dot com stay with us now for the financial news in the kaiser.

that are underway today and it is the most exciting thing going on in the world economy like the new internet the new global financialsystem to be intimated simultaneously today all around the world. mark: now the new financial systemem like that coin what is this? who is behind that? . >> today the existing financial system people don'tli realize it is at the end of the line i wrote about in the scandal of money the biggest industry in the economy by far is currency trading shuffling currency back and forth. seventy-three times as big as all trading goods andad services 25 times all global gdp and does not have meaningful monetary value the sole function really is to endow the central banks with the capability of generating money with that doomsday $250 trillion of debt on the world economy the system will not be viable over the future so those of the most brilliant entrepreneurs are creating a new monetary system it is public and private it is ubiquitous and starts with a bit coin which as i explained in my book has various flaws which means it will not be in its current form. trying to create a new goal and that i

the latest on these stories aren't you dot com stay with us though for the financial news and the kinds of. kalu i'm asked cons are and this is the kaiser report let's talk with stacey max i have one headline from financial times and two from wall street journal those are international financial news headlines and these are showing you a story by juxtaposing these headlines and tell you a story that we have been telling you for several years now does the juxtaposition yes that's a great way to tell a story right the story that has been sold to many americans is that we america are the number one or oil producer in the world that is true that we are producing a great deal of oil a lot of it due to fracking so that's all well and good but none of those headlines in the mainstream media outside the financial press tells americans at what cost so i want to show you just the headlines and some quotes actually from the headlines to tell you the difference why america russia saudi arabia they all three are the largest producers of oil in the world and the difference in the call aust of product

new approach in three parts. build up the strength of the financial system. develop and apply broad framework for monitoring financial stability ongoing. third, explain the new approach transparently, so the public and representatives in congress can provide oversight and hold us accountable. i will focus mainly on stability efforts of the fed. a number of federal regulatory agencies have responsibility in this area. all agencies are represented on the oversight council, chaired by the treasury secretary, and which provides a forum for interagency cooperation in responding to risk. after 10 years of concentrated effort in the sectors, the system is stronger, with greater capacity to function effectively in stress. in the banking system, we have implemented framework based on robust capital and liquidity requirements, strong stress testing and mandatory living wills for the longest and largest firms. firms have more high-quality capital than before, as you can see on the first figure. revealednt stress test after a global recession, capital levels at largest ba

powerful than saudi arabia and these forces these cyclical forces the secular change in interest rates moving up now are assuring in a new financial reality for the world's economy and then for the crackers it because as this crashes and oil prices crash of course if they weren't making money at seventy they're now making money at fifty and they're not going to be making money at forty or thirty or twenty and now another headline again because i know you did a second segment on buying grier it's and this is really relevant to what you're talking to him about with gold and the alternatives to swift and they are rainy and sanctions and that this is something we could all it for to perhaps in our future once the dollar starts to disintegrate and it's always a chaotic time and. i don't new when an empire collapses and their reserve currency fails it has happened quite a few times in the history and this is a sort of headline that one sees during those times iran executes sultan of coins who is convicted of hoarding two tons of gold coins iran has executed the so-called sultan of coins and his accomplice for hoarding gold coins and oth

dot com stay with us now for the financial news in the kaiser. hi i'm max kaiser this is the kaiser before the show that takes you into a house of mirrors or is it. cissie we look like each other but this is actually kind of a mirror reflection of the last episode because we were in the last episode we talked about general electric g.e. and all the share buybacks which did not save that company from well right now it looks like bankruptcy but of course the democrats in the house could rescue it but here is a tweet that shows big u.s. companies spent more money on buying back shares than they did on capital expenditures in the first half of twenty eighteen the last time that happened for two straight quarters was just before the crisis according to this chart from deutsche bank's thorsten stock there you go these are the share buybacks and that's the stock price and we look like we could be in for another crash crash yeah exactly well. a few points there number one share buybacks used to be illegal why for this very reason just hollows the company

the us—china trade war. if we move away from brexit. good news for financial markets, maybe. ident trump is concerned, his ongoing battle with parts of the media. it reports that a federaljudge is due to deliver a ruling today on the white house banning a cnn reporter from the building. and finally, to switzerland and the neue zuricher zeitung, which covers the astonishing amount of money paid at an auction in geneva for a diamond and pearl pendant that once belonged to marie antoinette — $36 million. that follows the 50 million for that pink diamond. jane is back. jane foley, senior foreign exchange strategist at rabobank. let us look at frankfurter allgemeine. the british to the eu. that is germany's take on yesterday. it is, exactly. it refers

all of those stories plenty more besides r t dot coms got you covered stay with us though for the financial news only max. i am asked eyes are welcome because a report thirteen hundred yeah i know i look pretty spiffy that's because we're shooting gonzo american pilgrimage yeah we're back on the road soon to be artsy first ep episode airing in the summer it's going to be awesome we've been shooting all day in the desert red rock thing is basic yes we're in las vegas those are the mountains behind us i think the sierra nevada red rocks certainly and you know of course it was las vegas where we saw the last great tragedy of a mass shooting dozens and dozens of people killed of course while we've been on this journey there are more mass shootings more mail bombings or at least fake mail bombings and it's been a pretty horrific journey while where in the past few weeks in american history i'm trying to decide whether the craziness factor is ratcheting up or whether it's staying somewhat constant to me it seems like things are getting crazier every week every month and i can't even keep track of all

would mean financial services in london would not have to move their headquarters to the continent continue doing business with the e.u. the british pound again point six percent on the news the financial sector contributes an annual one hundred twenty billion pounds to the u.k. economy. analysts craig golden joins us from london is this the breakthrough we've been waiting for craig. i think it's one of the breakthroughs we've been waiting for necessarily resolve the issue of the irish border in the stop hopefully those discussions all ongoing i think is still an extremely important one though because this is the thing that may help it get through pollens ultimately this is a hugely important sector to the u.k. as you've just alluded to it contributes around three and a half the u.k. employment and seven percent of you calpol and eleven percent of u.k. tax receipts so naturally this is going to be one of those things that's going to get m.p.'s on science but what about the savings here for the banks and financial institutions how much could a deal like this actually save them. well it's huge i mean not really we have seen policies and procedures put in place in order to d

the tech giant's treatment of women and ethnic minorities. us authorities charge two former goldman sachs bankers and a fugitive malaysian financier following one of the world's biggest financial scandals. and the new

latest on the races but on the futures markets are fairing, foreign markets are faring, how china is responding. that financial followed is something unique to fox -- the financial news to fox business. >> jesse: i am jesse watters with martha maccallum, juan williams, dana perino and greg gutfeld. it's 5:00 in new york city and this is "the five" ." welcome to fox square in midtown manhattan, home of america's election headquarters on the eve of the historic midterm elections. we have a jam-packed hour ahead but first. fox news alert. in the final hours before voters head to the polls, president trump is hitting the campaign trail harder than ever as he tries to tip key toss abrasives with a flurry of

latest on the races but on the futures markets are fairing, foreign markets are faring, how china is responding. that financial followed is something unique to fox -- the financial news is something unique to fox business. >> jesse: i am jesse watters with martha maccallum, juan williams, dana perino and greg gutfeld. it's 5:00 in new york city and this is "the five" ." welcome to fox square in midtown manhattan, home of america's election headquarters on the eve of the historic midterm elections. we have a jam-packed hour ahead but first. fox news alert. in the final hours before voters head to the polls, president trump is hitting the campaign trail harder than ever as he tries to tip key toss abrasives with a flurry of rallies. in cleveland the president fired up the crowd. >> everything we have created and achieved is at stake on election day, it is. if the radical democrats take power, they will take a wrecking ball to our economy, a vote for republicans is a vote to continue our extraordinary prosperity, our extraordinary journey together. a vote for democrats is a vote to bring this economic boom crashing to a sudden halt. the democrat agenda is a socialist ni

the world. mark: now this new financial system. you talk about things like bitcoin. what are these new financial systems? who's behind the financial system? >> well, today, of the existing financial system. a lot of people don't realize it, but it's essentially come to the end of the line. i wrote about it in the scandal of money. today, the biggest industry in the world economy by far is currency trading. just shuffling currencies back and forth. it's 73 times as big as all trade in goods and services, 25 times all global gdp and it doesn't even accomplish stable or meaningful monetary values across the world economy. its sole function really is to endow central banks with the capability of generating money and imposing some 250 -- it's doomsday pot of $250 trillion of debt on the world economy. this system is not going to be viable over the future, so it's providential in my view today that scores of thousands of the most brilliant young entrepreneurs in the world economy are creating a new monetary system. mark: a private monetary system? >> it's public, it's priva

broke can't have paid for the ad so the big question is who did paid for the ads and it was the financial news website business insider dot com so journalists there who have to thank for their research set up a fake page for a nonexistent n.j. are you set up these ads and basically just typed in cambridge analytics as the group having paid for advice dot com did a similar thing facebook is saying it's stopping foreign funded election ads but these groups these websites have been able to show some loopholes in here that the process is easily manipulated looks like facebook is on the right track but has a bit of improving to read thank you so very much for that and we will have extensive coverage of the midterms here on the well bringing you all the results plus what they mean for europe and beyond and we'll have live updates on our website this d.w. dot com and hit us up on twitter if you want as well i'm going to hand you over now to stephen. thanks lou the trade dispute between the u.s. and china it's a drag on the world's two biggest economies and also threatens the pull down global economie

carol: what about the financial aspect? the new york times put all of this out.talk to everyone focused on it and then it went away. under a democratically -controlled house do they pursue , this? billy: absolutely. the likely incoming chairwoman has tried for two years to get subpoenas. chairman tourrent subpoena deutsche bank and other bank records. she will waste no time launching that herself. she has saidadly it is payback time for banks, wall street and insurance companies. f pelosiknow i wanted her to say that or what it means. it should be a lot of fireworks. carol: women won more seats than ever before after a record number of fema candidates were on ballots across the country. jason: but is essentially symbolic or will it impact policymaking? here is rebecca greenfield. >> there is a record number of women in congress and still 75% of the power will be held by men. i just want to put that out there there carol: perspective is important. >> which is why it is important to reelect people and keep the momentum going if you want parity. congress should look

the end of march 2019 deadline and may possibly be honoured. thank you, everybody will be watching what happens this weekend in brussels. moving on to other business and financial newsa trade spat has intensified, after one of president trump's top economic advisers told the bbc that the wto should give it china. —— evict. they said that the world ‘s second—largest economy has misbehaved and should be thrown out. the wto's chief economist agrees that members of the organisation are not happy with some of china's behaviour and that the wto should be reformed. he spoke to my colleague. i acknowledge that members see the need for reform. all wto members live in glass houses, they all do things that push against the agreements and the solution to that this political compromise and negotiation, not necessarily trying to create a new rule for everything that comes along or complain about how the rules are not being applied. 0ne how the rules are not being applied. one of president trump's top economic advisers suggested this week that the wto, the organisation you work for, should it china. should it? —— should evict. you work for, should it china. should it? —— should ev

after the us midterms the new head of the financial services committee in congress will be a democrat maxine waters a known adversary of president donald trump waters new position could spell trouble for trump as she now has subpoena power on her radar screen is. the land to the president waters can look into documents and bank statements possibly connecting trump and russia democrats have not yet decided whether they will submarine at. all what aspects of the president's finances to look to. withstand the u.s. where the federal reserve kept the benchmark lending rate unchanged on thursday the move highlighted the continued strong performance of the economy but also pointed to a slowdown in business investment the fed noted solid job gains falling unemployment and growing household spending but they also signaled that there may be a further rate rise before the year's end. to russia now where growth will continue to weaken in the fourth quarter of this yeah alexei kudrin former finance minister and current head of the court of audit expects less than one percent next year the country'

news for financial markets, maybe. the new york times is looking at the irritant as far as president trump is concerned, his ongoing battle with parts of the media. it reports that a federaljudge is due to deliver a ruling today on the white house banning a cnn reporter from the building. and finally, to switzerland and the neue zuricher zeitung, which covers the astonishing amount of money paid at an auction in geneva for a diamond and pearl pendant that once belonged to marie antoinette — $36 million. that follows the 50 million for that pink diamond. jane is back. jane foley, senior foreign exchange strategist at rabobank. let us look at frankfurter allgemeine. the british to the eu. that is germany's take on yesterday. it is, exactly. it refers to the withdrawal agreement. but the withdrawal agreement. but the withdrawal agreement, all 585 pages of it, generally looks a bit backwards. there are still a lot of negotiation into what will be the future relationship between the uk in the eu. this paper says that brexit har

the tech giant's treatment of women and ethnic minorities. us authorities charge two former goldman sachs bankers and a fugitive malaysian financier following one of the world's biggest financial scandals. and the newnd of south africa: we meet the djs setting a course from the street to stardom. with an eye to next week's mid term elections, crucial to deciding who controls congress, president trump has ramped up his rhetoric on immigration. many of his claims are unproven, some of what he's proposing may be unconstitutional, and he's drawn criticism even from senior figures in his own party. but the thousands of central americans making their way towards the southern border of the us have become an election issue, even though they're still hundreds of miles away. our north america editor jon sopel reports. it feels as though america is going on to a war footing. thousands of troops are being mobilised. destination — the southern border. the enemy — men, women, and children winding their way up through mexico. 15,000 soldiers are being deployed to stop immigrants on foot from entering the united states — illegally, says the president. and with five days to go until crucial congressional elections,

revenues per seat, the amount of money it makes from each passenger, are set to fall in the first half of the new financialiler a0 world has cut its losses, falling to £11.7 million, down from a £12 million loss last year. but the firm has warned that a challenging market could force it to rely on the second half of the year to meet overal expectations for the year. hello and welcome to the business news this afternoon. it‘s been a turbulent year for the airline industry, but the budget airline easyjet says its annual profitjumped by a1% in its full year results. bookings for next year according to the airline were "promising" and slightly ahead of summer this year, with half its seats sold for the first half of 2019. but some analysts are cautious given brexit uncertainty and cost pressure from weakness in the pound. interestingly, the boss of easyjet johan lundgren was adamant that flights would continue operating in april, even if there was a no—deal brexit scenario. let‘s talk to john strickland, aviation expert atjls consulting. these results are pretty impressive given the climate that airlines are o

the key improvements since the crisis particularly those in capital, liquidity, stress testing and resolution i'd like to conclude by putting financial stability and our two new reports in a longer-term context. to paraphrase a famous line, eternal vigilance is the price of financial stability we will publish these reports regularly as part of our vigilance. over time some may be tempted to dismiss the reports or to overdramatize any concerns they raise. instead, these reports should be viewed as you might view the results of a regular health checkup. we all hope that a report like that will not be very exciting many baby boomers like me, however, are reaching an age where a good report is, well, there are a number of things we should keim ep an eye on but all things considered you're in good health that is how i view today's financial stability report we hope this report and the supervision and regulation report will be important tools, sharing fed views and stimulating public dialogue regarding the stability of the financial system thank you again for coming i look forward to questions. [ applause ] >>> that is the fed chair concluding his speech there. don

that financial services in london would not have to move their headquarters to the confidence to continue doing business with the rest of the e.u. the british pound gained point six percent on the news financial sector is crucial to british interest it contributes an annual one hundred twenty billion pounds to the u.k. economy. business leaders are demanding clarity over trade post breaks it. stalled the irish border is a key problem once a focal point for sectarian tension it's now become a place full of promise. the border running through the tiny irish community of months is hardly recognizable anymore to drive the few miles to derry has become something quite normal in recent years derry is in a. more than oil and which is part of the united kingdom before the border was heavily guarded if you look for them you can still find relics from that time most people here don't want to go back to that the open border has brought many people jobs and a studio income it's also made the region attractive to tourists. one hears a similar story everywhere along the five hundred kilometer border between northern oil and the republic of ireland. but bricks it is making people here nervous for

the best of the new economy forum is straightahead. >> hello and welcome from singapore. site of the inaugural bloomberg new economy forum. today we have brought together some of the worlds most respected business and financial leaders. policymakers, and economic thinkers for a packed agenda. the goal stimulate productive dialogue for deeper understanding and actionable solutions on important global issues. the collaboration was set immediately by the keynote speaker, vice president of the people's republic of china. >> the progress of mankind has challenges and opportunities. we need to follow the trend, stick to the right direction and stay the course. peace and development must be -- in order to create conditions for a dressing the issues in the world. countries need to respect each other's development path, have consensus and resolve disagreements. efforts must be made at home to reform for innovation, and improve income distribution so that the people can truly benefit from development. as the law of nature, a tied is accompanied by an undercurrent. in a world, economics and globalization as a historical trend will move forward. haslinda: the opening session continued with a panel featuring talks about

states the demonstrators called the migrants caravan an invasion of their country they also voiced concerns that mess mexico will have to financials and financially support the new arrivals for months as they wait to apply for asylum in the u.s. . feed it and saudi arabia's king solomon has reiterated support for un efforts to end the war in yemen it comes as yemen's who the rebels say they will hold attacks on the saudi led military coalition if the saudis and their allies also agree to a cease fire. some sports and in tennis germany's alexander's vera has stunned world number one novak djokovic to win the season ending a.t.p. finals in london. was the favorite and had dropped a set in the entire tournament that was until sunday's final but it was no match for azhar of who became the first german to win this tournament since or specker in one thousand nine hundred five. alexander the third was high confidence and it showed in the opening stages. after breaking novak djokovic just serve threads still to six full victory in the all important first set. first. he turned on the saw in the second set with a delightful right of shots. saving his best for last. five.

the financial statements. unfortunately, the originally had scheduled to have it released the end of october, as we normally do. the city is extremely behind in work that needed to be done as a result of the new financial system. and it is unlikely it will be issued in december for our december meeting. however, i will keep you abreast of the news. we get phone calls every friday and we talk to the auditors once a week, but they are right now relocated to other jobs and will come back when the city is ready to have them come back. so we're going to begin with what an unaudited trust balance, as of june 30, 2018, of $72.9 million. based on activity through august, 2018, the fund balance is projected to be $74.5 million on june 30, 2019, which is a $1.6 million increase. this projection is based on two months of data, which is always difficult to do. our crystal balls are hardly good enough to do after a quarter of the year projection. so this is subject to change as the year goes by. we're seeing favorable claims experience and unfavorable. there's favorable claims experience for the dental plan and projecting to receive $7.9 million in pharmacy rebates this fiscal year. i reported in the repo

percent on the news but later on thursday a source told the reuters news agency that no deal had been moved this spokesman for the british government also said there was no deal for financial sector is crucial to british interest it's it contributes an annual one hundred twenty billion pounds to the u.k. economy. was now the subject of bragg's its business leaders from ireland demanding clarity over trade post breaks it because free trade has been a matter of war and peace in northern ireland the irish border region has been a focal point for sectarian tensions for decades decades but now it's become a place of prosperity. the border running through the tiny irish community of month is hardly recognizable anymore to drive the few miles to dairy has become something quite normal in recent years dairy is in northern ireland which is part of the united kingdom before the border was heavily guarded if you look for them you can still find relics from that time most people here don't want to go back to that the open border has brought many people jobs and a steady income it's also made the region attractive to tourists. one hears a similar story everywhere along the five hundred

the pieces. but regular new yorkers will. >> tucker: you have to wonder, too, about the location of this deal. people in new york think it is a very rich place because new york city is the financiald. but upstate new york, parts of it have a lot of poverty, real poverty. americans suffering no jobs, high drug abuse, you are very aware of it. dying, exactly right, beautiful place for great people and it is dying. but amazon did not choose to help revitalize that part of the state, they moved to the richest part of the state. what does that tell you? >> i don't want to say $25,000 or whatever it is a drop in the bucket, but new york city, the metropolis of new york city, is a drop in the bucket. if you situated this facility in the middle of central new york, you would save an entire region. he would revitalize an entire region. and save what was once a thriving part of the manufacturing. but to put it in new york city -- here is a point. i would also like governor cuomo to answer. how do you know they weren't coming anyway? it is the median financial capital, one of the mostcu educated, dynamic workforces. wouldn't they be coming here anyway? they're not going to go to peoria. the

the united states and china. reason enough of course to worry let's find out more with our financial correspondent at the new york stock exchange causes joining us now it's good to see you well we're talking about tech stocks but looking at all the figures right now it's probably fair to say that fears are expanding to other sectors right it certainly is the c.e.o. of red we just had a good handful of the big tech names losing around one trillion dollars in value from the recent highs but on tuesday the broader market sold out even more than the tech industry of blue chips down by a good five hundred fifty point that was down by a good two point two percent but we also had selling pressure in the oil market the oil prices have dropped by almost seven percent or we even had the big retailers some of those selling out for ten percent or even more now talking about those retailers yes they are under pressure especially the traditional retailers but the holiday season is around the corner so expect there might be good news then what's the word. we certainly expect a very solid holiday shopping season here in the unit

new generation. of gary hart is here now with some potential fall out for deutsche bank after the mid-term elections in the united states because after the midterms the new head of the financial services committee in congress will be democrat maxine waters and she's known as of president donald trump water this new position could spell trouble for trump as she now has subpoena power on her radar screen is doj about a key lender to the president forces can look into documents bank statements possibly connecting trump to russia democrats have not yet decided whether they will subpoena bank or what aspects of the president's finances to look into. mr and the u.s. where the federal reserve kept the benchmark lending rate unchanged on thursday the move highlighted the continued strong performance of the economy but also pointed to a slowdown in business investment the fed noted solid job gains falling unemployment and growing household spending but they also signaled that there may be a further rate rise before years and. fifteen thousand passengers are stranded at airports across argentina because of a wildcat strike or planes of state carriers are really as. grounded as all empl

was a moment in the hearing were congresswoman , set to become the chairwoman of the financial services committee and the newgress, said publicly she likes to keep people "confused." she was joking about her relationship with the outgoing chairman. what type of, set to become the chairwoman of relationship do yu hope to have with chairwoman on the financial services committee as we head into the new congress? congressman mchenry: well, in my time, i have passed four bills that are waters' bills. now, overall, my eyes are wide open. she saidand from which publicly, that her agenda is much more about resistance and about oversight and investigations. i think we have a great opportunity for us to continue the path we are on with better regulations, smarter movements, more focused attention on access capital, housing crisis. kevin: that is like jobs at 4.0 legislation we are hearing. do you think there might be some bipartisan legislation because you mentioned you work with her but in particular on helping rural and urban communities increasing access to capital, particularly for underserved community and busine

fallen sharply today on the tokyo stock exchange, at one point down some 6% as investors reacted to news of the arrest of the company's chairman, carlos ghosn, on suspicion of financialnduct. mr ghosn is suspected of understating his income by 5 billion yen over five years — that amounts to almost $41; million us. nissan say allegations of his "serious misconduct" fall into three areas: misrepresenting his pay in a report to the toyko stock exchange, misrepresenting the purpose of spending the company's investments, and also using the company's assets for personal use. this is how nissan renault is made up, it is a huge player in the global car industry and is actually owned. as you can see, renault own 4296 owned. as you can see, renault own 42% of nissan, whereas nissan is holding 15% of renault, but also the more recent acquisition for nissan is it holds a 34% stake in mitsubishi. his sudden departure has also highlighted the complicated structure of this company. the french government owns a 15% stake in renault. french president emmanuel macron has said the state will be "extremely vigilant" about the stability of renault and its alliance with nissan. but we mus

bend that for some more interesting a fall out of the business angle from the midterms exactly yes the new head of the financial services committee in congress will be democrat maxine waters known adverse for president donald trump well this new position could spell trouble for trump and she now has the power on her radar screen is deutsche bank a key lender to the president was can look into documents and bank statements possibly connecting trump and russia democrats have not yet decided whether they will subpoena deutsch show or what aspects of the president's finances to look into . let's talk about this because i was in who's standing by for us at the frankfurt stock exchange kyra is this a talking point amongst traders. it absolutely is. frankfurt is the headquarters of the bank of course people here are talking about this topic a lot they have been talking since trump is in office and since the moller investigation and you know what with the hands often over their mouth storage bankers would often tell you that the bank should never have done business with donald trump in the first place as a businessman

the business community. not a single company we've spoken to — including aircraft and motor manufacturers and financial services — says the newstingency planning. let's cross over live to philippa thomas who is in westminster. theresa may has quite a day ahead. talk us through this critical day in brexit. it is a critical day, it is decision day for the uk's top government ministers but i have to say this is a day with a sense of potential. there could be a breakthrough. this feels like a moment where theresa may could emerge in control after months of political sniping, in control perhaps for the first time if she can pull her cabinet around her. if she gets the cabinet to agree to this deal, she knows she also has to get this deal through parliament. but if she manages thatjust think what she has achieved. she will have avoided another election in the uk that could have handed power to the opposition labour party, she will have avoided a second vote, which many people feel they ought to be a second referendum on the shape of any brexit deal. she will have pushed through and delivered what voters here narrowly said they wa nt

the islamic republic they say that they'll work to maintain and develop financial channels with iran moscow insists that tehran has been in full compliance with the terms of the nuclear deal donald trump described the new restrictions as the strongest american sanctions ever against the ram they affect more than seven hundred individuals they also aggressively target the financial energy and shipping sectors a lot of the news former deputy speaker of the belgian parliament says that e.u. anger at the move may have a dangerous consequences. up until now foreign policy of the united. sorry was mainly you know reflects if whatever the united states has said not because they just follow luke goulden mostly agreed with it also and now there's a fundamental disagreement governments and public opinion is not always exactly the same i mean the government here in belgium and holland and so are very slow in decent matters but basically when they are so slow in not standing by the u.s. that they'll do a lot of things already given also the historical context so we're discworld go you never know and i hope that it will work out somehow because this is indeed a friday dangerous situation but it is more than that th

the u.s. midterms the new head of the financial services committee in congress will be democrat maxine waters a known adversary of president donald trump waters new position could spell trouble for trump as she now has subpoena power on her radar screen is back to lend to the president waters can look into documents and bank statements possibly connecting trump and russia democrats have not yet decided whether they will subpoena dodge durango what their spines of the president's finances to look into. we stand the u.s. with federal reserve kept the benchmark lending rate unchanged on thursday the move highlighted the continued strong performance of the the economy but also pointed to a slowdown in business investment the fed noted solid job gains falling unemployment and growing household spending but they also signaled that there may be a future rate rise before year's end. fifteen thousand passengers are stranded at airports across argentina because of a wildcat strike or planes of state kerry are alina's argentina's are grounded as all employees take part in the walkout the airline says the

the mirror. what is this about? a new financial director at burberry. you could conclude this about the week pound but there are huge changes going on at burberry. the new ceo will outline he was really going to look at products and i think product has basically been the answer here. they have a new designer, and the new collection for the house was unveiled in september and it was really well received. it is also about what they are selling and were? the marketplace for them is as important in asia as in europe? yes, very important for them. they are a huge global brand and i think the new designer unveiling his collection in september, 134 outfits, huge catwalk show by anyone's standards. he wanted to reflect the fact he understands his global market and he had something for everyone in that collection. global market and he had something for everyone in that collectionm this... a contract? it has been wobbly, in a bad place for a while. get a fight to keep their place but i think this is an exciting new chapter for i think this is an exciting new chap

around the world and covering the world of business and finance i'm bart chilton in the financial center of the world today new york city we're glad you're with us coming up on the broadcast today we told you about how china has reduced its importation of iranian oil but where are they getting their needs filled may surprise you alex mahela bitch brings us up today and caleb often joins us to look at the collateral impact to other nations of the u.s. china trade war and we'll be joined by international regulatory attorney myles edwards to look at the action earlier this week on net neutrality and war was trying to travel as it gives us a special report on the basics of bit coin plus add a measure of add a measure trading is back and we look at stocks related to the u.s. federal reserve they just concluded meeting a little bit ago i'll see if we can get a few stock tips from adam to all that coming up but first we have a few headlines let's go. home prices and property values in the united kingdom are decreasing at a faster rate than any time since september of two thousand and twelve the show. harpist declines

the financial crisis is put ourselves back there. it's going to be safe to learn, but no. but it was the opposite. iwith the newpeople who can't the profession by us and not play than. they choose not to exercise it elaborately and that is not acceptable. it can kind of changed the landscape. i wonder if you can comment on these back channel efforts to get them to change the international currency that seems to be picking up speed. that seems to be a problem for the country. where is this going to leave us and what do you think about? i get what you're saying and i talk about that in the book. we need to be our own jesus christ lets put it that way. we need to think that we matter. the american consumer is the most powerful consumer in the world. you can call your bank and say i'm going to take my money out unless you stop doing business with goldman sachs. as consumers, we have enormous power. we choose where we put our money and how we hold our money and we spend it on. and that's my point. we don't need to wait for jesus christ to come save us. we need to save ourselves because it is each of us saving oursel

the world. to deliver and deliver. the new one product coming up or forming a strong. word. over react. financial correspondent there in frankfurt well i'm a song is ready to build its new headquarters after a two year long search for the perfect location the seattle based online giant has settled on not one but two places to expand adlington the genya just outside of washington d.c. and the big apple but while most of amazon's new neighbors are happily using the web site for shopping well everyone is pleased to have the company move in next door it's one of the biggest success stories in u.s. business amazon what started as an online bookseller is now a global e-commerce chaya and a major media publisher cloud storage provider software and gadget developer alexa what are your deal i have several exclusive deals including and even a grocer all in all worth one trillion dollars no wonder everyone wants a part of it politicians from all over the country offered amazon outlandish deals to learn the company to their states and cities one even wanted to change his name . part of being true anyway glam

the british pound jumped to a nine month high on the news the financial sector is crucial to british interested contributes one hundred twenty billion pounds to the u.k. economy. well the first smartphone with a full screen has long been seen as the next big thing in the tech industry apple and samsung were believed to come up with a first but both have dropped the ball they were outsmarted by a little known chinese company called royal which presented its device as an event in beijing when open the phone has a display measuring seven point eight inches that's bigger than many tablets the first orders are going to be shipped in december the company says but the software seems to get confused when the screen is folded competition is just around the corner affordable smartphone by some song is set to make an appearance next week at some schools and they will develop a conference. on. well how old were you when you got your first job in thailand a group of primary school students already picking up a useful trade cutting had to sell from barber shop gives kids a leg up on a future profe

the winner? you'll have to stick around for that. jason: wall street's new risk machine. the search for serious returns in the decades since the financialrisis is setting off some alarm bells. carol: first up u.s. midterms democrats taking the house and republicans increase their senate majority. how is the new order will impact the next two years of president trump's agenda? jason: josh green joins us. he's the national correspondent for "business week" and author of the devil's bargain and this week's "bloomberg businessweek" opening remarks. josh, thanks for being with us. josh: great to be here. jason: help us understand this. hat changes from here? josh: what changes from here is as crazy as the first two years of trump's presidency have been, with scandals and crises and intraparty fights democrats haven't actually had any recourse to stop trump. now they do. they won back the house. that gives them oversight power. and most importantly of all, it gives them subpoena powers and trump now is going to have a real adversary. carol: and the democrats have the republicans to thank for that. that amped up subpoena power. josh: they have