case about every 10 hours. of the nearly $5000.00 active f.b.i. counterintelligence cases currently underway across the country almost half are all related to china. and at this very moment china is working to compromise american health care organizations pharmaceutical companies and academic institutions conducting essential covert 1000 research the f.b.i. director wept on to say that china manipulates politicians on a local level as well as businesses and journalists china often pushes academics and journalists to self censor if they want to travel into china and we've seen the chinese communist party pressure american media and sporting giants to ignore or suppress criticism of china's ambitions regarding hong kong or taiwan this kind of thing is happening over and over across the united states in response the chinese foreign ministry says that these comments are part of

a new cold war with china. after the eyes of the han the. raising remarks ignore basic facts and are full of political lies they don't get fully exposed his deep rooted cold war thinking if an ideological prejudice china firmly opposes this they know you will. i would like to stress that some u.s. politicians have recently made unwarranted smears on china playing up the so-called china threat and attempting to divert public attention and conceal their own problems with their plots are clearly seen by the world and will by no means of succeed. there's a lot to unpack here so joining us now to do so is boom bust cosen investigative journalist ben swan and host of economic update professor richard wolfe thank you both for being here now professor wolf i wanted to start with you here but we heard f.b.i. director ray say that half of the bureau's 5000 counterintelligence cases deal with

china is this such a broad brush that makes these statements kind of appear as if china has its hands in quote attacking every part of american life i mean what do you make of all of this. well i think this is absolutely kind of over that it must have been a decision to rat ratchet up the cold war language that then there will be not now for 2 or 3 years it's sort of ironic to use the chinese along to be the world's superpower if you are inside the world's only superpower as you say so it suggests what most of the world believes that what is going on here is that the united states has this strong word that another country is able to grow its economy stache the united states that's been true for 20 years it's changing lot

and now the united states is going to have worked out. some way to live in the world weeks not anymore alone that the economic will now you should do that in the balanced way but what we're seeing instead is lots of overheated political rhetoric that's only going to make working it out harder for all of us and the war in this age with nuclear weapons is so crazy that i'd like to believe that's not part of what's learned that you. know ben one of the statements made by the f.b.i. director claim that china has engaged in where is my quote here economic espionage what's really significantly is he claiming when he talks about economic espionage. yes so essentially what the f.b.i. director said and i want to read you what he said here he said that as you said economic espionage was a term to use but he said that that link to china has increased by 1300 percent

saying those called the stakes could not be higher and the potential economic harm to american businesses and the economy as a whole almost defies calculation he went on to describe what china's doing as the largest wealth transfer in modern history here's what's really amazing about that is that china is accused of attempting to conduct economic espionage and shift american money to itself meanwhile not a word was said about the fact that massive numbers of american corporations have outsourced jobs to china in order to boost the bottom line for shareholders and to make a lot of goods here in the united states very cheap by not paying american workers to do that work where was the criticism of that i mean you can't act as if china is alone in this wealth transfer a lot of the wealth transfer that has occurred in terms of american jobs going overseas was it initiated by china it was initiated by american corporations and it's followed up today by american corporations i know professor wolfe i mean obviously we talk about how

a trade war and the battle with weiwei could create this trade or this cold war that obviously we're discussing and that may be where we're heading but i mean how much of christopher raise comments are really just 2 to back up this push on trade to back up this push against tech and when it comes to walk away is that where we're seeing what we're seeing right now. i think that's part of it i think then it's not only a person that is in what he said decision to who were action or china was made by american corporations no one held a gun to their head they understood if they go to china they have to give the chinese something and what they gave them was a share in that knowledge and what they got in reach were much lower. wage workers and access to the chinese market which is one of the biggest and fastest growing in the world a good deal for china but equally other very good deal for american corporations

that's the honest truth the reality is that technology is an area where the chinese are strong very strong while lay has technologies that american companies will need to access sooner or later so going after them is a kind of a problem cation if you like but it only makes the tensions worse when what you really need is to work out a way to blend the 2 are commonly used to coordinate em so we don't get in each other's way and that requires some accommodation from the united states which hardliners like this f.b.i. person seem not to want to think about or see and some colors it all in very extreme ends which i think makes the situation worse and quickly before we wrap up you know if we've heard all the conversation about why weigh in c.t.e. now we're talking about tick tock and banning other chinese apps i mean where do we

see this technology war going. well i think we're going to see a ratcheted up and i think professor wolf is correct when he says that the chinese are way ahead in terms of a lot of this technology certainly while way in their 5 g. technology so the u.s. does need that but i do want to say you know one of the big criticisms that's been love leveled against the chinese over this national security law we did see you know as we talked about previously the 5 the tiktaalik is no longer going to be active in hong kong as the english version the chinese version. danceable essential take over there but while there is criticism here of that the u.s. is doing the exact same thing with ratcheting up talk and passing laws to ban the chinese from operating here to stop foreign influence what the chinese are doing the same thing there it's literally the same game is being played by both countries while pointing fingers at the other plenty more to cover but at last we're out of town ben swan and professor richard roth thanks so much for your time. and the trump administration has officially started the process of leaving the world health

organization following criticism of the institutions handling of the coronavirus pandemic now according to reports the white house has submitted a notice of withdrawal to the united nations secretary general and the u.s. congress which will be effective july 6th of 2021 leaving the w.h.o. does require a one year notice before becoming final now the news comes amid spikes in cases of the crow virus within the united states so on that note let's take a global look at the spread of the virus with r.t. correspondent sorry to have it or so where are we on wednesday so brenda where we are right now global cases there's now more than $12000000.00 cases worldwide global deaths there's over $549000.00 taking a look at the u.s. there's over $3000000.00 confirmed cases right now which is over 25 percent of the full global case says u.s. deaths there are $134000.00 so just so you're seeing the numbers right here that's nowhere from being over or under control the virus which is why it's so daunting

that the trumpet ministration has announced that the u.s. is officially was drawing from the world health organization you know where the u.s. is w.h.y. the largest donor and provides it was more than 4 $150000000.00 per year and this move is being criticized by lawmakers here in the u.s. and by other world leaders since the w.h.o. is the main organization that cordon its efforts to get personal safety and medical equipment like ventilators and other critical supplies to hospitals around the world but president has consistently accused the organization of aiding china and allegedly covering up the origins of the virus and allowing its spread and brand is a very dangerous move by the u.s. during a once in a century global pandemic which could also interfere with glow a clinical trials essential for developing vaccine as well as. efforts to trace the spread of the virus globally lastly i just want to mention that the pullout one

take effect until next year like you said which means it could also be reversed by a new administration and that's exactly what joe biden the democratic presidential nominee has said that if elected he would reverse the decision on the 1st day in office brant. how does the u.s. compared to other hot spots around the world so in no other place in the world has more confirmed cases growing as quickly as there are in arizona and florida and texas the u.s. states and this charge now it ranks the countries with the most come from new cases over the past week now just that for population size and treats each u.s. state as if there were a country because number many u.s. states have a larger population than some countries now the only 3 countries with outbreaks as severe as across as somebody states are a bad man qatar and oman not 3000000 stern countries with large numbers of very low wage migrant workers and these workers often live in very cramped housing brand

without any kind of medical care now while we keep hearing from the from president trump that the high numbers that we're seeing in the u.s. is due to testing but that's not completely true since the u.s. does not have a high testing rate for a developing country archie correspondents are terrible thank you so much for keeping us up to date. and time now for a quick break but hang here because when we return it has some sports teams are facing heat for their mascots pressure is mounting for them to change their names such a move mean for foreigners well we'll bring you the details and as we go to break here are the numbers at the close.

you know fred philosopher of altair said a lot of smart stuff like the value of all paper money eventually gets to its intrinsic value 0 smart guy right yet a lot of other smart things to save. their souls i was also. interested in. this goes a long way to. a knowing that desires you know hospital. in transporting the suspect james. patient and then

a miracle in the service to be nice. she loved this person for 44 years. in minutes she went you know she you and was a kind of message. that was. she gave drugs to be. remotely a man when you are going to. let it. go i think it almost black thing it might look others are getting i'm. not mean thing they say and i mean i don't mean you're nice i am. and the only piece on monday i know the song let me know when you know i'm going to. be like this.

54 jets and more than 1300 military personnel are headed to heal some air force base in alaska where is that to say come on i'll show you what's the reason for any type of enhanced u.s. military presence in this area rush up. what is it suddenly about the south china sea that makes it so. coveted 11000000000 barrels of oil. take a look at this map who really owns what kind of says no it belongs to us india says no we claim that that belongs to us both of these countries have nuclear weapons capabilities there is reason for concern so that's why we're going to drill down on this story for you today right here on the news with rick sanchez where you know as we always like to say we do believe by golly it's time to do news again. the world is driven by

a dream shaped by. the bears thinks. we. ask. for welcome back despite months of pressure from the united states denmark has allowed the russian nord stream to pipeline to continue development through the nation and for more on the development of the controversial infrastructure project which are things over to our correspondent peter oliver in berlin. may be loathed by politicians across the us but denmark has given the green light to the north

stream to gas pipeline project to come to new with all important one to see pipe playing vessels being put to work the danish energy agency has decided to stream to also may use pipe playing vessels with because in connection with the construction of the north stream to pipeline. the pipeline is a joint project between russia's gazprom and 5 other european companies when it's finished it will bring an extra 55000000000 cubic meters of gas directly from russia into germany and these particular danish ships are crucial to getting the job completed as we expected the da satisfied our request we will implement the project in accordance with the building permit and environmental impact assessment we continue to consider various options for its completion and in due time we will inform about our plans the reason this specialized equipment is so important is

that the pipeline is being laid in some particularly choppy waters nothing to do with nautical conditions more to do with the 50000 tons of chemical weapons that were dumped on the sea floor in the area during post world war 2 decommissioning the response from washington to the project has been equally toxic the united states says this pipeline will make europe overly reliant on russia for energy it will also lessen demand for u.s. liquefied natural gas last month a bipartisan bill was introduced into congress which could see u.s. sanctions imposed on european companies and individuals involved in north stream 2 totally unacceptable says the german gas lobby of such a tightened and ritu act of sanctions law would be an unacceptable encroachment on the e.u. sovereignty and energy security of western europe the problem for the united states

is that their product liquefied natural gas is more expensive for the european market and washington wielding sanctions like a club with which to be those that don't do as they're told is hardly going to win friends and influence people in european capitals peter. the boom bust and. and now to a little bit of news out of the world of sports last week and the n.f.l. as washington redskins announced the team would undergo a quote thorough review of the team's name a big criticism that the name is racist toward native americans now the latest upward over the name comes amid social unrest within the united states but the mascot has been at the center of controversy for decades the team's owner dan snyder who bought the team in 1909 previously said he would never change the team's date so why now are we seeing this review well maybe due to the major n.f.l.

sponsors like nike and pepsi getting pressure from investors to cut ties with the team unless they change the name fedex which actually owns the naming rights to the team stadium also received pressure and issued a one sentence statement saying we have communicated to the team in washington our request that they change the team name while target and wal-mart have stopped selling the team's gear in their stores and nike has also removed branded merchandise for the redskins from their store as well meanwhile the franchise the cleveland indians has also started a review of their name so let's go ahead and talk about the dollars and cents of the situation with victor matheson professor of economics at the college of the holy cross with an expertise in sports economics thank you so much for joining us today mr matheson or professor matheson as it were and now these calls to for the washington redskins and cleveland indians to change their name go back years in fact the indians don't even use chief wahoo that logo generally anymore and ownership it has been very reluctant what will these sponsors threatening to take

away revenue especially the stadium sponsor in the redskins situation actually move teams to change and really how much money is at stake here. so that's the real question right. it's expensive to change a mascot so people are obviously concerned about that it might cost a team maybe $10000000.00. alors in terms of changing signage paying for developing a new mascot that's something but remember that's that small amounts of money when talking about a team like the like the washington n.f.l. team that generates about 500000000 dollars a year in revenue so what the teams are really worried about here is whether long time fans will will leave the team if the name is changed. words are unfounded if we look at the history of for example college teens who change their names over the last 20 years again mainly means using indigenous native american

language but that's still the worry of the owners like. and now it is a good point to make that the washington and f.l. team is actually i believe the 5th or 6th most valuable in the n.f.l. despite what has been a good couple of years on the football field that's for sure now do you think that we'll see or if we were to see more importantly a full boycott from some of these sponsors because that's where the n.f.l. really is making the money if we see a full boycott from from some major sponsors like pepsi say we're not going to is spend any money is that going to move the needle a little bit more because it is really going to hit that bottom line. so if any major national sponsors pull the plug that puts pressure on the washington owner from the rest of the teams there because that's money that shared by the league as a whole i think however the biggest issue here was when fed ex said that they were going to request the name to change because remember fed ex is the stadium sponsor

of the mini right sponsor of where the washington d.c. ways. that's money that goes directly into dan snyder's pockets and doesn't get shared throughout the rest of the league so if they were to hold out that that's a naming rights deal oh well over $10000000.00 a year that's the sort of thing that really hurts and no matter how much and snyder wants to hold on to that that name. you know the 10000000 dollars 20000000 dollars a year of local funding there that's where for sure that's the sort of thing that moves. and now we also should know i mean as you said they always say like will people come along well frankly in washington d.c. there is a basketball team in the washington wizards well they actually had to change their name from the washington bullets if you're not familiar so this isn't an unfounded situation like you said there are a lot of situations they give americans a college sports as well but but shouldn't this actually be heavily embraced by this ownership investors in the team and really the leagues because of the

a massive amounts of money that merchandise sales will make with renewed interest in these teams. right this is what never made sense to me at all is that if you look throughout europe for example in the on soccer teams they will change the style of their jersey every year or every other year at the very least because again that's an entirely new generation of people who have to buy up the merchandise so you know again you do worry about some people who say i will never go back but that's really a minority of all fans what you do get is. huge number of people who 1st of all will clamor to buy the last of the remaining. 6 when they're there and of course we'll buy them you want to make a mint really that should be a bonanza not something to wear and of course don't forget 3 to 4 years down the road then we have throwback jerseys that we're going to have the washington

redskins may come back and frankly it doesn't sound like anybody going to stop you from going into the stadium if you still have a redskins jacket because that may be all you can afford or something like that now i want to hit on one more point before we we do go here july is going to mark the return of 3 of the 4 major leagues here in the u.s. the n.f.l. doesn't obviously start until the fall but this is about the bottom line is getting started but what happens if these leagues are forced to shut down again every single league that we're seeing in the in baseball in the l b the n.b.a. and the n.h.l. they're all actually seeing you know positive tests of covert so it's hard to say that this is going to continue is this going to be a real problem moving forward as they try to finish out their seasons. i was going to be huge problem now mind you i'm not that kind of doctor writing to but we've already seen major league soccer right moving back in as well as the national women's soccer league they were the 1st movers here in the us already they had game cancelled last night between the chicago fire and their opponent because again a positive. virus dell's burn moved out of it's moved out of.

its participation for major league soccer in the orlando team dropped out of the national women's soccer league tournament so the fact is every league that's trying to do this in the united states has had to start has had problems going forward and it's hard to believe based on the virus numbers we're seeing especially throughout the south that this is not going to you know it's going to be very very hard for these leagues i mean and that's exactly what we're thinking is i mean if you if you look at it if you're testing all of these people whether they're in a bubble or not in frankly i mean sadly not everybody is going to take it as serious as they need to and this could really cost these leagues a lot of money in the end a victory mattson professor of economics at the college of the holy cross thank you so much for joining us today. thank you for having me. and that's it for this time you can catch boom bust on demand on the brand new portable t.v. up a bill on smartphones and tablets through google play on the apple app store by searching

portable t.v. portable t.v. can also be downloaded on newer models of samsung smart t.v.'s as well as a roku devices or something just go to portable t.v. see you next that. when else shows seem wrong. why don't we all just don't. let me. get to shape out just to become active. and in detroit because the trail. when so many find themselves worlds apart we choose to look for common ground.

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you cannot be both with the yeah you want. the past 3 presidential election cycles demonstrate voters are against foreign tourists and foreign nation building nonetheless both remain high priority for the elites why is this our voters being denied a say oh see any exactly why should us and no one forces stay and. join me every day on the alex i'm unsure when i'll be speaking to

a guest of the world of politics sports business i'm show business i'll see you then. so this is a 2nd day of violent protests over the government's decision to reimpose the county because the theme of this weekend. any study shows the death toll from the corona virus in europe has exceeded that expected in a bad flu year by 2 thirds who talk to the special climate envoy about the situation. we have to learn to live with this virus and get on with our lives despite the fact that it's really dangerous and unpleasant. ah ah ah ah ah ah ah ah ah ah. ah ah ah.