our entire lifetime. there is virtually no place the entire globe you could go that would turn down a $20 bill. andrew jackson s face was the famous seal of u.s. treasury was probably america s best-known export to the smallest gold mining outpost in the amazon basin. every shopkeeper on earth recognized a 20 our bill. the dollar was universal and not just universal and commerce with international transactions that were conducted in dollars, but universally held as a long-term store of value. globally. the world central bank stockpiled u.s. dollars for more than any more other. people may have not of known that but doesn t matter if they knew it or not it was very good for everyone who lives here. because there are are so many u.s. dollars in circulation some of the country the cost of borrowing money inside the country remain artificially low that s for the reasons in this country, america middle-class people could buy their own ho homes. he was covered meanwhile were able t
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let s get down to business. hsbc has just reported a 92% surge in quarterly profit. rising interest rates helped to swell its net interest income. europe s largest bank that s headquartered in london said pre tax earnings ringed in at $5.2 billion for the fourth quarter that s better than expected and up from $2.7 billion the year before. but it s biggest shareholder, ping an insurance of china, is putting pressure on the board to pivot further east. that s one of the challenges facing hsbc. let s discuss this with will walker arnott, senior investment manager, charles stanley good morning. talk about numbers. shareholders will benefit. hsbc did well in the last quarter- benefit. hsbc did well in the last quarter. yes, benefit. hsbc did well in the last quarter. yes, strong - last quarter. yes, strong results which would have pleased the market and beat expectations, as outlined. gather up 30% over last year, and the results explain why. what strip on the results, first
accused serial killer ends with a suspect behind bars and now authorities are looking for motive. the police chief in stockton, california, says 44-year-old wesley brownlee was out hunting for a new victim when they arrested him. as officers made contact with him, he was wearing dark clothing and had a mask around his neck. he was also armed with a firearm when he was taken into custody. we are sure we stopped another killing. cnn s ka mill la bernal joining us live with the latest. police had surveillance teams on brownlee after the shooting deaths of six men, so how did they narrow in their search and then make an arrest? hey, fred. yeah, they were watching him. according to police, two things contributed to this arrest. the first one being all the tips, the help from the community, because everyone was watching the surveillance video that police had put out and calling police trying to help them in any way they could and the other aspect was old-fashioned police work