i think the reserve bank and sit tight today and for the remainder of this year.r economist at kiwibank. amazon started releasing some sellers�* funds back to them after complaints in the uk and eu have money being held unexpectedly. the change of policy comes after the bbc reported amazon�*s actions left some businesses close to collapsing. in may, the e—commerce giant said it would temporarily hold sellers�* funds to holds customary fundamental method businesses would be able to withdraw their money only one week after the delivery date. now the e—commerce giant is saying the measure will be delayed untiljanuary. otazo has cut prices in china for its modely long—range of performance versions. they drop their starting prices of both models by nearly $2000. tesla also said it would offer insurance subsidies for some model three cars. tesla has slashed prices several times in the united states and other market since late last year, trying to shield itself against competition and economic uncertainty. from mumbai to bangkok to jakarta, motorbikes are the most popula

is the governor of the reserve bank of new zealand. have you back with us, you have made a big shift in your policy approach, you are one of the leading aggressive central banks when rates had to be turned around and in july you made a very dramatic dovish move. at the meeting, one of the big questions i came out that you are asked about in parliament is this increased in the official cash rate track, the basis rate of 2.2 5%, and markets return to figure out what you and what the message is here, how they are supposed to interpret this, beyond the fact of saying it's a technical move. it is something that people think suggests may be another nuance here in how the rbnz is approaching things. >> thank you kathleen, it's great to be back again. i would say to the markets be confident that we have time to watch, worry and wait for the interest rate levels now. the forward tract that you talk about is a projection, it's not us trying to provide a signal or a constraint. the projection really reflects that over recent months with some uptu

that's our expectation that the reserve bank is done here at 550. we're now past the peak in inflation. we're seeing that disinflation that we've seen offshore starting to happen in our own numbers. that sharp deceleration in imported inflation should start to carry that headline rate lower. so and there's also favorable base effects in play with those last year's spike in in energy and food prices beginning to fall out of annual calculations. so we do see momentum there. we could see the the the inflation rate here with a 4% handle by the end of the year. it's just getting to that 2% rate, that sort of final mile. that's the tricky part. but we do think domestic price pressures will call sort of at the end of this year with the forecast recession to come. and a loosening in the labor market. yeah. so in terms of that recession and the rising unemployment rates, can we anticipate rate cuts sometime in 2024? have you made any change to your cash rate track? no, we've still we're still of the firm belief that they'll cut rates early next year, februar

afghanistan central bank reserves while the us - the afghanistan central bank reserves while the us s is pulled the afghanistan central bank - reserves while the us is pulled out there's— reserves while the us is pulled out there's no— reserves while the us is pulled out there's no economic— reserves while the us is pulled out there's no economic support - reserves while the us is pulled out. there's no economic support coming, being _ there's no economic support coming, being the _ there's no economic support coming, being the storage _ there's no economic support coming, being the storage of— there's no economic support coming, being the storage of humanitarian. being the storage of humanitarian crisis _ being the storage of humanitarian crisis is _ being the storage of humanitarian crisis is one — being the storage of humanitarian crisis is one that _ being the storage of humanitarian crisis is one that is _ being the storage of humanitarian crisis is one that is to— being the storage of humanitarian crisis is one that is to be - being the storage of humanitarian crisis is one tha

chair powell also spoke about the economic outlook during a speech at the federal reserve bank economic symposium in jackson hole, wyoming. >> thank you, betsy, and good morning, everyone. at last year's jackson hole symposium, i delivered a brief, direct message. my remarks this year will be a bit longer, but the message is the same. it is the fed's job to bring inflation down to our 2% goal and we will do so. although inflation has moved down from its peak, a welcome development, it remains too high. we are prepared to raise rates further if appropriate and intend to hold policies at a restrictive level until we are confident that inflation is moving sustainably down toward our objective. >> the unprecedented pandemic related demand and supply distortions and on i will >> forces are working together to bring down inflation, the process still has a long way to go. even with the more favorable recent readings. the u.s. total pce inflation peaked at 7% in june 2022 and declined to 3.3% as of july following introductory roughly in line with global trends. the effects of russia's war again

the reserve bank of australia will be holding its monthly meeting next week to decide on the cost oforrowing. market analyst peter maguire says if chevron strike issues are not solved soon, they will have a big impact. you've got 500 workers, two major plants, and they produce around 5% of global supply. it's a major impact and certainly asia would be... ..would feel it more than anywhere else in the world. i guess it highlights that wage demands are rising despite the dip in inflation that we saw recently. what will be the impact on the central bank? as far as central bank's concerned, we seeing hopefully retail sales fairly strong. if that's not a bad point, normally a good point, but it could further inflation, we are expecting inflation to come down. that could be a good sign next tuesday with no rate rise. but we've got to wait to see how that number drops. it's coming out in a few hours. the target is 2—3%. what range are you expecting the number to come in? between the area... if you're looking at annual rate, you're at 5.2 forjuly, down from 5.4 injune. that's year—on—year. i

we are now 1.5 hours away from the reserve bank of australia.y pledging back and contraction territory. sales tumbling the most in a year. that as beijing announces new measures to boost private credit. plus, we will check in with the progress on india's clean transition with a government agency tasked with auctioning the renewable energy projects. >> asia has given up most of the games but it is still in positive territory. of for a seventh straight day. police for its best run this year. investors focused on the economic play in the world. we have china promising more stimulus today. it will and boost the investor environment and the fed. we had the fiancee there is no recession and we have a eurozone revising the negativity currently back in positive territory in terms of its growth. take a look at where we are in terms of this. we have the index in positive territory as we count on to the rba positive. they expect no move from the rba. the consensus is that this could be the last move by the rba. the swaps market no longer fully pricing in a

defeats in this country, and they could also feed into higher consumer inflation at a time when the reserve bankcide on interest rates. nicola namdar, bbc news, mumbai. in other news... shares of wework, the office space sharing company, have plunged after it raised "substantial doubt" about its future. the company's shares fell by close to 24% in extended trading in new york. wework was hit hard by the pandemic as social distancing rules drove people to work from home in a trend that has continued. the uk's top financial watchdog will write to banks today asking for details on how and when they choose to dump their customers. the government has ordered a review in to so—called debanking with evidence that it's frequently done because customers have close ties to politics. the financial conduct authority will be asking banks to disclose the number of accounts thay have terminated or suspended and the reasons behind those decisions. hundreds of amazon sellers have complained that the online marketplace is withholding their money. amazon said it emailed sellers about a "delivery date—based reserve

defeats in this country, and they could also feed into higher consumer inflation at a time when the reserve bankrest rates. nikhil inamdar, bbc news, mumbai. country garden has said... the amount is valued at 22 and a half million dollars, the country's property sector has been having that debt crisis since their default. and that's it for this edition of asia business report. thanks for watching. bbc news, bringing you different stories from across the uk. this is pauline. she teaches diving at skegness aquarium, and she's 76 years old. i find it very therapeutic. i enjoy being in amongst the fishes. pauline has been here for eight years and teaches people of all ages how to dive. she says the oldest person she's taught was 90 years old. i like helping people, especially the people that are nervous. if we have trouble getting them into the water, once they've actually managed to get in and come out all smiles, that is the best, best feeling. and those that work with pauline adore her. yarmouk i'm happy for me and all the other guys, because i've done all all the other guys, because i've done al

defeat in this country and they could also feed into higher consumer inflation at a time when the reserve bankon interest rates. and before we go, shares in investment giant softbank group have jumped about 2% this morning. that is after the company reported a surprise net loss of more than $3 billion for the first quarter. the bottom line was hit by a week yen and also a drop in the share prices of major holdings. that is it for this addition of asia business report. we will be back tomorrow morning. so do join us if you can. but for now, thank you forjoining us. bbc news — bringing you different stories from across the uk. meet the cheshire ghost riders, who are gearing up for a home world championships. it's a whirlwind of emotions, notjust adrenaline. you're focused during the flow state, and then you're across the line before you know it. i'm absolutely buzzing because i did the worlds 11 years ago now. i had an awful accident in which i broke my hip, i couldn't walk for seven years. i recently got back into it and qualified again, and it's amazing. there was no stopping getting me back o

i think the reserve bank has signaled very clearly that inflation may be a temporary phenomenon.a especially, about half of headline inflation comes from food inflation. which itself is driven more by supply-side factors than by demand-side factors, over which the bank does not have much control. the expectation is that because of some of the global factors, especially relating to the war in ukraine, the supply is a problem. what we do expect that some of the supply-side factors will be eased going forward. i think it is a very wise move. but at the same time also it signals temporary inflation may be a little higher. i think what is important also to keep in mind is core inflation, which is what economists watch carefully, does not seem to be up. haidi: -- kathleen: what will the rv i have to see -- rbi have to see the shift towards a tighter stance? maybe raising rates again, or the opposite direction? does it seem like they are close to cutting. >> my sense is in the upcoming policy review of -- policy review a few weeks from now, they will continue the stands, unless global f

increase in interest rates with the aim of curbing inflation in the united states by the federal reserve bank of america. reservation of agents the most influential factor in the global price fluctuations of gold in recent days is the game and price fluctuations in the domestic gold market followed the limited fluctuations of the dollar price and did not pay much attention to the positive fluctuations in the global price of each ounce of gold, while some analysts believe that the continuation of the increase policy the interest rate lowers the price of the dollar to $1,900 and gives the possibility of it reaching $1,800. other gold market experts believe that this yellow metal , considering that it has recorded its weekly end above $1,900, may reach up to $1,900 in the short term. the price of the game is 1945 dollars and in the next step up to 2000 the dollar should also be registered, if gold per ounce drops to less than $1,900, the next targets will be $1,870 per ounce of gold, and the next downward step will be $1,840. pursuing the problem of coinbase exchange wallets and the complaint of

let's start with australia as a whole from the reserve bank of australia. there cash rate at .1%. post the statement, governor loaded say that might look at -- governor low so they might look at tightening and conditions around the world and economy and high school -- household spending. economists were split going into this decision and markets were pricing it at a hold third the majority of economists were seeing a small hike. you can see it in the aussie dollar today. earlier in the session they were holding onto gains but now it is falling against the dollar. ozzie stocks are still extending their gains and on the front end of the yields. the yield of the lowest since early june. i'm going to turn out to china. they have been a swash of disappointing weak economic data. caixincaixin the manufacturing pmi data coming in missing estimates. it is in contractionary territory now. you have tumbling home sales last month and negative news. country garden is reconsidering equity sale. a lot of indications of how dire things are the property market right now and it is more blows to th

defeats in this country and they could also feed into higher consumer inflation at a time when the reserve bank we go, let us show you where the unsung index will in about 15 —— 50 minutes time. we are waiting for china's inflation figure and economists are expecting the economy could be in deflation already. that is it for this addition of asia business report. thank you so much for watching the programme. voice-over: bbc news, - bringing you different stories from across the uk. early morning, for over a year now these speed limits through the village has been 20 mph. today police were out to check and still found some who were going to fast and pulled them over. ifind it difficult to do 20 mph. i am normally doing 23. the police check the speed for 19a motorists during a two—hour period and found 16 going too fast, with one going 3a mph. today they didn't have to pay a fine, but could watch a safety presentation, part of the way the police are trying to get the message across. certainly at 30 miles an hour you have a 50% chance of surviving a vehicle collision. ar 20 mph you have a 95% chanc

last week the reserve bank of india held the key lending rate steady but moved to stuck out excess liquiditying system. the central government has recently announced a number of proactive measures to cool down prices, such as releasing additional onion stocks to the market last week after banning the export of key varieties of rice and wheat. some relief from prices is expected as the new crop comes into the market. the risks from extreme weather and monsoon remain major risks to inflation. they are unable to cut interest rates, and the government faces a crucial election season in the summer of 2024, and will be watching the inflation scenario very carefully. the inflation scenario very carefully-— the inflation scenario very carefull. ,, ,, ,, carefully. the swiss bank ubs has agreed — carefully. the swiss bank ubs has agreed to _ carefully. the swiss bank ubs has agreed to pay _ carefully. the swiss bank ubs has agreed to pay $1.4 - carefully. the swiss bank ubs has agreed to pay $1.4 billion | has agreed to pay $1.4 billion to settle flawed claims in the united states, linked to the 2008

it is extending declines since the reserve bank of australia held rates as a.he kiwi dollar is sinking. they had unemployment data at a two-year high. i want to take a quick note of jgb 10 japan yields around 6.3%. on monday the bank of japan stepped in and around 0.6%. it throws out the dilemma of what line in the sand they are trying to defend here. dani: it was. two are of asian markets. it is time now for our roundtable. with us as valerie tytel and jill disis. let's start with the u.s. news. fitch has cut the u.s. credit rating from a aaa to a aa plus her worries about the nation's budget deficits. in a statement, the agency said the rating downgrade of the united states reflects the expected physical deterioration over the next three years, a high and growing general government debt burden and the erosion of governance relative to aa and aaa rated peers over the past two decades. u.s. treasury secretary janet yellen is not taking it lying down. she said the decision was arbitrary and outdated. economist larry summers and mohamed el-erian have criticized t

defeats in this country, and they could also feed into higher consumer inflation at a time when the reserve bankrest rates. in other news... shares of wework, the office space sharing company, have plunged after it raised substantial doubt about its future. the company's shares fell by close to 24% in extended trading in new york. wework was hit hard by the pandemic as social distancing rules drove people to work from home in a trend that has continued. the boss of travel firm tui — sebastian ebel — believes climate change could prompt people to take their holidays in spring or autumn and choose cooler destinations. ebel said destinations such as the belgian or polish coast might become more popular. greece is usually one of tui's most popular destinations, but the firm warned july's wildfires in rhodes had cost the firm around 25 million euros. don't forget you can get in touch with me and some of the team on twitter. i'm @ v valentine news. i will see you very soon, goodbye. the residents feel left in the dark about the plans, especially the fact that the council has sanctioned the use of comp

the reserve bank of india is holding its key rate. after the ukraine war overshadows gains, and strikes from woodside operations affecting -- energy stocks. we will be speaking to the i.t. minister of india after parliament is set to pass a bill benefiting big tech. yvonne: a mixed picture as we get closer to the u.s. inflation print and what magic number will shake up these marks, especially when it comes to the bond rally in treasuries. despite these massive options that receive which happened -- happened quite well received. we are seeing when it comes to equities some downsides when it comes to towel on -- taiwan. there have been concerns about that ai that might be same cracks now as well. and we are looking at the rbis decision happening later this afternoon, when it comes to elevated food prices and energy prices, how does rpi feel about that? that is something that they might need to mark. and whether or not they could start that pitted as many others are holding for now. commodities mixed, oil is the key thing with the bti, b

for us, it is the monetary policy statement this week and we're not expecting changes from the reserve bankthe cash rate on hold a 5.5. they have said there is a very high barfor further rate hikes. with the data we have seen to date, most which have surprised on the downside, not materially, but still the downside of expectations, we don't think that has been crossed with the data we have seen. and the outlook is still relatively soft. we are still forecasting a recession for the new zealand economy and that should really help those inflation pressures. think there is a bank and sit tight today and for the remainder this year. that is ma jo remainder this year. that is mary jo vergara, _ remainder this year. that is mary jo vergara, a - remainder this year. that is mary jo vergara, a senior. maryjo vergara, a senior economist at kiwibank. in other news making headlines, amazon has started releasing some sellers' funds back to the mother complains in the uk and eu are of money being held unexpectedly. the change in policy comes after the bbc reported amazon's actions of some businesses clos

he named her chair. 2004, secretary yellen began her third tenure as president of the federal reserve bank of san francisco and in 2010 president obama appointed her vice chair of the federal reserve, nominating her to be the chair of the federal reserve were she was the top anchor of the nation from 2014 to 2018. she has been a strong advocate of the irs in our workforce and we greatly appreciate her and all the efforts to secure funding for the revenue service to help us transform and modernize our tax system. please join me in welcoming secretary janet yellen. [applause] >> thank you so much for the lovely introduction and it's great to be here with all of you . before i begin, i would like to speak about the recent decision to downgrade the u.s. credit rating. over the past few years the american economy has seen an historic recovering from the depths of pandemic downturn. over 13 million new jobs have been created since january of 2021. our unemployment rate stands at 3.6 percent near historic lows. overall annual inflation has declined every month for the past year and our economy co

dollar strength sinking apac currencies to this year's low decision day for the reserve bank of new zealand. with cooler inflation and higher unemployment supporting another hold. plus, china said to mull cutting stamp duty on stock trades as defensive reaction to a surprise rate cut shows president xi facing more tough choices. let's take a look at us. futures now down. the stock market had kind of a tough day today. we're seeing now some green on the screen. however, just basically still pretty much unchanged. and in fact, the the feeling here was that retail sales in the us stronger than expected. why wasn't that good for stocks? because neel kashkari, part of it at least, president minneapolis fed says he doesn't think the fed's done enough yet to bring down inflation. well, if the consumer is so resilient, how is the fed going to stop hiking rates? that's what hit stocks today. in terms of the treasury market, the two year actually gained amid a global bond sell off. there's more concern now about rates having to stay higher for longer. uncertainty now about china in its slowdown. that

the federal reserve bank of new york says total u.s. credit card debt just hit 1 trillion dollars. bankrate analyst ted rossman says there are a lot of reasons to expect credit card debt to grow over time increase consumer spending, which powers a lot of economic growth, more card usage because cash is less and less of a thing with each passing year, population growth. plus 53% of people pay off their credit card balances each month. lendingtree analyst matt schultz says the problem is for those who don't lingering inflation and rising interest rates have combined to trap a lot of people into this cycle of debt. and this week, bank of america reported an increase in the number of people making hardship withdrawals from their 401 k retirement accounts. the opportunity cost for that is so great. >> because that's money. that's not going to be able to compound interest for 25 30 years. will both experts say overall the economic picture isn't bad? the new figures suggest a lot of people are close to the edge even a lot of upper income households are living paycheck to paycheck. and sch

the new york federal reserve bank says for the first time credit card debt in this country topped $1searchers attribute the $45 billion spike to strong consumer spending and higher prices due to inflation. this as overall household debt loads were largely unchanged. >>> espn has signed a $2 billion sports betting deal with penn entertainment. the ten-year deal includes rebranding a barstool sports book app as espn bet this fall. the new app will be promoted on espn's platforms, and the deal also includes access to espn programming and talent. it comes as sports betting is rising in popularity. it's now legal in 38 states and the district of columbia. >>> and taco bell is celebrating the end of its battle with taco john's over that taco tuesday trademark. the chain will offer free tacos at some locations every tuesday for the next month. then on september 12th, in partnership with doordash the company will put $5 million to orders from any participating vendor selling mexican food. >>> that's your cbs "money watch" report for this wednesday morning. i'm shanelle kaul, cbs news, new yo

the reserve bank of australia will be holding its monthly meeting next week to decide on the cost ofrowing. market analyst peter maguire says if chevron strike i55ues maguire says if chevron strike issues are resolved they will have a big impact.— issues are resolved they will have a big impact. you've got 500 workers. _ have a big impact. you've got 500 workers, two _ have a big impact. you've got 500 workers, two major- have a big impact. you've got| 500 workers, two major plans and they produce around 5% of global supply. and they produce around 5% of globalsupply. it's and they produce around 5% of global supply. it's eight major impact and certainly asia would be... feel it more than anywhere else in the world. i guess it highlights that wage demands are rising despite the dip in inflation that we start recently. what will be the impact on the central bank was back as far as central banks are concerned, we seeing hopefully with retail sales fairly strong. iii hopefully with retail sales fairly strong.— hopefully with retail sales fairly strong. if that's not a bad point. _ fairl

according to a survey from the new york federal reserve bank, american workers want record high wages to any job . it's as americans on average say the lowest paid they would except to change jobs is just under $79,000. that is a new record up from just over $72,000 last year. i don't blame them with rising prices. >>> trader joe's announcing another big recall for multi grain crackers with sunflower and flax seeds. check your pantry. they may contain bits of metal. the recall covers crackers with a best if used by date between march 1st and march 5th of 2024. >>> this morning we are keeping a very close eye on our satellite imagery and heading into this afternoon we are continuing to watch the leftovers from tropical storm hilary move its way into the east. how does that impact us? we will see some cloudy skies from time to time but that mugginess we noticed yesterday , whether you are in san francisco or in the inland hills, we felt it and that will not be the case today. dew point starting to decrease day by day. we get back to the dry set up . we have a big warm up around the corn

i'm crucially there, but the central bank reserve seized by the us, be afraid when the telephone took over some $7000000000.00 of escrow off can central bank reserves was seized by the by the administration is a direct line between baths and the here on a chair and price is currently on the way of i've got a sound according to and joe's an economist. i'm indeed now 23000000 people are reliance on welts, food program aids. because for one thing, after i was done, doesn't have the money to do to buy impulse smoking, love and love least let alone the page. civil servants teaches civil society and so on with without money that money held by, by the us off of it. now, in a swiss bank is under some sort of trust. sorry, that does seem interesting, but man of us is interested in a dialog on economic stabilization. it's also notable that this time last year the usda is only boy on us, can women girls and human rights refuse to even sit in the same room as the interim ask i minutes at this time there she did attend. the meeting was in the room for this meeting. she decided to be sir. well, tho

the us. combined with divine and ministers has moved to freeze around $7000000000.00 in central bank reserves. when the taliban returned to power 2 years ago, the i. e. a reiterated that it was crucial for confidence building that blacklists and reward list to be removed and bank reserves been frozen so that the afghans can establish an economy underlined on for an 8. when joe finally announced that he was freezing. the atkin beings reserves back in february 2022. he clicked, he was doing it for the quote benefit of the people, but it has only served to contribute to one of the worst humanitarian disasters in the world. i find that the preservation of certain property of the afghanistan bank held in the united states by us financial institutions is of the utmost importance to addressing this national emergency. and the welfare of the people over again is done in the same way that the us government says one thing and then does another enough to understand the also appear to have double standards when it comes to where they support opium production being allowed back in 2003, when the us was al

continues to demand the return of were $7000000000.00, which had been placed in the us federal reserve bank by the previous government. early last year, american president joe biden signed an executive order, splitting the frozen of gun assets off the sum was placed into a swift base, trustful. and the rest is reserved for law suits brought on by the victims of be september 11th, terror tests. or to discuss this further, let's cross live 2 adults, semester of economics of pebbles, pardon university cation hummadi. you're most welcome sir, to the program. the u. s. funded special inspector general ford, i've got a son, saves the nation simple bike essentially locks independence from the taliban and has refused to return the nation's assets. were you expecting any other kind of conclusion? well actually when you look at to the central bank of let us know like any other organization in the country, it's wrong by the time of on and even some of the members of the top of the central bank are banned and they are in the blacklists and other lists of the united nations. you cannot expect the time o

federal reserve bank in new york by the previous government. that money was frozen by the by that administration, when the taliban swept back to power. in the wake of the chaotic us withdrawal from the country last year, president biden announce he intended to transfer half of that to a trust fund that supports you mandatory and assistance in afghanistan. but then that notion was blocked him and claims the afghan central bank was independent from the taliban. adjunct professor of economics that cobbles, cardon university, quite small. hummadi believes that the afghan people don't get past the money frozen by the us. the humanitarian situation in the country could become even more dire, and i'm going to point out the world. this money is restricted and not given to the island people. it will lead to the avalon economy, north timing, leading to floating security and more refreshing poverty and of employment and lack of healthcare organizations or the organization. it means that so the 20 years of war and dropping bombs on of let us on the island,

continues to demand the return of more than $7000000000.00, which had been placed in the us federal reserve bank in new york by the previous government. that money was frozen by the by the administrative sion when the taliban swept back into power. in the wake of the chaotic us withdrawal from the country last year, president biden, and now see intended to transfer half of that to a trust one that supports humanitarian assistance in afghanistan. but then that notion was blocked and made claims. the asked in central bank wasn't independent from the taliban government. adjunct professor of economics that couples part on university quite small hummadi believes that if asking people don't get back. so money frozen by the us. the humanitarian situation in the country could become even more dire. i'm going to point out the world, this money is restricted and not given to the island people. it will lead to the avalon economy, north diving, leading to for the security and most of the attrition poverty and of employment and lack of healthcare and education for the nation. it means that for the 20 years o

buying had $9500000000.00 us dollars in rivers of which $7000000000.00 was actually at the federal reserve bank in new york. and those funds were frozen by the, by an administrator and following the by the administration of the calendar withdrawal from afghanistan. and 2 years ago, i lost ya biden, announced he intended to transfer hop of those frozen assets to a trust fund that supports humanitarian assistance in the country. however, of the recent order for us to look to the move, say the scan central bank wasn't politically independent from the taliban government. well, lecture at the american university of i've gotten this done all by the, by here to believe that washington doesn't have the rights to do what it wants with the money that belongs to the scan. what we've seen so far, um the creation of the trust fund was a mechanism to get out of the debt locked. the united states itself does not have the right to do whatever it will split the money, whoever the signature you off the funds is they have to decide what happens to the money. however, right now we don't have a signature for the fu

federal reserve bank in new york by the previous government. that money was frozen by the by the end, administrative sion when that's how been swept back to power in the wake of the k arctic us withdrawal from the country last year, president biden announced he intended to transfer half of that to a trust fund that supports humanitarian assistance in afghanistan, but then that notion was blocked at mid claims. the ask in central bank wasn't independent from the taliban. adjunct professor of economics that couples cardon university quite small, hummadi believes if the gap people don't get back the money frozen by the us. the humanitarian situation in the country could become even more dire, and i'm going to point out the world. this money is restricted and not given to the island people. it will lead to the i want economy north styling leading to for the secure, a general, depression, poverty and of employment, and lack of healthcare and education for the organization. it means that for the 20 years of war and dropping bombs on, understand that

continues to demand the return of more than $7000000000.00, which had been placed in the us federal reserve bank in new york by the previous government. that money was frozen by the by that administration, when the taliban swept back into power. in the wake of the k, r. us withdrawal from the country last year, president biden announced he intended to transfer half of that to a trust fund that supports humanitarian assistance in afghanistan. but then that notion was blocked to mid claims. the asked in central bank was an independent from the taliban governments. adjunct professor of economics at couples, pardon, university place mul. hummadi believes they feel asking people don't get back to money frozen by the us. the humanitarian situation in the country could become even more dire. and i'm going to point out the war of this money is restricted and not given to the island people. it will lead to the i want economy north styling leading to floating, secure, a general depression, poverty and of employment, and lack of healthcare organizations or the organization. it means that for the 20 years o

a couple continues to develop the return of more than $7000000000.00 price in the us federal reserve bank by the previous government. last year by then the signed an order splitting the frozen assets tough was to go to a trust fund with a few minutes area and help enough guidance done with the rest am up for the victims of the 911 terror attacks. but none of the cash or so far made it back of what we spoke with the junk professor of economics that a couple was caught about in university kaya is more somebody, he believes that if indeed the money is not return soon to the ask on, people they already, dia she minus, it's about a tear it situation while it could now become critical. i'm going to point out the war and this money is restricted and not given to the island people. it will lead to the avalon economy, north diving, leading to for the security and most of the attrition poverty and of employment and lack of healthcare and education for the nation. it means that for the 20 years of war and dropping bombs on a flat us on the island, people should also be able to claim the same thing i

banks. the us has the biggest reserves, many central bank, sol, tons of it. during the cobit 19 pandemic, the shore opposite our economies to go reserves the captain underground volts are stored with the central banks of broad including the us. federal was of of the bank of england. joining us not from single voice nicholas gonzales, who is managing director at the metals focus. he's a global precious metals expert. the time he with us because it was russia's invasion of you crate and the subsequent sanctions that triggered last he is gold rush. what's behind this years pilot the gold. oh, you know, i think it's in many ways a continuation what we've been seeing for the last couple of years really price of the crisis. um, the expectation, especially the early part of the year, the expectation that the federal reserve would be forced to cut the rates uh a lot sooner than the reality has proven it to be the case. that's what drove the price of back of up to $2000.00, announced and look more generally. the gold has basically proven its metal, and a lot of investo

busy reserve bank in new york by the previous government, that money was frozen by the byte and administration when the taliban swept back to power. in the wake of the chaotic us withdrawal from the country. last year, president biden announced he intended to transfer half of that to a trust fund that supports humanitarian assistance in afghanistan. but then that notion was blocked him in claims to ask in central bank lessons independent from the taliban. adjunct professor. 6 of economics at pulse the card and university kind of smell. hummadi believes if the asking people don't get back the money frozen by the us. the amount of turn situation in the country could become even more dire. and i'm going to point out the war of this money is restricted and not given to the avalon people. it will lead to the i want economy north styling leading to for the secure, a general, depression, poverty and of employment, and lack of healthcare and education for the nation. it means that for the 20 years of war and dropping bombs on a flat us on the island, people should also be able to claim the same thing

the reserve bank of australia will be holding its monthly meeting next week to decide on the cost of

7 did, and it was deposited at the federal reserve bank of new york. now this was frozen by the, by ministration for the hasty withdrawal, the american suit from i guess on in august 2021. i'll see you present jo buttons that analysis that he intended to take 3 and a half $1000000000.00 from the afghanistan's bank accounts in the us and move them to a trust fund and to support that support samantha and assistance in afghanistan. by joining me now is abdulla but here a lecture at the american will see about parents, and by do the, i'm sorry if i'm mispronouncing her name, but thanks for joining me. that was a we heard from a humanitarian aid is needed in app guides. so we know the us has this pro is the, has frozen assets of africa, songs, money 1st it's a why has it taken so long for job? i'm even though he's intended i'm sense so. so i'm fees and get the a to to i've kind of stopped. uh, thank you for having me on air um 1st of all as needed. it is not the answer. it has never been the answer. it just creates further dependencies, it stifles any possi

host: just this past week of the federal reserve bank of new york reported americans are now $1 trillion in credit card debt. to help us understand that and what it might mean for the broader economy, we are joined by matt schultz, chief credit analyst with lending tree.com. tell us about lending tree. what does your company do? guest: lending tree is an online marketplace where you can go and search for reddit card loans, auto loans, personal loans, mortgages. we are not a lender. we are a middleman to help people find the best prices on loans and compare rates, but we also have an editorial team that creates a lot of great content to help people make smart decisions about their money, and what to do when they have acquired credit. host: you said you are more of a broker, a guide for folks shopping for credit cards, for loans. what is lending tree's relationship with the credit card companies? guest: lending tree on the business side collects a bounty for every person who successfully applies for a credit card through our site. in my role, we have editorial independence in terms of what