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we re still in the tlhroes of this life threatening situation. good morning, everybody, it s monday, december 26th. don and kaitlan are off, i m glad to have sara sidner with us. good morning. let s talk about the death toll rising in new york from the storm. thousands of delays and cancellations impacting many air travelers many failing to make it home for the holidays. in a cruel, dangerous and shameful stunt, the white house blaming texas governor greg abbott for sending residents to the home of vice president kamala harris on christmas eve. first, though, a storm for the ages in western new york state. at least 17 weather-related deaths are being reported this morning, most in the buffalo area. governor katy hochul has requested emergency disaster relief from the biden administration. a state of emergency remains in effect. this has paralyzed so many parts of the state and the country, bringing this region to its knees. more than 12,000 customers are sti ....
suffer the most. also coming up: called to account. hundreds of uk post office managers were falsely accused of fraud because of faulty software. we look at role of the tech giant fujitsu in a massive miscarriage ofjustice. and the rugby league world cup kicks off today after a covid delay with the biggest sponsorship deal in the tournament s history. absolutely, 100%, iam not going anywhere. a defiant uk chancellor on whether he and the british prime minister will still be in theirjobs at this time next month. as you have been hearing, he has flown back early from iff meetings in washington for meetings with the pm. imf. washington for meetings with the pm. imf. they are expected to pause plans after weeks of economic crisis. people are panicked about the impact of billions of pounds of tax cuts funded by more borrowing on the u.k. s debt and on inflation and that sent government borrowing costs and mortgage rates are soaring and force the bank of england to come ....
we start with the latest market action and as the trading day began in asia the pound started to slide down nearly 5% at one point against the us dollar that s on top of the 3.6% dive on friday. investors are running for the exits as fears mount the new government s shock and awe tax plans for the uk economy are too big a gamble. on friday the chancellor, kwasi kwarteng, announced historic tax cuts, and the biggest increase in borrowing since 1972 to pay for them. there is now calls for the bank of england to take emergency action to calm rattled markets and bolster sterling. so let s look at how the pound is trading now. it has been hovering around just over $1.05 but one hour ago we were looking at the pound buying $1.03 so it has recovered a tiny bit but not much and you can see that the markets in asia are fairly mixed and we have the price of oil edging lower as well. joining me now is simon french, chief economist at panmure gordon. is at panmure gordon. thi ....
those with the broadest carry the lightest load. and not by accident, but by choice. this a representative from the owners of instagram say that posts viewed were safe. tiktok could be fined £27 million for failing to safeguard the privacy of children. the information commissioner found the platform may have processed data of under 13s without parental consent. and after a 7 million milejourney, nasa are preparing to crash a probe in to an asteroid to see how difficult it is to knock a space rock off course. good afternoon. the bank of england says its monetary policy committee will not hesitate to change interest rates as necessary after the the pound fell overnight to its lowest level against the dollar ever. analysts against the dollar ever. have said that they may intervene analysts have said that they may intervene sooner than was scheduled intervene sooner than was scheduled in order to protect the pound. this afternoon the treasury has confirmed that it will set out ....
britain s new hong kongers over 100,000 people from hong kong moved to the uk in the past year and more are arriving every day. probably one of the biggest migrations of our generation. they ve got a one way ticket to a new life thousands of miles from everything they know. we can t go back to hong kong right now, but i think ten years or 20 years we can. if she is still in hong kong, then i think she sjust going to be brainwashed. i think they deep down know that i won t come back to hong kong. many are cash rich and are buying homes outright in towns across britain. they re bringing over on average, six, 700, maybe 800,000 into the uk economy. but are the tensions they were hoping to escape now in the uk? this is my bloody face after being attacked by those chinese people. i m elaine chong. over the past few months, i ve been following hong kongers who ve moved to the uk and i ve been finding out if their new life here is what they were hoping for. in 2019, violent cl ....