Half of next year. Time for todays global exchange. From dubai to frankfurt, to brussels to london, to Rio De Janeiro and princeton, new jersey, our bloomberg voices are on the ground with this mornings top stories. In turkey, the lira is gaining against the dollar following a 200 basis point cut. Joining me with more from dubai is paul wallace, bloomberg emerging markets reporter. Is this going to be enough president erdogan . Paul that is a key question. The lira has barely budged despite that 200 basis points cut being more than markets expected. Analysts were expect and about 150 basis points. The lira has had to endure a lot in the last six months. Erdogan has sacked his central bank governor. Since then, the new one has overseen a whopping 1200 basis points of rate cuts. Amazingly, despite all of that, the lira is actually up against the dollar since the end of june. We will have to see what erdogan thinks of this latest move to see whether he is satisfied that it is enough, or w
Yieldsck victory sent soaring but how much further do they have to go . Mark carney is speaking down the road, delivering the news surrounding the stress tests. Due to strains on emerging market currencies and growing skepticism over the ability of some International Banks to adjust their Business Models to new environments for regulation, for growth, and for Interest Rates. In june, developments kosher to hone home brought strains of their own. Prices have reacted strongly following the u. S. Election with echoes of the treasures at the start of the year on sovereigns and banks. Throughout these episodes, the u. K. Financial system has stood up well. Deafening rather than amplifying volatility in financial markets. Households and businesses in the u. K. Have as a result and able ,o focus on what they should where there their home is right for their families or a better investment would help them serve their clients. This was in resilience has been hard one. Done. A job that is never t
Guilty thats the verdict boston bomber Dzhokhar Tsarnaev heard in court after two days of deliberating jurors believed the the 21yearold and his brother carried out the attack that killed 4 and injured more than 2060 people. Our very own john terret is here on todays verdict. Whats next . Morgan a whole new trial is next. Effectively, thats whats going to happen because today was thend of the guilty phase. Next comes the sentencing phase. The jury must decide whether Dzhokhar Tsarnaev should die for his crimes hors doeuvre life in prison. Guilty of all charges against him, Dzhokhar Tsarnaev listened but didnt react. One by one the 30 counts were read out, 1 through 17 that carry the death penalty. Among those counts use after weapon of mass destruction, bombing of a place of public use, malicious destruction of property resulting in death. The jury weigh the aggravating circumstances, such as the killing of a young boy, the use of these devices causing massive injury. And those are agg
Lingering showers associated with the first on. This will affect your ride across the san mateo bridge. We have light rain across one on one into redwood city but although we are starting to dry up. You will need to use your umbrellas this morning but also we have when the conditions. The wind speeds are up to 60 mi. Per hour. We have seen gust in the 22 hour range. We will continue with showers for the next hour and will start to dry things up. Although it will be cloudy we may actually see pockets of sunshine. I will break transformed no. 2 and the time coming up. We have been tracking a hot spot in the south of morgan hill area with that overturned tanker that has shut down the south out lines of what one and it is affecting the north all right. Here is live pictures from our helicopter partnership with abc 7 news. These are some of the bill calls in attendance of this crash. They evacuated homes in the area and there was a school spilled. A number of Emergency Responders are on the
A disgrace for spain and for europe. Spain now plans to move franklins remains and some victims of francos regime of being from a mask rife to be given a proper burial. Told to charge it up for them and im not sad im glad to finally find out whether my brother is buried here here is executed a day or two years ago during the civil war or for. About it. This is the village of us in northeastern spain. Was born in the village ninety seven years ago. Tomorrow workers will start digging at the site of the graves that contains the bodies of franco era victims martin believes that the remains of one of his brothers may be there two of his brothers were executed by pro franco militias in one thousand nine hundred thirty seven the bodies have never been found martin has fought for years to recover the remains and give them a decent burial. Here our fronts are excited. You know the beard yes the up with my brother through so much. Im just happy that i blew it long enough to see this i have wond