plus the national retail federation has some new optimistic projections for the remainder of the year steve walford help to take a look at that and at what your company should be doing well with regard to going back to school we'll be right back after that.

because. we have no idea what safe is doing on a vacation but she will be back on it in september. the way to the united states is dangerous for most of the illegal immigrants. just as there was a simple i want to become a trend i've done the last post on this topic but i have many of them look for refuge in the so called sentry science address to use the information about undocumented migrants with federal authorities and the best person to ask than.

this little boy and the best i got i mean a lot of class and what about. what are the options to stay in the country with donald trump in the white house along with other political rivals. both of you what if he had to be that to be. a say if it's going to have any type of loan. deal with the push to put in those both of you that puts it up to the pulse of the. welcome back or growing tangle of terrorists tween the u.s. and china may increase to force some fundamental shift in the energy market last week china threatened to include ellen g. from the us among the product products targeted by new tariffs on a basket of roughly sixty billion dollars worth of u.s. imports in recent years the u.s.

has written a surge of domestic natural gas production to gain ground on top l. and g. competitors including kadar malaysia australia the international energy agency says china will become the top global importer of l n g path next year pushing past south korea and japan while experts say a twenty five percent tariff could make u.s. elegy uncompetitive in the chinese market much of china's future consumption is already contracted for delivery but future and long term contracts will be impacted meanwhile some analysts are also gaming out a scenario in which we can chinese demand dragged down. the price of oil and many attribute the recent weakness in oil to u.s. china tensions brant crude recent fall of nearly seven percent closely followed last week chinese retaliation will dig into oil on the next program with raji corner of simpler trading can't wait for that. and updating a story we touched on at the end of last week turkey's financial drama continues to roil markets and policymakers in regulators abroad are increasingly concerned the

financial times reports that the european central bank the e.c.b. is specifically concerned that european banks may have collateral exposure in turkey while the e.c.b. staff operating the single supervisory mechanism which looks out for such risks a turkey is not yet in crisis they clearly signal that investors should take a careful second or even third look at their turkish portfolio carson brad ski chief economist at i n g characterize the current risk the european markets are still extremely nervous and we saw that the of the euro exchange rate dropped for there will be no one fourteen this morning so therefore it really can see there is nervousness there is uncertainty and and investors always associate europe closely with turkey. and the turkish lira fell sharply again today the turkish currency is down forty five percent this year along. and checking in on the u.s. economy new data shows inflation is now at the highest level since two thousand and

eight there was a two point nine percent year over year increase in c.p.i. that's the consumer price information for inflation rather for the second quarter with two point four in the so-called horror inflation rate that sets aside the effects of food and energy prices some analysts say inflation is nowhere to go but up given some recent mild upticks in wages others point out that those wage increases have been small and point to recent waning in the price of oil in any case the u.s. federal reserve seems likely to meet market expectations of two additional interest rate hikes still this year. is a stock market correction around the corner we now as the c.e.o. of the stock was armed with a thank you for joining us as always great to be with you in person too so let's look at last year was

a gangbuster your stocks and this year has been pretty good so far to set the stage where where are we sort of historically with stock markets the last couple years last year to him well last year in two thousand and seventeen a really ever since trump was elected in november twenty sixth in the market just flow if you had bought the market right after the election day and in it you would be up a huge amount almost forty percent towards the end of twenty seventeen now this year we've been a sideways range most of the year however we've been holding the up trend i think two thousand and seventeen was an anomaly it's very unusual to have a market that power trends for twelve months straight but that is what the market did now we're coming into this period here we're in earnings season now in the summer months so there's a lot of stocks big names that are reporting that could continue the market higher i don't see a correction that setting up anytime soon however there are so many things going on right now in the world and specifically the tower of star trade wars that are happening that is something that could derail the market for the end of two

thousand eight hundred but as of right now everything looks great let me ask you about that so when you look at individual stocks in the look at the trade wars and people or pointing to you know boeing aircraft john deere caterpillar except trucks and they've had some ups and downs although boeing seems to be dismissing it but what stocks are they absent those that we see we might look at and say wait a minute there's some greater impact to the trade wars that we're seeing other than the stocks which you might expect like i did right will boeing had earnings and that drop in the earnings. general motors had earnings trucked in the earnings so you have some of these companies that do business overseas said and that's affected the stocks not moving as fast or quick hire maybe as they what but there are still many of these like boeing is still in the not trying so these stocks really when you look at them are good buys i don't know if i'd buy them here because i don't know what the long term effects are going to be at the terrace that's the thing right now we're in this wait and see period where it's

a temperate time and we're trying to find out if this is going to stick all of these times or if they're going to be lifted and it's going to be a no tyrus everywhere between every country which is what trends trying to do so nobody really knows i would say right now try to stick stay away from stocks that could be affected potentially don't go along stocks that could have a potential sack with a tyrus stocks like netflix something like that amazon companies like that that are just strong the tech stocks that sector those are good buys right now because i don't really see anything fundamentally changing or totally changing with those stocks even if the tariff stick around for another six to twelve months and if we look at some companies like a wal-mart for example or you look at companies that are out there like dollar general or the dollar store that really rely on a lot of chinese goods imported chinese goods into the states are those that other place where we would look and say wait a minute they are starting to have an impact are there any other things that you might look at to see whether or not you know consumer sort of business investment

to see whether or not these trade tariff tips if the if you will are starting to have an impact well right now like i said not really but what's going to happen is they may have to go and start buying american and that's the whole thing that's one of the things that was pushing to buy american buy american now will that will that mean that consumers pay more if they buy something online at wal-mart that wal-mart normally bought from outside of the states they might they might so that wal-mart as a company will have to do things then to to come back those price increases so i think i think it's too soon to say it's only been a couple months it seems like it's been going on longer than it has with these tires but. really not even the entire march was the when this really did it they started going to do. with you see employed it's been it's right a hard day's night let me ask you one question before we go you're don't see a correction coming so people out there investors are skittish if you're going to take a risk adverse strategy what sort of things might you get more of them well i would

just if you don't want to be in the market if you don't want to be in the market long term if you don't to be in the market off you're totally risk averse then take your money out of the market and just put in a certificate of deposit at the bank that's the safest place you could put it because of f.d.i.c insurance and u.s. banks but as far as risk goes long term your retirement plans i think the market is going to continue higher even if we would have a correction worst case scenario this town goes on goes into two thousand one thousand and we have some kind of big drop off towards the end of this year and the beginning of next year worst case scenario long term the market is still holding the uptrend and even my technical analysis member i look at charts i have followed the charts i'm reading gaps in the market ten percent when you can be a correction it would be have to be twenty twenty five percent down to be a full on change in trend in the market and i just think that's a very low chance of that happening if we dropped off ten percent we did that actually earlier did earlier than that we did then if we were twenty two or twenty

three year over year that's right and so because we've based in this range from february really until now we've been in this range up and down up and down up and down because we've been in that range that's not enough that we could even just move higher and explode so that kind of was the correction if you want to look at it technically if we drop off past that point and make it more than ten percent then i'd say be worried but again i don't see that happening i just i just would be shocked if that would happen companies are strong companies are strong even the stocks that are that are not reporting what you would expect on the earnings are still holding for the most part there's only some sectors that having trouble you know the automobile industry some trouble there. which again has to do with the tires that could be problematic and also you have retail some retail stocks are struggling but cheap but you have got a lot of times up until the point of black friday towards the end of the year when the sales get big we so much appreciate your advice always very interesting it's great to be with you about thank you melissa for the c.e.o. of the stocks which thanks. and there are new retail

projections out from the national retail federation which suggest sales and twenty eight thousand are now forecast to increase more than expected previously the federation set a high end would be four point four percent increase this year but now they are projecting a four point five percent increase at least here discussions to serve t.v. and radio commentator steve malzberg steve thanks for being with us this is really good news right. you know yeah it is really good news in fact i believe it is in the first half of two thousand and eighteen we're up four point eight percent over the first half of two thousand and seventeen and there are so many reasons for it i mean they credit the tax cuts they credit of course the low unemployment numbers people are working they have disposable income household that worth net worth is up consumer confidence is up so all the ingredients are there of course people could be a little fearful of the fact when inflation and the mentioned afore mentioned in your last segment trade wars which are real but there's so many good economic factors

out there that it has the the industry very very excited yeah absolutely couldn't couldn't agree with you more hesitant because i just feel like there's another shoe to drop here sometime i hope i'm wrong steve i want to talk about something we've talked about off line i want talk about specific stocks and companies back to school but i want to mention something because i think our boom busters might enjoy it a couple of years ago i learned about something called all men act analytics and what that is is that you look at algorithmic trading not the high speed trading but computer trading that that takes for example a company like meade paper or somebody of that every time this year it's back to school time would uptick in sales and they're there for stocks and they do this sort of thing this allman at analytics for all day every day of the year and they can go back and spar as you you want so i'm curious steve what are the big companies when we talk about back to school sales what are the big companies that

should be making moves now well you have for amazon prime started its amazon give its prime day a little earlier start in the in the month of july and back to school sales have just skyrocketed and stores like j.c. penney and target and kohl's i mean they've benefit of a lot from these sales and you know this when you talk about the billions of dollars that. this industry brings in we're talking about eighty three billion twenty seven billion in k. to twelve grade and then fifty five billion in college student spending as they head back to school and you know i never would have guessed this i would have thought school supplies electronics would head the list but it's actually clothing and accessories part that and that amazed me so that's great you know for that as an avenue of retail as well then you have of course the electronics and then you have notebooks and more classic school supplies that you and i would consider

school supplies but it's those stores are doing well and the last year back to school also did very well and people are going to the stores again you might expect that people are sitting on line and ordering these things but eighty percent of people say they're going to go visit the stores and they're talking about the mass producers not necessarily the dollar value stores so the big stores are getting their heads and the billions are rolling in and it's that time of year people are starting earlier two thirds of the people will have started and mostly completed their back to school shopping prior to august so those numbers have been rolling in for quite some time while i get the only reason i could think that you're really going to the stories as you do want to ensure that these clothes fit you don't want to show up on a first day of school with you know flooded pants or up high or something spoken like of the fashionistas that i know you and i are what should we be looking for steve with regard to these new projections on retail sales what things data may be

coming up should be looking at. well lou of baton and of michael kors the high end retailers have done better than expected those are in already when you're talking about the second quarter profits but this is a big week for retail you're going to have tons of stores and companies announcing their numbers and the industry not only the industry but adolescent very bullish on what we could expect this week now look at macy's they're very bullish on macy's which hit its low last november and it's been rising ever since so macy's is expected to do very well and that's a key to look to this week we also have wal-mart that we could look to this week and the home depot is another key company and again the independent analysts are very bullish on what these numbers are going to show us top line bottom line and that's that's just great news for the economy more good news for the economy but we'll keep our fingers crossed as always conservative t.v.

and radio commentator steve malzberg thanks steve thank you bart and that's it for this time you can catch boom bust on direct t.v. channel three twenty one dish network channel two a day or streaming twenty four seven on pluto t.v. the free t.v. application channel one thirty two or as always catches at youtube dot com slash boom bust r t we'll catch you next time please. america was never great was founded on the rape in the murder. nothing changed so we said all response to these situations that we do in the ways.

people get sad every day she is just sad people kill each other blood for killing children. there was just no way that people are going to just sit back and allow children to be shot down law enforcement. this country doesn't work for us it doesn't function for us. this is can't be happening in america we call from the streets we've got to deal with why this is the reason i have to rat like this is the reason. you know world's big partners through a lot and conspiracy it's time to wade 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. when a loved one is murdered it's natural to seek the death penalty for the murder i would prefer and it means to live the death penalty just because they think that's an american thing the right thing research shows that for every nine executions one convict is found innocent the idea that we were executing innocent people was terrifying. there's just no way that doesn't mean that we're even many of the families want the death penalty to be abolished the reason we have to get down here is because that's what murder victims' families want that's going to give them peace that's going to give them justice and we come in and say. this isn't the way.

twitter is it fake news fail the social network is accused of posting this information as it is revealed funds diverted from our t.v. ad revenue encouraging false stories about the so-called russian box. washington gets the cold shoulder for imposing sanctions on middle eastern nations with iran saying there will be no negotiations with us and turkey likewise condemning its nato ally put together in nato and then you seek to stop your strategic partner in the back. of newly declassified cables reveal cia director general has balls past involvement in the agency's torture program giving gruesome details.

of broadcasting live from our studios in moscow this is our international feeling glad to have you with us twitter's fake news crusade seems to have backfired it has emerged that funds diverted from ad revenue earned from our t.v. before we were banned from advertising on the site actually boosted the spread of false stories about supposed and russian bots in france. or went over the details earlier with you know neil. it all started with twitter's anti dissent from ation campaign and that was where it funded research organizations to collect fake to collect information on fake news outlets and one of these in for one of these organizations was belgian ngo disinfo lab following when you pollutions during the twenty sixteen u.s. campaign which involved the purchase of commercials by russia today in sputnik to be committed to redistribute the one point nine million dollars to organizations fighting this information. received one hundred twenty five thousand dollars in

january twenty. second january what i've been doing with them although they come up with sits well they formed a list of twitter users which who are writing a lot about what was called the but now a case and that was one french president macron his bodyguard was labeled a so-called rusa file now these users were also branded groups of files and some high profile people on the list didn't take too kindly to that hey stupid spook i'm not a russian but it's just me who tweets against you if you need to leave me to remember is that you are even dumber than you look so i number one four four five two. purchased ration number one four eight zero two database censorship manipulation of information the secret service nice new world but then how did the story of a kremlin twitter plot against the money will appear which it did how did that come about well the mainstream media took this to

a whole new level there were people talking about a russian plot and even disinfo lab itself was surprised at this interpretation we did not modify the conclusions of our study a lot of media reported that we studied and identified that there had been russian meddling that the russian state orchestrated interference in the banal a scandal we never said this the fact that lawmakers all the government spokesperson immediately exploded this for political ends created this sort of hype that was never the object of our study but here's the kicker our team paid twitter one point nine million dollars for advertising and ironically after they blocked our team and sputnik from advertising on twitter part of that money was used to fund this disinfo lab research project and now this research is being used by the mainstream media to slander russia itself. iran's supreme leader has rejected a holding talks with the us following president trump's offer of

a meeting to improve bilateral ties. negotiations with a highly demanding regime and a bullying one like the us are not a tool to decrease hostility goshi ation is not a tool to lessen hostilities with the us but negotiation is a tool in their hands to impose hostility. and the bluntly worded tweet ayatollah khomeini railed at u.s. officials comments about iran and for mentioning talk of war to which the ayatollah stated there will be neither war nor negotiations relations have been increasingly strained for months since the us re imposed sanctions now those have been suspended as part of the two thousand and fifteen nuclear deal which the us withdrew from in may now under the new us sanctions iran barred is barred from buying american dollars and also from trading in metals specifically silver and gold besides that

it limits the overall flow of iranian currency and targets the country's auto industry as well ahead of imposing sanctions on iran and trump threatened dire consequences only to backtrack well days later offering an olive branch of sorts. so iranian president rouhani never ever threaten the united states again or you will suffer consequences the likes of which few throughout history have ever suffered before we are no longer a country that will stand for your demented words of violence and death be cautious so i believe in meeting i would certainly meet with iran if they wanted to meet i don't know that they're ready yet the preconditions know they want to meet only anytime they want. to emphasize iran there is also anger at the united states from neighboring turkey whose president has described a new hefty trade tariffs against a fellow nato ally as a breach of trust who taught the cities that you act on one side as a strategic partner but on the other you five bullets into the foot of your

strategic partner we're together in nato and then you seek to stab your strategic partner in the back. the terraces lived on turkey come in the wake of a dispute over the detention of an american pastor aluminum duties have been raised to twenty percent while turkish steel is now subjected to a fifty percent increase to terror and has sent the turkish lira plummeting in value hitting a record low against the u.s. dollar turkish stocks have tumbled as well we heard from political experts in ankara and tehran for their take on the u.s. penalties. not only in by literal but also in the context of nato and we have a crisis probably continue to increase and the reaction is the very strong public in turkey is under. the do consider this as an act it gives the turkish national interest and it is considered as an economic war

where the american money play to the economy this type of crisis between america and turkey will have further consequences for the original global development i think donald trump. playing with fire there when trump behaves like that towards towards turkey then obviously iranian leaders say that. talking to trump is useless when trump speaks about negotiating with the iranians the iranians say well first. show that you are committed to a peaceful solution and show that you are prepared to abide by american commitments and then we can start thinking about the notion of negotiation one day threatened iran with. death and destruction and a few days later he speaks about unconditional talks his secretary of state state

says one thing he says something else so he's reliable he's untrustworthy he's an erratic and he's not someone that the iranians can deal with. new revelations have emerged on cia director gina has passed involvement in the torture of terror suspects the files were released by the national security archive and dated back to two thousand and two when haskell ran a secret cia detention center in a thailand and they describe torture sessions are run by psychologists working as contractors for the cia techniques ranged from physical abuse. and psychological harassment to isolation in a box. dittos included hooded confinement of machinery in the large box forced nudity adjusting his shackles and slamming him against the wall and. interrogators covered the subjects head with the hoods and left him on the wall to. shaking and asking god to help him repeatedly. interrogators were going to get the truth out of

the subject eventually. twelve years are the details on the interrogation of an al qaeda terrorist captured in two thousand and two he spent four years in cia black sites including one in thailand undergoing a house bills watch he was subsequently transferred to guantanamo bay where he is now his case was highlighted back in two thousand and fourteen by the senate intelligence committee the committee released a report saying interrogators had obtained no useful information from him all nashiri however when questioned by the senate before taking office asked one system that intelligence gained from al qaeda suspects had proved vital the president has asserted that torture works do you agree with that statement. senator i i don't believe that torture works i believe as many people directors who have sat in this chair before me that valuable information was obtained from senior al qaeda

operatives that allowed us to defend this country and prevent another attack former cia officer ray mcgovern war crimes were perpetrated at the black site in thailand . gina hasbro was not was playing fast and loose with the truth at her hearing and she was allowed to do that if she was allowed to classify the gerakan tori information on herself before the hearing she supervised the torture to see the graphic and detail here on terror walling that's nothing short of banging someone's head into a wall in the water treatment that's waterboarding condemned by all manner of nations because it was practiced by the japanese general whites who want crime and so to see this kind of thing revealed in gory detail the only solace i get from this is the fact that our system of law sometimes works.