The scale of this restructuring which i see has actually taken some of us by surprise the area in focus they have been Investment Banking so it hasnt come as a surprise to selfstyled city analysts according to c. N. N. The bank is firing 800000. 00 people and Investment Banking is something to get out of well arguably it was a surprise this week decrying london employees of the bank founded in the year of the Paris Commune where rustbelt american surprise because u. S. Taxpayers bailed out with more than a 3rd of a trillion dollars labours Jeremy Corbyn leading in the name just to pin him opinion poll is clear about what he thinks of bank because bankers like Morgan Stanley should not run our country but they think they do because the party they fund and protects their interests the conservative party is in downing street. Thats why they want to keep the tories there because their rigged economy and the tax cuts for the richest worked for them corbin seems to think bankers are unpopular unlike someone who tories could anoint as u. K. Prime minister by the end of the month i dont think i got a copy of any other politician not even conservative politician who from the crash of 2008 onwards actually stuck up for the bankers and you get what he stuck up for the bankers as much as i did johnson is appealing to a tiny proportion of tory electors who can make him pm and he appears to believe they think that removing billions of billions of pounds worth of public money and pouring it into the hands of bankers is a good idea perhaps does his rival the richest member of the british cabinet but he expresses himself differently if corbin wins he will destroy those dreams for all our children the u. K. Media class arguably thinks it is jeremy hunt dreams of downing street that a destroyer but away from the tories life in one of europes most unequal countries goes on but now with poverty policy is not only threatening the most vulnerable the u. K. Bankers too in the past 48 hours Deutsche Bank has sent scores home with a hug in an envelope in a cab as it slashes nearly 20000 jobs who better to give us a transatlantic perspective than the founder of sky Bridge Capital and to me scaramucci better known for his role as Donald Trump White HouseCommunications Director he joins me now via skype from new york at the thanks so much for coming on before we get to arguably more vital issues who knows what do you make of the sacking of 800000 from Deutsche Bank people being sent home this week from the city of london well if you look if you study their financials you know we have 12000000000 under management in about 30 people in our research c b the sacking is that surprising it was actually long overdue and ultimately we really lies whats going on they cant have their position in the city anymore. An issue now with potential wrecks it in the end leading of the u. K. And so theyre going to. Theyre going to theyre going to build up their frankfurt and Central Western Europe operations and obviously the polling out in north america so ultimately after 25 years of trying to break into wall street with Investment Banking by Bankers Trust 20 sure years ago they capitulated and so its not surprising because if you go to the reserves that they have the capital ratios that they had they never properly adjusted them after the 2008 crisis so the u. S. But the u. S. Taxpayer bailed them out with a pretty penny what do you think u. S. Taxpayers will feel about the sacking of 18000. 00. Well i mean i think the media will pay more attention that than the u. S. Taxpayer you know the u. S. Taxpayer thats 10 years ago and i dont know how much time spent in the United States but the people United States have an Attention Span of pride to possibly 4 weeks so i dont think anybody really cares about. Well well have to get the views of the u. S. Taxpayer and that of course here in britain the big story but the big story but u. S. Taxpayer by the way great time u. S. Taxpayers yeah well when i was the taxpayer the bailed out the banks famously the u. K. Ambassador just pissed or everybody out there russia and all places are you guys the United States government got paid back with interest and made a substantial profit on that and all of the investments that the Federal Reserve did at that time and they also made a profit on that and so what people need to know is that there was a liquidity crisis but the assets were actually just under prices a result of a lack of liquidity so i know people i talk about the bailouts and all of those what it actually made money for the government was actually from a free market perspective it was actually quite profitable spoken like a true Goldman Sachs man if i may say so im going to go into the fed im going to get on to the views of the fed 25 years but you guys always bring up Goldman Sachs if spend one minute of Goldman Sachs or 2 years your goal is x. Cars and forever im going to get back to the fed and your views on the fed on rates in a 2nd you probably know over here in britain the big story is the came down who i believe you may have known youd be defending him in the u. S. Media what do you think of the fact donald trump is calling him the very stupid guy and the fact that basically hes persona nongrata in washington. First i dont believe that for a minute and i dont even think the president s actually manage and bastard barack so but thats the president s style you hit the president is going to hit you 10 times but heres the other thing you know he. He wants to go on all over on the British Government he knows that theres a trade deal coming in he knows theres some negotiating coming in so theres a close call he wants the thai to go to the United States and so hes pressing down on this because this was an embarrassment so listen i benedicto this i understand politics somebody late an encrypted cable and asser derek is giving his opinion in bassett or phil murphy whos now the governor of new jersey gave an opinion that got leaked to wiki leaks 10 years ago about his situation in germany and i would imagine that ambassadors all over the world if they got their internal confidential assessment memos leak that be a lot of embarrassing conversations its not a big deal if theyre brandish government recall busy embassador darrick over this i think they are making a huge mistake and it will send shock waves through the international and particularly the western democracies as it relates to diplomatic or diplomats are giving assessment and i think i would say you have to think about is what bastard our hes saying the president is reacting predictably to what ambassador derek is saying that you know he gets hit hes got a thin skin and he fires back ok. We know from Edward Snowden havent they that the 5 eyes project the u. S. Has access to encrypted cables why is it that the u. S. Deep state or a military Industrial Security is they can get a hold of these cables before theyre leaked in the british newspapers im not close to that but that was a political hit job so i mean listen you know it you know if you if the windows ok here clip that he clapped outside its a horse its not a zebra so to me that was a political hit job an ambassador derek and theres a transition going to happen in the u. K. Government and somebody wanted to embarrass him and knock him out of that post now hes leaving i guess or so far as. In january i think it would be ridiculous for them to remove him prior to being up but its likely now because of that he wont get a Term Extension and ironically that would be a shame for the British Government because hes done a very very good job using incredibly well liked despite what the president is saying in those tweets and thats the president he is very well liked in washington though and the ambassador there is not is foisted upon the United States not someone with thrilled with this is predictable behavior by the president the same all over but its embarrassing somebody should get in the Foreign Office of the u. K. Government somebody should get down to the bottom of what happened and some people need to get fired ok but if you are still the white house k. T. L. A. Days inside the Foreign Office i can figure out whos doing it and we send them out. Well if youre a White House Communications director youd still take calls them from the British Embassy thats thats clear but what about isolation perceived isolation of britain because theres a lot of talk about that and there has been talk here about a possible trade deal with the u. S. And that this is indeed posturing from the white house that the u. S. The u. S. Will basically theyll theyll make the running over any future trade deal with the u. K. Out listen the United States and the u. K. Youre you know the situation you get better than me you have to explain to me the form of the bracks it claim great pressure without an agreement with an agreement whatever its going to be youre no that better than i was with heres what i know United States is like this with Great Britain and we will or the u. K. Whatever you guys call it and we will end up with a trade deal that is beneficial of all sides im not sure the old looking a pound sterling with the pound sterling has been sliding to multiyear lows people some of them blaming both for no deal breaks and very different then to the United States where were you know obviously President Trump wants a cut in rates and the dollar is. Doing rather differently would you would you think the fed. Federal do what trump wants them to do this time any time soon i dont you know i dont know i can only go by past practices ive been observing the markets for 30 plus years im a trained economist on the founder of a company thats running 12000000000. 00 behind our interview or there would be no reason for the fed to cut rates at this time in july thats not to say that they wouldnt generally do a rate cut in september i honestly believe after the december meetings theres no way the fed is going to move during the general election after what happened with Alan Greenspan and George Herbert walker bush and that the bottle for rate hikes into the campaign in the election season the fed has been rested and to do things like that so they got a bit theyre going to move theyre going to move has a temper and december if you look at the overall strength of the economy the jabs data last week it would be hard pressed to understand why they would be moving and you know you dont note your own power but i know your own power maybe you know hes going to do the job that he thinks is the right job for the stability and growth of the usa all right i think thats what jerome paul does say does Jerome Powell does germ pile of the fed does he have more power than donald trump in some ways he does in other ways he does not he has he is an independent. Agency theyre not even part of the government if you really look at the whole thing and so it does in some ways but you have to also remember the bond market and the markets busy themselves also dictate a lot of direction of what the fed is doing but yes in some ways he does in other ways he doesnt as they all suffer them over many of these kind which after this break plus a letter signed by the sense that in the past 24 hours by the british Guardian Newspaper what does it all have to do with Jeremy Colvin both of them coming out about to going on the ground. Join me every thursday on the alex salmond show and ill be speaking to guest of the world of politics sports business im show business ill see you then. He said when you hear the word diversity its at the expense of unity when there is inclusion but only inclusion when he would agree with a certain political thought and world view and oak porus we can forget about identity politics if you disagree and youre called a dog whistle why did he get here. Welcome back im still with angie scaramucci do you think you failed in Successive Communications people in the white as a fail safe on these socalled concentration camps on the border i mean no one really mentions president obamas deportation of 3000000 seeking a better life more than donald trump has is it inability incompetence by people like you in the white house or is it the media that fail to explain to the American People whats going on when it comes to immigration i made a fireball mistake they coulda gave me a mulligan on that sounded not too and they fired so they didnt really give me a chance to implement a Communications Plan but if you have an interest in it just punch up ask our movie comms plan on kobol and youll see i would have taken a different approach to the situation at present let me i take issue with the word concentration camp sorry ive been to yad vashem i tend to concentration camps whats going on at the border are not concentration camp. So if the left wants to use that word to incite people or crazy media for they can do it after its just its just not accurate now like on why cant the trumpet ministration get the message out to the that president obama was the deporter in chief or does it just trump secretly quite like it for his base well no i dont i dont even see who really likes anything anybody likes whats going on at the border the problem is is that this is a money making exercise in Central America and southern mexico and so everybody is got the fear of god in them in those areas that were all in theyre being told that the president close the border and that the asylum laws are going to change dramatically and so the immigration policies of actually increase the influx of traffic and volume at the border so. Theyre trying to do a good job it is a very complicated thing in my short stay and government in my what youre on the campaign what i recognize i dont like criticize the people in these positions because i recognize where theyre making these decisions is between a very bad decision and a super even more bad decision so i dont want to i dont want to be overly critical here but heres something i will tell people which is absolutely true he has cut illegal immigration at that border by about 85 percent and it took the slack out of the u. S. Labor markets and the reason why the bottom 10 percent of the Employment Base as received a 5 and a half percent wage increase but is it result of those immigration you know its a hotly contested topic that i mean maybe next time we can even talk about Foreign Policy and the reason for the immigration the 1st place but central to the i suppose you call it propaganda against your president is this is this russia collusion case even after said there was no evidence of it do you think its impossible to communicate that your president is not a russian spy so i mean i love russia and i love the russian people this is the closes ive come to russia in 35 years because of all this youve been. Nonsense right i meet one of your sovereign wealth guys in doubt woes and ive got to go through the rigmarole with ben cardin and senator Elizabeth Warren and so this is like the whole washington 2 step nonsense the president has a hard time colluding with his own staff so i could never really understand why they were saying that he was clearly with the russians it was was a bunch of hokum from the very very beginning yesterday i think is mandated by the Russian Parliament but its funded also by advertising and it goes out the internationally all around the world ive got to ask you also why do you think that im happy to be on that what about the fact that of course im referring to channels that have been accusing him of being russians by m. And s. N. B. C. C. N. N. And all of those channels they also seem to arguably support trump when he seems to be advocating military activity so that they were against him and his syria policy but when he starts talking tough about iran suddenly get some kudos from those. Stations why is that and i you know its a good question i dont really know is a mad thing a lot of time why she was station that heres heres i would say the for some reason in the media and i find this very ironic is you go back to the fiftys and sixtys the media was against the establishment it now decided to trump an antiestablishment its an a. T. M. So anything thats established minutes orientation is good i am not in love with these works ok im more in the tall seat gabber camp that were spending too much time on wars of the washington establishment has killed a 1000000 people in the middle east we would probably blown 7 trillion dollars that could have been spent on schools and infrastructure in the United States so you know we have to be very warrior which white eisenhower said in his farewell address about being concerned about the military Industrial Complex in the United States so so for me im not alone in that im not in love with the lobbying that goes on. And the chin up all these war exercises and i dont want to be at war with iran and so i applaud the president for scaling that back and not issuing a strike against iran if we need to move our ron off of their positions and their radicalism and their theocracy and their state sponsorship of terrorism theres other ways that we can do that without kelly american soldiers and that so i haul busy for that as opposed to doing something that a group of cheerleaders on these other networks would like to do its not something i personally would like iran of course deny state sponsor of terror but you know that john bolton trumps chosen National Security advisor advocated every war anyone can remember trump chose a chose him as any serious idea the tools he gathered could replace john bolton not a problem now im very impressed with her by the way you know ive met her she came to our conference shes a war veteran shes a hero and and you know shes the future is the american future should be based on creating more equal opportunity in our society we know from the fail social 6 pearman stand youre never going to systematize equal outcomes are we going to have a black market and tippy top group of people that are taking over from the other people in a society like ours which is lifted more people out my own family included its got to be a market busy based form of regulated capitalism and so 40000000. 00 people on food stamps that you were an Education System in the United States and people like me that are proud of the good Public School system i do not going to people on food stamps ok so why dont we focus on that and stop bombing people that would be my recommendation well just finally you did mention in your post customs why you know i havent you were in bahrain for the socalled deal of the century you know that the palestinian leadership said that the Trump Administration could go to hell and that the palestinians weve spoken to they say basically theyre trying to Top Administration so i dont. Bribe palestinian leadership people with loads of cash. Totally ridiculous there were 2 lakes that were dropping one from was the economic problem announced in bahrain 2 weeks ago where i was there the other leg is the political problem the palestinians are in a trance because the money comes in and they siphon it off for them their families they put it in Swiss Bank Accounts and so they have billions of dollars of going into the system and you cant find it anywhere in the west bank so its a fine show of more of the same and i applaud Gerry Kushner for at least advancing a plan that would improve their political situation from where it is right now and certainly their Economic Situation so the fact that they did not show up i would recommend to your viewers and leaders around the world to follow the money ok because money dries most of these decisions and so they dont like the fact that the playfield is going to get even and the people that have been in power that have taken all that money importance wise Bank Accounts are not going to be able to do that anymore of a plan like this is employment so i mean its just ridiculous i think its astonishing that leaders that are supposed to be serving their people would not at least go to a conference like that and here with the plan is all about so this is more political posturing and good news for the society as a result of social media and all that good stuff people are tired of it you can shine a spotlight on your i phone on the political cockroaches that are in the world and they can hide as easily in the kitchen is that you have this guy merging thank you well its not only Donald Trumps former White House Communications director who supports the deal of the century this is an economic plan that if its implemented is a sick i to do enormous benefit to the Palestinian People thats what others think the Palestinian Authority said the deal can go to hell Nelson Mandelas grandson claimed in london on saturday the trump just wants to fortify apartheid israel john. Now as someone who got support from Nelson Mandela for his campaign against institutional racism as Scotland Yard mark once with lifelong fighter for human rights joins me now mark thanks so much for coming on we just heard from tony blair there lets just go straight to this story as given by a knesset m. P. What you make of this israeli m. P. Hits out of jared push to have a palestine deal disaster of the century what do you make of a well it is a b. Trying to throw a 56000000000 pound bribe at the palestinian leadership as if the state is for sale. This is a political issue that needs a political solution its not about economics its about the right of the palestinians to selfdetermination whats the position of the un and the Security Council to return to the 67 borders and i cant think of a country in the world apart from some proxy of the white wing Israeli Government that doesnt support that position well lets go on to something related to the Israeli Government rather suspicious story were going to hear 1st from the deputy leader of the labor party about the former shadow fire in emergencies minister Chris Williamson and thats why i agree that the only way we can solve this night to help rebuild trust is for jeremy to step in and remove the weight from Chris Williams. And indeed the whip was a rigorous williamson in about 48 hours and said youve been supporting Chris Williams in the Guardian Newspaper often cited as being incredibly anti the jeremy called me project at this letter from many prominent members of the Jewish Community in the u. K. The broader we know interim skins would Chris Williams unlike like usual because we have them and then remove the article what are you making of this Chris Williams in case what is the what does it mean as regards Jeremy Corbyn well i have to say he is a close friend and ally of Chris Williamson because hes been so supportive of b. From the get go from the time i was suspended in his readings of 2016 to the time i was expelled in april last year and you were expelled for at tacking roots me that thats why you were thrown out not attacking. I never attacked. Her of cooperating with the right when i made an observation in public which was a throwaway line frankly im a victim of fake news whats going to kristen because Williams Well it doesnt bode well hes done a lot for germany hes been jeremys most loyal member of parliament an ultra cool been loyalist who frankly i think has been thrown under the bus led by tom watson who has formed these quite venal look at his register of members interests and the moneys got from so trevor chain to name but one leading zionist you know this is a witch hunt its mccarthyism dont want to the devil leader that somebody is because theyre only human source that doesnt mean that its views of from there and jamie colby would presumably say hes not in charge of this Party Process so therefore youve got major recall been for it what is your take the who plays the play book calls the tune but lets just go to know him chomsky then what about the fact of the Jewish Chronicle can claim that the board of deputies and theyre basically saying no im chomsky signed this letter in defense of Chris Williamson and no im chomsky is linked to and see my kids and then the guardian immediately removed the article which was put up on monday in defense of Chris Richards and i have to say im very disappointed with the editor Catherine Viner seamus milne who is jeremys chief of staff or not chief of staff Communications Director kerry murphy is the chief of staff lobbied very strongly to get katherine into that job over someone called janine keeps him and yet i think katherine has been a big disappointment in terms of her opposition to Jeremy Corbyn and his project and they were called out by the Media Reform Coalition as one of the worst offenders when it cant came to. Associate to Jeremy Corbyn with anti semitism you know who came 2nd it wasnt the sun it was the b. B. C. Well we were in it we were in a difficult place well in terms of journalism lets go to this from the b. B. C. Today theres a big conference on Media Freedom the u. N. Organization unesco is there ever a committee for protection of journalists everyone is accept. R. T. This channel russia is already banned from u. K. Media Freedom Conference what do you make of this that 1000 reporters and members of Civil Society are right now in london to discuss the freedom of media but this channel indeed this Program Going underground is effectively banned from visiting a conference on Media Freedom i think this is an outrageous attack on the freedom of the press there and explain why theyve accused r. T. Of disinformation. That said that your state. Organ of the state theyve cited. And thats what has previously listen to the b. B. C. I just give an example of where that being called out bias ive had my own run ins with Political Editor laura cohn his book who had to pull an item because it was misinformation it was fake news about me it is a bit rich for them to be excluding in those circumstances like ones with thank you and thats it for the show will be back on saturday when the northeast in the city of durham celebrates the International Labor movement of the 148th annual jairam mine is gone until then all gay let. Me to see that. This is a story about what happens auster a stray bullet kills a young girl in the street. What happens to her family daughters im sorry. No mother daughter is buried in a cemetery. With your head what happens to the community the public was screaming for a scapegoat the Police Needed a scapegoat so why not choose a 19 year old black kid with a criminal record who better to pin this on than him and what happens in court to be. Shot after shot. Officer i mean. We dont know this for. Unfortunately you. Will still not know. This. Fears of a biased trial u. S. Federal judge condemns the justice departments unsubstantiated claims that a russian firm indicted for election meddling was bankrolled by the kremlin thing they could sway a jury. British ambassador to the United States resigns over the leaked cable scandal in which his private emails exposed a far from glowing review of donald trump and his administration and. A free media both protects society from the abuse of power. Helps release the full potential of a nation a global conference for Media Freedom is on the way london but r. T. And the Russian News Agency sputnik barred from entering