into defend and explain mode this week. his name is edward snowden. edward snowden, reportedly has the blueprint documents of how our country's national secrete security agency operate documents lead by an essay contractor. edward snowden reveal details of a secret intelligence sharing agreement that shows a u. s. government handed over, intercepted communications containing phone calls and emails of us citizens that didn't lead to the law being overturned. top officials still insist that it's necessary for government success in preventing another catastrophic attack on the american homeland would have been much more difficult if not impossible, without the u. s. a patriot act. amid all the government, spying, it was necessary to find an enemy. the muslim community was soon in the cross hairs targeted by law enforcement was things and entrapment. all done supposedly, to keep us safe from another 911. the petro, that was the stepping stone for became open season on american muslims. there are no rules. the government just said,

let's go up to muslims. the war on terror created the perfect atmosphere for racism, discrimination clamp downs on civil liberties and government spying. it's been 20 years that war continues with all its sphere and manipulation with no end in sight . caleb martin are to new york times being with international today. only 20 town of history of the $911.00 terror attacks will be back with more analysis and coverage of today's events. the top of the the interesting in the koran attributed to the prophet mohammed, the dreams, a threefold. sometimes they represent divine guidance, sometimes sorrow from the devil, and sometimes there about the conflicts of daily living and past events. this applies also to women's rights in afghanistan, today. encouraged in the past to live out that dreams of being fully fledged human

beings, african women and now being told that this amounts to satanic possession when they turn to and on, what can they count in this time of existential struggle? ah, the ah, this is boom bus, the one business show you can't afford to mend branch of board. and i'm rachel weapons in washington coming up the 1st high level. 8 talk and several months between china and the united states have been held over the phone as a nation president disgust a range of issues will bring you the latest. plus it prints 20 years through $911.00. how has the u. s. economy been impacted since later on we're gonna discuss it changes with our very own rick sanchez. perfect. so today let's dive right in

the we lead the program with the latest attempts to cool tension between the world's 2 largest economies. for the 1st time since february us president joe biden, and china as president, she's in ping have spoken. it was a 90 minute phone call. thursday night meant to reset some of the strained relations between the 2 countries. president biden initiated the call with the white house stating the goal of the conversation is to prevent competition between the 2 countries from devolving into conflict. according to the white house statement about this conversation, the 2 leaders had a broad strategic discussion in which they discussed areas where our interests converge and areas where our interests values and prospective,

diverge the chinese ministry of foreign affairs for their part, also commented on the situation friday morning, when this phone conversation, the 2 said unanimously, agreed that in depth conversation between the state leaders of china and the u. s. on bilateral relations and major international issues are crucial to the correct development of bilateral ties to me, they agreed to maintain regular contact through multiple means and to instruct the working levels and both sides to speed up their work and implement extensive dialogue. so as to create favorable conditions for the development of china, you relation who's all so did the 2 sides reach a true reset? well, joining us discuss our boom by co host bend swan and christine christie. i want to start with you. why do you think president bye and felt it was necessary to make this phone call? well, he had to make this phone call due to the growing pressures and frustrations of his own administration. apparently what they say is there was a serious lack of staging engagement with american officials. and it became very

clear that china was not willing to engage with lower level staff members. when biden's climate on boy john kerry held talks with chinese foreign minister last week. while the u. s. wanted to tackle every issue separately and individually, china wanted to use it as leverage in order to gain favorable terms on their end. so they want to bundle all the terms together, which makes perfect sense because why would you give something without getting something you want in return? so according to the chinese foreign minister, china, us climate change, corporate cooperation cannot be separated from the general environment of relation . and then also again back in march, you had this very angry exchange between lincoln and the top chinese official and anchorage alaska. so given this bite, it was kind of forced to speak directly to china rather than sending in one of his envoy to negotiate on his behalf, which is exactly what china wanted. so while china got the broad, all encompassing dialogue, there was no breakthrough in the conversations. thursday call was more so focused

on these broad, strategic issues with pretty much no concrete decisions being made. christy, i know you're not involved in these high level talks or anything, but i wanted to ask you why do you think it's so important that the 2 leaders spoke directly rather than through intermediaries? well, in china, from china's point of view, they wanted to speak with someone who actually had the, the knowledge to actually go off on all the bundle of issues that were brought to hand via the trade issues the south trying to see issues tensions with the other borders as well as all of the trades and all the territory, especially china, wanted to bring everything into the bundle. they didn't want to just focus on one or 2 issues. specifically just the climate issue, or specifically just the hong kong issue. they wanted to bundle everything together, while the u. s. they want to tackle everything separately in order to kind of give the illusion or the political theatre that we always say in order to get the illusion that there's progress being made. there's dialogue and all there is some

sort of resolution on this very small piece of the puzzle. china doesn't want to do that. so rather than tackle each individual on boy and each individual on way only has a certain issue, whether it's a diplomatic issue, a state issue and environmental issue, they want to speak directly with bite and who has the power and the authority to kind of bring everything together and say hey, if we give a piece here on the stay issue on cybersecurity, maybe you can give a piece here on the trade issue. things like that. that's how china wants to negotiate, which is very different than how the west prefers to do things. no speaking, i'm one of those major issues. been there have been a number of increasingly 10 statements between the u. s. and china, especially over the south trying to see where does that situation stand right now? yeah, you know, because he makes a good point about not bundling all these things together. the us not wanting to. and one of the things that we've seen over the past few months has been the vice president come on, harris traveling around to different countries in the asia pacific region. and she's talking about the south china sea and the china does not have autonomy and control over the south china sea. but there been

a number of kind of military actions that have taken place in just the last couple of days that have been pretty serious. including the u. s. warship that traveled within 12 miles of a artificial chinese island in the south trying to see and china was furious about this so angry that some of his representatives as well as some of its state run newspapers, were calling for china to retaliate by simply sending war ships within 12 miles of us bases in the pacific as well as within 12 miles of different us allies. and then also there are reports of china actually sending the planes into ty, one's aerospace recently that happened just for the last 24 hours. so there been a number of these issues that have crept up. the problem right now for the vitamin administration is that they need to have a reset. because right now is china is leaning pretty heavily into this face to what the us can and cannot do. you know, we've talked a lot about that again and then what's happening there. obviously, the u. s. has lost a lot of face in terms of that exit from afghanistan,

which has gone very poorly. the u. s. has looked pretty weak in the midst the bad leaving behind $90000000000.00 in military equipment to the taliban has made us look weak and incompetent. and so right now, china is leaning into that and saying, well, let's see, what you will do is test some of this and see just how strong the united states is . and i think for that reason also, it was important for president biden to call and say, well, let's slow some of this down because some of this rhetoric could wind up creating the military situation. and i don't think anybody wants that. right. and i know that whenever biden was campaigning for office, he was saying that he was going to bring diplomacy back. so now christie, the white house is once again talking about competition with china instead of conflict. so what does that look like? well, according to the official statement, this conversation was held pretty much in order to ensure that competition between the 2 nation does not beer into conflict. and that there will be this ongoing effort to responsibly manage the competition between the u. s. and the p r. c. so

the call was to set out the guardrail so that this relationship can be managed and these guard rails kind of include and making sure that us actions are not misinterpreted by china. but so far as the rhetoric has been quite promising as both sides seem to want to engage in competition without escalating. and i think it's because both sides recognize the severity and the consequences if things blow up again. but in any case, there's still the lingering tension as the white house is still reviewing its overall china policy, including how to proceed with this $360000000000.00 in tariffs facing chinese imports. and ben, i have about 32nd plot, but i wanna give you the final word on this one. yeah, you know, there's a lot going on here and i think that what we're going to see hopefully is kind of rationing down of some of the back and forth, including kind of the 10s talks. christy mentioned that you secretary said anthony blanket was speaking with the chinese envoy recently. he actually was made fun of in some of those conversations. so the idea that someone that comes down and comes

down a little bit, and we get back to a little more of a civil discourse between the 2 countries. i think it's pretty important at this moment. boom bus, ben swan and christy, i thank you for your in analysis today. the markets are make this week as investors continue to keep an eye on the state of economic growth and rising prices. we start in russia where the mo, x is flat for the week earlier in the week. the index touched fresh record hiv and then place it continues to rise in russia. the country central bank on friday, raised interest rates to 6.75 percent. that's the 5th rate hike this year. also on friday gas from said it finished construction of the controversial nordstrom to pipeline to germany. the pipeline still awaits clarence from german regulators before the gas can start flowing. moving to asian market, we have a green arrow in shanghai. the composites are steady gains throughout the week. up

nearly 3 and a half percent for its best weeks in june. the index, our meager games on friday, on reports of that call between president biden and sheath this week. there was also new data showing china's factory date in place and had a 13 year high and august, rising 9.5 percent as materials prices continue to search, weighing on producers. in hong kong, the hung song is up roughly one and a half percent for the week. the textbook, it took a major hit on thursday after the south china morning post reported the chinese government had suspended approval for new online games later issuing a correction thing. regulators was slow the process in response 10 set and that is the last 8.5 and 11 percent, respectively. after that clarification, the 2 companies rebounded on friday as the hung sound. it gave nearly 2 percent as a whole, and in japan we have a green arrow for the new k, the index gained nearly 3 percent over the last 5 days, while analysts expect gains and exports out of japan for august sources close to

the bank of japan. they bottlenecks elsewhere in asia could affect the state of exports. so we're going to continue to keep an eye on that. the centex in india, it is up by half a percent this week earlier in the week. the index once again, hit record highs as foreign buying return decides of an economic recovery. following one of the world's worst coban 1900 outbreaks. any markets were closed on friday for national holiday and will reopen monday. and another interesting story to keep an eye on here is that ford motor company will start making vehicles in india, taking a $2000000000.00 hit, as it does not see a way to make profit in the nation. moving to australia, we have our 1st red arrow for the week, for the sex down one and a half percent. earlier in the week to australian treasury, said the nation must diverse by the economy to rely less on their biggest trading partner in china. index did see some gains to close out the week as metal and oil prices pushed up mining and energy related stocks. and in south africa,

the all share is also down for the weak data release. thursday showed manufacturing output in july felt 4 point one percent year over year, after growing nearly 12 percent in june. tech investor nasser is also ticket 8 percent hit on thursday on that news about chinese regulators and video games. nascar's has a large stake in chinese gaming giant $0.10. now let's go over to rachel for europe in the americas. thanks brand. it's a different story over here where we start in the u. k. with the 1st the ending the week and the read, the office for national statistics revealed that economic growth has flowed drastically with output growing by only point one percent in july. then give england has yet to say whether the report will impact its future plans for the country. now nearby the german dax and the french kac down for the week therapy and central bank confirm on thursday. it is keeping interest rates near 0, but they created a bit of confusion by saying they weren't tapering,

pandemic policies yet, while also confirming plans to slow down asset purchases over the next quarter. then across the atlantic in brazil, the best buy is also down. while the country faces ongoing political and economic turmoil, the government is maintaining high hopes for brazil's place in the world oil market after becoming the world 7th largest oil producer in 2020. the country is now on track to rank in the top 5 by 2030, and it's another red arrow for the b and b in mexico, where the country has battled everything from earthquakes to hurricane. and just in last week, looking to increase future investments, mexico's economy minister traveled to washington on thursday, where she called for the relocation of semi conductor supply chains to mexico in order to address the ongoing global shortage. and here in the united states, the down, the nasdaq, and the s n p are all down, even as weekly jobless claims hit their lowest levels. in 18 months. the binding

ministration announced a sweeping vaccine mandate that will impact and estimated 100000000 americans. and it says, business is up to face thousands of $1.00 and $5.00 if they don't comply with the new measures. and finally in canada, the p. s. x is our final red arrow for the week. the country added less jobs and expected for the month of august, but the central bank still signal is pandemic. aid will be coming to annette. now, while the index was led by gains in the energy sector this week, it was hurt the most by losses from cannabis. companies moving into next week, we will continue to monitor the state of the global recovery, along with the ongoing supply shortages worldwide. the timeout for a quick break, but when we come back to decades after 911, the economic landscape looks quite different than it did before. straight ahead will be joined by our team, very old rick sanchez to discuss the development and how the day changed the world . and as we go to break, here are the numbers out the close. the

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i have often said transfer fee for the powerful privacy for the bell this bit about privacy. what people care about is power. julian, a son just become a symbol of the battles of brevity. information is power. that's what's going on, or a huge struggle with governments and corporations want to keep information secret and other things. democratic rights should be pushed forward and people have a right to know what to do. watch houses help shift the conversation around transparency and see what that battle has done to him. i feel like julian's life might be coming to an end. we are in a conflict situation with the largest and most powerful employer in such a situation. it's remarkable, survive. the

welcome back. it has been 20 years since the day that changed the united states as we know it, the post 911 world redefined not just u. s. foreign policy, but also the country's economy. the business of homeland security became a very big and very lucrative business, as the focus turned to, as they said, keeping american say from the threat of terrorism and the decade that followed military spending more than doubled. going on to surpass $700000000000.00 a year and accounting for around 20 percent of government spending defense contractors and the private sector flourished. as the defense department went from $181000000000.00 and contract obligations to less than $50000.00 contractors. and 2001 up to $375000000000.00 and obligation to more than 110000 contractors in 2011. but with the u. s. winding down its military presence

in the middle east after 2 decades, the question becomes, where do we go from here? we're running us out to discuss is host of the news with rick sanchez, rick sanchez, himself. rick, it's great to have you on the show today. now our 1st question is mainly we're talking about this business of homeland security. so how has it changed the us economy over the last 2 decades? so there's no question. it's been a boon industry and it's been a boot industry based on one word and one word alone. fear. they have captivated that sense of fear in the american public. and by so doing, they have then manufactured everything that they can possibly do within the scope of that word. fear which by the way, is a lot like the word terror, this whole war on terror thing that we've been told for years that was happening in the united states. when in fact, what we should have done, really,

we almost have to look at the story from the basics. right? i mean, i was there, i was there when the building came down on 911. i was standing in downtown manhattan. i threw myself to the ground because i was afraid the debris would fall on my head. i watched the people screaming while they were jumping from that building. i rolled. busy into what was a garage or a repair shop to try and keep myself from getting hit. and i'll never forget that i was frightened that day most of america was frightened that day. but we could have then figured out how we could defend ourselves from our own incompetence and from our own mistakes, which is what caused $911.00 more than anything else. but instead, we decided that we would create a sense of fear and that we would make sure that it permeated the entire country. because we knew that there were people at the time who would probably be able to profit off of that. and as, as those words even come out of my mouth and bugs the crap out of me,

because that's not the way we've done it in the past. think back to world war 2, right. we were told not to fear. we were told not to fear. we were told don't be afraid, we can get together and we can somehow make this work as a nation because we're strong. in this case, we were told you should be afraid because we're not strong. and in that we created all these huge corporations where all of a sudden we were seeing what 20 percent increase in government money that were used for funding weapons and other things that you just described. we from i think 1.5 percent of our genie p to 4 percent of our g d p been in weapons manufacturing and war. busy like dimensions, i mean these are significant changes and we know what brought them on. it wasn't really real wars, it wasn't world war 2, it wasn't world war one. it was the war on so called terror. rick, i mean, i'm not being a contrary here, but i do have to ask the question as

a business show that we do, you know, we can be critical all day of the military industrial complex and all of these companies that have profit on it. and in fact, if you look at some of these, you know, prior to 911, some of the companies provided it help to, you know, businesses insurance companies. and then when the contract started being bid on, they said, wait a 2nd, we can bid on these huge military contracts for i t and we can make billions of dollars from the united states government. so, i mean, you know, when you look at it as a business in the business that isn't a good business for these guys, even though the government is the one who's making there's nothing wrong with the good business. there's nothing wrong with having companies that help protect us. i'm an american, i want to make sure of some sort of a, if somebody says that we have somebody there who's going to be able to go after him, what i am talking about is this obsequious relationship right. between the media, the politicians, and these companies to make sure they keep us afraid so that they can sell us stuff that we not don't do not necessarily need. of course we need

a military that's capable, we need a military that's, that's ready. we do need cyber where warfare technology, we want to have all of those things. but we should have somebody along the line, whether it's the new york times or cnn, or fox news, or maybe us telling people don't be afraid. you don't have to act like all of a sudden we are the weakest country in the world because we're not, we are powerful, but we didn't do that. and i guess, you know, since i'm a messaging guy, i right for a living and i speak for a living. for me, it's the messaging, the bothers me. it almost looks like the politicians in the, in the united states and the members of the media of the cable channels. and the newspapers worked as agents to send the fear message to americans. so that these companies, you know, the raytheon and all the others of the world would be able to make a profit. and that's not the way it's most work. and the media profit off of it

heavily because they knew that people were going to keep turning on the tv and looking at what they were saying. okay, so now we're 20 years and we have created what is essentially a monster when you look at the defense contractors, when you look at what the media has found that they can do when it comes to care. so the question becomes, where do we go from here? well, i think in some ways we are starting to see that there are other forms of media and other forms of messaging that can get us to better understand what is going on. you know, they, we talk about truth all the time and, you know, mark twain talks about it goes halfway around the world or half the time to before we realize what's actually being sad or what's actually out there. you know, he's right. lives will always be perpetuated. messaging will always be manipulated . but in the end, if folks like us, take a good look at this, you know, a cogent sober look and say, look, we're not against america. american a military, i'm not against raytheon. i'm not against any of these companies. i want them to do

well, but i don't want them to do well based on bad information. and that's what i'm again . so when you ask about where do we get good information in the future, the see and ends of the world that i know i use them as an example. they're not the worst, they're not the only ones, but they survive off of what you guys just said in the future. there will be other way that americans are going to communicate and we're already seeing the average person in their thirty's and forty's. the last thing they're going to do is watch network news. it doesn't even exist for them. doesn't exist for you. right. last time you watch the nbc nightly news or whatever the hell shows are called now your information on social media. exactly. so the shift in messaging is changing and eventually the messaging i think will get correct. and rick, i want to talk about that messaging because again, being an economic show. we hear every time there's a disaster that the stock market crashes and it's the worst possible situation. and that's what happened in 911. it was one of the worst crashes since the great depression, right. that's what we saw at that time. but look where we are 20 years later, rick,

we are, you know, 300 times where we are on the dow jones. we have hitting it record highs nearly every week. obviously this week wasn't that great, but last week we were at record high. yeah, i mean, what does that tell us about that fear that you said that fear that they're selling that tell us and let me just give it to you from a very construct a standpoint right from are almost new to mentary standpoint. if you are a guy who sitting out there right now, right, and you happen to have, let's say $3040000000.00 and you're not sure what to do with it. and something just happen. cobit, an attack on $911.00. the bank failure that we saw in 28. what do you do? the 1st thing you do is you pick up your phone, you call your advisors and you say what industry will do best. as a result of this conflict or this disaster that i just saw in the case of $911.00, you say ha, i think if i was to take $1020000000.00 right now and invested insecurity firms and

invested in war like weapons manufacturers. i'm going to do really well. there's always going to be people who do that brand, and there's going to be people throughout the course of history who are going to be smart enough for you don't even have to be smart to figure that out. all you have to have is available resource, which is why business show that this is the rich always get richer. question always becomes a why did we learn from it in the end, we're going to have to leave it right there. but rick sanchez, thank you so much for joining a great conversation. thanks and that's at this time. and you can catch boom bus on demand on the portable tv app available on smartphones and tablet through google play in 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 a portable tv. well see you next. me . ah.

the war on drugs started as a way to come back? a great problem. what's the warranty? it's part of the attitude of the nation, not just of north dakota, and it got to be something that you could get elected. this time, the fight against drugs took a tragic, told us that andrew was competent short term. this is way too dangerous for him to be doing. clearly they put him in harm's way. a rural college student does interest get shot in the head and found in a river like something else had to be happening. so what we've got to do is identify the threats that we have. it's crazy plantation, let it be an arms race is often very dramatic. development only personally,

i'm going to resist. i don't see how that strategy will be successful, very critical time time to sit down and talk i find that doesn't seem like 20 years ago. it was just never ending funeral in new york for a while to decades owns in the worst terror attack in modern history. the world remembers the 1000 a few died in 91129 of history. we told 2 witnesses were there that day for service. we continue our index investigation and the impact the american war on terrorism followed and speak to homer. one time i think they had a sound woman in.