Banking, payment, accounting, and financial infrastructures. The work was enormous. And here i must take off my hat to the exceptional dedication of the staff working in d. C. Then we had the asian crisis. It was a very different kind of episode. We had Central Banks there. They were severely tested in the affected countries. We had a few false starts in some cases. You may remember them pretty well. Also, decisive stabilization measures. More important probably are the lessons which were learned from them, by them and by the imf, in that occasion. One was that financial vulnerabilities can even be when macroeconomic fundamentals appear sound. This was the surprise of that moment, one of them. Another was that the risk from large and volatile capital flows create larger Foreign Exchange offers. We had some difficulty in convincing our membership that you had to add a zero to the numbers of our loans in several countries. We had some problems with that, but we did it. Then we had the ch
Impact that david was talking about. I think that theory would make more sense if they issued decisions on friday, which might get lost. But i dont think it applies to thursday decisions, which is what they typically do these days. That was good pr advice from the clerk back in the day, but i int inc. I attribute that dont think i attribute that to why monday. Gentlemen, you said something about the difference between being upstairs in the courtroom and downstairs in the press office. Can you tell us about what that differences and how you make the choice . I am in a lucky position that i have a partner who is very fast and handles our on the spot copy. Copy ofte he can get a the opinion, he runs to his terminal and types of what happened. He has prewritten what we call snaps which are like urgent lines that will go to our customers. That gives me the luxury of being in the courtroom. And i worked for usa today the washington post, i could do it all the time. But that was before we had
It is an exclusive you wont see anywhere but on cnbc. As you were saying a positive month but ending with losses with the dow and s p 500 down for the third time in four days now. The nasdaq down for a fourth straight session. It is currently off by over 1 . The major averages up however, for the month of april. Having their biggest drops today, though since april 17th which is approximately two weeks ago. Check out oil, though having its best monthly gain in six years. Crude is up more than 24 over that period. Bertha coombs is at the nasdaq jackie deangeles at s p. Bob, is there something more to this . I think the problem is we have continuing concerns about the inability to get earnings up significantly. Were flat but not moving up very much. I think we would have ended april last week because youre right, we havent had any energy at all this week. Look at the s p 500. Were to the downside and moving sideways and were at the lows for the week. Really were having a lousy week overal
Israeli air strikes continued in gaza. This is video of secondary explosions when an hamas weapons depot was hit. Michelle carusocabrera, our chief Foreign Correspondent is watching reaction at the nyse. Michelle . That pushed the dow to the highs of the session. The announcement of the ceasefire got us another 25 points. We have come off the highs, 12,839 is where the dow stands right now, higher by more than 50 points,. 4 . President obama reportedly just spoke with israels Prime Minister benjamin netanyahu. John harwood joins us now. John, what can you tell us . The white house had a lot at stake here by sending Hillary Clinton to try to get this resolved. Reporter absolutely. And this is the result that president obama had in mind when he sent Hillary Clinton from that asian trip that he was on to try to broker a ceasefire. But its only a ceasefire. It is only one step. There is a long way to go. The administration of course is caught between support for our traditional ally israel
Switch on the worlds most famous Christmas Tree today. Wednesday, december 4th, 2013. Announcer from nbc news, this is today with matt lauer and Savannah Guthrie live from studio 1a. Good morning. Im matt lauer. And im Savannah Guthrie. What is tall and bushy . No, not matt lauer. It is the Christmas Tree. All four of us set to do the honors. We have a great show planned. And were glad youre back. No, thanksgiving hangover lasted a long time. Just kidding. I had a stomach virus. Im not contagious. We should mention the weather not too bad for the Tree Lighting. Upper 40s and 50 degrees. Perfect. The weather not so great in other parts of the country. The top story is a monster storm impacting millions of people across many parts of the country. Nbcs Miguel Almaguer is in denver this morning with parts of that. Miguel, good morning. Reporter matt, good morning. 32 million americans are impacted by the storm, but it is not what you see which is the steady snow which is dangerous, but wha