trading commissioner bart chilton part thanks for joining me on this a lot of eyes were on c.n.n. today what took place in this meeting and what does it mean for us moving forward. well you know this cut that they had which was one point eight million barrels a day production cut they agreed to continue that through next march they're going to reassess it in january and see whether or not they want to go further out the next march they feel like it's working somewhat so to put this in perspective we use in this world about ninety six million barrels and change a day and we produce all of the the nations that produce oil about ninety seven million and change so we're still a little less than a million barrels a day more than we actually need and so this one point eight million production cut is trying to bring as you said you know the supply and demand more to balance and it seems to be working somewhat but the final thing that they think they looked at was that the international energy agency just a recently within the last several days has participate as an anticipated that deman

trade commissioner bart chilton who wrote the book ponza minium monium how scam artists are ripping off america part thanks for being here you know what is it about these disaster circumstances that they really bring scammers out of the woodwork. yes it does i mean this is a time when people are more vulnerable than they would normally be and therefore the scam stirrers think that they have easy prey and that people won't do the due diligence that they need to under normal circumstances and it is just a really sad circumstance and hopefully people will because of things like your show and others be more wary about what they do given these desperate times with the hurricane disasters but it's just amazing that it really does people end up driving down to impacted areas and taking advantage of people through a variety of different frauds and bart you know on the show we've been reporting this all along with your help about some of the price gouging that's been taking place you know ahead of hurricane irma florida's attorney general said she already received more than nine thousand complai

best in people in hard times but it also sees the worst scammers look to take advantage and are bart chilton tells us what to watch out for then market value oil demand goes up the gold goes down and the dollar strengthened we'll tell you why all that more in today's show so stand by boom bust starts right now. after seemingly unstoppable rallies world markets are pulling back some fearful a market correction is right around the corner the s. and p. is flattening out and equities markets in both asia and europe are yielding mixed results right now the markets could react to any number of developments in north korea disappointment from apple's i phone reveal or just a disappointing earnings report billionaire hedge fund founder leon kuperman said we could have a five to eight percent correction at any time but while many investment managers and analysts are on the same page as kuperman telling investors to brace themselves others believe that act alone will keep the market from correcting goldman sachs' strategist david kostin says with so many investors expecting a market correction that mea

trading commissioner bart chilton thank you. thanks. london regulator transport for london says riot share service is set to get its license pulled for conduct that is not quote fit and proper and quote the regulator says flouted proper proper public safety standards including a failure to report serious criminal offenses and a tendency to deceive regulators english workers unions and of course the city's black cab drivers who spend years memorizing london's maze of streets to pass the famed knowledge test have no love for these interlopers who undercut their business in london alone three point five million passengers use it and forty thousand who were drivers deliver them to their destinations labor mayor said the con was quick to endorse this decision saying that this is a technical decision that supports the spirit of the age while the independent workers' union of great britain's united private hire drivers brach say that these drivers face job loss and unmanageable vehicle related debt hoover says it's going to appeal during which

attorney commissioner bart chilton stand by us starts right now. the box over eighteenth new travel restrictions go into place for citizens of chad iran libya somalia syria and yemen also certain venezuelan government officials and their immediate families also north korea. on the day that trump's temporary ban on visitors from six muslim majority countries was set to expire ninety days after it went into effect he tweeted making america safe is my number one priority we will not admit those into our country we cannot safely vet this is after he read tweeted a white house statement and hand saying that in capabilities and processes for detecting attempted entry into the united states by terrorists or other public safety threat stating its intent there now new sanctions against north korea were signed on sunday and med and as collating war of words we've got updates on that now between trump and north korean leader kim jong un the trump administration has barred americans from traveling to the country after a u.s. student was sent home in a coma and

and that's now bart chilton thanks for being with here being here with me today bart as a banana regulator you were out there early and often as the first u.s. government official to talk public publicly about digital currency is and in two thousand and thirteen in called bitcoin a shadow currency that c f t c should regulate so clearly you have some strong feelings about digital currency as to what are your thoughts on the chinese decision to band trading on these digital currency exchanges. hey bianco well i think it was you know it's to some extent in evitable that this was going to happen to some place i'm a little surprised that it took place in china because of what you just reported about the large number of investors over there but that may be exactly why they ended up doing it so what i've been saying for years is that digital currencies have a place in our modern financial society and system but they need to be appropriately regulated not overzealous regulation and if they didn't if the enthusiasm for bitcoin and other digital currencies didn't embrace some sort of regulation tha

best in people in hard times but it also sees the worst scammers look to take advantage in our bart chilton tells us what to watch out for then market value oil demand goes up the gold goes down and the dollar strengthened we'll tell you why all that more in today's show so stand by boom bust starts right now. after seemingly unstoppable rallies world markets are pulling back some fearful a market correction is right around the corner the s. and p. is flattening out and equities markets in both asia and europe are yielding mixed results right now the markets could react to any number of development.

attorney commissioner bart chilton stand by us starts right now.

trade commissioner bart chilton and get his analysis of this impact and the omens related to opec's decision by us start right now. researchers at rice university and texas a and m. at galveston have spotted problems in the catastrophic flood danger maps used by the federal emergency management agency to predict areas with even a one percent per year chance of massive damage from rainfall it's known as a one hundred year flood classification the maps in question cover southeastern harris county which contains houston texas it's just one area which was ravaged when hurricane harvey crashed into the state last month seventy five percent of the land area damaged by previous storms there appeared to have been overlooked and therefore did not fall into the danger zone which means that those homeowners may not have bought special flood insurance as hurricanes increase in their frosty the federally backed national flood insurance program is nearly twenty five billion dollars in debt now in florida the aftermath of hurricane irma has faced more than one million residents in the forty eight counties

highs as opec's plan to cut oil production seems to be working for more on this let's turn to bart chilton former commissioner at the c.f. t.c. part nice to have you with us tonight always first of all the kurds have a lot of oil they do what does this mean this vote and they would they would have instant income if it goes their way what do you think well and you know the turkish president said that he could turn off the spigot because it's a pipeline that goes from northern iraq to through turkey that's about eighty five percent of their production which is about seven hundred thousand barrels a day and when we talk about opec who's cutting their production by one point eight million seven hundred thousand barrels is a nit pick and portion of that so it could impact prices now this production cut there's been cheating in the past doesn't appear that way now why not i think everybody really wanted to stick to it this time there you're absolutely right there has been cheating in the past but the monitoring committee reported to opec at large on friday in vienna and said there's got one hund

services or technology with north korea for more on this list on this executive order let's turn to bart chilton former commissioner of the c f t c bart nice to have you on tonight all right sanctions more sanctions now this executive order but we're running out of options one thing we never see in the means mainstream media is any results from these sanctions take us down this road the current sanctions in place are they having any kind of impact at all. well it's a little bit hard to tell on the ones that were just agreed to on september eleventh but as you said you know we've had sanctions many times and there's been nine different sanctions since two thousand and six on north korea due to their nuclear proliferation program so you know they haven't worked obviously in the aggregate whether or not the sanctions that they instituted just a couple of weeks ago that were heavily focused on energy imports and heavily focused on textiles other number one into areas of commerce remains to be seen we've seen a lot of gas lines in north korea but you know there's some thought that maybe that's just p

trading commissioner bart chilton lets us in on the fall out of north korea sanctions also that the new c.e.o. apologizes to london that's coming up all right should be interesting thanks so much lindsay but as it for now for more on the stories we've covered go to youtube dot com slash our to america also check out our web site r t dot com ports last america and you can follow me on twitter at natasha's tweets question more. for decades the american middle class has been railroaded by washington politics. big bloody. nose throw down a lot of boards that's how we use them in the culture in this country now that's where i come in. i bet. on our to you america i'll make sure you don't get railroaded you'll get the straight talk and the straight. people are spreading fake news like crazy these days not even realizing it not just evil trolls with bad intentions but people who believe they're trying to do good even people like chelsea clinton according to the washington free beacon she recently tweeted absolutely appalling michigan house passed a bill allowing e.m.t. easy to refuse treatment

trading commissioner bart chilton bart let's get right to the latest news what do you make of the recent developments in the declarations that the u.s. wants well the foreign minister is saying that you know we have essentially declared war on the north korea can shoot down bombers even if they're not over north korean air space but it's pretty troubling this back and forth bantering and war of words and you know if it were a reality television show and somebody was being kicked off an island or fired it might be mildly entertaining but we're talking about firing missiles in this case so it's deadly serious and you know the two just act to me both the pros both presidents seem to just tweet and talk and taunt like high school bullies and i don't see much diplomacy even in the offing so i'm concerned about it right you wouldn't be alone on that let's take a listen to some of the line items on these sanctions how about energy an oil well on energy and oil the u.n. put sanctions on earlier this month this is will be the previous time since. nine previous times i'm sorry since two thousand a

trade commissioner bart chilton joins me to talk about the surprising jobs report and much more by the bus start right now. as high water spreads from houston through texas and louisiana authorities are bracing for an inevitable wave of fraud and now the dirty details are coming out locals are stuck with at times four dollars ninety nine cents for regular gasoline at a location in mesquite texas and three dollars ninety nine cents for regular for forty nine for premium at another station at garland it's a predictable situation supply lines are slowed from storage facilities to refineries and on to gas stations there is a rush as well by customers to get those tanks filled the impact of harvey has production down at refineries by about seventeen percent this price gouging comes with a heavy penalty to gallagher's and as the misery continues you can expect more cases of this now according to the texas attorney general's office one convenience store in houston reportedly charged twenty dollars for a gallon of gas eight dollars fifty cents for a bottle of water and ninety nine dollars for

treasury commissioner bart chilton bar to help us break it down for us look at the future what do we think what do we think of these analysts they suggest there will not be any interest rate hike increase tomorrow but might they take some sort of action we can expect. ok lindsey yeah i think what they're probably going to do is announce some sort of getting rid of their big portfolio of four point five trillion dollars in u.s. securities these are securities that they bought in the wake of two thousand and eight after they had reduced interest rates in order to provide liquidity and some stimulus trying to fuel inject the economy which it did the recession could have even been worse but now they've got to get rid of those so they have to be careful in how they do it but we can probably expect them to at least lay out how they're going to go about that and hopefully it will take place without any big impact in market moves all right let's talk about those market moves given things like the record stock highs in recent days and other positive matter actually see which key data points w

attorney commissioner bart chilton breaks down what we might expect from the federal reserve's open market committee meeting and what its pronouncements mean for you and from the standby starts right now. the united states is running the highest trade deficit in more than eight years according to the commerce department it's up eight point five percent jumping to one hundred twenty three point one billion dollars that's up from a first quarter result of one hundred thirteen and a half billion it was the biggest deficit since the fourth quarter of two thousand and eight this is the broadest measure of u.s. trade and reflects in parts a drop in fines and penalties paid by foreign companies included in this metric is goods and services investment flows and other payments between the united states and the world though exports are getting a lift from a pick up in global growth and a drop in the value of the u.s. dollar against other currencies weaker dollar makes american products more competitive on foreign markets. and over to new york now where president trump made the debut on the united st

trade commissioner bart chilton joins me to talk about the surprising jobs report and much more by the bus start right now. up high water grads from houston through texas and louisiana authorities are bracing for the inevitable wave of fraud and now the dirty details are coming out locals are stuck with four dollar ninety nine cent gas for regular at a location and in misc heat texas and three dollars ninety nine cents for regular in other places and four dollars forty nine cents for premium both at a station in garland it's a predictable situation as supply lines are slowed from storage facilities and refineries to gas stations and there is a rush by customers to get those tanks filled the impact of harvey has production down at refineries by a minimum of seventeen percent. this price gouging comes with a heavy penalty to the gougers and as the misery continues you can expect more cases of this according to the texas attorney general's office one convenience store in houston reportedly charged twenty dollars a gallon for gasoline eight dollars fifty cents for a bottle of water and nin