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
For our cspan and public radio audiences please be aware that in the audience today there are members of the general public in addition to journalists so any applause or reactions you hear are not necessarily from the working press. [laughter] id like to begin by introducing our head table. Please hold your applause until all the head table guests are introduced. To my far left is Valerie Jackson washingtonbased editor , a. Doug harr brecht former npc president and a member of the Club Journalism institutes board of directors. Next to doug and debbie carol f key, a guest of our speaker. Jacqueline policastro whos the Washington Bureau chief at gray television. Adam eaton a reporter at e news ira our look whos the Communications Director for a company. Next is Elizabeth Mcgowan a reporter at the Energy News Network to my immediate right is donna line one lachey shes the president at Dc Media Strategies a former npc president and a cochair of the nbc Headliners Team which organizes these
To listen, watch, and follow along on twitter at the Hashtag Hashtag npc live for our cspan. For our cspan and public radio audiences please be aware that in the audience today there are members of the general public in addition to journalists so any applause or reactions you hear are not necessarily from the working press. [laughter] id like to begin by introducing our head table. Please hold your applause until all the head table guests are introduced. To my far left is Valerie Jackson washingtonbased editor , a. Doug harr brecht former npc president and a member of the Club Journalism institutes board of directors. Next to doug and debbie carol f key, a guest of our speaker. Jacqueline policastro whos the Washington Bureau chief at gray television. Adam eaton a reporter at e news ira our look whos the Communications Director for a company. Next is Elizabeth Mcgowan a reporter at the Energy News Network to my immediate right is donna line one lachey shes the president at Dc Media Str
Has been a tumultuous quarter. Plus, a rough quarter for ipo shares of ab inbev and Bernie Sanders corporate tax, the 2020 president ial hopeful out with a new plan calling for a tax on companies that pay their ceos way more than their workers it has been a roller coaster ride for stocks in the Third Quarter as we enter the final trading session of q3. Dow and nasdaq aiming for a Third Straight quarterly gain. Mike, awe kn mike, as we know, we went into the month thinking big, bad and scary. I think thats actually the story for the quarter too, the market held itself together and preserved these levels it was at, just about at old highs. Without really a ton turning for the better the way you can look at it is the cost of two and maybe a third fed rate cut was not that steep in the way of suffering through really bad growth or any real stress in the Financial System just yet. So but it does feel tenuous, feels as if the market is sort of maximized what it had to work with to get to thi
Africa, drought is creating a market for an unexpected source of milk. Announcer earth focus is made possible in part by the Orange County Community Foundation and the farvue foundation. Man so this is a tradition here. We put cups in the freezer, best way to drink milk. Here, a toast. To a good day. [cows mooing] one thing ive learned about cows here, of which about 2,500 are milking and then you have a dry period, in a perfect world, 60 days. [cows mooing] she has a calf, and then she produces milk again for another year. [whistles] lot of our milk gets made into butter. And then some of our milk also goes to making mozzarella cheese. Theres a good chance youre tasting some of our milk every day. [engine starts] he likeshe likes driving papa around. Im justim teaching him for later when ill actually need a driver. Youre gonna go out the same way. Go slow. You know, a few years ago, california adopted a regulation that really forced our industry to start looking at ways to mitigate th