Lou Dobbs delivers a midday update for June 2nd, including: -OPEC and allied producers to hold production cuts through this year, that means, despite slowing consumption demand, the current price levels will likely be in effect going into the November 5th election, but Joe Biden will be further damaged politically by what looks to be more pain for consumers who are facing rising inflation on almost every front. - Billionaire Dr. Miriam Adelson to contribute $90 million to a pro-Trump super PAC, Preserve America. - China is helping Russia block a Swiss-led peace negotiation between Russia and Ukraine, according to President Zelensky. - Former NSA Senior Intelligence Analyst and Whistleblower Russ Tice believes strongly the Chinese are preparing for an invasion of Taiwan.