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News Wrap: Yemen airstrikes resume despite cease-fire

In our news wrap Monday, the Saudi-led coalition pounded Houthi targets with airstrikes in Yemen, despite a five-day humanitarian truce. Also, the death toll from a suicide bombing by al-Shabab in Somalia’ capital rose to 15.

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    The death toll from Sunday's Al-Shabaab suicide bombing in Somalia's capital rose today to 15. The facade of the five-story hotel in Mogadishu was sheared off when a car packed with explosives rammed into its front gate.

    In neighboring Ethiopia today, President Obama said the Islamic militant's attack underscored the need to push back against violent extremism.


    Yesterday's bombing in Mogadishu reminds us that terrorist groups like Al-Shabaab offer nothing but death and destruction and have to be stopped. We have got more work to do.


    The blast killed a Kenyan diplomat, a Chinese embassy guard and two journalists, among others.


    Airstrikes resumed in Yemen today, shortly after a midnight humanitarian cease-fire went into effect. The Saudi-led coalition pounded Houthi targets near the rebel-held military base of al-Anad and north of the port city of Aden. Fifteen coalition troops were also accidentally killed in two strikes in the province of Lahj. The five-day truce was designed to get much-needed humanitarian aid to civilians in the hardest-hit areas.


    With no way to make a looming loan repayment, Puerto Rico has come up with a plan to raise up to $500 million through oil revenue. That's only a fraction of the $3 billion it had hoped to raise to refinance its debt. The governor's chief of staff told reporters today the commonwealth can't raise enough from its public finance corporation bonds before an August 1 deadline. JUDY WOODRUFF: The U.S. Olympic Committee killed Boston's bid to host the Summer Games in 2024 after the city raised financial questions. Earlier today, Boston's mayor express worry the multibillion-dollar event would put taxpayers at risk. Marty Walsh said he didn't want the city's residents to have to foot the bill if local Olympic organizers ran out of money.

    MARTY WALSH (D), Mayor of Boston, Massachusetts: I refuse to mortgage the future of the city away. I refuse to put Boston on the hook for overruns. And I refuse to commit to signing a guarantee that uses taxpayers' dollars to pay for the Olympics.


    There are only seven weeks left to officially nominate another city. The U.S. hasn't hosted a Summer Olympics since the 1996 games in Atlanta.

    In economic news, China's Shanghai stock index plummeted 8.5 percent today. Most of that sharp decline was in the last hour of trading. It was its largest one-day loss since 2007, in spite of the Chinese government's recent efforts to stabilize the market. Analysts attributed the sell-off to weaker-than-expected economic data, including a drop in Chinese factory activity and industrial profits.


    Fears of a slowdown in China's economy pushed stocks lower on Wall Street. The Dow Jones industrial average slid 128 points to close at 17440. The Nasdaq fell more than 48 points, and the S&P 500 lost 12 points.


    Bobbi Kristina Brown, the daughter of R&B singers Bobbi Brown and the late Whitney Houston, has died. She passed away Sunday at a hospice in Duluth, Georgia, six months after she was found unresponsive in a bathtub. She was 22 years old.

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