Biden and Putin Hold Summit, Both Say Talks Were Positive and Constructive

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President Biden and Vladimir Putin had their much anticipated summit on Wednesday and both walked away saying the meeting was positive and constructive. Biden said he pressed Putin on recent cyberattacks and human rights issues, but Putin didn’t seem to cede much ground. They did agree to allow their ambassadors to return to their posts, begin strategic stability talks on nuclear arms, and consultations on cybersecurity issues. Nahal Toosi, foreign affairs correspondent at Politico, joins us for key takeaways.

Next, the housing market continues to have a much lower supply of homes needed to meet demand and now we have a better idea of how many are needed. A new report by the National Association of Realtors says we need 5.5 million more housing units, everything from single family homes to multi-family units. The report does call for policy responses, some of which are in President Biden’s infrastructure proposal. Nicole Friedman, housing reporter at the WSJ, joins us for more.

Finally, the Federal Reserve expects inflation to rise about 3.4% this year and conversations started swirling about what it means for the markets and the economy, but what does it mean for normal people? The short answer… expect higher prices for everything from used cars and airline fares to groceries and gas. Alicia Adamczyk, money reporter at CNBC, joins us for what a rise in inflation means for you.

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