to work more directly with the artist or the record labels concerned artist the toughest week gives us the latest plus with the u.s. china trade war entering a critical countdown to agriculture remains one sector already feeling some pain as a trade deal with china seems doubtful in the short term right call the author of the bargain joins us to discuss and there's new research on the road bought explain the world economic forum and argues rachel blevins looks at our global robotics future do some fear the robot all that ahead but first let's get some headlines. online retail giant amazon the world's second largest company owned by are the richest person in human history jeff bezos is accusing employees of leaking information from inside the company to competitors according to the wall street journal which first reported the allegations amazon executives say they are most concerned about leaks of basic sales information as well as email addresses for people who left product reviews on amazon shopping site particularly in china

amazon suspects product vendors of seeking to gain a advantage by manipulating reviews including bing mid-level amazon employees to remove negative reviews of their wares the going rate for deletion of a bad review is said to be three hundred dollars with a five dollar deletion minimum sounds like an organized racket to me amazon stock was down on the news perhaps a company might now consider responding to critics of wages and workplace safety practices if only to boost employee morale enough to plug some of those leaks. and two big stories we touched on last week are still moving markets from opposite ends of our quickly warming world and asia typhoon is dispersing across the south china sea having killed at least sixty nine people in the philippines many of those deaths occurred in a landslide that hit an illegal gold mine. camp in the village of the u.

cab on the main island of luzon the mayor of the closest town says forty to fifty miners and their families were sheltering inside a chapel for gosh sakes inside a chapel when it was being completely buried in mud the filipino environment minister announced that he will begin to enforce the mining law in six provinces to prevent further loss of life never too late to close the barn door once the horse is out i suppose and in the us the latest count in that formerly hurricane florence has taken the lives of twenty three people and left over half a million homes without power most of those homes rely on duke energy which said it has already reached or restored service to millions of homes but reconnecting everyone could take weeks. and royal dutch shell is the latest in the large energy sector oil oil companies to announce that they will work to abide by methane emissions reductions targets in addition to carbon dioxide methane is one of the

key culprits associated with global warming today's announcement says that shell will limit emissions to point two percent of their total oil and gas production by twenty twenty five methane in particular is a significant part of natural gas and it frequently escapes into the air from the energy infrastructure such as wells pipes storage tanks and processing plants shell joins a growing list of oil related companies to make such commitments others include exxon mobil british petroleum and tow tal. and for more on oil and energy we're turning to our friend rocky horner of simpler trading who joins us from beautiful and sunny fort lauderdale not like that all over thanks for being with us as always and we are seeing these energy companies like shell and others moving to reduce emissions methane and in this case i'd like to think that it's in order to save the planet shift on global warming but there's got to be more than just public

relations to it is that their miserable business case to be made here. great to see you thanks for having me back the business case for reducing methane i'm with you on that one you know i raise and i'm a skeptic on one hand i believe these companies are really just trying to parent themselves are trying to keep from the a.p.i. and these companies are saying look we regulate ourselves the interior department of interior the. e.p.a. you don't have to step in but the funny thing is on the flip side is conversation both the interior and the e.p.a. are actually lighting up some of these types of rules that would keep those methane levels that point zero to so it is interesting i think they're trying to keep themselves regulated but at the same time the regulations on them are actually becoming less at least accept less with proposed right now and some of the diversification in these oil companies into more you know environmentally friendly

energy sources whether it's solar or what have you i mean is that a trend that we continue to see and i assume that's just good business for some of these big companies. it's good p.r. is good business of course at diversification too i see them moving significantly away from hydrocarbon probably not we are seeing more movement into natural gas and and if we could move a lot of the natural gas of the u.s. over into europe say mainly germany and you know really we're having to compete with the natural gas coming out of russia that's that's a big battleground in terms of where the u.s. wants to stake their claim with a lot of our exports but i believe right now it's still really on the surface it's nothing that's going to unseat their reliance on hydrocarbons or natural gas for that matter well we want to we want to call them out when it's just p.r. stuff i think you're probably really correct i thought about it too much on the avoiding some some sort of regulation that also makes sense to rocky i noticed

story another story over the weekend that. china for the first time since two thousand and fifteen is increased their oil output and year over year in august and the same thing with nat gas up almost six percent help us sort of put china's energy portfolio into perspective what do they use how much they use anybody is bed to beijing know there's a lot of coal over there because it's still well have been there a while but still smog is all get out. third largest you are right about that so third largest coal and they river they rely on coal i mean i believe the ambition is for by twenty fifteen to be less reliant on coal and moving into a lot of the right now i think they've they're really working on hydro power they do have some when they do want to rely more on a natural gas and crude oil but right now it's mostly i believe seventy percent coal reliance and it's because they have so much it makes perfect sense but you're right i mean there's that there's

a serious pollution issue what we're also seeing is that china is going to have to deal with these november for sanctions and whether or not they're really going to reduce purchases from iran i think china is in the same boat that india is where the u.s. state department said we want purchases as zero percent to zero and i don't see them producing more than a very small percentage of their purchases from iran india can't and china with the current lation ship with the u.s. probably won't so it makes a lot of sense that they're upping their own production and it's something that they've been wanting to do and now they've got a heck of a reason to do it thank you and love to have me back to talk about that a little bit more of course we have some time before the november deadline where the sanction is going to place but mr one mother thing and we are running out of time but talk a little bit about conflict in the middle east you know the saudis and yemen and iran's with the rebels and does this have an impact on production either in yemen or in syria of any significant consequences as far as oil prices are concerned.

when i look at that area i mean right now you're looking at one of the most poverty stricken countries in yemen right now it's a humanitarian crisis i don't believe it's an energy crisis and this is just a layover that goes back years even to the previous administration here in the u.s. where at a time where the u.s. and saudi relationships are probably not the best the u.s. decided ok well we'll kind of go along with what's happening in yemen i think a lot of that really is again it's a shameful humanitarian situation. but on the other side of that coin is you know we're looking at a lot of terrorist activity so it really is a political hot potato right now in yemen when it comes to syria it's really it's geography red sea control it's really going to be about certain you know certain routes by which things that say the u.s. needs are things that are to be ratted to the other part to other parts the world it's really a geographical play on the red sea and that's the way i see it right now are we going to see any impact from crude i don't know that the market can see past iran i

don't know if the market can see past the reduction in the us of one hundred thousand barrels per day and basically the i.a.e.a. has said we're going to be at about one hundred million barrels per day demand so it's really not that it's really not a supply issue it's whether or not we are going to be concerned about demand going into twenty nineteen so helpful really really important information for us to rocky horror the currencies of futures expert at simpler trading thanks it thank you thank you. and catching up with the music industry with warner music group has agreed to purchase german based online retailer e.m.p. for one hundred eighty million dollars from sycamore partners which is a private equity firm in new york t. shirts featuring featuring musical acts are stable product building at the magic

and commercial highly with warners recorded music catalog but analysts say the sense of founding in one nine hundred eighty six the so-called taylor has definitely made itself a name in operating many sites across eighteen different countries and moving big numbers of branded item from several other realms of us pop culture including movies and pro sports to attain the elusive status that experts call a lifestyle brand m.p.'s business model also fits well with the increasing proportion of merchandise sales within the revenue stream for both record companies and artist sales at warner in-house merchandise unit were up five percent for twenty seventeen to three hundred eighty five million dollars. and speaking of music and the record labels like warner the swedish music streaming company spotify is trying to reengineer its business model with to work more directly with artists global music revenue is currently at a ten year high lease near

a ten year i have seventeen billion dollars should the record labels be concerned about spotify archer's the social suite gives us a latest from los angeles spotify worth thirty four billion is working with independent artists to help them pocket more of their world see it however some of the major music labels are exactly thrilled about getting shut out of the deal sony universal and warner control roughly eighty percent of the music business but it might not be that way forever over the past year spotify has signed deals with a few independent artists bypassing record labels altogether the modest deals allow the artist on to spotify is streaming platform the way it works now spawn if i pays a record label briefly fifty percent of the revenue generated by each stream the label then pays the artist anywhere from fifteen to fifty percent in realties from their cut but now a direct deal with spotify will leave out the so-called middleman giving artists the entire pan out but the big benefits for artists who still do work respond if i

isn't just a bigger financial gain they also have ownership to their recordings so the artists are free to also license their songs to other streaming services like amazon and apple music it's a deal that industry insiders say the big record companies are frowning upon the question is could these types of deals change the nature of the music business really hoping that it's going to be another disruptor jackie jordan media trainer and c.e.o. of the guess perts says she recalls when napster completely rocked the music industry in a good way and says spotify is move could have a similar effect so the spotify deal is really fascinating because there blight only adds. catering for the independent no patience tottenham boss and student loans a fund is up and his cards in the fund. you know world is a big part of who lives and conspiracy it's time to wake up to dig deeper

to hit the stories that mainstream media refuses to tell us more than ever we need to be smarter we need to stop slamming the door on the 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 washing clothes for watching the hawks. well back we previously covered the battle for market share in the developing right ailing sector in asia where two big names in d.d. have been fighting for an even bigger market with eventually pulling out of that land war but in africa a company some may have never even known about is outpacing those large well funded foreign competitors and they're doing it on the back of

a bike that's motorcycles tax a fire started up five years ago in a stony and turned heads in may when eight hundred seventy five million dollars funding round pushed the so-called unicorn above one billion dollars in market valuation investors including dimer chrysler and tax a pfizer rival d.v.d. were also him in the mix tax the fight now claims to have two point one million two point four million users in six countries in africa where it operates versus what worsens point three million for in those same six nations texas i also recently announced plans to compete with established vendor bird and one i am in the urban scooter rental market in. europe under the brand name bolt. and the daytime drama of u.s. president donald trump's global trade crusade started before dawn today in the u.s. at three eleven am mr trump used twitter to repeat a threat to impose sanctions on billions of dollars in chinese exports to the u.s.

as well as to minimize the effects of cost increases from tariffs and related tensions this time the familiar threat could do more damage because chinese authorities have signaled through media reports that if the u.s. finally pulls the trigger they will not attend trade talks scheduled for next week and the rest of the month a number of sources perhaps most notably reuters have reported that mr trump plans to press ahead as a proverbial bull in the china shop or in china's shop or other if you will with ten percent duties on a basket of two hundred million dollars worth of chinese goods the announcement could be imminent. one of the cabinet secretaries in the trumpet ministration has had a fairly low profile that is up until now secretary of agriculture sonny perdue has had an increasingly tough row to hoe in rural america as the trade war tit for tat with china of the european union plus canada and mexico continue the secretary's

admitted visited forty two states on somewhat of a goodwill tour and he may have spread a lot of that goodwill but with the trays tensions increasing it's tougher sell now it is here to discuss is the author of bet the farm fred kaufman fred thank you so much for being with your great to be with us a lot of rural america was trump country back in two thousand and sixteen election and a lot of rural americans consist of farmers and ranchers and those in and around those small rural communities that are dependent upon farming or ranching and just at the beginning of july the u.s. imposed those thirty four billion dollars worth of tariffs on china and then china retaliated focusing on two things autos and agriculture now the trade war seems to be taking a toll on commodity prices and this is a lot of folks a role america concerned what's your take on it for. i think that the chinese really have the upper hand in the trade negotiations right now bart i think that while trump is is the bull in the china shop as you say what they've done is

they've pinpointed very specifically the most politically vulnerable sectors of the united states economy and they're saying mr trump if you want to play this game we're going to play the game you don't want us to play which is politics and fred a lot of chinese importers of soybeans have pulled out a lot of those beans are now being shifted to south america prior primarily brazil which has its own problems of we've talked about but they're shifting there they don't want to buy u.s. u.s. products and we've seen a big big drop and soybeans. i says this year particularly if you look for may i mean lost a couple of bucks in price so how are producers dealing with that particularly fred as in the us here in the northern hemisphere you know we're coming to harvest time now and for the next whatever six weeks maybe two months. they are trying to hold

on i mean the wisdom is that once the market goes it really never comes back and if you look at the corn producers they are absolutely serious right now they are getting about one penny from the federal government for each bushel of corn that they are selling as compensation for this vast in their market the farmers want it they want trade not aid of course that's what the saying is and that's what sonny perdue is trying to tell them you know sonny perdue has good credentials from georgia but he's also a bit of a knave in the sense that his when he was governor of georgia his. his administration was riddled with ethics violations he had he has he's guilty of all sorts of machinations with taxes and real estate he is a perfect trump kind of guy and he's also a bit of a fool you know he's one of these climate change deniers that when drought hit florida what did he do he gathered people together and prayed so he might be out

there talking up a storm but the question is what's really going to happen when china says now we don't want those beans well one of the things you mention the aid package and yeah being farmers don't like the subsidies and aid but they promise the administration that is twelve billion dollars in aid for toibin producers but it actually came out they just announced that on the twenty seventh of august and only six point one billion and that's really just going to help soybean producers i think the number is eighty cents a bushel but you mentioned corn i mean those guys are going to get like one cent so this may not be enough to help alleviate the real concerns this fall right. no look i don't think anybody is surprised that president trump promises something and then the liver is something entirely different and i think that we are really in a rock between a rock and a hard place in the goshi ations right now and that the chinese they are not going

to come to the table before the midterms they are going to wait and see and if the midterms do not go trump's ways they are going to be in a much stronger negotiating position and trump is going to be really. up the creek right absolutely well we'll keep an eye you know we've been sort of expected maybe there would be an announcement after the markets closed just a little bit so we'll have to keep an eye on that fred we really appreciate you spending some time with us today fred kaufman author of bet the farm thanks fred. thank you bart. a report from the world economic forum is warning about the economic impact of robotics the report estimates one hundred thirty three million jobs could be a limited by replacement of human workers with robots with sharply negative effects on wages and work conditions cherubim allows shop called the report quote

a call to action to governments businesses educators and individuals will like to take advantage of a rapidly closing window to create a new future good work for all and speaking of robotics argues rachel blevins looks at more research about how some americans and some in the u.k. fear the robot here's rachel we hear about new advances in technology all of the time from driverless cars to artificial intelligence their research shows that americans are starting to hear robots taking over the workplace and eventually taking their jobs twenty seventeen paul from the pew research center found that more than seventy percent of americans are concerned about a future where robots are capable of doing human jobs and sixty seven percent are worried about the introduction of algorithms that determine which candidates are hired for jobs in fact seventy six percent of americans said they would not apply

to a job if they knew a computer was deciding their fate and more than half said they would not ride in a driverless car or use their robot caregiver yet even with their growing concerns a poll of twenty seven hundred people from both the u.s. and u.k. found that most employees believe artificial intelligence will kill off forty percent of jobs within the next decade while mcdonald's has made headlines for plans to increase self ordering miche. and there are other companies that have faced backlash for implementing new technology amazon was recently called out after images where we showed the company's plans for a new system that would transport humans locked in cages on top of a robot trawling for work in areas all of other automated robots in response to backlash over blueprints of the cages a spokesperson for amazon and claim that the devices are not currently in use

amazon senior vice president of operations or spawn it on twitter adding quote sometimes even bad ideas get submitted for patents this was never used and we have no plans for usage it is no secret that technology will continue to advance and that artificial intelligence could one day run the workplace in numerous industry but the question remains will americans embrace the new technology or will they embrace companies that refuse to use it even if it means paying a higher price in washington rachel blevins art scene. and that's it for this time thanks for watching you can catch boom bust on direct t.v. channel three twenty one dish network or streaming twenty four seven on pluto t.v. that's the free t.v. channel one thirty two or as always get us up at youtube dot com slash boom bust are two so long for this to.

the list and. i'm going to set up a set. so there are other builders do it. in the him around the question of how they. look for the look i look at the you don't want to know the money i was wondering about. such as it really is. a mystery just.

came up with a lot of art of a shuffle stemming we're going to. go on the world and we'll get a little warmth and you know what. shall i. go for this idol of the. show it's seemed wrong when old rules just don't hold. let me. get to shape out just a constant that's ok and in games from an equals betrayal. when so many find themselves worlds apart we choose to look for common ground.

the russian military jets with fourteen people on board goes missing off the syrian coast during an israeli bombardment and attack air proppants. also this hour russia and take a greasy creates a demilitarized say between syrian government forces and militants as a counterterrorist operation is put on hold. president trump saps import tariffs on chinese goods with two hundred billion dollars ranging from that .