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  • In the day's other news: Russia's President Vladimir Putin and Ukraine's President Volodymyr

  • Zelensky held their first one-on-one meeting.

  • It came in Paris, after they met with French President Emmanuel Macron and Germany's Chancellor

  • Angela Merkel for broader talks at a peace summit.

  • Putin and Zelensky said the meetings were positive, and they agreed on a prisoner swap.

  • Russia backs rebel forces that control Eastern Ukraine.

  • North Korea sent hostile new words in the direction of President Trump today.

  • Former nuclear negotiator Kim Yong-chol called the president -- quote -- "a heedless and

  • erratic old man."

  • That came after Mr. Trump tweeted Sunday that North Korea's leader, Kim Jong-un, is -- quote

  • -- "too smart" and has gone too far -- and has far too much to lose to return to open

  • hostility.

  • Iran says that it is ready to swap more prisoners with the U.S. after an exchange on Saturday.

  • Tehran freed a Chinese-American scholar who is accused of espionage.

  • Washington released an Iranian scientist charged with violating sanctions on Iran.

  • In Tehran today, a government spokesman said the swap doesn't open the door to broader

  • talks.

  • ALI RABIEI, Iranian Government Spokesperson (through translator): We are ready for cooperation

  • to bring back all the Iranians unfairly imprisoned in America.

  • But I emphasize that the prisoner exchange wasn't done based on negotiations.

  • JUDY WOODRUFF: At least four American citizens are currently being held in Iran.

  • Police in Hong Kong report that they have made 6,000 arrests during six months of pro-democracy

  • protests.

  • Today's announcement came after hundreds of thousands of protesters marched peacefully

  • through the city on Sunday.

  • Many carried banners and chanted "Fight for freedom."

  • Officials approved the march in advance.

  • In France, mass strikes kicked off the workweek with near standstill commutes.

  • Parisians crammed into the few available trains, as transit workers stayed off the job for

  • a fifth day.

  • And in Lille, train tracks at usually bustling stations were empty.

  • The strikers are targeting President Emmanuel Macron's calls for pension changes.

  • The World Anti-Doping Agency banned Russia today from international sporting events for

  • four years over state-sponsored doping.

  • Russian athletes will still be allowed to compete at next Summer's Olympics in Tokyo

  • and elsewhere, but not with their flag or their national anthem.

  • In Switzerland, the Anti-Doping Agency said that Russian authorities have only themselves

  • to blame.

  • CRAIG REEDIE, President, World Anti-Doping Agency: Russia was afforded every opportunity

  • to get its house in order and to rejoin the global anti-doping community for the good

  • of its athletes and for the integrity of sport.

  • But it chose instead a different route.

  • JUDY WOODRUFF: The Russians signaled that they will appeal to the Court of Arbitration

  • for Sport.

  • At least five tourists are dead after a volcano erupted today off New Zealand's coast.

  • Eight more are missing and feared dead.

  • It happened on White Island in the Bay of Plenty, just north of the mainland.

  • Dozens of people were exploring the area at the time.

  • Most were evacuated, but some were critically injured.

  • Back in this country, the U.S. Supreme Court left in place a Kentucky law that mandates

  • ultrasound exams for women who want abortions.

  • The statute requires doctors to perform the ultrasound and show the images to the patient

  • before any abortion procedure.

  • An appeals court had upheld the law.

  • The Supreme Court refused today to review that ruling.

  • On Wall Street, stocks pulled back, as investors kept watch on U.S.-China trade talks.

  • The Dow Jones industrial average lost 105 points to close at 27909.

  • The Nasdaq fell 34 points.

  • And the S&P 500 slipped almost 10.

  • And former Federal Reserve Chair Paul Volcker died today.

  • His passing came 40 years after he drove interest rates to record highs to tame double-digit

  • inflation.

  • Economics correspondent Paul Solman looks back at Volcker's life and work.

  • PAUL SOLMAN: At 6'7'', Paul Volcker was known as tall Paul.

  • And, indeed, he towered over economic policy for more than 60 years.

  • President Jimmy Carter chose Volcker to head the Federal Reserve in 1979, when the U.S.

  • faced runaway inflation.

  • To bring prices under control, Volcker, never without a cigar, choked off the money supply,

  • driving up interest rates to discourage lending and borrowing.

  • Volcker defended the policy on "The MacNeil/Lehrer Report" in 1981.

  • PAUL VOLCKER, Former Federal Reserve Chairman: The way you're going to get those interest

  • rates down is by persisting in policies that will indeed continue to bring the inflation

  • rate down.

  • And at some point, this dam is going to break and the psychology is going to change.

  • PAUL SOLMAN: And sky-high interest rates, he figured, would have the desired effect,

  • as they did, but caused deep recession and unemployment that reached nearly 11 percent.

  • Homebuilders sent Volcker their protests scrolled on wooden planks.

  • But Volcker stood tall.

  • PAUL VOLCKER: You can't deal with that problem by simply saying, we're going to let inflation

  • go ahead.

  • PAUL SOLMAN: Volcker's policies may have cost Carter the 1980 election.

  • But in a statement released today, the one-term president said: "Although some of his policies

  • as Fed chairman were politically costly, they were the right thing to do."

  • By 1983, inflation had come down dramatically, and President Ronald Reagan reappointed Volcker,

  • a lifelong Democrat, as Fed chair.

  • But the two soon clashed over the growing federal deficit, which Volcker feared might

  • reignite inflation.

  • Volcker left the Fed in 1987.

  • His last legacy, advising President Obama after the 2008 financial crisis, pressing

  • to restrict commercial banks from making risky investments, a controversial reform known

  • as the Volcker rule.

  • For the "NewsHour," this is Paul Solman.

  • JUDY WOODRUFF: Paul Volcker was 92 years old.

  • Still to come on the "NewsHour": a blockbuster trove of documents unveils the lies undergirding

  • the war in Afghanistan; Amy Walter and Tamara Keith on the latest moves from the Democratic

  • campaign trail; and singer/songwriter Alanis Morissette's "Jagged Little Pill," a milestone

  • of '90s rock, opens on Broadway.

In the day's other news: Russia's President Vladimir Putin and Ukraine's President Volodymyr

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