of a trillion dollars labour's gerry corbin leading in the latest opinion opinion poll is clear about what he thinks of bankers bankers like morgan stanley should not run our country but they think they do because the party they fund and protects their interests the conservative party is in downing street. that's why they want to keep the tories there because they're rigged economy and the tax cuts for the richest work for them corbin seems to think bankers are unpopular unlike someone who tories good at knowing tis u.k. prime minister by the end of the month i don't think i got a copy of any other politician not even conservative politician who'd from the crash of 2008 onwards actually stuck up for the bankers can you get what he stuck up for the bankers as much as i did johnson is appealing to a tiny proportion of tory electors who can make him pm and he appears to believe they think that removing billions of billions of pounds worth of public money and pouring it into the hands of bankers is a good idea perhaps does his rival the richest member of the british cabinet but he

expresses himself differently if corbin wins he will destroy those dreams for all our children the u.k. media class arguably things it is jeremy hunt dreams of downing street that it destroyed but away from the tories life in one of europe's most unequal countries goes on but now with poverty policy is not only threatening the most vulnerable the u.k. bankers too in the past 48 hours deutsche bank has sent scores home with a hug in an envelope in a cab as it slashes nearly 20000 jobs who better to give us a transatlantic perspective than the founder of sky bridge capital and to me scaramucci better known for his role as donald trump's white house communications director he joins me now via skype from new york at the thanks so much for coming on before we get to arguably more vital issues who knows what do you make of the sacking of 800000 from deutsche bank people being sent home this week from the city of london well if you look at the study their financials you know we have a 12000000000 under management in about 30 people in our research see the sacking

is not surprising it was actually long overdue and ultimately we really lies what's going on they can have their position in the city anymore because they've got it an issue now with potential wrecks in the end leading in the u.k. and so they're going to. they're going to they're going to build up their frankfurt and central and western europe operations and obviously the polling out in north america so ultimately after 25 years of trying to break into wall street with investment banking by bankers trust 20 sure years ago capitulated and so it's not surprising because if you go to the reserves that they have the capital ratios that they had they never properly adjusted them after the 2008 crisis so the u.s. but the u.s. taxpayer bailed them out with a pretty penny what do you think u.s. taxpayers will feel about the sacking fate $100000.00. well i mean i think the

media will pay more attention that than the u.s. taxpayer you know the u.s. taxpayer that's 10 years ago and i don't know how much time spent in the united states but the people united states have an attention span of rights to possibly 4 weeks so i don't think anybody really cares about. well we'll have to get the views of the u.s. taxpayer and that of course here in britain the big story but the big story but u.s. taxpayer by the way big time u.s. taxpayers oh yeah well when i was the taxpayer the bailed out the banks famously the u.k. ambassador justice everybody out there russia and all places are you guys the united states government got paid back with interest and made a substantial profit on that and all of the investments that the federal reserve did at that time and they also made a profit on that and so what people need to know is that there was a liquidity crisis but the assets were actually just under prices a result of a lack of liquidity so i know people i talk about the bailouts and all and what it

actually made money for the government was actually from a free market perspective it was actually quite profitable spoken like a true goldman sachs man if i may say so i'm going to go into the fed i'm going to get on to the views of the fed 25 years but you guys always bring up goldman sachs if spend one minute of goldman sachs or 2 years your goal is x. person forever i'm going to get back to the fed and your views on the fed on rates in a 2nd you probably know over here in britain the big story is that came down to i believe you may have known you'd be defending him in the u.s. media but what do you think of the fact donald trump is calling him a very stupid guy and the fact that basically he's persona non-grata in washington are i 1st i don't believe that for a minute and i don't even think the president's actually manage and bastard barack so that's the president's style you hit the president is going to hit you 10 times but here's the other thing you know he. he wants to go on all over on the british

government he knows that there's a trade deal coming in he knows there's some negotiating coming in so there's a close call he wants the thai to go to the united states and so he's pressing down on this because this was an embarrassment so listen i benedicto this i understand politics somebody late an encrypted cable and asser derek is giving his opinion in bassett or phil murphy who's now the governor of new jersey gave an opinion that got leaked to wiki leaks 10 years ago about his situation in germany and i would imagine that ambassadors all over the world if they got their internal confidential assessment memos leak that be a lot of embarrassing conversations it's not a big deal if they're brandish government recall busy ambassador derek over this i think they are making a huge mistake and it will send shock waves through the international and particularly the western democracies as it relates to diplomatic or diplomats are

giving assessment and i think i would say you have to think about is what bastard our he's saying the president is reacting predictably to what ambassador derek is saying that you know he gets hit he's got a fence can he fires back ok well good we don't from edward snowden haven't they that the 5 eyes project the u.s. has access to encrypted cables why is it that the u.s. deep state or a military industrial security is they can get ahold of these cables before they're leaked in the british newspapers i'm not close to that but that was a political hit job so i mean listen you know it you know if you if the windows ok here clytie klopp outside it's a horse it's not a zebra so to me that was a political hit job an ambassador derek and there's a transition going to happen in the u.k. government and somebody wanted to embarrass him and knock him out of that post now he's leaving i guess or so far as. up in january i think it would be ridiculous for

them to remove him prior to being up but it's likely now because of that he won't get a term extension and ironically that would be a shame for the british government because he's done a very very good job using incredibly well liked despite what the president is saying in those tweets and that's the president he is very well liked in washington though and he ambassador there is not foisted upon the united states not someone with thrilled with this is predictable behavior by the president the same all over but it's embarrassing somebody should get in the foreign office of the u.k. government somebody should get down to the bottom of what happened and some people need to get fired ok but if you are still the white house good 11 days inside the foreign office i could figure out who's doing it and we would have to send them out if. well if you're a white house communications director you'd still take calls that from the british embassy that's that's clear but what about isolation perceived isolation of britain

because there's a lot of talk about that and there has been talk here about a possible trade deal with the u.s. and that this is indeed posturing from the white house that the u.s. the u.s. will basically they'll they'll make the running over any future trade deal with the u.k. oh listen the united states and the u.k. you're you know the situation you get better than me you have to explain to me the form of the bracks it clean break break so without an agreement with an agreement whatever it's going to be you're know that better than i walk but here's what i know united states is like this with great britain and we will or the u.k. whatever you guys call it and we will end up with a trade deal and it's beneficial of all sides i'm not sure the old looking a pound sterling with the pound sterling has been sliding to multi-year lows people some of them blaming both mike for no deal breaks and very different then to the united states where were the obviously president cut in rates and the dollar is.

doing rather differently would you would you think the fed. federal do what trump wants them to do this time any time soon i don't you know i don't know i can only go by past practices i've been observing the markets for 30 plus years i'm a trained economist on the founder of a company that's running $12000000000.00 behind our interview or there would be no reason for the fed to cut rates at this time in july that's not to say that they wouldn't judge to do a rate cut in september i honestly believe after the december meetings there's no way the fed is going to move during the general election after what happened with alan greenspan in georgia or walker bush and that the bottle for rate hikes into the campaign in the election season the fed has been rested to do things like that so they've got a bit they're going to move they're going to move has a temper and december if you look at the overall strength of the economy the jabs data last week it would be hard pressed to understand why they would be moving and

you know you don't note your own crowd but i know your own power maybe you know he's going to do the job that he thinks is the right job for the stability and growth of the usa or that's what your own paul does say does jerome pyle does your own pile of the fed does he have more power than donald trump in some ways he does in other ways he does not he has he is an independent agency they're not even part of the government if you really look at the whole thing and so he does 2 in some ways where you have to also remember the bond market and the markets busy themselves also dictate a lot of direction of what the fed is doing but yes in some ways he does in other ways he doesn't as they all suffer them over many of these kind which after this break plus a letter signed by the sense that in the past 24 hours by the british guardian newspaper what does it all have to do with jeremy corbett both of them coming out about to going on the ground.

kind of financial survival job today was all about money laundering 1st to posit this question just a different. oh good it's a good start well we have our 3 banks all set up here maybe something in europe something in america something overseas in the cayman islands or do we do all these banks are complicit in the kleptocracy we just have to give him a call and say ok i'm ready to do some serious money laundering ok let's see how we did while we've got a nice luxury watch for max and for stacy oh beautiful jewelry how about. luxury automobile again for max you know what money laundering is highly illegal. much kaiser of course. welcome back i'm still with angie scaramucci do you think you failed in successive

communications people in the white as a fail say on these a so-called concentration camps on the border i mean no one really mentions president obama's deportation of 3000000 seeking a better life more than donald trump has is it inability incompetence by people like you in the white house or is it the media that failed to explain to the american people what's going on when it comes to immigration i made a fire only they could he gave me a mulligan on that they said it not to and they fired me so they didn't really give me a chance to implement a communications plan but if you have an interest in it just punch up scaramucci comms plan on call law and you'll see i would have taken a different approach to the situation at present let me i take issue with the word concentration camp sorry about the yad vashem i tend to concentration camps what's going on at the border are not concentration camps so if the left wants to use that word to incite people or crease the media for they can do it after it's just it's just not accurate now like on why can't the trumpet ministration get the message

out that the that president obama was the deporter in chief or does just trump secretly quite like it for his base well no i don't i don't even see who really likes it when anybody likes what's going on at the border the problem is there's a does a money making exercise in central america and southern mexico and so everybody is got the fear of god in them in those areas that we're all in they're being told that the president closed the border and that the asylum laws are going to change dramatically and so the immigration policies of actually increase the influx of traffic and volume at the border so. they're trying to do a good job it is a very complicated thing in my short stay and government in my what you're on the campaign what i recognize i don't like criticize the people in these positions because i recognize where they're. making these decisions is between a very bad decision and a super even more bad decision so i don't want to i don't want to be overly

critical here but here's something i will tell people which is absolutely true he has cut illegal immigration at that border by about 85 percent and it took the slack out of the u.s. labor markets and the reason why the bottom 10 percent of the employment he says received a 5 and a half percent wage increase well is it result of those immigration you know it's a hotly contested topic that i mean maybe next time we can even talk about foreign policy and the reason for the immigration in the 1st place but central to the i suppose you call it propaganda against your president is this is this russia collusion case even after miller said there was no evidence of it do you think it's impossible to communicate that your president is not a russian spy so i mean i love russia and i love the russian people this is the closes i've come to russia in 35 years because of all this stupid nonsense right i meet one of your sovereign wealth guys and dow goes and i get to go through the rigmarole with ben cardin and senator elizabeth warren and so this is like the

whole washington 2 step nonsense the president has a hard time colluding with his own staff so i could never really understand why they were saying that he was clearly with the russians it was was a bunch of hokum from the very very beginning yesterday i think is mandated by the russian parliament but it's funded also by have a tasing and it goes out internationally all around the world i've got to ask you also why do you think that i'm happy to be on that what about the fact that and of course i'm referring to channels that have been accusing him of being russians by m. and s. n.b.c. c.n.n. and all of those channels they also seem to arguably support trump when he seems to be advocating military activity so that they were against him and his syria policy but when he starts talking tough about iran suddenly. get some kudos from the. station why is that i you know it's a good question i don't really know is i'm not saying a lot of time watching

a station that hears noise i would say the for some reason in the media and i find this very ironic if you go back to the fifty's and sixty's the media was against the establishment it now decided to trump is anti status minutes and they hate him so anything that's established minutes orientation is good i am not in love with these works ok i'm more in the toilet seat gabber camp that we're spending too much time on wars of the washington establishment has killed a 1000000 people in the middle east we would probably blown 7 trillion dollars that could have been spent on schools and infrastructure in the united states so we have to be very warry of which white eisenhower said in his farewell address about being concerned about the military industrial complex in the united states oh so for me i'm not alone in that i'm not in love with the lobbying that goes on to gin up all these war exercises and i don't want to be at war with iran and so i applaud the

president for scaling that back and not issuing a strike against iran if we need to move our ana off of their positions and their radicalism and their theocracy and their state sponsorship of terrorism there's other ways that we can do that without kelly american soldiers and that so i haul busy for that as opposed to doing something that a group of cheerleaders on these other networks would like to do it's not something i personally would like iran of course deny state sponsored terror but you know that john bolton trumps chose a national security adviser advocated every war anyone can remember trump chose a chose him did this any serious idea the tools he gathered could replace john bolton not a problem now i'm very impressed with her by the way you know i met her she came to our conference she's a war veteran she's a hero and and you know she's the future. because the american future should be based on creating more equal opportunity in our society we know from the failed

social 6 pearman it's that you're never going to systematize equal outcomes are we going to have a black market and tippy top group of people that are taking over from the other people but in a society like ours which is lifted more people out of my own family included it's got to be a market based form of regulated capitalism and so ok 40000000 people on food stamps that you are an education system in the united states and people like me that are proud of the good public school system i do not going to people on food stamps ok so why don't we focus on that and stop bombing people that would be my recommendation well just finally you did mention in your post customs why you know haven't you were in bahrain for the so-called deal of the century you know that the palestinian leadership said that the trump administration could go to hell and that the palestinians we've spoken to they say basically they're trying to the top administration signed a bribe palestinian leadership people with loads of cash. totally ridiculous there

were 2 lakes that were dropping one prong was the economic problem announced in bahrain 2 weeks ago where i was there the other leg is the political cronk the palestinians are in a trench because the money comes in and they siphon it off for them their families they put it in swiss bank accounts and so they have billions of dollars of going into the system and you can't find it anywhere in the west bank so it's a fine show of more of the same and i applaud gerry kushner for at least advancing a plan that would improve their political situation from where it is right now and certainly their economic situation so the fact that they did not show up i would recommend to your viewers and leaders around the world to follow the money ok because money dries most of these decisions and so they don't like the fact that the playfield is going to get even and the people that have been in power that have taken all that money importance was banking. are not going to be able to do that anymore it will play like this is employment so i mean i just read it is i think

it's astonishing that leaders that are supposed to be serving their people or not at least go to a conference like that and here with a plan is all about just more political posturing and good news for the society as a result of social media and all that good stuff people are tired of it you can't shine a spotlight on your i phone or the political cockroaches that are in the world and they can hide as easily in the kitchen is that you have these cameras thank you well it's not only donald trump's former white house communications director who supports the deal of the century this is an economic plan that if it's implemented is oxic going to do enormous benefit to the palestinian people that's all of us think the palestinian authority said the deal can go to hell nelson mandela's grandson claimed in london on saturday that trump just wants to fortify apartheid israel joining me now is someone who got support from nelson mandela for his campaign against institutional racism as scotland yard mark what's with lifelong

fighter for human rights joins me now month thanks so much for coming on we just have a tony blair there let's just go straight to this story as given by a knesset m.p. what you make of this israeli m.p. hits out of jared pushed of a palestine deal disaster of the century what do you make of a well it is somebody trying to throw a 56000000000 pound bribe for the palestinian leadership as if the state is for sale. this is a political issue that needs a political solution it's not about economics it's about the right of the palestinians to self-determination but it's the position of the un and the security council to return to the 67 borders and i can't think of a country in the world apart from some proxy of the is way to. government that doesn't support that position well let's go on to something related to the israeli government rather suspicious story we're going to hear 1st from the

deputy leader of the labor party about the former shadow fire in emergencies minister chris williams and that's why i agree the only way we can solve this night to help rebuild trust is for jeremy to step in and remove the weight from chris williams. and indeed the whip was a rigorous williamson in about 48 hours and said you've been supporting chris williams in the guardian newspaper often cited as being incredibly anti the jeremy called me project at this letter from many prominent members of the jewish community in the u.k. and abroad notably no interim skins would chris williamson like like usual chris williams and and then remove the article what are you making of this chris williams in case what is that what does it mean as regards jeremy corbyn well i have to say he is a close friend and ally of chris williamson because he's been so supportive of b. from the get go from the time i was suspended in his routines of 2016 to the time i

was expelled in april last year and you were expelled for at attacking roots me that that's why you were thrown out not attacking i never attacked. or of cooperated with the right wing i made an observation in public which was a throwaway line frankly i'm a victim of fake news what's going to chris then because williamson well it doesn't bode well he's done a lot for jeremy he's been jeremy's most loyal member of parliament an ultra cool been loyalist who frankly i think has been thrown under the bus led by tom watson who has formed these quite venal look at his registrar of bemba's interests and the money's got from so trevor chain to name but one of the leading zionist you know this is a witch hunt it's mccarthyism don't want to the devil leadership somebody is because they're only human source that doesn't mean that its views are from there and jamie

colby would presumably say he's not in charge of this party process so therefore you've got major recall been for it what is your take the who pays the play book calls the tune but let's just go to know him chomsky then what about the fact that the jewish chronicle can claim that the board of deputies and they had their. basically saying no i'm chomsky signed this letter in defense of chris williamson and know him chomsky is linked to and minds and then the guardian immediately removed the article which was put up on monday in defense of christians and i have to say i'm very disappointed with the editor katharine viner seamus milne who is chairman is chief of staff or not chief of staff communications director kerry murphy is the chief of staff lobbied very strongly to get katherine into that job over someone called janine keeps him and yet i think katherine has been a big disappointment in terms of opposition to jeremy corbyn and his project

and they were called up by the media reform coalition as one of the worst offenders when it can't came to associate in germany corbin with anti semitism you know who came 2nd it wasn't the sun it was the b.b.c. well we were in it we were in a difficult place well in terms of journalism let's go to this from the b.b.c. today there's a big conference on media freedom the un's organization unesco is there ever a committee for protection of journalism everyone is accept. this channel russia's banned from u.k. media freedom conference what do you make of this that 1000 reporters and members a civil society are right now in london to discuss the freedom of media but this channel indeed this programme going underground is effectively banned from visiting a conference on media freedom i think this is an outrageous attack on the freedom

of the press and explain why they've accused auti of this information that they've said that your state. organ of the state they've cited. and that's why . the b.b.c. are just giving you an example of where they've been called out on bias i've had my own run ins with political editor laura corny's book who had to pull an item because it was misinformation it was fake news about me it's a bit rich for them to be excluding in those circumstances accords with thank you and that's it for the show will be back on saturday when. you have done celebrate the international labor movement of $148.00 and you'll die or mine is gone until then or gay let. me just see that.

you know what i i don't want to talk to a communist news agency forgive me i have to find someone. well with trying to take me. going to. just like the jews. exactly when my father. so i. see and feel that where.

we have to be. 2 i think i acknowledge the. fight. it's an indication of how. we have a move towards we are definitely winning it because we have the people they have people in power but we are.

not a movement but in your circles one of. the . more. seems to trees. to be. that. after conference for that's poor country it's a poor a wealthy country a sum of all the. stock markets that are owned by let's call time percent of the population most of us. and there are what else is more and it's a condition that poor americans don't want to cop to it's hard for but the fact

is now you've got 150000000 more people america. headline stories this hour fears of bias trial a u.s. federal judge condemns the justice department's substantiated claims that a russian firm indicted for a lecture in meddling was ruled by the kremlin saying it could sway a jury. the british ambassador to the u.s. result over a leak cable scandal after his private e-mails exposed a far from glowing review of donald trump and his administration. the probe meanwhile comes under fire from the u.s. democrats for leaks the billionaire jeffrey epstein who's accused of multiple cases of child sexual abuse spiked his close ties to both camps of washington.