i think you can see what's happening to our national bank and the economy. this is the bottom. no. but it's hopeless, hopeless virginia, polish investors made the plunge long ago, increasingly relying on foreign currencies, such as the pound, the dollar, and the euro. that is little can i would owe equal, are fleeing our currency with their savings channel. we even recommend it all the time. if someone is looking for stabilization than invest in euros or other currency that the prices and fluctuations prevailing in poland right now are very destabilizing, especially for businesses. why should left chamblee affect trade with other e u countries is particularly important for polish companies. the most important trading partner is germany. a common currency would also help there. though many polls are in favor of the euro, the fear of price increases remains did not because at that the incomes would rise slowly after the introduction, but prices would rise immediately, has no wonder people are afraid. it seems that poland won't be adopting the euro. any time soon, not only due to e u

i think you can see what's happening to our national bank and the economy. this is the bottom, and now it's hopeless. hopeless. the luxury, the polish investors made the plunge long ago, increasingly relying on foreign currencies, such as the pound, the dollar, and the euro. that is lot of can, i would allow people are fleeing our currency with their savings. can we even recommend it? let's um, if someone is looking for stabilization than invest in euros or other currency that the prices and fluctuations prevailing in poland right now are very destabilizing compare specially for businesses. that's it for me and the dw business team, thanks for watching. ah, try and repeat after me, learned fair will again, you're gonna read sherwin williams. google gosh, i it will swing gate, go gather acquit him, throw pools. i'm to see leo coco bowl. that is the longest name of any place in europe, and it's wells. and we should definitely try to pronounce at least one moment. on d w. we've got some hot tips for your bucket list. ah, magic corner chat. hot spot for food and

email has revealed a 100 danny staff who are invited to had things you get together during the 1st national bank also. they sat, ah, protested a sprite in germany during another round of demonstrations against strict good measures and destroy it, still playing with the idea of deporting the unvaccinated kennings. i'm the one that talk of it and i are looking at alleged post travel claims with his friends though getting back on with .

new quarters featuring a diverse set of trailblazing american women are now rolling out to the nation's banks. starting with poet maya angelou. other honorees include astronaut sally ride, cherokee nation cheech chief wilma man killer, suffrage it leader nino tara warren, and anna may wong. this is the first set in a multi-year series honoring women's contributions in areas like civil rights, government, science, and of course the arts. >>> a live look at the u.s. capitol, where the house paused today to honor nfl legend john madden. there was a special order our for the hall of fame coach and commentator. he coached the oakland raiders for 10 seasons, leading to a super bowl victory in 1977. he died last month at his home in pleasanton at the age of 85. >> john madden was simultaneously a larger-than- life hall of fame coach and broadcaster, but also someone you could hang out with and have a cold miller light at the outback steakhouse in dublin after his grandson's football game, bump into at ace hardware on a saturday afternoon, looking at power tools, or join for ham and eggs after mass o

he didn't want to have national banking laws.ry would be like today if he we did not have national banking laws. and that's what john c. call heene was -- calhoun was arguing against. so i want us to grow up. i want us to look at this and say, come on, this is a new day. these are different circumstances. bret: yeah -- >> the filibuster has been changed time and time again. back when they were filibustering, when strom thursday thurmond set the record in 1957, he had to stand on the floor. bret: that's right. the u.s -- [inaudible conversations] the u.s. technically, obviously, is a constitutional federal republic. democrats last time they were in the minority, just the last time, used the filibuster the -- 270 times, and one of them was to block a police reform bill put forward by a black republican senator, tim scott, from your state. >> well, you know, you can call it justice act, you can call it anything you want to call it. now, i don't know exactly what was contained in that law, but when you filibuster in order to get time

just what this country would be like today if we doubt have national banking laws.lhoun was arguing against. so i want us to grow up, i want us to look at this and say come on, this is a new day. these are different circumstances. so the filibuster has been changed time and time again. back when they were filibustering, strom thurmond set the record in 1957, he had to stand on the floor. you can sit down town in a spot. that's the thing with the filibuster law. >> bret: the u.s. technically obviously is a constitutional federal republic. democrats last time were in the minority. just the last time, used the filibuster 270 times and one of them was to block the justice act, the police reform bill put forward by a black republican senator, tim scott, from your state. >> congressman clyburn: you know, you can call it justice act as you can call what you want to call. i don't know exactly what was contained in that law but when you filibuster in order to get time so the people can bring people around your point of view, that's one thing, but that is still a policy. that

welcome john as president and as the executive vice president of strategic initiatives of the national bank in washington, d.c. >> in the community reinvestment friend based in my hometown of minneapolis minnesota, welcome. and also the executive director of the community fund in south dakota, t welcome. welcome to all of you for your willingness to speak with us today and before you begin your opening statements, i have a few reminders. once you start speaking there will be a slight delay before you are displayed on the screen and to limited background noise press the mute button until it is time to speak or ask questions. you should all have one box on the screen that will show how much time you have remaining. for witnesses you have five minutes for your opening statements and your written statements will be made a part ofow the record. for all senators, the five-minute clock a place for your questions. when you have about 30 seconds remaining for your questions or statements you will hear a bell rang to remind you that your time is almost expired. and if there's any technology issue, we

league email has revealed a 100 danny st staff who are invited to get together during the 1st national bank. also this out. oh, a sprite in germany during another round of demonstrations. again, strict new measures, they're underst riley is still playing with the idea of deporting the unvaccinated tennis number one. i bakovich and i are looking at alleged post travel claims with his friends though, getting back on with good afternoon, just going 5 in moscow. you're watching out the international now yet more party pressure for the british prime minister boris johnson. but once again, it's social. not political. allie. d mail has revealed another locked and gathering, involving the leader and his wife. it's claimed a 100 dining street staff were invited for a boozy get together in 2020 hi all. after what has been an incredibly busy period, it would be nice to make the most lovely weather and have some socially distance drinks and the number 10 garden this evening. please join us from 6 p. m, and bring your own booze. well, it seems as though all the prime minister was doing during this pande

classic songs initially successful b t a bank landed invitation from catholic authorities with the bank nationalized by the government. he fled to the g. u. k. fearing for the safety of his family and was granted asylum. but things was so simple. b t, a bank had been subject to one of the world's biggest froze of the time with over $5000000000.00 embezzled and obliged off accused of being the mastermind to move the decades behind bars. it. i've sent in both calixto on russia for fraud and later murder. he was in hot water with authorities in the wes, with lawsuits against him in multiple states, a prison sentence, and multiple arrest warrants were eventually issued as u. k, a solemn status revoked, he fled to france where he was obtained by authorities. at one point, it seemed all over for a blast off with a friend cord approving his extradition to russia or ukraine, but subject to an intense campaign by human rights organizations. the process was stopped and it was granted asylum. once again, a plaza has made no secret of his desire for regime change in coverage on with himself in government, and c

the swiss national bank had to deal with the falling ruble.hings can play out in really unpredictable ways when things like this happen. lisa: that is where my mind went, clients thinking about removing funds from russia to get ahead of potential sanctions. jonathan: sarah house will be joining us. futures jonathan: the end of the pandemic, the end of excess earnings. we are down .8% and then 10% from the previous highs. speaking of ugly and the end of excess returns, these two names. it has been brutal for peloton, down more than 20% in premarket. for netflix, a $200 billion plus company, down more than 20% in the premarket. looking at a 6 million plus projection, the forward look from the company about one third of that. not very good. this has nothing to do with the bond market because yesterday yields were lower six basis points and this morning to basis points -- this morning does cobe basis points. -- two basis points. tom: i am watching the vanilla spread. it comes in 78 basis points and that is a flatter yield curve. maria: -- lisa: th

for the swiss national bank, get a 75 basis points. they can't do anything about this.talk to courtesy strategist -- the currency strategists, it seems like it is really more economic momentum, and given the fact that you've got this dual threat of the pandemic, but also the russian potential invasion, it is concerning. tom: i misspoke, ruble has just gone to new intraday weakness. we are at 79.48. jonathan: if you take that chart back to 2015, you will see the spike through $80. very difficult to stay above those levels in recent history. tom: that is what we are going to do here, including on the open. we will continue this discussion. jonathan: david riley will continue the discussion as well, of bluebay asset management. your equity market down 0.5% on the s&p, the nasdaq down another 0.8%. loss after loss through last week, and losses again this morning. on radio, on tv worldwide, this is bloomberg. ♪ >> the market is near oversold territory. >> even as we are in a pandemic, we are still seeing an extraordinarily strong picture. >> i think multiples matter a lot. b

and also let me tell you that because i start is a relatively reach nation, mostly banks to the national resources, some things to that industrial base that had been created. so the reasons i think were political because certain class, southern forces inside the country felt themselves under represented. and obviously very quickly the products which were peaceful in the beginning, but hijacked by the forces, which was the political power in the country. the protest do look coordinated, you know, when you go after a tv station, you go after a report that's out of the playbook, isn't it? of the revolution, but there is no obvious leader, can an uprising achieve anything without a clear sense of direction? no, it couldn't. you do need to lead? i think it's quite interesting covers is about to protest against the fuel cap and these moves that we do see as you said, possibly revolution taking of the television station, the airport burning down certainly government buildings and certainly as he said, the degree of violence, this is more than just as simple protest against a government or again

russia central bank proposed banning the youth and mining of crypto currencies on russian territory. citing threats to financial stability, citizens well being and the sovereignty of the nation's monetary policy. russia, central bank has the same concerns about crypto currencies as nearly every other central bank around the world. that crypto could undermine their control of financially and monetary systems though, of course, that is the original purpose crypto currency. in addition, the central bank called out the usual concerns about money laundering and potential harm to investor. so let's take a look into the deeper and joining us how to do so is boom by co. busy crypto analysts, chris, the i now chris the, because nearly every other central bank has made this declaration about crypto currency from asia to the united states. does the stance mean much it? and i mean, you know, if the central bank says something, do they have to basically get everybody else on board? i mean, not at all. look, this news basically did even register for bitcoin. maybe because they coin is now so used to this news anyway, every single day we have a new bad every day. another regulator thinks tha

one of the leading national banks we're very fortunate, we're able to work directly with our individualking for opportunities on days like today and certainly last week where we have seen a drop in the market, to put cash to work that our clients have on their balance sheets. liz: yeah. jill putting cash to work he specially things are a little bit super. [closing bell rings] nasdaq up 1points. not often you get to see a swing like that after having been down 405 points that will do it for us. ♪ larry: hello, everyone, welcome to "kudlow." i'm larry kudlow. so i'm extremely worried this evening over a 1% drop in the tech-heavy nasdaq index. why this sudden concern? because it may do great damage to nancy pelosi's almost perfect investment track record. you may have read that one website has already nominated her as the 2021 wall street trader of the year. in fact reading

sofi is surging after the mobile financial services company won regulatory approval to become a national bank. it's jumping 16.8% right now. here is how this is going to work. sofi will acquire california community lender golden pacific bancorp, and then operate its subsidiary as sofi bank. flip it over to sony shares, punished by something it basically had nothing to do with shares got crushed overnight down about 11% and you can see right now, here in the u.s. down about 3.8%, after xbox maker microsoft announced yesterday the deal to buy video game maker activision blizzard for 68.7 billion. analysts say the acquisition increases competitive pressure on sony's playstation operation and on sony to strike a similar deal. now microsoft is up 1 point p 7% , activision blizzard is slightly higher and game creators are already getting analyst attention, french maker ubisoft is up 3.7%, jpmorgan and ubs mentioned ubisoft as a valuable player while atlantic equities hiked ea to overweight, and madden and apex legends game is attractive as a standalone company ea moving higher by 2.7% and by the wa

so we also need to get the afghan banks a national bank up and running because as it is now, there's simply too little money in circulation. so to cut their communities and the whole country is simply not functioning right now. so these are very important priorities that needs to be fixed right now. well, thank you very much. christian. yep. send for telling us more about your recent trips, the country and, and the desperate situation there. and the challenges facing people and other stories of following kurdish lead for saying they've taken full control of the prison facility. they've been besieged by iceland, northeast and syria. fighting broke out the jail in the city of half the car on thursday. when i saw mounted a bit to free thousands of it's fighters in almost a week of fighting over control of the facility, about 200 inmates and 27 kurdish fighters were killed, spokesman for the syrian democratic forces says that ice will fight as of surrendered, ending the situation now unicef also voice concern about a $150.00 children and mine is detained at the jail. st had reports of fa

been bracing for this kind of attack, they have been holding classified briefings with the nation's largest banking interest and energy department which has been holding private meetings with the nation's largest utilities. here in palo alto, wilson walker, kpix 5. >>> fire crews are starting to get a hold of the colorado fire burning in monterey county. new video shows plumes of smoke. they are looking for the mountains along the coast. take a look at the damage the wildfire did to this hillside. lighter wind and an increase in humidity now helping crews to safety. >> reporter: the colorado fire broke out and quickly spread into the big mountains near big sur. it made a run toward the pacific closure, forcing the closure of highway 1. flames came dangerously close to big sur's iconic xp bridge, but the span was not damaged. 500 people have evacuated. while the cause is still unknown, wind gusts were experienced up to 50 miles per hour and dead vegetation are feeding the flames. the fire broke out after go governor gavin newsom accepted $600 million in aid from vice president kamala harris. the sta

as the lira has fallen to record lows and incredibly easy monetary policy from the nation central bank in argentina, prices rose 50.9 percent year over year in december. the highest among g 20 nations has price controls have not been having the intended impact. meanwhile, brazil has seen an inflation rate of 10.7 percent year over year as it faced the severe drought and a weakening re out outside of g 20 nations venezuela saw the world's worst inflation coming in at 686.4 percent in 2021, but since december, the month to month, numbers have remained in single digit. so joining us now to discuss the best selling author and founder of the bear traps report, lawrence mcdonald, laurie the pleasure to have you on the show today. i want to start with what's happening in u. s. markets because as we discussed they were down at 1.3 percent, and then a rally to kind of close out the day actually brought the dow back into the green territory even after falling $1000.00 points. now we've heard analysts say their pricing in an interest rate hike and the fad is moving to an easy monetary policy. and

and our deep expertise in small business lending led us to obtain sba non bank national 7a license, one of now three non bank cdfis offering this product nationally. today i want to focus remarks particularly on work that we've done in both nationally and minnesota. and to reflect on what we've learned. sierra has a long history of partnering with other cdfis. we've worked with more than 250 cdfis and development finance agency oversight the years, nationally and twin cities. and in minneapolis more than a decade ago we made more than 100 subordinate loans to support small businesses along lake street, franklin avenue and primarily in the phillips and powderhorn park neighborhoods we did this in partnership with local banks and other cdfis and our efforts, joint efforts revieldsed the neighborhoods reresulting in 62% decline in crime from 198 to 2009 and rising property values. this lending laid the foundation for major redevelopment project of the mid town exchange, a former serious distribution center -- more than 10 years with two million square feet, a very daunting project to redo.

future of the federal reserve policy remains in focus with investors. keeping an eye on when the nation central bank will make its 1st move toward raising interest rates, which have been sitting near 0. so let's take a look at the numbers here. the tao is down about 3 and a half percent since january 1st, while the as the p $500.00 has last more than 4 and a half percent. but the biggest drop, well it's been with the tech heavy nasdaq, which has fallen more than 8 and a half percent since the 1st of january and down nearly 10 percent since highs in november, putting it on the brink of officially entering correction territory. let's go ahead and take a look at what markets are doing, and if there's something we could expect to continue. michelle snider, she's the partner and director of training research in education with market gauge dot com. michelle, i want to start with. mark is dropping over all over the last couple of weeks. it seems everyone is talking this up to fears, overriding interest rates, but all science point to march as the earliest point, we might see that bad high, great. what are

we take you to russia, we're, the nation central bank is calling for a complete fan of crypto currency and mining. full take a look at wasn't fake net and where the oil prices sky rocketing can to be digit pharaoh will talk with an expert in the field about the forecast. we've got a lot to get to go. we leave the program with the state of inflation and central banks around the world look to combat rising prices. here in the united states, the federal reserve is preparing to raise interest rates for the 1st time since 2018 as it continues to pull back on billions of dollars an asset purchase it. now, along with criticism of the fed, there has been a lot of talk about what the central banks role actually id and president joe biden gave his take during a press conference on wednesday critical job and making sure that the elevated prices don't become entrenched. the rest of the federal reserve, which has a doorman day, full employment and stable prices. the federal reserve provided extraordinary support during the crisis for the previous year and a half given the strength of our economy an

name is john i am the president of theur cfi coalition of strategich, initiatives at the national cooperative bank. thank you for this opportunity today to testify on the success of cfi's in delivering financial services to under served, rural and native communities. the coalition is a national membership organization made up of more than one or 50 organizations including banks community corporations, micro lenders, and credit unions. established 1994 is a true policy apparatus for disadvantaged communities especially those hit very hard during the covid pandemic. however, low income communities rural, tribal committeesve of color face significant obstacles in assessing financial services. today the fund has more than 1800 certified cfi's across the country providing government and living services in all sizes and types of communities. these leveraged $12 in private capitol for every dollar in federal support. the assistance towards 30 minute billion in loans and investments to 125,000 businesses and billions of individuals they finance 55000 units of affordable housing. to thousands of nonprofits

but tutu challenged all of that, playing an crucial role in persuading western nations to bank economicid regime. from today, february the - the apartheid regime. from today, february the third, i today, february the third, apartheid is not being dismantled or is not being actively dismantled and for the first time i will offer punitive economic sanctions. there is no doubt about it. he came — there is no doubt about it. he came at— there is no doubt about it. he came at the right time and he was _ came at the right time and he was very— came at the right time and he was very critical in terms of campaigning for sanctions. he was campaigning for sanctions. the: was scathing of the blindness of people who for economic and ideological reasons, political reasons had a stake in preserving white dominance in the south african military dominance and all the rest of it in the southern tip of africa. his opinion of ronald reagan was he came out and he met with reagan and was scathing. met with reagan and was scathing-— met with reagan and was scathint. _ , ., , scathing. the system of this coun

cdf eyes are very good working on particular issues, tribal nations so getting incentives for banks to partner with institutions and help on the margin. >> thank you for that and i would say, i think you both know there's incredible supply problem out there across the country because housing prices to go up. if you have any ideas and recommendations about what congress cans do to solve this problem, i would certainly love to hear. i know the build back better proposal that may or may not be going away at this time, has housing initiatives in it but i think could happen positive if they were passed when i saw him solving some of the supply problems. governor, i want to continue with you for second, you and chairman powell clearly worked pretty well during your time together and i know this will continue. i gave how the opportunity to share earlier this week and i want to give you the same. i remember clearly the pressure president trump put on the fed for his own political gain, not the well-being of the economy and i'm grateful for you and your colleagues to be independent you maintain

thought initially successful b t a bank landed him attention from classical warranties with the bank nationalized by the government. he fled to the u. k, fearing for the safety of his family and was granted asylum. but things was so simple. b t, a bank had been subject to one of the world's biggest froze of the time with over $5000000000.00 embezzled and obliged off. accused of being the master mind sending the decades behind bars that i've sent in both calixto on russia for fraud. and later murder, he was in hot water with authorities in the west, with lawsuits against him, a multiple states, a prison sentence, and multiple arrest warrants will eventually issued his family fed know better being deported from italy with a glass of accusing italian authorities of kidnapped at the behest of the cousin presidents in an extraordinary time around the deportation was later unknown. the story quickly turned into a national scandal, making both international headlines and waves in the italian parliament. the ministry has globally disgraced the name of italy by putting at risk a woman and the child who ar

along with abided administration decision to freeze nearly $10000000000.00 of afghanistan central bank, national reserves sent the economy in a freefall. in estimated 22800000 people. more than half the country's population are expected to face potentially life threatening food insecurity this winter and the exemptions are not helping. but there is a way to get them to start working, replaced biden, where they're noble sheep dog that's willing to end the sanctions. now that probably won't work. how about this in order to provide clarity to financial institutions, we could send comfort letters from the treasury department to reassure banks that they may engage in commerce without the risk of violating sanctions. okay, and are we sending these come for letters? yes. ah god dammit, the treasury has not responded to a group of law makers request for comfort letters. what what, why does it seem like we are being so deliberately cruel to the people i've i've janice that. well, it could be for political reasons, the biden administration doesn't want to seem weak after ending the war. either that or, or

. >>> up next, sofi makingmoves to become a national bank, and shares at ford hit the brakes. stories and more when we go inside the "market zone." >>> and at the top of the hour we'll hear from the president as he marks one year in office. we'll bring you that press conference and speech live as ons binso aitegs. ere to tell people that ww is getting even more personal. keep on shopping, ignore us. i've lost like 28 pounds. you look great! i love that my clothes fit better, but i just love ice cream a little bit more than that. the new ww personalpoints program is particular to you. so what kind of foods do you like? avocado. ice cream. sandwiches. no food is off limits. when can i start?! join today for 50% off at ww.com. hurry! offer ends january 24th! at vanguard, you're more than just an investor, you're an owner with access to financial advice, tools and a personalized plan that helps you build a future for those you love. vanguard. become an owner. >>> tonight, president biden marks one year in office highlights from his news conference >>> plus, the first-of-its-kind c

consumer protection and director of risk management and supervision helping to stabilize her nation's banks. earlier in her career she served at the resolution trust corporation cleaning up and restoring faith in our financial crisis after the savings and loan crisis. in a nutshell you can see how qualified she is. she'll be in a position at the fhfs to -- stability of housing financen system whether you are looking to rent or buy housing has become too expensive and too hard to find long before the pandemic began. more than 50 years after the passage of the fair housing act people of color are far more likely to be denied a mortgage. far less likely to own their own home. far more likely to pay more in rent than they can afford. just the past week, tragic niers in the ranking member's home state and in the bronx have reminded us of how far we need to go to ensure that everyone had safe affordable places to live. important role to play in addressing challenges. actor director thompson has distinguished herself as the persons we need to lead this. these nominees each understands the challeng

bank license. today i want to focus my remarks particularly on both national and minnesota, what we have learned. crf has a long history of working with more than 215 cdfi 's and finance agencies over the years, both nationally and in the twin cities. in minneapolis we made more than 100 subordinate loans to support small businesses along like frank than avenue and primarily in the philips neighborhoods. we did this in partnership with local banks and other cdfi's, and have joint efforts to revitalize neighborhoods resulted in the 60% decline in crime from 1998 to 2009 and rising property values. this laid the foundation for a major development project, a former sears distribution center, long vacant, vacant for more than 10 years. 2 million square feet. very daunting project. the city, working with the city and the strategies the city had, crf and two other cdfi's were able to provide tax credits to redevelop this building to a mixed-use building, including the headquarters -- bringing the headquarters of a major nonprofit national health care system into low income neighborhoods. in the same ne

i don't expect forttinet is all that proprietary signature bank it's like republic or citi national they have high priced takeover bids i was shocked that they rallied 149% it was a poor year for fintech and big banks. now this stock is expensive. all in all i'd rather over one of the majors but signature with real interest rate sensitivity you know my favorite from the trust is wells fargo we had a really good day number 6 is a total investment club name is ford motor. ceo jim farley has rebuilt the company. making a giant bet on electric vehicles his goal is to turn a profit on every car he makes believe it or not, that's something his predecessors never seem to put much emphasis on i thought it was as cool as all get out. ford owns a giant stake in rivium are you ready, skee-daddy, for possible repeat of last year's 136% move. what a horse a mustang. that's an ev joke. 7, when the limited broke itself up it unlocked powerful and seemingly powerful choices especially bath and body works even after last year's 132% gain, it had more upside bed, bath & beyond are up. people don't hate bb

ah, banks, either my national delilah. no, they say my that the girl i wanted to read it is a central bag support. donna gonna call them right now and say stop the madness. a with the president of croatia stage, his country will withdraw troops from nato. if there's a conflict between russia come to the west, frank saw it's a military presence in the region over a ledge. clowns buying moscow to invade its neighbor a. your gas tank closures with police in the ukrainian capital. has people take to the streets up here to demand economic reforms also ahead.

to offer a competing service and i wouldn't just isolated to say it just want to be a bank of these specific nations because the running joke with china is that it's not very good at coming up with original ideas but wanted to see how these, how something works kind of recreate it and make it cheaper and more efficient. and that's how china competes in the grand scheme of things. so i wouldn't be surprised at the c. i. p. s undercuts a swift system in a big way, and right now, it's not a great time for banks, interest rates are low and they're under threat from digital currency. so banks are going to take what efficiencies and cost cutting measures they can. and on top of that, the c i p. s is likely to be more efficient than the swift, because currently switch transactions can take anywhere from 2 to 5 working days to be completed and reach the destination due to the evolvement of sometimes several intermediary banks. so already the c i p s network is expanding the window for payment processing in order to cover european african n middle eastern time zone. so that way clients can actually settle pa