CNN 5 Things

The clock is ticking for the US and Iran to finalize a peace deal as talks are delayed.  Traders worry the market is overreacting to the potential reopening of the Strait of Hormuz. It’s back to the drawing board for Luigi Mangione’s defense team in his state murder trial. The new acting spy chief’s early arrival caught staff off guard. Plus, New York City mayor and other leaders are calling for suspension of a nostalgic attraction in Central Park.
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Tougher talks between the US and Iran lie ahead after both sides signed an initial agreement. We break down highlights from the opening ceremony of former President Barack Obama’s presidential center and the big names who were – and weren’t - there. We’ll tell you what the Supreme Court decided in a case weighing drug users’ gun rights. Mortgage rates are lower this week, but the relief may be short-lived. Plus, the jailed tycoon that’s a long way from repaying her victims.
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The US has signed a ceasefire agreement with Iran, but some folks aren’t happy about the terms. Oil markets are stabilizing because of that agreement, but what does that mean for gas prices? The Justice Department is cracking down on naturalized citizens - we tell you why. Ukraine has ramped up drone attacks against Russia - we give you the latest on that front. And New York is partying like it’s 1973, thanks to the Knicks.
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President Trump and Iran's President have signed a 14-point agreement. Storms shift south and east after powerful tornadoes hit the Midwest. The Fed keeps interest rates steady for now. Former President Obama will open his presidential center, today. Plus, New York Knicks fans line up for a parade expected to draw millions.
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We start with Wall Street’s reaction to the Federal Reserve’s latest decision on interest rates. President Donald Trump issued a stark warning to Iran about future talks. A judge has sealed the fate of the Long Island serial killer. We have new developments about how Luigi Mangione’s state murder trial will pan out this fall. Plus, we’re tracking the first named storm of the Atlantic hurricane season.
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