dead and several others injured. the driver is in custody and there are now reports. he may have.

here in china, it's likely going to be at least a month to get supply chains up and running again. now managers are assessing the state of their operations. they're looking at their inventory, components, also the readiness of their equipment and on top of that businesses face a whole host of other challenges operating under the current covid restrictions so, for example, the eu chamber of commerce says that they've been very concerned about a worker shortage. migrant workers have left the city unclear as to whether or not they're going to want to come back after losing so much income truckers have also quit their jobs saying i don't really like having to deal with all these covid restrictions another big concern for both the eu chamber and amamcham, now th will have to get a 72-hour covid test and sometimes the wait in the morning to get that covid test has been one hours, two hours and that's seen as a productivity killer. then there's also a whole host of kind of odd restrictions that conflict from the city level versus the district level. for example, just today i heard that so

well, pro china lobbyists don't care about jobs in the united states. and the chamber of commerce are doing back flips tonight. so is this the product of a compromised biden family vis-a-vis china, do the elites in washington already think that the united states has lost the global race with china? in other words, why not help clear the field for an easier transition? these are all disturbing questions but we should ponder them. think about them. seriously think about them. what we do know, though, is that our lame duck president is sounding more like a bad actor in a film that went straight to video. >> the bottom line is this, i truly believe we've made extraordinary progress by laying a new foundation for our economy. >> trump did not leave a very good situation. you think i'm kidding. i say america's back and they look at me and they say, for how long? >> laura: no one, literally no one thinks that biden will do anything except embarrass us on the world stage. the white house announced an upcoming trip to saudi arabia in july, maybe you heard about

in china. your daughter was literally falling down? >> garfield: yes, she fell down multiple times a day. >> pelley: they were evacuated, and enrolled in a state department treatment program at the university of pennsylvania. recently, garfield told us his family was hit again during their year of treatment in philadelphia. >> garfield: my wife catapulted out of bed and sprinted down the hallway to check the children, without any word. and she came back, and she told me that an extremely loud, painful, sound had woken her up. >> pelley: so, they moved to a hotel-- where garfield says it happened again. >> garfield: and we woke up around, i believe 2:00 a.m., with strange vibrations in our bodies, and a sound. >> pelley: which led garfield to check on his children, in another room. >> garfield: i saw an extremely eerie scene, where both were thrashing in their beds-- asleep, but both kicking and moving pretty aggressively. and i went over to my daughter, and i put my head down next to her head,

shery: tell us about the rise of social commerce and topic this is in china. jacob: it is certainly getting bigger. one major thing we have seen, alibaba really controlling a large part of the market. now, people are inference -- are influenced by a variety of platforms. redbook is important. increased consumption which is direct to consumer. joyan reporting triple digit increases in their e-commerce. if we lose the audiences of the big three and now, two of them are offline, we expect that to be spread out broadly amongst the influencers, which is going to help brands by being a lower barrier to entry. you have a lot of bidding that drives up individual slots, there is only so much time on those shows, but that -- but if that spreads out, it is going to be easier for brands to access that type of time as well as opening their own channels to direct communications with consumers. . shery: jacob cooke, wpic marketing and technology ceo, thank you. coming up, a paper loss of $219 billion on bond holdings. next on where traders are placing their bets. this is blo

according to the commerce secretary however, the tariffs on chinese steel and aluminum will remain in place covid lockdowns weighed on the economy in china the pmi came in at 4.1 in may from 36 in april and indoor dining is set to resume in all districts. state media reported that traffic bans will be lifted and normal work will are resume aftr the two-month lockdown we filed this report >> some covid curbs were eased, but the economy still contracted suggesting people are holding back given the uncertainty of covid zero the survey out today looks at the private and smaller firms. fuelling expectations the economy could be in for a slow recovery new business fell for a fourth month after continued sluggish demand that meant companies hired fewer workers. the employment gauge contracted further. rate of the jobs shedding was the fastest in 15 months that is a wi worrying sign for e economy. inflation pressure persisted, but in a good sign costs eased to the nine-month low. companies passed on some costs to customers beijing relaxed more restrictions today which should bode well for the

we will be discussing business sentiment in china. the eu chamber of congress -- commerce will be joining us. plus, is the worst really over for china stocks? they will talk strategy is markets open. she explains why chinese equities had that uptick in asia. this is bloomberg. ♪ at cdw, we get if your network power goes down, your business goes with it. recording: thanks for calling, we are unexpectedly closed today due to... cdw experts can keep you up and running with an apc smart-ups lithium-ion ups from schneider electric. it offers cloud-enabled remote monitoring and three times the battery life, so you can get the performance and certainty you need to stay open for business. for resiliency at the edge, trust schneider electric and it orchestration by cdw®. people who get it. psst. girl. you can do better. and it orchestration by cdw®. ok. wow. i'm right here. and you can do better, too. at least with your big name wireless carrier. with xfinity mobile, you can get unlimited for $30 per month on the nation's most reliable 5g

but right now if you are in china you can still deal with business as well as some of the advertising and cross—border e—commerce. monitor in singapore. —— monica. as in many parts of the world, america has an inflation problem. fuelling that, a trickyjobs market — employers are finding that they just cant get the staff. but could that be changing? the bbc�*s samira hussain has more from new york. when is a bad job support good news? that is a question economists and policymakers are asking themselves. president biden has said the biggest problem in the us economy right now is inflation. prices rising at their fastest rate in decades, leaving household budgets squeezed and voters unhappy. one of the things that attempts to fuel inflation is a very tightjob market. if the economy is creating jobs as quickly as it has been recently, then more and more people are earning money, and increasing the overall demand for goods and services. higher demand tends to cause higher prices. so, if thejobs report out on friday shows another month or over 350,000 jobs being created, then fo

he joins us live in studio in person. is this minuscule relief something like .26% crop in inflation that dropping the china tears would lead to is that worth the long term damage that undoing these tariffs would lead to. >> let's put the .26 in perspective. inflation last month was 8.3% so this is a minuscule thing not only relative to the economy but relative to the target a lot easier things they could to fix the inflation, changing the policy about being anti-fossil fuel would be a good start. something like 40% of the inflation is coming from energy costs. but you don't hear talk about that. that's an act that they committed without thinking about the other consequences of it. second thing remember they kept saying good things about clean energy is it will make jobs. how does bringing more stuff in from china create american jobs? that's a hard puzzle to solve. >> carley: also, there is a lot of talk this morning, despite the fact that gas prices are at record highs, the biden administration is now talking about sola

roots to trade in in china and in east asia, so the maritime trade commerce and finally this this sense of mission this mission that it transformed from from just an errand into the wilderness of self-government to to spreading self-government and maybe that's the mission and this this all ties together under this sense that there was that americans had of themselves that there was something exceptional about them that old city on a hill idea that we talked about with john winthrop. that that new england colony was going to be a city on a hill and it and an example to the to the world and the world would clean up attack and have a self-government and a christian commonwealth etc that's transformed by this time into this sense that the mission of the united states is just a spread republican government representative government. most people nowadays would use democracy and republicanism as synonyms, but they they would have used the word republicanism still quite quite a bit. and so what what was it about the americans it was so exceptional. the the people promoting this rhetoric in the

the first place in the 14 hundreds, looking for routes to trade in china and in east asia. so the maritime trade, commerce, and finally this sense of mission, this mission that had transformed from just an errant into the wilderness of self government to spreading self government and maybe that's with a mission. and this, this all ties together and in this sense that there was, that american said of themselves, that there was something exceptional about them. that old city on a hill idea that we talked about with john winthrop that new england colony was going to be a city on a hill and an example to the world and the world with cleanup exact and have self government and a christian commonwealth it's a drug. that's transformed by this time into the sense that the mission of the united states is just to spread republican governors, representative government. most people nowadays would use a democracy and republicanism as synonyms, but they would have used the word republicanism still quite a bit. and so, what was it about the americans that was so exceptional? ? the people p

china's statistic bureau says it expects the economy to improve in may with covid outbreak stays under control. the u.s. commerce department will announce retail sales for may on the same day. sales rose 0.9% in april from the previous month. the fourth consecutive month of increase. personal consumption remains strong despite record level of inflation because of higher employment and wages. >>> the central bank and the u.s. and japan will be making monetary policy announcements next week. their measures are expected to go in different directions. >>> the u.s. federal reserve will wrap up a two-day meeting on wednesday, the fed raised its benchmark over night interest rates by half a percentage point in may to control inflation. this was the biggest trump in two years. chair jerome powell says policymaker is ready to approve additional half a percentage of hike. some experts are worried this could slow the economy. the bank of japan will finish its two day policy meeting on friday. boj decided to maintain its policy in the last meeting of april, keeping short term negative interest rat

china. with trade between the 2 countries surging russian foreign minister survey law prov, says he sees inexhaustible potential in their relationship. can new commerce.

the second-largest shopping festival in china after alibaba 's singles day. year-over-year jd.com is down just over 10% while pinduodou is down 51%. charles was mentioning kellogg but if you joined us at the top of the hour kellogg announcing its biggest move in decades. it's going to split into three independent public companies. the first of which will be its cereal and plant-based businesses. that's scheduled for the end of 2023. then the next would encompass snacks which i would argue frost ed flakes are a snack. noodles, international cereal, frozen breakfast which include brands like pringles, cheez-its and ego waffles and i eat the entire sleeve of a pringles can. kelloggs is still exploring further strategic alternates for its plant-based businesses including a possible sale and by the way names of the three new companies will be determined later. shares of kellogg getting a nice move here, off the highs of the session though up 2.6%. and if that story didn't make you hungry,mondolese is buying cliff bar & company for $2.9 billion to expand its global

in china are also seeing slow growth. he added a fertilizer shortage could work in economic conditions elsewhere. the world bank has already cost it's global growth will cost for this year by nearly a full percentage point to 3.2 percent from 4 point one percent. well, the international monetary fund has also declined to rule out a global recession, but it says, well, the economy still has a cushion against contraction. there are many head winds to the global economy, the war could escalate, you could have sanctions encounter with sanctions. we central bankers around the world type thing, monetary policy, financial conditions could tighten much more rapidly than we want to the scene. and growth in china is slowing. so all of these pows downside risks to our forecast. so again, globally, i would say 3.6 percent, there is a buffer at the same time, there are countries that are getting hit hard new countries in europe that are getting hit hard by the war where we could certainly see technical recession. now let's have a look

only con variant, the broader outbreak in beijing has already lost it for more than 50 days. with many people staying home and some business is closed, the cities commerce has been disrupted. a price china is willing to pay so far, at least as it pursues to so called 0 covert policy and strives to stamp out the disease. many residents are ready to go along with the strategy. leslie feel, the alternative could be worse than that. even her teacher was i'm worried because i previously stayed for a while in shanghai. the epidemic there started with a small store and nobody thought that the situation would be so severe orders. now, beijing is in similar trouble. to shanghai returns on through junior, who are those in shanghai as slowly recovering after a 2 month heart locked down with this, it is once again able to enjoy some of the tourist sites. it has to offer such as to newly. we opened disney town, but the city is still far from normality. since any new outbreaks could change to life shall high people just started to enjoy again. joining us in the studio is tanya an associate

the city's commerce has been disrupted. a price china is willing to pay so far, at least as it pursues the so called 0 covert policy and strives to stamp out the decease. many residents are ready to go along with the strategy, as they feel be a tentative could be worse. and that even harder to chisel was, i'm worried that because i previously stayed for a while in shanghai, the epidemic there started with a small store and nobody thought that the situation would be so severe order. now, beijing is in similar trouble to shanghai food with susan virginia who are those in shanghai as slowly recovering after a 2 month heart locked down with visitors. once again able to enjoy some of the tourist sites. it has to offer such as the newly we opened disney town. but the city is still far from normality. since any new outbreaks could change to life, shanghai people just started to enjoy again. joining us in the studio is tanya, an associate professor of political science at the national university of singapore . thanks for joining th

chamber of commerce, attendees getting metal water bottles and sun glasses made with made in china labels clearly stamped on the product. in the happening at the summit of the americas, a three-day conference concluding yesterday with meant to high to light private sector and global business prevalence in the western hemisphere. they probably need to read that memo a little closer. everything is bigger in texas, it's not a state the, let's face it, it's a country. especially the hats. look at this, will and lawrence don't know this, but we posted a who wore it best for cowboy hats that they sported earlier. i guess you voted on in the on instagram, and they declare lawrence the winner, it's not even close. lawrence: a landslide. rachel: so, will, you win the corn contest, the corny contest -- [laughter] and he wins the fashion hat -- will: i don't like it. i don't like it. lawrence: listen -- will: i smell a rat. lawrence: anybody who knows -- listen -- will: it's not right. [laughter] lawrence: listen, will, i am -- will: you went to instagram. lawrence: i did not. i didn't know anything

public transport resumes in beijing as china's capital rolls back restrictions. plus, trade war reprieve, the u.s. commerce secretary says partially ending some trump-eric tarriffs may make sense to help tame inflation. travel and tarriffs drive the narrative apps we see this china bounce drive higher. we start with a pro risk narrative this morning. dani: it feels like an even keel when it comes to risk assets. central banks are said to hike, this does not include the ecb. let's get to that risk story, looking at china stocks opening higher. they are coming off of a long weekend, they are up one and a half percent lead by industrials and materials. that gets to this idea of travel coming back, the s&p 500 futures are up .5%, euro stoxx futures going higher as well. playing a little bit of catch-up. u.s. stocks did end lower friday after strong payrolls numbers, but a little bit of bounceback this morning. manus: i have it on good authority a lot of cake was eating over the weekend. dani: indeed. manus: we will come to the mliv survey in a moment. it is amazing h

india and set sail for china. the distinction between private mercantile interest and the government. these were not completely separate there, there was a commonality of interest in the age of imperialism. of commerce was good for the empire. the empire was good for commerce so. so these things very much one together . on behalf of the british crown, jardin and madison to scottish gentlemen in embroidered waste coats and patent leather slippers invented international drug trafficking. in the bay of canton, the 2 traders bribed the port authorities unsold their cargoes of opium to the chinese emperor's worst enemies. the triads. these powerful secret societies had a single claim to overthrow the dynasty and power loop. humor, would you see? i done it. lavish, only the millionaire tells you, ah, this in me, and he forced to defeat it book with her to say it says to this, she fla. alexander, companies don't said these are gonna buy data or nobody's. if he, he good to you man. the play fake it to a pure man. they als

tariffs into imports coming in. more about tariffs going into china. sec. jean-pierre: i just don't want to get ahead of that. i know when the secretary was doing sunday television yesterday. she spoke to this. as she said, the president has asked her and others in the administration to look at this. to look at the chinese tariffs. i do not want to get ahead of it. she even said the president is going to have to make a decision once it is presented to him. i just don't want to get ahead of any of that at this time. >> taking a step back from that. what emergency is a president using to invoke the defense production act? it was made during the 1950's, during the korean war, it was enacted. it was a real emergency of the solar energy for the defense production act. sec. jean-pierre: i was going to say first, the president, when he takes the defense protection act, it is to make sure he is delivering for the american people. it is an important tool he has used a couple of times. and it has been incredibly effective. so

it is up 6.5% according to commerce bank and it has a further lift in the last hour with brent crude $117 a barrel, not where we were a week ago. jonathan: china at the epicenter of nato talks in madrid today and the next couple days and at the epicenter of price action, too. tom: i wanted to talk about including turkey, sweden, and finland. the china story to me is in the headlines. they are trying to reopen. jonathan: i will get excited when they get rid of the quarantine. lisa: going from 14 days to 10 days. this is not a removal of the zero covid policy. this is a temporary reprieve to actually help support global growth. how long it will last, how much uncertainty this will cast remains to be seen. jonathan: no clue what china is going to do for some of these earnings for the rest of the year. lisa: and how much of a hit they took. what our company is going to do with the strategic issues with how nato is raising concerns about china paired with the lockdowns that are intermittent in china? how does a u.s. company deal with that? tom: we have to be mixed on this. hsbc went on lu

department of defense has one, department of commerce, commerce is more industry driven. you cannot invest in no companies, to give you some perspective, there are about 125 billion dollars visited from the united states in to china every year. and only 500 million much that is screened to protect the united states from exporting technologies, they could go straight into the prc, military apparatus. the hypersonic weapon that we saw them launch, went around the world landing with precision. that could carry a nuclear warhead was build on the backbone of american technology. that needs to stop. trey: congressman, during the pandemic there was much discussion about reducing our reliance on good imported from china, is there still talk about decreasing our reliance on what is becoming an adversary of ours. >> i think that covid woke everyone. the united states, we're too reliant on medical supplies out of china, and two other critical supplies, one is rare earth minerals, that is important that goes into so many things that we manufacture. they corner 85 percent, the most im

if you remember, concern there, of course, is china's rolling back human rights in places like hong kong and also, according to the u.s. government, pursuing aside against the uighur minority in northwest xinjiang. back to you. jackie: a quick look at the markets as s&p because sit in bear market territory. back with me, war on small business author carol roth and the expert press ceo dave maney. great to see you both again. carol, we've pared our losses here, down 5912 points -- 592 points, but still not a great day ahead of the fed's meeting and decision announced on wednesday. your thoughts on how investors are digesting all the news we're getting. gas prices over $5, inflation at a 40-year high and just what people are feeling out there the with respect to the worry about recession is. >> yeah. i mean, i am right now, jackie, a chicago bear, and i think that in terms of the fed if and the economic back crop we're seeing, market -- backdrop, the market key the jesting in a way --ty the jesting in a way of -- what we haven't seen is a change in the valuations based on earnings. earning

eastern time >>> still ahead the etf negative in june. raymond james is bullish on the space initiating commerce companies with the outperform. the analyst himself calls the move bold. he joins us ahead. plus, china is apple's second largest market but the company expected to take a multibillion dollar hit to revenue from china this quarter is a rebound now under way and what's it mean for apple's product line that's next. here is a look at the dow heat map. walgreens, salesforce and travelers once again the best of the bunch. >>> welcome back to "the exchange" on the final trading day of the first half of the year the dow was down 600 points. currently 162. energy only up 30%, though the two biggest laggards are communication. the top two performers are energy names exxon is up 40%. it's on pace to snap a six-month win streak it would be the best stock in the dow had it not been replaced with salesforce. exxon sales have more than doubled. cruise lines among the worst performing names in 2022 they've lost half their value during what sho

government move against china and beyond meat keeps trying to get consumers interested in its fake meat. silvana is here with those and more good morning. >> good morning. let's start with the commerce department, adding five new chinese companies to the export blacklist for violating sanctions and allegedly providing support to russia's military >>> pinterest long time ceo and cofounder ben silverman is stepping down and transitioning to executive chairman of the board, a newly created position. bill ready will be taking his place and joining pinterest's board of directors jim cramer will have more on this tonight on mad money. >>> and beyond meat is preparing to launch a sliced steak product as it looks to boost sluggish sales. the company plans to launch the new steak product this year in retail stores and eventually restaurants. ethan brown tells wall street the faux steak is probably one of our best products to date, brian. how do you feel about that >> i don't want to knock beyond meat i know there's a lot of people that love it i've tried all these products. i find them all tasti

this is potentially good for china we heard the commerce secretary say this tbleekd might be more tariffs lifted on china. >> to go back what mara said about china and solar panels. remember just last year this administration banned solar panels made in china. they mostly come from the jing jiang reason which we know slave labor is happening. declared by president trump and mike pompeo. this administration would lead with human rights. buff when you are potentially making it easier to import solar panels that are made through slave labor, that is not putting human rights first. and also, if we are going to relieve any sort of tariffs on china, what deal are renegiating? what is the bipgd team getting for it? we should not continue a foreign policy where we relieve tariffs on china. relieve sanctions pressure on iran and allow their oil to be bought as well. without getting anything for it in return. that's my big problem. it's like where is the negotiation here? >> meantime on capitol hill, the gun talks continue in earnest, we are told. here is senators murphy and toomey. >> obviously we

. >> reporter: so the commerce secretary also in that interview with cnn's jake tapper, he said the administration was looking at different things including possibly removing some tariffs that former president trump put in place to punish china, really trying to get some of that logjam breaking down in the supply chain. we know the federal reserve is considering a couple different options here. the white house continues to say this issue is top of mind as americans pay more at the pump, at the grocery store, and you can continue to name more places where those prices remain very high. laura? >> all right, jasmine, thank you. >>> and we just have a brand-new update from the gas pump. prices hitting another record this morning. aaa saying today's national average for a gallon of regular, $4.87. look at that, that's up 25 cents from a week ago. california as usual has the highest price at $6.34 a gallon. blame the start of the summer travel season, which is raising demand, while supplies are tight, of course, on top of volatile crude oil prices. and the russian invasion, price is up some 30% since th