convention i'm jim packet i'm the founder and director of the basel action network basel action network if it's crazy name from united nations convention about trying to help developing countries protect themselves from hazardous waste dumping by rich developed countries it was unique in that it's an environmental treaty which was driven and basically authored by developing countries and extremely important it gets ratified particularly by the countries that it needs to apply to the most the highest ways producing countries in the united states per capita produces the most ways to be any country in the world. over one hundred seventy parties all of the european union australia canada japan etc are all parties to it but the united states refuses to ratify it and there's only two countries in the world that signed it in basel switzerland when it was first adopted that never ratified it that's one thing . and the united states. it's a big mistake to presume that guyana is the extent of the problem gonnet is easily accessible you get off an airplane with your hammer you go there and twenty

anna: now we know the impact of basel 4.e is there to bring down the capital level and to distribute more? dividendsyeah, so our policy is to distribute 50% of and to consider additional distributions over the 50% within our capital range. 17.5% to 18.5%, quite high for the sector, but it reflects caution around the impact of basel 4, which is the new capital rules. really well-placed within that range. theill be looking hard at prospect of additional distributions towards the end of the year. clearly, any returns over and above the 50% will still leave us. we want to be within our target range. but we see the prospect of a gradual improving return to shareholders in the form of cash over time. manus: can i circle back to strategies? it will be about what you're doing at the investment bank, so g a little bit deeper. what will be the best and most profitable product? who are you in the investment banking space? what is your least profitable area that will suffer the most blow? clifford: so we are in the corporate bank. corpo

. >> this makes my blood boil and basel can identify with this.te staffer, senate leadership staffer. there's a high hill for folks like us to climb. there's a lot to prove. so to have someone like omarosa on tv degrading and minimizing the experience of african-americans in government and telling that story and having that be the narrative that's out there when you have people -- people on your airwaves all the time by the way, like heather mcghee, angela rye, people who have fought and scraped for credibility, to have omarosa be the face of that is infuriating to me. >> basil? >> i agree with that. i have been in politics for 20 years. the subterfuge in taping my bosses, that wouldn't have occurred to me. i wouldn't work in this business again and be taken seriously. it does bother me number one, that she would do this and use it as an attempt to get back in the good graces of those who have been in the fight for a long time. suppose we hear that the president used the "n" word it's not a surprise to me or other people out there. will she be an

right wing populous countries that is something that is quite clear here barbara thank you barbara basell there in vienna. right wing groups here in germany her again expected to take to the streets of the eastern city of camden today some twenty people were injured earlier in the week when around seven thousand protesters many of them for right now finalists clashed with left wing demonstrators after a man was stabbed to death here's a look at what life is like for residents of chemist's where violence and hatred of foreigners has dominated the headlines for days a snapshot of daily life in chemists to look cool runs a cafe in an art center it's a bit of an ivory tower he says here things are fine. but he also knows the city has a problem with right wing radicals. we don't see marauding bands of murderous nazis in the streets every day but things happen and the instrumental lies it and use it as a pretext to whip up a crowd. last sunday eight hundred took to the streets in response to the killing of a man the night before on monday the far right scene mobilized about five thousand demons

she is facing dissension at home and a stubborn stance by brussels, which has rejected her latest basel. we are starting to look at the possibility that the u.k. might leave the eu without planet, that would be catastrophic. be a new strategy by the british prime minister to bypass the commission and go to the heads of government. they want to ask for further backing. anchor: it could be quite an uphill task. still french president is trying to deal with the fallout of the scandal, this bodyguard was filmed assaulting a protester and impersonating a police officer. recent polls found that his popularity is at its lowest since he became president, just a 27% approval rating. said thespondents scandal had negatively changed their perception. the president is at a 27% rating. that is better than his predecessors at the same time. it's worth noting that another poll which came out said his popularity was on a slight upswing. polls are not an exact science and -- science. zimbabwe, he has been declared the winner of the election. >> it's being treated very differently on which media you look

back with me, sher michael singleton and basel schmeichel. the struggle is?real. >> would you advocate voting for a democrat? >> absolutely, i agree with everything that was written in that column. >> really? >> yes. i'll tell you why. there is a reason there is a separation of brar separation of branches. we do not have a king in the white house, although donald trump would like to see himself as one. >> some leaders of certain committees in the house believe there is a king? >> again, that is a problematic. there is a naacp poll released i believe this past tuesday that indicated, and they looked at 61 competitive districts that indicated an overwhelming majority of african-americans, hispanics and asia americans belief the president is inciting race relations. you thought ohio 12 was competitive. imagine the direction of many of those districts. it's not going to look good for republicans. so i agree. it's worth risk losing the house, i would say, and maintaining the senate so that there can be that check on the white house, which is what the founding fath

own people. >> pelley: basel termanini is vice president of the syrian- american medical society. he's a gastroenterologist in steubenville, ohio. he told us that the society donated 120 ambulances, pays the salaries of more than 2,000 syrian staff, equips 135 medical facilities and is building more. >> termanini: there have been more than 500 attacks on health care facilities. and we have more than 800 casualties from the staff. so we're trying to move all those facilities underground. >> pelley: did you say 800 medical professionals have been killed in attacks on hospitals? >> termanini: yes. more than 800. i think now it's, the latest is 850. there are attacks on hospitals. the people are detained, tortured to death. there are shellings also, mostly air strikes and barrel bombs. this is number one killer for the health staff. >> pelley: who are some of the men and women who work with you inside syria? >> termanini: those are our heroes. they know the risk in their lives, every day risking their family's life. but they know if they migrate and go out, nobody is willing to provid

flying to basel and taking a turn from it is suspected they met extremists at a mosque. a week later, they and another went to brussels. we have seen evidencehaes satty was regularly traveling back and forth from spain to belgium. he had been there in early 2016 to preach at this mosque. a belgian police officer concerne the barcelona police officer, but the message was only shared informally. >> it was actually real lack of information. first of all, on the belgian level, but it was also clear that there was a lack of information exchanged between the catalan police and the federal spain place. fourn: in april 2017, months before the barcelona attacks, 8 men, seven of moroccan descent, were arrested in and around barcelon connected to the brussels attack. we were told there were phone contacts between members of the barcelona cell and at least one person ithe u.k. that person is part of an ongoing active investigation, according torench sources. it is here in france that there seems to be the strongest connection. we have established that during one of the cell's ny tri

we have to be careful on that because we still have basel forthcoming, so you need to save something that over time, and also see that we are growing as the bank. return,aking a decent so the balance between returning it to the shareholder but also keeping in of ammunition for growth as well as making sure that we keep the regulation at basel 4. keep a steadily growing dividend and don't do something excessive. anna: and finally, about trade tension, i was speaking to the boss of siemens and getting perspective on this. some describe your client base is relatively exposed to global trade. are you seeing any impact as yet? are you fearful that trade tensions will impact your business? koos: if you look at the impact right now, you realize that if you take the e.u. 28 where we have most of our client base, where exporting roughly 6% to the u.s. a few look at the netherlands, another large client base, it is also around 6%. if there are sanctions on particular goods, is not that you immediately notice it. so you look to the client base and see who are the exporters and local transporter

operation sophia is likely to be the number one item on the agenda we have our correspondent barbara basell there covering the talks for us in vienna barbara good morning to you operations of fear was supposed to help stop people smuggling and prevent further deaths at sea why is it lee pushing to have this changed. it's really just want to except to the both of the other european countries anymore who are involved in the mission sophia it's simply one's to keep his harvest totally closed not only for n.-g. o. vessels we have already seen that all commercial vessels who are not allowed to disembark. harbors anymore ports anymore if they have migrants and ports but it also wants to close its harbor now for the other european countries for their military vessels and that is the next step in the escalating war between italy and the other european countries the point is and what it should be wants is for other countries france for instance or spain who are me if much farther away from the libyan coast where the migrants are rescued to open the harbor and to sort of take turns full for whoever i

lyondell chemical was formed back in the 1980's and merged with basell in 2007, and was weighed downh a ton of debt. in 2009, it filed for chapter 11 bankruptcy and merged a year later to go public. and now that lyondell is back on its feet, and using super cheap u.s. natural gas to gain a big cost advantage, it is all about growth. it recently bought a. schulman for $2.25 billion, which makes fancy materials for plastics like bottle caps, but it doesn't want to be a one-trick pony kind of company. it wants to be big. so, where does it go next? i recently caught up with bob patel and asked him what kind of leverage he would be comfortable with. bob: leverage ratios depend on your earnings at the time, and also what you plan to do in terms of your debt post a transaction. but i think, you know, somewhere 2.5 times is a very comfortable place to be. and you know, whatever we did in terms of transactions, our plan would be to pay down debt so we maintain a very solid triple b minimum sort of rating. alix: you have announced that you are in talks to buy odebrecht's stake in braskem, in e

and transform the business model as we transition into basel 4. so all told a good business, but work to do to improve it to deliver on the overall group r.o.e. targets we have of 10% to 13%. >> casino opened near the bottom of the stoxx 600 after it was downgraded to underperform it cited related party transactions in french franchises which could weigh on profitability and cash flow. >>> aheld del haize is lower 3.7% from a year ago net profit missed forecasts coming in at 410 million euros they say they're confident of delivering synergy targets for this year and 2019 >>> novo nordisk is sharply lower. the world's top maker of diabetes drugs reported second quarter profit broadly in line with expectations. novo relies on the united states for half of its revenues that's a trend we're seeing with all the pharmaceutical companies, no doubt on the back of some tweets coming out from the u.s. president i'm happy to say patrick spencer from bairds is joining us on the show to discuss more let's talk about your take on the earnings season so far u.s.

proshares is offering up for basel's. we shouldn't -- offering up proposals.t be surprised the sec has delayed this one, because they recently delayed five etf proposals coming from a company. there are plenty out there. momentum has been building at the sec level in itself. one of the commissioners has actually started to vote against these decisions to push back on etf's. had thein july, we legal boss twins, who -- the theirsoss twins, had pushed back. but it was a split ruling. i think at some point there will be the institutional comfort that these -- it will be a more liquid way of being able to trade these. notably, that's why we are getting such momentum built into the share price, where these decisions get close, because things -- when gold got in exchange traded fund, we saw gold quintuple in terms of its price point. when you start to see a market built upon, exchange traded funds built upon underlying assets, it makes it so much easier to get into the space. you don't have to set up a bitcoin wallet. you can get into the asset class, and it would dr

studying radical islam, he was the first one on my radar, because he is one of the leaders of the basel'm sorry to say. he's very radical, the type of things he has been connected to come in terms of a coalition with other groups are the types of things that this group, this compound in new mexico, were preparing to do, were learning how to do, that type of ideology. we haven't connected the imam to that specific operation in new mexico but you don't have to. what you're talking about is the extremist infrastructure that is the hard work, the easy work is the violent part. >> mark: in that sense, it seems more organized than some guy from chechnya or wherever writing his car up onto the sidewalk and mowing down half a dozen people, and other words, that sort of freelance jihadism we have become used to. did this seem something slightly more institutional? >> that's right. there's really two ways that you create this type of problem if you are a radical. first, you say, how do i create the person that holds the weapon? is harder. you do that by pushing the ideology, imam for example in 2

>> harris: the power panel katie pavlich, basel smikel, former dreck to have the new york state democraticding up to the mid terms. when i interviewed the senator i said can we add the name paul manafort and rick gates to this, too. is this a double standard? help out senator feinstein but don't help out the republican candidate for president? >> i don't know if it is a double standard but i don't know if there is a standard. >> harris: that's not good. >> no, it's not. what happened in the feinstein case is slightly different with respect to the president of the united states. because there was an individual who had clear contact with some one who was trying to get information out of him. in the case of the president, what we believe, or we have seen thus far, there are a lot of people around him that had previous ties to russia. we don't know what those ties were. that's the substance of it. >> harris: are you defending the president's case against robert mueller! >> i'm not defending the president, don't get me in trouble. [laughing] >> harris: they are the facts. >> this mueller invest

right wing populous countries that is something that is quite clear here barbara thank you barbara basellhere in vienna now let's take a look at some of the other stories making headlines around the world today german chancellor angela merkel has begun a three day tour of west african countries with a visit to senegal michel met with some bullies president makis sall in the couple dhaka the german chancellor is calling for further investment in the region which is the origin of many migrants who journey to europe. the government of nicaraguan president daniel ortega is behind a comprehensive campaign of repression to put down four months of protests in his country that's according to a report by the un's high commissioner for human rights report describes illegal arrests torture and closed trials ortega's government has dismissed a report is baseless a large fire has engulfed a warehouse in melbourne australia the blaze broke out around five am local time authorities have warned residents to seek shelter over concerns of toxic smoke several nearby schools have been forced to close the fir

. >> yeah, for basel, they are drawing all rivers run to the sea and the sea is never full and the two volumes of the memoir are pulling out verse 1, well, chapter 1 verse 7, it's the idea of the cycle and even though the waters, you know, run to the sea, the sea is never full, you constantly have the sense of trouble and toil and yet, at the same time, there's hope and it's sort of cycle for himself, he's looking back at his -- at his childhood as well as the atrocities of holocaust. also looking at the life after war when involved with social justice, so this expression, i think, again, evoked the sense of constant hope that we as people and he himself tried to fuel as well as greater sense of there's the great suffering in the world, the suffering doesn't seem to disappear and yet the hope doesn't extinguish either. >> all dealing with world war i or world war 2 wartimes? >> yeah, even in recent history, we spoke quite about quotes and that sets theme, a lot that expresses similar struggle and how do we find meaning in the struggle. >> where is it in the bible? >> most traditionally

. >> that is why the prime minister has made a series of very them or to basel's which address the issue have to go back to a art border in northern island that nobody wants and allow free, uninterrupted trade between the eu and britain post-brexit. mark: he says there needs to be a change in approach by the commission to have what he calls a pragmatic deal that works for everyone. sayzuela's top prosecutors a investigation into an assassination attempt on nicolas maduro using drones has widened to include the arrest two high-ranking military officers. the list of includes an exiled opposition lawmaker and has risen to 34 officials who are seeking arrest in colombia, peru, and the united states. a judge in the u.s. has denied a request by a the torilla's mexican drug shop -- drug trafficker to move his trial. his attorneys had argued that the intense security measures being used to transport him to court could hurt his chances for a fair trial by giving the public the impression that he's already guilty. he has pled not guilty to the charges that his court -- as cartel oversaw a campaign

we're working a lot with the international monetary foundation and the basel committee, capital stabilityard set up by the g20 to monitor these implementations so that we have a global picture of what's going on as well as just a domestic issue. in other areas, you know, food and supply, medical products are also on our high risk list in terms of federal government ensuring safety. for example, medical products, 80% of the ingredients for prescription drugs come from other countries. 40% of finished drugs. so our regulatory system was set up to oversee domestic production not a global marketplace. we get drugs come in here from 150 different countries. so we, working with congress, have got the administration to move more to focus on foreign manufacturers and looking to working with other countries to make sure their versions of the food and drug administration are operating effectively since we can't inspect every producer throughout the world in these areas. this is very important as well. so it's not just money flowing, and finished goods. these things have important health and safety

in second, tasks or basel will be poured over by the company's board.op, fears of turkey contagion. that is taking a reporters time to figure it out. we are also seeing some u.k. gdp. this is important because of what is happening to pound. we've may also get a reason or backing up. it came to raising interest rates and the gdp rising 0.1%. it is actually lower than economists had expected. in the second quarter, the economy grew as forecasts. story.et back to our top the lira plunged to new depths as their relationship continues to sour. dropping this morning on fears of contagion. speeches byhead of the turkish president and the country's finance minister to out -- outlined plans for a new economy, a move aimed at reassuring investors. joining us now from singapore is mark, from bloomberg. he was also a currency trader for turkish lira, so you have great insights on this. what can the turkish officials say that will reassure investors, if anything? unfortunately, there is nothing they can say that will turn the market around unless it is followed a co