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driven by a weaker dollar. whereturn to istanbul, bloomberg s turkey bureau chief is standing by, and chris reiter is in berlin. president erdogan has sounded out again, ahead of the central bank decision. what can we expect today? there is a universal expectation that there will be a cut in interest rates later turkish central bank monetary policy convene committee convenes. what we don t know is how much. if the decision is in line with estimates, which predict around thet of 150 basis points, rate of return on the turkish lira adjusted for inflation goes down to 1.9%. that s a crucial number, still above the average of real return e.m. s, which turkey is considered part of, but below countries that turkey is usually judged against like russia and south africa. we have seen anxiety in turkish markets over the last week. the lira has been weakening to levels not seen in about two months, and the decision at 2:00 p.m. will determine the market reaction later today. matt:
New-yorkUnited-statesJapanIstanbulTurkeyTokyoDubaiDubayyUnited-arab-emiratesTel-avivIsraelBrazil issuing a warrant for vladimir putin for alleged war crimes, putin ice response to that and what the odds are that he actually gets arrested. plus a $30 billion lifeline, how big banks are stepping in to save a smaller one from financial ruin and helping to stabilize the u.s. economy. it s thick in the summertime and builds up and smells terrible. it s heading to the u.s. what we know about the 5,000-mile-long mass of seaweed making its way to the coast and what it will do to the tourism industry. for the second time ever plus another stunning upset in the ncaa tournament. a huge undered to do, 16 seed knocking out a number 1 in the first round of the tournament. our andy scholes is standing by with the highlights. the international court has issued arrest warrants for vladimir putin and the country s children s rights commissioner in an alleged scheme to deport ukrainian children, thousands of them, to russia. of course, moscow rejected those allegations. a spok
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