and one on another mark on the shoulder when i say ten gents. as should know the engine see or not to get a mark in my enemy dialect why haven't you jeb bush the house to sleep like a huge brother awadi and and want to tar the unfairly. cafe hard. on the dollar. while when you did they how artificially howlers hasa let in on that the sin of an only mr home while enemy out of one and only i recall not all you did as hostile to hostile scene when i'm alone behind. i think a little bit. because i am one who is. looking at all of the soap and thinking as weakness instead they know what it was. and shared among those sure a. certain unit or a common one is and making it over as you would to keep movin or move when foretold

mushroom. mower this is focused on piano upon zeus you do. move it only. when it is that it was a kid where you are part of the will. unicef coordination lucy i'm a laundry from the refugee support team in greece says the country is overwhelmed. these remains one of the gate to europe and the famed they say we the people but not all put it you need to share the responsibility within the european member states so they are under the ice show. me not to this t.v. pool. of many of the other members they seem to be trying to prevent that reproduce seeking in their own countries we also are they where many cases these might bring are going to be who even try the action of these see them push you out

on this environment but even most dangerous situation like would be traffic or organs we need to prevent these children being put under the thing we need to identify their relatives and to speed up the process thought reunifying of the children with the. well for more on these and plenty of other stories that go to our web site r.t. dot com otherwise i'll be back with the headlines at the top of the hour see that.

are you confused by washington syria policy rest assured you're not alone trump says one thing while his generals do otherwise also brinkmanship with north korea is it working in one moving the u.s. embassy to jerusalem is still a bad idea. so seems wrong. well. just don't hold. any you told to get to shape out this day comes to educate and engage with equals betrayal. when so many find themselves worlds apart we choose to look for common ground. hey everybody i'm stephen both test hollywood guy the suspect every proud american first of all i'm just george bush and honored to say this is my buddy max

famous financial guru just a little bit different on this day in california you know with those with all the drama happening in our country i'm rude have fun every day americans. and hopefully start to bridge the gap this is the great american to. oh. this is boom bust broadcasting around the world from washington d.c. i'm far chilton's coming up we asked danielle de martino booth to give us her view

ahead of the new federal reserve chairman jay powell testimony before congress and she helps us examine inflation and tells us just when she thinks interest rates will rise plus crypto currencies are increasing we check in with jeffrey tucker on what's going on and what to expect all of that in our near term future but first let's get some headlines a proposal to allow chinese president xi jinping to remain in power past twenty twenty three is being considered the chinese constitution currently prohibits presidents from serving more than two terms of five years each the proposal by the communist party's central committee comprised of two hundred members is holding a three day meeting these days meeting to approve. the presidential cabinet the central committee's recommendations are usually rubber stamped and approved by. the u.k. opposition leader jeremy corbyn of labor has come out in favor of remaining in the

customs union that's a cooperative trading relationship with members of the european union however corbett insisted that the u.k. still be allowed to negotiate its own deals with other nations and trade blocks a deregulate free rice the bottom would damage people's jobs and living standards and labor would negotiate a new and strong relationship with a single market that includes full tariff free access and a flaw and existing rights standards and protections. corbin's position has been rejected in the past by e.u. officials when proposed by prime minister theresa may though corbin's more flexible stance on immigration and his pledge to immediately guarantee the rights of all us you e.u. citizens living in the u.k. could earn him more space to maneuver if labor were to take over power the leftist

leaders said trade deals with the united states or china would not be likely to compensate for the significant loss of trade with our trading neighbors in the e.u. and pointed out that forty four percent of u.k. exports are purchased by consumers while fifty percent of the u.k.'s imports come from the e.u. corben statement increases pressure on the prime minister as the labor bloc members of parliament could now vote with euro skeptics from the conservative party to defeat expected legislation on the issue possibly leading to a vote of no confidence and new elections been so-called soft brecht's that position represents an evolution for the labor leader who has long been regarded as a skeptic of e.u. it also ordered him some praise rare praise that is from business groups including the confederation of british industry and the british chamber of commerce. and sticking with the united kingdom retail sales for january in the u.k.

were lower than expected growing only point one percent when expectations were for half a percent year over year u.k. retail sales were up one point six percent also far below expectations for two point six percent yearly increase the outliers in retail show that food sales took a large drop while sporting equipment sportswear toys and games all increased by eleven percent. the seventh round of talks to renegotiate the north american free trade agreement or nafta have begun but the latest news in the us mexico relationship there are more likely to make not much progress and recent months mexico and u.s. diplomats had worked behind the scenes to lower tensions that had been stoked by president donald trump's campaign pledge to complete a wall along the us mexico border and his demand that mexico pay the cost trump

demands scuttled a trip from the mexican president and pena nieto who had planned to come here last year shortly after trump's inauguration and diplomats on both sides had hoped to revive the plan for a trip this year however a phone call in recent days between the two presidents meant to firm up planned meeting for march ended a mutual frustration over the exact same issues as a president trump to stop insists and that mexico would pay before the latest debacle diplomats and trade experts are already saying that nafta negotiation process is behind schedule now even that slow progress seems to be losing steam issues which have been seemingly unsurmountable somebody blocks include u.s. demands to significantly alter rules related to automobile imports and the imposition of a haws that would automatically kill nafta after five years canadian prime minister justin trudeau also weighed in recently on nafta warning that quote canada is

willing to walk away from nafta if the united states proposes a bad deal. we're joined by daniele de martino booth the founder of money strong and the author of fed up an insider's take on why the federal reserve is bad for america and daniel recently penned an opinion editorial that was for bloomberg view a super interesting danielle thanks for being with us again you think that most folks weren't actually as they were so consumed by the market moves in the last few weeks that maybe not enough of pent attention was paid to the inflation data that and some other things tell us about. well you know the real the real irony here is that what got people set off in terms of inflation fears was really not not real. the labor report that came out that showed two point nine percent year over year

increase in earnings was largely offset by a shrinking of the workweek so they really they really viewed the wage inflation problem in a silo and didn't take the whole picture into account if you're working fewer hours and you're getting paid more for the hour again they largely offset themselves they have been disregarding and this is what's stressing me out they've been disregarding news that we've seen of late on input prices raw materials the producer price index recently had a six year high and index of eighteen and dust real inputs hit a three year high and we've seen that wholesale inventories have been depleted they've been they've been they've been taken down to the bone and that implies not just that producer prices input prices for companies are high today but that they're going to keep rising investors really need to be aware of this so i want to go back to a century you're saying that the the people conflated the data related

to inflation related to employ. so. i wondered when we saw that because that's a gear gently right that's how it was reported that there was a wage growth that was a little higher than people expected and i wondered whether or not you know some on the street a wait a minute we're not going to make as much money because it's going to workers i know it's a cynical view but as you say you know that wasn't even the full picture so when we when we look at inflation how does that impact things like bond prices down you know well you know let's just say for example that the work week that it was just a one month. just a one month aberration and that the next time we get the labor report out in a few weeks that we say that rate wages have continued to rise and that the workweek has expanded and on top of that the corporations are having to deal with

higher input prices so you've got a margin squeeze right there you add insult to injury in the form of higher interest rates and all of a sudden corporations are not only spending more for their workers meaning making less for their shareholders their input prices are squeezing them six ways to sunday and their interest expense is going up when they're when they're over ridden with more debt than corporate america has ever held before i mean this is that sounds like a triple storm to me that's building and again i don't necessarily know that investors are paying attention to the to the to the height of interest rates to the fact that more recently we saw that the flip side of the weak dollar which benefits our manufacturers is that import prices are rising at a surprisingly high rate we're not going to buy as many mercedes and b.m.w.'s as we were before if we were that fortunate to begin with right and you know one of the things you didn't mention there was that the tax hit that some companies took you know from from the new tax bill now that will work out to their advantage this

year two thousand and eighteen two of the taxable year two thousand and eighteen but they did have some tax hit still for last year and you're seeing that reflected in some of the earnings reports so combine that with what you're talking about the wage growth the input cost and the tax hit even though it's temporary all those are going into it i hate the perfect storm analogy but all of those are coming together and that's really what concerns you isn't it. it is and on top of that for all of the excitement that's been generated about the tax bill you know in order to accommodate that tax bill we know that the deficit that treasury issuance bills and bonds over the next twelve months is going. we double what it was before that and that and that also incorporates the latest budgetary numbers that we've seen but again you can't have rising supply have the fed stepping back as

a buyer little by little by little every quarter and not expect bond prices to rise and i think once all of this once all of this craziness with short volatility and respect i think once the market has worked through that and the big downs and the big ups it's going to turn its attention back to interest rates back to what's driving interest rates and you know we're not that far away from the recent cycle high of three point zero three percent on the ten year treasury if we surpassed that which is maybe twelve hundreds of a percentage point if we pass that line of demarcation i can't tell you what's going to happen to the stock market but it won't be pretty. i can get the theory here and it is a little troubling as you're explaining it do you think.