investment bank of course housing has been heavily dominated by government institutions and the number of states that have development banks and the left wing democrats are working also on and on and a national investment bank but what about the visit fight between the the say the bank of england and this national development it would be five it would be working together i mean labor. has developed a framework where they would collaborate and indeed they want to change the the mandate of the bank of england so it focuses not just. but on things like productivity or growth work early we're good at say already concentrated but his mandate is mainly inflation menu station. but he now it would have much more real economy mandate and it would try and direct also the credit from private banks a bit more towards the real economy because one of the speakers in the launch of this book yes. made the point that only ten percent ten percent of total bank lending in the u.k. today goes to corporate lending most of it goes to basically speculative activities within the financial sector or to mortgage lending so you know and that is a moment merely to rich people you know making of things you know making o

park but this meant the landscape became increasingly barren with the world bank funds the national park managers have invested in a breed of sheep that suited to the desert conditions. they have brought in a kind of sheep can survive in this environment. and they gave us what we need to grieve the sheep. for not tomorrow she don't need a big field. and. they can stay in the same place. other than that they don't move very much they will behave and they have that the law in the blues no one's life has returned to do mame yeah yeah we take photographs to document its progress the national park is a place where animal populations are nurtured and studied that closes our show today we hope you like that join us next week for new ip sort of eco africa that's all for mean military we're in lagos nigeria by. and also here in johannesburg it's time to go but we can stay in touch follow us on social media please check out our website and out twitter accounts thank you for watching and we'll see you next week now back. to. new york that takes to maintain. control. taste and entertain charming regional. in show simply i

land owned by any one individual in the united states maxwell founded the first national bank of santa fe new mexico and invested two hundred fifty thousand dollars to build the texas pacific railroad dynamic charitable lavish one of the great builders of the american west sentence one of the great builders of the american west. i love it long enough to pay tribute to my ancestors. and i'm thinking of stacy i should be buried in this graveyard someday oh my other a relative saying to be here a lot of maxwells a few macs and believe the kid timothy maxwell kaiser i could get up by going to talk to the new mexico authorities about this so he helped build the texas pacific railroad your other ancestor hugh maxwell in pennsylvania actually built the first turnpike through pennsylvania so that whole maxwell that maxwell part of you is an american entrepreneurial spirit your builders yeah i like that well we're going to take it into the twenty first century and i'm very excited very moving to meet all this and be part of this get it right i'm crying inside. yeah we've got a lot of work to do still you know this trip h

doing business reports the world bank ranks nigeria one hundred and seventy three out of one hundred and eighty nine nations and that is also having an impact on investment activity which has faltered in the past three years. nigeria is an attractive market for foreign investors the anglophone country has a population of more than one hundred ninety million and the largest share of internet users in africa in twenty sixteen more than one hundred million dollars in venture capital flowed into africa's biggest economy much of it to young i.t. entrepreneurs but there are stumbling blocks many investors are scared off by the security situation massive red tape and the ever present corruption by those who look at where because we used to call it wonderful war on drugs budget complains to them where corruption of the big issue is is a huge one doubts. the police even when you do want to give them money like the bus drivers to do it as the business is a rife president mohamed to hari was elected in twenty fifteen on vows to combat graft a number of politicians and officials have been arrested by the country's anti graft agency but business experts still think c

doing business reports the world bank ranks nigeria one hundred and seven teeth out of one hundred and eighty nine nations and that is also having an impact on investment activity which has faltered in the past three years. nigeria is an attractive market for foreign investors the anglophone country has a population of more than one hundred ninety million and the largest share of internet users in africa.

bank. he is an outspoken critic of multi-national institutions and has a long called for the overhaul of the world bank. he previously was the chief economist at the now defunct investment bank bear stearns from 1993 until the bank's collapse in 2008. the process for selecting the next world bank president was led by the president's daughter ivanka and steve mnuchkin and mick mulvaney in the decision-making process. >> let's get a check of your weather with meteorologist bill karins. >> we have a really split country. an ice storm and snow we'll deal with in the midwest. east coast is shorts and t-shirt weather. 73 in richmond. that's incredible for this time of year. let's talk about the troublesome travel weather. we just had an ice storm wang issued for chicago. that's obviously going to cause some problems. tonight and then through this time tomorrow morning. so if you have travel plans in and out of chicago late this evening or early tomorrow morning there will be some delays. advisori winter weather advisories. in the pink that's where ice storm warnings are issued. there's a potential for power outages. here's the ice forecast from one of our computer models. onc

national infrastructure bank, is promising. and not to be taken seriously. i think we need to mount a major investment, much as we have had at other key moments in history, to take our infrastructure to another level. our competitors on the world stage are way ahead of us on this. let's take trains. it does not have to be the only way we get around. but imagine what it would mean for the midwest if places like des moines and chicago in south bend and louisville and cincinnati and detroit were networked by a much more robust high-speed rail. are not even asking price become what would be considered regular speed in many parts of the world. we can aspire to have a japanese level later. but if we just had an italian or english level we would be better. that would unlock potential. i hope we can move that direction. we need support to make those investments. we have time for one last question. i see a hand up. >> along with what we've been talking about, it seems like it is been impossible to get legislation [ inaudible question ] do you think that can be changed? >> i think it needs to be on the table. i

don't have a banking account >> reporter: tuesday the fed chairman jerome powell made a trip to the delta. attending a conference with investment bankers and community activists to shine a nationaltlight on the problem of the unbanked >> cease to safe and affordable financial services is vital, especially among families with limited wealth >> reporter: the financial counseling provided by hope means she should be out of bankruptcy by november >> once i get out of bankruptcy, i know that it may not be the fattest account, but i'm looking to have enough money in hope me and my girls will still make it >> reporter: kelly, losses on these loans are not a lot different from regular commercial banks they're just a lot more labor intensive to underwrite. so they use things like cable bills and utilities to establish credit history for the borrowers. >> i'm wondering, there's news separately that google is going to unveil maybe a much lower cost smartphone. what is it like down there for smartphone access, for home broadband even my point being if more banking is done on your phone going forward, could that help these traditionally unbanked and underbanked areas get more access to those

national people's conference. you've got other aspects as well. liquidity is starting to come into the system. we saw that in january. investment banksey think growth has bottomed out in the fourth quarter and that things are going to stabilize. others saying that if you get a deal that is consequential, that starts to open up the sectors here. can prove supportive for the economy as well. there are still lots of caveats, but it does relieve some pressure. in terms of the markets, a bit of a correction in terms of chinese markets. in terms of etf inflows, you've seen a tick up of about $1 billion. there is enthusiasm at the moment. some of that is focused on the fed, but also around this agreement or close to agreement around the yuan stability. all those things feeding into this enthusiasm. time, good stuff. let's bring in brett mcgurk level, chairman and ceo of capital, saying the end of the trade war is a catalyst for a rally. we've got a rally. you've never called it a trade war. that thereisagree have been tariffs imposed. sure, there are tariffs in place. the fear was the next leg. now it has been pushed out. i thought that thi

invest in european banks is contractual payments. in the sense that they are deeply subordinated. socgen is a good example. profitability is pretty hard to generate. solvency for the national is very wrong. -- strong. that is a very attractive way of going. you only have to look. you have to look at deutsche bank shares. compounding nicely. over multiple years. all know it deutsche bank stock has done. matt: on that note, did the santander decision not to pull the trigger control you -- concern you? >> we left it to the last minute. you are not guaranteed to be called. you don't get days attractive , you get them for deep subordination and structure. exactly what they did thinking on their shareholder rather than the baumholder. cheap, but the great thing is they are contractual. unless the bank is going bust virtually. attentionbring your to a chart that is going on here. i don't even have a segway for this. it is another industry group i want to ask you about. we can see the metals and yellow, the miners in white. this is year to date normalized returns. the reason hillary put this chart together is the mliv blog is asking a question about the two. which has more room to

national average $2.27. that is down a fraction from yesterday. then there's this. japan's bank is investingased startup that is. it's called near row. this company makes driverless vehicles to deliver groceries and other items. muro's cars are for in town deliveries. cosco selling a five tier wedding cake made entirely of gourmet cheese from all around the world. it costs $440, 150 guess if you like cheese. that's for you. if you're looking to buy a third home and you don't know what ago, we can help. up next, we will tell you the best city in the country for the first time homebuyers. ♪ stuart: why is the dow up whatever 300 points? point number one idea which might aboard a government shutdown. number two we've got the jolts report, a record number of job openings available job 7.3 million. number three, gallup says 69% of the people think that their personal finances going to be better a year from now. three block buster stories, the dow was up 310. before the break, remember we asked you to get us a top city for first-time homebuyers and lending tree says that pittsburgh. the study look

invest in startup companies like in cybersecurity, that correct? >> right. we created a national hub for cybersecurity in israel and in jerusalem, and now because of the nature of what's going on around the world, banksmpanies, finance, media companies, health care, everything needs protection. new york is the business center of the world, and now together with israel, if it wants to give the west coast a run for its money, it needs to become the cybersecurity hub of the world as well, together with columbia university, cornell, nyu and cuny. we are creating a big hub downtown and would love young people to be involved. stuart: you got a building? >> we've got a building on broadway -- stuart: it is a hub. >> yes. yes. stuart: the hub is there. >> it's the first step. a lot of israeli companies, lot of west coast companies, lot of european companies are coming here because that's where you need to solve the big business problems. if you are going to put your personal identity on biometrics on the web, you want to know that you are protected because the threats this year were about $600 billion around the world. stuart: and you are putting money into startup companies in new york city. that's what you