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Transcripts for BBCNEWS Verified Live 20240604 15:31:00

downgrade is forthcoming and what are the reasons behind it?- are the reasons behind it? this is a warnin: are the reasons behind it? this is a warning signal are the reasons behind it? this is a warning signal and are the reasons behind it? this is a warning signal and i are the reasons behind it? this is a warning signal and i think - are the reasons behind it? this is a warning signal and i think the - warning signal and i think the message they are trying to send is that you have to take this seriously. we have seen what happened recently, it issued a warning saying it would downgrade the us government s credit rating and then it followed through on the threat so that is the situation the banks are in. there are concerns circling and we saw higher interest rates and the problems caused from regional banks but on top of that there are other concerns looming, notably from the commercial real estate sector, worries that high interest rates are causing real problems and the trend

Transcripts for BBCNEWS BBC News 20240604 01:10:00

it was a perfect storm of catastrophic events, but that is not going to bring any lives back, that s not going to bring any homes back or businesses back. so bottom line, we have to be better next time and we have two. crosstalk there was a warning system in place that there was dozens and hundreds of these warning sirens across hawaii, but we have heard from reports and officials there that the sirens didn t go off. do you have any sense of what might have happened and whether residents were given enough time, enough warning to get to safety? every person living in hawaii, we are familiar with those warning sirens the beginning of every month you hear them go off at noon, like clockwork, to test it out, to make sure it works. so there is going to be a lot, there are a lot of unanswered questions into why that warning signal did not go out. what kind of failsafes do we have to have, if in fact the situation is that it burnt down? we know that a lot of alerts went out through cellphon

Transcripts for BBCNEWS BBC News 20240604 02:11:00

reports and officials there that the sirens didn t go off. do you have any sense of what might have happened and whether residents were given enough time, enough warning to get to safety? every person living in hawaii, we are familiar with those warning sirens the beginning of every month you hear them go off at noon, like clockwork, to test it out, to make sure it works. so there is going to be a lot, there are a lot of unanswered questions into why that warning signal did not go out. what kind of failsafes do we have to have, if in fact the situation is that it burnt down? we know that a lot of alerts went out through cellphones, but unfortunately from the day prior as we know, the cellphones were actually out. so these are things that we have to create redundancies for, to make sure at the end of the day every person who needs to be warned to get to safety can get the alerts that they need. so there is still a lot of outstanding questions and i can tell you right now for many of

Transcripts for BBCNEWS BBC News 20240604 00:12:00

time, enough warning to get to safety? time, enough warning to get to safe ? , , safety? every person living in hawaii, safety? every person living in hawaii. we safety? every person living in hawaii, we are safety? every person living in hawaii, we are familiar- safety? every person living in hawaii, we are familiar with l hawaii, we are familiar with those warning sirens, the beginning of every month you hear them go off at noon, like clockwork, to test it out to make sure it works. so there is going to be a lot, there will be a lot of unanswered questions into why that warning signal did not go out. what kind of failsafes do we have, if in fact the situation was that it burnt down? we know that it burnt down? we know that a lot of alerts went out through cellphones, but unfortunately from the day prior as we know, the cellphones were actually out. so these are things that we have to create redundancies for, to make sure at the end of the day every person who needs to be warned g

Transcripts for BBCNEWS BBC News 20240604 03:12:00

going to bring any homes back or businesses back. so bottom line, we have to be better next time and we have two. crosstalk there was a warning system in place that there was dozens and hundreds of these warning sirens across hawaii, but we have heard from reports and officials there that the sirens didn t go off. do you have any sense of what might have happened and whether residents were given enough time, enough warning to get to safety? every person living in hawaii, we are familiar with those warning sirens the beginning of every month you hear them go off at noon, like clockwork, to test it out, to make sure it works. so there is going to be a lot, there are a lot of unanswered questions into why that warning signal did not go out. what kind of failsafes do we have to have, if in fact the situation is that it burnt down? we know that a lot of alerts went out through cellphones, but unfortunately from the day prior as we know, the cellphones were actually out. so these are thing

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