fantastic availability from better products than the u.s. airlines offer at a much better mileage flight price more value for your mile and if you travel a lot on airlines then guess what you don't have to pay all those baggage fees we're speaking about gary left the founder a view from the wing dot com we always appreciate your time have a great weekend thank you bart. in financial ethics and theology news not a topic we get to all the time here on the program the vatican has issued a position paper on credit default swaps c.d.s. is an observant catholics may want to review their portfolio an official statement from the catholic church's body for promulgating official doctrine called the contracts a ticking time bomb ready sooner or later to explode and poisoning the health of markets the thirty four point statement from the vatican's congregation for the doctrine of the faith applied longstanding elements of church doctrine to recent

events and contemporary circumstances but likely did so with greater force under pope francis's leadership francis the first pope from latin america and has chosen to sharply emphasize spiritual an ethical perspectives on economic justice and climate change in a break with his recent predecessors pope francis may have coined a great phrase when he punted vacated that quote if we want to if we want real well bill it being of humanity money must serve not rule. and time now for a quick break but hang here because when we return alex i live it helps us understand the merits and money associated with meatless meat plus we're joined by one of our favorites the big queen of. all the bells the c.e.o. of smart valor as we go to break here the numbers at the closing bell will be right back.

i. trade wars don't make any sense because the only way to keep these countries dependent on the dollar is that they have to export to the u.s. in exchange for dollars because they need dollars to be part of the global economy

and so when you go into a trade war and you cut that off you kill you you put a gun to your head and commit financial suicide by killing the dollar which is what the top administration seems hell bent on doing among. the united states can always add a. new. tax on other countries. economic sanctions or are often just the beginning another thing you like to do is place some military pressure on the countries a talking about. and there has to be an effort to demonize that country and the leader of that country. is a responsibility for the whole. and we need to make rules for the rest. because

without us there will be. welcome back macy's has beaten. profit and revenue expectations for the first quarter of twenty eighteen and as increased sales for two quarters in a row the u.s. retailer which also owns and operates bloomingdale's outlets reported one hundred thirty nine million dollars and profits and robust growth in online and mobile sales the strong results led macy's to revise that increase their profit projections for the year meanwhile wal-mart's profits took a dip in q one even as net sales figures increased strongly beating expectations net income of two point one three billion dollars was down by nine hundred five million dollars from the same period in the previous year like macy's wal-mart's

online sales were a big bright spot increasing by thirty three percent wal-mart shares fell by nearly ten percent on the news. another fox says flounce ability now for guarding the henhouse and the trumpet ministration this time at the federal trade commission or f.t.c. lawyer andrew m. smith was confirmed on a party line vote of three to two among the f.t.c. commissioners as head of the f.t.c. s. consumer protection unit for the past two years mr smith has represented companies before doing business before the f.t.c. is a partner at the washington law firm of covington and burling and clue to the monk his clients as facebook equifax and over facebook an extra facts are now the subject of two f.t.c. investigations related to data breaches well over recently reached a settlement that the consumer protection unit will enforce mr smith also represented payday lender am g.'s services which was founded by

a convicted record tear and paid the f.t.c. a one point three billion dollars settlement the largest in f.t.c. history over predatory lending the good news is that mr smith has said that he will recuse himself in cases involving his former clients there is that. with concerns growing over the sustainability of eating meat more people are turning to plant based diet the meatless meat industry has investors clamoring for a seat at the table archies alex a highly bitches and toronto where he's been following the story alex great to see you as always it looks like this industry is rapidly moving beyond the traditional vegetarian and vegan population what can you tell us. well you know our like receive vegetarian vigor vegan restaurants popping up all over the place here in toronto they're quite popular but this isn't really what we're talking about we're talking about the mass population and plant based food so it's chicken that tastes

like chicken pork that taste like pork beef and also they even have certain beef that that bleed kind of you know the juices come out of it so looks like real beef but it's actually plant based i think they're actually trying to go for people like me which is most of us that are failed vegetarian the i'd like to be a vegetarian so let's call it up flexitarian there actually is a term where i'll toss in a steak every once in a while but i want to eat plant based foods as much as possible so these guys are trying to appeal to people like me and possibly you bart i don't know if you're in the same frame of mind i'm with you. there you go eat a healthier diet and it's a growing component of the food industry now between two thousand and eleven and two thousand and fifteen a twenty four percent annual growth in that meat substitute realm of foods that means it's massive it's just been getting bigger and bigger and obviously one of the biggest meeting parts of the world is asia and they see this as a key opportunity for them for growth this is meat substitute plan and they're investing tons of money there's a company out of singapore it's called tam

a second they currently invested one hundred eighty million dollars into a plant protein innovator called impossible foods and that's actually a u.s. company now china obviously going to be a huge market for this because china are massive mediators right now and their government wants this to change this isn't the traditional diet of chinese the wealthier these people get the more eat meat that they eat and china want to pull back on the sears a graph where you just give you a bit of a picture of what is happening in china they are consuming over a quarter of the world's meat and half of the pork in the world as i mentioned the chinese government doesn't like this they want to see healthier people and that they want this consumption to go down dramatically but also if you look at the u.s. itself i mean here's another graph to pull of what's happening in the u.s. meat consumption in the billions of. pounds we see that yeah it skyrocketed not only with the population in mind but also again consumers are more money so they're eating a lot more meat but you see that there's a little bit of a drop there and that's due to education so it's about personal health people are

learning about that they're learning about the environment how what impact the meat industry has on it and also the way that animals are treated in these massive factories will talk about them on paul farm with you know twenty cows or ten pigs we're talking about hundreds of thousands of animals that don't really have the best lives from an ethical standpoint people are stepping back as well i'm glad you mentioned the environment alex because let's just say the animal emissions as it were certainly add to global warming it's a big deal i've worked with a lot of these kalman over the years and they are certainly going to be looking at what actions they can take but we appreciate you bringing us up to date on this our to correspondent alex mann hyla bitch have a great weekend thank you you too. there is always a lot going on in the world of crypto currencies and we cover them most in the average more than the average program of course and we have one such interesting

guest today although fell why are we lower the c.e.o. of smart valor and the big calling queen of switzerland who joins us from our new york studio although welcome it's so great to see you you've been at that consensus krypto of at their new york city this week and we have followed some of it like federal express c.e.o. fred smith talking about block chain being used in the future of logistics and i know damn don tapscott was there we've had him on the program as you know but three you all go what have been the highlights this week. well first of all you know finally consensus invited me as a speaker just you know kind of prove that you really really made a know if they have it they have a big point queen of switzerland exactly and apart from that you know i've been going there for the last three years and me most is that you know this years there were like around nine thousand people just like really really he started as

a small inside the conference event rate and it exploded to such a size it's unbelievable rate and what it's also special you know that today in comparison to what it was like three years ago there were a lot of traditional companies so not corrupt c.e.o. like square c.e.o. and so on and so on and they are all speaking highly about it because when and blotching and that is quite a new music yeah it is it's good to see some of the more mainstream people get it getting on board let me ask you about that we've talked a little bit in the bank about the banks you're a former banker yourself u.b.s. i believe and maybe some. other bank but you know the banks have been a little bit slow to get into this and then just in the last several days you saw the new york stock exchange reports are that they are developing a platform for trading crypto currencies do you think that the more institutionalized investors the exchanges are going to be coming to the crypto

space in the near future or go. that's in the clear definitely i guess reuters around the survey asked financial institutions about their plan to get into the cryptocurrency space and one out of five. planning to do so this year and this is. also and it shows you know that cryptocurrency space but also you know protocol space is developed and into. turn it if asset class which cannot be ignored anymore. that's very interesting what talk a little bit about governance and regulation we're seeing more and more of this in this space like the winkle vi the little boys twins the german exchange founders starting a self-regulatory organization or s.r.o. this one i think is called the virtual currency exchange how do you see governance and regulation going forward. well this is

a very useful movement and i think this is a good solution is the right place to start because you see changes realty simple rates you buy and sell cryptocurrency but there are so many more. business models around cryptocurrency s. and glock in technology right so it would be very unfortunate if that a glacier would step in and provide a very detailed regulation for all the different cases so so self-regulation this is exactly what we need in the street coming up was a proposal how you know to what should visit rules ourselves would like to put on our on the other activity rates and how d.c. is the way forward to rate and this self-regulating forward so this will also help that again later to really kind of engage was and to find the right way forward and this you probably know the self-regulatory environment is also very strong in

switzerland and switzerland almost the largest part of financial intermediaries are regulated through self regulation organizations so it's also amazing to see this coming up in i think it's great development good hey before we go all go let me ask you one more story i heard a story about a large yacht party did you hear that story one going on up there or were you on this yacht well you know it's actually i was also invited i just had no time to go no need for lamborghini you know what i will not i will not i will not then spread rumors about what went on on this yacht and nothing illegal but putting us drive again extravagant i was told but thank you so much for being with us all the felled by the c.e.o. of smart valor and the big calling queen of switzerland thank you all. and as we were just talking about the exciting world of crypto currencies we do

that all the time on the program for your regular boom busters who watch and the future of money certainly includes crypto currencies some say it might even be paper money might be obsolete rendered useless in the future but just because we talk about kryptos all the time doesn't mean that crypto currencies on are on par with other institutional investment opportunities they're not so we take just a little time here at the end of the week to warn people to be careful the other day when we were doing a segment on crypto as we shoulda showed a couple of photos of the lamborghinis expensive and cool looking cars which were parked outside of the consensus krypto event in new york that's the event where it all tended and we thought the car is the pit of my eyes the new crypto rich but as it turns out the cars were not owned by crypto investors but actually placed there perhaps or rented by crypto exchange officials the exchanges of course they benefit they make money with increased trading using glamorous items like expensive cars as

a way to entice people to invest if they think they too could own such a car if they just invest so just be mindful don't get caught up in the fear of missing out do your own due diligence a report out today in the wall street journal looked at fourteen hundred fifty digital coin offerings and found that two hundred seventy one of them contained some pretty obvious red flags when i wrote my book on ponzi schemes a few years back i called them red flags of fraud and the types of things i wrote about in ponds ammonium are out there in force in the crypto world the journal reports that some of the i c o website used stock photos or no photos of the i.c.a.o. team members or have no or fake phone numbers and what some of the scams are doing in the crypto space related to the i.c.a.o. is ripping off other legitimate. i see zero white papers i know this from personal experience the fraudster may change the name of the coin offering for example but

keep all of the rest of the information in the white paper so the offering may look legitimate when in fact it is really bogus so ensure the websites are legitimate do a little extra work that could save you from losing your hard earned investment to a sleazeball bottom line never send your money to anyone without being sure you know what and who you are sending it to that's it for now be sure to catch boom bust on youtube youtube dot com slash boom bust r.t. will see you next time have a great weekend. what politicians do you suppose to. put themselves on the line. they did accept it or reject it. so when you want to express. some want to listen.

to the right press this is what the three of you get. interested in the war. twenty forty you know bloody revolution. the demonstrations going from being relatively peaceful political protests to be increasingly violent revolution is always spontaneous or is it you know here i mean your list put me in the new bill is that i new spelling you know to the former ukrainian president recalls the events of twenty fourteen. those who took the lead in this field are five billion dollars to assist ukraine in these and other people that will ensure a secure and prosperous and democratic.

we have to judge countries are trying to lead their set directives case per case so we need more objective but the reality is. you know media tries to get the facts but also leans towards their world view so this is where social media and direct communication comes in unfortunately it's sometimes called fake news or sometimes yes but it's sometimes actually a different worldview that they just fake news by powerful people. off by. on that i love to show you a little bit homophobe want to be caught out every time. you do that is.

that is serving. to high school she seems roping us alone. ride a one killed in georgia and ten dead in texas after a student opened fire in your blue. trooper just going to the here's where i think i called my mom. a former russian spies could have power is released from hospital in the u.k. ten weeks after he was poisoned by nerve agent although his whereabouts haven't been revealed and investigation is under way in cuba as to why a passenger plane crashed shortly after takeoff killing more than one hundred people also come this hour an hour see the party is poised to form italy's next coalition government and a political program that attacks some of the used most entrenched policy.

welcome you're watching r.t. international this saturday afternoon which just gone four o'clock here in moscow. friday turned deadly after two shooting incidents of high schools in the united states one in the morning in texas and the other later at night in georgia in the latest incident one person was killed and two were wounded as an argument broke out in the school parking lot it happened after a graduation ceremony held across the street earlier a massacre at santa fe high school left ten people dead and ten wounded. i turned around and saw the kid using my foot as i see him every day and i saw him with a shotgun. he was wearing a trench coat with combat boots had

a board to kill to show it's. hard to shoot several people down to probably about a. third of that were not. heard. from a friend got shot in our home and soon as the alarms went off everybody just started running outside and next thing you know everybody low and you hear. just ran. to the nearest forest i could hide like caught my eye. we all took off in the back and i grabbed turn around the trees to see i want to be inside and then i heard four more shots and then we jumped the fence and some details and then we ran to the car wash the. shooter has the information contained in journals on his computer and cell phone did he said that not only did he want to commit the shooting but he wanted to

commit suicide after the shooting. so this is the states. are just in this. while the santa fe shooter has been identified as seventeen year old student to me to court says here he still in the school with a shotgun and also a revolver he later turned himself into police court documents to state he didn't shoot people that he'd like to say that quote he could have his story told so several several homemade bombs were also found at the scene and at the suspect's home to just four weeks ago santa fe high school students did take part in a nation. walk out against gun violence it was passive the never again campaign for tougher gun laws started in february by survivors of the parkland massacre that was the third deadliest school shooting in the u.s. history such incidents have become

a disturbing trend. where we discuss the issue with the international criminal law attorney jennifer braden she says it is easy to over simplify the problem of gun control. you know we have one side going for more mental health issues screening wanting to protect that and the other side we have just gun control in trying to demonize things like the n.r.a. and i think there are aspects to both you know there are these gray areas which in america we're sort of losing when it comes to these political talking points so i think there are some gun control issues that i do agree with for example you know allowing american citizens to hold firearms and to carry firearms was

a self-defense method meant to protect against against an attack in a state government a government that become oppressive against the people and that was to protect our families and self-defense they never considered assault weapons as part of that self-defense or some of these mass military grade assault weapons and so we're also looking at families absolute failure to protect their children their young ones who are who might have issues the parents would know best from getting a weapon that could kill people when the parents have the responsibility there we're just looking at a lack of responsibility on many aspects in us society here. the russian spies who go. at the moment following his release from hospital in the u.k. and his dual duty it were admitted ten weeks ago after exposure to a nerve agent in the city of soldier on his murder against the of has been following the story. it isn't just the british we all love a story that ends well screwball case that was an ugly business

a disgusting inhumane assassination attempt that thankfully failed it is fantastic news desk serug a script pal is well enough to leave salisbury district hospital that he yulia and detective sergeant bailey have been able to leave or soon after coming into contact with this nerve agent is thanks to the hard work skill and professionalism of our clinicians who provide outstanding care to our patients day in and day out fantastic indeed poisoned with one of the deadliest nerve agents in the world a mere drop of which can kill a dozen people and he's out of ospital in mere months and miraculous almost that anxious for the good doctors this is a remarkable turnaround is that for us a remarkable recovery really it's amazing it's incredible how they were able to recover the public wants to see their hero as he leaves the hospital is that

mr scribble no maybe him no wait there's our man. old photo there's nothing no photos no videos of him leaving the hospital but it's also strange strange because the british government was ok with taking photos and giving access to alexander litvinenko who was poisoned with polonium who was dying not recovering who was in a horrific condition mr litvinenko was poisoned in the pyne by of the millennium hotel in mayfair in central london in two thousand and six and here we have missed the square pal who is far as we know no one photographed at the hospital we even wrote to the foreign office of the police the last. little for any information please see the gov door. on the incident thanks very email i'm afraid this

cripples are not currently doing interviews but we will pass on your request and log your interest thanks nothing miss the script battle isn't available you know thank goodness he survived and recovered thank goodness we send did well but a pity isn't it that no one's actually seen anything. now an investigation is underway into cuba's worst air disaster in nearly thirty years more than one hundred people died when a boeing seven three seven came down shortly after takeoff from havana on friday there were said to be one hundred ten people on board this plane including five children and six crew members soon after the crash local media reported for survivors although one was said to have died on the way to hospital three others are currently in a critical condition the jet's black box flight recorders have not yet been

recovered but the plane reportedly came down in a field not far from jozy marty international airport it was heading to the cuban city of holguin the cuban government declared a period of mourning starting saturday and till midnight on sunday local reporter why and how can we know has more details. plane that was on a local flight from have an it will begin or begin on the northeastern side of cuba . tourist resort where lots of cubans live. out of a bank when there were a lot of ambulances and police rushing by and when we came out here who could see smoke. there was a bang and a column of smoke then we sue police cars and fire brigades passing by. we've been told that the families. of those who lived in olguin of the victims are being further being brought to have an on the night the. helping in the identification of the victims the three survivors are women and are in hospital one of them was being

operated on the others are being studied their cases being studied we don't know yet but we will know soon. they have promised a full investigation top cuban authorities were on the side on the scene of this tragedy the president himself president. was just been sworn into office he was there the minister of transportation was there everybody was there trying to help and figure out what happened it's a tragedy by all means it's a local flight a passenger flight that airlines had list from a mexican air company global air i understand is the name and on the crew was a mexican crew also. but a very very sad situation indeed a boeing seven three seven with more than one hundred people on board.