Twitter account targeted by the Special Counsel. The evidence jack smith was searching for and new details on twitters resistance to the probe. And President Biden touting his economic agenda, but are americans onboard . What new polling shows about the impact of his economic policies and chances in 2024. Good morning and welcome to Way Too Early on this thursday, august 10th. Im ali vitali in for Jonathan Lemire. We start with breaking news. Officials in hawaii say at least 36 people have been killed by the fast moving wildfire sweeping across the western part of the island of maui. Dozens more injured and treated for burn. Hundreds of homes and businesses are destroyed, and communications on the island are crippled. Thousands of residents have evacuated with some even diving into the ocean for safety. The devastating wildfires have been fanned by strong winds from Hurricane Dora passing well south of the hawaiian islands. In a statement yesterday President Biden said hed ordered all
the moment, i cannot say a lot about the ukrainian reaction and the response to what happened. so for the ukrainian defence ministry has not confirmed that this military aircraft could have been downed by the ukrainian forces suit no confirmation from their side. ukrainians say this has asked for comments from the general staff, the defence ministry. the general staff replied that for now, they don t have enough information and they still have to try to find out what happened there. of course, the prisoners of war and the issue of swaps is one of the most sensitive and difficult things and issues of ukraine now. thousands of ukrainian military are still in the russian community and there was an expectation that new groups of prisoners could have happened but again, military intelligence that is in charge of these swaps of prisoners of war said that for now, they are not ready to provide any official statement or confirmation or denial whether any prisoners were scheduled. to
films to its viewers. what is behind these bump numbers? i north america business correspondent is in new york for us. is this all about that password sharing crackdown we heard about or something else happening? there are different things going on with netflix that led to these bumper numbers. it is worth pointing out these numbers beat wall street s estimates and even netflix s own estimates. we are looking at some different changes, one of them is the crackdown on password sharing. another is the way they have picked up another is the way they have picked up subscribers in this ad supported plan and they said that was one of the biggest gains quarter over quarter and of new subscribers. that s a put another revenue stream for netflix. they involve some price hikes on other subscriptions. when we talk about these adverts, it is part of the company s revolution and part of the company s revolution and part of the company s revolution and part of their way of making an offeri
scheduled to open in 2025 so next year forjust over half the current expected cost. that was delayed to 2027, and the french utility operator edf now says it will be another two years before the project is complete. it s the latest setback in energy capacity and security for the uk and may put pressure on the british government to intervene. our business editor simon jack explains the wider implications for the british government. edf will shoulder the cost of this because they agreed back in 2016 or a higher price at which they would supply electricity, they would take the risk, but it is notjust their problem because the government wants to build an identical plant at sizewell in suffolk, and for that plant, customers will be on the hook a little bit, it will be added to their bills to pay for the construction over a decade or so. the government has put into 5p of its own money and trying to raise private capital to try and fund this. they say they are still supporters
if you have just joined if you havejustjoined us it is time for the top business stories. we start here in the uk where in the next few hours the bank of england is widely expected to raise the cost of borrowing for the twelfth time in a row. the quarter percent rise most economists are predicting would take the bank s main interest rate to 4.5% the highest it has been in almost 15 years. the big question though will it be enough to start to get inflation, which is still running at more than 10% a year, under control? let s speak to katharine neiss she has held various roles at the bank of england and is now chief european economist at p gim fixed income. good to have you on the programme. iassume good to have you on the programme. i assume you are with the majority believe we are looking at a rate hike today of another 25 basis points. today of another 25 basis oints. . , today of another 25 basis oints. . , ., , points. that s right, that s the consensus p