khalid sayed from the anc. the anc has created the environment and the mechanisms for economic liberation in this particular country. without a democratic dispensation, without an environment through which we can engage like this, um, and put our ideas on the table, we cannot even talk about economic liberation. one of our key aspects of our economic recovery plan has been to ensure that we safeguard the mixed economy. we appreciate the fact that the private sector has a role to play. but at the same time, the state has a fundamental role to play to drive economic growth, to ensure that the private sector does the right thing, that workers work under the best conditions possible. we need to see an improvement in living conditions because you cannot say you are liberating south africa, you are liberating south africans economically, but they do not have dignified living spaces. i mean, one in ten south africans still live in what's called "informal housing", for which you can really read "living in shacks". no,

khalid sayed from the anc. look, i think it's a multi—pronged approach.d i do agree with the minister, and i hope that the minister is taking up these issues inside of cabinet, that we do need to strengthen our law enforcement capacity, and i think that has started — if you look at some of the high—profile arrests of gang leaders, especially here in cape town, and the trials that are currently under way. also, government needs to work together within the context of the gnu — i think you spoke about the gnu context. it's very important. thank you. naledi chirwa from the economic freedom fighters. yes. thank you so much, johnny. i think, first and foremost, we need to start restoring the human face of the people that we're talking about. at some point, they were six—year—olds, like all of us, who wanted to be doctors, to be president, to be all these things that they wanted to be when they grew up, but opportunity lost them along the way. we've got police who get paid by crime. crime pays in south africa. it pays the police really well. and the first start

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vehicle anc of the ordinary. —— we are going to move onto other news now. from seoul right now. police are trying to carry out an arrest warrant issued for yoon suk yeol over his attempt to impose martial law last month. officials investigating president yoon over his botched attempt to impose martial law said they were left with no choice to attempt an arrest, after president yoon failed to comply with multiple requests for questioning. jean mackenzie gave us an update from seoul. he was impeached by parliament three weeks ago, but he was only suspended from his duties. he is still technically the country's president, and that means he is being guarded by the presidential security team, so we could see a standoff between the presidential security team and the investigating officers who are trying to arrest him. they may try to block his arrest and, as i said, you then have the protesters who have surrounded the residence from every direction. they are incredibly angry. they are here to support president yoon. we've seen some of them this morning even cryin

that really has turned favorable with the anc losing its parliamentary majority.ou can see that in the bets that are being made across all markets. and it's kind of a symbiotic relationship, because when you look at the cpi now, it's down to 2.9% as of november. that's almost half the level at the start of 2024. these are all very constructive indicators. the fact that they are happening as we noted greeting the new year where we are now, is first of all, we have not seen anything like this before but second it is very encouraging. lizzy: what are the main risks now to the rand and bonds? >> abraham lincoln once said, i'm too familiar with disappointment to be very much chagrined. that is very much the story here is there have been so many false starts with south africa. but the fact that the markets are holding their own is an important inflection point. you can't say the election changed everything for investors at least and that is pretty strong stuff given what we are seeing right now across the world with debt, equity and currency. our around economist for bl

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you cannot increase the amount of debt ance beyond what you already have the only thing they can do ,f they are listening to bond market which they should be, is to rein in fiscal spending through tax hikes or spending cuts it doesn't matter. that's the choice they have based on the signs the bond market is telling them i. . >> i guess we are not far from there. i want to share the chart on the ten-year treasury. it is very interesting there is nothing better than context really we have the yield trading at 4.675% we have seen the highest level actually hitting 5.02% in the month of october of 2023 i'm showing this, james, because i want to understand we are not that far from the highest level ever what is going to take? are we going to test that 5% threshold in the near future >> the drawdown in u.s. treasuries is still at the worst level since the u.s. war of independence in the 1780s. that reset in yields does, in theory, make bonds more attractive and less risky. the issue we've had in september with the trough of that curve a few months ago was at a time where there was certainly

as far as the anc is concerned and the anc continues to insist it will dominate with more policy in the g20, the u.s. is the kind of counterrevolutionary enemy and so i think in addition to thinking about how to frame 2026. you should be thinking very carefully about what's going to be focused burn -- be the focus. elliott: i think the point about diplomacy is a good one. it's not only the embassies. it's the state department. i mean between elon musk and marco rubio we will see how that turns out. i met yesterday with u.s. ambassador for the european -- who was here for a few weeks. consultations and all and i ask this ambassador you been in the building a lot. how many people are there, 25%. that's not going to work. the state department populated by 25% of its employees, no, knocking to work. i would ask another question. is the state department organized for the challenge of china you have a china desk in the east asian bureau and should there be -- there's no perfect answer but, what i think there should be a lot more thinking about how the department is modernized maybe is the wor

my anc is 5.7. >> my anc has never been lower.i go swimming, i ride my exercise bike and i play with my grandkids. i finally have my life back. >> my wife used to worry about me having diabetes before my dexcom g7, but now she doesn't worry as much because she knows it gives me a lot of peace of mind. >> i want him to be around forever. >> no other cgm system is more affordable for medicare patients. don't miss out. >> you may be entitled to this valuable benefit. >> call the number on your screen now to talk to a real person. >> it's time. yes, but time has come for a fresh approach to dog food. every day, more dog people are deciding it's time to quit the kibble and feed their dogs fresh food from the farmers dog made by vets and delivered right to your door. >> precisely portioned for your dog's needs. >> it's an idea whose time has come. the time has come. >> welcome to the nauta network. they switch to juniper's a.i. native network, and now everyone's so productive, they're operating at a higher gear. that's the pete g. write

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the anc — which led south africa out of apartheid — has seen its popularity dwindle, mainly due to corruptioning economy. it now leads a coalition government. lebanon s prime minister — who's visiting syria — has said the two countries will work together to secure their land borders resove any disputes. najib mikati met syria's new de facto leader, ahmed al—sharaa. it's the first official trip to syria by a lebanese leader since the start of the syrian civil war. the uk chancellor, rachel reeves, has defended her visit to china today — saying it is "squarely in our national interest" to deliver growth, and that agreements reached in beijing would be worth £600 million to the uk over the next five years. her trip has been overshadowed by a 16 year high in uk borrowing costs and a fall in the value of the pound, with some conservatives saying she's "fled" to beijing. 0ur china correspondent laura bicker reports. she may be here to do business but she is facing criticism, she's fleeing heavy economic burden is at home. at the british made brompton bike shop in beijing, she defended her visit. gr

my anc is 5.7. >> my anc has never been lower.o swimming, i ride my exercise bike, and i play with my grandkids. i finally have my life back. >> my wife used to worry about me having diabetes before my dexcom g7, but now she doesn't worry as much because she knows it gives me a lot of peace of mind. >> i want him to be around forever no other cgm system is more affordable for medicare patients. >> don't miss out. you may be entitled to this valuable benefit. call the number on your screen now to talk to a real person. >> over half a million people with afib have left blood thinners behind, with watchmen, a safe one time implant that reduces stroke risk and bleeding worry for life. watchman. it's one time for a lifetime. >> who's coming in the driveway? dad. daddy. >> hi. >> goodness. >> my daughter is being treated for leukemia. i hope that she lives a long, great, happy life. and that she will never forget how mom and daddy love her. saint jude. i mean, this is what's keeping my baby girl alive. >> you can join the battle to save

as far as the anc is concerned and the anc continues to insist it will dominate with more policy in the g20, the u.s. is the kind of counterrevolutionary enemy and so i think in addition to thinking about how to frame 2026. you should be thinking very carefully about what's going to be focused burn -- be the focus. elliott: i think the point about diplomacy is a good one. it's not only the embassies. it's the state department. i mean between elon musk and marco rubio we will see how that turns out. i met yesterday with u.s. ambassador for the european -- who was here for a few weeks. consultations and all and i ask this ambassador you been in the building a lot. how many people are there, 25%. that's not going to work. the state department populated by 25% of its employees, no, knocking to work. i would ask another question. is the state department organized for the challenge of china you have a china desk in the east asian bureau and should there be -- there's no perfect answer but, what i think there should be a lot more thinking about how the department is modernized maybe is the wor

bank of america traded in the red which analysts pegged to ance for net interest income below what thebb been hoping for. i sat down with jane fraser to talk about the multiyear buyback which sent the stock soaring on wednesday. i asked her why now. >> i was very pleased to announce the 20 billion program yesterday as well as an increase in our share buybacks for this coming quarter. why now? capital return is very important to our shareholders. i know that, we know that and we are very committed to doing it. >> reporter: i asked her whether the buybacks were predicated on basel iiirules which are likely to be scrapped or come out capital neutral in the new administration. she said she has to see what the developments look like. i asked her what her main priorities were in the new administration, especially since she has taken helm of the financial services forum which represents the eight largest banks in washington. she told me she wants to see an environment that allows her clients to transact as well as insuring the system is not overcapitalized for growth. for cnbc business news,

it comes after the national security review could not come to unanimous decision despite ances from nippono ve the u.s. government veto power. the context here is key. the takeover approach is unfolded during a politically charged election stateside and involves an iconic business involved with u.s. economic power. the company is also headquartered in a critical swing state and has from the get-go faced strong opposition from the steel workers union as well. so, what we saw then was joe biden and president-elect trump opposing before and after the elections. in terms of the implications for u.s. steel, the ceo has said if the acquisition isn't approved, it could lead to the closure of steel mills and, therefore, job losses. he has said in the past this deal is all about the company confronting today's realities that u.s. steel is no longer an industry leader and it needs to stay competitive. for nippon, they have to look elsewhere for growth and have to deal with a hefty reverse break fee as well. not to mention the chilling effect some analysts say this could have on japanese investment i

following ances from president-elect donald trump who says he wants 50% ownership of the app. >>> 90estinian prisoners are freed and three israeli hostages returned as part of the gaza cease-fire deal that sees an end to 15 months of war. >>> and bitcoin hits a record high as donald trump and melania launch their own m meme coins. >>> time now to get another check on what's happening across equity markets on the european continent. looking at the european bourses, most of them trading in the green with more upside in the uk where we are up almost .30%. however, a little bit of pressure for italian equities. we're down .30%. all in all, though, what we are witnessing this morning is investors taking a little bit of a cautious approach as we prepare to see donald trump arriving at the white house later today to start his second mandate. all in all, worth keeping in mind the context. last week was also a very strong week for european equities. we were up 2.37% on the stoxx 600 at the end of the week. i want to take you to the corporate store this morning. looking at spanish group telefo

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ance as vice president second annual march for life today and president trump is also expected to address thousands of pro-life supporters by video. >> brian: rachel campos-duffy is live in washington at the national mall. rachel where does it stack up in importance and momentum. >> rachel: i'm here on the corner of constitution and 17th avenue. we usually get a little closer guys but we can't because security is so tight. there's the security tents right there for people to check in. the people that were here are coming here to this march are the people who got j.d. vance and donald trump elected. it's a new day here in washington, d.c. and this culture war. you saw just yesterday the infant born alive abortion survivor protection act passed in the house with zero votes from democrats. except for one i should say henry cuellar. this fight, this battle for life continues. and, boy, the people here are excited because j.d. vance is going to address them in person and donald trump i'm going to tell you guys, it's really cold. >> lawrence: real quickly, rachel, you have to be -- at least som

he was -- he took a very strong position in favor of the anc and nelson mandela.was subsequently allowed a terrorist even after he was elected president of sou africa and was not allowed to get a visa. >> that is one of the things that president carter should be known for. he was a visionary and he actually was way before his time on certain things, like apartheid in south africa. like climate change. like the need to diversify the federal bench. like peace the middle east. so many things that he acted on out of a visionary state of mind may not have been popular at the time, but yet over the course of time, we now see that president carter was so on top of things and such a great leader even though his reputation at the time and even all the way up to this time has been that his presidency was a failed presidency. >> right. >> but actually the man was a visionary before his time. if we had continued with rolling out solar panels not just on the white house. >> right. >> but on everybody's house, can >> we would be in a different place. >> how far we would have ad

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th "efficacy" is not in the statute and it wasn't argued under roper, but the previous ance is consistent with the language of the statute and the fda has massively chanat after the fact by rigging -- justice jackson: wwould have to agreeyou that what the fda has said here is actually sog different or new then what it was saying about your need to provide scientific evidence, valid scientific evidence concerning the flavors. mr. heyer: well, it was new. there is no refeto comparative efficacy studies and no evidencre the deadline of anything by the fda about the need to conduct any studies, comparative efficacy or not -- justice kagan: i mean, fda says you should thid and give us materials about flavors, because that is one of the things that we are really going to be thinking about, is ors. and in your application you talk about the role of flavors, that your application triesow that if you have flavors, it is better gettiple to quit smokinht? that is one of the points of your application. i guess i'm not really seein what the surprise is here or what the change is here. everybody basica

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the authority has allocated funding assist ance to help with initial leasing costs, which are applicationocessing fees, security deposit, utility deposit, utility arrears and essential household items. voucher holders may request assistance by submitting online survey form throughout the lease up process link from the information authority and the authority will send monthly reminders to participant not leased up. one question is what is the connection? how do the voucher holders-my team reaches out to the participant so we are working closely with dejohn and his team so we know who the applicants are and we are tracking them because it is my team who is issuing these funds. we are meeting regularly about this and we also worked on this policy together. requesting fund does not guarantee assistance. funding is based on eligibility and availability of funding. here is our policy. the authority will only fund or reimburse cost related to the applicant's initial lease up and hcd program. cost will not be funded or reimbursed for subsequent moves. the authority will not require funding assist

in its view reflects the best mix content to what the act does is it says tikcannot do that unless ance executes qualified investiture, that's direden on tik tok speech court struck down in the simon and schuster cere all they had to do is take a certain amount of proceeds and put it into escrow account for a short period of time to satisfy the civil justice. >> why does a restriction on bike dance, which is not a citizen, not located in the u.s., a restriction on tik tok? >> because what thesays tik tok is that tik tok you cannot use the algorithm that you prefer unless bike dance executes qualifiinvestiture. so the law therefore lls directly on tik tok itself and imposes a burden on tik tok much more significant burden on the woman was strudown and simon and schuster. >> youconverting the restriction on bike dance ownership of the algorithm and compto a restriction on tik tok speech so why can't we look at it as a restriction on bike dance? >> because i think the burden falls diren tik tok. suppose that china es leverage over jeff bezos intenal empire including his chinese businesses.

the authority has allocated funding assist ance to help with initial leasing costs, which are application security deposit, utility deposit, utility arrears and essential household items. voucher holders may request assistance by submitting online survey form throughout the lease up process. ■ñ participant receive a survey link from the information authority and the authority will send monthly reminders to participant not leased up. one question is what is the connection? how do the voucher holders-my team reaches out to the participant so we are working closely with dejohn and his team so we know who the applicants are and we are tracking them because it is my team who is issuing these funds. we are meeting regularly about this and we also worked on this policy together. requesting fund does not guarantee assistance. funding is based on eligibility and availability of funding. here is our policy. the authority will only fund or reimburse cost related to the applicant's initial lease up and hcd program. cost will not be funded or reimbursed for subsequent moves. the authority will not req