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Transcripts For BBCNEWS BBC News 20240706

washington has accused beijing of acting irresponsibly after a chinese surveillance balloon was detected over the united states. the us secretary of state, antony blinken, has postponed a much anticipated trip to beijing over the incident. china says the balloon is a civilian airship which had deviated from its planned route. however, us defence officials argue the balloon, seen above sensitive areas in recent days in the western us, was a high altitude surveillance device. our security correspondent, gordon correra reports. i.have no idea what this thing is. a strange object in the sky, filmed by a member of the public in rural montana. and for those of you who think this mightjust be the moon, it is not the moon, the moon is off to my right, i can see it. it s not the moon, nor a ufo, but, us officials claim, a chinese spy balloon. it seemed so brazen and just so insane to me, it wasjust, like, this thing is so visible. and it s now sparked a major diplomatic row. the chine

Transcripts for BBCNEWS BBC News 20240604 23:16:00

than two billion dollars. a some breaking news now: ajury in the united states has found elon musk not guilty of fraud over tesla tweet. mr musk was being sued by shareholders who claim they lost billions following tweets by the founder of the carmaker that he was taking the company back into private ownership. it never was. summing up, the lawyer for the shareholders said that the billionaire was not above the law while mr musk s attorney said his client was not a tweeting monster. to the uk now and police in the northwest of england say they believe that nicola bulley, who went missing while walking her dog, probably fell into the river wyre in lancashire. the 45 year old mother of two was last seen a week ago in st michael s on wyre. air and underwater drones, helicopters, police divers and dogs have all been used in the search. (read 0n) danny shaw, is a crime, justice and police commentator. sot the police have given an update

Transcripts for BBCNEWS BBC News 20240604 23:06:00

what that became clear, the share price fell. investors lost big money. the securities exchange commission had already fined mosk antalya $40 million for the tweet, and stripped him of his position as chairman of the board. and in addition to that, many shareholders sued. the last few weeks this court in san francisco has been hearing evidence. the question the jury how to decide which weather elon musk had knowingly tweeted out something that wasn t true. and if he had, what damages he should pay. mr mosk argued in court that he had acted in good faith and after deliberation, the jury concluded he did good faith and after deliberation, thejury concluded he did not good faith and after deliberation, the jury concluded he did not have to compensate investor losses. this is a lawyer who is an expert in securities fraud. is a lawyer who is an expert in securities fraud. when we look at the case, securities fraud. when we look at the case. i securities fraud. when we look at the case, i

Transcripts for BBCNEWS BBC News 20240604 23:05:00

summing up, the lawyer for the shareholders said that the billionaire was not above the law while mr musk s attorney said his client was not a tweeting monster. james clayton has been following the case. elon musk seemed nervous after he d given evidence. how did i do he asked the media outside. and, he had asked the media outside. and, he had a lot to lose, potentially billions,. in terms of an individual tweets, this tweet had already been extremely costly. in august 2018, he tweeted out that he had funding secured to take tesla private. that would effectively mean buying out tesla shareholders, and many investors say they took mr mosk at his word, buying up tesla stock. after that tweet tesla price rocketed. but soon it became clear that the deal was far from done. tesla never went private. it s still a private company to this day. and

Transcripts for BBCNEWS BBC News 20240604 23:07:00

elon musk not guilty i think is a travesty, because it means that from now on, executives can put out tweets, social media, and skirt the line they have very thin. 0n what s real and not real, as long as they can say they believe that in their own minds. can say they believe that in their own minde can say they believe that in their own minds. , , , ., ~ own minds. many experts thought mr mosk would lose own minds. many experts thought mr mosk would lose this own minds. many experts thought mr mosk would lose this case. own minds. many experts thought mr mosk would lose this case. they - own minds. many experts thought mr| mosk would lose this case. they were wrong. 0ne mosk would lose this case. they were wrong. one of the worlds richest people has just saved wrong. one of the worlds richest people hasjust saved himself potentially billions of dollars. will have more on this story as it develops. the us is to provide ukraine with longer range guided rockets as part of another p

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