the time had come the house of cards collapsed it's a black monday for the american capital market despite dramatic rescue efforts over the weekend all efforts to keep the world's fourth largest investment bank alive have failed lehmann brothers is shutting its doors for good it's also i think a necessary part of the cleanup process i mean we knew it was weak we expected to go it's not going in the way that people expected it to but it's gong. to. the long run i'm confident that our capital markets are flexible and resilient and can deal with these adjustments. all right so that. there was a deep shock in the system there was a sense of my goodness we can't let this happen again governments have to have a better handle on this system and for a while there were attempts to do that it lost it probably a matter of

a few months in fact by the end of two thousand and nine and into two thousand and ten. the very same companies been responsible for some of that disaster was still engaging in those same kinds of risky trading procedures that for a while had been stopped in the wake of the crisis and we learned a lesson but then we forgot it again. the financial crisis was a huge opportunity for governments to free the world from its dependency on financial markets and to change the system. but they wasted it instead they did all they could to revise the old system spending trillions of dollars to save the banks . then something incredible happens the banking crisis miraculously became a sovereign debt crisis dr addends became public that governments and the citizens press objected to a sturdy policies under which millions of people suffer to this day. thanks and

stock markets however keen to demonstrate a sense of normalcy as soon as possible in reality nothing is as it seems kept the business survive the crisis that no longer functions like it once did. even though it's not as busy as it used to be this is still the center of capitalism you can look at all the tourists who are outside the building taking pictures they all still believe this is the center of capitalism it's a symbol of something that means something to that. ten percent i'm sort of like the weatherman for the stock market i come in every day and try to figure out what's going on in the stock market i talk to trading desks i talk to analysts i talk to people who know a lot about the stock market and i go on the air and on the internet and explain what's going on. remember the s. and p.

five hundred is down one and a half percent this month you have very clear market leaders and the reason we've had it is because of better prospects for earnings in the fourth quarter remember what the market leaders have been energy tech events lagging today energy tax and banks that's interesting they're mixed. but it's you know if i just change crowd are. human beings want stories they don't want an endless list of numbers nobody is impressed with a list of numbers they want to know. what's going on tell us in plain english what the markets were doing and that's the real skill set and often that's not easy because these are very complicated. people have always claimed that capitalism can be evil and capitalism doesn't help people i completely disagree what i see in the last hundred fifty years is millions of people have been lifted

out of poverty i personally am a true believer and still believe that the system works well and i'm committed to that system. at the underfund and the new york about the fund that fell from two thousand mention of the market. committee of dimensions in time to get attention because you can just fall into a dozen shots which tells me it's in the wind as the hell is defense hard enough housing is one of the new york stock exchange this is a list the average i was in his first published it. is in this it's the machine just about wins. we are in jackson cause the death had just eaten by the want to name in me a given of every chuffed a top not been given and is going to name well. let's come on the awful scene and be among the hostages have been known to shoot at the i love village often belzer

if you have been in with our side long outside but it was in one town wow kind of talks to me getting tied to given a sinking truck since trying to browse and cause them to mock police to buy towels or competition from de ville just one day early keyed up. i think what we've seen over the last few years is cracks in the in the shiny surface of capitalism. and a first that's what they look like you know they just look as they say something not quite right on the the way the light reflects off it and as you look more and more closely. you see this you see that these cracks gay rights and also the model they go right to the heart of the basic ideas of capitalism. capitalism is to work.

the system deliver what it promises. providing growth jobs and prosperity for all. the on both sides because your new smart factory in the see this is just. a little too long. in this middle unlockable it's you can see sober up to. the traditions as long as it's you just like you're in study of a cup of tea it would be a hard life in the soft. on lot of. unix boxes been diminished. but that's in the city on the bend us on the on the bad self you can file to. understand. this is all fine not talk as it's box that was on the top is that's been the truth is that's come most mishmosh least.

ever since the industrial revolution machines have been replacing your labor thereby causing great societal upheaval it's. but until recently they had only replaced the physical labor of humans. now machines are capable of doing what makes us humans unique they are able to think it's a completely new chapter in human history which will have massive consequences on how we live and work. can technology thank watson can. i mean want to know the technology unlike any that's come before because rather than course human something like a computer watson interacts achievements on. human terms. sepsis twenty students is among the dead because cockney teef east on to this jesus team and off to compliment them and when dom it's been

a star kids and kids and so i sent his team in how to buy something langston imports in full view in the high end of the discus something contex into the tube in heaven into system begin to laugh when time goes entirely deceive us also did not have hospital was just him all talk and on to it. if you're interested in checking it that you're a spectator stand evolution's it makes this whole notion take great great gesture. as well as picture the rights of a mystery mission get guess who can be able to do it the right people don't think it's to keep me in self role to interact with thinking i'm showing. a. visit misstep by one zoomed in on a farm said bob so shuffle and get untied here i can finish my work. then never get off the indians i nuclei t.v. ted some mindsets building. and just how true in extremis affair next to him is

previously. in the future agribusiness and robots will be able to carry out nearly every would seem to previously promptly. have jobs who. these new technologies can somebody can order a growth but that much in the way of justice and that could endanger capitalism itself. to be able to access all the nice things mass produced every day and there are not enough people who can pay for them with their wages. in financial markets algorithms have long since been running the show computers interact with other computers and fractions of seconds without any human input.

in this room that's what we do here we have an on off switch right moves there's really no human in our bench and i really don't believe in leaving the room and letting you know something trade unintended it's about being there with the creation you know you've worked on. you know even if i don't i don't know you don't control it but you watch it is it doing everything they designed it to do there are many mathematical models that come out of fields such as horse betting that are used and are business as kind of fundamental pieces of algorithmic trading we somehow project and then our couple this society this idea.

that that this is a safe environment for people to build up their rear tire meant top is actually a hyper competitive environment and. depending on the product there's there's you know sometimes i feel safer going into a casino than trading certain products in our space i mean. it is a very different world than the way it's advertised to the general public. financial markets out of control and no longer have any connections to reality. why the algorithms and robots produce growth they only provide work and prosperity for a few and it's this growth that's destroying our future on the planet. the signs that something has gone wrong with the a system that's become impossible to overlook so why do we consistently ignore them .

this is for t.v. the network was always stuck together for your. time trusting a lot better now than i was before i did you know because they even hire you style you know to me. you guys look like so you obviously don't know what i'm talking about but you know this is a really nice quote. i call it one of the most powerful name in financial television wall street week his back yes the news guy bridge actually purchased the rights to wall street leaders i view myself as a capital artist again this company that i've created is my campus. i know you guys in the media don't like capitalism but you know someone's had to pay for the camera and the microphone so i mean at the end of the day the capital system is the only system that we've been able to design that works. let's talk about growth ok there is a perception right now in these elitist academic salons ok now we're not going to

grow anymore well that's just flat out wrong if you study five thousand five hundred years of human history we know that human beings are designed to have great intellectual curiosity and to innovate there are so many things that we're going to do over the next fifty years is going to shock everybody in terms or keep ability we're going to poll asteroids down from the asteroid belt or low to platinum that would be where the first trillionaire comes from we're going to unlock the ability to stop aging or destroy cancerous cells in our bodies all of this innovation is ahead of us and there's a tremendous opportunity for growth. that's a sense of desperation so this strategy that we don't want to base a realistic in the world we would much rather have. you know a total fantasy for our guiding star we would like to have this vision that we

don't have to think about detailing christ we have to think about making grows even stronger we have to go harder for it we have to make america great again we have we can all be billionaires we can all we have property and of course it's a little asian i think it goes back to exactly that same simple basic fact we live on a file a planet that there isn't the space for the dream of this reinvigorated the regs fetich this is. just. we live in extraordinary times our world is becoming increasingly complex. and many are disappointed to find that they are worse off than they used to be. and instead of doubting the economic system they turn to those who have profited from it the most those who continually promise new growth. for these empty promises more and more people are apparently willing to sacrifice democracy peace and then vironment.

capitalism has reached a new level of escalation but it's no longer suited to the world we live in. it's and it's closer than we think. from the neon lights of asia. to the city that never sleeps. hello thunderstorms are returning to northern argentina not quite the same place where they were the cause the flooding up in the northeast but near the capital but the heaviest rain the last twenty four hours actually in brazil down

the southeast part of this line extends up into peru where there's been a similar amount of rates of eighty millimeters in twenty four hours sundry stuff this is surprisingly hasn't yet produced the same amount of rain but the potential is still there as it is still around rio or star power there's detention essence young again paraguayan is exceeding the heart i know it's summer but forty is on the high side and the pattern continues into saturday north of the constant for the most part that is wearing columbia are still dry that's true we're struck the caribbean so very obvious line here that was an active front that brought some wind damage to florida now it brings maybe some decent thunderstorms with rain for the bahamas western cuba and then a concentration down in the yucatan particularly billie's and then touching the tomato or more likely i think home douras so in the u.s. then the that same fronts this one here has taken winter up through canada so it stop snowing now in this big white mass here really represents the depths of cold

she's creeping slowly eastwards. the weather sponsored by cattle and nice. weather online through the literature for them not to be flooded or if you join us on sat all of us have been colonized in some form or some fashion this is a dialogue brianna talking about your friend you have seen what it can do to somebody people are using multiple drugs including the funnel and some people are seeking it out everyone has a voice from the fear of garcia twitter and you could be on the street join the global conversation on how to zero. this is al jazeera.

columns the whole room and this is the al-jazeera news our live from doha coming up in the next sixty minutes roger stone a longtime associate of donald trump is a arrested on charges linked to the russia election meddling investigation. also the u.n. gets its first close up look out an island where bangladesh plans to send about one hundred thousand running go refugees also. here venezuela's military commanders line up in support of president nicolas maduro but the world is divided on his future plus. a lot of guards a. beach but people are so. we'll ask people about their hopes for change under the new congolese president felix katie. and with all the day's sports world number one know that reaches the seventh korea all strangely an open final with an easy straight six semifinal win over luke up we get more later in the program.

welcome to the news the u.s. president's a close ally roger stone has been arrested as part of special counsel robert miller's investigation into possible russian collusion in the twenty sixteen election stone was arrested at his home in the state of florida following a grand jury indictment he's been charged with obstructing official proceedings making false statements and witness tampering stone is due to appear in court later on friday so who is roger stone while a self described dirty tricks the sixty six year old began his career.