Hello im daryn jordan this is counting the cost on aljazeera your look at the world of business and economics this week its been a little more than a decade since the financial crisis and will the pandemic push the banking and financial industry into another meltdown more jobs a loss than during the entire Global Financial crisis and millions more on the line as 2000000000 people go into lockdown. As rich nations pick up last paychecks those people on the margins of society that have no safety net from former workers in developing countries to migrants in rich nations who is looking out for them. From a Health Emergency to an Economic Disaster as the world grapples with the coronavirus pandemic unresolved old wounds may trigger another financial meltdown as rich nations spend trillions trying to keep businesses afloat theyre relying on banks to maintain the flow of cash to industries and offering loan repayment holidays to consumers well in europe where banks have yet to recover from t
Diesel. Were talking diesel engines with cummins, that big engine company. Ceo is here on fox business, so i hope you watch. The bears, folks, have called the cops on the bull party. As we kick off the final hour of trade, that partys breaking up. Stocks pulling back from record levels for a second day in a row. The dow jones down 470 points. That is a loss of about 1. 25. The s p down 66 points, and the nasdaq its a bigger chunk here, 2 loss of 323 points. And the russell 2000 losing 22 points. Now, one thing for sure the markets are getting no help this time around from semis, software or cybersecurity. Igv is, Ishares Expanded Tech Software etf, is down as you see about 4. 33 . The philly Semiconductor Index losing about 2. 7, and then the amplify cybersecurity etf, Ticker Symbol hack, is down 3. 5 but its not just stocks. Investors are showing some real caution aahead of jay powells testimony. The Federal Reserve chief appears before congress twice this week, first tomorrow at the
A week on face minutes. Reaction. Drawing the tanks and most Coast Financial district, Russian Defense ministry, plains, ukraine, and we look at how on some team is economic crisis is deeply affected as self service. The now we started in august on when at least 40 people have been killed in a suicide bombing at a political conference in the northwest. More than 200 others have been injured. It happened in the general district and high, but fucked on clot along the border with afghanistan. Far to say the death toll could rise. The several of the injured are in Critical Condition is, goes, come off high. The in the slammer by the what more is coming to light about this attack from authorities whether they are taught or days and particularly the Inspector General of police, of the high book to inquire providence as confirming that there was indeed a suicide bombing. Too excited for my decor, nathan, your dear wife, race close to that stage where this convention work, taking place there w
Is titled concern continued oversight on Regional Bank failures. Without objection, all members will have five legislative days to submit extraneous materials to the chair for inclusion in the record. Without objection, the chair is authorized to declare a recess of the committee at any time. With that, i now recognize myself for four minutes. Todays hearing will help the Financial Services committee learn more about recent Bank Failures, including management missteps, supervisory failures, and rapid fire bank runs in the age of social media. I think our witnesses for testifying today. The recent banking crisis was fueled by failed Bank Management, lack of hedges against Interest Rate risks, failed military policy, failed supervision, and overspending by the administration and democrats that led to historic inflation, prompting increased Monetary Policy action. Today, we will hear about what went wrong from the Bank Management themselves in state regulators. This is important, as the c
Border to leave russia as president zelensky accuses Vladimir Putin of sending russian conscripts to their death in ukraine by forcing them to fight in the war. A british man freed after being held by russian backed forces in ukraine describes how he was stabbed by a russian officer and thought he was going to die in captivity. Now on bbc news, political thinking with nick robinson. Welcome to political thinking a conversation with, rather than an interrogation of, someone who shapes our political thinking about what has shaped theirs. Dyou remember when a politician promised to borrow tens of billions of pounds to rescue the country without spilling out where they would get the money was accused of being irresponsible, of being reckless . Of finding a Magic Money Tree . That man wasJeremy Corbyn and hes my guest this week. He was, of course, Leader Of The Labour Party. These days he is not even a labour mp, after keir starmer expelled him from the parliamentary party. But what will be