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
Performance dividend. Live now to our middle east Business Correspondent sameer hashmi. Samir, Rhe Saudi State remains overwhelmingly aramco s biggest shareholder, so they remain the big winner in the aramco story. Well, thats right. They own around 90 of the company and the payout, the bulk of it, will go to the saudi government. If you look at aramco, every quarter they have been paying about 19. 8 billion of dividend. This time they have added another amount to that amount, because they said the cash flows are healthy and thatis said the cash flows are healthy and that is why they have decided to increase that overall dividend, which will be beneficial for the saudi government because it relies heavily on the Aramco Generating revenues for it, and that will help them in their Oil Diversification programme. They are these mega infrastructure projects, new tourist destinations. All this is being done keeping in that oil demand will decrease in years to come and they will have to come
authorised the armed forces to neutralise 22 gangs that are listed as terrorist organisations after masked gunmen stormed a tv studio during a live broadcast. a two month state of emergency is now in force. will grant sent this from the city of guayaquil. viewers in ecuador watched in disbelief as masked and armed gang members entered a state tv channel and held staff hostage all of it televised live. translation: they shot one of our cameramen in the leg. | broke the arm of another one. they were shooting bullets inside the studio. the police were called and came in minutes. the gang was soon arrested and the hostages released, but the tv station ambush was just part of the descent into chaos. panic as gunmen stormed guayaquil university, explosions around the country, schools and businesses shut down and widespread rioting inside ecuador s prisons. in response, president daniel noboa called a state of emergency and imposed a curfew. by decree, he designated 22 gangs, te
roller coaster of talks and more talks and rumors. i think that most of the hostage families are just committed to the work of doing everything we can and speaking to whom ever will listen about the importance and the true urgency of getting all the hostages home. find getting all the hostages home. and ou have getting all the hostages home. and you have been in those meetings with very, very crucial players in all this. do you think this makes a real difference? my this. do you think this makes a real difference? difference? my profession is as an historian. it s difference? my profession is as an historian. it s difficult difference? my profession is as an historian. it s difficult for - difference? my profession is as an historian. it s difficult for me - difference? my profession is as an historian. it s difficult for me to i historian. it s difficult for me to say right now what a difference it might or might not make in 50 years from now. i believe that future his
evening. i wonder if i can ask you first of all, how would you describe the length of time it has taken to get to this point? frankly terrible. we could have resolved this entire issue when ron warmington and iain henderson went in in the first place, if the post office had not tried to cover everything up and to protect the brand at the expense of the sub postmasters. ron warmington and ian henderson pulled up so it s terrible. d0 and ian henderson pulled up so it s terrible. , ., . and ian henderson pulled up so it s terrible. . . , terrible. do you have any reservations terrible. do you have any reservations about - terrible. do you have any reservations about mps l terrible. do you have any| reservations about mps of terrible. do you have any reservations about mps of returning convictions handed out by the courts? . convictions handed out by the courts? , ,., . convictions handed out by the courts? , ,., . , courts? it s something that is. it makes one cour