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legal team is gathering the resources to properly define him against a federal indictment. we ll bring you the latest on trump s legal troubles in another hour of velshi begins right now. right now. good morning, it. good morning, i m ali velshi. the minneapolis police department for years engaged in, quote, excessive force, unlawful discrimination and violations of constitutional rights. those are the findings of a two-year federal investigation into the police department. triggered by the murder of george floyd. on may 25th, 2020, george floyd s three final words became a fixture in history as at the weight of the minneapolis police officer derek chauvin was actively cutting off his oxygen flow. those three words were i can t breathe. we now know that george floyd s choking death was not an isolated incident. the attorney general merrick garland announced on friday, quote, we found numerous incidents in which officers responded to a person s statement that they co ....
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 consens ....
rates to a 15 year high at 4.5% as it continues its fight against high inflation. and donald trump calls for republicans to let the us default on its debt rather than give way on biden s spending plans. hello. a warm welcome to the programme. this is world business report, i m ben thompson and we are going to start in the uk where the bank of england has raised interest rates for a 12th consecutive month. all of that as it tries to fight high inflation. uk interest rates were raised by 0.25%, while the bank said inflation would fall sharply in april but not as far or as fast as it previously thought. last month inflation slowed to 10.1% but that figure is still way above the bank of england s target. remember that target is 2%. let s speak to victorias, head of investment at interactive investor. lovely to see you. let s talk about what we have heard. first the interest rate itself because the interesting stuff is what the bank told us about what might happen next. a wi ....
khar. orthod christians brate easter under fire and new allegations of russian war crimes. brace for impact. that order issued to 600 passengers aboard this ferry in washington state. plus, they re goats with big appetites, now deployed as front line firefighters. how much can a goat eat in a day? as much as it wants. and later, an american legend marks 70 years. the chevrolet corvette, a look back and forward into its electrifying future. corvette is america s sports car. this is the cbs weekend news from new york with jericka duncan. good evening and thanks for joining us on this sunday. we begin tonight with another mass shooting in america. it is the 32nd so far this month and the ninth of the weekend. it happened here at a dance hall in dadeville, alabama. it s a community about 60 miles northeast of montgomery. at least four people were killed, about two dozen injured, mostly teens. cbs s mark strassmann is tracking all of this for us. a lot of ....
you know, breakfast club, all the john hughes movies, but somehow this one missed. and it missed for you ooh ooh the, right? rachel: i actually never saw it. i saw parts of it, not all of it, then i asked, should i watch it? you said, eh. will: i m not sure it s iconic other than the fact rachel: you know what he hasn t seen? is he hasn t seen say anything, and that one does hold the test of time. will: kuhn what it is? pete: nope. st. elmo s fire, is the song about movie or the movie about the song? rachel: i think the song is about the movie. will: yeah, i think that s right. pete: i don t know. i like the song will: say anything, i ve not seen it either, but you ve seen john cusack in that trench coat holding the box above his head? rachel: and is he s plague in your eyes in your eyes you know that song, in your eyes? he probably doesn t know that pete: in your eyes. [laughter] pete: yeah. it s a good song. rachel: the producers are, like, move on. [lau ....