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reports. let s get right to it. at this hour, thousands taking to the streets in israel, blocking the country s main airport and make highways. prime minister netanyahu s latest attempt to curb judicial power just reignited massive protests. also, president zelenskyy arrives at the nato summit. he just addressed a crowd of thousands from an outdoor stage with many supporters in the crowd waving ukrainian flags. ahead, what to expect from his meeting tomorrow with president biden who says ukraine is not ready to join nato. and presidents of turkey just hours ago. his message of thanks now that turkey has lifted the last hurdle. our nbc news reporters are following all the latest developments. we begin in lithuania with president biden and president erdogan. chris, just a couple of days ago, the u.s. was suggesting that sweden would join nato but we didn t know when. they were not thinking it was going to be possible during the course of this summit. we got that sur ....
for shannon bream. report card in for a tumultuous 2023, 2020 for promising to be a year of surprises and a history making election. fireworks usher in the new year down under. america awaits 10 nights, wall street celebrates a hot streak for stockholders. mortgage rates drop, inflation slows. but most americans still feel the pinch. we were less economic council of advisors chair jared bernstein about the disconnect in an exclusive interview. plus spirit clicks are at a time of the year we are seeing more at the border. it is not unusual but this is an immigration system that has been broken for decades request migrant encounters for the year crash records as congress remains split on security talks. we will get reaction from to two border state congressmen. texas democrat henry cuellar texas republican tony gonzalez. then. lexa came to the conclusion that i could not unfortunately or fortunately, wait for the united states supreme court perplexed at main it becomes ....
at verisk maplecroft. if erdogan continues down this path of policy that he has embarked upon, do you think turkey will be defaulting on its debts any time soon? thank ou. its debts any time soon? thank yom yes. its debts any time soon? thank you. yes, well, its debts any time soon? thank you. yes, well, the its debts any time soon? thank you. yes, well, the turkish - you. yes, well, the turkish lira partly as a result of economic policies under the current turkish government has lost about 80% of its value over the past five years. and in the lead up to the election, one of the ways in which the central bank was holding it off was drawing on its foreign exchange and gold reserves. although that props up the lira it is not necessarily sustainable in the long term and if turkey is no longer able to finance imports or to service its external debt it could end up default. there are corrective actions the turkish government can take to try and hold off that risk but w ....
let s speak to james smith, developed markets economist at ing. people are talking of a mild recession. what does that mean? quite often when we talk about recessions and the gdp numbers we think of two courses of negative growth being a technical recession. but that doesn t always feel like a recession to people. when we see a recession to people. when we see a recession we associate it with widespread job losses, people spending less money, people trying to save more, because they re uncertain about what is to come. we are not necessarily seeing that now. the fall in gdp we saw in the third quarter was small, we might see another slight fall in the fourth quarter. but it is not comparable to recessions in the past such as 2008 and the covid recession. so it is worth putting that in context. fix, worth putting that in context. a recession is two sets of three months where growth has been negative. in terms of what it means for people, what will this mean? the uk econo ....