CNBC's Courtney Reagan reports on Amazon Prime Day deals.

Amazon Prime Day has arrived, but uncertainty over tariffs is affecting both pricing and inventory for this year's event. While Amazon CEO Andy Jassy stated that tariffs have not significantly impacted prices, external analyses suggest that some product categories, particularly higher-priced items, have seen increases of 5 to 15%. An analysis of over 1,400 China-made items sold on Amazon found that median prices rose on a significant portion of products, with overall median prices outpacing inflation and sharper rises in home, furniture, and electronics.

Experts note that while Amazon encourages sellers to offer at least 20% discounts for Prime Day, recent price hikes may reduce the actual value of these deals. Additionally, concerns remain about whether sellers, especially smaller brands, can stock enough inventory in advance, given the risk of unsold goods and higher costs due to tariffs. These factors contribute to a more complex landscape for both shoppers and sellers during this year's Prime Day.

Tariff uncertainty muddies Amazon Prime Day deals

Amazon Prime Days have arrived and consumers will be hunting for bargains, but will they find any? Corny Regan joins us now with more, Cori. Sort of the question everybody always asks, right? I mean, how good are the Prime Day discounts? And like usual, it's sort of hard for me to tell you that exactly for a variety of reasons. But this year, it's actually a little bit harder because of the possible tariff influence. Makes it murkier. But here's what we know. Amazon CEO Andy Jassy told our Jim Cramer that prices have not gone up appreciably due to tariffs going into Prime Day. However, several outside pricing analyses suggest that's not true for every item. Commerce IQ says an analysis of 57,000 SKUs on Amazon shows the average selling price increased 2.3% in May from April. So on average, maybe that isn't necessarily what you would call a, quote, appreciable increase. But Commerce IQ says while value brand pricing is mostly flat, so lower priced items, upper priced products show prices have increased between 5 and 15%. Now, a day-to-week pricing analysis of more than 1,400 items made in China sold on Amazon from January to mid-June found the median price increased on 475 items, 633 were unchanged, and 299 actually saw prices fall. Now, this is according to Reuters. Overall, the median prices did outpace inflation, increasing 2.6%, with prices increasing more sharply in May and June, particularly in home and furniture and electronics. Now, CoreSight's Deb Wineswig says Amazon typically asks sellers to offer at least 20% to participate in Prime Day. But if that's on an item with, call it a recent price increase, like we just talked about, of maybe 15%, is 20% then that great of a discount. Amazon says it's confident in its deals and its focus remains on delivering value to customers as the trade landscape may be changing. Beyond pricing inventory, though, that's another key thing we want to watch because retail experts want to know how willing and able some brands, maybe even smaller ones, are to stock inventory to fulfill Prime Day demand, particularly because they would have to do so in advance if it's something that's manufactured in a country subject to high tariffs. If it doesn't sell, they're going to get stuck with this item that cost them maybe potentially more than last year. So there's a lot of fluctuating factors going into this year's event.

Liverpool's Portuguese forward Diogo Jota was probably speeding when the Lamborghini car he was driving crashed in northwestern Spain, killing him and his brother, police said in a preliminary report.

Cernadilla

Liverpool's Jota likely speeding when car crashed, police say

French President Emmanuel Macron arrived in Britain on Tuesday for a state visit mixing royal pageantry with thorny political talks about stopping migrants from crossing the English Channel in small boats.

London

UK royals welcome France's Macron for state visit

U.S. President Donald Trump said the U.S. will send more weapons to Ukraine as Russian attacks intensified in recent weeks. The decision comes after the U.S. halted certain shipments last week.

Washington

Ukraine Invasion

Trump says U.S. will send more weapons to Ukraine

Brazil hosted the second and final day of the 17th BRICS Summit in Rio de Janeiro on Monday.

Rio de Janeiro

BRICS summit ends on health issues, role of global south countries

U.S. President Donald Trump, hosting Israeli Prime Minister Benjamin Netanyahu at the White House, said the United States had scheduled talks with Iran and indicated progress on a controversial effort to relocate Palestinians out of Gaza.

Middle East Conflict

Netanyahu meets Trump as Israel, Hamas discuss ceasefire

Search teams continue to look for survivors after catastrophic flash floods overwhelmed parts of the US state of Texas. About 100 people have been killed and dozens more are missing. Officials say the National Weather Service didn't provide enough warning of the heavy rain.

Texas

Rising Texas death toll fuels anger over 'inadequate warning'

Leaders of BRICS have warned of the dangers of tariffs - saying they don't want a confrontation with US President Donald Trump. The group of emerging nations made the comments at their summit in Brazil. They also discussed Gaza and tensions in the Middle East.

Global Tariffs

BRICS summit rejects U.S. tariff threats, tackles trade and Gaza

Video captured by a BBC News crew shows French police slashing a boat filled with migrants trying to cross into the U.K. The crackdown comes ahead of a summit this week between the French president and British prime minister.

French police slashing migrants’ boat in crackdown

President Donald Trump's Justice Department and FBI released a memo concluding that there is no evidence Jeffrey Epstein had a "client list." The FBI confirmed that more than 1,000 victims were harmed by Epstein.

FBI: Epstein investigation turned up no 'incriminating client list'

The death toll from the devastating floods in Texas has risen to at least 90 as rescue workers continue to search for dozens of missing people. At least 27 campers and counselors at Camp Mystic in central Texas died in the floods.

Kerrville

At least 90 people killed in Texas floods

A shooter is dead after opening fire at a U.S. Border Patrol building in McAllen, Texas, a Department of Homeland Security spokesperson said. CBS News' Shanelle Kaul has the latest updates.

McAllen

Shooter killed after opening fire at U.S. Border Patrol building

Israel’s military launched airstrikes early on Monday targeting ports and facilities held by Yemen’s Houthi rebels. The strikes followed a suspected Houthi attack on a ship in the Red Sea.

Sana'a

Israel strikes Yemen ports held by Houthi rebels

Israeli Prime Minister Benjamin Netanyahu is set to meet with U.S. President Trump at the White House on Monday. The two leaders are expected to discuss the ongoing conflict in Gaza and a potential ceasefire with Hamas.

Netanyahu set to meet Trump at White House amid ceasefire optimism

U.S. President Donald Trump's 90-day pause on global tariffs announced in April is nearing its expiration, and the White House warned that steeper tariffs could roll out at the beginning of August.

White House warns higher tariffs could roll out August 1

Erin Patterson, the Australian woman accused of killing three relatives with a meal of death cap mushrooms baked in a Beef Wellington lunch, has been found guilty of three counts of murder and the attempted murder of the lone survivor.

Morwell

Australian woman found guilty in ‘mushroom murder’ trial

Camp Mystic, an all-girls summer camp along the Guadalupe River, has confirmed that at least 27 campers and counselors died in the devastating floods that hit the Texas camp.

Hunt

Camp Mystic confirms 27 campers, counselors killed in floods

President Donald Trump called Elon Musk's plans to form a new political party "ridiculous," launching new barbs at the tech billionaire.

Trump criticizes Musk's new 'America Party' as feud grows

Rescuers are searching for more than 40 people still missing, after flooding in the US state of Texas. The death toll has risen to at least 82, including 28 children - many of them from a summer camp. President Donald Trump has declared the area a disaster zone.

Death toll from Texas floods rises to 82, dozens still missing

BRICS leaders set to discuss key global political issues, but questions over the bloc’s cohesion arose as Chinese President Xi Jinping and Russian President Vladimir Putin opted to skip the summit.

State of Rio de Janeiro

BRICS group slams tariffs, Iran conflict at summit in Brazil

The search for missing children from a girls' summer camp hit by flash floods in Texas entered a third day on Sunday, as rescuers faced the threat of more flooding and the death toll in the region reached at least 67.

Texas officials face questions over flood warnings

Search and rescue missions continue in Kerr County, Texas, after severe storms caused deadly flooding that has killed dozens of people. More than 20 children from the nearby Camp Mystic are still missing, officials say.

Texas campground owner describes flash floods: "It was just chaos"

Tesla and SpaceX CEO Elon Musk says he has formed a new political party after falling out with U.S. President Donald Trump over the "One Big Beautiful Bill."

Elon Musk launches 'American Party'

Israel has sent a delegation to Qatar for new indirect talks on a possible hostage and ceasefire deal despite Israeli Prime Minister Benjamin Netanyahu saying the changes requested by Hamas to a previous proposal were "unacceptable."

Doha

Israel, Hamas delegations resume truce talks over Gaza in Doha

Iran’s Supreme Leader Ayatollah Ali Khamenei received an enthusiastic welcome at a mosque in Tehran as he made his first public appearance since the start of the 12-day war between Israel and Iran.

Tehran

Iran's Supreme Leader makes first public appearance since war started

Search-and-rescue operations are expected to continue as the death toll continues to rise from Friday's flash flooding in central Texas, with authorities confirming at least 50 deaths so far, 15 of those children. Among the missing are girls from a Christian summer camp.

Death toll rises as search for Texas flood survivors continues

Rescuers are searching for survivors of a flash flood that hit central Texas on Friday, leaving at least 43 people dead, including 15 children. Authorities in Texas are now facing questions about whether they issued proper warnings in advance of rain-fuelled flooding.

Death toll from Texas flooding rises to 43

Experts link the rising frequency and intensity of heatwaves in Europe to climate change, warning that such extreme weather events are becoming increasingly common.

Athens

Firefighters across Europe battle wildfires

Rallies on the streets of Tel Aviv were held as the Israeli security cabinet reportedly gathered to discuss Hamas' response to a potential ceasefire-hostage deal.

Tel Aviv-Yafo

Tel Aviv rally calls for the release of the remaining hostages

Ukrainian President Volodymyr Zelenskiy said on Saturday (July 5) that his latest conversation with U.S. President Donald Trump this week was the best and "most productive" he has had to date.

Kyiv

Zelenskyy says latest Trump call the 'most productive' yet

The unemployment rate for new college graduates has recently surged. Economists say businesses are now replacing entry-level jobs with artificial intelligence. Ali Bauman has the story.