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shares of mufg, mizuho and smfg were all down around 8% in trading. the nikkei exchange was down over 2% overall. here in europe, we ve seen credit suisse drop another 5% in early trading. on monday, major us banks lost around $90 billion in stock market value, bringing their loss since svb s collapse to nearly $190 billion. many are now speculating the federal reserve will pause its plans to keep raising interest rates, designed to tame inflation. we re nowjoined by greg swenson, who is an international investment banker and founding partner at brigg macadam. good to have you with us. let s pick up good to have you with us. let s pick up on that thought about rate because that progressive increase increase in interest rates has been one of the things cost for the collapse in svb. will the federal reserve be looking at this closely? i think the key word is maybe. goldman sachs came out yesterday suggesting that they would pause and not raise rates at the next meeting, b ....
The god father was made in a very classical, almost shakespearean style. It was going to be about succession. Like a king who had three sons, and none of the sons had all his talents. [ speaking nonenglish ] michael could be ruthless when he had to be ruthless, but he could be friendly. Nord, he was a complex hero. In other words, he was a complex hero. Were here in the napa valley on a rainy day, to interview Francis Ford Coppola. Now, hes one of the greatest Movie Directors of alltime, without any question. If you google the best movies of all time, the greatest movies of all time, the godfather is number un, number one, usually. But The Godfather 2 is often on that list of top ten and so is Apocalypse Now. So of the 10, 15 greatest movies of alltime, this ....
2022, the year of three prime ministers, at least. after an astonishing decade in british politics, another unprecedented moment. is politics, another unprecedented moment. , , ., moment. is the news came in we asked voters for there s moment. is the news came in we asked voters for there s impressions - moment. is the news came in we asked voters for there s impressions of - voters for there s impressions of the latest events at westminster. itjust needs stabilising, it needs sorting out and moving forward. i wouldn t vote conservative now, no. why not? because i don t feel we can trust them. the likely candidates include some very familiar faces, but labour says yet another change of prime minister should trigger a general election. the public are entitled to have their say, and that s why there should be a general election. we ll have all the news and analysis of the prime minister s resignation. also on this extended edition of bbc news at ten. people who work wit ....
dana: i m dana perino and this is america s newsroom. the prime minister making the announcement moments ago outside 10 downing street. this after she failed to overcome a flurry of criticism from her own party. alex hogan is following all of this from london. hi. good morning. this has been a very contentious day here in london after a contentious two months of british prime minister liz truss time in office. she announced her resignation earlier this morning. speaking for a minute 30 seconds. very brief. take a listen. we set out a vision for a low tax, high grade economy that take advantage of the freedoms of brexit. this comes after a shaky day yesterday at downing street. another member of her government left the job. home secretary resigned. she was a popular figure in the conservative party. she has been replaced by grant sha p. he is a supporter of the former p.m. candidate who lost to truss. he quickly addressed the need to get to work. truss had only ....
let s take you through what today will look like. the current prime minister, liz truss, held her fourth and final cabinet meeting starting about an hour ago. she is due to make a statement outside number 10 at around 10:15, before travelling to buckingham palace for an audience with king charles. after this, rishi sunak will head to the palace, where he ll be invited to form a government. then it s back to downing street, and the new prime minister will address the nation at around 11:35. and over the next 2a hours, we can expect to see a trickle of cabinet appointments which will start to shape what rishi sunak s government will look like. of course, not just of course, notjust appointments, but the message too. what is the message is likely to be when he appears at the podium which is just being put up behind us? first of all four at liz truss, then for a rishi sunak later on. keeping us company throughout the morning as we follow these events is nick eardley, our ch ....