max max it to be fair fair time go ahead point john. he keeps mentioning this this ratio of how many killed in the drone war versus civilians and how many core al qaeda that's not what i was referring to to begin with i mean i was talking about overall our policies in the middle east since nine eleven have killed far more civilians then then terrorists and the i'm talking about the iraq war which you know as reasonable estimates peer reviewed estimates go higher than six hundred fifty thousand people if you think all of those were terrorist ewing's you go. into a mental institution i'm talking also about in afghanistan talking about in pakistan as well with the drone war you know the drone war is it can easily be talked about in terms of how many terrorists we kill but that obviously depends on whether you trust the government to say when a terrorist is killed or when some nameless landless no civilian is killed we know from the new york times for example that the obama administration considers every one killed in the drone war to be a terrorist unless they're posthumously proven to be guilty of terrorism and so you know these numbers are a little bit on the right you know i grant him that i'm going to jump in here part of corporate prayer time sake go ahead max baer time go ahead. sure when i say that there are some successes in the drone campaign you need not take the word simply the u.s. government the terrorists themselves say that the drone campaign has been overwhelmingly effective in decimating their own organisation they say that they're on the run they say that it's harder to be a terrorist they say rely on inspire magazine and make bombs in your in your mama's kitchen don't come back to pakistan don't come back to these areas because it's unsafe for us so when i don't actually go they go to syria. because of the u.s. government but they go to syria now they go to syria go ahead john i'm sorry continue go ahead john. yes so he's saying that the people are scared of the drones are saying get out of pakistan one of the problems is that the civilian population is saying the exact same thing they're living under a terrorist feeling every single day because they have these white little remote controlled planes flying over their head and b

max foster who joins us now. max, tell us what you know. oh, so sorry, we have lost max. max foster's sound there. i'll give you a little bit of an update. she was admitted a few hours ago to st. mary's hospital in the wing where she will be in a private room and give birth there. she traveled by car to the hospital. she was with prince william who always said he wanted to make sure he was with her along the entire ride and will most likely be in the delivery room. we don't have confirmation of that but it was a lot of discussion before this. there was so much debate about the due date. it was last week, was she way overdue or just overdue. there's been a lot of speculation. the country has been at fever pitch waiting for the birth of the rail baby. we don't know if it's going to be a boy or girl. there's a lot of excitement today. whether it is a boy or girl, it will be the future heir to the british throne, third in line after prince charles and prince william. a lot of experts said perhaps it will be the first labor up to 24 hours but it's not clear. let's go to max foster. we have his audio now

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max hybrid. c-max come. c-max go. c-max give a ride to everyone it knows. s more passenger volume than competitor prius v and we haven't even mentioned... c-max also gets better mpg. say hi to the super fuel efficient ford c-max hybrid. >>> hi, everybody. good to have you with us. i'm thomas roberts in for tamron hall today. today the news nation is following day ten of george zimmerman's murder trial. it's the first full day zimmerman's attorneys have been presented their case of self-defense in the shooting death of 17-year-old trayvon martin. zimmerman's attorneys have called a series of witnesses and asked all of them one of the key questions in this trial. whose voice was it screaming for help on the 911 tape? >> it is your own opinion apart from everybody else's that the voice you just heard was george zimmerman screaming for help? >> absolutely, yes. >> do you have an opinion of his voice? >> i thought it was george. >> can you identify whose voice that was yelling in the background? >> george's. >> and how do you know that? >> is i recognize his voic

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max foster. max, good morning. >> reporter: good morning. this is the week. if we are going to go on what is the little bit of information we have about her due date. kate did say, at one point, mid july. we don't have further information. the palace will not give a specific date. if it is july, it will be this week. prince william is relaxed. he was playing polo a couple hours from london. he didn't feel it was imminent, i don't think. he wouldn't be that far away if it was the due date. meanwhile, kate was with her mom about an hour away from here. i can give you the latest information, william is not going back to work for the next few days. that does suggest he's on stand by. he's been working a lot rece recently. he does a week on, week off. that's standard. he's ready to go to the hospital here where they are due to have their baby. things are going as planned. >> mid july is all we know. we'll take the duchess at her word that it is. >> pregnancy, having a baby isn't imminent until it's imminent. no one is in charge, but the baby. thank you, max's a crowd outside the hospital waiting. >> we are going to take a look at the trends on the cnn website this morning. halle barry is married, again. she tied the knot of the weekend. 60 people in attendance. they had a fireworks display. they have been an item since 2010 and expecting their first child together. >>> chris brown is set to be in court. the judge asking if it's grounds for throwing the singer in jail. he got in a fender bender and he didn't give the other driver his license number or insurance information. brown says it's not true. it could violate the assault case with rihanna and land him behind bars. >> harry potter is not all that's on j.k. rowling's mind. the cuckoo calling was wrote by her. a private investigator looking into the death of a supermodel. a former police officer who worked in pry sat security. the author of rawlings herself. sales of the book have soared more than 500,000 on amazon. sthak is something. >> let's bring in chris and kate. hi, guys. >> go

max one. c-max two. that's a super fuel- efficient hybrid for me. and a long range plug-in hybrid for you. now, let's review. introducing the ford c-maxd the ford c-max energi plug-in hybrid. say hi to the c-max hybrids. >>> before she came to washington, elizabeth warren taught law school. specifically she studied and taught at the law and economic lives of ordinary american families. she wrote readable, popular books about how the system was stacked in favor of people who were already rich. and the system left ordinary families going broke. she did not become elizabeth warren force in washington until the great recession, and the worst of the panic, she was appointed to be the leading watchdog for the $700 billion bank bailout and she was rather ruthless at it. that was part one. part two of elizabeth warren versus wall street begins here in july 2010 with the passage of wall street reform. that reform started to rein in the banks. which protects middle class and working class american families. regular plain jane consumers from the predatory fine print that wall street uses to scam people. elizabeth warren seemed like an obvious be

max one. c-max two. that's a super fuel- efficient hybrid for me. and a long range plug-in hybrid for you. now, let's review. introducing the ford c-max and the ford c-max energi plug-in hybrid. say hi to the c-max hybrids. >>> i'm mary thompson with your cnbc market wrap. records marked again a wall street as the dow hits a new high. the s&p climbing 8 to have hid a report of its own. the nasdaq finishes up a point. >>> in a huge sign of confidence, moody's just upgr e upgraded the outlook on the u.s. credit rating. >>> in the meantime detroit just became the largest city in u.s. history to file for bankruptcy after a dead kay of declining population. now back to "hardball." >>> we're back. think about this. the republicans were convinced that obamacare will be as unpopular as they say they will be, would they be trying so desperately to scuttle it. told you so. instead you had the gop today actively rooting for it to go badly at the outset. you had them making purely symbolic -- yesterday marked the 38th and 39th attempt by the house of representatives to repeal the measure. maybe what they're afraid of is the law will succeed and b

max, you have the unique perspective of big outside of the hospital. is max still out there? >> reporter: i am here. the middletons are about to come out and are going to speak to us. i will be lynched by the photographers if hype in their shot. >> we certainly don't want that. max, we'll check back in with you then and hope they come out and speak to the cameras. thank you so much. >>> victoria, thank you for offering your unique perspective. >>> here are some other stories were following this morning. al qaeda has reportedly taken responsibility for a late-night jailbreak at two prisons in iraq, one at abu ghraib. militants attacked with mortars and grenades while inmates set fires on the inside. 21 inmates and 8 guards were killed, more than 500 escaped. >>> edward snowden does not have the so-called security crown jewels, according to an official familiar with an ceasement of what the admitted leaker got his hands on. snowden faces charges in the u.s., blue remains in a moscow airport waiting for a decision on his question for asylum in russia. >>> well, top guns deserve top pay, but the air force just can't compete with civilian lines. according to "los angeles times," that's led to a short an of 200 fighter pilots this year. for a nine-year commitment, it

max one. c-max two. that's a super fuel- efficient hybrid for me. and a long range plug-in hybrid for you. now, let's review. introducing the ford c-max the ford c-max energi plug-in hybrid. say hi to the c-max hybrids. >>> let me finish tonight with martin family. a lot of defense attorneys over the years have opposed giving rights to the families of the victims. i think that's wrong. i think it's vital when we speak about murder cases, including capital cases, where execution is a possible sentence that we consider the alleged criminal act, itself. we need to look at what happened. the full horror of it. and that includes the horror under the families of the person killed. there's nothing colder than to prevent the purpose of the law, the emotions of a jury, for example, should be swayed by the punishment facing the accused. the jury should see the horror inflicted on victim as seen in the wries of the family and those close to victim. i know this isn't a popular notion or hadn't been, at least, before this trial of george stimerman. perhaps now seeing the martins and hearing their grief, we have a stronger sense when it comes espec

max hybrid. c-max come. c-max go. c-max give a ride to everyone it knows. er volume than competitor prius v and we haven't even mentioned... c-max also gets better mpg. say hi to the super fuel efficient ford c-max hybrid. loses his computer, exposing thousands of patient records to identity theft. data breaches can happen that easily. we don't believe you should be a victim of someone else's mistake. we're lifelock. we constantly monitor the web so if any of your personal information is misused, we're on it. ♪ ow. [ male announcer ] call 1-800-lifelock or go to lifelock.com today. >>> all right. 38 past the hour. we all know mayor michael bloomberg don't want you drinking big sugary sodas. right? you've all stopped? >> i'm not giving up my slurpee. >> especially if you ride an elevator. the mayor rolling out a new initiative for employees to take the stairs. he wants buildings to be designed with open spaces so people would have to walk more during the day. also the bikes in the city. trying to get everybody moving even in the very congested city of new yor

max hybrid. c-max come. c-max go. c-max give a ride to everyone it knows. has more passenger volume than competitor prius v and we haven't even mentioned... c-max also gets better mpg. say hi to the super fuel efficient ford c-max hybrid. since aflac is helping with his expenses while he can't work, he can focus on his recovery. he doesn't have to worry so much about his mortgage, groceries, or even gas bills. kick! kick... feel it! feel it! feel it! nice work! ♪ you got it! you got it! yes! aflac's gonna help take care of his expenses. and us...we're gonna get him back in fighting shape. ♪ [ male announcer ] see what's happening behind the scenes at aflac.com. >>> welcome back to "morning joe." at 46 past the hour here with us columnist for "the washington post" kathleen parker. a lot to talk to you about this morning. what was that you just said about the truth? >> i said there's no profit in telling the truth because i live in washington. >> that's true, actually. >> that's a whole different conversation. >> reading all the excerpts of mark leibovitz boo

i talked about the choice earlier tonight with correspondent max foster and correspondent max foster and cnn victoria arbitur. max the prince, george alexander louis. take us through the announcement of the name. >> yeah, we didn't really know what it would come and could have come over the next few days but the visit by the queen to kensington palace that got me going. william said yesterday they were working on a name and we had to interpret that. had they chosen a name? had they not chosen a name? the queen popped over. i suspect he wanted to put it past her first in the first visit to the baby, her first sighting of her great grandchild and future heir. so i think they put it past the queen and got me thinking and by the end of the day in an email. that's really the sort of conclusion to this whole royal baby story. >> as you say, today's announcement was relatively quick in royal standers. it took charles and dianna a week to come up with the name william, right? >> it did. but also, they were very quick on harry, so there is a difference there. and also, i think this is linked in, wolf, to a statement i got

max hastings. his newest book is "catastrophe 1914: europe goes to war." max hastings, what is the best website to contact you? >> all they have to do is google max hastings and they will find us at max hastings.com. i look forward to hearing from you and i answer every single e-mail to my website. >> politics and public affairs featured on c-span featuring live coverage of the u.s. senate during the week. every weekend, the latest nonfiction authors and books on booktv. and when it comes to women, none of us really wanted to become victims. now, a woman who wanted to be a doctor when she was a kid. so i can also tell you that when she was 16 she fell in love with a young man they would laugh at each other and they would have a crush with each other. until the war broke out, they had a happy marriage. when the war broke out, it took everything away from them. he started drinking. he became an alcoholic. and then he started beating her up. when he left from prison, he divorced his wife. i want to tell you that she was raped two years ago by a soldier she did not know who he is in congo. but that is not only her, she is a woman who made up her hair

max, i've never seen you look better. do we have max in the shot? there you are. you turned into a young woman, max. back. >> reporter: yes. she arrived just a few hours ago. it was dawn here in london. they came in a couple of cars out the back. wasn't a big song and dance. then the announcement was made she was in the early stages of labor so she wasn't induced. because that would have happened in the hospital. i've just been told as well that she is progressing normally with her pregnancy and her labor. that's good news. also in terms of what happens from here, some clarity. you'll know that when the baby's born, a notice will be taken from here to buckingham palace, placed on an easel. we're trying to get the full information about what we're going to get on that. we're going to get the sex and weight on that but we're not going to get the name. we're not going to get the name probably for a few days. possibly when the couple leave the hospital. so every bit of information is being fed on here. that's the latest bit of information. but a huge media presence as you can imagine. >> max, thank you

max one. c-max two. that's a super fuel- efficient hybrid for me. and a long range plug-in hybrid for you. now, let's review. introducing the ford c-maxe c-max hybrids. >>> you know, the olded adage, you want something done, you have to do it yourself. this week's food soldier took that saying to heart and to the streets, literally. check out the screen behind me. it's a sight we're all familiar with. potholes. well, our foot soldier decided he'd had enough of the problematic pavement predicaments. ron chaney is a t-shirt designer in jackson, mississippi. and on memorial day, ron and his girlfriend were driving to a holiday breakfast, but before they could eat, they were already fed up, because of how bumpy jackson's potholes made the ride. ron found himself not for the first time complaining about these potholes, and that's when the couple saw an inspiration in the form of a bumper sticker on a van, which read, "quit bitching and start a revolution." that was all the push "tron" needed. armed with a shovel, a push broom, he decided to get to work. he knew of a large mound of asphalt, so as a taxpayer and business owner, ron felt it w

let's go to max foster right now outside the hospital where that baby is now resting comfortably. max's a very simple line. it's less than a sentence. "we could not be happier," says the duke of cambridge after the birth of his new son. he'll be spending the evening at the hospital tonight. presumably that means he's staying overnight tonight with the duchess and his new boy and they'll be out in the morning. i think that's probably going to be the last update we're going to have tonight. prince william saying "we could not be happier." >> the sentiment of many, many fathers at the birth of their child. of course he'll be spend being the night at the hospital, which is a richutual, an uncomfortabl one for many new fathers. let's go to christiane amanpour. >> you're seeing so many fantastic aerial shots where so many landmarks have been dolled up in red, white and blue. we saw the bridge in blue, the great telecom tower proclaiming it's a boy. not far from where i am, which is just up the malle they call it, the fountains have turned blue and we understand that tomorrow is when the acc

max born -- sorry. when max born who features here came to cambridge to give a talk he was introduced by rutherford to oppenheimer and the two began to discuss board interpretation of quantum mechanics which became part of the copenhagen interpretation and oppenheimer became impressive during that meeting but boren said to him exceptionally, and in a professor. also at that time oppenheimer met one of the leading physicists in the movement, the great danish physicist who have already done pioneering work a little bit older than heisenberg and paul dirac, fundamentally important work, fundamental model of the nucleus. and everyone oppenheimer admired and as a scientist and a man, the ideal, 0 who the most looked up to, and left cambridge and went here. at cambridge he had been floundering and was confident and suave, and max born. had no objective reason to be intimidated by this young man. max born fundamental contributions to physics himself. and was not just impressed by intimidated by oppenheimer, oppenheimer completed his ph.d. within a few months, and collaborated with mack's board. in the space of less than a year went to somebody in the depths of a deep depression to somebody who collaborated riding joined papers, of the leading scientists in the world and they made a famous contribution to physics, born oppenheimer approximation and a look at clinton chemistry you will seek the oppenheimer approximation of energy in a molecule and it is part of -- still alive today. within a few months of being there. exciting things were happening in physics in europe in that period in a great demand than america, people trained, in europe generally. by the time he finished in the summer of 1927, in great demand had job offers, accepting the job until he had done more studying himself. back in america as postdoc

max one. c-max two. that's a super fuel- efficient hybrid for me. and a long range plug-in hybrid for you. now, let's review. introducing the ford c-max energi plug-in hybrid. say hi to the c-max hybrids. >>> 26 past the hour. joining us now from washington, executive editor of the national journal, adam kushner. the latest issue features a special report on 250 top officials steering the obama administration's second term. adam, take us through it. you're looking at 250. how senior do they go and what are you looking for? >> all the way. we start with we want to know who are the most important people running the government and we start with all of the senate confirmed positions, cabinet secretaries, assistant secretaries. we subtract the ambassadors, add some important people like chiefs of staff, and the white house is a little more subjective. we asked our readers and editors who's important. we profile all of them and find interesting things. one thing we found this year for the first time, that we've been doing this survey which is every four years, now white men represent a minority of people in top administration posts. they're

max one. c-max two. that's a super fuel- efficient hybrid for me. and a long range plug-in hybrid for you. now, let's review. introducing the ford c-maxbrids. in miami, coca-cola is coming together with latino leaders to support hispanicize, and the adelante movement. teaching tools for success, and fostering creativity. these programs are empowering people to lead positive change, and helping them discover how great a little balance can feel. through initiatives like these, our goal is to inspire more than three million people to rediscover the joy of being active this summer. see the difference all of us can make, together. >>> they're calling it the sweetest comeback in the history of ever. >> ain't that america. >> right. >> next week, more than 50 million twinkies will return to store shelves for the first time since hostess went bankrupt last year. i'm going to eat half of those 50 million twinkies. nbc's kevin tibbles has the story. >> reporter: at the time, it was unimaginable. the golden child of american confections. spongy, creamy, rumored to last forever without going bad, and then -- it was curtains. >> could we soon see

max. we want to thank max and harlem book fair for letting us be part of this great event. this community has been very good for us adopting our service ended is great to be part of something and give back a little bit. we believe we can be a real catalyst, real help when it comes to getting books out given the explosion in smart phones and mobile internet. we feel we can be a great contributor to helping expand books in the community. congratulate max on his 15 years and thank you for letting us be part of this great event. thank you. [applause] >> our first panel is titled methodology of race, science and health. before i introduce our moderator i want to acknowledge rich who worked with me tirelessly in pulling these panels together. .. >> and civil, civil liberties. he is a professor of humanities and social sciences. he says here at wfts university, so you have me there. >> tufts. >> oh, that's tufts. you know how these academics write. [laughter] okay, and visiting professor at brooklyn kenneling. please well -- college. pl

max? >> we are maxing out, as capacity in the system. the people talking about having 1000 seats on an airplane. that means you have to get thate people often evacuate them in the case of emergency. so far so good, but we are maxing. jon: what about the regional planes they have relied on? >> they have had issues. while the system is safe as well, a lot of people think the statistics are just not as good in terms of safety for the commuter airlines. they're working on it. they are addressing the fatigue issue that have. there are other issues like making sure everybody has experience level necessary to operate passenger aircraft. jon: ministry will have talked about another time. upright and locked position. thank you. >> thank you for having me. jenna: you think of roundup in texas, he may think of something different than this next story, but an unusual frisbee competition featuring robots. the frisbee throwing robots face off in austin, texas, over the weekend in the third annual texas robots roundup. 42 teams battling to determine who had the best robots. this year they had to fling a frisbee a target and climbed up the tower. that is what they did in texas. i was looking for the winter, could not find it. ma

max foster and victoria arbitur. max, we have a name for the prince, george alexander louis. take us through the name. >> we didn't know what it would come and could have come over the next few days but the visit by the queen to kensington palace that got me going. william said yesterday they were working on a name and we had to interpret that. had they chosen a name? had they not chosen a name? the queen popped over. i suspect he wanted to put it past her first in the first visit to the baby, her first sighting of her great grandchild and future heir. so i think they put it past the queen and got thinking and by the end of the day in an i male. that's really the sort of conclusion to this whole royal baby story. >> as you say, today's announcement was relatively quick in royal standers. it took charles and dianna a week to come up with the name william, right? >> it did. but also, they were very quick on harry, so there is a difference there. and also, i think this is linked in, wolf, to a statement i got a bit earlier, some words of guidance this is their private time. they want to spend time with their son and they have gone to buckle berry to the home. i think there is a message they think this is over. they gave that to the world media yesterday. we saw those extraordinary scenes but want to be on their own. they want the media to stay away and coming out with the name at this point, there is less to speculate. >> that's a good point. we learned prince harry and ann pippa should we call her visited the new baby today. how did that go? >> we haven't got much information on that and we didn't find out about pippa for awhile. she went through a backdoor. they announced harry had met the baby. so they were in kensington palace for a day. they stayed overnight. they met the queen and enter deuced the baby to harry. they are a very tight unit, mother, father and baby and around them the immediate middleton family and harry and prince charles and the duchess. they have all met the baby. now it's time for the family to bond, and they want the media to stay well out of their way. >> good point, too. let's bring in victoria. george was certainly the popular choice among better firms. what's the significance of this name? >> if george was a front runner, there have been six king georges since 1714. the last prince of cambridge was prince george and the queen's beloved grandfather george the 5th who was the found e of the house of windsor. so there are a lot of polstive george sentiments here. so i think we did expect to see george. it's also become quite cool and trendy again in the uk so a child can go to school and no fear of being teased for classmates for too old-fashioned a name. >> george is a lovely name. alexander and louis, is there a special significant for those names, as well? >> i think there are. they have been very, very clever here in honoring family members. alexander is, of course, the male form of alexandria, which is the queen's middle name. princess alexander is william's god mother's name. louie, it is a middle name of prince william but the uncle of prince phillip, much beloved uncle. charles adored him and called him an honorary god father. so i think, really, a nice way to pay tribute to a family member from phillip eastside but someone charles so greatly adored. >> very nice point. and maxat is next for the new prince? >> well, the next public event, if you'd like, is a photo shoot, a stills photographer will be invited in to take pictures and share those pictures and then after that the christening probably october. that will be a moment. some talk about us having opportunity to film the birth certificate we -- being signed. we got the name, but it's not entirely conclusive because will he be known as prince george, if you consider prince henry is known by his nickname which is harry and there are other royals that have taken their middle names. so maybe he'll be prince louie. for now he's certainly prince george. >> he certainly is. max foster thanks very much. victoria, thanks to you, as well. >>> as you've been hearing, the new prince is now third in line to be king, yet the day before yesterday, prince harry was, now he's number four. when it comes to future kings and queens in britain, the first to arrive does not always get to wear the crown. "360s" tom has the r

max, appreciate that. keep us updated, won't you? max foster there in london. >>> well, you heard from her there in max's story.. this is one member of the royal family who maybe isn't so much on the baby bandwagon. she is 87-year-old margaret rhodes, she is the queen's cousin and known to be her lifelong confidante. our christiane amanpour sat down and talked with her. >> as we sit here the whole world is waiting for the birth of kate and william's child. are you excited about the baby? >> not terribly. >> why not? >> well, you know, everybody has babies. and it's lovely. but i don't get wildly excited about. >> special heir to the throne? >> i know. >> history. >> all right. i've got that to be excited. >> she is quite the character. you have to check out the full interview with christiane. it really is fantastic. cnn.com/amanpour. >>> a television and movie star stepping into a new role to help refugees who have fled the civil war in syria. what lucy lui is doing impacting your world. the great outdoors, and a great deal. grrrr ahhh let's leave the deals to hotels.com. perfect! yep, and no angry bears. up to

max baucus, chairman of the finance committee. >> not even running again. >> not even running again. >> i'm smiling because i know exactly what i'd say to max baucus without saying it to maxbaucus, you know what, max, you're not going to be in this chamber next year, but i'm still going to be president. i would never say that myself, but somebody might say that to him, and you're probably going to want to work in this town. >> the shocking part of this story is that the president couldn't get those four democrats to vote. i know it's not going to get you to 60. >> i need people to vote who come from a gun culture like i come from to see the benefits of this bill. it really enhances and strengthens your second amendment rights. it asks for the responsibility when you go to a commercial transaction -- >> but offices from montana, which is a gun state -- >> the president does not come from a gun culturement of the president doesn't come from it, and that's not where they are. so for the president to come out and convince -- this is one time he might not be that person to bring that fight to -- >> is the bottom line is the only way this passes is i'm not going to -- if i'm th

max, autosome, a target, starbucks, also carr max and delphi automotive. not bad. with the consumer names you cannot ignore gold on a day like this. it is rallying with the dollar sinking. $37 in the after market session, doesn't that look like a high? it could be. the money from the fed is not stopping with the dollar goes down almost always gold goes up. but let's get to the floor show traders and nicole petallides at new york stock exchange but first our traders, john, right out of the gate the s&p and the dow hit all-time highs that is something to marvel at. >> what i like to see the we have not seen before is a nice flat line with not a lot of volatility. we opened up and we stayed the course except the last 50 minutes but that shows healthy movement. we will see up 100 and down 100 and back pergonal it shows conviction. they are reiterating that fact. we're in the second half of the year anti-ms. redding out so now with the opportunity comes up for them to get involved there is ii with the market to be real for now and i think we will see some more facts tha

max may have bitten off more than he can chew. the confrontation quickly escalates as bat max whips back his cape and prepares for battle. poloboy follows with his impersonation of spiderman. maxnot amused, and before you know it, holy fists! it's on. >> i didn't expect that at all. i knew it was going to get verbal, but i was really not expecting it to get physical. >> smack, bang, pow! it's a two-man melee. bat max gets polo boy in a headlock. but the tides quickly turn as poloboy lifts him in the air, slams him onto the pavement and follows up with a serious of fists to the head. >> when he slams me, he slammed me onto the water bottle. so the impact on me wasn't that bad. it looks like it's really brutal, but it didn't hurt. it hardly affected me at all. the rubber took a lot of the impact. >> shop owners call the police who quickly close in on the scene and stop both men for questioning. no charges are filed, and they're told to go their separate ways, marcus who is filming everything sees polo boy afterwards, shows him the video and gets a post fight interview. he posts the video online, and over the next few months his video of the bat max beatdown on the vegas strip ge

max. >> when you have a name like max foster, it's like he's a superhero. >> meant to be on tv. >>> comingp, prices at the pump. they are going up. when will it end? money time is next. i want to make things more secure. [ whirring ] [ dog barks ] i want to treat more dogs. ♪ our business needs more cases. [ male announcer ] where do you want to take your business? i need help selling art. [ male announcer ] from broadband to web hosting to mobile apps, small business solutions from at&t have the security you need to get you there. call us. we can show you how at&t solutions can help you do what you do... even better. ♪ to your kids' wet skin. neutrogena® wet skin kids. ordinary sunblock drips and whitens. neutrogena® wet skin cuts through water. forms a broad spectrum barrier for full strength sun protection. wet skin. neutrogena®. for full strength sun protection. by earning a degree in the field maof counseling or psychologyth from capella university, health. you'll have the knowledge to make a difference in the lives of others. let's get started at capella.edu. >>> i would say it's a b

max kaiser time now to go to san francisco and speak with walt rector of testosterone pit dot com wolf regular welcome back to the kaiser report thanks max well listen a choice back on right now wolf roger tell sir what is happening in the real estate investment trust market first but first explain exactly what a real estate investment trust is how big this market is really invest real estate investment trust is a company that functions like a fund and it issues equities or stocks sporadically multiplies that equity by borrowing usually overnight in the short term market near syria interest rates and then ends up buying large amounts of mortgage mortgage backed securities with it usually in the united states those would be government backed mortgages from fannie mae and freddie mac. are cheney may and they're getting a unique tax treatment if they pay ninety percent of their income in terms of dividends then they don't have to pay income taxes on the income tax or their responsibility of the stockholder now there's been a massive unwinding right as interest rates have ticked up recently these highly leveraged also investment trusts have seen some selling pressure correct. right and there's two things that happen one as you said their interest rates are rising in the mortgage market as the fed has threatened to but has not yet actually done it tapering mortgage backed their purchases of mortgage backed securities so rates have responded to increasing by over a percentage point since early may and that has cost the value of these mortgage backed securities to drop so reid's have gotten. margin calls and they had to do was forced to sell mortgage backed securities at lower prices and therefore contributed even to the decline in the value of mortgages so you had a lot of margin pressure going on and that put additional pressure on on mortgages mortgage backed securities and rates even more so you had a little bit of a negative feedback loop there right now wolf let's go back to the two thousand and seven two thousand and eight period you had the sub prime crisis which led to a bursting of the sub prime bubble which led to the bursting of the financial markets as we as we knew them at that time and we lost a couple of banks lehman brothers bear stearns it was the worst financial crisis in decades credit and it's all tied to principle a the unwinding for the meltdown in the securitized real estate market so now what you're describing to me now is pretty much what everyone feared would happen because the response of two thousand and eight from bernanke in his predecessor was to simply reinflate the real estate bubble to unsustainable levels so is it fair to say that route of point now where the bubble has been reinflated and now this new real estate bubble is bursting wealth even the fed is worried about that and the fed has actually pinpointed reads as one of the major reasons for jailing the purchases because the. we're getting out of hand these streets are very large they have grown at enormous rates and even though they're not as large as citibank or bank of america they can still do severe damage to the financial system if they if they blow up and so yes there really is a bubble that has recently been cost is something that the fed is looking at and they're worried about the street so we're very specific about the streets all right so well if you have a situation here where artificially cheap rates engineered by the fed as a way to balance bankers a real estate developer of the fire economy which is the finance insurance and real estate economy it's just a question of whack a mole so yeah the sub prime market blew up yeah millions of americans lost their homes and the hedge fund market take over the equity from homes for millions tens of millions of americans the largest wealth confiscation in the black community in america ever since slave days but now it just popped up in this region market so is there any point to this the american economy other than blowing bubbles for the benefit of a few deranged bankers. well i don't see any particular point in it you mentioned in one of your. shows the tsunami of debt and that's exactly what we're having here the reach of benefiting at this point from the tsunami of. debt which means building up debt and generated a lot of wealth for those inside so there you have to remember that reads a living off of fees so for example american agency american catholic. it's just a fun doesn't have any employees but takes one point two five percent of its assets in terms of fees for the holders and so that's if it has one hundred billion in assets that's one point two five billion per year that it sets out in fees so yeah there are beneficiaries of this and all the fun last night these fees are they won't be paid back if any of these rates go bankrupt you know they're gone they're in the pocket of some people and at the same time they said very high risk that some of these regions reads will fail you know they have one hundred billion in assets they have ninety billion in debt and this debt is high risk stuff it's overnight barring short term investing it in long term instruments so you have a duration risk there is a very very risky investments with that pay hike the evidence and so other people look at the mess a cure but they're by no means secure right so the hedge fund industry engineers' low interest rates to finance their speculation talking about the two thousand and seven two thousand and eight period they inflate there's a massive bubble you have the sub prime mortgage crisis and people like andrew and mazola countrywide involved in massive fraud all the major banks wells fargo one ball of berkshire hathaway's banking properties involved in massive fraud maybe. oh the bubble of bursts then i want to lose their home and they reenter the market as ranters but now they're paying rent to the hedge fund community then now owns the majority of all these properties that went bust but now something very securitized them into rates and the bond markets going against them the roots are going to blow up the people are going to lose their homes again but there has runs make another fee right they've never not made a fee correct. yeah they are always getting their fee so are all the security dealers that that supply them with to issue their security so it is a wall street is a man so that it's that's what it's all about and the risks are borne by others so in this case by investors by homeowners who have down the line so in two thousand and seven two thousand and eighty two up this time around the fed is trying to keep it from blowing up again so it's talking about tapering and it's going to taper later this year most likely to keep the thing from blowing up but it's already risen to massive proportions you mentioned the headphones buying private equity funds buying homes here in the united states that's at the sea. huge number of homes are bought by the they're trying to run him out they can't run him out there no vacant they went off. for sale it's to their for rent list and so no they're no longer appear on the one list that we look at which is him and tore it for sale and they're now on the list of nobody looks at which is inventory for it and so we have created a huge bubble through that process and of course when it blows up or back to where we were in two thousand and seven two thousand and eight. for a second because for thirty years the trend of interest rates was down ever sence the volcker days back in the race. in years when they came in and they got rid of they are they managed to get that fifteen percent ten year rate down it's been going down for thirty years it appears as though in the last six months interest rates of hit a secular bottom and we're now entering into a secular move higher interest rates do agree with that number one and number two doesn't that mean that any hope of tapering is is not really the issue so much as what is the fed going to do in the face of a secular bear market and bonds that there's not really that they've lost control wall because i'm saying they don't have an option to taper or not taper they have a major catastrophe brewing what are your thoughts. well they they're pretty smart people and so they know that they have created a bunch of bubbles and they're worried about them they're worried about the banking system blowing up there representing the banking system and they don't want to blow up again so they're i think they're they're really interested in putting a lid on this short term rates will remain here all the fed can't control those the fed controls long term rates by purchasing assets bonds mortgage backed securities etc and when they taper those when they actually taper those those long term rates will likely go up further towards some kind of natural level and a more natural level if there is such a thing left these days and so you will have a larger gap between short term rates between us euro and long term rates long term rates determine what mortgages. will be priced at and that will determine what people can afford in terms of houses so rising mortgage rates will put tremendous pressure on the housing market in the united states right that sure they can attempt to keep short rates cheaper but on that ten year bond which is the key market for a. mortgages and all other interest sensitive products it's on the way up and that means that all the collateral on these banks' balance sheets is impaired so where is the fed going to go and that's it's almost as if let me given a description of how i see this and you tell me if i'm right or wrong with this description it seems as though saw at some point over the past five years the u.s. economy in the global economy effectively capsized so that everybody that was above water is now underwater and just like that movie the poseidon adventure people who think they're escaping are actually moving deeper into the belly of the beast so the policies by the fed are actually the absolute opposite of what they should be doing to get this ship of state right side up again they don't know they don't understand that they have capsized the ship won't rector what are your thoughts your thoughts it's a very good description. i think that the fed has backed itself into a horrible corner and they actually know that and so we have a lot of confusing we have a costly really affect top trying to prepare the market for what the fed thinks has to come in. some kind of return to sustainable rates and and just add that we're all dead. confident that we've had it turn the markets upside down so it's clear that this is not going to be an easy thing it's clearly a good score to be a lot of bloodletting and at some point the fed may decide that it can't really move forward i mean if it can turn around on a on a dime and can say where we're going to continue our purchases where me q before they can do that at any any point in time requirements of what that does to the real economy i mean there are worried about wall street all right well further out of time thanks so much for being on the kaiser report thank you max. all right that's going to do it for this edition of the kaiser report with me max geyser and stacey ebert i'd like to thank our guests wolf rector of testosterone pit dot com if you'd like to get in touch tweet us at kaiser report and. bio. technology innovation. developments around russia. the future of coverage. i. couldn't take three. three three. three.

max least of all it's your job or you've got to go read time ok this is the book planet plans they all right thanks for being on the kaiser thanks for having me here again max all right that's all the time we have for this edition of the kaiser report with me max kaiser stacy herbert i'd like to thank our guest mitt feinstein plan of ponzi dot com if you'd like to get in touch tweet us at kaiser report and so next time ask i was in by up. to. this point so no two updates on you trying to transmission makes for a smoother ride. bush and scientist. says he's laser sight some joke on one of the take mr talentless. leave the country. please liz. liz . interview. a. little bit. clumsy. but speak. to. her or her. mother with. a little. bit longer misleader a little. luck. and . let her. know maybe a little. edward snowden could make russia his home but still lacks the paperwork to walk out of a moscow airport transit zone for the u.s. was a blow is still waiting for a decision on his asylum application. the n.s.a. phone data color. program the snowden exposed it will stay in place as the u.s. congress rejects legislation aimed at the government spying activities. and the u.k. launches an ad campaign to persuade a legal immigrants to text the old sto

max foster. he's been covering this story from the beginning, practically delivered this baby himself. maxow hearing from the family. >> yes. my wife and i are overjoyed at the arrival. my first grandchild. we are so thrilled for them on the birth of their baby boy. grandparenthood, says prince charles, is a unique moment in anyone's life, as countless people have told me in recent months. i'm enormously proud and happy to be a grandfather for the first time and we're eagerly looking forward to seeing the baby in the near future. >> prince charles is first in line to the thrown. now there is a baby at 8 pounds, 6 ounces, baby cambridge, as he's being called, who is third in line to the thrown. what details do we have about the delivery itself? >> so it was a normal r.