this is a boom bust the one business show you can't afford to miss unfair montecito in washington coming up markets are mixed as a result of us play the u.s. trying to tension after beijing proposed new national security restrictions on hong kong and the fight nearly every sector being hit by the pandemic the defense industry thrives after being deemed essential we have a packed show today so let's go and dive right in.

the global economy is on its way to a long lasting global recession and its latest global financial stability report the international monetary fund said the bank sector will struggle to generate profits through 2025 and white house health adviser dr anthony fauci told the n.b.c. prolonged lockdowns could end up causing arab reparable damage while still warning that states over relaxing social distance restrictions to quickly well new corona virus infections surged in latin america the region surpassed the u.s. and europe with the largest number of new cases in just one day and mexico are also contributing to those high numbers mexican health authorities reported a daily record spike of more than 2173 infections on thursday alone while argentina pushed its critical deadline for its 65000000000 dollar debt latin america's 3rd largest economy agreed to continue talks with their creditors through june 2nd. and

in a rare move china drop its g.d.p. target for 2020 the world's 2nd largest economy made the decision this was due to uncertainties over the coronavirus china's economy contracted by 6.8 percent in the 1st quarter it was its 1st decline in more than 4 decades and in a virtual meeting the world health organization said it's working nonstop since the start of covert 19 to really help coordinate a response. do you miss the beginning of the fundamental doubloon joe how is word day and night to coordinate the global response to the levels of the organization we are today did the plan earlier this month we sent an estimate that we leave to our own $1700000000.00 is dollars to fund a response to cover. this year. so far almost $800.00 media in u.s.

dollars has been praised order to seed leaving just over $900000000.00 this comes as oxford university announced plans for its vaccines to start phase 2 trials the university said it's looking to recruit up to 10260 adults and children a 1st trial result was all that are involving about a 1000 people have not yet been released. u.s. china relations are under more pressure as beijing was to impose some controversial national security laws on hong kong well this would essential put an end to hong kong's anti-government protests that rattled the region last year for more money trying to bust co-host christine christie how are the markets reacting friday to this escalating tension between the united states and china. all right now it seems we're back to precursor on a times where the tensions between us and china are rising again and today while the major indexes plunge as morning we're still sitting on top of some pretty solid

gains for the week really led by the russell 200 cats that are up about 7 percent for the week now the plunge today resulted from overnight news where china released the draft legislation over the new security measures as you just said but that was nowhere near as bad as what the hong kong market saw the benchmark saying index dropped more than 5 percent on friday which is the worst one day percentage drop since 2015 now the hong kong dollar traders right now are specially susceptible because they're seeing unprecedented screens in liquidity as well. spiking to new all time high surpassing the levels even seen during the financial crisis now this new law sparked by the news that china is now set to stylish a set of laws related to national security to be bowed it on on the 28th well let me ask you this now the ministry of foreign affairs actually had a response of their own to take a listen. to the national security laws legislation on the hong kong special administrative region do who wants me here really china's internal affair and no foreign country has the right to tell you that we chinese government is determined

guarding national sovereignty security and development interests trawling through the use of policy only one country 2 systems and then opposing any external interference in hong kong where we've heard this rhetoric before it sounds like a record broken record player the u.s. should stay out of china's internal affairs how is this going to play out and how is the u.s. going to respond to this. well this is what we're witnessing right now is basically just politics play out on the world stage and that's what politics really is it's influence and control so this entire thing is about control and being who blinks 1st so as soon as a coronavirus news start to fade you have washington striking back out are always limiting chip sales not only on u.s. companies but also on foreign companies as well so then why is that not considered overreaching to get a foreign company to submit to washington's decisions on washington's demand how is that not overreaching when china is merely trying to bring home back on there is

one country 2 systems where it's just that in the name one country is that overreaching to be trying to dictate some law some new mandate on your territory so right now we're seeing another tip for tat battles going on in washington wants to make life difficult for fall and other trades companies i delisting or restricting capital market access china on the other hand goes ok we will establish national security laws in hong kong and i'm like what i'm pale as saying that this is quote a death knell for the city state autonomy that's not really china's intent at all the real attend intent is to cut off u.s. influence in the territory now hong kong is currently home to over a 1000 u.s. businesses and now these new laws will certainly put the future of these businesses at risk but pension and forcing them to relocate that's right there are a lot of u.s. businesses there we know that the united states china phase one trade deal china said that they were still going to hold up to those that phase one deal the promises that they made back then but we'll see how this plays out because it does

all end up turning very much political boom bust co-host kristie i thank you. thank you. supply chain 1st several sectors have ravaged the economy since the start of the pandemic well the auto industry has been hit hard but it's not stopping 2 european auto companies from moving forward with the merger chrysler and france's p.s.a. owner a few have not changed their terms for the merger deal that would create the world's 4th largest carmaker for more we are joined by lauren fix our lauren good to see you. good to see you as well all lauren this deal was made months ago this was pre pandemic and many thought the deal structure would change given the market conditions right will turns out the deal hasn't changed and chairman john alkan said that that the details are actually set in stone is this an overly confident statement of on the chairman's part though this contract is already set in stone it was supposed to be put in place the 1st quarter of this year because of colvin they

moved it to a year from now but it really is going to help bolster the italian auto industry which is really what it's all about so it's a 5050 merger and since this is already in place there's not going to be a chance to change it we're talking about a special dividend of about $6000000000.00 so that will also go back into the economy so that could help italy a lot. stuff only something that they need given the circumstances now lauren when we last spoke we discussed just how heavily the united states actually relies on mexico for auto parts when it comes to manufacturing about 40 percent it was now currently there there is some conflict in our neighboring country over its electricity generation companies from foreign investors that provide these renewable clear power are in conflict with the government because those governments also provide their own electricity and how is all this affecting the auto industry and how is it going to affect the global supply chain. well it started off with the plants themselves there were $44.00 test plants there were to be solar and also

wind the thing is they only have $23.00 of them that were in test mode and the federal government of mexico said we want less private sector and more government controlled electricity they want to rely more on fossil fuels and coal because they've got a problem going on right now throughout the country and until this is under control and they don't really have real numbers like we do in other countries they're saying we don't want to invest in this but they have allowed 23 of these plants to continue producing electricity because you need a lot of that in order to produce vehicles so this also leans into the supply chain if they're not producing product in certain areas of the country and that means it's not coming to north america or other countries and this is actually causing the slowdown in production with general motors they're most profitable segment pickup trucks so their 2nd shift is not running they've only got one shift running right now because they don't want to run a parts and that's something that could potentially happen they are seeing that they might be looking into some lawsuits for that as well down in mexico yes but also lauren changing gears here

a little bit this week 2 americans michael taylor and his son peter taylor now they were arrested over allegedly helping former nissan motor company chairman flee japan he was facing charges on financial misconduct they could be extradited to japan and they face up to 4 years in prison now there has not yet been a formal request for a formal extradition request from japan what do you see that the future holds for them. well that we don't know they have to have a formal request right now the the older person the gentleman who's the father is an ex green beret so they were possibly part of it they were in japan during the time of carlos ghosn diskeeper there were also 7 people who were from turkey that were arrested there was 4 people that worked with them 2 of them were pilots and 2 flight attendants so we don't know who's involved in what but right now obviously they're trying to cover themselves because karl is gone said he was a hostage and now he's free in his country of lebanon and supposedly he's working on a movie end of books are the real curious to see what he has to say the whole escape

from from japan was definitely an interesting one so we'll be sure to follow it to see what happens here lauren fix the car coach it's all the time we have for today but thank you for your time. thank you. markets are mixed this week amid growing u.s. china tensions and hope of a possible corona virus vaccine let's start in russia where the mo x is up on the week the ruble hit some 10 week highs on thursday at $71.00 versus the u.s. dollar but it weakened on friday as oil prices slid russia's central bank said friday there is no need for negative interest rates but it is expected to cut rates by $100.00 basis points in the month of june while moving into asia the shanghai composite it's also down for the week taking substantial losses on thursday and friday as tech and semiconductors really took a hit to close out the week in hong kong the hong saying also down for the week

this is due to the increased tensions between the united states and china will be index fell by 5 percent on friday alone with china set to impose this new national security law in hong kong to combat the months of anti-government protests now to japan where the nikkei is actually up on the week we're seeing a green arrow here gaining just shy of 2 percent for the week the nikkei did take a hit on friday losing point 8 percent this was due to some of the factors that we just mentioned in india the sunset is also it's up on the week well this is despite the reserve bank of india taking an emergency measures on friday the worst that to mitigate the economic fallout of the coronavirus cutting the repl rate by about 40 basis points down to 4 percent in australia the a.s.x. now or seeing another green arrow for the week after some big gains on monday the a.s.x. was relatively stable throughout the week but it did take some losses of just under one percent on friday mining company b.h.p.

group led gains on the week jumping more than 12 percent now in south africa the is also on the on the green this week this is despite diving. on friday after the country's central bank slashed interest rates by 50 basis points will now let's move over to europe where the 3 major indices are up for the week in london the footsie 100 ended up in the green but it closed out struggling as a rise in u.s. and china tensions continues to weigh on investor sentiment the german dax and the french cac also ended up on the week but it took a hit on thursday of 1.0.4 percent and 1.2 percent respectively eurozone up p.m.i. was at about 30.5 percent for may this is a substantial jump from 13.6 in april so there is some hope for an economic recovery is countries for their ease lock downs and their stay at home orders and living across the atlantic brazil's evo best buy also on the on the green this week

this is after brazil stock market well it is down however about 48 percent for the year in terms of dollars but goldman sachs did point out brazilian stocks are an ideal bounce back candidate well moving north some xico where the b.m.d. is down on the week the peso looks a bit stronger on the week as the mexican economy did start to reopen but it wasn't able to stop a drop in the market at the back half of the week in the u.s. all 3 major indices the dow the s. and p. and the nasdaq are all up for the week this is bringing the overall new york stock exchange positive u.s. china tensions just simply weren't enough to drag down markets more positive to vittie about a possible coronavirus actually helped push things up here in the united states and finishing things out in toronto the t.s.a. also up on the week on friday the composite did finish on a downward trend as it weakening oil prices pushed energy stocks lower and that is your global market walk. time now for

a quick break but hang here because when we return despite nearly every sector being hit by the run of our spend demick the defense industry is actually thriving and this is after workers for the industry were deemed essential as. got to break here the numbers at the club. i like it when the hosts ask a question for the guests and then actually listens to the guests answer and then react to that answer a follow dennis miller here i've got a new show. on

larry king question being listening learning you dollars said i never learned anything when i was talking it's important to a list of. questions and more. i've seen the horrors that arise with money and evil. corporate criminals who trash countless lives to add just one more dollar to their billions. they threaten they bribe they'll do anything to keep their crimes in the door but the people they've heard are demanding justice their stories need to be told on america's lawyer. listen subletting online algorithms dictate what you get to want to go to portable dot tv slash download to get killer television it's completely separate i'm talking

award winning comedy awesome boards coverage inside so fresh still tastes like raspberries on a spring day so hot they'll burn your face off thousands of videos more added by the hour. it's yeah free go go get it. be. i'm holland cook i invite you to climb with me above the main stream media buyer and from that higher fat age to glimpse the big picture question more. while the majority of the u.s. economy suffers there is one industry that booming weapons american arms manufacturers are working full steam ahead and president trump is making sure that

the chrono virus doesn't get in the way our teens alex the hell of it has a story. as american suburbia and economic sectors come to a standstill. the war machine keeps turning in the past couple of months but u.s. has raised tensions with iran and venezuela air strikes in somalia have intensified america has provoked russia by suggesting the deployment of nuclear weapons in poland and u.s. warships have sealed towards china. when it comes to china just this week but u.s. has made matters even worse approving the sale of 18 advanced or paedos to taiwan for $180000000.00 needless to say china is not happy. finally firmly opposes the u.s. arms sale may high balance has made selling them a plank. in total the sale of weapons to foreign entities by u.s.

companies stands at around $180000000000.00 a year and coronavirus are not the trumpet ministration is making sure that doesn't slow down. with covert 19 locked down standing in the way of manufacturing president trumpet his team have made sure to remove that hurdle when it comes to the arms industry especially in terms of foreign sales added to the government's march list of essential workers which includes health care professionals and food producers in april president trump added defense industry personnel employed in foreign arms sales to the list by all accounts this order is also helping weapons makers fuel domestic demand as well we've spent $1.00 trillion dollars since i've been here more than that $1.00 trillion dollars on a military that we now have the strongest military we've ever had we have the best equipment the best missiles planes the best of everything according to the

stockholm international peace research institute the united states remain the world's biggest defense spender in 2019 with a budget of 732000000000 representing 38 percent of all military spending in the world although slightly lower in february the pentagon released its 2021 budget request at $705000000000.00 placing an emphasis on weapons that could be used against nuclear powers such as china and russia combining domestic with international sales the u.s. arms industry is pushing to nearly a trillion dollars that is not something that the trumpet ministration is willing to stand in the way. even if american workers are put at risk. with covert $900.00 still raging in the states employees continue to work at military industry factories and offices around the country and with business booming the workforce is expanding weapons manufacturer northrop grumman is planning on hiring 10000 more

workers this year raytheon is bolstering its military wing advertising 2000 new jobs boeing which is laid off thousands in its civilian. wing is looking to hire hundreds on the military and security side of its business and the world's biggest arms dealer lockheed martin has added 2365 new jobs since the beginning of the coronavirus lock down with the intention of hiring another 4600 people while some see national defense as essential to the u.s. many are wondering how manufacturing weapons for foreign entities fits that bill with the willingness to put american workers at risk by military industry assembly lines u.s. government priorities become even more. for our teeth and alex my heart of it. joining us now to go further and that is co-host and investigative journalist ben so ana thanks for being with us today start by telling us more about this memo and what exactly does it entail and cover. yes so just to be completely clear with the

audience so they understand this the trump administration has decided that when it comes to essential workers back in march the defense industry workers were considered and deemed essential i think that makes sense in most people's minds but what they didn't know was that in april a memo was sent and was adjusting this declaration to also include workers who were working on arms sales to foreign countries now the question becomes you know this is the big problem with talking about essential versus non-essential workers when we're talking about essential workers how is it essential to have people in factories working to build weapons for other countries these are weapons of war so creating a weapon of war and sinew overseas to another country is deemed an essential job here in the u.s. but people who work in salons or in restaurants and bars and are in danger of losing their entire livelihood are not deemed essential and i think that seems

crazy to most people especially the air like you're saying the small businesses who are now having to file for bankruptcy who are on the job that are no longer coming back now alex did just say he spoke about some of the companies that are profiting who else could be involved in this and how who are we even selling arms to yes so apparently 100 and. we just pulled up here $202200000000.00 excuse me $2200000000.00 in possible weapons sales to india to morocco and to the philippines $2200000000.00 again to those countries in addition to that there's a $150000000.00 blanket fund for the united arab emirates to sell them weapons as well listen that means and by the way some of these workers don't want to be at the factories they complained about people with coronavirus or covert being at the factory there are questions about you know whether or not the factories are safe but that's a separate issue i think then the issue of this which is that when we use the term defense it is it is unacceptable in my opinion to use the term defense when you're

describing arms sales go into other countries when we're selling arms to the saudis when we're selling arms to the united arab emirates these are not weapons that are being used for defense the saudis have been launching the absolute most horrific genocidal war in modern history against human killing off millions of people who are dying not just from the war but from starvation and the u.s. is providing all those weapons and yet we still term that defense spending and as we said that right now we're sitting in this moment of this pandemic around the world where people are being told you cannot work but then all these carve outs and exceptions are being made for certain special interest groups and that's again the problem with essential versus non-essential not to it's a very interesting them considered essential right now they're working on on weapons to sell during the pandemic it's even and crazier to think but meanwhile the trumpet ministration they're pulling out of another treaty now surprise this

time it's the open skies treaty with russia what was this treaty and why did the trump and ministration pull out yeah it goes all the way back to 1902 was put in place by george h.w. bush james baker was a secretary of state at the time related to when russia the soviet union 1st fell and russia was a very young country this open skies treaty was signed to essentially say that. you know russian planes not carrying weapons and u.s. planes not carrying weapons could fly over russia and vice versa this is been in place since 92 apparently the trump administration doesn't like it nato doesn't like it because they're saying that there are certain cities and areas that russia won't let them fly over and they don't like russia flying over their areas and so the u.s. apparently trump had a golf course that a russian plane flew over and was angry that they flew over its golf course and so they're saying that they're going to pull out of this treaty and they're going to go back and renegotiate interims words is always a much better deal because that's what he always says he's going to do that's what he claims to do but the u.s. has pulled out of a lot of treaties as of late is this something i mean how did that were saying they

pulled out of the 2015 iranian nuclear deal that they have the the new start which expires next year in february with with russia as well that it doesn't look like they're going to renew it the united states wants china involved in some other quick answer what what do you see happening here i think a lot of it is political i mean remember president truman ran on pulling out of the iran deal he did do that i think he wants to say that he's tough on these deals and he's making better deals but the question really becomes are these actually better deals that are getting done there is no deals no deal going on right and and with russia who knows what will get out well and had an election year so what that time taking not sure we'll get any deals here who was co-host an investigative journalist ben swan thank you for that report sort of things. and that's it for this time you can catch him bust on the man on the brand new portable t.v. avondale on smartphones over play on the apple app store by searching burnable t.v. and as always check it out on you tube dot com rationalised r t i'll see you next time.

if it. comes. down. to newton she of a good citizen who said you can only call your local office. that just look up one. syllable. of the stuff but don't take care of the sides fake fixing to force you to put stinky human body we know it's.

been a lot more serious for him all. let's stick by your lies to make bucks in sweden for the print agreed to function it thankfully the police in the uk and i know that some function is likely to shit shit shit. load of the. us. is your media a reflection of reality. in a world transformed. what will make you feel safe. isolation full community. are you going the right way or are you being

led so. direct. what is true was his fate. in a world corrupted you need to descend. to join us in the depths. or remain in the shallows. think all of the federal reserve bank would be to take the american economy private that is to say when buying all stocks all bonds all property and now deutsche bank and other banks are saying yeah they're going to print $130.00 trillion dollars they're not going to stop at 6 or 7 trillion the number of dollars going to print is going to exceed the g.d.p. of america by a huge factor and they're going to buy buy everything same with the other 3 or 4 major central banks around the world this is what neo feudalism looks like.

you can be both with the yeah you. know i'm just me but. what you're welcome to my world come along for. the world according to cheshire ships. today we discuss a new space accord for humans to abide by and the extension of government mass survey in one's.