headlines the trump interior department is now their latest attempt to repeal a rule that prevents emissions of methane and extremely potent greenhouse gas by oil and gas corporations operating on federal lands the bureau of land management b.l.m. within the interior department has estimated that the rule could prevent one hundred eighty thousand tons of methane emissions from going into the atmosphere every year that reduction in greenhouse pollution would have the same effect as taking nine hundred fifty thousand cars off the road methane is twenty five times more powerful than carbon dioxide as a greenhouse gas and about a third of all u.s. methane emissions are caused by oil and gas operations interior first two attempts to repeal face continued court challenges the latest attempt will be subject to a sixty day comment period after publication in what is called the federal register where we can all read about it. and stock markets in asia rallied today as

some sense of stability returned after last week's market meltdown while tokyo hong kong and shanghai led a strong advance across asia investors continued to be anxious especially head of key u.s. inflation data to be released wednesday some of the some of those concerns at such data could spark further volatile market moves almost anything could european stocks have seen a robust recovery also following the worst week in two years bringing back the bullish sentiment which has been buoyed this year by strong economic indicators and company quarterly reports the pan european stocks europe six hundred index rallied one point two percent including eighty seven percent of the stocks that make up the europe six hundred closing in positive territory plus other stocks stock exchanges in germany france and the u.k. each rose by more than one percent.

just a little over a week ago markets were shaken to their core the dow jones industrial average lost more than fifteen hundred points in just a single day while u.s. investors felt the burn what was going on overseas in europe and asian markets well here to give us some more insight as hillary for president and founder of mark henry thank you for being with us again we're really pleased to have you what's going on on the rest of the world as we were in the middle of this market meltdown well great to be back to go i think there were actually waves of why the rest of the world tends to follow the u.s. and i would say that you know volatility bring volatility and that's what we feel now what did asia seems to recover is reported and that headlines and europe was on a i think they broke a six day losing streak is there something specific over there that they're following u.s. markets only is there something else going on well couple of things first of all. so in terms of when you say european stocks as henry kissinger used to say he used

to say i'll believe in one europe when there's one phone number to call so don't forget we got a foot see the docks and then there's the stock market as many of the stock market but in general just always the guiding for what is europeans of that much more conservative so they don't seem to have the gyrations and the great fluctuations we do but they tend to follow us that's the way to really look at it and they follow us and i agree but they they follow us with a head of us in the trading every day so a day they open they were open earlier times only thing but don't forget they look at the futures after the dow closes then there are the futures and they look at that and they follow our sentiments and generations and don't forget in europe too you know debt is a down over there as well you know one of the things that i think people don't realize and part of this is actually due to t.v. is that stock exchanges which are pretty much traded electronically now but they have television studios and so they want to ring the bell and they want to show the

traders on the floor but ninety percent of most trading in stock markets around the world are done electronically a lot of it by algorithms so the other thing that people don't realize in tandem with that is that markets are actually trading after hours all the time so even though the european stocks are open earlier than the u.s. they're watching the u.s. it's twenty four seven three sixty five markets these days isn't it really doesn't stop yes and then you know the dow closes at four then you think about you know twelve hours ahead in asia so they're already there so that has an impact and then also don't forget so they're getting up in the same what happened then they have the dow futures on top of that and europe gets up a little bit later so they're watching asia and asia has just wash us i know some isn't stop i know some traders and they just continue and continue and continue i mean they're like you know perpetual college students who are going from one exam to another now let me ask you get ready d. types that are actually stop or no no no you don't they're going to the city that never sleeps wall street well you know. i mean it's an industry in a market that never sleeps you're absolutely right now you mentioned

a sure we talked about asia a little bit what's what's the big markets over there the hang the chang high composite. you know how are those markets doing well china is always far more speculative than we are in fact somebody actually said to me once he said he was over in china and he said you know it's like an organized capitalism over there they're far more actually entrepreneurial and very speculative they've actually taken out of lot of loans don't forget they're buying on debt take out the stock market so they will have obviously greater swings than europe will and what about the nikkei that japan the nikkei average about the same thing but not to the same extent of the chinese they don't but they're not as speculative as the chinese are they don't take as much risk you know you know i talked to one of the headlines a investors are worried about some of the economic data coming out in part in particular u.s. inflation data is coming out on wednesday yes and it's almost like there's a hair trigger that mentality that anything you worry could indicate

more volatile markets is that just how it is in times like this i mean did you for example just expect a correction like many people did in markets the minute that they announce the package i think what it is is that albeit that the other spending package it's not what republicans normally stand for republicans normally have a fiscally conservative fiscal restraint i think they were obviously so many concessions were made to get this passed that you have a greater spend than anybody really was anticipating that's really what's at issue here everything that happened on the fifth was right after that announcement so you know and you know generally people were it almost became embarrassing to be hillary saying there's a correction coming there's a correction coming but after i said it for four or five months i was like well you know when's it coming but did it come more fast and furiously than you thought it would come you know i think at some point everybody knows you can't keep going up you just can't and what goes up must come down. and the stock market over time everybody knows has continued to expand and we have but we have been in

a bull market for a very long time now some correction however don't forget a thousand points with how high we are now when you are in like the twenty four thousand range twenty five thousand range a thousand point drop isn't the huge percentage that it was the thousand points was a lot more drastic and they are in a military training eighty seven thousand points is a lot but not is a smaller percentage nowadays so did i think it was going to happen everybody everybody not just me everybody knows there was going to be a correction we are not yet in a bear market some people say a bear market is coming i think you're going to see jitters no matter what after that interest rates but still were all time low for interest rates they're still low fundamentally there's one thing to look at the fundamentals of the marketplace we have good employment we have good economic outlook we're on a steady for ching as is europe it is not a vol of tile economic underpinning that is the key to to view everything with a stable economy begets

a stable market in the long term i could not agree with you more purely for the present to stroll mark thank you again for being here absolutely see you again yes . president trump is pushing to cut food stamps by partially replacing the program that feeds america's poorest with what they call meal kits the proposal calls called america's harvest box once to bring it made in the usa food products to over sixteen million households as artie's alex mahela bitch tells us homemade meals are popular around the world and this program is just a variation of that idea alex joins us as always from toronto alex thanks again for all your help at this time tell us a little bit about these meal kits and how they're used outside of the u.s. but it's interesting when we talk about the bus we're talking about food stamps and how we can help the poor when it comes to the rest of the world it actually is a question of maybe not the rest the world but let's say asia the wealthier countries and canada australia etc it's

a question of being time poor so it's families that want to have more time on their hands to do more things with their kids and with each other so what these kids are the guy they come to your house with is basically a bunch of vegetables and meats and dairy and whatever else you might need to cook a meal there's a little recipe there and then you cook it all the ingredients are measured out and you seem like a gourmet chef at the end of it because everything was measured out and you were told what to do but instead of having to go to the store and buy everything on your own what happens here is that it's all pre-prepared for you so it's a popular service taiwan happens to be one of the places that it's doing well but all numbers indicate that this is kind of sliding down that people that like to cook like to cook and they like to pick the products out themselves but there are there are other services as you know that do this for different reasons in both canada and the states we have meals on wheels so people that can't be the disabled be they old or whatever reason they can't go out and get their groceries that's how we have these prepared meals brought to them schools here in toronto for example

there are now private services that deliver healthier meals to kids at schools so you know these are all great things but my favorite hands down happens to be in. and that's where you have this thing called the tipping or the double box it's multilayered i bought one for my wife like four layers of little tin thing and they have this group they're called in mumbai it's since eight hundred ninety they've been doing this so for ten dollars a month or less the money by tip and box suppliers association which is five thousand guys on bicycles running around carrying meals for hot cooked meals come from home to the people that they're supposed to go to and they're out offices they deliver two hundred thousand meals a day this way so somebody is cooking at home and this guy comes picks it up takes it in the box to the person and then they deliver this empty tip and at the end of the day they have a ninety nine point nine percent accuracy rate of doing this for over a hundred years it's actually unbelievable and the fact that matters so people are even saying these guys should be certified six six sigma but if you ask them they

don't even know what that means they just know how to do something really really efficiently you know i was going to let your when you said eighteen ninety i thought well he just misread i mean you know it must be a mistake and i ought us out of let it go and not ask you that is incredible that they've been doing it and you say two hundred thousand meals and they're delivering it on bicycles so are they the biggest player in this milk at delivery services is it india or is it somebody else i would think is then you know really like first of all you just got to give it to them for being there around so long but i mean five thousand guys on bikes that's a lot of people but if we look at the states here there's a little bit of a graph of the big players are in the straits in the states and blue apron i mean they come in number one in a big bad way seventy one percent of the market share back in two thousand and sixteen some are saying now it's about eighty percent of the market share but when i say market share that's not necessarily a massive market share the problem with this is the blue apron last year when it i.p.o. came out at ten ended up at four dollars and twenty nine cents the worst performing

i.p.o. of the year now there might be a while wal-mart bailouts are saying that maybe wal-mart by actually buy into this company and working with trump wants to do what he wants to do so blue apron is actually a company with a lot of people are looking to make that happen and bring these meals to less fortunate people you are a fountain of information are to correspondent and chef alex mahela vetch thank you you thank. and time now for a quick break but stick around because when we return we'll talk more on stocks and u.s. equities with stocks which is melissa horrible and as we go to break all three major u.s. stock markets posted gains today as we go to break here are those numbers at the closing bell.

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i think it's one of those. and this is some of it is just the most trying. to pretend play i promise it to dad to some odd time to get your. welcome back the trumpet ministration unveiled war plans to weaken the consumer financial protection bureau on monday the plans were outlined in the c.f. p.b.s. new five years plan as well as the white house's two thousand and one thousand budget proposal c f p b strategic plan changes the bureau's number one goal from

preventing harm to consumers to making sure that consumers have access to financial products and services language about fair enforcement and empowering consumers from the last five year plan was also replaced the truck budget would reduce c f p b spending authority for fiscal year two thousand and nineteen which begins on october first by one hundred forty seven. a million dollars effectively taking it back to the f y twenty fifteen level cuts to c.f. p.b.s. budget would total six point four billion dollars over ten years the budget also contains a litany of complaints about c.f. p.b.s. investigations and enforcement actions in support of plans to scale back c f p b s authority protecting consumers including a legislative rewrite of see if p.b.s. of forty by congress and twenty twenty. and turning to the caribbean a group of creditors is pressing cuba for a restructuring of one point four billion dollars in unpaid commercial debt to

advisors to the cuban london group say they offered cuba quote very significant debt relief in a proposal last month the london group is believed to hold about half of cubans private sector debt resolution of the london group debt is considered a final hurdle for cuba before the country can have access to international capital markets cuba previously released a debt restructuring gauge went with the paris club creditors and twenty fifteen and with mexican creditors in twenty thirteen the twenty fifteen agreement included forgiveness of eight point five billion dollars of eleven billion dollars in debt and repayment of the remainder over eighteen years the london group says their offer is even more lenient than the twenty fifteen deal. a massive but largely invisible and vironment oil catastrophe is unfolding in the south china sea one hundred thousand tons of natural gas condensate were released when these sank

a panamanian flagged iranian own tanker carrying the toxic chemical collided with another vessel it burned for a week sank and killed all thirty two crewmembers the spill now threatens ecosystems and fishing areas that yield yielded five million tons of seafood last year. condensate exposure can be fatal to humans and the effects of eating food tainted with it have not been studied condensate is a much thinner in consistency than oil making it less visible and almost impossible to clean up chinese authorities have banned fishing in the areas closest to the spill china's fishing industry is estimated to employ fourteen million workers. and if you're a bit coin minor in iceland then you're probably using more energy doing that than powering your own home and energy expert from icelandic company h s orca estimated

that the average bitcoin miner in iceland is using around eight hundred forty gigawatts of electricity the average home in iceland uses only seven hundred gigawatts the popularity of iceland as a location for mining is in part due to iceland having some of the cheapest energy prices and some of the fastest fiber optic internet networks in the world the icy climate also helps keep the mining hardware cool as the systems generate massive amounts of heat growing growth in the mining community has surged in recent years genesis mining one of the largest miners in iceland has three mining facilities and it's estimated to be the biggest in the country. another merger may be about to shift the health care market the drugstore chain walgreens is rumored to be negotiating to buy the drug wholesale company amerisource amerisource bergen walgreens already holds twenty six percent of the target stock amerisource bergen

is valued at roughly twenty billion dollars the reported bid would confirm a recent trend toward consolidation in the health care sector and december while giving competitors c.v.s. we all know announced plans to plans to acquire insurer aetna the merger would allow the two companies to more directly integrate drug and device delivery with health care. uses c.v.s. as ten thousand pharmacy and related minute clinic locations in that vein amazon is also reported to be planning to scale up its medical supply business last month as reported here on boom bust amazon announced a partnership with berkshire hathaway and j.p. morgan a large financial institution to create a new separate company to serve all of their employees and operate a defacto health care laboratory.

and we've got asian and european stocks but we did not yet get to u.s. equities and here to join us is melissa arm of stocks militia thank you for much for being with now let me get one thing straight is that these thought stocks whoosh or stocks whoosh and their wine bar is to rafiq ok all right well you know we love you we want to get the name of your company correct so most are go founder of stocks which thank you for joining us melissa what do you what is your what are your take on things going on now we seem to have another day today that's a little bit up but are we worried about some of this economic data coming out and all of a sudden that's going to be a tipping point we're going to see some more of vexing volatility. i don't think the volatility is over i think that we held today we held yesterday we rallied in the close on friday but to me it really is a week called we are not that far off the highs so overall for a long term investor the market's a looks very bullish but your fear trader or if you're a swing trader i would in the have bought right back into this market on friday or

monday or today because we still possibly could go down and retest the lows from friday and i will tell you if we did do we could break that so i don't know i would say to be safe wait until we rally over that big selloff day that was one week ago today when the market really tanked once we get over the high of that day which in the spiders is around two seventy five ish that i would still a lot better about saying go ahead get in long swing traders day traders the market's going to move up and make another brand new all time high the economic data this week you know the market could have a move but i don't know if it's going to be up from that and we won't know until it happens and speaking of economic data you know what's next week that the federal open markets committee the federal reserve meets and to discuss raising interest rates that could be another thing that that's out there melissa let me ask you

though there's all there's this montra in trading that you buy the dip and so when when when prices go down and we've seen you know we're in two correction territory as we've discussed on the program before ten percent down from the market highs which were thirty percent up year over year in january but you know you're doing some caution about getting back in but are you some deals out there should some of our viewers be looking at buying the dip. no i wouldn't say anyone should be buying any debts and that's not the way that i look at the chart again i'm a technical trader but whether technically or fundamentally you look at it again the market strong i say you know your time horizon if you're a long term investor and you want to buy the dip that's fine but know you could get jostled around a lot because it's really not a good idea to predict the low and predict the high why because you're never going to be able to do that consistently over the long haul wait wait to the market gives you the confirmation and i'm telling you where that is it's over the high of everything in the dow and this five and the kids if you look at charts or any of

the things that fell from last monday wait until they get over that high about big selling bar that started the correction the start of the collapse down so no i wouldn't be buying any dips because here's the thing how many tips are we going to have how do you know this is the last step it's not that we're not going to move higher eventual e. is it going to be in the next week in the next two days is it going to take two months i don't know so i can't predict that i wait until it happens and it's going to be where i said and it's probably going to happen when the market caps up in the premarket it opens a lot higher in the morning at nine thirty and rallies all day and we probably lift over that high of that past monday but i can't say for sure if that's going to happen this week and i don't know if it's going to happen in the next month so you wait you wait until it happens because if you don't have a high threshold for pain and for risk you could be in the market happy as a clam today and yesterday and then all of a sudden tomorrow you might be down and you might not be able to handle it and if that happens i'm telling you people won't be able to handle it they're going to get

scared and they get a quick sell out and that's going to push the market down have another big red day because people jumped in to quick in my opinion if they're in now this may go along with your your thought about not buying dip not getting in but let me test your patience on this question what about rebalancing if people have you know lost some . thinking wait a minute i don't want the same exposure i've had in the past should they should they. should they should they maybe rebalance their portfolio or is your advice just the same for now unless you want to get smacked around a little bit. it's not a yes or no answer because it depends on your situation if you're thirty five hour you're sixty five they answer that question is going to be a lot different are you retired or are you going to retirement you know you don't know if you have a lot of time to vest of the market i'd say stay with it if you're near retirement or in retirement right now and that's a different story melissa it's always so great to have you really appreciate your

advice for listening to it i know our viewers appreciate it as much as we do the show most arm of the founder of stocks thank you for joining us. the trump of ministration is seeking as part of other budget proposal to increase fees for derivative trades in order to offset other expenditures like increased defense spending i know a lot about this tactic i've seen it before republican and democratic administrations they they do this really it's a smoke and mirrors sort of deal and they've done it over and over they try to say they're going to increase user fees on this or that in this case with regard to fees for trading in derivatives but they never seem to push the legislative agenda forward they never provide the actual bill to congress and my view is that these markets in particular with regard to this proposal by the administration are good for the public because they impractical we call price discovery that is you know we these markets impact what we pay for just about everything that is the commodities

markets that they want to tax whether or not it's food or fuel or interest rate to pay on a home mortgage or a student loan therefore the government in my view has a responsibility to ensure that the markets are policed that there is cops on the beat and that the prices that we pay for about everything we use are devised in an efficient and effective manner that said if the government fails if the government fails to provide the needed resources to regulators then we've got to figure out some way to fund them but that's not what the trump administration is interested in that's not what the obama and the clinton administration are rested and they don't care they just want to get something inactive and it's a little bit sick cynical i know but look guys i've seen this movie to see it before. that's it for this time thanks for watching be sure to catch bill bastone you tube you tube dot com slash boom bust arctic sea tomorrow.

in america a college degree requires a great deal. paying a decade's long debt. studying so hard it requires strong just. going through humiliation to enter an elite society. and partying to death sometimes quite literally. wants other true colors of universities in the u.s. . the games have begun the younger sister of north korea's ruler kim jong un has captured the attention of the media while u.s. vice president mike pence was mocked as a dud even undiplomatic the two koreas or engage each other.

well that's just. so over i want you to enjoy the show we've raised with both of you very true you're right. away your. management. and they have. given you need to feel the. sun what do you how much. do you. mean that we could measure that's often more negative.

germany's social democratic leader martin shoulder resigns after having recently agreed to form a so-called grand coalition with chancellor angela merkel. and to another resignation in europe the foreign minister of the netherlands quits after admitting he lied about a meeting with vladimir putin and the russian that leader's intentions to forge a greater russia. in the an exclusive interview with r.t.s. the head of the court of arbitration for sports the friends at the olympic committee's a decision to exclude russian athletes which the court itself had already cleared of doping allegations. the fact that the neighbor.