social network but people who are not diluted by this deal that those are the fifty five current employees of what's up no not diluted at all now if you break down the numbers the facebook deal it works out to roughly three hundred forty five million dollars per what's out employee now you could also look at it as forty two dollars per user which is likely out facebook is viewing the deal as there are forty five million forty five million what's app users now the deal values what's up higher than all of the two hundred seventy five companies listed on the s. and p. five hundred index yeah so pretty high so how did mark zuckerberg come up with this one thousand billion dollars price tag for this acquisition which is a staggering amount of money even for facebook especially when you consider the fact that what made only twenty million dollars in revenue last year well what's up is the fastest growing company in history in terms of users and the user the usage of the app itself that's also mind boggling three hundred fifteen million people

use the app every single day wow and given its low cost of operation if the company's growth trajectory continues it could easily be pulling in more than one billion dollars a year in revenue so is this deal so absurd or is it just bold only time will tell but we'll keep you posted on what's next. hedge i receive management as an independent independent financial research and media company now keith mccullough is the chief executive officer of hedge i and a former four folio manager at carlyle group now mccullough is known for attacking the traditional wall street system and for disrupting the old financial media model via twitter mostly now mccullough joined me earlier to discuss his company and the current state of the global economy as well as the u.s.

economy and i start off by asking him how does the hedge fund world really work take a look. like a holy place and right. i get it i feel like we're right into their own business it was really kind of coming out of the late ninety's the work on that was at the time called dots and saber which ultimately became like i made it and i went on my own way to start my own fund back then when there weren't as many to funds and the reality was that it was used in general generate a lot of help and generate a lot of these going to help and now you get today that order you know they've been years later and where you are probably in oversupply already by and yet right now and out in hedge funds out there that are really wants to chase kind of short term well and so what we've seen out is really i don't like this i guess that they were going to between i did it by one percentage funds and the way that the top twenty percent are being probably the types of arms and prophecies that they did what we

did way back when it was there were the most recent retail sales numbers for the u.s. they showed a decrease in retail sales are you concerned about the u.s. economy slowing down finally good i've been waiting to go away. too glad your boy i grew up in where really it's the same ol we haven't changed the process obviously and we're now ready for the wake up and say hey what the market should go down because we're going to have a bear market always go down you know that two things that i don't like to see from a growth and inflation perspective i've come close i've been placed in writing and growth slowing because one perpetuates the other so the words you know if you ask me i'll see to your currency or pay that money and we're stuck with that i'll over time you're ok or don't leave your currency and your country goes down the aisle in place and in terms of what you are in terms of what you're buying and what you need in your life starts to go up and if that goes up you know you're starting to see all the real consumption growth that we had last year in a much more deflationary environment for things like commodities start as well so i

guess i'm really concerned about that retail sales your point i just one of the many things that we're seeing in terms of the consumption side of the economy but it's probably slowing as opposed to accelerate what you did really were up at the month now the yield for the ten year u.s. treasury bond it's now consistently below two point eight percent that's down from three percent when everything looked gorgeous do you think the bond market is signaling worries about u.s. growth. it that way or the if you will you will get a kind of backyard of the white noise if you are kind of in terms of the financial media every day and if people are always saying or probably better to talk about this in your years of the ten year bond yield if you just look at it in terms of its three to six month moves as track i was precisely the slower growth again it's the way to change that nothing to do in that absolutes like the government would like to talk about or traditional economists would like to talk about a ten year bond yield doesn't carry place anymore it cares about macquarie

replacing because the best zero percent bed early on in fighting inflation so what we're seeing here is very simple i mean last year when g.d.p. drugs are related to well point one two percent in the third quarter you saw not surprising late i as well of the ten year bond yield that we've seen. quite a while finding that one bloke who said it's really a sequential beat since then it's come back like they did the days of points and we did a bit then your body will most likely to go all over the basic gross line because again the buy yield is trading on both expectations for that anything else now a follow up to that i want to ask you what sectors of the economy do you think are most affected by the slowing in the economy. well regulated yes and i think the better really we're going to get our nose out of the textbooks i mean you know the quinnipiac thing and i did that yes they had i think i'd say you know if you go back and it goes that's what they would tell you hey well you know if you get a weak dollar you get up exports and the economy starts to accelerate so what we need to do is it is we democrats and i don't tell you that that doesn't hold true

over the course of the last two hundred years at least the economic history which would tell you that as a currency wheat is you start to see inflation and as you see inflation you can see wallow playing by the way that you can get on a gold and you want i've copied it here you can be always told that you can be wrong slow that it's like you kill millions or bonds but again you should get the wiring stock market at all and with growth expectations right there conspiring with the stock market that can go up when inflation through i mean steady growth and that our position ok i know i ask you is this just a statistical a fact you know kind of reporting inflation as what i'm trying to say you know is it easier year over year comparison due to a slowing in inflation last year or is this a real breakout in terms of inflation right i mean for the place and you know you know first thing you've got to do it but if i would inflation is eliminated any i mean the definition of inflation that the government gives you already began your keynesian economic back book so i think that is

a change this in the best shape i've got or the u.s. government rather than federally kind of really a dot about it but you know greenspan really started this transition to the u.s. government changing the guy getting of inflation like now and taxes making ninety six so his e.p.i. are going perspective to your point you're never going to have more than four percent reported that why didn't quite in your area probably go below i have a percent to one so at the peak of the global playing which isn't true that in twelve keep up with their particular c.r.b. index and you think my index and gold just before that throughout the latin quarter we had in place and so what we did we're doing. here's what we need to be played some of that in clayton the only star to reflate that again that plays out like a ball but you know you just look at each other as opposed to kind of trying to talk circles around things that without the reality that the prices are rising and that's not just a moderate wage inflation rising out of five percent on a two year basis if you look at education obviously that's going straight up and

we're starting to superimpose like that saying in the u.s. economy or a presidential almost like an executive order perspective on things like minimum wage which is obviously very place and it's very dangerous now in emerging markets inflation is slowing china is slowing again why is inflation a concern with those signals. are you going to bring our emerging economies in emerging markets and emerge emerging consumer they really are going to center a very back it has to do with the federal reserve call not clear or so yet and i already have to take out everything that you're actually buying your wife and putting food and energy and shelter and then you said get out inflation you know remark and so on or to late particularly places like china i get to the basket on a level you know per capita consumption type of economy that's led to food and energy is demonstrably higher then you know much more developed markets so again if you know where we're slowly learning markets we think good inflation at eight huge

impact in two thousand and twelve so again i'd you take it you know quite places back to their all time i'd you're going to see much more right wing and places like that as well i can see no thailand for that matter you're going to see you know all over the place because that's what people do they get upset when the government tells them the prices are going up one back they are. that was keith mccullough c.e.o. of hedge i risk management and author of diary of a hedge fund manager. time now for a very quick break but stick around because when we return an update on the transpacific partnership agreement plus several body books but sam stock joins me to talk about the one company that's profiting off of that fact and as we head to a quick break here are a look at some of your closing numbers of the bell stick around.

the. show we're going to talk stun when we meet some of his sons innovators and the like. we find out how the big black queens for compazine craft. the more they like you but still money takes some smocks the album. on on. the contrary. no cholesterol pianist depression. these efforts to work your way to prove your life. are you see. form those that's. really. hard see.

you as a fool when i close my eyes i see people in mosques with. you know sometimes i think that you're a modern itself is a face covered by a mosque. there are people in mosques on both sides of the barricades with you must . listen to me sometimes it feels as if all of ukraine is no most. part of your culture camarena life should be. the face you know about.

her. pleasure to have you with us here on t.v. today i'm sure. it's. a. little. pain. all for a few. you're hotter. between two and three hundred million guns the united states so you can act like they're not here and keep kids away from them. the causes that if they water you know i mean this teaches them a lot of for a responsibility and since the gun debate through the eyes of children if we can do

it for our children for our future what the country will smooth. choose your language. of choice we can with know if there is still some honest. truth as good as the consensus you can. choose to opinions that immigrate to. choose the stories that imply a good life truth be access to your officers. now the trans-pacific partnership is a for reaching free trade agreement under negotiation between twelve pacific rim countries now while advocates of the deal here in the states say will increase

trade exports and create more higher paying jobs opponents are calling the t p p a corporate takeover that will grant big business is new at forty over government laws when it comes to the internet and its freedom copyright and environmental regulations that's just to name a few now to talk all things t p p i'm joined by ben beachy research director at public citizens global trade watch so ben first and foremost thank you for being here as we walk into our way over. now i want to start out by asking you this week the u.s. trade representative's they announced a new public interest committee a committee as a means to address the criticism from public interest groups what is this public interest committee and how will it take part in this whole agreement the public interest committee has been proposed as part of a largely corporate dominated system on trade policy negotiations that's been around since since nixon since the seventy's for those who are not aware this is

over six hundred individuals who enjoy privileged access to the y. secretive trade negotiating tax and our trade negotiators and about ninety percent ninety percent of the individuals in the system explicitly represent corporate interests you have the likes of general electric is actually the most represented entity an entire system shocking. the self-proclaimed pioneers of offshoring. the likes of doll chemical wal-mart cargo and while the administration likes to claim that there are public interests you know environmental labor groups less than nine percent of the members of the system. are. sent in for any environmental developments labor or other public interest groups and so it's a really it's a really stacks of the most i should mention most of those public interest groups i just mentioned environmental labor political and otherwise are really closer to

just two of the twenty eight committees on the system while there are sixteen sixteen committees that are exclusively industry interests devoted in their interest and so really you know what this proposal is is to create just one more committee one we've got one committee for the entire public interest. and you know there's there's committees in there there's a committee devoted just to chemicals there's a committee devoted just to the pharmaceutical corporations that would like greater monopoly patent protections in the tepee. and there's even a committee just for aerospace equipment and we get just for the equipment not the i.r.s. that is there and we get one one for the public interest. in the industry only committees as well get to meet much more often than the existing labor environmental committees with the administration there was a recent letter from a.f.l.-cio president. criticizing the lack of consultation with the labor committee saying that industry only committees have met more than three times as often ministration there you go so it begs the question is this

a real response kind of to the public pressure that we've been seeing or is it just window dressing we see it as window dressing or too little too late first why is it too little it's too little because well and a system of twenty eight committees in which twenty six of them are dominated by corporate interests and sixteen of them are exclusively devoted to industry representation. notion that the entire public interest can be relegated to one committee is laughable. this is a much better way of doing this would be to have public interest representatives sitting on all the different committees so that alongside from a suit of corporations you'd have advocates for access to medicines and hollywood you have people. advocate and freedom that proposal was actually brought to the industry committees back in two thousand and ten they unanimously rejected that proposal yeah they stated that their quote was the fact that the whole purpose of this entire system is to make sure negotiators understand business interests there

was a quote from them and so they rejected it instead they created the very proposal that frohman came out with two days ago which is labor have their one committee led environment how they want to be and now in public interest have their one committee it's also too late because p.p.p. negotiations have been going on now for for four years. said it would like to conclude in the coming months so how much opportunities are going to be for public interest advocates sitting on this committee to actually change the many aspects of this deal already written down and concrete proposals that explicitly violate the public interest restricting access to medicines restricting internet freedom rolling back wall street reforms and cetera now you mention obama and i want to get to that in a minute but first i want to ask you you know what would a more robust role for the public look like in your opinion basically how would the public be better represented in this trade agreement sure well one one step would be as i mentioned actually having a committee system that involve the public interest at every step of the way. even

better in this system or approach that that has actually been done before is to reveal the entire draft negotiating tax bracket to negotiate tax to the whole public so we can actually see what's in this deal you know the. during the last similarly sweeping trade agreement the bush administration just for the free trade area the americas in two thousand and one the bush administration actually published online the entire draft negotiating text saying that you know we have nothing to hide for such a great deal we should build on the show that was all were asked by contrast you know the punctuation has been keeping this completely separate yeah i kept a secret from members of congress for three years let alone public and this is implicating wide swaths of domestic law it's not. just about trade traditionally speaking and so all we're asking for is that the obama administration pulled the same standard of transparency as the bush administration ok now i want to play a clip here of a president obama is pushing for t.t.p. and the fast track authority that would ease its passage on capitol hill like you

said and here's what he had to say about fast tracking at the state of the union check out. new trade partnerships with europe and asia the asia pacific will help them create even more jobs we need to work together on tools like bipartisan trade promotion authority to protect our workers protect our environment and open new markets to new goods stamped made in the usa. stamped made in the usa now what do you make of the president's arguments here. so that it's a very tired and counterfactual argument that we need these wide sweeping deals which have much less to do with trade then granting. privileged interests privileges to narrow corporate interests to actually expand exports the record just simply does not support the notion that these kind of so-called trade pacts actually boost exports we've actually had. greater growth with our non f.d.a. non free trade agreement partners in terms of exports over the last decade that we

have with our partners thirty percent higher growth rates of exports that's unheard of. and so we've actually like under nafta we've seen manufacturing and even services exports declined to mexico and canada so it's completely the opposite the data this is government data does not simply does not support the notion that to get exports you have sweeping non trade pacts like nafta or the. i mean it kind of almost helps the argument for actual free trade opposed to free trade agreement and so you think of that as well whatever side you stand on it's just not helping any of the many of the terms and services you're anti-thetical to free trade sort of the pharmaceutical corporations that are trying to take in as revealed by a leak in november monopoly patent protections that would restrict trade in medicines take generics off the shelves and try to increase the cost of medicines and all to be countries so it's a really bizarre that they can still talk all this free trade it's just totally misleading now where does congress currently stand on fast tracking and thankfully given the record we've actually seen twenty years of nafta as damage and we've seen

damage from you know the court career deal has actually seen exports fall just not even not growth as fast but completely fall so we've seen damaging record of these deals and that has meant both the public and congress has come out against the idea that we should fast track these tools to congress for those not familiar with fast track fast track is despite what the constitution says which is that congress can have its school. so i thought of a trade policy that the president executive branch can you know laterally you go sheet and sign that these packs locking in their contents before sending it to congress for an expedited no one moment limited to be booked and these are again sweeping deals that implicate many domestic policies that most citizens and members of congress care about thankfully because of the record mostly against it house minority leader nancy pelosi stating her opposition you know senate majority leader harry reid saying his opposition that's a good most democrats have come out against even a sizable bloc of republicans have come out against conservation and polls have just shown that sixty two percent of the united states public opposes fast track

and it's not popular but i'm sorry to ask you thank you so much you are a wealth of information got to have you back soon that was ben beach peachey research director at public citizens global trade watch time now for today's big deal. in today's big deal i'm joined by the one the only mr sound. now what are going to talk about today we're talking about convenient pricey cleanliness for your bottom your bottom now what we're start off with we're bringing you this idea of comfort of an exclusive penthouse loo right to the streets of manhattan well we aren't but one company is now when you're out in public and parks. concerts a toilet it looks like this check it out yeah that looks pretty much like a concert toilet sometimes when you're out roughing it looks like this all that's

pretty. good let's hope not totally like that but for the vast majority of us the toilet it looks like that there you go that's what i think of when i think of a toilet yet in manhattan finding a public bathroom is a challenge never fear though caution still and go offers luxury comfort and convenience but at a price it all. starts at twenty four dollars for a three day pass plus a fifteen dollar annual membership sam can you give us an explanation for why these toilets exist in the first place so who does the company intend to attract. but i guess i guess if you try if you drive the market wills it then it must be just right he said i don't mean i just said it just now but look at this to me is just another example of the wealthy in america divorcing themselves from the rest of us right they live in these walled off gated communities far from the rest of us they take private transportation they have drivers that take

a minute to ride on the public highways like the rest was theirs even private fast lanes that people can take over over in virginia if their private jets they go to charter schools they go to public schools and now they can. drive they don't have to use public restrooms like the rest of us they can have their own the toilets it now it begs the question do you think that. public potties are a human right you know is it a worry or can they be with what was a quote i'm going to use this all the time now and if the market wasn't going to use it and said i don't agree with you i'll leave that putting you know is a human right. it could be made it could be i guess there's this organization out of portland called your flush that is saying that this is a human right. you know maybe maybe we could invest more money in making sure that the public toilets we have which we do have them. to a higher standard but instead we're going to. give it as a luxury simply to rich people not the rest of us now you know the public toilet

what happens if i don't want to be a member can i just use the toilet for a day like let's at i want to go the full monty how about an. hour with pashto and go yeah just since it was a fifteen dollars for three days i think it's eight dollars for a day which could be a problem because you can have these people with their annual memberships these two well to do bankers around. and how the new going to have these guys you just paid the daily membership who knows what they're going to actually be doing this is just a toilet this is like a a while tell me about the amenities what is it like there's a bunch of toilets there's luxury showers there's like a walker there's like a lounge like these things could be perfect pop up housing for homeless people or people who are traveling or need but the market instead will dictate that they're going to be crap houses for the. literally literally what's kind of amazing there is that you bring up the idea of this you know we have air b.n. b. we have all these different destructive models to hotels why not even not a hotel but just make it sort of an accommodation it sounds like it could be

a proper room yeah actually for eight dollars a day yeah then you know there's a bit of a better now but i don't see that being a viable business model i go out there with no yeah. or maybe you still keep the same many users it's just hard to get there i don't know that that's what i'll say now the final question i want to ask you what are we going to see the debut of this service isn't any time soon apparently june two thousand and fourteen so in a few months everybody can mark their calendars and rush out for a membership. i don't think i'll be doing the members. maybe i'll do one day just to this is right and i think i'll try to dollars just for journalistic research well there you have it sam sachs as always thank you so much for being on the show that's all for now but you can see all segments featured in today's show on you tube at you tube dot com slash boom bust r.t. we also love hearing from you so please check out our facebook page at facebook dot com slash boom bust our teeth you can also tweet us at aaron aid at edward n.h.l. be back monday and you can also tweet it sam sam sacks from all of us here at boom

bust thank you for watching state of moral.

transit. your best way to the heart of moscow. rises in the ukrainian capital opened fire on police in the city center just an hour before a promise crisis deal between the government and the opposition is expected to be signed. says the number of people killed in clashes between radical protesters and police it reaches almost eighty and heavy smoke and barricades remain in the city center. the rioters may be using lethal force but be ambiguous and lays the blame for death soley on the authorities we ask analysts why the axle the opposition are overloaded that. this has nothing to do about democracy as they keep talking about this is always business.