the turkish economy is spiraling and turkish president at a one is blaming other countries he speaks of an economic war against turkey so he's appealing to the public for help. yes. if there is anyone who has dollars euros or gold under the a pillows they should go exchange it full liras at our banks. this is a national domestic boxer. this will be my people's response to those who have waged an economic war against us. so well let's look good. this is the second time in recent weeks that the turkish president has called on his people to buy the lira to stop its tumble but to no avail turkey has hit its lowest level against the dollar since two thousand and one it has been folding this year on friday it fell another twelve percent to a rate of over six to the dollar. a tweet by u.s. president trump announcing hi a terrorist on turkish steel and aluminum accelerated the leroy's fall but for the market the crux of the country's economic walls lie with the turkish central bank's monetary policy it has repeatedly bucked market expectations and maintained low interest rates as a result ec

are all victims to provide the shoes turkish food this is not turkish meat pour some vegetables after us this is our signature one of the signature dishes saddam are or. are we were struggling to find this kind of. basically this food is the main food which is. in the house our mothers cooked this food we eat as people these foods seize our child some of the food takes hours to cook and also you can cook it for one plate usually is be a big portion yeah what happens is the local restaurants cook at the pounds and they try to sell so that too little time and when they finish with it they close the restaurant they go right so you are professionals and hungry at five pm you're trying to figure out how you can get your money now there as well so issues around you know you need to pack it but you know it shouldn't leave so it's not only the pace it's not only you know filling your stomach it should look nice also in most western countries people don't have time to cook almost and here the cooking you see traditionally is done by women homes how is that changing it's changing quite fast. wh

turkish stocks look set to fall with turkish futures down this morning. we will keep an eye on that story, the contagion we may face and we have already seen it drive the euro to a one year low. let's get the bloomberg business flash with juliette saly. tesla's board is forging ahead with its review of elon musk's bold and ambiguous gambit to take the electric vehicle maker private. directors will meet financial advisers next week and are likely to tell the founder to recuse himself while they mull his proposal. that is according to cnbc. in an exclusive interview, the coo of soft ink spoke to bloomberg about reports that he had held talks about helping with a plan. whether something happen with elon or month, i would not but if therer way is a deal going on, there is a chance that we are going to be informed or part of the conversation. ceoette: deutsche bank's pushed to get back into growth mode, there is one business in which there are no hiring limits. the private bank in asia is still recruiting, even after bringing on board 100 relationship managers

are over there is to provide michelle's turkish. this is not turkish meatball or something after after yes this is our. signature one of our signature dishes saddam are or. we were struggling to find this kind of if. basically this food is the main. which is. eaten in the house as our mothers cook this food we eat as such people these food sees our child some of the food it takes hours to cook and also you can't cook it for one plate usually is be a big portion then what happens is the local restaurants cook at the pounds and they try to sell so that out to the new time and when they finish with it they close the restaurant they go right to your professionals and hungry at five pm trying to figure out how you can get power you must know there is lots of issues around you know you need to pack it but you know it shouldn't leave so it's not only the pace it's not only you know filling your stomach it should look nice also in most western countries people don't have time to cook almost and here the cooking you see traditionally is done

there was a turkish delegation led by the deputy foreign minister turkish deputy foreign minister just this week on wednesday in washington to talk about this washington had warned before that the imprisonment or detained detention of mr branson is not acceptable those talks on wednesday went nowhere so trump and the white house ministration is. squeezing it a little bit here trying to. make the turks understand that if they don't cough rating and sticking to their reportedly weren't they had given to the u.s. to free branson that they have to face the consequences tariffs is one tool to do this and as the u.s. president on time tries to squeeze president wanted to doing what he wants during i'd like to turn back to you because we heard erica won you know blaming the turkish economy's woes on the west but the turkish currency has been taking for months we have to mention i mean investors really concerned because inflation is at nearly sixteen percent of the central bank is reluctant to raise rates in response which is something that you would normally see a central bank do what is anyo

the turkish foreign minister today. spoke also he had engaged in heavy u.s. anti rhetoric he also said that turkey is ready to talk to resolve this they do want some kind of deal because at the end of the day until they have some reproach mom with us that the u.s. pulls back from its threat of more sanctions against the pressure on the road will be still there whatever economic and financial measures they take our correspondent dorian jones on the story for us tonight from istanbul as always thank you. here are some of the other stories now that are making headlines around the world the afghan military says at least one hundred troops and thirty civilians were killed in fighting with taliban militants for control of the city of taunton four days ago the taliban launched an assault on the strategically important city on the main highway linking the capital kabul with the south iran's supreme leader says he's banning any negotiations with the united states because of the country's quote duplicitous decision to reimpose sanctions ayatollah let me also stress tha

they should go exchange it for turkish lira is at our banks. this is a national domestic bottle. this will be my people's response to those who have waged an economic war against as. our. president trying to impose sanctions on turkey because of its refusal to allow an american pastor andrew brunson to return to the u.s. try and strengthen the sanctions in a twitter announcement which adds insult to injury in turkey's growing economic crisis. turkey accuses brunson of espionage and terrorist activities despite sustained economic growth the lira has lost more than a third of its value the turkish population is bearing the brunt. of course where frayed our income has less worth and prices are rising for food too that's worrying if the turkish finance minister promised state influence on the central bank would be diminished in a bid to win back investor confidence but it's unclear whether this will have a calming effect on the markets. or the word contagion was making the rounds on european stock indices today with traders worry the lira slide could develop into a full fledged europ

policy alternatives he joins us from hyderabad mongo to swami these two currencies the rupee and the turkish leader they're not linked in any explicit way they're not pegged to each other so why is this having such a toxic reaction in india when i don't think you know that we're going to look at the year. the relation to you earlier we're. in the last month what is the you know going to last two months that will tell you it was ok so then confusion different things happening you know as soon as it has increased in one of those sixteen or so billion dollars it's a one or two million dollars worth of believe it was more a little similar to yours yeah i would tell you that was it this year you were active a little as one will that has if it please as well are on the dollar. about it apart from that they use it by a lot of treasury bar go as well that others find for you who is clear. and then family and normally what happens if the dollar is. going to get. together with the people who keep the money abroad or it's you know this is a lot now and that is also ok i'll get one thing now that. i jus

these are higher turkish lira. the turkish later at 24%. the single most important story is turkish debt and u.s. dollar 7.72. a full stick to those are higher yields, lower bond prices. nejra: even with those high heels on turkish bonds, a lot of people say you would not get compensated enough for the risk you are taking with turkey. it is hard to see how the country gets out of these dire straits without taking several measures at the same time. they have not done much to stem the route in the lira. we see the rand we getting the most in almost a decade. there are taking a hit. banks seeing european underperforming, particularly those exposed to turkey. i want to show the 10-year. interesting that we are seeing it rise nine basis points with all the risk off in the markets. tom: that really shows some of that knock on contagion. we will show you these charts through the morning. i will do everything to get those out on twitter for all of you that don't have the terminal. you have the terminal, you can move right along from there. here is

dollar turkish lira. and then you see the turkish large-cap banks there. it looks little changed. what do you see as far as the turkish market open now? way, you would've expected the turkish market to do better. one lesson we have learned is that if the pound falls, the ftse 100 goes up. the banks will be under pressure. in some ways, that will be a factor we need to think about. interesting we had this move coming through. the turkish lira once again under pressure. as we watch the dollar going back up again. versus it was falling the turkish lira and that is reversing. we will talk about south african stories in just a moment. let us go speak to yousef gamal el-din. sef: a belated move by the central bank. drip therapy. it was not the hike that america was looking for. it was not a hike at all. parking of less assets with the central bank freeing up a little liquidity. initially the market was at 6.4. it came back down. the next line will be 7.1 according to goldman sachs. it looks like the central bank is trying to fix a problem without really going to aggressively-- too into

the turkish foreign minister that they. spoke also his body had engaged in heavy u.s. rhetoric he also said that he is ready to talk to resolve that they do want some kind of deal because at the end of the day until they had some approach mom with us that the u.s. pulls back from its threat of more sanctions against the pressure on the road will be still there whatever economic and financial measures they take our correspondent dorian jones on the story for us tonight from istanbul as always thank you for and we'll have more on the turkey's currency crisis with kristoff a little bit later on in the show in our business section. somali now where presidential challengers who say has said that he will reject the results of a runoff held on sunday alleging cheating he's asking the people to rise up against what he calls the dictatorship of fraud no votes are currently be counted in the country's presidential runoff after a tense election that was marred by violence the incumbent ibrahim hooper car coming to is widely expected to win the vote the result is due later this we

are all directories to provide the nation's turkish food this is one turkish meatball or something else here after class day yes this is our. signature one of our signature dishes saddam are or. are we were struggling to find this kind of if. basically this food is the main. which is. eaten in the houses our mothers could cook this food we eat as people these foods seize our child some of the food it takes hours to cook and also you can't cook it for one plate usually is to be a big portion then what happens is the local restaurants cook it in pounds and they try to sell so that too little time and when they finish with it they close the restaurant they go right to your professionals and hungry at five pm trying to figure out how you can get power you must know there is lots of issues around you know you need to pack it but you know it shouldn't leave so it's not only the pace it's not only you know filling your stomach it should look nice also in most western countries people don't have time to cook almost and here the cooking you see traditionally is done by women homes how is that ch

they should go exchange it for turkish lira our banks. i have just authorized a doubling of terrorists on steel and aluminum with respect to turkey as their currency the turkish lira slides rapidly don't work against our very strong dollar . this is a national domestic bottle. this will be my people's response to those who would waste an economic war against us. let's look to. our relation to turkey are not good at this time. also coming up why no pilot striking across europe they want better pay and conditions at the budget airline. when there was the respective sort of movies we talked to all of the pilots and even the old school for discovering truth. and stories coming up but first it's always awkward when your friends fight but when the two friends are nato partners well the world can't help but stop and watch traders two are watching with concern as the united states and turkey swap tit for tat sanctions but while the spat is officially over tariffs at least part of the disagreement seems to stem from refusal to release an american

the turkish president of course is one of the most consequential leaders of turkish politics. he has 113 nationwide ballots, always stacks out in his favor, one at least the first ten of these after free and fair elections, so thinking of his electoral, political vision and turkey has local elections coming up next spring, how would you look at how he is handling the crisis? i would argue that he's not fully escalated, the sanctions that turkey has slapped compare in size in terms of the damage they cost the u.s. sanctions, maybe smaller, and also he has shied away from personally targeting president trump, he has never said president trump in his commentary, he often says they were he does something the turks love to do, use of the passive voice reader have to talk about a pronoun so he's clearly avoiding putting president trump as his target but he currently hasn't taken steps to de-escalate so where do you think he is taking this taking into account his politics and strategy and the state of the economy. this is also a chance for you to agree or disagree with each other. i

said the turkish there which has been the focal point for most investors and you know i think the basic problem as i keep coming back to is that. when the economic institutions have being largely hollowed out turkish president air to one blames among others u.s. president donald trump first starting the crisis by doubling tariffs on steel and aluminum he also called into question the relationship with nato and implied that turkey would be willing to go to war everyone is also attacking critics who speculate in social media about the condition of turkish banks that in their economic terrorists on social media the judiciary has taken measures we have pushing them with the capital markets board and will impose the necessary punishment once we seize them these are all traders everyone is warning turkish businesses not to declare bankruptcy and he's also calling on turks who live abroad to buy turkish lira using their euro or dollar savings but in berlin district where a large number of berlin's turks live not many are prepared to make that investment . goes i live in germany i don't need an

we round up turkish news. this is bloomberg. ♪ ,rancine: president erdogan will it be all talk and no action? the lira plunges. other em currencies drop. european stocks follow asia into the red. on reports that its board is meeting with advisers next week. to recuseers ask musk himself? we talked about contagion. we are looking at what is happening having a ripple effect across the board. it is moving euro, bonds, currencies, yet. -- yen. in ino those just tuning north america, this is radically different from yesterday. we have been using the word idiosyncratic way too often. today is not idiosyncratic. francine: it touched a record low. it is very difficult when you look at market participants of whether president erdogan can stop the rash. bloomberg first word news. here in london is sebastian civic. plunging even further. there are concerns of runaway inflation and worse relations with the u.s. meanwhile, the spanish bank and unicredit are falling today, possibly from exposure to turkey. there is concer

and turkish officials did not go well. we are seeing stabilization in the turkish lira. rv investors catching their breath -- are the investors catching their breath? get into a little more detail as the morning goes on. numbers have it the tape, that headline. we saw prices ratcheted higher by 70% in the first half of the permits, the emissions up by 83%. they are saying the first half is at $870 million. the market has estimated 823. this is a comfortable lead for rwe. now concentrate on the business of generation. burden.ces the debt that was one of the top lines coming through here. anna: picking up on the breaking news. we have numbers hitting the bloomberg. first-half net income for this 561 million swiss francs. they have also named a new cfo. rate.get to the risk we will show you where we are with equity markets in the asian session. steady in the first half of the day. asia-pacific up by 4/10 of a percent. japanese markets not weighed down by the strength of the yen. chinese data was pretty weak. a bit of a rough patch. retail sales in the industrial production

he restructured the turkish financial. sector he was able to lower the unemployment rate and there were stunning growth rates that supported his political agenda his presidency and he used this spring of obviously for his first political purpose but then as i mentioned failed to act as the turkish economy has for long been showing signs of or overheating. it was even more reluctant to intervene economically after the failed coup attempt two years ago and if you look at the picture now inflation is red hot at sixteen percent and right and. credibility when the credibility was built before this coup attempt. that was the group in two thousand and sixteen ever since then it's been a completely different situation there's talk now we've got the economist openly saying that the international monetary fund may have to offer some sort of a bailout. do we even know we're air no one i mean would even take it i mean he probably would have a choice but he's not even imitating that idea right now we see no big and big oh he says he's

imports the turkish president aired a one is a defiant saying his country would emerge victorious in an economic war. you are. welcome to the program i'm mary and i haven't seen. hundreds of people have been injured in clashes between police and anti-government protesters in romania tens of thousands rallied in the capital bucharest and other cities to demand the resignation of the government they blame the ruling social democrats for endemic corruption and. thousands of furious romanian ex-pats also joined the protesters ranks based say corruption and poor financial prospects forced them to leave their country. hundreds of people needed medical attention after anti corruption protests turned violent and bucharest. police used water cannons and tear gas after some protesters tried to force their way through to government buildings. romanian president close your highness condemned the police quote disproportionate use of force after what had started out as a peaceful day of protests. thousands of these expatriates had come all the way back to romania to protest against the current sta

the we were up plunges to record lows after donald trump ramps up tariffs on turkish imports turkish president wretch of type barely won is defying saying that his country would emerge victorious in an economic war. also coming up thousands of tourists left going nowhere as ryanair pilots walk off the job at europe's biggest budget airline and they can't where shocks and dreams go up in flames as more refugees arrive in spain we look at the precarious existence that they often face on spanish soil. welcome to the program. u.s. president donald trump has stepped up his political pressure on turkey with new tariffs sending that country's currency into freefall in a tweet early on friday trump said the following i've just authorized a doubling of tariffs on steel and aluminum with respect to turkey as their currency the turkish lira slides rapidly downward against our very strong dollar our relations with turkey are not good at this time. i'm trying to tariffs this increase here appears to be over on her resume fusil to release an american priest in pastor who was charged with terrorism

ramps up tariffs turkish president erred on says his country would emerge victorious in an economic war. thanks for joining us i'm area and. hundreds of people have been injured in clashes between police and anti-government protesters in romania tens of thousands rallied in the capital bucharest and and other cities to demand the resignation of the government they blame the ruling social democrats for endemic corruption and low wages thousands of furious romanian ex-pats also joined the protesters ranks they say corruption and poor financial prospects forced them to leave their country. i'm not too far in the romanian capital. leaving hundreds injured. bitterest police fired water cannon and tear gas at protesters after some tried to force their way through to government buildings. it started as a peaceful day of demonstrations the crowd swelled by thousands of romanian ex-pats . they'd return to voice angered what they say has forced them to leave the country low wages a lack of opportunity and above all government corruption. but what i'd like to change first the corrupted leaders in

they should go exchange it for turkish lira is at our banks. this is a national domestic bottle what this will be my people's response to those who have waged an economic war against as. your good. of get coverage now of this we have team coverage in fact in istanbul dorian jones is standing by and in washington we have stefan seaman's welcome to you both and dorian i'd like to begin with you because we just heard the turkish president saying that his country is in an economic war is it. listening to the president he said this is nothing to do with financial economic reasons why the currencies on the pressure this is the result of on loan where unnamed western powers trying to remove him from power he said they try to do this two years ago with a military coup they failed now they are trying to use the currency rate. as a new way of removing him from power and he said that this is a new war of liberation to defend the country calling on people to defend the lira by selling there are foreign currency for investors they say this is simply about f

who or what can rescue the dwindling turkish economy supporters of president richard type add to one hope that he can say for the day but critics say he is the problem we go to istanbul to learn more about how the crisis impacts the business. hello and welcome to do business i want to get joan good to have you with us and we're starting with the ongoing problems in the turkish economy bilin has ruled out financial aid to the country which is going through a major economic crisis the lira has lost half its value this year while inflation and the unemployment rate are increasing critics say that the country's president trichet type ad one once the face of the prospering turkish economy is now keeping the country from overcoming the current crisis. whether it's a bridge over the bosphorus and istanbul subway system or an imposing mosque he's president richard no one is known for his big ambitions. the country's construction sector has traditionally been an engine of economic growth. but recent events have put the brakes on turkey's economy turkish banks and companies have accumulated fo

[man speaking in turkish]

turkish relations since the u.s. congress imposed a total arms embargo on turkey right in the at the height of the cold war. on friday u.s. president donald trump tweeted that he was doubling steel and aluminum tariffs on turkey saying our relations with turkey are not good at this time the latest move comes during a diplomatic route over this man an american pastor named andrew bronson he was accused of spying for the united states arrested and jailed in the aftermath of the twenty sixteen coup the u.s. denies the charges defended by even jellicoe christians like vice president mike pence pastor andrew bronson is an innocent man. there is no credible evidence against him after july nato meeting trump thought he had a deal to secure brunson's release instead brunson was placed under house arrest when his trial continued outraging trump the u.s. responded leveling sanctions against the turkish interior and justice minister the dispute over the pastor is just part of an escalating feud between trump and. last year amer

the turkish foreign minister engaged in heavy anti-u.s. rhetoric and said that turkey is ready to talk because they want some kind of deal. until they had some kind of rapprochchement with the u.s., e pressure on the lira wilill be still there. brent: our correspondent doriain jones on the story for us in istanbul. thank you. we will have more on turkey's currency crisis a little bit later on in the show. to mali now go where the presidential challenger says he will reject the results of a runoff held on sunday, alleging cheating. he is asking the people to rise up against what he calls the dictatorship of fraud. votes are currently being counted in the country's presidential runoff after a tense election marred by violence. the incumbent is widely expected to win the vote. the result is due later this week. reporter: strict checks at polling stations. security measures were once again stepped up for mali's presidential election runoff. voters chose behind income -- between incumbent and the opposition leader. the 73-year-old said he was c

imports of those key industrial metals mr trump's tweet also referenced the turkish lira slide the lear is a value on currency trading markets fell over eighteen percent as measured against the dollar after president said quote we are facing economic attacks today and we need to defend our country prompting mr trump's tariff raising tweet bloomberg reported this morning that the turkish lira is now the worst performing currency of twenty eight team edging out the argentine peso and it may have farther to fall as the end of the easy credit era continues to deflate the turkish economy mr trius latest international confrontation was prompted by the white house imposition of sanctions on turkish officials over the case of a u.s. pastor who has been charged with complicity in a coup attempt against mr heir to watch. and other currency and sanctions news in the region next door to turkey the value of the russian ruble is seguing has hit

everyone is also attacking critics who speculate in social media about the condition of turkish banks as it in their economic terrorists on social media the judiciary has taken measures we are pushing them with the capital markets board and will impose the necessary punishment once we seize them these are all traders everyone is warning turkish businesses not to declare bankruptcy and he's also calling on turks who live abroad to buy turkish lira using their euro or dollar savings but in berlin district where a large number of berlin's turks live not many are prepared to make that investment . i live in germany i don't need any lira when i'm in turkey no problem i've done it before. why should i do that who's going to pay my rent i buy lira and then watch how does my rent get paid. the fall of the lira is a very popular subject among turks in germany almost everyone has friends and family there the immediately hear how the situation is deteriorating from day to day. now for some more analysis let's bring in gary gareth jenkins he's a turkey expert at the institute for security and dev

nationals that are being held the three turkish nationals that have been working at u.s. consulates throughout to ricky and are being held on the scene charges the wrong brunson has been. detained not so you think that the release of pastor brunson could play in the midterm elections. you know i definitely think that i don't think of the trumpet ministration as thinking that widely i think that any six any political points that they can score i think right now you have to also take a look at trump on the world stage mean he really took a lot of flak for his appearance with a lot of your in helsinki and the way that he deflected. you know the notion that russia could have hacked in on our of the american elections and you even saw his his traditional base push back on him i think trump was feeling a little fragile on the world stage his performance at the nato summit last month did not go well it certainly did not go well when he went to canada for the g. seven summit and so i think what he's looking for is easy political points and you know meeting with kim jong un you kn

washington and ankara the leader of plunges to record lows after donald trump ramps up tariffs the turkish president says his country would emerge victorious in an economic war. plus a taking charge of one of germany's most storied soccer clubs that can go down five hundred return barossa dortmund to the top of the bundesliga. welcome to the program i marion i haven't seen. hundreds of people have been injured in clashes between police and anti-government protesters in romania tens of thousands rallied in the capital bucharest and in other cities to demand the resignation of the government they blame the ruling social democrats for endemic corruption and low wages thousands of here is remaining ex-pats also joined the protesters ranks base a corruption and poor financial prospects forced them to leave their country. i'm not violence in the romanian capital. leaving hundreds injured. book arrest police fired water cannon and tear gas at protesters after some tried to force their way through to government buildings. it had started as a peaceful day of demonstrations the crowd swelled by thou

economy nobody is quite vulnerable and the turkish political system. and the country is is quite stable so here we have a strong political leadership but a vulnerable economy and unfortunately when it comes to the latest issues for instance yesterday's trump tweet was a direct. intervention or economy intervention for political purposes so the problem is not really economy when it comes to the church american relations we know that trump trust has been trying to instrumental eyes economy develop economy relations for political purposes so the end game for turkey the majority of turkish people think that yes no it is the turkish state is in a trance eatery period turkey is political and domestic struggle domestic structure has been restructured redefined so they will remain intact behind the leadership of the one this is my expectation and the leader of your party meddle action at the leader of the c.h.p. the main opposition party they all meet explanations and they all blamed that from administration for the latest economic intervention so at the end y

turkish government has taken some measures in order to stop the developer ation of the turkish foreign still iraq the central bank increase the liquidity for the banking sector yesterday on the other hand today the investor ministry announced that they act awaited one point two billion dollars for the turkish industrialists production along with some other measures taken by the finance ministry however the business world in turkey warns that immediate actions should be taken without getting late without being late and one of the steps that is the demanded by the markets and international markets is the hike is the increase of the interest rates by the turkish central bank however according to the school of thought that the present hour don and his economic team represents this is impossible for turkey because they see it as a pressure by the international markets by foreign powers and turkey and they wouldn't bow down however the latest decline of the turkish euro has some impacts on the european countries as well along with some other markets the turkish private sector has a depth of

door to village definitely needs to get his turkish t.v. program up and running and to really create an alternative source of information in turkey the way radio free europe and other did during the cold war towards the east this is so important that the turks at north turnitin narrative of what actually people in the west feel about while we are offering this economic help which we should. waiting for the government to do this and we should all know it's not it's not happening. it's not happening i think it should happen turkey's government violates human rights turkey has arrested german citizens the. court as we've heard has prevented german parliamentarians for visiting troops in the field serving for nato in turkey and you'll saying there should be a softly softly approach and bolts further sanctions on turkey as i understand it. yes firstly the softly softly approach seems to of work for instance with my colleague dennis eugen who was imprisoned on trumped up charges no pun intended accused of spying simply for doing his job and there

economy nobody is quite vulnerable and the turkish political system. in the country is is quite stable so here we have a strong political leadership but a vulnerable economy and unfortunately when it comes to the latest issues for instance yesterday's trump tweet was a direct. intervention or economy intervention for political purposes so the problem is not really economy when it comes to the church american relations we know that trump truck has been trying to instrumental eyes economy develop economy relations for political purposes so the end game for turkey the majority of turkish people think that yes no it is the turkish state is in a trance eatery period turkey is political and domestic struggle domestic structure has been restructured redefined so they will remain intact behind the leadership of the one this is my expectation and the leader of your party merrill action at the leader of the c.h.p. the main opposition party they all meet explanations and they all blamed the trunk administration for the latest economic intervention so at the end y

nationals that are being held the three turkish nationals that have been working at u.s. consulates throughout to ricky and are being held on the scene charges the wrong brunson has been. detained not so you think that the release of pastor bronson could play in the midterm elections. you know i i definitely think that i don't think of the trumpet ministration as thinking that widely i think that any six any political points that they can score i think right now you have to also take a look at trump on the world stage mean he really took a lot of flak for his appearance with a lot of your in helsinki and the way that he deflected. you know the notion that russia could have hacked in on our of the american elections and you even saw his his traditional base push back on him i think trump was feeling a little fragile on the world stage his performance at the nato summit last month did not go well it certainly did not go well when he went to canada for the g. seven summit and so i think what he's looking for is easy political points and you know meeting with kim jong un you

if anyone has dollars euros or gold under their pillows they should go exchange it for turkish lira is it our banks this is a national domestic battle this will be my peoples response to those who have waged an economic war against us. president trying to impose sanctions on turkey because of its refusal to allow an american pastor andrew brunson to return to the u.s. trying to strengthen the sanctions in a twitter announcement which adds insult to injury in turkey's growing economic crisis. turkey accuses brunson of espionage and terrorist activities despite sustained economic growth the lira has lost more than a third of its value the turkish population is bearing the brunt. of course where frayed our income has less worth and prices are rising for food too that's worrying . the turkish finance minister promised state influence on the central bank would be diminished in a bid to win back investor confidence but it's unclear whether this will have a calming effect on the markets. covering the story for us from washington stefan talk to us about the timing why is trump going after turk

this is deja vu news live from berlin once a diplomat now branded a terrorist this former turkish naval officer was caught up in the purge following the attempted coup two years ago in turkey now he lives in belgium where he's been forced into exile and speaks exclusively to de w. also coming up the u.s. imposes new sanctions on russia in the case of the poison the excess body and his daughter how will this affect president trump's efforts to improve relations with the kremlin we'll get the latest from washington. and bell are also arrests journalists among them w.'s correspondent paul york because he could be the beginning of a crackdown on the media there. i'm dr thomas thanks so much for joining us we're starting this program with the story of a former officer of the turkish navy now living as a refugee in belgium now this man is one of thousands of military personnel purged by the turkish government for allegedly taking part in the failed coup two years ago many other officers like him have been accused of terrorism and are now behind bars in turkey in this exclusive report terry sc