composite plunge five point six percent while the dow fell as much as four hundred and seventy points before rebounding the markets are reacting sharply to the sudden increase risk of a full on u.s. china trade war as a standoff creates a huge uncertainties for companies trying to decide where they to buy supplies build factories and make investments these strong tariffs on steel aluminum solar panels they fall entirely on the u.s. consumers and businesses who buy the imported products a study showed that by the end of last year consumers were paying three billion a month in higher taxes and absorb one point four billion a month in lost efficiency this threat from trump was a big surprise for the markets following weeks of so-called positive developments and updates it really is unclear right now whether the threat was a shift in position or just a negotiating tactic it could be that this new threat is nothing more than an attempt to extract a few more concessions in the final days of talks here to give us the latest is r t

correspondent sam aopa hi sarah so all of this comes as the chinese vice president was scheduled to come to d.c. this week to china cancel the trip well mr trump took to twitter as you mentioned and he did say that the temper sent will go up twenty five percent on friday three hundred twenty five billion dollars of additional good sent to us by china remain untaxed but will shortly be at a rate of twenty five percent actually this morning a spokesperson for the ministry of foreign affairs of china confirmed that he would be at least the voice from china would be traveling to d.c. and that will move forward with the talks despite her and this is what she said. regarding the u.s. throat cutting tariffs on chinese goods i think similar situations have occurred repeatedly in the past china's position attitude remain clear and i think the us acknowledges this china us trade talks have been held for ten rounds and have made

good progress i think the priority now is for both sides to work together on finding a halfway point we seek a consensus based on mutual respect benefits both countries which would appease not only china and the u.s. but the international community as well and there's a lot of pressure now as the talk is that the clock is ticking and mr trump gave them until friday so a deal could be made as early as this week and that's something that people are hoping for although alison experts are less optimistic than they were last week when we thought they were pretty close to signing that deal and so what could success possible success or failure look like for the u.s. and china here you know we're talking about the world's two largest economies they've been talking for at least a year now well yes since last summer when these terrorists were imposed mr trump threatened to impose ten percent tariff since january but has since postponed that because he thought the negotiations the discussions were going well including intellectual property theft which has been a major issue just last week we heard from

a treasury secretary who had traveled to beijing with the light hisor and they said that progress was made and so this comes as a surprise but trump is now saying twenty five percent and not ten percent so far we know the u.s. has imposed two hundred fifty billion dollars worth of tariffs on chinese goods and beijing retaliated with one hundred ten billion now if trump follows through with his threats nearly all goods that are coming from china will be will face some sort of tariff and this would total more than a whopping seven hundred fifteen billion dollars in goods now these are the two worlds largest economies like you said we could see the world really hurt from this if a deal is it. made by friday if mr trump doesn't get that deal and it also seems like if you're going to go all the way and use all the terrorist maybe that reduces actual u.s. leverage in that situation in that you know there's nothing left to do to china now and it looks like both leaders aren't there really is no middle ground and that's

what experts analysis are saying it's it's all or nothing for both i mean we saw this with mr trump trying to make deals with other countries like north korea but there's going to have to be some sort of consensus at least that's what we're hoping for otherwise the markets will continue to feel this surmounted still good thank you for joining us. now sticking with our lead story on what the u.s. trying to trade talks in the latest drama whether or not trump's tariff threat is merely a negotiating tactic meant to speed things up is right for speculation but markets worldwide are clearly taking this risk seriously and particularly you see sectors such as semis industrials and technology taking a beating and dragging the market down with them here now to help to help us take a broader look at the global impact says tom gandalf the founder and c.e.o. of three bridges financial group. so tom this one right now isn't really impacting the you just the u.s. equity markets but there are systemic implications for global trade in europe we

saw a massive sell off today with the auto good dropping more than two percent tell us what's happening in europe right now. well you know europe is facing a lot of economic pressure on a number of different fronts and particularly as it pertains to a trade deal with china the challenge they have is that their exports are dominated by many a factor of goods and leading the charges vehicles automobiles boats and airplanes certainly economic troubles in china will will certainly spill over to europe and create further problems for them yeah we saw the cac and the dax drop more than one percent to the close and now australia they're also hit really hard by this unexpected news we see the australian dollar get land falling as low as point sixty nine sixty five earlier today against the us dollar it now sits at the lowest level so it's january third this year tell us how they're affected by this. well china is

actually australia's largest trading partner and of australia's exports a third of them go to china so certainly any economic problems that affect china will will have a cascading effect on australia their economy and their dollar in particular is quite dependent upon commodities and the export of those those commodities of natural liquid gas. iron ore copper those are all things that china needs a great supply enough should demand wind up winning then is going to be affected in a pretty significant way they've benefited actually as the chinese economy has skyrocketed over the last decade or so and if china takes a step back i think that australia is going to feel as well. now trans plan may backfire here as china may not want to negotiate with a gun pointed at their head and as this conflict plays out escalates investors are going to try to hedge their exposure and find a safe haven we see them now running into the czech japanese yen today that's a safety against the us dollar so how else can investors to reduce their global

exposure. well i'm not sure that anybody really likes negotiating with a gun to their head but the fact of the matter is that china needs the u.s. economy they need us as a trading partner and the us needs china as well i also suspect that something will get worked out now whether ones of being as favorable as president trump wants or as favorable as president she wants we don't know that yet i think that there's a lot of saber rattling going on on both sides at this point. in china with their. walking back of some of the commitments they had previously made so there's a lot of concern obviously on both sides i think ultimately a deal gets done but regardless i think investors should look at the power of earning dividends as a potential hedge against any global unrest from an economic standpoint. real estate. utilities. things that really are

not dependent upon china's exports export import business are going to be probably safe havens for u.s. investors. local businesses health care is another one i think is probably a safe haven and something i saw him look at as the tensions ramp up now tom you know there's the u.s. china process is going on there's also u.s. separately u.s. europe talks going on on the trade relationship in theory of the chinese situation were to be resolved or this process would just fall apart it's possible that those preexisting tensions with europe could then come to the fore maybe on the main burner would be china now would be. u.s. europe trade junctions and there are a number of significant issues there what's the interaction here between the process with china and the process with europe. well there's a pretty interesting dynamic going on here because some of the things that are on the on the plate with regards to the u.s. china deal or concerns for europe as well mark protectionism is one state owned

business is another. competitive environment for smaller businesses a third concern and those are all concerns not just for u.s. companies but for european companies as well depending upon the context of a trade deal with china or europe may find themselves in a in a place where they benefit with no deal and they play it may find them themselves in a play for the benefit with a deal if there is not a deal and china trade with the us tends to break down then europe might be able to fill some of the void created by reduced exports from the u.s. to china so it's a pretty interesting dynamic and one that's going to be certainly something we'll need to watch moving forward fascinating and you know we were at the end of the year there were so many signs of a slowdown in europe and in china now we've seen surprising signs of strength in the u.s. economy and some less bad figures coming out from china recently what's your big

picture take on whether we're headed for a global slowdown this year and how decisive is the outcome of these talks in determining whether whether there's a slowdown or not. why i think the point you just made is precisely why trump decided to choose now to start his twitter storm with regard to the trade deal the u.s. economy is extraordinarily strong right now g.d.p. growth is up unemployment is down wage growth is up inflation is very very low so from a. competitive standpoint the u.s. economy is a much much better shape actually than we even realize here and i think that's probably why he chose this timing as of now he feels that the chinese commie economy is. not quite as strong as the us is the point and he probably feels as though he gained a bit of leverage and is in a position to take advantage of the dynamics going on here our economy is in great shape europe has some challenges there's no question about it and perhaps rather

than taking an adversarial you approach adversarial approach i'm sorry about that too the u.s. china trade deal i believe that europe would benefit similarly to the us of something positive gets done and we'll have to see if it plays out that way ok the timing can be everything tom gandalf the founder and c.e.o. of the bridges financial group thank you for your time. on preview. box cars billionaire chairman terry goal has declared a bid to run for president of taiwan goal helps to be the nominee for the pro china to be the nominee for the pro china candidate for the two thousand and twenty alexion where he looks to unseat current taiwanese presidents i.e. one of the democratic progressive party go has called on beijing to recognize and acknowledge the existence of the republic of china taiwan's official title he said taiwan should maintain peace with china while protecting its own uniqueness but there is a fundamental rift between taiwan's pro in the pendants leanings and beijing's to

reunification push the question of taiwan's sovereignty is highly sensitive election issue and goal has been under intense scrutiny as critics claim he would sell out the self-will island because of his multibillion dollar manufacturing empire on the mainland go has deep business and political ties in china and most of bach's khan's assets and production facilities are in china go has met with president trump last week and announced he hopes to be the peacemaker between taiwan the mainland and the u.s. and improve the commercial links between the three sides he discussed how taiwan can exploit close ties with both china and the u.s. as the ray. advanced technology ramps up. krav times and it would restate full year and quarterly results for twenty sixteen twenty seventeen and the first three quarters of twenty eighteen after employee misconduct of fabricating a number of transactions related to suppliers and procurement crap tines had

already disclosed in february that the f.c.c. was investigating as accounting policies so this earnings restatement does not come as a surprise news of the investigation plus the company lowering the value of its craft in oscar meyer trademarks by fifteen point four billion led to a one day twenty percent drop in the company's stock price the company said it does not believe the restatement was quantitatively material totaling about two hundred eighty million dollars berkshire hathaway is the largest shareholder and wrote down over three billion dollars related to its investment in kraft heinz as shares of the food giant tumbled more than twenty four percent year to date in the latest c c file and the company said the investigation did not identify any misconduct by any member of the senior management team. time now for a quick break but here because when we return chris martenson of pretty prosperity joins us to break down the impact of terror threat on global oil markets and as we

go to break here are the market numbers at the closing. montes holiday hotep international memorial awards twenty nineteen are now open for entries the media professionals are eligible for whether you are a freelance journalist work for alternative media or part of a global news conference to participate in sunday's show published works in video rich and. go to award dot altie dot com and enter now.

so what we've got to do is identify the threats that we have it's crazy confrontation let it be an arms race based on off and spearing dramatic to follow the only closely i'm going to exist i don't see how that strategy will be successful very critical time time to sit down and talk. business if there was a period of sort of full schedule if if pushed right if. there would be a will well to the minute that it was my job of. losing because it's a feeling. of a good enough that all you want the solicitor going to the banana that is said to you. that you think you'll know paul. enough but well it was pretty microwave lizza . kind of what you say to him which could be a hope of coming down long ago but i come.

near to you. if you're in the news you don't need to storm the lead here so my look down. here in the cloture coconspirators snyder. was. in twenty forty you know bloody revolution to to crush the demonstrations going from being relatively peaceful political protests to be creasing the violent revolution is always spontaneous call. is it the lawyer who. put me in the. school in the former ukrainian president recalls the events of twenty four. those who took part in this to do over five billion dollars to assist ukraine in these and other goals that will ensure a secure and prosperous and democratic. you're

relying on data that is not very well to find like the g.d.p. number of the gross domestic product number is notorious for being very pale and it doesn't really give a picture that you can draw any minute of implosions from a that's true of almost every number that's produced by the government because it behooves them to control the data because the data controls the algorithms and the index. to international memorial awards twenty nine see the now open for entries the media professionals are eligible whether you are a freelance journalist work full terms of media or part of a global news conference to participate in published works and video. go to award dot altie dot com and into the.

welcome back the malaysian attorney general has approved the extradition of a former managing director at goldman sachs to the united states to face charges including three three counts of money laundering in the one m.t.b. corruption case. granting a request from the u.s. department of justice that managing director at goldman chong was known to english speakers as roger also faces charges in malaysia the malaysian attorney general told reporters that will face trial in malaysia as soon as proceedings in the u.s. are concluded mr sapir you're at goldman former goldman partner to him or has

already pled guilty to charges in the one m.t.b. case one m.t.b. was a state development initiative that allegedly became a slush fund for disgraced former malaysian president najib resign and associates goldman is under legal scrutiny for there were all in a range in the total of six point five billion dollars and bond sells for four one m.t.b. from two thousand and twelve to two thousand and thirteen earning i raise in fees of six hundred million dollars. and the latest unemployment figures from spain show a significant drop in the jobless rate for the month of april spanish labor ministry statistics show a month to month drop of two point eight percent and the number of those seeking work over ninety one thousand fewer spaniards were rest were registered as unemployed in april bringing the total number of unemployed workers down to roughly three point two million that positive outcome has a bit of an asterisk on it as the easter shopping season is believed to have given the spanish economy the usual seasonal boost after seasonal adjustment the number

of jobless fell by an estimated nineteen thousand a poll by the national statistics institute shows the spanish rate of unemployment for the first quarter still trending high among european economies at fourteen point seven percent. and here to dive into more of the details on our lead story in the u.s. china trade talks is chris martenson founder of peace prosperity. so chris welcome back to let's talk about some of the effects of the latest episode of this trade talk reality show the world has come to watch ali reaction right now shows oil falling across grades and types on the new. has that heightened risk of these u.s. china talks are not producing an agreement what's your first take on the latest help bumping from president trump and the reaction from the oil markets. well the oil markets actually rebounded pretty strongly into the close there finishing up actually green on the day and we hit a peak in the oil market better than it will quote he thinks it's been falling for

a little while certainly had a tough night like a lot of things did in the overnight markets went to two weeks of one hundred words total i think came out from trump rattled a lot of markets but looks like the markets kind of shrug that off oil is pretty strong right here and i think there are a lot of geopolitical factors that are going to weigh on the price of oil as we go forward. so i know you try to try to have a scientific bend in your analysis but there's a lot of factors here that are hard or impossible to quantify such as present transit shifting moods and how tired i may respond to threats and blunt demands so do you have a prediction on whether the u.s. and china will reach an agreement or what are the chances of success at this point . i would very much agree with your prior guest you had on tom you talked about how you doesn't think that either side is going to get exactly what they want i think that's actually in the cards certainly the united states has a strong economy and that gives a little bit of negotiating leverage and negotiation grow as a leverage so it looks like trump feels like he's in

a good audience got stock market pretty much near all time highs he's got a strong economy to work with looks like good leverage china has a ton of leverage in this story too and so my view at this point it's i it looks like we're going to get a deal it's going to come through it's not going to be quite what anybody wants but that's been all and yes trump doesn't back china into a corner where they don't have any way to save face that there's no good out they may surprise us if they are backed into that kind of corner. now taking another angle on this we saw equity markets falling worldwide earlier today but how are commodities markets doing we saw gold a week ago hitting a peak of twelve eighty five an ounce as you know investors typically fled to safety in precious metals what's happening what's happening there. well with gold specifically it got a great start to two thousand nine hundred and it's given up almost all of its gains pretty much flat on the year which if you want to believe what the gold market is telling us it's not

a lot of concerns about safety at this point i'm at the very much a risk on games that through december mo's for all the equity markets across the world so looks like i'm not taking much of a read from gold that commodities beery interesting story there it was just two weeks after three was announced that we saw the commodities in a very long sustained down cycle let's all across the board included at that time oil green softs metals low kinds of things and it's only been recently we've started to see some recovery in that but still the ratio between commodity prices and equity prices is not a multi generational still so commodities are not yet up off the floor in this. yeah and i think that's really indicative of where we are in this global story. in terms of supply of all the commodities that we need right now very interesting and also we touched on oil obviously they're saying oil rebounded today after some drops in the morning but you know on some specific commodities cotton and corn

futures also slumped today while soybean contracts are headed toward their largest drop i believe in nine months there's the oil price chart there but all in all looks like a risk off day as investors are trying to hedge their bets in the event that there is perhaps a full blown trade war or that this process takes a turn for the worse where should investors go if they're looking for a safe investment if they are spooked where would be the safe place to go be right now. right now that would be u.s. dollars and if you're going to be emerging might as well be in t. bills and get yourself you know some yield off from that and the reason for that is that you know it's the world. excess funds and put a lot of those actors firms through the central bank conduit into this financial system we saw a lot of theory trades a lot of speculative investments got made and if there was you know when the markets we just one who knows what the trade dollars that fought with the dollar go

it's so it's a pretty safe place to be when you get into that ripped off environment or when the stimulus won't float into reverse course as the speculative theory trades going to end well and i wish it was different cute cute portion of our markets are simply hot money looking for some form that you know and often that means in the speculative flows one of the cheery trades are being. put across the world markets in this way so i'm looking at the dollar to see places people are really looking for safety right now and that would be a fairly short term place to hang out but not without one. thank you so much marsalis and founder of peak prosperity thank you and say. you're welcome. that's it by this time you can catch boom boss on direct t.v. channel three twenty one dish network channel two eighty or streaming twenty four seven on the t.v. the free t.v. at channel one thirty two or as always had us up at youtube dot com. r.t. the next time.

after the previous stage of my career was over everyone wondered what i was going to do next about different clubs on one hand it is logical to sit in the home field where everything is familiar on the other i wanted a new challenge and a fresh perspective and i'm used to surprising people and i saw one on t.v. . i'm going to talk about football not the or else you can sink i was going to go.

by the way ways of the flying here. this is a sticker from the water bottle found in the stomach of the fish the brand is sponsor of the coca-cola company which sells millions of bottles of soda every day the idea was that let's tell consumers there are the bad ones there the litter bugs are throwing this away industry should be blamed for all this waste the company has promised to reuse the plastic. when you lose that special projects funding he tells you to also agree on the new best that is the end of a footy team but from now the mountains of waste only grow higher. you're relying on data that is not very well to find like the g.d.p.

number the gross domestic product number is notorious for being very opaque and it doesn't really give a picture that you can draw any minute implosions from a that's true of almost every number that's produced by the government because it behooves them to control the data because the data controls the algorithms and the indexes. with this manufacturer can sentenced to public wealth. when the ruling closest to protect them so. when the claimant clear you're around to listen to the one percent of. the time to ignore middle room signals. to leave room for the real news.

you know world of big partisan. lot and conspiracy it's time to wake up to dig deeper to hit the stories that mainstream media refuses to tell more than we need to be smart we need to stop slamming the door on the bad and shouting past each other it's tolerance for critical thinking it's time to fight for the middle for the truth the time is now for watching closely watching the hawks. with.

with. the remains of all forty one people killed after a russian plane burst into flames during an emergency landing in moscow and have now been recovered from the crash site twelve year old girl and a flight attendant helping passengers scape the inferno are among the first. investigators are currently looking at the possible causes of the tragedy pilot error system malfunction and bad weather. he focused on the real politics russia's foreign minister sergey lavrov holds talks with the u.s. secretary of state my comp saying he has found no support for any military intervention in.