welcome to the programme. there are tentative signs that inflation is coming under control, and the recession forecast last year will be shallower and shorter than expected. butjust to make sure, the central banks are raising the interest rates again. yesterday it was the fed, today the bank of england increased the base rate, half a point, to 4% the highest it has been in m years. we think inflation will come down rapidly, and a lot of that is down to energy prices, which have fallen rapidly. but i m afraid there are big risks out there which mean that it may not happen in that way. yet we re still seeing stronger pressure from price and wage setting in the economy in the question is, will that start to ease off? coinciding with the bank s decision came a profit announcement from shell and a rather blunt illustration of why we re all getting poorer. the oil and gas giant has reaped profits of £40 billion last year. the taxman has reaped far less. shell said it paid $1
good morning, everyone. it is saturday, february 11th, we re live in the cnn newsroom, and you don t have to adjust your tv, we re actually in the same set in the same place. no split screen. right. great to be with you as well. up first this hour, president biden ordering an prague to shoot down an unidentified object over alaska, an operation that he is describing as a success, and right now, there are way more questions though about what that thing was that got shot down and actual details about it, and keep in mind, this is the second time in a week that a u.s. fighter jet has taken down an object after the chinese surveillance balloon was brought down last saturday. ten miles off the coast of alaska, the federal aviation administration issuing a temporary flight restriction in the area as the military took action. officials say they don t know what the object is or who it belongs to. the white house says president biden was first briefed on the situation thursday
- the 1992 police protest was sort of the birth of rudy as fascist. - he did a dress rehearsal for january 6th at the police riot against dave dinkins. - this is all about a policy, which if i had them, the police department would be even angrier at me, even though i m white. - can this former prosecutor be the one to come in and help bring new york into the right direction? - giuliani was blasted for being insensitive to minorities concerns. - rudy giuliani is and was a thug. - i did not expect the shocking de-evolution of rudy giuliani. - the city is knocked to its knees. he was pitch-perfect. - yes, he stood up. yes, he did what a mayor should do, but that did not change who he was. - i saw god out on the block today he was darker than the preachers say with a teardrop tattooed on his face and dirt in his fingers i heard angels when he laughed the way that people do when they have known true pain for his sins i don t know who s to blame what choi
good afternoon. i m peter alexander in for chris jansing. as we come on the air, we are following that breaking news out of memphis. all five police officers involved this the fatal confrontation case of 29-year-old tyre nichols are behind bars. in a few hours, we re expecting a live update from the shelby county da. former prosecutor paul butler is joining us. we have a reporter on the ground who is there. we ll the get to her in a moment too. paul, i want to walk tokes through what happened. we know about the death of of tyre nichols. he was attacked by these officers. the family has seen video of what happened. this happened earlier in the month on january 7th. he ended up dying three days later. the police chief this memphis there has called the actions of the five officers, all of whom happen to be black, saying that it was heinous, reckless and inhumane and making a plea to the residents of that city to protest peacefully when video of the arrest is released to the publ