it's like going through what we've been through in the past with brexit, italy and greece, they're important countries, but really the contagion is in europe, with the banks over there, not the united states. >> so turkey, their currency dropped 40% in value last friday, right? >> it's been over the entire year. >> but it kind of hit that threshold on friday. so today they were trading off concerns that it was going to somehow affect us here. as you pointed out, that's a billion dollars, not that big a deal. does t show skitt tas been the most unloved market rally in the history, you know, everybody wants to find things wrong with everything. the fact of the matter is, things are actually pretty good. nobody wants to admit it. when we look at the wages that have increased, all the jobs. >> that just started happening. >> that's right. >> we stayed way low way long. >> for at least nine years. and so they finally started to come up. but you're also looking at surpluses that we're seeing, and certainly, you know, we're creating jobs. we need people -- we need people with expertise, which we do

do, mandatory voting, 27 countries around the world that have mandatory voting, usa rally, belgium, greece, a lot of latin american countries and the idea is that you are a citizen and you have responsibilities to the country and those if you do not vote you will be punished in some form, so punishment can take the form of a monetary fine or it can take the form of not having access to public goods or you can't get a public job, for example. i can just see people's head rising because some people think this flies into the first amendment, my choice, am i allowed to do whatever i want but just here in the last six weeks the u.s. supreme court sided with the state of ohio to strike off voters for not participating in the elections and there's six states where that actually occurs. mandatory voting is something that we should look about. i mentioned low participation numbers particularly for low-income households and, you know, i'm sure there are a whole host of other things we could do, maybe not have election on a tuesday, maybe, you know, subsidize people to take them to the voting stands,

a dog has been found hiding underneath a barbeque in mati in greece, where he had crawled to seek refuge from the devastating wildfire last month. the white poodle—cross, named loukoumakis, was singed yellow from the smoke and flames of the fires and had difficulty breathing when he was found. rescuers lured him out with a tin of dog food, and he has since been groomed, is on antibiotics and is slowly recovering. next at the news at five, let us catch up with the weather. today‘s weather has been a tale of two halve, the best of the sunshine has happened across the eastern side of the uk, across iron scotland, and much of england and wales, this was the isle of wight earlier in the afternoon, while further north and west we have more cloud, underneath a weather front bringing rain and that will continue its progress northwards and eastwards across scotla nd northwards and eastwards across scotland and the far north—west of england as we go through this evening. while we hang on to sunshine. what we will notice is because we have picked up this south—westerly wind, with more cloud

celtic and rangers are in action and burnley are in greece to face olympiakos in the first leg of their play—off round. sean dyche says it'll be the toughest test his side have faced in europe so far. the prestige of any tournament is when you play against the big names. as you rightly say, they have got history and a knowledge of different european nights and that is in their favour slightly. tiger woods and phil mickelson will go head to head in a winner takes all $9 million dollar duel on the golf course in las vegas in november. the pair — who have 19 major titles between them — will meet at the shadow creek course in a match play event to be screened on pay per view tv. that is properly where all the prize money is coming from. woods and mickelson have had an occasionally frosty relationship during their prime at the top of the men's game. and they'll wear microphones so the audience can hear what they're saying to each other out on the course. i think they may have to bleep some of that out. yes, you will need to be careful with what is said. let's return to the breaking new

breaking temperatures in the next few days — they could break the european record of 48 degrees set by greece in 1977. and a rare eastern black rhino has shocked visitors at chester zoo, after she went into labour giving birth to a healthy baby calf. sport now on afternoon live withjohn watson. and are india on top in the cricket? yes, it has been their day—to—day, a batting collapse handing india the initiative. but there was an impressive half—century from sam curran, who offered england a glimmer of hope. an english batting collapse has put india in control of the first test at edgbaston and on course for victory, unlessjoe root‘s side can find something to dig themselves out of it on day three. the english scoredcard makes for grim reading. they started the day with a slender 22 run lead, keateon jennings was the first to go for 8 and further english wickets have fallen since, jos buttler for one with the second ball after lunch. and despite a brief period of resistance alongside sam curran, adil rashid has now departed for 16. england supporters will be hoping that sam curran can

i think what we also picking up on, there is higher in greece of anxiety among farmers about being the victim of rural crime —— high increase. they are aware of their rural location is making them, their machinery and livestock are very vulnerable. one interesting thing in today‘s report, actually, a lot of rural crime is still being underreported, perhaps because farmers think it is not worth their while, perhaps it will not get locked into. but if you to report the crime, the crime is underestimated and you don‘t get the but and the resources into trying to tackle it. many thanks. and keeley donovan is in leeds, where a wildlife park has become home to four rare brown bears, after a remarkable rescue mission. the animals had spent years in small cages in a museum injapan, but now they‘re able to explore their new, more spacious surroundings. and, keeley... why were these bears moved from japan? well, two yea rs well, two years ago, animal charity wild welfare, came across the four bears living in cramped conditions ina museum bears living in cramped conditions in a museum i

greece? belgium? albania? yugoslavia? or russia? >> watch the entire film sunday on railamerica only on c-span3. you are watching american history tv. >> next on the presidency, a discussion about the complicated and controversial building of a memorial to president james garfield on the u.s. capitol grounds. we hear from matthew gilmore who edits a washington, d.c. history blog. mr. garfield was shot in july of 1881 by a disgruntled office seeker and died from his wounds the following september. the united states capitol historical society hosted this 45-minute program. william: those of you in the d.c. history community know matt

in overton in greece last word to you same question to you what happens when this goes wrong say there's another sandy hook school shooting and one child has lost its life because as well as being tooled up with all the usual semiautomatic weapon ri the killer has a plastic gun that say was put into the school ahead of time and that killer knew where to get it well i'm not speaking from greece i think it might be out to bring that out of the tail of pandora who for all of the sins in the world in one box and hopes it would never be opened but it was opened and the senate will let through and i think this is what happens the revolution will not be televised downloaded. three d. printers it becomes ubiquitous it's really printers become ubiquitous we do not know where technology will end i could have told you a year ago that somebody would be run over by a self driving car and i will tell you that somebody will be shot by a three d. printed gun and that is the responsibility of the united states with a love affair with the second amendment not a european love affair gars not a global love

including greece. still to come fighting infections where they start a revolutionary technology that puts anti—microbal agents straight into gloves could improve hospital survival rates significantly. you're with business live from bbc news. first let's talk house prices, we are told in the uk there are two obsessions. house prices and fruit they are going. the property website rightmove says there was a 2.3% drop in the average asking price of houses put on the market last month. analysts for rightmove describe august's discounts as a "late summer sale" as sellers to try to find a buyer before christmas. miles shipside is a housing market analyst at rightmove and he joins us now from our salford studio. good to see you. tell us about your latest research, what does it tell us latest research, what does it tell us about how the market is doing? looking at august in particular, the sellers that come to market normally have a pressing need to sell because buyers are distracted by a holiday and they nee

exclusive report from the worst refugee camp in the world — that's how aid officials describe moria camp in greece. we've been given rare access and found appalling, overcrowded conditions and deadly violence. aid workers tell us it has has led to children trying to take their own lives. we have children as young as ten years old who have tried suicide, and there are no child psychiatrists or psychologists on this island. the exclusive film at 9.15am. half of nhs england maternity wards turned away expectant mums last year, new figures reveal. 0ne hospital was closed to mums—to—be 33 times, mostly because there weren't enough staff. we will be looking at what is causing the crisis

hibernian took a 3—2 lead to greece to take on asteras tripolis and they extended their advantage through john mcginn's goal before half time. but the greek side have levelled the match, which means that is now 4—3 on aggregate. here's a look at all the games involving british sides this evening. these games concerned the english sides. and scottish sides. you are fully up—to—date with that. the first day of the women's british 0pen is well underway, the fourth major of the year on the women's tour at royal lytham and st anne's. minjee lee of australia leads. but england's georgia hall has put a great round together and is in a tie for third, the best placed brit. she had a bogey—free round and shot five birdies in her 67 highlights are on bbc two later tonight. that's all the sport for now. i'll have more for you in sportsday at 10:30pm. we look forward to that, thank you. a 20—year—old man from north london has been arrested on suspicion of preparation of terrorist acts. detectives from the metropolitan police counterterrorism command assisted by the metropolitan police fire

greece is beginning to hum again. after the factory closed, the workers took over pa rt factory closed, the workers took over part of it. now producing greener products. soap and cleaning liquid. starting again bottom—up. a metaphorfor liquid. starting again bottom—up. a metaphor for greece's recovery. translation: when bankruptcy hit we contemplated suicide a lot to do when you reach the edge of a cliff you either fall off when you reach the edge of a cliff you eitherfall off or when you reach the edge of a cliff you either fall off or group that hold on. so we said no. we struggled not just for ourselves hold on. so we said no. we struggled notjust for ourselves but hold on. so we said no. we struggled not just for ourselves but to see this new model copied in other factories. this saved both our minds and our lives. from 2010, greece was gripped by unrest. revealing its skyhigh deficit led to three bailouts totalling over 300 billion euros. the price was austerity with daily protests after pensions and salaries

greece is beginning to hum again. after the factory closed, the workers took over part of it, now producing greener products. soap and cleaning liquid. starting again bottom up, a metaphorfor greece's recovery. translation: when ba n kru ptcy recovery. translation: when bankruptcy hit, we contemplated suicide a lot. when you reach the edge of a cliff, you eitherfall off 01’ edge of a cliff, you eitherfall off orgrip itand edge of a cliff, you eitherfall off or grip it and hold on. soap we said no, we struggled, notjust for ourselves but to see this model copied in otherfactories. this saved our lives and our minds. this country has overcome so much adversity in its long history. the greek spirit is rising again, helped by record tourist numbers. beneath the eagerly seen light wounds that will take long to heal. but a ray of hope is beginning to flickr here. —— flicker. a man accused of driving a car at pedestrians, cyclists and police officers last week outside the houses of parliament has appeared in court for

celtic and rangers are in action, and burnley are in greece to face olympiakos in the first leg of their play—off round. sean dyche says it'll be the toughest test his side have faced in europe so far. the prestige of any tournament is when you play against the big names. as you rightly say they have a history here and a knowledge of the european scene of football. that is in theirfavour european scene of football. that is in their favour slightly. the tiger woods and phil mickelson head—to—head is on. it will be a $9 million winner takes all matchplay dual in las vegas in november... the pair — who have 19 major titles between them — have had something of a frosty relationship down the years. they will meet at the shadow creek course and it will be screened on pay per view tv, which you imagine is how the prize money will be funded. they'll wear microphones so viewers can hear what they're saying to each other out on the course. they might have two bleep some of that. that is all the sport for now. i will be back on afternoon life after tpm. —— after 2pm. let's get more on

i have two administered to people lot of greece, what of rope and hope they will grow from things that are definitely biblical scene. iti that are definitely biblical scene. it i have those hopes for the president. but as president, donald trump is accused of pathological lying, paying off a porn star and encouraging a draconian immigration policy, with hundreds of parents separated from their children. hallelujah! greenleaf christian centre, a black evangelical church in north carolina. the reverend doctor william barber says many christians have dumped their principles in return for access to power. the leadership of evangelicalism, people like franklin gray and others thomas said that are put donald trump in the white house. do you agree with that? they can say anything. the slave master said god made slavery. it wasn't true. segregation, it wasn't true. the greatest critique of donald trump is not his personal vices. what is his worst is his political vices, his political agenda. members of his congregation agrees. political agenda. members of his congregation agreeslj political ag

record is a different matter, but the highest temperature ever recorded in europe was 48 celsius in greece, and actually that was all the way back in 1977. it's been a number of years, to put that into context, since we've seen temperatures as high as that. so, why this sharp rise in temperatures? why has it happened this year? we can link it to what's been happening with us, as well. we've been seeing very high temperatures, well above average. i think we need to look at natural weather patterns. the jet stream, for example, is very weak at the moment. the jet stream is that ribbon of wind high up in the atmosphere that drives our weather system. it's not very strong at the moment. when you get a particular weather pattern, an area of high pressure, it just hangs around. and there's no change from day to day, no change in the wind direction. it's summer in the northern hemisphere. i've been to spain a number of times and seen temperatures nudging a0 celsius. but when you've just got that heat building day on day, and of course it's very hot across north africa. so, with a southerly wind p

a continent—wide heatwave in recent weeks has seen deaths in spain, droughts and wildfires from greece to sweden. several thousand homes are without water in nottinghamshire this morning after a major pipe burst. it happened in the village of epperstone but is affecting large parts of the eastern side of the county. severn trent water says it's one of its biggest mains, meaning people may have no supply or low pressure. tankers are bringing in extra water and bottled water is being delivered. the nhs has been threatened with legal action if it does not offer fertility services to transgender patients before they start treatment. the drugs and hormones prescribed to patients can cause infertility, and the equality and human rights commission says patients should be able to store their eggs or sperm. an nhs spokesperson said the criticism is misplaced and policy responsibility lies with ministers. there were chaotic scenes in brighton last night after police prevented crowds of people attending the city's pride event from entering the railway station. thousands of people trying to leave

hoping to take a step to the europa league stages tonight, celtic are in action and burnley are in greece in the first leg of their play—off tie. they have come through two rounds and the manager says this will be the toughest yet. the prestige of any tournament is when you play against the big names. they have history here, and knowledge of different variances in the european scene of football and that this probably in their favour. tiger woods and phil mickelson will go head—to—head in a winner takes all $9 millionjewel on the head—to—head in a winner takes all $9 million jewel on the golf course in las vegas in november. they will meet at the shadow creek course in a matchplay event to be screened on pay—per—view. they have had an occasionally frosty relationship during their time at the top of the men's game and they will wear microphones so the audience can hear what they are saying to each other out on the course. sports meet entertainment. we will have more at 6:30pm. let's return to our top story — and the government has published the first set of documents giving

catrin nye, bbc news, greece. the flag at the top of the white house has been lowered for a second time following strong criticism that it was raised too soon the death of the veteran senatorjohn mccain at the weekend. mr mccain and president trump had clashed on many occasions and the late senator had requested that donald trump should not attend his funeral. the president has now said he respects the senator's "service to his country" and has signed a proclamation to fly the us flag at half—mast until his burial. jon donnison reports. thank you very much. mr president, do you have any thoughts on john mccain? do you have any thoughts at all about mccain? at times over the weekend, getting president trump to say something nice about his long—time criticjohn mccain was painfully awkward. you don't need to be a body language expert to get the message. but the former vietnam vet and prisoner of war who survived torture is regarded by many americans as a hero. as criticism of the president's obvious reluctance to

catrin nye, bbc news, greece. the japanese car—maker toyota is to invest several hundred million pounds in the car—hailing service uber. they intend to expand a partnership tojointly develop self—driving cars. the firm said this would involve the mass production of autonomous vehicles that would be deployed on uber‘s ride—sharing network. our business correspondent, theo leggett, is here. i guess we can understand perhaps where they are going with this, my first thought, for all the drivers they currently employ? yes, this will not happen overnight, but the long—term trend is for more rights hailing services and ultimately for the cars in cities at least to piece of driving, it will be a lot cheaper once the technology is ready. alterman the bag —— ultimately, bad news for drivers. how many people are looking at this? this is about future proofing, a big trend in the car industry. car companies call themselves mobility service providers. they know in cities at least in the future people will probab

they lost 3—2 on aggregate to aek athens — after a 2—1 defeat in greece. scott sinclair scored a late goal to give celtic hope — but they could not get the second away goal needed to progress into the next round. this summer's heatwave has had a surprising effect on parts of britain. it's brought a hidden part of our past to the surface. archaeologists have been scouring the country from the air over the past few months and they've made hundreds of new discoveries. for example, have a look at this elizabethan home in staffordshire — tixall gatehouse. the hot weather has revealed this. the foundations of the orginial 16th century manor house tixhall hall which once stood here. and it's thanks to the heatwave that its emerged again as our arts correspondent, david sillito, explains. ok, martin. we've found an edge within the boundary. triple ditch. this is damian grady, one of historic england's aerial archaeologists. and this long, hot summer has revealed some lost landmarks. this is tixall, in staffordshire. look to the right. we can now see the outlin

european union officials say greece is now a "normal" country within the eurozone, after it received the final payment of its bailout programme. in the biggest bailout in global financial history, the greek government was given emergency loans totalling more than £250 billion. the economic crisis in greece in 2010 lead to rioting in athens and threatened the future of the whole eurozone. the world health organisation says cases of measles in europe have reached their highest level for eight years. more than a1,000 people were infected in the first six months of this year — nearly double the number for the whole of 2017. more than half the cases were among children who had not received the mmr vaccine. rescue efforts are being stepped up in the indian state of kerala, which has been hit by the worst monsoon floods in a century. although the weather has improved, some areas are still under water and indian military helicopters are airlifting stranded people, and dropping food supplies to those they cannot yet reach. more than a00 people have died in the floods and thousands have bee

modern greece has ruins, too. its shuttered factories, temples to its worst financial crisis in living memory. this once famous tile producer was an iconic bankruptcy, as greece crashed. but its economy is beginning to hum again. after the factory closed, the workers took over part of it, now producing greener products, soap and cleaning liquid. starting again, bottom up, a metaphor for greece‘s recovery. translation: when bankruptcy hit, we contemplated suicide, a lot. when you reach the edge of a cliff, you either fall off or grip it and hold on. so we said, "no", we struggled, not just for ourselves, but to see this new model copied in otherfactories. from 2010, greece was gripped by unrest. shouting. revealing its sky—high deficit led to three bailouts totalling over 300 billion euros. as austerity hit, despair turned to rage, running battles consumed central athens. greece was collapsing and risked taking the eurozone with it. archive: a huge, huge bout of tear gas has just come out to this place where iâ

we have seen wildfires reaching parts of the arctic, the fire problems we have seen in greece as well so the weather has been pretty severe this year. and of course we have had barely any rain for many areas and that stretches into parts of germany where i believe even some of the breweries have been struggling to keep up with demand as well. it is notjust europe. we have seen records set further afield. algeria equalled their record temperature of 51 celsius a few months back and we have seen records tumble in south korea and japan. in south korea the maximum temperature on fridayjust past 39 celsius but this weekend a0, 41, 41 past 39 celsius but this weekend a0, a1, a1 is the national record and we are on the extreme. there are a number of places in the northern hemisphere that have seen incredible heat this year. chris fawkes, thank you for that. earlier i spoke to clare nasir, meteorologist at the met office, who is on holiday in spain. she described the extent of the heat on the costa del sol. it‘s ncredibly hot, everybody is seeking the shade, it‘s the middle of the day but

it's good here in greece i want to go to school and study mechanical engineering would be fine. lotus swapped his canadian village for a tent village on summers it's outside the island's official camp which is full of those living here plagued by insects there's no running water and the best way to have a bath is to swim in the sea summers is now home to some three thousand eight hundred asylum seekers that's half the island's population over again and four times its camp capacity this syrian man has constructed a retouched over his tent to keep his pregnant wife cool he's done his best to provide the amenities of home with official resources inadequate it's up to groups like son most volunteers to help maintain hygiene and prevent an outbreak of disease they recently set up this laundry facility for the official camp a lot of people escape is in the can but. you don't have to watch the banking and you think it's sleeping at night if we get bags with blankets in that bed like have cockroaches in and see what it says is that people live in a position to have no way out of celera

eight year old winning a six falls four six six love world under fourteen williams will go on to face greece's muddier sakari in the last eight. the second round of the w.d.c. invitational in akron ohio has teed off and already there's a crowded leaderboard england's ian poulter who was the overnight leader is tied for first place with countryman tommy fleetwood as well as american justin thomas rory mcilroy is further back after he's second round failed to match his first round of five under par and fourteen time major champion tiger woods has also quietly gone about his business as he looks to move into contention ahead of the weekend and try and catch poulter and co. i don't think the course played any different very light breeze out there is only half the club wind. and that's why you see in the scoring you're seeing guys a go in low i knew they would go low but obviously you know around was yesterday and i just had to oversee you know personally read numbers on the board as i could . there was a satisfying hole in one for canada's brooke henderson at the women's british open the ball boun

what happens now that greece is out of the bailout stage? do you have any reason to be optimistic that things can turn around and get better? there are more figures that make the situation more challenging and reduce the concept of optimism. more than 300,000 young professionals have left the country and moved themselves, the white—collar workers, they have moved to western europe or other parts of the world. we have a demographic statistic which is completely confusing because in the 100,000 deaths per year, we have only 52,000 births and the democratic —— graphic ofjust after the second world war. in addition to that we have a shrinkage of over 25% of our gdp and only a growth, average growth rate for the next 20 years of 1.2% sale all of this suggests that we will have a very difficult time. and it's nice that we will not be within the european union imf austerity obligation but we will be under the straitjacket and the obligation of the financial markets and now we will actually have to borrow from the financial markets. 0k, thank

more than half of the cases have been in ukraine but france, italy and greece have also seen a rise in the disease. danny also seen a rise in the disease. da n ny boyle also seen a rise in the disease. danny boyle will no longer direct the next james bond danny boyle will no longer direct the nextjames bond film due to danny boyle will no longer direct the next james bond film due to what producers are calling creative differences. the announcement was made on the officialjames bond twitter account. bond 25 starring daniel craig is due to be released in 2019. a project to boost the population of golden eagle has taken off in scotland. they were removed from nests in the high lands where the majority of the birds are usually found. the project hopes to increase the number of golden eagle is in pa rt the number of golden eagle is in part of the country where they have become an increasingly rare sight. i will admit, when i saw we were doing something niggles i thought it was about the eagles having the best selling album. never mind. most venezuelan cities have come to a standstill for a

‘ve just seen there in that piece the sort of pressure that there is on processing centres, both in greece and in italy. tens of thousands of migrants still stranded in these countries. and for all the good intentions that were expressed recently at the brussels summit, not much has changed. is that why perhaps people like matteo salvini are rising in the polls? i think that is why he is in power. it is the cumulative effect really of so many years of migration, more than 600,000 people reached italy‘s shores since 2014. which by and large put matteo salvini in power. and the words he spoke sincejune, when he became the interior minister, the de facto most powerful man in the government, have seen his position rise. he has been to libya, he took an italian air force jet to libya, tweeting pictures along the way. saying that he wanted reception centres in north africa. that hasn‘t happened. but a lot of italians like what they hear from him. butjenny, what we saw happen in saxony last night suggests that the actual numbers of migrants coming into the country do not necessarily have an i

. >> how can you be sure greece won't be back in crisis? is genuine debt relief the only way to ensure that? >> debt relief is something that but has to beve, reimbursed. this is just the taxpayers of other countries money. if you can convince the german people that they have to renounce something like 80 greece,euros of that on and you are much stronger than i am. there are now some short-term and medium-term measures that will alleviate a lot of that burden on greece, and i think we it is on the right track. italy is pushing ahead with revoking the highway concessions in the wake of the deadly bridge collapse. the disaster that left at least 43 people dead has led to a fight to salvage its lucrative tollroad investment and protect its fortune amid rising public anger. can the government revoked concessions or is this a lot of talking? >> if we look at the contract, it is a long process to revoke a concession. the concession lasts until 2038 for atlantia. it looks like the populist government that is considering other ways. they are not tr

in greece, the government finally made an exit from its bailout program. >> greece's bailout program ends today, wrapping up a decade of crises that have transformed the country's economy and its people. how can you be sure greece won't be back in crisis? is genuine debt relief the only way to ensure that? >> debt relief is something that can be seductive, but has to be reimbursed. this is just the taxpayers of other countries money. if you can convince the german people that they have to renounce something like 80 billion euros of that on greece, debt on greece, and you are much stronger than i am. there are now some short-term and medium-term measures that will alleviate a lot of that debt burden on greece, and i think we can say that it is on the right track. >> italy is pushing ahead with revoking the highway concessions in the wake of the deadly bridge collapse. that is despite an offer from the parent company of 500 million euros in aid. the disaster that left at least 43 people dead has led to a fight to salvage its lucrative tollroad investment and protect its fortune amid ri

to talk more about that because one of the big questions that has been looming out there is, is this greece? are we looking every solid over again? are we looking at another situation where the imf, eurozone, whoever, has to come in? guess, has to figure out a way to directly or indirectly get involved here? peter: there are two obstacles to that. doeserdogan has said he not want the imf to come in or anything that smacks of the united states. another thing is a lot of the debts are owed by corporations and banks. the imf is geared toward lending to sovereigns. they would have to come up with a mechanism where they lend to the sovereigns, the sovereign lends to the corporate's. it is not with the imf is designed to do. taylor: we talked with a lot of em investors and they would like to see a $600,000 basis point rate hike to stem the high inflation and they are not. how concerned should we be the independent is from erdogan? peter: it is not independent. something has got to give and we are wondering what it his going to be. orthodoxy,e economic raise rates -- which will cause recession, by

and that raises the specter of, could this be another greece? could this bring down the banking system? most analysts i have read this morning say probably not, the numbers are relatively manageable, but the idea of it has everybody on edge again. the problem is turkey's financials are not good. the budget of us not bad, but they have a large account deficit and inflation is rocketing higher because they overstimulated. so the choices are not very good. and the president had suggested that he does not want any of them, so people are looking at a wall and saying we need a door. alix: to that point, bloomberg spoke with erdogan and he talked about the central bank relationship with the presidential office. here is what he had to say. areow, first of all, you the head of the state. when the people fall into difficulties because of monetary policies, who are they going to hold accountable? they will hold the president accountable. since they will ask the president about it, we have to give off the image of a president who is influential on monetary

they have to make substantial cuts, they have to go through austerities, maybe the way greece did -- cannot affect business fundamentals? david: you have to analyze and look at these things. you are right. in the case of italy, they have a relatively healthy portion,, large portion not economically healthy, of sovereign debt. debt to gdp is 130%. there are a couple things that come to bounce. the public -- that counterbalance. the public sector owns a lot of assets and unlike greece, they can probably go through asset sales to help work on that debt. number two, and more importantly, italy is wealthy. gdpprivate sector debt to is extremely low in italy. you do not see this consumer leverage and business leverage. it is a very wealthy country when you look at private sector debt to gdp. they do have to control spending, they need reforms, but more importantly, they need to start growing the economy. the north grows. the south does not. they have to come up with solutions to energize this economy. alix: are you adding to the current positions or looking for new positions in different i

on itsw greece can walk own two feet and have free access to markets. i really think the amount of somems that it been glass, 450 reforms, make greece a much more secure country. ofsica: worldwide sales alexa cars cracked the 400,000 very in the second quarter, rising 77% from a year earlier. found yound eagles homes, more than half the sales coming in china. found new vehicles homes. global news, 24 hours a day, on-air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm jessica summers. this is bloomberg. yvonne: jessica, thank you. sophie.ing in manipulation will be top of mind in the asian session. sophie: we do have a softer dollar, easing some of the losses we saw early in today's session. below 110.k when you look at the set up on the terminal to check on the currencies that i want to highlight, we do have the yen trading at an eight with high. the dollar selling will continue as the fed is expected to suggest it will keep raising rates its upcoming minutes as well as at the jackson hole gat

greece has completed the last of its three bailout programs. it still has an and norma's task enormous task ahead. it is more than 60% below the level announced in 2010. led the five worst performer since the bailout of banks, all of which have plunged more than 99%. freew greeks can have access to markets and i really think the reforms, the amount of reforms that have been realized make greece a much more secure country. >> global news 24 hours a day on air and on tictoc powered by twitter. im jessica summers. this is bloomberg. hasi: president trump complained that fed chairman jeff powell hasn't been the policy maker he expected. the remarks were made at a republican fundraiser. the first personal criticism of powell to emerge so far. this is something of an escalation of trump's criticism of the fed, which has been building. >> he has been grumbling about rising interest rates. he is now going after his appointee, fed chairman jerome powell on raising interest rates. he said i said this -- he said this at a private event in the hamptons on

that said but what is going on in greece. todayilout program ends after a decade of crises that required more than 300 billion euros in aid. the country remains in facenation and the lenders higher financing costs when the ecb stops accepting government debt as collateral tomorrow. we of the senior research fellow at the overseas of allotment in -- institute. we are talking about this big isnt today, but how free greece going to be to run its policy its own way from here? >> good morning, anna. greece is still as you know, still under significant fiscal constraint. even though they are exiting their bailout program, they will still need to me a fiscal target of surplus in the primary fiscal the of around 3.5% for foreseeable future for the next couple of years. is more important constraint that physical commitment balanced with achieving sustainable growth. both having decent fiscal accounts and achieving pretty good growth as well in the next couple of years. that is a significant double constraint, if you like. anna: as we

that more than offset a marketing greece they had done as well. -- marketing increase they had done as well. good.l, i am doing pretty i'm confident compared to their rivals. how do they compare to rivals? i noticed the performance in china better than european carmakers that reported in the chinese market. >> the performance in china was good. the performance overall versus rivals was quite good. there assumption is right in the middle of what they are reporting. and theydone better were not sounding as many alarm bells as their rivals were. course, there's a lot of the year left to go to see. anna: thank you very much. bloomberg tokyo deputy bureau chief joining us with the latest on toyota. very focused on the trade conversation globally. u.s. commerce secretary wilbur pain unless more china changes its economic system. meanwhile, investors are expecting solid employment figures from the u.s. later today. a lot of talk about with regard to the u.s.. us. great to have you with i am drawn to these comments by wilbur ross. he says they will increase the pressure on china so that china

over irelandorried or greece. i was never concerned because histories are important. europe has a rich history and i whatever is necessary will be done in the end to make sure the euro continues. anna: that was credit squeeze's ceo speaking to tom mackenzie. ranko berich is still with us. when you look at what is happening in the e.m. fx base and see the argentinian peso continue to decline, the rupiah at the lowest despite four hikes since may from the bank of indonesia. and then you listen to talk about how it comes down to current-account deficits. what hope do e.m. countries with those deficits have of supporting their currencies at all? ranko: it depends on the specific currency. are we talking about credible monetary policy, credible fiscal policy? are there reserves? that is additional on top of that. sayingjane is right in it is not a contagion thing were all of e.m. will enter a bear market. in places, you have very good prospects for a rally. in the case of argentina and turkey, they are dealing with currency crises the question monetary policy in turkey and