and there's a lot to go over here and for expert analysis we are joined by professor richard wolffe host of economic uptick richard thank you so much for joining us today glad to be here and others a time to go over here and i know as i was saying there with the world trade organization. it's kind of been hamstrung by the trump administration they have been naming judges to the appellate body they're supposed to be 7 they need 3 to make rulings right now there's only actually one. it's not a particularly popular organization but professor wolf what do you make of the president's comments about not being treated fairly by the w.c. oh. well i think it's a consistent message that he has been giving out even before he became president his posture which i believe is designed to get him reelected is that he's protecting the united states from the mean nasty foreigners who are taking advantage of us he's going to correct the misbehavior of past presidents who

weren't vigilant and tough enough the way he is this is not a very subtle message he went after the canadians and the mexicans around nafta to begin with then he did his 2 year long attack on china and so now since that's kind of old moves and people don't find it all that exciting and the damage that this is causing is hurting his base he had to sign the deal with the canadians and the mexican sign it with the chinese so now he has to open a new front a new attack nobody is disrupting world trade more than mr trump and the united states and the whole point of the world trade organization was to work these things out quietly and in an amicable way rather than attack each other with the tower of weapon which is bad for everybody but certainly you know using your words attacking each other with the tariff weapon it's something that works for trump it certainly works better in terms of the. the public persona he gives off right which

is that he's tough on trade and he's tough on these these negotiating partners and in some ways he's kind of put the deputy or in this position by not appointing judges to the deputy oh right he's actually prevented them from having the body they need to convene therefore he puts himself in this for block of a better term mano a mano position and now he's talking about a trade fight with the e.u. and threatening 25 percent tariffs on automobiles because this president likes to play chicken and says that's what it seems like and europe knows that this i give him an advantage already going into this possible fight with the e.u. . right but i would agree with you but i would define the advantage a little bit differently he can play these posturing games he can whack them with the tower of they will whack back the chinese did the mexicans even were threatening to do it the canadians for sure were doing it and they here's the beauty of it he can play the game now we will all pay the price over the years

ahead it is foolish not to understand that when you suddenly whack another economy by closing off the american market you are teaching the chinese the canadians the mexicans and the europeans make your deals elsewhere don't trade with the united states never become dependent on the united states keep the united states encircled by the anger and bitterness you feel at the role good behavior of this president he can do it because it takes a few years for all those impacts to accumulate he'll be gone by then even if he gets reelected so it's a game that the political system we have allows this kind of president to play and you are right he's playing it to the hilt and you know speaking of playing games here one country out of the block here that stands out in the european a trade fight is france now presenter. as we mentioned have stalled possible

tariffs on french goods over a digital tax levied on us tech companies that the us president has always been actually critical of big tech but seems to be standing up for them in this situation do you see france is the actual next front for a trump trade war or is this all talk and we actually are going to look at that broader european trade war where he's talking about possible tariffs on imports of autos and things like that yeah i think this is a small skirmish with the french it's not a major thing the fear here is that if you're only in 8 the french that will in turn harden the resistance of the europeans and that is true but much in europe the view is in many european papers that what this is really about is mr trump having alienated high tech in america not just bs all said amazon but all of them is now going to change the game to try to get them to donate to his campaign by

championing them by helping them get some sort of advantage over the europeans again the short term advantage for the election the long term lesson to the europeans which is a pit of my eyes by the statement today by angle of merkel the chancellor in germany that the chinese need to be treated equally with everybody else she's living trump no your now we're not going to be our friend we're going to cut our deals with russia which he did last week with china which he's now talking the long term cost to the united states will be very very severe from this kind of behavior yet obviously germany needs to do that especially in talks of a possible tariffs on the automakers because they're the biggest ways europe but very quickly i want to play this sound bite from president trump speaking in davos about u.s. unemployment and employment listen. since by election america's gained over 7000000 new jobs the unemployment rate is now the lowest in over half

a century the every general plymouth rate for my administration is the lowest of any u.s. president in recorded history which is very nice we have some good ones we have some bad ones too by the way i mean the you can't argue with the numbers he absolutely is correct that unemployment is much better than it's been his numbers are much better but having said all that you know when you look at the surveys that are coming out right now most people in the united states will say they believe the economy is doing better but when you ask them is it doing better for you they're saying no only 34 percent of the population thinks that it's doing better for them personally what's happening with them why is there such a disconnect. i think the answer is the following look at an unemployment number without asking the questions of what go with it is it is an attempt to mislead the public and we can use america as the best example yes we have a low unemployment rate but here is why the real wages of american workers have

come down the benefits you go with get with the job have come down the security you get with the job has come down it's basically what we've done over the last 10 years is exchange millions of good jobs with good benefits and security for a lousy jobs with poor wages and thirdly few benefits and no security at all whether you call that the sharing economy the get caught or me if you look at the quality of the jobs people actually have and those looking down the pike for students that's why they say it's good for the economy because they read it in the paper but when they look at their own lives not so good professor richard wolfe author of understanding socialism always great insight thank you so much for joining us today. thank you glad to be. where u.s. stocks rebounded wednesday morning after taking a dip tuesday over fears of the so-called corona virus a potentially deadly disease that has sickened hundreds of people in china and has now been located in washington state in fact in that case the patient who has not

been identified is reportedly a resident of the u.s. and is also reportedly in stable condition the man said that he had been in the province and was aware of the virus before he began to get ill he actually was the one who reached out to state health officials in washington proactively when he began experiencing symptoms as for the corona virus itself health officials claim that it can cause a range of illnesses from the common cold to severe acute respiratory syndrome which we all know as sars this current virus has reportedly killed 6 people in china again and sickened some 300 others though we are seeing reports that as many as 17 people have died so still monitoring those numbers and exactly what the discrepancy is health officials in hong kong say they are closely monitoring the situation there also trying to monitor anyone moving in and out of that province. country tracing. and trying to make the assumption limited resources to focus actions which will be the most effective and right now we're. trying to implement

temperature screening each athlete going to control crimes that were conscious and the very most efficient and effectively come patch to have to creation foam just have to actually value that we also have to make sure the. manpower that's not really have to be put to him and i think to implement on the 1st. week which of course be revealing our strategy from time to time to. break this story down in helping us to do that issue each in an assistant professor at the yale university school of public health think you for joining us so professor thank you for having me i suppose the 1st question that comes up here for me is how you. the c.d.c. in the media got a jump on this new virus it's so scary they say when in reality the flu kills tens of thousands of people every year on average right the flu kills about what 56000 people a year and then according to the c.d.c. in 2017 it killed 80000 people so why do viruses like this corona virus create such

a public health scare. yeah like the regular flu this one we we know very little about that we do not know the region of these wires we do not know how that spread and how easy that spread it to from human to human and what a stage whether it is have to develop a symptom before trust miscible to others and there's no vaccination flu so there were. taken many years to develop and we still remember that. the nation was not he went on tour today so science was gone because of the temperature or other climatic conditions to make it disappear but we are not actually using the scenes to fight against successfully to fight against the sas and the also this time it happened which is a city last developed in but is in beijing so in terms of physical facility of

the house hospitals clinics is already overcrowded and this time the effect the more older persons and older persons those tend to be less aware of the house harms and the tend to be less likely to well face mask and have any. behaviors so that's worrisome compelled to flu. we talk about when you talk about the vaccinations in regards to this and how there was no vaccine for sars until around today. no vaccine obviously for the coronavirus there's something new i mean how do we. you know we create a public public health scare but we create a concern over this virus but in reality we may not be able to do anything for 10 years like you said sars kind of just due to climate climates wiped itself out so how do we kind of parse all of this out right now. yeah different from this one

novel the experts already find the medical scientists to find highly mutable so that means that we're highly likely to the all for mutating so that can't hide for quite a long time so it's a more transmissible weisel to not easy so that's different even from sas some people having no seem to just before one day before the death so this is very difficult in terms of a public house perspective and also today's world is quite different from 7 years ago sas at that time the world is not unlike the integrated as we do today and also we all know that a champ of a. trade war with china and the just the race to. reach the 1st the face when the oh but most of the tariffs are still there but this one heeds china again and not only china because this is the like are already spreading to asian

economies now we're having a major impact on the global economy ok and just an update actually for viewers right now as we're speaking we understand that apparently chinese officials have quarantined the city as you mention they specifically quarantined it off and they are stopping trains from going in and out of the city you made the comment professor in the last question here you made a comment that it's primarily older people who are most at risk here isn't that true of virtually every communicable disease especially when we're talking about flu it's the side effects right the pneumonia that comes with that ultimately proved to be fatal and how is this so much significantly different than those issues. yes of. older persons how vulnerable. this time the older persons are even more one or more considerate if you compel to the younger adults and this time we can make it a very different because of the time ie you spring fast many asian countries are celebrating that and mobility is higher than many other seasons and he's also

the blooming season for the economy and there was a location where different from many other places you see in the central part of china you can reach many other places like southeast asia southwest asia now seizure and the hub for railway stations flights so it's really hard to be in a city with 11000000 population but that means to the chinese government already determined to do so in order to counting the spreading of the wires and also i know that house insurance policy has been changed so for people to get a trade is they do not need to pay out of pocket this is also very unusual because the chinese house system was a model people have to pay upfront but this is quite different for this time and obviously geography is a big part of it and also as you said accessibility because of the train systems but again the city has now been quarantined by the chinese government trains are now moving in and out chichen itza professor at the yale university school of

public health thank you so much for your insight on this. time now for a quick break here because when we return. the big. but don't worry they will protect your privacy we'll dig into exactly what that means. the saudi prince who. remember. but we've got the details on all of that as we go to break here are the numbers of.

you. i owe. you. it seems like 2016 all over again bernie sanders is popular in doing well in the polls and the democratic establishment along with the donors are nervous they're centrist politics is fraying now identity politics the problem for bernie this time around apparently is that he's not inclusive enough is

a democratic primary to get. this is a story about what happens auster a stray bullet kills a young girl in the streets. what happens to her family and daughters in florida the mother daughter is buried in a cemetery it really messes with your head what happens to the community the public was screaming for a scapegoat the police needed a scapegoat so why not choose a 19 year old black kid with a criminal record who better to pen this than him and what happens in court. shocked shocked as far as we feel. we don't know children just for the. end of this trial unfortunately you. will still not know all children just.

go to one of them. and. see. that. what i was was a. double that he moves a. little.

ole in the spirit john in. it's. when. is it. diminish. and welcome back so here is a headline that will surprise no one google c.e.o. says that health care provides the biggest opportunity for artificial intelligence to impact outcomes over the next 5 to 10 years the judge told the audience in davos

that you don't need to worry though because google will protect privacy of course they will what are we worried about as we have reported extensively on this show google quietly in turn into a partnership with $28.00 team with essential healthcare which operates $150.00 hospitals in more than 50 senior living facilities across the united states and is now google's biggest cloud computing customer in health care so here's what i said about privacy specifically. for us you know privacy said the hard before we do you know uses come to google very important moments ask this question we deal with people sensitive information inch email google photos and so on and so we have to earn the trust and today we do it by giving them control and transparency and choice around it and over time i think i actually allows us to do this better if we can do more for our users most of the data today we deal with is to help users with their information needs of course right it's to help but what the judge does not

mention is that google isn't just collecting or storing and encrypted data for hospitals and health care they're building a tools using data and possibly as many as 50000000 americans to do that and you know. data is their business big tech wants data that's how they make their money so why are we supposed to trust them with the data and our privacy and to trust it's a good question but also why should we trust that what they are doing with that in 5 or 10 years is still what they started out doing today what they began with today completely morphs over time as they develop those tools and more importantly how are they going to continue to protect that because like you said 15 years down the road better they may not be using it anymore but it might be stored on a server somewhere and frankly that caused a little bit of concern for sure for sure. billionaire amazon founder and washington post owner jeff bezos says his phone was hacked by the crown prince of saudi arabia well has been soman in an apparent effort to silence the post

reporting on the country now the saudi government denies this accusation but the united nation is calling for an investigation into it legal journalist very trivial with america's lawyer joins us now from our miami bureau with more thank you for you so much for joining us today molly how are you how do s. where it's believed that his phone was in fact hacked by n.b.s. . well this is such an interesting story and even as we speak there's more information coming out about it right now brant but according to guardian. mobile phone rather was hacked in 2018 after he got a personal message from saudi crown prince mohammed bin solomon so within hours of receiving that message the gotten reports like a ton of data was taken from his phone in the hack was reportedly discovered by a private firm hired f.b.i. consulting in d.c. to look into this because there was some other stuff going on which i'll tell you about that going to basically. told the n.b.c. that after examining his phones they were you know pretty darn confident that his i phone had been affected by malware they weren't exactly sure what kind of malware

but it was coming from a what's app account that was used by the saudi crown prince i said in the message he opened and boom all this data starts flying out of the phone so bezos had recently exchange now. with the prince at an event in l.a. and it wasn't long after that he received this message that supposedly allegedly the malware infected his phone through adi embassy says these accusations are totally absurd they're like no no no much like much like the killing of the washington post reporter they're denying accountability and this is well yeah we'll get scorsese like you're just because you're sitting there and you're like oh i go to. the home of good song and he says a little just check out this plenty of video so how does the united nations get involved and do they have any authority what can they even do about it. well you know that's a great question i don't know about what authority they can do but not much i mean what authority is the u.n. really had to do in a lot except be you know megaphone really of that was so wrong all these human rights violations at least it's an outlet to bring it to our attention the media's

attention attention the public brought it to their attention for a lot of different reasons most likely but it was probably a good opportunity to say hey this needs to be an international issue. according to the course and we saw that the washington post reporter that was brutally murdered and of course our own cia connected the death to the crown prince basically you know trump had been saying well i'm not so sure about that so maybe this felt like i don't want to take this to american authorities because i'm not sure if they'll really be able to do much so maybe by going to the u.n. i just speculation my party felt like the world would get out a little bit better and indeed they did put out a statement today or yesterday wednesday that basically said hey you know we looked at this analysis of. we do think that malware was used it is a period in court in this evidence it was directly connected to the crown prince and what's interesting is that the daily beast just reported a little while ago that you know here is a phone was hacked in may they believe was made then you had this argue that was killed i believe in october and then just

a few weeks after that in november the crown prince sent another picture to. a woman that looks similar to his mistress and so this is apparently information that came out so you remember february 2000 and. started to file suit against the owner of national enquirer saying hey man had to find out about my affair and go and put it all out there for the public to see and i want to know where you got this information and they didn't want to give it to him and so he was basically saying you know you guys if anyway it's all connected. it's like next has this affair i found a picture of this girl check her out l.o.l. totally. i mean there was no threat here this is the photo of one of the largest tech companies in the entire world and he got hacked and it went on for an entire year there's so much to get through here we will have to have you back talking about it molly barrows to tribute to american lawyer thank you so much for joining us today. thank you on a more serious note only weeks ago it sounds like boeing was done with the 737 max

well now the company says it plans to return it to service by mid year though that apparently is still delayed boeing claims it will take longer than expected to get through regulatory scrutiny i think on the flight control system that has been blamed for 2 separate airline crashes last year that killed hundreds reuters is reporting that regulators have been pushing back the time needed to approve the plane which at one point was expected to happen in february or march of this year but that's not going to happen keep in mind 737 that has been grounded for almost a year now was speaking to davos president trump called the boat win situation a disappointment in an interview with c. and b. c. meanwhile boeing's biggest rival european playmaker air bus hit all time highs on wednesday in fact as we reported on monday airbus is opening a new plant in france to keep up with the surge in new orders it is receiving for its airliners they're doing great but anyway. and that is it for this time you can catch boom bust that youtube dot com slash boom bust archie see you next time.

lives. lead. live live. live. live. play. live live. live . live. live.

oh. please. play. live. play. list. playing. very well now continue watching us and see us. oh my god to the kids in complete saying oh boy tonight nobody will

even know who we can. move on with said i didn't get showed up to move this because of who i'm listening to who called in to be i didn't show up and we must. i thought it is not so much because i consider the tons of a few rough it's a 1000000 years. you know one of the best charts greatest charts i've really been studying for years now i don't know exactly how we're going to get into this but i just want to mention it right here at the top it's the money velocity chart. the money velocity

chart and we're going to be getting into that. award winning journalist glenn greenwald is charged with cyber crimes in brazil over his reporting on a high profile corruption scandal case has drawn condemnation worldwide. you want to fishel call for an investigation into claims that the saudi crown prince was involved in attacking the phone of billionaire jeff bezos the amazon boss owns the washington post where journalist and jamal khashoggi excuse me jamal khashoggi worked before. he was killed by a saudi. who designed. the wake of 911 just. believe.