years with world class matches and their marquee its owner eddie hearn admitted quote we can take the sport stage a really really good fight and come up with the newer and better consumption model h.b.o. and showtime currently dominate the top plate boxing doubts charging between seventy and one hundred dollars per package design plans to charge around twelve dollars a month in hopes to attract a wider viewing audience he'll perform group simon denner remarked quote the paper of your model isn't working anymore economics have killed it both parties hope this deal will pave the way for more sports to adapt to digital and streaming technology for our team this is regina ham. and time now for a quick pause for the promotional cars but stick around because when we return we look at wells fargo and consider how things got so bad we'll be joined by enjoyable sloan the founder and c.e.o. of sloan financial group plus alex one file of it brings us up to speed on the trade war with china and as we go to break here are the numbers at the closing bell

except for bit coy all green arrows today will be right back. to the transatlantic alliance is whether the number of storms during its seventy year history we are told this is because it's the state american leadership in the same alliance has survived the storm. when the whole make this manufacture consent to public wells. when the ruling class is protect themselves. with the famous merry go round the sun the one percent.

we can all middle of the room see. the real need for. us. i.

welcome back farm equipment manufacturer john deere from good old moline illinois is raising the price of their products the move was announced in the roll out of an earning statement in response to recent price increases of steel and aluminum as well as increased fuel costs which in turn pushed up freight rates on deers heavy duty products transportation cost of also been pushed higher by a shortage of truck drivers the earnings report also a just a deer's for your income forecast upward with sales of agricultural equipment projected to increase by fourteen percent the solid growth in demand of the expected to give deere some insulation from the impact. the price increases. the serious fraud office or s f o in the u.k. has lost a major court battle with barclays the big bank a criminal court has dismissed charges brought by s.f.o. against a multinational bank for actions taken to raise capital from carter after the two

thousand and eight economic crash the s.f.o. has accused barclays of false presentations relating to an agreement barclays entered into with holding l l c and providing unlawful financial assistance in the form of a three billion dollar loan to carter court last bodes ill for the future of the which currently has no permanent director after their leader resigned last month barclays said in a statement that they expect the s.f.o. to attempt to reinstate the charges. c.b.s. corporation is in a fight with national amusements incorporated which owns viacom for who will control c.b.s. going forward national amusements is owned by the redstone family which also controls they would jordi interest in c.b.s. late last week the feud became frontal in court here to explain what's been going on and what to expect at c.b.s. is conservative t.v. and radio host steve malzberg steve thanks so much for helping us out on this set

the table what's going on with these media moguls well let me tell you something this would make a great c.b.s. mini series or drama because it has intrigue it has everything you want to capture the public's attention all right so so the red stones through national amusements sherri redstone is the controlling member she is the current controlling shareholder of both viacom and c.b.s. they fall under the umbrella of national amusements and she wants a merger between c.b.s. and viacom they've had merger talks but they've been unable to agree to terms especially when it comes to management how that would be set up what the role of moonves the print the c.e.o. of c.b.s. would be etc so so that's that's that's where we are that's the overall message that's setting the scene as they say ok and then by the way we covered last week i think that les moonves the c.e.o. of c.b.s. of the second highest paid c.e.o. all companies all around the world but put that aside for

a minute so last week last thursday there was a court decision what was this case about and what did the judge rules all right well c.b.s. went to court on the last week and they on monday and they said sherri redstone at redstone is interfering in the interests of the shareholders of c.b.s. by trying to force a merger and by by basically acting as a majority shareholder of a company the judge said he didn't see any and. ference but basically reserve the right to come back so let me tell you before that there is a decision on wednesday sherry redstone decreed that any c.b.s. once they issue a dividend c.b.s. wants to issue a dividend to shareholders which would effectively take sherry redstone out of the controlling interest seat weaken her voting position and and go from eighty percent down to about seventeen percent control of the company so cherie redstone issued an

edict saying to do that the c.b.s. board has to have a supermajority ninety percent and so that was wednesday thursday the judge said she's not interfering and i know you want to hear about what happened what happened at the border shooting. they had the board meeting on right after the court decision on thursday at c.b.s. and they voted eleven to three not ninety percent not a super majority but they voted to institute that dividend and stripped her of her majority rule if you will when it comes to of voting influence as a shareholder majority shareholder of c.b.s. but that's not going to fly that's not going to fly at all all right so what do you expect going to happen here all right sherry read some says she will not force a merger but she is this connected to a former special committee which will replace most of the board members of not all of the board members so she will have complete control and i think as time goes on

she will force that merger and i don't see any way that this merger you know with with les moonves at the helm takes place but she will not be ousted she controls the votes at the c.b.s. as far as the c.b.s. control go you know and she can't be you know pushed out by some arbitrary vote by the board you know crazy thank you for the palin century conservative t.v. and radio steve malzberg your time but with. the end game of us present. donald trump's confrontation with china may be coming into view this week on sunday after an intensive three day summit with chinese negotiators treasury secretary steve i'm in new sion told an entertainment program on fox network we're putting the trade war on hold specifically mr mission said that they threatened tariffs of one hundred fifty billion dollars worth of chinese imports we put out a whole ball talks perceived mr pullback comes as many observers are noted little

payoff from trump's bluster based upon negotiating strategy on trade issues while walking back the tariff trat mr minuit threat mr minutiae also had to acknowledge that chinese officials had made no commitment on promises to increase imports from the u.s. much less than two hundred billion dollars in additional purchases that the trump administration said was on the table mr boucher also appeared to rule out any flexibility in treatment for the large chinese z t e specifically ruling out any pretty pro quo or relief from the company and exchange for chinese trade concessions president trumps national security advisers reportedly pushed back strongly after mr trump suggestion on twitter that be protected from u.s. sanctions and here to bring us up to speed on this whole issue is r.t. correspondent alex mann hyla bitch who joins us live from toronto alex thanks as always president trump came out guns a blazing a couple of months ago when it came to trade with china why the seeming change of

heart here. everybody's so negative about this here from moody's as well so yeah this doesn't really mean not much well it does mean a lot actually you know trump came out as you just mentioned guns a blazing a couple of months ago you know the chicken little sky is falling type of scenario that's what trump does and china is very well aware of that they've studied this man back and forth so they know what's going on so he you know is trying to scare people this is happening on so many different fronts by coming out hard and it is working to a certain degree and especially when it comes to somebody like a country like china now moving forward with a set a framework has been built now that doesn't mean anything in concrete terms maybe to you and me we're not hearing dollars and cents but to when dealing with china which is a country that historically has had things that go its way it's a it's a powerhouse any way you want to turn it this is actually a step forward now let's talk a little bit about that trade surplus let's bring up this graph so people

understand what we mean by translator for the surplus there's a massive gap here and what china is actually moving in the direction of saying hey you know what we're willing to reduce this willing to reduce it is big it's massive actually so that you were talking about the two hundred billion dollars or that's what china was actually pledging or at least the american side is saying they're pledging to do this by two thousand and twenty that there's going to be a another two hundred billion dollars of trade coming from china that would be imports from the states into china which is a huge amount of money in this isn't sector such as technology agriculture and energy all big sectors energy would have tons to win here we're talking about between forty and fifty billion dollars and one of the complaints or one of the the fears the chinese have had so far at least they're saying this which is a smart thing to say is we don't know that you could supply what we need so we were you know a little bit hesitant about buying it from the states this is all talk it's all back and forth this is a game but at the same time china has

a lot to lose here too and they know very well that they have to do with. business with the united states of america and making that trade surplus a little bit smaller or a lot smaller works out for both countries in the end alex you're so concise and it's so helpful r r t correspondent alex one hyla thank you as always thank you. we've spoken about wells fargo many times on the program more than i would like frankly but they seem to like the energizer bunny for bad bank behavior in that they keep going and going and going and always doing something wrong today we focus on their history of the current circumstances and the future of bad paying be here and here to lend us a hand as the c.e.o. and founder of the sloan financial group angela sloan who joins us angela thank you for being with us i've given speeches over the years about the important role

played by banks and actually developing the country in our growth but in all the way back to the railroads and infrastructure canals a telegraphic cetera and one of the key banks in that history of our economic progress especially as it relates to the american west as wells fargo they did a great job back in the day but they've made some major missteps in not just the last recent years but for a lot of years and i'm just curious you know you've spent your career and finance a trying to your for do sherry i assume trying to help average investors do what's right what do you think about this seemingly endless scandal at wells fargo. well i think it's disgusting to tell you the truth and the fact that you know. it was been through a bank account back since the one nine hundred ninety s. according to an article that was in bloomberg if you look at just scandal after scandal after scandal after scandal when doesn't stop when the regulators step in to protect our to protect our citizens where are the regulators in all this. well

they've got they've got limited budgets unfortunately i know that but it raises a question about what's going on when they can't get caught and it takes so long. i wonder if you might for our regular boom busters who might not remember can you chronicle some of these past bad bank behaviors that wells. well you had the car insurance scandal where people were being billed for car insurance that they didn't need nor were they informed that they were going to be billed for this car insurance then you had a scandal where they were charging black mortgage holders more than they were charging white mortgage holders then you had all the fake accounts scandal and they got people getting credit cards that they didn't apply for it has been one scandal right after the other and you ask yourself will you know where is management not this is management know as well and that's a double edged sword you know if management didn't know it and that tells us that

they're not doing their job if they didn't know it then that's just as bad i mean we twins were which was worse they knew it they were turning their head or they didn't know it because they weren't doing their job is why they're holding bad mom mom with you and the fines and even though they might seem like a very large amount to mean to an average person a million dollars might seem like a large fine so certainly you know ten twenty hundreds of millions of dollars may seem like well that's that's right they should pay but some of these banks are so large that even ten twenty even hundred million dollars might simply be a cost of doing business right. oh yeah that's a drop in the bucket to them and you take someone like myself i would have a padlock on the door because i can't afford to pay the response you take somebody who can afford to keep paying their sons and somehow i just can't get away with it start reading don't get to pay another fine so you have to ask yourself where are the regulators are they being paid to they like getting paid these big fines are

they being paid to turn their hand where are you bringing letters that just doesn't make sense when it's true that on this scale this big we're the regulators why are you not doing your job and what about settlements and you know the settlements are a way to avoid long legal battles but in most instances the defendant doesn't even acknowledge guilt should the instance of the regulators actually insist upon admittance of guilt for these settlements. the guilt we know they're guilty but it doesn't matter to me if they admit they're guilty or not we already know that what matters to me is what's happening to consumer and when these big fines are being paid how much of it is being paid out to the consumer to heal the consumer and heal their wounds as to what's happened to them how many of it how much of it is being used to restart or what the consumer has lost and i can tell you there are probably restoring about pennies on the dollar what the consumers

actually losing and in there was some situations back in the two thousand and eight where one very very large brokerage firm got hit with some huge huge fines and hardly any of that dribble down to the consumers' hands to restore what they had lost so at a meeting yeltsin or here or there in my book as we know they're guilty and they know they're guilty the question is how is the consumer being restored for what they lost where the regulators why are they not making them restore every dime that was lost to these consumers and in some cases it's hard to come up with a dollar amount you know if you've been given our credit. a credit account it's messed up your credit score because you've had too many hearty inquiries or because . you shut it down and you know sometimes shutting down an account can lower your credit score i don't know how you would put a dollar value on that but these consumers need to be restored i couldn't agree with you more on that they do need to be restored that there's been some of that

but certainly not enough angela sloan the c.e.o. and founder of the sloan financial group thank you so much for your time sure appreciate it thank you for having me it's been a pleasure. and before we go i want to put my former regulatory role hat on here and say that regulators are not on the take people are in public service for just that public service not for money certainly doesn't pay enough that said they are often too lax at being proactive they need to do better plus they're almost always very underfunded and therefore understaffed. and in addition they often lack the enforcement tools that is the law they don't have the law with them to punish nefarious actors and without the laws there is only so much regulators can actually do as far as anyone being paid off well it might not be a direct payoff but those members of the house and senate and other politicians around the world which support reduced regulation do often receive campaign contributions from those interested in continued lax regulatory policies i'm not

suggesting that there are any payoffs or anything i'm not suggesting that i'm just saying i see you next time. we are now experiencing the end of a thirty year bull market in bonds which means are entering a period of rising interest rates and so the urgency to get deals done before that any cost is applied toward financing whatsoever needs to happen quickly so i predict in the next twenty four months you're going to see the biggest wave of mergers and acquisitions ever in history by a factor of ten as just thirty or forty percent of everything that's traded out there gets gobbled up and taken from. the american american policy. the american put is so you.

can close to each other in these. companies can be successful to. u.s. secretary of state issues twelve demands to iran. financial pressure. being the stronger sanctions in history. italy is on course to become the euro zone's only country ruled by euro skeptics as to populist parties come together to present the president with their radical program. claims that we have infiltrated his two thousand and sixteen election the justice department's inspector general demand expands rather an investigation into whether inappropriate surveillance took place.

broadcasting live direct from our studios in moscow this is our interest. to have you with us washington has threatened to impose unprecedented financial pressure on iran the u.s. secretary of state has made to twelve demands of tehran and promised it will be hit with the worst sanctions ever if they are not met. iran must declare to the i.a.e.a. a full account of the prior military dimensions of its nuclear program stop enrichment provide the i.a.e.a. with unqualified access to all sites and its proof aeration of listed must really follow us if it doesn't support the middle east terrorist group iran must respect the sovereignty of the recchi government grant must also end its military support for the coup de militia to drop all forces under a new command throughout the entirety of syria the support for the taliban and other terrorists in afghanistan in the region and i or g.

could force its support for terrorists and militant partners around the world and to iran must end its threatening behavior against its neighbors many of whom are u.s. allies well he started off a speech trying to convince his audience of how bad obama's deal was claiming that its flaws put the whole world at risk and arguing that the chase c.p.o. way only postpone iran's development of nuclear weapons and now pump a zero also promised unprecedented financial pressure on iran ordering that think sions will not change until iran changes and threatening that iran will have to fight to keep its economy alive we will apply unprecedented financial pressure on the iranian regime the leaders in tehran will have no doubt about our seriousness these will indeed end up being the strongest sanctions in history when we are complete it's also worth mentioning that this economic pressure can only succeed if the e.u. also complies however the e.u. has already stated that it's satisfied with the existing deal saying that more

sanctions are unnecessary as it seeks to protect its companies that are doing business in iran the european union and will remain committed to the continued food and effective implementation of the g.c. as long as iran abides by all its nuclear related commitments as it is doing so far so let's quickly break down some of his demands you know some of them have at least something to do with the previous iran deal for example pump a zero demanded that iran stop enriching uranium and never preprocessed plutonium and asked for access to all. all of iran's nuclear sites but these remains were not only part of the j c p a way they were met by iran which was certified by the i.a.e.a. other demands pompei a made had nothing to do with preventing iran from acquiring new these for random foreign policy demands which included asking iran to stop supporting who these in yemen demanding that iran pulls out of syria but one highlight of the speech was when pompei accused shia iran of supporting sunni extremist groups in afghanistan

and apparently pressure will continue until iranians change of government so now america is blatantly telling the iranian people what to do check out what he said at the end of the day the iranian people will decide the timeline at the end of the day the iranian people will get to make a choice about their leadership if they make the decision quickly that would be wonderful if they choose not to do so we will stay hard at this until we achieve the outcomes that i set forward today so that could be interpreted as a call for regime change which unlike pompei is nuclear demands wasn't part of the original deal but all in all it's unclear what the administration is looking to come out of this but what does have to wait for reactions from the rest of the world. iran has already responded to washington's salue of demands president rouhani has said america has no right to tell tehran what to do and that the world will no longer cave in to washington's bullying and commenting on pompei as insistence that iran withdraw from syria the iranian president said tehran's forces

will stay there to continue fighting terrorism here's what people on the streets of tehran had to say to us about the situation. americans keep saying they have nothing against. the government but in actual fact distinctions of general public in iran are just as much. that's not true that over again. the united states has closed its doors to negotiate cannot hold talks. meanwhile germany's foreign minister has reiterated berlin's commitment to keeping the wrong deal why iran is you know why did neighborhood and since we don't see any better alternative a present we don't want to leave it to you we don't want to be working on a nuclear weapons program this affects the security interests of germany and the security interests of europe a number of analysts told us washington's belligerent could cause chaos across the

middle east and leave the us increasingly isolated. this is not the first time actually american administrations in the past have tried to actually destabilize it on from the inside but the problem with that is that this turbulence in governments in this part of the world there from libya in syria in. various parts of egypt. in tunisia these disruptions for the for the stability of these countries created more damage and more harms for the rule of law for human rights for human dignity all over the region seeing that the wrong will not trust the united states for years and the allies of the united states on the other hand even the europeans they cannot count on what the united states say. the stamp administration regardless of what their allies in europe are saying they restore fund the deal that the europeans were supporting i think it will be very hard for the united states to bring europeans are the sensors on board in order to support that pressure that

they are talking or the historic sanctions they're talking about i think at the moment you know are these two we are going by trying to further isolate the united states internationally really foreign ministry have been trying to reach. the european partners with russia. china because they. notice extremely without a serious international consensus and agreement and alliance the united states cannot goo back to the regime of sanctions that exist against iran from two thousand and ten to two thousand and fifteen. u.s. justice department's inspector general is widening an investigation to look into whether the f.b.i. surveillance of donald trump's two thousand and sixteen election campaign was politically motivated it comes after the president claimed the agency infiltrated

is team. if anyone. disappoints in a presidential campaign for inappropriate purposes we need to know about suits and actually the stakes are getting higher in the ongoing spat between donald trump and the intelligence community this probe has opened up in response to a request donald trump made on twitter is favorite media called on the department of justice to investigate this and furthermore to find out if the obama administration are the ones that actually ordered the f.b.i. to infiltrate the trump campaign before trump's tweet we did see media reports indicating that it was likely that the trump campaign had been infiltrated and let's remember that when trump came out and said that he had been wiretapped a similar claim he made about a year ago the media responded rather harshly where did trump get these ideas where is he getting his information from anyone here disagree he wasn't going to hold

anybody radionic where is the proof what the president charged president obama with wiretapping him it's not true now this time the american mainstream media has outed the mole people are pointing to stephen hall per he's a seventy three year old professor at cambridge university in the u.k. he's american born there he's got longstanding ties to both american and british intelligence agencies and apparently infiltrated the administration of u.s. president jimmy carter on behalf of the ronald reagan campaign the department of justice and the f.b.i. will not deny that they there was somebody in the campaign however they have quibbled about the wording they've said this was not a spy this was rather an informant they refused to name whether or not it was stephen helper but the question is if it was steven help or this is somebody with a well known reputation links to the cia british intelligence so revealing his identity wouldn't exactly put people's lives in danger or be some kind of huge threat to national security or if it is it's not exactly clear why that would be

they haven't community. that this is just the latest episode in the ongoing spat between the trumpet ministration and the intelligence agencies showing that there is a high level of division and insecurity in washington d.c. . former u.s. presidential candidate hillary clinton has attended a graduation ceremony at yale university and she followed the tradition by wearing an unconventional. a russian. i mean if you can be done trying. the way the winning. combination. on october twenty eighth.