Governor powell gave he outlined a few principles for Housing Finance reform. As part of the discussion he explained it was important to do three things. To do whatever we can to make the possibility of future housing bailouts as remote as possible, to change the system to attract large amounts of private capital, and to identify and build upon areas of bipartisan agreement. Do you agree with these principles . Yes, i do, chair. I would support the principles that governor powell put forward and its something that i hope that congress will move to in the near future. I know the answer but like to have you say it do you agree with the urgency he expressed and many of us expressed about the need to act . Yes. I mean its been almost a decade since fannie and freddie were moved into receivership and the role of the government in the associated Systemic Risk remains important to move forward with reforms. There appears to be growing Consensus Congress should consider changing the 50 billion
Samsung. The share price doing well. 9432,s chart number judges delivering of verdict in this graph to trial of jay y. Lee. Prosecutors requesting a 12 year sentence. They say they paid bribes to the confidant of the then the south korean president to secure governor support for the merger of affiliates. This has largely been ignored by investors. The kospi up 16 from august. It is an important stock. ,he percentage of total kospi the market cap, 18 s or thereabouts, so does dictate in some sense where the kospi goes. That is what we have at the moment. Haidi absolutely. We will be watching the outcome of that verdict. Has been the teflon market despite geopolitical concerns over north korea, samsung the ultimate teflon start despite concerns ongoing. We are 30 minutes from the open. , not aht, like volumes lot for investors on the macro front. Everything is converging on jackson hole. Lets look at asian markets. Unsurprisingly we are seeing a Holding Pattern ahead of janet yellen and
Facing you, challenges are made to strengthen you. Theres nothing you can will disturb you, but if you dont have the challenge, you are not pushed by anything to be better than you are. So im talking about nigeria, all a new government came in one year, two months back. All the economy problems will disappear, all the problems will disappear, its not possible. Check what is happening and so far they are tackling the main problem of the country which is corruption. People claim no. Im not speaking about that. But its everybodys fight. We are totally with the government on this issue. Theres no going back. Not for anybody in any official authority to support. For the last two years we never haded any, we never had so much amount of money to share within the state of nigeria. Every month we have different accounts. Now we now share to the other states. Last month we had very, very high amounts to share with the states. Nobody made a comment about it. When something good happened, nobody c
Program everybody. This is countdown. I am anna edwards. Let us start with what is happening in u. S. Interest rate markets. What expectations there are around the fed and around Janet Yellens speech at jackson hole today in wyoming. I will pull, the work function of working at the probability of a rate hike factored into markets, the probability for september, 21 september, 32 . That is the probability of a rate hike, increasing to 57 on december both of those numbers have been creeping up, if you go we actually saw the doubling of the chances of september hike. They had been moving slowly back, suggesting that increasingly investors are factoring in the possibility at least of a rate hike in september. Let us get the risk radar, waiting for Janet Yellens speech and wyoming, 3 p. M. London time. This is very are on various Asset Classes, msci asianpacific down to percents of 1 . Nearly twoweek low. The dollar against the yen fairly flat, yen fluctuating in the wake of that japanese in
Washington with the details. Reporter good evening. Investigators believe eight of the 17 burglaries happened here in Port Washington. Now they say they have the man they have been looking for. Look at this mugshot now. This is 31yearold [ non english language ] he is a server at an upscale manhattan restaurant. He lives on bay parkway in brooklyn. He is now charged with 17 counts of burglary. He is a us citizen originally from the country of georgia. He is accused of stealing jewelry, purses and 30,000. He was initially arrested on february 20 charged with three counts of burglary then after investigators obtained a search warrant to obtain his apartment finding stolen items that connect him to 14 more cases. Today he was arraigned on the additional counts of burglary. This defendant has been charged with 17 counts of a c felony for each charge. He entered through a rear door or window. The most probably vulnerable part of your homes. We urge all residents to secure their property. Re