cost the points of never send. 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 earnings statement in response to recent price increases that 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 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 sherry 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. 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 if all right well c.b.s. went to court on the last week and they on monday and they said she sheri 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. 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 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 border. 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 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 president. 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 out a whole ball 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 mission 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 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 be 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 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 is in 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 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 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 in actually developing the country in our growth but in all the way back to the railroads and infrastructure canals of telegraphic cetera and one of the key banks in that history of our economic progress expression as it relates to the american west is 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 know think it was been through a bank account back since the one nine hundred ninety reporting 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 on fortunately 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 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 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 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 spines and somehow they just keep getting away with it start read it 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 head and 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 bust 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 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 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'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. so you next time. comes. out it is ours you not be here. much as of this year that is all. good to talk a little. you. hate. to tell you. just tell you the other side of the mike on the and. by then coffee session on the nod there in. by then is a shift of on. a study that came out and said i'm.

going to learn more. it's certainly not so with. them you know so it was if you go to the poll multiple injuries among current enough to soak them to yourself you hold most of the work but it shows real your mercy on the phone to the moment when the movement of a people sensible solution so you're welcome to book in a moral sense of what month. hanumant of nothing. off allowed me. somethin to work. on long enough i'm still not set in. the market and the italians look ma that's what i can now maybe i made the comment people who are deaf.

so what we've got to do is identify the threats that we have it's crazy going for him to let it be an arms race to move his arms off and spearing dramatic development the only move really i'm going to resist i don't see how that's right. it will be successful very. time to sit down and talk. seventy four design submissions. seven thousand pilings. to join judges. and eight hundred sixty nonstop days of work. a russian w.b. . and a russian stuff. show you how. long the crimean bridge was built.

witnessed the construction of a unique transport. that will help them out of crimea. most of those won't go cold more familiar with it a bit but. the police of. people who walk on the streets of the united states who are at risk from the very people who are supposed to protect that. you can see something happening. in. chasing the. you never know better safe than sorry i don't know that someone else is. unfortunately around.

to. headline donald trump confusion tonight's next month planned meeting with a north korean leader after the u.s. president. could share the same fate as libya. we are working on something and you know there's a chance to look at this the chances are substantial chance it will work out. coming up to this is the scene just an hour or two ago in paris protests against government reforms that turning violent with demonstrators clashing with police number of injuries reported our correspondent was the. british government is blamed for a lack of action almost. a public inquiry is only now getting underway into why

seventy two people lost their lives in london. and haven't done enough not nearly enough no that's not even close i can see. my going to be watching artie live from moscow with me kevin zero in just one in the evening here now first tonight in this news update then donald trump says his much anticipated summit with north korea on the twelfth of next month might be delayed his comment came during a meeting with the south korean president in washington this literally just wrapped up both sides and also previously floated the possibility of walking away from the talks to cross this is going to washington correspondents mean a car a smear looks like the official talks to mr moody mr trump now over think we think to get a working lunch starts over interesting we know news media conference planned so

some bits and pieces did come out from it is the summit now how you in the balance are not simply question. right trying seems to be sending yet another mixed message as saying that the summit may or may not happen and that's on top of all the mixed messages that we've been hearing. the second meeting with president xi what is your feeling when you may have an opinion. one. very much. thank you we commit myself but all in one would be a lot better. company when you are working on something and you know there's a chance that it will work out there's a chance it's a very substantial chance that it will work out that doesn't mean it won't work out over a period of time but it may not work out for june twelfth i think it will be very successful 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 could happen

a lot of bad things going to happen we'll see how it all works maybe you a lot of things change everything can be scuttled everything can be scuttled. speaking of mixed messages on one hand we have a special coin being produced just ahead of the meeting depicting the two leaders all smiles and meeting and we also have trump guaranteeing kim safety promising that north korea will be a rich country and then on the other hand we heard trump threatening the libyan area i will guarantee his safety yes we will guarantee your safety and we've talked about that from the beginning. he will be safe he will be happy his country will be rich the model if you look at that model with gadhafi that was a total decimation we went in there to beat him now that model would take place if we don't make a deal most likely. let's quickly remind you of what happened in libya gadhafi

renounced his nuclear program in two thousand and three but he was overthrown and then nato military campaign despite that and twenty eleven but it's not just this there's also the joint military drills between the u.s. and south korea and then there's this also comes out of time just as the u.s. pulled out of the iran deal so this all may be on north korea's mind when they decide what to do certainly confusing messages as you say but we'll see whether this twelve day works out i know we'll keep following the story tonight from washington d.c. samir khan thanks for now though we talked to a former u.s. envoy to the united nations who's negotiated with north korea before he says it's highly damaging to make threats specially when it's so close to the summit between the two leaders. it ministration speaks with too many voices on north korea you've got national security adviser 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 o the secretary of state has handled the issue well he's dealt with north korea has met with him in june 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 pompei 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 the north koreans are going to say how can you make a deal with the u.s. if they've break agreements well not withstanding meantime seems north korea is still gearing up with a less to dismantle a nuclear test site located in the remote northeast it's the country's only known nuclear site there's been six tests this is two thousand and six one of the few channels invited to witness the destruction of the site a correspondent down of so route. 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 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 the spectacle is well worth it the whole site will be razed to the ground technical buildings reduced to rubble tunnels in the mountains also blown up right now we don't know when this stripper when this is going to happen exactly but definitely in the upcoming days. it's turning into a spring of discontent in france it seems with fresh protests again early this afternoon in paris against president across social and economic reforms in fact they turn violent and sometimes charlotte correspondent earlier witnessed how

indeed a peaceful rally descended in just a matter of minutes. people feel that this is that the only option right now to come out to the streets of voice their concerns and as you can probably see behind me the crowd is swelling here in paris this is just one of the around a hundred and thirty demonstrations taking place at crossroads they've been joined by one of the mainline unions to france which represents the life point seven million people across the country just cool just in the middle of clashes between the police and the protesters the police have come and pushed the protesters back you might be able to see the crowds about one hundred fifty meters away from us we . lose her the. police of being taking some of the slogans that were made by the protesters away from them we've also seen some protesters who appear to have been detained by the security source forces here today many of them out in force including some

demonstrators who appeared to have been injured there was one man just sitting down a few moments ago with a blood a poor ring down his head the police are in the middle of this action now where they're all skinny as she moved away. this was meant to be a peaceful protest day for civil servants to come out to the streets to boost the concerns about the reforms to the civil service to those concerns about the salary enormous about the fact that the president back on his promise she will cut one hundred twenty thousand jobs in his first five years in office and that change back to massive confrontations between the police and protesters. was. was. the least responding she

cast. no we got the job in that at c.b.s. . but. what the fuck why. up when. this process looks like it's a no win me it's a completion and the police in the streets out in force surrounding waiting to find sound once again if any more violence happens here. almost a year on from the granville far in london there were seventy two died a public inquiry has officially been launched it opened with emotional testimony from victims' families and.