danielle de martino both the news was breaking that president trump had task his economic adviser larry kudlow and the u.s. trade representative robert light hisor with considering the possibility of reentering the transpacific partnership i asked danielle about it we both agreed that it would be a good thing to do well that initial reporting was accurate and the u.s. is looking at rejoining the eleven nation accord president trump tweeted last evening that the u.s. would only join t p p if the deal were substantially better than the deal offered to president obama although a technical point here the trump administration with drew from t.p. before the negotiations were actually concluded we'll follow this important story as it goes forward. and russia is retaliating against recently announced u.s. economic sanctions with sanctions of their own the biggest head turner amongst the measures on the table is a ban on titanium sales a key input for a u.s. based aircraft manufacturer boeing and purchases of rare earth metals the russian

countermeasures reportedly could also include limits on imports of u.s. alcohol tobacco pharmaceutical and agricultural products restrictions on us on visas and jobs for americans plus bans on governmental use of u.s. software and technology the full list is in a proposal be considered by the russian duma and would require the presidential order to require a presidential order to take effect legislative activities expected to be swift and in the u.s. labor news leaders of the oklahoma education association or a have called an official end to their nine day strike and declare victory even though the legislature deny their main demand of ten thousand dollars and pay increases financed by an increase in capital gains taxes the unions decision to pocket a six thousand dollars raise was criticized by some teachers including the group the oklahoma teachers united in arizona governor doug do see went from refusing to

actually meet with any teachers on tuesday to offering a package on thursday that he says meets their demand for a twenty percent raise teachers say they were checking his math good for teachers and want to see more details put into legislation before they decide whether or not to walk out and in kentucky thousands of teachers parents and students rallied today at the state capitol to press their demands for greater investment in education and defend teacher pensions and climate news the united states department of agriculture is drought monitor data shows that drought conditions in much of the southwest portion of the country have worsened the southern high plains and oklahoma. is the worst well point two percent of the state is experience sectional drought that's the driest drought classification and in related news we oftentimes learn that drought conditions in california mean the water supply is in jeopardy but recently repeated storms have brought lots of persist for to patients to the

state and furthermore there are melt from the sierra snows which actually tripled this month state why water reservoirs it's their storage is up one hundred six percent above the normal cyclical five holes all that means california should have enough water supply for all of this year. and the eight summit of the americas begins today at lima peru the summit will bring together at least twenty heads of state from the western hemisphere fighting corruption is a theme but the leaders will be hosted by the new peruvian peruvian president martin this caro who took office after the recent impeachment of his predecessor as reported earlier this week president donald trump will not attend the summit the first time a history that a u.s. president has not attended the event vice president might pence will represent the united states in ten instead venezuelan president nicolas maduro who was disinvited from the host nation called the summit a waste of time of course he would the summit comes at

a time of turmoil in the region with regional power brazil and tumble over the country's most popular politician former president lula da silva having been effectively barred from this year's presidential election by a conviction and jailing subsequent jailing during the appeal that may have been called politically motivated it is called politically motivated by many and zooming in on brazil is a regional powerhouse economy but elephants will be sitting in the room with michael to mir at the summit of the americas that is supposed to focus on corruption and good government here discussed the current situation in brazil with us is the greater depth is a thank you so much for the council of hemisphere. affaires right got that right right yes well thank you so much for being here with us so we talked about brazil just from this hundred thousand foot level lot of times so first of all tell us about he is in jail now right he is and he turned himself in on saturdays

and has being in jail since then so he's very popular still right he is if the elections were to they hear would win and the scenario that with any other candidate so far. he is very popular his remains very popular and i think that despite. the attempts from the media from the opposition and the country his jailing has only increased at his popularity it's now. you know a common perception that he's being just a leap persecuted and. a couple i want to get to the economics here but i don't want to leave quite yet so two things that i've read that i find interesting is one the judicial system in brazil which in the article i read it says that it's really more like an inquisition where the actual people that investigate you can

also then put on a judge's robe or wig and then try you which in the u.s. we say no that needs to be separated is that's what it's like yes we have additional system in brazil that is very out today that we say it's like a moderator power that we have you know the imperio power of portugal and it's a very complicated and what we're seeing now is that the same people who investigated also prosecutor and also judge the case so we have for example judge a sergeant modo who has spent years of his life investigating the law now also sending him to jail what is the objective there how can he be objective in a k. . is that he you know he basically his whole career in trying to frame lula know how it is europe huge pressure yes there is to know in brazil we have a four tiers of appealing court. case when just when should the second one but

what is most revealing is that are left a week we had the justice of the country and they were ruling his obvious corpus his right to remain out of jail as brazilian constitution say to remain out of jail until the end you know all the appeal process is completed and treat of those just set i believe this constitution does is unconstitutional but because it really but because it's look i'm going to rule against it it is it is very notable ok we love talking about that stuff but we are business of trying to show i want to know about the economy in brazil it has not been great in recent years what are you but at all we have. since rousseff was ousted you know the workers' party government i think it was the only one since the room democratization i'm sure it was the only one who really implemented economic

policies that try get to close the gap the social gap in the country lifted out you know thirty eight million people from extremely poor very popular yeah of course and since the first half was ousted two years ago almost fifty million people are now back into extreme poverty and you know most jailing it's going to have part of the impact in economics was and i have you know there's a lot of. aspects to the economic crisis in brazil but almost jailing one highlight. how this institutional krises that is started with. a recess all stiff is going to know is deepening right now and second they certainty about the upcoming elections i mean. who is going to

invest in a country that doesn't have you know it's i when i read your lectures in october and can. actually run from prison yes i mean it's a it's separate it's separate product that it might even you think might even help them right ali his popularity is starting on the rise certainly on the rise. with the council for hemispheric affairs thank you so much for being here what a delight to have you know hope you'll come back sometime thank you thank you. saudi arabia's mohamed bin solomon known like a rapper as m.b.'s has conducted concluded reveries nearly three week trip to united states what did he do and who did he do it with r.t. correspondent trudy chavez tells us. it was a jam packed three weeks for thirty two year old crown prince mohammed bin someone

who is saudi arabia's deputy prime minister head of the economic development team and also the country's defense minister his press corps was meant to change the country's image he met with top executives from corporate america as well as heads of tech companies in silicon valley all part of his plan to show that saudi arabia is open for business going to. his first stop washington d.c. where he brokered arms deals with president trump the much we've followed by trips to harvard and mit where he shared his big plans for technology investments then new york city where he sat down with wall street fight and see errors american c.e.o.'s and attended dozens of events one where he even signed a two hundred billion dollars solar agreement with softbank also while in new york the prince met with u.n. secretary general antonio you ted as another senior u.n. officials the meeting focused on the tense situation in several arab countries and

saudi arabia's role in establishing stability in the region then i was off to the west coast where you had dinners with hollywood moguls like rupert murdoch bob iger and even oprah not to mention some of the biggest players in the tech industry including tim cook jeff bezos and bill gates to name a few he even got an extremely rare look inside of the five billion dollar apple park campus while in silicon valley the prince also visited google where he met with founders larry page and sergey brin as well as the c.e.o. of the company it's on darpa he was briefed about google's electronic cloud technology and automatic learning as well as ways to incorporate cyber security and according to reports the meetings are all part of a bigger plan to transform his kingdom into a tech and logistics hub in the middle east during the trip the saudis signed a cloud computing contract with google however the financial terms were not disclosed reporting in new york trinity chavez r.t. . we're going to squeeze in a quick break here. stay with us because when we return mick mulvaney has not

burned down the consumer financial protection bureau but he's done a heck a lot of damage bartlett nailer public citizen gives us his reaction he was there at the hearings this week mr ball baby steps to testify twice for the house and the senate plus an author and commentator steve keen joys look from london with the latest on the u.k. and e.u. trading relationship as we go to break here are the numbers at the closing bell blitzkrieg action today on the numbers board with the red arrows for the dow nasdaq and s. and p. while point and gold are all in the green we'll be right back. join me every thursday on the alex simon show and i'll be speaking to guest on the world of politics small business i'm showbusiness i'll see you then.

apply to many clubs over the years so i know the game and so i got. the ball isn't only about what happens on the pitch put a funnel school it's about the passion from the fans it's the age of the super money just kill you narrowness and spending two hundred twenty million and one player. it's an experience like no one else want to because i want to share what i think what i know about the beautiful game played great so well more chimes with. and thinks it's going to. american sanctions would be damaging but i mean is this justice is it fair is this all us should would use a country like a tissue paper and when it thinks it doesn't need it anymore it just costs the way

i think it's very immoral. welcome back the wall street journal reports that in twenty seventeen asian venture capital start up money has risen dramatically accounting for forty percent of the one hundred fifty four billion dollars spent on global venture capital funding u.s. investors long and still the leader invested forty four percent of that hundred fifty four billion and continue to do to do more deals than investors from any single nation the move comes as key technological innovations and artificial tell intelligence autonomous vehicles and other cutting edge technologies are emerging as highly sought after initial investment and a task force has been established as a result of the directive by president trump got to have a task force to examine and make recommendations for reform of the u.s.

postal system the news comes after presidential tweets related to amazon getting too good a deal on shipping from the post office according to the president who said the postal services and on an unsustainable financial path and must be restructured to prevent a taxpayer funded bailout. and over the right hailing company whose autonomous self driving vehicle struck and killed an arizona woman in march says they are absolutely committed to continuing their self driving car program testing had been halted and says that technical modifications are needed you think but ultimately self driving cars will be safer than those driven by humans and in related news the national transportation safety board n.t.s.b. is in dispute with tesla over another fatal crash related to a self driving test a model exports utility vehicle the feud involves n.t.s.b. excluding tesla from continuing parts of negotiator of the investigation after it

was determined that tesla improperly released data details about the crash before n.t.s.b. . investigators had bedded the data. the acting director of the consumer financial protection bureau mick mulvaney who's all through the hole in the director office of management budget director appeared before the house and senate committees this week two days in a row saying that he had not burn the place down and that he was at work almost every day he has previously sought in congress to kill the agency that he leads was criticized by many who supports the mission to protect consumers but not all members agree with that sentiment and here discusses bartlett naylor financial policy advocate at public citizen you're up there on capitol hill for both days house and senate side yes ok so i mean when he said this thing about you know have burned the place down and i know he said it

a couple times but that he shows up there almost every day i mean were there any gas or were there too many people on the other side it is so breathtaking the extent to which he is deconstructing dismantling the consumer financial protection bureau is that we gasp at the first one and we can't catch our breath like with another politician we know yes he's filed zero in force meant actions since he took office the last enforcement action you can look on the c.f.p. piece web page is a member twenty first of two thousand and seventeen he takes office november twenty fourth it's now april there have been zero in fact the score should be negative for because under him they dropped four cases including to one for him who was a contributor when motivating was the south carolina congressman who was a firm that was a contributor to his political campaign and that was one of the matters that he dropped and that's one of the matters that was dropped under his under his oversight that's right ok this person also had the temerity to send him an e-mail

applying for the job because he won't be the director indefinitely at least we hope not but she thinks she should be the director of the senate. the person who is with the company of the station is dropped from the c.e.o. of the company also wants to the director of the c. of p.b.s. sent a letter to melanie and we use the acronym but the candidate is the cat the word is protection consumer financial protection bureau and here's a person who was who is allegedly had it's nicer corporate financial institution protect its consumers and that's why we those of us who were actually worked to try and get that thing in place ok now what that means that they haven't filed any of foresman actions essentially that they are not acknowledging because i know from being a regulator you know from watching guys like me and others that they always have in the pipeline various investigations going on so there's been a this is not a coincidence there's been a proactive determination not to go forward with anybody right that's what the data

shows so until november twenty first there were two to four enforcement actions a month for the last five or so years that return twelve billion dollars to twenty eight million american victims and cents than twelve billion dollars to twenty eight million americans that's right over the last five or six years through to and that money that they're returning what bartlet credit card scams to cept of lending . over charges all all sorts of i'll not just putting bad guys in the fining them and then in some cases referring those cases to the f.b.i. the department of justice for criminal prosecution but actually returning money to consumers that's right getting money back that was scammed and putting it back in the pocket of the consumers from whom it was taken you know you and i talk we had you on the program before when this was all go going on the whole the change of the guard there that's pretty much over is an additional cases that the case is what really leander english in fact the court heard the case this week it's on appeal

where an amicus public citizen as an amicus a former public citizen attorney is leander english as a term. and i would say the judges ask critical questions this director has to be independent that means he or she can't take orders from the president as the o.m.b. director essentially everything that can be vetted can be overturned by the president because he can just draw him back and the judges were critical of that situation. knowledge that they weren't necessarily sympathetic to english as casey that's the person that cordray had had put in place but nor were they sympathetic to this is a truly independent situation there are lots of things in government don't work and it is a swamp in many regards i'll give the president that having independent financial folks like i was once your confirmed by the senate you can do and say what you want you can't be fired and i know because it does give you the freedom to say what you want even if people don't want to hear it that's also the case with great consumer

organizations and it's a case with you my friend thank you. for your work. on the trade deficit for the united kingdom has grown to six point four billion pounds it's about nine point one billion dollars as a result of decreasing sales to nine european union exports are growing u.k. trade gap was partially offset by increased exports to the e.u. from the u.k. here to join us is steve keen steve we thank you so much for being with us particular when it's late over there in london the u.k. deficit trade deficit is smaller than previously thought what are we to make of it . well not a lot it's not a measure of fluctuation and then there are elements about revaluation of including profits on financial transactions which went recorded previously which are produced to try deficit for a substantial margin going back quite

a few years since they've backtracked in the data so it's not a major change it's i think we spend far too much time worrying about mana fluctuations around long term trends and the long term trend i think is still for the u.k. to have a much bigger try deficit than it should actually have and it's largely in that situation i think because of the impact on the euro making german manufacturing exports and the like a lot cheaper than they would be if they had a genuine currency in europe rather than the euro i'm curious that's a great explanation but i'm curious steve if there is be we think about this whole the whole brecht's circumstance and the ongoing sort of tussle listen to whether or not they'll be individual trade accords and that the regulators in the in the e.u. say no you have to have a agreement with all e.u. members but it is correct is that those individual countries many of them still want to trade with london and with the u.k.

right. oh yeah i'm in the trade again they're trying to go as i think is something we spend far too much time discussing because conventional economics sees guys coming from specialized and therefore expanding try to is always a good thing and politicians enjoy going across and being in some exotic location except for donald trump and so on in these agreements they've got a very positive spin on the whole thing in fact what gives you growth is investment and and that's where the u.k. is actually extremely wake and sense of the proportion of the economy it's devoted to investment it's down towards the order of ten percent of jade a pe where is germany's on the order of twenty percent more of j. k. what the nature is more investment rather than focusing upon this obsession about tried when well let's talk about that just a little bit more we talk about growth this year in the in the u.k. how are they going to be not necessarily asking you for the exact g.d.p. numbers that we expect but i mean are they better off than they have been in the

last couple of years what do we see the economy in the u.k. given that we see bracks it coming forward next year do we see it making progress or that still in the doldrums. still pretty much in the daltons but of course the impact of bricks that was massively overestimated by all the people who are against bricks that if you're a member go back to the bricks that discussions are talking about the next day the economy fall off a cliff they're predicting something on the scale of the two thousand and eight financial crisis which of course the people making those predictions did not see the funded financial process coming but it was going to cause its acquittal and well the day when it did couldn't went and nothing much happened the sigma mention of the economy continued on what we got for a while out of bricks it was a fairly dramatic devaluation of the pound that now seems to be reversing that should have been a chance to get britain's manufacturing sector back on back into existence again it really hasn't been particularly taken advantage of but overall the impact of the

negative impact of bricks and says the financial corporations talking about leaving and all the panic that is still going on here this obsession with bricks that was largely counteracted by the the current the that the currency gun in the opposite direction and giving a bit of a fillip to the economy so it hasn't been as dramatic as thought but still the u.k. is mine problem is it doesn't invest enough it's still not investing enough. and that is what's really dragging it backwards rather than the absence of try to grant's steve let me ask you one quick question before we go with all of this trade tantrum the tariffs the talk and what do they think it over there i mean you speak with people not just in the u.k. but what do they think about this this pretty what seems like a pretty much of a mess at least in the media. well this this is a mrs this is one of the few times that i think what donald trump is doing is actually worthwhile because it's been this conventional belief that we more we

deregulate the most globalized the bit of the world is of course we've seen massive protests about people suffering from globalization and they're quite right it goes beyond the complaints that george the statements made some time ago that the benefits of focus on the wealthy the guys on the poor it's also just simply wrong about the way the economy functions you do want to have firms investing that's that's where the growth really comes from and to some extent by disrupting this may actually fall some of the manufacturing investment to occur that he's being received selling himself to his supporters on so i see it as chaos but really what happened for him was a conventional wisdom which was which was fantastical so this is one time i done lot of it of couse being caused by donald trump steve king author of can we avoid another financial crisis he's told us the answer to that before thanks for your time steve. and it's getting warmer here in washington d.c. in the united states unlike most of the world many americans like to cool off with

a cold beer however like most things in life sometimes beer can be too much of a good thing after studying the drinking habits of more than six hundred thousand drinkers doctors conducting a study noted that heavy drinkers above the age of forty lost an average of fifteen minutes off their life expectancy it doesn't seem like much but just be careful not to drink too much coming ahead or you could also be a hero by rescuing a beer from a bottle that's all for now be sure to catch boom bust on you tube youtube dot com slash boom bust artie well see again. see this is harlan kentucky. in this group the lawyer says you can go green street i'm using the room in.

a coma and he says he was almost no coal mines left. the jobs are gone all the coal mines of said. that it was a laugh to see these people the survivors of disappearing before their eyes. i remember thinking when i was younger that is anything ever happened to the coal mines here that it would become a ghost town but i never thought in a million years i would see that and it's happened it's happened. but whole existence to. put themselves on the line they did accept or reject. so when you want to express. some want to reach. out to the right person this is what the full story of the more people. interested in the waters in the. first city.

four men are sitting in a car when the fifth gets shot in the hand. all four different versions of what happened one of them is on the death row there's no way you could have done it there's no possible way because the oldest did not shoot around a corner. what it looks. like i just. want.

to crush the. u.s. the u.k. and france carry out strikes against the syrian government in response to an alleged chemical attack in eastern because the intervention came just hours before international inspectors would use for rifle investigate claims. the u.n. security council meets again in two hours at the request of russia which accuses america and its allies of violating the u.n. charter. u.k. prime minister nor does the joint military operation against assad's government is limited targeted and effective. for me that's a paradox.