barton said the girl, that host is no relations off and incredibly sorry, was that it will be up to book the this, the mark, the set. that's what the summit will also be as an opportunity for the senior officials in both administration. to me then to mingle on the sod rod. perhaps that will be even more important than the meeting between button and pollutant have priest scripted as it will be. so suddenly, the, the hope these, the, these summit will establish a proud base upon station on which russia and the united states will be able to build that relations doing into the future of the relationship between moscow and washington may be frosty, but these talks will be conducted in sweltering condition. we'll be back with more form geneva in an hour where we can expect joe biden, b u. s. president to of at least touch down in the city. he may well have even arrived in the center by that funny geneva away

ah . the misses them but the one visit here you can't afford to miss. i'm rachel robins in washington coming up may though it's such a 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 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 it's western allies, disgust everything from their version of a belt and wrote 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 biden appears to be following, and the trump administration's footstep. 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 play, some trump era 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 20 days?

gimme a break. the time. joining me now to discuss the latest or burn laska house 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 condense 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 set 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 1970 s, it represented 80 percent of the world's g d p. well, now the g 7 only represents 40 percent of the world's 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 at least 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's only being words because you think about the links that certainly germany has ankle, a muckle 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, it's held by the chinese. so i think that's why you saw a lot of woods come out. they did say with this that's a stomach 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 woods. 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 to be g 7 have? well now, i mean to hillary points. i mean know number one 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 cheap stuff. china, you 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 m a 7 was a real kind of reality based authoritative either economic force in the world, canada would not be part of the g 7, right? instead you have countries like india. you 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 nearly as influential. in fact, the only reason canada is there is basically they kind of cheerly for the u. s. 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 fun. yeah. he had a frog in his throat. i'm not sure what it was, but if he, 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. we have a 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, these 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 if it's 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 on auto parts. johnson counted it as the green belton road plan. obviously it addresses lots of things to do with climate change in courses we're going to climate change. don't forget this summit, you know, by the way, over with 2 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 that never going to have a wife that she there was 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 and they want to get rid of men. all righty. 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 report saying why won't buy it and do it. just play that clip over and over and you'll see why buy does not want to have a joint program. press conference with food and who, by the way, he has referred to echoing back the words of george stephanopoulos, referring to him as a killer saying it's a killer. look, i think that there will be a meeting between the 2 of them. they don't want to have this news conference because honestly, i think it's a bad. the optics are bad, it'll look bad for biting. he'll look week beside and prudent will, i think,

take shots at him, 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 see nato really like taking cash in 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,

which 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 their fight is far from over. after a federal judge dismissed their lawsuit, arguing 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 shot. so far as the battle over whether emergency vaccines can be mandated takes on new front. our chief baron, bronze back has the story. last week, a 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 support their right to you. and they, they do not want to give this back to you, or they say, 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 plaintiffs. jennifer bridges, along with 116 other houston methodist hospital employees had no case if we got this now and need some kind of change, everybody's just going to bridges 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. create a domino effect. everybody in the nation is going to be forced to get things into their body that they don't whine and that's not right. moves from other countries. they come here to sort of thing, 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 in 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 and 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 pay since in their families, safer bridges can freely choose to accept or refuse the covert $19.00 vaccine. however, if she refuses, she will simply need to work somewhere else. the ceo of houston methodist hospital says they're happy to put this all behind them and continue to save lives. despite suspending a 178 employees who refused to get the vaccine. the attorney for the more than $100.00 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 my support 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's just for r t. i'm fair in front, back time. now for a quick break, but when we come back, there coin 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? well discussed next. and as we go to break here, the numbers out the clothes shoes

ah, ah, we're in miami for a big boy, 4041. back to safety, read the 1st record, offer frog in 2011. there were about 40 or 50 people there. here in miami, we got 12000 tickets, all the crowd, or 184-5000 absolute. got out a sick warning it's set to go global. they go over the drive and put all the circle back. i do wish there was a lot of phoenix does actually got

a little uncovered face men's clothing and showed a whole stuck. it's a kind of afghan feminism, its name is how camino ah, well above put a human level, some of the whole model that it was, it was on the job. but you know, the one that gave me she lives in one of the most dangerous and patriarchal provinces of afghanistan coast lacy, which time i thought sure, no, i shall do. but i haven't set up a new kid. i'm glad you got me knows that she does her best to fight for women's rights. i am not able to get that done. as you know what i do know that she's not here by her nickname. the king was i got it. i call y'all doesn't

really go on the i the global shares weird record highs on monday with us. one yields near 3 month lowes as the world waits for the results of this week. the federal reserve meeting, the expectation is that the federal, 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 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 full 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 region to 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 to watch for is that the global economies, they haven't really started to come back yet. they'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. hardly because the stimulus and partly because the 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 us and in the us having to look at the global supply chain and just how everything moved together. now chris, you all work 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 bitcoin now has a new champion, hedge fund, the legend, paul tutor jones. so how is he viewing 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 paper tantrum. so powell has currently maintained a highly accommodated monetary policy approach and has reiterated that the rising prices are temporary. the connie real but, but tutor doesn't believe this. and instead now it's trying to big coin calling

a portfolio diversify and the story of, well, he calls the fed disingenuous for wearing to inflation as transitory which undermines market based and central banks. on the other hand, big coin is map which is more reliable, consistent, and honest, versus policy makers which create rules and policies consistent with create in 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 filling drunken miller and re dahlia to so i think this rally should be attributed to these guys are actually coming out and buying and accumulating bitcoin rather than someone like musk very recently. who just created twitter drama, and so big point as a market experiment. yeah, and we certainly keep hearing those comparisons to goal the, specially whenever it comes to concerns with the us stock market. now. michelle world stocks are near record highs, hopes of lockdown 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 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 pockets that 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 where they're 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 from 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 be centralized verification system. so if one can i 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 the time 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 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 this severe weather is happening on people crops and even the power supply. after tracking one of the earth, hardest years on record, the u. s. 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 where some of the dry 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. see that 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 fuels management efforts in the state. officials with the national drought mitigation center, say 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 $4200.00 cattle were sold for auction, but it's not just produce and livestock being effected. it's also hurting she examined. 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 shook. cold water is also critical for the famine eggs survival, so not from april to june, and california central valley, some $16000000.00 sam and 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, officials say the west to prepare for above normal temperatures from june through august reporting for boom, bust and tosh. a sweet our team will be here next time. and as always, don't forget to question more, me ah, join me every thursday on the alex simon show, and i'll be speaking to guess in the world, the politics sport. business. i'm show business. i'll see you then. me one of the worst ever mass shootings in america was in las vegas in 2017. the tragedy a close a little live in real life vegas. where many say elected officials are controlled

by casino owners. the dangerous shooting revealed what? the l v. n p. d really is and now it's part of the spin machine to the american public barely remember that it happens. that just shows you the power of money and las vegas. the powerful showed the true colors when the pen demik hit. the most contagious contagion that we've seen in decades. and then you have a mayor who doesn't care to. here's caroline goodman, offering the lives of the vegas residence. to be the control group. to the shiny facades conceal a deep indifference to the people, the vice gonna be saved if they were to 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, the

floors and stupid cities like case studies to make it the transformations over the past decade, advanced mega project most go in for 2 and 21, the largest indian national congress on make it that he development. this is the international just minutes left now until joe biden arrives in geneva for his summit with fled. opposing and does that count down gets near the end? we look through the big ticket issues on the agenda, head of the a thing, the us president calls that even posted a worthy adversary, but avoid giving a direct answer as to whether or not he still thinks the russian leader is a killer. is that still your beliefs are that he is a killer especially the 1st question i'm laughing to also in the run up president putin points to the anti russian rhetoric from washington.