The World This Hour - The World This Hour for 2025/04/04 at 14:00 EDT

Episode Date: April 4, 2025

The World This Hour for 2025/04/04 at 14:00 EDT

When Eric and Lyle Menendez murdered their parents in 1989, most people assumed they did it for the money. But over the course of their trials, the Menendez brothers told a very different story. Now, after spending most of their lives behind bars, new developments in the case could lead to the brothers getting out. This week on Crime Story, I speak with Robert Rand, the journalist who's covered this story longer than anyone else. Find Crime Story wherever you get your podcasts. From CBC News, the world this hour.

I'm Julianne Hazelwood. It's a second day of huge drops on financial markets around the world. American markets are plunging even further than yesterday after China announced new counter-terrorists against the United States. Anis Hadari reports. The market's reaction is delivering a verdict and we should take that seriously.

According to Brendan Lacerda, global investors do not like what they see right now. He's a senior economist with Moody's Analytics. So this is sort of a new stage of the tariff war with China being very forceful in their response. Markets around the world started the day with big drops. Today, responding to Chinese counter tariffs on anything imported from the US. The New York Stock Exchange down.

NASDAQ, Toronto Stock Exchange down. Some of these losses, the biggest since 2020. And it's not just market investors facing financial problems. US Federal Reserve Chair Jerome Powell. It is now becoming clear that tariff increases will be significantly larger than expected. And the same is likely to be true of the economic effects, which will include higher inflation and slower growth.

As for how much inflation, how much of a slowdown, and how long it lasts, Powell says, unclear. And he's hit RECBC News, Calgary. Canada's job market took a major hit last month. Statistics Canada says the economy lost 33,000 jobs in March. It's the biggest one-month drop since the worst of the COVID pandemic three years ago. And it pushes the unemployment rate up to 6.7%. Most of the losses were in the wholesale and retail sectors, with Ontario and Alberta being hit hardest.

Federal party leaders are campaigning in Quebec today. Conservative leader Pierre Paulyev says if elected, he would toughen the laws around intimate partner violence. He is promising to create a new criminal offence for domestic violence that would include longer sentences. And the NDP leader took a swipe at his liberal opponent in the investment company he used to work for. Jagmeet Singh accuses Mark Carney of taking the Liberal Party away from progressive values. Janice McGregor has more.

If you can make a profit in Canada, you should pay your taxes in Canada. Jagmeet Singh reminding Canadians that Mark Carney's former company registers its investment funds in offshore tax havens. While he was there, they avoided paying over $5.3 billion in taxes. $5.3 billion. What does that mean? Well, that's 50,000 nurses that could have been hired. The Liberal leader defended this practice as a way to avoid the double taxation of investments Canadians count on for their retirements. The structure is organized so that Canadian pension funds can get the most benefit for

those pensioners, which are teachers, first responders, and public servants. But Singh doesn't buy it. This is Mark Carney, BankerSpeak. And the NDP is banking on voters and working class writings like LaSalle et Mardin not buying it either. Janice McGregor, CBC News, Montreal. Mark Carney is also in Montreal, promising to increase and stabilize the funding of CBC Radio Canada. We will modernize the mandate of our public broadcaster.

We will give it the resources it needs to fulfill its renewed mission and ensure that its future is guided by all Canadians and not subject to the whims of a small group of people led by ideology. Carney says a Liberal government will give the public broadcaster an immediate $150 million funding boost and he will ensure long-term stable funding by enshrining it in law. Carney also says a Liberal government will develop a new governance plan for CBC Radio Canada to improve and streamline accountability. U.S. President Donald Trump has approved an emergency declaration for Kentucky hit by deadly rainstorms.

A heavy truck skids through a flooded intersection in Casey County. A severe weather system has killed seven people across several states, including a child in Kentucky washed away by floodwaters. At least 30 tornadoes have spawned and more are expected. What authorities call historic levels of rainfall have also triggered evacuations in Oregon. Officials warn downpours will continue till the weekend. And that's your World This Hour. For CBC News, I'm Julianne Hazelwood.