companies for one might be breathing a sigh of relief the effect of chumps tariffs have already been having an impact on them and one of and now the president not the one the president intended general way just for one so it's shares tumble on wednesday in their second quarter profit down compared to last year the company's now lowered its profit outlook for the entire year the cost of g.m. two materials have been going up in the fallout from the trade dispute it's america's biggest carmaker and use this huge amount of steel. well before trump's announcement that the u.s. intends to work with the e.u. i asked our financial correspondent so if you should month ski where to go wrong for g.m. . well they are americans being hit by the terrorists and this becomes very obvious when looking at the outlook g.m. gave one reporting their earnings the nation's largest automaker lowered its profit outlook for twenty eight hundred saying it expects commodity price pressures to continue and guess where this is coming from right and it's coming from trump and his protectionism especially from his

agreed to spend two percent of their annual gross domestic product on defense by twenty twenty four chump is angry that only five states not anywhere near that greece estonia the u.k. poland and romania the secretary general of the brussels based military alliance says that members are upping their spending but not to please washington but independent journalist luke levey told is that ahead of the summit champs the unpredictability is on people's minds everybody's very nervous here in brussels looking at the product could happen tomorrow or the day after with the the temperament with the way democracy usually does things you know use a bit of reliable the sport again so the whole bit afraid of what he's going to do miss the toss couldn't resist by saying you know mr trump should know who are his strategic allies and who are his problem he means probably flooding me a pollutant but this is trump bashing it is cheap it fice and they should do that every. but he's not this because of this issue of finances because of the troops still present in europe that the americans could could send bac

does the chump administration have a point the u.s. g.t.s. on a car imports from the e.u. with two point five percent meanwhile the eighty year levees are actually ten percent in imports from the united states so quite a difference that but those figures will there be tell half the story when it comes to s.u.v.s and pickup trucks the u.s. auto industry is main source of income in new cars was subject to twenty five percent in tariffs the a you on the other hand only ten percent that twenty five percent tariff it actually takes back all the way to nineteen is sixty three and it was known as the chicken tax because it came in response to tariffs the fronts of west germany imposed on imports of u.s. chicken just goes to show you that trade tensions are nothing new and can be quite complicated well let's bring in an ng host he's an automotive industry analyst from every corner i s i london he joins me on the line now the german car industry has just published its healthier results do we see any signs of crisis there well when you look at your prices this is a full blown crisis

if you have a chump campaign if you have a chump campaign associate whose name is carter page.t was spied on duringe the height of the 2016 election by barack hussein obama as doj. through the use of a fisa warrant, the hardest warrant to get. tonight we know for sure that the clarification was a document, the verified uncorroborated foamy dossier put together by a foreign national with funneled money through a law firm to a research group and paid for by hillary clinton and the dnc. and by the way, this was all full of russian lies. the whole bunch of it. everything they said about donald trump was not true. we told you about perkins cooley the law firm, we told you about fusion gps, they dug up dirt on clinton's opponent with russian lies. let me repeat, mr. moeller,er russian lies to the american people to affect the outcome of a presidential election. let me put it more simply. obama's doj and fbi were spying on the campaign of an opposing party, in a presidential election year, using pop research that hillary clinton paid for. deep state operatives try to rake and steal a

even by president chump standards the statement made its a news conference with the italian prime minister surprising their quality is the first time a u.s. president has offered to meet with an iranian leader since the islamic revolution nearly forty years ago. i would certainly meet with a round of they want to meet i don't know that they're ready yet to have a hard time right now but i ended the iran deal it was a ridiculous deal i do believe that they will probably end up wanting to meet and i'm ready to meet any time they want to and i don't do that from strength or from weakness i think it's an appropriate thing to do. this statement was all the more unexpected given the flare up of tension between tehran and washington over the last week on sunday the iranian president warned the u.s. to stop provoking his country. mr trump don't play with the lion scale this will only lead to regret you will never regret it. true to form from responded on twitter this time with an all caps to rate warning rouhani he would suffer the consequences the likes of which few throughout history to ever suf

thousands of demonstrators have been taking part in nationwide protests to show their opposition to the chump's immigration policy iranis comb despite president trump's decision to end the four separations of migrant families nevertheless thousands of children remain in custody without their parents they marched on the east coast thousands streaming across the. brooklyn bridge. they staged mass protests in the west coast cities of some francisco and los angeles from chicago in the north to florida in the deep south. crowds gathered outside the white house in washington still angry at recent emotional scenes of children being separated from their parents at the us mexico border there was particular scorn as protesters filed past the trumpets. they called for the scrapping of the u.s. customs and immigration agency known as ice it's inhumane and it's recess and it's also pretty ineffective i want them to my life my family moved to the u.s. when i was a child we immigrated from poland and when i came here i wasn't put in a cage i think it's important my duty now to be here sure immigration is a hu

not to please washington but independent journalist new crew of a told is that ahead of the summit chumps and predictability is on people's minds. everybody is very nervous here in brussels looking at the problem could happen tomorrow or the day after with the the temperament with the way democracy usually does things you know use a bit reliable these bullying so that all the bit afraid of what he's going to do miss the trust couldn't resist by saying that you know mr trump should know who are his strategic allies and who are his problem he means probably flooding me a putin but this is trump bashing it's cheap advice and they should do that everybody's not just because of this issue of finances because of the troops that are present in europe that the americans could could send back home because of course also off the fact that several countries are renewing their fleet of fire bombers all together it's a dangerous cocktail for the unity of nato but of course it's so good to have a common enemy russia will be back at the top of the hour with the latest headlines . they are advised as it

his chump change. -- it is cap change. -- it is chump change. on what iscomment going on with risk adjustment and will that have an impact on offerings in the market for the all? -- for the fall? will it have an impact? just a little bit of context. is familiar with the risk adjustment program with one of three premium stabilization's program within the aca. it's the only permanent one. basically in medicare advantage, medicare part d, a lot of states use it in medicare programs. it's the idea that if you have more than average risk than your competitor has to give you money so you receive money, your competitor pays money. rob peter to pay paul. co-op which is a small startup plan suited over the risk adjustment formula and it gets very arcane very quickly but essentially they felt like they were paying too much to blue cross blue shield which was on the receiving end of a thought the formula disadvantaged small startup plans. that may be true. has readjusted the program over time and it's not a perfect formula of by any means. within the new m

winning the trade war defying corporate lobby and media propaganda since the chump impose these tariffs and keep some imposing them and all the pundits on television are united against him doing this. they're saying he's saying that this is corporate america's propaganda machine they're getting a lot of air time on all the networks to say this is gravy you know they keep on having you know manufacturers on television c.e.o.'s and saying this is a horrible thing and trump is destroying jobs and blah blah blah but chief economist at moody's capital markets research john ski well he looked at the market . consequences since trump imposed these tariffs and what he found is that there actually hasn't been that much impact in u.s. markets in fact they're a little bit up but if you look at china's shanghai composite six point eight percent since june fourteenth when you first impose tariffs fourteen point two percent year to date korea's kospi index is down five point seven percent since june fourteenth germany's dax down four point seven and japan's nikkei and you know those are the huge surp

that is a lot of money, that's not chump change, but it's well within the range of the type of money one could imagine the federal government spending. is very much within the realm of achievable policy. certainly few compared to the amounts of money we have been moving around in recent tax legislation it is chump change. >> could you comment on what exactly is going on with risk adjustment? and will that have an impact on offerings in the market for the fall, both in terms of who shows up in the prices and is a going to have an impact? >> gosh, just a little bit of context, everyone is familiar with the risk adjustment program, it was one of three premium stabilization programs, the only permanent one, it is used basically in medicare advantage, medicare part d, a lot of states use it in their medicare programs with competing ncos, it's the idea that when you have more than average risk, then your competitor has to give you money, you receive money in your competitor pays money, it is a rob peter to pay paul, there is no tax money at stake. new mexico co-op which was a small start o

leaving no room for interpretation saying iran's president will never meet with truong even by president chump standards the statement made it's a news conference with the italian prime minister was surprising their quality is the first time a u.s. president has offered to meet with an iranian leader since the islamic revolution nearly forty years ago. and i would certainly meet with iran if they wanted to meet i don't know that they're ready yet to have a hard time right now but i ended the iran deal it was a ridiculous deal i do believe that they will probably end up wanting to meet and i'm ready to meet any time they want to and i don't do that from strength or from weakness i think it's an appropriate thing to do. this statement was all the more unexpected given the flare up of tension between tehran and washington over the last week on sunday the iranian president warned the u.s. to stop provoking his country. mr trump don't play with the lion's tail this will only lead to regret for ever regret it. true to form from responded on twitter this time with an all caps to rate warning rouhani

that's not chump change. range of types of money one could imagine the federal government spending so this is very much within the realm of achievable policy. i mean, certainly, if you compare it to the amount of money that has been moving around in recent tax legislation, it's chump change. >> could you comment on what exactly is going on with risk adjustment and will that have an impact on the markets this fall, both in terms of who shows up in the prices or is it going to have an impact? >> there's premium stabilization programs within the aca. it's the only permanent one. it's used, basically, in a medicare advantage, medicare part d, a lot of states use it in their medicaid programs when they have competing and medicaid mcos, but it's the idea of if you have more than average risk, than your competitor, your competitor has to give you money. you receive money. it's a sort of rob peter to pay paul program. there's no tax money at stake. the new mexico co-op, a small start-up plan, sued over cms's risk adj

of course chump because an f. on this issue along with if but when it was taken. to. hear all the ways. we. had to. start a little what i watched. but the. by the book has not got us out of pop. the question in japan will mix up in my family in the book and miniscule just a massage of the news you need to but at least three of leisure that we could be. full of it will be good while the other definition of i'm at home watching a bit. more get to my is hobby my wife believing. i live about a blitz how behind it all meant. he got us and. most of. us. to leap year. the food ask if he's so mean it's just. we have to make. it more fun removed. from us. this is usually memphis and sequel to. scavengers of. the fun for the ending of that. she. was awful she gave it then the movie this is without. question is done. if it occurred to them to do it is wrong and everything but it. did look funny civs executor is on. let me tell you this when i go it's most just when i'd want good to go off it could hear what's wrong kay told me to do a play in the city quit if the man for to me.

had to say about trump instead of standing up for our democracy and democratic principles president chump cowered in the presence of putin it was a ho sale betrayal of the values and interests of this country president sided with the enemy with the perpetrator of the election interference a treacherous act is able to confront russia after hell thinking trump invited putin to d.c. for another summit however another wave of hysteria ensued but just an hour before pompei a schedule testimony john bolton trumps national security advisor announced that the summit would be postponed and this comes after the highly publicized moeller investigation into alleged russian meddling and it's also worth mentioning that it's been postponed until after midterm elections which apparently will definitely be influenced by russia and believe it or not trump joined in i'm very concerned that russia will be fighting very hard to have an impact on the upcoming election based on the fact the new president has been tough from russia to me they will be pushing very hard for the democrats they definitely don't want

let's bring in our financial correspondent now con ed who is in a french first conradt chump says that he wants to now what tracked all the motorcycle firms to the united states that on some of these companies from the regions that he's trying to punish in this trade dispute. absolutely there is a certain irony in this as we're talking about brands from countries like italy germany japan b.m.w. honda. but you know. this is not this doesn't seem to be really important to the u.s. president despite his constant lashing out on twitter despite the nationalist tone the aim of this america first policy is really to get more manufacturing jobs in the united states have more factories build in the country the well being of american companies per se is not really in the interest of the u.s. president take ali davidson for example this american company really has to transfer production from the united states outside of the united states if it really wants to be competitive here in europe but that's not being acknowledged by the u.s. president it's not important for him which is actually why this

middle east peace i'm not sure that is the focus i think that's much too strategic a focus for the chump administration which i think is really sort of bob bogged down in tactical approaches to the world and i think that's the reason why he likes to break through and have a personal meeting with kim and now a personal meeting with trump which of course terrifies his advisors you know there was a codel there was a group of u.s. senators who went to russia recently yet and just going to showing to prove that the worst thing to get information is on a codel because it's sort of a great exercise in groupthink and bubble mentality they all came back and showed they had absolutely nothing from their time in russia i think it was shall be from alabama that said that well trump better studies stalin if he wants to understand how to deal with it then you know i mean it just seems absurdities lindsey graham is out there tweeting this little thing goes off about how we've got to stay in syria forever and and trump better stand up to ten but here's the thing that's interesting all of the retreats al

you know caught in the media you know chumps way more talk about trump it's way more. you know intriguing to the general public so i think that's probably why you know the media doesn't make big deal about that i've found the media has gotten much more fractured and much more opinionated over my lifetime it's much more of a left and right kind of. mouthpiece that it used to be i think so what you might say back in two thousand and twelve russia wasn't the boogie man there was no alleged had no reported meddling no conspiracies yeah there were it was just framed president obama appears determined to ingratiate himself with the kremlin this unfortunately seems to be the real meaning of his reset policy an outstanding example is the personal phone call that barack obama made to vladimir putin from and force one congratulating the russian leader on his election as russia's next president. and yet when it was trump that congratulated putin which is completely you wouldn't formal thing to do in politics they chewed him out for it for weeks president trump's national security

at the truman and national security project that's political consultants in washington just as the chump administration has taken a huge leap of faith toward korea by trusting its leader before verifying its nuclear weapons we know that president kim jong un has used his summit in singapore with president trump and multiple propaganda videos to the north korean people to show that he is some kind of legitimate leader on the world stage who is worthy of the most powerful man in the world's respect and i think that's very questionable why did we do that when we don't really have evidence yet save for that silly video that honestly a high school student could have doctored about tunnel blowing up as some kind of evidence that that was you know. the north korean administration's denuclearization attempts and that is just not enough they are up to a lot of suspicious activity they continue with it and i'm worried and i think a lot of policy experts are in washington d.c. the trump administration is foolishly playing into his hands various federal court has ordered the trump administration to

activists in the belgian capital hit the streets on saturday denouncing the military blog as well as chumps upcoming visit to brussels. and of course the next stop on chimes tour will be the u.k. and protesters there are ready to track his every move probably boyko looks at why trump might end up not enjoying his stint in britain. when the orange one travels to britain he is going to join a long line of u.s. presidents face to pretend that the special relationship is real in order to get a selfie with the queen very fair to say that he would be universally welcome but the last thing that downing street and the state department want is for the donald to find out that he may be a little bit unpopular so we at i see my arm i have prepared a video guide for trump's ahead of his arrival so somebody washington just turned off thought food for a second and showed him this and everything else. mr president the people of britain are waiting to greet you in truly unprecedented numbers tens of thousands will line the streets getting loser any issues now because of how keen some people are to meet you

suffered a number of key resignations over her handling of britain's exit from the european union chump adding adding to the fire by weighing in on the issue donald trump and first lady arrived on air force one to start the four day visit he's expected to talk about a bilateral potential bilateral trade deal among other topics with prime minister theresa may and the police expect more than one hundred protests across the country during his facings. all right and standing by as you give your correspondent very good masa she joins us now from the capital london bridge what kind of reception is the couple getting. well i think the first research and london has been positive just where we are as the best is the u.s. ambassador's residence here in london winfield house and we've just seen people coming out of the residence it was supposed to be a town hall style meeting where he has met what i think mostly u.s. citizens in the u.k. and they have said that every proud of president trump that they're proud of what he's doing defending the western alliance described him as a chilean characters

twenty sixteen in testimony to the seven it's far enough relations committee compare said president chump and made it clear to russia's president putin that washington would not stand for any interference in its internal affairs by moscow. the president disclosed what he said divided by putin about russian interference in our elections and he said that he is confident that as a result of that conversation vladimir understands that it won't be tolerated united states and the european union have agreed to work together on lowering trade barriers u.s. president says he will start trading on ca sions would be you and result sale an element in tariffs as well as retaliatory tariffs in ousmane following a meeting at the white house between trial and the european commission president jiang cohen younker tensions have been rising to both sides stop tariffs on billions of dollars worth of imports of course is on the understanding that as long as we are negotiating unless one party would stop the negotiations we are hopeful of further tariffs and unison reassessed existing tariffs on steel and alum

have a lot of like eighty million dollar homes but now the median rent for a vacant apartment this chump five percent and is now at twenty four hundred dollars a month that's across the state that's not just in l.a. medium reparable people cannot live being paid enough even if you really.

middle east peace i'm not sure that is the focus i think that's much too strategic a focus for the chump administration which i think is really sort of bob bogged down in tactical approaches to the world and i think that's the reason why he likes to break through and have a personal meeting with kim and now a personal meeting with trump which of course terrifies his advisors you know there was a codel there was a group of u.s. senators who went to russia recently yet and just going to showing to prove that the worst thing to get information is on a codel because it's sort of a great exercise in groupthink and bubble mentality they all came back and showed they had absolutely nothing from their time in russia i think it was shall be from alabama that said that well trump better study stalin if he wants to understand how to deal with it and you know i mean it's just these absurdities lindsey graham is out there tweeting his little fingers off about how we've got to stay in syria forever and trump better stand up to ten but here's the thing that's interesting all of the reach we it's all of

go on a roller coaster for a buck a lot of people for that you know two hundred thousand dollars is chump change to go up in a space ship but jeff bezos that's great then you've got this forty seven million dollars of camp with people that can't put food on the table they've got one hundred twenty million of americans are below the poverty line so you've got this huge split now. reminds me of the essay that we talked about on this show called the collapse of the gap by dmitri orloff who said in one thousand nine hundred ninety when the soviet union collapsed that america collapsed at the same time but it would take twenty twenty five years for it to to that to manifest itself and i think that's what we're seeing we're seeing a collapse whereas the soviet union is now gone through the collapse of russia is inching its way forward yeah well back to the story so i want to say you know looking at twenty eighteen looking at twenty twenty the reasons why i think this will play into it is jeff bezos owns the washington post which trample all fake news and help point out here here's a good deal i

have a lot of like eighty million dollar homes but now the median rent for a vacant apartment this chump five percent and is now it's only four hundred dollars a month that's across the state that's not just in l.a. . people cannot live being paid enough even if you raise the minimum wage to fifteen dollars an hour that's still not going to be enough to afford twenty four hundred dollars a brand now you know that is ridiculous was a california answer to that i think i'd be surprised at what states are next to california on this on this list the top five the supplemental poverty states for a living even with help are still living in the under the poverty line so california at twenty florida and then louisiana arizona and mississippi i mean arizona. mostly shouldn't be that i mean this was a just weird to make is that it's sort of that thing of being like places where you know they don't have as much money but when you see california where they know they have a ton of money. yeah and florida big tourist it's interesting to me because those states cut across all political boundaries like yo

of bullying and warned that it will retaliate against any further tariffs earlier the chump administration raised the stakes in the growing chain dispute by threatening ten percent tariffs on two hundred billion dollars of chinese goods china's commerce ministry called the move completely unacceptable. the syrian government is widening its offensive to recover south western territories pushing forward into an enclave held by eisel linked fighters russian warplanes are also helping government forces on the young milk basin which borders the israeli occupied golan heights and jordan the syrian opposition says this footage shows the aftermath of russian strikes on the area from the free syrian army are also battling ice of fighters in the area the syrian government has recovered huge swathes of there are province in the south west from the f.s.a. rebels after more than a month of fighting between rival groups were shut down production libya's national or corporation is finally we're opening its oil terminals forces led by a half to have agreed to hand over the sites to the internationally rec

granted they have a lot of like eighty million homes but now the median rent for a vacant apartment this chump five percent and is now at one hundred dollars a month that's across the state that's not just in l.a. median report people cannot live being paid enough even if you raise the minimum wage to fifteen dollars an hour but it's still not going to be enough to afford twenty four hundred dollars a brand now you know that is ridiculous was the california answer to that i think i'd be surprised at what states are next to california on this on this list the top five the supplemental poverty states for a living even with help are still living in the under the poverty line so california at twenty florida and then louisiana arizona and mississippi i mean arizona. mostly shouldn't be that i mean this was a just weird to make is that it's sort of that thing of being like places where you know they don't have as much money but when you see california where they know they have a ton of money. and florida big tourist it's interesting to me because those states cut across all political boundaries like

granted they have a lot of like eighty million homes but now the median rent for a vacant apartment this chump five percent and is now at twenty four hundred dollars a month that's across the state that's not just in l.a. medium reparable people cannot live being paid enough even if you raise the minimum wage to fifteen dollars an hour that's still not going to be enough to afford twenty four hundred dollars a brand now you know that is ridiculous well this is a california history too that i think i'd be surprised at what states are next to california on this on this list the top five the supplemental poverty states who are living even with help are still living in the under the poverty line so california at twenty florida and then louisiana era.

impression and i and i hope we haven't is that people leaving the democratic party are all they are are pro chump they're not all pro trump some of them have moved over to the g.o.p. actually a lot of the data says the g.o.p. is still more attractive than donald trump it's a topic of an entirely different program which i think it's quite fascinating because i'm a conservative and i really have contempt for the g.o.p. so i would. an interesting topic but i want to go back to alexandria. cortez zach i mean she's a very interesting phenomenon and she's the the reason the most recent eruption of the just ruction and the two political parties and i get the leadership of the democratic party just so blinded by all of these things here they were blindsided by her election i don't feel sorry for her opponent i mean because he's a swamp character i wish more of them would be thrown out but i mean listening to meet the press democratic socialism i don't think she has a clue what it really is but it sounds nice ok it sounds nice and considering the the empty rhetoric that we have from these establishment po

believe this is from dow jones market watch so i can say fart because it's from their headline right the chump and ministration has crafted a draft bill ordered by the president that would declare america's abandonment of world trade organization rules according to access which said over the weekend that it detained a least copy of their proposal the bill essentially provides president donald trump was argued for better position for the us and big trade pacts a license to raise u.s. tariffs at will without congressional consent. largely outside the international rules governed by the w t o the bill is titled the united states' fairly simple trade act or or fart as it's being called the consensus is that it won't make it through the congress but it's him actually like a madman to congress is that far you should know it was older for it's not good for your health they should just let it go and say that's not good health good colon health you know just let it go let it rip well what do you think about this policy of introducing this notion that the president can impose that will tear us rather th

president dan chump is forced into an embarrassing climb down after maybe a storm following his seeming defense of russia over claims of meddling in u.s. elections as protests continue in the south iraq's prime minister says he. he will address people's anger of the post services and unemployment a new report reveals an extensive lobbying effort by the u.a.e. to influence the news at home and abroad and burying the funerals are held for nicaragua's latest victims as the u.n. calls on the government to stop using lethal force. in doha with the day's sport to ask fourteen time major gulf champion tiger woods is set to make his return to the open championship after a three here absent. the president being forced into a very public and very embarrassing climbdown speaking to reporters at the oval office he said that he now accepted the intelligence community's conclusion that russia had meddled in the elections but that their actions had no impact on the result he said the team misspoke at the joint news conference with vladimir putin in helsinki oh i trust correspondent kimberly that small

winning the trade war defying corporate lobby and media propaganda since the chump impose these tariffs and keep some imposing them and all the pundits on television are united against him doing this. they're saying he's saying that this is corporate america's propaganda machine they're getting a lot of air time on all the networks to say this is gravy you know they keep on having you know manufacturers on television c.e.o.'s and saying this is a horrible thing and trump is destroying jobs and blah blah blah but chief economist at moody's capital markets research john ski well he looked at the market . consequences since trump imposed these tariffs and what he found is that there actually hasn't been that much impact in u.s. markets in fact they're a little bit up but if you look at china's shanghai composite down six point eight percent since june fourteenth when you first impose tariffs fourteen point two percent year to date korea's kospi index is down five point seven percent since june fourteenth germany's dax down four point seven and japan's nikkei and you know those are the huge

believe this is from dow jones market watch so i can say fart because it's from their headline right the chump and ministration has crafted a draft bill ordered by the president that would declare america's abandonment of world trade organization rules according to access which said over the weekend that it detained a least copy of their proposal the bill essentially provides president donald trump was argued for better position for the us and big trade pacts a license to raise u.s. tariffs at will without congressional consent. largely outside the international rules governed by the w t o the bill is titled the united states' fairly simple trade act or or fart as it's being called the consensus is that it won't make it through the congress but him actually like a madman to congress is that far as you know it was holder for it's not good for your health they should just let it go and say that's not good health good coal and health you know just let it go let it rip well what do you think about this policy of introducing this notion that the president can impose that will tear us rather than ha