twenty thirteen with tide induced events soaring more than four hundred percent so the impact on homeowners is already real and some studies making grim predictions of up to five feet of sea level rise by the end of the century others suggesting the up to twenty three billion dollars of existing property state wide could be underwater by twenty fifty with these predictions in mind the city of miami beach has embarked on an ambitious and expensive defensive program that includes elevating roads and installing powerful new pumps the city has also raised the minimum heights of newly constructed homes to one foot above base flood elevation experts underline the importance of these infrastructure plans in order to combat sea level rise the city of miami beach has set aside four hundred million dollars to put in pumps and other flood control infrastructure that will help deal with the

sunny day flooding that they're experiencing and they have been really proactive the city leaders have been incredibly proactive in not denying. ignoring it but facing it and taking real steps in real time to deal with it we're not seeing really the same amount of political will at the state or federal levels private developers are also taking precautions a good example of this is a recent condo project in the coastal neighborhood of coconut grove where the builder added a seventeen acre park to better absorb water from flooding in all south florida's coastal communities will be reshaped both physically and economically by climate change and it is very possible that in the near future the hottest properties on the market will be located in dried neighborhoods rather than close to the big. donovan. miami. and turning from climate news to oil there is

a link there the big player saudi arabia is now reportedly focusing on plans to try and increase oil prices to above eighty dollars per barrel the defacto saudi ruler crown prince m.b.'s mohamed bin solomon is reportedly committed to the policy which is a break with past efforts to hold down prices in exchange for u.s. arms and diplomatic support saudi rulers have imposed austerity budgets in recent years as the price of oil has been relatively low allowing the price to bounce back gives the crown prince a little more wealth to share among the population as he tries to restructure the saudi economy. time now for a very brief break when we return r t correspondent alex heil of it will tell us why nestle is the food and candy company is paying billions of dollars to starbucks plus a car coach lauren fix is fact and we discussed tesla's terrible troubles plus the

car coach has an additional title as of a few hours ago i'll explain as we go to break here are the numbers at the closing bell another green arrow for oil today at sixty nine dollars not the eighty dollars that the saudis want will be right that. will go up twenty eighteen coverage we've signed one of the greatest goalkeepers available to us but there was one little question and by the way who's going to be our coach. guys i know you on the us he's a huge star among us and the huge amount of pressure you have to the center of the chapelle here with you and the great game the great game you are the rock at the back nobody gets past you we need you to get down going let's go.

it's just a low. and i'm really happy to join the to for the two thousand and three in the world cup in russia meet the special one i was out there. needs to just read the review the aussie team's latest edition to make up a bigger certainly better jersey look. what politicians do something. they put themselves on the line to get accepted or rejected. so when you want to be president. somehow wanted. to go right to the press it's like the before three in the morning can't be good. i'm interested always in the waters in the how. question.

welcome back we've been covering the story of how regulators have been starting to get a grip on regulating crypto currency is or at least seriously considering the questions raised by the sector's explosive growth but now some big names in silicon valley investing are lining up to stop the u.s. securities and exchange commission the f.c.c. from an acting a regulation that the firm say could hold back the development of block chain technology that is the superstructure of most crypto currencies delegations from andresen horwitz union square ventures and the national venture capital association among other stakeholder holders reportedly met with f.c.c. officials at the ses division of corporate finance to argue against

a policy proposal to treat crypto currencies created by startups as securities that designation as a security would bring extensive oversight to such tokens as i spoke about on the program last week with attorney gary de wall the case law surrounding the definition of what a security is is crystal clear that kryptos are in fact securities under what is called the how we test nestle the food and candy company is paying starbucks over seven billion dollars why to be able to sell starbucks brand coffee products the often controversial swiss space food giant hopes to boost its global coffee business through the deal while starbucks is also in to supporting a jolt to its business artie's alex mccullough bitch is following the story in toronto alex thanks for being with us so what does this mean for nestle's and starbucks. well up for nestle's is a big deals the third biggest transaction in their one hundred fifty two year history so this means big business seven point one five billion dollars worth of

investment to buy a part of starbucks is business so this is not like they're taking over starbucks far from it actually what they're doing is that they're getting distribution rights to starbucks proper products and also they will be manufacturing some of the stuff but it's everything from bad coffee to the capsules you know the ones you put in those little machines that's really a part of the business that nestle is looking at so it's a huge business obviously and what they're doing at the marketing aspect of this is kind of brilliant starbucks has a very very strong name arguably is the biggest name in coffee in the world so nestle is using this to their advantage as well as the twenty eight thousand starbucks stores around the world that those starbucks cafes that we're talking about they're not going to be bought by nestle that still just starbucks has nothing to do with it but it's a great marketing vehicle so when you have the bricks and mortar operations all over the world it's a great thing just to have that name out there and of course the products are sold more easily with a advertise in such a great way beyond that you have to look at the fact that it's nestle right now

this is a great little graph to show you what nestle is fighting about for the nestle believe it or not is the biggest when it comes to coffee so the biggest player in retail coffee hold about twenty two point seven percent of the market share but it's their sales have been weak and their specially been struggling in the u.s. and starbucks is a mega power in the u.s. so for nestle this is a big deal moving forward for starbucks seven point one five billion dollars that's huge for them the company is worth forty four billion dollars but on top of that they will be also be getting royalties from nestle once these products go to into nestle's hands or start getting this massive distribution around the world. alex according to kevin johnson the starbucks c.e.o. he says it is going to bring a starbucks experience to millions more around the world with the reputation or reach of nestle's curious what you think of that statement and i'm curious whether or not we're going to have nestle's crunch coffee coming to us in the near future

interestingly enough lesley's won't even be showing up on the labels of any of these starbucks products because nestle's know this whole great reputation that they have well you know maybe among business it is but not amongst people or scandal after scandal you remember the ninety's the baby formula palm oil rig attendees dying in indonesia because of nestle water that's the big one the huge water being basically sold taken from ontario here in canada british columbia from michigan from arizona tons of water being taken for pennies a bottle the plastic bottles that are in and now these capsules these capsules are biodegradable either so another environmental. disaster put a problem on their hands maybe starbucks will be able to turn them around r.t. correspondent thank you as always alex. thank you. yes the automaker has a new policy as of today dealing with contractors c.e.o.

in law and must said that he has been disappointed to discover how many contractor companies are interwoven throughout tesla contractors must now make a new effort to demonstrate their worth to tesla and have tesla employees a vouch for the contractor mr musk has even gone as far as denying access to the facilities to contractors hundreds of contractors work at tesla's fremont california plant alongside roughly ten thousand tesla workers the new policy walsall impact other facilities of tesla for more on tesla and other auto news we're joined by lauren fix who congratulations are in order because the car coach lauren is the newly elected president of the north american car truck and utility of the year or ward's association congratulations lauren thank you so much i'm very honored and the sixteen jurors of all forms of media we have make good choices so that you could make a choice what does it do tell us a little bit about it it's

a manual war and i assume it's an annual award held at the detroit auto show or the north american international auto show you choose the best car utility and truck of the year based on a lot of different factors including cost last year's winner was the hind quarter the full acces sixty and the lincoln navigator and they have to be ahead in technology and safety and price and really be good vehicles for consumers so there's no bio remorse and because we're so diverse of all ages and different types of outlets you get a really good choice in the end and you get to drive all these new cars oh yes i drive three cars a week you and then we also go out to drive events all over the globe well that sounds like a good gig congratulations i told mr to hear terms so we look forward to. talking with you more about it so on to tousle after last week's earnings call reporting that the first quarter earnings or lack there of tesla stock dropped five percent and it came back a little bit on friday but it raises some serious questions and you've been sort of

a skeptic of tesla since the time we've been speaking but is wall street beginning to see some of the things the way you've been seeing them lauren. definitely during earnings call last literally just said that their questions were boring when analysts were asking serious questions because investors want to know where is the company going are you now using deposits and calling them income which he wasn't doing that before and that included for people who are purchasing service plans in advance so a lot of this stuff is changing the way he does his accounting which is not the generally accepted accounting principles known as g eight p. or gap so because of that they got questions but when he said they were boring and basically hung up on them in order to get it basically a blogger who was a big fan of the law and lost that's true a lot of red flags and that really cost him in the stock market they say he lost about a billion dollars in value but you remember in line it says in the past it's in the past that the company is only as good as its leader and he even reference. that

area a one to three investor in the past they failed because the leader was unable to keep and less happy so i think he may have stuck his foot in his mouth on that one sounds like it they spent it said in the end their q one four hundred million and that doesn't even include the cost of a quip which is more than sixty five million dollars plus the company has a debt due of one point three billion dollars so they're going to read the need to raise some more cash right. well he says he's not going to raise cast cash i don't know how he's going to do it i mean they've got huge shutdowns on the production floor they get the u.a.w. literally camped out across the street from the factory they're trying to get people to say they want the union in there if the union goes and has a cost per car is going to really increase dramatically which means a larger loss and he's already taking any car if it wasn't for his death credits and the carbon credits that he sells to other car manufacturers that are required

to meet a certain standard or lot of credits he wouldn't have anything but if he fails and for some reason tesla does go bankrupt that will put such a black eye on south credits it could change the whole a layout of what we're buying and cars in general will that impact hybrids will that impact the infrastructure they're trying to build because consumers are only buying these vehicles because they're getting the state and federal tax credits if they both go away for whatever reason that could be even a bigger black eye for that portion of the industry and finally you know this year is the fiftieth anniversary of the love bug one nine hundred sixty eight film using that iconic sixty three v.w. beetle named herbie with that number fifty three on the door of the original film was followed by four additional movies including the two thousand and five reboot with lindsey lowe and my question is you know you've just seen a lot of these beatle fans all around and other folks car enthusiastic your travels right. absolutely there is even people that are total collectors of the twenty one window micro boston were those the oh absolutely they were very big in the sixty's

yeah i mean i'm a mustang fan i mean my daughter shelby we collect old ford mustangs i have friends that are corvette crazy porsche friends no matter what the brain does even the pontiac aztek you'd be surprised there are people that like that car but you know i think that's the whole thing it's a passion a story that we all have for cars that we remember when we were in high school and those are the cars we lust after and car enthusiasts are everywhere i did a long drive this past weekend lauren i got to me and there are miata fan called out there too and i had people going by and giving me i guess there's a miata sign i don't i don't know what people were waving in sort of a weird way to me so i just waved right back and smiled anyway we're pleased they are with us lauren not just the car coach lauren fix but now the president the newly elected hours ago president of north american car utility truck of the year awards lauren thank you for your time thank you bart. and before we go and speaking

of beatles the fifth beatle spelled differently the late sir george martin is in the news according to a stew but the recording studio rather of the late recording producer is being put up for sale sir george was given the informal fifth beatle title by many including sir paul mccartney due to the producer's important influence on the beatles the studio has been use recently for movies such as dunkirk phantom thread and interstellar the studio is still used by mr mccartney and bands such as muse and coldplay they are sale which will be conducted by bridge capital will include the more than four million dollars worth of recording equipment and expected to drop many wealthy potential purchases for the already profitable studio and that's all for now thanks for watching be sure to catch boom bust on you tube you tube dot com slash boom bust r t one catch a next time. thank

. you.

thank you. highlands was a political. industry he said standing stock poor. because of that i would like. to be on the wall street so please talk to me it was a little while ago startled us out of the i'm going to simply build it i'll go let's see. you

it was for you at all for you up close to strike a very pleased with all the world you know they go for opening for our golf on you so. let's follow. the call course. that was double to the target. so i didn't g.c. so you could fall in the routine. before you can become a scene. in time so that the.

sooner than expected donald trump promises he'll announce his decision on the iran nuclear deal on tuesday days earlier than planned it comes right as britain's foreign secretary is in washington attempting to save the agreement. lot of your. rudin is officially sworn in as russian president and waste no time making key cabinet decisions for his fourth term plus. the. only one times for me to be killed hundreds of interpreters who worked with the british army in afghanistan face deportation from the u.k. even though they were promised asylum by london.

a warm welcome to the program from all of us here at r t h q thanks for tuning in this hour. donald trump's decision on the iran's nuclear deal is set to be announced earlier than expected the u.s. president has tweeted hill reveal all at two pm on tuesday washington time this sudden declaration comes on the same day the british foreign secretary has been in the u.s. capitol trying to persuade the president's team to stick to the deal now boris johnson didn't get a chance to speak to the president himself so he decided to deliver his thoughts via television johnson gave an interview to fox and friends branded by the media as terms favorite show. the president has been right to call attention to it but you couldn't do that without just throwing the baby out with the bath water without scrapping the whole thing because if you do that you have to answer the question what next well the possibility of trump pulling out of the iran deal has sent the

entire international community into a frenzy at the foreign secretaries first stop in d.c. with fox and friends he decided to deliver his message via trump's favorite t.v. show boris johnson has already met with secretary pompei and he even tweeted quote honor to be the first foreign minister to visit secretary pompei in washington he's not the first european official that's tried to warn the u.s. against leaving the deal president mccrone and chancellor merkel even visited washington d.c. to discuss the matter but they were unable to convince trump otherwise he isn't them we believe it's better to have this agreement even if it's not perfect and you have no agreement. the iran the you know it is not sufficient to see that iran's ambitions are curbed and contained it is most important to recognize is that iran through its ballistic missile program is trying to exert geo political influence in syria and lebanon. the solid robust verifiable

agreed that guarantees that iran will not nuclear weapons to denounce it without proposing anything else would be a serious mistake not respecting it would be irresponsible. and you know we should acknowledge that the current agreements doesn't allow us to address all of the issues among the things not covered by the iran nuclear deal is iran's activity in the region of the u.s. is divided along partisan lines and it's mostly democrats who want to uphold what's widely regarded as obama's only foreign policy achievement according to many pundits on t.v. here but believe it or not the republican chair of the house armed services committee advised against leaving the deal chuck. what he had to say i'm not necessarily opposed to sticking with this deal forever but you need to have a clearer idea of about next steps if we are going to pull out so it looks like there's both a domestic and international effort to convince trump against killing the deal

trump will be and now seeing his decision at two pm from the white house tomorrow so we'll just have to wait and see what happens political analysts should be or how solemnly sees a connection between trump's rush to announce his decision and the growing strength of the iranian backed group hezbollah who want to majority in the lebanese parliamentary election last sunday the timing of terms tweeze is very interesting because he made this tweet almost immediately after the state house and the sort of finish his speech about the lebanese elections this deal was going to die was there ever in favor of it and with the deal did there's going to be a lot more woman during you'll have accusations w m d's like we had in two thousand and two two thousand and three in the run up to iraq and that other ill advised war in the region they will attempt to do iran is not like iraq or afghanistan iran is something else it's a different equation and so it would be stupid to start another war. but i'm here putin has been officially sworn in as russian president almost two

months after he won the election. it's been sixty years since the last ceremony and the passage of time can even be seen in the number of smartphones in the audience attempting to capture the event down of reports from the kremlin on what else was different this time around. lattimer putin who is known to be sometimes fashionably sometimes not so fashionably late well this time he was right on time with work like a swiss clock i should say and really this ceremony had a very fresh spirit compared to the previous ones for instance the city center of

moscow was not blocked off for traffic but instead lattimer putin got a call in his office and then we saw him walk all the way to the east and to this palace now he also rode for briefly with his motorcade and for the first time apparently he preferred to his usual mercedes benz limousine and a new one russian made cortege which literally translates as a motorcade it is a new vehicle designed specifically for the russian president it is in its main feature is how well protected it is it is rumored that it can basically withstand being hit by mortar rounds so this is what we know so apparently it was probably the first time that he actually rode that vehicle now he got in here he walked through these magnificent kremlin walls kremlin palace walls set an old and then he

delivered a speech and basically the first thing that we gathered from that speech is that he does not expect this presidency to be easy we have to keep up with the global changes to create an agenda of groundbreaking development so that no obstacles to circumstances can prevent us from determining our future by ourselves from realizing our most ambitious plans with dreams so. well also vladimir putin made a very big emphasis on his on the responsibility he says he's feeling in front of all the people of russia he focused much more on the internal the domestic policies of russia on the domestic affairs in his speech rather than on foreign policy. for instance he tried his speech to try to be very unifying you tried you made of visual a very vivid effort of trying to unite the nation in these in these times.

we need breakthroughs in all spheres of life i strongly believe that only a free modern society that is ready for change and innovation that rejects injustice extreme conservatism and excess bureaucracy only such a society can achieve this kind of progress i believe that the main basis for the development of our country is the unity of the free responsible civil society and a democratic government. after delivering that speech vladimir putin was pretty much on his way and the russian government has already disbanded itself it has already we signed which is a normal of course procedure in this situation so the next thing the next big sensations that we could expect is from vladimir putin's new appointments as to the key positions the key ministerial positions also many of them remain remain uncertain so this is definitely something to look forward to after the third

morning the president immediately got to work and signed a decree outlining a plan for the country's next six years under his administration he also announced incumbent prime minister and former president dmitry medvedev as this pick for the leading position in the new government. dimitri medvedev in britain they made putin's long time sidekick russia's prime minister since twenty one and arguably the most tech savvy official in russia. he's also a big fan of rocky's live. live. live like a solo was eliminated let's. listen. is a quick sign of how we got to be in this country second to get mom in. law teacher

and legal consultant to the mayor some teachers but the one thousand nine hundred seventy s. is the end of an election she's the future this campaign season winds and yet that it becomes just she's a star a couple of years later right see thousand employees she's the first deputy prime minister then in two thousand acres and with a new russian president yes demetrius so what was his town like boswell modernization pushing the reset button relations. military conflict five days south said he was triggered by georgia. but. i think finishing the presidency effective switch was about to tell a war with us live libya play distance and weathering russia's economic storm in the face of sanctions tumbling oil prices raising the nation's salaries and benefits unless it's not a good mind to be sold on shallow limitless.