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well for more we're joined from istanbul by correspondent dorian jones so dorian the turkish foreign minister saying he is vowing retaliation against the u.s. tariffs what's likely to follow from a move like this. or tell you can do very little economically to retaliate against the united states but it can hurt washington strategically or u.s. forces working with a searing kurdish militia just across the turkish border turkey considers that militia or a terrorist organization so it could run part pressure on that militia and the u.s. forces there on top of that washington has been pushing. very hard to comply with its new iranian sanctions on current major trading partner with iran is seen as key to washington and the success of putting pressure on iran for now and they will not comply with those sanctions is very unlikely in the present environment it will change that stance. well during meanwhile the turkish financer has been trying to reassure the public but the reality is that the currency has been taking for months and the country has seen inflation at nearly sixteen percent and
well for more we're joined from istanbul by correspondent dorian jones so dorian the turkish foreign minister saying he is vowing retaliation against the u.s. tariffs what's likely to follow from a move like this. or tell you can do very little economically to retaliate against the united states but it can hurt washington strategically or u.s. forces working with a searing kurdish militia just across the turkish border turkey considers that militia or a terrorist organization so it could run...
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well for the very latest let's go to stumble our correspondent dorian jones is standing by dorian the government in turkey says it's in an economic war does this crisis have the potential to destabilize the country while i think it's already doing bad. polls in the current sea of calls absolute shock fear among the population and is raising korean concerns going forward it could ultimately become a systematic crisis on the money banking system you please have the polls continue so already the the the instability is there i mean i think the biggest concern going forward is that investors. needed to stabilize the currency all being refused to be carried out by the government the government says this is not true of any financial problems but rob or an economic war being waged by washington and you mention the economic war with washington that's a big driver of this crisis a growing rift between washington and thinker is being blamed for much of the tensions why have those relations deteriorated so much. well this is been coming for some time there's been ongoing tensions over the united
well for the very latest let's go to stumble our correspondent dorian jones is standing by dorian the government in turkey says it's in an economic war does this crisis have the potential to destabilize the country while i think it's already doing bad. polls in the current sea of calls absolute shock fear among the population and is raising korean concerns going forward it could ultimately become a systematic crisis on the money banking system you please have the polls continue so already the...
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let's go to istanbul where our correspondent dorian jones is standing by with more on the story for us hi dorian good to see you so how confident are turkish people that the measures the government is taking today will actually stop the slide. well it depends who you speak to like nearly everything in this country it is split more or less down the middle between supporters of the president and opponents if you speak to supporters they are confident they reflect the president's strong message that they believe their column is strong this is nothing to do with financial and economic weaknesses but purely a war economic war being launched by washington but if you speak to opponents there is a lot anger of what they believe has been the mismanagement of the economy in this part kerry's position but if he's been to both sides they do recognize that there will be strong financial consequences because turkey is no stranger to currency crises life is people will be aware that going forward is going to be a surge of inflation will bring recession and that will bring joblessness and a lot of pai
let's go to istanbul where our correspondent dorian jones is standing by with more on the story for us hi dorian good to see you so how confident are turkish people that the measures the government is taking today will actually stop the slide. well it depends who you speak to like nearly everything in this country it is split more or less down the middle between supporters of the president and opponents if you speak to supporters they are confident they reflect the president's strong message...
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president richard pryor the one speaking there we want to get is stamboul now our correspondent dorian jones is following this story for us good evening to you dorian promises from the turkish of central bank tonight that it will stop the lira from falling further and that means raising interest rates is there any reason tonight to believe that president erda one will finally allow that to happen. well i think that's what in the international investors are all around the world will be now looking on the central bank because that is all that they can do now to stem the collapse in the currency and international investors are talking about a major hike a minimum of five hundred basis points possibly even a thousand to stop this run on the currency because there has been a collapse in confidence over the way turkish economy and the currency is being managed but there is little indication that the central banks will do this because the turkish president has made it perfectly clear he's opposed to interest rate hikes in fact at the weekend he reiterated his opposition describing interest rates as
president richard pryor the one speaking there we want to get is stamboul now our correspondent dorian jones is following this story for us good evening to you dorian promises from the turkish of central bank tonight that it will stop the lira from falling further and that means raising interest rates is there any reason tonight to believe that president erda one will finally allow that to happen. well i think that's what in the international investors are all around the world will be now...
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let's bring in our correspondent dorian jones who is covering the story for us from istanbul hi dorian who is andrew bronson how did he become such a key figure in u.s. turkey relations. well andrew bronson is an evangelical christian for more than twenty years he's been living in turkey much of it working in a church in turkey's western city of mia now he was picked up after the failed coup attempt in twenty sixteen accused of being connected to people that blames being responsible for those who followers of the u.s. based cleric. and also accuse of supporting kurdish insurgents of the. group now washington has dismissed this they said these cases are trumped up charges as no basis for them in spite of protestations brunson have been hell for more nearly two years in jail much of it in solitary confinement washington believe he's a political hostage being used. to extract samantha now we understand in the last few weeks some sort of deal had been reached between the two presidents some unexplained reason that deal broke down and has now triggered washington to sanction these two minis
let's bring in our correspondent dorian jones who is covering the story for us from istanbul hi dorian who is andrew bronson how did he become such a key figure in u.s. turkey relations. well andrew bronson is an evangelical christian for more than twenty years he's been living in turkey much of it working in a church in turkey's western city of mia now he was picked up after the failed coup attempt in twenty sixteen accused of being connected to people that blames being responsible for those...
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and for more we can go now live to w correspondent dorian jones who has the very latest from istanbul good morning to you daryn what more can you tell us about this case. well it does seem that there has taken. by surprise he put in this petition to ask to be travel ban to be lifted because he wanted to place a three year old child in a kindergarten in germany and the court agreed and now she's allowed to leave she's thanked all her lawyers and supporters on a tweet saying that she's very happy about this move and she's looking forward to placing her child in a kindergarten in germany as soon as possible so what's behind the turkish government certainly lifting the travel ban. what it takes to govern insists this is purely judicial matter they say that you do series independent but we do see a pattern here early this month to greek soldiers were released from jail who are facing espionage charges after straying across the turkish border that was seen as a gesture to improve relations we have greece also this month we've seen the the release of the head of the turkish branch of amnesty
and for more we can go now live to w correspondent dorian jones who has the very latest from istanbul good morning to you daryn what more can you tell us about this case. well it does seem that there has taken. by surprise he put in this petition to ask to be travel ban to be lifted because he wanted to place a three year old child in a kindergarten in germany and the court agreed and now she's allowed to leave she's thanked all her lawyers and supporters on a tweet saying that she's very happy...
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correspondent dorian jones has been following the story for us good to see you the government was very quick to say that they have an action plan that there is no economic reason for this turmoil are people there buying that what's the sentiment. well the sentiment on the street is of complete shock they've seen their currency implode in the front of their eyes and it's now fear and trepidation about what the future will hold because turkey is no stranger to currency crisis it knows what the repercussions are of these and that will be massive inflation turkey relies heavily on imports i have to be paid in foreign currency and there is awareness that there's a tsunami of price rises will it turkey and with that there is the fears of rising unemployment so at the moment there is a great deal of fear of what the future will hold and despite the president's calls of people to convert their foreign savings into the lyrics of the fender currency it appears that that court is not being heeded as the currency continues still fall and we do know that the governor wants to announce this action p
correspondent dorian jones has been following the story for us good to see you the government was very quick to say that they have an action plan that there is no economic reason for this turmoil are people there buying that what's the sentiment. well the sentiment on the street is of complete shock they've seen their currency implode in the front of their eyes and it's now fear and trepidation about what the future will hold because turkey is no stranger to currency crisis it knows what the...
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our correspondent dorian jones joins me now from istanbul dorian strong words there from a president i want you friends in as a national battle against foreign enemies in sounds of turkey was and war is out of on weekends. well at the moment i think he's trying to use his to consolidate his support is a very impassioned speech where he said western countries are conspiring against turkey he accuses of being economic warfare but promised to vanquish those that are waging this war he also made appeals or again to all the people in turkey to cash in their foreign currency in gold and defend the lira he made it very much a war of independence very very strong rhetoric and put now he is peace to be trying to consolidate his position and power with what he's trying to present as another coup attempt against him. that was finance minister also introduced spoken this afternoon to introduce a new economic plan what was new there what it is say. it was a very long speech and he did try to tick all the boxes and verses wanted to hear you talked about the importance of reining in inflation you t
our correspondent dorian jones joins me now from istanbul dorian strong words there from a president i want you friends in as a national battle against foreign enemies in sounds of turkey was and war is out of on weekends. well at the moment i think he's trying to use his to consolidate his support is a very impassioned speech where he said western countries are conspiring against turkey he accuses of being economic warfare but promised to vanquish those that are waging this war he also made...
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of good coverage now of this we have team coverage in fact in istanbul dorian jones is standing by and in washington we have stefan demon's welcome to you both and dorian i'd like to begin with you because we just heard the turkish president saying that his country is in an economic war is it. well listening to the president he said this is nothing to do with financial economic reasons why the currency is on the pressure this is the result of unnamed western powers trying to remove him from power he said they tried to do this two years ago with a military coup they failed now they are trying to use the currency rate. as a new way of removing him from power and he said that this is a new war of liberation to defend the country calling on people to defend the lira by selling there are foreign currency for investors they say this is simply about financial imbalances that have to be addressed in the message from zero to one is causing panic among investors and seeing a resulting plummeting lira and with a message now from trump ramping up sanctions this will only. narrative that this is a
of good coverage now of this we have team coverage in fact in istanbul dorian jones is standing by and in washington we have stefan demon's welcome to you both and dorian i'd like to begin with you because we just heard the turkish president saying that his country is in an economic war is it. well listening to the president he said this is nothing to do with financial economic reasons why the currency is on the pressure this is the result of unnamed western powers trying to remove him from...
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more on that story let's cross over to dublin first one of dorian jones in istanbul during the how is everyday life of the average turkish family affected by now. but i think the moment the main effect is psychological because for many turks they see the health of the economy to take it by the strength of the currency obviously that is taking a pounding going forward the big fear will be inflation turkey's already experiencing double digit inflation and the fact now with these heavy devaluation of the currency that that will stoke inflationary fire in the country turkey imports nearly all of its energy energy prices are set to go up by as much as thirty percent this winter it could be a lot more also many of turkey's products are the denominated in foreign currencies war materials that is expected to have a fervor if faked into the turkish economy this winter is expected already it has been very difficult now with this route of the currency things could get a lot worse and the fear is a turkey could be experiencing uncontrollable inflation toki in the ninety's experience triple digit
more on that story let's cross over to dublin first one of dorian jones in istanbul during the how is everyday life of the average turkish family affected by now. but i think the moment the main effect is psychological because for many turks they see the health of the economy to take it by the strength of the currency obviously that is taking a pounding going forward the big fear will be inflation turkey's already experiencing double digit inflation and the fact now with these heavy devaluation...
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speech a short while ago and said turkey is under economic siege earlier i spoke to correspondent dorian jones in istanbul and asked him what else the turkish president had to say. well it was another very tough speech much of it aimed at washington he said that strategic allies should not stop their allies in the back then he went on to accuse washington for backing terrorists saying that. terrorists we can say goodbye to as a reference to the us its ongoing support of a syrian kurdish militia fighting in syria which considers its terrorists he then went on to say that lee had seen was on justified he said that the fundamentals of the circuits in iraq remained strong and he promised that they would be all that were stalled suge he did not explain how how that will be achieved by all one standard so this was quite restrained amid a very importantly he did not directly attack the u.s. president personally and earlier in the day we will be hearing from the turkish foreign minister metal go along with this and to us rhetoric from the call saying that turkey was ready to have talks with the west t
speech a short while ago and said turkey is under economic siege earlier i spoke to correspondent dorian jones in istanbul and asked him what else the turkish president had to say. well it was another very tough speech much of it aimed at washington he said that strategic allies should not stop their allies in the back then he went on to accuse washington for backing terrorists saying that. terrorists we can say goodbye to as a reference to the us its ongoing support of a syrian kurdish militia...
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products our correspondent dorian jones listened in dorian it's good to see you of course everyone is listening when adeline speech these days speaks these days what are the takeaways from the speech which struck. well as you said as a turkish president did announce measures of a point call taking us to electronic most articulate pick taylor we've had announcements to turkish national carrier turkish airlines they say that they are. accepting any ads from u.s. companies and also we heard of giving a very defiant message saying that the turkish economy is still strong the only explanation for these dramatic falls in the currency is because of this economic warfare and any went on to try and paint a picture of a future prosperity promising by the hundredth anniversary of the republican twenty twenty three the conduct action probably will have doubled in size so he's trying to present a positive optimistic message going forward but also a clear message that they see ongoing conflict with the united states will continue bantered peronist to push back. the door and we know that most econom
products our correspondent dorian jones listened in dorian it's good to see you of course everyone is listening when adeline speech these days speaks these days what are the takeaways from the speech which struck. well as you said as a turkish president did announce measures of a point call taking us to electronic most articulate pick taylor we've had announcements to turkish national carrier turkish airlines they say that they are. accepting any ads from u.s. companies and also we heard of...
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correspondent dorian jones in istanbul dorian how is every day life of the average turkish family affected by now. but i think the moment the main effect is psychological because for many turks they see the health of the economy hated by the strength of the currency obviously that is taking a pounding about going forward the big fear will be inflation is already experiencing double digit inflation and the fact now with the head. devaluation of the currency that that will stoke inflationary fires in the country turkey imports nearly all of its energy energy prices are set to go up by as much as thirty percent this winter it could be a lot more also many of turkey's products are the denominated in foreign currencies all materials that is expected to have a further if a fake into the turkish economy this winter is expected already it has been very difficult now with this out of the currency things could get a lot worse and the fear is that turkey could be experiencing uncontrollable inflation toki in the ninety's experience triple digit inflation those memories are still there for many older
correspondent dorian jones in istanbul dorian how is every day life of the average turkish family affected by now. but i think the moment the main effect is psychological because for many turks they see the health of the economy hated by the strength of the currency obviously that is taking a pounding about going forward the big fear will be inflation is already experiencing double digit inflation and the fact now with the head. devaluation of the currency that that will stoke inflationary...
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and we want to get is stamboul now our correspondent dorian jones is following this story for us good evening to you dorian promises from the turkish of central bank tonight that it will stop the lira from falling further that means raising interest rates is there any reason tonight to believe that president airtel one will finally allow that to happen. well i think that's what in the international investors are all around the world will be now looking on the central bank because that is all that they can do now to stem the collapse in the currency and international investors are talking about a major hike a minimum of five hundred basis points possibly even a thousand to stop the run on the currency because there has been a collapse in confidence over the way turkish economy and the currency is being managed but there is little indication that the central banks will do this because the turkish president has made it perfectly clear he's opposed the interest rate hike in fact at the weekend he reiterated his opposition to scribing interest rate as a tool of oppression so there is littl
and we want to get is stamboul now our correspondent dorian jones is following this story for us good evening to you dorian promises from the turkish of central bank tonight that it will stop the lira from falling further that means raising interest rates is there any reason tonight to believe that president airtel one will finally allow that to happen. well i think that's what in the international investors are all around the world will be now looking on the central bank because that is all...
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let's find out more about the story now with dorian jones who joins us from istanbul dorian we just heard there are some very disturbing fears from top and his family that he could be snatched up even in belgium where he's living by turkish security agents is that a possibility. well i think the serving has good reason to be concerned it does appear to be this systematic international campaign to bring back . a little girl and back to turkey for justice that is how present since they say that followers of glendora a terrorist organization that has a vast network over seas and it was responsible for the failed coup in twenty sixteen which over two hundred fifty people died in and in fact they are parallels with the al qaida network pointing out the united states use rendition to bring people back to the to justice as the u.s. would call it and they say the situation is little different they say that they are working with authorities in many cases to bring people back but there have certainly been cases in kosovo where six people were spirited away back to turkey also in ukraine as a bodygu
let's find out more about the story now with dorian jones who joins us from istanbul dorian we just heard there are some very disturbing fears from top and his family that he could be snatched up even in belgium where he's living by turkish security agents is that a possibility. well i think the serving has good reason to be concerned it does appear to be this systematic international campaign to bring back . a little girl and back to turkey for justice that is how present since they say that...
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brent: you to get to istanbul, where our correspondent dorian jones is following the story for us. promises from turkey tonight that it will stop the lira from falling further. that means raising interest rates. is there any reason to believe that president erdogan will finally allow that to happen? dorian: well, i think that is what international investors will be looking at the central bank, because that is all they can do too stem this collapse in the currency, and international investors are talking about a major hike, a minimimum of 500 babasis points, possisibly 1000o stop the r run on the currency, bebecause therere has been a cocollapsing confidence over the way the tkish economy and the currrrency has been managed. there is no indication that the centntral bank will do this. the tuturkish presidenent made r good clear -- made it perfectly clear he is opposed to intererest-right hikikes. he described interest rates as a tool of oppression. there is no indication that the central bank will go against the president. until the central bank establishes its independence, there i
brent: you to get to istanbul, where our correspondent dorian jones is following the story for us. promises from turkey tonight that it will stop the lira from falling further. that means raising interest rates. is there any reason to believe that president erdogan will finally allow that to happen? dorian: well, i think that is what international investors will be looking at the central bank, because that is all they can do too stem this collapse in the currency, and international investors...
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turkey correspondent dorian jones who joins us from istanbul and for the market side of things our financial correspondent conor who is in from frankfurt dorian let's start with you on average turkish families already feeling the pinch. well i think they've already suffering the effects of double digit inflation before this latest rout in the current see those inflationary pressures now on that we will be further stoked. all of it in the oil and gas. a big green creases in fuel prices transportation costs and also much of turkey for materials are denominated in foreign currency so there is a major surge in inflation expected that will hit the pockets hard of many turks i'm going for there's already concerns about the ability of possibly importing some products there's rumors and reports that certain medicines are already being difficult to find because they've been imported so going forward there is a lot of concerns that that if this currency route continues it will be felt very hard by turkish people. on the ground kind of european markets are down across the board because of that drop of
turkey correspondent dorian jones who joins us from istanbul and for the market side of things our financial correspondent conor who is in from frankfurt dorian let's start with you on average turkish families already feeling the pinch. well i think they've already suffering the effects of double digit inflation before this latest rout in the current see those inflationary pressures now on that we will be further stoked. all of it in the oil and gas. a big green creases in fuel prices...
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road will be still there whatever economic and financial measures they take our correspondent dorian jones on the story for us tonight from istanbul as always thank you for and we'll have more on the turkey's currency crisis with kristoff a little bit later on in the show in our business section. somali now where presidential challengers who say has said that he will reject the results of a runoff held on sunday alleging cheating he's asking the people to rise up against what he calls the dictatorship of fraud no votes are currently be counted in the country's presidential runoff after a tense election that was marred by violence the incumbent ibrahim hooper car coming to is widely expected to win the vote the result is due later this week. string checks at polling stations security measures were once again stepped up for molly's presidential election runoff voters chose between the incumbent president evil him. and opposition leader. seventy three year old kay to said he was confident of victory after topping the poll in the first round of voting. but many in the country were unhappy with
road will be still there whatever economic and financial measures they take our correspondent dorian jones on the story for us tonight from istanbul as always thank you for and we'll have more on the turkey's currency crisis with kristoff a little bit later on in the show in our business section. somali now where presidential challengers who say has said that he will reject the results of a runoff held on sunday alleging cheating he's asking the people to rise up against what he calls the...
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even the future of turkey's nato partnership dorian thank you so much for bringing us up to date dorian jones there in istanbul. a white supremacist rally in washington d.c. fizzled out on sunday after only a handful of neo nazis showed up the supremacy ists were massively outnumbered by hundreds of counter protesters the rally was held on the first anniversary of a demonstration in charlottesville virginia where one woman was killed. i think hundreds of people marching through washington to condemn racial hatred hereafter a white supremacist rally in charlottesville ten deadly these counter-demonstrators far outnumber the white nationalist protest which is also being how the new u.s. capital yes it's vital that. we don't allow white supremacist and open fascists to take the street uncontested i don't want nazis and white supremacists to speak for me i thought it was important to come out so that there's other voices to counteract them this empowerment of people who think that their congress and conference suit was easy because rights is way out of line and because of a skin tone isn't it dig
even the future of turkey's nato partnership dorian thank you so much for bringing us up to date dorian jones there in istanbul. a white supremacist rally in washington d.c. fizzled out on sunday after only a handful of neo nazis showed up the supremacy ists were massively outnumbered by hundreds of counter protesters the rally was held on the first anniversary of a demonstration in charlottesville virginia where one woman was killed. i think hundreds of people marching through washington to...
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country or press freedom is of course an international concern did abuse turkey correspondent dorian jones is in istanbul the e.u. has questioned turkey's democratic credentials after its president crackdown on the press. international human rights groups and media watchdogs regularly cite turkey as the world's worst jailer of journalists currently thousands of reporters are behind bars imperative to tame down to the country's wide ranging antiterrorism roles most of the tensions occurred under emergency rule introduced also twenty sixteen failed military coup president might have type one insists the conspirators still pose a threat to the country more than one hundred newspapers radio and t.v. stations have been seething closed under emergency powers to spot the lifting of emergency rule prosecution of reporters continue many for the offense of insulting the president today with a couple of exceptions or the mainstream newspapers and t.v. stations around the direct role in direct control of the government often using the same headlines and it's not just turkey russia is also a country wh
country or press freedom is of course an international concern did abuse turkey correspondent dorian jones is in istanbul the e.u. has questioned turkey's democratic credentials after its president crackdown on the press. international human rights groups and media watchdogs regularly cite turkey as the world's worst jailer of journalists currently thousands of reporters are behind bars imperative to tame down to the country's wide ranging antiterrorism roles most of the tensions occurred under...
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or for the latest now as cross over to our correspondent there in jones in istanbul dorian who is andrew bronson and how does he end up at the center of a major diplomatic dispute between the u.s. in turkey. well andrew bronson is an evangelical christian he spent more than twenty years in turkey much of that time running a church in turkey's western city of ease media now he was arrested after the twenty sixteen failed coup attempt in turkey one of tens of thousands and is being accused of being a supporter of the islamic cleric centrally goodwin who lives in self-imposed exile in the united states he and his followers are blamed for the failed takeover and also bronson's accuse of supporting kurdish insurgents k.k. now washington has dismissed this whole case they say this is a baseless charges and have accused her of political hostage taking if using younker of trying to use their bridge to resolve a number of very deep between washington and cross that have really poisoned relations and we understand in the last few weeks there was some kind of deal between the turkish and u.s. presi
or for the latest now as cross over to our correspondent there in jones in istanbul dorian who is andrew bronson and how does he end up at the center of a major diplomatic dispute between the u.s. in turkey. well andrew bronson is an evangelical christian he spent more than twenty years in turkey much of that time running a church in turkey's western city of ease media now he was arrested after the twenty sixteen failed coup attempt in turkey one of tens of thousands and is being accused of...
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all right let's get the view now from turkey correspondent doreen jones reporting for us in istanbul dorian turkey's foreign minister has said further pressure will only hurt bilateral ties he's vowed retaliation but how much worse can relations get while the potential is to get a lot worse currently u.s. forces are working with a syrian kurdish militia just across turkey's border turkey considers that militia a terrorist organization and if they so wish they could put a lot of pressure on those u.s. forces and the kurdish militia they're working with that would ratchet up tensions further on top of that washington is looking for ankara to enforce its new sanctions against iran and cry out for a few so do so given the current climate is unlikely to change that stance that again puts the two nato allies on a collision course potentially is for a lot more difficult times ahead. turkish currency tanking for months now but investors seemed really concerned now inflation as it nearly sixteen percent the central bank is. rated response what choice is just air to want to have going forward to mana
all right let's get the view now from turkey correspondent doreen jones reporting for us in istanbul dorian turkey's foreign minister has said further pressure will only hurt bilateral ties he's vowed retaliation but how much worse can relations get while the potential is to get a lot worse currently u.s. forces are working with a syrian kurdish militia just across turkey's border turkey considers that militia a terrorist organization and if they so wish they could put a lot of pressure on...