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South Africa considers importing crude oil from Russia. The country's Energy Minister says Russian oil is not on the sanctions list.
Also, the Democratic Republic of Congo says it's suspending all trade agreements with Rwanda. They say it's because Rwanda is supporting the M23 rebels which further exaccerbates levels of violence in the Eastern DRC. Kigali denies this claim.
Plus more...
A deadly church shooting in Alabama. A close call for Mike Pence on January 6. Watergate -- 50 years later. Correspondent Peter King has the CBS World News Roundup for Friday, June 17, 2022:
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The news to know for Friday, June 17th, 2022!
We'll tell you a few of the key takeaways from the third January 6th committee hearing. It was mostly focused on former Vice President Mike Pence.
Also, the number of illegal border crossings hit another record.
Plus, an NBA team was crowned this year's national champion, one of the world's biggest sporting events could be coming to your city, and there are two reasons to celebrate this weekend.
Those stories and more in around 10 minutes!
Head to www.theNewsWorthy.com/shownotes for sources and to read more about any of the stories mentioned today.
This episode is brought to you by Zocdoc.com/newsworthy and Rothys.com/newsworthy
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Republican Mayra Flores made history on Tuesday, winning a South Texas congressional seat that had been occupied by Democrats for more than 100 years. The district, which is largely populated by Latinos on the southern border, went for President Joe Biden in the 2020 presidential election.
So how did Flores win?
"I think this speaks to Ronald Reagan's message of Hispanics are Republican, they just don't know it yet," says Cesar Ybarra, vice president of policy at FreedomWorks. "Republicans have been doing a better job at explaining the Republican Party platform to Hispanic voters. This has been amplified just by the terrible job that President Biden and the congressional Democrats have been doing with the economy."
Ybarra thinks that Flores victory is the beginning of a resurgent GOP making inroads with minority voters, but that it will take time.
"Big changes don't happen in two years, in four years. We've got to look at the long game," he says. "And what happens in politics too often is we get so bogged down in winning the day and winning the week that we forget about where we want to be in 2025, where we want to be in 2030."
Ybarra joins the show to discuss the increasing shift of Latino voters from the Democrat party to the GOP, and what this means for future elections.
We also cover these stories:
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The most valuable crypto stories for Thursday, June 16, 2022.
"The Hash" hosts discuss Tether's new wave of redemptions as fear of market contagion spreads, and Tron DAO deploying $220 million for token purchases.
This episode has been edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”
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Markets increasingly bet on economic downturn as the Fed hikes by 75 bps.
This episode is sponsored by Nexo.io, NEAR and FTX US.
Yesterday, the Federal Reserve increased the target Federal Funds rate by 0.75% – the biggest increase since 1994. While the markets initially popped on the news, stocks subsequently tanked and began pricing in even more economic pain to come. In today’s episode, NLW looks at the growing consensus around the idea that the United States is headed towards a recession.
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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Drew Angerer/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
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