you can't taper. off before they can only. expand. exponentially. the bigger base of the pyramid scheme get bigger and bigger and bigger it is showing up in prices commodity prices. people now reporting back and forth food i'm starving on the street. seemed wrong. but old rules just don't hold. any new belief yet to shape our disdain to become agitated and engagement equals betrayal. when so many find themselves worlds apart we choose to look for common ground.

i. this is boom bust that one business show you can't afford to miss friendship or in washington coming up new chinese restrictions may cause problems with the sale of social media after tax u.s. operations as reports indicate a deal could happen within days we'll dig into the details plus china's manufacturing sector is continuing to grow but what do these numbers mean for a global economic recovery will bring in some expert analysis to see what where things are headed and later a host of brecht's in trade deals in jeopardy as the e.u. and u.k. are deadlocked over certain provisions will go over what is holding up these talks we have a packed show today so let's dive right in. and we have hit a new and dramatic chapter in the fight over social media app tick tock only days

ago it looked like to talk was about to announce its sale of u.s. operations within a matter of days but now new rules from the chinese government may be able to actually block that sale late friday beijing announced new restrictions on the export of artificial tech in teligent technology as initially blocking talks between tick tock and its many suitors including microsoft wal-mart and oracle saturday china's official newspaper news agency quoted a government trade advisor as saying bite dance should study the new export list and seriously and cautiously consider whether or not it should halt its sales negotiations the chinese ministry of foreign affairs for their part also weighed in on the situation monday. chia the. china has repeatedly stated that we are going to to the u.s. abuse of national security concept and how we're going to reasonably suppressant illicitly enterprise which are other countries. well move fund the u.s. attorney with no economic believing me to manipulation against 9 u.s.

companies let you know whether it is legal to coerce transaction with the government mandatory transit agency to do what the u.s. has done is nothing short of actual words iraq very out of the interests holder not only violates murders and simples but is also an irony your ship was a market economy and fair competition principles in the us are totally always advocated and joining us now to discuss this boom bust co-host investigative journalist ben swan who's been following this story but i want to start with these new regulations what specifically do they do. yes centrally it's different departments of the chinese government it is the science department it is the technology department and it is the commerce department and essentially the 3 of them have new regulations involving different areas including computing data processing technology as well as text analysis content recommendation speech modeling and voice recognition brant you and i would know that as every bit of technology that goes into a social media company right and so what they did is it the centrally created new

rule saying if you are a chinese company you cannot sell that technology without approval from the chinese government that's really the bottom line here you know up until these new restrictions were actually and now it's tic-tac was saying that announcement for their north american sale would be announced within days or within a couple of days some even saying tuesday so that would be tomorrow who who is the most likely candidate to acquire the company and you think that's still on. well up until this point it's been really down to 2 was oracle and microsoft and then late last week we saw microsoft joined in their bid alongside wal-mart and so wal-mart and microsoft you know it could easily push that bid up to $30000000000.00 and if that's the case you would think it would go to them but i guess the question becomes not so much will tick tock or bite dance attempt to sell to talk to microsoft and wal-mart the question comes down to can they do it with these new restrictions that the chinese government has put into place now you could argue and say well listen they're selling off north america meaning the united states and

china they're selling off new zealand and australia that's the part of their core business they're selling and they're not even actually selling the business that sounds like the way they're rolling out this this cell would be to sell assets that belong to the company that essentially comprise of the north american technology for tick tock the question is not can they do it i'm sure there's a way for them to do it it's what would be the ramification for doing so are we talking about criminal penalties against the owner of my dance are we talking about criminal penalties for the executives in charge or even chinese investors and if that's the case then i think you see it halts because of the consequence of moving forward is that ultimately what beijing is doing here and it's interesting i would have to see how much the split of tick tock while there is the chinese version of the app and then there's the app that's basically used everywhere else how that would play into it now i want to bring up that whole wal-mart angle because on the tech side it clearly makes sense that microsoft would actually want to jump into the social media space but why would wal-mart what ahead of this. yeah i mean obviously as you said microsoft wants

a piece of it because they have been abysmal as a company in terms of developing any new technology they can't even get a search engine right now suddenly they want to acquire basically the hottest social media company in the world so it's a good move for them for wal-mart though it's kind of an interesting move here because wal-mart is way behind amazon as you know as an e-commerce company and that's where kind of the new step for wal-mart has to be is to develop its e-commerce business the reality is the vast majority of young people who used to talk the millennial and teenagers who use it also don't shop at wal-mart on a regular basis and they increasingly do so less so what wal-mart's not trying to do with take talk is encourage them to walk into wal-mart what they would want to do is build an advertising model 'd directly through tick tock that encourages those millennial and those teenagers whatever generation there and to essentially become part of the e-commerce side of wal-mart by making it cool as a part of ticktock and of course you know that wal-mart would have a hand in wanting some of that data that is being collected by any social media

boom bust co-host and investigative journalist ben swan thanks for breaking this down we'll have you back on later this week to talk more about this you've got to print. and shine on monday announced growth in manufacturing for the month of august as the nation continues to set the stage for an economic recovery after being battered due to the copan $1000.00 pandemic the manufacturing purchasing managers index came in a 51.0 for august down slightly from the 51 point one reported in july cording to the country's national bureau of statistics now for reference remember a p.m.i. reading above 50 shows economic expansion of the services sector in china is also growing with non-manufacturing p.m.i. coming in a $55.00 for august compared to $54.00 for the month prior government stimulus funding infrastructure project has helped the recovery along with exports of medical supplies which surged in the 1st half of the year due to the pandemic so let's go ahead and take a look at the globe for global recovery as well as the state of markets with tobin smith c.e.o. of transformative research tobit always a pleasure to have you here i want to start with this data out of china they were

the 1st to institute these lockdowns and one of the 1st actually lift orders so what does the economic growth we're actually seeing out of china say about what we might be looking at a global recovery what that might look like. while it is says this is china got it right and most of the rest of the world got it wrong now obviously it's a totalitarian country when they say we're close in the cities you close the cities they have surveillance over every human being there so they have some unique abilities that the rest of the the rest of the west did not but couple of things the west got a mutation we have actually the l. strain which is different than the original em strain which turned out to be you know a stronger virus and then you know we got a message from south korea and we got it from taiwan that there's a way to do it in a democracy they did a lot of shutdown australia did well canada did well but the main message is united states and europe you blew it and really until we get to a vaccine don't expect to look like china now i want to move to equities here

obviously the s. and p. alone gained 7 percent in august the largest increase since april now when it saw gains of more than 12 percent after that dismal march what do you take away from this strong month for the s. and p. and the other indices here in the u.s. . well there's really only one message at this point. if you take in this and p. 500 the technology the telecommunications and the medical care medical tech that's about 54 percent of the entire pod of the s. and p. if you think about applied so if energy and banking for instance which used to be 30 percent are now you know 1518 percent if energy and banking go down one percent but the technology i call it the tetra caps the trillion dollar cap and high near trillion dollar cap stocks it doesn't matter the s. and p. 500 will go up simply because the big part of the pie this is my big diagram here is so much larger number one and number 2 it has so much higher earnings because

remember they're able to borrow money apple just borrowed if you can believe this 5 year notes they're paying one percent interest rate they take that buddy they buy back shares because they generate much more cash than they can do. so their earnings per share go up automatically regardless of the business environment it's because there's less shares and they sell everything by subscription so multiply that over all of these companies and there's a very real reason why they are a juggernaut and it's not like 1999 when companies are going up because they had eyeballs i mean they're going up because their earnings per share are about 50 to 200 percent higher than the bottom part of that pie and that's why the market's going up and so but i want to hit on something a little different here because when it comes to investing the world generally likes to keep an eye on warren buffett's berkshire hathaway and the firm announced sunday a 5 percent stake in each of japan's 5 biggest trading houses worth more than $6000000000.00 now this is clearly a move to reduce dependence on the u.s.

economy what do you make of this move. well it's classic buffett number one he spread his bets he put money into each $1.00 of these secondarily these are commodity trading houses what they do is they trade everything from noodles to wheat to gasoline to oil and as commodities as is demand we talked about the 1st segment starts coming back then commodity prices will firm and go higher so he's going to double there he gets dividends from these he gets about a 4 to 5 percent dividend as the dollar goes down and the yen goes up that means that he gets paid more money and then he also gets to see the deals that these guys look at and he's always looking for a way to take over a big company and these guys do a lot of business with big companies so i had a perfect classic warren buffett smith always great to see that smiling face of transformative research thanks for that expert analysis. terror's.

american vaccine company novak's announced monday it had reached a deal in principle with canada for 76000000 doses of its koeppen 1000 vaccine that the company's vaccine is currently in phase 2 trials while novak says it could begin late stage trials as early as october while the prospective vaccine will need to receive a license from health canada to secure the deal they said they hope to finalize the agreement with canada as early as the 2nd quarter of 2021 now meanwhile here in the united states food and drug administration commissioner dr stephen hahn says there may be an opportunity for a pharma company to bypass the full federal approval process to make a vaccine available as quickly as possible dr holmes spoke with the financial times about the situation saying it's up to the vaccine developer to apply for authorisation or approval and we make an adjudication of their application if they do that before the end of phase 3 we may find that appropriate we may find that inappropriate we will make that determination and meanwhile the european commission

announced it would contribute 400000000 euros in guarantees to the kovacs facility a program with the world health organization to ensure access to a future coronavirus vaccine the president of the european commission spoke about this that contribution monday and the commission will also make a contribution of 200000000 in guarantees to the cover. and its goals. this country buescher will help buy and deliver doses of future vaccines for low and to middle income countries. in parallel we continue negotiating with pharmaceutical companies to purchase doses of vaccine so on behalf of the u. member states so with all this in mind let's go ahead and take another look at the trends the spread of the virus globally with our 2 correspondents cited tablature so where are we so brand right now more than 25500000 people around the

world have been diagnosed with covert 19 wide more than 17000000 people have recovered so almost 70 percent have recovered while more than 852000 people have died here in the u.s. as 04 pm monday more than 6100000 confirmed cases so we are now in the 6000000 mark while over 187000 people have died now over the past week there's been an average of 42000 cases per day in the u.s. now that's a decrease of 18 percent from the average 2 weeks earlier but only down 1.2 percent compared to last week so we need to see this number we need to see this trend go down drastically to show some sort of improvement for the u.s. so now let's go over the states specifically that are improving and the ones not

doing so well so these states have seen a recent growth in the newly it reported cases so this is where we're seeing cases go up for example as south dakota they're reporting an average of $292.00 cases per day and that's an increase of 206 percent from last week so that's a huge increase now another example is i.r. there is seeing increased 131 percent of new case. it's from 2 weeks ago so see these things that we're seeing right here in red they're increasing anywhere from 20 percent all the way to 300 percent increase in new cases so that's not good at all and then we have a states that are doing a lot better for example hot spots that we're seeing huge surges in cases earlier like california new mexico arizona florida texas they're all seeing their numbers actually drop drastically for example florida they saw they're seeing

a decrease of a 50 percent in cases from 2 weeks ago so that's very good tech says they're seeing a 35 percent decrease arizonan 53 percent decrease so that's all very promising and now i also want to quickly look at the global trend for globally look at the trend now here is the trend for the 5 most affected countries in terms of new cases per day so 1st there is india you know india reported $80000.00 cases in the last 24 hours in fact in the last 5 days for the last 5 consecutive days india has reported almost $80000.00 cases per day and that's the fastest growing of any country in the world i want to remind our viewers to india almost 6 months to hit 1000000 cases and then only another 3 weeks who had 2000000 and only 16 more days to hit $3000000.00 so at this rate in the total number of cases now

over $3600000.00 is on track to number brazil to become the 2nd highest in the world behind the u.s. now in the u.s. as i just went over there are seeing a slight decrease as you see in new cases but still they're nowhere near flattening the curve i mean they were much higher in july they're going down but still nowhere near flattening is where we need it to be. then there is brazil that's reporting an average of $30000.00 cases per day and is also the world's 2nd worst hit country after the u.s. in terms of cases and deaths you know and with a population of 211000000 brazil right now is the epicenter of the virus in latin america with over 120000 deaths and then we have beyond that there are the 3rd highest number of cases in latin america and they've actually surpass 600000

cases on sunday and in terms of deaths there are approaching 20000 you see there just going up so that's not good for combi at all but this week actually today monday marks the end of columbia's nationwide lockdown of more than 5 months so we'll be tracking this number in the coming weeks to see how colombia is going to be doing after they're locked down now lastly there is peru which is the highest which has to highest crime of ours death rate in latin america that's about $79.00 per 100000 people and which there surpassed their neighbors chile a and brazil in terms of their death rate so again these 5 countries that were constantly seeing on this list they keep seeing more and more numbers which of course will keep tracking to give you the latest brunt r.t. correspondent sorry to have a juror thank you for keeping us up to date. and now for a quick break but hang here because when we return a trade deals in jeopardy as the e.u. and the u.k.

are deadlocked over certain provisions what's holding up the talks and as we go to break here are the numbers of the quote. just to make sure that the british and the bill of. rights.

which. now look what you. do to me or to share. my if your bonus for trivia. it's a mystery as the words are still. there is this interview are you going to teach the student. to revoke or should stop him spinning. throughout its history jon just with the self-proclaimed islamic state terrorist group and recruited up to 30000 fallenness from all over the world to find. out. what. sounds of russian citizens left their country to join the terrorists often bringing wives and

children with them. when he is not going to be done and i didn't post on you. guys and you could not stop. all i knew. hundreds of children and widows were held captive all disappeared. back in russia those children's families wait them search for. they're welcome back ahead of a pivotal month of negotiations related to a post that trade deal between the e.u. and the u.k. the french foreign minister is blaming the british government for

a stalemate in these talks so it will see we need solidarity in the negotiations on the future relations between what we knew in the u.k. negotiations that are not advancing because of the intransigent unrealistic of the united kingdom. we always showed unity and for moving wrong those who saw signs of an overall implosion of europe. the 2 sides have been locked in negotiations over what trade rules may be in place after the brics a transition period which ends on december 31st the main issues which are holding up talks revolve around the state aid for businesses and access to fisheries no the e.u. wants to ensure u.k. based companies will have an unfair advantage in circumventing the rules of the block and the u.k. for its part is concerned about that use contention it should get long term access to british waterways now despite the tough words the french foreign minister still called for solidarity between the 2 sides in negotiations the next round of talks

will take place a week from monday in london for more on this let's go ahead and bring into our toilets board member of the british american business association hilary always a pleasure to have you on i want to start with the situation regarding this level playing field rules intended to stop or it is businesses from undercutting those in the you know what is going on with this and it isn't this part of why we have breakfast in the 1st place to be able to actually institute its own rules absolutely brand you know right on it is about 77 sovereignty in terms of trade deal sovereignty in terms of british law and sovereignty that means that the british can actually control their own destiny so yes the level playing field is a sort of like the e.u. is resentment because what they don't want to do is to have british rules and regulation be light on labor laws and bar mental laws and other sort of corporate laws that then undermine e.u. industries and obviously give a better opportunity to do business with other international nations with the u.k.

and so what they're trying to do is they're trying to actually make sure that the abide by their rules will then to your point as you off why on earth would that be back set and i want to move on to fisheries here because that seems to be an important contention. weirdly for those around the rest of the world maybe don't understand what's going on with these fishers so if you could in mind give us a quick overview of what that is to these fisheries well. absolutely not he's not going to but yes the issue with fisheries is as follows it's actually a minuscule part of the u.k.'s g.d.p. very small whereas for europeans it's absolutely huge particularly say for example for the french all 90 percent of all the hard work that is finished goes to the e.u. 84 percent goes to the french and then called it likewise is over 73 percent the french catch and so these french fisheries but also the fisheries in the netherlands the fisheries in belgium the fisheries actually in germany they all are

fishing in the u.k. british waters and so it's huge a huge issue for the e.u. what does that mean in terms of bracks that it means that the u.k. is being intransigent intransigent why because it doesn't really matter to the british because it's such a minuscule part of the actual g.d.p. so right now what you're seeing is you're seeing bonna and the others in the e.u. actually beginning to sort of panic because if the british do stay intransigent you will find there will be no way this deal will be done and will end up going to a new a no deal because the british the british hold all the cards since the bridge all the cards and it's really not that important to them why are they holding this up do they want more money from the e.u. or what are they trying to figure out here what they're trying to as we just talked about what they're trying to avoid is level playing field role and also yes they're trying to make sure that they keep british sovereignty because everything else the e.u. is trying to hold the british to really is making them stay within the e.u. i use the example it's like being divorced but then having to live in the same

household and abide by the rules where you no longer have any say and not being able to either date or remarry outside of the agreement outside of the divorce agreement the e.u. is trying to basically ignore the very voting that happened in terms of 70000000 new cave voters voting to vote for breakfast breaks it what they're trying to do is hold the british to 2 tightly to the e.u. you know hillary got about a minute left but i think the question is what happens if we are able to. make a deal in the next 4 months more poorly in the next 60 days because they want to get it done so they can actually you know the parliamentarians can look over it what's going to happen if there is no deal well 2 things and one thing actually with regard to the fisheries what will happen with the fisheries is that they will revert to international law and international law will have that the british waters are sovereign so as you can see the default is in the favor of the british and then with regard to the larger deal it will result in a no deal bracks said the no deal breaks it means that all the trading rules for rules revert to w t o the world trade organization rules that will mean the there will be delays

supposedly our ports and there will be a lot of the lays in terms of products going into the u.k. but concomitantly what is happening is that the u.k. is making trade deals with other nations such as the japanese and the u.s. and that's basically looking like it will come to fruition at the same time that breaks it comes to an actual final close which should be december 31st early ford which board member of the british american business association thank you so much for breaking it down for us today. and that's it for this time you can catch boom bust on demand on the brand new portable t.v. app which is available on smartphones and tablets through google play in the apple app store by searching portable t.v. portal t.v. can also be downloaded on newer model sam so smart t.v.'s as well as roku devices or simply check it out at portable t.v. we'll see you next time.

same wrong. just don't hold. me. to shame how do you stay active. and engaged equals betrayal. when so many find themselves worlds apart we choose to look for common ground. so all this insider trading in the tragic policy saying we're going to extend quantitative easing indefinitely as you are saying that's the worst kept secret in the history of the world because there is only one thing they can possibly do they can only print you can only you can't taper a ponzi scheme if they've often sub before they can only print and they can only

expand printing exponentially like any ponzi scheme you need a bigger base of the pyramid scheme has to get bigger and bigger and bigger it is showing up and prices commodity prices and we do see people now reporting back and saying hey i can't afford food i'm starving on the street. the world is driven by a dream shaped by one person. who dares thinks. we dare to ask.

the new school year gets under way for students across the world but concert life won't be the same i made tough new coke rules. also this hour at the champagne season fizzled out and friends over fears of cologne a virus outbreak a mini migrant buying in the workers tons of grapes are to the left of economy for champagne. and as america's pluralization intensifies ahead of november's presidential election clashes between black lines matter protesters and trump supporters start to look like a civil war with people killed on both.