since 2008 and our next guest thinks there's something the government should do let's bring in bart chiltoncommissioner at u.s. futures commodity trading commission and fox business exclusive great to see you again bart first of all. a lot of people come up to me and say you know, i bet that the government is going to try to do something to upset an expected pullback. the market was for months now they've said it would be even a healthy thing if the market pulled back as it has, about 10% the worst thing that we could do because de regulation is in the economy right now is to try to re-regulate the market to which you say what? >> well, i mean i'm not suggesting, david, that we should, you know, get rid of volatility in markets. i mean volatility is part of markets and i've been calling for a correction for months and months. i was almost embarrassed it had taken so long but i'm not sure that anybody present company included expected it to happen so fast and so furiously, so all i'm suggesting is that perhaps the exchanges and the regulators look at things like the circuit breakers make sur

you commissioner bart chilton host of boom bust here on r.t. america. in the one nine hundred thirty s. when jewish academics were being dismissed from teaching positions in germany and austria some came to the united states looking for work but jobs were scarce during the depression here african-americans were persecuted what became known as the historically black colleges and universities and ruled students unwelcome at predominantly white schools and those jewish professors found the black college environment comfortable and accepting in eight hundred thirty eight historically white georgetown university sold two hundred seventy two slaves to pay the university's debts for which georgetown formally apologized last year to their descendants among them our next guest now the director of special projects at the new orleans city council sandra green thomas welcome good evening it's a pleasure to be here again how did it feel to be in that room that day at georgetown. you know i felt a tremendous amount of responsibility when i stood up at the podium and

this is but broadcasting around the world i'm bart chilton thanks for joining us and coming up in our last edition we spoke about our surveillance society today we asked the question who is making the money off of that surveillance and we talk about oil and gasoline prices with shawn heinemann of the logical investor newsletter and as those in for marshall say but wait there's more back by your popular demand we have a double installment of my interview with the bit coin queen of switzerland all dispelled weiner but first let's get this would have lines. yesterday. we reported and discussed in detail some exotic financial products that some say have caused problems in markets but credit suisse which offers some such products including one which lost more than ninety eight percent of its value earlier this month overnight and is being closed down defends the category of exotic exchange products e.t.p. s. and regulators appear to be investigating the volatile trading of the product including leveraged and inversed piece and the underlying volatility index the fear index they call it the

this is boom bust broadcasting around the world i'm bart chilton we're still in our new york studio here coming up we sit down with fred hofmann to talk about food programs and how we can gain food. plus then we'll be joined by rebecca ray to discuss the relationship between china and latin america and how chinese investment has grown in the region and then we check out how just one tweet managed to wipe out more than a billion dollars from a stock now let's get to today's headlines. the greek parliament has voted to create a special committee to investigate accusations that a that ten level high level politicians have accepted bribes between two thousand and six and two thousand and fifteen from the swiss corporation novartis in order to enable price gouging and increased market access the accused include the current governor of greek central bank and two former prime ministers current from prime minister alexis tsipras called the case one of the biggest scandals in the country's modern history under greek law prosecutors must actually refer the cases involving politicians to the parlia

i'm bart chilton coming up we asked danielle de martino to give us her view ahead of the new federal reserve chairman jay powell testimony before congress and she helps us examine inflation and tells us just when she thinks interest rates will rise plus crypto currencies are increasing we'll check in with jeffrey tucker on what's going on and what to expect all of that in our near term future but first let's get some headlines a proposal to allow chinese president jiang jinping to remain in power past twenty twenty three is being considered the chinese constitution currently prohibits presidents from serving more than two terms of five years each the proposal by the communist party's central committee comprised of two hundred members is holding a three day meeting these days meeting to approve the presidential cabinet the central committee's recommendations are usually rubber stamped and approved by. the u.k. opposition leader jeremy corbyn of labor has come out in favor of remaining in the customs union that's a cooperative trading relationship with members of the european union how

makes it secure and so he's got now bitcoin one zero one again but i remember the regulators like bart chilton who looked at the server market it was given ironclad evidence of manipulation and somehow he overlooked that and somehow didn't call time on that scam later we found out that the market was being manipulated but by the time he was gone so this guy be thrown to the wolves i mean you know the force of the banking industry jamie dimon is not going to go away just because some regulators you know sway is singing a sweet song you know i don't think jamie dimon is hiding under his bed you know he's reloading you know this fight is going to be ramped up this is not going away it's important to note for those out there the rest the world who might not know understand american regulation system c f.t.c. is basically regulating commodities and futures markets out of chicago is the primary center for that s.b.c. is you think of wall street and even though they cover the whole u.s. you know it's mostly wall street and wall street banks so the f.c.c. guy steps forward with his he also says disemb

makes it secure and so now bitcoin one o one again but you know i remember the regulators like bart chilton who looked at the server market it was given ironclad evidence of manipulation and somehow he overlooked that and somehow didn't call time on that scam later we found out that the market was being manipulated but by the time he was gone so will this guy be thrown to the wolves i mean you know the force of the banking industry jamie dime is not going to go away just because some regulators you know sway is singing a sweet song you know i don't think jamie dimon is hiding under his bed you know he's reloading you know this fight is going to be ramped up this is not going away it's important to note for those out there in the rest of world who might not know understand the american regulation system c f t c is basically regulating commodities and futures markets out of chicago is the primary center for that s.b.c. is you think of wall street and even though they cover the whole u.s. you know it's mostly wall street and wall street banks so the f.c.c. guy steps forward with his he also sa

this is boom bust broadcasting around the world bart chilton thanks for joining us coming up there's a new type of safety deposit box and it could change everything about how we nor some of our valuables alex mahela bitch filled us in on the newest innovation and we speak with victor matheson about be a libyan competitors and how the money fits into what they do plus my interview with n.g.k. harry the president and c.e.o. of first technology about an extremely efficient and effective effort to last solid foundation for the future of many people in the developing world all of that and more bust first let's get some headlines. royal dutch shell is immersed in the largest energy related scandal ever the billion dollar bribery investigation involves a questionable one point three billion dollars payment and wire taps of shell executives and italy's state backed oil company according to the italian prosecutor the issue surrounds an toward agreement between shell officials and senior any executives that shell would actually pay any but the payment would be funneled to another company contr

this is boom bust broadcasting around the world bart chilton thanks for joining us coming up there's a new type of safety deposit box and it could change everything about how we nor some of our valuables alex mahela bitch fills us in on the newest innovation and we speak with victor matheson about the a libyan competitors and how money fits into what they do plus my interview with n.g.k. harry the president and c.e.o. of youth first technology about extremely efficient and effective effort to last college tech foundation for the future of many people in the developing world all of that and more is bust first let's get some headlines. royal dutch shell is immersed in the largest energy related scandal ever the billion dollar bribery investigation involves a questionable one point three billion dollars payment and wire taps of shell executives and italy's state backed oil company according to the italian prosecutor the issue surrounds an untoward agreement between shell officials and senior any executives that shell would actually pay any but the payment would be funneled to another co

this is a boom bust broadcasting around the world on bart chilton thanks for joining us coming up there's a new type of safety deposit box and it could change everything about how we nor some of our valuables alex mahela bitch filled us in on the newest innovation and we speak with victor matheson about the a libyan competitors and how money fits into what they do plus my interview with n.g.k. perry the president and c.e.o. of first technology about an extremely efficient and effective effort to last solid foundation for the future of many people in the developing world all of that and more bust first let's get some headlines. royal dutch shell is immersed in the largest energy related scandal ever the billion dollar bribery investigation involves a questionable one point three billion dollars payment and wire taps of shell executives and italy's state backed oil company according to the italian prosecutor the issue surrounds an toward agreement between shell officials and senior any executives that shell would actually pay any but the payment would be funneled to another company controll

i'm bart chilton. president trump touts the need for a major infrastructure program in his state of the union speech last evening actually banks gives us some details on the actual need as it relates to our nation's bridges and the federal reserve's open markets committee concluded their two day meeting a little while ago danielle de martino booth fills us in plus we'll speak with an exchange executive ilias ski's about markets and cutting edge offering including crypto currency and we'll talk with joshua young the founder of young capital management about the largest tax and highest of digital currency ever now let's get to it starting with the state of the union and infrastructure. donald trump's first state of the union address was went off without a hitch he read from a teleprompter and he did so deliberately and like a pro a major component of the speech was this call for congress to pass an infrastructure bill to assist in repairing replacing our crumbling roads bridges rail airports and waterway

blatantly in front of the face of regulators like silver was a bar children before this guy was bart chilton got was given air fuel evidence and a sam didn't seem to see what was right in front of his face so you know there's seems to be a conflict here am i wrong look incentives matter did i just lose half your clients are going to not i mean look i talk about this stuff too and and the reality is it centers matter and people do with their incentive to do and you know j.p. morgan had a lot of short gold and silver positions and they need someone to take their side so boom we get an e.t.f. long goal but that is seemingly going to happen here in big coin and blocking related crypto related assets and it's a process we're still very young people want to know but which inning we're in when you started the game well i can pre-game warm ups all right and you see chairman clayton there taking a more group i think aggressive. as i.c.'s you know they should i've been in business for thirty years i start a wall street you know they all the i.c.a.o. survey look like offerings and offerings are regulat

is boom bust broadcasting around the world this time we're coming to you from new york city i'm bart chilton and straight up in the discussions today we've got a quick look at around the globe with trinity charges who looks at housing prices all around the world and speaking of going around the world we're going to be joined by danielle de martino booth the author of that up why the federal reserve is bad for america for a look at what central banks are doing around the world plus we catch up with boris still b.s.t. to talk about international markets but before we dive into all that let's get to take a look at the top stories in today's headlines. earlier this week we reported on the rebound of many mining companies primarily due to the increasing price of cobol and nickel the minerals are mainly mined in the republic of congo and used in batteries cobalt has been trading above eighty thousand dollars per metric ton which is more than triple the price in the past eighteen months well now apple incorporated one of the largest and users for these minerals for the first time is seeking to go a

i'm bart chilton. markets continue their curious correction with the dow dropping dramatically over eleven hundred points and that's yet again after friday's six hundred sixty point selloff and today we'll focus on energy with the assistance of ashley banks energy an oil trader david greene bird and solar c.e.o. campanella plus tyson slocum the director of public citizens energy program joins us were packed tighter that is justin timberlake march fifth so let's get to it first with some headlines the federal government is headed for yet another shutdown on friday at twelve o one am with no sign of compromise on the issue of the doco dreamer's or on immigration or anything else there is talk on the hill of yet another short term c.r. a continuing resolution to keep the government open and with regard to the dreamers unless congress takes some action roughly seven hundred eighty thousand dreamers face deportee. haitian on march fifth and a related news the government's debt limit will be reached in early

i'm bart chilton. president trump touts the need for a major infrastructure program in his state of the union speech last evening actually banks gives us some details on the actual need as it relates to our nation's bridges and the federal reserve's open markets committee concluded their two day meeting a little while ago danielle de martino booth fills us in plus we'll speak with an exchange executive ilias ski's about markets and cutting edge offerings including cryptocurrency s. and we'll talk with joshua young the founder of young capital management about the largest attack and heis of digital currencies ever now let's get to it starting with the state of the union and infrastructure. donald trump's first state of the union address was went off without a hitch he read from a teleprompter and he did so deliberately and like a pro a major component of the speech was this call for congress to pass an infrastructure bill to assist in repairing replacing our crumbling roads bridges rail airports and wat

i'm bart chilton coming off the winter olympics has begun in south korea will talk about the economics of the olympics with alex the haleigh bitch and with professor brad humphries and will discuss worker wages and focus in on a new rule proposed by the department of labor that has many workers worried plus first let's get to some headlines. nearly all global stock markets from asia to europe had a down day friday following yesterday's one thousand point drop in the dow jones industrial average and for most of the day u.s. markets moved up and down around where they closed yesterday and we are officially in the u.s. markets ten percent below market highs last month which mean we're in correction territory markets which move down twenty percent or more are said to be in bear territory we have the specific numbers at the break. european banking sector has made positive progress based upon italian german and french institutions which have reported better than expected earnings reports battered by bad loans and low interest rates european banks have made little progress in the last decade

times bart chilton coming off the winter olympics has begun in south korea will talk about the economics of the olympics with alex the haleigh bitch and with professor brad humphries and will discuss worker wages and focus in on a new rule proposed by the department of labor that has many workers worried plus first let's get to some headlines. nearly all global stock markets from asia to europe had a down day friday following yesterday's one thousand point drop in the dow jones industrial average and for most of the day u.s. markets moved up and down around where they closed yesterday and we are officially in the u.s. markets ten percent below market highs last month which mean we're in correction territory markets which move down twenty percent or more are said to be in bear territory we have the specific numbers at the break. european banking sector has made positive progress based upon italian german and french institutions which have reported better than expected earnings reports battered by bad loans and low interest rates european banks have made little progress in the last decade

official bart chilton i think you are joining us pleasure to be with you guys always it's always a pleasure talking to you and i want to start look if the structure is sexy you know we've heard that sort of million times but what is sexy in us society whether we like it or not as money. but we're not making money without proper infrastructure you can't do that both are tied together but you know explained to the viewers of us you know how are how is infrastructure and money in the making of money and all that tied together like why does that you know why is one so dependent of a lot of it's what to have of just reporting it's about the interrelationship between how we get from our homes to our businesses and how businesses transport products from one place to another and we've got a pretty decent blueprint for our transportation structure but as you're reporting it's all faltering and it's not just a a nicety that we should improve it will make our the economic engine of our democracy much better if we do these things we will be more efficient we will be more effective will be more competit

i'm bart chilton coming off the winter olympics has begun in south korea will talk about the economics of the olympics with alex the haleigh bitch and with professor brett humphries and will discuss worker wages and focus in on a new role proposed by the department of labor that has many workers worried plus first let's get to some headlines. nearly all global stock markets from asia to europe had a down day friday following yesterday's one thousand points. drop in the dow jones industrial average and for most of the day u.s. markets moved up and down around where they closed yesterday and we are officially in u.s. markets ten percent below market highs last month which mean we're in correction territory markets which move down twenty percent or more are said to be in bear territory we'll have the specific numbers at the break. european banking sector has made positive progress based upon italian german and french institutions which have reported better than expected earnings reports battered by bad loans and low interest rates european banks have made little progress in the last decad

i'm bart chilton. president trump touts the need for a major infrastructure program in his state of the union speech last evening actually banks gives us some details on the actual need as it relates to our nation's bridges and the federal reserve's open markets committee concluded their two day meeting a little while ago danielle de martino booth fills us in plus we'll speak with an exchange executive ilias about markets and cutting edge offering including cryptocurrency s. and we'll talk with joshua young the founder of young capital management about the largest attack and hice of digital currencies ever now let's get to it starting with the state of the union and infrastructure. donald trump's first state of the union address was went off without a hitch he read from a teleprompter and he did so deliberately and like a pro a major component of the speech was this call for congress to pass an infrastructure bill to assist in repairing replacing our crumbling roads bridges rail airports and waterways

belly of the beast i'm bart chilton. coming up the december jobs report is out we'll dig into the numbers with danielle de mark you know and today we are joined by a qadri of our t. america correspondents and focus on housing both here in the states and around the world plus we'll talk the economics of sports and particularly this weekend's super bowl between the new england patriots and the philadelphia eagles there's a lot to get to today but first let's hit some business headlines pretty hard and fast the what i call aaa stocks apple amazon and alpha but quarterly earnings reports are out and we start with as i promised just today with apple's q four overall revenues which grew by eighty eight billion dollars or thirteen percent amazingly apple's two thousand and seventeen net profits were twenty billion dollars that's the first time apple has reached that large level of note today apple stocks tumbled dropping the most in two months two thirds of apple's revenues are based upon me i phone x. sales although some have

i'm bart chilton. coming up we'll talk markets in the wake of recent meltdowns both asian european and u.s. markets to worry for which and melissa are most join us to discuss now let's get to the stories topping today's headlines the trump interior department is announce their latest attempt to repeal a rule that prevents emissions of methane an extremely potent greenhouse gas by oil and gas corporations operating on federal lands the bureau of land management b.l.m. within the interior department has estimated that the rule could prevent one hundred eighty thousand ton.

i'm bart chilton. coming up we'll talk to the markets in the wake of recent meltdowns both asian european and u.s. markets hillary for which and melissa are most joining us to discuss now let's get to the stories topping today's headlines the trump interior department is announce their latest attempt to repeal a rule that prevents emissions of methane an extremely potent greenhouse gas by oil and gas corporations operating on federal lands the bureau of land management b.l.m. within the interior department has estimated that the rule could prevent one hundred eighty thousand tons of methane emissions from going into the atmosphere every year that reduction in greenhouse pollution would have the same effect as taking nine hundred fifty thousand cars off the road methane is twenty five times more powerful than carbon dioxide as a greenhouse gas and about a third of all u.s. methane emissions are caused by oil and gas operations interior first two attempts to repeal face continued court challenges the lat

for more on all of this, we'll bring in bart chilton.appy valentine's day, bart let's talk about the allegations because they are incredibly serious. whistle-blower saying that they had some insights into market manipulation, traders manipulating the volatility index which sparked the entire selloff that we saw this month what do you think about those allegations? >> well, and the important thing about it, it's certainly the vix, the fear gauge, which is an important thing, but it's the related financial products, too, becky. so many things are based upon the vix, other products that there's contagion really quickly. cboe, chicago board options exchange generally does a good job. the vix has been suspect for at least seven years, people have been concerned about prices being pushed around, although there's never been, you know, any hard evidence. there's been a couple of traders. last year there was two traders that were buying bass of violations related to trying to push prices around with the vix, but it rings true to me, you know, i d

leveraging into the system to protect the investor >> joining us to discuss these concerns is bart chiltonmissioners of the commodities future trading commission. good to see you again. >> good to see you it's not right, michelle, i know you don't like regulation -- >> let me introduce you to the audience we've known each other for 20 years. if something exists, you want to regulate it, right, so you've got to be dying to regulate these things >> what i was going to say i want to regulate your hours. you're on "squawk" this morning and here now there are overtime rules michelle even though you don't like rules >> do you think we should regulate leveraged etns, former commissioner chilton >> yes i swear to god there is somebody that just called me in the green room, actually, they lost their life savings on one of these, the ultra low etfs, the inverse ultra low etf. >> etf or etn? >> it's actually an etf. i know there's problems with the etns all of the etp products, exchange traded products i think, the general funds are okay, that are based upon the s&p index, et cetera, but some of thes