Comprehensive review in what is now the fifth deadliest fire in u. S. History. Fox weather correspondent max gordon has more for us. No official reason why the fire started, the finger is being pointed at hawaiian electric. They kept electricity on amid high fire and wind danger. They are focused on restoring power in the affected areas. The governor of hawaii ordering an investigation into why the fires started. Take a listen. Ive authorized an extensive review. We will build back together and find out what we could have done to prevent such loss of life and bringing the government to alleviate suffering. The local government here limiting access to the town of lahaina, devastated by fire, saying it is unsafe and they are recovering bodies, in one case, entire family of four identified as victims. Curfew is in place running from 10 a. M. To 6 p. M. With access limited to residents and people with hotel residervations. Buildings were destroyed, many houses, so many people without homes
The grand jury handling Donald Trumps Election Subversion Case is meeting right now, with indictment number 4 possible in the coming days. Why this case in georgia could create some of his most complicated legal problems yet. The death toll on maui keeps climbing. 96 confirmed fatalities now, with that number sadly expected to rise as Search And Rescue forge ahead. And the power companys now facing a lawsuit for not cutting electricity when forecasters were warning about powerful wind gusts. And almost two years after the chaotic u. S. Exit from afghanistan allies who fled the taliban and were promised a home in the United States say theyre now being sent back. We are following these major developing stories and many more all coming in right here to cnn news central. Potential indictment number 4 of former President Donald Trump could be days if not hours away. Today a grand jury in atlanta is hearing the culmination of a yearslong probe into efforts to overturn georgias 2020 election
For the Second Quarter. We can provide hints on whether the bank ofjapan will continue to remain an outlier and keep Interest Rates ultra low. Earlier, High Speed Two fidelity international s Catherine Yeung who said china is facing a confidence problem. It is lack of confidence within the consumption and corporate sector. In fact last friday we had julys money supply and aggregate Financial Data released and it was marginally weaker than expected, so tomorrow in fact we have this operations, and while the expectations are there will be no cuts on the benchmark generally speaking, you could see a slight increase of probability of ten basis points rent cuts, so again policy is going to outgrow chains, but it is going to be this continuing tweaking to accommodate. Tomorrow we will get some extra data out. But really what is the biggest problem facing china to get its economy up and running . If china to get its economy up and runnina . ,. , china to get its economy up and runninu . ,. ,
The International Energy agency has revealed that lng now makes up 35 of europes energy supplies, not far off the 40 contribution that russia made before it was sanctioned over ukraine. Joining me now is ben mcwilliams, whos an Affiliate Fellow at bruegel. Thank you very much for being with us today. What are your concerns about where gas prices could go if these workers do indeed strike . This is certainly a concern, but to be clear up front, nothing comparable to last year. The position we are in is that, as you mentioned, as russian Pipeline Supplies have been cut over the last 12 months, the eu and uk have become more dependent on liquefied national gas. Natural gas. Australia typically supplies asia. If it were cut to asian consumers, we would see asian consumers turning around and looking to qatar and competing with european buyers there, which would in turn have some Knock On Effect on prices. As it had last week, 40 increase from around 30 to 36 euros just nothing like close to
Provide hints of whether the Bank Of Japan provide hints of whether the bank ofjapan will continue to remain an outlier and keep Interest Rates ultra low. Earlier, spoke to fidelity international s Catherine Yeung, who told me china is facing a confidence problem. Just this lack of confidence both within the Consumption Sector as well as the corporate sector. So if fact last friday we had julys M2 Money Supply and aggregate Financial Data released and it was marginally weaker than expected. So tomorrow, in fact, we have this element of operations all the expectations are for no cuts in the benchmark, generally speaking, we could see a slight increase in probability of a ten basis point rate cut. So again policy isnt going to outright change, it is going to be this continuing tweaking to be this continuing tweaking to be accommodated. Be this continuing tweaking to be accommodated. Tomorrow we will aet be accommodated. Tomorrow we will get some be accommodated. Tomorrow we will get some