tv Boom Bust RT June 21, 2017 1:29pm-2:01pm EDT
bank and four former executives including the c.e.o. with conspiracy to commit fraud by false representation when they saw investment from qatar back in two thousand and eight barclays turned to qatar to bolster its finances and avoid a government bailout at the height of the financial crisis qatari investors pumped seven point seven billion dollars into barclays during two fund raising rounds in june and then in october of two thousand and eight two of the executives racked up a second account of fraud with regard to the second round of financing at that time the charges are the first in britain against a bank and former executives for activities during the two thousand and eight financial crisis the charges come as yet another blow to current barclays c.e.o. jeff staley who is himself facing a regulatory investigation into his own conduct after he allegedly attempted to identify a whistleblower. when
a handful of terror attacks on the ground fell tower fire tragedy recently the u.k. has been having a tough few weeks with bret's it talks going the way they are it doesn't look like it's going to get any easier any time soon. for she joins us with more on that for us now the major banks are actually thinking of exiting london specifically because of the impending brics that what can you tell us about that right so it's actually right now u.s. based investment banks that are thinking of moving out of london and two rival and that's obviously making london a little nervous right now just like new york city or hong kong london has long been one of the biggest financial capitals of the world but post rex it u.k. capital stature and finance could fall morgan stanley bank of america and citigroup three of the largest investment banks in the u.s. might be clearing out their london offices and one alternative option being floated
around is frankfurt home of the european central bank if the banks were relieved it could cause significant harm to u.k. business in two thousand and fifteen financial services revenue here two hundred billion pounds less than half of which was for u.k. clients move out of london could hurt u.k. employment two in london twenty two percent of the city's three hundred sixty thousand workers or non u.k. citizens with a horrid brock's it their future working there looks bleak there might be hope for those workers though during this summit on thursday british prime minister theresa may is expected to propose an offer to leaders that would allow e.u. residents to stay in the u.k. that would certainly ease the pressure on businesses but we won't know until later in the. and right now a lot of questions remain he wants all of its citizens to remain protected by e.u. law and courts while living in a post that u.k. . is likely to agree with that since it's given. you a u citizens than u.k.
ones but there's a lot to iron out the rest of may's conversation with. should be interesting considering the u.k.'s central bank governor present. during the speech and day. after. even the. people i've got a lot of numbers floating around in peril called you know measurement and if it's good bad or ugly it's really hard to confirm those numbers but obviously carney sounds very very negative can you really just point to one measurement what's the overall picture of him so i mean he's an economist so he specifically at the numbers that he's getting from his own. and their estimates are all. we. get.
really. spell even more bad news for the u.k. economy. doesn't have many positive things to say about you know the u.k. immediately after breakfast that it could look different down the road depending on how they were cover from it but he you know is not mincing his words he's saying this is going to be hard for us we're going to suffer when we leave and you know hopefully we can turn things around but do not think that it's going to be all daisies and rainbows once we leave because it's going to be told the biggest also as you can put a timeline on that so i don't really you know there i was i are now at that as well exactly u.k. chancellor philip hammond is right with him on these talks obviously going to be alongside him on his statements going forward what did he have to say about this and he reflecting or contrast him with carney well i think his words were a little more positive than corny's he was saying he's confident that the u.k. can get a good deal but one of the requirements of having a positive deal would be to secure a trade deal with the e.u.
which they want to do divorce before trade yes of course so you know assuming that could happen then maybe it will be a more of a positive situation but you know there's also a difference in them he's a politician carney's an economist so i think that's why their words were a little different otherwise they're using the same statistics so maybe maybe communicating them. a little bit differently thank you so much. u.s. crude has hit a seven month low as the market tumbles by three percent bringing the price of oil to below forty three dollars a barrel most are blaming high production in the u.s. and abroad for the price drop with one often overlooked player adding to that the lot that would be libya artie's alex we are live and she joins us from toronto now with more alex analysts are saying oil has entered a bear market what exactly is happening here. well we saw futures drop by one point two percent in new york you know the gloves been happening for a while the drop especially the past four weeks and really the prices are dropping
because of what you just mentioned i mean the oil production is up in the states especially you're looking at oil rigs popping up everywhere just. when you look at the past few weeks the number of rigs that have gone up we know that there are over seven hundred and it's been a steady increase with most more rigs we've seen gone up in the past thirty years so this is something that we haven't seen in a while of course this production puts a little bit of a monkey wrench in opec plans to lower oil prices by lowering production and then when you look at non opec countries such as nigeria also pumping up their production well then you really have a problem and with so much oil on the market obviously prices are lower all about supply and demand of course that is one of the things that's interesting too is that people cite libya as having as political strife that so many of us know about . that is exempt from these rules some nations have written off that nation. as having to sort of go along to agreement what's with the oil come back there
never mind people just written off libya right now. it's this when you when you look at libya i mean it's a country when you remember moammar gadhafi back in the day i mean this was a typical petrol state where oil was everything ninety five percent of the g.d.p. was dependent on oil well guess what even today after two thousand and eleven this is this country's been in complete disarray it still depends on oil and that's again about ninety five percent so this country right now just to give you a bit of an idea how it operates there really is no central government we're looking at two governments one that's bhakta by the u.s. and some of the allies the other by russia and saudis and other people and so you really don't know who's really running the show there anymore you also have. gadhafi is old army that some people say are running the show when it comes to oil anywhere you turn it around somehow they've been urged to be selling oil and put it
out in the world market now there's a company called winter schall they've managed to get to fields it's a german company really pumping out a lot they've managed to get some agreements going into libya even amongst the disarray there are now estimates that libya is pumping out between eight hundred thousand and nine hundred thousand barrels a day so this country that it's a complete mess and when you turn it around it's a player you have the largest reserve in all of africa when it comes to oil and it's one of the ten largest in the world so libya even without gadhafi it somehow is functioning and you know the way it is there it's a complete mess but well i guess all are talks louder than the politics and at least in that arena of course you and i both know nato couldn't have first seen all this oil when it when it first went in there of course it's all very very big surprise thank you very much for touching on libya with me alex that's coming out us from toronto thank you time now for a quick break stick around though when we return ford says it's moving production
to china it's canceling a plant in mexico and exploiting vehicles from china to the united states for the first time starting in two thousand and nineteen also it's the most expensive house race in u.s. history i guess and i take it from the local level and national and international we're going to look at the implications there has got a break here the numbers. this talk about blackness and the blues of being black. and always will in a big house down and these days without the until it was simply deadly and remains a. such because we simply forgot i don't believe. the scene we've allowed them to rearrange the plane you've told us the sickness of trusting our enemy we came to
face. the that's what i call the lack of blackness or understanding the blues of being black. sheep the blues of being black should mandate that we attack knowing how when and what to do to come a simple in his national has been begged and simply time the feeling blue is black and blue. believe. me. this is another post deficient girlfriends. how.
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boeing's iconic seven twenty seven has been left by the wayside in future plans for its passenger planes the aerospace giant says the four engine behemoths commercial aircraft models have gone out of style the future of the passenger market is all about sleek twin engine styles for long range travel at the paris air show this week it debuted its small newer twin aisle aircraft an officially dubbed the seven ninety seven which could enter service by two thousand and twenty five it was expecting the company was a three way race for its engine production with one of those competitors slated to be jet engine manufacturer general electric however it later announcement by its leadership indicates it's about out of that race david joyce head of g.e.'s aero engines arm says the fragmented market entering an agreement like that wouldn't justify the investment needed as all three would then spend
a lot of money to design a brand new engine at great cost and then all of a sudden it would be splitting the market with few returns and the only way out of that would then be to send immediate buyers in for that and if you can find the buyers he says the company is still scarred from a similar deal it's entered into as a supplier for the air bus as c e a three thirty two decades ago. and ford motor company will export vehicles from china to the united states for the first time starting in two thousand and nineteen ford will move production of its ford focus mall car from the u.s. to china where it already makes the focus for chinese buyers for its president of global operations joe hinrichs says the move will say ford one billion dollars and . five hundred million from canceling a new plant in mexico that it intended to build for the focus u.s. focused sales were down twenty percent through may hurt by low gas prices and
consumer preference for s.u.v.s but henrik said small cars remain an important part of ford business he also stresses that ford will export more vehicles to try it out that it imports ford expects to export eighty thousand vehicles to china this year . and all political eyes in the nation are cast for the state of georgia six district it was a divisive congressional runoff election a bloody fight in the most expensive house campaign in u.s. history and now the voters at the polls let's take a look at the broader implication and it's distraction to getting things done on capitol hill that affect our country and the international community we go now to brian pruitt here with me a contributor at red state brian there is some massive drama going on down in georgia right now let's talk about the young relative nobody democrat john also against republican karen handel it's a special election for
a seat vacated by new cabinet member tom price heading up now health and human services secretary of that in the cabinet give us a lay of the land on this this is been brutal and very expensive very very expensive it hasn't been necessarily nasty. what i'm hearing from my sources in atlanta is that the most recent negative against all soft has actually turned a little bit of the polling in handel's favor in the last week but so it's been very last minute this is literally going to go down to the wire everyone is going to be up late tonight. this is also not an educated district this is you know they hear something in atlanta in georgia people make draw their own conclusions about geographically where that's coming from. important to point out that these are very educated people it's very fluent and they've had to ratchet up the messaging we're talking about fifty million dollars spent on that
a few million dollars total it's amazing tom price won the sister exactly in november by over twenty points donald trump only want to buy one to two percentage points and obviously has some wind at his back so these people care i've heard again on the ground today that turnout one in early voting was off the charts and actually today the number of people voting is just astronomical interesting to point out with tom price donald trump obviously tom price getting way bigger numbers. it's a conservative republican area but they seem disgusted by the way things are going and it seems to be able to switch back and forth because it has had some sort of moderate message and there is that there's anything that's going to hurt it's the amount of outside money coming in the amount of money just from the state of california is overwhelming millions of dollars and and i have
a feeling that that may turn some georgia voters off right when they go to the polls i don't know again we this is a clearly the dictionary definition of a toss up why is that so important people why is there so much money flow i think it's less important when it's going to make for good television obviously tonight it's going to be some good ratings but i mean the draw for all of that money i mean what people want him john the all the money is coming in because democrats want to send a message to donald trump ok it's about the message they want to send that message if asaf when it's obviously are a rebuke to the trump agenda the problem is that cuts both ways because if loses with all of this money and all the wind at his back if he loses his hand right there is room. right into the presidency and let's not forget that south carolina has a special election for mick mulvaney seat director of the office of management and
budget that will likely stay republican but the margin is going to matter to d.c. insiders if it's even remotely close if it's not a double digit win for the republican the republicans have big problems in south carolina the margins matter here for what ends up going on in capitol hill the assumption of power all eyes are on georgia as i mentioned but they say and as you mention the same cannot be said for the special election going on in south carolina's fifth people say who is are cheaper now it was john galt who was our tea party now why does he matter what's going on only matters to you any matters to a lot of people in politics here why is this matters because what what d.c. is paying attention to is what these two races do as a set up for twenty eight terms right and if this margin in south carolina is anything less than double digits republicans have major problems going forward and the house republicans need to start getting things done we need to start putting
some wins on the board so that they can get ready for twenty eight thousand for the midterms let's talk about wins on the board because these are special elections vacated by cabinet appointments they're kind of waving in the wind capitol hill hasn't really shown us anything we're looking at tax we're looking at health care we're looking at infrastructure august recess is coming up so to take it to the national level aside from the midterms is there any way on the back of these results were publicans will be able to get something done no matter what the results are because people are really looking at this what are we a month and a half from recess well in the house it's kind of two different stories one on health care it's all in the hands of the senate right now well i mean senator mitch mcconnell going to be leader. needs to move something on on health care so that that bill can get to conference and they can actually begin trying to find a compromise on the house side they just need to start getting something done on
anything anything yet and i think speaker ryan has a plan i think he does have a plan to. absolutely does i believe they're going to get moving and they're going to start taking votes you may win some you may lose the got to start taking votes what does this mean for the future of funding i know it is a lot as you mentioned. the money going from from down into the into the democrats could hurt john also and this could be something people are really tuning into which campaign finance where is the money coming from what are the special interests going on what is california doing in our election is that going to have a future effect on this sort of thing well again it cuts both ways i think you know of course and this yeah if if all software runs i believe the democrats double down on every election going forward and poor money in to every potential competitive seat if he loses the enthusiasm gap just it becomes a chasm and democrats don't want to put good money after bad so literally this is
the reason this election really matters even though it doesn't really matter in terms of who doesn't want extra votes like to get to matters absolutely in terms of how we're setting up twenty eight in the midterms and the enthusiasm on the democratic side and of course the cooking that's coming out of capitol hill then that we've got to eat setting up to the midterms going to midterms waiting for this legislation to come out you know an interesting thing i have to ask you about the g.o.p. members of the g.o.p. have talked about putting the brakes on august recess to get something done how feasible do you think that is think that's just lip service i don't think that matters so much to people back home because really because even though we we we in washington think that they're taking lots of breaks a letter to the reality here. it is members of congress go back on thursday and they start doing constituent services over the weekend they're still working they're still they're still working there they're back in their districts working
so i think this whole the whole. sort of people getting upset about about taking a lot of time off it's actually not a lot of time off i was just there and they're there are there is that i'm paying for they're trying to get popular they're away from washington but they're not away from their constituencies ok let's talk about i just want to go back to this future of funding going through because obviously the midterms are coming up do you see this changing anything about campaign finance this this is made headlines over and over and over again about the millions of dollars being poured into these races is this something the republicans are against campaign finance you know tightening the ranch on that democrats are worth are for it even though they're pouring money into this is this going to change that the tenor of this as we move forward it's very little on the finance side of things the real thing to pay attention to going forward is the supreme court case on gerrymandered districts very interesting there
that is the money side of things is much less important than this jeremy enduring case that is coming up that is that will have massive implications going forward for how districts how we actually elect our members i just want to ask you some international questions sort of the on the the other side of this the world watches things like this sort of the political theater coming out of the country especially after trump was elected people really had their eyes on and how things are working to do you think this gives a further negative flavor to the international community trying to make heads or tails of what the world is going on up on capitol hill or should we not even care maybe you don't care. to see democracy. is messy and i think the world seen that elections have consequences and we. the world should probably just take a shot now take a chill chill out you know relax our system has worked. for you know over two
hundred years now and it will work it worked before donald trump or the work after donald trump but yeah it can be messy at times it's not perfect ok we know it's an experiment everybody we're trying our best you know what are you watching for tonight i know you're tapping away at your phone just just get in and i don't know what you watch and the i'm waiting to see what the early returns are showing me. i follow give a plug for an organization called decision desk h.q. on twitter they really don't know they have they have the best exit polling out there. on their own there is a scorecard. so i pay attention to their exit polling and you'll see early on and i think decision this decision to. good notice made yeah they're they're great on the ground they've got people doing exit polling throughout the district it's going to be an amazing night but they'll probably have some early indicators great thank you so much can't wait to see how this cross-section of voters is deciding this election is or go forward into midterms and of course deciding what capitol hill is
doing in the future thank you so much for coming by as always a pleasure brian pro a contributor. some people are annoyed by the sound of crying babies on an airplane we've all been there however one baby's cries this time weren't so bad a woman flying on jet airways gave birth more than thirty five thousand feet in the air the new mother it was on a flight between saudi arabia and india when she went into premature labor where the flight crew members actually jumped in to help deliver the baby with the help of a trained paramedic who happened to be among the passengers the plane was redirected to mumbai so that the mother and child could go to the hospital according to the airline they're doing. just fine after being sent in to a local hospital there now jet airways apparently gave the newborn a very nice birthday gift they've confirmed that free flight tickets for trips
between saudi arabia and india has been bestowed on the n. friend for life it joins only a half dozen other companies to do so the baby however games another rare title it's passport will now hold the line holder born on an airplane go figure that's all for now folks check out the show on youtube youtube dot com slash boom box r t thanks for watching the next time. you.
read those you don't consume them doesn't do don't just do in the sand on the person in that are equal to two inches means or what equals this tells me. this will be done to tell me i'm doing. movies that to those you know this. is the u.k. in crisis after a series of deadly terrorist attacks a hung parliament and the horrific human tragedy of the grenfell tower as well as the burning issue of breaks it. many are asking if the ruling elites of. social environment. right. chemical discoveries over the last century made
everyday life easier but at what cost this is syria is exceptionally sick. no wonder it's cause and. says says the years old industrial giants reap the benefit ignoring the caused by chemical production. you know as if these people aren't people just experimental animals decades later the toxic environment continues to poison lives and we found these astronomically high levels of dioxin levels that my staff think maybe some of the highest levels ever found in the united states for almost thirty years this very serious problem had not actually been addressed what will that investigation into the chemical industry secrets revealed. to.
the earth there's. a batch or sudden passing i've only just learned you worry yourself in taking your last. year at the top to you as we all knew it would i tell you i'm sorry i could so i write these last words in hopes to put to rest these things that i never got off my chest. i remember when we first met my life turned on each breath. but then my feelings started to change you talked about war like it was a cave still some are fond of you those that didn't like to question our arc and i secretly promised to never be like it said one does not leave a funeral the same as one enters a mind it's consumed with death this one quite different. speech you just don't know what they take. aim to. make.
that's right. but don't get sick. but. i the british prime minister apologizes for the government's response to the grunfeld tower disaster after hundreds of protesters gather in central london to reason may to step down we've been gauging opinion on the streets it always will put profit before people always think that if you listen. to this massacre just by people and everyone is going to shout serious say. also this hour russia's foreign minister the mall's an explanation from the u.s. over the recent shooting down of a syrian fighter jet grove where the washington has its own agenda and syria.