or to the president said you know wage growth is really a lot higher then the figures say what i mean the figures from the own their own department of labor said and so there is this question about whether or not it's calculated right so what do you make peter of wage growth and do we need to somehow consider whether or not a recalculation is in order. first of all a lot of things need to be recalculated i think the way the government measures inflation i think it does a bad job of capturing the true increase in the cost of living so i think real wages have actually fallen a lot further than the official fishbowls to to six would reveal and of course you mentioned at the top of the show about this you know lowest unemployment rate since one thousand nine hundred sixty nine well you know as donald trump used to correctly point out when he was a candidate for president that the numbers are not real because we no longer measure the unemployment rate the way we measured it back then if we did and we

counted all the people that are working part time who want to work full time and all the people who are discouraged not just the people who are discouraged for one year like we get the you six but all the long term discouraged unemployed the real unemployment rate is well above ten percent right now so we're not even close to where we were in one nine hundred sixty nine but also you have to remember by one nine hundred seventy the unemployment rate has soared back above six percent so things can change very quickly and you know you want to talk about what's happening to wages look what's happening in interest rates interest rates are rising sharply they have a long way to go a lot of americans who have jobs also have debt they have mortgages they have car loans student loans credit card debt all that is going to be eating a bigger chunk of their income gas prices are rising oil prices have almost doubled this year they're going to keep rising especially when the dollar starts to fall and these trump tariffs are just going to add more to the both south korean presidents immediately preceding the incumbent president in have now been convicted

and sentenced for crimes relating to abuses of power mr lee's served as president from two thousand and eight to two thousand and thirteen while his successor president moon. was removed from office last year mr libby was accused of accepting a bribe worth roughly five point five million dollars from samsung prosecutors will . they quid pro quo pour the pay off in exchange for president lee's pardon for sam songs disgraced former chairman. one of the great things about boom bust as we broadcast all over the world as we always say but doing a market wrap on numbers as a time crunch here it's really tough to get it away thank you. and time now for a quick break but hang in here because when we return a centric electric car c.e.o. on must can't leave well enough alone as he takes a swipe at the u.s.

securities and exchange commission the car coach lauren fix joins the discuss and other new auto news was steve malzberg helps us think through the winners and losers of the new trade agreement between the u.s. mexico and canada it's not a done deal yet and as we go to break here the daily us numbers at the closing bell beckon to push. them to accept the slew of those the right to do business.

interests. me it. had been me that was somebody that doesn't know it's a mess you never know what's happening and whether they're shooting whether they're it's yours. i mistrust the tibetans are. sad. because it is by your. posts that you could not be a multiple i'll be just sick of that into you but i'm a dick to sit with your middle class and in the most farms of all these clear when the. how can reopen put those books who opened the doors will simply be. accepting them recognizing the independence of kosovo. unilaterally proclaimed.

they were doing something help us. when a loved one is murder it's natural to seek the death penalty for the murder i would prefer it being in the death penalty just because they think that's the fair 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 hasn't been that we want even many of victims families want the death penalty to be abolished. the death penalty here is because that's what murder victims' families what that's going to give them peace that's going to give them justice and we come in saying. not quite enough we've been through this this isn't the way.

welcome back major names in the global tech sector are scrambling to react to a bombshell report that a ship's manuf that ship manufactured in china may have secretly surveilled the flow of information at apple and at abbott an amazon web services the online retailers cloud computing unit bloomberg businessweek broke a story deal with sailing how chips are made by a company called super microcomputer and sold by one called elemental gave chinese authorities a virtual open door to affected servers in the wake of the news some tech expert professed to be staggered at the apparent. threat from altered chips while others are say implanting an altered chip would be an odd workaround when manipulation software would be more likely to escape detection for their part amazon and apple

are pushing back vigorously on the story both companies are release detailed responses that bloomberg report is untrue and we are going to question more on this one. the economic diplomatic and legal drama surrounding chinese electronics firms e.t.e. has taken another intriguing turn on wednesday u.s. just to court judge kate extended probationary status in relation to charges of violating u.s. sanctions on iran was found was first found to be in violation of u.s. policy back last year two thousand and seventeen and paid a fine of eight hundred ninety two million dollars to settle that case but earlier this year it was added again and charged with violating u.s. sanctions as a result of these new charges judge can cade extended the duration of a court imposed monitor from two thousand and twenty to two thousand and twenty two the repeated brushes with sanctions have raised serious questions about the company's long term viability experts say it would be unlikely to survive

a cut off of inputs manufactured in the united states which seems like an increasingly likely penalty for is the alleged defiance of u.s. policy. electric car a centric c.e.o. elon musk has brought as britney spears moment a nother he's done it again this time mr must tweeted criticism of the u.s. securities and exchange commission calling them the short seller in richmond commission mocking the f.c.c. acronym only days after they agreed to settle the matter involving fraud by mr must for a previous tweet which misled investors about tesla going private here discuss this and more auto news as a car coach lauren fix lauren welcome it's so great to see you always love having you on i keep putting hope i keep hoping not to cover. tesla so much but this guy is like the energizer by the he keeps giving and giving all this stuff and you've got to cover cover it i'm curious what your take is on his taunting tweaks to the

tweets to the regulators well obviously or stopped us from looking it hasn't stopped us from looking at the deal and picking some of the winners and losers and here to discuss joining lauren is conservative t.v. and radio commentator steve malzberg guys thank you for being here and steve let's start with you what are the sort of next steps that may be in the process of this long road before things kick in. well every country has their own procedure to cut through the red tape of course but for the united states sixty days after the signing the white house has to notify the congress of any laws that need to be changed to comply with the agreement the i.t.c. the international trade commission in the us has to issue a report on this they get about a month and i have to do that they may not take it but that's what they get then it goes to congress finally and when congress gets it it goes to the ways and means committee and they get forty five days time if they need it if they get it out of committee it goes to the house floor for a vote and then from the house it goes to the senate and then the scent takes the

same exact bill it goes to the have a senate finance committee they get fourteen days to play around with that and then they voted out and hopefully it'll be passed by everybody and the president gets the signature he needs to a participate in the deal you know a lot of partisan rancor these days in washington but it seems that both the parties the democrats and the republicans are on board steve tell me a little bit about the tech companies google facebook amazon they seem to be pretty pleased but i gather not everybody in the tech sector is happy you will tell us about it well section two thirty of the communications decency act here in the united states that is going to apply in the new deal so these tech companies through the through two thirty get the protection they need against libel suits for instance they can't be sued for libel of something appears on their platform anybody who wants to sue has to go after the person who actually wrote it or or started it so that's a big deal i mean that section two thirty is what many attribute to the the growth

in the atmosphere to grow these tech companies to what they've become also they could claim freedom of speech and not be sued if they've shown they made a good faith effort to keep obscenities and harassment off their platform so it's a big deal i mean you know alex jones the talk show host is being sued for things he said about a shooting that he says didn't happen the parents are going after him but they don't go after the internet people who put his product out there because they're prohibited from doing it they have to go against him personally that will be in this new deal and lauren what do you make of the potential impact upon the auto sector at least what you know so far. well we know so far because there's going to be a lot of changes as we now i would say that their prices of cars might go up a little bit and i was actually discussing this yesterday with an automotive executive and they said well we'll just put an incentive in to offset the difference if we've got a price of a vehicle in place and we worry about the price of a vehicle going up three four hundred dollars there's always incentives on almost every single vehicle many new vehicles they increase the prices anyhow to consider

the fact that metals are costing more so you're going to see that in the price of a vehicle but remember my number one rule when it comes to buying a car for those of you buying a new vehicle is never pay retail there's always an incentive out there and steve just real quickly we're running out of time but who might be some of the losers in this deal well the losers i think china is is going to be an ultimate loser or because donald trump is involved and now the u.s. president of course has his get tough tactics and he's now sees that work with mexico work with canada and now he's going to be emboldened to be tougher on china you have the canadian steel. tariffs still stay in place here in the united states so there are there are a loser and as mentioned here the people who buy autos here in the united states they get paid more probably and and the automakers are going to have to pay more for the labor but so those that right off the top those are some of the people in

the countries in the who wind up on the negative side of conservative t.v. and radio commentator steve malzberg and the car coach lauren fix thank you for your time guys thank you. and that's it for this time thanks for being with us you can catch boom bust on you tube dot com slash boom bust r.t. or we have a great weekend so long for now. cooked additional suppose to go to what was it gets up to look at some of these it's inconsistent with what you're looking at the moon. see him do you see him if you. look at with a showing of the where. he think it should be you know you have this

and so to. both of shipping. you up and most of the book is the work of the books in your book which still. i do know what the movie. was the latest movies in the bus. boys and. so yes i've put them through some. lyricists through some really stupid. why should americans work after taxes stalin and obamacare just all of that up through the central bank that money transferred into the pockets of a few cartel members to create while to make a gap social unrest social cohesion arrests and wide scale poverty and watch that happen. the way to the united states is dangerous for most of the illegal immigrants. crossing the

most just as they would a simple they want to become lost and enter another one that lasts for some just about what end. many of them look for refuge in the so-called sentry sides of the refuse to share information about undocumented migrants with federal authorities is the best person to ask pancha mom. mostly to point out i tell her that my son i got a male out of class and that one bad call find out they had water they all choose to stay in the country with donald trump in the white house all over for the gravels. both of you what if the who beat up to the old said fish travel to many couples won't. kill which with a push to put impulse response both of you out to the pub do it most of the.

law. when a loved one is murder it's natural to seek the death penalty for the murder i would prefer and it mean when the death penalty just because i think that's the fair thing the right thing research shows that for every nine executions one convict is found innocent the idea that we were executing innocent people is terrifying and there's just no way the us hasn't and that we're even many victims' families want the death penalty to be abolished the reason we have to keep to get kelly here is

because that's what murder victim's families what that's going to give them peace that's going to give them justice and we come in saying. not quite enough we've been through this this isn't the way. thank you thank. you thank you to. india defines the threat of u.s. sanctions by signing a deal with russia to buy its bonds to as four hundred ad defense and. a tribe you know here's how informants working for ports in the semifinal spy agency on the balance of break the north if it prevents the bigger crime. on the west hit stocks of russia's g.r.u. military intelligence service exposing an alleged campaign of cyber attacks around

the polls including on the international criminal weapons watchdog.