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tv   [untitled]    August 12, 2021 11:30pm-12:00am AST

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that otherwise and to actually feel as if you were there. oh hello taylor and under where the top stories are now to hear a taliban disease control of more major cities in afghanistan, girls, me, which is just 3 hours from the capital. became the 10th provincial capital to fall in less than a week. they also claimed her at the 3rd largest city, and they also fierce fighting in the countries 2nd biggest city canada. ha, it wrong seems to be heading inevitably towards campbell. the pentagon, descending 3000 us troops to help pull out embassy staff. charlotte better. susan couple was more on the battle for her at residence there. we talked about half a dozen people who all said the same thing that they would tell yvonne and all the streets in the center of town that they had come into town this afternoon. pushed
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through, they had been trying to get into the city for about a month, but they made a breakthrough cross through the front line this afternoon and they broke into the prison. they got into the police compound. they got into the governor's compound that they released all the prisoners residents telling us that that they had prison is one man said my relatives when the prison another in my house. and they could hear gunfire. but they said i was driving through town. that gunfire is not coming from clashes from security force. it is, is it is celebration reagan, fire international invoice have released a final statement. dr. a 3rd day of talks in doha, on the kinda stone crisis. the meeting was aimed at getting african government and taliban representatives back to the negotiating table. invoice of urge, both sides to accelerate efforts to reach a settlement and si fi. i've also res, grave concerns over reports of civilian casualties and extra judicial kidding.
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how's the closing in zambia, where long queues of people are jamming voting centers? the high turn out indicates a tight race between president as going to go and his opposition marvel again, did he to lay man pose went to close hours ago. but i mean law and i was, there's already in the queue to vote still as millions cost about activist say social media platforms have been restricted out here is observing. 3 days of morning after the number of people killed in wildfires rose to at least 69 the government and appealed to international help to tackle the blazes. authorities believe many of the fines was started deliberately. there's lots of stories to stay with us or are there a growing pains continues next. on the back after that, with an usa told me that if you can the news
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the news news news with me. i
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if you drove something positive, it's great watching our kids grow up or seeing a tree dro. we always aware at all it grows must come to an end. there's the limit. nature knows no such thing as infinite growth is room seems to apply to every kind of growth by one economy grows. some are supposed to continue indefinitely. as one person recognized 150 years ago. growth is the fundamental principle of all can amik system. capitalism only works when the economy grows. but callmax recognize something else as well. it is, this grows that it will eventually destroy the system itself. and to day, every reached a point. it's a system about to collapse or might infinite growth actually be possible in the bloom, the company from new york to place
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a central role in the financial system. since $900.00 eighty's bloomberg has provided stock traders and bankers with lightning soft price situations and finance data from around the globe, making it $1.00 of the world's most influential media companies. around o'clock, bloomberg news agency and stock market channel broadcast. glad tidings of the free market. our role in financial markets is a provider of transparency. we provide a huge amount of data, huge amount of numbers on markets, on economies, all companies provided a chronicle of capitalism telling the story of money vitally important to plymouth and central to what does or thing teresa is one of the most important numbers we look for advised a full school on the, on the states for economy steady, solid growth in financial markets, usually reflected in solid state of growth in economics, in demand,
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in job markets. the reason is that people feel welfare. if you look at the textbooks, there should be no limit of growth, but if you look in the newspapers at the moment you get the feeling there is a, is a brain con growth. the central question now is whether, when a cyclical slung, or the something structural is going on. so they get dropped in 2008 my releases mesh systems, empires based upon people's remaining to have confidence in the information they giving out on the promotion of the ideology in the narrative, which finances best ran, which is increasingly become this kind of game show approach. for a period of time everybody wins. and then as number of economists marks kings pointed out, eventually all these names go up a lot and they crush me to those heavy lobbying
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by the financial sector on the government to ensure actually that the financial effect growth could continue. and governments believe that it was in the interest of the economy because everyone told monetarism told them that if you had all this liquidity in the system, then you must be growing. you're really economy. but actually what was happening within that system rather was that you freed up all this money, which was then used to bet on the increases in the value of certain companies and certain shares and the money itself in the system. and the people who were doing that betting will not only profiting from it, but they were also the only people who were regulating the system. so they created a huge unstable and an incredibly unequal system in which the rich got very much richer. really, very foss, who for decades society has been transformed into an enormous market to which this allegedly no alternative the huge sums and
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a few in the financial markets screen for high returns and have penetrated every corner of the globe. new ways are constantly sought to expand profits already industry. yes. the world seems to be getting too small for the capital. aah! when i was a kid, i couldn't afford to fly in an airplane. i actually joined the transport industry before i have a fluid in today, people take flying for granted shape way. we buy goods shaped places, people go to shape the meetings between people and different cultures. over the next 20 years,
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we expect the world to meet 32000 new civil aircraft at the moment around 1000000000 of the people who live on our planet. fly by regularly. the remaining 6000000000. don't yet fly by and it's these people who will be tomorrow's passengers and tomorrow's customers. in addition, for those of those in developed countries who take flying for granted the limit over 6. yes. more than 100 brand new applicants to g, l i. and same charter one airplane machine days. the changes spent takes of the
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years. i neutralize each other. i don't we don't know, even we're currently we have slightly more than 200 pounds in china in 1010. and every year, in the range of 10 or 15 new apples would it be built? imagine if everybody enough on the travel expenses, even a peasant with low cost the business water worker is willing to travel by the market . it is fantastic. you can't imagine. and i, i already seems there's a sign of that. that's why when i look at it, every time i'm asking about the perspective though market, i cannot do measures
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a dimension of this market. when i have a reference of 1400000000, which is even more important than the higher of europe, but more traffic means more pollution. what do you do about that? we made every single effort to try to reduce emissions. but if we look at the social benefits and to the economy of benefits as a ration industry bring to the humanity. and then people may think differently. we are trying to make as well as smaller and smaller to make it a real vintage. ah, the in
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awe for decade grows was kept on that support was debt only a few at the courage to say that the party couldn't go on forever. but no one listened to them in september 2008. the time had come to the house of cards, collect is a black monday for the american capital market. despite dramatic rescue efforts over the weekend, all efforts to keep the world's 4th largest investment bank alive have failed. layman brothers is shutting and stores for good. also, i think a necessary part of the clean up problem that we knew was week. we expected to go. it's not going in the way the people expected it to, but it's gone. the long run. i'm confident
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that our capital markets are flexible and resilient can deal with these adjustments . but there was a deep shock in the system. there was a sense of like this. 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 lasted probably a matter of a few months. in fact, by the end of 2009 and into 2010. the very same companies that had been responsible for some of that off the were still engaging in those same kinds of risky trading procedures that for a while had been stopped in the wake of the crisis. so we learn the lesson, but then we started to get me. the financial crisis was a huge opportunity for governments to free the word from its dependency on
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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 happened. the banking crisis miraculously became a sovereign, that crisis drive it that became public that governments and citizens were subjected to a charity policies. and there was millions of people who suffer to this day, banks and stock market. however, we are keen to demonstrate the sense of normal teeth as soon as possible. in reality, nothing is as it seems. capitalism survived the crisis, but no longer functions. i can wanted 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 is the center of
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capitalism. it's a symbol of something, it means something to that i'm sort of like the weather man for the stock market. i come in every day and trying to figure out what's going on in the stock market. i talked to trading desk. i thought 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 $500.00 is down one and a half percent is one. we have very clear market leaders. and the reason we've had it is because better prospects for earnings in the 4th quarter. remember what the market leaders have been. energy tech and bank lagging today. energy and bank. that's interesting. the human beings wants stories. they don't want an endless list of numbers. nobody's impressed with
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a list of numbers. they want to know what's going on. tell us in plain english what the markets are doing. and that's the real skill set. and often that's not easy because things are very complicated. people have always claimed that capitalism can be evil on capitalism. doesn't help people. i completely disagree. what i see in the last 150 years is millions of people have been listed out of poverty. i personally am a true believer and still believe that the system works well, and i'm committed to that system. underfund i've been to new york because of the stuff in 1000 mention of the pocket sketch did not commit to the point of a dimensions in them to be to take a move in the fall and i didn't start from housing. it's not,
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we're not the 1st part and i was in the, one of the new york stock exchange, but let's go to our new infancy into the machine just about when we are in the acting for the desk type. you're speaking, but it was a name and be given the village off the top not been given. that isn't an even spiking. well, then i can be acting for the come enough for the 100. if have been on question that the i love the shop 1000. if you have meeting with odds, i got side, but it wouldn't continent. bob kind of talks about him getting tied to give him his in the starting developing was docked him. i believe the vital when conflict just wanted to build up on the kids up the the i think will be seen over the last few years. is cracks in the, in the shiny surface of capitalism. and the 1st that's what they look like. you
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know, they just look as though something not quite right on the way the light reflects off it. and that you look more and more closely. you see this, you see that these cracks go right to the heart of the model. they go right to the heart of the basic ideas of capitalism in does capitalism to work, can the system deliver what it promises? providing growth, jobs, and prosperity for all ah, ah, the ongoing joy, smart victory. and that's going on in the mid on, on the come when it comes up. maternity is on the dust,
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white light. you're inside your cup of tea, tcp hop. the life of me up online. bring been unit been corporate top, isn't bob. that's in the end up, i'm going to help you understand that this off. i not took it back to me as not to do that. you can use for me ever since the industrial revolution. machines have been replacing human labor that by causing great societal upheavals. but until recently, they had only replaced the physical labor of human. now machines are capable of doing what makes us human. unique, able to think. it's a completely new chapter in human history, which will have massive consequences on how we live and work.
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i can't technology, thanks watson. can i be watching as a technology on like any that's come before? because rather than force human to think like a computer and interact with humans on human terms, the dentist and so i'm, i'm with him, the cognitive of the instant that even the team and the competency landon, when damage get somebody, be there that one kid. and then don't get any licenses, seem in how to buy something. length and improvement will be and you know, and to discuss something context interprets even have that the same begins to lam, went on goals, title testing, but also the not. i've been with him all talk are you interested in drinking at that rate and understand the notion take an express emotion differently, just having as well. and i think that i may be able to
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relate to the nation and we're just going to interact with them, bringing them showing up by once in, in farms that about to soften and getting tired. even i increase in the level of the trying to clear minds, a thing on, on the food in the league in the future, algorithms and robot would be able to carry out every would previously perform millions of jobs to these new technologies can only grows much in the way of job and that could endanger have to be able to purchase all the nice things mass produced every day when they are not enough people who can pay for them with their wages. ah,
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in with, 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? was there's really no human her mention i really don't believe in leaving the room and letting you know something trade, unintended. it's about being there with the, with the creation that you've worked on. you know, even if i don't,
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i don't know. you don't control it, but you watch it. is it doing everything that you designed it to do? there are many mathematical models that come out of fields such as horse betting that are used in our business as kind of fundamental pieces of about grid by trading. we somehow projects in our capitalist society, this idea that, that this is a safe environment for people to build up, their tire met time. it's actually a hyper competitive environment. and depending on the product there's, there's, you know, sometimes i feel safe for 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. ah, oh,
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financial markets out of control and no longer has any connections to reality. why algorithms and robots produce growth. they only provide work and prosperity for a few. and it's, this grows that's destroying off huge on the planet. the signs that something has gone wrong with our system after come impossible to overlook. so why do we consistently ignore that? this is for tv. the food network puts all the stuff together for me, right? i'm dressing a lot better now that i was before i did tell you know, they, they even higher your styles. you know what i mean? you guys look like. so you obviously don't know what i'm talking about, but you know, this is really nice quote. i come on like the most powerful name in financial television wall street week is back the news skyberg to actually purchase the right the wall street. i view myself as
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a capital artist. ok. 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, that we're not going to grow anymore. well, i should flat out wrong. if you study 5500 years of human history, we know that human beings are designed that great intellectual curiosity and to innovate are so many things that we're going to do over the next 50 years. that's going to shock everybody in terms or capability. we're going to pull asteroids down from the asteroid belt that are loaded with platinum. that will probably be where the 1st trillion air comes from. we're going to unlock the ability to stop aging or to destroy cancer cells in our bodies. all of this innovation is ahead of us,
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and there's a tremendous opportunity for growth. ah, there's a sense of desperation for this strategy. we don't want to be so realistic in the well, we would much rather have a total fantasy for our guiding star. we would like to have this vision the know we don't have to think about curtailing growth. we have to think about making growth, even stronger. we have to go harder for it. we have to make america great. again. we have, we can all be 1000000000 as we can all be, have property, empires, and of course it's an illusion. i think it goes back to exactly that same simple basic fact we live on the final planet. that there isn't the space for the dream of this reinvigorated growth fetish around
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me. we live in extraordinary times. our world is becoming increasingly complex and many disappointed to find that there was of and they used to be what instead of doubting the economic system, they turn to those who have profited from it the most. those who continually promised new groups for these empty promises, more and more people that are apparently willing to sacrifice democracy piece and then vironment capitalism has reached a new level of escalation. but it's no longer suited to the words we live in. it's and it's close then we think ah ah
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ah ah hello there, let's start in australia and things are looking largely fine and dry across central and northern areas. we are expecting a few showers to kiss the coast of queensland. the odd storm or 2 as well for north east in areas of new south wales. but down in the south, the sun is coming through. we could see a shower or 2 here, and it's a similar story for the west since the cloud cover. but the sunshine will break through and the temperature for perth is where we expect to see it. for this time of year. for the weather windy weather, we have to look to tasmania. we've got a coastal wind warning in play and things are going to get wet her across the weekend. but if we hop across the tasman, see this is where we are seeing the unsettled weather. the north island of new zealand seems there's really wet and windy conditions for the south. the sunshine
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on friday, but come saturday that does change. we've got a winter remixed blowing in. there's going to be plenty of snow across the central areas. now we move to east asia, the flood risk is heightened thanks to the may you front that's puffing those heavy rains across china and into japan. western parts of hong shoe are expecting to some really heavy rains and we could see some flash flooding and mud slides with that. the new zealand canadian birds are at risk of extinction. emissions planned to read the nation and if the president sites one of the best, the guys on out 0 me be the hero, the world needs right now. i was,
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ah, i this is al jazeera ah hello, i'm north taylor. this is down there and use our life and on the coming off the taliban. relentless march across afghanistan, gafney and her rach acclaimed by the fighters. kandahar is under threat and us troops dispatched to campbell, high voter turnout across the country decides on its president policy the election is.

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