u.s. job growth slowed in july and the unemployment rate unexpectedly rose we look into what these numbers mean coming right up and a big potential deal is in the works the one that could affect where you shop for discounts are t. correspondent a mirror david will be here to tell us what dollar please takeover of family dollars could mean for you and your dollars and finally your feedback today is upon us we're putting you the viewers into the driver's seat lead to letting you tackle all the stuff that we talked about with your questions something concerns sentence just throughout the week live on today's show it all starts right now. so low there now is the friday of the month which means it's be a less and bagels day translation the bureau of labor and statistics put out jobs

numbers today and in honor of this monthly occurrence we heard boom bust like to celebrate with bagels in the morning so that's what that means now according to the report u.s. job growth slowed in july and the unemployment rate unexpectedly rose pointing to slack in the labor market that could give the federal reserve room to keep interest rates low for a while nonfarm payroll jobs increased by two hundred nine thousand last month however economists had expected a gain of two hundred thirty three thousand jobs now in addition data for may and june worse was revised to show fifteen thousand more jobs created than previously reported so why is it job gains were broad based services industries accounted for the bulk of the gains adding one hundred forty thousand jobs compared to an increase of two hundred thirty two thousand jobs added in june now although job growth was below expectations mark the sixth straight month employment expanded by more than two hundred thousand. it's

a signal of strength last seen in one nine hundred ninety seven well it's been a while now a separate court from the commerce department showed inflation easing in june a price index for consumer spending excluding food and energy edged up zero point one percent after gaining zero point two percent in may through the twelve months ending in june the indexes up just one point five percent which is still below the fed's two percent target the same report showed income growth group zero point four percent in june and despite the numbers being up the important takeaway from all this is that the news isn't all positive the labor force participation rate or the share of working age americans who are employed or at least looking for a job increased sixty two point nine percent in july after holding at sixty two point eight percent for three consecutive months but other measures closely watched by fed chair janet yellen took a back step. a broad measure of joblessness that included that includes people who want to work but have given up searching and those working part time because they

cannot find full time employment that edged up by twelve point two percent and at the same time the ranks of the long term unemployed swelled and the length of time americans are spending unemployed versus well. it's a potential mega merger that could change the landscape of the deep discount retail industry now this past week dollar tree announced plans to acquire competitor family dollar for eight point five billion dollars and the combined companies will have more than thirteen thousand stores across the lower forty eight states and five provinces in canada and should expect annual sales of more than eighteen billion dollars now if this deal comes to fruition it could seriously shake up the mega market retail sector and here to discuss all this is our correspondent amir

and david amir a first and foremost great having you here were her idea of you on the show i love it i know you did some good he's good so bad now what's the deal what would you do this is a pretty big deal ok so we've got the two the second largest the second and the third largest discount retailers coming together you're definitely going to be some healthy competition for dollar general now that's the top money maker as far as discount retail goes but what's really interesting i think is that most people don't think about these companies as billion dollar companies no not one dollar in a time but you know all those dollars really kind of add up and this really has a lot to do with the economy why they're doing so well according to the most recent data total income for households earning less than thirty thousand dollars a year drop by one percent between two out. for in two thousand and twelve that's according to bureau of labor statistics also during the recession the number of working americans living in poverty increased by forty percent staggering numbers

and this of course has not been such a great thing for shoppers no not at all it has of course and a really good thing for a dollar store as there are huge as far as deep discounters go and they're really big both in urban and suburban communities we've got dollar general and family dollar big in urban communities dollar tree really big and suburban communities so this merger between family dollar and dollar tree really could sort of represent the next power retailer sort of giving the big box stores like wal-mart and target a run for their money now i'm glad they bring up these big box retailers because here's the question do these dollar stores really pose an actual real threat to these has been more than you would think and before i actually did research on that i thought they were completely separate but it's interesting they are like real competitors trips of the dollar sort of risen since of course the financial crisis fifty three percent of us shoppers in twenty thirteen said they went to one dollar store here or there in the past month that was

a from forty percent in two thousand and seven just for points of comparison sixty five percent of shoppers say they visited wal-mart monthly in two thousand and thirteen down from sixty nine percent in two thousand and seven and for target was also down thirty nine percent to twenty thirteen down from forty three percent in two thousand and seven to target and wal-mart coming down dollar store going up they obviously see that and they're obviously trying to chase after those bargain shoppers they're loyal they go at least once a month and they're always looking for a good deal so that's why you see erin when you go into like a target or a wal-mart they're like sections now carved out special for people that want those dollar buys who's there to see that dollar just the one dollar they're really excited about it so it is very real competition now is the question why would a big box retailer like a wal-mart just go out and buy. i there's the what about if you want to. be the good guy by the little guy if you have any antitrust implications whatsoever so

it's highly likely that wal-mart is considering buying dollar general that's the big retailer at the top but a lot of analysts say that this could be a sort of a tricky situation because there are so many rules and regulations really tough to get through the federal trade commission but that being said wal-mart is acting very smart because what they're going to do right now is kick their small format expansion so they have these smaller sort of subsidiary wal-mart they're called i call it kind of think of them as many markets and they're called wal-mart neighborhood market wal-mart express wal-mart to go all different kinds of branding and you're really finding them in more urban areas if you think about it you can't necessarily build a huge wal-mart super massive so that's why you usually see them in more suburban areas if you do that though you're really sort of relegating yourself to a particular kind of shopper you really want to get into those urban areas those congested areas where there are a lot of people and so this is

a way of them doing it it's also a way of them having their footprint in that sort of dollar store mean. business if you will and they're doing very well they're going to be opening three hundred of those and i think that's just their way of sort of pushing back on the dollar store mania you actually went to a dollar store and i'm excited for this i would only get a day out of the dollars i didn't know what i was going to be able to find i like going to the dollar store i always find some some interesting buys but they're just getting there perfecting i think their sales for sure they've got pregnant tests i would never expect to find a pregnancy test a disclaimer this is not for me this is purely for you to really for research a little this is using to join your pregnant yeah because they did find it was easy and they want to be accurate which another disclaimer this has one and usually boxes are sold they come in to say i think twos or threes correctly one. double check yes this is so i may want to get four of these if you're going to buy these but then again it's a dollar it's still going you know much cheaper so be the boxes retail for sixteen

dollars if you're just getting want to be like it was retailing for eight or just one that gives you are heard of maybe you can actually i want to say you don't want to try it for keep going until you feel short anyways. kalina last and so this is really sad and i think that we're not quite at that age where we need reading glasses very well i do this will help me with a teleprompter but i don't know that i really want to need it or anything like that and i don't know about you but my mother now has fifteen or twenty or get it actually because she misplaces them or she wants to keep them in everywhere in every purse and every glove compartment all around the house that adds up because they usually retail for about fifteen dollars that's a dollar that's great and then they're going to have a dollar's a good deal easier case technology moving very quickly so what's great about this is if you haven't you read or next year it could be smaller next year it could be bigger who knows how they're going to change you know the interface of it so why invest a lot of money these usually retail the cheapest you can find this is for about

seventy dollars want to commit to like a super fancy want to just get on if it's your tape measure and i love i know a man out there really like this anyways it's a staple of every home of course you can use it to put up pictures and stuff but you don't really use it all that often once you are things in place so what's the point of investing there is twenty docs and just one thing like this that's called dollar and it's probably the quality is not that different i'm sure it's measures yeah yeah that's what they're for and my personal favorite and you may agree with me reading cards that is should not only are these. fifty cents each but they're perfectly fine and when you think about what people mostly do when you get them a happy birthday card or whatever it is they look at it they read it and they throw it away it doesn't last as much as you like to think it does it makes a big difference in right on target and was do anything for them so why invest the money in it so those are cheaper dollars just to give you an idea if you were to buy this outside of a dollar store fifty six dollars i purchased some all for five dollars fifty

dollars in savings and not think. that it would be good because this stuff that you would actually buy for years yes right one hundred percent so in this economy maybe not. in this economy those are the kinds of savings that people are really looking for it and i think that just gives you a sense of why these dollar stores of unable to sort of carve out a market for themselves right now i got to ask you so all of this was a dollar but are there sometimes items that you're going to find that are not so i think why i like dollar tree because i don't want to go in anything more than a dollar i like to like you know give me what i'm looking for you know anyway it's fun family dollar and dollar general don't exactly do that there are a lot of dollar only items that they do things that are that range they go from two dollars to forty dollars depending on what you're getting their price and they do that because they like to sell a little bit more brand name goods i think they're trying to compete a little bit more with wal-mart so you'll find tide detergent you'll find coca-cola and stuff like that dollar trees and exception i will say that everything

a dollar that is the dollars should not be purchased there are some really sketchy things in the dollars so there's a lot of oh you are earning a lot of top ten lists out there that tells you top ten things to not buy at the dollar store but anyway it's electric or it's electric devices batteries don't get those. this is been positively fabulous love having the show is going to come out very very soon and i might have to give you a dollar. so much that was fabulous r.j. correspondent david time now for a very very quick break. stick around because when we return we're bringing you the best of the best from this past week and it's the end of the week which means it's time for us to hear from you edward harris and i are tackling your viewer feedback and our weekly accrued interest segment plus remember you can see all segments featured in today's show like this fabulous one on here to have dot com slash boom bust our teeth and on hulu at hulu dot com slash boom dash bust now we got to go but before we do here i look at some your closing numbers of the bell come on back at it.

a couple of hundred years ago sir thomas more wrote. you would abandon ship in a storm just because he couldn't control the winds well america ain't no you don't b.s. or tommy until stinky wind is blowing and the corporate rats are abandoning ship. right to see. first street. and i think the true. on our reporters twitter. and instagram.

be in the. us military was built to square off against the soviet union. over western europe but when you take that conventional military and now try to retest cute as a counterinsurgency force it creates a lot of gaps and that's the kind of private sector stuff.

welcome back now it's the end of the week and that means it's our best of the best segment first up we have cryptologist bruce schneier talking about how much privacy we give up for the sake of convenience to take a look at what he thinks about the whole situation next we have overstocked c.e.o. patrick byrne are green why the government has no business being involved in decline and coming off the heels of second quarter g.d.p. numbers axel mark and peter schiff interpret them to interpret the data and suggest we shouldn't get too excited about it just yet then minister bull debt expert kate long talks about puerto rico's debt crisis an inevitable default and finally yanis varoufakis explains what went wrong in greece and how they can build a road to recovery enjoy. we definitely are trading privacy convenience and i was working on my i phone before this interview and i was able to do a lot of things because that phone knew my physical location and that phone is a tracking device it's incredibly convenient yet it tracks me everywhere i go it

knows where i live it knows where i work it knows when i go to sleep it knows who i sleep with simply because it knows my location now where are trading off an enormous amount of privacy but we're getting some very powerful features in return so the trade off is in a sense worth it but we have to ensure that it's not being abused so when i look at corporate abuse when i look at government abuse they are around the edges these are still great services and that's why we all have cell phones we all have e-mail accounts we all have laptops. and it's a reminder dorothy parker said when she her peers that when she heard she says that what you hear is the true people collaborated to write a book it always made her sound to early to say hearing it three people collaborating to make a baby i just don't i don't i don't know what the third person does similar if you got to eat her and see don't know what that's limited by the rules of mathematics like by you know critically group occurrences are not sure what the rule of

government it doesn't you don't it's like needing three people to make it eight what's you don't need the government currency is a mechanism for humans to communicate information to each other price from european prices or little packets of information about scarcity value and i don't know what you need that other. a dozen everything looks great i mean you just mentioned how everything works hard in europe and everything must be so fabulous in the u.s. it's just nobody feels that the how fabulous it is maybe part of it is because a lot of that was inventory build up of but clearly some indicators are looking better the other number that came out by the way today was inflation p.c. inflation was up and if you put that into context in. flashin is moving up the fed today holding rates steady doesn't that mean that real interest rates interest rates often flame dropping so we have this hawkish federal reserve because everything is looking so great yet interest rates actually falling and so to me

that suggest maybe not everything is so great and when we finally going to raise rates i think we're still going to be in negative territory meaning after inflation that means financial repression in the u.s. is going to continue along time the key difference is that here we have made to believe that we have a strong recovery but i think that's not exactly the case. well first of all the the the plus four percent that was just released today is a politically number and is very likely to be revised downward maybe even significantly so in the months ahead so i wouldn't jump to any conclusions based on the first look because historically or at least the past several years these numbers are almost always revised downward. but even if you accept the four percent number for now it still shows that the u.s. economy barely grew in the first half of two thousand and fourteen total growth is just shy of one percent annualized which is most last than the three percent or so

that people were looking for at the end of two thousand and thirteen the very beginning of two thousand and fourteen and i think those people who are drawing a false sense of comfort right from this four percent number they think well this shows that the first quarter was just a weather related anomaly no it doesn't. well it just definitely i mean it restructures it devolved and. we basically i mean if you just look at the electric utility it's not sustainable the electric rates are extremely high we talked about this before too how the legend rates around twenty eight cents a kilo. in puerto rico and here in the mainland they average around twelve cents a kilo so it's just critical rate really. economy and even if you wanted to attract business it's very high with these high electric rates so the underlying absent the electric monopoly in the wire lesterville wire monopoly in the highways they just

have too much debt in the near investment which you can't do when you have are it dead in this process has to happen one way or another just unclear and under what legal framework it will have very. good truth behind the phony emphasis on public that has to do with the banking sector the banks of spain of portugal of greece of germany where in dire straits after two thousand and eight and the whole emphasis on public that the whole purpose of the bailout plans was so as to cynically effect the transfer of banking losses from the books of the banks onto the shoulders of the taxpayers thus the great emphasis on public debt which was not just applied on micro-economic grounds. now yes i want to have a more wide ranging conversation with you today but we got to talk about greece and i can't help but notice the private sector wages in greece are still dropping so when is a real recovery going to occur there. the answer to your pertinent question is

when europe and the government it's a come clean when they come clean on the fact that the insolvency of the greek social economy that happened in two thousand and one is simply with its transforming itself was not going away as a result of either we never dealt with it we dealt with it by piling up huge new debts on the shoulders of an insolvent state and then that state passed it on to the private sector in the form of tax hikes and adduction intentions and so on that it used to get demand so that they insolvency that begun two thousand and eight simply. within the economy when we stopped doing that then there would be a chance of recovery. that was the best of the best from this past week time now for our weekly accrued interest.

in first time with the wonderful and i were there and i was sure here from my side of the mirror and i wouldn't want to have you here at all so our eight hundred hours and i are putting you the viewers into the driver's seat today letting you steer the show with your comments questions and concerns all sent to us throughout the week twitter you tube and facebook let's dive right in and we begin with our regular and one of our favorite commentators optimus five this week had something to say about our show on tech evaluations he writes twitter's timeline views grew by fifteen percent over the last year that sounds very unimpressive just a quarter of facebook's size and slowing already ed thoughts common concerns well yeah basically we're in the fifth year of an expansion and people are going for growth so i think the bottom line is that at this point in the expansion with all

of the growth stocks are the ones that people are going to have to wonder what kind of pickup we're going to have economically and what impact that's going to have if you're doing sort of a discounted cash flow model of the next ten years and you're saying these companies are to grow thirty percent if the year two you have an economic pick up and you actually declawed fifteen percent instead of growing thirty that's a huge discount in terms of you know the valuation of the company and i think that's what we're looking at i want to do that but you know we've also talked about this before on the show how twitter doesn't have to be. you know like it doesn't necessarily need to grow maybe for its valuation and. maybe that's the problem valuation not necessarily the size of the group it's better to have more curated highlights where you already are you asian perspective you've got to wonder you know all these companies are you. these so-called just. take a look every single time you see one of these companies report it's always nice.

that we're back to the whole one thousand nine hundred where they weren't reporting the real numbers they were point these phony numbers at some point and. all of these these unusual expenses will go away i don't believe how quickly we forget that's for sure now another couple of her marks on our show this week about economy and markets now first is benjamin june said good show i agree that the economy is not as robust as many economists would like everyone to believe and truth say verse seven says dow down three hundred the cracks are beginning to show and you've been saying this for a while now so i guess the question is how big are those cracks that are beginning to show. a little bit more sort of cautious here i think the real economy is actually doing fairly well. we're at two hundred forty five thousand jobs trend over the last three months we've actually had the best year in

jobs growth at the trend since one thousand nine hundred. you know it's ok the real question is how much longer can this go on and what it's how those valuations in the market going to be compared to where the prospects of the economy are and that is a very big question of the next is let's get through these very christianson who really like john assaraf it's well he says this is my favorite boom bust guess he doesn't sugarcoat and it's clear and concise on the european economy and its current state of affairs critically with very morgana says a boom bust all star in my have. and you know the interesting bit is i think what i take away from what ja this is saying is basically that all of you know none of these companies these countries can pay all their debts and so the question is how much of the pain is going to be taken by the creditors and how much is. to be taken up by the debtors and right now we're trying to do is cram down all the pain on to the debtors and that's not

a politically sustainable activity given you know how much the economy is shrinking as a result of that eventually it's going to cause havoc and the eurozone to break apart as a part as a result of you know love that you saw that along with yourself thank you i know our final comment comes from regular capitalists who had this to say about our show on austrian economics nice to hear ed harris and give a shout out to austrian business cycle i think it's fair to say that when it comes to economic theory you are an equal opportunity praise or an offender which i know i am not sure you don't let anyone off the hook yet i think that you know it's good that we have all these different people that you interview i really find informative that you talk to different people from different. expect so that we can get sort of a holistic view rather than sort of cram one view down people's throat to get the whole picture that people decide that's what we're doing here for us we're giving you both sides we know you're smart enough out there to make your own decision

we're going to both ways here that's all for now but please remember that we love hearing from you so please check out our facebook page at facebook dot com slash for the best our team and please tweet us as well erin aid at edward age from all of us here thank you so much for watching have a great weekend we'll see you next time.

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put it on your mom and watch it. all the same time peter limone. a pleasure to have you with us here on our team today i'm researcher. in fish farms waters day out of the pond to me because. i. spread all over nobody is the most toxic food you have in the whole world. drowned zones in the judicial inquiry further more restrictions.

really knows what's inside the feeling. clean more zero casualties war this is the great fantasy of warmongering politicians. capturing people is messy what do you do if the innocent killing them easy we reserve the right to kill any person anywhere any time. they can do that in the sixty's but they can do tremendous amounts of makes these things so very dangerous politicians get

a new kind of power of the end this technology sad is very tempting. israel steps up its gaza offensive killing more than one hundred palestinians overnight while hunting for a soldier it says was captured by hamas. civilian death toll mounts as the ukrainian army tightened the noose around the self-proclaimed republics in the east of the country as a second r t affiliated journalist gets deported. coming clean on a hush hush interrogation tactic we tortured some folks. who did some things that were contrary to our values barack obama says ahead of a report on cia interrogation techniques as analysts anticipate more revelations to come.