pensions so these are things that cannot be argued that this was the largest generation in u.s. history and it will take some money a lot of money to finance all of them millions of them in retirement that's super interesting about they don't have the option ality i know a lot of people they said with the economic downturn i got to go back to work you know they came out of retirement they don't have that option now or least a lot of them don't but let me ask you about another impact on g.d.p. the tax cut you got to say it's helped you know companies do some investing there's you're arguing about too many stock buybacks but that's also going to fade over time right i mean that's sort of a sugar high won't be there for too long will it well that is one of the concerns going forward i mean there's only one time that you can bring money back onshore there's only one huge boost to share buybacks companies also have to consider that they're buying their shares at extremely high valuations and that they're not as shareholder friendly activities as they used to be and again to your point if you're speaking about the long term viability of this economic recovery which is

art of the second longest in u.s. history you're talking about companies becoming very aggressive with capital expenditures and yet they're c f o's their chief financial officers are whispering in their ear there's an economic slowdown in the making so be careful about what you do and don't invest going forward again i think we just have to be prepared for what is and navigable regardless of who's in the white house yeah i agree with you but we will watch if we get to that three percent growth that would be the first time since two thousand and five so we appreciate you keeping us informed and always providing insightful things like you gave us today the c.e.o. of quill intelligence danielle de martino both thank you did you know thank you bart. and time now for a quick break but hang here because when we return manila chan tells us how our smart t.v.'s might be too smart for our own good and are they spying on us or maybe the better question is how much are they buying want to see if you're going to want

to see this plus how will disney leverage the assets and attributes of twenty first century fox with the deal about to go down i sat down the other day with in new york with steve walz bergen we have his lofty learned and always entertaining take as we go to break here the numbers at the closing bell the tech heavy nasdaq climbing back today gaining half a percent overall we'll be right back. zia's says harlan kentucky. we always move them for you susan you go grinch very funny. a ko money since he was almost no coal mines lived. jobs are gone ok when i was

just said. that it was rough to see these people the survivors of disappearing before their eyes. i remember thinking when i was younger that is anything ever happened to the coal mines here that it would become a ghost town but i never thought in a million years i would see that and it's happened it's happened to. boast of the people in the most. variants of that bombing we were in that number from dissolute all day it's clear evidence is that all of this was still massive in the growth. yes. and the psyche would not let slip that.

what politicians do sometimes you think. they put themselves on the line to get accepted or rejected. so when you want to be president i'm sure more so more want to be rich. but you'd like to be closer to see what the before story of the morning can be good that i'm interested always in the waters of my heart. there should be a. bad . right we're all set to start in five guys in the studio house a signal. he's not going to talk about that no fly list just renewed right after the morris explorers one who would appear to. board a rocket. to say let me know.

ok let's room and told them to sophie and co i'm so sorry shevardnadze said today we're got lots to talk about in our program and our gas. good luck little. and welcome back the foreign exchange unit of credit card company american express is under fire for allegedly baiting business clients with talk of favorable currency conversion rates then later changing to less favorable rates cyc the wall street journal reports that the practice was widespread within amex's foreign exchange unit since at least two thousand and four and i'm told earlier this year

this year following the news breaking their stock took a big time hit in an internal memo american express leadership told employees quote if we find that we fell short of the mark we will fix the problems and take appropriate actions to make sure it doesn't reoccur the what appears to be an exchange rate swindle from my perspective reportedly targeted smaller and medium sized business clients a constituency that generates about twenty five percent of the card company's revenues and that amex has said they hope to dominate in the credit card space the scandal amex echo similar episodes of widespread malfeasance that other finance and credit firms including revelations of abusive sales practices that bad boy bank wells fargo. and irish air carrier ryan air is on the verge of a major labor conflict after two twenty four hours drive by its pilots base to dublin the strike days impacted a total of about sixty five hundred passengers and followed

a vote by the irish airline pilots association to strike over personnel issues ground crews also stop working at least for ryan air hubs on the continent ryanair workers in germany voted on monday to strike and workers in the netherlands and dorset on the job actions earlier today now ryan air c.e.o. michael o'leary has escalated dispute with a threat to move jobs to poland if workers carry out another day of strikes which are plan. for this friday august third a representative of italian ryanair workers spoke to reporters about the fight last week. to strike has been organized to tell it to the ryanair that they have to negotiate a c.n.a. collective labor agreements by innocent cabin crew where can you tell me we do you insist that the workers have to say. seven eleven franchisees say the corporate office of the u.s. convenience store chain is trying to force them into

a very inconvenient new contract the york times reports that owners and operators of the chains ninety one hundred us store locations say the main office new got contract offer would put many of them out of business store operators say that the japanese own chains corporate offers offices pressuring them to agree to a fifty thousand dollar renewal fee even though they have steadily lost profit share to the home office since get this two thousand franchisees say their profits are reduced by requirements to stock store brand versions of best selling items that offer hot food items that generate profit for the home office but just add to the franchisees labor and wastes costs the time sites u.s. regulatory filings that show annual profits at seven eleven chicago area stores are between three hundred fifty thousand and six hundred fifty thousand dollars. and south korean telecom giant samsung reported flat second quarter profits yesterday as

a twenty percent downturn in mobile devices profits slow growth memory chips however kept the company level samsung accounts for one of every five smartphones globally although with prices for a new samsung phone at over one thousand dollars some consumers are not getting the newest versions as soon samsung is also a major maker of smart televisions and for years they have been number one manufacturer of smart televisions i have a few at least for now we're going to listen to this story beside our smart t.v.'s too smart for our own good and are they spying on us at home and at work our teens manila chan gives us some important unsettling news. over the past ten years homes have become smarter in the past year alone more than thirty nine million smart home devices were sold in the u.s. and according to industry insiders twenty seventeen saw about one hundred sixty eight million internet connected t.v.'s being used in america staggering numbers more than half the u.s. population have smart connected t.v.'s already to save the growth of connected

devices are robust is an understatement and those smart t.v.'s have made our media viewing abilities more dynamic and customized it has also opened up a pandora's box of data being collected on you everything from what you watch to how long you watch it what you browse they can even glean your political leanings based on the t.v. news outlets you watch the t.v. manufacturers can then share that data with their business partners to better cure rate the perfect ads to show you last year smart t.v. maker busy zero settled more than two million dollars with the federal trade commission over software on some of its t.v.'s that collected data on consumers without their consent that's what's prompting two democratic senators ed markey of massachusetts and richard blumenthal of connecticut to ask the f.c.c. to investigate whether internet connected t.v.'s are invading consumer privacy citing quote any entity collecting and using sensitive information should comprehensively and concisely detail who will have access to that data how that

data will be used and what steps will be taken to protect that information users should be given the opportunity to affirmatively consent to the collection and use of their sensitive information now legend legendary cyber security expert john mcafee had this to say about it. i think it would knock on effect of it all how do you know for example that the t.v. is spying on you. there are features for example that are coming out where simple hand gestures are enough to have the t.v. change the channel you know go up go down whatever so that you don't have to be fumbling around with a remote control so if you have a camera in the in the t.v. and the camera is is used for some purpose how on earth are you going to know that it's spying on you or not. this is issue i mean we had t.v. spying on us for years and no one knew until samsung funny admit it not just watching but listening to you in fact in the manuals they now have if you want to have a private conversation do not do it in front of the t.v.

last year wiki leaks published vault seven which details malware created by the cia in cooperation with the u.k.'s m i five called weeping angel it could effectively use your smarts he need to listen to you even when you think your t.v. is off we asked john mcafee if he thought new legislation could hamper the threat here's what he said the government has all the power they have the enforcement they have the police they have the legislation and they can make more if that's not affected so that we have we have no power so while sales of smart t.v.'s and a host of other smart devices don't appear to be slowing down regardless of any cyber threats we'll see the internet of things become that much more tricky of a space to protect in washington miliband r.t. . with the does the twenty first century fox deal seemingly done what assets and

attributes will does the gain from fox and what will disney do with them here to give us his take is conservative t.v. and radio commentator steve malzberg steve thanks so much for being here we've discussed the media merger madness before but what is it that disney's going to get from twenty first century fox that's really the most valuable deal first let's point out what they won't get a lot of people think oh disney is going to get the fox news channel that's not happening they're not getting the fox news channel they're not getting fox sports fox to port days or the big ten channel so that's that they're not getting but they have so much that they're going to get they're going to just be a giant the mouse is going to be a giant mouse they're getting going to twentieth century fox t.v. the simpsons and all the t.v. programs that go with that they did twenty first century fox they're getting national geographic they're getting access to international markets all throughout europe in asia and latin america television i mean they are just going to be they're huge now but they're this that's why there was such

a fight over this because they it is a crown jewel fox was to both comcast and disney and disney is the winner so they're going to have a lot and it's going to benefit them in so many would different ways i don't know how this worked but in late may i was down at disney world of florida and i went on the avatar right which is great the best ride i've ever been on but that's a does the product added avatar james cameron movie so much for how they have it but what other sorts of things x.-men i think of that are twenty first century fox own will be seeing rides eccentric disney of the. planet of the apes all my go through some ride with that i mean that they're going to they're going to be able to use so much of the dizzy of the acquisitions that their theme parks and of course let's not forget the merchandising i mean just like they did with star wars maybe that didn't work out so well but you know do. merchandise is everything at the disney store and throughout their theme parks so they're going to

have a fantastic for all the movies that you would that you don't know or don't know is associated with fox and owned by fox all of a sudden disney has them and this is good i mean they could open up you know a special theme park just for the fox acquisitions this is going to be huge let me ask you before we go sky european pay t.v. service that does the own i think you told us before thirty nine percent something like that but comcast which bowed out of the effort to get does the really want sky and comcast needs sky what he thinks happening with that well you've got disney is going to get the thirty nine percent that fox owned of sky comcast will probably get the rest comcast would like to have it all now hulu went through is into this because hulu is basically own thirty percent between fox and comcast and disney it's split up their third third so maybe there's a trade people are talking about a swap in the works where comcast would give their remaining to disney their hulu

shares to disney disney with their own all of hulu and then disney in return could give the sky shares that they got from fox to contest and comcast would own all of sky so that seems to be what most people think will happen sky a pay t.v. service throughout the five countries with twenty five million subscriptions so it's a very important piece of property well we'll keep following it we appreciate you helping us steve malzberg thank you. well i told you we are jam packed so that's it for this time you can catch boom bust on directv channel three twenty one dish network channel two a day or streaming twenty four seven on pluto t.v. that the free t.v. channel one thirty two or as always hit us up at youtube dot com slash boom bust r.t. or catch you next time. some

fool something going on. they use indigenous people as you know we that they paid in the people of the tweet . mostly you should say that only behind but yes he did so. out of a sudden the man just. can't believe we can tell you when. i said i wouldn't enter it in the if they were not alone. if they will shoot we. might not all moan on million million indeed i'm deaf them not to be on a nominee been thought to be have you don't find it illuminati mankind that if a guy made it look like i mean the economy i use.

on this edition of crossfire we consider one question is donald trump's america first policy in contradiction to the washington consensus idea of american exceptionalism the answer this question will likely define trump's presidency and change the world looks. this is. the church secret indeed catholic priests accused of sexually abusing children can get away with it quite literally i like to call this the do a graphic solution so what the bishop needs to do then he finds out that the priest is is a perpetrator is simply moves him to a different spot were the previous standards not the highest ranks of the catholic

church help conceal the accused priests from the police and justice system to that it has known that as the i intend. to use this data and. join me every thursday on the alex salmond show and i'll be speaking to us from the world of politics or business i'm show business i'll see you then. i know i'm not a bigot. but if. i . eat. really

eat. oh. and independent investigation traces weapons found in former islam a strongholds in syria back to western manufacturers. and there in the u.s. state of oregon or does police not to once we emerge into calls for immigration agents were being cursed by protesters against the president trying to migrate down . it's revealed the manchester arena bomber was rescued from war torn libya by the british navy in twenty fourteen three years before he killed twenty two people. and spain adopts new emergency measures to control the flow of refugees into europe while an italian charity claims migrant children are being sexually abused the man

offered to help and said he would shelter me in exchange for sexual services when alone with my father's friend who before continuing the journey that subject of me to children abused me. thank you for watching the news he retired he is a national broadcasting live from moscow. weapons discovered in the syrian former terrorist stronghold at least in aleppo have been traced back to western manufacturers war correspondent robert fisk identified the weapons through serial numbers that try to discover how that ended up in rebel hands on these kind of morbid reports. this is a weapons factory located in bosnia most likely you have never heard of it but it's here that the weapons were manufactured for one of the bloodiest battles in syria lots of homes were destroyed and lots of civilians were killed in western aleppo by

those questionable rebels. we got it almost exactly eight o'clock in the morning and it happened at the worst possible time just as thousands of children would go into school the first shell actually came in between these buildings you know that then the children were on their way to school when a mortar shell landed at the end by a few of them were killed i knew them they went to maher screw a thirteen year old ream lost her foot in a rebel shelling three weeks ago and it did this to. the rebels launched the rocket and it's ten o'clock in the morning seconds later it hit the national school of aleppo three of the children died on the spot so the rebels and now pushing closer and closer. we're in the island.

and the rebels are pushing into aleppo again. by sunset nine dead over one hundred civilians injured. now most of those rebels are tied to the al qaeda linked al nusra a terrorist group but let's focus on those weapons that they used robert fisk an investigative reporter was able to trace those weapons back to that very factory in bosnia he was able to get a hold of the factories logbook and getting in touch with the former weapons control director the director recognized his signature in the logbook and from there was able to determine who the buyer was it's a warranty for the hundred twenty millimeter shell this is standard it went to

saudi arabia it was posts of a supply of five hundred moves as i remember the saudi shipment well the saudis came to a factory to inspect the weapons at the beginning of. twenty sixteen but the response from saudi officials was pretty much a denial they said that the investigation was vague and undefined however their response seemed pretty vague as well saudi arabia is a leading voice within the international community in support of a diplomatic solution to the conflict in syria while at the same time working with our neighbors and allies to counter the growth of forces of extremism but it's not just saudi arabia the former weapons director says that nato and the united states pretty much run the show at the weapons making the syllabi when the saudis came to our factory to inspect at the beginning of twenty sixteen there was a saudi minister and some saudi officers who was they came to inspect the weapons before receiving them the offices will civilian clothes the minister was in

a robe or low production off to the bulls and war is under the control of the americans and nato who are always coming here and they know each and every piece of weaponry that leaves off factory. we also asked nato for a response but they didn't have any details to share even though the weapons were actually made to the nato standards need to doesn't transfer arms or i mean nation for and for the questions we would refer you to national authorities now another trace from the basement of this former terrorist base in aleppo is the markings on the casing of a missile now if you take a look the first number here this represents the type of missile the second number however is the stock number you'll notice that it contains the figure zero one now that's the nato code representing the united states it turns out that this t o w anti-tank missile was manufactured at a facility in the united states by the raytheon systems company this missile would

have been manufactured and sold by huge raytheon absolutely legally to a nato or friendly on the pro american power government defense ministry you name it and they will exist for it's an end use this is to forget it and e.u. see a document of impeccable provenance which will be signed by the bias in this case by the chaps who purchased the town missiles in very large numbers stating that they own the final recipients of the weapons this is not the first time this has happened syria is actually littered with weapons that are made to nato standards and some of which have actually been manufactured in the united states the question now is how much do washington and nato know about their weapons falling into the hands of the very cherice they claim to be fighting there is a deafening silence a purposeful lack of interest a purposeful apathy and the reason for this is simple the us government and the

military industrial complex and the corporate owned media that functions as an echo chamber for the military industrial complex actually does not care the us gov. prosecutes those who they say aid and abet terrorism well guess what american war contractors are aiding and abetting terrorism but the u.s. judicial system the justice department the long arm of american law enforcement will not be used against these same military corporations which in fact are subsidized receive a form of welfare from american taxpayers every year. further rallies against donald trump's divisive immigration policy are expected across the u.s. later some earlier process turned ugly with immigration officials facing threats and violence one city police even refused to help as r.t. samir khan explains. well imagine if you were just going about your day trying to

do your job and you were confronted by a bunch of protesters who appear to be threatening what would you do well call the police i'm assuming but what if you were ignored because of the reputation of the agency you work for now if you're a us citizen this could be claimed as a violation of the constitution and apparently this is what's happening to immigration and customs enforcement or ice employees in portland oregon now ice an agency tasked with cracking down on illegal immigration has accused the mayor of portland of violating the constitution by not allowing police to interfere with an anti ice protests for about a month until july twenty fifth activists were preventing ice employees from going in and out of their building protesting against the trump administration's policies towards illegal immigrants but anti sentiment is widespread protests or is across the country have denounced the agency making some very interesting comparisons i see as the modern day american get stopped. we cannot stand by it more or

it just agencies. that. when ice called the portland police stop department mayor ted wheeler who is also police commissioner refused saying his officers would not bail out ice here's how he explained his stance in this case i've consistently stated that i do not want the portland police bureau in gauged in securing federal property that house is a federal agency with its own federal police force ice accuse the mayor of creating a quote zone of terror and lawlessness but this conflict between wheeler and the trumpet ministration has been going on for months now in january attorney general jeff sessions ordered sanctuary cities like los angeles chicago portland etc to comply with immigration enforcement efforts. these cities refuse with wheeler calling it one of the most disappointing actions he's ever seen from the white

house but protests against ice have sprouted nationwide an anti-us sentiment has trickled up to effect trump officials even press secretary sarah sanders and secretary of homeland security kiersten nielsen many by now have heard that i was asked to leave the restaurant this weekend where i attempted to have dinner with my family my husband and i politely left and went home i was asked to leave because i work for president trump. ok you are right. right i think. you. really believe this latest case shows that the us is going more and more polarized and it's not just limited to protesters we're now witnessing disagreement between the federal government and the state government which could potentially have very severe repercussions blog brian logan says the mainstream media has contributed to the ongoing hysteria surrounding the agency.