[Hadas Gold, Cnn Reporter:] Yes, Zain. So this is unprecedented and actually rather embarrassing for a central bank. So pretty much what happens is that hedge funds were paying almost at least GBP2,500 to get access to this third party supplier who was supposed to do this audio back up to Mark Carney press conferences at the central bank, but what it meant is that hedge funds would get about an eight second head start on any information that Mark Carney might be saying, but these audio backups were just supposed to be back ups for if the video failed. They weren't supposed to be accessible to these hedge funds who, as we all know, getting an eight-second head start on information that might give you clues are where interest rates are going to go, can move the markets, they can move the bond markets, the currency markets, and that could mean millions worth of dollars for these hedge funds who do this high-speed training. So now we're seeing some consequences from this. Like I said, this is unprecedented for a central bank. They say that they have referred this to the Financial Conduct Authority now. High-frequency trading is not illegal, but what the FCA will likely look into is whether this eight-second extra and especially the fact that it was a hack not meant to be public whether that could be somehow construed at insider trading, insider information of any kind. The bank has called this unacceptable. They have cut off this third party supplier, and now there are also calls for the COO of the Bank of England, Joanna Place, to resign. And honestly, Zain, it just casts this shadow over Mark Carney in his last six weeks, He's supposed to be exiting the bank very soon. His replacement is supposed to be announced in the next few days, the next few weeks. It's just not a very good look for the Bank of England, especially right now, especially with so much going on with Brexit. It's just it's very unfortunate for them and it's just sort of stunning hack. Now, it might not seem like a lot of time for us, eight seconds, on something that's going to be public anyway, but those eight seconds when you're working with these high-frequency traders, with all these computer trades, that all they need is milliseconds, that could mean a lot of money for these hedge funds.
[Asher:] So how do they make sure that this type of thing never happens again at the Bank of England, Hadas?
[Gold:] I mean, it's going to require a complete security review, and also who they are working with, these third-party suppliers, can they trust them, what are they doing? And that's why there are calls for the chief operating officer to resign. Just the fact that this could happen under somebody's watch, this could happen at such an important central bank like the ECB, that is a big question facing them right now, and that will facing the new president, whoever takes over.
[Asher:] All right, Hadas Gold live for us. Thank you so much. All right, still to come here on First Move, Senate Majority Leader, Mitch McConnell, is set to speak about impeachment. We'll have that story after the break.
[Suzanne Malveaux, Cnn White House Correspondent:] Zain, you know, yesterday you'd think it was high drama, high emotions, high stakes. Well, House Speaker, Nancy Pelosi, took it to a whole other level as well when she introduced the notion, the idea that she was going delay that she was actually going to delay those Articles of Impeachment being sent over to the Senate for the trial. Now, there's nothing in the Constitution that says she has to do it by a particular time or a method here, but once she does, that is when the Constitution kicks in and says that the Senate, the sole body will go ahead and begin this trail in earnest. Now, Pelosi says this process is unfair, and she points to the fact that already we've heard from Senate Majority, Mitch McConnell, saying that he's not an impartial juror. We've heard from Senator Lindsey Graham saying he's not going to try to be fair. And so, that is what she's putting on the table. There are other Democrats, however, who say, look, this is a good point of leverage for the Speaker. I mean, she could hold this up and decide to pass it off to the Senate like in the spring or in the middle of this 2020 campaign, that there is some wiggle room here, and what they are arguing is that Senator Chuck Schumer, who's in negotiations with McConnell, he has asked and requested more witnesses, documents, that all this be part of the trial. He's been roundly rejected. And so, they say, OK, we're going to hold off on this and let's see if we can get more of what we want out of a Senate trial by holding onto these Articles of Impeachment. So that's how we're this is what we're watching and waiting for, seeing how this all plays out. We do know Senate Majority Leader, Mitch McConnell, is very critical of what is happening now. There's another senator, Senator Cornyn from Texas, who says, you know, we don't care if we ever get the articles or if we never receive them. But that is not the general thinking here on the Hill. The thinking is that this will happen. It will take place. There will be a trial in the Senate. Very likely the president will be exonerated or at least he will not be removed from office. It's just a matter of how this happens, when, and just how fierce these negotiations will be between these two parties, Zain.
[Asher:] So Suzanne, just in terms of what's at stake for moderate Democrats, obviously there are a couple of Democrats in the House yesterday that voted against impeaching the president. What is at stake for Democrats who are in very, very red districts here?
[Malveaux:] Well, one thing that's happening and I talked to a lot of lawmakers yesterday on the House side, Democrats and Republicans alike and what they tell me is they express a great deal of frustration that they did not hear from some of the key witnesses that they had hoped to hear from in the impeachment hearings, in the process itself, that they did not receive these documents. So there are people of the mind on both sides that this would potentially give more information and clarify if you had those kinds of things playing out in the Senate trial. There is a group of moderate Republicans, Zain, that the Democrats are hoping to sway. Let's take a listen. McConnell's speaking now.
[Mitch Mcconnell , Senate Majority Leader:] in order to impeach President Trump. Over the last 12 weeks, House Democrats have conducted
[Asher:] All right, it looks as though Mitch McConnell, Senate Majority Leader, is speaking. Let's listen in. END