angel primary candidate within the g o. p. what about the republican party leadership? are they on board? and does trump have a message that would return him to 1600 pennsylvania avenue? i believe we need to look, i was off the bus to can you through the news that actually use the machine, which is to build me up to your school budget that i would have to continue with with a dinner each cookie famous from caught up by

both of us, i use the this is boom, but the one business show you can afford to miss branch your board and merge of love. and then washington coming up. the fcc has some new requirements for chinese companies. if they want to maintain their listings in the us, we'll take a look at how the risk of government interference will play a role moving forward. then europe grapples with the latest crisis as greece. battles is worse, heat wave in more than 30 years. we have a live report from the ground straight ahead and the eviction moratorium in the united. it says officially expired,

putting millions at risk of losing their home later on will analyze the situation with rtp very own rick sanchez. perfect. so today let's dive right in and we leave the program with another back and forth between china in the united states. this time over the listing of equities, as beijing has continued its crackdown on shares sold overseas on friday, the securities and exchange commission and now it will require chinese companies looking to list on exchanges in the us to disclose the risk of government interference in their business and further explain their legal structures. these firms must also reveal if chinese regulators denied them permission to lift on us exchanges. now, with american markets sitting at or near record highs, chinese listings in the country have reached a record $12800000000.00 so far in 2021 according to data from or affinity data. now the increased scrutiny comes after ride sharing giant dd global wet public on the new york stock exchange at the end of june,

shortly after beijing took issue with the company due to concerns over cyber security practices. and in the aftermath, dds. dr. more than 30 percent from its ip price on sunday, in response chinese securities regulators, said the to site need to uphold the spirit of mutual respect and strength and communications on regulating china related stocks. so what does this mean for the future of some of china's biggest companies listening in the us? well to discuss, let's bring in john, call to the dean of the miami herbert business school, and i'll be more envy theo, of optimist, l l c. thank you both for being here. the quote i want to start with you in fcc chair gary gansler statement on the issue. he said he worries that average investors may not realize they hold stock in a shell company rather than a china based operating company. how are these companies actually listed in the us? and what exactly does all of this mean? things sprint. so these are variable interest entities that are

essentially listed as a diaz on the exchange. they are, as you have implied, not necessarily transparent to shareholders and especially individual shareholders in the us regarding the legal structures. and that's part of what miss against are, is targeting here. this is a continuation of an effort to tighten up regulation and transparency with respect to chinese. 80 are listed companies of which there are about $400.00 on the american exchanges, including about 10 stay don't to enterprise. as you'll recall. busy that there was an effort made to tighten up on the ordering really regulations regarding disclosure by these companies. and now following the meltdown of the dd,

global by p. o. which of course cost american investors and their advisors, a tremendous amount of money. as you indicated, there's now a backlash in the us to make sure that there's more transparent disclosure by these chinese entities. now tabio staying on the subject of trying to avoid losses in the future. i mean, when we look at that $12800000000.00 in chinese listing so far this year, and of course in d d taking losses and the regulatory scrutiny, is this all about the fcc trying to avoid some kind of market meltdown of chinese stocks? your fog world to mystic and generous, your interpretation, the fcc actions. and i think if i look at that and say they're trying to make things worse if anything. so they're adding new dispos requirements into the chinese stocks in terms of and now trying to companies going to require disclose what actions might the chinese government take that might impact you in the future

. and of course, there's no honest way to answer that question. and what that does is opens up these chinese companies, future losses who shareholders more than anything else. so i think the fcc is wrong and helping is making things worse, perhaps in adverse outcomes because i'm calling this guy don't know, they seems we are in the phase that was come to about tension. and i'm most between debating washington. and this just seems like a manifestation of that. so i think he's doing the opposite. the trying to make things worse. that could definitely be the case with all of those rising tensions between the us and china. now, dean quotes, let's look at the response from chinese regulators. here. it seems that they have been particularly tough on chinese tech companies listing abroad, along with all of the economic tensions with the u. s. do we really expect these 2 sides to work hand in hand to make this work? are you is optimistic? are you more pessimistic? the way our tabio is while i'm, i'm a little bit more on the pessimistic side. i think china is very much focused on internal issues and that the measures that were taken against

d. d global for instance, were essentially reprimanding that company for listing on the new york exchange. contrary to what beijing had asked to do. so i think they ging, is interested in sort of raining in these chinese companies are not particularly interested in the welfare of american investors who buy their a diaz. i don't think china needs the capital investment of american investors as it used to do, perhaps 5 years ago. so very much of an internal focus on the china side. and let's face it. chinese stocks over all of gone down 22 percent this year while the s and p is going up 18 percent. you know, that's a manifestation of the increasing perception of political risk that's associated

with holding chinese ideas in the u. s. and now octavio, there's another story, as well as we talk about this regulatory landscape. shares in a group of gaming related companies including chinese, heavy weight, 10 cent, and net is punch tuesday after a state o newspaper criticize online gaming as quote, opium for the mind and called on further restrictions on the industry 10th. it was down 6 percent with net. he's losing a percent on shares listed in hong kong, overall tech on the index. the last one and a half percent for the day. do you see investors or do investors see this as the next front for the tech cracked out in china after what we've seen over the last several months. and they should have said that with apologies to call marks, of course, that religion is the people are the methods. so i guess we moved all the way to video games. now the opium of the mind, which is progress of a sort i suppose. no, i think i think from what was happening here is that the chinese government has

always tried very hard to keep this pulse and maintain control of what it thought, what the strategic sectors in the economy and that in the past with things like banking a lot manufacturing sort of heavy manufacturing sort of mineral extraction, things like that. so they held on to steal foundries and things believing that was the future strategic sector, 2030 years own and doesn't look like those sectors that, that strategic and other areas are sort of got away from them. and now the areas that the trying to catch up on. so i think the chinese communist party feels like they've lost controls and very serious parts of the company and trying to rain. and the fact that they thought were important, the parts are simply not relevant anymore. and thoughtful, it's happening sort of catch up as catch up on the strategic factors and bring them back under control the quality of 30 seconds. why do you make that last point there? from octavia. well, i think those i think are 12 years right. but i think in addition, the chinese government is very interested in social control and not letting video game activity get out of hand among young children and frankly,

tense. and the other companies in this industry going to have to play ball with the chinese authorities to continue to operate. so there's a license to operate concept in china that involves working with the central government and respecting social policy as directed by beijing, right. of course, it should be noted that china obviously recently actually lifted restrictions on video games as a whole. in recent years, john clouds jean of the my american business school and octavio moran, the ceo of optimus l l. c. thank you so much. greece and turkey are being hit with mouth of heat waves and wildfires which are crippling the nations right now. in fact, the prime minister of greece says the heat wave is the worse in 30 years. so joining us now to discuss this and how it's impacting countries already struggling

from europe, cobra lockdown is boom bus co host ben swan who joins us from grief. now ben, give us an idea of how severe this heat wave is. what's it like there? yeah, it's pretty incredible guys that we're talking about in athens today. it's a 108 degrees fahrenheit, which is a staggering number to consider. yeah. and really this has been the case all across breeze. 20 degrees hotter than it normally would be. this time of year. it's the hardest. it's been in 30 years. we're talking about in 1987 was the last time it was this hot increase in 1500 people died that year because of heat related deaths . so this year the numbers so far have not been, you know, to that point. but in terms of the actual heat, it's just incredible. as i mentioned, you know, 114 degrees last week in athens, today's 108. so it's, it is hot. and then in greece, we understand that the power grid is at risk of failing due to the heat. talks

about that yeah, absolutely. a to coal fired power plants that are offline weren't supposed to be used at all anymore. and you were supposed to be retired. and the government has actually put those back online to be able to help with some of the, our grid issue. cuz there are so many people using air conditioning, as you can imagine in this area that it's actually having a huge effect. so the power grid certainly is at risk right now there are a lot of concerns about that. i will tell you that internet service you're probably noticing on your end is not that strong here right now. that's also, you know, because of so many people just not using power. so the, the power supply here is, is pretty limited right now. the good news is, is that the expectation is that this week is supposed to be the peak week after that and supposed to start going down hopefully. so the investment one time now for a quick break, but when we come back to bite administration lifts the federal ban on evictions and calls for state and local government to take action. but what is fueling this

crisis and where has all that money gone? we'll discuss and that's a good break. here are the numbers that the me me the new gold rushes underway, and gunner thousands of ill equipped workers are flocking to the goldfields, hoping to strike it. rich children are torn between gold education. my family was very poor. i thought i would do my best to get back to school, which still will have the strongest appeal the

. the me join me every thursday on the alex salmon 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 the the me

the the federal ban on evictions officially expired over the weekend a mid concerns. it could result in millions of americans being thrown out of their homes. but the white house says it is now putting the pressure on state and local governments to address what many fear could become the latest crisis. this is a president who is double triple enquire, drew bullying this and it's not just and is responding by then saying if, if we don't have legal authority in some place than we need to do our wide administration and state and local, look at where we do have the authority to act and prevent evictions. the numbers are staggering. it's estimated that 11500000 americans are behind on rent. that includes one in 5 renters with children. congress says it is done as part already

pointing to the $46000000000.00 and rental assistance it approved between december and march. the only problem is it appears that only a small fraction of the aid has actually been spent almost $50000000000.00 was allocated $46000000000.00. less than 10 percent of that have been spent around $3000000000.00 is reported to me, but i'd say it would be 10 percent. why should the, the renters be punished for the fact that the system did not put money in their pockets to pay the rent to, to the landlords. but others are saying, what about the landlord who haven't been receiving rent from their tenants? and also haven't been able to sell their houses at a time when the market is historically hot. as you look through that sort of supply chain of housing, if landlords are stuck with tenants that they can't force to uphold the contracts

and keep their agreements right. even though those tenants have been getting all sorts of government aid in terms of enhanced unemployment benefits and so forth and, and for many, many months weren't spending any money. but you know, household savings rates have have actually skyrocketed. while some americans may have been able to save others struggle to survive. in fact, more than 7800000 americans descended into poverty and 2020 marking the single largest increase in us history. while a handful of democratic lawmakers were seen protesting at the capital, calling for the ban on evictions to be reinstated, many are asking where the rest of that $46000000000.00 when and why it wasn't used to help those who needed it most before. it was too late. joining us now to go further in depth on this is host of the news of rick sanchez, brick sanchez, himself. it's great to have you on the show today. now there seem to be 2 arguments

here, one of which is that americans got just enough government to get by which means that they were struggling, they're still struggling. the other is that they got so much a that they were able to save it up and they weren't paying rent because they didn't have to you. is it possible for those both to be true at the same time? can i present a 3rd argument? absolutely. that was so horribly mismanaged that they didn't either get too much or not enough. they got money that was sitting out there in the atmosphere that they could sometimes touch or that they had access to. but they didn't have to tell anybody that they had access to it. so if you get, if i'm giving you, if i'm your landlord and you're my tenant and you're getting a check from the government, i don't know whether you're getting that check from the government. so you didn't pay your rent, i'm just assuming she couldn't pay her rent. when an actuality you're pocketing the money that's coming in from the government. it's that kind of situation that this breathes where you have no sense, right?

of a concrete understanding of what the forces are in the marketplace. and that's what creates dysfunction. and that's what we have. we have dysfunction right now in the housing market. nobody knows whether it's up or down what the prices are or where the prices are going to be going. because the government stepped in and not that they didn't do. i'm not saying they shouldn't have done this. i think you should help poor people when they're in need for at least in the middle of the cobra situation. but it was just horribly mismanaged. well and rec, here's the thing. i mean, we obviously know that government at all times doesn't work the way that it's intended in that situation, but the white house dot contending that this should all just be done on the local level. because obviously here in washington, they can't get anything done. now that would seem to make sense, they would understand the plate of the people in their states and in their areas more say the federal government does, but doesn't that risk in a polarized political climate that we live in today? doesn't that risk being left behind?

oh no, i know exactly where you're going. in other words, if you try and do it that way, then republican states are going to be all macho and stuff and say, no, we're not going to give any handouts to anybody. the democratic states are, by that i mean, where they have legislatures that are democratic or governors, other democratic, they're just going to get farther away because, you know, they want to be in a situation where they get more votes. so now you're absolutely right. the problem is if you try and have a coordination between the feds and the states, it goes haywire as we've seen, just happen because they don't cooperate with themselves. if you try and let the feds do it by themselves, it doesn't work. and if you give it to the states, they kind of go in their own direction and then you have some guy in new mexico playing by different rules and the guy in new york. so it is difficult to do that way. but in the end, guys, you gotta understand something, and i can speak to this because i'm a cuban, which means i understand communism very well. and if i took you to cuba now and introduce you to some of my friends down there, they would tell you that whenever the governor, the government gives you something,

we're going to find every way possible to cheat steel. take it pocket and not declare it. and that's kind of what happened with the coban situation. people will love take advantage of these types of situation. and i want to follow up on that initial question because our producers just telling us within the last several moments, there's been breaking news that the bite and administration is actually going to issue a targeted moratorium on evictions. and actually targeting counties that have high levels of coven transmission currently. i know obviously would that's about the information that we have at this moment. but what do you think about that as part of this? i mean, at 1st glance, as i'm listening to it, i think it could make sense. it's coordinated somehow at some, at some base level, if you and i hate to say this, but you're going to have to involve the private sector somehow. you're going to have to involve either a mortgage or sidney. are these guys too often put the money in their own pocket? i know, don't send cards, but somehow you have to have somebody who knows how to do this and is accountable

for it. and the people who are going to receive this help have to somehow bend, declare a line that they received it because the people who are also getting screwed here, by the way, or the landlords. nobody's talking about them because we think they're all rich. they're not, there's some guy who has, you know, another apartment aside from the one that he lives on it, he's renting it out to somebody. he was living off of that and now he can't pay his bills. so this is too small to us. it is now speaking of the lack of oversight him in congress says they've dealt with this because they've passed $46000000000.00 and rental assistance. and why don't you think we're seeing more of an emphasis on the fact that only a fraction that has been spent, and we don't seem to know where the money is. it's the most laughable brand you and i were talking earlier. i was 1000000. yeah. california got 1w1w over 1000000000 that was allocated, what are they but the biggest economy in the entire world and of all that money, they got 1000000. why? because somehow in that's what i was just mentioning by the way. thank you for

making my point. i know you were trying to get me there and instead you made my point, rachel. and the point is this. when you allow a government to try and coordinate with other parts of the government, usually what you get is chaos. somehow in an instant like this, you probably need people who are not so bureaucratic and who probably can find a way to manage that situation so that everyone gets at least something close to an equal share grand inside. as always, rick sanchez. thank you so much for joining us today. thank you. appreciate it guys . and finally, boeing, star liners, spacecraft, next launch attempt will have to wait for the time being as tuesdays flight with scrubs for the 2nd time in less than a week due to an unexpected issue with the vessel. our team. trinity chavez has the story today. the launch of the unmanned capsule star line or postponed once again, nasa reporting an unexpected valve issue cause the hold up this making the 2nd

delay in less than a week originally scheduled to launch last friday. it was postponed following a mishap at the international space station when a new laboratory module from russia called nuka, arrived at the space station. and when it docked, it briefly tilted the space station 45 degrees when the modules thrusters unexpectedly fired. and now that things were back to normal at the spring station, nasa and boeing were supposed to again try to prove that they can safely take a crew to the i ss. we want this wind to go perfectly all the way to the international space station to dock autonomously. and then to return home with a landing on the desert in the western us. back in december, 2019 the star line are blocks it into space. but ended up in the wrong orbit and could not reach the space station. nasa officials say they identified 80 corrective actions that had to be done before the star line or capital launched. again. we

want to go perfectly before we put human astronauts on the 1st actual flight with humans. that is the reason we're doing the 2nd orbital flight test. now no humans are expected to be on the test flight, but it will take measurements with a test medical named rosie the rocketeer. experts say this, your series of space launches will open the door for future space travel. this comes after billionaires richard branson and jeff bezos both blasted off in their private spacecraft last month. but investors and customers are keeping a close eye on boeing, as it continues to grapple with a series of controversies and scandals involving its $737.00 max aircraft reporting for boone bus. trinity chavez. * r t excellent reporting as always from st. chavez and very interesting beach. the last point she made was right on boeing just cannot get a when, when it comes to anything in the aerospace industry,

even though they're the biggest in the industry. and it's interesting to see that when, when they assign these contracts with nasa in kind of a similar way that basic that and i believe they were happen around the same time, is how many times space x was able to, you know, do missions to the i s, as they were able to work that all out, they were able to get that and the starlight or project just for lack of a better term and lack of upon it can't get off the ground. maybe something to do with the basics. i mean, they also beat out blue origin and even just phases. couldn't get it back. so maybe it's just space that maybe you got something there. there you are definitely right . and that's it. for this time, you can catch boom bus on demand on the portable tv up available on smartphones and tablets through google play on the apple app store by searching portable tv. portable tv can also be downloaded on samsung, smart tv, and roku devices, or simply check it out at portable dot tv. well see you next time me.

ah ah no worries, let me log in it can can while we're on by now i know i should know mama and i've been on mon on the special fields on my like one of them will that'll allow you to have an initiation national flirtation the local

community are good all small, lot deeper than the no, i mean, i mean i saw it and they went out and my my name is so look forward to talking to you all that technology should work for people. a robot must obey the orders given by human beings, accept where's the shorter the conflict with the 1st law show your identification. we should be very careful about artificial intelligence. the point obviously is to great track rather than fear i would take on various jobs. i mean with artificial intelligence, we have so many with demon a

robot must protect its own existence with the british and american governments have often been accused of destroying lives in their own interest. while you see in this, these techniques is the state devising, messes, to essentially destroy personality of an individual lifetime. means this is how one doctors, theories were allegedly used in psychological warfare against prisoners deemed the danger to the state. that was the foundation for the method of psychological interrogation, psychological torture, disseminated within the us intelligence community, and worldwide among allies for the next 30 years. and the victim say they still, with the consequences today

the ah, israel shells lebanon in response to rocket fire, but there's disagreement over the group behind the original attack. you now accept digital cove in 1900 certificates from the san marino, where most of the population is innoculated. with the same russian job still waiting approval from the blocks. medicines agency to cover up or not debate rages over how effective wearing a medical mosque is in controlling the spread of corona virus suite and drop the requirement before recording 0 due koby cases. while the us says it's still crucial to where was i'll panel discusses the conflicting advice and they told us to wear the mask and then we will have locked downs and now we're doing locked downs. it's one of the.