takes another huge quantum leap of some version the the the boom bus, the one business. so you can't afford to mit branch a board and i'm rachel blevins in washington coming up. oil prices continue to fall . just as opec water starts increases output. we'll take a look at how the latest drop in demand is having an impact on the industry plot. could europe or versus paul is be allowing travel from us tour. it will bring you a live update from one of the countries requiring a green pass for indoor activity. and china's economic recovery has begun to slow

down as inflation and the delta variant. take it for later on, we'll go into the data and what it mean for the global supply chain with impact. so today puts dive right in and we leave the program with oil as prices continue to fall monday, due to uncertainty surrounding the increase in new cases. of the coven, 1900 delta various. both brent crude and west texas intermediate slate as much as 4 percent points throughout the day. following last week's losses of more than 7 percent. the worst week for oil since october of last year. one major factor taking a toll on the commodity is demand china, the world's largest oil importer and 2nd biggest consumer. so the imports of $9700000000.00 barrels per day for the month of july, the 4th consecutive month below $10000000.00 barrels per day. now the concern about demands come following opec plus members agreeing to an increase output 540-0000 barrel per day,

starting in august. or you will remember the cartel made record cuts in april of last year as a panoramic grip the globe. now of course, despite the recent loss as it should be noted, prices are up considerably since the start of the year when they were very low. so what is the outlook for oil amid these latest concerns? got, let's bring an ad moyer, he's a senior market analyst with a landa at a pleasure to have you back on the show. i know it's been quite a while. i want to start with the price action over the last week. is this all about those concerns? due to demand from the delta variance, well, it's a combination. i think the delta variant has really started to weigh on the outlook for asia. remember at the beginning of the month we saw malaysia, indonesia vietnam, all in contracts and territory. when it, when we saw those manufacturing pmi readings, china barely hanging onto expansion territory. so there's a lot of weakness right now hitting the global economic recovery story. and right now that is really being driven by the covered very don't the variant and you're

probably going to see prices are going to remain. i'm pretty heavy in the short term just because of this market has come, so it's rebounded so much. you're probably going to have, i think a lot of investors remain cautious as we probably approach this period on wall street where there's a lot of risk that needs to be taken off. and i think there's nervousness over tapering, and that's going to price the oil prices being a little bit more vulnerable here. now, and i want to bring china and all of this. how are they a variable when it comes to the current oil prices that we're seeing? and is there concern the import will continue to fall? well i think right now what we've seen from china, they, for the most part they've really not stepped up by their support measures. i mean, the crackdown that's been going through beijing just seems like it's going to intensify. and right now they're not depending on foreign direct investment. so the outlook right now seems a little bit, i think, on shore in china,

and you're probably going to see investors are going to look at these recent cpi and p, p. i readings and suggest that these new supply chain issues are going to probably remain in place and it just doesn't point for a very strong growth outlook for the 3rd quarter. which means demand for crude is going to be pretty, pretty vulnerable. i think these coming months and now as we all remember, the opec class members took a while to agree on wrapping up production due to kind of conflict between the u. a and saudi arabia. as this demand continues to weighed, do we anticipate the cartel will change its policy and go back to those production cuts that we've seen up until this month? i don't think so. i think right now we have to remember where the or how the oil market was positioned before. at the end of june we were so heavily deficit. it was close to around $2000000.00 barrels. even if we bring on that 400000 this month. and given some of the short term hits to the demand,

i think we're still gonna see this market is going to be tight. so i think you're probably looking at limited down more pressure here for oil prices more me and we're breaking through some key technical levels for debbie t i 65 holds. i think you'll probably see a healthy consolidation around the mid sixty's for them. but right now, i think this market is still going to remain tight and you're probably going to see that i think the outlook for oil prices, you know, to finish the year are still for probably close to that. $80.00 range. and i know after study, ramco reported earnings recently, they basically talked about ramping up production. does that play into this at all? it doesn't. i think the saudi stories pretty expected for a lot of investors. the big question mark is iran, and i think you're probably going to see depending on how those nuclear talks evolve, your, you know, we could see an extra ww, a half barrels of crude come to market by the end of the year. so i think that's the big question marks. saudi arabia has done everything possible to stabilize

prices. i think they have had a measured approach as far as bringing on additional production. so i really don't feel that is going to be the big threat to i'm crude rebounding eventually. once i get past this delta, very concerned. now there's another story here that hasn't gotten a lot of coverage that i want to bring out. and that's, that russia has quietly become the number 2 oil supplier to the us. now they're behind canada. after edging out mexico imports to the u. s. from russia, we're up 23 percent in may. 284-4000 barrels per day. why are we seeing this increase in imports, especially amid all of the tensions between these 2 countries? it's fascinating. well, because the different weights of crew. that's why we need it. we, we've seen us really kind of come down hard on venezuelan oil and you're probably seeing, they thought they were going to be able to force my door out. so basically russia

is taking all the oil that was coming from venezuela, and that's probably going to remain the theme, i think right now the u. s. is still focused on keeping the pressure tight against the venezuela president. so that is a story that is probably still supportive for higher prices. i think you're probably you're going to see opec plus is going to remain confident that the u. s. is going to still be a net importer of oil and i think that's why a lot of people are still bullish, long term for oil. and one more thing before we go ad, there's one angle that i wanted to hit on here. and that's the new report released monday from the united nations calling the climate crisis, a code read for humanity. now this prompts the calls for cutting back commissions, which we've heard a ton recently. will this along with dividing administrations push for electric vehicles, have any impact on the outlook for the oil industry in the near future that all years away? i think that's years away and remember big oil has been really focused on shifting their revenue streams. so big oil has been,

they've been preparing for this for quite some time. i think we were a little, i think the energy sectors saw some relief under the trump administration. we are able to really allow production to get those record levels above 13000000 a day. but i think right now you're probably going to see big oil is just going to keep, you know, maintaining their balance sheets calculated dividends are going to be expected. but there's still, i think, a lot more disciplined to be exercise and that's why we're not going to see, i think, output, you know, rate go up that much more, i think in the coming years. so you're probably going to see prices are going to be fairly supported because of this clean energy initiative. and i think that's very positive for the oil outlook ad moyer, senior market analyst with atlanta. thank you so much for your analysis today. thank you. their opinion is preparing to review its list as states from which not a central travel is allowed undercurrent of virus restrictions and it could

reconsider the inclusion of the united states. the current list is made up of 2000 countries, including the u. s. japan and australia, which are considered safe from a health perspective under the ongoing pandemic. but that could change as a nation, such as italy and france are now imposing a green path as a requirement for public indoor activities. so joining us now to discuss the latest on rome, italy is, boom, co husband swan. now ben, we see you got a great picture out there, but we want to start with what's going on in italy specifically and all around the you. why would they reconsider travel from the united states? well, essentially the e u was doing guys, and by the way, can i say it's so much better here in italy than it was increase or we were, or those wildfires are raging right now. so much better in terms of the signal, so glad that we're doing it from here. but yeah, what's essentially happening is you're looking at the numbers of cases per day that

are added. essentially the standard event, if you get $75.00 cases per 100000 inhabitants in your country, within the last 14 days new cases, then they don't want to allow admission into the you, if you're coming from another country will right now, the united states is around $270.00, not $75270.00. so way, way over that threshold. and so b e u is talking about this very quietly. the problem is, you don't want to like make the united states angry by saying your, your citizens can't come to europe. and so they're doing this very quietly and everyone who's spoken about it so far has done so anonymously. there's no one going on the record saying that, but it is leaking out and now been you being in italy there. where on friday the new green past with the student. how are people responding there? yep. yes. really interesting. i got to tell you guys so. so the 1st day of the green pass, i actually arrived here the day after it was 1st instituted. i was told that there were long lines of people getting it. since then though, it's been very interesting,

i talked to so many people and people are telling me the other don't want to get it right. they don't want the vaccine. so they'll just go ahead and get tested. i've heard from a number of people who are saying, see what the green pass by the way i should mention. it's either you get at least one dose vaccine or you get p. c. r tested every 48 hours in order to go into indoor dining and to theaters into museums, or you are able to prove that you've had cove it in the last 6 months. right? and so that's one thing that's very different from the united states, by the way, is the fact that they are allowing for that the u. s. doesn't even consider that, you know, having head cove it and having natural antibodies. but what i'm hearing from people is essentially they don't necessarily want to get it the people who have taken it. it's because their job has required it of them. but in terms of and this was an interesting experience, a day to different restaurants that i watch past had signs up that said no indoor seating at all. and so i stopped and asked them why no indoor seating. i thought if you had a green pass, you could go in and what the owners told me in both cases was actually you can,

but we don't want to mess with having to check green passes and verify. so we're just shutting out all indoor dining and only eating outside. wow, that's interesting that they're turning to that alternative. now i know another thing that we've talked about has been the fact that a lot of people aren't traveling because they aren't quite sure about the restriction. so how our non citizens are tourist affected by this green path? well, so far, the way it works for tourists is if you are in the country, as i said, you have to have the p c r tests. you can have your vaccination status and i will tell you this coming into italy. there were other folks who were trying to get in as well, and they were saying were vaccinated and they were still being told you need to show us your p c r test. that was boom bus, men, swan, thank you so much for your time and insight on this one. the

and india supreme court has ruled against amazon and walmart and an ongoing fight over whether the 2 retail josh should be investigated for abusing their dominance in the countries online marketplace. now, according to a 3 judge panel, amazon and wal mart's flip cart are expected to volunteer for inquiry in transparency. and the 2 companies were reprimanded for their attempt to do the opposite. now the competition commission of india, now it's plans to investigate both firms last year over claimed they were using their dominance to stifle competition and offering preferential treatment to certain vendors. while the companies have denied the claims and attempted to fight the investigation in lower court, they have indicated they will comply with india's legal system. notably the retail market in india is expected to hit $200000000000.00 by 2026 up from 64000000000 dollars this year. and amazon and flip cart are 2 of the biggest players in india. now this is absolutely fascinating to hear the judges response here because we

think about major corporations like amazon, like walmart, or even like apple, where tim cook called up members of congress when he didn't like what was in their legislation. and yet we're hearing a judge in india saying that these major corporations should volunteer to be part of an investigation that, that something makes you want to do well. and it is interesting when you look at those big numbers of how e commerce in a retail is in india. look, a company like amazon, a company like wal mart. they are a little more likely to comply into work with regulators and be a little more transparent when you start looking at those big dollars because they need that market. once they've learned anything from lawmakers here in the u. s, they're probably hoping that they can kind of get in there to just enough to make everybody happy. and then go on being a massa $200000000000.00 market time. now for a quick break, we'll only come back. how is the u. s. mission to decouple from china, actually playing out and how have the ongoing tension between the 2 countries impacted their relationship when it comes to trade,

full discuss next hand as we go to break here, the numbers out the close, the me the i

one of the worst ever mass 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 vegas shooting revealed what? the l v m p d really is. and now it's part of the spanish, in most of the american public, barely remember that happens, that just shows you the power of money and las vegas. the powerful showed that true colors, when the pandemic had the most contagious contagion that we've seen in decades. and then you have a mayor who doesn't care. so here's caroline goodman, offering the lives of the biggest residents to be the control group. to the shiny facades conceal a deep indifference to the people who might have been saved if they were to take an action. absolutely, keep the registering and keep the slot machines doing in vegas 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 welcome back forecast for china are taking a hit after the latest report. sharon unexpected export slow down in the world's 2nd largest economy, while consumer prices were muted, rising just 1.3 percent year over year. in july factory gate inflation rose 9 percent. the rise and commodity prices as a result of supply shortages, is taking a toll and it's raising questions about whether beijing will move to increase monetary support for its economy at a time when other countries are signaling that they are ready to pull back. so joining us now to discuss our boom, co host, christie, i,

and octavio moran z. c o of open miss. c. christie. let's start with you here. now china isn't seeing inflation in the same way. the u. s. is right now, but there's still a lot of concern about arise and koby cases and a decrease and growth expectation. so how is beijing responding? and do you think that there will be any change to their policy in the near future? there certainly is some concern as businesses continue to face pressure from high raw material costs, china is still on track to expand more than 8 percent this year now, but outbreaks of the delta vary and threaten. he threw to throw everything off track. so consumer inflation slowed slightly. invasion is kind of echoing us with rhetoric right now saying that they believe domestic inflationary pressures is largely controllable. so we expect asian to maintain a mix of targeted tightening and universal eating throughout the remainder of the year. but for now, the persistent inflation and diminishing growth point to slow down,

but it doesn't look like they'll be a risk that caught expense this will search in the near future. so their lives the largely into non facts unlike that of the us. and in china, it was primarily fueled by fuel and fuel related transport services, which had been suffering from higher global oil. so making is likely going to keep a close on the situation. but as for public, i think they will be tightening gradually, but unlikely to overreact afraid of recovery. and now, our tabio, the u. s. the u. k. have signaled they're ready to talk about tapering off. monetary aid and russia and brazil have already raised interest rates to comp, inflation. with all of the talk about trying to continue to provide more economic support, is that likely to have an impact on global inflation? well, i am not sure there is such a thing is global inflation. i think of in place really occurs in

a currency by currency basis. you have to look at each one individually to come to the termination that there is no, there is no world average that makes sense and test inflation. so each each currency. so if we look at something like the dollar, yes, the fed a signal them that the bank of england signal that they intend to increase right? interest rates at some stage in the future when that will occur is very, very unclear. and whether it will occur why the thing is unclear, very, my boost now seeing a trillion dollar infrastructure spending bill make its way through congress in the us. that's going to have to get finance somehow. i think the treasury is going to look at the fed to finance and keep interest rates really low. i don't think the us government can we get for much higher interest rates with living debt they've taken on and continue to take on so that can be tremendous political pressure on the fed to keep it straight really, really low. and the other thing that i think speaks in favor of more inflation is the fact of us banking sector usage. and i'm a huge pile of deposits and reserve, but they haven't resolved to lend out yet. and as economy continues to improve, things continue to normalize, the banks will start to do that. so we're going to see sort of a wall of cash and industry trickle. and then we'll do

a flood of cash come out of the banks, commercial banks as they start to land up and that will be in people's pockets. and about and spend will drive prices highest pills. so i don't think we have that was at all inflation yet. rush, i'm trying to look pretty russia and brazil for present pixels, really about i think, waiting for more inflation coming in the coming months. and yes, don't tell jerome how that then for sure. now, christie, we hear a lot of talk about the us, the coupling from china, beijing remains washington, 3rd largest trading partner with trade between the 2 countries. surging 40 percent to over 404000000000 dollars this year so far. so is this just talking? that's not even possible to decouple at this point. i mean, no, it's not just talk, it's happening, but it's certainly something that's not going to happen overnight. so we're talking about the coupling to nations who have become so entered in the last 3 to 4 decade . i mean, you think about how complicated divorces this is. basically a divorce only is between 2 massive countries who have invested hundreds of

$1000000000.00 each in assets supply chain building infrastructure. it's tre channel. so this going to take some time to do a couple. and before they can do that, they need to learn and build out the infrastructure that they respectively lack so that they can be self sufficient without the other. so for the us, that means the manufacturing sector because the u. s. was all to happy and willing to rely on china for cheap manufacturing, exporting pollution and cheap labor over to china. and for china, that means things like damage at other high tech goods. i. we're cultural products that they've been importing and using from the us. and at the same time, they're both trying to guard their own prised assets, an i p and technology from each other at the same time. so i mean, the coupling story that's going to take a really long time to unravel, especially as all the corporate they're unwilling to these couple. so right now it's a big political stage where the company's happy corporate don't want it to happen. but between washington and basia and the political stage, that's something that's entirely up to that. it's all about politics or at least it

seems that way in some cases, at the end of the day now octavio on that note given the increase commodity prices in the supply chain shortages we're seeing isn't this the exact reason the us won't fully be couple from china just yet, i mean, because they rely on beijing for the cheapest exports in times like this. well, i entirely agree with the premise your question. is it a sensible thing that the couple, given the prices are entering higher susan higher? wouldn't you want to maintain those relationships and keep prices, commodities, and manufacture because as low as possible? absolutely, i think the soon irrational thing to do, however, my own experience, i realize that sometimes people do the rational thing and i'm not sure we can count on joe biden to do the right thing. perhaps once he's exhausted all the other possibilities for come round. but i don't see i'm not to re optimistic that i think we might see a trade will break out between the us and china just at the very worst moment. and now christy before we go,

where are you seeing this trade war and to kind of octavius point, where were you seeing that going here in the next 6 months up to 4 years of the biding ministration? well, i've heard that by ministration, they seem to be less more so defensive, less offensive, like what the trouble ministration was. and by that, i mean the trump was offensive in terms of sloppy on sanction, sloppy, on terra being very aggressive in terms of the train negotiations with china biting . on the other hand, he seems to take a more defensive approach. he's interested more so in protecting technology, protecting ip, maintaining for trade relationships and everything. so i think it will slow down be a good russian towards china will certainly slow down. and especially if we do have the i can waive a delta variant virus. i think in that at that point, it's going to be foolish to try to try to pressure china in that respect. so i think when, when the entire gold starts slowing down because of another another round of coding,

i think that's when we will see politics to take a seat on the back burner. great inside has always been must christy i and octavia mirandi of optimist. the thank you both for your time. thank you. and finally, private space firm rocket lab has announced that is planning its 1st looter log for some time before the end of this year. now after initial plans to launch earlier this year from a nasa facility in virginia, the rocket lab capstone mission will lift off from the company's own launch complex . in new zealand rocket lab will launch the satellite using its electron rocket and the photon spacecraft will deploy the capstone into lunar orbit. the purpose of the 6 month mission is to gather data for nasa lunar gateway, which will act as a space station for its upcoming artemus mission. as the space agency look to send the next humans to the surface of the moon. and rachel, i've always found this fascinating because we hear so much about space x. we hear

about virgin galactic. we hear about jet bay. this is blue origin. and right now there's so focused on obviously space x has its missions to the international space station. but we've heard so much about like their space tourism their sub orbital flight. when we hear about something and this is just a satellite that go up there. but still, it's going to be orbiting the moon to gather data and prepare for nasa's next trip to put humans on the planet moon. really fascinating to see and you know, you're right. it doesn't get nearly as much coverage is all of that. we've been richard branson and just think that's it for this time you can catch boom bus on demand and the portable tv app available on smartphones and tablets. you google play in the apple app store by searching portable tv where it will tv can also be downloaded on samsung, smart tv, and roku devices, or simply check it out at portable dot tv. well, see, next me

ah, ah, the british and american governments have often been accused of destroying lives in their own interests. what you see in this, these techniques is the state devising message to end, essentially destroy personality of an individual. lifetime means this is how one doctors, theories were allegedly used in psychological warfare against the prisoners deemed a 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 how the victim say they still live with the consequences today.

welcome to maximize their financial survival guide. looking forward to your benefits, this is what happens to pensions in britain delicate after you watch kaiser report . driven by a dreamer shaped by those in me i think we dare to ask in the self governance is or is further and further away from the day to day reality

of people on planet earth in particular, america with that claim to have a government bind for the people, but if the fed is now completely controlled by wall street banks and the said is not completely controlled by the m f, which is a super national organization that serve the global as the recall. then the idea of self sovereignty in america takes another huge quantum leap of subversion. ah, the ah

top headlines for this out here on our to international a big announcement coming out of new york. governor andrew quote, announces he's quick. i miss allegations of sexual harassment. thereby, ultimately falling victim to a very mean to cause he himself claims to support and then a blow to that cause the head of a charity that supports the victims of sexual harassment. also steps down bowing to pressure over her size. andrew cuomo also in the program here on i see the wife open alleged to us intelligence officer implicated in the death of british motorcyclist. how redone faces, claims that she may have been on her phone undistracted when her car plowed into him. we hear from the families adviser about the new developments in this code.