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Start Your Week Smart: China, South Korea, Gun Violence, Gas Prices, LIV Golf

By Andrew Torgan, CNN

If you haven’t looked at your 401(k) in a while, take my advice: don’t. Americans lost half a trillion dollars in wealth earlier this year as the stock market crashed.

Here’s what else you need to know to Start your week smart.

The weekend that was

• China’s defense minister today accused the United States of being a “bully” and “hijacking” regional countries in a combative speech in which he said his country would “fight to the end” to prevent Taiwan independence.

• South Korea will “significantly” boost its defensive capabilities, the country’s defense minister said today amid international concern over North Korea’s resumption of its nuclear testing programme.

• March for Our Lives, the student movement focused on gun violence prevention, returned to Washington, DC on Saturday with a mass protest following recent shootings in Uvalde, Texas, and Buffalo, New York.

• For the first time ever, a gallon of regular gasoline in the United States now costs $5 on average nationwide, according to AAA Saturday readings.

• South African Charl Schwartzel won the first individual stroke play competition in the controversial Saudi-backed LIV Golf Invitational Series on Saturday. With the win, Schwartzel earned $4 million for the 54-hole event over three rounds.

The week ahead

Monday

The House Select Committee investigating the Jan. 6, 2021, attack on the U.S. Capitol will hold its second public hearing at 10 a.m. ET, with additional hearings scheduled for Wednesday and Thursday, as well as the following week.

Tuesday

Primaries will be held in Maine, Nevada, North Dakota and South Carolina, and there is a special election in Texas’ 34th congressional district to fill the seat vacated by Democratic Representative Filemon Vela, who resigned in March.

It is also Flag Day and the 76th birthday of former President Donald Trump.

Wednesday

The Federal Reserve will wrap up a two-day meeting on interest rates. The central bank is expected to announce a half-percent interest rate hike, but based on last week’s news that inflation has risen at the fastest rate in 40 years, the Fed may decide to ‘go higher.

June 15 also marks the 10th anniversary of the Deferred Action for Childhood Arrivals (DACA) program which protects hundreds of thousands of undocumented immigrants brought to the United States as children from deportation.

Friday

June 17 marks the 50th anniversary of the Watergate burglary, when five men were arrested after breaking into the Democratic National Committee headquarters at the Watergate complex in Washington, DC.

Saturday

The 146th annual Westminster Kennel Club dog show is due to begin at the Lyndhurst Estate in Tarrytown, New York. The show was originally scheduled to be held in January, but was postponed due to the Covid-19 pandemic.

And it’s Sir Paul McCartney’s 80th birthday. Happy birthday to you!

Want more than 5 things?

This week on the Sunday edition of the 5 Things podcast, CNN’s Josh Campbell examines the weapon used in so many mass shootings: the AR-15 style rifle. He tells us what makes the weapon so deadly, how law enforcement has adjusted their policies in response, and what Congress might be willing to do to further regulate it. Listen now.

Pictures of the week

Discover more moving, fascinating and stimulating images of the week which was organized by CNN Photos.

What’s Happening in Entertainment

Broadway’s Biggest Night

The 75th Annual Tony Awards will take place tonight at Radio City Music Hall in New York City. Oscar winner Ariana DeBose will host the show, which will air on CBS and Paramount+ at 8 p.m. ET.

To infinity and beyond!

“Lightyear,” Pixar’s “Toy Story” spin-off, hits theaters Friday. Chris Evans lends his voice to the animated origin story of Buzz Lightyear, the legendary space ranger who inspired the toy.

What happens in sports

NBA Finals

Game 5 of the championship series between the Boston Celtics and Golden State Warriors is Monday at 9 p.m. ET. Steph Curry produced a masterpiece 43 points on Friday to propel the Warriors to a 107-97 victory and tie the series at 2-2.

U.S. Open

The 122nd US Open, the third major on the golf calendar, kicks off Thursday at the Country Club in Brookline, Massachusetts. Tiger Woods, who withdrew from the 2022 PGA Championship last month after struggling in his third round, will not be on the court. A number of golfers who were suspended by the PGA Tour for playing the inaugural LIV Golf event near London last week, including Dustin Johnson and Sergio Garcia, will be allowed to play at the US Open, which is being held by the United States Golf Association. .

It’s quiz time!

Take CNN’s weekly news quiz to see how much you remember from the week that was! So far, 54% of other quiz fans have scored an 8 out of 10 or better this week. How well can you do?

Play with me

Minimum wage

How many songs do you know that mention a 401(k) in the lyrics? Well, at least one now. (Click here to see)

The-CNN-Wire
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Post expires at 4:41pm on Thursday June 23rd, 2022