We begin in sydney where a 16 hour hostage crisis is now over. Authorities say three people including the gunman were killed when police stormed a cafe in the heart of australias largest city. Four others including a Police Officer were hurt. The Sydney Police commissioner was asked why Police Officers moved in when they did. They played the call because they believed at that time if they didnt enter there would be many other lives lost. What had changed . Well i think that events that were unfolding inside the premises led them to the belief that now was the time to actually deploy and they did. Al jazeeras kim vanel has the story on the end of the standoff. Hostages take their moment and run for their lives. Moments later, police stormed central sydney cafe. One officer seems to throw a stun grenade then a flash explosion. Paramedics were quickly there and ran towards the building. One woman could be seen being carried out. The siege began during monday morning rush hour. The woman w
Im francine lacqua. We are getting breaking news out of italy. Possible qe next week in terms of that inflation figure that is due out any second. Weve already had a lot of macro news affecting the euro this morning. Though it actually hasnt affected the euro in terms of where the currency is trading. A little relief for mario draghi. The European Court of justice has given a favorable opinion on outright monetary transactions, seen as a precursor to the qe plan that many people believe draghi will announce next week. The court has said the omt plan is legal in principle. What can you tell us about this opinion . It seems like it is a green light. In principle, theres nothing behind me in announcing quantitative easing. It seems like the last potential major road brock roadblock has been lifted. The European Court of justice said it may be legal. The outright monetary transaction, which you can read as code for ecb when you look at what is going to happen with the market and mario drag
Morning. Five banks have been hit with major fines. Kayla tousche joins us on set with some of the details. This is the settlement weve been speccing for weeks, for months. An 18month investigation by authorities in the uk as well as the uk as well as switzerland have announced a joint settlement with five banks, urging them to pay more than 3 billion to settle charges of key Foreign Exchange rates in the 4 00 hour is when most of the activity, according to the press releases, happened. Its going to be a costly one for many of these banks. Ubs will pay the most at about 800 for a threeway settlement. The cftc in the u. S. And the federal authority, as well. Citibank will pay 668 million to the fca and the cftc as that Bank Adjusted earnings by 600 million just a few weeks ago as it was setting aside more money for this settlement. Jp morgan chase will pay the two u. S. And uk regulators. Hsbc, 618 million. Even though these are pretty big sticker numbers, guys, it does seem like pretty
Action. It is encouraging. It shows that the program is credible but its obviously too early to tell. And what mattered for us was inflation. Saudi Arabias King Abdullah dies at age 90 following weeks of hospitalization for pneumonia. Hes immediately replaced by his brother sending oil shares higher. Telefonica is in talks with hutchison for 15 billion. Telefonica confirms its in talk with hutchison to sell its business for more than 15 billion and its payday for lloyd blankfein. He will join the crew on squawk box later this morning. You wont want to miss it. Manufacturing and purchasing managing index for major European Countries have been coming out today. We heard from germany. January pmi falling below 51. 7. Composite pui 52. 2. They cut it at the fastest rate in years. Not as bright as initially expected. The euro zone economy began in better shape than expected but firms were forced to slash prices. Thats a day after they announced the massive Bond Buying Program. The euro is d
2002. After the news and photographs emerged from the United States military detention of iraqis at abu ghraib, the Intelligence Committee held a hearing on the matter on may 12th, 2004. Without disclosing any details of its own Interrogation Program cia director John Mcglocklin testified that ciaer interrogationse were nothing lie what was depicted at abu ghraib. The United States prison in iraq where detainees were abused by american personnel. This of course was false. Cia detainees at one facility, a described as a dungeon, were kept in complete darkness, constantly shackled in isolated cells, with loud noise or music and only a bucket to use for human waste. Ur the u. S. Bureau of prisons personnel went to that location in november 2002 and according to a con tame rain just internal cia email told cia officers they had quote, never been in a facility where an individuals are so sensorydeprived, end quote. Again, source, ci email, sender and recipient redacted, december 5th, 2002.