if it only has a single parent that really constrains your life chances people die on average 15 years old if you're born into generational poverty. it's a. fight every day so you meet your needs and the needs of your family. this is boom bust the one business show you can't afford to miss i'm going to washington coming up in a bipartisan bill against china u.s. house cleared legislation threatening to kick chinese companies off u.s. stock exchange the bill is now in president from town to sign. $737.00 it will return to the skies many are still concerned about its safety our teeth also

a hell of a truck a full report we have a lot to get to so let's get started. the house clear legislation on wednesday that threatens to kick chinese companies off u.s. stock exchanges if they continue to deny u.s. regulators access to their audit when the measure passed the house by anonymous vote after it passed the senate unanimously in may well now the bill has gone to president donald trump's dust for his signature joining me now to discuss the trafficking of journalist ben swan but what's in this bill exactly and what was it spelled out to do specifically. yeah it's kind of an interesting things there it's called the holding foreign companies accountable act essentially bars securities of foreign companies from being listed on a u.s. exchange if they have failed to comply with u.s. public accounting oversight boards audits for 3 years in a row so essentially the idea here is that if you're going to be on a u.s.

exchange you have got to have the u.s. agency doing audits to make sure that everything's on the up and up it's not just the chinese bill it does focus on other countries as well but this one's been a little bit tailored toward china and it sounds like at as much has recently against china and bipartisan so so interesting enough but this bill does go a little bit further than many other bills dealing with secular nation because it also focuses like you said specifically on communist party affiliation right yet that's the part of it i think that stands out the most to me and probably to a lot of people out there right because what the congress is asking for is that this would also require if it signed into law that essentially if you have any communist party officials on your corporate board or have any shares owned by a government entity in china or a communist party official now that's pretty troubling to me because here's the problem with it the problem is that if you're looking at this from an american

point of view or certainly the 2nd america out of it as a free market point of view why is it illegal to be on the u.s. exchange if someone on your board is part of the communist party of china i understand that the u.s. has this belief that the communist party of china is a dangerous thing to us freedom in the future and that the communist party of china wants to be the most powerful country in the world ok but but way or else do we say in this country if you belong to a certain ideology a certain belief system or a certain party system that you're not allowed to own stock in a company or you're not allowed to be on the board of a company if it's listed on the exchange i think this is where over and over and i've made this case before on the show the idea of free market principles are. please lee being lost in all of this when you talk about a free market just because you dislike the people who are on a board or you dislike what the company is doing does not mean that the company should not be allowed to exist simply because it doesn't fit your ideology and i think that's where this is a little bit troubling simply because it's a different belief they have

a different system that works for their their country it works for them to that mean we have to agree with it doesn't mean but but you're right with this but before this vote took place a chinese foreign ministry spokeswoman said that the bill is discriminatory toward the chinese. does she have a point yeah i think she does have a point in for exactly the reason i just stated right it really does come back to this idea this in when you were tailoring your policy is to say the fear is i mean let me back up the fear here is that companies like alibaba for instance which is one of the companies that has not had this audit for 3 years right alibaba obviously the founder of alibaba is connected to the chinese communist party who in china who has money is not connected to the chinese communist party you have to be that's just that's just part of the deal it doesn't necessarily mean that you're advocating for the party nor does it mean that we are naive and say the chinese communist party probably wants good things for america i'm sure it doesn't really chinese communist party at its core once chinese excellence and china to be the

world's greatest most vibrant and but i did that wouldn't you absolutely oh absolutely that's what the u.s. what its what the u.s. demands all the time american excellence american exceptionalism every country should one threat the idea that if a country is there for bad if it's not the united states with it once those things it's the same claim that's made about russia if putin is a nationalist then he's an extremist really but in this country if you're not a nationalist you're considered a traitor how do you know so right exactly it's just it's how you perceive it and the idea that we're writing laws dealing with the u.s. stock exchange or stock exchanges to could prevent companies from being on there based on their allegiance to a country is kind of crazy this is just a for the pretty big deal but and will continue to follow see what happens next as always bill with co-host of us to give journalist ben swan thanks again for breaking this down for us thank you. u.s. equities are taking off as the market is ever more hopeful for

a coven $1000.00 steal to get done and to prevent a government shutdown if comes as infection rate 3rd and record a record hospitalizations have led to new economic restrictions and fears of a. weakening job market joining us now to discuss who was co-host. of obama's see ottavio monsey ottavio let's start with you there are more talks that seem to be coming or going on on capitol hill over this new stimulus they face a december 11th deadline to authorize more funding to keep the government running how are those talks going and what are the chances that we are actually going to get something done this month. i think it's highly likely something is going to get done i mean there is a december 11th deadline and these things tend to always slip a bit in the summer the emergence from that takes place in season 4 who just say when they can actually pass the bill so i fully expect that something will be passed in congress will be in session until december i think that's more than

enough time and in the current environment i think both sides both on the street would you want to get something done to show their constituents they've been active on this and with the democrats now looking like that won the election i think the animosity towards john will try and move the tendency towards damage and damage to the economy to get. these off the table so i think everything points there will be some the old up i would point out if you look at this bill that's been submitted now there's a bunch of stuff that clearly is coded 1000 emergency relief and on stuff in the west there's a bunch of aid for agriculture which is not spaces and you saw it on the curve at 19 right this $10000000000.00 for the post office and so there's also the old zones thrown in there as well as. well there are a. vaccine distribution they will extend the unemployment and handsome and extend paycheck protection it will not include the actual paychecks for the american people though and it looks like this stimulus kristie is going to be introduced

within the on the bus if we get this will that be enough even to support the market looks like much like a tiger just said both republicans and democrats really want to get something done and pass it before next week. yeah absolutely def i want to get something passed but i don't think it's going to be enough because even getting this passed it's just going to be steroids sure shot to the market very quick to take effect and good for the short term boost but then it quickly becomes an addictive destructive cycle once it runs out so this bill that they're working on it's less than one trillion dollars it's definitely not enough to support the market and give it the jumpstart it needs to reset on its own so it will do no more than temporary spending and then we'll have to revisit all these discussions all over again once these benefits run out early next year so it's really not healthy for the economy or u.s. businesses we recently looked at the growing numbers of these songs being companies

in the u.s. those who can't even cover their interest expense with the cash from operations so already 20 percent of all the russell $3000.00 corporations are considered zombies now and we now we have another group of companies who not only do they not have enough cash flow to cover interest expense but they don't even have in any cash flow period and they burn cash outright as they have negative. so things are getting really ugly for those companies and we're talking about formerly profitable companies who have little to no girls massive debt loads and they're burning cash so this includes names like delta airlines united were approving whose eyes were just losing money even before they pay interest in taxes so according to bloomberg in the latest quarter the number of junk rated corporations with negative now reached $47.00 which is nearly double the level in the 2nd quarter out of a universe of $600.00 bar and this is the only expected to probably get worse as we continue to see the surges in the cases. well next week we'll follow up on that but

the american people are still hurting and fortunately are not going to see those checks like you said it's much of a little bit of a band-aid and again it'll it's going to take a lot longer to recover than we originally thought but of tabio the number of americans than going to or applying for these unemployment benefits it fell to a still high of 712000 but if number even accurate now considering that the government accountability office did find that it was consistently inaccurate are traders really putting any weight behind this number this weekly number that we get . well i could if you know given that the government seems to have difficulty counting votes during the election i don't think we should be entirely surprised that a difficulty counted on employed people during that. so i think there's always a bit of an issue of government through time time but you question terms of where the traders look and. yes they absolutely will and they will carry on looking but even this is because of the people looking at this wellness trade i need to look at

information even if it's wrong if i think all the people right. so as long as enough people are looking about. how well that they will carry on to numbers well i would say this also while the source is and makes the trade as good as well this is just one of many there's all sorts of other good unemployment unemployment numbers national employment report so about the probably more reliable and they look at that as well so this is just one of many numbers that look out for the kind of the rules a lot of things so much like you say not caring that much weight anymore and especially given the the inaccuracy of it and probably will continue to do christine and before we go i want to turn over to oil prices they rose on thursday producers including a saudi arabia and russia they bought it over the need to expand at record production cuts they're set in place in the 1st wave of the crown of irish pandemic how are the talks going opec i did meet thursday. so ok cars have agreed to increase their collective output by about $500000.00 barrels

a day next month ending a standoff over oil policy and promising to boost global supply prize so this agreement marks a compromise among the world's biggest oil producers after earlier disagreements this week over whether or not to start raising outputs again so early in talks have produced no compromise on how to tackle this systemically equal demand especially as the world is now in the midst of a 2nd wave so open and close has wiley been expected to roll over oil cuts of some point 7000000 barrels per day at least until march 2021 but now the news of the vaccine and the optimistic hope that a speedy approval and distribution will kickstart a global recovery some producers are now questioning the need to tighten oil output so this increase is relatively small amounting to about half a percent of create pandemic global demand so while the increase in production was more to global supply and therefore pressure prices once more this agreement was actually seen by the market as bullish for crude as it showed a little bit of cohesion amongst the biggest producers so this compromise bridges

the difference between all the producers over whether the time was right to start rolling back cuts that they read to earlier this year in an effort to stabilize prices they're seeing it with an increase but not really much like you said very bullish is what analysts are seeing this as and now their plan to meet every month to. revisit this correct. correct and this is expected to have weak demand until 2025 according to exxon but the thing is the producers cannot last for this long so this is a way to try to compromise on both sides and to see if they can take a little baby steps to try to increase outputs to see whether or not the market can support that increase and so mark markets are reacting to this positively but will we'll see where they stand as they continue to meet on a monthly basis bill must co-host kristie i. open my feet thank you both so much for breaking this down for us. the boeing 737 max is set to return to the

sky while some in the aviation industry are excited about the news relatives of victims who died and disaster is tied to the passenger jet well they're outraged by the idea artie's alex myhill of each has the latest. as technicians give the controversial judge the green light. families of those who died while flying on boeing 737 max eights say the plane should not be allowed in the air days saying the plane is safe but they haven't. because of the crash a total of $346.00 people died in 2 separate $737.00 max related disasters one in indonesia the other in ethiopia causing the plane to be grounded in march 2019 the incidents were blamed on an automated flight control system used by the aircraft however this november after what the us federal aviation authority called a comprehensive and methodical review the plane was cleared for takeoff once again for the 1st time in 20 months i can tell you that i am 100 percent confident in the

actions that we have taken the design changes that have been put in place with the 737 max and i would put my own family on it this week the f.a.a. administrator along with members of the media was on board a 737 max flight it was the 1st time anyone besides regulators and industry personnel flew on the macs since it was banned from the sky the highly publicized american airlines flight between dallas texas and tulsa oklahoma was meant to ease any fears over the safety of the plane before it returns for commercial use starting on december 29th boeing's c.e.o. echoed that sentiment we will never forget the accidents that put us in the place that we were ever. we have really instilled reinvigorated use any words you like. everything that has anything to do with safety across our company while boeing is trying to drum up public support some family members of the crash victims

are calling the american airlines flight a publicist stunt and are requesting that a more in-depth review of the plane is conducted before it is allowed to carry civilians. however that does not seem to be stopping the airline industry's plans to move ahead miami is scheduled to be the launching point for future $737.00 max commercial flights american airlines plans on having a daily route from that city to new york's la guardia airport other airlines are also throwing their support behind boeing here's the c.e.o. of ireland's budget airline ryan air this has been a real partnership between ryanair and boeing is a great aircraft we're proud to buy them we're proud to fly them according to industry sources ryanair is set to order up to $75.00 additional $737.00 max passenger jets as for boeing the company has built about 450 of the planes since 2019 airliners are waiting for the thumbs up from the f.a.a. before they can be delivered to customers according to investment firm jeffries the

backlog of planes is worth about 16000000000 dollars for boom bust i'm alex my i love it. time now for a quick break but when we come back space x. is preparing for a flight of a starship testing rocket and what kind of one day things are carrying craft is going to break down the numbers at the. we're going to be. right when this is. not necessarily a good way. to

reality of. the day but. it will. come because. it is a. little bit the. never. really. loved one or your.

part of our number. this week space x. founder and c.e.o. elon musk announce he is fairly confident humans will land on mars in 6 years he wants to try to send an unproved vehicle in just 2 years this comes on the week as the latest space starship prototype could reach the highest altitude yet its 1st test flight window will open this friday for more we are joined by founder and chairman of space fund and co-founder of the space frontier foundation. rick good

to see you thanks for being with us today. you're heading to brownsville texas soon where the test is expected to take place over the weekend what can you tell us about it. yeah i'm really excited they still did a little spaceport down there boca chica which is about as far south in texas as you can get. they're going to be testing the new starship prototype. it's what's called a sub orbital flight and it's going to go few tens of kilometers up in the sky but it's a critical slight or series of flights and are going to be able to prove this amazing new vehicle that they're building and if of a frontally what they want to use to put human to put men and women back in the moon and potentially mars right. it's the upper stage of it there's going to be a big massive booster underneath it but basically yes it's

the the overall configuration that they're going to be using and it's a completely revolutionary idea well i want to ask you this it's been going on a lot where we want to send humans to mars we want to send humans back to the moon what's the rush of sending them to mars what's the end game here. well i can tell you this you know we're on a business show here but. at the heart of it it's because people like the law and myself and there's actually a bunch of us here we believe in a way that's why we're here. that it's a way of expanding the domain of humanity and life itself the places that are dead it's sort of the next step in in the way we believe that's why you see such passion pretty well everything you want is doing is where there is tesla solar power whatever is to enable him to be able to do this kind of thing almost as an explorer

exploration for him has become you know his his way of life sort of mark i want to talk about brownsville texas where space x. you mentioned it's building its space port i assume that's really going to help the local economy in terms of job creation what can you tell us on that. yeah i regret that i didn't get a real estate down there when i heard this was coming but. it's not done going down to meet with some of the city government folks down there. trying to enable more commerce you know they're going to as they call it an ecosystem of this is the ecosystem that's going to develop a lot of joy. even the education system down there is going to be benefited by having this kind of was super high tech industry locally not to mention the inspiration of the kids looking out the school windows and seeing these things take off on their way to mars it's definitely changing that part of texas for sure how

others when these big companies corporations tech giant they come in you know space x. is huge so so very much so i care saying especially with education it's basic question has always been so fascinating not only to adults but really to children as well i do want to talk about nasa 2015 the funding for it was with half a percent of the federal budget and at its highest budget was nearly 4 and a half percent of the federal budget we know nasa budget has been cut there still provided some funds from the government now certainly seems to be working out well with space x. for these missions how significant are some of these financial benefits with working with space x. and i'm sure there are other technology will technological benefits as well as nasa really able to test these new methods or more methods even in working with somebody like space x. . yes frankly and you know full disclosure i testified for the house space

subcommittee in 1905 and called for all transportation to and from space to be private we provided it so it's only taken us what 25 years to get there it's just more efficient to do it this way. especially when you have companies as i just mentioned in the previous question that are led by people whose interest it is personally not just on a business basis to bring the cost down on so we're going to be seeing more and more activities for less and less cost and you're right the money we put in the government money that we put into this is pitifully small i think don't quote me on this but the military budget burns through its masses entire budget is somewhere about once a week wow that is. terrifying and interesting to look at you said you testified and that if it did take them about 25 years why did it take so long why now why why

now and 20 twentieth's in the late 20th you know early 2000 why now. well 1st of all we're dealing with you know we ran when we started trying to push for this the true believers let's call it. the revolutionary it was dead we were running into the what eisenhower call the aerospace industrial complex which was basically built on just keeping the money flowing you know it's what the space shuttle literally flew in circles. now we're moving into a phase where we have people that want to go do something or want to get the costs down and over time we're going to see more and more of that that happening and now says scientists private sector side is universities scientists even students and people wanting to fly experiments are going to actually be able to do more much less cost as we move forward but we really did have to sort of pride the thinkers the aerospace industry off of this is that to get where we're all and boeing to

buying that other big company we have a very gentle origin at boeing and is now working on on big on building the biggest most powerful deep space rocket right. yes i'm a kind of a mill an opponent of that vehicle its original name is the space launch system my brand of it the senate launch system because basically it's about cranking out money and doing things the old way i'm really hoping to see that program start it ses develop the next few years it's you think that well almost. i you know it's spread around the so many powerful constituencies the little hill it will be you on and jealous of the other people building these commercial spaces and some take out some really good job it might die out of the barest unfortunately we're out of time thank you so much for being with us today we really appreciate it and

have fun out there this weekend. at top of the time we'll see a next time. you'll be via reflection of reality. in a world transformed. what will make you feel safe from. tyson nation full community. are you going the right way or are you being that. direct. what is true what is faith. in the world corrupted you need to descend. to join us in the depths.

or remain in the shallowness. always be polite never engage with a negative aided or confrontational also. don't get into any conversation or start answering questions just ask for an attorney. to survive and tear a geisha. you're more likely to walk free if you're rich and kill to march or poor. you've got 2 eyes and ears and one now. so you should be seen in here and a whole lot more than you're saying if you don't take that advice easy going to dig yourself. love. there's

a saying. there won't be cheap. and then you went to all the countries. but the idea is that right is call your scum he said to me give them everything you do to pass. this country. this is what we don't understand how we are poor in such a country. but i never said to myself that i think. it was a monumental. similar. if the minutes of on board not that i got to meet leave again with the phone about the computer with the plane. would come back to the place story you have to see.

at least in the best. if you will. of the. headlines this hour. what it called was fabricated accusations against russia. websites charged with violating sanctions also to come this strong supporters rally against what they claim have rigged results and you witness testimony to suggest to you that they may have a point. the ballots being ran through the tabulating machines numerous times being count. 8 to 10 times i know i saw with the return addresses filled out thousands of. tons of further angered by hack you say massive mainstream media bias is types of c.n.n. briefings leaked by a conservative group.