was and as you point out they are it's a protection racket essentially run by the financial stability board and the bank of international said it was out of sorts a land and these cartel member banks are immune from massive fraud and. this is quite clear in this smoking gun letter you say in the film that on this date in two thousand and twelve is the date america dies i don't think i quite sad. no i think today americans it was october third two thousand and eight but in the but the sense of it there is affectively my point is that i paraphrased my point is that you've got. a supernatural organization that is running roughshod over all these individual countries to protect these banks correct in other words there are immunities that were in other words global standards the rules were first to immunities within the bank for international settlements and they're written out in those communities have been in place for the b.a.'s to protect the i.s. of officials and they've been in place for decades but now they've been improperly extended to the cities and that's the problem and you can look

twenty its financial stability board. european union and japan are said to be concluding a historic trade agreement striking the accord would create an alliance equaling roughly a quarter of the global economy on everything from cars to cash even cheese the arrangement would come in stark contrast to the protectionist policies of president donald trump who has used incendiary words about trade agreements and the role of the united states in forums like the north atlantic treaty organization here to weigh in on what it all means for for us anyway former trade commissioner bart shelton bart we've seen agreements. like this in the works for years this specifically an important deal for both parties particularly for the e.u. in light of bracks that some other challenges facing the euro zone recently how big with this deal actually be monumental lindsay i mean given the troubles not just with breakfast but with greece and maybe even little italy it's a big huge deal they've been working on it for years as you say since two tho

and a search for financial stability may be ultimately what pushed the board to push kalanick out of role. >> a big player here. but also see reports of uber losing market share to lyft and perhaps other services and you see the continue where you will al large losses. >> and travis putting uber first, a bold decision. . . . >> kalanick, who cofounded the ride sharing program in 2009 will still sit on the board of directors. a professor said kalanick will continue to play a prominent role at the complainant company, but how is not clear. >> the board may not have decided what do with travis yet and it becomes curious why the resignation was announced without saying what his role will be in the organization going forward. >> a leadership vacuum ands what it faces because it does not have a coo or ceo and now a team of 14 executives. no word on who may replace kalanick as ceo. >>> uber is still rolling out changes even without a ceo. tip the driver if desired. not taking any of it by uber. the -- part of an effort to recast itself as a company with a conscience and heart and had come i

financial stability risk. asset valuation was one of the areas he addressed. across the boardes he said most assets in the united states are expensive. the fed wants that financial stability to be a part of their mandate. you have a massive financial instability or systemic risk, it's not going to function. high valuation comes into play from the perspective of that and if they start unwinding and a rapid way they create a real concern. on the flipside you had janet yellen saying yesterday that we are not here to bailout people who pay that prices were things. we are more concerned about systemic risk going forward and to me that was a major pivot in the way that the fed has kind of executed for the last decade. jonathan: talk about walk backs. this not being the time for a rate hike? governor carney saying that the removal of the bank of england stimulus might be necessary. breaking inflation trade off a lesson with mark carney making these comments in a speech in central portugal. he will be speaking live from that forum in just a moment. can we get an intraday chart of ster