let's get the view from the world financial center on this was our correspondent standing by yes the idea here is to create a german banking giant that can hold its own among the heavyweights of the industry is wall street shivering already well so far wall street is not really pumped up about a potential merger between the two and tim if you compare for example the doj a bank and commerzbank together they might have a market cap of a good thirty billion dollars in comparison to j.p. morgan it's worth about three hundred fifty billion dollars so more than ten times as much and if you look at the u.s. banks in the past couple of years they've done their homework after the financial crisis we saw billions of dollars in write downs we saw hundreds of thousands of layoffs with that they could restart sort of from zero and seem to be quite stable at this point and we cannot really say the same about the bank or other european banks either and also want to help some of the u.s. financial institutions is that here in the u.s. we have higher interest rates and that is also not the case over

important what really some of us might want to focus on is that on them is the biggest financial center in the world and there are a lot of derivatives and a lot of financial instruments that might be affected by dropping out like this sterling will take a hit the european union will take a hit and that might have some intended consequences for asia and other parts of the world. what's what's the best option for you then would it be some sort of a softer breaks in or perhaps a second referendum. well we've got three scenarios here we've got dropping now without a deal. we've got a situation we're getting the extension of all it's cool fifty and then we might get a soft breaks it now the extension if it's three six or nine months can lead to any think in that time and that will be up to the e.u. to accept. by the prime minister in a week or so as time just one week before we really saw a right yes referendum in general is going to have to we're going to have to leave it there john john ryan three share your our thoughts on that we're going to have to leave it there we are a couple of minutes away now

in the united states as the great manufacturing center of the world. financial institutions used to be a relatively small part of the economy and their task was to distribute unused assets like a bank savings to productive activity buying our way to. money. holders. on the back of the reserve bank can. be highly providing an. outing money banker of the community by making. money for a manufacturer or ongoing high coming. to unlock and remodel her arm and her money on a good reason why people are always needing more cramming and i have immediately available . and. it's a contribution to the economy. regulatory system was established banks were regulated the commercial investment banks were separated cut back for risk investment practices that could harm private people. there had been remember no financial crashes during the period of regulation by the one nine hundred seventy s. that changed. the story getting that huge increase in the flows of speculative capital just astronomically increased an enormous changes in the financial sector from traditional banks to

in the united states the great manufacturing center of the world. financial institutions used to be a relatively small part of the economy and their task was to distribute it in buying our way and had on hand a reserve of money. holders to monitor on the back of the reserve bank can create gratin call be tied to providing an. auditing money i'm banker of the community by making the national credit available for many purposes for a manufacturer to meet him during my coming period to unlock and remodel her car and her money on a good reason why people are always needing more granting and i have immediately available. that's a contribution to the economy. regulatory system was established banks were regulated the commercial investment banks were separated to back very risky investment practices that could harm private people. there had been remember no financial crashes during the period of regulation by the one nine hundred seventy s. that changed. the sort of getting the shoe increase and the flows of speculative capital just astronomically increased an enormo

britain is the fifth largest economy in the world and the largest financial center in the world and ifs, that leaves the european union, including its permanent seat on the united nations security council and the nuclear deterrent, the second most effective in the western world after the united states. neil: john brown, well said. and west palm beach, he worked very hard in his life. john brown, good seeing you. >> thank you very much. neil: we're continuing to focus on the protests in paris, nobody is hurt and that's the club that britain wants to break from. sometimes you can't blame them. more after this. after months of wearing only a tiger costume, we're finally going on the trip i've been promising. because with expedia, i saved when i added a hotel to our flight. ♪ so even when she outgrows her costume, we'll never outgrow the memory of our adventure together. unlock savings when you add select hotels to your existing trip. only when you book with expedia. you're smart,eat you already knew that. but it's also great for finding the perfect used car. you'll see what a fair price i

let's say, year or so ago the same is a geopolitical risks very much front and center for many around the world and the financial since last year have tightened somewhat. so my view is after seeing gdp growth above 3% last year, my forecast is that we'll see gdp growth this year of around 2%, which is a pretty significant shift from one year to the next. now, let me go through the three factors to help frame that. first of all in the slower global growth, we have seen signs and actually hard dat from especially from europe and china of slowing growth. i would really note in particular the slowdown in europe growth seems to be pronounced. how does that affect in the u.s. economy? means less demand for exports which pills into a little less growth in the u.s. economy. the geopolitical risk side, we know we're all watching very carefully what happens to our friends across the pond in terms of brexit and more generally geopolitical risks in europe they're going through in several countries right now, and adding to that is obviously the issues about trade negotiations between the u.s. and china and other countries. w

centers financial planning guide i don't find any i'm on if you. think it's not a muslim society that's not some of my ex from the future trucker watch kaiser. you know world is a big part of the market and conspiracy it's time to wake up to dig deeper to hit the stories that mainstream media refuses to tell more than ever we need to be smarter we need to stop slamming the door on the back and shouting past each other it's time for critical thinking it's time to fight for the middle for the truth the time is now for watching closely watching the hawks. oh my gosh do we have a huge impact show priya today this is boom bust broadcasting around the world and covering the world of business and finance and that impact upon all of us you me the guy behind the tree everybody we're so pleased that you're with us today coming up cryptocurrency is a receiving more and more attention international recognition but what does that mean going to forward christi i a town or part acting great throat or a arco dot i standing by to break it all down plus the term mainstream media gets tossed around quite a bit these days but what is the reality of media in the main. holland

financial center. if britain goes out without a deal, it will be a different kind of chaos in terms of trade flows across the worldbecause it's passenger travel fullly unhard to imagine what it will look like because we have never been there this effects not just britain who hebrew consumed by this and who -- ha has been consumed by. this. >> shepard: theresa may did this as a move to say your brexit thing we are not doing this here. let's have a vote on this thing and then we can just move on and much to her dismay and the shock of the world, the brexit vote went forward. >> i think she david cameron thought he would win. divided britain but divided the conservative party which is theresa may's party. and the reason why she can't pass this through. >> let's listen. [cheers] >> on the assumption that he can get anywhere near them. we interrupted you so we could hear what was happening there apologies, matt. if you could pick up and sort of take us through that again. >> i was going to say that basically if she is going to lose value today and don't know you by how big a margin the political consequences here are a

center of the bull's eye. that's the bread and butter white financial crime prosecutors bring to court every darn day. i mean, everything from high profile cases like world com, that case where that company over valued itself, right, to every day crooks like michael cohen trying to get his home equity line of credit, misstating his financial status to the bank to do it, that's what they do. those cases come up every day. big cases, small cases, cases people care about, cases people don't. we spoke to the former deputy chief of the u.s. attorney's office, june kim today from sdny and he said in fact, this is the day and day outrun of the mill prosecutor work of the u.s. attorney's office in the southern district of new york. he told us today quote, people who inflate their financials, for example, to obtain a mortgage and who deflate their financials for example to pay less taxes, those people are engaging in very common schemes and have been prosecuted regularly. if trump organization documents and deutsche bank documents, if that evidence paints a compelling, at least, public picture, that the president appears to have engaged in pretty clear instances

adjusted for inflation and rising western world incomes. 86, wery is after opec are back to the 1970's. all of this centers around the cliche of it is a financialll true and will it be true in the future that these are financial companies doing hydrocarbons? paul: i do not think so. that was exxon's reputation into the 2000s when it was a financer of megaprojects. they are the biggest growth player in the permian and that is about technology and horizontal drilling or fracking, and productivity gains. tom: what does the greater middle east and all of our stereotypes, what do they do about that technology metric? paul: it is a challenge, and what opec is doing, saudi is under 10 million barrels a day of production. they have the capacity to produce 12 million a day. they are being forced to go to low levels of production relative to capacity. francine: how much do we understand the complexity of shale oil in the u.s.? some asian refiners are turning it away because maybe there were some metal components. atthere an average price which they can break even in u.s. shale oil? paul: now they are talking $40 and below for breakeven. this is an incred

the rest of the world is watching, so what does it do in trying to gauge the stability of the economy some of the outcomes? we have talked about the city center and the financial center. how do you measure with that with the potential of a new election with a lot of uncertainty? >> of course it would have a big impact on the u.k. economy, the european economy, and a lesser extent the american economy. but it is the worse of all the scenarios from an economic point of view. there will a delay, be uncertainty, but the main question, the final shape of brexit, will not be answered. if we have delay, which i think is a possibility, the brexit will not be an immediate threat for a few more months. but at some point, all the uncertainty will come back because the house of commons is very invited -- very divided. awkwardit is a very position to be in. there is maybe the potential for agreementtyle customs . but with that solve anything in terms of getting the u.k. back with its sovereignty? >> it will be interesting to watch the vote in the commons next week for that. the clock keeps ticking. next week, parliamentarians may be persuaded to vote for a softer brexit. t