i speak to greg swenson from london, he's a founding partner at merchant bank brig mccann to thank you so much for joining us . do you think the feds made the right choice this week to put up rights again, despite the term we'll see in the banks the last few weeks? definitely, i think the made the right move. i'm and fact if anything, i hope they would, they would stick to their original plan of 50 basis points, you know, coming markets and breaking down inflation or breaking inflation is difficult and it's a difficult act. but, you know, this is, this is based on, you know, years of failed said policy, you know, distortions in the, in the monetary monetary market for a generation now. and so this isn't something that's going to, to be fixed overnight. you've had this monetary mania and resulting and inflation and due to flawed, fed policy over the last 10 plus years, as well as really reckless spending over the last 3 years. and so i think that the fed has to stay the course. perhaps it was wise to to, you know, reduce the, the hike from 50 to, to 25. but i and they signaled that ther

greg, it was fascinating to talk to you greg swenson, founding partner merchant banks. brig mcadams. speaking to me that from london we could just keep talking about this one. fortunately out of town, yes. great to be here. thanks so much. i, south africa is suffering its worst ever power counts as the nation's electricity network fails to keep pace with demand. africa's most industrialized economy experienced more than twice as many power cops in 2022 than any other year. well this year homes are businesses going without electricity for up to 12 hours a day on the situation is set to get even worse electricity cars. this is estimated to call the economy as much as $50000000.00 a day. well, the south african presidency. rom, oppose that has appointed a special minister of electricity to deal with the countries. energy crisis is also announced a national state of disaster to respond to the outages and the impact south africa generates nearly 85 percent of its energy from coal. but it's aging coal fired power plants, a breaking down thousands of protesters call on the president to resi

we're nowjoined by greg swenson, who is an international investment banker and founding partner at briggadam. good to have you with us. let's pick up good to have you with us. let's pick up on that thought about rate because that progressive increase increase in interest rates has been one of the things cost for the collapse in svb. will the federal reserve be looking at this closely? i think the key word is maybe. goldman sachs came out yesterday suggesting that they would pause and not raise rates at the next meeting, but that is the only tool in the kit right now. the higher interest rates needed to reduce inflation in some ways crushed the cheap money expectations at svb as well as in other institutions and it has obviously hurt their asset values, the bond portfolios, but it doesn't change the fact that this is all caused by inflation and caused by both reckless fiscal policies in 2020 and 21 as well as really reckless monetary policy. it is really the only tool they have they have to weigh chances of more contagion. have to weigh chances of more contagion-— have to weigh chances of

we're nowjoined by greg swenson, who's an international investment banker, founding partner at briggacadam. talk to me about the perception of rate rises being not only part of the cause of this but also now the federal reserve having a rethink about what it does for the cost of borrowing given what we have seen in the banking sector. great borrowing given what we have seen in the banking sector.— the banking sector. great question. we saw speculation _ the banking sector. great question. we saw speculation in _ the banking sector. great question. we saw speculation in the - the banking sector. great question. we saw speculation in the markets| we saw speculation in the markets yesterday and there is a report from goldman suggesting they would not tighten at the meeting in a few weeks but the challenges, after the cpi print today, you have already seen the market pricing in a 25% basis increase, a likelihood of 85% probability, so i am not sure that they are going to have, i don't think they can turn around at this point, it is clear powell is dedicated to indicating that the rates w

let's speak now to greg swenson from overseas . greg, thank you from overseas.forjoining us this afternoon. what's your reaction this. great to be here, emily. not surprised. i mean, there must have i don't know if there must have i don't know if there is a leak in the department or local department or whatever, but, you know, this is just another attempt at getting to trump you know, trump syndrome is alive and well, in spite of the fact it's been over two years since he was in office . so what a lot of these days and in some especially the southern new york ran they ran their campaigns with the slogan, i'm going get trump. you know, so it doesn't surprise me that , so it doesn't surprise me that, you know, if the police car follows you long enough, you will blow a stop sign. it doesn't mean that he's perfect . doesn't mean that he's perfect. there's no doubt that, you know, some this stuff, some of this stuff, some of that, some of these cases, you know , will ultimately have an know, will ultimately have an effect of dragging him down. that's their purpose, a

chair of republicans overseas, greg swenson . thanks, stephen. swenson. thanks, stephen. thanks. act he's saying or not but the fact he then says actually, no would rather see ron desantis. it's interesting. yeah he hasn't yet declared. big thing. declared. that's the big thing. and know, him from and you know, will this him from perhaps if he thinks perhaps declaring if he thinks it's runaway now for it's a runaway success now for trump? it is fascinating. politics always , isn't it? just politics always, isn't it? just fascinating? it's slightly now go back to things over here, but not, of course, because king charles and queen camilla are wrapping up their much praised state visit to germany. well today, the monarch will be travelling from berlin to hamburg, where he'll visit for victims of allied bombings dunng victims of allied bombings during world war ii. victims of allied bombings during world war 11. okay let's touch base then with our royal reporter, camera walker. he's following the visit very closely. has it all been going, cameron it's been going pretty well, i think,

swenson, melvin morris, matthew williams, and arrol pomley. stand up. [ applause ] you're looking at courage in the flesh. and finally, gregr dad was a hero. he didn't have to win this medal for you to know that. you knew it all along, you really did, didn't you, when you were kids, you knew growing up. and like you, i wish your brother christopher was still with us to see your dad finally recognized. it is a story that didn't just begin, the vietnamese, 58 years ago. picture paris in 1956, the son of a midwestern foundry worker, starting his first year at southern university, in the heart of louisiana. college football team quickly noticed paris had the grit and the guts they needed on the team. before long, paris not only joined the team, but he's named all american. very slow learner, this guy. i tell you what, off the field paris saw constant reminders, to many he was less than an american. and that in the eyes of the law he was less than a person. signs on bars that read "whites only", seats on buses -- that were off limits for african americans, schools, streets, shops, divided by segregation. paris endured all of th