because there's no there's no way to recycle them they can only be used so long and then all these very dangerous rare earth minerals are going to be stuck somewhere stacked up like that are solar panels all around the world so one of the things that the trumpet ministration had said is this is actually a relief to manufacturers yes they project out five years ten years in advance to produce products the only reason they're producing electric vehicles is because they're forced to produce electric vehicles sales of them are less than two percent the vehicles are lighter and more expensive and consumers are buying new cars they're now keeping cars longer over the last four years the average car length of keeping a vehicle used to be ten years now it's fourteen years because people just of all buy new cars every year even though we're selling a lot of vehicles and look at the big picture if people buy less cars they're less likely to go to electric vehicles the sales aren't there the investment is not there and cost of insurance is higher on these vehicles consumers cannot take that burden so it makes sense why they did this this is actually helping consumers even

though tyson doesn't think so i understand his position but i also understand that consumers especially in the bulk of the country don't have places to charge and they really don't want to go out and buy new vehicles every three years like some people did it we're going to have to leave it there just because of time i'm sorry we don't have more we could have gone on this for a longer time that's lauren fix the car coach and president of the north american car truck a utility vehicle of the ward you're a year of the war your award tyson slocum the director of public citizens energy program thanks to both of you thank you thank you. and the largest restaurant chain in the world by revenues is mcdonald's of course and the company's second quarter earnings report is out our two correspondent a total suite took the time to look at it and now gives us an update on what's been going on and which mickey d's and devers are taking the biggest bite from profits. competition in the breakfast sector along with higher price menu options are just some of the reasons behind the drop in revenue for mcdonald's but executives say

some of the biggest bites coming out of their profits has to do with mcdonald's changing the structure of its business model the hamburger giant said selling company owned stores to franchisees her profits as a result their second quarter earnings fell twelve percent from a year earlier the company said it already recorded a pretax of ninety two million dollars for severance to the management they were tremaine along with costs involved for closing field offices but the overall picture is to provide more support to their franchises well they hope the extra hand will enable them to better manage expenses won't boosting sales and evasions are now in the works for more than one third of company owned restaurants in the u.s. mcdonald's reported in that income of one point five billion or a dollar ninety a share despite the charges for restructuring the company profits were up from one point four billion or dollars seventy a share from a year earlier for the company second quarter sales were up globally by four percent domestically sales were up two point six percent mail delivery also field

sales but it wasn't quite enough to meet analyst expectation of three percent growth for stores open one year or longer a new brand of beef was introduced on the menu and labor costs also increased during the second quarter some point to competition in the breakfast department which accounts for twenty five percent of their sales new promotional deals are said to be in the works a massive cycle spore outbreak is causing mcdonald's to find a new cell a supplier for three thousand of its impacted restaurants according to food argument ration two hundred eighty six people in fifteen different states became ill after eating a mcdonald's salad eleven people have been hospitalized as shares fell last week when donald gave its shareholders two point five billion dollars to share repurchases and dividends from mcdonald's stocks took a hit executives say that they are optimistic about the company's overall picture only time will tell if these big changes have a hamburger giant on. up for lost profits in los angeles times just waits. and time now for a quick break but hang here because when we return steve walz bring helps us take

a longer look at the july jobs report and we'll break it all down for you as we go to break here the numbers at the closing bell gold down a little over half a percent twelve hundred fifteen dollars when we went to air will be right back. but. we have no idea what's safe he's doing on the vacation but she will be back on air in september. first.

of all there's. a little so that's almost says thanks. so much i must. tell you. that there's. eight today to. do most of it to. the troops and some of the sheen you know. well. it's. good to be it is but it's i mean. if they were. tortured i mean that one of the most interesting her i'm going to. come this morning.

welcome back the united states senate has sent a military spending bill topping seven hundred seventeen billion dollars to the desk of president donald trump on a bipartisan vote of eighty seven to ten mr trump who used the recent nato summit as an occasion to push u.s. allies abroad to buy more bombs missiles and planes from american defense manufacturers of the specter to sign the legislation spending for defense now accounts for more than half of u.s. federal discretionary spending the legislation budgets for seventy seven f. thirty five fighter jets made by the lockheed martin corporation well even defense biggest booster john mccain senator john mccain of arizona has called the f. thirty. five a scandal and a tragedy the f.

thirty five is fortunate to be manufactured in the district of congresswoman kay granger who chairs the house appropriations subcommittee on defense spending go figure the build notably does not include a provision to block president trump a waiver for chinese elections electronics manufacturers e.t.e. which faced a fatal cutoff of u.s. tech imports over u.s. sanctions against iran and north korea and turning to east africa a major infrastructure project on the nile river with the potential to transform energy commerce and perhaps geopolitics in the region is now under a cloud of uncertainty and suspicion after the project manager and engineer smeg new big kellett was found dead from a gunshot late last month mr big kelly became a beloved public figure within ethiopia for his efforts to push the half finished four point eight billion dollars ethiopian grand renaissance dam project over hurdles of domestic corruption and opposition from sudan and egypt which fear the

power generating dam could reduce their agricultural water supply ethiopia says that they will let the water pass through to generate as much as sixty four hundred megawatts of electricity doubled their current level making them a net energy exporter mr big calley was an abaya for an announced press conference addressing project delays leading to anguish suspicion and speculation across the of the o.p.'s to why mr big kelly may have been murdered. as we reported last time the july jobs report is out and while the number of jobs created rose by one hundred fifty seven thousand it was be low what many expected that said there are on average each month this year two hundred twenty four thousand jobs created that's above this time last year the unemployment rate nudged down a tenth of a percent to three point nine percent and here to break it down further is conservative t.v. and radio commentator steve morals big steve happy monday welcome what does the

bureau of labor statistics say about individual sectors like manufacturing or health care for july which did well and which well not so much well great to be here bart as always manufacturing is headed on the head thirty seven thousand jobs created and that brings thirty seven three hundred seventy thousand for the twelve months making a year and in the term of donald trump the one thousand months over eight hundred thousand now understand the previous administration bart told us these manufacturing jobs once they went away were gone and weren't coming back but they're coming back you know durable goods transportation and machinery did exceptionally well in other sectors you had health care services did well as did the food industry and construction this spike the housing slowdown one thousand thousand new construction jobs which brings to a total of over three hundred thousand for the last twelve months so things are looking good retail financial services and thank goodness government held steady or

went slightly down very interesting and what will take all the good news we can can get how about major worker groups you know we know that dude's like us white men usually have the lowest unemployment rates and and teenagers as their teenagers have the highest unemployment rates or anything interesting with other worker groups that you've looked at. yeah a all time low for asians all time low for hispanics but listen to this talk about high school dropouts how often do we hear about that they've reached an all time low of five point one percent unemployment and those who have only finished high school and have not gone beyond the high school diploma for education they were at an all time low this month as well at four percent unemployment and that might be due to the fact that companies and especially small businesses are looking for part timers because there is a shortage of workers quite frankly but i found that to be very interesting it is

but still get an education kids don't don't let. you know we've reported here that there are currently more jobs available than people seeking work but of course there's that pesky skills gap and that people looking for work don't have the actual requisite skills to do the jobs available but what about labor participation how many people in the us are actually employed as a percentage now steve. well the percentage is sixty two point nine percent which remained about constant that's a good number if you go back over the past several years but once again that the number of people which i know isn't it significant but interestingly the number of people is again this is the eleven record set monthly record set in that one thousand months that trump has been president so you know that the number is pretty good when you put the number and you parrot with with other economic factors i mean things are looking pretty good well we'll keep our fingers crossed i know you know there's always people are

a little bit pessimistic and i want to be cautious but boy as long as we can ride this thing let's hope we can continue to do so steve malzberg conservative t.v. and radio commentator thank you see it always great to see it. and turning back to the u.s. sanctions hitting iran at midnight we take a closer look at how iranians are trying to cope and hedge their risk one avenue to do so is by buying gold the wall street journal reports that as these sanctions which will ban gold trading with iran are set to take effect the precious metal is trading at record prices and to run that's into run after demand tripled to fifteen metric tons for the second quarter of twenty eight teen versus demand one year ago the journal's ciaran correspondent say an officially minted eight grand gold coin has doubled in price since the beginning of this year trading at forty five million ryall as last week the world group the world gold council reported last thursday that global gold trading with iran totaled sixty four point five tons in twenty

seventeen on the flip side the re our reportedly hit a record low earlier today in black markets where bloomberg says it's trading at one hundred twelve thousand dollars to the u.s. dollar and now we move to gold where we seem to be seeing more selling virgin connected to the strong u.s. dollar to start the week gold is near a twelve month low not to run but twelve month low here of about twelve. teen with futures down over seven dollars an ounce earlier today to help us out we are joined once again by peter schiff the c.e.o. of chief and chief global strategist at euro pacific capital peter so good to see you again we haven't had you on for a while but we appreciate you being with us a many folks we spoke about this before said that when rates went up gold would tank but that didn't happen at the beginning didn't happen for a while but now we see these lower prices is that because of the interest rates. i don't think so i think it's because of the collective delusion among investors around the world that the u.s.

economy is actually booming when it's not and the u.s. is going to win the trade war when it can't and so i think when reality rears its head i think gold prices are headed much higher right now they're just around a little bit above twelve hundred and i would imagine they'll be some pretty good support around this level well let me ask you about that and what are the components that could push gold up you talk about people really haven't gotten the full magnitude of what's going on in the economy we talk about the trades and the tariffs all the time here not just the rhetoric but the reality and that's really hard to quantify today but it won't be as time goes forward and we've spoken in the past peter about the tax cuts and how that might help or may not help the economy what are the key components that we should be looking at sort of the metrics that might push gold forward. well i think the economy was a bubble when trump was elected and he's managed to blow a little air back into it it probably would have already been deflating you know

your previous guest was going over all of the low unemployment numbers but they're just as fake now as they were when trump called out obama for touting the same statistics the labor force participation rate has imploded and so the reason that people are not officially unemployed is because they are not counted but they are not looking for work and the stock market is a bigger bubble now than it was when trump pointed it out as a candidate so i think as the economy rolls over because the tax cuts was a bit of an artificial stimulus but the larger deficits that the tax cuts produce will be a bigger drag on the economy than the temporary boost from the cuts because is this ingenuous to claim credit for cutting taxes when you simultaneously make government more expensive which is what donald trump did by signing bills to increase military spending and increase welfare spending we have

a bigger more expensive government now that taxpayers need to pay for and if they're not going to pay for it with income taxes they're going to do it with additional debt higher inflation higher consumer prices and that's what we're seeing consumer prices are rising rates are rising and those trends are going to continue and i think as the economy goes back into recession as it becomes obvious that we are going to lose the trade war because we are right now benefiting from the subsidies that foreign economies are extending to us by allowing us to buy what they produce on credit and when they stop doing that it's americans that are going to suffer and i think the dollar is going to collapse and of course once the dollar starts going down people will be rushing into gold. yeah that seems to make some sense and you are so correct i want to tip my hat to you about the tax cuts i mean you know i thought they were disproportionately spread out peter but you talked about how they weren't going to be much of a stimulus and i think you just used the phrase artificial there there's certainly

been proven to be used more than anything else for stock buybacks and that doesn't really go to help move the economy anyway we appreciate you joining us peter we hope you come back soon the c.e.o. in chief global strategist at euro pacific capital peter schiff thanks peter and any time. and that's it for this time thanks for watching catch boom bust on direct t.v. channel three twenty one or dish network channel two eighty or streaming twenty four seven on pluto t.v. that's the free t.v. at channel one thirty two or as always you can cash at youtube dot com slash boom bust r.t. will see you next time. the americans are still in shock they're still dealing with the psychological

damage of nine eleven they still need enemies they still unjustified they still are having troubles walking straight to you while the rest the world is leapfrogging it . seems wrong. just don't. let me. get to see. this day comes to connecticut and in detroit you close the trail. when something you find themselves pulls apart we choose to look for common ground . this is. the church secret indeed carefully priests accused of sexually abusing children can get away with it literally i like to call this the do graphic

solution. 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 so something that is as old as the eye and then i think you'll hear that it used to say out in. the street. it. was. the moment of.

the headlines here when asking international conservative activists in the united states by twitter after mimicking tweets targeting white posted by a new york times journalist. info is one of the most popular and most controversial alternative news sites has been on several social media platforms. the us re imposes sanctions on iran after quitting. a nuclear deal that's prompting the e.u. to take protective measures for european was working with tehran on the program we look back at how successful u.s. sanctions have been in the ponds. also on the program we speak to the son of

a jailed bahraini opposition figure who's going on a hunger strike because he claims his father is being denied life saving treatment . they thought. they were telling him that he denied a moment because he. let me get this in. the book even put it but. nine zero one tuesday morning here in moscow this is our international welcome to your program. if you post hateful comments talk getting jewish old black people on twitter you will likely be violating the social media platforms rules on conduct but it seems this policy works differently when it comes to near identical posts getting white people and this was revealed by an american activist who was suspended off the mimicking of the tweets of a new york times journalist

a kind of muppet explains candace owens she's from turning points usa conservative organization in the usa what she did was she took tweets from new york times journalist sarah job and simply replaced the words white with the words black or the word jewish the response of twitter was to shut down her account candace owens says that twitter was right to take down her posts and ban her for making hateful comments regarding black and jewish people she says however the outrage is that sarah johnson was not banned for making these comments about white people on the surface i actually agree with twitter's assessment i believe that what i said what i treated was wrong. not be able to tweet about any race or any group that you want them canceled that they should live underground i don't know why suddenly people think that white people are excluded from that scenario that people can't be racist towards white people when in fact they often are the problem with the new york

times essentially saying shinning her behavior is that they are signaling to the rest of the world that racism actually is ok as long as you pick the right race this was candice owens first statement to her followers after the ban twitter not only reinstated her account but actually apologized and said that it was a mistake for her to be banned now immediately there was a firestorm with people pointing to what they see as a double standard one of the words you go. tweets i'm replacing wants with blank i'm in tweets. i was double standard every time i see one of these i can't help substitute black for white can do so rude and stupid i will never understand the double standard why it's acceptable to so many now the wikipedia page of the new york times journalist is also in question now the page simply describes her as a journalist and has minimal contact regarding the controversy surrounding her

tweets it appears that there has now been added a small reference to it but these tweets the controversy surrounding them seems to be quite a big issue we could pedia seems to make efforts to minimize that so a lot of debate yet another example of how in the united states when it comes to issues of race and free speech and americans just don't see eye to eye the new york times issued a statement defending its decision to hire sarah jong they say she just used the same language as online harasses did to respond to them or following news of a suspension activist kind of owens was confronted on the street by and see just protesters. originally having breakfast with another conservative activist colleague when they were harassed by protesters the demonstrators could be seen shouting abuse as they crowded around police so you could see they were there to see. investigative

journalist dave lindorff says twitter's attempts to ban hate speech appear to have back. they didn't then one thing it banned another that was is just the substitution of words and they look really stupid for doing it so maybe they made a hash of it since the train so all the problem it made it worse they really need to think this through and add high jump in when there's a screaming match from one side or the other and they'll jump to try to stop it quickly with a stupid decision they need to really sit back think through policy and then operate according to a policy that is rational coherent and consistent and that hardly what they're doing right now. one of the most popular alternative news channels in four wars has

seen a major crackdown with facebook you tube apple and spotify been looking it's accounts and taking down its content all on the same day facebook explained the band as following we have taken it down for glory find violence and using dehumanizing language to describe people transgender muslims and immigrants which violates our hate speech policies. in four wars was launched by alex jones in the late one nine hundred ninety s. his you tube videos have been watched more than one point six billion times which is comparable to many popular western media outlets on the platform many have deemed him a pedalo of conspiracy theories and in a twenty fifteen interview to us channel donald trump praised his work people on social media have clashed over the bad i don't support alex jones or what info was produces he's not a conservative however banning him in his outlets is wrong it's not just a slippery slope it's a dangerous cliff the apple removing alex jones i'm in for worse isn't some

terrible form of censorship against conservatives he said sandy who wasn't real he's seeing parents from the school he said the holocaust wasn't real his not just a conservative he's a conspiracy theorist hurts people in for worse says it has been banned by a facebook for unspecified hate speech regardless of the facts in this case the ability of facebook to censor rival publishers is a global anti-trust problem. political commentator gina luden believes the decision could prove damaging for social media giants. whether or not you agree with alex jones i would be just the same amount of adamant that i think it's bad policy to ban people no matter what i mean it really no matter what i mean in the united states we have a concept of free speech that we love very much it means a lot to us now these are private companies they can do what they want to do i'm not saying they shouldn't be able to do this and i'm certainly not saying that

government should regulate whether or not private companies can make decisions like this but i am saying i think it's a bad decision and i think that in the long run it will not pay off for these companies it is it extremely slippery slope i do believe ultimately that probably some conservative it's a t. will come up with competitive platforms for the ones that are doing the banning and the censoring and ultimately they will have stiff competition that may even relegate them to relative obscurity because of things like this especially if they remain so one sided. u.s. sanctions against iran which have just come into force have seen a spike in oil prices with analysts predicting the awful trend will continue and with the u.s. preparing to impose yet more sanctions the e.u. iran's second largest trading partner has shown that it's ready to protect european companies doing business with tehran. we are determined to protect european

economic operators in gauged in legitimate business with iran this is why european union's updated blocking statute enters into force on the seventh of august to protect e.u. companies doing legitimate business with iran from dean pact of u.s. extraterritorial sanctions the first round of sanctions prohibits iran from using american currency and put restrictions on trading precious metals it also includes limiting iranian currency florence as well as constraints on the car trade a similar car looks at the kind of impact u.s. signed sions have had in the past. the trumpet ministration has imposed so we think things should only run with the goal of her tail and so-called iranian aggression and blocking all paths to iranian nuclear radiation now the outcome of such a move is hard to predict but from what we've seen so far unilateral u.s. sanctions are rarely successful but that certainly wasn't for lack of trying the

department of treasury is sanctioning turkey's minister of justice of the united states has issued sanctions on the russian oligarchs we will enforce the ban on tourism of the united states will stand idly by as venezuela crumbles we will enforce the embargo but the question is are sanctions affected let's take turkey the u.s. announced it would be sanctioning turkish officials over on crowe's detainment of an american pastor turkey didn't respond so highly you know some of those shown patience but the step america has taken does not with it's a step taken towards a strategic partner in america has shown serious disrespect towards turkey as you can guess the pastor is yet to be released but what about russia the u.s. has imposed round after round of sanctions against moscow but have any demands been met now even some russia hardliners have admitted that previous sanctions against moscow have been ineffective the current sanctions regime has for you to.