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was selling you on the idea that dropping bombs brings police to the chicken hawks forcing you to fight the battles based on. the new socks credit tell you that will be gossip and tabloid bias files of the most important news today. of advertising telling you are not cool enough and that's to fight their product. these are the hawks that we along with our audience will watch. the future we don't agree on. every the world. that you get out of the old the old. the old josh.
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groban am sure there are a. time when the francis is the boss broadcasting around the world from washington d.c. tonight a very busy day for big business here in washington and i'm not talking about new deals testimony was heard on capitol hill from the former c.e.o. of equifax and the current c.e.o. of wells fargo in separate scandal cases affecting millions of people around the world the exchanges got heated kelso cuba had seized fifteen of its diplomats expelled from the united states as the relationship between the two nations struggled under economic sanctions accusations of physical attacks and travel
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warnings also my guest weighs in on how tax fights are set to affect the little guy we take a look at what we face heading into tax reform debate stand by soon must start right now. he may be out of his corner on. office but today former apple fax c.e.o. richard smith had to answer for a massive hack at the credit monitoring service equifax before the house financial services committee on capitol hill the breach compromised the personal data of one hundred forty six million americans while he ran it on july twenty ninth at the facts confirmed suspicious activity in a consumer dispute portal but it didn't confirm it as a hack and kill the thirty first and it did not announce that has until september
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seventh and in the meantime three executives sold stock in the company totaling nearly two million dollars as a compensation for consumers smith offered that the company has offered comprehensive sets of products for free to protect them going forward asked that if the customers had been harmed could they be made whole again smith said it's hard for me to tell if someone's been harmed so i can't answer that question. smith himself admitted equifax failed to apply a software patch in march which could have prevented all of this. and just down the hall the new c.e.o. of wells fargo timothy's sloan faced the senate banking committee sloan is the former chief operating officer and president of wells fargo during his time there up to three point five million fake accounts were opened by wells fargo employees under pressure to meet very aggressive sales targets and without customer permission the investigation originally covered four years of the bank's history
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its expanded now to seven on top of this more than half a million needless car insurance accounts were opened without customers knowledge because then c.e.o. john stumpf his job however lawmakers have hit out at payouts that company chief still received even as the scandal was being uncovered in a heated exchange with none other than senator elizabeth warren sloan made the case for his fitness as a leader of the banking giant. i have made mistakes i certainly haven't been perfect but i think having that knowledge of the company having the ability to make the change the actions that i've taken since i've become c.e.o. eleven months ago have made fundamental change at this company so i'm not afraid to make hard decisions when it's needed and i have the support of two hundred seventy thousand people that's why i think on the right person the people who were there and leaving wells fargo during the time of the years long scam and multiple
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scams as our chairman pointed out those people should not be left in charge of this business and when you promoted exactly what was wrong with this bank over and over and over you went to the stock market and you bragged about it you made money personally off it when you were asked about it you did not tell the truth and you tried to cover it up wells fargo was not going to change with you in charge a hot topic in the wells fargo debacle it forced arbitration clauses in customer contracts they're used as a protective measure requiring private arbitration rather than taking a class action lawsuit to court when asked if he will discontinue the practice that his bank float over a part replied firmly to the senator no senator i want the consumer financial protection bureau has made moves to ban forced arbitration. we've got other big names arguing in the halls of congress and they're supposed to be on the same side
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the fight is over our taxes are businesses and you khana me the unified framework for fixing our broken tax code is the white house's pitch for tax reform it would collapse the current seven individual tax brackets into three twelve percent twenty five percent and thirty five percent but wait there's much more joining me now conservative t.v. and radio host steve malzberg steve a pleasure to have you on the facts about a little reaction within the g.o.p. as you worried a bit annoyed at the republican party why. well it's a little scary because every vote counts as we saw with health care and as i've mentioned over and over unlike the democrats the republicans do not march in lockstep they will block the party to stick to their principles or their own interests go with the interests of their constituents we saw it with with health care failing time after time and we already have rand paul saying he may not vote for this he's unhappy because according to a study by two thousand and twenty seven those making between fifty and one hundred
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fifty thousand dollars the middle class will see a tax increase then you have bob corker who was says i want to see this be revenue neutral and i'm sure there are others like him you also have a whole bunch of provisions in there when it comes to deductions where other republicans from some states are unhappy when it comes to eliminating deductions that affect their constituents so here we go again with the republicans being unable to unite around a very good plan i've got a question now let's talk about this thirty nine point six or thereabouts extra bracket on the wealthy in these congressional tax writers even use this it was put in the framework is this a populist cover for the president. well you know the president sounded and i love donald trump don't give you wrong but when he stands there and says i've given the congress permission if they choose to put a surcharge on the rich he sounded more like nancy pelosi and charles schumer than donald trump and the republicans you don't want to punish the rich if the point of
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this is to you know give everybody a tax break see their g.d.p. go up right now it's at three percent and have a trickle down effect you can't penalize the rich because if the rich are paying more in taxes then there's nothing to trickle down so i think that's misguided and hopefully that will be something that congress does not take him up on well it was an embarrassing week not long ago for the g.o.p. as health care was basically dead in the water walked right away from it don't you feel like it should have been flip taxes first and then health care. yeah i would have liked to have seen that i would have liked to have seen them get the corporate rate down of immediately take that onus off of business get the money flowing in and let reprint repatriation of the money some overseas come in but that's not the real world unfortunately and again. the poison pill for some republicans in california new york and new jersey blue states is that the elimination of the
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deduction of state local taxes that's going to hurt their middle class constituents so that's going to be a key sticking point i just hope they get their act together and pass tax reform or the congress will look a lot different a year from now you got a good point there thank you very much preamp a conservative t.v. and radio house steve malzberg thank you very much. on tuesday for exit talks were delayed at the behest of the remaining members of the european union. is here with me and update on that for us bianca a lot of drama there why this delay so members of the e.u. want to delay the talks because they say they're simply hasn't been enough progress made at this point to keep moving forward just last week the president of the european commission said americal would have to happen for brock's it talks to proceed and that short amount of time since no miracles have occurred and the negotiations process has officially been delayed on tuesday members of the european
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parliament voted five hundred fifty seven to ninety two on suspending talks at a press conference commission president john younker said the u.k. needs to commit financial obligations before moving forward and michel barnier who acts as the crux of negotiator said it's become a complicated sticking point. and alongside these positive points i mean to assess the state of play objective only if there are still serious divergences especially on the financial settlement in. in this matter i already talked about here things are also simple we will not exceed for the twenty seven to pay for what was decided on by twenty sheets as simple as that. later this month member states will get together again to see if sufficient progress has been made which would allow talks to continue but the vote is still a blow to to the u.k. and prime minister theresa may who try to ease the stalemate during
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a recent speech in italy following news of the vote the u.k.'s brecht's it negotiator in chief so the government remains determined to reach a good deal of course sometimes exchanges of tough but that is to be expected the job of the ministers and trusted to the prime minister's entrusted to me is to keep a calm eye on a goal and not to be diverted because the prizes for success are enormous. as all the consequences of failure. however the vote doesn't stop either side from preparing for breakfast or communicating with each other about it so we'll see at the end of the month if any progress has been made by them that's going to be here sooner than we think what happens worst case scenario if they don't come to a deal that they've got constituents to answer to here yeah while i mean it doesn't really seem like the e.u. is too worried about that but the u.k. certainly is and at the conservative party meeting on tuesday david davis who is the u.k. is secretary said that the u.k.
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is currently working on a contingency plan he didn't really give many details about it so we have no idea what that looks like but it does look like the u.k. at least in you know they're not trying to exactly advertise that to everyone because they want to make this seem like it's a friendly a negotiation happening they're trying to stay positive as you saw from the other comments but they're working on a plan to prepare for hard because right now. based on the comments from everyone on the e.u. a looks like a trade deal is very unlikely so and also we don't know how theresa may speech from a few weeks ago in italy where she was trying to sort of port if that would have any impact on the more down the road i mean right now it's it hasn't so unless the u.k. indicates that it will pay what the e.u. says it knows how hard it is very likely march of two thousand one thousand nine hundred is slowly but surely approaching what about u.k. prime minister of theresa may her response to this and most injuries that she's done so far she says that she's not surprised that this is happening then i mean we
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knew last week that tensions were rising again and many leaders from around you were saying listen we're not going to get very far if we can have the u.k. acknowledge that they owe us what we say they do right thank you very much. for that. time now for a quick break stick around though when we get back general motors keeps a very close eye on china and vows to issue a multitude of new electric cars in the. little over five years and president trump has over to puerto rico we've got updates on the hurricane battered nation as we go to break here are the numbers at the closing bell. all the world's
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a stage and all the news companies merely players but what kind of parties are in t. america playing marty america offer much more artsy america first lead in many ways a news landscape just like in the real movie big names good actors bad actors and in the end you could never know you're on. the market all the world's all the world's all the world's a stage we are definitely a player. i'm a trial lawyer i've spent countless hours before and through documents that tell the story about the abuse side of. corporate media everything uses to talk about these foreigners. i'm not a pretty clear picture about how disturbing council for conduct has been mark these are stories that no one else. might have known your host of the american.
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west from up. for breakfast yesterday why would you put those for the fish. what's your biggest fear. in the in the hay ride when so let's talk a little bit old you say if you ever miss the bus for the. next one topic that doesn't belong here. i do do do do do. work more. general motors is making headlines once again with the big problems to keep for two thousand and twenty three the company announced it will roll out two new all electric vehicles within the next eighteen months and issue up to twenty zero emission electric vehicles for its two thousand and twenty three lineup this is highly important in the overseas markets as g.m.
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sells more of its cars in china the government there announced last week that at least ten percent of passenger vehicles sold in two thousand one thousand will be zero emission in other countries such as france and india now also be looking to lower or ban the amount of diesel and gasoline fueled cars sold between two thousand and thirty and two thousand and forty other companies have also made similar promises last year volkswagen group declared that it would have over eighty electric vehicles for sale by two thousand and twenty five and a fully electric fleet by two thousand and thirty for sadie's beds also aiming for something similar by two thousand and twenty while automakers like volvo and jaguar say they will simply stop building diesel on gas powered cars altogether. the ties are threatened further in june we saw president trump slap economic and diplomatic sanctions on have and which effectively unwound the obama
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administration's push to open up diplomatic relations as well as travel and trade with cuba and now secretary of state rex tillerson has ordered cuba to withdraw fifteen of its diplomats from the united states he says the decision was made due to cuba's failure to take appropriate steps to protect u.s. diplomats serving the country he is referring to unexplained so-called sonic attacks in havana that have harmed at least twenty two america. government workers and their family members joining me from new york john cavil leg president of the u.s. cuba trade and economic council thank you so much for talking with me about this let's back up a little bit there was an important meeting between cuba's minister of foreign affairs and rex tillerson on september twenty sixth were these perfunctory meetings they didn't get much play in the media had a bedroll castro it probably would have gotten a lot of play what it had made a difference. you know the trump administration had made the decision
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after so thing or being lobbied by members of congress to reduce the levels at the u.s. at the cuban embassy in washington d.c. so there really wasn't anything that foreign minister bernard rodriguez was going to say to secretary tillerson that was going to change the mind so it was a fait accompli. so do you think this is being kept under wraps by both sides on purpose we're talking about the sonic attacks expelling of the diplomats we're not getting a lot of sound bites i want to say from either side are the best and the word sonic attack for a lot of people is just a foreign concept we try to explain it in the media but we're not getting a lot of specifics updates on the investigation and explainers do you think this is being kept under wraps on purpose by both sides. both governments are clearly trying to not let the unknowns become so
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combustible that there is no coming back from it you've got all of that going on and then you had the two diplomats from the cuban embassy in washington that works in may the trump administration said nothing you have these attacks beginning during the end of the obama administration the obama administration said nothing so i think you have both governments. within the careerists not wanting this to become so combustible that you can't extinguish. but let's talk about the effect this is a big deal whether it's you know expelling diplomats the travel warnings and sanctions it's a big deal for business tourism industry is hit hard by any sort of travel sanctions and warnings they got a boom when the u.s. and cuba promoted the travel between the countries just a short time ago what are going to be the short term effects as news such as
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today's news drifts out over the coming week and we and we start to see more people commenting on that the news coming out of cuba and news coming from business leaders here. the good news for the cubans is u.s. insurance companies did not react negatively to the placement of cuba on the travel warning list on the state department issued that last week and if the u.s. insurance companies had gone to the airlines gone to the cruise lines gone to the travel agents gone to the to operators gone to starwood hotels which manages property cuban said hey we are now so uncertain about this marketplace the potential impact of claims the unknown that we're not going to cover you if that happened everything would have gotten shut down so for the cubans the fact that the insurance companies didn't buy and the airlines in the cruise lines although they
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issued cautious statements they are going to continue with the services and the tour operators and travel agents have been the most aggressive saying basically we don't believe the u.s. government and it's all business head. but i think what everybody needs to watch now though is what the u.s. business community does in terms of the new projects and the new exports and thus far this year everyone's been very quiet no one's wanted to be public about anything that it's doing cute now that. arsole the cubans fall because they haven't done as much as they could with you bomb ministration initiatives and much of this rests with the obama administration didn't do more when it could. but i feel more so for the u.s. companies for u.s. travelers thus far it seems to be somewhat like the one nine hundred twenty s.
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with prohibition the u.s. government is saying don't go the u.s. government is saying you need to be scared and thus far the companies there in the marketplace are saying we're going to continue to be they are right and stragglers are saying we're going to continue to go there right one of the things too is that as you point out this seems to be a lot of posturing. president trumps new economic sanctions were they actually a surprise to you or now. no not not really you know this it's been a a trajectory it's you know been a series of moments since january twentieth the trump administration in the president's announcement in june and then the treasury department of commerce department statements and media after that were less than the u.s. business community fear and. they were inconvenient there are you know there is some unknown here in terms of the state department creating a list of entities in cuba that are controlled by the cuban military and u.s. companies are supposed to avoid them travelers are supposed to avoid. this list was
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supposed to have been out it's not there is some believe that there are two events responsible for the delay one is the treasury department is overwhelmed with creating sanctions programs for other countries and then to hurricane irmo where the trumpet right ration and said conveniently let's not add this to when it's impacting people cuban descent south florida they want to help their friends and their relatives and their other family members. and you've written about it this it's not getting a lot of play in the headlines there's so much. more going on right now and there's so much infighting on capitol hill that it's sort of pushing this to decide of course the castros seem to be too closely involved at least on the public side of it so it's not as clickable perhaps in the media as one would think thank you so much for weighing in on this john cavalier president of the u.s. cuba trade and economic council thank you. president donald trump in the first lady
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arrived in puerto rico this afternoon fourteen days after hurricane maria ravaged the island thirteen follow up visit quickly was sidetracked after president trump compared puerto rico's death toll to hurricane katrina and jokingly blame the u.s. territory for its recovery costs for more details across live now to our teams in miami marina president trump has given himself some pretty high marks on the federal response to puerto rico critics say is that ministration move too slowly in responding to this crisis in the island does the president seem to understand things differently after speaking to local officials and residents it doesn't appear that way lindsay after arriving in puerto rico around eleven forty five am the first couple posed for some quick pictures before hosting a roundtable with local and federal officials at one point mr trump went around the room soliciting praise about his administration's response to the crisis now while millions on the island continue suffering without water electricity and guaranteed
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medical assistance president trump spoke today about the cost of recovery efforts and contrasted puerto rico's death toll to hurricane katrina's. you puerto rico but you've drawn our budget a little out a way. because we spent a lot of money and put a rico and that's fine we've saved a lot of lives if you look at the. every death. but if you look at a real catastrophe like katrina and you look at the tremendous hundreds and hundreds and hundreds of people that died and you look at what happened here with really a storm that was just totally overpowering nobody's ever seen anything like this and what is your what is your death count as of this moment seventy sixty seven sixteen people certified sixteen people versus in the thousands. you could be very proud of all of your people all of our people working together sixteen versus
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literally thousands of people. one thousand eight hundred thirty three people died in the after may math of hurricane katrina which we just heard the president call a real catastrophe now following the roundtable the first couple met with hurricane victims in quite nabu an affluent neighborhood roughly ten minutes outside of san juan the president also met with some of them more than ten thousand federal officials on the island working to restore power and deliver food and supplies to the three point four million americans on the island in the meantime there are reports the death toll in puerto rico is higher than what's being actually reported what are you know. absolutely the number of certified deaths from hurricane maria is sixteen however the death toll hasn't been updated in six days and officials say the dead cannot be documented because of logistics and legal aspects of declaring someone dead are not available in an interview with the center for investigative journalism puerto rico's public safety secretary acknowledged the death toll from
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maria may be far higher saying quote i believe there are more dead but i don't have reports telling me eight died in my eyes because they lack of oxygen for died in san pablo because they did not receive dialysis unquote according to reports hospital officials in puerto rico believe there are dozens if not hundreds of additional victims not accounted for in the death toll toll first responders and local authorities reach all seventy eight municipalities in puerto rico coordinating relief and communication efforts we will not know the official death toll and that is just the sad reality is most of the people of puerto rico were made remain mired in chaos arctic respond to marina port and i thank you for that thank you. london bridge is not the only one falling down but thanks to drones we can get a bird's eye view of the aftermath on this one check it out after standing for more than eighty years new york city decided to bring down the shoes co bridge wow it's
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amazing footage it's named after a polish soldier who fought in the american. war using explosives as you might guess the city took it down in a controlled explosion and one lone drone was ready to capture it all on film after the dust settled the drone was flown over the rubble the city is now set to pick up the more than twenty two million pounds of scrap metal and build a new bridge to the tune of eight hundred seventy three million dollars. thanks for watching everybody be sure to catch the boss on direct t.v. in the united states you can catch it catch us on the r t channel three two one and if you missed us on directv we bust on you tube you tube dot com slash boom bust our feet thanks for watching you know.
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people who got to know whether or not fair presenter support american people deserve to know you're first at this point does it mean must guard against the military industrial. we shall never go again or in our ability to world. war you should know over. yes we do but. why would you put those through. your wife. now
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i do did you do to look to the. rejected tonight is a common goal is it not defect by the corporate. you go after the clerk or ration it just lawyer life prompted older people at every turn. their tactics night for me is like medicine it's like a cancer till all the stress that the news puts a blunder redacted tonight is a show where you can go to cry from laughing about the stuff that's going on in the world as opposed to just regular crying we're going to find out what the corporate mainstream media is not telling you about how we're going to filter it through some satirical comedic lenses to make it more digestible that's what we do every week hard hitting radical comedy news like redacted tonight is where it's a. pretty
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