No, that isn't exactly what Stephen Hawking said.
What Hawking did was propose an explanation to one of the most puzzling problems in theoretical physics. How can black holes exist when they seem to break two fundamental laws of physics?1:
Last week, famed physicist Stephen Hawking made headlines with this bold statement: “there are no black holes.”
Those words come directly from Hawking’s latest paper, but they are contained within a larger point involving the mechanics of a black hole and its famous “event horizon.” (That’s the area thought to exist around a black hole from which nothing, not even light, can escape.) To be clear, Hawking was not claiming that black holes don’t exist. Astronomers have been observing black holes for decades, said Joseph Polchinski, theoretical physicist at the Kavli Institute for Theoretical Physics at the University of California, Santa Barbara.
Related: Abhas Mitra
states that Hawking reached the same conclusion as a paper Mitra published in 2000.4
Recent observation by NASA scientists of giant flares of X-rays from a black hole confirms his theory that the so-called black holes are not "true" black holes but actually ultra hot balls of fire like our Sun.2
NASA explains further:
This diagram shows how a shifting feature, called a corona, can create a flare of X-rays around a black hole. The corona (feature represented in purplish colors) gathers inward (left), becoming brighter, before shooting away from the black hole (middle and right). Astronomers don't know why the coronas shift, but they have learned that this process leads to a brightening of X-ray light that can be observed by telescopes.
In simpler terms, the classic idea of a black hole - where nothing can escape its gravitational pull - is invalid. The black hole can be seen emitting x-rays. If the classic idea of a black hole existed, then no corona nor can x-rays emit from the black hole.