or people who pulled the trigger survive something on survival. one of the hardest things that i had to face was not having a face adult by patient life. accepted. accept the fact that i made that appointment. we had no fears. del change pretty fast for shots. different stories behind the bullets the missing them, but the one visit here you can't afford to miss. i'm rachel robins in washington. coming up may though it doesn't make china as a semi challenge for the 1st time following a g 7 summit. we're busy with the main target. so what does this mean for global

pensions moving forward? well, this guy plus a group of more than $100.00 hospital employees, says the fight is far from over after their lawsuit. challenging mandatory cobra vaccines out work was dismissed by a federal court that global shares around the world here record highs ahead of the federal reserve upcoming needed for the sag keep refund change and how will the market react if it does it? we have a lot to get to, so let's get started. as a g 7 summit comes through a close. the latest meaning of nato allies kicked off in brussels on monday. it was another 1st for president biden, who is gearing up for his 1st in person meeting with russian president put in since taking office. however, it was another country that wasn't even invited to the elite group of 7, which became the main topic of discussion. all roads lead back to china as the u. s

. and its western allies disgust everything from their version of a belt and road initiative to human rights concerns and disputes over the south china sea. but while binding with praise for pledging his support to nato in a way that the former president trump refused, he did get something in return. in fact, according to a reported statement from the alliance for the 1st time ever, nato will designate china as a systemic challenge, claiming beijing's assertive behavior goes against the rules based international order and threatens nato security. while some european leaders see to work with china fight, it appears to be following and the trump administration's footsteps. and when he was asked about why he has yet to lift any of the sanctions, trump put in place. this is what he had to say. the same time you kept in place some trump errors, steel and aluminum sanctions. and i wanted to ask you, when you are having these conversations with european allies who are very concerned

about these sanctions, how do you justify that? and what are your plans? 20 days? gimme a break. scott. the latest are boom, laska ha, stand investigative journalist? been swan. and hillary ford, which president of straw mark l. l. c. hillary. let's start with you. we've heard that china has been quick to condemn the latest language from g 7 members. arguing that the world won't be run by a small group of countries. so what does this mean for beijing moving forward? or pleasure to be back with you, rachel? and one of the things that china is actually said about the west to your point is they've called the g 7 summit west less. and that it used to when it was founded in the 1900 seventy's, it represented 80 percent of the world's g d. p well now the g 7 only represents 40 percent of the walls g d p. so one thing that they had to do, the g 7 had to do during this summer was to prove their relevance, hence coming out. and lisa, stating that it's trying to be a systemic sort of challenge. 2 things. one,

the chinese came out and said that the, the west has to stop scolding and they must stop floundering china. well, really, it certainly being words because you think about the links that certainly germany has. ankle a michael said that we had to have a balanced approach. germany has $257000000000.00 in tons of trade with china. and actually the u. s. has 559000000000 in terms of trade, china and 1 point one trillion in treasury. how by the treasury notes held by the chinese. so i think that's why you saw a lot of woods come out. they did say with a stat systemic threat, but there wasn't much dawn, so sticks and stones may break my bones, but words will never harm me. the chinese took umbrage, but that's all it was was. yeah, that's a great point there. i mean, they seem to be saying one thing and doing another ban. where does this leave china? i mean, does it isolate them and really, how much authority does the g 7, how well,

no, i mean to, to hillary's point, i mean know number one and does not isolate china. it's just words. it's words of an addict who's complaining about their dealer. right? because we still need your chief stuff, china, we still need you to make chief support and send it to us and we still need you to buy our debt. so we'll say all these tough things to you, but we're not gonna actually do anything about it because we can't do anything about it. we're entirely dependent on the chinese economy. so that's 1st, 2nd of all, look the g 7 in terms of authority. they don't have authority for anything. if the g 7 was a real kind of reality based authoritative either economic force in the world, canada would not be a part of the g 7, right? instead, you'd have countries like india, you'd have russia, you have china, you have south africa, you have brazil, all those bricks, nations that are fast becoming the largest most powerful economies in the world would be part of this summit as opposed to countries like italy and canada. that are much smaller in terms of their g d, p. they're not or is influential. in fact,

the only reason canada's there is basically they kind of cheer leave for the us, i think and say yes, whatever you say. and lastly, before you go to hillary, let me just say that sound bite. you played up, jo biden's voice. oh, that was horrified. yeah. he had a frog in his throat. i'm not sure what it was, but if he ever sounded weak and feeble, that's the somebody to play, my gosh. yeah, and that's just the beginning. we know that he's going to be doing press conferences all week. so no one went to bed early because he left all the other leaders when they were drinking the other night. he went to bed early. yeah. and he wasn't, didn't even seem to be prep for that reporters question. i mean, they were asking a very upfront question about how his policy has differed and yet his response was just, i mean time. so we'll see where that time goes from there. now, hillary, speaking of the g 7, the members also, and now it's an infrastructure plan as part of this broad collective pushback against china on issues ranging from human rights concerns to non market practices that undermine fair competition. so is this a good plan?

is anything going to come out of this? well, it depends on which side you're talking about, who thinks it's good or not? forced johnson counted it as the green belton road plan. obviously, it addresses lots of things to do with climate change. and of course, as we go into climate change, don't forget this summit. biden went over with to boeing jets. why? because one of them carried on his s, u. v. 's and his actually the be so big, cadillac base, couldn't even make it down the lanes of cornwall. so you know what the hypocrite for gathering, talking about the climate change. one of the things they didn't mention was the fact that china is building 184 coal mines as we speak, and that wasn't even mentioned. so this plan was supposed to this green belt road is supposed to counter that plan. i tell you what it didn't address and something nobody is addressing. and that is, china has 34000000 men extra because of that i have one child policy from 1979 to 2005. they got 34000000 men. they have to basically do something with these men and never going to marry the never going to have

a wife. and actually there were 37000000 in india. so between india and china, you got 70000000 men. what are they going to do with them? i think that's one of the great threats to the global peace and stability because these men have to go somewhere and we know what nations do when they want to get rid of men. all right, well, that'll certainly be interesting to see where that goes. now been before we go, i want to bring up another meeting that's going to be happening this week, which is between president biden and russian president, who now ivan has announced that he's not going to hold a joint press conference after the meeting. we just saw a clip from his last press conference. so why is that? yeah. well, i think that's exactly why, righty all the, all the reports saying why won't buy it and do it. just play that clip over and over and you'll see why by take shots at them, which of course biting people don't want. but i do think, you know, there is an important issue here and that is the nato issue. how russia has been the center of a lot of these attacks by nato, for so long they still are. but the fact that nato was now turning it sites toward

china. remember, nato is a very antiquated organization. it has had no real use since the end of the cold war. it has sought out enemies of some kind to create enemies. russia has been that enemy now for about 20 years. it's intensified, certainly in the last decade and the last few years. and now i think they're turning their sides towards china as well. i think that what we're going to see is kind of a tough stance, but i think we seeing nato really like taking cash. and now on this idea of creating new boogeyman enemies that keep it funded and keep it in their mind relevant. as i seem to keep going on in the same circle, will certainly be interesting to see what comes out of not only these meetings, but also these are coming press conferences, fence on hillary ford ridge. thank you both for your time and insight on this one. pleasure, rachel, a group of more than 100 hospital employees from houston, texas is now saying they're fight is far from over. after a federal judge dismiss and their lawsuit are doing that,

they should not be forced to take a coven vaccine in order to keep their jobs. the hospital they worked for has suspended nearly 180 employees for refusing to take the shots so far as the battle over whether emergency vaccines can be mandated takes on a new front. our chief baron from zach has the story. last week, dozens gathered to support more than 100 nurses at houston methodist hospital for refusing to take a mandatory cobit 19 vaccine. the porter is holding signs reading. i call the shot, not you for their right to use. and they, they do not want to get this back, the least they want to wait. but a judge in the us district court for the southern district of texas did call the shot judge lynn hughes said the lead plaintiff jennifer bridges, along with 116 other houston methodist hospital employees had no case. i don't know that this now in the summertime it changed. everybody's just kinda apple registers

to the hospital back in may says she does not want to take the vaccine because it does not have full approval from the us food and drug administration. adding the vaccines are under emergency use authorization from the f d. a was created. domino effect. everybody in the nation is going to be forced to get things into their body that they don't line. and that's not right. legal moves from other country to come here to bridges and her lawsuit claims the injection requirement violates the nuremberg code and compares the threat of being fired by the hospital in this case to forced medical experimentation during the holocaust. the judge and her statement wrote, the nuremberg code does not apply because methodist is a private employer. not a government equating the injection requirement to medical experimentation in concentration camps is reprehensible nazi. doctors conducted medical experiments on victims that caused pain, mutilation, permanent disability. and in many cases,

death, the judge also wrote in response to bridges saying she's being forced to getting the vaccine or get fired. is not coersion. methodist is trying to do their business of saving lives without giving them the cobra. 1900 virus. it is a choice made to keep staff patients and their families safer. bridges can freely choose to accept or refuse a covert 19 vaccine. however, if she refuses, she will simply need to work somewhere else. the ceo of use and methodist hospital says they're happy to put this all behind him and continue to save lives. despite suspending a 178 employees who refused to get the vaccine, the attorney for the more than 100 nurses responded to the judge's decision. quote, this is just one battle and a larger war to protect the rights of employees to be free from being forced to participate in a vaccine trial. as a condition for employment. we will appeal to the u. s. supreme court if necessary . so i hope they get the right, of course,

to get their job back as far as what bridges and the other nurses could get. the judge wrote in her conclusion, bridges and the balance of plates, it will take nothing from houston methodist hospital, everybody for r t. i'm fare in front back time now for a quick break, but when we come back, bitcoin balances back above 40000. but how did the latest comments from tesla c, e o u on math have an impact on the world's most popular crypto currency? we'll discuss next. and as we go to break, here are the numbers out the clothes shoes . ah, ah, ah,

the ah. ah ah ah

ah ah the next either financial survival guide. daisy let's learn about fill out. let's say i'm a show i get any or i'm grief base of the fight. walk 3 prod. thank you for helping . ah well enjoy. that right fell out. that way. the global shares neared record high on monday with us one yields near 3 month lows. as

the world waits for the results of this weeks. federal reserve meeting. the expectation is that the fed will keep the ultra low interest rates that were put in place in response to the pandemic. but with consumer prices rising, more than expected, it raises questions about how the fed will respond, and whether inflation will truly be as transitory as they say it is. so joining me now to go further in depth on this topic or boom, co host kristi i and michelle snyder, partner and director of training research and education for the market gauge group . michelle, let's start with you. so what are margaret's expecting to hear from chairman jerome powell at this week's meeting? i mean, is there any chance that they could be forced to walk back those claims of inflation being merrily transitory? well at this point, what their basically been saying is they expected the economy to run hot with the reopening, the expected elevated prices through the summer. and that's where the transitory is

coming from. when we just saw the recent numbers on core inflation, basically the 49 percent of it was used car rental cars, some housing and also airline travel in hotels. but then when you look at the cpi that includes energy and food, and that's really what has been the biggest concerns going forward. so i don't believe that the fed still thinks that this is anything more than transitory. and of course, that remains to be seen. what's going to happen here? i, of course myself believe that it's more than transitory, particularly when you're talking about the food commodities that have been skyrocketing for regions other than stimulus and other than government spending. and all of the buzzwords that you hear faltering the rise of inflation. but the fed is in a real pickle and that's not going to go away. if they put the brakes on now, then you're going to have a market that will decline very, very hard. it will hurt the consumers on both ends because interest rates will go

up and inflation will happen anyway, unless they go crazy and that's not really likely to happen. the other thing to watch for is that the global economies, they haven't really started to come back yet, you're still dealing with variance there. so we're really even talking about inflation. united states, once that demand opens up more globally with the short supply that we've had. partly because the supply chain partly because of low labor, highly because of stimulus. and partly because of government spending, things could really explode. at that point. maybe the fed will have to do something a truly have a lot of moving parts there with other countries looking to the u. s. and then the us having to look at the global supply chain and just how everything moves together . now chris, you while we're here, i want to talk about bitcoin. i know it's been a good day for the most popular crypto currency, and we're also seeing that the coin now has a new champion, hedge fund, the legend, paul, tutor jones. so how have you in crypto altera has long been an advocate

for bitcoin and its anti inflationary property. so now he is planning to go all and on the inflation trade. if the fed keeps on ignoring hire consumer prices are on the other hand, if the fed does come out on wednesday with a different tone and is more hawkish than the markets would be unsettled, and you will get this taper tantrum. so power has currently maintained a highly accommodated monetary policy approach and has reiterated that the rising prices are temporary, the economy reopened, but tutor doesn't believe this. and instead now it's trying to big coin calling a portfolio diversified. and the story of, well, he calls the fed disingenuous for wearing to inflation as transitory which undermine market based and central banks. on the other hand, bitcoin is map which is more reliable, consistent, and honest versus policy makers which create rules and policies consistent with create and human nature. so bitcoin today is definitely getting a boost up to around $40000.00 from the inflation trade as it's increasingly being

regarded as an inflation hedge. very similar to gold. so more and more hedge fund managers are coming out and supportive it, including building drunken miller and re dahlia to so i think this rally should be attributed to these guys who are actually coming out and buy an accumulated bitcoin rather than someone like musk very recently. who just created twitter drama, and so that point as a market experiment. yeah. and we certainly keep hearing those comparisons to gold, especially whenever it comes to concerns with the us stock market. now michelle world, stocks are near record highs as hopes of locked down are listed. i mean, aren't expectations for reopening trade already all baked into the market and where do we go from here? i mean, surely, stocks can't possibly keep on going up and up forever. right. well, valuations are definitely high, there's no doubt about that. and if you're looking right now, they've been rotation back into growth stocks and that's because of the fact the yields have actually come down today. they went up a little,

but for the most part they've come down. so in terms of whether or not the reopening trade is baked in, i'd say yes and no, i think we'll have different stages. some of it will already seeing how much further though, can energy prices go it would that again is going to be a lot to do with what happens globally once those countries start reopening. also how big the vaccine roll that will be. so we'll see, pollock, it said, may have gotten over valued like for example, the housing industry may be over value, but others that really still have a long way to go. and essentially, here's what i like to tell people if you want to know what the fed is doing, you just have to watch junk bonds either it's h y g or j n k. because that's been the folly of the fed, whether doing the bond buying program. if you want to know what the market is saying about the economy, you don't look at the growth stocks. you look at the rustle to 1000 because that's manufacturing. you look at retail because obviously we're a consumer economy and you'll look at transportation because that tells you how

goods and services are moving. and right now they didn't go up in tandem. they have to keep up. so those are your warning signs to watch for. that's an excellent point and good warning signs to look out for now, christie, before we go, i know you mentioned you on mosque. we're seeing that he is trying to backtrack once again, saying that tesla would resume allowing transactions when bitcoin can confirm that 50 percent of its energy for mining is derived from clean energy sources. or do you make of that? i mean, is he back to trolling once again? exactly. i think given this latest tweet, it's simply a very status key to kind of walk the statement back, given that no one knows exactly how to measure 50 percent clean energy usage. let alone precisely where miners are geographically located. so right now studies indicate that the goal could already be met as researchers have been looking into the number of minors which leverage renewables for some time. now. as of june, 2019 reports show that 74 percent of the big coin mining industry is heavily driven

by renewable. another independent report published in may detail that bit point network energy consumption are misguided and that big point carbon footprint is a silly argument compared to that of consumers and been streaming netflix. so on top of that, it's absolutely impossible to try and pinpoint the locations of minors. i mean that the entire point of it, the centralized verification system. so if one cannot truly estimate where all the big queen minors are located, then how do we know if the 50 percent of the energy is even clean? so if we trust the report, the studies that we have today, then the 50 percent mark might have already been met. so this is the latest attention seeking tweet by month, which really isn't worth a dime to divert attention away from the fact that the big point mining counsel has now gone live as of this weekend with michael sale or microsoft is a founding member, while muskets booted off another day, another comment on christie, i michelle snyder. thank you both so much for your time and insight in the western

united states, the area is seeing its 2nd year in a row with severe drought. these overly barren conditions have taken their toll from their rocky mountains to the pacific coast. r g is natasha, suite has more on the impact. the severe weather is happening on people crops, and even the power supply. after tracking one of the earth hottest years on record, the us in western states are seen a direct impact according to a recent report from western monitor. more than 88 percent of the west is experiencing severe drought from california washington to idaho in montana some 58000000 people live were some of the dr conditions are happening. the majority of california is in some type of drought. state has some 500 reservoirs. officials say they were 50 percent lower than they should be at the beginning of june. however, parts land doesn't just mean dried up water resources. it also means increasing the chances of an out of control fire season. the golden state has already seen more

than $900.00 additional wildfires and this time last year which was record breaking, that's an increase of at least 26 percent. the danger prompted governor given you some to propose spending to 1000000000 on walter mitigation, double what he proposed in january. that $2000000000.00 will allow us to build on the $536000000.00 of early action with an additional $708000000.00 for our fuel management efforts in the state. officials with the national drought mitigation center state california mountains or expectancy above normal balls are potential through the summer and possibly into the fall. the drought also impacts the power grid system. the lack of snow and rain means less water behind hydro electric dams . this leads to less fuel for producing hydro power at a time when more energy is being demanded by way of air conditioning. this can lead to the hydro power being replaced with other fossil fuels, increasing emissions. less water also takes a toll on farmers being able to properly irrigate crops. ranchers also being forced

to sell their cattle as a drought worsens in south dakota and 4200 cattle were sold for auction, but it's not just produce and livestock been effected. it's also hurting should examine during the 2015 drought water levels became so low that water was released from lake shasta, but this increased water temperatures and almost killed off all juvenile chinook. cold water is also critical for the salmon eggs. survival to not from april to june and california central valley, some $16000000.00 salmon will be transported in temperature, regulated trucks, them and generate some 900000000 dollars each year in california alone. and according to know what drought conditions are only expected to get worse this year, official say the west can prepare for above normal temperatures from june through august reporting for boom bus and how she sweeps our team was here here next time. and as always, don't forget to question more. me ah,

me one of the worst ever mess. shootings in america was in las vegas in 2017. the tragedy a close a little of the real last vegas. where many say elected officials are controlled by casino owners. the dangerous shooting revealed what the l v m p d really is. and now it's part of the spin machine. most of the american public barely remembers that it happened. that just shows you the power of money and las vegas. the powerful showed that true colors when the pen demick heard the most contagious contagion that we've seen in decades. and then you have a mayor who doesn't care to hear is caroline goodman offering the lives of the biggest residents to be the control group. to the shiny facade, conceal a deep indifference to the people by going to say that they would take an action. absolutely, keep the registering and keep the slot machines doing. this is

a money machine is a huge cash register that is ran by people who don't care about people's lives being lost. ah, do it again, which there was just a little a few of them actually got a little uncovered face men's, clothing and shoulder stuck. it's a kind of gun feminism. its name is camina. ah, well above put a human level, some of the whole model that of us is, was the level of up up on the job. but you know, the ones that gave me she lives in one of the most dangerous and patriarchal provinces of afghanistan cost gala lacey, which time on the national level that i shall do, the average for that updated to run by. yes, i got,

he knows that she does her best to fight for women's rights. i am not going to get that done as you would. i do not know that she's known him by her nickname. the king was going to go over. that was really a good one day. i me the news in the headlines issues at lunch time, setting the tone for the some i let him approach and points to the anti russian rhetoric that and coming from washington as he's grill that american tv about

jailed opposition leader likes in the valley. cyber attacks moscow's military build up support that we've been accused of provoking the black lives matter movement. that would have been a good line of attack, but we didn't do that. the head of the geneva summit coming up tomorrow. biden cold food, worthy adversary, yet avoid giving a direct answer about whether or not he still thinks posted as a killer. is that still your belief, sir, that he is a killer.