welcome back farm equipment manufacturer john deere from goodall moline illinois is raising the price of their products the move was announced in the roll out of an earnings 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 adjusted deers full year income forecast upward with sales of agricultural equipment projected to increase by fourteen percent the solid growth in demand of the expected to give dear some insulation from the impact of 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 qatar 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 fall 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 a controlling member she is a 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. 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. 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 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 sherry redstone issued an edict saying to do that the c.v.s. ford 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 strip 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 cheri 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 a new ssion told an entertainment program on fox network were 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 in exchange for chinese trade concessions president trump's national security advisor is 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 present 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 be 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 and 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 or to 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 trade slower for the surplus is 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 that 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 and this isn't sectors 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 didn'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 the current circumstances and the future of bad bank 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 a special 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 sherri 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 bank you can think 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 does it 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 is this management know because well 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 went to work 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 i 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 west errol 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 they 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 they bringing letters that just doesn't make sense when it suits and this scale this big where the regulators what 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. guilt that we know they're guilty 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 the consumer and when these big funds are being paid how much of it is being paid out to the consumer to heal the consumer and to heal their wounds to what 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 doing they're probably restoring about pennies on the dollar what the consumers actually losing and there was some situation 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 it dribbled down to the consumers' hands to restore what they had lost so at meeting dell neither here nor there in my book as we know they're guilty 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 a 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 then 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 there has 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 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's 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 you 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 just thirty or forty percent of everything that's traded out there gets gobbled up and taken price. seems wrong. but. just don't. let me. get to shape out these days come out to. and indeed trade equals betrayal. when something and find themselves worlds apart we choose to look for common ground . for a world cup twenty eight team coverage we've signed one of the greatest goalkeepers of all time but there was one more question and by the way he's going to be our coach. guys i know you are nervous he's a huge star among us and the huge amount of pressure to come out you have to go

meet the center of the big football we're with you and you saw all the great game the great the good you are the rock at the back nobody gets past you we need you to get down going let's go. along and there's a war in europe and i'm really happy to join the for the two thousand and three in the world cup in russia meet the special one come on don't appreciate me to just read the review the artie team's latest edition to make up a bigger certainly better jersey look. i have. that i'll. tell you this year than all. the. little. high. i know you said i had a brain but that may not allow them to just tell you that outside of the not on the

. by then got a session on the not at all. by then is a shift the long. haul ass done ninety seven percent going on one. song certainly not so it. can be and also it was if you have to go to the park multiple injuries among companies to sell them to yourself you hold most of the work but shows you know your marks on the phone to go down the hall on the feeling of accomplishment for most of the say yes but in the case of booking i wasn't sure if my. animated not a lot of elaborate on that the sheer hell of the somethin he'd look like that played on long enough something magic. that a salute to look my. way would acknowledge it maybe i do believe that.

the us is top diplomats liaison to twelve point olds who may turn to iran but the hardline demands are being slammed at home and abroad as a batsman sues against a new nuclear deal. secretary from speech has not demonstrated how walking away from the juice it has made and will make the region safer. also this hour the u.k. government is blamed for a lack of action almost one year on from the grenfell tower fire a public inquiry is only now getting underway into why seventy two people lost their lives in the london tower block and think they're doing enough for that awful lot of government are they going off not nearly enough no that's not even close i

could see. less accusation spread and new investigations open in washington as the alleged trump russia collusion probe goes full circle the f.b.i. is now under the microscope for its inquiry into the us president. a very well malcolm you're watching r.t. international with me and he air and our top story this hour opposition is mounting against washington's new proposal for the iran nuclear deal as the u.s. threatens to run with what it's called the worst sanctions ever on monday the u.s. secretary of state's mike pompei or put forward twelve demands promising unprecedented financial pressure if they're not met. iran must declare a full account of the prior military dimensions of its nuclear program iran must stop enrichment but then support

a middle east terrorist group around must also end its military support for the for the militia iran must and its threatening behavior against its neighbors we will apply pressure to financial pressure on the iranian regime leaders in tehran will have no doubt about our seriousness united states intends to work hard at diplomatic peace working alongside all over partners we focus on the europeans. secretary speech has not demonstrated how walking away from the. has made a will make the region safer there are scores of countries around the world who share our concerns we will remain committed to the continued full and effective from the mentation of the way and i'm convinced that over a period of time there will be a broad recognition that the strategy the present trump is laid out is the right one. there is no alternative to the just that the only. our stomachs are one to preserve and salvage the iran deal because it provides additional security and

transparency for germany and europe since we don't see any facts alternative a present we don't want to need to deal with the iranian president has given a firm response to the demands saying the us constant take two to wrong and that the world will no longer cave in to washington's bullying in his speech america's top diplomat also made a statement in which he appeared to encourage a rainy and paypal to question the country's leadership at the end of the day the iranian people will decide the time on. at the end of the day be ready and 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 if we ever again give advice to. the negotiators and was like you know. let's not do that ever again. americans keep saying they have nothing against us ordinary iranians think they only target the government but in actual fact the sanctions of general public in

iran are just as much what the united states has closed the door to negotiate we cannot hold talks about the secretary of russia's security council has warned of almost consequences facing the world on the back of america pulling out of the deal he was speaking at the shanghai cooperation summit along with other high ranking officials from the seven countries and the start of a new work of the u.s. unilateral withdrawal from g c p a a result of long and difficult talks is another example of america's irresponsible behavior while dealing with international issues there is a high chance of iran taking tough council measures including the refusal to meet its commitments and restart the nuclear program this will intensify the conflict in the region. and it seems the demands made by a pompei o one sitting well with the us media either some analysts even described

it as fantasy silly and a pipe dream other experts said washington's belligerence 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 iran from the inside but the problem with that is that establishing governments in this part of the world 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 the region will be seeing that the wrong will not trust the united states for years to. the lows of the united states on the other hand even the europeans they cannot count on what the united states say. the tramp administration regardless of what their allies in europe are saying they withdraw from the deal

that the europeans were supporting i think it will be very hard for the united states to bring europeans or are the sensors on board in order to support that some of the pressure that they're talking. almost a year on from the grenfell fire in london which claimed the lives of seventy two papal a public inquiry was officially launched on monday and the moment was filled with emotion with those involved one survivor spoke of his stillborn son born just hours after the tragedy some of the following images you may find upsetting. so i held my son. hoping. it's what i treat my wife. she's made of the hardest to do i know. some of her strength coach will be.

i. survive this will give their accounts over the next week or so and the probe will bend the can so wider issues like government response time and preventative action and there were two to now reports from london. it's almost been a year since the devastating blaze and what's left of the grenfell tower can be seen here behind the scaffolding it's a harrowing reminder of

a tragedy that has left many questions unanswered. there are over one hundred tower blocks in london alone similar to grandchild and people living here want their government to make sure that it is also like that does not happen again it's like a year now and we're still living in the same situation when we found out altered it was just in between when. it just costs us praise and strange use cheap material just the lives of so many people and see these photos of the street. so we know that it's obviously not safe before we could help in the going on at the moment signs of the come on the program the homes were so what can the residents of tower blocks like these do in an emergency the advise used was to stay put but now

according to the london fire brigade is being changed to similar evacuation because of the farmable clopping however the government is yet to ban it tourism a promise to spend four hundred million pounds to replace unsafe cladding on high rise public housing projects just sixteen other tower blocks have had their alum in europe having material replaced with non combustible materials so are the authorities doing enough awful lot of government haven't done enough to suit the needs of those of us which by going through in terms of the for that experience graham family i don't think they're doing enough for them not nearly enough no i think the issue with the clothing they should have resolved upon our. choice i could see i mean to go against that one keeps it sort of coming over and sleeping nothing's. what struck me as i've spoken to a number of residents who live here at the child courts estate in camden is the fear in their eyes at the thought that they too could have lost their lives and now

they're after clarification from the government as to what's going to happen next to resolve those problems and action to be taken the dear tutor r.t. . the u.k.'s housing minister has said that the government is listening to concerns and will discuss a policy review concerning a ban on flammable materials in construction where in the meantime over two thirds of former grenfell residents are yet to be really honed while some eighty two households are still residing in emergency accommodation we've spoken to a campaign about the tragedy. corresponding option on to see action it's difficult to believe the government what asked for consultation if would know that there can boss to materials still drop your own beauty is today we shouldn't discuss it in parliament we should take action to d. because we need to have a model.