no this is a repatriation scheme when we get the rest in 70 years. bill of the several times reports. this is the blue bus the one business show you can't afford to miss a boring washington coming up as tensions between the united states and china continue to rise the agency for power is looking to cut back on its holdings of u.s. debt straight ahead we're going to break down the significance of this potential move and how the u.s. is responding and late and after equities slipped on thursday markets are still on

shaky ground later on we're going to go ahead and analyze the state of global markets after a hectic week plus the pandemic has delayed several high profile movies this summer but the 1st big blockbuster of the season is getting a late release for a holiday weekend we have an analyst on hand to discuss the state of the film industry packed show today so let's dive right in. and another day another escalation between the u.s. and china on the trade front now the latest the white house is asking for all federal agencies to detail china related funding this includes any and all federal funding that aids or supports china or that directly or indirectly counters china's unfair competition and malign activities and influence globally now this comes from a document titled strategic competition with china crosscut but that document does not indicate how the information is going to be used it only currently says that it will inform policymakers on the many different ways the u.s.

spending involved china on the campaign trail u.s. president donald trump continues to hit china as a work that still needs to be done to protect the u.s. i think we're way ahead. of what we were 4 years ago and there's far more enthusiasm our base is bigger stronger and we've done the greatest show up again if we didn't get hit by the plague from jonah this thing we wouldn't even have between us i would have cancelled the congress with most of the rallies i wouldn't need it around and. that's a little bit unfair but that's ok that's what john has done jordan nation they've screwed us for a long time or a lot of different ways no never has anybody ripped off our nation like china and i've take it in billions and billions of dollars we never took it we never took in $0.10 from china and i gave $28000000000.00 right $28000000000.00 to the farmers because they were targeted unfairly by john. so how does this latest

push to inform policymakers on how us spending involves china affect the relationship between the 2 nations well joining us now to discuss our boom bust co-host ben swan and christiane thank you both for being here as always kristie i actually want to start with you. is this new document just another way of presenting china as an economic threat to the united states. it really is as the u.s. and china have grown increasingly antagonistic towards each other this budget data request well apparently be used to help policymakers strategically when responding to china so a spokesman for the o.m.b. confirmed the agency's effort to quote ensure that the u.s. remains strong and in a position of strength against rival nations like china using language like rival nations like fighting words so the white house is now asking for data on all u.s. government funding used to counter chinese influence such as the bell and road initial funding for military infrastructure spending on 5 g. a wireless communications e.b.

space tech and more so right now as it currently stands this is a fact finding mission in a data gathering effort at the moment it is kind of laying the foundation for what steve benen. several years ago on 27000 as quote drain the swamp to see what lies underneath but the budget of you could lead to more actions against china eventually now ben we know the trumpet ministration isn't just talking on these issues in fact president trump just made another statement on air force one that his administration is looking to banning even more chinese apps that it says quote could pose a national security threat and quote which apps is actually talking about here. well he hasn't specified which apps is talking about but based if you base what he's saying what india is doing india just banned about $118.00 different apps most of them are gaining apps that come out of china some of those companies are owned by by dance by 10 cent and some by bob but i think the bigger issue is this that what the trauma ministration is really responding to is the fact that there was

essentially a kind of checkmate to their move over to talk in the last week and as you and i have talked about on the show before the fact is the drug administration came forward and said we're said the deadline and to talk us to be sold that's the u.s. canada new zealand and australia operations by essentially september 15th by dance look like they were going to do it and then the chinese that was the checkmate was when they came in and said we're changing the rules making sure you understand you can't do this now all of a sudden we went from there will be an announcement about to talk in a couple of days to everything seems to have stalled out so so far it seems like that move by the chinese kind of worked in countering what trump was trying to do by essentially taking away the most successful social media company in the world right now and handing it to an american company and in the meantime the response to that i think from the german ministration is they don't want to look like china got the best though it will have to ban something else now in order to kind of show that we're still strong in this you know because they want to get your take on that

because china did seem to successfully halt the troop administration's for sale of tik tok is that just a speed bump more or has the sale been actually complete or killed completely. i don't think it's been killed completely but china is known to be particularly savvy play into politics and stalling and as you know stalling and running out the clock is particularly effective especially when we're talking about election year so china is fighting back accusing the u.s. administration of stealing chinese ip stealing chinese tech and chinese jobs so very hypocritical since that's what trump has been accusing china of doing so for the time being beijing has set up some very effective roadblocks that would make any deal impossible within the timeline demanded by washington right now so they're basically stripping tech talk of its recommendation algorithm and requiring the government approval for its sale so it makes tick-tock a very unattractive target so it's like buying a fancy car with a cheap engine are like the crown jewel defense where you strip away the most valuable assets to make it a less attractive target to take over so now the takeover front runners we're

talking about microsoft wal-mart or will they now actually have to re-evaluate how much tick-tock is actually worth if it doesn't come with the algo it's not very attractive without it and it's not a very smart business decision to buy it at this point so meanwhile tech talk is filing the lawsuit challenging the effective order to ban tech talk without due process and currently it's all so unclear what authority that the president has to actually ban an app in the 1st place when we have these are scored in tensions between the nations that it could become kind of a punch counterpunch scenario and now we're learning that china is plenty to do it u.s. treasuries how much of an impact can china have on the u.s. by doing this. so this was a move that we've explored last year during the height of the trade where there were frequent rumors that china was looking to like go slow on nuclear by selling some or all of its over one trillion dollars of u.s. securities so this shadow wasn't all talk after peaking in 2013 the chinese

holdings of u.s. debt have been steadily declining and are currently near the lowest levels in 8 years but 1000 gradual unwinding beijing has never shocked the market with any major liquidation so far but now the continued escalation. that threat may not be too far off now so it is cause for concern and certainly suggests that the fed may soon have to step in with another massive q.e. to purchase whatever china has to sell so right now beijing the latest beijing publication announced that china may gradually reduce its holdings up to 800000000000 from the current levels of one trillion after the us federal deficit increased its risk of default and so the key reason stated for the liquidation is that they're concerned about the writing debt levels of the u.s. deficit is already hitting a record of 3.3 trillion so it's a very legitimate concern but at the same time this will also nosedive the value of china's main treasuries moldings and destabilize our base at the very double edge sword better think about 45 seconds left but i want to hit this last point is actually expected to surpass the united states to become the world's largest

economy within the next decade what can you tell us about that yes we do see that china is on track to do that that's according to a report that came out of beijing that look the german ministration is doing everything that it can right now to slow that down the question is going to be whether or not voters agree with what the president is doing i would say the president's kind of staking some new ground here where past administrations have not taken such a hard line stance with china he's pushing that certainly on the campaign trail right now as we heard in those sound bites you played earlier and the question will be for voters is whether or not they agree with this and they want to slow china down and try to keep america dominant around the world versus whether or not they want to vote for someone like former vice president joe biden who obviously during the obama administration had a much softer line on china i think it really comes down to how voters see it and we don't know the answer to that yet boom bust co-host ben sawyer and christi hi thank you both for your time.

and the final 2 days of the week have been tough on wall street which generally has an impact across the globe so let's see where things ended up where to start in russia where the mo x. is down for the week after some volatile days now this week the ruble plunged to its lowest level since the height of the pandemic oil and gas also contributed to those losses as the country's economy relies heavily on the energy sector let's move to asian markets in china the shanghai composite it's down for the week despite an increase in the country's services sector activity in august now the index dropped nearly one percent on friday alone following wall street sharp declines in hong kong the hang seng well that is also in the red for the week the index fell on the news that the tick tock sale could be in jeopardy even as china and see it launched a new tech e.t.f. listed on the exchange now the index still fell 1.25 percent by the end of trading the nikkei in japan well it's just barely up for the week by 1.4 percent still following similar trends the index closed lower on friday after a sell off in u.s.

tech stocks pushed wall street to its steepest fall in months in india the sensex it's also down for the week on week global economic data as well as that massive sell off on wall street going to see that trend over and over again now the metal index was down 3 percent followed by the farm up bank and energy sectors in australia the assets followed similar trends the index plunged and suffered its sharpest one day loss in 4 months a 3 point one percent dive on that wall street sell off plus they entered their 1st recession in 30 years in australia the all shares in south africa is also in the red the rand is weaker as the country's major retailer treuer its international reported a 28.2 percent decline in full year earnings we're going to go ahead and move to europe in the americas where we're seeing pretty much. a lot of the same here in london the foot the it's in the red for the week that tech sell off on wall street weighed heavily on european markets on friday the u.s.

labor department reported adding one point $4000000.00 jobs for the month of august helping european markets gain back some of those losses the footsie 3 month a low this week the german dax well it's barely down while the french cac it almost finished positive for the week but went red late friday afternoon both reacting to the trends we're seeing across the globe on thursday france revealed a stimulus package worth 100000000000 euros to prop up the economy now we're going to go across the atlantic to brazil the ebo best but it's also down on the week latin america's largest economy plunged to levels it hasn't seen since 2009 g.d.p. fell by 9.7 percent for the 2nd quarter of this year the most on record industry fixed as a fixed investment and household consumption they all contribute largely to the loss we're going to move north to mexico where the b.m.v. it is down for the week the country has lost that wall street tech sell off here in the u.s. all 3 major indices they are in the red the dow the nasdaq and the s.

and p. the textile off brought all the indices down now on friday those tech stocks deep in but travel stocks and retailers they helped push the market back up just a bit but not going positive at all financial stocks boosted markets with a jump in yields j.p. morgan goldman sachs and citi group they all saw gains on friday and finally the ts x. in toronto it's also down on the week the energy stocks actually weighed down the index with oil prices falling to early august lows the index was up on friday on lower unemployment and more jobs added in august now moving into the holiday week here in the united states we will keep an eye on the tech sector to see if that volatility will remain or if markets are going to bounce back and that is your global market walk and time now for a quick break but hang here because when we return the pandemic has delayed several high profile movies this summer but the 1st blockbuster of the d.s. . it's getting a late release this weekend we have an analyst on head discuss the state of the film industry and as we go to break here the numbers at the club.

she stressed to. me and i'm going to ask at the bill of bunch up in here to. tell you she then taste the face to face which. she never happened and i'm not watching. him ever since you took a moment of me or to share. or to go to the show through my of your bonus for tribute. to mr supporter.

or does he seem to be an arguable piece that it's a stupid. person to be wrong or should stop him spilling. insulin resistance is affecting people all over the world and it's a condition that wreaks havoc on the body's metabolic and immune systems and results in poor quality of life for many. people to realize that this week's trees can be the worst poison.

and welcome back there is some positive news regarding russia's potential covert 1000 vaccine is a study published friday shows having no major negative side effects now the report from the peer reviewed medical journal the lancet detailed the phase one in 2 trials at 2 hospitals in russia and $76.00 volunteers between the ages of $18.60 now the report states quote the $242.00 day trials including $38.00 health adult healthy adults each did not find any serious adverse effects among participants it

confirmed that the vaccine kits elicit an antibody response now the russian vaccine was the 1st in the world to be registered after it was approved by regulators in the country in august officials said at the time they hope to start full scale production sometime this month meanwhile the world health organization is casting doubt on widespread vaccinations against the virus before the end of the year saying mid 2021 is more likely that with all of this in mind let's go ahead and take another look at the trends and spread of the virus globally with our q correspondents. where we try to brand right now more than 26600000 people around the world have been diagnosed with colon 1000 more than 876000 have died now the u.s. once again is reporting the worst of the word break with over a 6330000 cases and almost 200000 that's that was brings me to this chart

right here so bring at the daily new case and that's reported in the u.s. and i'm going to show next so at least 44507 new cases where reported on a thursday now that's a small increase from the previous week and then when it comes to the daily death death rate there was why little over a 1000 deaths reported on thursday again. slightly down from wednesday so while these and numbers might indicate that the u.s. is doing slightly better that's really not the case brand because a newly released model from the university of washington's institute for health and now predicts that a total of 410000 people could die from kogan $1000.00 by january 1st so 4 months from now another $224000.00 americans could lose their lives to the virus so that be about 9800 lives lost per day now this model also

predicts that have lawmakers continue opening up the economy that 240000 number figure could even increase and these death projections have been released just said a labor day weekend where americans gather in large groups for things for parties barbecues festivals and so on and i want to give our our viewers an example of that so here are states where new cases are currently increasing and i want to point to 2 states now north and south dakota right now are the nation's top hotspots for called over $1000.00 infections out south carolina and south dakota scuse me is currently seen an increase 170 percent from the average 2 weeks ago north dakota on the other hand is seeing an increase of a 71 percent yet that hasn't stopped another large scale event from kicking off this week and i'm referring to the annual south dakota state fair which is already

started and said to run through labor day and it's expected to have an attendance of $200000.00 people all with no requirements to wear a mask or any kind of social distancing so lawmakers are really cautioning americans to not let their our guard down during the labor day weekend because it's particularly important to mention that we had a much worse place now than. who are backward other holidays like 4th of july and memorial day when we saw cases spiking and that's because we have a lot more virus in the community right now than we did so if americans don't follow proper social distancing and mask mandates then we'll see those numbers spiking again and few weeks and that's not where we want to be brant r.t. correspondent cites abijah thanks for keeping us up to date. and here in the united states we're headed into the labor day weekend this would generally be the end of the summer blockbuster movie season but with the pandemic movie theaters were

forced to close delaying many highly anticipated movies and allowing some to become surprise video on demand hits so how much was left on the table well keep this in mind in 200-1000 summer films raked in $4860000000.00 through labor day now this was only slightly more than the year before but 2 of this year's biggest movies which were delayed now they're making their debuts at a strange time of year christopher nolan's tenet is debuting in theaters this weekend as theater chain amc is promising 420 of their locations throughout the country will be open to show the film while disney's live action will one will debut friday on the company's streaming platform disney plus although subscribers will have to pay $30.00 on top of their normal subscription fee to get access to the film will however be free for all users in december so let's go ahead and take a look at these 2 how high profile releases in the state of the movie industry with paul de guerre beauty and senior media analyst with com store paul it's always a pleasure to have you on i want to start with tenet it's we have 1st big release

since the start of the pandemic and the $200000000.00 film is estimated to make anywhere between $15.00 and $50000000.00 here this holiday weekend of course christopher nolan has been adamant about making sure it hits theaters and doesn't go straight to be do we expect people to actually see this in theaters and is this going to be able to recoup that $200000000.00 budget. that's a great question i think the big issue here is how will it play in north america because obviously and based on your previous segment you know the so sobering numbers on cases of coded so internationally the film 10 it did very well last week and ahead of its north american debut earning 54000000 dollars the big question is and as you said the estimates for north. this weekend are wildly all over the place 15 to 50000000 that's a huge spread and it's because we don't know how people are going to feel about going back to the movie theaters in north america early indications are that the

film is doing well it opened in a few theaters on monday and it's been playing all week people are really excited to see the film but there's going to be some reticence by some to go out and dip their toe in the water me the 1st to see it even though they want to see it so it's not really going to be about the opening weekend as crazy as that sounds are so used to everything being about that opening weekend it's going to be about the opening 30 days more than the opening 3 days in north america and are we going to maybe see when we when we see movies released now over the next couple of months as theaters reopen or we will see them stick in that theater run a little bit longer because of this. yeah it's interesting that's a really good question because the issue of the actual windows has been brought up a lot during the pandemic because we saw a lot of films that were originally destined for at the actual release goes straight to streaming in other words crushing not the actual window but now in this world the longer theatrical window would actually work in the films favor meaning

if you're in new york in l.a. and you can't see this movie this weekend and you wanted to still be a 1st run movie when you get it down the road so if you have along the actual window that movie for instance 10 it will still be playing in its 1st run to dree 4 weeks in 2 months and maybe longer and that's good for the consumer because they get supers draw and it's good for teachers but it's a throwback to a time when movies have legs so to speak meaning they played for the long haul not all about the opening weekend so we're definitely in a strange territory here for sure brant what reminds you of things like a drastic park which were in theaters for almost 12 months because they were such huge blob riders what about will on the disney is really banking on its fan base to shell out that additional $30.00 to watch on a platform that already has a subscription fee do we see this video be released actually doing well or because it's only

a limited time that you get this movie until november and then it's going to be free in december do you see that this kind of pushing people off. well it's really hard to assess how well a movie on streaming does the numbers are not as transparent if you will as they are with that the actual box office and in some cases the streaming model isn't so much about the individual buyer of that they own but how many people you can get to subscribe to your platform and disney is in a unique position of having their own platform disney plus they're going to open the film september 11th in china so we'll have a theatrical run wine a but it's not going to have that traditional. run that was intended. to have in north america so it's this weird hybrid mix and i have to say studios each movie costs a lot of money there's a lot of dynamics there so it's on a case by case basis or with the movie like 10 and christopher nolan he's the x. factor all this no way was that movie going to go to streaming if christopher nolan

had anything to say about it and he clearly did and movies are at 10 it's actually doing really well in china doing $8600000.00 it's expected to do about $40000000.00 this weekend in china alone that's some hard work done kirk and interstellar which both opened to about $30000000.00 in china with their debut well it would be interesting to see what this move on opening does because we are now seeing reports that maybe this is testing the market for streaming giants like netflix or hulu to release premium content because they produce their own films paul garabedian of com score thank you so much for breaking it down for us. thank you brant always appreciate it. and that's it for this time you can catch the man on the brand new portable t.v. at what's available on smartphone the tablet through google play in the apple app store by searching portable t.v. you can also be downloading a newer model samsung smart t.v.'s as well as a roku devices or simply check it out at portable t.v. we'll see you next time.

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of. insulin resistance is affecting people all over the world it's a condition that wreaks havoc on the body's metabolic and immune systems and results in poor quality of life for many. people to realize that this week's trees can be the worst poison. throughout its history to harvest with this. proclaimed islamic states terrorist groups have recruited up to 30000 foreigners from over the world to find. out. if you're in. 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 ideas imposed on you you

see me as and you have no. more new to the moon hundreds of children and widows were held captive all disappeared. how many patents. were lost. back in russia those children's families were going to search for them. so what we've got to do is identify the threats that we have it's crazy confrontation let it be an arms race off and spearing dramatic development only personally i'm going to resist i don't see how that strategy will be successful very critical time to sit down and talk.

join me every 1st week on the alex simon short and i'll be speaking to get a feel of the world of politics or business i'm show business i'll see you there. western countries continue to push for an international probe. over the. group of russian doctors say they've offered to set up a joint mission with their german counterparts. if it turns out he was poisoned will initiate a criminal case to date russia does not have such evidence coming up on the program russia states it's ready to move ahead with the new.