more money they want more troops more weapons more planes more everything evil. it's a horrendous thing. i don't know what's going to happen but it's very very disturbing that these guys are talking openly about this kind of military escalation that can end the whole country is being destroyed in the whole planet being destroyed. by human rights watch report has expose how drugs are being misused in american nursing homes victims' relatives say strong anti-psychotic medicines are used to control residents with dementia the rights group has released some of the testimony is why are you so sleepy day. one nursing home he was. totally dry and two you couldn't even talk to my mother's name is laura sprinkler she's seventy five years old when we went to see her she wouldn't talk

she wouldn't laugh she wouldn't cry she wouldn't do anything she would just sit and stare like she wasn't even there if you have dementia and somebody in a nursing facility doesn't understand what your needs are you could be given an anti-psychotic drug and you end your life not being yourself not being understood and there's no reason that this should happen according to the study almost one hundred eighty thousand people mostly with dementia are give an anti-psychotic drugs each week drugs are often administered without the consent of residents or their relatives. patricia mcginnis who advocates nursing home reform says the use of anti-psychotic drugs poses a real threat to the lives of people with dementia. at least one hundred seventy nine thousand people every week who are treated and who have dementia who are treated with anti-psychotic drugs. it's easier to drug somebody up it's less

expensive than having adequate staff we have very we can force what system in this country certainly in california it's weak so one of the ways to control people and control behavior people who have dementia is to give them and i psychotic drugs even the f.d.a. has noted that your when you give somebody with dementia anti-psychotic drugs you have a two times higher chance of death it can cause people to like you said before to become zombies and i psychotic drugs can cause death and i psychotic drugs can cause heart palpitations and heart issues with people we really have to look at what is informed consent and make it national make it at a federal level that this isn't form consent and unless and until you have that from every single person every single resident or their representative you simply cannot give anybody one of these kinds of drugs and some of the most vocal critics

of them ever have been the washington post and the new york times that can't be the subject of a new film but a similar comment explains journalistic values can change over time. the washington post and the new york times once established themselves as shining beacons of true journalism a brave group of reporters who would stop at nothing to find out as much as they can in their quest for truth but i'm actually talking about the seventy's back then new york times and poster as risk jail time by publishing classified documents on the vietnam war the new york times begins its explosive series based on the pentagon papers publication of a covert version of the war had recounted to much of the optimistic talk that had permeated official statements for years now daniel ellsberg leaks the documents to the washington post you want to learn more go to the movies and check out the oscar nominated film the post seems like the perfect robot alter trump attacks on the media and according to the creators that was actually the intention one thing that both of these areas have in common that really attracted me also to tell this story

is two presidents. declaring war on the news media i really feel that we shall overcome what all of us have been so subjected to over the past sixteen months while spielberg's political message is pretty difficult to miss even in the trailer you'd probably be the supreme court. we don't. we. why don't you going to do this is ok and what are those two newspapers up to these days well they're not exactly true to the idea of exposing the intelligence community the washington post was one of the loudest voices against the release of the nunez memo why because this classified document which alleges misconduct by intelligence services quote in danger's national security and wa po published a number of articles predicting devastating consequences from the memos released and slamming donald trump while they were at it and media who are in favor of the

memos released got bashed as well the clip on paid for fake news russian propaganda dot ca that of course was used by the obama administration to obtain pizer warrants to surveil members of the trauma campaign. and the new york times who exposed the pentagon papers back in the seventy's were also against it so the cia and f.b.i. went from bad guys hiding their secrets from the public to a pillar of society standing strong against the evil trump the irony today among many ironies is how the mainstream media forgotten their own history the new york times the washington post today when it comes to a songe and others call him the worst threat to our republic is that we've ever seen but just years ago decades ago the same behavior. now lauded in the movies seem to herald this particular type of behavior that is

showing again the unmitigated and unbelievable hypocrisy that astounds me daily so there you have it the same outlet that has democracy dies in the dark as its slogan would prefer its secret intelligence actions never see the light of day samir khan r.t. washington d.c. . protests have erupted in gaza are over the killing of a palestinian terror suspect story imo still to come. local blogs show you on the idea that dropping bombs brings police to the chickenhawk forcing you to fight the battles that. you talk to try to tell you to be gossiping i'd like to. tell you all and i like. the album that

we all. want. the u.s. is losing into a summer on the climate denier as precluding them from the dissipating in this new economy number one and number two the effects of the climate change and why the catastrophes the global you know migrants that are the result of it all these other problems are hurting the u.s. economy on the other side of the trade so you've got a double by. about the back bitcoins roller coaster ride continues falling to below six thousand dollars on choose stay down from twenty thousand last december but despite signs of

a massive sell off the cryptocurrency continues to attract global interest. but the rapid rise of bitcoin last year drew comparisons with the true that bubble in the netherlands back in the seventeenth century economics professor steve keen thinks they're all major obstacles to bitcoin becoming viable as a currency. people aboard an l. it done very very well the next cause i was recommending buying it at three dollars and a god listen to max i want to be i would have sold out quite nicely even at the process selling out now but ultimately the only long term value for a big coin is if it becomes an alternative to currencies and so long as it only supports a trivial and i really mean trivial number of transactions per second it simply

can't become money now in that sense it's a bit like a true what walking do with a chip apart from planet my god and what should get low looked lovely and then slowly die and i think that's what's happening with bitcoin as well if i wanted to buy a little wind here because it would be a good way to do that but i can only manage twenty transactions maximum per second that is simply not currency it's only going to be there as an effective means of trans transfer for extremely large transactions fifty million one hundred million dollars at a time the fact that it is so slow consume so much energy and handle so few transactions means that it can't also be what people are claiming it to be so another block trying technology may will succeed but i simply can't see it because i'm being effective. crowds have taken to the streets ingalls or in a show of support for a palestinian murder suspect who was killed in a manhunt. the.

israeli forces tracked down and killed after major are believed to have fatally shot in jewish law by the islamist group hamas issued a statement declaring the suspected killer a martyr and calling on palestinians to avenge his death hundreds of people gathered in gaza on tuesday holding posters of gerar on students in the israeli military rabbi a thirty five year old father of six was shot dead outside his house on january the ninth in a west bank settlement. the pentagon has announced a new strategy in iraq in syria following the liberation of islamic states key strongholds. and they build by exhilarated successes following the liberation of muscle the coloration will shift its focus in iraq from enabling combat operations to sustaining military gains against the islamic state of iraq and syria. according to the pentagon operations in iraq will now focus on border control and strengthening the national armed forces l.t.

has spoken excuse me to the iraqi officials they believe the u.s. has a responsibility to rebuild the country is really in cities. for the most in many civilians have been killed in indiscriminate coalition air strikes in mosul most of those buried under the rubble civilians they call it collateral damage many of these casualties could have been avoided if they do you measure intelligence the return of refugees usually happens in three stages the first stage is the humanitarian efforts reviews can return when the basic needs are met including food and water the second stage providing public services including health care schools a police force and local governments only have to disconnect rebuilding process happen in the united states government bears a moral and legal responsibility to restore iraq signed a strategic agreement we should by use it to support iraq in its reconstruction in reality we're still not see much help from the us. to take up to six years to rebuild muscle and create all the necessary infrastructure we need to figure out

how to provide a clean water supply and other services why it all for a big city the united states played a major role in the destruction of throw its indiscriminate air strikes also so it has a responsibility to help rebuild the city for them at the hotel. where they've been a part of the glamour for we the one for decades but the checkered flag has finally been waved on the iconic grid girls. james and his approval with. their question why. well for one's commercial director announced the decision saying the good girls no longer fit in with modern social norms he adds they are now irrelevant and inappropriate for modern motor racing fans across the world but british supermodel naomi campbell is among those who stepped up in defense of the great girls she says

the job's not remotely offensive and a good way for women to proudly represent their countries the good girls themselves say they're offended by the decision after years of service to the sport and they claim their role is to promote the f one brand and it shouldn't be restricted by issues of political correctness. i saw my outfit before i agreed to do it i knew i was wearing i knew what was expected of me if you look at any kind of advertisement or branding these days you know you have beautiful glamorous hostesses working for the best talent in the world you have victoria's secret models who represent the brand so while that they model for and so i don't think you can say that having great go and glamorous promotional models is in keeping with the times i am an ism shouldn't be a dirty word but obviously it could boil down to that sadly i just feel it's a bit of a backward step because if we want to say to women you know we want to feel empowered and we can do and be whatever we want to be i don't see

a problem with promotional work tools we'll do it by choice and we're not forced into the what and girls apply for the job and all the guys i know absolutely love the job so i don't see that there's any saw a problem with it to a lot of people do come to the shows over to to meet some of the girls as well to get pictures with because that's a parolee and some of my friends who work in the professional work they've met their future husband i don't know why they haven't said anything for it if it's because too many people would objectify and they probably didn't think that this much would happen so i'm not sure why they didn't consult into it we were back in just over half an hour with the latest news that were in the meantime it was a dot com.

you know one of the ones you love. i'm here at money field stadium in edinburgh the home on the hop of scottish rugby i'm here to interview a scotland legend. a man who fought many great battles on this pitch behind me now he's engaged in the greatest bottle of all his struggle against new on disease. two americas too intensely charged in opposing news narratives to cable news networks reflect these divisions or rather function as triggers intensifying

cultural divide so what has happened to journalism is now the question and have at it by hacks in the politically possessed. this is boom bust broadcasting around the world from washington d.c. i'm part. and coming up we take a look at the tumultuous market tumble with two experts and digital currencies are again in the headlines this time as the chairs of the securities and exchange commission and my old agency the commodity futures trading commission testified before congress plus wells fargo is still in the news as the u.s.

federal reserve places rough restrictions on the banks we'll get into that with eric reimer now let's check out some of the stories topping today's headlines. on friday the dow jones industrial average plummeted six hundred sixty six points abets not an ominous number then yesterday making friday seem like child's play we witnessed the largest point drop ever ever amongst the dow industrials a drop of over eleven hundred points for those in the u.s. watching and wondering in real time why the boom bust team was it sure seemed like panic selling as the market had dropped from five hundred points down to sixteen hundred points in seemingly no time at all it has been and may continue to be a monumental market moment in history r.t. correspondent trinity chavez has more from wall street smart there's a lot of free. nerves here on wall street as a global stock bluntschli volatility and it play yesterday we had that stingel biggest one day drop on the dow jones on friday the dow opened about twenty five

thousand this morning in the low twenty three thousand knapsack fell almost four percent on monday although on monday around the world japan's nikkei index the hang seng of that vote lost to close to five percent of total value the same high composite dropped on the green a half percent in the stock year of the underdog three point two percent this slide is more surprising and even more unsettling as a pound after the rally in the beginning of the year and after historically low volatility and the market reports for best drama. trump administration budget director mick mulvaney continues to drastically reshape the consumer financial protection bureau or c f p b last week mr mauvais the strip c f p b s office of fair lending and equal opportunity which pursues discrimination cases of enforcement power is action was denounced by civil rights groups at the same time mr mo veiny c.f.p. be his undoing in obama era regulation on payday loans and has dropped notable

pending payday lender cases including that of one company world acceptance corp that had donated to mulvaney as political campaigns payday lenders previously donated an estimated sixty thousand congressional campaign dollars to love a neighbor tween two thousand and eleven and two thousand and seventy maupin e.c.f. t.v. is also reportedly scaling back an investigation into the equifax data breach last month mr mo veiny was criticized for saying c f p b represents lenders when his agency is specifically chartered to protect consumers by law and by name. the general manager of the bank for international settlements has some remarkably harsh words for crypto currencies general mattis manager. augustus carsten addressing an audience in frankfurt germany earlier today referred to bitcoin and its peers as quote private digital tokens posing as currencies before saying that

bitcoin quote has become a combination of a bubble a ponzi scheme and an environmental disaster carstens also set up authorities to not act preemptively crypto currencies become could become a threat to financial stability carstens comments carry heavy weight due to his standing amongst the global financial business class his resume includes lending the leading the mexican finance ministry and central bank and a stent as deputy manager of the i.m.f. the international monetary fund bitcoin value dropped by fourteen percent falling below six thousand dollars after carstens comments but later rebounded and we'll have those exact numbers at the break. but right now we continue to discuss digital currency is with jared andersen he's the director of simpler trading crypto jarrett's thanks for joining us the chairs

of the securities and exchange commission and the commodity futures trading commission the c f t c testified before the senate banking committee today take a little listen to their opening statements we the f.c.c. and the c f.t.c. do not have directory stiction over the popular markets they trade true cryptocurrency s. this is not an oversight it is the result of a new product at market the c.f. t.c. has produced a large amount of consumer education materials and virtual currencies including written statements pod casts women ours and a dedicated bitcoin website we've even schedule visits to libraries and briefings for seniors we've never conducted this much outreach for any other financial product. so jared what's your take on that hearing i know you were watching intently today what are your thoughts. so i watched the whole thing and you know i i honestly think it was sort of just

a bit of an ambiguous talk overall there was really a lot of back and forth but without really any definitive. statement on what they intend to do the one thing that stood out to me was regarding i see where you know many points people across the board you know brought that up in how much money was raised and the inability to track really where the money was raised from the one thing that came from me was. it kind of eliminates sort of the cloud overhead that you know i think the market was really waiting for for some clarity from this but really the only thing i heard was that they are pushing towards regulating i see those and have kind of made the warning to anyone doing that to this point no one has registered with either agency to you know to push one of these out so in my mind i mean it kind of gives the green light for bulls to put you know potentially step back in i think we might have that clip and you're right that was that was our

takeaway here bust also can we roll that clip on elizabeth warren and clayton so it is not new is it is new but it is not ok and it is not another way to raise money correct i am understanding you to say it is violation of law yes. ok so so there's a question about these i see those but the elizabeth form and j. clayton are saying they are operating outside the law does do you think that means that the i.c.'s we're going to continue to be done in the u.s. jared only under increased regulatory scrutiny or are they going to move someplace else outside of the u.s. . so in my mind i think we'll see both i think you're going to see a new wave of i.c.'s come out of the us that are going to the lengths to be compliant i just think that you know it really needs to happen to a certain extent i'm all for kind of the government keeping their hands off things

but in my mind you know just talking to different people there have been a lot of people taking advantage of. you know with that said i also think that we'll see across the globe you'll find you know these safe havens for i see you know we see that kind of thing with tax evasion and other things like that and i have to imagine with i.c.'s we'll see something similar ok so separate from the i c o's how about you know regulation in general in the digital space you said you know you don't prefer it but you know i sort of look at it in two ways one you've got to protect consumers i think or at least somebody does you may think that it or not government but we've seen so many times where we've had computer problems whether or not it was mt gox or the one coin check in japan just last week where you know hundreds of millions of dollars are lost that that's not right so is there sort of a middle ground here gerri between overregulation that for its innovation in this really innovative promising space in my view and protecting investors or should the

government just keep their hands off. yes i mean it's really a great question and i think you know you kind of hit the nail on the head there too you know a bit where. i really think that you know it's on sort of the consumer in one way to look at is where if you know i'm investing in these things and so i take it upon myself to act as sort of the bank where i'm going to lengths to to store these things you know via cold storage or hardware wallet things like that you know where you mentioned mt gox being sort of the issue keeping on an exchange now where regulators i think need to come in and they just need to you know paint pretty clear lines how these companies can sort of operate where they're not at fear of being held liable for breaking the law so i think if they were to come out with some clear statements on here's what we expect and you know we'll let you in of a because that's always the biggest issue with you know government interference is that stifles innovation across you know where blocked chain i think is going to

change the world you know not for just finance but for things like voting and you know just sharing information in a very transparent way so yeah i'm very hopeful that we will see you know lenient you know regulation at least initially i agree with you actually on most of that jared and one of the other things that c. f.t.c. chair giancarlo told the banking committee and you may recall it from sitting through all of it today was that he thought that we should look at digital currencies and block change sort of like we did the internet when the clinton ministration was in place and and give them sort of a free pass of some of the regulation so that we didn't for innovation that happened then it sort of worked although i guess that's subject to some debate so anyway we thank you so much jared for being with us jared andersen the director of simpler trading cryptocurrency thanks for being with us hope you'll come back again yeah thank you for having me really appreciate it. wells fargo

a historically important part of our american heritage has been in the woodshed for a few years now and for good reason they establish sham accounts for their customers and charge them for things they didn't won or ask for amongst other things they have been hauled up to the hill before the house and before the senate and it was not a love fest best you were incompetent at worst you were complicit and either way you should be fired. well fargo officials testified to tepid measures to address concerns but later there was even more trouble now the u.s. federal reserve has waited taking an action which one commenter said is putting the fear of god in bank board rooms here discusses eric reimer a former f.c.c. official and policy commentator eric thank you for being with us first of all tell us what you make of their entire sort of nefarious actions give our viewers what wells fargo has done over the last three years to put them in this problematic

circumstance and it's a very multifaceted problem basically back in september two thousand and sixteen g.b. the o.c.c. and the los angeles city attorney revealed that wells fargo for about a decade had been encouraging or at least facilitating its sales reps to create millions of fake accounts primarily checking accounts saving accounts credit cards for their customers that were not authorized by their customers and essentially this allows wells fargo to reach sales quotas to drive increased fees and to basically bolster their bottom line at the expense of their customers that also goes on top of several other scandals the past few years that wells fargo has faced ranging from the car loan scandal where they did not give the rebates to customers for prepaying their car loans car insurance scandal life insurance can the whereby they overcharge customers for that and of all scandals even most recently a hundred million dollars settlement where they were found to have but overcharging veterans for mortgage refinancing under if you can't do anything like kick the

veterans boy what a horrible thing so what's the fed going to do with regard to their assets or so the federal reserve sanction is a very extraordinary one basically the federal reserve will be preventing wells fargo from increasing their assets beyond what they were at the end of the twenty seven thousand calendar year at twenty seventeen their assets that about one point nine trillion dollars and so until lot of wells fargo meets certain federal reserve . mandates regarding risk management and a change in management culture and they will not be permitted to grow their assets beyond that they will also have to replace for board members because that's why the comment about the fear of god and bank boardrooms that they're essentially capping their assets and if you look at what happened with the six banks since that time june of two thousand and fifteen when all these the fairy sections came into. the light wells fargo really has been on the bottom of the barrel but you think you wrote did you write you wrote an op ed recently where was that in seeking alpha you

wrote do you think they can actually get beyond that real quickly how are they going to do that i think by now they've been drug scandals been dragging in the past few years and they've certainly lagged behind other major banks in terms of performance i think however now the scandal finally will be put to rest hopefully they will hopefully finally be able to start growing again after its final result ok eric rohmer public strategist and public a commentator on these things thank you so much for being with us it's great to have you here to be time now for a quick break but stick around because when we return we'll discuss the market meltdown why did it occur is there more to come we'll get into it all in as we go to break here are the numbers that the closing bell.