the moon this is boom bus, the one visit show you can't afford them in branch of or, and i'm rachel weapons in washington coming after the 1st high level 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 net. plus it prints 20 years since $911.00. how has the us economy been impacted since later on? we're gonna discuss the changes with our very own rick sanchez. perfect. so today, so let's dive right in the we leave 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 the 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, this is 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 contacts,

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 of the development of china, you relation who's all so did the 2 sides reach a true reset. well, joining us now discuss our boom boom co host bend swan and christy christy. i want to start with you. why do you think president biden felt it was necessary to make this phone call? while he had to make a 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 envoy, 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 relations . and then also again, back in march, you had a 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 break through in the conversation. 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 still important that the 2 leaders spoke directly rather than through intermediaries? well, in china, from china 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 want 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 refers 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, cuz we 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 la harris travelling around a 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 have been a number of kind of military actions that have taken place. and just the last couple of days that have been pretty serious, including the u. s. worship that traveled within 12 miles of a artificial chinese island in the south trying to see in china was furious about this so angry that some of its representatives as well as some of its, its state run newspapers, were calling for china to retaliate by simply sending warships within 12 miles of

us bases in the pacific as well as within 12 miles of different u. s. allies. and then also there are reports of china actually sending the planes into ty ones airspace recently. that happened just within the last 24 hours. so there been a number of these issues that have crept up. the problem right now for the biden administration, is that they need to have a reset because right now with china is leaning pretty heavily into this space to what the us can and cannot do. you know, we've talked a lot about our dentist and what's happening there, but 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. is look pretty weak in the midst of that's 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. let's 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 binding with 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 in making sure that us actions are not misinterpreted by china. but so far, 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 these lingering tensions as the white house is still reviewing its overall china policy, including how to proceed with this $360000000000.00 and tear of facing chinese imports. and ben, i have about 30 seconds left, 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 tents talks. christy mentioned that your secretary said anthony blanket was speaking with the chinese envoy recently. he actually with made fun of in some of those conversations . so the idea that some of 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 been swan and chris the i thank you for your end analysis. today. the

markets are make this weekend. 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 high as it plays. 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 sheet this week. there was also new data showing china factory gayden place and had a 13 year high in august, riving 9.5 percent of materials prices continue to search weighing on producers. in

hong kong, the hung sun is up roughly one and a half percent for the week. the tech selected 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 will slow the process in response to that, 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 games, nearly 3 percent over the last 5 days. while analysts expect gains the export out of japan for august sources close to the bank of japan, they bottlenecks elsewhere in asia could affect the state of export. so we're going to continue to keep an eye on that. the centex in india is up by half a percent this week earlier in the week. the index once again hit record highs as foreign buying return do decides of an economic recovery following one of the

world's worst cove in 1900 outbreaks. any markets were closed on friday for a 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 next down one and a half percent. earlier in the week to australian treasury, said the nation must reverse by the economy to rely less on their biggest trading partner in china. the 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 fell 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 per year,

up in the americas things brand. it's a different story over here where we start in the u. k. with the 1st the ending, the week in the read, the office for national statistics revealed that economic growth has flowed drastically with output growing by only point one percent in july. the bank of 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. the european central bank confirmed 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 m, v in mexico, where the country has battled everything from earthquakes to hurricanes. 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. that by an administration announced a sweeping vaccine mandate that will impact an 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 t s. x is our final red arrow for the week. the country out and less job than expected for the month of august. but the central bank still signaled,

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 time now 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 own rick sanchez to discuss the development and how the day change the world. and as we go to break, here are the numbers out the close. the news news.

it's an open secret that private military companies have been playing a role in om complex worldwide. u. s. government doesn't track a number of contractors that uses in places iraq or afghanistan united states army and the military in general is so reliance on the private sector. i would call the dependency divide, we don't know who's the on the ground presence of these companies overseas. we just don't out. the western private military companies can, in their turn, use so called sub contractors from countries with trouble past. the chances are quite good that had also been charles diligence. i think i was as i drove professional drug rep when the full moon wouldn't. it wouldn't look with long linen malone and

they were trying to be merciless killing machine. now they fight and die in other people's was people carol, lot one or a dead soldier or dead marine shows up in this country and we started asking ourselves, why did they die? why do? what were they fighting for? nobody bothers down to about their contractors. i have often said transparency for the powerful pharmacy, for the kids 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. a huge struggle with governments and corporations who want to keep information secret and others who think democratic rights should be pushed forward. and people have

a right to know what to do. watch houses help to shift the conversation around trans there and see, 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 news . news

news. 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 turn to, as they said, keeping americans say from the threat of terrorism and the decade that followed military spending more than doubled going on with their past $700000000000.00 a year and accounting for around 20 percent of government spending defense contractors in the private sector flourished as the defense department went from 181000000000 dollars 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 us winding down its military presence in

the middle east after 2 decades, the question becomes, where do we go from here? was running us now 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 the business of homeland security. so how has it changed the us economy over the last few decades? 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 mountain 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 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 saying what 20 percent increase in government money that were used for funding weapons and other things that you just described. we went from i think 1.5 percent of our g d 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 company. and then when the contract started being bid on, they said, wait a 2nd. we can bid on these huge military contracts for id, 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 in america. 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. busy 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 ware 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 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 supposed to 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. ok, 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. 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. sure. 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 am 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 that example. they're not the worst, they're not the only ones, but they survive of what you guys just said in the future. there will be other ways 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 now it was a lifetime. you want to 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 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's 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 happened. 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 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 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 you can catch boom bus on demand on the portable tv app available on smartphones and tablets 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 at portable tv. well see you next me i

was on drugs noted as a way to come back. a great problem. what's the one? 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 check. he told us that andrew was competent short form. 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 is crazy plantation. let it be an arms race is on, 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 have often said transparency for the powerful privacy for the kids about privacy or people care about is power. julian, a son become a symbol of the battles, privacy information is power. that's what's going on. a huge struggle with governments and corporations who want to keep information secret and others who think democratic rights should be pushed forward. and people have a right to know what to do. watch how it sounds, helped to shift the conversation around transparency and see what that battle has done to him. i feel like 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, survived the horrible smell that snow, like i mean, i don't, i can only describe it as nettle and flesh. i was angry excuse me, 2 decades on from the worst terror attack modern history. the world commemorates those who suffered and died 911, and assess, is the collateral damage inflicted by the american war on terror through torture, thrown attacks and death, and august 20th anniversary. we told to those who suffered from the event. this aftermath.