if you could ask why release the report now well it could be a coincidence or not but last week secretary of state might compare one with the backing both before congress asking for a significant increase in funding for the g c which happens to be the author of this report the state department's efforts toward $21.00 requests for the global engagement center is $138000000.00 more than double its current level we won't tolerate this information and other propaganda directed by the kremlin or any of our other adversaries doubled the budget for the sake of a handful of relatively unknown news sites opportune 200000 month leave us while solid reasoning all i can say is pump a was going to have to get a much bigger ball when he sets his sights on r t with that it's not a competition of course but 130000000 month but my total take oh no he's willing to give to the state department's rewards for justice program is offering

a reward of up to $10000000.00 for information leading to the identification or location of any person who acting at the direction for under the control of a foreign government interferes with us elections so mike tell me what's a gal go to do to get their hands on the 10000000. or with the report now there's being big recent gains for gold bitcoin on global markets what is driving the surge and will it last. and plenty more besides in a moment. the m. c. maxwell saga is one of the most sensational stories of our time however the media coverage appears to be limited to learning details and political overtones to the single biggest question that needs to be answered is how all of this could have

happened where was law enforcement and will justice be finally sir. thanks guys it's financial survival guide. when customers go by you or do sometimes . well reduce allow or. that's undercutting but what's good for the market is not good for the global economy. and illegal takeover of the government by a small group. rather than revolution reason. small group the cooperations when you have a tiny group of people who have all the power you have to have some means to make sure the rest of us don't get together and take it back. these are sacrificing. places that capitalism exploited and destroyed for profit and left behind

misery poverty environmental devastation and so you see things like voter suppression building more prisons you seem gerrymandering all sorts of undemocratic practices were well in that world for well focused world and there's no question that the. this is boom bust the one business show you care it's a boredom it in washington coming up the markets continue to surge but those numbers don't seem to fall in line with the real economy is us weekly jobless claims continue to mount it is the fault of uncertainty has clouded the global

economic outlook investors are rushing to safe haven assets like big oil and gold straight ahead we take a look at the moves with some crypto pros we have a packed show today floats. and dive right in. and we lead the program with the disconnect between u.s. markets and actual economic data now weekly jobless claims total 1186000 for the weekend in july 31st the u.s. labor department reported on thursday and now this came in below economist estimates of nearly 1500000 jobs lost and fell 249000 from the previous week marking the lowest level since the start of the pandemic now while this all sounds very positive keep in mind the continuing claims are still at what 16100000 despite dropping 584-4000 couple this with that massive contraction in us g.d.p. by 33 percent for the 2nd quarter of this year and you would think markets should be in shambles but that's not the case since testing lows in march at the onset of the pandemic here in the u.s.

the 3 major indices are thriving the nasdaq is continually pushed a new record high and now the s. and p. $500.00 well it's just a few percent away from setting new records which were established previously in february of this year while the dow hasn't been able to quite get to precocious 19 levels the index has made substantial gains over the last 4 month so why is that well to break it all down this disconnect that we're seeing let's bring in some expert analysis from co-host christiane and i am cheap market analyst at the trade thank you both for being here and i am it's great to have you back so let's start off with you what's propping up this market and clearly this is unsustainable so where are we had it. thanks for having me as always there are 2 major factors for 'd driving this market price of oil its support from the fiscal and monetary policy front because not this whole it no matter what the whatever

happened there was no way for this market to all and it's cheap these levels where we are today now the stock market. it is still waiting for a 2nd stimulus package and that is likely 'd to push the last thing in its as you mentioned and yet the dow index back in the positive territory for this year because it is down minute a 4 percent why the s. and p. $500.00 index is written a brisk you're off achieving is all kind of less than a percent now what is the other factor the 2nd major factor which has been really driving the stock market is the optimism around prono our respects and that maxine being. like coming to the market before the end of this year this is what the market is really anticipating the market is 'd really feeding that ok that was could be behind us with respect to one of our s. and from here on long in looking reach the last ounce that can certainly restrain

the recovery economic recovery process but even wouldn't have that much of an economic and pursing power that we've experienced back in march or during the 1st with the 2nd quarter of the ship all right now i don't want to give mansi here and i am but i do have a follow up on this you know we often talk about why there are things so positive but the question is is there a catalyst that can cause this bubble that burst do you see that happening anytime soon or with all of the factors that you just mentioned are going to continue to go up. there is always a possibility because right now market pundits have been comparing the current market means that what happened back in 2007 during the financial crisis remember we have that 4 string and then the market dropped and a drop to a substantial level so right now there is no doubt that the current. accrual ammara stock market rally is primarily contribute the contribution comes from retail investors or the us will call that what we would it's right now if these one who

has the come out of a market and if the economic data. begins to rule over what we're going to do we're going to fall back to fair we're going to look for more stimulus package from the fed do further i mean the fed doesn't have many bullets left in terms of their monetary policy the only thing rich is left but the and which is the most prominent fact or the most prominent think that for the fed to use is quote to be sure is there are stupid separation is there any intervention into the into the stock market and i am speaking of direct intervention through the need t.f. just like how the fed is doing in the in the e.t.f. of the corporate e.t.f. so i mean that is the only that's the next step from the federal reserve but what can really break this corner are a stock market rally if we don't get the coronavirus seen by the end of this year it's based on the numbers continue to you. and then the situation continues to go.

out of control that can certainly prolong the recovery process that can certainly be you know take that out of reach for us still are those in the stock market crash to an enormous level and of course all of a christian here now retail has been a sector that has been hard hit. record now that is having a domino effect on real estate what's the story there yes the u.s. retailers they're one of the main good to have been heavily hit by this pandemic and the subsequent shutdown so we've heard numerous companies now declare chapter 11 and those companies include neiman marcus and taylor event they're all using the chapter 11 bankruptcy as in order to quickly get out of their costly long term leases and shut to thousands of stores now but this move kind of threatens to up and huge swaths of real estate market and about half a trillion dollars for the commercial mortgage backed securities market so this is quickly becoming a tsunami of retail is not just of rejecting their leases which will have big

ramifications for the mortgages held by the landlords who are very opposed to us so lanois now are feeling the pain and. companies such as c.b.l. and associates the owner of more than $100.00 shopping centers in the u.s. they are now preparing to file their own bankruptcy after rent collections debt so 16 percent of retail prop loans in the city by m.b.a.'s they were delinquent in july so now as many as 25000 stores in the u.s. are expected to close in 2020 mostly within shopping malls and this is only the beginning as cushman and wakefield estimates that 10 percent of already occupied retail location a 1200000000 square feet they will go vacant by the end of the year and so officially now more retailers have filed for bankruptcy than any other year on record in history and now kristie as the pandemic continues all parts of this economy fraud is on the rise as well u.s. losses from kroeber virus related fraud have reached nearly 100000000 since march

tell us about that yeah so this is a really interesting phenomenon the criminal industry surrounding cove it has been exploding with complaints of scams nearly doubling in most states and this includes all scans and criminal activity surrounding covert from fake stimulus checks to shopping scams and fake cares and a study by the consumer protection group showed that california florida new york texas and pennsylvania were 5 of the most targeted states combined they account for more than a 3rd of the more than 150000 instances of covert fraud reported by the f.t.c. nationally so in total victims have now been swindled out of about $97500000.00 to date and this is a really unfortunate phenomenon that in desperation in the midst of a deadly pandemic that is turning people towards a criminal activity in order to make ends meet not that anyone is supporting this but price gouging and other criminal big activities and products can have also become widespread as well promising and everything from immunity to kobe cures and

everything to unsuspecting buyers only to then steal the victim's credit card and identity and now you're my you're sitting there joining us from london right now. so and we've talked obviously heavily about central bank intervention here the bank of england is actually saying now that there is a possibility they're not really wanting to do it but it's in their back pocket of negative interest rates what can you tell us about that. and of op we're not anticipating for the bank of england's to go 'd down the park and he's harm say if you get it into the. community by the governor and the ag and he listened to what the what they were the bank of england has done i'm not going to call the massachusetts hawkish but it was always street mortgage because the prime is killing wrong is. the bank is feeling comfortable where the corner virus. infection care because they still believe that

it's relatively flat they do not see this situation becoming as well as or as bad as it is in the us that yes. the g.d.p. the unemployment rate and the rest. well which it's been jobless benefits but you guys got over in the united states they do exist the last thing on the table not to mention the masterly right they also. despite that i think bank of thing then for the time being is keeping his options open and he's not ready to jump into negative territory in that negative territory with respect to its interest rate robots because kristie i and i am a slum of eva trade thank you both for breaking that down for us today. and let's take another look at the global spread of coven 1000 in the efforts to

control the spread of the virus with r.t. correspondent saya tavenner site where are we on the ground right now more than 18800000 people. the world i have been diagnosed with coburn 1000 while the global gold. scuse me has surpassed 714000 but more than 11200000 have recovered now in the us more than 5000000 have been confirmed positive for covert 19 and the death toll now has surpassed 162000 while 52 percent have also recovered now taking a look at the u.s. economy in the us in the u.s. i say nearly 1200000 americans have filed for unemployment last week now that's an increase of about 250000 from the previous week but still it's pretty high and still is the lowest since a mid march now as you can see there's a week's right down here so for 20 weeks in

a row at least $1000000.00 americans have filed for unemployment and so far in total more than $55300000.00 americans have claimed for unemployment since to have pandemic began brand and negotiations are taking place right now over the next quarter in 1000 stimulus package which president said on thursday that he would likely move forward with an executive order if white house and congress do not make progress in their negotiations will have to see where that goes brant those who say the race for the back seat is where we in the us when it comes to that so right now 3 companies are working with the u.s. government and which is pouring billions into developing new coal the 19 vaccines now those 3 companies are the most promising and moving quickly there we quickly into phase 3 trials which is the final stage before seeking approval for safety efficiency and dosing before it actually hits the market now those 3 companies are

pfizer and an over x. now the 1st one is a buy take company based in can bridge. who says and is the only company from these 3 that's developing the vaccine with the help of the us national institutes of health now they're out of phase of 3 trial was announced just last week and it's going to involve about $30000.00 adults at $89.00 a clinical research sites across the country now so far more than half of their participants reported side effects normal for a vaccine which include things like chills headache muscle pain and fatigue now the next one then there is pfizer that's right now developing more than one vaccine when partnership with german company bio and tech now the most promising one is there be n.t. 162 b. to a vaccine and it's moving into a combined phase $2.00 and $3.00 also started last week so they're going into phase

$2.00 and $3.00 together now if their trial is successful pfizer and bio and tech have said they're on track to seek a regulatory review as early as october and if they get an emergency authorization from the f.d.a. which is very likely the plan to have about a $100000000.00 doses by the end of the year and about $1.00 b.n. by the end of 2021 now those side effects with bad drugs are generally mild to moderate lasting about $1.00 to $2.00 days which also include fever for tb and chills now lastly there is no over no overacts which is a maryland a base bio company entering into phase 3 trials next month so in the fall and phase 2 trials have showed that the participants got the vaccine had levels of anti-bodies and fight off the virus that are 4 times higher than those developed by people who have recovered from cloven one teen so that's very positive and on the

safety of these vaccines some have experienced severe side effects including muscle pain nausea and joint pain and. those have lasted about 2 or 3 days on average so while there is a lot of this agreements between medical experts there is one thing that they all agree on that the quote in 1000 vaccine is not expect that to be ready before the end of the year brant r.t. correspondents are terminator thanks for keeping us up to date and time now for a quick break but harry here because when we return safe haven assets are back in the spotlight as the global economy stands on shaky ground just on the other side we break it down with some crypto pros and as we go to break here are the numbers that put.

out the financial language today with the money laundering 1st because it's cash in the 3 different. oh this is a good start well we have our 3 banks all set up something in europe something in america something overseas in the cayman islands it will do little these banks are complicit in the congress to decide to give much gold it's a need to do something. ok let's see how we did well we've got a national dream. for stacy old beautiful jewelry and how. you're going to build again from that you know what money you want to hire illegal don't be so much . join me every thursday on the alex salmond show and i'll be speaking to get us out of the world of politics or business i'm show business i'll see you then.

and welcome back during the pandemic it's no secret that investors have moved to safe haven assets in the past that has been traditionally gold but big coin has emerged as a clear rival interestingly the divide between big corn and gold is largely generationally now older investors prefer gold while millennial is are rushing into crypto and bit coy so joining us now to lend their insight is a school bus co-host investigative journalist ben swan and jeffrey tucker the editorial director at the american institute for economic research now but i want you to break down this generational divide for us. yeah it's pretty simple i mean gold obviously just hit an all time high of $2000.00 and older investors who know gold as a safe haven asset they know that it's something that governments around the world strongly desire and want to be involved in and they know that gold's been around

literally for amber and so they anticipate that it will continue to be they are hedging their bets with gold whereas younger investors millennial are leaning towards big coin which some call and our own chris the i calls it digital gold right it's a safe haven asset but it's also much more portable much easier to access and much more fluid obviously then you know gold would be so we're seeing a clear divide between the way investors are moving right now younger investors millennialist they really are interested in big quoting digital currencies older investors sticking with precious metals now jeffrey would this be the case does it mean that it's only a matter of time until big basically overtakes gold as a primary safe haven or is this going to be a situation where maybe as you become more experienced with investing you realize that gold is a little bit more static more safe for you it may not get those big returns but you have the long jetty what are you seeing here now. has a lot of advantages over gold in some ways because of his portability it doesn't

take up space it's weightless is easier to get as you said it's actually more affordable you know you. lot of a lot of. people getting their stimulus checks and. their money. and it's pretty funny it's also fungible with all the other cryptocurrency is you know if you get involved in an exchange. the markets are pretty big so it's got a lot of advantages gold does have advantages of longevity and that sort of thing. but i don't know i mean i see them not so much as competitors with each other as as being part of people's safe haven diversified safe haven portfolios and by the way i've seen this development since 2013 i wondered when i 1st. began and encountered because i began to play was it you know i saw that it was behaving very much like what you think of as a digital gold absolutely and it's interesting because i mean i've been to several

crypto conferences throughout the world and you cover and when you look at that generational divide you really do see it that it is a lot of millennial is out there now is there anything ben that can actually slow down because of rise in this space. yeah i actually think there are a lot of things that can slow it down the biggest thing are governments around the world look we know that the federal government in the united states is not a fan of big coin does not like it sees it as a competitor to the u.s. dollar the i.r.s. hates it coing they do everything they can to make your life miserable if you have it the trumpet ministration doesn't like it but i think beyond that we're seeing rivals in terms of what china is doing with its own digital currency right now which is a central bad digital currency and i think over the next probably 10 years we're going to see most nations around the world if not all of them attempt to move toward some kind of digital currency remember china's digital currency will become effective fully effective they want it by the year 2022 when they host the olympics that's what they're really hoping for but once china goes this route i would

imagine most advanced countries would try to follow suit the u.s. is probably the furthest behind of any advanced country in the world and yet i think we're going to see the us ramp up to this and i think that becomes the biggest competitor and stumbling block for big korean because they won't want the competition you know jeffrey i actually want to talk about this is big because we generally mentioned big point obviously i know you 2 are very well versed in this so you don't see it this way we're talking about because of the situation going to be that safe haven digital asset or is there going to be a different point that maybe takes place eventually as maybe when this regulatory hurdles go away are we really like short changing the future when we always mention bitcoin rather than thinking of crypto as a whole here. has the largest network and let's just be clear this network is actually increasing and for me not the latest increase of the prices or not just to lose various is not just speculation and you've seen gigantic increases and volume

of trading in the whole of 2020 and then after the lock downs came it really started to move and these are these are big numbers big traders and also you know moving lots of money because it's agile it's expensive to use which i think is another stumbling block that i think ben would agree with me that that's a problem with because but but nonetheless this is a serious thing and it's got a huge network it's going to be i think a very long time before in the year the crypto competitors will will have the kind of volume and the market cap because it has to some of these other currencies a smaller kryptos are very useful in some ways more useful than becoming but becoming is becoming that thing that it seemed like it was kind of destined to become after the stop scaling which was you know kind of behaving like a like the foundation of a crypto monetary system and our goal is obviously stood the test of time really

it's hitting all time high that we see it right now do you believe jeffrey that it's going to continue to outweigh the newcomers that like crypto currencies and like bitcoin or or will it eventually go down. so i have to tell you that the moves in gold over the last several months have surprised me and i don't think we would be seen anything like this were it not true or this sheer of inflation what the federal reserve is doing right now is utterly insane let me put it in a way i could be more moderate it's unprecedented. and bet you're one of the 1st to see this. but it's it's just just downright terrifying to look at sort of reserve balance sheets right now so that is what's driving the gold price up right now i think without the federal reserve's actions gold would be kind of the same old boring yellow metal that has been for the last 510 years and as the prayer endemic continues we're going to keep an eye

on this follow the movements of big coin as well as crypto currency and of course gold here on boom bust boom bust co-host ben swan and jeffrey tucker of the american institute for economic research thank you both for your time. and finally now here on boom bust we have talked about the bustling business of video games amid the pandemic as the industry has seen a massive spike in sales streaming in time spent playing and now we are really seeing the effect on bottom lines as giants the field file earnings reports now nintendo reported thursday that operating profit had jumped 428 percent for april through june quarter outpacing expectations now the company's operating profit for the quarter was 144700000000 yen a huge jump from the 27400000000 yen reported for the same quarter last year now a lot of this can actually be attributed to the massive success of animal crossing new horizons which has sold more than $22000000.00 copies after releasing right around the start of stay at home orders here in the united states consuls council

sales were also up as well as nintendo said the switch and switched light sales grew by 167 percent to just over 5 in. half a 1000000 units sold in that 3 month period they were alone as activision blizzard the publisher behind smash hits like call of duty and world of warcraft so revenues surged nearly 75 percent to just under 2000000000 while take to interactive the publisher of the n.b.a. 2 k games grand theft auto and red dead redemption they saw a 54 percent increase in revenue over that same period of time very very interesting and that's it for this time you could catch boom bust on demand on the brand new portable t.v.'s which is available on smartphones and tablets through a play in the apple app store by searching portable t.v. portable t.v. can also be downloaded on newer models smart so smart t.v.'s samsung smart t.v.'s as well as roku devices or simply talk about a portable t.v. we'll see you next that.

shows seemed wrong. just don't. let me. get to see. this day after. and in detroit because the trail. went something find themselves worlds apart we choose to look for common ground. the world is driven by a dream shaped by frank person of those great. sinks

. we dare to ask. live from the world headquarters of our t. america in our nation's capital this is the news with rick sanchez hi everybody i'm rick sanchez and i want to welcome all of you who are watching from all over the world including those of you who are watching us on your phones using the portable t.v. up before we do anything else i want you to take a look at this video.