Here's your summary from Pressure Mounts on Joe Biden, UK Economy Surprises in GDP Growth | The Opening Trade 07/11 (https://www.youtube.com/watch?v=_ryVuZu8qO8) on the Bloomberg Television channel:

### TLDR:

Pressure mounts on President Biden to drop re-election bid, UK economy shows GDP growth, focus on US CPI data.

### Key Points:

1. Pressure on President Biden to consider dropping re-election bid as first Senate Democrat calls for new candidate to face Trump.

2. UK GDP data shows 0.4% growth in May, exceeding expectations and indicating economic recovery.

3. Focus on US CPI data for clues on Fed's plans, with Fed Chair Powell giving cautious outlook on inflation battle.

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