at the white house. no countries would dare retaliate against us tariffs so i have the sense that maybe there is a certain level of naivety operating in the level of the white house and the trade advisories and trump in particular that they really believe that this is just going to be just massive assertion of american power that hasn't turned out that way. in terms of the rest of the world other people doing this and are fighting back and the remarkable thing about this is of course this is coming back to american consumers in the form of higher prices on consumer products and inputs that are reflecting themselves and higher prices for everything and that's going to inevitably result in job losses. thousands of yemenis have turned out in the capital to protest ongoing saudi led coalition airstrikes it was prompted by a deadly raid which killed dozens in the main port city of data saudi arabia denies

carrying out air strikes in the area at the time instead i mean the attack on who the rebels would be warned some of video that we're about to show you contains graphic images yemeni officials say twenty eight people were killed and around seventy injured however local t.v. station has reported that fifty two are dead and at least one hundred wounded yes trikes hit an area near the city's main hospital yemen's health ministry is clear on who it thinks is to. present to somehow the health ministry strongly condemns the crime of targeting the hospital in the fishermen's market in the united states because full responsibility the united nations and its organizations and the international community remain silent in the freeze of the gratian from the american israeli the coalition and its allies and their crimes for more than two thousand two hundred twenty days ago when. the saudi led coalition has been at war with who the rebels since march two thousand and fifteen when it sided with the

government and joined the civil conflict since that intervention the u.n. says the situation in yemen has become the world's worst humanitarian crisis and aid organizations are struggling. putting a great hearing in situation is very difficult it could be described as consistent i think as he really needs. to put the haitian kids in need of aid and in terms of health care in terms of. dacian in terms of. very soon. all that means are and the international community if they don't have this before and continue to see that it's been many. they don't want international troops we're going to go to school sure that we're going to consume the next two of you i mean that's true that he did he should be

granted two years to reach in. saudi arabia and the u.s. have enjoyed wide military cooperation both under the trump and obama administrations washington provides riyadh with billions of dollars worth of planes tanks and other military equipment but now the united states u.n. ambassador seems to perceive the latest attack on civilians as a new development despite the same scenario having played out for years. we had that a saudi led coalition had airstrikes today against a fish market and a hospital in his data that may have caused dozens of casualties we've hit a new day now in yemen. and we've had a new sense of urgency and you know. that if this is what started to happen civilians are at risk infrastructure isn't risk for nikki haley it just occurred today which is unfortunate because the united

states is actually supplying a lot of the logistics and the the intelligence for the saudis and you don't hear too much criticism he should have been out there months ago condemning what the the the humanitarian catastrophe that's occurring in yemen. you just you just cannot be nice about this any longer or or just overlook it because it's gone on for too long and too many people have been have been killed and you wonder and you have to ask yourself the question what's the point. the suicide bombing has hit a mosque in eastern afghanistan during friday prayers sources quote officials are saying that at least twenty nine people are dead and more than eighty others wounded here's what local journalist be allowed. the casualties and fatalities could be much higher the attack took place during the friday prayer when the

sun mosque was busy hosting a big number of worshippers in the provincial capital of cairo is the capital of paktia province in southeastern afghanistan the shias in afghanistan are extremely vulnerable especially when it comes to places of worship islamic state of attack them now that part of the country on the border with pakistan was erased on region in the koran agency is aware militant pakistani groups are also operating like jenga v. in different capacities as well as the pakistan based militant work their county network so we'll have to really see who was behind this attack but what is an extremely dangerous trend now in afghanistan is that the afghan government and its international allies continue to fail to protect lives in afghanistan and when you have such a big number of casualties in fatalities you are actually thinking about

a destroyed society almost you're talking about families losing their breadwinners people are losing their lives their aspirations their dreams and this friend six train really dangerous trend actually continues and in most major cities across afghanistan and so the question is what if any. security strategy is in place to prevent these sort of attacks in the future. i think does it for me i would back well let's say in about thirty three and a half minutes with forget you are much mike. zia's says harlan kentucky. all of this move them poised people were very funny using.

a co money since he was almost no coal mines left. the jobs are gone all the coal was the fed i'd. love to see these people the survivors of a world 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 happening it's happened. when lawmakers manufacture consent instant of public wealth. when the ruling classes and protect themselves. with the famous merry go round me the one percent.

we can all middle of the room sick. room. this is boom bust broadcasting around the world i'm part showman thanks for being on board coming up the other day i sat down with the father of financial futures dr richard land or was embarking on new and innovative projects that will address these scandals and manipulation of interest rates over the past decade it's called a mirror of war and that energy was coming right up after headlines plus eminent

economists richard wolffe weighs in on immigration is donald trump daughter of calls the immigration to bottle the lowest point of the trumpet ministrations and with all the trade wars going on is donald trump trying to reshape american industry or go back to the future i'll ask steve small bird and fred kaufman author of bet the farm how foodstuff think buddhist back with me to talk about get this produced in a test tube some things never cease to amaze we'll get to all that but first we had a few headlines. but trump administration has announced their long expected plan to curtail fuel efficiency standard of brueggemann for future years that were enacted by the obama administration to reduce greenhouse gas emissions and improve public health and substantially reduce pressure on automakers to make such improvements the rule effectively obstructs a twenty twelve rule that would have pushed the standard to fifty four mpg by twenty twenty five the proposed rule was officially published by the trump

environmental protection agency yesterday and is out for a sixty day comment period if adopted the rule would freeze the so-called cafe standards that corporate average fuel economy standards in place at thirty seven miles per gallon in twenty twenty one barring any other further improvement through twenty twenty six there will also officially start of the trumpet ministrations legal assault. in the state of california climates paul climates policy by revoking an obama era waiver that allow the state to set their own carbon dioxide fuel economy standards at a higher level than the federal standards and we spoke on the program about these important policy financial matters in the past and will do so again in the coming days the old advertising slogan for visa it's everywhere you want to be won't ring is true if a plan by the largest u.s. supermarket goes forward later this month we all know about those pesky swipe fees that credit card companies charge vendors and how they are a constant source of friction well now those tensions are developing into an open

conflict between the a big these a corporation and the largest u.s. supermarket chain by revenue kroger the cincinnati ohio based kroger corp says that they will no longer accept payments made with visa cards at therefore less food stores in california after august fourteenth they are also considering or perhaps threatening is a more appropriate word to broaden the number of stores outside of california if visa doesn't show more flexibility on fees at the food for less stores a kroger spokes person reportedly said quote it's pretty clear we need to move down this path and if we have to expand we're prepared to take that step then pay an estimated annual total of ninety billion dollars in swipe fees to credit card companies. if you're a regular boom buster you've heard us discuss the live or scandal that's the london

interbank offered rate on the live or rate impacts really just about everything anyone on the planet purchases on credit from a whole mortgage to an auto loan to a student loan and that libre rate was manipulated multiple times and attempts to manipulate it went on hundreds of times over the years and i was part of the investigation of my old commissioner job at the commodity futures trading commission it started while i was there and we did a lot of good in a bad circumstance to getting it stopped but some has questioned why banks all over the planet need to be held essentially hostage to this hope this one interest rate the benchmark from one to well now u.s. mid-sized banks are no longer in that category discusses dr richard sandor who's been a great historian or in all of these things financial invented financial derivatives financial products back over the years and he started what's called a merab or richard thank you so much for being with us bart you know weeds great to

be with you now tell us about america for it you're working it out of chicago how are you doing so far we're doing very well we started with six banks were up to ninety five members with the combined essence of one point three trade in bart you're always a charm for me we're having a record we trading about nine hundred million dollars a day from ten million dollars. we have eighty one banks and fourteen. non banks insurance companies hedge funds private equity broker dealers f c m's or all competitively bid being an offering. overnight funds and it's all transparent it's regulated without partners cboe runs the board options exchange of goggle board options exchange we wanted to

create a transparent regulated competitively determined benchmark that everybody would think was fair and represented the real cost of money looks like you're well on your way and being from chicago it makes me think about all the everett dirksen quote you know a billion here a billion there it starts to be real money you know nine hundred million is certainly a lot particularly from whence you started is that enough at this point for banks to actually rely upon it or is this still in a period where they want to see a little bit more liquidity a little more volume we are getting close to the answer you know a bar that i feel like sis if it's rolling this stone up and. that awaiting a verdict price down but where where that tipping point now in the reason that as i mentioned to you before the show we're on a p.r. tour now we get hit in chicago we didn't want to really represent

that thought we wanted to represent a concrete number that was out there and have it competitively determined so where are probably six to nine months away from critical mass if we hit it the fourth quarter which is our goal of a billion a day will be there and then we'll launch futures options e.t.f. so all of the e.t.f. so my got all of the complementary related products a product suite for america yes untasted no let me ask you the i just said mid-sized banks but and i don't know if your if it if you it's appropriate to ask you some names but sort of what are the mid-size banks what sort of lead.