Chaos cuckold for such a splendid chance of the people threatens the old order. The start of an era that defines our modest. 97. 00 a big clue to todays steps december 23rd. Waiting for an end to the trade war a deal between china and the us could take far longer than expected as President Trump now suggests it can wait until after the u. S. Election investors are not happy. Also on the show when a surprise appearance facebook c. E. O. Mark zuckerberg goes on the record asking well. Coming government regulation. Inflation in syria spirals out of control due to the war making food imports impossible to afford. And it was a showcase project for china in africa so why is the Mombasa Nairobi Railway struggling to attract customers. For business on the w m how you know i guess its good to have you with us wall street saw a tough trading day as u. S. President donald trump alarmed investors by saying that a trade deal with china may have to wait until after the 2020 president ial election on
hello there. we begin in the us where, in an extraordinary move to contain panic in the banking system, 11 of america s biggest financial institutions have agreed to a $30 billion bailout for first republic. shares in first republic plunged, as investors worry that it could be the next to fail. it follows the stunning collapse of two other specialist lenders, including silicon valley bank. samira hussain reports from new york. the collapse of two us banks have spooked investors who are now left wondering which bank could be the next to fail. that s been putting a ton of pressure on smaller regional banks. depositors at first republic have withdrawn billions of dollars and the regional banks share price has been cut in half. now the biggest of the american banks have stepped in, led by the likes ofjpmorgan and citigroup, 11 companies have agreed to make $30 billion of uninsured deposits in first republic. they have done this in the hope that it will be enough to shore up conf
protection in the united states, while it seeks buyers for its assets. that s hot on the heels of its subsidiary silicon valley bank being taken over by us regulators and the british arm of the same bank being bought by hsbc. separately, in an extraordinary move to contain panic in the banking system, 11 of america s biggest financial institutions have agreed to a $30 billion bailout for first republic, a regional us bank based in san francisco. here s samira hussain in new york. good to have you with us. explained this bankruptcy protection, how significant is it for svb financial group? it significant is it for svb financial . rou . ? ., , significant is it for svb financial u-rou? ., significant is it for svb financial a-rou? ., .,., significant is it for svb financial u-rou? ., . , , , , group? it wasn t a total surprise that svs, group? it wasn t a total surprise that svs, the group? it wasn t a total surprise that svb, the parent group? it wasn t a total s
Last month the Israeli Government has said it holds gazas hamas leaders responsible for all attacks against israel. As you the port for tax which has left millions of north americans shivering for days shattering century old temperature records is slowly losing its a secret but economists say the light threatening weather. We eventually cost the us economy around five billion dollars turning back delicate green shoots it grow. At least twenty one people have died as a result of the weather and more than eleven thousand flights have been grounded. Forecasters predict the weather could return to normal across much of the us in the coming days after fifty u s cities set new record low temperatures on tuesday making it the coldest day of this entry in the us. I am the rich and aunt j and more. Though. It is. Guy. The theres a lot of good talk about the target deletion chips between the jewish settlers and the palestinians in the west bank. However we found out that there are many exception
Good morning. Thank you for joining us today. Lets get you up to speed with the latest ephone numbers that are crossing. It gives us a snapshot of the Business Economy in german. German Current Conditions index is at 110. 1 in july, versus the consensus which was sitting lower than this at 109. 7. Number coming out better than expected on that rate. In terms of what were seeing elsewhere on the other numbers, the german Expectations Index of 102. 4 in july, this is versus what the market was expecting at 102. 5. So this number coming in a little lower on that side. Just on the local expectations. Elsewhere, no revisions to the june indices. Lets dive into this and get the earnings reaction. The euro dollar tracking firmer today and ticked a little higher as well. 132. 19 is what were looking at. Joining us on the phone from munich is a researcher at ifo and annette joining us on the line from frankfurt for instant reaction too. Give us a sense of the key standout points. We have seen a