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Transcripts For BBCNEWS World 20240704



us treasury secretary janet yellen called the downgrade arbitrary and said economic conditions had improved under the biden administration. the news of the downgrade came after the close of trade on wall street but in asia investors have been pulling out of equities in reaction. let s look at markets now in asia. japan is currently down by over 2%. hong kong not that far behind. this was off the back of yesterday, and most of this week we have seen the sharemarket, certainly wall street and asia having a strong session but this is certainly spooked sentiment. let s discuss this with tom stevenson, who s an investment director at fidelity. good morning. janet woody allen saying this is arbitrary. i have her statement janet yellen and she said she strongly disagrees and says it is based on outdated data. that is based on outdated data. that is riuht. is based on outdated data. that is right- it is based on outdated data. that is right. it seems is based on outdat ....

Planet , Population , Downgrade , Us , Ratings-agency-fitch , Business-stories , Sally-bundock , Economy , World , Rating , Erosion , Debt-rating

Transcripts For BBCNEWS BBC 20240704



our washington correspondent, sean dilley, reports. we love trump! he s the first president to be charged with a federal crime and if previous cases are anything to go by, donald trump s 30 indictment is only likely to boost popularity with republican voters. the charges he faces though are serious. the 45 page indictment accuses the former president of knowingly spreading false claims about election fraud, to trick and persuade states in helping him overturn the election results.- helping him overturn the election results. the attack on our nation s election results. the attack on our nation s i election results. the attack on our nation s i january - election results. the attack on our nation s ijanuary six, - our nation s ijanuary six, 2021, was an unprecedented assault on the seat of american democracy. it is described in indictment, it was fuelled by lies. lies by the defendant, targeted at obstructing a bedrock function of the us government, the nation s proce ....

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Transcripts For BBCNEWS The 20240704



and kelly hyman, legal analyst and democratic strategist welcome to you all. there is a section in the special counsel s indictment in which jack smith breaks down this alleged scheme into five distinct parts. first, it begins with the false claims of election fraud. it is important to note that the doj says explicitly that donald trump it is important to note that the doj did know that he had lost the election and made knowingly false claims about it. second, the former president and his co conspirators launched a seven state strategy to pressure state and local officials to overturn the officially certified results. third, they weaponised, to coin a phrase, thejustice department to lend credence to these false claims of election fraud to try to pressure state officials. fourth, they pressured the vice president, mike pence, to do something they knew was unconstitutional and illegal. and finally, which brings us to the violence of january 6th, they exploited that disru ....

President , Us , Accomplices , Six , Donald-i-trump , Election , Results , Accused , Republican , Charge , Consequences , Indicted

Transcripts For BBCNEWS BBC 20240704



but if previous cases are anything to go by, donald trump s third indictment is only likely to boost his popularity with republican voters. the charges he faces, though, are serious. the 45 page indictment accuses the former president of knowingly spreading false claims about election fraud to trick and persuade states into helping him overturn the election results. the police are now running back into the capitol building. he s not been charged with inciting the violent scenes of january 6th, but prosecutors have drawn a link. the attack on our nation s capital onjanuary 6th, 2021, was an unprecedented assault on the seat of american democracy. it s described in the indictment. it was fuelled by lies. lies by the defendant, targeted at obstructing a bedrock function of the us government, the nation s process of collecting, counting and certifying the results of the presidential election. donald trump responded by posting a campaign statement on his social media network ....

Us , Bbc-news , Lucy-hockings , Donald-trump , President , Indictment , Election , White-house , Counts , Criminal-case , Campaigns , Defeat

Transcripts For BBCNEWS World 20240704



picture in germany and france. claim of their implications. francis - of their implications. francis female coppola joins us. janet yellen says this is arbitrary, is it? i yellen says this is arbitrary, is it? 4 yellen says this is arbitrary, is it? ~ ., yellen says this is arbitrary, is it? 4 ., , yellen says this is arbitrary, is it? ~ ., , , yellen says this is arbitrary, is it? 4 ., , , ., , it? i think what she is “oining us is showing it? i think what she is “oining us is showing a h it? i think what she is joining us is showing a deterioration - it? i think what she is joining us is showing a deterioration in - it? i think what she is joining us l is showing a deterioration in fiscal governance and asked two decades, so this isn t about what has happened on her watch, its work were also about repeated stand offs on the debt ceiling and short termism in fiscal spending plans going back a long time. find fiscal spending plans going back a loni time. , f ....

Us , Governance , North-america , Deficits , Erosion , Debt-rating , Fitch-cut , Move , Aaa , Aa- , Two , Janet-yellen