set to further tight restrictions on wild way as president donald trump says the white house is looking at potential action against other chinese giants we'll bring you the latest plus japan has seen a huge economic contraction due to the copan 1000 pandemic will take a look at how this dire economic news is affecting world markets and as 2 major college football conferences have postponed their season over the financial landscape of sports amid the pandemic with some expert analysis we have packed show today so let's dive right it. doesn't stop with tick tock and walk away now u.s. president donald trump said saturday he will go even further and is indicating that he might be an access to other chinese companies including e-commerce giant. well the big thing is one way to read what he's not here and one way i'm not allowing and i've told european countries and others australia has been fantastic as an example but well he's not coming here and then we told certain countries that was thinking about well way that's ok you can use them but we're not going to be

sharing intelligence and they've all backed away you look at the u.k. it looked like they were going that way and now they've scotland yard and there are a most well you know them to do we're looking at other things. and this comes after the president signed an executive order on august 14th which requires tick tocks parent company bite dance to divest its interest in tick tocks u.s. operations within 90 days now once again chinese foreign ministry officials say that this is just another example of how the u.s. is violating its own free market principles. because as a dummy so does he once again proves that the so-called freedom and security are nothing but an excuse for the digital gunboat diplomacy pursued by some us politicians. do this type of bullying is a blatant denial of the market economy competition that the us has already has advocated. and joining us now to discuss is bus coast investigative journalist ben

swan and geoffrey tucker editorial director with the american institute for economic research thank you both for joining us but i want to start with you here because we know you've been very critical of the u.s. stance on chinese companies including this move over to so does this latest statement i mean he just matched it over ali baba does it surprise you. it doesn't surprise me it disappoints me i continue to be disappointed by these decisions by the trump administration really to take the stance look i have a huge problem with that i have a problem with the way the way has been treated as a private company but essentially having the u.s. government essentially launch not only a war against wall wait here in the u.s. but to really go to bat overseas and to try to get while we remove from countries around the world which again is not a government entity it's a private company now you can argue and you can say well you know why the way they give their technology and they give access which is what the u.s. says to the chinese government but the u.s. is still never produced any evidence brand of this they've never shown any evidence

of this actually happens now they're saying the same thing about ticktock that all this data can be kind of sent over to the chinese government but they haven't shown proof that that's happening and here's my biggest concern about all of it is when you're talking about getting rid of take top or forcing it into another big american tech companies hands when you're talking about getting rid of ali baba which is really the only true competition to amazon anywhere in the world as an e-commerce site when you're talking about doing that when you're actually doing is you're strengthening the monopolies that these tech companies already have the stranglehold they already have and by going around using the full force and might of the u.s. government you're preventing any kind of foreign competition to companies that are not benevolent companies or companies that have abused their power in the past and will only continue to increase that abuse as they are the only game in town not jeffrey what about that point that ben is making here i mean these moves are actually anti-trust or anti-competitive practices but are being issued by big

government instead of another company do you see it this way as well. ben is absolutely right somebody else is absolutely right is that the spokesman for the chinese communist party i hate to say. you know when the communists are preaching markets and competition and the u.s. president is 'd is is using a wild experiment in digital protectionism and nationalism it's a little we're entering into a very creepy realm you know i never thought i would see the app a con a me be be shattered and bludgeon like this in the name of nationalism and i don't even know what it looks like it's a level of crazy i can't even expect and that's exactly right you know you start getting rid of all that robin and start tearing down random apps that social media apps that kids love to use you're in a different kind of realm you sort of government power the contradicts everything

we've known about competition and market economics for hundreds of years it's deeply dangerous and very very disturbing you know burn the trumpet ministration notes on monday it will further tighter restrictions on weiwei technologies aimed at cracking down on its access to commercially available chips what does this actually mean. yes so essentially what they're doing is they're they're going to add $38.00 weiwei affiliates in $21.00 countries to the u.s. government's economic blacklist so essentially there's $152.00 affiliates since while we was 1st added back in may of 21952 affiliates of weiwei can no longer be able to sell those chips because of their connection to wall way listen what jeffrey just said it should blow your mind and i know this show is watched globally and it's watched all around the world and for those of you who are watching around the world this is not what american capitalism is supposed to look like you do not kid yourselves that's not what this is opposed to be america supposed to be

a nation of free markets where you come in you build a company and you are able to have an even playing field not equality of outcome but the equality of opportunity and what this president is doing is acting as if he is the communist leader in a country like china where he would say the government will decide what companies exist the government will decide what controls and here's the really crazy thing about all this the companies that he's actually building up by doing this are companies that hate him that companies that are social media companies can't stand this president the tech companies that he's defending and and the e-commerce sites and amazon and their owners like jeff bezos they can't stand this president so why is he been doing over backwards to give them even more power at the expense of a free market principles it just my head explodes every time i do one of the story jeffrey i think that big question of ben's asking why is very important because what are the economic or even national interest points in making movies like this

by the united states president. well this is going to set us back technologically even further than we are already and it is true that china is way ahead of the u.s. in communications apps and financial technology and $5.00 and $5.00 g. so to enslave the u.s. economy away from that kind of influence of technology is going to throw us even further back and it's not going to help us economically look i think what i don't know have been agrees with me about this and i but i've thought about the slot i think what you really have here is a president that's genuinely confused he sees the world as a 0 sum game and if somebody else is doing well that means they're at the expense of the u.s. and if we crack down on them and make them suffer and somehow that's going to make the us better off and i think he's a genuine old fashioned protectionist and almost alone he's overridden 70 years worth of u.s. influence in the world towards free trade prosperity and free markets to implement

americana to list 18th century style a nationalist regime and i don't know what else it could be due to except basically intellectual air because u.s. companies do not want this they've they've always opposed the president's tariffs and they're certainly opposing this even though as ben says some of the big tech chants will benefit from of this but i don't think they want war with china this is very disturbing be interesting to see what happens with a if there is a change in leadership in the country in november as we have an election coming up here so we will see that jeffrey tucker of the american institute for economic research boom bust co-host ben swan thank you both for your time. and trading in the markets remain subdued on monday as traders weighed the prospect of tighter quarantine measures against continued government support now meanwhile tensions continue to mount between the u.s. and china as the 2 have postponed trade talks as well that had been set for this

past weekend to discuss the status of the phase one trade deal but markets perked up slightly as china made another liquidity injection let's go ahead and bring in blue bus co-host christiane to go over the details chris i want to start right there what does this new liquidity injection mean for these markets well the people's bank of china just offered 700000000000 arm b. of one year funding via the medium term lending facility so this is to offset the 400000000000 army that in loans coming due monday as well as the other 150000000000 maternal later in august so this liquidity injection signals a moderate easing of monetary policy monetary conditions as well as interbank borrowing costs that also decreased following this cash additions so this additional liquidity and the government support this help to to support the shanghai composite rally and close up about 2.3 percent and indicate to the entire market that vary so much of the fed like the fed the p.t.o. c. is now taking a more accommodative stance on keeping liquidity at levels ample and this will

ensure that commercial banks will have and can can continue to support all the bond issuance is and stabilize credit growth so all in all central banks around the world are becoming increasingly accommodated in the face of this pandemic and the markets taking it like steroids it's becoming addictive and it has diminishing returns as we get along now kristie we've talked about there's actually off there several times but what happens if we stop seeing central bank intervention what is going to happen to markets in the economy the central bank intervention is the only thing that is supporting the equity rally right now it is the only place where people are getting any sort of yield growth because everybody expects the fed the central bank the p.t.o. see what. ever nation the whatever nation is they expect the central bank to come in and support the market because right now as i said it's like steroids there's diminishing returns every single time but the market is taking it because it is addicted to it and then with the additional liquidity injections they believe that is too big to fail so every single time we have this rhetoric it's always bad news

is good news because the worse the market conditions get the worse the pandemics get the worse the real life economic conditions that people and consumers face the more support and the more stimulus we're going to get and now speaking of the worst japan just reported its worst drop in g.d.p. on record as saying that it continues to rate how does that compare with the other economies that we're seeing contract and some even expanding at this point well like all of the other economies japan david a contraction was largely due to the shrinking consumer spending because of the restrictions imposed in order to contain the code that spread but a lot of it was also from falling exports so consumption like the u.s. it accounts for about half of the japan's economy and that's left about 8.2 percent in the last quarter and the downturn in global trade shows about 3 percentage points off of g.d.p. so while this drop hasn't been as drastic as some of the other countries that we've seen the u.s. the u.k. as well as germany that of all topped about 10 percent slump this japan actually

started off on a lesser foot and they were already in a more fragile economic state to begin with so this has been the 3rd consecutive quarter that growth has contracted which kind of underscores the vulnerability to further downside shocks so analysts are also warning right now that the 2 stimulus packages announced in order to support japan that will expire in september which will pose a huge risk to the small and medium businesses businesses that comprise the bulk of japan's economy so it's a very similar situation to what the u.s. is actually facing right now now as markets continue to bounce back kristie trading volume has increased noticeably for retail we've talked about that over the last couple of weeks robin-hood just announced its 3rd major cash injection or. or to keep pace with the growth what's the story there so it seems like a good portion of the stimulus checks are actually going into trading whether it's robin hood or cryptic currency trading as people stuck out home they've decided to become day traders in order to generate income so the younger generation especially they have jumped ahead headfirst into a market that has experienced the fastest bear market and recovery and wall street

history so rather who was a trading platform that suffered multiple days of blackouts due to being overwhelmed back in march with orders during the drawdown so they had just announced a 200000000 series g. funding on monday which is the 3rd major investment and nearly 5 months so it's valuation is now $11200000000.00 which is an increase of $3000000000.00 from simply july if you can imagine the growth has come in a historic year for the u.s. equities market as robin hood t.d. ameritrade. as well as they have all seen record consumer account growth in 2020. christiane thanks for breaking it down for us thank you. time now for a quick break but here because when we return as professional sports leagues have begun to return to the united states could we see moving forward with college teams and with the kobe. we'll dig and.

join me every thursday on the alex simon show and i'll be speaking to us of the world of politics sports business i'm show business i'll see you that. summer solution that's right some resolution. today we're covering whether or not gold price moves are signaling the end to the u.s. dollar aware of yes superstar announce to the class of gold money dot com alister welcome. is your media a reflection of reality. in a world transformed. what will make you feel safe from. tyson

nation the whole community. are you going the right way or are you being. direct. what is true what is faith. in the world corrupted you need to descend. to join us in the depths. of the shallowness. so what we've got to do is identify the threats that we have it's crazy confrontation let it be an arms race. spearing dramatic to follow to the only really i'm going to resist i don't see how that strategy will be successful very critical time to sit down and talk.

and welcome back home but 19 has officially taken the lives of more than 170000 americans as a london so with this in mind let's go ahead and take another look at the trends and spread of the virus globally with our correspondent side. where we monday so

grand we're now reaching almost 22000000 a global cases and while more than 14600000 people have recovered or 746000 have died which now is obviously actually climbed to 775000 now look in the u.s. alone there's been over 5500000 confirmed cases and while the death gross has now grown 217-3000 now so looking not just in the u.s. this shows the growing a daily new cases happening now or the past week there's been an average of 51000 cases per day now while these numbers remain high across most of the country the cases have actually dropped since late july when the country was averaging about a $60000.00 cases per day now meanwhile death still still there high peak levels during spring i should say have reached an average about

a 1000 deaths per day which is more than double actually from early july and according to a projection by the c.d.c. the number of deaths could grow 218-9005 september 5th would average about $842.00 deaths per day now looking at the trend for the 5 most affected countries with the most new cases per day this is where we are india has been recording at least 50000 cases per day since july while the number of people who have died has now top 5. $51000.00 india is also the 3rd country behind brazil and the us to record more than $2000000.00 cases but it does have a relatively low a fatality rate or 1.9 percent compared to the world of the average of 3.5 percent so that is somewhat of a good news now in the u.s. is up discussed earlier is nowhere near flattening the curve with an average of

$51000.00 cases per day now brazil is suffering the world's worst outbreak after the us now they have 3300000 cases and over 107000 deaths and just when we see that their cases are going down from 8 year indication the cases go right back up again now they have the 4th highest number of cases in latin america and as you can see their cases are just continuing to climb now meanwhile on a per capita basis colombia for talent numbers are the worst in the world with 43 point one deaths for every 1000000 people now another country hit hard in latin america is peru which added more than 10000 cases just in the last 24 hours pru also has the highest the 2nd highest number of cases in latin america following brazil and brant besides the u.s.

all these countries india brazil 2 and colombia they're all developing countries so the if you want to flatten the infection curve now the more you going to have to lock down these countries and when you look down a country you'll need more then you'll need more of a fiscal space to ease the recession that's going to follow and that income that fills the fiscal space for the developing from the developing countries is mostly from foreign income like commodity and exports and tourism which has all collapsed in the face of the pandemic so in other words just when these developing countries need to manage depend. make most have seen their fiscal space this appear and under these conditions if developing countries want to flatten the curve they lacked ability or a capacity i should say because if people have to choose between a 10 percent chance of dying if they go to work or a guaranteed starvation if they stay home well they're bound to choose work over

staying home. archie correspondent sorry tapper thank you for keeping us up to date . and as the nation continues to grapple with the crowed the 4 major sports in the u.s. have resumed or started their seasons while the national football league plans to start on time in early september but college athletics well they're a whole different story as 2 of the power 5 conferences the big 10 and pac 12 have decided to postpone fall sports including football the move has prompted players to push for a reversal of this decision ohio state quarterback for instance and possible heisman trophy finalist justin feels well he started to change dot org petition titled hash tag we want to play which as of monday had received more than 200000 online signatures players have also found an unlikely ally in president donald trump. i want to say that i want college football to come back these are strong healthy and credible people great great talent quarterback dr lawrence called me on 2 days ago to

a couple of times and he made the statement that he feels he's safer on the field he safer on the field that he's out. you know outside of the field he feels very safe and now it should be noted that college football is a huge business in the united states with these power 5 converts and pulling in nearly $3000000000.00 in revenue in fiscal 2019 a lote so let's go over the financial ramifications and bring in kurt bought in house in senior editor at forbes focused in sports the business of sports current thank you so much for joining us today i want to start with this here we know we know that there are billions of dollars in deals when it comes to television rights for sports how are these postponements for college ball going to affect television deals and the networks going to be hurting as they've already had to face truncated seasons for the n.b.a. n.h.l. and m l b. it's really a mess across networks across courts leagues whether you're talking about pros where college. the pros so much of the mind when when we talk about basketball and

hockey and. tickler is tied up in the playoffs as well. as for major league baseball and so if those sports are able to accomplish the playoffs soon then for the most part that we have a clip most of their t.v. money but to your point the schools are going to big hits the big 10 has massive television money that comes in we've seen michigan and wisconsin so they could lose each $100000000.00 if they don't have footballers year. when there isn't you know i mean most of these are long term contracts the pac 12 is in the middle of a 12 year contract so for the most part you know they have a partnership and they want both parties to be happy so it's not a case where the networks are going to cut off the schools and the schools are going to push back and say we need 100 percent of our money there is

a partnership between the 2 candidates and no if we look at this that that's wall street the e.s.p.n. disney's of the world what about main street here with the trickle down effect here let's look at something like clemson university which plays in the 8th see and it's still playing to play its season but if fans are in the stands how is this going to affect all the small business is in the area that rely on hundreds of thousands of fans coming through every week because that south carolina is not exactly a booming town outside of the university what are we looking at there. yeah absolutely college football particularly in the schools in the south east there their own huge economy is just on their own on weekends and it's not just game day you have. tens of thousands of people coming into these towns every single weekend they're staying in hotels they're going to restaurants they're shopping you know these generally hundreds of millions of dollars beyond just what they're spending

in terms of tickets and so you know we're looking at a situation where either they're going to be no fans in the stands or very reduced capacities which which will have a severe impact on these local businesses you know looking at a broader angle what are your thoughts on the sport that have been able to restart with each really kind of making their own perkoff sions to limit the spread of the virus who's doing it right and has this been a win for these leagues so far. i think that certainly the leagues that have operated in a bubble namely the n.b.a. and n.h.l. but also when i last. as well as you look at smaller store sleeves like the premier the cross league operator new top they've all had. very strong success have been very few positive cases since the bubble started. and they've been able to move forward and again the n.b.a. started the playoffs today. the playoffs their revenue picture looks dramatically

better baseball has been a little trickier because they're playing in their home markets there's no bowl but for the most part you know if you look past florida marlins you have passed the soon louis cardinals then been able to operate almost business as usual with very low numbers of pieces so i think as you move forward to closer to the playoffs for baseball i think you'll see teams really a lot of things down so they don't run into they do their best to not run into a situation where there's a big operate within the curb on those enough for us thank you so much for your time and insight we'll have you back to talk about this further 'd. thanks so much grant. and that's it but this time you can catch boom bust on demand on the brain new portable t.v.'s which is available on smartphones and tablets to google play in the apple app store by searching portable t.v. or t.v. could also be go to a newer model failed so smart t.v. as well as a device that are simply check it out a portable t.v. we'll see you next time.

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beller ascenders same 10th day of anti-government rallies as more factory workers go on striper demanding a new election after the bell russian leader makes an offer to protesters saying a rerun of the disputed presidential vote can take place only if the constitution is amended. by little. ok. the leaders of france and germany reach out to president putin to discuss the situation in belarus russia has called on all countries to avoid interfering in the crisis. also this hour with covert 1000 and factions.