Of detoxing withjuice. The founder of nosh detox will be in the studio with us. And ten years on from the beginning of the Credit Crunch, we want to hear your memories of the crisis and how it affected you. Let us know. Use the hashtag bbcbizlive. Hello and welcome to Business Live. Get in touch with your memories. I know for us, it was the start of ten long years of covering the stories and the repercussions of it. This week the main Stock Markets in the us have had another record run and londons ftse 100 flirted with breaking into record territory. Its a far cry from ten years ago when the global Credit Crunch began. Ten years ago today 9th, august 2007 banks suddenly found that they had billions of dollars in toxic debts that customers couldnt afford to repay. So overnight, they stopped offering loans. The financial crisis that followed cost the british economy over £7 trillion in lost output thats close to 10 trillion. For the us economy, the cost hit a staggering 22 trillion. So
GBP/USD continues to slip back as the US Dollar benefits from Senate approval of President Biden’s spending plans and continuing speculation that the Federal Reserve will taper monetary stimulus.
A modestly firmer US Dollar continues to be the main driver of GBP/USD, with speculation that the Federal Reserve will taper US monetary policy earlier than previously expected helping the US curre.
claimed he had information about russian hackers. the president calling the situation sad and praised the efforts of the secret service. this despite the fact that tran scaled the white house fence undetected. time to break out the brackets. selection sunday in the books. ncaa tournament field is all set. defending champ villanova number one overall seed. joining them, kansas, north carolina and gonzaga. the first four games play tomorrow night in dayton, ohio. who is cutting down the nets? i picked iowa state. that s as far as i got. a very good team. good sleeper. i m a duke fan. cutting down the nets. let s get a check on cnn money stream. stock futures i don t know what that means. a sports phrase. i know stocks. edging lower. wall street gearing up for a big week. stocks in europe mixed.
money stream. will a santa claus rally come early or has donald trump stolen st. nick s thunder? the dow and nasdaq at record highs this morning. check out the gains for the year. 14 trading days left. the dow is up more than 13%. that was not predicted this year by the way. the nasdaq almost 9% higher. the s&p 500 gaining 10.5% on the year. one-third of the gains coming in over the past month as investors give trump s plans a big time endorsement. futures are down slightly. stocks in europe are edging lower. shares in asia closing with losses overnight. the cautious tone we re seeing as investors await the federal reserve. janet yellen is beginning the policy meeting tomorrow. at the meeting last year, the fed hiked interest rates for the first time in almost a decade. investors are expecting a repeat performance. now a 95% chance the fed will