punter president erdogan claiming victory, as yet not officially announced, but to all intents and purposes, that seems to be the case. we have seen the opposition candidate kemal kilicdaroglu also giving a speech and he was strongly worded but he did not explicitly admit defeat. let s speak to arda tunca. he s a columnist and economist at politikyol. we have talked a lot in recent days and weeks about the turkish economy and weeks about the turkish economy and it has been that hot button issue for the politicians and the daily issue for turks. what is the state of the economy? what is it like on a daily basis, living in turkey? it like on a daily basis, living in turke ? , ., ., ., ., ., turkey? it is hard for a lot of eole turkey? it is hard for a lot of peeple in turkey? it is hard for a lot of people in turkey turkey? it is hard for a lot of people in turkey but - turkey? it is hard for a lot of people in turkey but the - turkey? it is hard for a lot of l people in t
to hear her first here outfront. plus, the collapse of the second largest bank in american history that happened in the span of 48 hours and is affecting the entire banking industry and perhaps beyond. i ll speak to the ceo of a company whose money was with that bank, got a call from a panicked investor to get out now. you ll hear what happened. and the president of a little known group of islands calls out china s xi jinping accusing china of bribery, personal threats to his safety, all over xi s potential invasion of taiwan. good evening, i m erin burnett. outfront tonight, executed by russian soldiers. her son s death was seen around the world. she had to watch it herself, and the mother of that ukrainian soldier is now speaking out for the first time. the video of his death difficult to watch, but important to show the depravity of what s happening on the front lines. it sparked global condemnation. the ukrainian was executed after he said glory to ukraine. an
i m going to be discussing it with these three, there they are, matthew plosser from the new york federal reserve, liz lumley from the banker magazine, and frederic malherbe from university college london, who thinks central banks should consider more radical steps to get the banks to pass on better deals for savers. plus, the boss behind the trains of tomorrow. my interview with the global ceo of one of the world s biggest train and tram makers, on the future of transport across the world. wherever you arejoining me from around the world, once again a big hello, and warm welcome to the show. you know, across the world s most powerful countries, the cost of borrowing money has been going up. central banks, they ve been raising the interest rates to tackle inflation. and while banks have been lightning fast in passing on those rising rates to those who borrow from them, those who save with their banks, well, they ve not been seeing the same immediate reaction. if they want hig
the australian prime minister, and the us president. the three countries are expected to agree to provide australia with nuclear powered submarines. now on bbc news, talking business. welcome to talking business. take a look at what is on the show. rates are rising around the world so why aren t more savers getting a better deal from the banks? bumper profits are expected from the biggest financial institutions this year as they charge more to borrow but those with savings have not been the same consistent increase in with what they get paid with putting money in the bank. so why not? i would discuss this with these three, we have the new york federal reserve, the banker magazine and the university of couege magazine and the university of college london, who thinks that central banks should consider more radical steps to get banks to pass on better deals for savers. plus what is behind the trend of tomorrow, my interview with a global ceo with one of the biggest tram and tram
race for the white house coming in. bottom line. business as usual. all transactions are fully functional. thank you all. sandra: we begin with president biden today scrambling to restore confidence in america s banking system after the swift and sudden collapse of two banks that pumped in fears of a wider economic crisis, and a lot is unfolding at this hour. hello and welcome, everyone. i am sandra smith. grateful to start another week with you. john. john: it seems like every week there is something new. i m john roberts in washington. this is america reports. the president addressing the nation before the stock market open, assuring that their deposits are safe. taking emergency measures to contain the damage from two of america s largest firms. sandra: while the president blames bank executives and republicans for the failure of silicon value bank and signature bank, critics say about the aggressive rate hikes meant to rain and rampant inflation inflation ar