it's also planes airplanes it's also the hotels you've got dialer german company which plan to sell forty thousand cars a year in iran that's going to go by the wayside volkswagen on the gas side you have the french company total and g.e.'s all yelling gas as well you have british airways aloof tons of which are going to suffer and hotel chains from france and from spain also we're going to feel the pinch big time steve we appreciate you looking into this and sharing with us our viewers thank you so much steve malzberg host of the steve malzberg show thanks for joining us and you are my pleasure. and following the announcement we've been speaking about at least one sector was thrilled to see it go through can you guess right the defense sector yesterday following president trump's announcement making it official stock for the defense industry shot through the roof here to tell us the latest on the moves is already correspondent dan cohen didn't think so but we talked about boeing just

a little bit there you can give us a little bit more but what about the other defense stocks they they love this right at first they love them some conflict oh definitely it's you know good for business i guess as they say i mean i think for a lot of the country it was business as usual yesterday but for the top defense industries there you know as you said their stocks really shot through the roof right at about two pm eastern time here in washington d.c. when president trump announced that the u.s. is withdrawing from the jay c.p.o. way those stocks went way up lockheed martin went up two points raytheon went up two and a half points raytheon of course makes the tomahawk missiles which in the last few months we've been dropping on syria rather frequently systems northrop grumman stock go up actually even boeing which which lost money on this their c.e.o. said they're ok with it. they could make some money considering they make the most of the mother of all bomb. the largest non nuclear bomb in the us is arsenal which

we dropped in afghanistan and april twenty seventh teen i think what's really interesting is that this is in sharp contrast to the korea peace talks that have actually we've seen we've seen the opposite happen where the stocks of the defense is already out in the stock is going down back in a second this is bad for these businesses exactly where you know it's interesting because there's often a media market move based upon the news and there are people high frequency traders and others who get in and try to grab that arbitrage but you know i was looking at some of the stock just before we went to air and boeing actually did probably because of what you said what steve was talking about ended up just a little bit today or at least be right there when we went to air at three forty four lockheed martin down just a little bit to three twenty five and raytheon down just a little bit so these markets are a mystery which is why people make money in them than call and thank you so much sure appreciate it. and we're going to squeeze in

a quick break and when we return we'll be joined by fred hoffman author of bet the farm. being food to discuss the big business of plant gene splicing and how the u.s. may lose the global leadership role in this business as we go to break here are the numbers at the closing bell. across europe municipalities are taking their water supply back from private

companies. elsewhere they can find private companies to take over the utilities anybody tell us throw. them out. or you. locals are ready to stand up for the basic human right of access to water it's about water. it's about her and the redistribution. downwards do you want to. get it. i would say i'm not american but americans really. world war two cures the depression cars. so. prosperity or course i'm sure.

it wasn't for us the whole world would it would add a. historical rewrite ever since world war two to foment the cold war against russia against communism and. socialists mishmosh to the soviets all american hero goes to strike with a very good calls and go. well i think world war two has been distorted incredibly by the anglo-american media and that's because they wanted to manage the role of russia. and stalin who actually defeated hitler.

welcome back argentinians are reacting with shock and dismay to news that the country's president has asked the international monetary fund for a loan reportedly in the range of thirty billion dollars for many in argentina the i.m.f. is synonymous with crisis and disaster after i.m.f. policy drove the country's economy to collapse in two thousand and one the backlash to the i.m.f. role in argentina's collapse led to the election of the late leftist nestor christian or as president christian or reversed i.m.f. imposed policies and effectively severed ties in two thousand and six president reso my career who was the first president to be elected from the right since the collapse told the nation in a somber address that i.m.f. help was needed to quote of void a crisis like the ones we have seen before the details of exactly what kind. of

relief machree is seeking and what conditions he will accept or the i.m.f. will demand remain unclear i.m.f. managing director christine lagarde said discussions will be pursued in short order . a simmering controversy over workplace harassment and discrimination at nike is resulting in a exodus of leadership nike has confirmed the departure of five more senior managers bringing the total number who have left the corporation to eleven nike's president as well as the top executive for diversity issues were among those who previously departed nike c.e.o. mark parker addressed workers last week delivering an apology and a promise that the injury to him to discuss the inquiry rather into discrimination and harassment would be completed this week back in march or a group of female nike employees presented the results of an informal survey on discrimination harassment to nike management nike's president left the company ten

days later. and in other corporate personnel news facebook has restructured itself into three new divisions and rearranged its leadership team the changes have been pitched as routine regrouping after a period of growth but in reality it seems to be brought on about by bike facebook's recent troubles with privacy and politics after the cambridge analytic a controversy now facebook will have a team focus on products one on emerging technologies and the third to deal with growth privacy and advertising the social media site also announced that jeffrey zients a former member of the u.s. u.s. president barack obama's national economic council will join the board of directors . turning to india prime minister narendra modi's government has seen millions of people actually register to pay taxes for the first time more than ten million people filed income tax returns from november twenty sixth in june of them or of

twenty seventeen that's up from the six million filed income tax returns from proceeding six years the sudden increase in income tax filers has actually given the country a stable tax base which means they'll be able to fund india's public services india's chief economic adviser said that the new tax payers will boost india's tax to g.d.p. ratio by one point five percent at roughly seventeen percent india's tax to g.d.p. ratio currently is the lowest among the so-called brics nations that's brazil russia india china and south africa. if you're trying to count calories and live in the united states you'll have some health from now on the rule requiring that calorie counts be listed on menus took effect this week the rule announced by the food and drug administration administrator scott goblet was eight years in the making and was mandated by the affordable care act obamacare the implementation of the rule also is a rare example of an initiative that began under president obama but was

implemented under the trumpet ministration many fast food companies including domino's pizza had claim that labeling would be just too tough and difficult or expensive but ultimately they lost the political argument some consultants say the rule could even help fast food chains with brand consistency across states as the nutritional content of various items will have to be reliably in line with the information on the menu. as the u.s. threatens tariffs around the globe on products like steel china is ready to respond with tariffs of their own beijing has released a list detailing more than fifty billion dollars worth of u.s. goods to be hit with a twenty five percent tariff including soybeans u.s. soybean sales show. noticeable losses and less than a month date at the beginning of april showed more than two hundred fifty five thousand metric tons of beans being shipped fast forward to the week of the twenty six last week of april and that number dropped to just under eight thousand because along shipping cycles u.s.

soybeans currently en route to china could be hit with pending tariffs upon a rival welcome you pay a tariff while china does not import soybeans from what china does important so i mean from other countries the us is still a major supplier with more than thirty five million tons shipped every year to. the wall street journal reports that china is venturing to become the world leader in plant gene splicing an area dominated by u.s. based companies syngenta a g.e. monsanto and others suggested the seek and chemical giant now owned by state owned china national chemical corp is reportedly constructing a laboratory hub to do gene editing research and development the other big names are monsanto and of course dupont dow dupont now the chinese move raises concerns among those in the u.s. who fear that large scale agricultural production could also believed to be from the us to china which has been acquiring massive holdings in water rich central africa and is on the verge of instituting advanced agribusiness if successful

chinese doesn't mystic product production of ag commodities could replace u.s. exports to china in many instances china is the largest export market for u.s. commodities as we spoke about a moment ago including soybeans and here discuss is fred kaufman the author of bet the farm out food stop being food fred thank you for joining us let's get these basics done first we talk about gene splicing and people think it's this futuristic stuff but it's been done for years you know what are genetically modified organisms g m o's and how big a business is g.m.o. patenting do a little explainer for us. well thank you bart i mean you're absolutely right this technology in some way shape or form has been around for a while it's recombinant d.n.a. and the idea is you if you can move and shift the d.n.a. of some sort of biologic then you've actually created a new biologic you've created intellectual property and you can patent it i think

maybe the easiest example is is something like insulin which has been around since the one nine hundred seventy s. it is a genetically modified product and with the growth of global obesity it looks as though just the market for that single drug is going to be worth about forty billion dollars a year or so in big pharma in big ag g.m.o. is really bringing and bring in a lot of money so is it is this syngenta deal now that it's owned by state owned china corporation etc is that really going to move a majority share of the work that's been done to business and the related businesses that's been done in the us they're going to shift to china are we still going to have a big piece here in the us well you have to remember a bar at that as you know for the agricultural industry in america is about one hundred fifty years in development so these things do not shift immediately and abruptly but the fact is that the chinese are very focused on long term planning

and there is no doubt that that is what they have in mind that's why they are acquiring such land masses in africa that's why they're getting the water rights that's why they're getting the genetics the d.n.a. they've been purchasing smithfield farms to get the genetics on hogs remember a lot of these g.m.o. these are not for human consumption but for livestock so that is absolutely the long term plan and that's why kemp china bought syngenta the swiss company i want to offer one billion dollars forty three billion dollars on hawgs fred are being they own smithfield build a bunch of hogs here and in canada at least they used to have in canada are they actually doing hard. production over there with smithfield are the re still export ing smithfield. pork to. china. what's happening now is that china is figuring out again the genetics they're figuring out how they're going to implement their livestock production and what they bought from this very old united states connecticut based company what they what they bought

was the genetics now going forward it is their intellectual property it is no longer ours i got it that reminds me of the the super cows in california all the genetic splicing that help those cows produce more milk let's talk a little bit before we go fret about production ag moving to china you know we produce all this stuff we've got a lot of land but they've got a lot of land and if they are developing these really high tech if you will gene splice commodities and livestock do we run the risk in the us of losing out alternately to things being produced whether it's livestock or commodities in china . there there is no doubt that that is where this is heading and that's why the united states really has to gird itself when china when china buys a company like syngenta they're buying the genetics they're buying the seeds but they're also buying the herbicides and the fungicides and all the techniques of

large agribusiness and china has an issue china's problem is water you're absolutely right they got a lot of land they do not have a lot of water but like i say once again the united states is neglecting africa central africa the great lakes of chad a central africa one of the most water rich regions of the earth and both china and india are making massive land and water grabs there the united states again through hubris through overconfidence is being completely left in the dust fred we sure appreciate it i know you noticed we talked about that headline earlier but it's something that you and i have talked about before on the calories being included in the menu items i know you've actually called for that or you talk about fat in your book the book which happens to be bet the farm when for how food stop being food author fred kaufman thank you so much for being with us. thank you by. what phones have changed the way we live and work and most of it most of it is for the better

we are more efficient more effective and smarter because of the devices but we also never seem to get away from them some seem addicted checking phones in secret like closet smokers google officials contend seventy percent of users want a better balance in life that isn't as dependent upon smartphone devices entered the google digital wellbeing app which is a collection of features that will make users more aware of the time they spend with their phone among the features you'll be able to see a summary of your smartphone abis in a periodic hourly daily or weekly report you want to how much time you spend responding to emails done deal with this app use can even set time limits on how long an app can be used only ten minutes more for candy crush are among the tens of thousands of apps this one seems like a winner which just might assist in creating a better life work and technology balance and we need that. thanks for watching i'm sure catch boom bust on you tube youtube dot com slash boom bust archie see you

next to. the new global economic war is unfolding in the realm of education the right to education being supplanted by the right to access educational low high education is becoming just another product that can be pulled from the sold but it's not just about education anymore it's also about running a business where you could also through jacque look good is also the kind of fellow we could meet. want is the place of students in this business model for college i was more now i'm an extremely more higher education the new global economic war. back geysers financial survival guide. housing

bubble. oh you mean there's a downside to artificially low mortgage rates don't get carried away that's cause report. ministries police forces and city administrations of many countries depend on one corporation that doesn't like was hoping the board doesn't want because. this is not the guns. into the sea it's like proprietary software you don't know the source code isn't that it's such a security risk when you have a black box operating the public eye to microsoft dependency puts governments under cyber threat and not only that. easy.

all of. these this is. often started on. your vision starting there was a sting of all the fun is up in these crowds and the fight. israel launches a series of strikes on the iranian targets in syria claiming it's in response to an iranian assault on the golan heights. also to come this hour the u.s. president blames taran for quote bedlam and death in the middle east after announcing washington would renee go on its commitments under iran's nuclear deal. but i think they do understand life if you look at what's happening in the middle east with syria with yemen with all of the places they're involved it's betterment death and the cia veteran is thrown out of the confirmation hearing for donald trump's pick to head the agency amid protests over the nominee's reported

involvement in torture program. welcome she's gone for pm hey remarks go you're watching international sixty rockets were fired by israeli jets in iranian positions in syria with a further ten missiles fired from the ground it is the second such strike by israel in his many days to live it claims it was responding to twenty rockets launched by iran from syrian territory into the golan heights the first rocket attack by the israelis was launched right after donald trump announced his decision to withdraw from iran's nuclear deal which was reached back in twenty fifteen in his latest statement the u.s. president blamed around for quote. and then. how we deal with the rare

probably we want to very well with them but that's ok to. understand. life because i don't think they do understand if you look at what's happening in the middle east with syria with yemen with all of the places they're involved it's bedlam and and we can't allow that to happen another statement from trump and we're in for another treat it's juicy you can't help but savor it let's take it from the top we'll see how we do with the rare probably we want to very well with them but that's ok too of course he probably won't do very well with iran he just we may go on a deal that let the country's economy breathe more freely for the first time in decades and by a chain reaction trump probably won't get along with a bunch of other countries either yes all those nations who decided to stay in the deal reiterating their support for it did trump see this coming the rift with his

own allies probably doesn't matter that much after all the america first mantra got trump elected and if you don't get it you're in for a life lesson they. understand. life because i don't think they do understand like we keep pedia has a whole article on american exceptionalism and this tirade could very well at a section to it we get it mr trump you say understand life we hear understand how america wants it and roll over and play and here's why according to trump everyone should be on board with his iran decision if you look at what's happening in the middle east with syria with yemen with all of the places they're involved it's bedlam and and we can't allow that to happen what a set of arguments apparently it's ok to support saudi arabia and their. wings of yemen a deadly come pain that resulted in the world's worst man made him in

a terran crisis all courtesy of american weapons american logistical support and american intelligence and with syria i must have missed the moment when iran joined the u.s. in sending money and weapons to jihad is saddam groups seeking regime change trump has laid out a list of demands to iran most notably he called on to iran to drop the quote quest to destroy israel an explicit indicator of who trumps trying to court here and this is how we run feels about trump's move. and the american flag isn't the only thing in tatters now so is the iran nuclear deal which has left europe scrambling for response one thing is clear though they

won't be taking a leaf out of donald's art of the deal. ok let's get the thoughts now of political analyst chris bambery he joins us good afternoon she chris just on the point of trump blaming iran for creating havoc in the middle east let's start with that his critics would argue well look you know the u.s. has done pretty much the same. lou u.s. has done the even greater scale of the invasion of iraq in two thousand and three must visit greece's foreign policy mistake in the whole history of the united states that is creating chaos not just in iraq but across the region. as well biased by israel as well the other arbiter of this now i think we have to see that in your package it's actually correct you look at the world today i say from the chaos in afghanistan the potential chaos in in iraq what we have in syria is a cack handed american intervention which is only made things worse in arming

groups which is ended up being to harvest and insert in yemen again as your package said the war humanitarian disaster the world seen in a long time that has been a direct direct result of the saudi attack in yemen aided by the united states and britain so if you want to talk about betterment hail in the region i think we have to point the finger at the united states its key allies britain and france and of course it's other our israel way way way above anyone else and with regards to israel's recent strikes into syria do you see this is a big escalation i mean they're claiming look this is just self-defense on our part it's just retaliating from what came the other way. i think we are in a very dangerous times it reminds me for those who studied history back in one nine hundred fourteen the germans were convinced that the russians are about to overtake them militarily and economically and it was best to go for a war no i think netanyahu is actually thinking much the same the longer the wait

around is going to get stronger so let's go or no and he and trump both seem to have gone for this agenda of what is essentially regime change in iran that is what they seem to want i think what they're doing here is misjudging really the whole recent history of iran we even aside the fact that iran has not gone declared war any country for centuries what is happening here is there is a long history of american intervention which has created resentment in iran backing the shah of iran and its torture. algy on saddam hussein to invade in the one nine hundred eighty s. cause in the longest and bloodiest war in recent history every time the american has intervened with the sanctions for instance prior to when you could deal actually has had their fate of stirring up nationalism in iran and resentment of how they're treated and. critics of the regime in iran actually rallying behind

it over something like the sanctions or the refusal to accept a new quit the nuclear nuclear program so i think they're really underestimating iran but we are living in a very dangerous time and this is a war in syria with the. israelis involved in that we clearly want to take out not just the iranian positions but hizbollah the talk of armed intervention into lebanon once more his love just done very well in the recent elections and i have to add something else that we're seeing here in effect of where alliance between not just the united states and israel but despite the rhetorical differences saudi arabia see iran as its greatest enemy and will be urging on and hoping the americans and the israelis take action against i guess around this is really dangerous territory. you know netanyahu seems to have decided that this is better to go for a confrontation of the round no but wait for that country to get stronger and doing the most recent announcement trump suit so i think our role in the world people

should be watching what exactly you know with growing warm ok chris we're going to have to leave it there sorry we could talk a lot longer but that's the time for now political analyst that was a crisp banbury thank you ok well israel is really saying has launched a huge strike against iranian outposts in syria about sixty rockets were fired by twenty eight jets while ten missiles were fired from the ground or were aimed at the disputed golan heights and i think can go live now to a journalist from tel aviv. still than thanks for coming on we appreciate your time just bring us up to speed then on developments on what israel has been saying. yes so this latest exchange happened this early on thursday today one forty five am to three forty five am israel did indeed attack certain military. weapons depots intelligence spots on syrian ground israel says this was

a retaliation to iranian rockets fired towards the northern golan heights here in israel now israelis seem to have gone into shelters while this happened there were sirens here in israel and. but now business is as usual the regional council in the goal on has instructed to keep going as usual schools are open and public transportation keeps functioning normally farmers are out working everything really is business as usual i would say caution yes but stress not really and now i've seen that some arab media reports that israelis are in stressful states running into shelters and fearful of the iranians this is not the case yes they're cautious yes foreign minister israeli foreign minister of foreign minister defense minister victor lieberman. has spoken today in a press conference.