he already has to buy a home and right maybe you're not going to say texas maybe you're good where should they go they got any annacone anywhere yeah and why is it matter where they go well because the same rules apply everywhere you know but but those kids that are just coming out of college some have a lot of debt some of them are going to get a new job and you know they're not staying in their jobs as long as wealth other generations do you know some people retired after thirty years these millennial zora buying are getting their first jobs and maybe they're going to live there two or three years and they're going to trade to a different job you don't want to buy a home in today's market with all the closing cost in the down payments and have to sell it again in the stress of all that just rent if you're not going to be there five years you're not going to recoup your money save your money double down on your four zero one k. get make sure you get those matching funds save for a nest egg you know emergency funds are needed and a lot of our families don't do that you know they think i'm going to take all their money for a down payment a house i can't do that by law i have to leave them

a cushion most families that's where we get into the road they don't have a cushion so if you're younger pay off your student loans pay off your credit cards don't have any car notes that's enough said to get you busy out of school the first few years and then if you're not happy with that first job and you're going to plan to move in the next five years don't invest in a home which is too expensive debbie thanks for joining us lots of important information good advice on what to do and some things to avoid debbie blood c.e.o. of deal b. financial services thanks for your time. still more to come so stick around because when we return we speak with gary left about airlines and profits plus ashley banks joins us to talk about the biggest telecom companies in the world and just how much they make and as we go to break there's a multiple choice quiz for you how many mobile phones are there in the world one point three billion two point five billion or five point seven billion the answer would. boom bust returns.

the new global economic will resume folding in the realm of education the right to education as being supplanted by the right to access educational loan higher education is becoming just another product that can be bullish and sold but it's not just about education anymore it's also about running a business and what you could. really couldn't be. which is the place of students in this business model before college i was born now and i'm extremely more high education the new global economic wall. and. it's been almost fifty years since we've had human beings on the surface of another planetary body and i hope that we could actually put together an

international lunar exploration initiative much like we have the international space station consortium and together the countries of the world cooperating with the private sector could afford to get back into real space exploration and i think that would that would create a real a lot of excitement. welcome back before we went to break we asked you how many cell phones there were in the world well the answer is five point seven billion that's almost one for every person in the world. auto companies around the world are racing to develop low cost electric cars to hit the road in developing markets as it's. stands now china

is still the world's largest car market and is a place where developers see plenty of potential chinese made electric vehicles have low prices in the market due to government subsidies and the cost typically range from six to seven thousand dollars for each vehicle while china may be the largest market the fastest growing economy in the world is making a strong push to claim that title india car companies in india are trying to get many of their models on the road within the next few years however there are only currently around ten thousand electric cars on the road in the country of more than a billion people and another hurdle will be pricing as a developing country many of india's citizens can even afford to spend a thousand on environmentally sound cars and some politicians across the globe proposed to make all cars on the road become electric within the next fifteen years but one road block could be infrastructure and charging complications.

according to reports the world's top telecom companies each have a market value of more than fifty billion dollars each servicing the world's ever growing telephone and wireless connection needs let's take a look at some of the leading telecommunication companies starting in china and china mobile limited is not only the leading provider of telecommunications services and china but the leading telecom service and the world according to reports the company has about eight hundred fifty million customers and has a market value of two hundred fifteen billion dollars between january and december two thousand and sixteen its customer base grew by two point five percent now in north america have a rise in communications as the largest telecom company and the u.s. its market value is estimated to be a little over one hundred and ninety billion dollars. the company has customers

worldwide and operates in one hundred fifty countries. closely behind horizon is the second largest telecommunications company in the us the company has a market value of two hundred forty billion dollars every bride's voice services and more than two hundred countries and operates more than thirty four thousand wife i have spots eighteen thousand services more than three hundred fifty five million people recently the company expanded its eighteen t. get power which is an ultra fast internet service that's now being provided to fifty six metropolitan locations in the us. i bought a phone group which is headquarter and the united kingdom services over four hundred million mobile customers the company's market value is close to seventy billion dollars and is the most of valuable brand in the united kingdom the company also hosts operations and twenty six countries now over in japan upon telegraph and

telephone corp which has a market value of eighty six billion dollars is unlike any other told him you should communication company and upon derives much of its business from fiber and tonight connections rather than a bundle packages the company is also soon looking to work with cloud computing services and order to expand its customer base now in mexico america mole serves over three hundred sixty million access lines and clipping two hundred eighty million mobile subscribers worldwide the company has a market value of forty nine billion dollars this number is much lower than it's been in recent years according to reports the company is battling anti conglomerate rules aimed at dismantling its telecommunications monopoly a move that is expected to be carried out early twenty eighteen although america mole appears to be in a bind experts say the telecommunications industry and its forecast to continue to expand especially when it comes to global operations and washington actually banks

reporting for boom busts. today we discuss airlines their profits and related matters with gary left the chairman and c.e.o. of miles and points consulting and the founder of view from the wing dot com gary thanks for being with us based upon airline's earnings reports the average profit among the seven largest u.s. airlines from a single ticket sale last year it was only seventeen dollars and seventy five cents and that's actually down from four years for your average of one thousand dollars and sixty five cents gary what's going on we've got a couple things that are happening first of all airfares have been continuing their long term downward trend so revenue is down slightly and at the same time costs are up first of all fuel prices are

a huge portion of the expense of an airline and fuel will certainly lower than it was five years ago is higher than it was in two thousand and fifteen sixteen so you've got my higher fuel expense and as airlines have been profitable in the last few years you've seen their labor expense rise too so they've got higher costs and revenues been under pressure as a result the profitability of the carriers other certainly continue to be profitable but their margins have been shrinking you know i when i saw these numbers which i mean little bear if they hadn't seen them before i was a little surprised i thought they were making way more than you know seventeen eighteen dollars i mean you know if you've got a large family with a bunch of bags you know twenty dollars might be a gratuity for the for the fellow take in your bags but when i guess when you add up all the people on a flight i mean what how much they make on up on the airline flight i know they're different you know sizes of planes etc but what do they make and roughly. so order

of magnitude you're talking about a couple thousand dollars a better way maybe to think about this is just in terms of their operating margin united's running about nine percent american a little bit less than twelve delta somewhat higher than that so in normal operating margins for a healthy business but they you know when they each flight they operate generates a little bit of profit but they're such large entity is that over the course of a year we're talking about billions of dollars pretty incredible i mean of those profits gary how much is for the actual travel and how much is for the related fees a baggage you know extra an extra three inches on leg room eccentric. if so it really depends on how you do the accounting on this if you're talking about fees for one of the large airlines you're going to generate around a billion dollars but you're also looking at all other revenue such as from our frequent flyer program that can even dwarf those fees that they're generating so one way of looking at it could be to say that the large airlines are basically

earning. their profits from fees and from the frequent flyer programs largely from their bank partner that issues their credit card on the other hand though that's not really true it's just an allocation issue you know used to be that the airfare included your checked bags now they've got that on bundled but it's not the case that you'd ever be selling checked bags without the transportation right when the with the way that they account for this is important because of course these ancillary fees are not subject to the seven and a half percent federal excise tax and domestic transportation that would be applying in the case of an airline ticket so there's not only a large amount of revenue but there's also substantial tax savings as well oh that's very interesting i hadn't thought about the tax attributes of it but i wonder on those frequent flyer cards i wish there were a way when i'm sitting on a plane to opt out of hearing about the great travel discount card that i've heard about forty times but let me ask you that brings up customer satisfaction gary which overall airline in the u.s.

is doing best with customer satisfaction. well you know southwest airlines has a fantastic brand alaska airlines has traditionally done very well they've stumbled a little bit as expected with their merger with virgin america in the northeast jet blue is fairly well regarded ok and we saw a few airlines drop discounts for the national rifle association members not long ago it made me think is that i mean there's probably just a branding thing they want to get out of it but do the airlines rely in any significant fashion on large organizations like the n.r.a. to provide special discounts and revenues or are those sort of one off things for the airlines well generally the airlines have programs that offer discounts for group travel so a group of ten or more go on a given night in a hurry often for a large conference and they may have discounts for large organizations as well it's not that any one of them is material to the overall profitability of the carrier

but they do a lot of things that drive revenue overall you know as they say ten million dollars here ten million dollars there and suddenly talking about real money if gary and bart got thirty of our friends together and every time we decided to travel we're going to take for ten friends could we essentially start a cooperative and get a discount ourselves garry bart airline travel cooperative well it's a little bit more complicated than that because you may be talking about you know a single destination but sure you know you can go to the delta airlines website and they have information on group travel for ten or more and you'll submit information and they may give you back a five percent discount on the fares ok we'll have a meeting on that now compare u.s. airlines around the two other airlines around the world and what's the most profitable airline outside of the u.s. gary. well so you've got a couple things going on certainly profitable airlines exist in europe right now the most profitable is i agee which owns british airways it owns iberia vueling and

air lingus they're partners with american airlines here in the states many of the low cost carriers in southeast asia as well as europe are profitable as well and which airline takes the most air passengers ferries them around from one destination to another is a single airline which known as as has that moniker well the world's largest airline is american airlines ok all right and they have over fifteen hundred planes now the interesting thing though here in the states is that while they're the world's largest airline they don't carry the most u.s. domestic passengers that airline may surprise a lot of people it's actually southwest which is only the fourth largest airline in the country let me ask you this u.s. department of transportation is considering pulling back on a lot of their rules and regulation and regulations and they asked the airlines last october what cuts would assist them this comes in the wake of the partner

transportation actually reducing by half the amount of fines in two thousand and seventeen to the airlines is there anything going on here is this going to be some you know they're not going to protect consumers going to not find the airlines or is this just you think a one off. well there's nothing happening right away they opened a rulemaking document to take docket to take suggestions of what they could be doing better and it's certainly true that many of these system rules could be improved even from a consumer standpoint simply from the basis of experience for instance since the tarmac delay rule was implemented you know we now know how it operates in practice so we should be open to the idea that it could be improved but nothing's going to happen right away because once they take that information they'll open a docket again with their actual suggestions their actual notice a proposed rule making and those will be open for comment as well including responses from consumer organizations it's not just an opportunity for the airlines to tell the d.o.t. what they want and be granted some kind of

a wish list we'll see what ultimately happens there there are plenty of rules many of which are perhaps outdated i always point to the maintenance standards for steam engines that remain on the books today. under you know under d.o.t. rules so you know i think that we can certainly revisit some of it and i don't see any reason to be concerned at this point that it's a free for all grab bag for the airlines amen to revisiting rules just what to protect consumers gary left the chairman and c.e.o. of miles and points consulting and the founder of view from the wing dot com thanks for your time. thank you. that's it for now thanks for watching be sure to catch boom bust on you tube at you tube dot com slash boom bust r.t. catch you next time. a

everybody from stephen paul. collingwood guy the suspects every proud american first of all i'm just george washington and honored to say this is my buddy max famous financial guru just a little bit different i'm not. going to take one of the oh no one knows up with all the drama happening in our country and i'm shooting the good have fun meet everyday americans calling and hopefully start to bridge the gap this is the great american people which. you could you know not to tell you it's really none of us are no good morning and one million people and i'm.

killed people may be so even dangerous. now no one's own tooling everybody's wrangling and that's sad. done some is not so is not i can quit place is not a good country. yes it is the minister to live bunch. of scum. as you describe it as a disco that is. the study of the co-chair. of the closeness

of the secular suggests. just a little unbiased from the moment of oneself to be a little. mostly helpless fossil. play almost anything and a member of any race the last second hour ride that john said i'm based on are much less credit tightening can i do not believe that the color of mr right is from traffic matter how on amanita. from a shallow. chin fucking on the canal himself i'm almost feeling now we're going to fuck them on a cool road since her three month old enough hours ago showed a huge boost about all of them go to the cities in the my car forces him as are the lot of the street the. cinema of our government allows us. to see all these rules about.

british police. should be concerned. to make sure. that. the saudi crown prince is given the red carpet treatment by downing street protesters nearby. widespread in the country's capital. and the u.s. . where he's expected to try to persuade the. be

with us today here one. day here. and his daughter who are now in a critical condition in hospital believed to have been poisoned with a nerve agent that's according to police. in the british city. the country's top counterterrorism officer says that. deliberately. this is. evolving and. i will not be providing information. about the exact. who.

is he used to serve in the russian military intelligence service but in one thousand nine hundred five he was taken on as a double agent by the u.k. . russia quote script in two thousand and four and later convicted him of revealing the identities of russian secret agents in europe he was sentenced to thirteen years in prison however he served only four years before being released as part of a high profile spy swap deal with the u.s. he was later flown to britain and with more on the ongoing investigation his polyploidy. the police officer the first attend on the scene when powell and his daughter were found slumped on that park bench in souls three the police officer that first attended to them is now also in a serious condition in hospital as a result of exposure to that nerve agent the police have also said that public safety remains a priority at the moment they don't think that there's evidence of a widespread health risks and they believe that these two individuals. his daughter

were targeted specifically earlier on the home secretary amber ruds she chad an emergency cobra committee meeting about all this that's highly unusual and normally only takes place when moments of national crises after terrorist attacks or if there been widespread floods something like that but the home secretary said that it is important at the moment to keep a cool head we need to keep it cool and make sure that we collect all the evidence we can and we need to make sure that we respond not to rumors but all the evidence that they collect and then we need to decide what action to take all the newspapers don't seem to have caught that memo though they're having a field day with speculation on the story the tabloids have been talking about a furious boris getting tough with. one particular newspaper had a splash all about putin swearing revenge on script powell so for some in the

british media this investigation is already a foregone conclusion a number of tabloids were speculating about the future and the fate of the world cup that's something that's got a lot of attention especially after the foreign secretary floated this sort of hypothetical idea of britain potentially boycotting the world cup as for the police investigation the place where there might actually be some facts in this story. well they are working very hard on establishing what happened they say they now have hundreds of detectives working around the clock to try and establish a timeline of events of house script powell and his daughter came to be poisoned by what we now know is not gas. as already mentioned at the script ol incident is dominating the news in britain and although little is currently known about what really happened reporters are wasting no time in speculating that it was an

attempted murder orchestrated by the kremlin a claim that moscow strongly denies former u.k. police officer peter cook him says the media hype creates an unhealthy environment for the investigation. speculation in the media speculation by politicians is never helpful to an investigator when you get any sort of hard profile case you'll find that the media are going going quite quite loudly about what their theories are and all the rest of it we've had it with hate crimes and crimes and various other things terrorism sort of the big thing that they get excited about it's not helpful to see the investigating officers investigating officers know they shouldn't be and don't let themselves be swayed by that they follow the evidence it's obviously not helpful. the u.s. secretary of state is on an official tour of african nations first stop ethiopia ahead of the trip though rex tillerson claim that the continent is being exploited

by china an issue that's expected to dominate the upcoming talks r.t.c. could have done off takes a look at whether africa could be the new theater for u.s. china rivalry. the united states wants africa back in its pocket which is all things considered a bit of a tall order just a few months ago african nations learned that according to trump they well to paraphrase the president kind of stink now the state department is on a bridge building mission we're partnering with our countries by incentivizing good governance to meet long term security and development goals. this is a stark contrast to trying as approach which encourages dependency using open contracts predatory loan practices and corrupt deals china you see is something of a major headache for washington beijing has been courting african nations for years

the asian powerhouse is involved in crucial infrastructure projects there it's invested billions of dollars in a railroad linking the continent from east to west effectively opening the door for pan african trade kenya is one country in particular that has benefited from china's cash injections it got its own railway the largest infrastructure development since its independence more than half a century ago but even this pales in comparison to a chinese construction firms in bishan in south africa to build an eighty four billion dollar city. with. hundreds of millions of dollars worth of aid education investments and a chinese t.v. channel for the african audience beijing is going all in here it's soft power

strategy has already made china second most popular destination for african students and its military is in africa to last year china opened its first overseas base with a facility in djibouti the same year it held joint drills with tanzania chinese soldiers have already been here for a few years its peacekeepers have been involved in missions across central africa so is it really that much of a surprise that some african nations prefer the chinese way over america's sweet talk the chinese has been front and center in providing us with roots this country . developed op to mock a posse to be in this regard so we're working very hard to go over and we believe that walking to gether would bring about more charly beneficial relationship china has become successful in africa because china tends to favor intense distrust

civilian projects some years ago the first president bush certainly states had more will than wallet which means it's not offer is not able to offer the kinds of aid that china is so generously providing there is a real fear in washington that china is in the passing lane and that sooner rather than later the chinese economy if it is not already will be larger than the united states economy which will have monumental impact on the balance of forces globally right now china has outrun the united states in africa on every front and it will take more than just words for washington to elbow its way past beijing it has done of r.t. . the british foreign secretary has defended u.k. ties with saudi arabia that's after the saudi crown prince his three day visit to london prompted protests outside downing street denouncing riyadh's deadly three

year bombing campaign which is ongoing in yemen britain supports saudi arabia's right to defend its national security against missile attacks from yemen many of which have targeted the kingdom cities including react any solution to the conflict must ensure that saudi arabia no longer faces this cross border security threat. roughly four hundred people gathered to protest the royal visit activists condemning the war in yemen and slammed u.k. arms sales to the kingdom a similar concerns were also raised in parliament by the leader of the opposition a humanitarian disaster is now taking place in yemen millions face starvation six hundred thousand children have cholera because of the saudi led bombing campaign and the block a germany has suspended arms sales to saudi arabia but british arms sales of sharply increased and british minute.