lost their money there and then they won in the courts and got maybe five cents on the dollar barclays barclays perny made off. rules in effect that means you can jump in anytime you want. and the rest. of. that story resides in about fifteen different documents and until you put them all together you can't see the extraordinary narrative because this guy was picked up at his home by navy seals there was a huge fight at his home they took him to a navy seal's base. he was naked it was november he said i feel like i'm going to die and the inter gator said to him you're going to wish you were dead the medic watched as they worked him over and something called the romper room. then they took him to abu ghraib he said i can't breathe to the entry people but was not given a physical exam. the seals turned him over to the cia the cia took him into a shower room and they had the guards tires hands behind his back and they hoisted to mop. when you hang somebody backwards by their wrists to prevents the lungs from expanding and when you add to that broken ribs and a sandbag over his head that makes brea

lost their money there and then they won in the courts and got maybe five cents on the dollar barclays barclays bernie madoff. ukraine's military resumes its operations in the east with attacks on several cities after the president refused to extend a ceasefire which expired overnight. about the spot an intense diplomatic effort by europe and russia vladimir putin has revealed that president poroshenko has accepted full responsibility for the bloodshed in the east. also courses off the western oil industry seek to cash in on the bloodshed in iraq as the u.n. reports almost two and a half thousand people were killed in june amid the advance of islamist terrorists . and also this hour black water immersed in recent iraq threaten to kill u.s. officials sent to.

because they're all we're getting away with that why not why why fight it barclays bernie madoff barclays bernie madoff barclays bernie madoff for years they knew that made up was a scam. as you see one and there are three occasions and said this is a scam they finally blew up and everyone lost their money there and then they won in the courts and maybe five cents on the dollar barclays early may go barclays bernie madoff well i just might add of course that eric schneiderman their attorney general in new york is alleging they've done this they haven't been tried he is going to try them. they may just plead guilty and pay a fine but it's still an allegation it's not a determined cause but let's go back to what the bank of international settlements is saying about what this euphoria and this level of deception that people are conned into despite the euphoria in financial markets and investment remains weak instead of adding to productive capacity large firms prefer to buy back shares or engage in mergers and acquisitions and despite lack luster long term growth prospects debt continues to rise so they say over a

their money there and then they went into the courts and got maybe five cents on the dollar barclays. barclays perny made off. put it on your arm and watch the. face you know. pleasure to have you with us here on t.v. today i'm sure. one of the most despicable aspects of the. as military industrial complex is the outsourcing of the armed forces something the establishment quickly learned in the wake of the backlash of the vietnam war nowadays going to war doesn't even mean sending american military personnel as long as you can contract killers for hire with zero allegiance to any country or constitution that's exactly what we've seen that proliferate on the war on terror contractors from k.b.r. to dine our ship to war zones and usually kept there long after the last us troops as evident by iraq and afghanistan today but there's no other contractor firm more insanely corrupt and criminal than blackwater oh sorry to say but hot water i meant zia cademy actually that's in a poor effort to distance itself from its sordid war crimes and black market deals blackwater has changed its name three times

lost their money there and then they won in the courts and got maybe five cents on the dollar barclays. barclays purdy made off. with. well from now all the u.s. macro economic indicators are pointing up the question is whether or not the fundamentals of the u.s. economy are strong now calling rove spent several years at merrill lynch global wealth management and he is the founder of or cam financial group and a blogger at the finance site pragmatic capitalism dot com now column spoke to us about some of the problems he still sees despite the good numbers in the second part of our interview i asked him about inflation and if the excess reserves have led to the type of inflation that some analysts had feared here's what he had to say you know again i think this is you know we're in this sort of new paradigm here where you know we've we've had this huge explosion in the fed's balance sheet and i think a lot of people were working from a sort of defunct understanding of the way that that banking really works and you know what you see in a textbook model it is this understanding of the money multipl

their money there and then they went into the courts and got maybe five cents on the dollar barclays barclays premade. on marriage in the financial world. to see these developments have a nonstop exit exams only take it no to the credit not good good. in life there are good and there are bad. live.

their money there and then they went into courts and got maybe five cents on the dollar barclays bernie madoff barclays bernie madoff. on air and in the financial world. to see these developments i mean not stopping to see there is only taking no demand for credit not going to get any economic benefit in life there are and there are folks. hello there i'm marinating this is boom bust and these are some of the stories that we're tracking for you today. first up you can't hold a good city down or apparently a mediocre car manufacturer general motors had surprisingly robust sales in june despite record breaking recalls we look into how and why in today's headline story and professor darron us in mobile who is on the show as well darren is an expert in understanding how political and economic institutions can lead to economic success and we're getting his take on former treasury secretary the secretary timothy geithner's point of view you got it and in today's big deal edward harris and i are talking about the end will be i asked report and what it says about our current post prices monetary policy experim

their money there and then they won in the courts and got maybe five cents on the dollar barclays barely made off barclays perny made off. the plastic. over by the if you. did you know the price is the only industry specifically mention in the constitution and. that's because a free and open press is critical to our democracy shrek help us. grow. them again i'm sorry and on this show we reveal the big picture of what's actually going home to the world we go beyond identifying the problem to try to fix rational debate a real discussion critical issues facing our family members ready to join the movement then welcome to the big picture. though i'm tom arbonne in washington.

barclays has been facing. the numbers, investment banking dragging down first-half profit by some 7%. how worried are you about a slowdown in investment banking at barclays? >> good morning. i would have to agree with many of manus's comments about barclayseneral. we got some interesting numbers on the headline, revenue taking a bit of a hit. net profit taking a bit of a hit for the first half of the year. a point i would make about earnings overall, banks and the current climate, we've got the earnings reports themselves, and then we've got the second element, and that is news and updates on settlements and litigation proceedings both in europe and in the u.s. in the current climate, i think that is equally as important, if not more important, than the earnings. >> drilling into some of those new updated provisions, a 900 million the -- a 900 million pounds charge. the loan insurance, the young number -- is 900 million more than expected? for prettyproblem much everybody in the u.k. retail banking business. it is a big number, a surprise for many who have been following rbs, andwith barclays, other u.k. banks involved in selling these types of products to retail customers. we like to think that is a legacy issue. in the current stage of

money there and then they went into the courts and got maybe five cents on the dollar barclays bernie madoff barclays bernie madoff. suspect. it was like gold if you go did you know the price is the only industry specifically mention in the constitution and. that's because a free and open press is critical to our democracy shrek. will. never go on i'm sorry and on this show we reveal the picture of what's actually going on we go beyond identifying a problem to try rational debate and a real discussion critical issues facing america among them are ready to join the movement then welcome to the big city. though i'm tom arbonne in washington d.c. and here's what's coming up tonight the big picture. thanks to the doctrine of judicial review our democracy has become a constitutional monarchy the supreme court as chief sovereign so what can we do to restore the republic for and that would might happen tony in just a moment also pundits the mainstream media are saying that the hobby lobby ruling was limited but could it lead to an even more sweeping ruling on really religious liberty when they could legaliz

barclays? >> i'm not confident of that at all generally speaking in the industry. what i am confident in is that it's a journey. it's a long journey for barclaysits culture and part of our go-to bank strategy. there will be butches in the road and accidents and we're much more aggressively looking for these things throughout the company so from time to time we're going find those things. those things don't mean it's not working. it just means it's taking a long time, and we're going to keep at it, because we think it's the right thing to do and will be the differential for who want and those to trust us. >> thank you. now quickly breaking news we have coming out of the u.k. andy coulson has been sentenced to 18 months in prison accused of conspiring to hack the phones of celebrities. also a former aide to british -- more on that story coming up on "the pulse." back in two. ♪ >> welcome back to "the pulse." let's quickly recap some breaking news. former editor of news core and "news of the world" andy coulson has been sentenced to 18 months in prison for conspiring to hack the phones of celebrities and the royal family and a former aide of form

barclays center, is $180,000 all by itself. >> good burger. >> it's the best. i wanna see for myself if these contracts are actually a good investment. it says "brooklyn burger cheeseburger." >> both: "barclays signature prime beef." >> that's not barclayseef. >> it's ours. >> did you see that before? >> no. >> but see, these are the details that matter. we're spending $180,000 a year. as i walk around the stadium, i don't even see $18,000 worth of value. i see the batchagaloop burger. >> it's made with a brooklyn burger-- >> so they have a burger in here that's not called the brooklyn burger? that's a problem, right? the sports contracts that we have don't justify any sort of investment. i've made the decision to terminate all of the sports contracts, and save over $400,000 a year. we're gonna focus on selling these burgers in grocery stores around the country. look, i'm as enamored as you are by the glitz and the glam and the logos and all the fun stuff that goes with it. but at the end of the day, it's a business decision, right? >> correct. >> so it just doesn't-- although nice, the economics just don't work. >> and who gave you the p.o.? okay, let me check with frank and i'll get back to you. okay, bye. frank? >> yeah? >> you're st

barclays and credit suisse trading is dropped off ever since this allegation. let's go to hans nichols. what kind of taste is barclays really have here? -- what kind of case does barclaysin a way this was respected. they signaled they were to do this. surprise.massive when the attorney general of new york hits you with the kind of suit they were hit with, you expected their lawyers, especially when their stock has been clobbered, to respond. what we have seen with the dark pools over the last couple weeks, massive amounts of withdrawals coming out of them. legalway this is the stage of this fight, only in the second or third inning. there is a long way to go. >> in the meantime, we're seeing trading drop off in those dark. in with. hans nichols, thanks for the perspective. that wraps it up for "in the loop." tomorrow i will be joined by 's chief investment strategist could we will talk about how central banks are able to keep the markets quiet despite the turmoil in the middle east and ukraine. happy thursday, everybody. ♪ >> it is 56 minutes past the hour and a bloomberg television is "on the markets." i am scarlet fu. stocks are rising in tandem with stocks around th

barclays -- pain could be your gain? as barclays sees their volume drop?of the electronic trading systems are good for the markets and if you'd talk to institutional or retail investors you are able to institute things at levels and with an ease that was not possible 10 years ago so there are a lot of good things there. they have been abuses of the system. we worked hard to ensure that those abuses are durban out of the system. we worked hard on that. we will see how it develops over time. we continue to work closely with regulators on making sure that market is structured in a way that provides a fair playing field for everybody. more breaking news for you. earnings from the world's leading semi conductor ip supply . holdings. looks like it is in line. 17% increase in the second quarter sales. 16% for the first half of the year. it seems to be licensed design that is bringing in the money. up 42% year on year. are half of their business. selling the original idea of the design. licensing that design to a company such as apple and mobile phone device maker

barclays today. wow, i read it this morning said, oh, barclays upgraded ap from a hold to buy! here we go! and why? competitor samsung, potential upside surprise. >> buy, buy, buy! >> got apple moving up more than a buck to 96. but should it have? as i dug deeper, here's what i found. what if i told you that the same exact analyst downgraded the stock from buy to hold in february at $75.88? now it's to 96. what school did you go to? not the one i hope that gives a kid a gold star or an upgrade without taking into account a downgrade at a much lower level. not that long ago the market couldn't give away gilead, one of my favorites in biotech for the revolutionary hepatitis c cure, one of my four horsemen. i stuck by it. what do i know? dropped from 80, 70, 60, i didn't like it but i heard every major pharma player was working on a rival product and the insurance companies weren't going to pay for the drug's huge price target. the stock was pounded down to 65. people gave up on gilead. i was like, hey, i still like it, i still like it. what an idiot cramer is. wait a second. now it's at 90. you know

barclays are being targeted. findings point to problems at those institutions. to barclaysprofitability, it posted net income of $273 million last quarter h. overall, 7000 to be exact. that is company news. brilliant.ng was i'm glad you brought this to us. >> it caught my attention. brad smith is corporate counsel at microsoft. let me read you an excerpt of what he wrote in the wall street journal today. microsoft believes you own your e-mails that are stored in the cloud with the same protection as paper letters. that means the government must have a warrant, a war and cannot reach beyond u.s. shores and we store e-mails in ireland. -- your words, you e-mails are safe. i go holland, you are a shareholder. on the one hand, i want to go by microsoft because i feel like they are setting up for me. on the other hand -- standing up for me. on the other hand, do you really want to go against the u.s. government? --i'm not particular to we particularly concerned that everything i have out there is not available for people to read. i appreciate what they are the messut we are in w

barclay's are that it concealed the amount of high frequency predatory trading in its dark pool which is a private exchange it runs. and it's only used by people because they have confidence barclay's is keeping it safe. one part of the fraud is they consistently misrepresented the portion of the trades that were what they themselves defined as aggressive or even toxic. these are barclayrms from internal e-mails, trading and told customers it's less than 10%. in fact they were in communication with high frequency traders and give them more information than regular investors and a lot more was predty trading than they admitted. they also just issued a lot of promotional materials that were transparently false. with internal e-mails where there were other barclay's directors saying this is a scam, something they called the liquidity, checking trades and kick out people who were bad actors and too aggressive and never kicked one high frequency trader out of the pool and made the misrepresentations. >> that's the most disturbing part. there was no secret. they knew what they were doing was not truthful. and in your complaint you say it acknowledged it was taking liberties with the truth and the course of the financial crisis, don't you feel like that thing, taking liberties is base beingally part of the culture of the financial services sector at this point? >> well, if i

barclays bank here in the u.k. so this is the beginning of the revolution i think and i think this is the first movement. of the of the banking revolution somebody. in a barclays branch and i think we should have won the cars are important interview this man because he is a patriot well the billionaire class the top point zero one percent are very worried about the pitchforks nick hanauer who is an early investor in amazon and a billionaire he says the pitchforks are coming for us plutocrats and he starts off i see pitchforks which i reckon is that i see dead people of our day. well this guy nick hanauer he's trying to. stop me from sell yes i'm saying but other words he knows he deserved to be pitchforked he knows he's he deserves to get seen but he's trying to you know somehow make peace with those that will catch up with him and do what they did during the reign of terror remember the reign of terror they think was thirty five hundred banks to. were decapitated in paris up to forty thousand bank stores in france were were decapitated or got rid of during the post revolutionary cleansing of the banks stores of that era and this is where we're heading for now

barclay cards would be the stand out contributor. you've got profit up for barclay card, up 23%. you've got income up, so profits up 24%, income up 5%. so very positive. it's slightly ahead for the second quarter. it's slightly ahead of analyst forecasts. analyst forecasts say something like adjusted profits of 1.7 billion have come in at 1.9 billion. but this isn't a brilliant performance. thief hit by litigation, most notably this lawsuit that was meteed out by eric schneiderman, the u.s. attorney general, with serious allegations about fraud that barclay'sbattling in relation to its dark pool business. >> we'll come back to litigation. they're making progress, aren't they, pulling down or reducing the balance sheet, too. i'm quite interested in the revenue drop as far as the investment banking division to get a sense of what proportion of that is down to restructuring the business, making people redundant versus a decline in trading activity that we're seeing from some of the other banks. >> yeah, look, i think the transform program, which is the program that jenkins held after he took over from bob diamond, that has had a lot of costs associated. today, they've said they have the lowest head count in terms of the overall bank since 2007. remember, that was when they bought naeemens shortly after. so they've dropped a lot of people. 19,000 people have been announced as going. so let's of costs coming down. so shareholders will be pleased with that. the problem is, you haven't tackled the other thing which gets on share holdsers' nerves

barclays bank here in the u.k. so this is the beginning of the revolution i think i think this is the first movement. of the of the banking revolution somebody. in the barclays branch and i think we should have won the cars are important interview this man because he is a patriot well the billionaire class the top point zero one percent are very worried about the pitchforks nick hanauer who is an early investor in amazon and a billionaire he says the pitchforks are coming for us plutocrats and he starts off i see pitchforks which i reckon is that i see dead people of our day. well this guy nick hanauer he's trying to. starve themselves yes i'm saying i don't.

barclays, they started with just an equal weight. >> story of conflicting calls kind of, okay? go pro up 2.8%. so, barclays hits a target of 45 bucks, not much upside, but jpmorgan differs they start with an overweight and a $51 target. about a 20% increase from go pro's current trading price. more bullish. >> an underrated name, like under the under the radar name, materialize. where are they based? belgium. the university town is a provider of manufacturing software and 3-d printing, getting initiated to buy bbt capital markets. >> a great song by the spencer davis group, "give me some lovin'." >> really? >> no, 80 yard, a company that builds stuff with 3-d printing, this is real, a smoke dress and a fake knee for a cat. okay. >> everybody needs one of those. >> 3-d. me would yow meow. ing $19, almost a 50% increase, the stock is currently trading, ipo less than a month ago, the ticker there mtls. all right. let us go from street talk to talking numbers. today, we are talking visa, shares of the credit card company in the red after it lost a court ruling on friday that involves credit card fees, shares d

barclays bank here in the u.k. so this is the beginning of the revolution i think and i think this is the first movement. of the of the banking revolution somebody. in the barclays branch and i think we should have won because are important interview this ground because he is a patriot well the billionaire class the top point zero one percent are very worried about the pitchforks nick hanauer who is an early investor in amazon and a billionaire he says the pitchforks are coming for us plutocrats and he starts off i see pitchforks which i reckon is that i see dead people of our day. well this guy nick hanauer he's trying to. starve themselves yes i'm saying but other words he knows he deserved to be pitchforked he knows he's he deserves a good team but he's trying to you know somehow make peace with those that will catch up with him and do what they did during the reign of terror remember the reign of terror they say was thirty five hundred banks jurors were decapitated in paris up to forty thousand bank stores in france were words you capitated or got rid of during the post revolutionary cleansing of the banks stores of that era and this is where we're heading for no amazon is the middleman e-bay middlemen bankers middlemen that's the thing is this he sees it as the pitchforks coming revolution is coming when i look at these middlemen in these banks in these billionaire banks toure's and middlemen i see a pitchfork sticking out of their back already the revolution has already begun and it's called the block chain that is the equivalent of the battles of lexington and concord by the way and it's already begun we have cryptocurrency a block chain the. with ledger we have peer to peer financing we have crowd funding we have to pay some m. pay so we have all these things have already begun there they don't even know it though they call during the french revolutionary times to get in the national razor so what we're talking about here is that the block chain the core technology of crypto currencies is the global razor that all get rid of all the middlemen all of the amazons of the world the paper in the banks toure's all the people who stand in the middle like trolls and collect on necessary fees will meet the national razor that is crypto currency and blocking technology he's thinking in his piece in his editorial he writes that you know we have to change our policies and redistribution and all this kind of stuff that they the billionaire class has to do in order to avoid the revolution well let's look at this next headline the coming digital anarchy bitcoin is giving banks a run for their money now the same technology threatens to eradicate social networks stock markets even national governments are we heading towards an archaic future where centralized power of any kind will dissolve and in fact in that quote you said from thomas jefferson of course he starts off earlier about the anarchy in massachusetts from which the battles of lexington and concord began and here in the telegraph they're saying here we have this anarchy of a digital revolution right well bankers and lawyers insurance brokers they're in the business of trust so they charge a fee to make transactions happen between two parties multiple parties they are the intermediary they provide the trust a banker is providing the trust to allow for a company to go public for example through a syndicate of buyers during the initial public offering excedrin lawyers are the intermediaries in contract law if all of these things can be migrated to the block chain one one thousandth of the cost and you eliminate the need for a centralized trust hub to orchestrate these. then all those jobs all those white collar jobs are eliminated well all the authority in the middle man are eliminated whether it's government authorities or banking authorities and we need these men with a lot of power to be these authorities and yet the block chain removes all of that you know my job because you're right some of our jobs really it's about the authority the authority figures are are removed and you go from a hierarchical command controlled central. system as you have now even in the united states to an anarchist tick peripherally driven power generated from the masses system which we're heading toward presently with the crypto currency block technology and that's why this guy you know he's like the guy that just recently walked into mcdonald's in new york city with a knife in his back here's nick hanauer with a pitchfork in his back saying i see pitchforks looking in the mirror basically he's looking behind him as this this article points out about the blocked chain until recently we've needed central bodies banks stock markets governments police forces to settle vital questions who owns this money who controls this company who has the right to vote in this election and now because of the block chain we can eradicate all of that because now we have a small piece of pure incorruptible mathematics and shrines in computer code that will allow people to solve the thorniest problems without reference to the authorities by by put a pitchfork in yourself and get out. of the title insurance to put on the block you don't need when you're buying property overseas you don't need to do a title search it's all there in the block chain so again all of this information is decentralized and all of the machinations of banking whether it's securities or deposits except that they can all be moved over to the block chain to get rid of all these authoritarians that have totally corrupted the system they've brought it on them so by becoming corrupt and so as a corrupt authoritarian is that run the city of london and wall street around the world are now going to be blown away. we've seen it with the currency aspect of bitcoin and he mentions of course in cyprus and the fact that if national currencies can fall victim to a chain reaction erosion of faith why should a new currency not ric's perience the same phenomenon in reverse so he's saying we have this collapse of faith in the cyprus banking system and in reverse it was a new faith in the block chain. currency aspect so it probably watches the show because of the cyprus went through the bail in process and bitcoin went from forty dollars to two hundred fifty dollars we were pointing out that this was a loss of faith in driving the adoption of bitcoin the ball garion bank runs are now driving another huge wave of adoption as banks collapses h.s.b.c. barclays royal bank of scotland and lloyds are proving to be insolvent and they're going to introduce balance probably in this country in the u.k. there'll be a huge adoption of bitcoin and other cryptocurrency like max going like start calling in the whole board of kryptos you know thomas jefferson had said the blood of tyrants shit you know movie fresh democracy well instead of. the violent bloody revolution that we have we could have with the liquid democracy they call it not only could you put your elections on the block chain but you could have never ending referenda so every every week we wait for the guys in the dispatch boxes in the you know prime minister's questions to answer questions and act as the authority whereas we could all every single we could be there every he and resident and citizen of the world could be in our parliaments can be in our congress can be in the senate and and making our voices heard on the block well plus i think it's something like facebook is in trouble b

barclays dark pool months before the attorney general eric snyderman sued the bank in june. he's accused barclays of giving high-speed traders an unfair advantage even though it promised investors it would be safe from predatory traders. the wall street journal says big trading firms noticed they weren't getting the best treatment likely because of high-speed trading. barclays is expected to respond to the lawsuit this week. right now the shares are trading down 1.3% in the u.k. market. >>> it was four years ago today that dodd frank u.s. reform bill was signed into place by president obama. 190 rules have yet to be finalized and many of the deadline requirements have been missed. republicans on the house financial services committee are releasing a new report today critical of the law. they say dodd frank has failed to end the prospect of government bailouts of big financial firmses aer ba s a e negotiation they are too big to fail. >>> and we are seeing consent in the european markets filtering in. right now the s&p 500 is down by 4.5 points and the dow jones is 35 points lower and the nasdaq is five points lower. we'll be talking ukraine and russia after the break. stay with us. developers are all about speeds and feeds. it's all about latency. it's all about how fast does it run. i often sit with enterprises who ask me about how mission critical and how

barclays is upgrading the stock saying it seems like tim cook has solidified his strategy. he has won back the confidence of shareholders. do you believe that and do you slough off this? >> barclayses the stock and upgrades it after the stock has gone up 20% year-to-date. what a shock, do it after, not on january 1st. having said that the markets anticipating this new iphone 6 will do phenomenally well. anything that delays, into 2015 will have a significant effect on its earnings. melissa: yeah. >> we have to be careful here. melissa: kyle, who benefits if the delay happens? who would you look at to benefit from that. >> when you look at, these purchases, i think that this apparently what he just highlighted is true. you go to iphone 6, this is supposed to be significantly better than the other but i definitely think that, you know, users will take time to purchase the iphone 6. so it benefits people right now that maybe don't have the fund to purchase these products. melissa: so apple may be in the green. one of the most popular products could be turning your skin red. have you heard about this? an of rashes are linked to nickel found in ipads. in other tech devices to be fair.

barclay's is looking to sell off its natural resources investments unit and is reportedly helping phaser to offload the division. it could rally the 8-year-old portfolio at nearly $11.4 billion. shares in barclay's trading lower in the market session today. >>> india's finance minister suggests the company is facing a tougher fiscal situation than previously thought. the finance minister is predicting gdp growth at 5.9% year on year in 2014 and 2015. we're joined now by lassa with all the details. >> this xhikts the economic selby which is released on the budget. the new government with its first budget tomorrow. >> gdp growth is likely to be between 5.4% and 5.9%, more likely to be at the lower end of the range. 5.9% is way out of walk. most of the economists have received 5. 1%. but xkly there are more important indications. there are statements that a fiscal responsibility act is needed and that act needs more teeth, which means that the fiscal deficit that will be announced tomorrow in hopefully below the provision fiscal deficit number is 4.1% of the gdp is very difficult for the new government to stick to that because they had to do some thinking from the previous government unsafe bills.