sixteen live matches a year in the united states his own streaming is currently available in japan germany and canada but the deal hopes that they will drive up the u.s. it's reivers natur in boxing has been the leading promoter of boxing in the u.k. for the past thirty 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 sealed perform group simon dinner remarked quote the paper of you 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 sticker uncle 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 pile of it brings us up to speed on the trade war with china and if we go to break here the numbers at the closing bell except for a bit coy all green arrows today will be right back to. the south. seventy. design submissions. seven thousand pilings.

to join judges. and eight hundred sixty nonstop days of work. a russian w.b. . and a russian pop stuff. show you how and why the crimean bridge was built. witnessed the construction of a unique transport. that will help out of crimea to foster most of those you won't go for more snow you have it a bit but. 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 that steel and aluminum as well as increased fuel cost 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 full year income forecast upward with sales of agricultural equipment projected to increase by fourteen percent the solid growth in demand 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 s.f.o. 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 cherie 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 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 sherry 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 into. clearance but basically reserve the right to come back so let me tell you before that there is a decision on wednesday sherry redstone to creed 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 red zone issued an

edict saying to do that the c.v.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 board meeting. 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 sherry read some says she will not force a merger but she is 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 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 steven the new ssion 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 on hold while talks perceive the pullback comes as many observers are noted little payoff from trump 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 detective or 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 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 my 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 they hear 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 over 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 nother 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 the. this

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 seemed 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 is 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 in 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 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 you ask yourself will you know where is management not in 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 twins were which was worse they knew it they were turning their hand 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 think someone like wes 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 i just can't get away with it start reading don't get paid other 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 re store what the consumer has lost and i can tell you they're probably restoring about pennies on the dollar what the consumer is 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 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. or credit account and 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 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'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 see you next time. but i don't want hard sell you on the idea that dropping bombs brings me to the chicken or forcing you to fight the battles that are going. to do so for the tell you that but because of the public. i sometimes think you are not pulling out. of the hawks that we along. with one. so what we've got to do is identify the threats that we have it's crazy to. let it be an arms race is on the very dramatic development that only. exists

i don't see how that strategy will be successful very critical time to sit down and talk. to the vice president warns north korea could share the same fate as libya if it doesn't make a nuclear deal. to start dismantling its test site in the next number of things this will only be like the libyan model and if doesn't make a deal america's top diplomat lays out a twelve point. but the tough demands are slammed home and abroad as a against washington's new reading. on the british government is playing for a lock of auction almost a year old from the gren fell fire public inquiry is only now getting on their way

into why seven. lives in the london. i don't think they're doing enough but the government haven't done enough not nearly enough no actually in the us i can see. just after five pm this tuesday may the twenty second here in moscow wherever you're tuning in from this hour welcome to r.t. international our top story in the latest in a series of diplomatic breakthroughs on the korean peninsula the north is preparing to destroy its only known nuclear site later this week but the u.s. is still making grim predictions for the north korean leader if it doesn't sign off on a deal ending he could follow the fates of the late libyan leader moammar gadhafi. this will only like the libyan model ended if kim jong un doesn't make

a deal some people saw that as a threat well i think it's more of a fact referring to libya let's remind ourselves what happened to libyan leader colonel gadhafi in return for economic aid and sanctions really he agreed to abandon his nuclear ambitions back in two thousand and three but within a few years he was overthrown and killed as a result of a nato led bombing campaign this is being somewhat of a warning to pyongyang and in fact it's not the first time washington is drawing a parallel between kim and gaddafi yeah i think that's what denuclearization means and we have very much in mind the libya model from two thousand and three two thousand and four the model if you look at that model with gadhafi that was a total decimation we went in there to be to know that model would take place if we don't make a deal most likely it's not just this threatening rhetoric that's jeopardizing progress in the negotiations with north korea and of the spoken the will was the

u.s. and south korea moving forward with a military trail and north korea's doorstep since then north korea has threatened to call off the summits many observers are asking questions on why they would need to provoke after we saw that historic meeting between the leaders of the north and south last month for many that was the sign of big change coming the white house military office even produced a special queen ahead of trump's planned meeting with kim it shows the two leaders smiling at one another and describes the meeting as peace talks but with such an unpredictable man in the oval office who can get their hopes up i think it will be verging cesspool but as i always say who knows what's going to happen you know i often say who knows who knows a lot of good things going to happen a lot of bad things going to happen this year with all the words they use a lot of things change everything's going to be scuttled everything could be scuttled washington signals that it's ready to scrap the peace. talks the news the military option coincides with the us if decision to abandon their own nuclear deal

and its commitments under that which will surely be no it is n.p.r. currently north korea is publicizing its promise to help nuclear tests and launches as the country announced it will dismantle its nuclear test size its north korea's only known test located in the north east of the country the first nuclear test was conducted in two thousand and six with six tests being trialled in total our channel is one of the few invited to the ceremony now it took us about two hours to get here from beijing that's where we got our visas that's where we got our plane tickets as we took a regular charter flights into north korea not many people on board only twenty journalists or so were invited many more wanted to come but well couldn't right now we're in the city over once and it's a south eastern city in north korea and it is a resort site we ourselves are housed in the complex that is

a holiday site for fighter jet pilots apparently we were said to head to the nuclear test sites tonight but the trip was called off apparently because of the bad weather you can see it is raining right now and apparently it's even worse in the mountains the test site that is said to be dismantled it is lays some six hundred kilometers away from here and we will be taking an eleven hour train to get there and then we will be riding for four more hours by car and hiking for another hour but we're being told that it is well worth it the spectacle is well worth it the whole site will be razed to the ground technical buildings reduced to rubble tunnels in the mountains real soon blown up right now we don't know when this trip or when this is going to happen exactly but definitely in the upcoming days igor said on offer we spoke to a former u.s. envoy to the united nations who has negotiated with north korea in the past he say's that it's highly damaging to make such

a big threat especially when it's so close to the summit between the two leaders. the administration speaks with too many voices on north korea you've got national security advisor bolton bringing up the qaddafi issue with north korea they get very nervous because gadhafi gave up as weapons and then was killed that's not a good thing to talk about before the summit and i think secretary pompei oh the secretary of state has handled the issue well he's dealt with north korea has met with kim jong moon twice he established an intelligence channel with the north koreans i think the president needs to prepare substantively he needs to have a strategy but he needs to leave the details and the message to pohnpei oh too many in the administration including the president are speaking i believe the administration made a colossal mistake and getting out of the iran deal because iran was complying they

were going to for several years not develop nuclear weapons they're enriching uranium was being shipped out yes i wish the iran deal under president obama had included other provisions like iran's support for terrorism what they've done in syria american prisoners that cetera but i think the administration has now put some very unrealistic demands on both iran and our european allies and i think it is a bad mistake especially on the eve of negotiations with north korea that the north koreans are going to say how can you make a deal with the u.s. if they've break agreements with speaking of around the opposition is mounting against washington's new proposal for the uranium nuclear deal as the u.s. threatens tehran with what it calls the worst sanctions ever on monday u.s. secretary of state mike pompeo put forward twelve demands promising on placement and 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 iran and its threatening behavior against its neighbors we will apply unprecedented 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 of working alongside all of our partners we focus on the europeans. secretary speech has not demonstrated how walking away from the just 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 an effective from the mentation of the just and i'm convinced that over a period of time there will be a broad recognition that the strategy the president trump has laid out is the right one. there is no alternative to the just that the only. 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 leave to deal with. loss for iran itself the country's president give a firm response to that saying the u.s. has no business dictating to tehran and that the world will no longer give into washington's quote bullying the u.s. secretary of state though indicated that there could be other goals in mind when he appeared to encourage the remaining people to question their country's leadership at the end of the day the iranian people will decide the timeline. at the end of the day the reigning 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.

that's not true that over again. they have nothing against. the government but in actual fact distinctions of general public just as much as the united states. is twelve or not sitting well with some in the us media. variously describing them as fantasy solely on the pipe dream other experts said washington's belligerence could send the whole of the middle east spiraling out of control and leave the us increasingly isolated this is not the first time i can imagine a mistake in the past have tried to actually destabilize from the inside but the problem with that is that these governments are part of the. various parts of the.