and this summer what's been happening what it what a summer from mergers and acquisitions really is just fascinating it has been we appreciate both both of you helping us out and learn about it and understand what it going forward conservative t.v. and radio commentator steve malzberg or. and professor oriel lecturer at american university margot sus our thanks to both of you thanks bart. and it's time now for a quick break but hang here because when we return our teams peter oliver reports from berlin on the latest developments late into the online lodging marketplace air b.n. b. which is in some hot water over inaccurate pricing in the european union as many member states are also pushing for a digital tax plus artes alex the highland which gives us the latest from toronto on how the u.s. aluminum company l o l is faring in the trade war for that i'm not so well plus our team is actually banks takes a look at the central winners in the highly competitive electric car space as we go to break trading on tesla stock was altered around two pm today east coast time
we have no idea what safety is doing on vacation but she will be back in september . the way to the united states is dangerous for most of the illegal immigrants. who are still just as there was a simple but i want to become a lantern i won the last post on this topic but as many of them look for refuge in the so called sentry sides of the draft used to share information about undocumented migrants with federal authorities the last person asked dan. listen to morrow and then the next time i get i'm in a lot of class and i want that. one of the options to stay in the country with donald trump in the white house over political rivals the both of you what is the who could beat up to the comment i said see the struggles of many couples alone.
with a chance of putting food in those holes for a few of those of up to the bulk of the. welcome back it's deja vu all over again as a new regulatory filing by bad boy bank wells fargo real deal that six hundred twenty five families families were kicked out of their home due to an apparent software glitch in a quarterly report to the us securities and exchange commission well says that between two thousand and ten and twenty fifteen the six hundred twenty five families were improperly denied a modification of their mortgage due to a quote quote unquote calculation error the bank says they eventually foreclosed on
four hundred of those same families now in their most recent s.e.c. filing well says that they have set aside eight million dollars to compensate the families for the loss of their homes while fargo was paid a. all of twelve point five billion dollars to the federal government for various and sundry nefarious acts that so far in this short century and just last week the u.s. attorney for the northern district california forced wells fargo to agree to pay over two billion dollars to atone for their alleged role in originating in selling misleading mortgage loans with inaccurate income information that later defaulted jeez louise i'm not hard to see how folks get a bad name in the banking business. and now we head to berlin where artie's peter oliver looks at some regulatory troubles of the online lodging marketplace air b.n. b. and how some e.u. members are seeking to impose a digital tax here's peter. the us room booking platform air b.n. b. has received a slap on the wrist from the e.u.
commission this week it's over the way prices displayed on its website they say things like cleaning fees weren't display properly or whether the person you were renting from was a private landlord or a professional landlord were also not made clear essentially it boils down to how much a person is going to pay for renting the room and what rights they have while they're renting that room and this is the first time that the e.u. consumer rights bodies got involved with a company like air b.n. b. but this isn't the first time that air b.n. b. fall and fall in the european union they were strongly criticized for the way they operated here in berlin and in fact in barcelona they were slapped with a six hundred thousand euro fine back in twenty sixteen that's after they broke the city's rules on short term rentals in fact tech giants are firmly in the e.u. crosshairs at the moment fact have been becoming at the smaller end of the list when he concludes companies like facebook and google they're potentially going to
be targets for a short term digital tax that's looking to be pushed through the european parliament now in order for that to go through it would require the backing of all twenty eight member states and it just doesn't have that at the moment you look at countries that are supporting it france spain and austria saying yes the short term tax would work but for every france spain and austria you've got an island luxembourg and netherlands who are very highly unlikely to support anything with the word tax anywhere near it but for air b. and b. side they say that their prices are currently clearly labeled on the website but do say that they'll work with the authorities to improve in the future now they've got until the end of this month otherwise they could potentially face legal action in each of the individual twenty eight member stay. that's because there's currently no unified e.u. consumer rights body that could do the suing as it were but one of the reasons we
may be hearing the m.b. saying they'll do whatever they can to help is because what the e.u. is looking to do is in the wake of volkswagens diesel gate scandal the emissions scandal that they're looking to make it easier for a consumer to directly bring a lawsuit against a major company and of course that's could result in many many lawsuits that could end up costing many many euros. we think peter oliver the british pound fell earlier today to its lowest level since september of two thousand and seventeen trading as low as one dollar twenty nine cents yesterday the currency has been taking a bit of a pounding sorry for the bumpy breck's negotiation process the latest came on sunday when u.k. trade secretary liam fox a bricks that enthusiasm mused to reporters that there was a sixty percent chance of a no deal brecht's scenario when the u.k. exits the european union the governor of the bank of england mark carney had made
similar comments two days prior even worse an attempt to boost the pound sterling or at least slow it slide with an interest rate increase seems to a failed deal or no deal the u.k. is set to exit the european union in march of twenty nine thousand. instead of protecting america's aluminum industry the trump tariffs are negatively impacting many u.s. producers including the country's largest alcoa with profits being eaten away alcoa is asking the government for a waiver on canadian aluminum so that it can continue to meet demand for its products artie's alex joins us from toronto alex thanks for being with us again as always we know that the trumpet ministration imposed ten percent tariffs on foreign aluminum including that would come from your arm up there from canada for what the president called national security reasons i'm not so sure about that but why is oco asking for an exemption from the move. look at we we talk about a thousand times canada in the states especially if you look at world wide the way
their systems work but canada the states were pretty integrated so alcoa like the whole aluminum industry in the steel industries are integrated between canada and the states now a coal is coal is a hundred thirty year old company in some would think you know they're going to benefit by the borders being closed down and alcoa feeding aluminum to the american people but that's kind of a tough one to how thorough i should say much of the aluminum that alcoa has in the states is actually imported from canada from its smelters rights all cocoa has three in quebec and that's a thirty three hundred people employed there working for alcoa and there's three in the states so that's what makes things really difficult for companies like alcoa when much of your aluminum is on the other side of the border and now you have to pay a ten percent tariff on it i'll call it saying that this could cost it one hundred million dollars in a year and that's a lot of money obviously a big problem for that company and we're also looking at the fact that when you
have tariffs up not only are the american people paying for the terrace when the aluminum comes into canada or into the to the states i should say it goes the other way around so exploiting becomes a lot more difficult as well because there's tariffs on the other side of the border there's tariffs now in europe there's tariffs in china and obviously there's tariffs in canada as well against american aluminum and steel so this is the issue that we're looking at while the coal wants to do it's going to get a little technical here it's asking that section to thirty two to thirty two of terraces removed from canada and other fair trading partners so they're saying if we have two partners that we've traded fairly with not china because everybody's saying that china is the big bad guy here but obviously canada it plays a different part in this and as well as other trading partners now the documents alcoa posted on its web site they are there are showing us exactly what alcoa's do and here's a quote from the alko. site itself although a coal is both a u.s. manufacturer and purchaser of u.s.
aluminum products the slabs that are the subject of this exclusion request or any substitute substitutable product are not available from other u.s. manufacturers and must be imported to meet alcoa's demand for manufacturing in the united states now these labs we're talking about this is used to make mostly like pop cans beer cans except for a but it's something that's not available in the states and that's where the issue comes into play and that's why alcoa is saying come on guys let's not fool around with this we want exemption so we can go back to business as usual do you think the trump administration is going to have an open mind on this i mean they've sort of gone back and forth and in talking about waivers with people what what's your take . right now with the waivers it looks like it's gone through but fifty fifty so really there have been some waivers so far but that has to be proven by all taught that this is actually happening and that they need canadian aluminum the problem here is that there's other companies that are in the states that will go to the commerce department there's a whole process and they could say that we don't need that so they can cooperate
this whole thing and it's actually happening according to the new york times twice with steel already some companies wanted to do business outside the states they wanted to buy steel and the waivers were didn't happen because two of the biggest makers in the state said no we don't want to see that and the government sided with them so that's one part of it these people are saying well you know what this is the reason why we can make this aluminum we can bring some of the old factories back to life and we'll invest more money into the country but bottom line is if that even happens who pays for this and we're already seeing it coca-cola cans are becoming more expensive for coca-cola and who's going to pay for that in the end it's going to be consumers and it's all trickle down that's what tariffs are it's the consumers who get hit in the end trickle down or trickle on it depends on your perspective i guess our correspondent alex while it's thanks alex thank you. and on our last broadcast we spoke about a mission standers and the difficulties of making money on electric vehicles well
despite the rough and rocky road automakers are going ahead with progressive plans for the future of electric vehicles which ones will come out on top artie's ashley banks takes a look. by the year twenty forty experts believe that electric cars will dominate the car market replacing conventional engine cars this may be hard to believe as the demand for traditional passenger cars in the u.s. is lagging quite a bit according to reports ford is looking to abandon passenger cars and the u.s. and focus more on trucks and s.u.v.s while g.m. and tesla are estimated to lose thousands of dollars per unit on their electric cars at this time tesla model three's production is taking a major hit yet despite these odds over the next several years tesla general motors folks wagon and toyota motor will unload millions of electric vehicles on a global scale rebecca len land an analyst with kelley blue book says it will be
very very difficult to make a profit but not impossible at this time the automotive industry is losing money on electric vehicles due to limited consumer appeal anti cost however experts predict electric vehicles will take up forty to fifty percent of the global auto market and a little more than twenty years general motors plans to sell one million electric vehicles a year by two thousand and twenty six that will include electric trucks and s.u.v.s tesla aims to sell one million cars by two thousand and twenty books wagon will see up to three million a year by two thousand and twenty five and twenty yoda's looking to sell five point five million by twenty thirty experts believe electric vehicles will soon compete with traditional cars and make profits general motors expects its electric vehicles will become profitable by twenty twenty one and analysts for navigant research says
as a battery capacity increases the vehicles become more appealing which will all combine to improve demand and profitability experts advise electric car makers so share technology and the. cost of developing it with other companies and order to make a profit or else they will continue to see losses and washington national banks art . and that's it for this time thanks for being with us you can catch boom bust on directv channel three twenty one dish network channel two a b. or streaming twenty four seven on pluto t.v. the free t.v. at channel one thirty two or as always catches that youtube dot com slash boom bust r.t. so long for now. first . of all the.
ga shows don't google so document on the first take. how much cost them. tell you. the person. who runs. eight today to take. it to last digit does. some shooting but as the senior girl. was not very. good the gears a bit surreal. but they were a. group of gorgeous i mean that was. just terrible i mean for. other times it was remarkable to smile that.
we have no idea what safety is doing on a vacation but she will be back on it in september. america was never great was founded on the rapes and murders. nothing changed so we said in. response to these situations that we're dealing with. people is sad every day she is just sad people kill each other blood for killing
children. there was just no way that people were going to just sit back and allow children to be shot down law enforcement. this country doesn't work for us it doesn't function for us. this is can't be happening in america we call from the streets we've got to deal with life this is the reason i have to ride like this is the reason. you are not in. the. league. feel. the. heat. because you
never knew. him he was on. the top stories this hour there are concerns social media giants are silencing debate after twitter suspend several prominent libertarian and conservative figures for alleged hate speech the british prime minister joins a growing chorus of calls for her ex for the secretary to apologize off the porch johnson said that women wearing burkas look like letter boxes and bank robbers we asked people in the to guess we played. would you think would say something like that racist people trump boris johnson and tommy robinson would you go to school was actually born johnson. no way oh my god. and we made a woman who faces a lengthy jail sentence for terrorism after following her husband to syria where he
joined islamic state i guess debate whether she deserves to be behind but. this is very critical because we want to go on the side all of our all of. us all those asian women have all of their own to make their own decisions on well your. fellow there is four pm here in moscow you're watching international there are concerns that social media giants are policing what's acceptable to say and think after numerous accounts belonging to terry and conservative figures were banned over alleged hate speech. takes a look now at what's considered a violation of twitter policy. what matters are all of the stories we hear from all of you about the impact your connections have had on your lives you can choose from an infinite range of topics that interest you and then easily follow that topic in the news countries and cultures are brought together like yesterday.
that was the online world as we used to know it all fluids to any of those pesky folks trying to set limits and two thousand and eighteen you'll be told to hold up a twitter decides there are spots of your world that shouldn't be discovered what if you're keen to know what someone has to say let it be former u.s. diplomat peter van buren you might as well unfold your interests the man's profile is shut down for good because he jokingly wish someone had eaten the face of his opponent in a twitter rant honestly that's by far not the most offensive thing you can find online but what's abusive about showing mr van buren some support to users who did so god bands too it's not about me it's not about the group of us who have band together i think it's a bigger issue and it's an issue that's that's raised its head this week people
like us who are not part of the legacy media we're not new york times shapers of opinion we're also allowed to have our say so if someone from the new york times or the washington post put something up that we know is false we can refute it almost in real time that's very threatening i think for the powers that be this tendency to want to shut people down if they disagree with you is very dangerous it's going down a very slippery slippery slope toward totalitarianism there's a word for that see and ask. well someone saw it coming when even perhaps the most controversial online talking had alex jones was told get out of here by all major platforms after all they all have to stick to their own rules. keep people safe from hate speech but then even those anti-left who come to hate jones went on alert could be because they thought someone would click on their profiles and see a hold up pop up alex jones
a bad guy but the problem is that once you start saying that hate speech is a rationale for banning people from social media you get in some very very big territory. i'm no fan of jones some other things he has a habit of repeatedly slandering my dad by falsely and absurdly accusing him of killing j.f.k. but who the hell made facebook the arbiter of political speech free speech includes views you disagree with but there's no turning back when it comes to the online censorship evolution so i'm not sure it works like that anymore mr cruz plus people on the left are ecstatic bring it on is there a call for a definitive and crucial step forward in the fight against fake news and fringe extremism. info wars is the tip of a giant iceberg of hate and lies the uses sites like facebook can use you to tear on nation the pugs these companies must do more than take down one website the survival of our democracy depends on it the world is getting older and
a bit more author or terry and only lately a top u.s. intelligence committee democrat has come up with twenty legislative proposals for keeping online platforms under a close watch brace yourself as you might soon have to say goodbye to things like anonymous posts or accounts that can be tracked down yeah that covers just two of the twenty one amid all of the accusations that twitter is silencing debate it was actually one of the few platforms not to ban alex jones who is it is just mentioned there was banned by a host of other social media giants this has led to twitter being criticized from the other direction for being too tolerant of. in response to a tweet jenny jones hadn't violated any the film's rules. but we discussed the tech giant's actions with the full u.s.
congressman pulled he believes social media platforms are simply no longer independent that is a real mix bad to social media in one stance is a real delight there's a lot of information out there i have benefited by but it originated with a lot of government assistance in the biggest role the social networks play is working with the government and giving the government the information they do the work for the n.s.a. so it's a mixed bag or they call themselves a private company the libertarian so we don't regulate private companies. and yet it's so mixed in them power lies the truth is treason so when people blurt out the treason on the internet it's not like they're saying something mean and ugly. things challenging the status quo is what they can't stand. them so they have to silence people so it's more likely for an individual like myself to be silenced because i represent a challenge to the status quo but if anybody understands our first amendment the
first amendment isn't there to talk about the whether the first amendment is there for us to be able to challenge our government but if we do that now whether it's direct regulation from the government or indirectly through social media we have a real challenge i'm just hoping that technology can stay ahead of it all and that we can have alternatives to the dependency on twitter and these other companies that have been working hand in glove with the government. donald trump. into the census which threatens his place on the hollywood walk of fame.
the city council or the council can't ask for anything they want they have no jurisdiction it's the hollywood chamber of commerce they are the ones who decide how they want itself is failed. oh and people have been convicted of crimes and murderer and mayhem and abuse and they've said no this becomes a part of history if they really wanted seriously to make a statement about donald trump do that but that involves reading and understanding issue you know this is easy it goes to show you there trump. has come lately a critical mass and they have all gone completely off there were. the
british prime minister treason may has backed calls from within the party for the former foreign secretary to apologize for remarks about muslims boris johnson compared women wearing the caps to letterboxes writing in his newspaper column johnson said it was offensive when muslim women covered their faces britain's next top diplomat also commented on women wearing burkas too saying they'd look like bank robbers and should be asked to remove. we read the paper on the streets of london to see if they could guess who made the. who do you think would say something like that racist people trump boris johnson and tommy robinson who. was actually boris johnson was. all my boss. told me it was actually boris johnson even a normal person should do that but soon enough i had
a swans were position that they could let you choose from trot. boris johnson and tommy robert stone fruit i think it was boris johnson head might be sensible in public you should expose your face who do you think could have said something like that somebody didn't thank me for the spot but i'll give you some options trump boris johnson or tommy robinson. sounds like the. club. is actually boys johnson yeah. it. was actually worse johnson guys really warning. no great depression over in the saying that's that's a terrible thing to say well if you were to could get. anything he says for anyone say that especially someone in that position that's that's even worse well some do say that the timing of comments there is now a.