U. S. And turkey continues to heat up and its having an impact across all markets in turkey. Dollarlira is up by 2. 4 . We saw a 6 rally earlier during the thin liquidity trading but now we are well off the highs of that session. The stock market continues to get hit come off by 3 and airlines are really week in turkey. You wind up having a monster selloff happening in the bond market. Are seeingt, you some buying an outperformance in spain. David it is time for the morning brief. We have a big week ahead starting with a Parliament Meeting today. Tomorrow is the meeting with the imf and world bank. We will get Bank Earnings from jpmorgan and wells fargo thursday and on friday, we will get u. S. Economic data including cpi and retail sales. On top of all that, markets will continue to watch the growing tension between the united turkey. Nd over the weekend, both countries suspended granting of these is for one anothers us citizen to visit and the lira and turkish stock market took a hit
So, he trusted them too much, it turned out. Sunday night at 8 00 eastern on cspans q a. Next, economic scholars and banking experts discuss Monetary Policy and the impact of past Federal Reserve actions on small and large Financial Institutions. This was held by the American Enterprise institute. Its about an hour and 45 minutes. Good morning and welcome to the American Enterprise institute. This morning we have a very interesting policy session entitled how has a decade of extreme Monetary Policy changed the Banking System . Weve assembled a panel of experts, who well introduce you to in a minute. But before that, let me just set the stage here. As you all know, the financial crisis changed the Banking System. The resolutions that happened in the crisis integrated commercial and Investment Banking like never before. These resolutions created todays too big to fail institutions. The crisis led to greatly expanded fed emergency liquidity support. The fed became the lender of first reso
Experts who well introduce you to in a minute. But before that, let me just set the stage here. As you all know, the financial crisis changed the Banking System. The resolutions that happened in the crisis integrated commercial and Investment Banking like never before. These resolutions created todays too big to fail institutions. The crisis led to greatly expanded fed emergency liquidity support. The fed became the lender of first resort instead of the lender of last resort. T. A. R. P. Temporarily nationalized the Banking System, and the Congress Passed the dodd frank act to extend post t. A. R. P. Control over the system. It gave regulators extensive new powers and responsibilities over the Financial System. Deposit insurance limits increase by a factor of twoandahalf, and the slow recovery triggered fed qe stimulus, which created massive Bank Reserves, which required new fed operating procedures. So this morning, were going to discuss all these changes with a panel of experts. And
The stouter aside a sad moment for consumers consolidation in the enron industry means some routes set to get pricea without doubt a sad day for the Airline Staff as well but the trustee of the bankruptcy says the bulk of jobs could be saved so for now their future remains up in the air. And its a bitter end for many air berlin employees and some are not mincing their words about c. E. O. Thomas. Do you agree. Before you just leave the. Money. In the. You know even though took the helm of air berlin earlier this year is guaranteed at least four point five million. Urals and thousands of employees are furious that they are being left high and dry three out of four of the eight thousand air berlin employees will lose their jobs look tons and two german states declined funds to guarantee employment for a few months more customers may also get a road deal. Felt by consumers less on offer less flights offer over time that gap will be partially filled by mainly by lost tons and tons as low c
Set to get pricea without doubt a sad day for the Airline Staff as well but the trustee of the bankruptcy says the bulk of jobs could be saved so for now their future remains up in the air. Too and its a bitter end for many air berlin employees and some are not mincing their words about c. E. O. Thomas. Louis freeh. Before you leave the. News. In the. You know even though took the helm of air berlin earlier this year is guaranteed at least four point five Million Euros of bad thousands of employees are furious that they are being left high and dry. Three out of four of the eight thousand air berlin employees will lose their jobs look tons and two german states declined funds to guarantee employment for a few months more customers may also get a real deal. They felt by consumers less on offer less flights on offer over time that gap will be partially filled by mainly by lost tons and tons as a low cost affiliate euro wings and possibly by easy jet or commodore but negotiations are ongoi