yes 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 the 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 you're 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 natasha's tweet 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 to think that the 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 a net 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 mess of a 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 to the hamburger giant only. 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 we are right back.

we have no idea what so if he's doing on vacation but she will be back on it in september. i'm going with a post to some of this. but i. just love it. last time we chased. each one of them carrying twenty kilos of drugs.

first offense. then they just stepped right through. is it through i mean. this is for me. it was. i don't know maybe it'll make or. break. for now well. you know world big partisan movies. and conspiracies it's time to wait to dig deeper to hit the stories that mainstream media refuses to tell more than ever we need to be smarter we need to stop slamming the door on the back and

shouting past each other it's time for critical thinking it's time to fight for the middle for the truth the time is now for watching closely watching the hawks. 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 spectrum 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 corp 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 export or mr big cali was in addis ababa for an announced press conference addressing project delays leading to anguish suspicion and speculation across the of the o.p.'s to why mr 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 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 is always manufacturing a hit 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 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 and as they're teenagers have the highest unemployment rate so 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 there at 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. you know we've reported here that there are currently more jobs available to people seeking work but of course there's that pesky skills gap and that people looking for work don't have the actual record of 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 is it is 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. and turning back to the u.s. sanctions hitting iran it 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 to run 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 there a twelve month low not to run but twelve month low here of about twelve. t.n. 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 and 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 they are 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 the 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 t.v. that's a free t.v. at channel one thirty two or as always you can cache at youtube dot com slash boom bust r.t.

will see it next time. welcome to max kaiser it is a survival guide. looking forward to your sense of the. yanks this is what happens to pensions in britain delicacy you watch kaiser report. first. of all those. georgia shows don't google so diageo other list first thanks. to my how my custom. student eleven to tell you.

the first. nearly. eight grades you to name it to most bridget does. some of the sheen young girl thought i was going to write. a new chin one must look at it. for me that's. the weirdest bit surreal. but they were. fortunate in that what. we've heard. this morning will smile or laugh. but holds a sense to you chandrika. they put themselves on the line they get accepted over checked. so when you want to be president. or some want to be preached.

that you'd like to be for us this is what. treatable can't be good that i'm interested always in the waters about how. this should. twitter is accused of double standards after bonding an activist for offensive comments against blacks even though i didn't do tweets against whites went. in for was one of the most popular controversial turns of news websites has been found by living social media platforms to what they call hate speech. and out of a visit by the international chemical weapons watch though to the english town of amesbury next week the media continues to speculate on the poisoning case claiming u.k. has asked russia to extradite suspects.

giving thanks for joining us this is all to. change the word want to black or jewish and you could find yourself in trouble on twitter one conservative activist in the united states confirmed she tried to highlight the platform's alleged double standards at more than a story candace she's from turning points usa conservative organization in the usa what she did was she took tweets from new york times journalist sarah jong 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 post and ban her from 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 when i tweeted was wrong you should not be able to tweet about any race or any group that you want and canceled that they should live underground i don't know why suddenly people think that white people are. looted 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 cooper. tweet i'm replacing

wants with blank i'm in tweets of bones the twelve hours double standard every time i see one of these i can't help substitute black for white can't is so stupid i will never understand the double standards 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 content 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 a chunk it said that she had simply used the same language as online russ's that to

respond to them also herself said that they were meant to be satirical news of a trip to suspension activists candice owens was confronted on the street and to protest. owens was having breakfast with another conservative and to the scully quinn i were harassed by protesters demonstrators could be shouting abuse as they crowded round placed me on to the same. investigative journalist dave lindorff believes that if this is the way twitter tackles hate speech it's not working. then one thing they've been 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 to try and solve the problem that made it worse they really need to think this through and. jump in when there's

a screaming match from one side or the other and they'll jump 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 online alternative news channels in four walls is been subject to a major crackdown with facebook cheap apple and spotify blocking its accounts and taking down its content all on the same day as our facebook explain the move we've taken it down for glorifying violence and using dehumanizing language to describe people who are transgender muslims and immigrants which violates our hate speech policies in false was launched by alex jones in the late ninety's c c two videos have been watched more than one point six billion times many of deemed him a peddler of conspiracy theories and turned fifteen donald trump appeared on the

channel in praise jones's work while people on social media have clashed over the man. i don't support alex jones or what in four wars 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 apple removing alex jones him in for worse isn't some terrible form of censorship against conservatives he said sandy hook wasn't real he's seeing parents from the school he said the holocaust wasn't real his not just a conservative is a conspiracy theorist hurts people in four wars it has been banned by facebook for and specified hate speech regardless of the facts in this case there bill it's a face book to censor rival publishers is a global anti trust problem. it will come to the loud and blues that 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 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 an extremely slippery slope i do believe ultimately that probably some conservative it 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 oil prices spike

with analysts predicting returned will continue with the u.s. preparing yet more sanctions the e.u. around second largest trading partner has shown that it's ready to protect european companies doing business with iran we are determined to protect european economic operators in legitimate business with iran this is why your opinions updated blocking statute enters into force under seven of august to protect e.u. companies doing legitimate business with iran from the impact of u.s. extraterritorial sanctions we believe that it is and it has to be up to. the europeans in this case to decide with home to trade. the first round of sanctions prohibits around from using the u.s. dollar and restricts trading in precious metals it also includes limiting iranian currency flows as well as constraints on the car trade former u.s.

congressman ron paul believes that the new sanctions might harm washington's economic upper hand. one problem is that the united states is still pretty powerful they have the currency for the reserve currency of the world powerful currency powerful military a lot of wealth and we can throw our weight around so even if the europeans feel put upon and attacked by these sanctions that we put on iran i think they they need to get some backbone bush see shortly whether the europeans stick to their guns if they back down then they're going to be you know around for a while but if they stick to their guns i think the united states would have to adjust their policies a bit because how are they going to enforce that you know if china and russia and other countries and if they do business with iran what are we going to put more sanctions on russia you know we continue to do that but eventually that runs out of steam the other countries are going to not tolerate what we have done. now

understand the still not been any proof presented public publicly at least of the russian attacks on u.s. democracy that we used to justify the sanctions bill how does that would how is it being perceived by the warmongers the people who want sanctions that they're really in charge with our media and they have really basic control you know in the congress just out of the clear blue they have no evidence whatsoever of their charges that they have made and you know i look at the world like none of us are perfect all the countries have their shortcomings but i think the responsibility for short commons a should be their own country this idea of just blaming other countries and it's all somebody else's fault and what we have to do is put on sanctions and then when they retaliate we think oh the world's coming to an end they don't have a right to do that we have to punish them i mean it's a very very bad form.