Inhumane conditions in migrant camps in bosnia. And calls grow louder for the release of texas death row inmate rodney read as new evidence comes to light in the case. And sport n. F. L. Player miles guarantees hit with an indefinite but the Cleveland Brown star attacked some opponents with helmets during a game and searched. Hello welcome to the news hour we begin in the United States where mary the former u. S. Ambassador to ukraine has testified in the pietschmann inquiry into President Donald Trump ivanovich says she was shocked and devastated when she was removed as ambassador and said there was a Smear Campaign against her while she was giving her testimony the president launched a twitter attack criticizing her reputation and korea the current phase of the inquiry is set to wrap up by the end of this month after that its likely articles of impeachment the charge sheet against the president will be worse and there would then be a vote on whether to impeach public hearings though
Attempt to quell protests, she said the controversial extradition bill that sparked the demonstrations is, quote, dead lam said there is no plan to restart the legislation and earlier work to amend the bill has been a failure lam suspended the bill but protests continued with calls for it to be withdrawn completely lam did not say that she is officially withdrawing the bill. She said the bill is in the coffin, the bill is dead and no one needs to worry that there will be any tactics to resume the bill in the lenggislative council term Richard Bransons Space Tourism company now planning to go public. That is according to a wall street journal report it will list shares as part of the deal with social capital company, spac. Weve talked about it in the past it was created by a friend of squawk box, spac will invest 800 million in Virgin Galactic, it will get a 49 stake. The stock market listing is expected to take place later this year. Virgin galactic so far sold 600 tickets to space at
At the Capital Exchange event this morning making a ton of news. Closing the deal. Ibms 34 billion acquisition of red hat has closed both ceos will be with us in just a moment. As we said, pepsi beats the street, strong snack and beverage sales backs the 2019 forecast Hugh Johnston will join us straight ahead. Futures lower ahead of tomorrows capitol hill testimony by fed chair powell. Moments ago at the Capital Exchange event in washington, larry kudlow offered his views on the fed to our kelly evans. Take a listen. Price signals suggest as they have all year going back to last autumn that last policy move in december was unnecessary and i think they could take it back. Price level stability, steady dollar, is what the fed should aim for in my view among the things he said, defended a rate cut this month, said no effort to remove powell at the president time. Mnuchin, lighthizer may go to china. Larry is the happy warrior in this era everything he said made me feel better, made the ma
P e ratios, in terms of valuations. We are in the downside. 11. 3 on forbes pes at the moment. Momentake a look at the that would us is going on. New zealand coming out with its budget. A quick word on the headlines. New zealand cut its budget forecast to 1. 3 billion new zealand kiwi dollars. It is just being brought down. Thats also facing debt falling to about 20 of gdp in 2022. Capital spending of about 10. Illion kiwis over five years operating spending over five years. Kiwid be about 15 billion dollars. They will also increase the bond program and launch a nominal bond, 2031 nominal bond, by the end of this year. That is currently the position. Lets look at what Morgan Stanleys ceo said. Dispute between the u. S. Doesnt think it will escalate, despite the anxiety caused by the markets. He spoke to us in an exclusive interview in beijing, where he is attending the Morgan Stanley china summit. 40 of the worlds gdp is tied up in these two countries. To have it major in this trade wa
Im reihan salam. Im president of the Manhattan Institute. And i wanted to start the evening by explaining exactly why this prize is so important to us. The hayek prize is a celebration of Friedrich Hayek, one of the most consequential thinkers of the modern era, a celebrated who was awarded the nobel prize in 1974. Hayek did more than just make intellectual breakthroughs. He inspired a generation of economic reformers who helped liberate countless millions from poverty around the world. And his message remains vitally important as we look to the future. In his 1944 book, the road to serfdom, hayek drew a connection between economic and freedom more generally, arguing that government control of economic Decision Making paved the way to further encroachments on individual rights and the use of knowledge in society. A groundbreaking article published in 1945, he carefully and methodically dismantled the logic behind economic collectivism at a time when the worlds intellectual elite was co