the information technology industry council and republican senator ben sasse of nebraska a state with a heavy stake in agriculture production. and speaking of agriculture a u.s. based aggregate giant cargill released a giant or greedy think corporate statement expressing concerns about trade tensions cargill officially said quote we're deeply concerned about the trade tensions and are urging both countries to get to the to go shooting table there are no winners in a trade dispute us ag exports including soybeans sorghum corn cotton before orange juice rice and pork and even though it's not a traditional egg commodity we can toss in whisky as a kicker all would be hit by china's announced retaliatory tariffs on u.s. exports the u.s. annually exports an estimated twenty billion dollars worth of agricultural goods to china. and syfy is the committee on foreign investments in the united states also the national security regulator has approved japan's softbank to purchase u.s.

based fortress investment group for three point three billion dollars but is required as part of the deal that soft bank give up control of a fortress therefore reducing influence over fortresses thirty eight billion dollars in assets the island nation of bahrain the first arab country to ever produce oil beginning back in one nine hundred thirty two as discovered at least eighty billion barrels of oil off shore of the kingdom it's a major discovery while the deposits are said to be a high quality extracting them could be costly and therefore impact the profitability bahrain said it's looking to be global oil companies to help in assisting the development of the discovery. and according to euro stat the euro zone's jobless rate was reduced by another tenth of a point to eight point five percent the lowest overall euro zone unemployment rate

since two thousand and eight in the u.s. stocks fell sharply on friday while the labor department's bureau of labor just tested released our march jobs report which shows a continuing unemployment rate of four point one percent for the six months in a row and one hundred thousand jobs were created in march and that added to the economy which came in below however expectations of one hundred eighty five thousand jobs average wage growth is up two point seven percent year over year that comes out to be an increase of eight cents per hour and to give us more in-depth look at the markets and jobs report we're joined by danielle de martino booth founder of money strong the author of fed up and a former advisor to the u.s. federal reserve danielle thanks for being with us i want to get to the markets but first let's go over the jobs report and what do you make of it. you know i think that is as bad as the headline numbers seemed i mean it was basically half of what expectations were that really if you combine february's blowout three hundred

twenty five thousand with march's one hundred thousand that was disappointing you star the two of them together and it was an ok report you know i think the federal reserve policymakers will be focused on that two point seven percent average wage again that you just mentioned that that's a bounce back from what we've seen we do want to see american workers start to make more money take more home in their paychecks so that is a promising sign but again federer policymakers will be focused on whether this means that the boogie man of wage inflation has started to come out and we always like to take a little deeper dive at the numbers danielle i know you do to do due to what happened in the individual sectors i we've talked about manufacturing in the past but what's going on with if you dig deeper into the numbers. well you know in february we had sixty one thousand jobs created in construction which is extraordinary one of the coldest months of the year so we saw give back in march there twelve thousand construction jobs were lost there were also forty seven

thousand jobs created in the beleaguered retail sector and february and we saw losses and retail as well you know we have seen a sizable rebound in oil prices so we have seen jobs created in the oil patch we saw a nice rebound in manufacturing jobs there were there were jobs created in the wholesale trade industry a lot of the a lot of the kind of industrial sectors that the president trump has his eye on had a very strong showings in march despite again what that headline number seemed to communicate right was very interesting you know i want to get to the markets because they tank so heavily today in the markets just closed down two point three four percent that's down five hundred seventy two points to twenty three nine thirty two daniella nasdaq also down the terror terribly you know it seems to me that this really hit must be related to this trade i don't know if you can call it

a strategy but all these tariffs what's your take on it we haven't spoken about it before. well but mark to your point i'm not so sure that we can actually call it a strategy per se i think the markets were really taken aback i was watching asia open last night when the news came out about further further trade sanctions for their trades to tariffs and it really did take the markets by surprise last night i think investors woke this morning saying wait a minute i thought we just had three days in a row in the market and we were celebrating a lot of the tensions coming off and i think some of his closest and newest advisors were also taken by surprise by the move and so you have to ask yourself if this if these are negotiating tactics that's one thing but it certainly doesn't seem to feel at least like a strategy when the markets are going to react as violently as they have and we've known for some time that the markets are extremely jittery about all of this trade

war rhetoric and today we've seen what happens when when when we get further news from the president and it seems like it is coming directly and individually from the president i don't understand if it's a strategy not what you have larry kudlow saying we may not even do these things the secretary new should saying don't worry about these these drops so i get concerned we've only got about thirty seconds left danielle what's your take on the president's hitting on amazon and their stock has taken a tumble and he's tweeting and going after them all the time. again it's a question of how he's going about doing it bart it's not so much that amazon might wield too much power over the us consumer and probably has more information on us than we would be comfortable with and that that might need to be governed to a certain extent but again it's the way that he's going about it that is so very

unsettling when there are much more traditional means much more traditional conduits for him to pursue and yet he's not doing that so it's again these are things that rattle the markets they unsettle and basters and rightly so daniel de martino both founder of money strong and author of fed up thank you as always for your time have a great weekend thank you likewise. with more and more people entering the working force every day many of them are struggling to find affordable housing it has come at a big issue for some of the america's biggest cities for a deeper dive into these issues let's hand it over to our g correspondent trinity charges in new york. spring has sprung and while this is the time of year considered to be home buying things then buyers are faced with a dilemma the problem being is that there is a lack of homes for sale in the market now many are wondering if we are facing

a new housing crisis according to a recent report by the wall street journal a decade after an epic construction binge fewer homes are being built per household than almost ever before in fact it is near its lowest level in sixty years despite a fairly strong economy growing desire to start buying homes home construction seems to be at a screeching halt and the record low housing supplies are driving up prices and curbing sales especially for millennial looking to buy a starter home thank you for the mortgage rates have gone sky high the market is really in turmoil and. want some of. the clients that i have. you know the saying be afraid be very afraid they afraid of variety of factors are contributing to the slump including strict housing regulations a land shortage and a lack of construction workers industry experts say that the demand is outpacing

the supply in places across the country ranging from san francisco to new york to grand rapids michigan and according to data solutions home sales have also dipped in other areas like hartford connecticut toledo ohio and baton rouge louisiana according to the national association of realtors the total in the tory of homes that reached its lowest recorded level at one point four million during the fourth quarter of two thousand and seventeen the national association of home builders predict that workers will start working on less than nine hundred thousand homes in two thousand and eighteen they have not been built because you have to close money contractors and developers once they started building everything at one time remember the market the market crashed so. you have someone that built one hundred fifty. one hundred fifty complex of condos only forty percent was being sold so guess what they had to do the prices went down they

lost money they had to go in foreclosure so that's what they're thinking it's going to happen again the lack of him and tory is causing prices to rise much faster than income growth and inflation and it has barked bidding wars across the country as well so a lot of people are losing money developers to maybe they are just holding on to be safe because if we build it can we sell it and that's what they're going through so to me it's not even the buyers it's the buyers and the developers because everything has stopped and the city's residential sector saw about eleven billion dollars in development for two thousand and seventeen down a whopping thirty one percent from its two thousand and sixteen peak of sixteen billion and there have been few indications of improvement according to the u.s. consensus data construction is still lower than its historical averages. and the number of construction workers in the country have dropped from ten point six

million in two thousand and ten to ten point five million in two thousand and sixteen while existing homeowners are staying put for the most part experts say that if you're thinking about selling the sooner the better reporting in new york one of the charges are to. time now for a quick break but hang here because when we return the intrepid always interesting military and helps us to look at the brazilian economy as a former president prepares for president and sports economist victor matheson helpless look at the interesting economics of golf as the masters one of the four major golf tournament speech here takes place last thursday the world robots in an arms race i'll explain as we go to break here are those pretty sad numbers at the closing bell stocks across the board. well on the trade today's trade will be right back.

a plate for many clubs over the years so i know the game inside guides. football isn't only about what happens on the pitch to the final school it's about the passion from the fans it's the age of the super money just kill the narrowness and spending two hundred twenty million and one player. it's an experience like nothing else not to because i want to share what i think of what i know about the beautiful guy a great so one more chance with. the base it's minute.

the trumpet ministration has announced new sanctions against russian individual companies and government officials the measure freezes assets of seven wealthy russians and seventeen government officials cited by name as well as a dozen companies said to be linked to them many were associated with state owned firm gazprom and the energy sector in general. and in related news i b s the russian information technology services company is seeking to raise more than one hundred million dollars in an initial public offering the i.p.o. will be viewed in light of deteriorating relations between russia and the west and will test if there is still an investment appetite for russian companies from other investors around the world the i.p.o. listing will be managed by city renaissance capital and so capital t m t m k the russian's largest oil and gas pipeline manufacturer decided not to go forward with

their own six hundred fifty million dollar i.p.o. of the united states counterpart in february do they say to market volatility. and making good on a campaign promise french president emmanuel mccrone the government has proposed a plan to reshape parliament and reduce the number of legislative seats by thirty percent from five hundred seventy seven to four o four in the national assembly that's the lower house and from three hundred forty eight to two hundred forty three in the senate the effort is touted as a way to expedite legislation although some detractors question how democracy is improved with less representation. and on bag insurance group a large chinese conglomerate will receive a nearly ten billion dollar bailout the company whose previous chairman was on trial in recent days related to fraud charges came under government control in late february what remains on so. the move is touted by chinese regulators it's a temporary fix with the ultimate goal of returning on bank into private hands with

new longer term investors. and as the brazilian economy remains on a rough rollercoaster ride the former president is headed to prison here to help us out and understand what's going on is our correspondent in manila this is a crazy circumstance we've been hearing about explain it for for of years and free well i'll try so as you know the ongoing political turmoil in brazil is tanking their economy apart yesterday brazil's top court ruled that the country's favorite politician ex-president luis inacio lula da silva more commonly simply known as lula can in fact be sent to prison while continuing to appeal his corruption conviction and in spite of this lula contend that he will seek another term in office and run his candidacy from prison believe it or not what's he going to prison for you ask investigators say he was the ringleader of brazil's biggest corruption ring that led to the collapse of giant corporations that resulted in the

tanking of their economy and tens of billions of dollars in government debt and his supporters which amount to more than one third of the country which is more than two hundred million people will say this was a political hit job and a little out was the head of the socialist workers party who was in power for about thirteen years they were credited with putting brazil on the world stage over the past decade securing things like the twenty fourteen world cup and then twenty sixteen olympics but even still despite list popularity you can see here what their g.d.p. looked like from twenty thirteen to twenty seventeen quite volatile movement into a steep recession in the midst of the political turmoil in twenty sixteen around the time when lula was removed from office and then his successor dilma rousseff faced her own corruption scandal now take a look at the country's national debt in relation to their g.d.p. starting in two thousand and eleven with projections all the way. into about two thousand and twenty two brazil's debt hovered at over sixty percent of g.d.p.

in two thousand and eleven and has seen a frightening steady rise now getting close to about ninety percent of g.d.p. here and twenty eighteen now lula's worker party fought really hard to build quickly build a previously not exist at middle class in brazil which they successfully did but they did so on the wings of debt that are now soaring in twenty sixteen brazil spent sixteen percent of their their budget on interest only payments for government debts that are privately held by investors and business tycoons they spent more on interest than they spent on education for the country which was twelve percent and health care which was on par with education their only their interest only payments were actually only beaten out by social benefits like pensions that arrived at a whopping thirty five percent so to put it lightly we're just beginning to see the political unrest that's for them in extra complete tied to their economy so i think we're going to see a lot more fallout as as i think what i'm hearing the buzz is that the government

is going to reform possibly their constitution a lot of unrest and a lot of changes that will see in their economy the numbers that you cite and thank you for all that but no i mean it's unsustainable that they could get close to ninety percent of their g.d.p. it's not very good but one of the things that you said there you know i had heard it before but i'm curious if it can really happen is that look could actually run for president again from prison can he do that if that is a wacky concept i know here in the states where you're automatically ruled out if you're being if you're indicted and and obviously for him he's been convicted in brazil this is also unprecedented now the judges now say that he is barred from doing so but his lawyers are trying to file hippias corpus and they're trying to they're trying to still extricate him from the situation. and they still don't actually know if that is legal so we still don't know either so we

have to wait and see and see how their their government pans this out and see if the language in there actually allows it for forbid that right now that can air and they also have i know in brazil more of an inquisition judicial style rather than our former judiciary so that the people who actually investigate are also the people who judge i wouldn't feel so calm about that market correspondent manila chan thank you so much for being here excellent reporting always a pleasure pre-shared it. the masters golf tournament started on thursday and runs through sunday in atlanta georgia the masters is one of the four major golf championships each year but professional golfers play on the various professional golf association tours in the u.s. europe and other places around the world and the sport is surrounded by big business and here to discuss the professor and sports economist victor matheson of the

college of the holy cross to explain the high stakes for businesses related to golf victor thank you again for being with us business sponsors most of these weekly golf tournaments who are they and how much are they spending to do so well there's a huge number of sponsors across the course of the year the masters which is going on this weekend it's actually extremely secretive and extremely exclusive about who they allow to sponsor their about there's actually only five total sponsors in the entire masters this this year kluge folks like rolex it includes i.b.m. just a just a small handful of companies and then what about the other the tournaments throughout the rest of the year is that pretty much the usual suspects as they say from casa blanca the big companies fortune five hundred companies would that be the good guess. sure so why any particular any particular term and can have any sponsor

they want you might have sponsors in particular tournaments that have some sort of local connection so you could imagine for example if a tour event comes up to minnesota that maybe some of the big companies up there are a a honeywell or a three m. might be sponsors of those while when tournaments move elsewhere around the country you get other local sponsors to fill in along with the big national sponsors that are there year after year and are they doing this primarily victor for advertising when television is there and they see that they see their name and logo in the background and then they also are connected i suppose with with charities because a lot of these tournaments raise money for various charities right right so obviously the big think about here is making money for the p.g.a. and for the players in the sponsors there is some charity that goes on that's probably an afterthought but what really goes on here is you have you have sponsors that want to be associated with golf golf is true traditionally thought of as

a country club sport they're trying to find upper income upper scale. clients here and of course it's no no surprise that again rolex is one of the big five sponsors here at the masters which is considered maybe the most prestigious of all the golf tournaments in the world and how about victor how about the actual sponsoring by businesses of the golfers themselves you know how much do does a company spend to have somebody have a logo on their cap or on their bag or on on their their shirt i imagine is a big difference between somebody. like filmic and mickelson and a lower level player. right so definitely that's where the big money is for the players obviously you can the person who wins the masters here is going to walk away with a nice two million dollar check this year but that's actually not where the big money is if we look at a guy like tiger woods who spent almost the entire season in one nine hundred

ninety seven excuse me two thousand and seventeen off the course he made only one hundred thousand dollars in prize winnings last year but he still made thirty seven million dollars in sponsorships from a whole variety of different sponsors so that's where the real money is under woods over the course of his his career has made almost a billion and a half dollars in sponsorship holy cow what he's doing pretty well just a couple of strokes off the lead if he comes back yes and one in a long time but he's done well in the last couple weeks could that really help golf and therefore the business of golf victor yeah for sure so there really is this time period of golf that we call the tiger era it started in one nine hundred ninety seven twenty years ago when tiger burst onto the scene at the masters won the masters in a record fashion destroyed the field still set the lowest scoring record ever and the biggest winning margin ever and in the process generated

a huge television ratings forty four million people turned in to watch tiger win in one thousand nine hundred seven still to this day the biggest number of people ever to watch a golf tournament the united states without a tiger at the masters though it's not as exciting as a sport and last year only about eleven million people tuned in well we'll see what happens this weekend for those of us watching because we say it's also big business victor matheson from the college of the holy cross thanks always for your time victor appreciate it well thank you for having me. and before we go you may be interested to learn that a group of experts an artificial intelligence or a i am robotics are warning against the creation of real life terminators sixty experts from thirty different countries wrote an open letter to the president of south korean university to oppose the creation of a research center to develop military applications for ai like robo soldiers the

concerned researchers say they will boycott the university until its president vows not to develop autonomous weapons lacking meaningful human control in other words killer robots fortunately as philosopher sarah connor famously said the future is not set there's no fate but what we make for ourselves that's all for now thanks for watching be sure to catch boom bust on you tube at youtube dot com slash boom bust r.t. until next time austin live east baby. then what i recommend that you will go back to what. are yours before you out of. bed in the mountains and went to bed and i didn't if it was but the good news it

was so. i'm still going on to his house. on a question see. if it were done or done that you please come up with a good. enough to tell i move in them have the best damn eminem because i'm. not as rude to him but oh november if i say i have them there is no point in about none of it but i have the only thing it is about. the tech sector that's leading this rally we've seen for the past five or six years requires a logistics on a global basis to work in perfect sync so if there's going to be a fallout if some countries are going to go to war with each other but are going to

trade wars which can be cyber wars that means that platforms that require presidents thinking fall out and drop out and crashing in different areas so their revenues have got to suffer as a result. and there are some boys so much that all of them mama. i don't want the little. bit of . the old you live the fifty you took i'm not critical of what it will be chilcote you know. he was aloof. to him you know and you come with that he's going to get so for us to do that that's the question is for us for you yes to chest. here for everyone that

is for you. the scriptural saga is far from over but after eighteen the e.u. countries send russian diplomats home it's already taken its toll on russia's relations with europe can this rush to judgment fav the way for a little nation policy in the future. fracking gave americans a lot of new job opportunities i needed to come up here to make some money i could make twenty five thousand dollars as a teacher or i could make fifty thousand dollars a year with trucks so i chose to drive truck people rush to

a small town in north dakota was an unemployment rate of zero percent like the gold rush is very very similar to a gold rush but this beautiful story ended with pollution and devastation a lot of people have left here i don't know too many people here in the slowdown so much the lost of jobs that laid off the american dream is changing that's not what it used to be. it's a tough reality to deal with. that

. israel deploys tanks and snipers to the gaza border where it's thought at least age palestinians have been. all in an occupation protest. you say don't just say russian former spy said guys couldn't fall is no longer in critical condition after last month's poisoning in song as great as the british media continues to speculate where the nerve agent was produced. and former us intelligence officers back we can expand and julian assange shoes being forced off line by the ecuadorian embassy in london over comments about consular nia. dorrian government give julian a son not just citizenship but an ecuadorian.