i. this is boom bustling business show you can't afford to mess time rachael love and in washington coming out china and russia are the hot topics as the group of 7 meets in london so how will the tough words impact the global tensions moving forward plot foiled prices rally and new hopes for economic recovery in the u.s. and europe but will it be enough to offset the crisis hitting india and brazil and then our poll faces off against fortnight maker at stake games in court and a battle over antitrust violations with billions of dollars at stake we have

a lot to get to so let's get started. leaders from the 7 most industrialized nations in the world are meeting in london this week to discuss global threats the increasing power of china and continued calls to isolate russia speaking at the 1st in person g. 7 meeting since 2019 secretary of state tony blinken said the goal is to balance countering the latest challenges without trying to contain beijing or to escalate tensions with moscow. we are focused. very much on russia's actions and what course it chooses to take. president biden's been very clear for a long time including before he was president that if russia chooses to act recklessly or aggressively we'll respond it is not our purpose to try to contain china or to hold china down what we're trying to do is to uphold the international

rules based order that our countries have invested so much in over so many decades to the benefit i would argue not just of our own citizens but of people around the world including by the way china. joining me now to discuss is burma's co-host and investigative journalist ben swan now ben let's start with the issue of how the group of 7 plans to deal with the rise and growth of china why do we know so far. yeah it's kind of interesting because as you heard there the anthony blinken the secretary of state is really trying to kind of play both sides of this right he was to come off as strong as president biden has attempted to do the same thing strong on china but at the same time they don't want to upset china who they cause problems with china certainly not problems in terms of trade or international or economic relations so they're kind of playing this carefully so on one side you're saying to europe and to these other g 7 countries the kind of the theme of their

talks of china are the west is not over yet or the west is not done yet and that's kind of the thing that they're using to say on silly to me to say that they have a theme but i guess that's the thing they're using and the idea here is that hey look it would be able the west still has a lot going for it we're still strong the problem is that none of these countries is doing anything rachael to actually decouple their dependency on china they still need chinese products for just about everything their economies are entirely dependent on china and increasingly in the world is becoming dependent on china building out infrastructure on the continent of africa on the cot in the south america island nations so that's and that's now starting to happen in europe as well so as a result of all of that is the these g 7 countries actually able to stand up and kind of say china we're not done i think we are kind of done unless we dramatically change the trajectory of where these countries are head and that's an excellent point especially when they seem to be saying one thing but then of course doing

another thing now this summit is especially interesting because as we saw on the tuesday morning session for the g. 7 was focused on china but the afternoon session was planned to be all about russia what are the main issues expected to be covered here. yeah you got so china in the morning and now russia in the afternoon in the go home of the the russian talks is let's face it i mean they pretend it's about a lot of different things you know the 2016 interference in the election which of course we all know is nonsense the whole russia gate conspiracy continues to be a trope that's kind of brought out the truth is it really all comes down to ukraine that's what this discussion is about they're talking about how do they keep russia from being aggressive with ukraine having a military buildup on the border with ukraine and they're trying to make the the very strong stance that the united states stands with ukraine as you know you know the goal has been to to really problem ukraine since these color revolutions that have taken place there and the goal of course of the united states has been to

utilize ukraine for a lot of different purposes and so they see ukraine as kind of the way of interfering with russia in a way that says well as long as the russians don't cause problems here we want to have normal relations with the but do you really because you have you know as i mentioned it's color revolutions going on in ukraine for the last years that has been the source of a lot of controversy. saying one thing and doing another thing ok now you may seen a little bit strange to our viewers but with all that is going on in the world right now why would an entire day of the g. senate and the g. 7 summit rather be spent cocking to other world leaders about 2 countries who are not at war with anyone. well that's yeah that's a really good point right which is that the entire day was devoted to let's all talk about the cool kids in the class or maybe the troublesome kids and i'm not even sure what how they how they define them other than maybe the kids in the class that don't follow the rest of us right and so how do we try to get them in line i

think that's a lot of what this talk is about it's how do we influence as a bloc as a group in order to force china and russia to kind of fall back into line with the united states at the head of the table the problem is china and russia are not going to do that they are working every single day along with other countries like brazil and india and south africa to decouple themselves from the united states to detach from the u.s. dollar as the world's reserve currency to move away from u.s. sanctions that are used to club and beat other countries over the head around the world and so that's all part of the chinese strategy it's all part of the russian strategy china and russia are not necessarily allies but they certainly have the same point of view when it comes to these western powers like the united states and so i think it's kind of self-serving to say we're devoting the entire day to try to get these 2 countries back in line i don't think that's going to happen and definitely a lot of political posturing going on in london today then fine thank you for your time and insight on this one. thank you. oil prices hit

a 7 week high as the hope for economic recovery increases among the world's top of oil consumers the u.s. and china and restrictions are lifted but concerns still remain as india faces a continuing crisis and opec plus plans to pull back on production cuts so joining me now to discuss the latest our boom bust. and david mckelvey niecy mcelhaney financial group david let's start with you or oil futures in new york gain as much as 2 point one percent on tuesday reaching the highest intraday level since mid march is the demand recovery getting ahead of itself considering the weakness we're still seeing in parts of asia india and brazil. there's an element beyond supply and demand and in use here i think speculation is afoot and it's likely focused on inflation so here's my case investors judge of both micro and macro concerns and speculation can fall into either of those categories micro aspects tie to the

supply and demand fundamentals are always important but there's also the macroeconomic considerations and it would appear judging by the synchronicity of the moves higher in soft commodities commodities oil silver most of any of the all time high set an iron ore and copper last week that speculation on an inflationary surprise is in motion and oil is to some degree and the yellen suggested this week that rates may need to go higher because the on economy is quote unquote running too and i think we need to translate that economic growth is not something the central bankers object to but too much inflation is raising interest rates helps curb the inflation issue and that's where i think you see there a bit trap so speculation on higher oil prices includes a microanalysis but i think we're also getting a bump from higher concerns on inflation yeah a lot of hope for recovery but still a lot of moving parts there now kristie despite that gain an oil and the solid earnings by saudi aramco it is reportedly still planning on selling its assets why

is that. well saturday at wramc has highlighted that it plans to navigate the ongoing uncertainty by utilizing it cited as 2020 being one of the most difficult to operate in so essentially it plans on diversify some of its very rich and heavy oil assets the company has fly significant asked sales over the past few months most recently in an announcement by crown prince mohamed bin solomon to sell one percent of iran go to a leading global energy company now iran co has been in talks to raise cash from other asset sales as well including spinning off their pipeline units so by doing this the oil giant hopes to reduce dividends paid to the government and then to continue diversifying its economy so it's less oil reliance remco it's doing essentially is strategically supporting the saudi economy and the crown prince has been quite vague about the sale so far but it could possibly go to a chinese or indian and in order to increase its access to

a foreign market that the $75000000000.00 in annual dividend will actually stay in place until 2023 but may also be targeted towards more domestic and thus that's later on now saudi aramco has been very supportive of the newly law should be domestic partnership in the ship programs which will then enable it to be the best in the new south the private sector with about $1.00 trillion $1.23. so they're looking at their own profit specifically there now when it comes to the us and david we've talked a lot about inflation and that has been boosting up commodity prices but now it looks like manufacturers are facing shortages as they're growing demand for housing cars electronics and other goods run up against supply chain congestion what is happening and is this the beginning of an inflation cycle. supply chain congestion is a contributing factor to particular prices you've had to draw down in inventories slower

production in 2020 which was a part of that but there's other inflationary components that get factored in as well shipping cost just being $1.00 example shipping container going back to china was $1500.00 a year ago it's $4000.00 today gasoline is a lot higher this year from a year ago this time last year and again those things get passed on to consumers what makes inflation trends either transitory or long term are 2 things one policies which entrenched the trend and i think our current that the g.d.p. figures would argue for inflationary policies which help alleviate the pressure of that debt the 2nd thing is that consumers begin to respond and they respond with behaviors which are self reinforcing to the inflation trend so if consumers think that inflation is coming they james their consumption patterns they accelerate purchases and they put pressures on supplies even further and that ultimately contributes to an increase in costs as well so this is this is i think what we have

in motion today we we we will see inflation play out again the federal reserve says it's transitory it's here today it will be gone tomorrow i think what we're seeing is. what i described by the average consumer saying no i don't think it is and they're beginning to buy so yes we see supply chains as well what's difficult here is you can't shut down inflation in the traditional way that you would raising rates in this environment is very dangerous we have one of the biggest bubbles in the history of the financial markets in the bond market and you can't raise rates that much as we give you one example if you raise rates let's say to normalize to 3 and a half percent here in the united states. government bond. just that debt we owe the u.s. government owes you'd be talking about a trillion dollars in interest only which would be equivalent to say 20 percent of

our total budget and if the rates were to go any higher than say 3 and a half percent you're talking about a very very challenging financial circumstance both for the u.s. government but also for corporations so if we see inflation stay there's nothing they can do to fight it they don't have the tools so yeah definitely a lot at stake there especially when it comes to the messaging now kristie before we go i want to bring in opec and their share of india's oil imports which fell to the lowest point in at least 2 decades as purchases fell to a 6 year low what's happening there. well and now has bought more u.s. and canadian oil at the expense of that of africa and the middle east which produce purchases from opec nations to about $2860000.00 barrels per day so it seems like it is refiners are debra's the kind of purchases to gross margin and after spending a decade investing in cavite in their plans to process cheaper tougher crude grades and now gets to reap the benefits so now they can refine heavy sour canadian sands

oil rather than being fairly reliant on the light sweet middle eastern crude and also india is the 3rd largest crude importer and consumer they plan to scale further its imports from u.s. and africa on saudi arabia's decision to raise the official oil selling price shipments to asia in may and the action by saudi was largely consumed as a retaliation to india's plans to cut whose exploits on here so the modi government has asked them to increase crude production as it will reduce the demand and hold our prices india has complained heavily earlier in the year saying that high crude prices have been hurting the developing country especially in the economic recovery from coma 19 however so far saudi has been called on the from alex excellent points to consider here kristie i david mcelwain me thank you both for your time. thank you. time now for a quick break but when we come back fortnight creator ethic games takes apple the court adding to the continued campaign accusing the tech giant of an antitrust

violation well discussed next and as we go to break here the numbers out the flow. our culture is awash in lives dominated by streams of never ending electronic hallucinations that. fiction until they are indistinguishable we have become the most elite of society on politics as a species of endless and needless political politicians and celebrities are to

ruling parties are in reality one party or party and those who attempt to puncture the. left was universally designed to push through the cruelty and exploitation the little more for so far to the margins of society including by a public broadcasting system that has sold its soul for corporate money that we might as well be squeaky against an avalanche but we must. listen stumbling online algorithms dictate what you get to want to go to portable dot tv slash. to get killer television it's completely free i'm going to ward winning comedy awards coverage inside so fresh still taste like rats berries on

a spring day take so in the hot burn your face jaw down in the videos more advice did i mention free it's free go go get it portable t.v. . artsy america brings you stories of world wide significance news the proper media refuses to show you from social movements to civil wars to tech breakthroughs to epidemics because our journalist and audience ally dear to question more. pfizer is moving ahead with plans to file for full f.d.a. approval of its covert vaccine which would give the drug maker the freedom to market the shot directly to consumers meanwhile the f.d.a.

is also deciding whether to approve the vaccine for children and many parents are not on board archies train a child that has the latest including another group of americans opting out of the vaccine. today vaccinations for teens and children on the horizon the u.s. food and drug administration set to authorize emergency use of the pfizer vaccine for an ally since ages 12 to 15 as early as next week a move that would make some middle and all high schoolers eligible to get vaccinated in the u.s. something experts say would be a big step in raising immunity levels across the country pfizer recently announcing the trial results showing the vaccine is highly effective for that age group possibly even more than for adults according to pfizer at the end of march a clinical trial involving 226012 to 15 year olds showed 100 percent efficacy and is well tolerated the f.d.a. now reviewing that data if it's approved the centers for disease control and

prevention would hold an emergency meeting and issue recommendations the announcement comes as health officials are worried axion hesitancy could make reaching herd immunity in the u.s. difficult if not impossible there are concerns now amplified as new data indicates children in this country represent 22 percent of new cases reported in this past week alone according to the c.d.c. the average number of covert 1000 vaccines given per day in the u.s. the 27 percent from a high of 3260000 on april 11th to 2370000 last tuesday a shocking report by the washington post found that the number of police officers getting vaccinated is lower or about the same as the general public in las vegas 39 percent of the employed police officers in the metropolitan police department have received at least one dose compared to the more than 50 percent of eligible adults nationwide meantime in atlanta 36 percent of sworn officers have been vaccinated while ohio's largest police force the columbus division

a mere 28 percent of those employed reported receiving a shot and despite a massive effort by the pentagon to promote safety and efficacy of covert $900.00 axioms the u.s. military's opt out rate is about 33 percent while nearly 40 percent of u.s. marines. are declining covert vaccinations reporting any work trinity chávez r.t. . the battle is on epic games is now facing off against apple in court months after its viral game fortnight was removed from the app store while apple argues that epic file 8 of its policies in the name of increasing its profits epic is arguing that this case is about holding our people accountable for a long history of antitrust violations the game developer argued in court that apple has brick by brick built its app store into a wall of the garden meant to extract fees from developers who want access to apple's 1000000000 i phone users so joining me now to go further in depth on this

topic eleanor talks professor of law at the new york university school of law now professor epic games is launching a truly unprecedented challenge against al gore right now what do you see is the company's overall goal with this lawsuit. rachel thanks and i just want to say a disclaimer at the start which i've done some work who are a bit so what i see as the goal is. to get fair access to apple's operating system it's not even asking crude damages it's simply asking for an injunction so once going to change its behavior to let it get. to give it a fair name and system were let use it then came in system for the premium changes that would break. yes surely is the case were watching games take on a massive tech giant here and when we're looking at apple it accounts for around 27

percent of the smartphone market and for developers the only way to get their product on an i phone is of course to go through the app store now apple's or sponsor criticism over the required use of its purchase system along with the charge of a 30 percent commission has been to say that's the price you pay for the security and the pristine being part of the apple community so how are those claims viewed in an antitrust case. it's really interesting how they're viewed in the united states the united states and i trust loathe it's not it's illegal to charge too high a price and $1.00 of the things that is that's what is complaining about so is claiming apple's strategies and 100 or and competitive and this is building the walled garden not letting them. and of course

is that that pushes up or allows apple to charge this 30 percent. and it's been interesting to see how epic has approached this case because their shaggy has been use past messages from people employees to argue that it was the tech giant's goal to become a monopoly and that it has use in anti-competitive practices but then apple says that those measures were to those messages rather were taken out of context so what kind of evidence is the court likely looking for in this case to establish whether or not apple is guilty of those accusations. right so the documents documents can be very incriminating that they're not the whole story and you suggest there has to be other evidence so watch 2 points one is there has to be evidence that apple has monopoly power and 2nd is there has to be evidence that what apple is doing is and a competitive practice so for evidence that it's

a monopoly what epic wants to show is that consumers have no good alternative and what they're going to show is once people are on the system they want to be able to access the. right from an apple they don't want to have to go to another source a don't want to go to a console it's not a good alternative so what ethical be saying there's no good alternative except to go through apple and that apple really does have monopoly power and they will say the fact that apple can charge the 30 percent premium shows that apple have monopoly power and we're saying we're under the 2nd part about what is that competitive and i'll just say one thing here which is the us and tech trust of doesn't make it too easy for epic because under us that they trust a lot a lot of slack is given to

a firm that makes the system to use it the way it wants to and they simply says it doesn't have a duty to do to deal with. buyers of suppliers or to be kind of the buyer of the suppliers so this can look very unfair it is very unfair and whether crossed the line and it's called an anti-competitive act it's another thing that just ethics prepared to prove it but it's not just really is yeah ok we've got about 20 seconds here before we go i just wanted to ask you do you think that we will continue to see cases like this being brought against al gore when it comes to these antitrust accusations. i think we will and we're seeing them all over the world and all over the rest of the world it's kind of easier to prove claims and so apple might just have to fall into line because of you and other forces around the world certainly we will continue to follow this case closely professor eleanor fox

thank you so much for your time and for your insight today. thank you that major. that's all for now you can catch us on demand by downloading the portable t.v. out for your apple or android device was here next time and as always don't forget to question more. hi folks joe name of here and if you're on medicare this is important you're now entitled to eliminate co-pays and get dental care dancers i glasses prescription coverage in home a unlimited transportation and home delivered meals all at no additional cost plus

your zip code may have coverage with the give back benefit that adds money back to your social security check every month i call to get transportation meals and the gift benefit look this my wrist situation i'm everything i'm entitled to couldn't believe i was missing out on so many dinners with the uncertainty of the virus you need to get everything you're entitled to millions of people have trusted the medicare coverage helpline you can do call now it's free call 18049906 that's 180-499-0286 mil. like one of the hosts ask the question then actually listens to the yes answer

and then react to that answer a folks douglas miller here i've got a new show. ready . i think the average viewer just after watching a couple of segments understands that we're telling stories that our critics can't tell me you know why because their advertisers won't let them. in order to create change you have to be honest you have to tell the truth artie's able to do that every story is built on going after the back story to what's really happening out

there to the american public what's happening when a corporation makes a pharmaceutical that chills people when a company in the environmental business ends up polluting a river that causes cancer and other illnesses they put all the health risk all the dangers out to the american public those are stories that we tell every week and you know what they're working. guys i made a professional powerpoint to show you how artsy america fits into the greater media landscape is not all laughter all right but we are a solid alternative to the. liberal or conservative and as you can see in this bar graph we know it skew the facts either talking at lefties talking at righties oh there you go above it all to look at world are see america is in the spotlight now every really i have no idea how to classify it as it actually took me way more time than i care to admit.

welcome to on contact today we discuss police abuse and torture with the civil rights attorney flint taylor doesn't really matter who the mayor is i think the mayor continues to fuel this cover up as exposed as it is here in the city of chicago as we sit here today and men and women still remain in the penitentiary who have been tortured and we continue with other lawyers and community activists and survivors and also families to fight these cases. here we are in 2021 and the torture start.