actually you know it's. going to drive over this moment. which your thirst for action. a murder was never great was founded on the rapes in the murder. nothing changed so we said oh response so these situations that we're dealing with. people just sat there with this day she is just people kill each other blood for killing children. how soon is just no way that people are going to just sit back and allow children to be shot down law enforcement. this country

doesn't work for us it doesn't function for us. this is can't be happening in america we call from the streets we've got to deal with why this is the reason i have to run like this is the reason. this is boom bust the one business show you can't afford to miss i'm sam on tax day ok in washington coming up u.s. may unemployment numbers are in and the rate is much lower than expected pending global markets 3rd thing plus the turkish vision to ban chinese passenger airlines but still time to limit flights will both of us tell those to and investing in astonishment want to explain we have a pack show today so let's go and dive right. us may employ

unemployment numbers are in and the bureau of labor statistics show the unemployment rate dropped to 13.3 percent that number was expected to be closer to 20 percent it didn't take long for president donald trump to declare victory today is probably if you think of it the greatest comeback in american is you but you did something to stop here it's going to keep going i've had 144 all time high stock markets during a 3 and a half year period nobody's ever come close to that and we're going to do it again . well joining us now with more to break it down is chief strategist of cool intelligence and former federal reserve insider danielle de martino danielle good to see you thanks for coming on. nice to be here today now i want to start with this break this down what do these numbers look like why why why why are the markets surging. well i this came as a tremendous surprise i'm using the president's favorite word this came as

a tremendous surprise to the to the markets and to all economists for that matter no single economist was expecting the best one was negative 800000 we got a gain of 2500000 jobs along with a big asterisk from the bureau of labor statistics that said the margin of error is somewhere in the neighborhood of 3 percentage points on the unemployment rate that goes far to explaining whether or not they're having some difficulty in measuring the individuals who are on the paycheck protection program and whether they're in or out of the labor force so but again markets were not expecting the gravity of the goodness of this number and they rallied hard on it i suspect there were also quite a few people who were betting against the market coming into this who had who had to cover their shorts on many analysts and a lot of economists were predicting that we would see these these numbers not for another month right the recovery would take maybe a little bit longer but it looks like

a it's coming back or at least for now those unemployment numbers going and not as bad as we expected but then you know despite the reopening which is what it looks like the markets are following corporate bankruptcy spiked during may now pushing those numbers of filings to record levels of 2009 will this really have any ramifications or repercussions down the road for the american economy. you know it will and rather than follow the ads in the flows of the temporary workforce leaving the leaving the economy leaving the workforce coming back and i have been focused a lot on bankruptcies they were 48 percent in may we are going to see record numbers probably this year and i and if you look at permanent job losses as well what's what's being tracked by challenger gray and christmas we've got almost 1500000 through may so will we'll be taking out that record and again as you start to see bankruptcies that will flow through not to temporary job losses but to permanent job losses and that's what i'm really trying to focus on right now

because that's going to be the long lasting damage that we see come out of this crisis that's exactly it a lot of these jobs that are not going to come back now turning over to european equities they're also breaking out now that the european central bank has also put a stop gap in the market what sustaining the rally there. well i think part of part of the rally there is keying off of the rally here as well. even though their stocks of doing very well but for being for having a reputation of austerity angela merkel really have come out with the checkbook open and i think that there is a lot of enthusiasm about the the ability of europe to reopen more successfully by the way than the united states because they did take the covert curve all the way back down and have been able to to see a much more successful reopening as opposed to united states where we've seen the continuation of high levels of the of the coronavirus outside of new york new

jersey and a lot of them of countries with still with a lot of restrictions restricting travel as well so we'll see how that plays plays out i'm sure that the stimulus the $600000000000.00 stimulus euro stimulus that is is also helping now danielle let me turn to the equities market here it's extremely bullish right now with this print what is a rate market signaling and they seem to be doubting this recovery. well i think we're still getting different messages from the stock in the bond market we definitely saw a lot of bloodshed today in the bond market with yields backing up quite a bit and whether or not that reflects something technical in nature whether or not we're going to see a ceiling to in terms of how much the rates can can can can back up it remains to be seen what i can tell you about the stock market though is there the valuation levels as of today are in absolutely nosebleed unchartered territory we've not seen these levels for a generation at this point all the nasdaq reaching that all time high and see it

all to all time intraday high see it right there and even the dow like just so high right now and a lot of their companies contributing like boeing former fed insider daniel j. martino thank you so much for your time. thank you. the back and forth between the united states and china over commercial air flights is hitting a new high there is a china said it would ease coronavirus restrictions to allow in more foreign carriers shortly after washington said it planned to bar chinese passenger airlines from flying to the united states by jews june 16th they are attracted this but meanwhile shares of american airlines group soared on thursday after the airline announced plans to rebuild its summer flight schedule a sign that demand is slowly recovering after collapsing more than 90 percent in the past few months well joining us now to break this down is been less educated ben swan than give us a summary here of this back and forth between washington and beijing you have been kind of crazy there at the rate of escalation look there's been

a lot of tension between the u.s. and china on a lot of issues as of late but this one it escalated very quickly in the deescalated almost just as quickly so here's what happened china's and julie announced that they were going to allow for one flight per week from an airline from different airlines into mainland china into various cities we just kind of mirroring where they were back in march that was set to take effect on monday then in response to that the trumpet ministration said well if you're going to do that to us we're going to block flights from china at the same rate one flight from china can come to the us once a week and that will take place june 16th there was back and forth over about a 48 hour period and now as of friday afternoon china has turned around and said ok you know what we'll 'd we'll resolve that and will allow more flights to come in from the u.s. and the u.s. in response apartment transportation has said if you'll do that for us that will do that for you so it ratcheted up really quickly and then it came back down really quickly a little bit of bargaining here it sounds like but flights between the 2 countries

are mostly governed by an agreement 1st sign in the 1980 but the trumpet ministration says that china is violating that agreement why is that. well essentially that agreement is what u.s. air carriers used to be able to go in and out of china delta and a couple of other airlines said that they had been in contact with china and requesting to be able to kind of read begin service to chinese cities and various chinese cities but they weren't getting any responses china would not speak with them directly or respond to their requests as to when they could get that service up again that's what the u.s. department of transportation said was a violation of that agreement from 1980 and essentially use that as kind of the jumping off point to say ok if you're going to not talk to our airlines if you're not going to deal with us then we'll start cutting back on chinese flights into the u.s. you know what's strange about it there i think more than anything else is the fact that anyone could have really predicted this it's a tit for tat right that you come in and say we're only going to let

a few flights come in in the u.s. response by saying that we're only let a few flights come in and then everyone's over it already it's almost as if it was unnecessary to have this argument in the 1st place right way that started it but let me and let me ask you this then speaking from experience we flew into china last summer through hong kong a lot of people do the same thing it's so easy to just cross and from the mainland from hong kong the island to the mainland just across the border you can go by car it's about an hour and 45 minutes away not difficult at all in reality though many people who travel to china 1st again land in hong kong how will these restrictions her hong kong or will it all. so you make a really good point and obviously because you've had this experience of flying from the u.s. into china or specifically into hong kong and then traveling by car into china that can still be done at this point what's interesting is that the chinese government has not lifted restrictions on flights from hong kong to the rest of china and so

if you fly from the united states for instance into hong kong and then you need to fly from there to another city in china obviously not all or within driving distance you can't do it right now so hong kong has not had its restrictions lifted at this point and so it's more advantageous for american airlines meaning airlines that are american to be able to fly directly from the u.s. to those various cities rather than go in 1st to hong kong and unless you're going like you said somewhere somewhere close not all cities are close to that border however a lot of big cities here in the united states do have those flights whether directly or indirectly from d.c. from los angeles from a few other cities that go san francisco even to hong kong so it'll be really interesting to see how this all plays out and whether or not it even affects that because again thank you said this argument could have been avoided in the 1st place almost like it's just a tit for tat right i mean these 2 countries just keep going at it and that's

a good journalist and let's go host ben so on thank you for your time today. it's time for your global market walk let's start in russia where the molex ended the week in the green it rallied mid week after the government announced $73000000000.00 to jumpstart the economy through the end of 2021 this after coronavirus lockdowns called the deepest economic contraction since 2009 moving into asia where all 3 major indices are in the green despite rising tensions between the united states and china over beijing's national security law the shanghai composite ended the week up analysts believe china will lead the world's economic recovery after promising data regarding manufacturing and p.m.i. came in just above expectations in hong kong the hong saying also up on the week this is despite the concerns that the new national security law would put its status as asia's financial hub in jeopardy but the index rebounded more than 5

percent this week after it fell more than 7 percent in may still rising tensions between the united states and china and prospects of more protests are fueling those concerns now rounding out asian markets japan's nikkei also in the green the index hit 3 month highs earlier in the week in hopes of a global economic recovery the nikkei has gained 36 percent since seeing its lowest in march some pretty lows in the month of industrial and tech are leading the gains over that period now moving over to india the sensex also up for the week the index did break a thinks day winning streak still the market ended up as a former finance secretary garg who predicted the economy would contract by 10 percent for fiscal year 2020 and australia the a.s.x. $200.00 followed that same trend also up on the week this is despite economic data showing the country entered its 1st recession in nearly 30 years in the 1st quarter

of 2020 the australian bureau of statistics reported the economy shrank by point 3 percent. at the j.i.c. all shares in south africa also finished out the week in the green the rand has been rallying as of late as the country practically lifted lockdown measures now let's take a look at western markets let's start in europe london's footsie the french cac and the dax all surged on friday this was following us may unemployment numbers the shocking 13.3 percent this is that much lower than the expected 19.5 percent the footsie climbed 1.8 percent back in 2.8 and the cac jumped 3 point one percent the indices also saw some gains on thursday this was following the european central bank 600000000000 euro expansion of its stimulus and living across the atlantic let's move over to brazil where once again we're seeing a green arrow brazil's surge of 23 percent on track for its biggest weekly gain since 2008 latin american currencies rallied on friday this was due to

a surge in oil prices and despite countries still reporting thousands of deaths and cases of the coronavirus in mexico the b.m.v. saw some pretty big gains on friday again on those u.s. job numbers and a spike in oil prices here in the united states then let's move up to here where the 3 major indices are up the dow the s. and p. and the nasdaq all in the green looking at some all time highs nasdaq hit an all time intraday high at one point on friday the dow alone surged by more than $900.00 points boeing and raytheon technologies contributed highly to those positive gains as well as those unemployment numbers finally finishing up in toronto where the t.s.o.'s also for the week all markets in the green this is following a similar trend on u.s. job numbers and oil prices seeing their 3 month highs and that is your global market walk. time now for a quick break but stay here because when we return protests continue after george

george floyd death exposing race relations worldwide artie's rick sanchez. joins us and i asked him why well as we go to break here are the numbers up above. is your media a reflection of reality. in the world transformed. what will make you feel safer. tyson nation will community. are you going the right way or are you being led so. direct. what is true what is faith.

in the world corrupted you need to descend. to join us in the depths. for a mate in the shallows. you cannot be bold with the yeah you like. 6 guys or financial survival guide. when customers go by to reduce the price. to now well reduce and lower. that's undercutting but what's good for market is not good for the global economy.

as we continue to follow the demonstrations surrounding the black lives matter movement the protests here in the united states have inspired marchers around the globe as they too look to highlight racism and inequalities in their countries actually banks joins us from the church she is following that part of the story. actually there's a really huge movement happening we haven't seen this just in the united states we've seen it across the world. that's right sarah we have seen protests across the globe including countries like the u.k. germany the netherlands italy canada and the list goes on although a lot of people think these protests are over the death of george boyd it's a much bigger than the police brutality against people of color isn't just an issue here in the united states of america it's an issue across the globe people want to

see an end to this and they want to see an end to system make them raises them whether it be within law enforcement the political system or the educational system so the world is still in the middle of a pandemic the people are willing to risk their lives in the name of justice they say too many people have died and enough is enough i want to mention people aren't just protesting in the streets they're demonstrating out in the season even going to their local politicians homes and demonstrating trying to send a message that things need to change sarah actually how is the united states responding to this global movement. because of the u.s. is responding pretty positively as people around the world there are holding up signs during their protests saying things like black lives matter and your pain is my pain your fight is my fight this is this has given many americans feel to keep going and pushing forward once again in the name of justice now here in minneapolis i have even witnessed demonstrators walking up to media working for international

networks thanking them for bringing coverage to people that live outside of this car. 3 now reverend al sharpton we just got yesterday that this movement is different from some we've seen in the past saying that the crowds are diverse and he really thinks that these protests across the globe are going to bring about real change out there people here in the states and around the world are marching for george noise everywhere and people who have been victims of police brutality back to you say it was actually banks recording from minneapolis thank you for that report. now let's turn to our tease rick sanchez host of the news with rick sanchez to continue the conversation rick good to have you back now these protests they've now spread globally what is the root of the fanaticism that we're seeing that has suddenly awakened the world. it hasn't worked in the world that's a misnomer we who work here r.t. america because we're a global network the news of rick sanchez in particular we've been covering this

now for the better part of the last 6 months. you could say that george floyd incident was a catalyst for something that was already going on with all due respect to the reverend al sharpton these protests that are taking place around the world. are not taking place because people feel bad for george floyd. they're taking place because people realized what happened with george floyd and then people around the world saw how the police had reacted then people around the world saw the president of the united states essentially sick his security forces on peaceful protesters and brutalized and knocked down an australian reporter. and that's when people started asking the question about what the hell is going on in the united states now with that said here's the origin because i think that's

what you asked me and i think that's what we're trying to get down to here the origin of this is very simple for the longest time we our nation this country that we love and adore so much has become a very militaristic force around the world. if you are in honduras and you lost a child during the obama administration's essential coup in that country where they removed a president put somebody else in a lot of people died you were george floyd is the person you knew whether it was your son or your brother who died if you are from chile and during the day you had the regime of the united states essentially one in there and all but assassinated he committed suicide that we all assassinate the president created a huge few thousands of people died you knew somebody there that's your george floyd if you're from the dominican republic if you are from iraq where you know that maybe tens of thousands of children died when we bombed the country and said

that it was because they were the ones who attacked us on $911.00 which we know that 3 was not true so if you're from iraq you're looking at this i'm going that's my george floyd so when we see these protests around the world we know because we follow global politics and we've been following these stories for quite some time this is a reaction to george boyd because george what was the spark was the catalyst but the true meaning of all of these protests that we're seeing is people are uncomfortable and this is something that we have to account for as as americans people are uncomfortable with the fact that our foreign policy has been extremely abusive in many many countries where we have created the same situation with entire civilizations with entire groups of people that we saw the minneapolis cop do with george will i hear what you're saying that every country has their job. lloyd but even even that aside these countries are also protesting for their own rights in mexico for example people are taking the streets because so many women have been

killed these they've been brutally murdered by police officers so this this i think is i hear what you're saying but i think it also speaks for countries who are dealing with their own issues of either police brutality or some sort of violence and much like i said the women taking to the streets who have been a lot of the who have been killed groups of women the women's movement more so just on our neighboring country. yeah your point is well taken and i think what what happens as a result of and essentially we're both arguing the same thing that if you were to turn on c.n.n. or of us embassy or fox news right now they would tell everything to the george floyd incident without looking outside of that the danger with that is that we will then think that oh they just passed a new policy that says you're no longer allowed to use that chokehold ok everything is solved no everything is not solved because the underlying problems including the one that you just discussed where people in other countries are now saying whether they're going through situations like the women in mexico that's still an

underlying problem and until we attack that root we're essentially going to continue to have these situations as we've been reporting on once again for the better part of the last 6 months well rick let me ask you this the other day you and i were having a conversation just a few days ago about the. military's ation of police and going out to training suddenly something's happening in minneapolis for example there's an idea now that's been floated that they want to disband the police department they essentially have an organization of what seems to be volunteers is what they're looking at that would perform these neighborhood watch of nonviolent individuals right is a volunteer community in force even feasible how would this even work. well i mean it sounds silly. volunteer means privatized privatized means now i own the police department and if i have enough influence on that police department or if it happens to be my brother on the police department and i don't like my neighbor because for whatever reason i'm going to sic the police department

the privatized police department volunteer on my neighbor we've got to be careful with something like that there are things the government does well there are things . private organizations do well and in a case like this i don't want my police department to be privatized i don't like what's how. when with the prisons since they have been privatized so i think it's essential to keep the police as a form of our government i also think it's important for us to realize that police officers can't do everything i've been watching videos on you tube yesterday i saw where they called the cops because the guy was fouled during a basketball game there are videos of schools teachers they can't handle the student he's unruly they call the police these are not police functions we're over policing because i know when i assess but i think for a law in order that we're seeing is also much higher while the welfare spending has

declined how can how can that be what now l.a.p.d. is looking to defund the l.a.p.d. i mean what's the solution here quick answer rick no i think the solution is to look for let's let's start with the problem the problem is crime right we have too much crime in america we really don't the numbers are way down as a matter of fact so the numbers of crime the way down but the number of hiring of police officers is way up ok so if we say we want to be able to attack whatever nefariousness in our society we want people to be better we want to create better citizens we want to create non-criminals you start at the beginning you don't start out on the back again you don't wait for them to become criminals so what we need to do is perhaps even using some of those cops or hire less cops and hire more people that work in communities they hope are sure you mean many communities become a part of the community says there are good cops and i don't know but. i don't i don't trust the new they're going to baghdad terry guys the word vietnam and you

tell them they're going to train cops where at other times they do i'm sorry to interrupt you and i have great great great time space and thank you so much rick sanchez thanks again for coming on that's it for this time catherine west on demand and an incredible t.v. app available on smartphones on youtube dot com slash from the start he will see you next time. no was it clear that she was no use to you. but. at the k. it was a. more. yes

. yes well. according to several sources police in the united states from 2 to 4 people. being arrested for. their little. how long. someone close.

to new york police officers judge pleading guilty to assault charges they were. in the u.s. are expected to break a record numbers this weekend. demonstrations taking place around the globe in what's being described as the most intense well. movement. in 2030. spilled over the american border to mexico with violence erupting over the. reportedly arrested for not wearing a mask.