u.s. federal reserve bank is raising interest rates it's interesting that you mention the u.s. federal reserve there as contributing to some of this crisis and so it's not actually this time trade policy trumps trade policy that is causing this turmoil. trumps trade policy contributes a little bit here and there but it is not one of the major causes of this particular turmoil for instance drums tweets against turkey do play you wrote in the extent of the devaluation of the turkish lira but they are really not the reason for that and how real is the risk of contagion to other markets there is some risk of contagion however contagion to be confined to those emerging markets that are fairly vulnerable again the vulnerable ones are those with significant dollar debt and with significant current account deficits which means they are to some extent living beyond their means other countries such as those which have little dollar debt and which are exporting more than they import those other countries should be mostly safe i think we do have to ask the question as well you know we're no

u.s. federal reserve bank is raising interest rates it's interesting that you mention the u.s. federal reserve there as contributing to some of this crisis and so it's not actually this time trade policy trumps trade policy that is causing this turmoil. he contributes a little bit here and there but it is not one of the major causes of this particular turmoil for instance drums tweets against turkey do play you wrote in the extent of the devaluation of the turkish lira but they're really not the reason for that and how real is the risk of contagion to other markets there is some risk of contagion however contagion to be confined to those emerging markets that are fairly vulnerable again the vulnerable ones are those with significant dollar debt and with significant current account deficits which means they are to some extent living beyond their means other countries such as those which have little dollar debt and which are exporting more than they import those other countries should be mostly safe i think we do have to ask the question as well you know we're not just talking abo

u.s. federal reserve it was the federal reserve that stepped in. to actually keep the economy going because the situation that you outlined was a such as that none of the banks trusted each other and nobody. everybody was saying what sort of toxic assets do you have somewhere in your basement that that might actually have you go under and so i'm not going to give you any money or any more but if there's no money if there's no liquidity economies don't work so that's when the fed stepped in and eventually the european central bank stepped in to keep the financial system to keep economies essentially afloat and that's what the what the c.b.s. been doing up to this day even though they're now scaling back on these on these programs. begs the question you know a decade is a long time but do they get it's not and have we learned our lessons i mean could could something like lehman brothers could something like that happen again well financial crises happen over time they will reoccur obviously and i mean some things have changed along the way but then w

u.s. federal reserve has said that on the such circumstances it would continue to raise interest rates. now for more let's cross over to our wall street correspondent scored against which affected the markets more on friday the jobs figures or donald trump's threats to potentially hit all chinese imports with tariffs. yeah the story that u.s. president donna drum been actually might impose more tariffs on china that was really the big story here on wall street and at some point good jobs lost a good one hundred fifty points in value even if we could recover a little bit when the market closed but what would it mean if u.s. president really wanted to kick in another two hundred sixty seven billion dollars in tariffs that would mean that basically more or less all goods imported from china will see a tariff and as we are learning maybe even some apple products might be involved so that was the big story here on friday night and let's take a look at tesla shares plunged today that as footage of footage emerged of c.e.o. elan musk smoking pot in a web cast any connection there. oh well cert

u.s. federal reserve says argentina holds the largest amount of dollars per capita to the u.s. but the majority of that wealth is deposited in foreign accounts what's more a university of buenos aires study says argentina is the latin american country with the devaluation of the currency has the greatest impact on inflation. guesstimates regarding exchange rates go up or the peso loses in value the world expects prices to go up as well because everyone expects they do what. brazil chile colombia and peru have all seen their currencies depreciate in recent years but with less impact on consumer prices in argentina with its already high inflation rate of around thirty percent the prices for food energy transport and technology have become significantly more expensive recently. plus doing business with. the i'm going. to cut. cut cut cut cut cut. cut cut. cut. cut cut cut cut cut. cut cut cut her in. place the fear of cliches her source of how many europe's young wine growers have needs or. risks for peace and fresh ideas their help to tickle challenge. and shake up the market. fo

u.s. federal reserve says argentina holds the largest amount of dollars per capita after the us but the majority of that wealth is deposited in foreign accounts what's more a university of buenos aires study says argentina is the latin american country with the devaluation of the currency has the greatest impact on inflation. for most of the network estimates regarding exchange rates if they go up or the peso loses in value the world expects prices to go up as well and because everyone expects they do what i want to buy you but you know that nobody and brazil chile colombia and peru have all seen their currencies depreciate in recent years but with less impact on consumer prices in argentina with its already high inflation rate of around thirty percent the prices for food energy transport and technology have become significantly more expensive recently. the fragile ecosystem and the gulf of bashes heavily polluted by. wastewater it's the set off the country's phosphate industry which has been a brain on the environment on and off for years the european union is now helping to revive the region.

u.s. federal reserve looks set to raise its key interest rate again the european central bank on the other hand is not ready to take that risk in fact the e.c.b. is still in crisis mode with its zero interest rate policy known. still comes to virtually nothing some fear of the accumulated corporate debt could trigger the next global financial crisis. all the money that was borrowed has to be paid back if interest rates go up repayment will be more expensive and may have to be countered financed with new jet if that gets compounded by an economic downturn many companies could find themselves in a tight spot. so unlike ten years ago it's not the banks that are in trouble but the company so are we heading into the next crisis let's ask such a banking expert and professor at the frankfurt school of finance and management good to have you with us to tell me how worried should we be about to the enormous corporate debt. i think given the large amount of debt this is definitely something that regular as a regulator should have an eye on and watch closely but i think we need to know more important

u.s. federal reserve has said that under such circumstances it would continue to raise interest rates the governing board is set to meet at the end of this month's. well how did that go down with investors i also find national correspondent to wrap up the week on the markets for us. the trade. there may be unsettling investors but the u.s. economy are now coming along. growth substantial in august but they're not. showing two hundred one thousand new jobs created that's why many more than expected what contributed were a broad range of sectors from construction to wholesalers to business services healthcare also good news from the point of the u.s. economy wage increases it was the largest annual increase over nine years an annualized point nine percent now that the u.s. economy is doing well for the dollar up of response go on wall street the dow going down slightly one. hundred one up the dollar going up going down and that's helped a german i hear. great training of the u.s. labor market. opened its plan to the porter city of pas naaman one thousand nine hundred three cost a billion eu

u.s. federal reserve is probably going to increase interest rates by the time since the december twenty fifth and then also earning season real snowy begin sold well certainly a lot to look out for for the next couple of days and weeks his call to new york thank you very much for the analysis and have a great week and. we stay in the subject at least from wall street wells fargo plans to slash up to twenty six thousand jobs over the next three years as a grapples with the rise of online banking and soaring legal bills the u.s. third largest bank has been under multiple clouds of scandal starting in twenty fifteen when it admitted its employees had opened up millions of fake bank accounts to meet unrealistic sales goals wells fargo also sold auto insurance to borrowers who did not need it regulators have find the bank more than one point two billion dollars in penalties for its bad behavior currently wells employees two hundred sixty five thousand people. the german government has decided to tackle a drastic sure it's affordable housing in the country chancery has set out a raft of measures to

u.s. federal reserve has raised interest rates for the third time this year and signaled that more hikes willome. chairman jerome powell said the american economy is strong but acknowledged that challenges remain. >> our economy is strong area growth is running at a healthy clip. is low.ment the number of people working is rising steadily. and wages are up. inflation is low and stable. all of these are very good signs . of course, that is not to say that everything is perfect. the benefits of this strong economy have not reached all americans. itsette: hsbc has raised main lending rate in hong kong for the first time in more than a decade. the move closes off an era of ultralow borrowing costs that sent property prices skyrocketing. the london-based bank boosted its best lending rate hours after the hong kong monetary authority raised it is mark interest rate by what he five basis points in line with the fed. u.s. president donald trump has said he and his chinese benterpart will -- might not friends anymore. he accused beijing of trying to interfere in november's midterm election. you made a

u.s. federal reserve has raised interest rates for the third time this year.ected andwidely seen as the fed's to stop inflation from creeping up. rethe economins a strong end of said board members and signaled that there could be another rate hike before the end of the year. the libyan coast guard just told the bbc that the age sps of their coastlines only encourage migrants to make the ris journey across the mediterranean. the agency says that it is putting lives at risk. the death rate has gone up even as the numbers trying to make the journey have gone down. reports now from the libyan capital. a land of oiments. and these peopleng are fee particularly hard done by. these are the migrants you do not oftehear about. othey have given up trying to reach europe and they are heading back home to nigeria. some could not find the money to pay smugglers, others were rescued by the libyans froeathe mediterrwhen their boat capsized. all have had enough. their babies, bags, and the dreams in tow. we came across this group of young men. among them, a medica technician,

say that as well but here i'm going to read you some actual data from the kansas city federal reserve as part of the u.s. federal reserve system and they say the amount of oil they produce in the second year of a fact well is drastically smaller than the amount produced in the first according to an economist at the kansas city federal reserve production on the average well on the back and a key area for fracking shell in north dakota declined sixty nine percent in this first year and more than eighty five percent in its first three years a conventional well might decline by ten percent a year for fracking operations to keep growing they need huge. vestments each and every year to offset the decline from the previous years well while this is going to require a massive bailout so in other words in two thousand and eight the banks over lend it and they get bailed out the creditors got bailed out here they're fractures over wracked with too much borrowed money and they're going to need a massive bailout bill because there are systemic lee important they'll be considered an industry that we can't let go unde

u.s. federal reserve will increase interest rates the eighth time since december 2015.also, earnings season will slowly begin. certainly a lot to look out for for the next couple of days and weeks. reporter: thank you for the analysis, and have a great weekend. good news for one of the banks. wells fargo plans to slash up to 26,000 jobs over the next few years as it grapples with the challenges of online banking and legal bills. they have been under numerous legal scandals since 2015, when they admitted their employees opened up fake bank accounts to meet unrealistic sales goals. wells fargo also sold all their -- also sold auto insurance to borrowers who didn't need it. currently, wells include -- wells employs 265,000 people. the immigration seven -- the immigration situation in europe was high on the agenda at the austrian summit on thursday. the big challenge, how can millions of myron -- millions of migrants the integrated into european societies? most experts agree the key is to get them into work, and quickly. very often, small businesses are leading the way in t

u.s. federal reserve open market committee concluded two days of meetings this afternoon and will increase interest rates by twenty five basis points to a target of two point two five percent they also said that they are on track for one more rate increase yet this year and potentially three more in twenty nine t. the fed also expects the u.s. economy to continue to grow at a steady pace throughout twenty nineteen with a growth rate of two point five percent before slowing to twenty twenty to two percent one terrace fed chair jay powell said if trade agreements were worked out it could be a good thing for the economy in the u.s. but he had knowledge of current circumstance yeah. that being in landfills and i think what came out of this. segment is that. reputation for companies is going to matter for consumers in future and in order to stay in business consumer. companies are going to have to be really transparent about they supply chain really transparent about the waste and the companies that can find solutions and communicate that to their customers are the ones that are going to stand

u.s. federal reserve aren't keeping rates low anymore and that's lending support to the dollar so as the dollar rises it's now costing those emerging markets a lot more to repay their debts and what about wall street well stock markets of tripled in value since the crisis but it's tech stocks which have replaced financials as the new masters of the universe so if another crisis is brewing where will it come from zero scott high the reports from hang joe where part of china's massive shadow banking system as recently faced a crisis of its own and some aspects a similar to what happened in two thousand and eight. at thirty two focuses all her attention on building her wealth this motivation she says comes from growing up with very little. money is very very important to me because money come bring me the sense of security i don't want to live poor again. living in hung joe joe embodies the entrepreneurial spirit in the city known for its financial technology industry and home to e-commerce giant ali baba but she and millions of other people in china have lost the billions of dollars after investi

u.s. federal reserve system the fed in new york high ranking representatives from the banking industry are tasked with keeping lehman brothers afloat the u.s. secretary of the treasury has made it clear that the u.s. government more paying a cent he thinks one of the banks at the meeting should take over the ailing financial giant to our interest at the bank of america and barclays accountants and lawyers get to work poring over the lehman brothers books how much is the investment bank really worth. i didn't know anything about the meeting when i left the trading floor on friday of course i knew we were having problems. i met up with colleagues after work and that's all we talked about we were sure everything would work out lehman brothers was so huge the government had to step in and help out. the next morning i needed a break from the whole thing so i went cycling with my husband in central park i even turned off my blackberry something i never do. so luisa didn't know that bank of america had withdrawn its offer to buy lehman brothers all hopes were now set on barclays the british bank

u.s. federal reserve looks set to raise his key interest rate again.he european central-bank, on the other hand, is not ready to take that risk. in fact, the ecb is still in crisis mode with its zero interest rate policy. loans still costs virtually nothing. some fear the accumulated corporate debt could trigger the next level financial crisis. all the money that was borrowed has to be paid back. if interest rates go up, repayment will be more expensive and may have to be counter financed with new debt. if that gets compounded by an economic downturn, many companies could find themselves in a tight spot. ben: over to sophie scimansky. sophie, what is with wall street 10 years on since the lehman brothers collapse? has anything changed, in your opinion? sophie: well, i would say some things have changed. the banks may be a little more stable some experts say, but there are other problems, as we just heard. corporate debt is at a record high, and american corporations are exposed to higher costs if they have to refinance their debt. it might open the --

u.s. federal reserve raised interest rates it's pretty much to be expected but let's be clear much of this drama was actually precipitated by our own president's trade crackdown and he pretty much i think added gasoline to the fire so we'll see how this plays out global trade tensions political election uncertainty in latin america you know countries and strengthening u.s. dollar have all contributed to the seven percent decline according to the m.s.c.i. emerging markets index of about seven percent as august thirty first year to date and john specifically with regard to turkey with this growing you know five point two percent second quarter g.d.p. it's a seven point one percent in q q one at seven point three last year i mean those signs are great on growth i mean so what is it inflation or what else is the problem in turkey that's causing the lyric to die. so deeply. well i mean you know emergency emerging markets had a great two year rally in fact two thousand one hundred two thousand sixteen i think it's safe to say if you were in u.s. stocks you didn't need to be invested anywhere els

u.s. federal reserve has raised interest rates for the third time this year.ignaling that more hikes will come. jerome powell says the american economy is strong but it knowledge is that challenges remain. >> our economy is strong. growth is running at a healthy clip. an appointment is low. the number of people working is rising steadily. which is a rep. inflation is low and stable. all of these are very good signs. that's not to say that everything is perfect. the benefits of this strong economy have not reached all americans. executive has weighed into the debate about how it handles the companies advise. taking aim at whatsapp co-founder as low class. he left facebook almost a year ago and told forbes magazine it was because of conflicts with mark zuckerberg. david markets has said the relationship with founders are empowering and offer unprecedented attack me. -- autonomy. argentina has won a promise of .xtra class -- cash it is a record bailout to help the company -- country pull out of recession. will also deliver more of that cash up front in return. th

u.s. federal reserve has raised interest rates to a range between two and two and a quarter percent the hike is the third this year and it's been spurred on by stronger g.d.p. growth which hit four point two percent last quarter the fed has been slowing tightening its monetary policy over the last several years marking an end to its efforts to support the u.s. economy after the financial crisis the hike is a vote of confidence in the u.s. economy despite uncertainty on world markets and the trade conflict with china the fed also signaled there might be another rise coming this year and up to three percent next year. the international monetary fund has agreed to boost its loan to argentina the crisis package will be increased by seven billion dollars for a total of fifty seven billion dollars says i.m.f. managing director christine lagarde also part of the deal is that argentina will receive some of the funds earlier than scheduled in a bit to restore confidence in its struggling economy the argentine peso has lost half of its value currency markets since april with the economy caught in a vi

u.s. federal reserve has raised interest rates interest rates to range between two and two and a quarter percent the raise is the third this year and it's been spurred on by stronger g.d.p. growth which hit four point two percent last quarter the fed has been slowing tightening its monetary policy over the last several years mocking an end to its efforts to support the u.s. economy after the financial crisis the hike is a vote of confidence in the u.s. economy by fed policy bosses despite uncertainty on markets the trade conflict with china the fed also signaled so there might be another rise coming this year and up to three next year. well here in europe temperatures dropping after a scorching summer it's time then to wrap up in your favorite woolly garments but what does a drought in australia have to do with the cost of your winter wardrobe quite a lot as it turns out. hungry lambs a dried stricken farm in the eastern states of new south wales astray produces ninety percent of the world's merino wool exports. but after one of the driest seasons on record many sheep farmers are struggling to k

u.s. federal reserve says argentina holds the largest amount of dollars per capita after the us but the majority of that wealth is deposited in foreign accounts what's more a university of brain or sorry study says argentina is the latin american country with the devaluation of the currency has the greatest impact on inflation. for most of pick that the number of guesstimates regarding exchange rates go up or the peso loses in value the world expects prices to go up as well and because everyone expects they do what they want to buy new video that nobody and brazil chile colombia and peru have all seen their currencies depreciate in recent years but with less impact on consumer prices in argentina with its already high inflation rate of around thirty percent the prices for food energy transport and technology have become significantly more expensive recently. though this week marks the tenth anniversary of the collapse of lehman brothers one of the biggest investment banks and the wealth but clearly not too big to fail on the fifteenth of september two thousand and eight saleman brothers filed fo

u.s. federal reserve and congress comes to our rescue again and even starts buying our stock so that we're always made whole the internet basically they're suggesting that internet should be monitored that maybe twitter might be dangerous in this situation if people can speak if people can gather and people can know the truth about what's happening exactly so nine hundred sixty eight was a seminal year yes if a well known very well rise up again well we'll see those there on a harrowing. hey we got to take a break but when we come back more fun. because the swarms of them so moving. to bed us who was before. much of those who heard it's a preview are. slim with the north we will we're going to. move. move. move show didn't look beautiful i mean it's going to look good. move slow most of these girls will give you films for good girls. go to shows look but look the same you believe this will be stored to you should go. to starbucks to take it to need to fill it with the little missed dates to look it is it's. just testing understand just need to mount the mashed on truck stop the president a

the federal hat -- the federal reserve has to be happy with the evolution of the u.s.my, despite some uncertainty with respect to trade. it is unlikely they will raise their. lots. that would be clearly hawkish and something that would be premature. it is a foregone conclusion that they will raise rates. more than anything, they will show more conviction in 2019. vonnie: what about the longer one? will it go to 3%? >> it is clearly a risk. they have an estimate of where neutral real rates should be -- when inflation rises. i think they will buy time, get more confidence in their outlook. happy witho be very the economy to date. i don't think they will change their line. guy: are we getting close to neutral? >> we believe so. we don't believe they will change the language tomorrow. however, we do think they will do it in december. isn the federal funds rate at least above the rate of core inflation, we start to enter some restraint -- somewhat more restrictive territory. ultimately, we see the evolution and commentary in the first quarter 2019. the federal reserve start

u.s. federal reserve open markets committee concluded two days of meetings this afternoon and will increase interest rates by twenty five basis points to a target of two point two five percent they also said that they are on track for one more rate increase yet this year and potentially three more in twenty nineteen the fed also expects the u.s. economy to continue to grow at a steady pace throughout twenty nineteen with a growth rate of two point five percent before slowing to twenty twenty to two percent one terrace fed chair jay powell said if trade agreements were worked out it could be a good thing for the economy in the u.s. but he had knowledge that current circumstance there are risk and said that if no agreements are reach widespread tariffs would be bad for the economy american workers and their families and others. and we now move to discuss a circular economy to do so we are pleased to be joined by our south african friend from davos tracy chambers the c.e.o. of the clothing bank was fresh from the united nations sustainable goals summit tracy so good to see it thanks for being

u.s. federal reserve says that the trend is due to concerns about washington and beijing so ongoing trade dispute so far the effect of the terrorists has been modest but it has boosted some production costs according to the fed several american companies want that further terrorists could hurt their businesses after u.s. president's done us trump said washington was ready to post terrorism all chinese imports on wednesday the u.s. government proposed another round of trade talks with beijing. and buson and today out site the very bullish front foot stock exchange can probably tell us whether those talks between the u.s. and china are a sign of hope for the markets. sure money every little indication that the u.s. administration not only tweets but also is getting ready to do serious government business is a sign of hope quite obviously all the lobbying off american businesses has had some impact on the trump administration only yesterday sixty u.s. industry groups formed a coalition called americans for free trade and this is a coalition of course wants to influence donald trump and his a

u.s. federal reserve aren't keeping rates low anymore and that's lending support to the dollar so as the dollar rises it's now costing those emerging markets a lot more to repay their debts and what about wall street well stock markets have tripled in value since the crisis but it's tech stocks which have replaced financials as the new masters of the universe so if another crisis is brewing where will it come from zero scott high the reports from hang joe where part of china's massive shadow banking system has recently faced a crisis of its own and some aspects a similar to what happened in two thousand and eight. at thirty two focuses all her attention on building her wealth this motivation she says comes from growing up with very little. money is very very important to me because money come bring me the sense of security i don't want to live poor again. living in hung joe joe embodies the entrepreneurial spirit in the city known for its financial technology industry and home to e-commerce giant ali baba but she and millions of other people in china have lost the billions of dollars after inve

u.s. federal reserve and j.p. morgan chase was more than thirty. billion u.s. dollars pulled the bank back from the brink. but the crisis was far from over. wall street's money making machines were crumbling when i went to the office and i heard the bear stearns was sold to j.p. morgan i don't very very cheap price it was shocking it was astonishing it was unbelievable how this happened how quickly that's when we realized that these investment banks actually may have taken excessive risks and now these interests are actually coming up and coming back to bite it was a watershed event rights or anyone stop trying to buy forty eight percent that sent a signal that there was more to car suddenly of the entire sort of stock market back a bit people investment portfolio there were also i believe you know in the reds. dr soon which aggarwal who was formerly working at bank of america had now become a senior financial economist at the chicago federal reserve and regulators like him what worries so immediately at the federal reserve and we started looking at what are th