continues disastrous policies that are taking this country and the rest of the world over a cliff you know again. the rhetoric is is certainly different but and some of the actions are too i mean i don't think any of us really took seriously that there would be a meeting with kim so soon nothing much came of it and now he wants to meet with the iranian leader a days before in capital letters on twitter threatening and i mean michael how do you explain that or inside just expediency the mid terms it's the here and now and worry about the implications later because i mean from the on the outside looking in this is very confusing and we're supposed to be experts to be able to figure this stuff out go ahead michael. i think one of the hallmarks of trump's foreign policy is that it's trump it's not a collective view of the state department with way and this from d o d and other places and intelligence it's trump it's and he's proven to be fairly adept at it so

far however you may or may not like the outcomes he's gotten in with korea he's reworked trade agreements in europe and elsewhere some of it has been to our total benefit some of it has been a conciliatory benefit. we enjoy a relationship with china we haven't had and maybe ever. i don't know that what he's doing is confusing bad evil wrong or fattening but what i do know is that it's in his head and it's been working with us far. talking diplomatic level and so i'm not prepared to throw it over just because i don't understand and know you know i guess what that which i don't understand i can't i get your point maybe i get your point i mean in the way he sees the world here and his base and i think it may go back to northwood here it seems to me. even a year a year and a half in the dawn of time doesn't have a lot of interest in foreign policy he's made a group of promises on the stump and he's committed to realizing each one of them

i've never seen it a president so adamant going through his checklist ok is it really his that he is. idea of american exceptionalism american for us is it really does domestic politics driving it for him. well i think you're right i mean there is a very very great interest in domestic politics and he has made all the promises and as you say i think the first thing that steve brandon did but he had to the white house it's a wants to put up a white board and put a whole lot of the promises made and and start taking the more but i think the foreign policy perspective the president from hers is one of increasing american power and extracting as much of value economically commercially financially and so on from our allies associated powers don't form enemies and i think all that is down to who's our long term idea that america has been ripped up and i think if you look at domestic politics then the kind of people you defines us or americans.

basically selling been so you message that you have been ripped off white american men in particular by women by minorities by immigrants and so on and you lost status of what he's going to do or restore american greatness again going to john going to pay nearly all male and i we have the americans we are have a large brain reserve sort of after i am going to short break we'll continue our discussion on american exceptionalism stay with. the idea of spending money to acquire region to acquire territory took quire wealth is an oxymoron there there's no more wealth to acquire the ecosystem is collapsing . the economy is flooded with worthless paper and the

species is migrating over to the digital sphere these are b. these networks and platforms people are uploading their minds into cyberspace and hope to become immortal so every dollar spent on defense every dollar spent by the pentagon is a waste. dollar that's a one thousand eight hundred seventeen sixteenth century mindset it's completely antiquated and it's utterly worthless. by. the church secret indeed catholic priests accused of sexually abusing children can get away with it quite literally i like to call this the do graphic solution so what the bishop needs to do then he finds out that the priest is is a perpetrator is simply moves him to a different spot where the previous standard was not known the highest ranks of the

catholic church conceal the accused priests from the police and justice system did that and i know that's known as the i intend to include at tuesday's out in. this. case felt. i've been saying the numbers mean something they matter the us has over one trillion dollars in debt more than ten white collar crimes happen each day. eighty five percent of global wealth you want to be all from rich eight point six percent market shock thirty percent flies last year some with four hundred to five hundred three per second per second and bitcoin rose to twenty thousand dollars. china is building a two point one billion dollar a i industrial park but don't let the numbers overwhelm. the only number you need to remember in one one business shows you can't afford to miss the one and only.

i come across like where all things are considered i'm peter lavelle to remind you we're discussing american exceptionalism. ok david you know ever since the oval office a lot of it's been trying to understand if there's a rhyme or reason to his foreign policy and i think that even on this program it's kind of coming together it seems to me it's kind of like going back to the nineteenth century great powers competition without all the values that they were pushed since the second world war it just it just really kind of brute power and it

vanished and looking for competitive advantage and it's very brusque and it seems to appeal just as interested pointed out to us in the first part of the program it does appeal to his base go ahead david yeah i think you know it appears to be all donald trump but just as you know reagan and gorbachev came out of the meeting and were told by their advisers no no no you can't get rid of nuclear weapons every time trump has a good idea like get rid of after nato he talks to his advisors and it's off the table i think that you know it was actually an actual break with u.s. exceptionalism is not on the agenda of donald trump or his advisors i mean it would look like joining the international criminal court joining the convention on the rights of the child joy in the united states is party to fewer major human rights treaties then almost any other nation on earth it would mean giving up the veto at

the united nations it would mean getting out of afghanistan there's a promise i'd like to keep i mean this is a guy who promised no more of these wars and their family you know kill their families bomb the bleep out of them so it's easy to say he's keeping his promise because he promised a black and. but the ones i'd like him to keep he's not keeping as well as you know off you like building the wall and walking up hilary that i don't necessarily need him to keep either but this is not this is a guy who thinks he's running the world and it's dangerous to what extent he is but he's not overruling the weapons dealers or the big players in washington d.c. you know yeah michael that seems to be very contradictory because he said in interviews that the united states shouldn't be the policeman of the world but in fact it remains the same ok am particularly you know i mean if you look at the korean peninsula i mean a peace between the koreas denuclearization maybe the american troops could go home there'd be no reason from the be there and then the entire foreign policy elite has

their hair on fire like oh my god please don't let it break out it will change our world ok i mean it seems to me that he just go on really up against the the against the the stream there and he keeps coming out with these ideas i mean you know i said earlier i mean you know threatening iran in the most chorus way and then saying i'd like to meet you in no condition preconditions i mean the outside looking in finds that very very confusing i mean the rains have already said through their aides is that while we sit down with someone that broke a country that broke a treaty that we just signed only a few years ago i mean i how does that show that america leading go ahead michael. you know it wasn't a treaty and they didn't sign anything but that's that's a semantic problem we have been able to know well it's an international has agreed i mean no they were. it's multilateral it wasn't just with the americans ok go ahead. but i think the the the the point you're making is good

and it's correct but it it stops and i think that's what we have to focus on is that the goals his foreign policy goals are as the professor correctly observed although i think for two reasons different than he observes that and that is that we are interested in better trade we are interested in exercising our trade power and to increase american presence and wealth at home american exceptionalism america first through trade treaties through trade work as opposed to naked aggression and use of foreign power which other presidents have used obama was soundly criticized on the right for wanting to meet with the iranians with no preconditions i find it interesting that my brothers on the right don't have a problem with trump doing the same thing i just i just throw that out as an observation well i mean i think that you know but michael's back to hang on hang on but hang on michael i mean and in the same week basically threatening hostilities

with the rand and then saying you want to meet with preconditions you don't have to worry about your friends on the left or right you have to try to figure out what the president is talking about ok that's not my point and you know this was the same. you know your point is right but this is the same tactic we took with north korea you know little camera man blah blah blah you know terrible person going to face the earth your boss' office there the next thing you know we're meeting in singapore this is the art of the deal this is a part of the tactics of moving forward this is part of the noise involved in making the deal and making the negotiation and doing the work and it's trump he is unique he is rare he is something we haven't seen before the swamp can't make head or tail out of them and nor can anyone else and this goes back to my earlier point which was just buckle up just as you've observed many times peter buckle up and you're just going to have to wait to see how a boils out will do their best to keep their arm around it i just don't know how it's going work out ok brace for impact ok let me go back to you here then and then ok so what is the justification for the united states being in afghanistan it's not

bringing democracy there anymore apparently what what what how is what's the justification for the illegal behavior of the united states in syria is it bringing democracy there anymore it's not apparently so why are they still there so i mean this makes it very patently obvious that just brute force beyond international law this is what trump it is opening up to go ahead. well i think you know when we look at the big picture of global change we have a whole range of new emerging powers some of which are very very powerful economically and increasingly powerful militarily and they're looking around the world for resources and they're looking to increase their influence in order to protect their lines of communication china for example is building the one built one road initiative which is going to be on the right across from china all the way to spain and include the indian ocean you've got non-state actors like isis and other organizations also challenging the stabilizing allies and other regimes as

well and i think what really does present trump is trying to do is effectively grapple with the same problem which post cold war president so i've tried to outline which is the whole world environment has changed the big difference i think with president from things he doesn't really look at the idea of enjoyment of building an orderly system or an ordered a rules based system or rather he wants to open it up he wants to loosen it up and he wants to make it more transactional but i think what he's trying to do is say look we've got this big international series of regimes america's been ripped off it's paying too much it's has too many large deficits with everybody and what we're going to do is we're going to flex our nationals and try to read negotiate our position within it and effectively the board and the everybody else. ok.

ok again like i said it looks like it's going back to the great powers of the nineteenth century without all of the rhetoric at least it's more transparent david you you mentioned russia is it really worth it for trump to go down this path that we had the helsinki summit i was critical of the president's delivery at the press conference like i was and in singapore is well it's not his forte he's got to work on his game there and then he wanted another summit and then walked blocked it back the russians and invited him to moscow why is this so important to him is it a campaign promise or is it just you know the media hates it when he does it and that he just pushes back to show that i am president i'm going to do what i want to do what is this fascination here go ahead david. well i think there is is all kinds of pressure on him to meet with and work with russia and to not do so and to treat russia as having attacked the united states and started

a war and to engage in war with russia and everywhere in between i think that it's appropriate that the united states and russia as the major nuclear weapons powers meet and get rid of those damn things before they destroy us i think it's critical for the united states and russia as two of the nations doing the most to destroy our natural environment to meet and start reversing all the policies david that's not so much on the agenda. i mean complete agreement with you in on this they would they would have what why it seems to me that. engagement with russia should come out very clear twitter is fine with me i need to deal with a lot of your putin to sign a new arms control agreement it's about to expire in two thousand and twenty one this is what's most important to all of humanity why can't you just write that i mean that is very straightforward and you know what david it's transactional what trump is supposed to be all about go ahead david well it would make perfect sense

it would fit with some of his agenda of body it is not where he comes from it's not something he knows anything about it's not something he's hired anybody to keep around him who would advise him to do and it's you know the has got the us media and the democrats and half the public screaming at him not to do anything cooperative with russia even if it kills us all so it's not shocking that he hasn't come out with that position of but he should heat. the world and russia should be pushing him in that direction ok all right michael. where does he go from this from his russia gambit now i mean he's put it off until next year because of the midterm . arms because he can't do anything transactional because just like david said perfect crystal clear even trying to save humanity he's the bookie man donald trump

is evil incarnate even if he wants same humanity as a problem in the united states that's a problem with american exceptionalism forty seconds to you michael my friend last word. real quick and i promise to stay and save my time what the trump never telegraphs what he's going to do will make promises in a campaign context he'll have elude to things in a domestic policy context he's never going to say up front what he's going to do it's one of his huge criticisms of his predecessors and so because he hasn't said it's there doesn't mean it's not going to be there and he's had some surprises foreign policy wise stuff no one expected but it was always part of his design and i think that we just have to buckle up and wait well you know that's why i call you one of my donald trump sharp or is that was a very good answer i like that that's all the time we have gentlemen many thanks to my guests in washington charlottesville and in northwood and thanks to our viewers for watching us here darkie see you next time and remember.

most of the people in you know. that. we were number one in. all of. this all of this. growth. in kentucky. we. want to see you going to agree. with almost no coal mines left. the jobs are gone all the time the fed.

and it was a lot of these people the survivors of disappearing before their eyes. i remember thinking when i was younger that if anything ever happened to the coal mines here that it would become a ghost town but i never thought in a million years i would see that and it's happened it's happened to. join me every thursday on the elec simon sure and i'll be speaking to guest of the world of politics school that's less i'm show business i'll see you than.

this is phone bus broadcasting around the world from washington d.c. i'm bart chilton thank you for watching coming up today as president trump says he'll meet with iranian officials with no precondition what does that mean for their number one economic engine oil alex one hile of it helps us figure it out and tells us the latest with these saudi aramco initial public offering it's still weighed yet again plus as the federal open markets committee meets what's the fed reserve up to and will they make any news daniele de martino both the c.e.o. of the intelligence joins us to tell us and it is your smart t.v. spying on you watch out manila chan gives us the details plus steve malzberg helps us understand how it does that you will leverage the assets and as tributes of twenty first century fox when this sale goes through what's to get to but first we hit a few headlines. tech stocks are in correction territory and some investors are wondering if the market is moving into a new phase the fabled fang group of stocks facebook alphabet corp the parent of

google of course netflix and amazon were all down significantly in trading on monday with losses draining from two percent for alphabet to nearly six percent for netflix sometimes spang included stock apple took a much smaller nick of point five percent after monday facebook was down a total of thirteen percent in july the tech heavy nasdaq index closed down one point four percent overall on monday and u.s. president donald trump has said that the he would be willing to meet with the president of iran in response to a question at a joint press conference yesterday with the italian prime minister mr trump expressed a broad general inclination to meet with adversaries with no preconditions so i believe in meeting i would certainly meet with the rand if they wanted to meet i don't know that they're ready yet to have a hard time right now. but i ended the deal that was a ridiculous deal i do believe that they will probably end up wanting to meet and

i'm ready to meet any time they want to and i don't do that from strength or from weakness i think it's an appropriate thing to do if we could work something out that's meaningful not the waste of paper that the other deal was i would certainly be willing to me mr trump's backing away from the nuclear deal brokered by the five plus the p five plus one group of nations has severely undermined advocates for diplomacy within iran and made meetings with u.s. diplomats a virtual political suicide mission for any iranian official european partners have been quietly see that mr trump's attacks on their hard fought diplomatic achievement and lobbied hard against a trump administration's plans to reimpose economic sanctions that were lifted as part of the accord barring any diplomatic breakthroughs the white house will reimpose economic sanctions against iran next week on currencies metals and in the auto sector sanctions on shipping and oil iran's primary source of foreign exchange

are set to snap back in place in november and as president trump says he'll meet with iranian officials with no preconditions what does that mean for their number one economic engine oil alex my hyla bitch helps us figure it out and tells us the latest on the saudi aramco i.p.o. it's delayed yet again alex let's start with iran what's the latest when it comes to their main export oil. well of the just look at oil itself today dropped by about one dollar to sixty nine dollars and that has a lot to do with this new tone of president trump so you hear diplomacy as it's a funny thing how headlines and press releases actually change oil prices and just this happens to be one of those headlines now that also all of this is wonderful hearing the way trump is talking and i think most of us in this world would like to see diplomacy and discussion about war or bombing people so that's a great thing but at the same time just these are the the looming sanctions that are supposed to kick in in november are having an impact on or on iran already

we're looking at about a hundred thousand barrels a day last in sales for iran in the month of july and we're hearing that many companies are stepping out of the rant knowing that these sanctions are going to come into play so i mean obviously we're hoping that this doesn't happen that there is a deal struck with with mr donald trump but we'll see what happens in that respect but let's talk about those companies one of the biggest companies is total total is a french energy giant they've stepped back they were actually the first company to go into ran in two thousand and fifteen when sanctions were dropped and they are stepping out now we're also hearing about banks banks are not willing to finance iranian oil anymore so we can see the impact from their part of that part as well and here's a big india is going to buy less oil from iran they're ready doing so they're trying to play nice nice with the united states and cozy up to the american government so that might be a big hit now that everybody's they hey look iran's done no iran is far from done

because there is one country out there buys more oil from iran than anybody else more than india which is number two and that would be china china has already promised you know what we're going to buy more oil at these sanctions kick in and here's a double whammy we're going to wean ourselves off of american oil so when china says something like this the whole world listens. and of course free rent just having that that ally to keep them afloat that's a big deal we've also hearing that russia is willing to step in if some of these companies move out so rand does have some cushioning around it even if the sanctions kick and hopefully though we can hear from mr trump some more and hopefully these people actually do sit down and meet with the iranian government and we don't have to go through this whole dog and pony show it looks alex like you know just oil prices maybe throwing a monkey wrench in to saudi arabia's reform plans there with mohammed bin solomon

and at the center of all is that saudi aramco which they say has been delayed what do you know aramco i mean the what a monster of a company that is and we're talking about a big long term plan here the crown prince of saudi arabia we've talked about this before he wants to modernize his nation and he wants to wean his nation off of oil there rampal i.p.o. was a part of this is pushing this forward forward but a lot of the rank of remco exacts are saying this is not a good time to do it the way that oil prices are going up and down it's probably not their best interest but just let's learn a little bit about aramco i mean does this company's not that here's a couple of graphs to explain to you what i've read call really. absolutely huge beat out companies and profit like apple samsung microsoft or you can see exxon is way down there when you compare it to aramco and it would have been the world's biggest i.p.o. or it will be when this happens now that's a bigger that alley bob and that was a twenty five billion that you're thinking well a whole company you get a guy p.o.d.

that's a no this is a five percent of a rambo we're talking about five percent it's going to be valued anywhere people are saying between fifty and seventy five billion the crown prince was looking more at one hundred billion dollars so the number in his head that he thought would be wonderful if this deal to actually goes down but it doesn't look like it's going to happen this way we're hearing now that this deal is probably going to be delayed once again as you mentioned before. more into two thousand and nineteen and you know it's really not that bad for the saudis at this point because the crown prince himself has a lot of other business on his hands like economic and social reforms at home as well as the fact that his foreign policy and we're seeing the way things are moving he's paying a lot of attention to that as well and for looking just at the other side of things from. a little bit while back with the crown prince did when he put all those people into the ritz carlton well they collected about one hundred billion dollars there and that was money that was out there anti corruption deal that they did over the movie forward with that it was absolutely lot of money one hundred billion

dollars that's with use hoping for the rent go five percent so they're pretty cushy right now there's their war chest is full they're not really too afraid that they have to do this deal right away but it's something that they'll definitely want to push forward in modernizing their country and becoming a part more so of the world community always great information really really super interesting today thank you so much art to correspondent alex mileage thanks alex. and in the wake of last friday's second quarter g.d.p. numbers of four point one percent the federal reserve's open markets committee meets tuesday and wednesday and what are they discussing and what can we tell you about it here to help is the c.e.o. of quill intelligence and the author of fed up why the federal reserve is bad for america daniel de martino both daniele thank you welcome it's always the u.s. economy has accelerated that four point one percent growth rate in q two and that's

a quickest pace and twenty fourteen and president trump has and should rightly claim some victory for his policies and when we look at growth in light of the f o m c meeting today and tomorrow in washington what are the metrics that the governors are going to be considering. well i think that they're going to be trying to figure out what happens on the other side of this great big report will we see sustained growth of this level in the quote in the third quarter that we're currently in you know to tipped on the plus side we have indeed seen inventories run down dramatically which was a surprise in the second quarter g.d.p. report one of the reasons that some analysts have their forecast upwards of five percent so we know that we're going to have a lot of support going into the third quarter the question will come down to what is happening with u.s. households their ability to keep spending at the levels they've been spending at

their ability to keep pulling this economy along and we actually got some consumer confidence data today bart that suggests we have a pullback in the offing right now i saw that and they revised the number two and and we're speaking about those numbers daniel recall back i think we've spoken about it i'm sure we have back in the campaign in two thousand and sixteen there is the president look at the campaign trail as it were to get four five six maybe seven percent g.d.p. and a lot of us said oh come on you know what do you smoke and but i want to explain for all the boom busters out there when we look at the economy in the talks about a one point eight percent g.d.p. growth rate and so does the congressional budget office i mean what's really something that we could expect if we're if we're at four point one now get to the end of the year is it two is it three well i think that there is a high possibility that we actually.