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Jennifer Jacobs @JenniferJJacobs
, 3 tweets, 1 min read Read on Twitter
Amidst a diplomatic row with the U.S., the lira is in free fall and every prescription for Turkey to rescue its financial markets involves Erdogan backing down.

Not something Turkey’s president is known for.

@AnkaraWonk

bloomberg.com/news/articles/…
A Turkish official meets with a Trump official today.

Turkish Deputy Foreign Minister Sedat Onal meets at 11a with Deputy Secretary of State John Sullivan.

Trump imposed sanctions over Erdogan’s detention of an American pastor, triggering an economic meltdown in Turkey.
Turkish delegation meeting with Treasury Department after the State Department meeting, I’m told.
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Pence, in a briefing with reporters, says he's hopeful the shutdown can be resolved, but Democratic leaders need to accept Trump's invitation to come back to the WH this week "and start negotiating."
The reason Trump is asking for more money now for the border than in his proposed budget is because "things have gotten a lot worse," Pence says. Even the @washingtonpost reported over the weekend there's a "bonafide" crisis, he says.
Pence told reporters the Trump administration wants statutory change to allow children to apply for asylum at embassies in other countries, which would require personnel changes at State Dept.
Read 6 tweets
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BREAKING: Trump has discussed firing Federal Reserve chief Jerome Powell as his frustration has intensified after this week’s interest-rate increase and months of stock-market losses.

Advisers close to Trump aren’t convinced he will try to do it, but say he wants to.
Trump has talked privately about wanting to fire the Fed chair many times in past few days.

Any such attempt would have potentially devastating ripple effects on markets, undermining investors’ confidence in Fed’s ability to shepherd the economy without political interference.
It’s unclear how much legal authority the president has to fire Jay Powell.

And at least one of Trump’s economic advisers, Kudlow, has said a president can’t fire Federal Reserve chair without cause.

That hasn’t stopped Trump from expressing his desire to get rid of Powell.
Read 5 tweets
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"After cheating the IRS for years, lying to banks and to Congress, and seeking to criminally influence the presidential election, Cohen’s decision to plead guilty--rather than seek a pardon for his manifold crimes--does not make him a hero," NY prosecutors said in court papers.
MICHAEL COHEN in court: "I take full responsibility for each act."
COHEN, audibly emotional, says to people of US: "You deserve to know the truth and lying to you was unjust.”

Trump "publicly mocks me, calling me a rat and a liar.''

Cohen says wants to ensure that when history of Trump is written Cohen not recorded as "villain of his story."
Read 6 tweets

Related threads

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There is a possibility of an announcement today. That’s if the collective U.S. government is unable to push back against #Trump - as it did earlier in the year after his comments in #Ohio.

More than anything, this is an extraordinary insult to the recent efforts of Amb. Jeffrey.
#pt: #Trump told #Turkey’s #Erdogan of his intentions by phone on Friday last week.

Coming in the context of Turkish threats to intervene in NE #Syria, the message to the #YPG/#SDF couldn’t be any worse. The US will abandon “the Kurds” again, if #Trump gets his way here.
#pt: Worse still, this’ll be music to the ears of #ISIS, #Assad, #Russia & #Iran.

#Trump isn’t only doing what #Obama did in leaving #Iraq prematurely, he’s doing it in an environment in which #America’s adversaries will benefit: jihadis, #Iran and #Russia.

Unbelievable hubris.
Read 10 tweets
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Details on #Khashoggi affair:
News coming out from #Turkey that President @RT_Erdogan is still hot on the affair, presenting a large list of demands to #SaudiArabia and the #USA, including compensation for the devaluation of the Turkish lira and support to #Qatar and #Egypt MB +
#Turkey has received Khaled al-Faysal 4 times and was agreed to invest $30 bn in the country. In addition, there are tens of Fethullah Gülen in #SaudiArabia that #Riyadh will have to "deal with" to please #Ankara.

#CIA Director didn't listen to the Saudi conversation between the consulate & MBS head office but it seems MBS was also present and his voice seems clear in the taped conversation. Saoud al-Kahtani denied MBS's presence during #Khashoggi's interrogation

Read 4 tweets
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President Erdogan threatened in an op-ed in the @nytimes that #Turkey "has alternatives" to its alliance with the US. He's wrong, but we should be very alarmed. Here's a brief primer on the history of the US-Turkey alliance, warts and all, and what's at stake. 1/24
The US-Turkey alliance is rooted in the Truman Doctrine backed by significant US military and development assistance in the late 1940s-1950s designed to keep Turkey out of the Soviet sphere, and enshrined by Turkey joining NATO in 1952 alongside Greece. 2/24
Put crudely, Turkey joined up with the US and NATO because of the centuries-old threat posed by the Russian (then Soviet) military and the need to keep economic and military parity with rival Greece. It wasn't out of admiration or shared values. 3/24
Read 26 tweets
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Preparations appear to be underway for a pro-#Assad offensive on #Idlib.

12hrs of on/off air & artillery strikes vs. southeastern & western #Idlib & northern #Hama - see marks on map (original by @ETANA_Syria + my additions).

+ multiple large pro-regime convoys moving north.
@ETANA_Syria #pt: If/when any major military campaign gets underway, expect the #Assad regime (+ #Russia & #Iran-backed militias) to focus on these 2 fronts:

1) West #Idlib (Jisr al-Shughour)
2) N. #Hama/#SE #Idlib (Latamineh, Khan Sheikhoun, Kafrazita)

-> a gradual push ‘inland’ & north.
@ETANA_Syria Very good by @theIRC’s @DMiliband:

- The West must “re-assert” itself & protect civilians in NW #Syria & as a backstop, safe-routes should be opened for civilians to flee into #Turkey.

- UNSC must demand full access to S #Syria; for aid, monitoring etc.

washingtonpost.com/opinions/the-w…
Read 83 tweets
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😎😁😂🤣 #Turkey
🤣😂🤣😂🤣😂🤣😂🤣😂🤣😂 #Turkey
🤣😂🤣😂🤣😂 💕
Read 5 tweets
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Holy COW !!
The people of #Turkey need to take action NOW or else this madman #Erdogan will take them to Stone Age era in weeks !
“If they have dollars, we have our Allah,” says #Erdogan to the economic meltdown in #Turkey and the record devaluation of the #Turkish lira against the U.S. dollar.
@aykan_erdemir
The #TurkishLira has weakened to a record low. Here's what #Turkey's president might say in a speech later today. @markets
Read 5 tweets

Trending hashtags

#Erdogan #Turkey #Putin #Genocide #RISK #DavosInTheDesert #Hatay #judges #InterPol #Ghouta #HOUSINGMARKET #France #Obama #vagadefam #Yayladagi #UN #GhostTown #Hezbollah #Moscow #PuigdemontTV3 #Syria #YPG #FoxNews #Khashoggi #Assad

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