Hello and welcome to World Business Report from the BBC World Service.
I am Bissi Adibayo and on this edition we're in Washington where President Trump wants Federal Reserve Governor Lisa Cook removed after fraud allegations tied to her housing records was just pushing back saying she won't step down.
Also Generation Z born in the late 90s through the 2010s are moving from TikTok to trading apps as retail investing takes off.
And on our Africa series today we shine a spotlight on South Africa's basketball and film industry and its global ambitions.
Well, let's begin, by the way,
with US President Donald Trump's call for Federal Reserve Governor Lisa Cook to be removed following fraud allegations tied to her housing records.
Cook, who voted with Fed Chair Jerome Powell to keep interest rates on hold after July meeting,
has rejected the accusations and says she will not step down.
Our correspondent Erin Delmore joins us now from New York.
Erin,
tell us what more do we know about the allegations against Lisa Cook and the basis for the president's call to remove her?
Hey there.
Well, a lot of focus today here in the US is on how unusual territory we are in at this moment.
Normally, what we would see is an indictment,
and that would have all the facts around what someone is being charged with,
with the information that leads to that charge.
This is surrounding allegations of mortgage fraud.
But in this instance, Lisa Cook has not been indicted.
And so the president is alleging that mortgage fraud has taken place and going so far
as to say on his social media account that he is firing her.