i'm ali velshi and this is "real money." america is tighting a powerful financial playing plague that traps dangerous cycle of debt. i'm talking about payday loans peddled to companies of low and middle income americans at a rate that would make people blush. federal regulators are finally waking up to the fact of bay payday lenders, thanks to evasive tactics and powerful lobbyists. but more must be done to the situation that maximize of usury. and not to torture the religious metaphor but the devil here is in the details because on the surface the idea of someone borrowing a relatively small amount of money, say $300 until they get paid in two weeks sounds reasonable. but most people can't pay back the loan on time. that's the reason four out of five payday loans are renewed within two weeks, taking out a median of ten loans a year. half take out more, half less. moreover, payday loans put the borrower into an endless cycle of fees, that exceed the limit and that is unnecessary. pew trust research says if payday loans were

ali.ore than she ever did for me. >> we won't go there. >> the book again, you know, got the essay on ali, a bunch of other essays. i loved the blurb from mel brooks, since we are talking about those kinds of things, the best bathroom reading ever written, each story takes just the right amount of time? >> that's genius >> one of the stories? >> genius is genius. >> we went into this,s the guy from the ad agency and steve jobs and i entered this elegant restaurant. i don't remember which one it was. steve was dressed in jeans and beat-up loafers and the elegant austrian major doma looked disproving but decided to let us in. steve jobs says, how does it feel to be dick cavett? >> about the only question that's ever floored me. >> you had a long relationship with him. he kept sending you apple products. >> each computer as it came out. i am afraid i have lost some of them. it would have been nice retain them he got sick of sending them to me and said, the next one is coming out. will you fin

>> that's the correct way to look at it ali it's a very simple product. you would borrow 300 for two weeks on a very short term basis and play a flat fee. i don't think there's any allegations that consumers don't understand the basic product but certainly the cost of the product like the cost of anything can be debated. >> got it. so you're saying that when i illustrated that the fee charged to thelma of $15 per 100 you know, is not the same as saying that that's 390% per year? >> i this that's right. andthink that's right.payday loans even if they lead people like thelma into trouble they're very easy to understand. i don't think allegations against the industry or anything you mentioned suggest that consumers don't understand the basic terms in fact -- >> here is where i struggle with it. i don't think people understand mortgages. thank god for the cfpb who made these things, now when i get a credit card bill it tells me what i know. that's why we came one aprs right? smart people who deal with that all the time don't understand you know that. >> i don

i'm ali velshi and this is "real money." president obama and his new defense secretary ashton carter are reconsidering america's exit from afghanistan. almost 14 years after america invaded afghanistan as late at 2011 the number of u.s. troops on the ground peeked at 100,000. the current plan could whittle that down to 5,000 troops and all troops out by the end of flex year. but secretary carter just told officials the u.s. is now rethinking that plan. the obama administration prefers a larger than planned troops perhaps keeping most of the 10,000 troops on the ground through 2016. they would stay on to train and adviseadvise afghan troops. the new leader, ashraf ghani. the u.s. has allocated $700 million to afghanistan and related counterterrorism operations. some 2200 american troops have died in the operation, more than 20,000 afghan government security forces have been killed and afghan civilians have suffered as well. more than 17,000 have died in the conflict and with the taliban launching new offenses in many parts of

>> probably. >> soare mob skeptical of ali baba? >> probably. >> so is there a public company today that you would say here is a comp, relative value aol? >> yahoo! and aol should merge. they are the same company. get it over with. neither one actually own their search. aol's powered by google and yahoo! you powered pby microsof. the search deal so underwi underwhelming, let's see what happens there. >> all right. we will. thank you to coming by. facebook popping 4% valuing instragram at $33 billion. stock closing in on $80 a share. twitter following facebook mark cuban talking about twitter's revenue stream last night. >> i think twitter has issues. i think twitter is a revenue gold mine. i think that is a reflection of the fact people don't fully understand twitter anymore. i think it's become the new pr news wire where it's more bull who were than social network. dick costello said it best when he talked about trolls. trolls have killed twitter, but if you kill the troll, you also kill a lot of -- there is a lot of collateral dam

you're watching "real money", tell me what is on your mind by tweeting ali velshi. keep it here. worlds, where is home? >> in ghana, i was not going to be able to become the person i wanted to be. >> every monday, join us for exclusive... revealing... and surprising talks with the most interesting people of our time... talk to al jazeera part of our special black history month coverage on al jazeera america . >> $7, what am i going to do with $7 is that all my life was worth. >> they were the words of the man you heard from in the story about how society compensates or fails to compensate men and women wrong fully imprisoned. it's part of a question of how many a human life after accidents, crimes and terror attacks. there's no one more qualified to explain how it done than ken feinberg. the master of the 9/11 compensation fund, served as the claims for b.p. oil spill in the gulf of mexico and ran a fund for victims and the demror of the general motors fund paying victims killed or injured. that's a partial list of the accomplishments. ken wrote the book on the subj

talk to al jazeera part of our special black history month coverage on al jazeea america >>> i'm ali velshi at the world economic forum in davos switzerland. we'll discuss whether projects boost of the economy. uber is part of the largest designed architecture and engineering firms, one of the largest in the world, the largest in europe. the issue of viability, and will it be built, will it be built to cost, and what is the sustainability, what is the return on the investment. i think it is important aspect. it's probably for the sake of sem plisty, let me re -- simplicity let me remind the audience, we are not just talking about the emerging world. if you have driven a car, you brim. >> we lost a bridge in the past week. >> you are talking about electry fixation fixation. the subject a worldwide. it is about the question of making an investment case, and they are only three sources of money, three ts. it's taxes terrace or transfer of private money. these are the three sources we are talking about. we are not doing a good job as the industries that are involved in infrastructure con

i'm ali velshi thank you for joining us. >>> measles on the move. five unfantastic at a day care center near chicago contracted the dangerous disease. what some states are doing to make vaccines mandatory. >> a proposal for peace. world leaders for kiev trying to stop renewed deadly fighting in ukraine. >> the u.s. pledging millions in nonlethal aid, debating whether to send we

. >> i'm ali velshi and this is "real money." >>> talk is cheap. but war is not. so before we discuss whether all the talk at this week's white house summit on countering extremism will produce any meaningful results we need some context and a reality check. last week president obama asked congress to authorize war against i.s.i.l. this is the violent group that's taken control over large parts of iraq and syria. responsible for the death of james foley stephen kassick and rebecca mueller. president obama said we also have to commit to confront the violent extremists, the rue crueters and enablers who may not directly engage in terrorist acts themselves but who radicalize and night those incite others to do so themselves. remember this is still washington we're talking about the place where everything is fought for political gamesmanship. republicans are faulting the president for not using the word aislammist extremism. calling about community based action to win hearts and minds. our white house correspondent mike viqueria joins me now. mike you've worked in was

i'm ali velshi, this is "real money". we are living through a technology revolution that has enriched our lives and disrupted them at the same time. once upon a time knowledge was accessible to the elite. then innovation brought us libraries and the printing press, making it accessible to more people. now almost anyone can download the contents of an encyclopedia on to a hand-held. democratizing access to knowledge. the dizzying pace of technology through computers, the internet has created opportunities for governments, businesses, entrepreneurs to boost growth and benefit society. the technology revolution left many behind. digital innovation in the workplace eliminated the need for back-office jobs that were the back-bone of america's middle class. globalisation fuelled by connectivity pushed manufacturing and service jobs office where labour is cheaper. since the late 1990s, when the technology revolution made leaps and pounds median household incomes have slid. compounding the insecurity is a changing job market emph

i'm ali velshi, and this is "real money". >>> so the obama administration is floating a plan that would open up the coast for oil, virginia to georgia, opened to oil companies, long after the president leaves office. oil companies are barred in the atlantic from drilling. in about six months, that's the first question i posed when i spoke to the chief economist and director of global energy and economic at the internet energy agency. he worked for o.p.e.c., and is one of the most respected figures in the world. "forbes" magazine says he is one of the most powerful people in the energy industry. he said we should enjoy low prices. >> my expectation is by 2015, upward pressure on the price, 2015, oil production will be cut globally by 15%. prices. >> yes, in north america. this is the implication on the production. downward pressure. second lower oil prices means we are guzzling reserve price, and this gives upward pressure on the demand. this comes together, lower pressure on the production, upward on the demand. after a year, upward trend in prices. which is what many expect. >> do you

from new york city please welcome aly viny! [cheers and applause] oh! [laughs] hi, aly. are you? >> i am so good. how are you? >> now, aly, what's up, see? >> what's up, terry crews? >> i heard that can rap.

i'm ali velshi, thank you for joining us. jordannians rally with the government to avenge the killing of its pilots. you're watching al jazeera live from our headquarters in doha. i'm fauzia ibrahim. >>> attempts to solve the ukraine crisis. >>> concerns over the rise in ebola cases in west africa. plus, the cost of falling oil prices. how the

ali velshi is here with the oil story, and explain it all ali. >> i can tell you that the $2.48 was a 5% decline but what 5% in the drop of the price of oil shows you is that the talk about the bottom might be premature and this drop today comes as traders sorted through two very very important reports. one is from the international energy agency, the iea. and the other one complicated enough is from the energy information administration, or the eia. and to make it simpler, it's the department of agency, and the eia is the pair-based organization. so the paris organization warned that even though oil will recover from the oil supply glut, prices will remain below the high for the last three years. to get a sense of that, before this drop in the oil prices began, oil was $107 a barrel in june. and the same paris based organization said that the prices will be 50 through 2016 and 62 through 2016. so not bad. they said that the u.s. oil production, based on fracking and shale, is going to grind to a halt in the second half of 2015, and by the way halliburton said that it's getting rid of

is that true, ali?ook at original deferredac he took in 2012 we estimated at that point 1.2 million people eligible. at this point, 700,000 have applied and gone through that process. the number of them not being eligible and being disqualified. i don't think the numbers are greater than what we expected. the numbers are lower than what we expected. lou: and, you expect a happy conclusion, and how soon? >> we expect a happy conclusion from congress. i think that's what we all have to expect. we have to expect that speaker boehner and leader mcconnell put their heads together fund dhs and move forward with something constructive. the administration is on solid legal footing when we talk to business leaders, they love the idea of having a stable and legal workforce instead of the status quo putting everybody at risk. lou: ali noorani, did they mention anything about the 30 million unemployed? those employers? >> they want to make sure everybody can compete for the same job with the same wage. they can exp

. >> i'm ali velshi and this is "real money." syria four years of civil war which originally started off as a bunch of mass protests call on president bashar al-assad to step down. but the situation quickly deteriorated into open violence. government officials responded by taking up arms. sending money and weapons to myriad rebel groups. the government sought out military aid from its allies and the government covers dmasks arounddamascus and the coast. al al al qaeda affiliate al nusra, using it as a springboard to grap partsgrabsgrab parts of iraq. meanwhile, i.s.i.l. continues making worldwide headlines by videotaping the murders of aid workers and journalists including japanese journalist kenji goto who was killed in a video released this past weekend. four years on more than 200,000 people have been killed in syria's fighting. some 12 million people more than half of the population are displaced. three million of them have fled to neighboring countries, a million each to turkey jordan and lebanon. i sat down with valerie amo

that is our show today i'm ali velshi thank you for joining us.great weekend. >> the right to die. canada's highest court strikes down a ban on assisted suicide. the implications the decision could have on this side of the border. >>> concern and skepticism. u.s. tries to verify claims an american hospital contaminating died in a coalition air strike. a young woman who devoted her life to ending the suffering of others. school segregation 60 years afte

i'm ali velshi. this is "real money." >> one day after standard & poor's agreed to a $1.4 billion payout to settle charges against it federal and state prosecutors are shifting their sights to another credit rating agency moody's. both s&p and moody's get paid to rate securities. those securities market to investors. critics say that's an inherent conflict of interest that really burns investors when things go wrong the way they did in 2008 when toxic securities imploded our financial system. now the government contends that s&p and perhaps others, like moody's and fitch purposely assigned rosey futures the very guys marketing those shoddy securities and to drum up more business. the defaults were the spark that burned down the housing market and brought on the worst recession since the great depression. seven years later america is still picking up the pieces and for is once s&p and perhaps moody's will be getting burned. parent company mcgraw hill, here is the rub the company will probably claim th

employees refer to each other as ali people.any assume nicknames taken from kung fu novels. >> one of the big influences on jack ma's life was a martial arts novelist. in the early days, people took on nicknames, different characters that were in these novels. >> that fighting spirit has attracted young people to work at alibaba. the average employee is 30 years old with a starting salary of nearly $33,000 a year. that is more than seven times the average of urban chinese workers. >> alibaba tracks young chinese who are at the top of the field because it is an exciting corporate culture. people feel they can break down barriers and do new, cool, innovative types of things in their work life. >> jack ma is also unlike any tech company founder. >> ♪ can you feel the love tonight ♪ >> from serenading employees to playing matchmaker. a heart-shaped dating board between the gym and the cafeteria is filled with photos and names of employees looking for love. >> jack motte is so revered in the corporate culture that every year, on ali

only on al jazeera america. >>> i'm ali velshi at the world economic forum in davos switzerland. we'll discuss whether projects boost of the economy. uber is part of the largest designed architecture and engineering firms, one of the largest in the world, the largest in europe. the issue of viability, and will it be built, will it be built to cost, and what is the sustainability, what is the return on the investment. i think it is important aspect. it's probably for the sake of sem plisty, let me re -- simplicity let me remind the audience, we are not just talking about the emerging world. if you have driven a car, you brim. >> we lost a bridge in the past week. >> you are talking about electry fixation fixation. the subject a worldwide. it is about the question of making an investment case, and they are only three sources of money, three ts. it's taxes terrace or transfer of private money. these are the three sources we are talking about. we are not doing a good job as the industries that are involved in infrastructure construction engineering is providing certainty with regard

hit me up at facebook.com/ali velshi. keep it here. >> coming up after "real money," a move that could further strain relations with russia, we'll see what's on the table. also more backlash against the antivaccination movement, as the cdc warns the measles outbreak is likely the grow even larger. plus a wheelchair that can be steered with eye movements how engineers did it for less than $200. we'll have more of that coming up at the top of the hour. hour. >> the violence in ukraine has started to rage again. russian backed rebels have stepped up their pounding of position he of government troops. kiev's military says five more ukrainian soldiers have been killed. officials in donetsk say 15 civilians have died. talks between ukraine russia and others have intensified. charles stratford has more. >> they run for cover. arartillery is landing close by. it is unclear whether the separatists or the ukrainian military fired first. we are in the town of r and there has been a lot of incoming shelling still going on spore spora

that is it for us on behalf of the networks and the world economic forum, i'm ali velshi, thank you for joining us. rr where [ explosion ] >>> state of emergency. evacuations in west virginia, after a train carrying crude oil derails and explodes into a massive fire. tonight, the desperate effort to stop the blaze and the oil leak >>> homeland security standoff. the fight over immigration threatens to shut dhs. the warning as a deadline for the deal approaches. >> scandal in

on al jazeera america >>> i'm ali velshi back at the summit in davos switzerland, now we'll talk about whether projects should be funded by the government or private sector. >> we have things to be done - rail, roads, energy. they are expensive, bike, and take a long time. everybody has said money is not the issue, making them into investable projects is the issue. i'll turn to you, you have spoken about the idea of matching long-term projects with investors, who have long-term"ons, and taking them out of the realm of people with short"ans. and at the same time making projects investable. what does that mean, making projects investable. >> doing them. this is what we typically do. when we think about investing in infrastructure, i think you have to change the way of looking. investing is not the financial exercise. investing in infrastructure is integrating finance, policies, engineering, management. and also communities. >> yes, there is a gap. the capacity of governments in order to deliver infrastructure, but the private sector also had to bridge the gap by bringing the capacity. yo

trials of mohammed ali is another film i suggest you see. powerful. a hero to me and to many folks. the interesting thing is it shows the political stand he took and the repercussions which we are able to romanticize. the more important thing is it looks at his ex-wife his brother, folks around him and reinforces what it looks like to be a part of a committee. so often we look at this idea of rugged individualism that is not how it plays and i think these narratives become profoundly important because they demonstrate how they interact one with another.

i'm ali velshi. night. >>> hello, i'm ray suarez, you would a guessed that a lot of american schoolkids live in poverty, we have known for a long time that poverty has a lot to say about where you go to school and who is at the desk next to yours. this of the last few days a striking number emerged from the nation's classrooms, a survey from the southern education foundation reports that a majority of american public schoolchildren life in poverty. 51% of students attending

tell me what is on your mind by tweeting me at ali velshi. or fit me up on facebook. keep it >> you know how they say that everybody has a pupose in life? well at one time i felt that selling cocaine was my purpose. >> we was starving just looking for a way to succeed. >> the first time i seen rock cocaine was 1980. >> the murder rate was sky high... >> south of the 10 freway, was kind of a no man's land... >> ...you know... we're selling it to the blacks... so you go into these neighborhoods there's no cops, you can sell where you want, and when they start killing each other, nobody cares! >> i was going through like a million dollars worth of drugs just about every day. >> ...like gold... we can make a fortune... >> he was maybe the biggest guy in l.a. >> freeway rick was getting his dope from a very big operator... i think we're into something that's bigger than us... something we really can't deal with. >> they had been trafficking on behalf of the united states government. >> she could prove what she was saying... >> crack in the system here. >>> president obama'

from new york city please welcome aly viny! [cheers and applause] oh! [laughs] hi, aly. are you? >> i am so good. how are you? >> now, aly, what's up, see? >> what's up, terry crews? >> i heard that can rap.

exit jack ma is so revered every year, on ali day he marries employees and they have ali babies' photosthe wall of those born to employees. >> those new families can get a lower interest rate for their first payment on their new home. over the years, alibaba has also given birth to a whole new generation of chinese internet companies. former employees have helped start more than 145 new businesses. >> they have attracted people who believe they could do something different, individuals who were dreamers and felt they could change the chinese economy through alibaba. >> this close-knit culture has been a critical part of alibaba's identity and keeping it all in the family has helped the company grow into a global powerhouse with over 24,000 employees. that's more than facebook and yahoo! combined. >> for more on alibaba, betty liu spoke with joe sigh. topic number one, mobile. >> this shift to mobile is obviously two sides to the coin. on the monetization rate, it has been trending up over the last few quarters. the one thing to remember about mobile is we have now 200 62 5 -- 265 millio

. >> and we are joined by ali gorman. >> a local fertility cementer is hosting egg freezing parties. we'll take you inside one where women can freeze their biological clock and buy more time before starting a family. >> ducis rogers with flyers getting ready for a big road trip when "action news" continues tonight >> the investigation continues tonight into the trolley accident that claimed the life of a 2-year-oldch the little boy slipped out of mother's grip and into the pam of route 10 trolley. trolley driver tried to stop and could not. it happened 51 and lancaster. wetions say there was no way the trolley driver could have avoided hitting the boy. >> a day after atlantic city was dealt a blow with the revel sale falling a part. new numbers paint a less gloomy picture of the casino industry. gambling revenue with the 8 surviving casinos was up 19% last month expired you to a year ago. four casinos closed last >>> it was a dramatic day in texas courtroom. day two of the so-called american sniper murder trial. jurors saw dashcam video showed the suspect eddie ralph fleeing the scen

ali baba did recent drone tests in china. shares down 17% year to date. following amazon's lead the best move? >> i don't know necessarily that it's the best move. i understand why they're doing what they're doing. they wanted any kind of exposure they can. the ecosystem is all about mobile. everybody is talking about how they're going to grow and it's got to be in mobile. very small when you look at the actual dollar amount, 500 or $600 million to them is nothing. if you go back to the amazon example with fire, it did nothing -- >> no one. no one. this seems like all the worst parts of amazon. the fire -- >> all the regrets. >> maybe the tablet. remember they had that very brief flirtation with the tablet? those are all the parts of amazon that amazon could get away with because they are amaz amazon. >> right. >> one big difference, though, between these two companies. ali baba is in the business of -- amazon for all intents and purposes is a big logistics company too. they did $29 billion in sales in q 4. outstanding. the problem was they only made 220

for more on the numbers, "real money" averages ali velshi is withis ali velshi.started to talk about 200 and the last election the presidential election they talk about 250,000 jobs. we now saw 257,000 jobs added to the economy in january and as you know we get revisions to the prior two months. november and december add he 147,000 more -- added 147,000 more jobs than we initially thought. november's was 423,000 net new jobs added single highest monthly number suns 1997. the unemployment number went up to 5.7% but as you and i know we ignore this number. the number of jobs we add each month is the more important figure. we saw gains in january in retail, health care, financial services in manufacturing january's numbers show americans have more confidence to key expanding in 2015, after trean 2014, the best year of job growth in 15 years. >> you what about wages are they actually going up ali? >> i agree with you. that's far more important to focus on. if you dropped in from mars you would say hey that is going great. when you ask americans about this they won't disagree with you. up

reporter and registered nurse, ali gorman has more. >> reporter: just adding fiber to your diet could make a different, researchers in massachusetts followed 240 people and some were put on a diet and some were told to increase their fiber to 30 gram a day and each group lowered their blood and sugar levels but the high fiber diet is good for people that have a hard time sticking to a diet plan. >> not fiber added to a candy bar, but found in nature. we know that the different add ons don't actually help us with disease prevention, things like fruit and vegetables and whole grains and beans and -- >>> a combination of heart drugs could help boys with muscular dystrophy live longer. it shows it lowers the condition of heart failure, a leading cause of death with those with md, they test boys earlier, often the first signs are not picked up until the damage is done. >> also today it's part of the american culture binge watching a television series both president obama and former presidents have indulged in their favorite show, house of cards. >> it's about location, location location. >

what else is on the program tonight ali?>> six months after 18-year-old michael brown was shot and killed in ferguson, missouri, we are going to be talking to the town's sole black city councilman. we've heard about him a lot. the town was full of protest about, the fact that there'sing no elected officials james wayne, first national media appearance since michael brown's death. >> appreciate it ali great weekend to you. you can watch "real money with ali velshi." every weeknight. a boy his legos and a robotics kit. >> i was just playing with it hours and hours and hacking together. >> you won't believe awhat this teenage are invented and why it could change the lives of the visually impaired. plus remember technical extraordinary life of actor leonard nimoy. >> the san francisco bay area teen is using technology to help people with disabilities. he built a braille printer out of toys. now he is getting the backing of industry titans like intel. our you jacob ward has the information from silicon valley. >> this sets a whol

yes this is an indication that people who posed those figures behind the scenes are former president ali abdullah saleh. probably the mistake committed was that saleh had left the task to guard the residence of president hadi to the houthies, and the houthies are not capable of doing that, simply put. and there were those preaches of him to experience out of the presidential palace. we understand that some of the close entourage there was the execution of a plan to help him escape sanaa. >> thank you for that news out of yemen. the latest news to come to al jazeera the latest news to al jazeera about president hadi canceling all decrees and orders issued since september 21, and calling them illegitimate. he is he saying even though he resigned as president he's releasing a presidential statement as he is in charge. and he has moved to aden in the south, where his power base is. he has gotten out of sanaa and moved down there and released this statement just a few moments ago. we'll talk to the editor in chief of the yemeni post. he's in sanaa. what do you make of all of this? he's techni

>> ali is not in the room anymore but she would call that a diet detour. that will do it for "action news" at 4:00 i'm brian taff, we are back tonight for a full hour of "action news" at 10:00 on phl 17. >>> "action news" delaware valley's leading news program. with jaime apody, meteorologist, cecily tynan rick williams and monica malpass. >>> tuesday night and the late word is little elinor trotta is found safe in massachusetts. an amber alert was issued in newcastle county after authorities said she was taken by her father michael trotta. the amber alert was canceled after the little girl and her father was found. sara bloomquist is now at the police headquarters where a news conference will begin soon. >> we learn that michael trotta and his daughter 3-year-old elinor were found in massachusetts, the fbi tracked them down and you can see the podium behind me we are waiting for the full details but we are told that elinor is safe and the amber alert is canceled. shortly before 10:00 a.m. trotta assaulted the girl's mother and took the daughter from the h

ali one.i remember that. >> one of the most controversial moments in american sports. that is why these clubs are still together 50 years later. because of the controversies. >> they took the gloves, held onto them for 40 years. >> his nephew sold them to a collection a few years ago. stuart: i also collect dirt is putting them up for auction. >> they are opening up for bidding at 500,000. stuart: trying to work that out. >> well over a million dollars. stuart: okay. can i touch them? >> sure. they are made of a synthetic material on the inside. we have mohammed all these dna in their. [laughter] stuart: they are exactly the same. >> they were handmade. stuart: great condition. hey, look what i got. >> we got a call. a collector that owns them now. stuart: how do you tell them apart. i know justin. they have their names on them. the first bite when he was mohammed ali. >> that is right. stuart: show me that picture again, please. everybody knows that picture. i bet you get at least $1 million

was being shown across television channels in yemen, as well as some allies of the former regime of ali abdullah saleh. as you read, the statement saying that the power grab has torpedoed the political process here and that it's a grave escalation. also the u.n. special envoy issued a statement on the official facebook page in the last hour or so saying that this decision took him by surprise. he had declared just 48 hours before the announcement of this coup that things were actually moving forward and that there was reason for optimism. and they were due to meet today. saturday to finalize some sort of agreement. but by the houthies going along that shattered that peace process. >> jamal, what are we to take of the accusations that have been band bandied about that iran is pulling the strings behind all this? >> there is no question that the houthies are close to the iranian regime. how much that translates in terms of actual tangible support varies upon who you spook to. we know that there have been reports confirmed by some sources here in yemen that the iranians had delivered sever

ali is here now with more. >> tony, it is an uncomfortable question. i'm talking with kevin feinberg, he answers these questions all the time. general motors has retained him to compensate families of car crashes. massachusetts brought him in to help with victims of the boston marathon bombing. he was the master of the 9/11 compensation fund. in the case of 9/11, the families of victims received an average of $721 million. but that is an average. families of victims with low salaries got as little as $250,000. while families of highly-paid victims got $1.7 million. in the case of marathon bombing people who lost two limbs got $2.2 million. those who lost one limb, got $1 million less. we'll look at how these calculations are made. listen to what he tells me. >> one, what would the victim have earned over a lifetime of work? but for the tragedy? second add to that number some amount for pain and suffering of the victim, the emotional distress on the survivors equals a net number. that is the number that calculated. >> ali on tonight's show you're also a

ali is this a cause for concern or reason to celebrate? >> it's a good question.ould say caution is always a good idea but while we're not in the position we were in back in 2000 in terms of risk so there's a little bit of a reason to celebrate. the nasdaq rally is being lead by established companies with real businesses. back in 2000 they were just names that had dot-com at the end of them in some cases. today we have real businesses. some of the bubble was based on companies that had no earnings. here in 2015, look at apple stock, up 17% this year alone. amazon up even more. 24%. impressive gains are coming from biotech companies. so it's a lot broader than it used to be. today it rose less than half a percent to 4998. 5088 is the number we're looking for. so it's a little bit below that record close reached 15 years ago. >> ali is this a sign that the american economy is still improving, starting to get to that area -- >> sort of. >> yeah okay. >> it's more an issue of the fact that interest rates are as low as they are, so stocks and equities are really the in