tv [untitled] August 17, 2021 3:30pm-4:00pm AST
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will be challenged and that's what people expect to us. they want the questions answered, that is what we've always done. that's what we will continue to use the clock and the top stories here on al jazeera and the taliban is trying to ease fizz enough chemist. on 2 days after it took control of the capital, the group is declared and misty across the country and is urging women to join it's governments will last monday scenes of desperation. the situation a couple airport is stabilizing with military evacuation flights now, resuming hundreds of afghans earlier run onto the tarmac to escape taliban rule across from the rubber. brian has more from couple on the streets themselves of
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kabul this tuesday. this is day 2 of us. taliban rule, if you like, there has been an increased presence in the number of taliban on the streets. they are far more prominent. and also we do hear from the taliban that you know, they have instructed taliban fighters that they should respect people's right. they should not go into people's homes without being invited. they do seem to be very conscious of the way they're perceived and telling that taliban people effectively to behave themselves. survivors of a powerful earthquake in haiti and now having to cope with a tropical storm, heavy rain lash make chip shelters, and the substance if you're one of the worsted areas, $1400.00 people have known to have died in saturday. quick thousands more. we left homeless many say they're still waiting for aid from the government to arrive at my budget. what's up? the situation is very hard. i have many children and we're in the rain. i don't even other piece of plastic to cover us to sleep. we are in the rain,
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we have no place to go to. school shelter is not open. where are the authorities, firefighters in north america try to stop to fire as it have destroyed, large sways of forest. they started on saturday is a heat wave scorched country temperatures. of reach $49.00 degrees celsius authorities say they've managed to prevent the fires from reaching residential areas so far. in spain. as the scrambled to extinguish dozens of far as far as triggered by a record breaking the heat wave, the central problems of a via saw some of the worst fires. he's ill and is moving into it's not locked down for 3 days after reporting at 1st local cobra, 1900 infection in nearly 6 months the case was detected in oakland authorities working to trace his origins still not confirm whether the latest case is a highly contagious delta. very good. today with headlines, more news coming up here and now it's a 0 right after we return to growing pains i
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if you drove at something positive it's great. watching our kids grow up or seeing a tree dro. mm. it we always aware and all grows must come to an end. there's no limit. nature knows no such thing of infinite growth. israel seems to apply to every kind of growth but one economy grows. some are supposed to continue indefinitely. as one person recognized 150 years ago, the growth is the fundamental principle of all economists. system capitalism only works when the economy grows. but calm ox recognize something else as well. it is this growth that it will eventually destroy the system itself. and today, after we reach that point, it's
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a system about to collapse on my infinite growth actually be possible in the bloom, the company from new york to place a central role in the financial system. since 900 eighty's bloomberg has provided stock traders and bankers with lightning fast prize separations and finance data from around the globe, making it one of the world's most influential media companies. around the clock, bloomberg news agency and stock market channel broadcast, the 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 market, on economies. all companies provide a chronicle of capitalism telling the story of money vital, importing to believe that the central, luckily i think theresa is one of the us department numbers. we look for advice school on the, on the state for the economy, steady,
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solid growth in financial markets, usually reflected in solid, sustainable growth in economic sentiment and job market. reason is that people, philadelphia, if you look at the textbooks, there should be no limit to growth. but if you look in the newspapers at the moment you get the feeling there is a, is a, a brain con growth. the central question now is whether, when a cyclical slum or the something structural is going on. so they get dropped 2008 my release as much 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 finance has been 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, canes,
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and pointed out is eventually all these menus go up a lot in the crush me to those heavy lobbying 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 the monitors and told them that if you had little credit 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
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market to which there's allegedly no alternative. the huge sums and very 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 in the tray. yes. the world seems to be getting too small for the capital. i use the me when i was a kid. i couldn't afford to fly in an airplane. i actually joined the transport industry before i ever flew in her. today, people take flying for granted its shape way. we buy goods shaped places,
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people go to shape the meetings between people and different cultures. over the next 20 years, we expect the world to meet 32000 new civil 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 us in developed countries who take flying for granted, the delivered over 6. yes. more than 100 brand new airplanes, g, l i, and same charge on airplanes. every day,
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the changes spent takes of the years i live in teacher and i don't we don't do all the world gone for a couple, you know, you've been, we're currently we have slightly more than 200 calls in china in tempter. 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
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a sign of that. that's why when i look at it, every time i'm asking about the perspective though, the market. i cannot measures 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 add to the economy, benefits was 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 real. ah,
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the in the 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 queens, it's a black monday for the american capital market. despite dramatic rescue efforts over the weekend, all efforts to keep the world 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 process. elaine we knew was weak. we expected to
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go. it's not going in the way the people expected it to, but it's gone. the long run. i'm confident that our capital markets so flexible and resilient can deal with these adjustments all. 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 have been responsible for some of that off the we're still engaging in those same kinds of risky trading procedures that for a while had been stopped in the wake of the crisis. we learned the lesson,
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but then we started to get me. the financial crisis was a huge opportunity for governments to free the word 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 happened. the banking crisis miraculously became a sovereign that crisis. private debt became public debt. governments and the citizens are subjected to a charity policies. and there was millions of people who suffer to this day, banks and stock markets. however, we are keen to demonstrate the sense of knowledge as soon as possible. in reality, nothing is as it seems, capitalism of after crisis, but no longer functions like it won't it
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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 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 is down, what percentage 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 in bank. that's interesting.
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the human beings wants stories. they don't want an endless list of numbers. nobody's impressed with 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. capitalism doesn't help people. i completely disagree. what i see in the last 150 years is millions of people had 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.
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the younger fung, i'm going to new york, all of that stuff in the town and mention of the pocket scares me to the point of a dimensions in them to be taken lives in the fall and i've got some housing. it's not, power will not be hard. and i was in the one of the new york stock exchange. that's a good i was in the infancy in the machine just about when we are acting for the desk type, you're speaking, but it wouldn't even be given the bill off the top. now, given that isn't an even spiking well, then starting him off the acting cause that's come enough for the amount of the for been on tuition that the i love the shop. 1000. how many with odds i lung out side, but it wasn't contaminant loud kind of talks bucks in getting tied to giving the thing inside the belt was docked him. i believe the vital when compet just wanted to build up on the kids up the
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the, i think what we've 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 know, they just look as though something not quite right on the way the light reflects off it. and as 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 gross jobs, and prosperity for ah, me the ongoing
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smart victory. and that's going on in the mid on, on the when it comes up to me not turning on the fuse does quite light your instead use a couple meetings like to talk me out on line. bring been eunice, been really corporate top. isn't bob at the end up? i'm going to, i'm going to go on their stand on this is all fine, not to look at that, but to me as i not to do that, not to do that 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 replace the physical labor human. now machines are capable of doing what makes us human. unique. able to think. it's
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a completely new chapter in human history, which will have massive consequences on how we live and work. i can technology. thanks. watson, can i be? i'm watching as a technology. i'm like, any that's come before. because rather than force humans just think like a computer. and interact with humans on human terms the that's just interested in, since i'm in the cognitive, i'll still understand that even when the components landon and damage, we had somebody move in that one kid and vendors don't get any licenses, seem in how to buy something. length unimportant will be and you know, and discuss the context interprets even have the same begin to lamb, went on goals, tyler testing, but also the not i've been with him i'll talk are you interested in drinking rates and understanding techniques,
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crystal notions differently just having as well, and i think that i may be able to relate the instigated combination of hardware and software design to interact with and bringing them, showing me stuff i went in on a phone box to soften and getting tired of him. i increase in the level of the nuclear tests. mine's a thing for him to be live in the future. algorithms and robot will be able to carry out nearly every would previously perform millions of jobs to these new technology. somebody can only grows much in the way of jobs and that could endanger,
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have to be able to purchase or deny things to mass produced every day when there are not enough people who can pay for them with their wages ah, 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. ah, in this room, that's what we do here. we have an on off switch, right? there's really no human error mentioned. i really don't believe in leaving the room and letting you know something trade,
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unintended. it's about being there with, with the creation that 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 that you designed to do? there are many mathematical models that come out of the field 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 this is a safe environment for people to build up. there were 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
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a very different world than the way it's advertised to the general public. ah, oh, 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 destroying off huge on the planet. the science that something has gone wrong with our system has become impossible to overlook. so why do we consistently ignore this is for tv, the food network puts all the stuff together for me, right? i'm dressing a lot better now than i was before. i did tell, you know, because they, they even higher your style. 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 with the most powerful name in financial
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television wall street week. his back he up the news skyberg actually purchase the right the wall street. i view myself as 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, now we're not going to grow any more. well, ashes flat, l wrong. if you study 5500 years of human history, we know 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
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trillion air comes from. we're going to unlock the ability to stop aging or destroy cancer cells in our bodies. all of this innovation is ahead of us, 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 billionaires. we can all be, have property, empires, and of course it's an illusion. and it goes back to exactly that same simple basic fact we live on the finite planet. that there isn't the space for the dream of this
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reinvigorated growth fetish around me. we live in extraordinary times, our world is becoming increasingly complex and many are disappointed to find that they are worth of than they used to be. but instead of doubting the economic system, they turn to those who have profited from it the most. those who continually promise you for these empty promises, more and more people that 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. and it's closer than we think. one of the fastest growing nations in the country needed to open and
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develop a whole back into national shipping company to become a team, middle east, and trade and money skillfully enough out 3 key areas of filling up front of connecting the world, connecting the future the cut out, cut to gateway to whoa trade, news, news, news, news, ah, it's time for the journey to winter sponsored my cattle airways. hello. well, grace did flam into haiti as a tropical depression,
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but it has re strengthened into a tropical storm as it moves across the caribbean sea. and i think it will strengthen again. so we track out where it's going through the yucatan peninsula, through the beta can peachy and then late friday into saturday, it could make landfall toward that east coast of mexico. and look at this potentially as a category one hurricane also got to talk about tropical storm fred. it made landfall toward the florida panhandle and it's now threatening atlanta with some heavy rain. and we did see scenes of heavy rain in florida. we knew the biggest concern here would be storm surge. so flooded out parking lots with certainly a big concern. now the remnants, the leftovers of fred will race up the east coast, knocking on the door of washington d. c. as we head toward wednesday with some very heavy rain off to south america, and i want to talk about colombia are intense rain falling for coastal areas, but also towards the southeast and the border of venezuela and across colombia, 7 regions have seen some land slides there because this is so see on 38 degrees on
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wednesday. i think we'll up it to 40 on thursday. and that could break your august temperature record of 39.2 and plenty of sunshine in the forecast that your weather update. see as soon sponsor, cut on airways. the violence and discrimination are all too familiar to many of them in india. a reality too often reinforced by bollywood. but its leading star is throwing his weight behind the cause for february 2000 and using his celebrity to advocate for gender, the quality ah, the snake charmer. on the con, witness. funnel janitta. with more than 200000000 heath because of 19 worldwide government, a batting fight. fresh wave of the virus, a new barrier that has been a 3rd and the number of people working vaccination appointment from the human coast
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to the political and economic lot. i'll just bring to the latest on the pandemic. this will have vaccinated more than 1100 people here, all of them migrant farm workers, people on home testing because they think that there is a risk to democracy, special coverage when i'll just there. i this is al jazeera ah, they're on the clock. this is a nice life and coming up in the next 60 minutes, the taliban towards amnesty and says that once women in government, people adjusted life with the group in charge.
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