u.s. federal reserve has raised its key interest rate to its highest level since two thousand and eight now analysts were largely expecting this rate increase at the end off the u.s. federal reserve's two day meeting and they caught it a quarter point rise to now sit at one point seven five to two percent the announcement from fed chairman during power resilience the job market strength and inflation that's finally nearing the fed's target level but the move also means consumers and businesses will face higher loan rates over time and i want to bring in our financial correspondent in new york now yes yes how is this news going down there on wall street. well we see a mixed reaction here on wall street slightly to the downside higher rates are good for the financial institutions so bank stuff for example trading to the upside on the other side higher interest rates or could also drive for mortgage rates higher and that does put some pressure for instance on the housing stock saw a slight negative reaction on the right decision by the federal reserve and he had set for the rate rises this yea

u.s. federal reserve is an estimate example may be an uptick of 4% or better, for .5%. the average has been about to point may come a 2.9, close to 3%. the market watchers scott martin. we get growth like that. all bets could be off. what do you think? >> let's not hope i guess the

u.s. federal reserve's labeling of the banks u.s. business as troubled. he's only twenty four years old but already a well rounded craftsman. honey worked as a carpenter in syria for six years he also sewed in his father's tailor shop there he made everything from curtains to upholstery and car interior fabrics. we had a big workshop was a lot of space where i did my sewing. and. lots of other businesses provided us with work. we did all our sewing and tailoring there. my father made his living with that workshop and. has been working for this maker for two years the startup stitches and installs ultraviolet resistant. a young company in a nice market its owners worry about finding enough skilled workers there aren't enough qualified sowers in germany. field staff are in high demand among on e makers those who've learned the trade are often turned off by the heavy pace of their work it's very difficult to always be looking for a new people in this is often. the company has to permanent employees and a steady stream of in turns like marwan mostafa. he's fr

u.s. federal reserve's annual stress tests now a test was pasta by thirty one of the thirty five banks examined shareholders all continuing to question the overall health of germany's number one lenda share they've taken a tumble as the bank's new ball struggles to bring the bank back from the brink. georgia banks u.s. division had passed the first round of the stress test the quantity of section that measures capital levels against a severe recession in the second qualitative round of the test however the fed cited three critical deficiencies for deutscher. weaknesses in its data capabilities revenue and loss forecasts and its internal control systems. the message from the fed the us army suffers from poor management. the report comes one month after the us deposit insurance regulator added the lender to a list of problem banks. germany's flagship lender has seen its image plummet in the wake of the global financial crisis ga has now posted a loss for three successive years with its share price repeatedly hitting all time lows. the bank stock is down forty percent this year alone. it remains u

u.s. federal reserve has raised its key interest rates to the highest level in a decade the rise by a quarter point to between one point seven five and two percent is seen as another sign of a more aggressive stance for the u.s. central bank it's already the second hike this year and it's unlikely to be the last with the fed signaling they'll be two more races before december fed chairman jerome powell said this rise reflects the economy's resilience the strength of the jobs market and inflation finally nearing the fed's target levels but it also means consumers and businesses will pay more to borrow money the european central bank's policy committee is also meeting today and analysts are not expecting the e.c.b. to take a cue from the fed and also raise rates we'll have more on that in later shows. folks are now has agreed to pay a one billion euro fine as a direct consequence of the diesel gate's the comic or accepted an order by german prosecutors which saves the company a battle in the courts the emissions trading scandal has already caused v.w. a total of more than twenty five billion eu

u.s. federal reserve chair jay powell who last week said that the jobs picture wasn't particularly rosy and neither of those rallied the precious metals which was odd the gold close yesterday at twelve fifty one was the lowest since december thirteenth of last year as time now for a quick break but hang here because when we return we have a look see at the revenues of the fashion industry with our chief correspondent tricky job plus i have a few thoughts about a misstatement earlier today by a top trumpet ministration of vishal it involves numbers and those numbers to mean something as we go to break here are numbers at the closing bell oil up more than one percent and pushing towards seventy five dollars at the closing bell we'll be right back. right we'll send started five times that he has this economic. he's not going to talk about no fly just me right after the mars explorers what do you put it there to. record. to say well we don't. know palace rome well welcome to sophie and co i'm so sorry shevardnadze and today i woke up lots to talk about in our program and our guest is. the uk th

u.s. federal reserve and the european central bank are said to have their policy meeting this week. european stocks are comfortably in the green at midday led by london up 4/5 of a percentage point. some more of the business headlines. f found newsaid it's problems with jet engines. impacting the durability of its engine that carry dreamliner's have been found on another type of engine. the company has asked for more inspections on aircraft. it is already caused plans to be grnded. united arab, the emirates, and kuwait have pledged to have billion dollars in aid to jordan. leaders metame as with jordan's kim -- jordan's king abelllla and mecca. -- in mecca. shares of china's biggest battery maker software 4% on their first day of trading. the company sold 10% of its capital as partrt of the inititl public offering and now has a market capitalization of $12.3 billion. 2011, it has bmw and volkswagen among its customers. finally, it was originally meant musk's flamet elon floors are real. the first 1000 of them are delivered to customers. the ceo o of tesla posted photos of those who

u.s. federal reserve to raise interest rates. all eyes are now on the european central bank, which is meeting today to discuss when and how to end its massive bond buying program. jamilr today, we asked why the interest rate hike could put pressure on global stock markets. : it is positive and negative. for global stock markets, it is seen as a negative. it is seen as negative for the stock markets. however, a major positive is that we are continuing to see significant growth in the u.s. economy. the u.s. economy is continuing toto grow on a consistent level and d is showing no signs yet tt the higher u.s. interest rates arare actually waititing on u.s. economic, which is good for the global economy as a whole, on the basis that if the u.s. economy is performing well, it should lead to some positive ramifications of it later, because it was the u.s. economy that entered the global financial crcrisis first in 200. it appears to have exited the crisis. we need to see signs of growth in europe, including the united kingdom. of cours

u.s. federal reserve this is all the money printing that is going on this is what we're seeing is the euro the explosion of the billionaire and the ultra high net worth individuals well monaco builds into the med to house the new throng of super rich construction has begun on a two billion dollars scheme to reclaim land from the sea around monaco so that more luxury apartments can be built for the thousands of extra millionaires expected to move into the principality in the next ten years nearly thirty five in every one hundred monicker residents are millionaires and more of the global super-rich want to join them around two thousand seven hundred more are expected to call monaco home by two thousand and twenty six according to research by the estate agent knight frank take the total to sixteen thousand one hundred out of a total population of under thirty eight thousand you see near of quite clearly going back to the financial crisis as you mention so when you had. athens in agrees collapse and you had double go through a huge crisis and now you have italy collapsing and you have the e.c.

u.s. federal reserve that they would propose changing the what is known as the bowker rule that's named after federal reserve chairman paul volcker the former chairman which restricts the risk that banks can take when trading well the fed has done so under what is now just a proposed open rule for comment for sixty days banks will no longer be required to detail how they're trading benefits customers or. hedges there are legitimate banking risks the move has the possibility and probability in my view of reopening the wild west allis speculative derivatives trading that we saw as part and parcel to the great recession in a statement on wednesday chairman volcker former chairman volcker sounded a note of caution he wrote what is critical is that simplification not undermine the core principle at stake that taxpayer supported banking groups or of any size not participate in proprietary trading at odds with the basic public and customer's interests i trust the final roll will strongly maintain that position by as intended facilitating its practical application will have more on this tomorrow. eve

u.s. federal reserve would be allowed to create money for the treasury. exactly so they voted it down but they're aware of it they're aware of the. effects of fractional reserve and that money is created by loaning it into existence of there's no there's no collateral banks have no reserves against loans they they they loan more than one hundred percent of reserves of three hundred percent of reserves in the case of deutsche bank they've loaned an infinite amount against nonexistent reserves it's not there's nothing in your bank except maybe some old gum wrappers there's nothing there to collateralize those hundred ninety trillion ponzi scheme of derivatives at deutsche bank that's why it's going to go out of business but nevertheless i want to turn to this other article and it's martin one of one of the chief opinion makers at the financial times wrote a piece an opinion piece saying that the swiss should have back.

u.s. federal reserve is forecast to raise rates on wednesday.will look with interest at what they have a say. the next day, the is expected to discuss the end of its asset purchases. the bond buying program, what will they say about the timing of all of that? and we round up the week with announcements from we will see the russian president meeting with the south indian leadip as well. let's put the week into context. i've got this chart, which shows how inflation in many parts of the developed markets, i suppose, is not running above target. the bank of england has a bit of a headache, driven by very specific factors that we know very well date back to 2016. you talked to me in the break about how the central banks are the buffer. if we are worried about trade and protectionism, the central banks are still the buffer. what do you mean by that? >> any time confidence or demand looks soft in the post-limit upswing, central banks have simply delayed the normalization . there have been no major signs of excess in credit, in inventories, in wages, a

u.s. federal reserve. airbus has warned it could be forced to pull out of the u.k. if the country exits the european union's single market and customs union without a transition agreement. the company employs 14,000 people across the u.k. and makes wings for all of its passenger jets. a police report has revealed that the safety operator of a self driving uber car was watching tv before the vehicle hit and killed a pedestrian in arize a in march. port said the crash was entirely avoidable. uber has so far declined to commt. trade tensions between the u.s. and the european union took another turn for the worse today. donald trump threatened to introduce a 20% tariff on all cars coming into the u.s. unlesv the eu r to similar barriers. the two are embroiled in a fight over steel and aluminum tariffs introduced by the u.s. a brief time ago i spoke to diane swonk, chief economist at grant thornton. how big an escation is this? diane: it is a big escalation. this is at we have seen constantly, instead of turning ,hings down, backing them up and earlier on, trade,he admin

u.s. federal reserve open market committee begins two days of meeting last danielle de martino both about it and about other economic indicators to catch up on exactly where the u.s. economy stands and what to expect for the remainder of the year all that directly ahead but first let's get to a few headlines. amazon has come back to win a second round in the battle in seattle on affordable housing we reported here on the push for a so-called amazon tax and seattle to fund affordable housing and homeless services yesterday guest of the show seattle council member seamus to want tweeted that the mayor and city council plans to repeal the tax entirely at a meeting today this is all happening as we were going to air a proposed tax cap that five hundred dollars per employee at companies with over twenty million dollars in local revenues provoked amazon to threaten to scale back a major downtown construction project the tax was then reduced to two hundred seventy five dollars per worker and passed unanimously but amazon starbucks and other large companies led by the local chamber of congress hit

u.s. federal reserve has raised its key interest rate guards here with business as the highest it's been in a decade the rise by a quarter point to between one point seven five two percent is seen as another sign of a more aggressive stance for the u.s. central bank it's already the second high in twenty eighteen and it's unlikely to be the last with the fed signal signaling they'll be two more races before the end of the year federal reserve chairman jerome powell said the rise reflects the economy's was illions the strength of the job market and inflation finally nearing the fed's target level but it also means consumers and businesses will pay more to borrow money over time the european central bank's policy committee is meeting today and analysts are not expecting the e.c.b. to take a cue from the fed and also raise rates. has agreed to pay a one billion euro fine as a direct consequence of diesel gate the car maker accepted an order by german prosecutors which saves the company a battle in the courts the emissions cheating scandal has already cost v w a total of more than twenty five b

u.s. federal reserve has raised its key interest rate by a quarter point to between one point seven five and two percent it's seen as another sign of a more aggressive stance ahead head for the u.s. central bank it's already the second hike this year and it's unlikely to be the last the fed signaled they'll be two more raises before the end of the fed chairman jerome powell said the rise reflects the economy's resilience the strength of the job market and inflation finally nearing the fed's target level it also means consumers and businesses will pay more to borrow money over time the european central banks monetary policy committee is meeting today as well and unless i'm sure the e.c.b. will take a cue from the fed. i'm not joined by five yelena from the macro economic policy institute at the hands of brooklyn foundation and welcome to the studio dr was european politics emerging market turmoil is on shaky ground right now is it the right time for the fed to raise rates i think it is i mean the fed is really all about the american economy that has to take its use from the american economy i

u.s. federal reserve as we expected discussed yesterday on the program has increased the federal funds rate interest rates whack a quarter of a percent to two percent but first we pop star of the show right into a major. media and financial news surrounding the a.t.m. t. and time warner merger that was approved late yesterday judge richard leone of the u.s. district court here in washington approved the eighty five point four billion dollar merger between eighty and t.n. time warner handing a major defeat to the u.s. department of justice the decision allows the birth of a media giant with massive and little let the capacity in creation and distribution of content from sesame street to westworld the president also throws wide open the door to murder more murder media is that a moment when the corporate media landscape is already shifting rapidly and i trust lawyers from the justice department had demanded that both eighty and time warner divest certain assets before merging and sued when the parties barak the chief of the and i trust division now says the office is reviewing the decision in

u.s. federal reserve open market committee begins two days of meeting last danielle de martino both about it and about other economic indicators to catch up on exactly where the u.s. economy stands and what to expect for the remainder of the year all that directly ahead but first let's get to a few headlines. amazon has come back to win a second round in the battle in seattle on affordable housing we reported here on the push for a so called amazon acts and seattle to fund affordable housing and homeless services yesterday guest of the show seattle council member seamus to want tweeted that the mayor and city council plans to repeal the tax entirely at a meeting today this is all happening as we were going to air a proposed tax cap that five hundred dollars per employee at companies with over twenty million dollars in local revenues provoked amazon to threaten to scale back a major downtown construction project the tax was then reduced to two hundred seventy five dollars per worker and passed unanimously but amazon starbucks and other large companies led by the local chamber of congress h

u.s. federal reserve chair jay powell who last week said that the jobs picture wasn't particularly rosy and neither of those rallied the precious metals which was odd the gold close yesterday at twelve fifty one was the lowest since december thirteenth of last year and it's time now for a quick break but hang here because when we return we have a look see at the revenues of the fashion industry with our chief correspondent tricky job plus i have a few thoughts about a mistake earlier today by a top trumpets in a stray shot of vishal it involves numbers and those numbers to mean something as we go to break here are numbers at the closing bell oil up more than one percent and pushing towards seventy five dollars at the closing bell we'll be right back. financials along today with the money morning first to this is this is a see this is. this is a good start well we have our three banks all set up something in your something in them. something over the cayman island to do all these banks are complicit in or. to do some serious money laundering ok let's see how we did while we. watch for max an

u.s. federal reserve open market committee begins two days of meeting last danielle de martino both about it and about other economic indicators to catch up on exactly where the u.s. economy stands and what to expect for the remainder of the year all that directly ahead but first let's get to a few headlines. amazon has come back to win a second round in the battle in seattle on affordable housing we reported here on the push for a so-called amazon axin c.l. to fund affordable housing and homeless services yesterday guest of the show seattle council member seamus to want tweeted that the mayor and city council plans to repeal the tax entirely at a meeting today this is all happening as we were going to air a proposed tax cap that five hundred dollars per employee at companies with over twenty million dollars in local revenues provoked amazon to threaten to scale back a major downtown construction project the tax was then reduced to two hundred seventy five dollars per worker and passed unanimously but amazon starbucks and other large companies led by the local chamber of congress hit back

u.s. federal reserve's annual stress test widespread and critical deficiencies that's what the the federal reserve coined the bank in its appraisal of the lender was also criticized for having weaknesses and its data capabilities revenue and law school costs and internal controls now thirty one of the thirty five banks tested past the test although goldman sachs and morgan stanley were only granted conditional passes shareholders continue to question the overall health. gemini's top lender and shares have recently tumbled. well the european union has extended its economic sanctions against russia for a for the six months the decision was taken during a u. summit in brussels the sanctions will now stay in place through until january twenty ninth and until then companies in the e.u. will remain subject to restrictions on business dealings with russian banks and energy firms the sanctions are in response to russia's policy on the ukraine conflict in particular moscow's an expansion of the crimean peninsula. that is central bank governor will take to the stand to face accuse ations of bribery

u.s. federal reserve open market committee begins two days of meeting last danielle de martino both about it and about other economic indicators to catch up on exactly where the u.s. economy stands and what to expect for the remainder of the year all that directly ahead but first let's get to a few headlines. amazon has come back to win a second round in the battle in seattle on affordable housing we reported here on the push for a so-called amazon tax and seattle to fund affordable housing and homeless services yesterday guest of the show seattle council member seamus to want tweeted that the mayor and city council plans to repeal the tax entirely at a meeting today this is all happening as we were going to air a proposed tax cap that five hundred dollars per employee at companies with over twenty million dollars in local revenues provoked amazon to threaten to scale back a major downtown construction project the tax was then reduced to two hundred seventy five dollars per worker and passed unanimously but amazon starbucks and other large companies led by the local chamber of congress hi

u.s. federal reserve chairman said the case remains strong for more u.s. rate hikes and that means trouble ahead for those countries borrowing in dollars after the end of the global financial crisis rockhold low interest rates in the u.s. meant many developing nations borrowed in dollars now as the dollar rises it's costing those developing countries a lot more to repay their debts for economists it's raising alarm bells. joining us from london is timothy ash timothy is a senior emerging markets sovereign strategist with london based blue bay asset management good to have you with us so whether it's because of a trade war or because of the interest rate hikes in the u.s. is the dollar now set to strengthen fervor was a big question and certainly has been hurting emerging markets against the backdrop of a fed tightening and tighter global liquidity i think the consensus is beginning to emerge that basically the trade wars the dollar probably will end up being a winner from that i mean that's been the view over the last couple of weeks i think helped also by

u.s. federal reserve as we expected discussed yesterday on the program has increased the federal funds rate interest rates by a quarter of a percent to two percent but first we pop star of the show right into a major media and financial news surrounding the a.t.m. t. and time warner merger that was approved late yesterday judge richard leone of the u.s. district court here in washington approved the eighty five point four billion dollar merger between eighty and t. and time warner having a major defeat to the u.s. department of justice the decision allows the birth of a media giant with massive and law to let the coal capacity in creation and distribution of content from sesame street to westworld the president also throws wide open the door to murder more murder media is that a moment when the corporate media landscape is already shifting rapidly and i trust lawyers from the justice department had demanded that both eighty and time warner divest certain assets before merging and soon when the parties barak the chief of the n i trust division now says the office is reviewing the decision in

u.s. federal reserve's raising interest rate decision this week as jeffrey small the president and founder of arbor financial jeffrey thank you for being with us at the end of the week we sure appreciate it a lot of folks expected the interest rate increase but there was more news from the fed that they forecasted they're going to do several more interest rate hikes during the rest of the year what's your take well they've increased the fed funds rate seven times since two thousand and fifteen and the economy is on fire right now i mean the government spending one hundred billion dollars a month more than it collects and there's hundreds of billions of dollars pouring back in the united states because of the trumping economy part yeah they have they have done a good job there's no there's no denying that the economy is pretty much on fire in a good way and balancing that at the fed has been they've done a good job overall with both chair yellen and now with j.p. paul with regard to interest rates jeffrey the consumer price index came out this week showing that it had the increase the faste

u.s. federal reserve chair jay powell who last week said that the jobs picture wasn't particularly rosy and neither of those rallied the precious metals which was odd the gold close yesterday at twelve fifty one was the lowest since december thirteenth of last year as time now for a quick break but hang here because when we return we have a look see at the revenues of the fashion industry with our chief correspondent treaty plus i have a few thoughts about a misstatement earlier today by a top trump in astray should a visual that involves numbers and those numbers to mean something as we go to break here our numbers at the closing bell oil up more than one percent and pushing for seventy five dollars at the closing bell we'll be right back. plate for many flips over the years so i know the game and sorry guys. the ball isn't only about what happens on the pitch for the final school it's about the. passion from the fans it's the age of the superman each kill the narrowness and spending two hundred twenty million on one player. it's an experience like nothing else on to because i want to shar

u.s. federal reserve chair jay powell who last week said that the jobs picture wasn't particularly rosy and neither of those rallied the precious metals which was odd the gold close yesterday at twelve fifty one was the lowest since december thirteenth of last year as time now for a quick break but hang here because when we return we have a look see at the revenues of the fashion industry with our chief correspondent treat them plus i have a few thoughts about a mistake earlier today by a top trumpets in astray should a visual it involves numbers and those numbers to mean something as we go to break here are numbers at the closing bell oil up more than one percent and pushing towards seventy five dollars at the closing bell we'll be right back. and shoot camera. to me once the show and some for the. videos to come.

u.s. federal reserve annual stress tests the fed citing what it called widespread and critical deficiencies in its appraisal of the lender dr was also criticized for having weaknesses in its data capabilities revenue and loss forecasts and its internal controls thirty one of the thirty five banks tested past the test although goldman sachs and morgan stanley were only granted conditional passes shareholders continue to question the overall health of germany's top lender and shares have recently tumbled. well we get more from our financial correspondent daniel coupe in frankfurt the home of deutsche bank no less daniella fadia in the second round at the same time deutsche bank saying that it's implementing reforms what's going wrong. a lot of things are going wrong and yes the lender has struggled to get those reforms through that was also the main reason why the former daughter of banksy or john crying had to leave now because the end the evening is an office since a couple of months he has promised big reforms like a complete restructuring process of the investment banking sector for examp

u.s. federal reserve would be allowed to create money where the treasury ensures yeah exactly so they voted it down but they're aware of it they're aware of the. effects fractional reserve and that money is created by loaning it into existence of there's no there's no collateral banks have no reserves against loans they they they loan more than one hundred percent of reserves of three hundred percent of reserves in the case of deutsche bank they've loaned an infinite amount against nonexistent reserves it's not there's nothing in your bank except maybe some old gum wrappers there's nothing there to collateralize those hundred ninety trillion ponzi scheme of derivatives of deutsche bank that's why it's going to go out of business but nevertheless i want to turn to this other article and it's martin one of one of the chief opinion makers at the financial times wrote a piece an opinion piece saying that the swiss should have practice that they should take the power to create money away from commercial banks because commercial banks have proven themselves to be not good at doing what they're su

u.s. federal reserve would be allowed to create money where the treasury is yeah exactly so they voted it down but they're aware of it they're aware of the. effects of fractional reserve and that money is created by loaning it into existence or there's no there's no collateral banks have no reserves against loans they they they loan more than one hundred percent of reserves of three hundred percent of reserves in the case of deutsche bank they've loaned an infinite amount against nonexistent reserves it's not there's nothing in your bank except maybe some old gum wrappers there's nothing there to collateralize those hundred ninety trillion ponzi scheme of derivatives of deutsche bank that's why it's going to go out of business but nevertheless i want to turn to this other article and it's martin one of one of the chief opinion makers at the financial times wrote a piece an opinion piece saying that the swiss should have practice that they should take the power to create money away from commercial banks because commercial banks have proven themselves to be not good at doing what they're sup

u.s. federal reserve's raising interest rate decision this week as jeffrey small the president and founder of arbor financial jeffrey thank you for being with us at the end of the week we sure appreciate it a lot of folks expected the interest rate increase but there was more news from the fed that they forecasted they're going to do several more interest rate hikes during the rest of the year what's your take well they've increased the fed funds rate seven times since two thousand and fifteen and the economy is on fire right now i mean the government spending one hundred billion dollars a month more than it collects and there's hundreds of billions of dollars pouring back in the united states because of the trumping economy part yeah they have they have done a good job there's no there's no denying that the economy is pretty much on fire in a good way and balancing that at the fed has been they've done a good job overall with both chair yellen and now with j.p. paul with regard to interest rates jeffrey the consumer price index came out this week showing that it had the increase the faste

u.s. federal reserve chairman was almost least interesting. we heard a lot from kuroda and mario draghi. matt: that is true. the most interesting speaker was the least powerful central banker, philip lowe had the most fascinating comments and made the stho-pvoking statements and has the third mandate of worrying about the commonwealth, the people of australia, how they are doing behind this price stability and full employment. the most important comments come from jay powell. he says the case for gradual rate increases at the fed is strong. saying the fed is 100 basis points below the neutral real rate of inflation, and estimate, an art and not a science. saying that he thinks this economy can still add more jobs. unemployment, he thinks the u.s. economy can add more jobs.

u.s. federal reserve.f those people would have expected that 2018, and we still have a fed. granted, they've bought less but still, what, 4.4 and change trillion in balance sheet. yesterday we learned their balance sheet shrunk by 18, 19 billion. sounds like a lot until you think 4.5 trillion with a "t." every person on this trading floor i talked to seems to be taking a position in options, whether they own both puts and calls on the long side or they are selling, being short to premium. no matter how you slice it, every trader thinks that mario draghi on thursday will be the definitive central bank meeting because it's going to be up to him, now that the cat's out of the bag. we all expected -- they've already trimmed their purchases in september supposed to make the next move what will the timeline be? mario draghi certainly wanted to make this meeting coming up a hot meeting and we're all waiting with bated breath. can he deliver that seems to be the topic will his promises to wind down, a, be implemen

u.s. federal reserve stress test essentially american authorities think that deutsche as customers would be at risk if another financial crisis came along. georgia banks u.s. division had passed the first round of the stress test the quantity of section that measures capital levels against a severe recession in the second qualitative round of the test however the fed cited three critical deficiencies for deutscher. weaknesses in its data capabilities revenue and loss forecasts and its internal control systems. the message from the fed the us armed suffers from poor management. the report comes one month after the us deposit insurance regulator added the lender to a list of problem banks. germany's flagship lender has seen its image plummet in the wake of the global financial crisis. ga has now posted a loss for three successive years with its share price repeatedly hitting all time lows. the bank stock is down forty percent this year alone. it remains unclear what the future holds for the american division its new c.e.o. recently announced the unit will be scaling down some of its operation

u.s. federal reserve's today meeting and they got it a quarter point rise to now sit at one point seven five to two percent we announcement from fed chairman jerome powell reflects the economy's resilience the job market strength and inflation that's funny nearing the fed's talk at level but the move what it means that consumers and businesses will face high or low rights over time. and i want to bring in our financial correspondent in new york now yes yes how is this news going down there on wall street. well we see a mixed reaction here on wall street slightly to the downside higher rates are good news for financial institutions so bank stocks for example trading to the upside on the other side higher interest rates or could also drive mortgage rates higher and that does put some pressure for instance on the housing stock so a slight negative reaction on the right decision by the federal reserve and he himself as the rate rises this year. yes the federal reserve is unusually clear on the past looking forward to overall the federal reserve expected for interest rate increases in twenty eigh