most families that's where we get into the road they don't have a question 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 when boom bust returns.

are you going to believe he can mimic will resume phone thing in the realm of education the right to education is being supplanted by the right to access education alone higher education is becoming just another product that can be bought and sold but it's not just about education anymore it's also about running a business where you could you know models that the regime could this owns the dream that they could then we. want is the place of students in this business model for college i was born now i'm running stream reborn education the new global economic war. you're calling say that. something is good in kosovo or bad for barcelona. but for for crimea. a one. either the principle is

good or the principle is bad has to be a apply equally and that is not being done. in the heart of the swiss alps this is a place probably more secretive than the pentagon more mysterious than the cia and better guarded than for knox swiss customs are here permanently all the site is controlled by them and they impose the opening time so it will come up with it because it is from is all plus the procedures in place of the strictest in all europe must to pieces by artists like pecan so and modigliani i can't boards and soon inside this warehouse that's where the report comes in it covers up deals which are not naturally discreet commercially discreet but also discreet because they concern fraud. some of those paintings are linked to dark secrets nobody knows

how many of these secrets a kept inside the geneva freeport such position that he will never obtain an inventory of all the works in the freeport who knows how many there are three hundred three thousand three hundred thousand is it a matter of confidentiality only is it the world's black box of the art business. 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 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 thousands 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 telecommuting. services and china but the leading telecom service in 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 twenty sixth team its customer base grew by two point five percent now in north america of horizon communications is the largest telecom company and the u.s. and its market value is estimated to be a little over one hundred and ninety billion dollars the company has customers worldwide in operates in one hundred fifty countries. closely behind horizon

as 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 power which is an ultra fast internet service that's now being provided to fifty six metropolitan locations in the us. a lot of 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 in twenty six countries now over in japan at ponte telegraph and telephone corp which has a market value of eighty six a billion dollars is unlike any other telecommute 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 is 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 a little beret they hadn't seen 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 an 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 of 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 do worth 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 the 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 are going to not find the airlines or is this just you think a one off. well there's nothing happening right away they open the rulemaking document to take docket to take suggestions of what they could be doing better and it's certainly true that many of the existing 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 youtube dot com slash boom bust r.t. catch you next time. when you go should we get you want to tell you it's none of us are not allowed to marry

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want to see. the u.k. home secretary confirms a former russian spy and his daughter will poisoned with a nerve agent while politicians and the media talk up the kremlin's possible role on the road rules and speculation. if we are to be reversed in this investigation we must avoid speculation and. it allowed the police to carry out their investigation the saudi crown prince is given the red carpet treatment by downing street is protestors outside denounce riyadh bombing of yemen and also to come this hour racially motivated hostility and crime against native germans are on the rise in berlin that's according to the city's interior minister.

hello there it's five pm here in moscow you're watching r.t. international news for thursday evening now our top story this hour a former russian spy and his daughter a believed to have been poisoned with a nerve agent according to u.k. police so again you just clipper will remain unconscious and in a critical but stable condition according to the home secretary after being found unconscious in the british city of seoul spree on sunday the country's top counterterrorism officer says the pair were targeted deliberately. misused being treated as a major incident involving attempted murder by administration of a nerve agent i will not be providing credit for mostly. about the exact steps that has been identified ok let's give some background to surrogates cliff powell here 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 courts clear power in two thousand and four and later convicted him of revealing the identity 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 with the u.s. he was later flown to britain is what the u.k. home secretary you said today in parliament. the use of a nerve agent on the u.k. soul is a brazen and reckless act but if we are to be rigorous in this investigation we must avoid speculation and allow the police to carry on their investigation. for details now from party boy who was following events for us in the u.k. good afternoon to you polly what else was said then by the staff the name. well that was her updating the house of commons on this case and she cautioned against speculation and not just speculation in the media it's something that now the

politicians are doing as well many of them have pointed the finger of blame squarely at last and some are even using it as an opportunity to push for more defense spending take a listen officer was one of the first responders the stunt show evidence against russia very strong who would harm. the french the first use of the room and. we have already. substantial extra funds at the security services from crew to nineteen hundred new people. and actually speaking in an interview this morning the defense secretary gavin williamson pulled that thread as well he refused to say whether or not he thought moscow was behind the attack on the script but almost in the same breath he also referred to russia as an ever greater threat despite the home secretary's appeal

for everybody to keep a cool head about this news stories about sergei script pollin the theories just keep on coming one media report has even linked him to the intelligence that came up with that so-called dodgy dossier on donald trump so some pretty wild theories swirling around in the meantime the police are getting on with the police investigation somewhere where they might actually on a few facts it's now been divided into three separate sites that investigation the script files home the pub where they were drinking on sunday with their daughter and the pizza restaurant where his daughter are thought to have eaten and the police say that they're combing through all the c.c.t.v. footage c.c.t.v. footage that they have been. i detail the timeline of events they've got hundreds of officers working around the clock trying to find out who it was that used that

gas on sergei script powell and his daughter and why ok thanks polly that was artie's there for us in london but as we heard then the incident is dominating the news in britain and although little is currently known about what exactly happened reporters are wasting no time in speculating it was orchestrated by the kremlin a claim moscow strongly denies former u.k. police officer peter kirk and believes the media hype does not help 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 ago isn't going quite so quite loudly about what their theories are and all the rest of it we've had it with hate crimes and right side crimes and various other things terrorism sort of the big thing that excites of the barrel it's not helpful to us to go to officers investigating officers know that they shouldn't be themselves be swayed by that they follow the evidence it's obviously not helpful.

now the u.s. secretary of state is on an official tour of africa at the moment with his first stop ahead of the trip though rex tillerson here claim the continent's being exploited by china an issue that is expected to dominate the upcoming talks russia's foreign minister who's also on a tour of africa had this to say about to listen from up. here in his middle school i didn't know that rex tillerson is an expert in africa china relations i think it's a little tactless when on a visit to talk about the relationships of your hosts with other countries especially in such a negative way. you go she done of takes a look now at whether africa will actually become a new stage for rivalry between the u.s. and china. 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 partnered with our 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 xin 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 it's 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 you pass it in this regard so we're working very hard to go over and we believe that walking to gether would bring about much will be beneficial relationship china has become successful in africa because china tends to favor and tends to stress 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 a 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 after a visit by the saudi crown prince to london prompted protests outside downing street denouncing riyadh's deadly three year bombing of yemen britain's support saudi arabia is right to defend its national security against missile attacks from yemen many of which have targeted the kingdom cities including riyadh any solution to the conflict must ensure that saudi arabia no longer faces this cross border security threat but around four hundred people did gather to protest against the

royal visit activists condemn.