it invariably end with the cash being thrown wherever is politically advantageous rather than where it could be best spent to recently called it a good deal and the do you be are delighted if you think the same applies to scotland and wales think again this is the worst kind of pork barrel politics was just shredded the last vestiges of credibility oh this what can prime minister it is outrageous that the prime minister believes she can secure her own political future by throwing money at north and island whilst completely ignoring the rest of the u.k. despite the british government having now plastered together solution the question is for how long will it stick after all the irony is that a mere seven tory m.p.'s switching sides would potentially be enough for a majority to slip away once they see a party. and that is our news tonight follow me on twitter at news what they're like me on the facebook page we got it dot com i'm ed schultz reporting tonight from washington thanks for watching see you back here to.

watch the hawks founded by three young americans who love their country but we have to constantly question our government watching the hawks brings the stories the give voice to voice. we dig a little deeper we get the stories that the average one else is afraid to touch is afraid to talk about because they don't want to upset their corporate sponsors or interrupt their government access now is the time more than ever we need to question more. we're in this post truth world heard the words have to matter again about educating people and giving them time. untaxed instead of telling them

what the dialogue is far more valuable than to be. i'm going to france through boss broadcasting around the world from washington d.c. tonight oil on the rise it's the fourth straight session of gains for oil but the uptick was short lived we'll tell you why also a record high find google is slapped with a multi-billion dollar fine for spewing user searches and say hacking agreement canada and china shake hands are not hacking each other stand by the us starts right now.

a weaker dollar pushed oil prices up for a fourth consecutive session today it surged nearly two percent but oversupply kept those gains the organization of petroleum exporting countries and its partners have tried to reduce a global crude glut with production cuts opec nations and the love in other exporters agreed in may to extend cuts of one point eight million barrels per day until march two thousand and eighteen russia is set to host an opec meeting next month when further cuts to production could be agreed upon but opec members nigeria and libya are exempt from the cuts and have pushed production on top of this u.s. production has risen about ten percent six since two thousand and sixteen it's now hit nine point four million barrels per day and u.s. oil rigs in operation have hit three. they're high with u.s.

exports of oil and natural gas surging president donald trump says the u.s. is set to dominate as export of oil gas and coal today u.s. west texas intermediate crude settled at forty four twenty four up two percent international benchmark brant crude futures rose one point eight percent to forty six sixty seven. on tuesday european. indicated the bank is ready to reduce stimulus later this year as you might guess the markets moved quickly upon hearing that the dollar fell point seven percent the euro jumped one point zero three percent serling also increased point four seven percent energy and bank stocks also warmly accepted this news the dow jones rode rose twenty five point three points and the s. and p. five hundred gained a point six five points at the conference in portugal druggy suggested the eurozone economy is recovering and added quote the threat of deflation is gone and replaced

forces are at play however he noted that considerable monetary policy is still needed and that suggests of course that any change in stimulus will be gradual and not drastic. here the international monetary fund offers an economic analysis of each of its member states when it comes to the u.s. the fund isn't feeling very positive about this. new joins me now in the studio of the i.m.f. wasn't singing the same tune few months ago so what happened were it so the i.m.f. was feeling positive about the u.s. economy because they were hopeful to see certain types of policy reform but they're not about those are forms happening so as a result they changed their estimates and they're a little more negative now back in april the international monetary fund projected two point three percent growth in two thousand and seventeen followed by a modest uptick in two thousand and eighteen but just two months later the i.m.f.

is offering less optimistic figures the fund is now estimating two point one percent growth in both twenty seventeen and twenty eighteen what's more concerning is the expected fall in growth to one point seven percent and twenty twenty two it's a pretty significant change in just a couple of months but it follows weeks of hyper partisan fights over u.s. healthcare law so that coupled with doubts over other trump policies on tax and infrastructure led to the disappointing figures in the report the fund wrote the us economic model is not working as well as it could in generating broadly shared income growth most critically relative to historical performance post-crisis growth has been too low and too unequal the group also emphasized the looming threat of an overvalued dollar and rising public debt as problems to fix before ensuring stronger growth and of course there is mention of greater challenges that many advanced economies face including major technological changes which have

transformed the labor market and productivity the u.s. is also facing an aging population problem which the i.m.f. argues is one of the several factors making it hard to adapt and the result from. that has hurt america's economic outlook the funds researchers wrote these shifts are having real consequences for people's livelihoods household incomes are stagnating job opportunities are deteriorating prospects for upward mobility are waning and the poverty rate is one of the highest among advanced economies the good news is that the i.m.f. does believe the u.s. can stimulate growth again but only if a comprehensive policy package is created. to go to the white house now compare this to the white house growth estimates not exactly the same not the same so cording to trump's budget proposal they're expecting or the trumpet ministration is saying we can see three percent growth if they can balance the budget which is obviously a big if right now for

a few reasons you know we're looking at what's happening with the health care law right now and congress is incredibly partisan they're not really looking at yet it is a total crisis so we're not even getting anywhere on that so the idea of balancing a budget right now it is looking rather unlikely for that to happen i don't know what we would need to do if we could just be selling going up before you know it's the end of the year exactly so it's the back of their minds at least right now and then outside of that some other analysts have some questions about how his immigration policies could down the road impact growth because if he wants to make some sort of cuts to immigration immigration or changes that puts into question how we could really increase our g.d.p. if we're lacking workers because you need lots of workers to increase g.d.p. so you know in addition to the island that's questions about these certain policy proposals and how we're going to get there other analysts are saying can we really get to three percent growth if we're not going to bring in as many people to work

here as we did before. anything positive in this report anything good well the one thing the i.m.f. did say in this report is that the economy appears to be full of employment so if you take that with a grain of salt considering they still had appears and are in quotations they couldn't and were going to go in and they were not confident enough to say that we are totally at full employment so there's some question without but still i guess better than nothing they also noted that g.d.p. is twelve percent higher than our pre-recession peak so that's something i guess to be happy about you know overall they did say that they have hope for the u.s. economy it's not like they're saying this is it we're never going to see growth again there's nothing we can do about it it's just you know the not so positive side is out there are a lot of questions to sort through and a lot of policy proposals that congress would have to pass in order to get to full growth again and we're just we're not there right now i mean i don't know how congress could even approach even an issue like considering what's going on as you

mentioned recess is coming up i mean they have a lot to get done before they get to the budget but i mean even going to happen exactly they don't care what the i.m.f. says anyway but you never know not with thank you very much for. two point seven billion dollars that's the fine slapped on internet giant google by the european union that use antitrust regulator fined parent company alphabet incorporated for promoting its one comparison shopping service in search results and demoting rivals here to weigh in lionel of lionel media why you know what's going on here is this move to set precedents of the other internet companies can't do this because you and i both know google is a marketing company now. well not just that that me take borrow from our friends at q v c but wait there's more let's assume lindsay your google and i say to you i'm your lawyer your corporate counsel and you say great what do i

owe two point seven billion let me write the check not so fast wait there is more they want you to ensure fairness what does that mean that means years of regulation years of oversight here in this country that say i'm much you stop doing this ok fine here is the fix the regulator tells the company this is what you did wrong this is what you need to correct it and that's it not here they have to now face years of regulation so that other competitors feel a benefit of this how does google do that we don't know then there's going to be the open gets even better the possibility of litigation because as google tries to make good it tries to be a good neighbor and a good partner and to to to do even the plane so to speak you're now and

divulging bases of potential causes of action for other companies to being private is unfair competition actions against google as well now what a lot of business observers and law professors and american academics familiar with are more dare i say taters sherman antitrust stuff is that the e.u. doesn't understand this new algorithm sense of of industry what does google sell what is it what exactly does it do to fix it if you sell google advertising and lindsay franz's you know a restaurant and i'm going to. being google i'm going to push my people a little higher and then you have to ask yourself this question lindsey what duty what duty does google have to be fair i know that's a crazy idea but it's

a cool go don't go but blind old lionel we've got a back up here don't you think that google according to what it claims what it markets itself as a supplier of information with paid advertising promoting its own stuff as just your mation when it's not just information it's used to compete what i'm saying is identify yourself for what you are do you think google is really you know staring at honest ship in these waters i don't what do you think. i am on the side of google and this is what i'm saying i am like the phone book you don't like my vomit go over there well on saturdays else you don't have to look at your yelp or years of the else but wait there's more now the e.u. says or actually the commission that your peon committee says we also want to look at bundling we're going to look at android we want to see how you you wrap it how you bundle other services people that always wanted to get into the the headphone gear and couldn't we want to now you lay open the end of your google

family so to speak the entire organization the operation to make sure that everything is ok and i saw what you did right there and. look if you want to censor me do it the old fashioned way just to my micro but don't do the color guard i want anyway i would never censor you know i just like to give you a hard time what it is c.n.n. you're citing story made headway but if you want is is that this is passive this has no american counterpart is more important ad for those of you who need one more reason for braggs it. is well it's interesting i'm going to ask you something else about google the all popular g.-mail not says it's not scanning your e-mails any longer what do you think of that such as a good faith move pressure from customers what do you think it is. listen do you think for a moment do you believe any of that do you truly believe that anything that you have let's go back again to the legal question being the lawyers who own the g.

mail or the jails or the me like the google who goes email who owns email who owns it you're using their services and not only that before you start pointing your fingers have you ever looked at the terms and conditions now anything to do i know what i did that on purpose they do it on purpose you know that you do if you do with the telecommunications act of one thousand nine hundred six alone a little separate a loser but just what the government can do and the privacy that you don't have regarding just your i own everything and not only that who owns your e-mail forget google what about your employer what about your service your service provider provider their days of privacy are over with but understand something this is the most important thing we never lionel's law the law always lags behind technology what we're seeing right now is we're apply hoary and cobweb anti trust provisions to a new algorithm based economy and a and information data system that doesn't have any prior there's no correlation

what do you do it's one thing if you're chevy or standard oil i got it but i sell information now and algorithms mail it. you're going to see more private and to trust access cases later on mark my words thanks to this and here's the thing they've got very very scary teams of lawyers that are very very good at beating a bureaucracy i mean they're scary for four answer trust gary no he mall of london love your fetish he grows are scary there is worse what i'm saying is for the bureaucracy they're scary as you mentioned be awkward bureaucracy and laws laid behind technology these lawyers aren't so how do you think this could ever bleed over into the united states do you think our culture is just kind of kind of pushed to the side or could you see these sort of antitrust cases like this huge one do that i mean the fine isn't actually that much for google but it's more that the public relations thing is you know the fines on

a problem the public relations nobody's going to want your stand it but what's going to happen is look at two separate ways of handling our country our economy our law our jurisprudence we love tech companies or silicon valley we bend over backwards you're seeing right now a very not only dare i say i don't see it an anti american that dow come on we know it's an american all over the place well my view there certainly there is an anti tech version of this and if you go back to how ham fisted and heavy handed look at what they did to ireland as far as back taxes look at what they did to microsoft soft in two thousand and four with there as well they basically found out that these e.u. folks mean business and you're going to have to ask yourself this question lindsey what is the purpose of this is it to flex muscles is it to extend jurisdiction just to prove that you can or is it is is there something behind it how is anybody benefited from this how is anybody truly but if it may go back to what i said

initially you don't have a right to google if you don't like google go someplace those outsiders search engines are there so all of that is great you or i could talk about that but it's moot but remember years and years down the road this regulation or this this case is going to be reviewed and google has to prove that they've made it all nice the nice we're out of papers it's all about how nice the nice see. thank you for weighing in with a dose of reality lionel of why i don't need you always a pleasure thank you. time now for a quick break everybody but stick around because when we get back and i hacking agreement canada and china both agree not to have each other and if they got a break here are the numbers of the puzzle that.

most people think just stand out in this is this you need to be the first one on top of the story or the person with the loudest voice of the biggest raid in truth to stand down and lose you since you just the dance the right questions to the right answer. the. question. i'm a trial lawyer i've spent countless hours i went through documents to tell the story about the abuse i'm. going to meet your users to talk about. i'm going to be clear picture about how disturbing to work with. these are stories that no one else among them or your whole. western.

investors eyes were cast on london's royal academy today as federal reserve chair janet yellen gave a speech expected to spell out a near future interest rate hike and other monetary policy in the run up favored in part by an easing dollar gold helped held optimistically steady thanks largely to reforms of the banking system since the two thousand and eight financial crisis yellen does not believe that there will be another such crash in her lifetime as for ours she says we are at least much safer with current reforms in place instead of being unwound this comes as u.s. president donald trump has vowed to cut banking regulation u.s. secretary of the treasury steve newsham has proposed easing up on restrictions big banks now face in their trading operations yellen also reiterated her view that the u.s. central bank would continue to raise interest rates only gradually gold responded

by notching its fourth gain in five sessions and then at twelve hundred fifty dollars as the dollar itself and equities weaken. and the man responsible for the deaths of seventy six people infected with fungal meningitis across the united states has been sentenced to nine years in prison the two thousand and twelve national nationwide outbreak led investigators to the new england compounding center by barry catherine he's charged with skirting regulations on the surreality of medical steroids given to patients which then infected them at the same time he pushed for higher production of the injection to boost revenue the centers for disease control said initially that the death toll was sixty four as of october two thousand and thirteen but twelve more people have died since then according to prosecutors more than seven hundred other people were sickened on the heels of the reaction to this outbreak congress did increase federal oversight of such pharmacies to any c.c.

filed for bankruptcy protection in order to handle the hundreds of lawsuits filed against it victims and their families want to put away for thirty five years racketeering law by racketeering law he was actually acquitted of second degree murder. canada and china have signed and and say hacking agreement to protect the nations from each other the measure is one of many security issues the countries are working on as their economic relationship deepens parties in toronto with more alex give us the details on this very interesting agreement. it's a very interesting agreement indeed canada and china have agreed not to hack each other so when it comes to trade secrets or business information they're not allowed to steal it from each other because felix was somehow permitted prior to this agreement i don't really understand why here let's hear from the prime minister's

office itself here's a here's a quote from them and it's a pretty interesting here the two sides agree that neither country's government would conduct or knowingly support cyber enable duffed of intellectual property including trade secrets or other confidential business information with the intent of providing competitive advantages to companies or commercial sectors so what that says basically we're not going to steal from each other anymore at least as not to be government sanctioned if but that does happen and you know this is actually right now pretty touchy subject you might have heard of nor stat it's a satellite company out of vancouver that china or i should say that canada has agreed to sell to china without very much oversight at all they just said here let's sell this to them that company builds equipment for not only canada in our military but for nato as well so not too many people are really understanding how this is going so we really just getting tossed to china economically speaking yes the two countries are getting tighter so being one of the deals as well as the tar

sands you know there's a lot of chinese money in the oil patch there so yes we're tied that way but this kind of stuff is pretty interesting especially when you're talking about that and you're just say we're not going to do it anymore and i guess it was ok in the past but now it's not anymore and i just ask you to stay on the hacking agreement or no hacking agreement does it cause you to sort of squint your eyes and tell your head when they say knowingly support help that was in quotations on the contract. yeah you know it's just one of those things when you when you look at it as a late ok prime minister's office you're you're saying this is good this is coming out of the horse's mouth so. you know i think a lot of comedians are scratching their heads lakers who was hiking ok was that ok up to now and now we're talking about this cyber security and all sudden these high level guys that we know that you know governments get away with murder while if you murder somebody in your own the government you're never going to get away with it so it's one of those things now and now somehow this agreement is slated to change

everything and everybody's going to play nicely nicely ok got a lot of them play nice not the first time we've heard that i want to come see this relationship between china and canada there are a number of other issues that beyond cyber security that the two nations hope has happened what's on the short lists what extradition extradition is a big one just because canada does not believe in capital punishment china does so china same please send back our criminals kemah saying we can't do that because you're going to kill them if we do also canada's been critical of china's human rights record but that hasn't doesn't stop us from doing business with them of course side from that one and we know the saudis hold so we do a lot of business with them as well but aside from that you look at something like gangs so organized crime big one on the list triads which is a huge chinese of mafia type gangs exist obviously in china they exist here in canada there's been all kinds of stories about that as well as them working with native communities to push heroin from coast to coast packed in with cigarettes so

i mean interesting stories when you hear about the triads here also counterterrorism china's been attacked by terrorist can it has been attacked by terrorists well we're going to try to i guess exchange our knowledge of how to fight that and when you look at global security issues such as is a north korea and syria everybody's got their finger in those games so china wants to see or canada wants to see how it can work more closely with china on those things obviously it really comes down to money again it comes down to business and these type of agreements hey you know it's just pushing forward that's what they're doing and. i guess this seems to be way of doing yeah you know i'm noticing a trench i mean justin trudeau wants to make a lot of trade agreements with people who sort of seem like they're out in the cold with china obviously candace trying to grab on to that but do you think this is really the argument that you know china and kandahar are really tied together by terrorism have got all of these common interests or do you think this is just a case where canada needs to up its game and gain an edge. canada right now i mean it's playing a little bit of

a game to secure itself economically just because of what's happening in the states so when you hear that the nafta agreement might be going out the window and that's you know is it going is it not going with what's going to happen china for obvious canada for its own purposes has to have tighter relationships with other trade partners so the e.u. being one of course china being another and you know as well as i do the u.s. is very tied to china like it or not when it comes to their economies and trade as well so that's really a part of the game here with as for these agreements i mean we've seen this type of stuff signed all the time put into hockey you can't get really over there i'm sorry this is so illegal in the first place with everyone watching everybody you know no piece of paper is going to do that because hacking is a very powerful tool so i think that china saying this is very interesting. alison i love it it's coming out us from toronto thank you so much for that thank you. happy birthday the super bowl rosemary's baby and nicole kidman are just

a few things that have turned fifty this year but there is an unsung hero that has turned fifty today and it loves to give you money that's right the first debuted today in london in one nine hundred sixty seven its creator john shepherd baron created the machine after becoming frustrated when he arrives at a bank one minute late and couldn't get any cash we've all been there this unsung mechanical hero of the machine took time getting used to for people in the process it was much much longer because it predated debit cards a.t.m. made their customers use a paper form and pin numbers to access their cash even today get a lot of foot traffic with consumers making more than five point eight billion withdrawals in two thousand and fifteen but what's next for the industry is changing with some companies predicting that smartphones would one day replace debit cards at a.t.m. . thanks for joining us that's all for now check out the show on youtube youtube

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embattled britain we're in london with the latest on the cyber attack brecht's it and troubles for prime minister bay on this edition of. politicking on larry king we're broadcasting from london if there is any political scene that can compete with the trump show in washington d.c. and swag here in great britain parliament recently suffered a sustained cyber attack the investigations in the early stages but russia has been cited as the culprit the home secretary ones antiterrorist sources are stretched very tight and prime minister to reserve may struggles to leave word to some callers on the.