citibank i believe under walter wriston loaded up argentina yes with a lot of debt and then they did something that nobody had done before they defaulted their sovereign debt default and then the u.s. came in and they started running argentina and they started running it into the ground in a very it is still suffering today so china well they avoid this outcome are they once they start loaning these folks all this money and there is a problem is paying on. the stuff back are they going to then do america citibank argentina or they how are they can they figure that bit out yet or are they just going to blindly go to make the same mistakes that american spirit well they've already worked through the w t o to get things to their advantage against the united states or other trading partners and i'm sure they'll use the you know these are contracts they're written under international law and abide by international law they're giving them money in these countries need course they need railroads but private investment hasn't been there nor has. a whether they're given the money that's our m

citibank i believe under walter wriston loaded up argentina yes with a lot of debt and then they did something that nobody had done before they defaulted their sovereign debt default and then the u.s. came in and they started running argentina and they started running it into the ground in a very it is still suffering today so china well they avoid this outcome are they once they start loaning these folks all this money and there is a problem is paying all the. stuff back are they going to then do america citibank argentina or they how are they can they figure that bit out yet or are they just going to blindly go to make the same mistakes that american spirit well they've already worked through the w t o to get things to their advantage against the united states or other trading partners and i'm sure they'll use the you know these are contracts they're written under international law and abide by international law they're giving them money these countries need course they need railroads but private investment hasn't been there nor has been laid whether they're given the money that's

citibank i believe under walter wriston loaded up argentina yes with a lot of debt and then they did something that nobody had done before they defaulted their sovereign debt default and then the u.s. came in and they started running argentina and they started running it into the ground in a very still suffering today so china well they avoid this outcome are they once they start loaning these folks all this money and there is a problem is paying on. the stuff back are they going to then do america citibank argentina or the how are they can they figure that bit out yet or are they just going to blindly go to make the same mistakes that american spirit well they've already worked through the w t o to get things to their advantage against the united states or other trading partners and i'm sure they'll use the you know these are contracts they're written under international law and abide by international law they're giving them money in these countries need course they need railroads but private investment hasn't been there nor has any way whether they're given the money that's our mon

dreams i'm to citibank she's been living in spain illegally for years she talks about how spanish society is changing as more migrants arrive. next d.w. . faster harder. bands know how to bring the real. bug a metal plate in fairly. easy and not. easy. to. goa. great yourself with w.'s interior design channel on. screen shots. just brand stink of color gossip. but what do we really know that's a man behind the dark shades what motivates him how does he think feel. good moment in the life of a great fashion designer. and start september ninth w. hello and a warm welcome to focus on europe it is great to have you with us spain has become the new hotspot for migrants from africa they're heading to europe in search of a better life the vast majority crossed the mediterranean and rubber boats and land in port cities like cuts in the first six months of this year more than twenty thousand people cross the sea to spain more than any other european.

the dreams of up to citibank he's been living in spain illegally for years he talks about how spanish society is changing as more migrants arrive. next. there's something mysterious going on in the french city of. our euro next reporter megan leave visited the house of magic. a tribute to the late magician roberto di. and a museum full of surprises. the moments in sixty minutes. they make a commitment. they find solutions. they inspire. africa on the road. stories for both people in a different scale shaping their nation. and their continent africa on the move stories about motivational change makers taking their destinies into their own hands. t w multimedia series food for go. d w dot com click on the most. sarno just couldn't get this song out of his head. musicologist began searching for the source of this captivating silence. deep in the rain forest in central africa. the bank of. england nothing else looks and the looks of the look leave the floods less than the anyone save. money live the costs. get by their culture stayed. only a promise to. the jungle and return to the concre

the dreams of up to citibank he's been living in spain illegally for years he talks about how spanish society is changing as more migrants arrive. in thirty minutes on the w. . with different languages we fight for different things that's fine but we all stick up for freedom freedom of speech and freedom of press. giving freedom of choice global news that matters w made for minds. his reputation murderer. arsonist. tyrants. the roman emperor nero. to be just get bad press. remount historians are reexamining this case rethinking nero as history been unfair to the infamous him her starts august fourteenth on d w. rock n roll. sinful muslims condemned by the church. the evil feeling that you feel when you fight. your castoffs of music. stop of old no one is more popular than jesus sa good religious morality preachers subversive rockers of battle with sound marketing potential by placing a warning label on music products. rock and religion. brings many problems to light. or the two really so irreconcilable the bottom card they can rule the storms aug nineteenth w. . this is news coming to

the dreams of abu citibank he's been living in spain illegally for years he talks about how spanish society is changing as more migrants arrive. thirty minutes on g.w. . my name is a long night out back. and a mexican conductor. come with me and meet great musicians and friends from all over the world. a pretty normal guy canadian star pianist young laszewski backstage. reveals his dreams if you shortly. in fifteen minutes ditto. for. earth. home to millions of species a home worth saving. on those are big changes and most start with small steps global ideas tell stories of creative people and innovative projects around the world ideas that protect the climate used green energy solutions and reforestation. they create interactive content teaching the next generation about environmental protection and more determined to build something here for the next generation of global ideas the multimedia environment series on d. w. . so instead of using pesticides which kills all the animals all the instruction in the field one can use pheromones to control and sex you know for a natural way pheromone

people that citibank doesn't control we want to have them on and financial you know jack miles company or some chinese company gave gives us incredible operating leverage in the twenty first century so you know we've overlooked we're obviously overlooking the trillions of billions of people in the in the global economy that china's failures is going to be a huge asset if i may say yeah and the nightly news here by the way the cable news you would think it's all russia russia russia while we've been focused on first for twelve fifteen years and now russia russia russia like so much is happening around the world it's unbelievable that like how rapidly china is taking our place economically and you we can't control that we can't compete economically sun even russia it's russia nine hundred fifty five yeah but we term of this story that i'm talking about is we the united states cannot compete economically anymore against china so we focus where we can compete and we have the absolute moral authority to bomb and basically invade and sanction any country on earth nobody else can do that so t

morgan and citibank over creating features such as displaying their account balances to facebook users or fraud alerts banks are reportedly wary of partnering with facebook especially after the cambridge analytical scandal and a steady drumbeat of corporate data breaches heightened concerns over online privacy but the other side of the ledger big banks may also feel pressure to make a deal from the follow from fear of missing out on the ground floor of the of the merger of social media and finance a merger with the norm is potential profits we'll keep an eye on this and other related stories as they develop. the global heat wave is taking a toll in japan where nearly one hundred people have perished nationwide including at least fifty deaths in tokyo alone last month the new record for the hottest temperature ever recorded in japan was set it forty one point one degrees celsius that's one hundred six degrees fahrenheit on july twenty third and many of the deaths were of older people who didn't have or weren't using their air conditioning a spike in demand for electricity to power those

dreams up onto citibank he's been living in spain illegally for years he talks about how spanish society is changing as more migrants arrive. in sixty minutes d w. they make a commitment. they find solutions. they inspire. africa on the road. stories about people making a difference shaping their nation. and their continent of africa on the move the stories about motivational change makers taking their destinies into their lives playing a double using multimedia series food for god. dot com click on the move. hi everyone and welcome to a new episode of you max before we get started let's have a look at some magical moments of today show. house of illusions rigged to a museum dedicated to the out of cars every. moment of.

to dreams of up to citibank he's been living in spain illegally for years he talks about how spanish society is changing as more migrants arrive. next d.w. . pain swept and caught one of. the seasonal workers on the greek holiday island of santorini. most companies do europe. and put up with extreme working conditions. toiling in paradise. seasonal work in sun told sixty minutes on t w. nico because in germany to learn german television the. why not learn with him d w z learning course nikos fake. his creations. his brand mistake of all colors got that icon of the fashion. look what do we really know about the man behind the dark shades what motivates him how does he think and feel private moments in the life of a great fashion designer is going to someone smash and stuff it starts september not double. hello and a warm welcome to focus on europe it is great to have you with us spain has become the new hotspot for migrants from africa they're heading to europe in search of a better life the vast majority cross the mediterranean and rubber boats and land in port cities like cuts in th

morgan and citibank over creating features such as displaying their account balances to facebook users or fraud alerts banks are reportedly wary of partnering with facebook especially after the cambridge analytical scandal and a steady drumbeat of corporate data breaches heightened concerns over online privacy but on the other side of the ledger big banks may also feel pressure to make a deal from the follow from fear of missing out on the ground floor of the of the merger of social media and finance a merger with the norm is potential profits we'll keep an eye on this and other related stories as they develop. the global heat wave is taking a toll in japan where nearly one hundred people have perished nationwide including at least fifty deaths in tokyo alone last month the new record for the hottest temperature ever recorded in japan was set it forty one point one degrees celsius that's one hundred six degrees fahrenheit on july twenty third and many of the deaths were of older people who didn't have or weren't using their air conditioning a spike in demand for electricity to power th

there is a long list of foreign banks that are failed in brazil, like hsbc or citibank.n the banking 1.0 world, where customers made their decision on where to open a bank account based on who had the closest bank branch, banking branches were a huge asset that the banks created and nurtured. and so in that world a foreign bank had a really hard time building scale and distribution to compete with a lot of the local ones. in this new world, where you don't need branches, all that huge asset of branches becomes like a liability, and so that is what is different about us — we're not competing with the incumbents based on branches, we are competing with the incumbents on efficiency and customer service and lower pricing. you were a very modest company, and now you are $1 billion business, how did it grows so fast? we started, as a lot of start—ups start, in a house, here in sao paulo. we liked the house because we paid very little in rent, the co—founder edward came from the us, so he was on the second floor, then we hired another engineer that lived on the second floor. an

banks for example if china were to say hey you know what there's like three billion people that citibank doesn't control we want to have them on an financial you know jack miles company or some chinese company they've gives us incredible operating leverage in the twenty first century so you know we've overlooked we're obviously overlooking the trillions of billions of people in the in the global economy that china's failures is going to be a huge asset. if i may say yeah and the nightly news here by the way the cable news you would think it's all russia russia russia while we've been focused on first for twelve fifteen years and now russia russia russia like so much is happening around the world it's unbelievable that like how rapidly china is taking our place economically and you we can't control that we can't compete economically sun even russia it's russia nine hundred fifty five yeah but we in terms of this story that i'm talking about is we the united states cannot compete economically anymore against china so we focus where we can compete and we have the absolute moral authority to

julie: we are talking about the world's largest group of credit card, citibank doing some juggling. citigroup is merging that credit card business with its wealth and retail units in the united states. this is according to a memo bloomberg obtained from stephen byrd who leads the global consumer bank. a model the company started in asia and is enacting in the united states. this is a big business for citigroup. two thirds of future revenue growth is expected to come from consumer operations in asia. important for the internal running of the company, not so important for the shares, little changed on this news. let's take a look at stocks overall. we saw on friday sparked by turkey and continuing they, not happening in united states because of the strength of technology we are seeing bounce back after the nasdaq saw weakness last week. nine of the past 10 sessions, up .5% today. semiconductors are leading those, gaining. we are seeing a bounce back in some of the big cap tech stocks. applemiconductors and which deserves a mention. apple shaking off negative news from its big supplier

they were just out of the money previously we are seeing buyers in citibank city is really interesting that start today move to the upside we are seeing 72.5 calls being bought there as well goldman sachs as i was coming on more buyers some in the money and some out of the money very short expiration >> yeah. speaks to the broad nature of what we are seeing we'll see you back here. >> thanks. >> great to see you. >> thank you futures now teams working on the ten year we'll find out how they are trading it next on a day when the s&p, nasdaq, all hit record highs. we'll be right back. year, i am sorry about that. [music playing] (vo) progress is in the pursuit. audi will cover your first month's lease payment on select models during summer of audi sales event. when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. fidelity. this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this

there has always been a connection between the government and citibank, right? >> thanks.ere playing catch-up during the crisis. part of the problem it was difficult to understand in that moment how did we get here? and i think for a lot of americans it was very frustrating watching the bailouts, thinking is this how it has to be? we all back these stumbling giants in the financial industry when they fall? connell: yeah. >> it doesn't seem like america, like a free market. connell: then we thought we have to or else. that was prevailing conventional wisdom at the time which you disagree with, right? >> this idea certain firms are systemic, that we can't live without them, hasn't been proven. it's a theory, a fear regulators v you you mentioned first bank. united states, it was largest institution and it closed. our economy moved along. working with my coauthor on the research, for that roughly a century before citi was backed by the government it was really healthier and more stable than it has been since then. connell: people see breaking news. we'll get to this on the bo

it was breezy in queens, flushing meadow, citibank field and the first pitch of the 2nd inning off theets off casey kelly and they would build a 3-0 lead and the giants were playing come from behind all night long. jose bautista, aka joey bat, deal, his 11th, 4-2 lead. -- deep, his 11th, 4-2 lead. austin slater, just his first of the year, got the deficit to 4-3, but they never get over. 5-3. new york has taken two of three in that series so far. >>> turning to college football, have you heard about this? urban meyer, one of the biggest names in all of college football, so basically you have to say that is why, plain and simple, he gets completely let off the hook. the head coach of the ohio state buckeyes just completely let off, suspended just three games by the school after he basically ignored, lied and looked the other way about one of his coaches who is accused of sexual assault. he gets merely a three-game suspension. that isn't even a slap on the wrist. it's just a complete joke and the more you know about that case, the more you know what a joke it really is. >>> a little more

the -- but going to 2008, do you think that citibank could have been less failed and would the financialved? >> i think it could have because i think that you certainly can do what the law said which is you seize the ensured depository and you pay what it costs to make people hold and that certainly would have been far less from the amounts the government spent both in terms of direct investment and the exposures guarantying so many of citigroups customers. paul: some say no harm no foul, it is difficult and you can be the obviously run the experiment again, you had the government creating all of the problems across the financial landscape in terms of driving all banks into the housing investment. paul: very easy to borrow government guaranty? >> so what we try to do with the book is to say not just look at 2008 and how little explanation, how little math how little real analysis but also how do you avoid getting to that point, how do you avoid getting to this moment where all of the regulators are -- i should say not all, sheila was a voice, all regulators taken as article of faith that

those citibank is bullish trump caveat is that if makes any unpredictable steps it that.mpoon it saysng dollar, we see that happening could be an issue of irrational activity from the resident that you can't discount. matt: sebastian has a dollar chart. legislatialex, we will get an oil chart from you? >> oil and ruble. we have a big russian energy today.reporting so i think it is good to look at russian price of ruble. they talk about 150 a barrel but currency, rubele to a record pretty much and a lot advance is demand destruction and jpmorgan saying high higher u.s. dollar and weaker currencies but it is a good day be a russian oil producer crude surging it a record and later.hould come up if you want to see this that is gtv go. matt: excellent. that is a good point that you made, alex. t is one where i think sebastian has it lose a little ground. gtv go and i rt on think it was already used on a program earlier. don't think that is really in the spirit of belt of the i dos, sebastian, although see a lot of mine. this you will have to win one. congratulations on your first battle of

you know, bank of america and citibank want to give you money. you're saying no. why?gonna decide to become the social police and infect louisiana with these types of policies under which they're gonna restrict our citizens' ability to legally purchase firearms. and so it was a great day in louisiana this week, our state treasurer, john schroeder and many conservatives stood up and said, "no. we don't want these types of corporations representing the state of louisiana." >>mr. landry, what has been the response so far in your state? rush: it's been overwhelming, i gotta tell you. you know, after leaving the meeting and going about and traveling around the state, i got a lot of high fives, a lot of people people appreciate what we did, woke up the next morning my phone had a flurry of text messages from people not only in louisiana but around the country saying thank you for standing up for our second amendment rights and for pushing back against corporate america when they decide to become the social police. you know, because that's a platform best left for the governm

the -- but going to 2008, do you think that citibank could have been less failed and would the financialvived? >> i think it could have because i think that you certainly can do what the law said which is you seize the ensured depository and you pay what it costs to make people hold and that certainly would have been far less from the amounts the government spent both in terms of direct investment and the exposures guarantying so many of citigroups customers. paul: some say no harm no foul, it is difficult and you can be the obviously run the experiment again, you had the government creating all of the problems across the financial landscape in terms of driving all banks into the housing investment. paul: very easy to borrow government guaranty? >> so what we try to do with the book is to say not just look at 2008 and how little explanation, how little math how little real analysis but also how do you avoid getting to that point, how do you avoid getting to this moment where all of the regulators are -- i should say not all, sheila was a voice, all regulators taken as article of faith th

going on the warpath doing the own i'm administration when you got people like michael who came from citibankhe biggest bunked -- bundler of obama and bob ruben and timothy, where was senator warren? people who gravitate to very senior positions in the treasury come from, is it a secret, wall street, that doesn't make them corrupt, what elizabeth warren is angry about that money is going to private sector instead of people sending to washington for her to spend, there's no corruption unleashing american inbegin ingenuity and not having control that she would like from washington. stuart: he made a presentation last week about requiring businesses to ask permission of washington, d.c. to be charted to do business, now she's talking extensively about corruption in the trump administration, the banking industry, i'm taking these as clear signs that she's running in 2020, and i take you do too? >> no doubt about it. she's running on failed policy. that's every american including minorities who have seen record employment, so turning back the clock and going back to a socialist-type of regime wher

the inspiring story we found, no it doesn't have to be that way, for the first century of citibank'sment a few times. ainsley: then the government got involved and bailed them out and is that when the prompts began? >> citi in 1890 was strongest, biggest bank, people globinged to it. then you have the creation of the federal reserve, early 1900s, all of the government support and attention. what happens? pretty soon the government is bailing out citi when it gets into trouble. a lot of loans to the bank in 1920 but not that we can learn about them because the fed won't cough up the documents. ainsley: why won't they release the information? >> this is a big problem. this goes to the swamp and aspect of it, we're not going to be able to avoid repeating these failures if we can't learn about them. we couldn't get records on lending in the 1920s. we just got a letter last year from the fed saying they were not going to provide information on citi's troubles in real estate loans from more than 25 years ago. they said it is confidential. why does that have to be confidential? this is hist

. >> hey we have a citibank in new york endless frustrations in traffic in city could people are notfference -- from animosity towards scooters? of a you visit new york city blue bikes called city bikes in docking zone put in credit card pull out bike use it a short period of time another dock well thought out in areas you push bike into dock you are done. that means you are not leaving the bike on somebody's front doorstep or throwing in it their front yard, or tossing it in back of a pickup truck instead that is happening with scooters there is a bit of chaos to the methodology that they have for using the scooters in a whole business plan, so that is the big distinction, and just everywhere. like mosquitos flies all over the place. >> because i understand how there conbe a nuance isn't this fired up california version of cutting nose to slight is your face not even allowed to drink out of a plastic straw in california yet think it is acceptable to pollute environment lighting them on fire. is this really the right answer can't we think of something more -- >> you know, what the tr