Return to Transcripts main page

Connect the World

Oil Tops $110 a Barrel Amid Global Supply Concerns; Day of Pomp, Ceremony and Diplomacy for King Charles in U.S.; British Royals Will Not Meet Epstein Survivors While in the U.S.; Trump-Kimmel Feud Reignites After Morbid First Lady Joke; U.S. Soldier Accused of Betting on Maduro Raid to Enter Plea. Aired 9-9:45a ET

Aired April 28, 2026 - 09:00   ET

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

[09:00:00]

(COMMERCIAL BREAK)

BECKY ANDERSON, CNN HOST, CONNECT THE WORLD: Can a visit from King Charles help the UK mend ties with U.S. and President Trump, well, the king will

address the U.S. Congress in a few hours. It is 09:00 a.m. in Washington. It's 05:00 p.m. here in Abu Dhabi.

From our Middle East programming headquarters, I'm Becky Anderson. You're watching "Connect the World". Stock market in New York opens about 30

minutes from now. We are looking at a mixed open amid continuing U.S.-Iran tensions. More on that in a moment.

First up, we begin with breaking news of a stunning move in the oil market. At a time when the Iran war has already caused an historic global energy

shock. The United Arab Emirates says it will withdraw from the Organization of Petroleum Exporting Countries known as OPEC effective May the first.

That is according to the state news agency WAM. This announcement comes as the oil producers' group has been struggling to move shipments through the

Strait of Hormuz. Well, that announcement to the UAE, withdrawing from OPEC comes as oils upward March shows no signs of letting up.

Two months into the Iran war, the price of Brent crude topped $110 a barrel for the first time in three weeks today. WTI, the U.S. benchmark, also

trading higher. Well CNN's Eleni Giokos covering the very latest for us from Dubai. Eleni, the UAE is a major oil producer, founding member of

OPEC. How significant a movie is this?

ELENI GIOKOS, CNN CORRESPONDENT: This is very significant, Becky. It brings a 59-year relationship to an end. And we just saw this posted on local

media, and this is the statement. I want to read you a little bit of this, because it gives you some insight into what the UAE government is thinking.

They say this decision came after a thorough review of the UAE production policy and its current and future capacity and in view of what the national

interest requires and the state's commitment to contribute effectively to meeting the urgent needs of the market.

Meanwhile, geopolitical fluctuations continue in the near term, through the disturbances in the Arabian Gulf and the Strait of Hormuz, which affects

supply dynamics, as the basic trends indicate continued growth in global energy demand in the medium and long term.

So just to give you a little bit of insight in terms of the UAE's, you know, capacity right now, in terms of what they want to be producing by

2027. We know they want to take that production up to around 5 million barrels per day by 2027 right now, in terms of what the OPEC, you know,

rules have been it's around 3.5 million barrels per day.

So clearly, there's always been sort of an undercurrent of trying to increase the amount of production from the UAE. But this is absolutely

significant. We need to look at the timing of this. While we've seen restrictions in the Strait of Hormuz, which, of course, has affected the

movement of oil and products from the region, specifically in the Gulf states.

And also, quite important to note in terms of the underlying messaging here, you've got to remember that Qatar withdrew from OPEC in 2018 and that

was a very symbolic move, moving more into gas. Here we have a significant oil producer, Becky, that is now withdrawing from OPEC and OPEC+ countries.

You've also got to remember that Russia joined the OPEC membership in around 2016 that caused quite a lot of questions in terms of the way that

OPEC was looking at the overall production capacity of all nations that were included, but OPEC's premise, Becky, is about controlling supply and

demand, and, of course, stabilization of the oil market.

We're looking at a very different scenario now, where we've got Brent crude prices sitting at $111 a barrel, in a very new reality, where you've got

this energy supply shock coming to the fore. And the UAE taking this very interesting stance here. They also say stable, global energy system depends

on flexible, reliable and affordable supply.

The UAE investing in involving, evolving, efficiently and responsibly, prioritizing, they say stability, affordability as well as sustainability.

[09:05:00]

They also mentioned that they joined OPEC in 1967, you know, this was prior to the formation of the UAE. So, this is a very long-standing relationship

OPEC members, of course, standing, you know, at around 11 now, once the UAE decides to leave, it's going to happen on the first of May.

ANDERSON: Good to have you, Eleni, thank you. Robin Mills joining me now from Dubai. He's the CEO of Qamar Energy. Robin, this is an announcement

made just in the past few minutes. How significant is the UAE's role in OPEC? And what are the potential short and long-term market impacts of this

decision?

ROBIN MILLS, CEO OF QAMAR ENERGY: Well, a very big news, as you say, you mentioned Qatar leaving a few years back. It was a much smaller producer.

The UAE is one of the top three in the organization, and the one which was going to grow production more than anybody else.

So very -- and always a very influential player, generally working closely with the Saudi's, but always a very influential second voice. So yes, for

them to leave is certainly a big shock to the organization.

ANDERSON: The UAE says this is about I quote here, national interest and flexibility. What was it specifically constrained from doing inside OPEC?

MILLS: Well, the UAE had been following the OPEC quotas, of course, and which most recently limited to about 3.2 million barrels per day

production, and yet, the capacity has reached at least 4.8 million, and well on the way to 5 million. And the UAE even had thoughts of pushing

beyond that, perhaps the 6 million of capacity.

So, they were certainly -- they were more constrained, really, than anybody else in OPEC by those production limits. And yes, they were allowed some

small increases along the way, but not enough to meet their aspirations for much higher production.

ANDERSON: Yeah, for some years, there has been reports, you and I know this, of internal friction within the group on production quotas, the UAE

seeking higher output limits to match its spare capacity. It's got low-cost production advantages, of course. The statement references instability in

the Strait of Hormuz. How much do you believe regional security concerns factor into this decision?

MILLS: Well, as you say, the UAE had expressed some concerns about OPEC and the limitations on it for a while. I don't think we expected that that

would lead to an exit. But obviously, the war has changed things, and there's a timing aspect here of course, if you're going to leave the

organization, best to do it now when there aren't really any practical limits on production from OPEC, and the limits are all externally imposed.

So, it doesn't affect anything in OPEC's immediate production policy. And who knows when the war and the blockade are sorted out, OPEC will have to

think again about all of its quotas anyway. So, and that could be a cost me, months off. So, it's in that sense, it's a good timing. There is a time

to leave. Now is the time.

ANDERSON: Yeah, let me bring up the price of oil, reminding our viewers that WTI trading above 100 as we speak, Brent above 111. Let's remind our

viewers that the Brent figure was down at something like 70. So, these are significant increases over the past, what, eight weeks or so.

I'm just wondering whether you can do a bit of a deeper dive on what you believe this decision will mean with regard supply and prices. If the UAE

increases production outside what were quota constraints that would suggest global supply increasing. Now, the problem at the moment is supply isn't

moving, correct?

So, as you rightly point out, perhaps this may not have a significant short, very short-term impact, because there is this issue about moving

supplies around at the moment, but were we to get the Strait of Hormuz effectively open again. You can see a sort of medium to long term impact.

Can you of this decision?

MILLS: Well, let's say when the strait is open and traffic is moving normally again, whenever that is then, OPEC will want to increase

production overall to make up for the losses, right and to refill storage around the world and so on. The UAE now can do that without any

constraints.

[09:10:00]

So, once it's ready to produce it at maximum, again, it can go straight from its prewar 3.2 to 5 million, or whatever the current capacity is. So

yes, it puts it well ahead of its former OPEC colleagues in helping to refill that storage in the months and years ahead, after the end of the

blockade.

ANDERSON: Let's remind ourselves, if anybody's on Econ 101 out there, they'll know the word cartel. This is a cartel to all intents and purposes.

It's a price fixing sort of group of mechanism for a group of countries coming out of that. I wonder where you see the UAE, sort of pitching its

relationship U.S. for example, not in OPEC.

I mean, these OPEC countries that continue to be in the group have what some 40 percent of production or supply, some 70 percent of global

reserves. Does this to your mind pitch the UAE with a different set of countries closer to the U.S.? For example, we've seen the UAE doubling down

on its relationship during this conflict with the U.S.

The UAE has been very specific about how it feels about certain alliances, allies -- friendships, as it were. Is there a statement here that you see

sort of below the line?

MILLS: Well, you know, OPEC is, of course, been about fixing production levels rather than price. Obviously, they think about price, but production

levels are key, and we've had times in the past when one country has tried to increase production a lot, you know, and famously, Venezuela in the late

90s, and the Saudi's managed to undermine that.

Now, I think the U.S. positioned itself here as a country that you know, post war will be very attractive for investment in the oil sector, whether

from U.S. companies, or indeed, others. Of course, it already has plenty of foreign partners, but yes, if it's going to solidify that 5 million per day

of capacity and maybe push on towards 6 million.

Then there'll be plenty of room for new international investment for many countries and like perhaps like Venezuela as well. You know another one

that where politics have changed significantly over the past few months.

ANDERSON: And we discussed, finally, Qatar leaving the cartel in 2019 not as significant a move as the UAE, given Qatar's oil exports and supply and

reserves. Without the UAE, it does feel as if OPEC loses some political cohesion. I wonder what impact you think that might have on OPEC's leader,

which, of course, is the Kingdom of Saudi Arabia.

MILLS: Well, right. And look at, I think, the form, if you go back to the formation of OPEC+, which, of course, brought in Russia and some other

countries. That was a recognition that OPEC needed help, that it couldn't manage the market alone, with the U.S. and shell production and Russia as

opponents.

It needed to bring one of those in. But yes, for the UAE, is a very major and growing producer to leave. That is -- that does make it more difficult

for Saudi Arabia, the group as a whole. If we take even the wider OPEC+ group that loses some cohesion, you might see Kazakhstan leave as well.

That's another significant producer that wants to grow. So yes, it'll make the post war market management sunny tricky for the Saudis.

ANDERSON: Yeah, good to have you, Robin, always useful to get your analysis and insight imbued in this market of course, probably forgot more about the

oil markets than most of us will ever know. Thank you, Robin. Diplomacy, to end the U.S. war with Iran does appear stuck in neutral at present.

Two sources tell CNN that U.S. President Donald Trump is unlikely to accept Iran's latest proposal to end the conflict and reopen the Strait of Hormuz.

U.S. Secretary of State, Marco Rubio does say Iran's new plan is better than expected. The big sticking point appears to be Tehran's insistence on

pushing back negotiations over the future of its nuclear program to a later date.

Another potential issue U.S. uncertainty about who's in charge in Iran and who would make the ultimate decision over any potential deal. Nic

Robertson, connecting us from Islamabad. Pakistani mediators, Nic, still hoping to shepherd a deal across the line at present that doesn't seem

likely, at least not in the short term. What more can you tell us at this point?

[09:15:00]

NIC ROBERTSON, CNN INTERNATIONAL DIPLOMATIC EDITOR: Yeah, it certainly seems that the president has obviously seen or understands what Iran's

position was, and of course, Iran has been involved in a sort of a big round of diplomacy and meetings the foreign minister, sort of doing the big

tour, as we saw him over the weekend, and finishing up in Russia and on the way back to Tehran, expected.

So -- and I think you know, as we understand how the nature of the mediation process and the talks go, it's not a sort of everyone in exchange

of points and everyone runs home and then nothing for a number of days. I think it's easier, perhaps better, to understand it as sort of ongoing

conversations that the mediators are having with both the parties, Iran and the U.S.

But my understanding is that right now, the bull is in Iran's core to come back, understanding everything that they've heard from the Americans,

learning the things that they've learned on this diplomatic tour by the foreign minister, to come up later this week, that would be the

expectation, you know, the clock is ticking here, to come up with a sort of a new position.

And the question is, what is that new position going to be? Is it that President Trump, as you say, is balking at the idea of parking the nuclear

issue until later. Or is it that there are parts of the nuclear issue that perhaps Iran could get on board and get included in this first phase of the

deal?

There are things they want to lock in. They want to lock in the permanent ceasefire. They want to lock in certain legal implications or new legal

status of on the Strait of Hormuz. I think that's widely viewed internationally as a non-starter. So, you know, what can Iran do to bring

this back to a place to at least get a first sort of big part of the deal?

The easy things done a sort of reset to before the war, plus. And I think the question may be at the moment is, what's in that plus? That's perhaps

where President Trump is looking to see a move from Iran. We don't have the details. We don't know the details. But my sense is, again, the ball is

back in Iran's court at the moment.

ANDERSON: Good to have you, Nic, thank you. Nic Robertson is in Islamabad. We're going to take a very short break. You're watching "Connect the World"

with me Becky Anderson, back after this.

(COMMERCIAL BREAK)

ANDERSON: It is a pivotal day for the British monarchs, four-day visit to the United States. Just over an hour from now, we expect to see King

Charles the third and Queen Camilla arrive at the White House, where they will get the full red-carpet treatment.

[09:20:00]

Unlike Monday's more relaxed affair, today's schedule full of pomp, ceremony and perhaps most importantly, diplomacy, the king due to speak to

lawmakers on Capitol Hill at a time when transatlantic relations between the U.S. and the UK are frankly strained. He is expected to acknowledge the

current discord between the two countries over President Trump's war with Iran, while crucially arguing that the ties that bind them are strong

enough to withstand this difficult moment in history.

Let's get straight to the White House, where all of this action sort of is about to happen, at least in the city there. Kevin Liptak standing by. Just

take us through the schedule today. What can we expect?

KEVIN LIPTAK, CNN SENIOR WHITE HOUSE REPORTER: Yeah, in about 90 minutes, we'll see their majesties roll up onto the south on and you can hear the

bands warming up already from where I am. This is really sort of the most elevated form of American diplomacy.

You'll see the marching bands. You'll see the red carpet. Almost the entire administration will be out there to greet them, and they'll be thousands of

people as well, waiting, waving flags welcoming them to the White House for the formal part of this four-day state visit.

You know, King Charles has actually been to the White House many times, but this is his first time as king, and this will be an, I think, an important

moment. And it is a great honor for President Trump himself, who has talked about his affinity for the Royals, talked about how when he was six years

old, he watched his mother watching Queen Elizabeth's coronation on the television, and so this is a major moment for him.

He didn't do this during his first term, and I think it is a highly important and highly significant time for him as he welcomes them here to

the White House. From there, they will go to the Oval Office. This is being described as a private meeting. You know, so often we see the president

bring television cameras in for his meetings with foreign leaders.

That's not what's happening today. Perhaps we'll get a still photograph or two, but we won't see them speaking to each other, and I think that's

partly designed to avoid any awkwardness amid these very tense times between the U.S. and Britain as the president excoriates the Prime Minister

Keir Starmer for not getting more involved in the Iran war as he goes after NATO is even potentially in a document that was leaked raises the

possibility that the U.S. with would draw its recognition of Britain's take over the Falkland Islands.

All of these pieces of tension that are seeping into this relationship, they do not want that to seep into public during this visit. And so, this

moment in the Oval Office won't necessarily be televised. We'll see it, but we won't hear it. From there, the king goes up to Capitol Hill.

This is kind of the centerpiece of his visit here, this is the moment when we will hear from him, and what the palace has been saying is that this

will allude to some of these tensions. You know, the king never comes out and talks about them explicitly. You do kind of have to have a careful ear

to understand what he's saying, but I think anyone who is listening will know what he's talking about.

When he's talking about reconciliation, when he's talking about finding ways to come together. He's even going to reference his time in the Royal

Navy, which is an institution that the president has derided over the last few weeks. And so, it will be pretty clear what his message is there, and

then it's back to the White House for the formal state dinner.

ANDERSON: Yeah.

LIPTAK: So, a lot going on, a lot of diplomacy here in Washington today.

ANDERSON: Understood. Kevin, thank you for that. Kevin Liptak is in Washington. We are joined now from London by David Manning. He was the UK's

Ambassador to the United States under Prime Minister Tony Blair. It's good to have you, sir. Thank you. King Charles, certainly intending to use his

sort of soft power opportunity to smooth over what has been the sort of rancor between these two countries.

How do you think he will do with his speech? Or certainly, how do you think he'll accomplish that with his speech to Congress?

DAVID MANNING, FORMER BRITISH AMBASSADOR TO U.S.: I think he'll do very well. He's a very experienced diplomat, and he will be able to speak to

Congress. He's only the second British monarch. I think to be able to do that with huge experience behind him.

I think what your Correspondent Kevin was saying about how he will do it is exactly right. I think it will be clear that he is referring to our shared

values, a shared view of the world that we've had together over, certainly the period since the Second World War. And what that has achieved, and how

important it is that we should overcome current difficulties and differences?

And remember what that has contributed to both countries. I don't think he will get involved in specific issues. He's not a political leader. He is

not a negotiator, but I'm quite sure that he can try to play the role of stabilizer and to improve the general context in which the bilateral

relationship can move forward at what is a very difficult time.

[09:25:00]

ANDERSON: I mean, his relationship with Donald J. Trump is a good one, which certainly helps. I mean, this is a U.S. President who puts a lot of

sorts of currency in personal relationships. But at the end of the day, during this presidency, there have been real problems, real sort of back

and forth between the U.S. and the UK.

And you know, this isn't -- it's not the king's position to be political, of course. But at this point, how would you describe that as well, sort of

special relationship? And where do you see it going forward?

MANNING: Well, the special relationship is strained. There's no question about that. And there are deep differences over policies, and you've

alluded to some of them. We don't agree with the president over the handling of Russia. There are differences over Iran and the Straits of

Hormuz.

There are problems over tariffs, and there's also a bad climate, if you like, in terms of personal relationships. The president and those around

him have been contemptuous about British leadership, about the British military, about what they see as our position over the Gulf.

And there have been some far-fetched and rather ridiculous accusations about the state of criminality and anarchy, if you like, in London. So, it

the relationship is as strained as I can remember it. But having said that, what the king can do is remind both the president and his audience and the

United States more widely about what we have had in our relationship together over a long period.

He's there to celebrate and congratulate the United States on its 250th anniversary of independence, but also to celebrate a relationship that has,

in all its complexity, had enormous impact for both countries. And I think what he will want to do is to ask the audience to raise their eyes above

current differences and remember that, you know, we need to work together.

We can do a lot together. And the risk is, frankly, if we don't hang together, we shall, as they say, definitely hang separately.

ANDERSON: And David, I must just ask, how you believe that the king will navigate the Epstein sort of saga. His brother caught up in the in the

Epstein sort of files. He's been stripped of his royal duties and his titles. Do you expect him to speak to that meet survivors? I mean, what's

your sense as we go into this?

MANNING: Well, I think it's a matter, actually, entirely for the king and queen whether they wanted to do this and thought it was appropriate, as I

understand it, the queen has had meetings yesterday at the residence, the British residents, with those working with the survivors of domestic abuse.

But I, frankly, I find this obsession with the Epstein issue a bit rather odd. Of course, one has enormous sympathy for all the victims, but this is

essentially an American crisis. This is essentially an American scandal. Now, it's certainly sucked in some very high-profile Brits.

But we're not alone. The French, Norwegians, Italians, have also got people who were in Jeffrey Epstein's address book, as far as I can see.

ANDERSON: Right.

MANNING: But frankly, before we get to the point of saying, should the king and queen see the, you know, people in the United States about this,

shouldn't it first of all be the president and the first lady who see them.

ANDERSON: It's an interesting perspective. Not everybody will agree with you on that, but it's your perspective, and I appreciate your time today.

Thank you. The UK's Former Ambassador to the United States. Yeah, no, I'm just, I'm just pointing out that it is your perspective. But anyway, thank

you.

MANNING: I think -- sitting in London that there is this obsession with Epstein in relation to --

ANDERSON: Yeah.

MANNING: -- when the fact there are so many prominent Americans who are involved, and as far as I'm aware at the moment, you know, they have not

been -- the victims --

ANDERSON: Understood. But it is an important question, given that it is the brother of King Charles, who has been, as you describe it sucked into this.

[09:30:00]

And of course, we've seen the demise of the Former UK Ambassador to the U.S. atmospherically caught up in this as well. David, thank you very much

indeed for joining us. All right, we're going to get the opening bell on Wall Street for you rung today by bell Joby, which is the aviation company,

which has completed its first electric air taxi flight in New York.

Company, that is also represented here in the UAE in the world of autonomous vehicles. We will see how stocks are getting on. Look as if

they're going to be a bit mixed to slightly higher on the open. We'll see how those stocks are getting on, after this.

(COMMERCIAL BREAK)

ANDERSON: All right. Welcome back. Let's see how stocks are getting on at the open this Tuesday, just after half past nine, and that is the state of

play. The DOW up about a fifth of 1 percent quite a significant drop actually, today, on the NASDAQ of more than 1 percent and the S&P trading

about a half of 1 percent lower back there.

And as we move through the next couple of hours, we'll keep an eye on those oil prices, it has to be said, quite significantly higher today, Brent over

110. Well, the simmering feud between President Trump and Late-Night Host Jimmy Kimmel is starting to flare up again just two days before the

incident at the White House Correspondents' dinner.

Kimmel opened his show by pretending to be the comedic host of the upcoming event, which, in the past, has been known for taunting attendees in the

crowd. One joke about the first lady is sparking controversy. Have a listen.

(BEGIN VIDEO CLIP)

JIMMY KIMMEL, HOST OF "JIMMY KIMMEL LIVE": And of course, our First Lady, Melania, is here. Look at more. So beautiful, Mrs. Trump, you have a glow

like an expectant widow.

(END VIDEO CLIP)

ANDERSON: Well, let's remind ourselves that was actually a mockup of Kimmel at the event, and it was published last Thursday. Well, on Monday this

week, the First Lady posted on X, that Kimmel's monolog quote deepens the political sickness within America.

Over on Truth Social, President Trump called for Disney and ABC to fire Kimmel over the joke, describing it as a despicable call to violence. Well,

for more on this, let's bring in CNN's Chief Media Analyst, Brian Stelter.

[09:35:00]

Timing has to be said. I think we'd agree, pretty uncomfortable, the White House blaming sort of democratic rhetoric for the violence at the White

House Correspondents' dinner. And I guess the question is, can they make a sort of credible case to, you know, criticize, Kimmel when Donald Trump

himself has repeatedly used inflammatory language.

BRIAN STELTER, CNN CHIEF MEDIA ANALYST: Yes, yes. In fact, over his entire political career, President Trump has done so and has often been celebrated

by his base for doing so. There are layers and layers of hypocrisy, or layers and layers of double standards, and I think most viewers see that.

I also think when we're talking about a political leader trying to silence a comedian, that's usually a story you tell in autocracies. That's usually

a story we read about in dictatorships. This, of course, is the American democracy, and it's another one of the tests that we've been through during

Trump 2.0.

There's been a lot of these tests at this point where you have the government trying to pressure a media company or trying to pressure a

critic. And the good news, as I see it, is that in most of these tests, America has been passing the test. The First Amendment has been standing

rather strong, if that's possible.

So, you know, we've been through this story before with ABC and Kimmel, where local stations who wanted to appease President Trump pulled Kimmel's

show, then ABC preempted him nationwide. That's what happened last September, when there was another Kimmel controversy, and other Trump

Administration officials pressuring ABC.

But you remember what happened in that case. After less than a week, ABC brought Kimmel back, and he became stronger and more popular than ever.

That was inside Disney kind of a regretful episode, because Disney seemed to be flip flopping, trying to have it both ways.

It was embarrassing for ABC News, parent company, Disney. This time around, we're not seeing that happen. We're not seeing the local stations -- Kimmel

show. We're not seeing ABC hesitate about what to do. We are seeing ABC strongly support Kimmel, not in a statement, because the network has not

commented, but by putting his show on the air overnight.

So, I think something's changed here in the power dynamics, and we are seeing and maybe that's because Trump's approval rating is continuing to

drop. Maybe it's because last fall's episode was embarrassing for everybody involved. We're not seeing Disney at all. Seem to cave to the pressure from

the administration.

ANDERSON: Yes, fascinating, isn't it? Brian, always good to have you. Thank you. Brian Stelter in the house. You are watching. "Connect the World".

There is a lot more news ahead. Stay with us.

(COMMERCIAL BREAK)

ANDERSON: The U.S. Special Forces soldier accused of betting on Venezuelan President Nicolas Maduro's extraction will be in court today to enter a

plea.

[09:40:00]

Master Sergeant Gannon Ken Van Dyke will appear before a New York judge after his arrest last week on five charges, including the misuse of

classified information about the Maduro raid.

Prosecutors say he wagered about $35,000 on poly market, one of the prediction markets before the January operation, pocketing more than

$400,000 that he hid in a crypto account. Well CNN's Kara Scannell is outside the courthouse in Manhattan. Kara, it's good to have you. What are

we expecting today?

KARA SCANNELL, CNN CORRESPONDENT: So just a few hours from now, the Master Sergeant Gannon Ken Van Dyke will make his first appearance in a federal

courthouse in New York where he will be arraigned on the five criminal charges he is facing, including the unlawful use of confidential government

information for his personal gain.

Authorities say that he was involved in the planning and execution of the U.S. military operation to capture Venezuelan President Nicolas Maduro and

his wife and bring them to the U.S. to face charges. They say that based on the knowledge that he had the classified information about the raid.

He made several bets on poly market, one of the most popular prediction markets. The biggest bet was a $32,000 bet that Maduro would be out by

January. Prosecutors say that bet was made just a few hours before that raid actually got under way. And afterwards, that $32,000 bet turned into a

profit of more than $400,000.

Prosecutors say it is a classic case of insider trading, but it also raises questions about national security and the soldier using this classified

information for his own gain. It's also the first time there's been any criminal charges involving bets placed on the prediction market.

So, it's one that people are closely watching. He will appear in court, be arraigned on those five charges, and then the case will go from there,

Becky.

ANDERSON: Good to have you. Thank you, Kara. Kara Scannell is in New York for us. "World Sport" with Amanda Davies is after this short break. I'll be

back in about 15 minutes with more "Connect the World". Stay with us.

(COMMERCIAL BREAK)

[09:45:00]

(WORLD SPORT)

END