wrote it by washington politics. big body corporate interests. a lot of voices that's how we use the move culture in this country no that's where i come in. i'm a troll i won't argue america i'll make sure you don't get railroaded you'll get the straight talk in the straight through. questionable. posts and you should continue to. put themselves on the line they did accept the reject. so when you want to be president and sure. wanted. to go right to be the first to see what before three of the four can't be good. i'm interested always at the water's edge. there should be more.

time cmon dollars are you filling in for lindy france this is boom bust broadcasting around the world from right here in washington d.c. coming off the bears beware it's a solid bull market as the dow top twenty two thousand for the first time ever also reaching new heights the u.s. debt the government crashes toward the limit with congress yet to vote on raising the ceiling will it get done before money runs dry and up for grabs amazon is looking for fifteen thousand new employees holding job fairs around the country and hiring on the spot well being for it for one warehouse in baltimore that time boom bust starts right now.

i. u.s. investors disenchanted with the dollar are falling in love with european stocks but like any affair it comes with risk to start we've seen europe outperform in a number of areas which actually has some has a tent the market will correct itself and then there's the case of e.u. banks there's still nearly one trillion euros worth of bad loans in the european banking system that's more than five percent of all e.u. loans while as a whole banks could probably still make the average ratio there's a huge difference from country to country ranging from bad loans making up one percent to nearly fifty percent of all loans the countries with the highest bad loan ratios are greece cyprus portugal italy slovenia and ireland this month the officials have proposed coming up with one cohesive strategy to deal with possible

bank runs when the concern about a bank's future leads to its customers running to the a.t.m. to withdraw their funds that proposal includes freezing withdrawals though the rule would allow customers to take out a little money in case of emergency talks on the proposal are expected to pick back up in september but already the critics are coming out saying this type of moratorium never works chaos ensues and the move essential makes the bank dead on arrival. the bold breakthrough the dow jones industrial average hit a new high wednesday topping twenty two thousand for the first time ever the record is just one in a series of highs since the election of president donald trump the question is are the market moves a direct result of the new president either his policy proposals or efforts to reduce financial regulation our next guest is ever most qualified to talk about

this former u.s. trade commissioner bart chilton bar you have to admit since the election since it was known that president trump was going to be president the markets have been on a tear does he deserve some credit for that. i think he does i mean you're absolutely right it they've been up since the inaugural samone twenty one new records and thirteen of those those thirteen of those since the inaugural twenty one cents since the election so yeah he deserves some credit but you know it depends upon what's going to happen in the future about whether or not this this can continue or whether or not it's a bubble and that remains to be seen certainly at the beginning people were looking at his policy proposals which they thought could help fuel inject the economy and some of that is a little less certain at this time right i mean the policy certainly drove it as of november but in the months that he's been president we haven't really seen a lock it down let's talk about some of those policies though especially tax reform

and infrastructure improvements if these measures passed that could really boost the economy what's the prognosis here. well if i gave you three pieces of paper i would be providing you two more pieces then the treasury department has given to congress on tax proposals that said with the death the seeming death at least of health care the senate and i think the house also will follow suit are really going to focus on tax reform now i don't think they can get it done this year and so i think markets are becoming you know disconnected with the possibility it is going to be tax reform and therefore more money to invest in markets but it remains to be seen so far what they've decided to do on the hill at least and on the senate side is go it alone like they did on health care and not in list the democrats to try and do something and i think that's the way they need to go that is to do it

a bipartisan way the last time some on that there was tax reform was the one nine hundred eighty six one ronald reagan was president and that was a bipartisan endeavor where republicans and democrats alike and my experience both administrations in working in the house and senate tells me that moderate approaches that use republican and democrat ideas are the ones that get done the best and they're the ones that are best for the country so i hope they move to that point at some period here as we're going forward but i don't look at tax reform to be completed this year right but with health care seemingly off the table right now not being able to come to any terms on anything congressional members are looking to tax reform as kind of the next step there but there is one asset there are a facet of his proposals that he's actually trying to bypass congress and that's with financial regulation rollback some say his efforts to reduce financial

regulation rolling back the two thousand and ten dodd frank financial reform law that it's already helping the financial sector others of course fear that it'll her regular americans. exposing them to the risks associated with the crash how do you see that one. well you know he's a big supporter of the wall street reform and consumer protection act which as you disappointed out known as dodd frank in two thousand and ten and not only work with congress to help pass the law but i helped write and vote for his sixty five rule so i'm a big supporter of it that said you know it was never my contention that we were going to get it exactly right and that was because we were regulating these previously unregulated financial instruments called swaps of these over the counter swaps things that were used baskets of mortgage loans called credit default swaps when they were really toxic and led some of the largest investment banks and even

american international group insurance company to receive a billions and billions seven hundred plus billion dollars in a big bank bailout and so those things i don't think will be pulled back upon by the regulators within the. administration but there will be some tweaks to the volcker rule and perhaps to some other areas and i think that's appropriate no worries with doing that again we never said we were going to get it right as long as those fundamental markets that were not overseen that got us into the big economic mess don't resurface i think we're ok and we spoke about the volcker rule and some changes that the treasury department wants to make this week on the show and i wanted to ask because he's clearly using the financial regulators to go about this as opposed to congress is that the way you see trump being able to kind of push forward some of his financial policy proposals. a little bit simone but there's only so much that he can do i mean the law is the law the law sets the

broad parameters for what the regulators do and then the regulators you know put the meat on the bone to say exactly what it is that the laws usually are not very prescriptive and so there is some flexibility on the part of the regulators but they can't take the volcker rule and rip it up they can't take the reforms i was talking about with over the counter trading and rip it up it's going to exist so i think this talk about you know reducing regulation is a little bit more than it's really made it will be in reality and i don't think that's what's spurring economic growth i think it's what we talked about that there was a bet that markets and traders were making upon tax reform and infrastructure also i for neglected that to mention that earlier if i gave you seven pages i would give you one more page than the administration on infrastructure but they promised a trillion dollar infrastructure. bill which we desperately need both of those

things are big things for the economy neither of those look like they're going anywhere fast i think right now markets are being driven by these reports that you've been expertly covering the last few days market it ended up today dow jones industrial average twenty two thousand and sixteen they closed and that's driven a lot by the tech stocks not just apple which had this great boom in profits are up twenty eight percent this year and even the i pads have made a resurgence and they're betting on this new iphone coming out in the next couple of months but the other tech stocks and facebook and boeing is doing great and mcdonald's is doing great so i think it the markets are based upon the performance of some of these large companies and some of the economic indicators which are pretty powerful we just had a two point six or two point eight annualized growth reported last week g.d.p. up from one point two so that's a pretty big. boone and not enough to maybe get up to three percent which is the low bar that the president and his people the ministration said they want to reach

but i getting close so there are good economic signs samone and good signs with some of the companies that's why i think markets are on a tear i think they're divorced now from a policy considerations and what you're talking about are certainly things that wall street can react to on the short term we're talking about rolling back financial regulation that can take years and you actually just wrote an op ed that was published this week about how the lack of financial regulators the commissioners at your former agency the commodity futures trading commission how they could actually hinder financial regulation first of all explain what's going on why are we not able to fill these positions. sure and thanks for the question so the opinion tauriel i wrote was about this my former agency the commodity futures trading commission which really impacts they have they have oversight for markets that impact just about everything that everybody purchases whether or not it's a student loan or a home mortgage or a car or a gallon of gas or

a loaf of bread it up make sure that that regulatory agency tries to make sure that the markets operate efficiently and effectively and that the boys of manipulation or fraud or abuse and here's what's going to happen there are currently two commissioners there and it should be five and one of them is going to leave which will leave only one and the office of general counsel at the agency has a pi and if that occurs and they're only down to one they will not be able to enter into settlements with nefarious folks and they will not be able this is a big one so mom to issue subpoenas and if that happens what it means is that bad guys will get away that instead of issuing a subpoena to collect evidence people could be running to the paper shredder. destroying evidence and so justice will be either delayed or fortitude and that is

a big huge hairy deal and so right now today or tomorrow the senate agriculture committee which approves of these nominees that the president has made will act on them but the full senate needs to act simone and you know their days are numbered before they go take off for their break right and so i'm really hopeful that they will act before they leave to approve these three commissioners and make the acting chairman a permanent chairman christian carlos' done a great job so that the the agency functions appropriately and ensures that these markets operate not just for traders but for our economy in our country are we have about thirty seconds left but i wanted you real quick to just look into the future for us give us some insight what do you see happening with the president's nominees and really for the markets for the rest of the year now that we've reached this record. well i'd love to say that i think the senate will confirm the three that i've spoken about just now but i have my doubts hopefully they'll get done within

the next month or so the war on end up in this really debilitating circumstance but they are approving lots they just approve the f.b.i. director so i do think that the log jam on nominees has been lifted and hopefully we'll see more of those people get into these key policy positions of the administration simone former u.s. trade commissioner bart chilton thanks so much for being on and in fact we're going to have you back tomorrow to discuss the jobs report thank you so much. time now for a quick break but stick around because when we return germany recalls a five million cars and forced is forced to stop selling one of its s.u.v.s in the emissions cheating scandal that will not quit. all the world's a stage and use companies merely players but what kind of partners are into the american play only ninety america offers more are to america.

just like the real news. that. you could never hear on. the part. of the world. the world's a stage we are. in the trial that we have spent countless hours playing through documents that tell the story about. corporate media uses to talk about. i'm going to get a clear picture about how disturbing how to work with the. future stories that no one on. my own home. would you have for breakfast yesterday why would you put. up.

or. put your biggest fear. in the bin on occasion right so let's talk a little bit bored you say if you ever met i'm supposed quarterback. it's funny topic so simple. i did did you do to question more. it's a shutdown showdown congress is heading to read says without a clear plan in place to pass a new budget and if it fails to agree on a spending bill the lights could shut off just like it did in two thousand and thirteen the fact that congress and the white house have hardly demonstrated the ability to work together is concerning since a government shutdown can cost the taxpayers billions of dollars with congress out of commission for more than a month that leaves little time before the new fiscal year starts october first to

address a spending plan and that's not all the u.s. will likely reach its debt limit the same month meaning lawmakers will need to get on the same page for two huge financial showdowns joining me to talk about it connor brantley executive director of america's youth pac connor two huge tasks just in time for recess a lot of people saying september when they come back is going to be a bear do you think that congress can tackle both will see i mean if health care is in the indication probably not but i think you know the real challenge for republicans now is to come together as a caucus to really find a consensus and what do they want to do they want to pass a clean spending bill or build like the treasury secretary wants or do they try and find reasonable spending cuts as they try. to get a new resolution i mean they have to figure out what they're going to do and so far we haven't really had any direction from them and this is it's about to go in recess house already is so it's going to be an interesting few months here well no direction from congress but finally we're having

a few things cleared up as least as far as the white house is concerned regarding the debt ceiling bill first it sounded like the white house wanted to add some sort of amendments spending reforms to it and then treasury secretary steven new chin put his foot down he said no i want to clean bill nothing at all attached let's make this as easy as possible to push that through so what does that do that that direct approach will i mean i think it's going to be tough because. look i mean we know for a fact that there are going to be republicans hardline republicans who are not going to vote for a clean bill that's that's just the fact they didn't do it back when president obama was in the white house and speaker boehner was in charge of then also do it now the president trumps in the white house so i think the clean bill itself is probably not ever going to happen i think that so much off the table so i think now republicans have to figure out like i just said what angle they're going to take and i think the bigger question is what is president from going to do and what are his priorities from the campaign trail where does he want to cut and i'm also assuming there probably won't be any new revenue increases so it's going to be

a balancing act and we'll watch to see where does the responsibility lie when it comes to the white house wanting one thing. the national weather service sterling virginia has issued a special memory warning for patapsco river including baltimore harbor until six fifty pm it were forty six pm strong thunderstorms were ok to along the line extending from sixteen nautical miles west of back river to eight nautical miles west of fort smallwood state park moving northeast at twenty knots hazard wind gusts thirty four knots or greater and small hail source of wind impact voters and small craft could be thrown overboard by suddenly higher winds and waves capsizing their vessel locations impacted include fort smallwood state park voters should

seek safe harbor and only until storms pass wind gusts thirty four knots or greater small hail high waves dangerous lightning and heavy rain are possible with these storms. for many if you wanted the congress to vote on it before they left obviously not happy so. the national weather service announced new jersey has issued a special memory warning for delaware be in till six fifteen pm at four forty seven pm strong thunderstorms were located along a line extending from your reading point to near ground zero like moving northeast at twenty five knots hazard wind gusts thirty four knots or greater source or

indicated impact small craft could be damaged in briefly higher winds and suddenly higher waves locations and pack that include like a fourteen foot bank light east point would land beach point cape may point ship joins you like my i am all light rain the wind chill light really point for test beach sea breeze patch island and cross legs might move to safe harbor immediately as gusty winds and high waves are expected. it was more than a decade ago and then we've seen it congressional leaders like mccain he's been calling out rallying against the rest of congress for not having any progress what is congress need to do to get ready for those twelve and do they have the time to do it so it was going to be tough and we do not have a lot of time as i previously stated i think that they can but what they have to do over this break is paul ryan and mitch mcconnell have to come together and hash out a plan and then they have to start talking to people in their own caucus they have

to start talking the democrats as well i mean where do they go from here because this is the problem is that we can sit here and debate what they should or shouldn't do what they might not do but we have no after all it's at the end of the day it's up to them so we have no direction from them we have no guidance from them we have very little guidance from the white house we have something from steve but that's really about it i mean that's not a framework in which you can really move forward with anything substantive so i think it's possible but they really have to get their act together and i would actually pay attention to john kelly right now and see if he's able to get the white house on line if he's able to to vance the president's agenda in congress then i think very interesting we'll see if that kelly area is the new era for the white house kind of brantley executive director of america's youth pac thank you so much.

a number of factory workers itching for a union just sent a list of demands to the company's board the group is calling itself the tesla workers organizing committee and the letter focused on three issues workplace injuries and paths to promotions and fear of retaliation for speaking out about wanting to unionize the letter reads we are facing a set of challenges challenges that are holding us back from working as affectively and efficiently as we would like we have raised these issues repeatedly but they remain unresolved the workers involved are asking independent board members to step in and pressure management including c.e.o. even musk to address their concerns once and for all it's unclear how many employees are behind the effort is not the first time tesla workers have talked about unions the chatter first started in february when an employee went public about poor working conditions with claims of low pay and long hours at the time months back in an e-mail calling the claims untrue including a point by point rebuttal no word yet on how tesla or the board will react to this

latest letter. it's hard to ignore amazon's growing presence in the world it's become one of the most powerful forces in retail and electronics and is even successfully expanded into the media streaming space seemingly unstoppable it's made its mark as the ultimate disruptor to talk more about this we're joined now by a boom bust. in baltimore for an amazon jobs day event. by the end of the day amazon will have hired fifty thousand part and full time employees across the u.s. for amazon jobs day here in baltimore thousands of applicants are applying for a coveted twelve hundred positions amazon is thrilled. to be expanding its presence in local communities it's not the biggest employer in the u.s. but you might assume otherwise after tending one of its job fairs at amazon jobs

day nationwide in twelve locations people are lining up for hours just to apply for open positions and we're really excited to see this kind of turnout because across the country we're looking to fill more than fifty thousand roles here in the city and county in baltimore and in the region we're looking for about twelve hundred rolls for context that's nearly a quarter of the jobs added to the u.s. workforce in june alone some of the jobs filled will be part time at amazon sortation centers but a majority will be full time at the film and centers like the one here in baltimore and those full time gigs mean benefits this is a great opportunity it's not to me companies that you can walk into you already shareholders from day one offering your a very good benefits pakistan including your four one k. and a competitive race. is a good opportunity that means a lot to job seekers in baltimore that up until only recently dealt with years of

stubborn unemployment post recession compared to its competitors and even major u.s. employers amazon offers more benefits than most the benefits that come with jobs that amazon has worked as a way to attract new members of the working age population but it's also a limited way to attract younger members of the generation especially as the price of college tour is a way to raise taxes for many young americans a job that pays full time with benefits beyond just medical is a better deal than tens of thousands of dollars in student debt it also allows them to get a head start on saving which is why some people at the job fair were in attendance with their kids so this is a great start for how this is a great opportunity and it gives them a chance to move up and advance you know so that they feel like you. had me kill me as amazon's labor. grows so does its global presence and buying power and it's making other companies nervous in fact in analysis by bloomberg shows that amazon

was mentioned more in earnings calls than anything else including trump wages or trade amazones recent purchase of whole foods even earned a response from the c.e.o. of mcdonald's given its new threat to companies in the food industry at the same time amazon has its downfalls too like other tech companies it's having trouble navigating sales abroad especially in china it also isn't exactly loved by president trump but overall amazon is certainly expanding its presence in baltimore . you mentioned president trump is not fond of amazon has he made any mention of this jobs fair. you know simone he hasn't which is odd because you know whenever an american company or an international company announces that they're going to add jobs in the u.s. or maybe they're going to open a new plant we immediately your comment from the president from usually a positive one sometimes associating them with the policies of his administration

but he is it's radio silence from the trump administration on amazon jobs day which is on specifically because of how many jobs they added today fifty thousand but the reasons and we can all assume that he has stayed silent on amazon jobs day is because he has a lot of issues with its owner jeff a. few weeks ago or actually rather last week in a tweet he accused the washington post which jeff bezos owns as well quote lobbying congress to protect amazon from paying more taxes because he sees the washington post as a very anti trump publication so they're pushing all these anti trump stories in a way i guess helps out congress which i guess he also sees as anti trump and then protects them from paying more in taxes now it's him. for him to point out that amazon does in fact pay taxes both male and. buy it. right to pay lots of corporate tax even though trying to tell the bad that you

believe that you know what kind of talking in circles but it's a complicated relationship between the two things bianca reporting from baltimore and that'll do it for us for now check out the show on you tube thanks for watching the next time. you're watching our t.v. amount per student more.

a. place. called the feeling of freedom to. everyone in the world should experience fleas and you'll get it on the old the old. the old according to just. welcome to my world come along for the ride. i'm a trial lawyer i've spent countless hours poring through documents to tell the story about the ugly side of quilting the. corporate media everything uses to talk about these conor knighton something i'm going to paint a clear picture about how disturbing council for conduct is because in my. these are stories that you no one else can take on my pepto in your post of america

the only question. coming up on our team president donald trump signs a russian saying trends into wall but calls them seriously flawed we look at where u.s. russia relations go from here. and the numbers in business way low aren't adding up but government count says eight million people voted in the recent election but others are saying those votes were manipulated. then a baltimore resit every uses a million dollar settlement from the city she tells us her story over her fight for justice.