We'll start the day's other headlines with an in-person meeting between President Trump and Federal Reserve Chair Jerome Powell.

It was their first sit-down of Mr. Trump's second term.

In a statement, the Fed said the president initiated the meeting in that Powell did not discuss his expectations for monetary policy.

But Powell did say that he and his colleagues will make decisions on interest rates based solely on careful, objective, and non-political analysis.

At the White House today, press secretary Caroline Levitt confirmed that characterization of the meeting and added the president's perspective.

That statement is correct. However, the president did say that he believes the Fed chair is making

a mistake by not lowering interest rates, which is putting us at an economic disadvantage to China

in other countries. And the president's been very vocal about that, both publicly, and now I can

reveal privately as well. President Trump has argued there is no inflation and has called Powell a fool for not lowering

rates. While inflation is down, it still remains above the Fed's 2% target. The U.S. Supreme Court

today backed a multi-billion dollar oil railroad expansion in Utah. The justices reversed a lower

court decision on the 88-mile project that would connect

oil and gas producers to a national rail network. The case centered on whether a federal

agency had done enough to consider the environmental impact of the expansion as laid out by a

1970 law. In the court's ruling, Justice Brett Kavanaugh wrote, the goal of the law is to inform agency decision-making not to paralyze it. Environmental

groups expressed alarm at the decision, calling it disastrous. The project could still face

legal and regulatory hurdles. Forecasters say the first named storm of the hurricane season

is churning in the Pacific. Tropical the hurricane season is turning in the Pacific.

Tropical storm Alvin is located off the western coast of Mexico with sustained winds of 40 miles an hour.

It's expected to weaken as it approaches the Baja Peninsula this weekend.

Meantime, the Western U.S. is bracing for a different kind of dangerous weather.

That's heat.

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