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Olympic Torch Enters Rio; Time Warners Buys Stake In Hulu; Scare in Abu Dhabi as Emirate's Flight Catches Fire; Reports of GOP Frustration with Donald Trump's Behavior. Aired 8:00a-9:00a ET

Aired August 03, 2016 - 08:00   ET

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.

[08:00:25] KRISTIE LU STOUT, HOST: I'm Kristie Lu Stout in Hong Kong and welcome to News Stream.

An amazing escape: 300 people emerge safely from this Emirates plane as it catches fire after landing in Dubai.

Now two days to go after the games begin, Rio prepares to welcome the Olympic torch.

And the U.S. president blasts Donald Trump, challenging Republican leaders to abandon their candidate.

Breaking news this hour, the fire on a plane at Dubai's International Airport has now been extinguished. But all flights remain suspended at one

of the world's busiest international airports until further notice.

Now upon landing, the jet skidded across the runway. There was an explosion, and it caught fire. This video shows smoke pouring from the

jet. Now the plane almost appears engulfed in flames from what we can see in this video here.

Now, the Emirates flight, it was coming from southern India. The airline says there were 282

passengers, 18 crew members on board. And there was no report of injury.

Let's get more now from our aviation correspondent Richard Quest. He joins us from Sydney,

Australia.

And Richard, quite a scare today at Dubai International. And thankfully no fatalities. What have you learned about what happened on

board?

RICHARD QUEST, CNN INTERNATIONAL CORRESPONDENT: Well, if you look at the pictures of the plane, it seems to be that there was no declared

emergency. Certainly, it was not expected that anything was going wrong with the flight, at least that's what we know at the moment.

It makes a landing and then for whatever reason it skids along the runway. But if you look at one of those particular videos, you will see

that the right engine becomes completely disengaged from the aircraft. So either the landing gear collapsed, whether that's the front nose gear, or

the main gear, or one of the wings touched the ground, or the engine touched the ground, but certainly in the process of the skid, that right

engine becomes disengaged from the aircraft, a fire ensues, which is not surprising, bearing in mind that the plane would have had its emergency go-

around fuel still in the tanks, and then you get this explosion of one of the fuel tanks, and you see a large part of the wing fly off into the air.

Now the plane is designed to be evacuated by all passengers within 90 seconds. And that's -- and that even includes allowing for half the doors

not to be used. And you can see why, from these pictures, because obviously even though slides may have been deployed on the right side of

the aircraft. If that is where the fire is, you're going to want the passengers to evacuate from the left side of the plane.

Dubai Airport which has two very long runways, more than 13,000 feet, 4,000 meters long, and

this plane was coming in on 12-left, which is -- they're two parallel, identically parallel runways of exactly the same length.

So Kristie, there you have sort of the scenario we've got. A picture perfect, if you like, rescue, evacuation, emergency services going exactly

as it was supposed to. But make no bones about it, this was an extremely serious and potentially deadly incident.

LU STOUT: And we can see that just looking at the video as you call it a picture perfect rescue, despite that scary situation there. Hundreds

of people managed to be evacuated safely. No reports of injuries. It's miraculous. And right now we know that at the airport all flights and

departures from Dubai International have been suspended.

So, Richard, what happens next before flights can take off again?

QUEST: Well, first of all, we need to know a little bit more about where the aircraft actually came to rest. Had it already left the runway

or is it on the runway or is it straddling the runway and the grass verges? That's the first thing. Because obviously runway 12-left, 30-

right is inoperable for the foreseeable future.

But Dubai does have two airports. And it is experienced at using single runway operations. It had to do when run of the runways was under

maintenance.

But we learned from that incident that it is delayed, because the air space around Dubai, Abu Dhabi, Qatar, is extremely congested because so

much air space is restricted for military, that actually there are going to be delays. I mean, I think Emirates is being somewhat optimistic when they

talk about a four or six or an eight-hour delay. They will get operations started again. But it will take a long time to get anything back to

normal, because the one thing the investigators won't do is move the damaged plane.

They need to know, not only -- and photograph and examine, not only the plane in situ, but they

need to look at the runway, the grooving, the friction. They need to understand what the surrounding environment was for that aircraft when it

touched down, and clearly what went wrong.

And then, of course, they need to extract from the aircraft things like the flight data recorder, how heavy was the landing? What speed was

the plane coming in? What attitude did the pilots have it in? What role did the pilots and the airport have in all of this?

LU STOUT: Yeah, still a lot to look into, and investigate after this remarkable rescue in Dubai.

Richard Quest reporting for us live. Thank you, Richard.

QUEST: Now at any moment, the Olympic torch is set to arrive in Rio de Janeiro. It is sailing into the city on a boat steered by Olympic

champions. And once it arrives, it will wind its way across Rio before heading to the site of this Friday's opening ceremonies.

Now, Shasta Darlington joins me now live from Rio for more. And Shasta, the Olympic torch is

arriving in Rio today, its arrival is supposed to be imminent. Describe the scene for us. What's the mood there?

SHASTA DARLINGTON, CNN INTERNATIONAL CORRESPONDENT: Well, you can see right behind us, in fact it's just come across the bay from Niteroi, Rio's

sister city on this lovely little blue sailboat. They're going to pass it over to a row boat. Five Olympic sailors are involved in this handover,

including at least two Brazilian Olympic sailors. Then they're going to row it up here to the naval school and pass the torch to the mayor of the

city of Rio, Edward Paes, bringing, of course, all of the Olympic energy and the Olympic problems that we've seen of this torch as it's gone through

so many cities across the country, more than 300.

We expect a lot of people ling up along the torch relay route today. It's going to be headed through downtown, much of which was revitalized for

these Olympic games, areas that had been ignored, places where you saw a lot of prostitution, and robberies, have now been turned into cultural hot

spots.

For now, though, just the torch is just being handed over here to the row boat behind me. I believe you can see it. They'll be picking up the

torch, and then bringing it in.

When I mentioned the Olympic problems that it will also bring with it, however, we expect protesters, as well. Yesterday another group of

protesters tried to mob the torch. They were held back by riot police, pepper spray was used. This comes a few days after some protesters were

able to actually extinguish one of the torches in another coastal city here. They've since then moved the riot police closer in.

Here at this particular spot, because we're at a naval school, it is very secure. We're surrounded by navy officers, and journalists. Once the

mayor Eduardo Paes gets the torch and moves into the downtown part of the city, that the public will have access to it.

They've been publishing the route for the last few days, letting people know who some of the celebrities are that will be carrying the

torch, among them the woman who was the inspiration for that very well- known Brazilian song "The Girl from Ipanema." She is now, of course, a grandmother, but she'll be carrying the torch when we go through -- when it

makes its way through Ipanema. And of course, plenty of athletes, and now today, we're going to see a couple of very well known Brazilian Olympic

sailors. There are going I believe be five on the boat. We expect Torben Grael and his

brother and a few other sailors.

Let's see what's going on behind me. It looks like they're struggling a bit with the currents trying to get the torch from the sailboat to the

row boat.

Again, it's coming from Rio's sister city of Niteroi. This was -- the torch was there yesterday. It's across the Guanabara Bay, which itself has

been a bit of a controversy we know because of the pollution there. Another area of the bay will be the site for the sailing venue. And

there's been a lot of discussion about how clean those waters are, how clean they aren't, rather.

Now let's see we've got -- we've got some movement on the sailboat. We can see the runners in their white and yellow outfits preparing to pass

the torch.

And it looks like it's finally making its way over, unfortunately on the other side of the boat where it will be rowed in to shore by naval

officers, and that's once it makes it to shore, the mayor of Rio, Eduardo Paes, will receive the torch and take it. And he'll be taking

it into the downtown part of Rio.

Again, it's an area we visited repeatedly as we've watched the revitalization under way. That's where there used to be an overpass going

through this part of the city. It was an area that was pretty much dangerous to go to 24 hours a day. They blew up the overpass and turned

the square there in to a cultural hub with two museums. It's also where they're going to have a kind of fan zone, they call it a live site, for

tourists, and residents to enjoy the games on giant screens without even having to buy tickets.

Also an attempt by the city itself to try and move the center of attention away from just the elite beach area and bring it to some of the

parts of the city that had been forgotten for so long.

Let's see now we've got -- looks like they've got the torch onto the row boat. There we go. The row boat is swinging around. All right. and

we are bringing that torch closer to Rio.

There we are. It's on the row boat. This again is where we have the Olympic sailors Torben Grael and others involved. And bringing the torch

finally to shore three days before games kick off. The music is starting. And we are -- there's a lot of hope that this will be the beginning of some

of the Olympic enthusiasm here in Rio de Janeiro, something that's been sorely missing, but as the torch now moves its way closer to the city, to the

shores here of Rio de Janeiro, itself, we expect the Mayor Eduardo Paes will from here carry it out -- carry it into the downtown part of the city

where the torch route will be lined with curious spectators, enthusiastic, fans, and no doubt plenty of protesters as well.

But a pretty beautiful sight here. The sun is coming out just in time to receive the torch as

well. You can see they're holding up the Olympic flame in the bow of the boat.

Here we go. It's coming in. There we go. They've got the Olympic flame held up in a lantern in the bow of the boat being brought in right

here to the naval school on the shores of the Guanabara Bay.

Let's see, shall we try and move over -- and there we go, bringing it right up to the mayor who will be waiting onshore. Yes, we're going to

move over here so we can show you what's going on.

Now, you can see...

[08:13:17] LU STOUT: And, Shasta, while we look at these scenes, I mean, this is such a picturesque moment. And it's a symbolic moment as

well. As we know that this torch has traveled through over 300 Brazilian cities, a three month's journey inside the country. And it's finally come

to this. With the Olympic games just two days away, you've reporting on all the concerns in the lead-up to the games about the quality of the water

behind you, water pollution, Zika, general readiness, crime and security. But when that torch arrives, and when it's in the host city, in Rio, and

when the games kick off, is all of those concerns, is all that going to be background noise?

DARLINGTON: That's, obviously, what organizers here are hoping. I'm sure the mayor himself hopes all of the focus will now turn up the beauty

and the pageantry of the Olympic games, the sports, the athletes and away from all of the problems that Rio has faced.

He has been a big proponent of the idea that these Olympics will be a turning point not only

for Rio, but for Brazil, which has been mired in this deep recession and political chaos. It will be a moment, he believes, and a lot of the

organizers hope, a moment for Brazil to feel proud of what it can achieve despite all of the problems that it has faced.

And they do hope, of course, that this will also get people out in the streets celebrating the arrival of the torch, celebrating the Olympic

spirits. And even buying tickets.

We're going to just move the camera now so as the torch makes its way towards downtown. I'm

going to step over here and see if i can explain a little better what's going on here.

So the mayor now has the torch in his hands. And again, the idea, and the hope, is that the Olympic spirit will be alive in the city of Rio along

with the flame.

This is, as you said, Kristie, these have been games playing by so many problems. Here in the city, there were concerns that the

transportation wouldn't be up to speed, that the security effort, the detail wouldn't be able to manage this spike in violent crime wouldn't be

prepared for the prospect of a possible terror attack, and so they want to show that the city is, indeed,

prepared. This will be the first moment, they hope, to really shine the light on some of the positive aspects of the games, and of the preparation

for it.

They're going to be taking the torch through first downtown, that area that I was saying has been revitalized for the Olympics. They're also

going to then tomorrow take it out to the western part of the city where they've built many of the stadiums for the competitions,

really redone that part of the city. And then, of course, they're going to take it through some of the

traditional beach-side neighborhoods.

They'll take it through Ipanema. That's where the girl from Ipanema, the inspired the very famous Brazilian song, she's now a grandmother, but

she's going to be carrying the torch. It will go through Copacabana. And on the final day it will end up again near downtown, near the Maracana

Stadium where the opening ceremony will be held where of course many famous football games are held, as well.

Although we believe the cauldron itself will be a couple of kilometers from there in front of the Candlaria (ph) church, once best known for a

massacre of street children, again, part of their effort to turn the downtown into a more vibrant cultural area and one that is no longer a

scene of robbery and violence -- Kristie.

LU STOUT: Shasta, the Olympic torch has arrived in Rio. It arrived by sea, courtesy of

Olympic athletes. It will be running through the city for the next couple of days until the opening ceremony.

You had a chance to run with the Olympic torch along with our colleague, Arwa Damon. What does it feel like? What's that experience

like?

DARLINGTON: I have to tell you, Kristie, it was pretty amazing because we went into it in the middle of covering all of these negative

aspects of the games, all of the problems. And we got there sort of tired and sort of started getting ready.

But as soon as we were on the van with the people we were going to be running with, we just got the sense of how important this is, not only

again for celebrating sport and bringing countries together but really celebrating the small contributions that so many people make.

We met -- we ran along with a man, for example, who works on providing nutritional meals in

public schools and he told us this was important to him because when he was a kid that was the only meal he had every day. We worked with a -- we ran

with another person who provided free karate classes in the shanty towns, or Favelas, here.

And then, of course, when we were actually out on the street running it's just an exhilarating moment, everybody wants to take selfies with you,

even though they have no idea who you are and just the feeling of all of these people coming together, lining the route, really celebrating the --

bringing all of these countries together in something -- in a very positive moment.

Maybe a bit later we can show you a montage of the videos that we cut from that, but it was a really exhilarating moment, Kristie.

LU STOUT: Fantastic stuff.

Shasta Darlington joining us live from Rio. And again breaking news, the Olympic flame

has indeed touched down, has arrived in Rio. Shasta Darlington reporting for us live. Thank you, Shasta, and take care.

And now, to a story closer to the region here. Daily violence, suicide attempts, and suffering children, all of this according to human

rights groups is what life is like for refugees in one of Australia's offshore detention centers.

Amnesty International's Human Rights Watch say that hundreds of men, women, and children face dire conditions including severe abuse, and

neglect on the island of Nauru.

Now, the group say many are denied health care and suffer overwhelming despair. And they believe that Australia is deliberately failing to

address the problems.

(BEGIN VIDEO CLIP)

ELAINE PEARSON, AUSTRALIAN DIRECTOR, HUMAN RIGHTS WATCH: It's a deliberate policy of abuse. And the Australian government has been very

clear that this is all about deterrence, and an essential part of that deterrence is making conditions on Nauru really miserable for people. And

a lot of these have been brought to light before by the UNHCR, the Australian human rights commission other groups, even the government's own

investigations, and that the persistent failure of the government to address these issues suggests that in fact these abuses are condoned by the

government, and by the service providers who are helping or meant to be helping the refugees and asylum seekers there.

(END VIDEO CLIP)

[08:20:03] LU STOUT: All right, Human Rights Watch there.

And Australia is responding to these claims. Officials say that they were not contacted about the allegations and strongly deny many of them.

Now, the private company responsible for many aspects of refugee's care also says it was not given an opportunity to respond to the report.

Now, CNN has been following the situation at the Nauru detention center for months now. Back in January, Ivan Watson investigated claims of

detainee abuse speaking with former and current child inmates. Here's part of his report.

(BEGIN VIDEOTAPE)

IVAN WATSON, CNN SENIOR INTERNATIONAL CORRESPONDENT (voice-over): Children searched with metal detectors, just one of the security measures

imposed on scores of refugee and migrant children who were held for months and even years by the Australian government and one of their refugee

detention centers on the Pacific island of Nauru.

(on camera): How old were you when you first got to the detention center?

UNIDENTIFIED BOY: I was 10.

WATSON: And now?

UNIDENTIFIED BOY: 12.

WATSON: Now you're 12?

(voice-over): This boy is a member of Myanmar's increasingly persecuted Muslim minority, whose family tried years ago to reach Australia

by boat. They were intercepted by Australian authorities, who brought them to what she calls a prison.

UNIDENTIFIED FEMALE: These are friends all around the camps.

WATSON (on camera): Is this is a good place for children?

UNIDENTIFIED FEMALE: No. It's the worst place I have ever seen for children.

WATSON (voice-over): As of last December, there were at least 68 children out of a total of 537 detainees being held at this facility on an

island with just 21 square kilometers of territory.

The Australian government established this controversial detention center as a response to the tens of thousands of refugees and migrants who

embarked on smuggler's boats in a dangerous effort to reach Australian shores. Instead of keeping them in Australia, the authorities shipped

hundreds of migrants and refugees to this camp in an isolated, economically underdeveloped Pacific island nation.

(END VIDEOTAPE)

LU STOUT: And that was part of Ivan Watson's report into abuse on Nauru which CNN and News Stream first aired back in January.

Now in the United States, the Republican nominee for president is under scrutiny yet again. Now, President Barack Obama is calling Donald

Trump unfit to serve in the White House. And now there's word that trump's own campaign staffers are speaking out against his behavior on the trail.

Now, sources close to the Trump camp tell us that his campaign manager is among them.

Now, for more CNN's senior political reporter Manu Raju is in Washington. He's been tracking all the latest developments for us. He

joins us now live.

And Manu, just how much frustration is there in the Trump campaign, and in the GOP over Donald Trump?

MANU RAJU, CNN CORRESPONDENT: Quite a bit. Remember just two weeks ago, Republicans left their nominating convention saying that they were

more united than ever, but Donald Trump has since lurched from one controversy to another prompting one round of finger pointing and tension

and hand wringing within his own party, so that unity that was projected in Cleveland was just papering over deep-seated divisions.

(BEGIN VIDEOTAPE)

DONALD TRUMP, 2016 REPUBLICAN PRESIDENTIAL NOMINEE: I don't regret anything. I said nice things about the son.

RAJU (voice-over): Republican leaders and Donald Trump's own campaign staff frustrated with their candidate. Sources tell CNN even Trump's

campaign manager, Paul Manafort, is upset with Trump. The tipping point: Trump openly challenging the parents of slain Muslim soldier Captain

Humayun Khan.

KHAN: This person is not fit for the office he's seeking.

RAJU: Trump refusing to drop his fight with the Gold-Star family, despite the urging of senior staff, and failing to stay on message and

attacking Hillary Clinton.

TRUMP: I was hit very hard from the stage, and you know, it's just one of those things. No, I don't regret anything.

RAJU: This as Trump refuses to endorse House Speaker Paul Ryan in his Republican primary, telling "The Washington Post," "I'm just not quite

there yet. I'm not quite there yet." Trump thumbing his nose at Ryan's delayed decision to endorse him back in May.

REP. PAUL RYAN (R-WI), SPEAKER OF THE HOUSE: I'm just not ready to do that at this point. I'm not there right now. RAJU: Trump also declining to

back former GOP nominee Arizona Senator

John McCain, who is in a tough re-election battle: "I've always felt that he should have done a much better job for the vets."

Trump's tension with McCain has been brewing ever since Trump criticized the war hero for being captured in Vietnam. McCain telling me

back in May, he wants Trump to apologize to POWs.

MCCAIN: When he said, "I don't like people who were captured," then there's a body of American heroes that I'd like to see him retract that

statement.

RAJU: The avalanche of Trump's controversial statements prompting several prominent Republicans to break from their party and back Hillary

Clinton.

President Obama used the weight of the office to slam Trump at a news conference with the foreign leader at the White House.

OBAMA: The Republican nominee is unfit to serve as president.

RAJU: And blasting Republicans for standing by their nominee.

OBAMA: If you are repeatedly having to say in very strong terms that what he has said is unacceptable, why are you still endorsing him? This

isn't a situation where you have an episodic gaffe. This is daily. And weekly, where they are distancing themselves from statements he's making.

RAJU: Trump firing back.

TRUMP: Well, he's a terrible president. He'll probably go down as the worst president in the history of our country. He's been a total disaster.

(END VIDEOTAPE)

RAJU: Now, Kristie, earlier this morning Trump tweeted that there's quote, great unity inside his campaign, perhaps more than ever before. But

his refusal to endorse Paul Ryan has prompted a lot of turmoil, some House and Senate Republicans tell me that they believe Trump is acting vindictive

and they believe that his remarks will make it harder to stop more Republicans from defecting and refusing to support him this fall, Kristie.

LU STOUT: Yeah, and we're seeing high profile Republican supporter stepping away from Donald Trump. Meg Whitman, a major Republican donor,

she is now supporting Hillary Clinton over Trump.

So could we see more of this kind of high profile Republican defections?

RAJU: I think we could expect that. Prominent Republicans, big donor types, moderate Republicans, center-right, more establishment minded

Republicans, you could see that.

But not Republican members of congress, particularly ones in tough re- election races.

Why? Because they need Donald Trump's supporters to come out in the fall. So a lot of these Republicans are in a bind, because they need those

supporters to come out in the fall. Those Trump supporters, but at the same time, they, they have to reach out to those independent voters, those

minority voters, who may be put off by Donald Trump, Kristie.

LU STOUT: And a question about post-convention polling. I know you follow the numbers closely. We see that Hillary Clinton has retaken the

lead over Donald Trump. Is he vulnerable? Could she retain that lead?

RAJU: She certainly can. But we'll have to see how this played out in the battleground states. We know nationally that she is doing well.

But at the end of the day this is going to come down to a handful of swing states including Ohio, Florida, Pennsylvania. Does she

have a big bounce coming out of her convention in those states and can she retain the lead in those states? That's going to be the big question going

forward, Kristie.

LU STOUT: All right, Manu Raju reporting for us live. Thank you. Take care.

You're watching News Stream. And still to come on the program, the multi-billion dollar scandal centering around Mmalaysia's prime minister.

Najib Razak faces new calls to stand down.

(COMMERCIAL BREAK)

(HEADLINES)

[11:31:45] LU STOUT; Malaysia's prime minister is under growing pressure to resign over a multibillion dollar financial scandal. The U.S.

Justice Department says up to $3.5 billion have been stolen from the state development fund.

Andrew Stevens has this.

(BEGIN VIDEOTAPE)

ANDREW STEVENS, CNN INTERNATIONAL CORRESPONDENT: At 91 years old, the former strongman of Malaysian politics, Mahathir Mohamad, has a new fight.

His target: the country's prime minister Najib Razak, now engulfed in a scandal involving the country's sovereign wealth fund, !MDB, that has been

simmering for years.

The U.S. Justice Department alleges more than $3.5 billion was stolen from the fund. The fund's advisory board was headed by Najib. U.S.

Attorney General Loretta Lynch described the fund as a personal bank account for corrupt Malaysian officials. And the report alleges a high

ranking official in the government known as Malaysian Official One received hundreds of millions of dollars.

Many Malaysians believe this is a reference to the prime minister who has not been charged.

MAHATHIR MOHAMED, FRM. MALAYSIAN PRIME MINISTER: People are frightened to talk.

STEVENS: Mahathir says the government is trying to silence anyone who speaks out about it

in Malaysia, including him.

MOHAMED: The U.S. government has done a good job by exposing this thing, because in the country nobody dares to talk about it. You talk then

the police will call you.

STEVENS: Has that happened to you?

MOHAMED: It has happened to me. At the same time, they are harassing my friends, members of my family, to the extent that people are afraid to

talk to me.

STEVENS: Malaysia's longest serving prime minister, a man with a reputation for cracking

down on the opposition, says the government is turning the country into a police state.

Protests against the government have been growing. This was the scene last August when an estimated 500,000 people took to the streets to call

for the resignation of Najib over 1MDB. But since then new security laws have been introduced including the National Security Council Act that gives

the government sweeping new powers of arrest and detention and allows them to close down protests much more easily.

MARIA CHIN ABDULLA, CHAIRPERSON, BERSII: It's closing off the freedoms that in Malaysia.

STEVENS: Maria Chin Abdulla heads up the civil liberties group Bersii which organized the protest. The distinctive yellow t-shirts that have

defined the demonstrations are now outlawed.

But the loss of civil liberties goes much deeper than that, she says.

ABDULLA: We not only have existing draconian laws, we also have new laws that actually curb our freedom of assembly.

STEVENS: Another rally is planned this year, but Mahathir says the opposition forces are

running out of options.

MOHAMED: Reporting to the police also is useless, and going to parliament is also useless. We are actually powerless to do anything at

all to correct the wrong things that he has done.

STEVENS: Andrew Stevens, CNN, Kuala Lumpur, Malaysia.

(END VIDEOTAPE)

LU STOUT: Now London is about to see more armed police officers on its streets following the recent terror attacks in Europe. The

metropolitan police say the added security is not based on any specific intelligence, but it's part of an overall effort to protect the public.

Now police say the officers will be posted in highly visible locations across the city.

The mayor of London says there is no reason to be alarmed.

(BEGIN VIDEO CLIP)

SADIQ KHAN, LONDON MAYOR: The threat level hasn't changed. But learning the lessons from Europe, from Nice, from Paris, from Munich, and

we're ensuring that not only do Londoners feel reassured and safe, but frankly speaking, the bad people recognize that our

police service, security services, all of us, do our best to keep us all safe.

(END VIDEO CLIP)

LU STOUT: Now, the mayor of London, Sadiq Khan, there.

Now, the terror threat level in the British capital is currently at severe.

Now, more than $65 million of BitCoins have been stolen by hackers from a major exchange here in Hong Kong. BitFinex said it halted all

trading when it found out.

Now, BitCoin is digital currency that's not tied to any country or subject to regulation. Hackers not nearly 120,000 BitCoins from users.

You create them by using computers to solve complex math puzzles.

And this was the second biggest BitCoin heist in the last two years. The Tokyo exchange MTGOX declared bankruptcy back in 2014 after it lost

almost $500 million in BitCoins.

Now, coming up right here on CNN, a big boost for Hulu after the break how a new partner could give the streaming TV service an edge against rival

Netflix.

(COMMERCIAL BREAK)

LU STOUT: Now, streaming TV service Hulu has another investor: Time Warner. CNN's parent company, yes, is buying a 10 percent stake at the

same time says its portfolio of cable channels, including CNN, will be available on Hulu's live streaming TV service. Now our senior media

correspondent Brian Stelter is following this. He joins us now live from New York. And Brian, break down this deal for us. What does it mean for

Hulu?

BRIAN STELTER, CNN MEDIA CORRESPONDENT: This has been in the works for a long time. And this is a fourth partner for Hulu, which of course is

a little bit like Netflix, a little bit like Amazon. It's a library of on demand TV shows. It's been around for almost ten years. But it now wants

to get into the cable business.

Hulu early next year will launch a cable-like streaming service, with live channels, including CNN and many others, this is the first step in

that direction by Hulu.

So what's happening today is Time Warner, the parent company of CNN, is investing in to Hulu

to the tune of about $580 million, that's enough for 10 percent of the company, which values Hulu at

almost $6 billion.

Keep in mind, Netflix is worth $40 billion, as a publicly traded company. Hulu is privately owned by Comcast, 21st Century Fox and Disney,

three of the biggest media companies in the world.

So, with Time Warner now entering the fray now four of the biggest media companies in the world are all backing this service basically placing

bets on the future of TV.

[08:40:51] LU STOUT: So the map here has been redrawn. So, what does it mean for the

overall subscription video market which, as you reminded us, is still dominated by Netflix?

STELTER: Yes, that's right.

I think what's happening here is Time Warner is trying to have it both ways. And who wouldn't. Every major media company wants to have it both

ways right now.

Time Warner wants to have a competitive marketplace for live TV channels like the one that you're watching right now. It wants to have

people buying subscriptions to cable or satellite services every month, but it also wants people paying for Netflix and Hulu and Amazon and other types

of online libraries of shows.

So, by having this 10 percent stake in Hulu, Time Warner will have more influence over the future of TV. And by Hulu launching a cable-like

bundle where you'll be able to sign up for a bundle of channels early next year, that's a sign toward where the online

streaming marketplace is going.

There's lots of these types of services. And Apple has been trying to build one for awhile, as well.

Think of them as a better, faster version of cable or satellite, where you don't have to have any

annoying hardware or a set top box.

We'll see in time how many customers really want to opt for these kind of internet cable-like services. But for now Time Warner placing a big bet

here, almost $600 million worth, on Hulu.

LU STOUT: Yeah, and being that this is CNN international, we've got to ask this question on behalf of our international viewers you know we

know that Netflix is available internationally. Hulu is not. Do you think that's going to change after this deal?

STELTER: There's been no indication that the CEO, Mike Hopkins, plans to launch internationally in the short-term. But he has said in the past

they are looking at other markets to expand in the longer-term.

They have deals right now in Japan, I believe in a couple of other countries, but you're right the footprint is very limited compared to

Netflix.

I think there are many companies, though, that look at Netflix with a lot of envoy now that Netflix has basically been turned on all around the

world.

LUS TOUT: All right Brian Stelter with the story. Thank you, Brian, take care.

And that is it for News Stream. I'm Kristie Lu Stout but don't go anywhere. World Sport live from Rio with Amanda Davies is next.

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