president of the world bank hate to tell a serious look he sent us an e-mail. i'm lindsey francis is broadcasting live around the world from washington d.c. tonight dow on the rise the dow jones hits a record high just as the business week kicks off this comes on top of an all time high set last week also bret's the talks are underway it's been nearly a year since britain's voted to leave the european union and now the details of the

divorce are being ironed out just history from a remains under fire and military spending a u.s. defense company is set to close massive fighter jet deals with nearly a dozen nations as one of america's allies announces plans to expand its defense budget within the next decade stand by the bus starts right now. big task is off and it's pulled the markets with it to record highs the dow jones industrial average added a point five percent to reach twenty one thousand four hundred ninety eight the nasdaq composite jumped one point one percent to six thousand two hundred twenty

two dollars standard poor's five hundred index rose point seven percent to two thousand four hundred fifty as of noon eastern time holding at that number means it surpasses its record closing level of two thousand four hundred forty thirty five cents last tuesday technology stocks in the s. and p. five hundred rose one point three percent the largest gain among its eleven sectors to heavyweight examples apple rose two point five percent to one hundred forty five dollars eighty four cents and google's parent alphabet. up one point five percent to nine hundred seventy three forty one overseas now france's cac forty jumped after french voters granted their new president emanuel macron a political majority in parliament giving him more power to reform the economy it added point nine percent to five thousand three hundred ten on the news germany's dax rose zero point eight percent to twelve thousand eight hundred fifty five and britain's f.t.'s c. one hundred was up point six percent at seven thousand five hundred six marking the

official start of bracks in negotiations britain's approach to divorce talks with the european union are in question after prime minister tree some a lost her parliamentary majority in an election meant to strengthen her hands in the talks. and over to brussels where those talks are on tenterhooks or have been anyway britain insists on talking e.u. citizenship and other trade initiatives while the european union has historically insisted on divorce proceedings first the european union's chief negotiator for the u.k.'s departure from the e.u. said the first day of talks had bed useful and set off on the right foot michel barnier said he was looking forward to working with david davis britain secretary of state for exiting the european union during the negotiations barney also outlines the agreed structure of the talks which will include one week of the goshi ations per month with the remaining time set aside to work on proposals and

exchange them. and joining us for more on the brics of proceedings ed schultz the host of artes news with add at thanks so much for joining me on this today the recent snap elections you have covered this up one wall and down the other theresa may last for majority how do you think this is affecting the talks as we head right into them today. well you know lindsey i want to go back to the story that you just had talking about the market and what it is done this is what britain once this is what the european union wants but they haven't figured out how to get there you can't separate politics and business in the economy and right now when you have citizens who are nervous and you have investors who are nervous and you have a market that is not growing it's hard to make the decisions when you have political leadership such as to resubmit a that's on shaky ground now you can make the argument here in the united states

that donald trump is doing exactly what ronald reagan did he is making the country in business people and decision makers feel good about themselves i mean in america right now investors are not shy businesses are making money they're making decisions they're willing to grow the willing to put out more capital to purchase other businesses and right now the european union and the brits they don't have that they want everything that the united states has that the u.s. market has right now in the multinationals know exactly where the money is going to be made and that's on the back of american consumers so if we could have that to be the backdrop of our conversation here moving forward because you and i and larry king are will be doing a special program on brics that coming up on the anniversary this friday and we're going to get into all of these things but i think that the dynamic of politics and business you just can't separate them and as long as you have

a leader who is perceived by businesses to resubmit a as being on shaky political ground it's hard to get people motivated to get the kind of a commie they want so i really think that this is the backbone of their issue right now and until they get politically set they're in trouble and we are politically set in america because wall street swings a big stick. in the united states senate and in the congress throughout they have a lot to do with who the hell gets elected and who doesn't so. you could have republicans and democrats fighting with one another but you've got a lot of happy business people out there in boardrooms across america right now and that's exactly what the brics that people want well i think you and i know a lot of people know that americans aren't scared to talk about money and making it and i think a lot of people new u.k. that's that's not quite the way they operate a perfect case in point you know we any sort of austerity measure on these countries is is very difficult on them you and i talked about this when you were in

scotland covering covering these issues the police cuts right before the terrorist attack and i'm wondering bridge there were police cuts jeremy corbyn capitalized on that too when those snap elections from theresa may then you've got the tower catching fire killing many people this is playing into german corbin's hands of anti austerity wouldn't you say going into this people of sort of change their tune. oh there's no question about it you hit the nail on the head look this . was about immigration it was about security it was about austerity and priorities because austerity plays right to the money you can't tell school kids and their parents that they're not going to get lunch at school you can't take pensions away from people just because that your budget isn't working government has to function and provide and live up to the promises that it's made to working folk in the immigration issue is obviously is connected in the minds of many people to security

and so you could make the case that the brits are no more secure today than they were before the brics that vote and this is going to make negotiations i think even that much harder if i'm on the other side negotiating against the brits i'm going to say first of all tell me how are you safer today being on your own. in the world that we live in how can you afford to isolate yourself in any way shape or form when it comes to intelligence or forces or working together and how we know when you've cut your your law enforcement budget how did that work out for you how do you know you're headed in the right direction and now labor is on the surge and you conservatives don't have the kind of answers you thought you had so there's no question that across the table from the brits they should see a very tough customer when it comes to negotiations in the brics that they certainly do not have the upper hand because of the political uneasiness in the country right let's talk about that's not the election that just fell down right on

to race maze had some surprising results for her camp jeremy corbyn coming in much stronger than they than they ever thought how do you think that's going to affect the talks now do you think it's change the tone behind those closed doors in that room. well as i said a week ago and i believe it now more than ever germy corben is in a very unique position right now to quote push the envelope he is now in a position to be as aggressive a labor leader as anyone is seen in the u.k. for a number of years and he is mounting support in a big manner the right now they the laborers are favored more than the conservatives and that's a great place to be right now he is in a position to affect the negotiations when it comes to pensions and raises and labor protections and such stuff as that which basically is what people in rural

u.k. were all about on the vote i mean i just i just really believe that this is a unique opportunity for jeremy corbin and i think that to resubmit he is going to almost have to go to the middle of the road to stay stable in her position. i've got a question i want to i'm going to get your take on the e.u. in general you know emanuel not chronos given it by giving greater powers by the voters to institute his business reforms that helped to get him elected we've seen the far right populist movement kind of swing more to the middle as voters decide decide on that how much do you think these these results of these elections in the e.u. is affecting these talks a couple months ago we were holding our breath we didn't quite know how it was going to go how do you think that's slavering things right now. well i think the folks in the u.k. are very much engaged in watching the global affairs you could sense that on the

street talking to folks so when we were in scotland and we talked to a lot of londoners as well and there's no doubt the every election seems to matter right now doesn't matter what country it is if it's in your hemisphere it's a big deal because of what we haven't talked about yet is the trade issues trade issues are about jobs protections and also creation of jobs and so going out on your own when your economy isn't that good in the political ground is not as stable as it should be it makes it hard to negotiate i don't think there's any question that. if mek ron had not won that election that this would have invigorated the vote in the u.k. i believe that you know there are or political waves in tidal waves that come and go from time to time and i think the fact that he won that election may have played into the mindset of maybe we're not going to have as much change as we thought of

in the you in the european union maybe there is a better hook way and a better hope for us to go and maybe the brits shouldn't be so hasty about getting out you know the bricks that people have been working on this for thirty years. worse and they picked a very opportunistic time to have the vote because they knew they could get it at the time i'm not so sure they could get it right now because of the political atmosphere and also the fact that labor has come on strong. i think the german corben is the is the biggest voice in the u.k. right now and as you address the economy in trade there are huge banking firms banking giants even tech giants over there saying you know what we're going to migrate our jobs to frankfurt to brussels to paris and we're going to move you know to the tune of five thousand people over there we're just biding our time we're going to see what your worker relations are about do you think this also is what

swung the votes the other way toward corbin's camp well i think. you know the austerity certainly helped him and he talked about kitchen table issues i mean not that everybody is politically savvy and understands the big picture of big business and how it operates but they do understand when their retirements going to get cut they do understand where their kitchen table issues are there and one thing we haven't touched on which i did hear numerous times over there was the cuts to the health care system people don't want that they want their health care they want personal security they don't want to go bankrupt because of. some type of medical issue they don't they they view that as a step backwards so this is a big political gamble lindsay you and i and larry king are going to have a lot to talk about coming up on friday we absolutely well as a couple of hours and you myself and larry king sitting around

a table in london talking about this one year on it's been a turbulent three hundred sixty five days or so can't wait to meet up with you there thank you so much for joining me on this and shells house of news with at charles. good to be with you. time now for a quick break but stick around when we get back qatar airways says it's bouncing back in spite of the country being cut off by other middle eastern nations and defense stocks are going gangbusters as conflict and terrorism increase as we go to break here the numbers the closing bell. about your sudden passing i phone we just learned you were you saw taking your last

turn. here at the time to you as we all do it but i tell you i'm sorry. so i write these last words in hopes to put to rest these things that i never got off my chest. i remember when we first met my life turned on each breath. but then my feelings started to change you talked about war like it was again still some are fond of you those that didn't like to question our arc and i secretly promised to never be like it said one does not leave the funeral the same as one enters the mind it's consumed with death this one quite different i speak to you now because there are no other takers. to claim that mainstream media has met its maker. let's talk about blackness in the blues of being black. and always well in a big house don't know any steps where i've been told anybody who should lead their

way in remains as such because we simply forgot i don't beat. the scene we've allowed them to rearrange their plaint you've told us the sickness of trusting our enemy we became their face. in that's what i call a lack of blackness or understand in the blues a being black. issue the blues of being black should mandate that we attack knowing how when and what to do to come this simple in his natural as being black is simply to the feeling blue is black and blue. beat. beat beat in. match ties or financial survival guide stacey let's learn a south fill out let's say i'm

a strike at any or at least on grease on face of the fight wall street fraud thank you for helping. well i'm sure that's really. the c.e.o. of qatar airways said monday that the blockade imposed on his country by gulf neighbors will leave a lasting wound and he expects rapid u.s. diplomatic intervention to resolve the standoff saudi arabia the united arab emirates and bahrain qatar eyes with cancer this month and block air sea and land traffic with the country over its support for islamist groups and ties with iran bocker called the blockade illegal and said his customers are returning to qatar airways and again using qatar as an aviation after an initial hit to business made

these statements on the sidelines of the paris air show where qatar airways actually unveiled its luxurious new business class seating backer said he expects u.s. president donald trump will intervene since quote he knows that we are part of his alliance against terrorism and that we are a major player in his strategy in the region and quote. it may be a sign for millions around the world to duck for cover but for defense contractors it looks like a relative party even in the midst of tighter budgets terrorism and conflict in its many forms has defense investors riding a wave of earnings as defense spending ratchets up again it's been an eye steady increase in the last couple of years take a look at the countries spending between two thousand and sixteen and two thousand and seventeen let's look at the trends that india is up around nine percent over on the left there followed by china at eight down at the end united states at one percent increase followed by last place japan on the other side of the spectrum

russia spent ten percent less in that time frame brazil bringing up the rear at. three percent less it's seen a three hundred percent jump defense stocks since two thousand and nine with share buyback cost cutting and consolidation boosting rewards company valuations are at their highest since the aftermath of the twenty two thousand three rather invasion of iraq. to bring this into focus one major u.s. defense company is set to close a massive deal with nearly a dozen nations and one of america's neighbors is planning to expand its defense budget by over seventy percent within the next decade to talk more about this we're joined now by boom bust bank of the shooting here in washington our tease out from toronto bianca let's go ahead and start with you how much is this potential deal worth so the deal is currently estimated to be worth more than thirty seven billion

dollars in total eleven countries are planning to buy over four hundred f. thirty five fighter jets from lockheed martin even though it would be a multi-billion dollar purchase it would actually be the most cost efficient of its kind instead of making annual purchases this deal would allow each country to buy in bulk to last over several years on that list of countries interested in buying is the u.s. during the jet's debut at the paris air show a pentagon official explained why. well the airplane is such a fantastic airplane that we want to get out there and showcase the capability to all of our european partners and our nato allies what would you do to reassure them that we are committed to do it one hundred percent and that we've got the capability to respond to. the other countries on lockheed's fighter jet client list are u.s. allies five of which are members of nato so the deal would be a big step following the tension that followed president trumps comments on nato

over the past year it would also mean double the number of current aircraft under contract which means new job openings most importantly for lockheed it would demonstrate its commitment to cutting costs to below one hundred million dollars per jet but the company wasted no time in waiting for the deal to be finalized before making other ones during the airshow india's ta-ta advanced systems announced a partnership with lockheed to produce f. sixteen fighter planes but those planes will all be made in india as part of prime minister narendra modi's make in india and initiatives that could conflict with trump's america first message wouldn't be the first conflict of interest when it comes to defense spending now right after trump called out cutter on funding terrorism the pentagon sold the gulf state twelve billion dollars worth of ethic fifteen fighter jets wow big cash thank you very much alex like to bring in you now to discuss military activity in syria. you're talking about president

has he seems to be happy about canada's plan to expand its military budget tell us about that well aside from syria president trump seems to be very happy with canada's giving justin trudeau a big old pat on the back for saying that our military budgets expanded to thirty two point seven billion over the next ten years that's a seventy percent jump for canada now this probably falls into the mix and it's good reasoning behind it you know to get a little bit closer to the trump of the american administration trump said that he wants to see nato countries use about two percent of their g.d.p. for the defense spending and that's exactly what we're seeing this maneuvering here doing basically so this is a huge amount of money but according to a lot of politicians here in canada they're saying you know it's not even good enough that canada has to play a bigger role in defense globally to become a bigger player and all the other candidates will argue you know what we're very happy being the peacekeepers that we've been known to be and that the canadian

military budget or are spending more on military is just simply not a role that canada wants to play on this planet all right does interesting stuff about about canada stepping up its role let's bring back in the conversation now you mentioned lockheed's deal with india just how many f. sixteen are we talking about here well right now we're expecting to see india purchase at least two hundred planes from lockheed if the numbers have not been locked down the at cell it could change but it's a big part of modi's push to modernize the indian military because they need that desperately and it's been one of his biggest platforms ever since becoming prime minister and he's actually going to be in washington later this month to meet with president trump as this official visit to will be interesting to see how they discuss defense spending or national or international security at all because modi with lockheed has agreed to move all of the production and manufacturing. these chats to india because modi is one of his biggest pushes on top of modernizing the

military is this make in india and initiatives so that means you know promoting indian labor promoting indian resources which is very similar to trump's america first message but obviously latinos in american companies have this deal would be more of a win for india than it would be for the u.s. so you know they might not discuss defense at all when it comes to loan now until you know it happens but it will be interesting to see how they go about that when he comes here in a few weeks right maybe maybe going to see some bombastic tweets out after that talk now alex although canada is now willing to put more money toward military spending there is one area our neighbors to the north will not be assisting the u.s. and that's in syria what's the latest on that there this decision was made actually few days ago we stated back in march that we extend our duty or tour of duty against isis until the end of june so by three months and one a rino that canada really has not been playing a big role is syria there's been some logistic support with the spy planes as well

as refueling planes other than that canada says it is not on the ground in syria and now has given a definitive no for ever going in in syria and this is for multiple reasons i mean we saw what happened just over the weekend with the with the syrian plane being downed canner those afraid to give it that makes it doesn't really want to get into the argument is really not saying much about the whole ordeal all and second of all i mean maybe it's not official but the fact of the matter is there are some legal ot problems here what syria is a sovereign nation nobody's invited to go into syria and i say nobody i mean needle candidates u.s. russia is a different story in iraq at least we've got that pat on the back we've got the invitation we have our special forces there we have our medics there and we know who were helping we're helping the kurds and we're helping the iraqi army get the get isis out of mosul in syria it's a different arena and when you see things happen like they just did over this weekend well then you're asking who are we helping in the first place when you see planes. well that's an issue

a poll shows that i've spoken to here in canada one on one of the agree with you know the situation's a lot more complex that our media is pushing you to be yeah doesn't just doesn't work it doesn't make for a clicks and quick sound bites let's talk about the f. thirty five mired in trouble for his recent history being what it is but all the price is going to be the same or other countries actually paying the same price on these so they're all going to be paying the same as talking to be different for one country versus the other but right now lockheed is saying they want to get it down to eighty five million dollars per jet so it's in this still have a pretty hefty price tag on that but that's down from over one hundred million dollars per jet so i guess that you know is was one positive here and lockheed is really trying to push this as a big job creation because they say if the deal does go through it would support one hundred fifty thousand jobs worldwide and would help them eventually create

over two hundred thousand jobs but of course we know very little about what those jobs would entail we don't know if a majority of them would be u.s. based or maybe there would be overseas instead we don't know their full time or just contract so there are a lot of questions there but of course as you said the f. thirty five has had a lot of problems just last month in may of pilots had to ground an entire unit because they were having problems with the oxygen system so the u.s. government and the pentagon is saying we're not going to continue investing or invest in new projects if you don't fix this so you know they're doing testing right now and they say a majority of it is almost complete but it's not totally finished yet so this deal in a way would be a risk for every single country involved knowing that it's still not totally ready yet lots of deals to hammer out on both sides of the border and the ocean thank you very much with me here in washington our teams out smile rich in toronto. the eighty's bestowed upon us consumer treats like trapper keeper doing his her. the little trees ninja turtles transformers and of course flashdance but let's not

forget it was the decade of the videogame heavyweights intend and atari the atari twenty six hundred hit the shelves nearly forty years ago in one nine hundred seventy seven with games like pac-man and space invaders and the infamous e.t. the extraterrestrial it was the king of consuls until nine hundred eighty two now decades later it's poised to make a comeback atari c.e.o. fred she revealed that a new atari video game console is in the works the new product would be called atari box and would be based off of p.c. technology what that exactly means i have no idea but details such as hardware specifications release dates even the design are currently a mystery it's a big gamble as a tory did file for bankruptcy protection less than four years ago that's all for now everybody check out the show on youtube youtube dot com slash two bus r.t. thanks for watching.

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i don't know. what they say. but do you investigate police officers behavior as well. i'll take drugs on the web. presence here. all the people have. some prime market was reformed to some degree and the wall street. to penetrate that market as they once did so the wall street cockroaches along with their brothers and sisters in the city of london had to get in. the economy another route they found our racket and it turned into a trillion dollar car accident because those cockroaches are never told to stop

there's no nobody in the justice department as a can of. spray on the jamie diamond the cockroach. breaking news in our to us. trying belonging to produce syrian government forces that is the syrian aircraft and in the last fortnight also in syria a strategy suspends all missions within the u.s. led coalition as tensions escalate between washington and moscow over the dining and video images online appearing to show firefighters in disbelief at the scale of the deadly fire in london we gauge reaction to the u.k. government. this is how much is going to leave the survivors run cold. is a key shocking when you see like they can spend three hundred seventy on the bomber pilot.