affect the relationship between the 2 nations well joining us now to discuss our boom bust co-host ben swan and christiane i thank you both for being here as always kristie i actually want to start with you. is this new document just another way of presenting china as an economic threat to the united states. it really ends as the u.s. and china have grown increasingly antagonistic towards each other this. data request will apparently be used to help policymakers strategically when responding to china so a spokesman for the o.m.b. confirmed the agency's effort to quote ensure that the u.s. remains strong and in a position of strength against rival nations like china so using language like rival nations like fighting words so the white house is not asking for data on all u.s. government funding used to counter chinese influence such as the bell and road initiative funding for military infrastructure spending on 5 g. a wireless communications e.b. space tech and more so right now as it currently stands this is a fact finding mission in a data gathering effort at the moment it is kind of laying

into their worst crisis since 1974 joining us now just a little bustos investigative journalist ben swan ben i use that word crisis is that a fair assessment of what is actually happening here. i think it is a fair assessment when you consider the fact that it's not just a war of words it's not just a war over sanctions but you literally have turkey bringing warships along with those gas and oil exploration vessels into the mediterranean sea essentially have 3 kind of issues at play here you have greece you have turkey you have cyprus and you have warplanes and you have war vessels in the ocean or in the mediterranean sea surrounding each other and they're almost in a war game scenario again as oil exploration takes place it's more than just an argument over words or argument over a space it really could escalate into something else and that the center of it as you heard there really comes down to turkey saying they have the right to explore certain parts of the mediterranean sea greece says no that's part of our continental shelf and not yours and so you need to back off that's really w

be watched and monitored in some cases by drones boom bust cosyn by an investigative journalist ben swan and mike israel president and c.e.o. of. views thank you both for the excellent analysis here. and finally finally see sports and gambling company drafting announce on wednesday n.b.a. legend michael jordan will join its board as a special advisor and will take an undisclosed equity stake in the firm now according to draft the 6 time champion will provide strategic and creative advice in the field of product development and marketing the n.b.a. legend has been long known for his gambling exploits in the 2020 documentary the last dance which followed jordan's final season with the chicago bulls well he said he didn't quite have a gambling problem but more of a competition problem which may be easy to say when you're worth nearly $2000000000.00 on the news drafting stock price spiked as much as 6 per cent adding nearly $800000000.00 to its market cap which was already at more than $13000000000.00 at tuesday's close and that's it for this time he's catching the bus on demand on the brand

necessary to combat the pandemic so let's waste no time and bring in towson investigative journalist ben swan and tobin smith c.e.o. of transforming research to discuss thank you both for being here ben i want to get right to you here since lawmakers from both sides have been saying for months that another round of stimulus is needed why are they so far apart on the details. or is the cost of this whole thing i mean democrats of come down a little bit this latest you know bill that they put forth about $2.00 trillion dollars that's about a trillion dollars less than where they had been so there are some compromise there hard to believe that 2.4 trillion is a compromise but let's take a look at some of the things they want to do here because obviously this includes as you said a new round of $600.00 stimulus checks but on top of those that new out of $600.00 stimulus checks comes another round of $1200.00 stimulus checks for each american. yes $2400.00 if it is a married couple it's also going to give about close to $500000000.00 in relief to local governments that's state and city governments

joining us now to discuss the boom bust co-host investigative journalist ben swan who's been following this story but i want to start with these new regulations what specifically do they do. yes initially it's different departments of the chinese government is the science department it is the technology department and it is the commerce department and essentially the 3 of them have new regulations involving different areas including computing data processing technology as well as text analysis content recommendation speech modeling and voice recognition brant you and i would know that as every bit of technology that goes into a social media company right and so what they did is if the centrally created new rules say if you are a chinese company you cannot sell that technology without approval from the chinese government that's really the bottom line here you know up until these new restrictions were actually and now it's tic-tac with saying that announcement for their north american sale would be announced within days or within a couple of days i'm even saying tuesday so that would be

users if a deal for tick tock is not completed by that date joining us now to discuss our co-host ben swan and christy i thank you both for being here now christy i want to start with you the truck administration really wants this ban to slow the growth of tik tok which continues to add nearly half a 1000000 users every single day does this ruling cripple that effort in your opinion. i wouldn't say it crippled the effort of the trauma ministration still remains committed as ever to slowing down tech talk and their growth and this ruling is merely just dragging things out and staying the final judgment so while this is a significant win for tick-tock it did not come out unscathed so trump's fixation on take talk has already been quite damaging and costly for tick tocks mounting legal bills obviously but tick tocks growth has also been impacted due to his dispute with the us and made it very difficult to attract new staff so since july has reported that 52 job candidates have actually turned down jobs and declined to work for bite dance or tech talk citing these perceived uncertainty caused

lot to talk about here so joining us now to discuss his boom bust co-host investigative journalist ben swan and international regulatory attorney myles edwards thank you both for being here today thank you ben i want to start with you this is been an issue for some time but many of these proposed regulations from the e.u. come from come complaints made by google's actual rivals what are those complaints yeah it's kind of been a long time coming if you will so essentially the way it works is the e.u. has a system that we don't have here in the united states as part of a settlement that google made with the e.u. it's something called choice stream which every quarter google essentially does an auction that lets android users with their mobiles decide what their default search engines will be and they give them essentially 4 choices what they choose from essentially this was part of a settlement that google had with the e.u. with this 5000000000 dollars dollar settlement but the problem is is that you have search engines like duck that go that say in fact that google is has not gotten better t

bring time to bring that employment back to united states the question now during this pandemic ben swan and how we are for which thank you both so much for joining us today pleasure. that's all the time we have for today but looking at. a reflection of reality. in the world transformed. what will make you feel safe. isolation community. are you going the right way or are you being led. by. what is true. is faith. in the world corrupted you need to descend. to join us in the depths. or a maybe in the shallows. geysers financial survival guide link with those that you can convert music as quite easily . to keep in mind though as it into a place of. record. trade and investment have become magic spells to conjure economic development. most people think about trade they think about goods and services being exchanged between countries and the investor chapter of a trade agreement as opposed to something very different but what one investment leads to toxic manufacturing that destroys. the environment. that means local communities that are being poisoned if they object if they do anything tha

that value i think it's just a speculative additional token peter schiff of euro pacific capital ben swan boom bust cosen the crypto analyst thank you both for your time. thank you sure thing. and facebook says it will halt new political advertisements in the weeks leading up to the u.s. presidential election on the 3rd of november now the social media giants co-founder and c.e.o. mark zuckerberg announced the new policy thursday via a statement facebook also says they will work to make sure no candidates prematurely claim victory as little election results may take days to come in due to the ongoing pandemic and the changes to the voting system the social media site has been instituting contentious policies to fight misinformation since the 2016 election facebook stock is down more than 4 percent on thursday but this is mostly attributed to the overall meltdown in tech for the day that we talked about earlier in the show and that just how do you judge to bust on demand on the brand new portable t.v. app which is available on smartphones a tablet to google play and the apple app store by

data that is being collected by any social media boom bust co-host and investigative journalist ben swan thanks for breaking this down we'll have you back on later this week to talk more about this you've got to print. and shine on monday announced growth in manufacturing for the month of august as the nation continues to set the stage for an economic recovery after being battered due to the copan $1000.00 pandemic the manufacturing purchasing managers index came in a 51.0 for august down slightly from the 51 point one reported in july cording to the country's national bureau of statistics now for reference remember a p.m.i. reading above 50 shows economic expansion of the services sector in china is also growing with non-manufacturing p.m.i. coming in a $55.00 for august compared to $54.00 for the month prior government stimulus funding infrastructure project has helped the recovery along with exports of medical supplies which surged in the 1st half of the year due to the pandemic so let's go ahead and take a look at the globe for global recovery as well as the state of markets with tob

just the beginning so joining us now to discuss this boom bust co-host and investigative journalist ben swan and travel expert from money we have dot com barry choi thank you both for joining us today ben i want to start with you can you give us a rundown quick of some of the other aspects of the travel industry struggling right now. yeah it's kind of like a pick your poison kind of situation right now it doesn't matter what part of the travel industry you're in right now things are going very very poorly you have the airline industry quantas airlines out of australia saying that for this last year of this last fiscal year that is they've actually lost $4000000000.00 in australian dollars in terms of revenue that's about $2900000000.00 u.s. dollars and they say international travel for them will not resume until the middle of 2021 the middle of next year you talk about the cruise industry you know the cayman islands saying that they're not going to allow international cruises to come in to the cayman islands until at least after december 31st of this year so it doesn't really matter what sec

tense and stored in data centers in china and canada well joining us now to continue for us co-hosts ben swan and christine christie just earlier this week on wednesday the trumpet ministration claim that users who use or download reach out to convey personal or business information will actually not be subject to penalties under this new trumped up executive order banning transactions with 10 cent is this a reversal for the administration. urns are weighing on the market but the prospect of a u.s. relief package brought some gains on friday metals automotive i t and financial lead losses ending the week and we see our 1st green arrow in australia where the country eased some one bigger roles for banks to help stimulate the economy some of the country's top thing saw gains of 5 to 6 percent on friday alone the all shares in south africa is just barely in the red for the week the biggest loser on friday was naspers down nearly 4 percent the company holds a stake in 10 cent which could face a ban of its we chat up in the united states and then moving over to europe and the americas in london th

and investigative journalist ben swan ben this report it's pretty critical of amazon's behavior what specific examples are listed in it. you know there's a couple of pretty interesting ones one for instance is like a company like clorox for instance one example given clorox was selling a canister of 75 disinfectant wipes they were selling it on amazon for $37.95 on august 11th you can compare that though to that same canister being sold at wal-mart and target on amazon clorox was selling it for 8 times the amount they were selling it at wal-mart and target on the same day 4 but what's really interesting about this isn't the 3rd party sellers it's amazon itself in fact the report found that the highest percentage increases in products actually came from items that were quote sold by amazon for instance they give the example of a 50 pack of disposable facemask cost around $4.00 before kobe 1900 amazon about a 3rd party seller amazon was selling them for 40 dollars so essentially what we're talking about here is remember you know i believe in free markets you know that i believe in supp

being accounted for joining us now to discuss his film bust co-host and investigative journalist ben swan ben we know the lines outside of the food banks that we can't have those have been reaching record levels and yet the numbers show that poverty lines have somehow fallen why are these numbers not lining here yeah there's a couple of reasons for it one of the reasons for it is because even though the federal reserve says hey really inflation is not a problem we don't have an issue with this right now where they're not taking into account is what's happening with real people so as you said the cost of a lot of essential goods have gone up a lot we all know that right so if you go to the grocery store you buy milk you buy eggs you buy toilet paper you know that the cost of those items is much higher than it was we also know that if you e-commerce shop for that on places like amazon even companies like amazon themselves have greatly increased the price for that but even though that has been happening what's happening is the federal reserve is not really taking that in with to account when

really comes down to how voters see it and we don't know the answer to that yet boom bust co-host ben swan and christie hi thank you both for your time. and the final 2 days of the week have been tough on wall street which generally has an impact across the globe so let's see where things ended up where to start in russia where the mo x. is down for the week after some volatile days now this week the ruble plunged to its lowest level since the height of the pandemic oil and gas also contributed to those losses as the country's economy relies heavily on the energy sector let's move to asian markets in china the shanghai composite it's down for the week despite an increase in the country's services sector activity in august now the index dropped nearly one percent on friday alone following wall street sharp declines in hong kong the hang seng well that is also in the red for the week the index fell on the news that the tick tock sale could be in jeopardy even as china and see it launched a new tech e.t.f. listed on the exchange now the index still fell 1.25 percent by the end of trading the

co-hosts ben swan and chrystia i kristie just earlier this week on wednesday the trumpet ministration claim that users who use or download we chat. to convey personal or business information will actually not be subject to penalties under this new trumped up executive order banning transactions with 10 cent is this a reversal for the administration. now this is a lot of reversal at all this is merely saying that users will not be punished for using this app that trump claims has severe national security concerns but it's still vague as to what actions and what transactions will be prohibited as commerce secretary ross has yet to clarify the specifics but what this does mean is that ross does not plan to target persons or groups that the department just added that the use of the app for such communications could be directly or indirectly impaired that measures targeted at other transactions so this is making a lot of users nervous not because they're like oh no i'm using an illegal app banned by the u.s. and i might be punished no it's the fear of the loss of communication and business

just the beginning so joining us now to discuss this boom bust co-host and investigative journalist ben swan and travel expert from money we have dot com barry choi thank you both for joining us today ben i want to start with you can you give us a rundown quick of some of the other aspects of the travel industry struggling right now you know it's kind of like a pick your poison kind of situation right now it doesn't matter what part of the travel industry you're in right now things are going very very poorly you have the airline industry quantas airlines out of australia saying that for this last year of this last fiscal year that is they've actually lost $4000000000.00 in australian dollars in terms of revenue that's about $2900000000.00 u.s. dollars and they say international travel for them will not resume until the middle of 2021 the middle of next year you talk about the cruise industry you know the cayman islands saying that they're not going to allow international cruises to come in to the cayman islands until at least after december 31st of this year so it doesn't really matter what

just the beginning so joining us now to discuss this boom bust co-hosted investigative journalist ben swan and travel expert from money we have dot com barry choi thank you both for joining us today ben i want to start with you can you give us a rundown quick of some of the other aspects of the travel industry struggling right now. yeah it's kind of like a pick your poison kind of situation right now it doesn't matter what part of the travel industry you're in right now things are going very very poorly you have the airline industry quantas airlines out of australia saying that for this last year of this last fiscal year that is they've actually lost $4000000000.00 in australian dollars in terms of revenue that's about 2 point.

from here well joining us now to discuss that are blue bus co-host and investigative journalist ben swan and former fed insider and c.e.o. of quill intelligence danielle de martino both thank you both for joining us today now danielle i want to start with you here it seems like chairman paul really had to thread the narrative needle here he didn't want to downplay growth in the economy but he also didn't want to dissuade congress from getting involved is that a correct assessment of what the chairman was saying today. it really is you know we've got 2 parallel economies right now we did get nearly 30 minute 1000000 americans collecting unemployment benefits in some form and you know we have we actually have rental evictions that are proceeding we have foreclosures that are starting to rise as well and on the other hand for people who are employed they're moving out to the suburbs they're buying homes there's been over $100000000000.00 in cash out refinancings thanks to the feds purchases of mortgage backed securities so for the people who are still gainfully employed and active part of t

users if a deal for tick-tock is not completed by that date joining us now to discuss our co-host ben swan and christy i thank you both for being here now christy i want to start with you the truck administration really wants this ban to slow the growth of tik tok which continues to add nearly half a 1000000 users every single day does this ruling cripple that effort.

from the chinese side joining us now to discuss our boom bust co-host and investigative journalist ben swan and john dean of the miami school of business ben let's start with you why is this export license such a big deal. well it's a big deal because essentially it was only a couple of weeks ago that china revised its rules for what kind of technology required licensing in order to be sold by the chinese government and beijing would have to sign off on these cells essentially the laws were kind of re. i was a written but they were really tailored in this case specifically towards tick-tock now it would involve other technology as well but we're talking about any kind of technology that has algorithms built into it voice recognition any kind of facial recognition essentially everything that would power the algorithms for to talk are included in this so what the chinese have done is they set themselves up in a position where they say if you're going to sell we have to give final approval on it you can't do it without us that takes about 30 days for this process to run its course even though

ben swan and author of understanding socialism and host of economic professor richard wolfe ben let's start with you give us a rundown of why the trouble ministration says that it's even doing this yeah as you said it's actually 7 different imports coming into the country by. c.b.p. customs and border protection says they have been given orders to essentially hold up those shipments of cotton and tomatoes coming from that province in china you already alluded to this but it really comes down to the weak. muslim public population in china that's being held in reeducation camps essentially that's not a trumpet ministration issue the u.n. has actually done a lot of work on this and says up to 1000000 weekers are being held in these reeducation camps and according to the un you in many of those people are being put into forced labor the question of course really comes down to whether or not there's evidence of that c.b.p. actually released a statement about this saying quote we have reasonable but not conclusive evidence that there was a risk of forced labor in supply chains related to co

from here well joining us now to discuss that are blue bus co-host and investigative journalist ben swan and former fed insider and c.e.o. of quill intelligence danielle de martino both thank you both for joining us today now danielle i want to start with you here it seems like chairman paul really had to thread the narrative needle here he didn't want to downplay growth in the economy but he also didn't want to dissuade congress from getting involved is that a correct assessment of what the chairman was saying today. it really is you know we've got 2 parallel economies right now we could get nearly 30 minute 1000000 americans collecting unemployment benefits in some form and you know we have we actually have rental evictions that are proceeding we have foreclosures that are starting to rise as well and on the other hand for people who are employed they're moving out to the suburbs they're buying homes there's been over $100000000000.00 in cash out refinancings thanks to the fed's purchases of mortgage backed securities so for the people who are still gainfully employed and active part o

it's tricky investigative journalist and boom bust in our team news contributor ben swan thank you for stepping into the big picture and now an update on a story we have been following all along and it's one that has been frightening us all lately guns in america as firearm sales doubled in the 1st half of this year usa today or pinion contributor justin mcfarlane wrote i'm a licensed gun owner but i haven't carried in years why i'm black and i'm scared open carry and concealed carry are white privilege at protests and everywhere i'm a black trained licensed veteran afraid authorities will kill me 2 key phrases you hear from trump on the stump are rigged election and 2nd amendment rights and with every mass shooting we hear the refrain that a good guy with a gun could have saved the day but washington metropolitan police veteran and criminal justice professor ronald hampton says it's not that simple. second amendment activists seem to resave and unison the good guys with guns can take care of the bad guys with guns i want to move on i want you to think back to when you were in the bag

and joining us now to dig deeper into the story are boom bust co-hosts ben swan and christy i thank you both for being here now but i want to start with you so the company that seemed to be leading the charge on a tic tac acquisition was actually microsoft which had joined in its bid with wal-mart do we know why microsoft didn't get this deal. well there is some suspicion as to why they didn't get it one of the big keys i think to that would be the fact that from the beginning microsoft said that it had to have complete control of the code which to talk is written right essentially controlling the algorithms and controlling the technology behind it not just being a technology partner that is what they wanted well because of the way that the chinese essentially and beijing changed the rules along the way and said hey you cannot just sell you know code and algorithms to a company or a country outside outside of china they shut that down so microsoft was leading the way on this along with wal-mart looked like they were going to be the ones to get it and then all of a sudden when that chang

else get the cash in their hands now or we have a bigger catastrophe on our hands boom bust co-host ben swan and tovia smith transformative research thank you both for your time. thanks for. and u.k. prime minister boris johnson announced a new plan for adult education and training programs to support workers affected by the coronavirus pandemic the u.k. is expecting a huge spike in unemployment at the end of october when a government program which pays the wages of millions of furloughed employees will no longer be in place johnson says the lack of skills training has left the country needing construction workers mechanics engineers lab technicians and i t professionals the prime minister spoke about the need on tuesday. our economy has been shaken by i didn't hand to mouth scrabbling of the pandemic the shortcomings of our labor market and a rigid system has been painfully apparent we have to face the fact that at this moment we need them so much there is a shortage of u.k. trained lab technicians just as a result shortage of so many crucial skills. and as we continue to look at the econom

that they're not doing a complete lockdown as we heard boris johnson say ben i want to bring in ben swan investigative journalist i want to talk about the science here patrick valence the british government's chief scientific advisor and chris wendy chief medical advisor officer for england he said the number of krona various cases is doubling roughly every 7 days was there really any other choice but to reinstitute this sort of lockdown i think there's a lot of choice here 1st of all there's a lot of criticism over these numbers in fact there's a group of scientists who have come out against it saying that it's implausible that they would actually get to the point of having $50000.00 new cases per day they say yes we're seeing this 7 day increase but they do not expect that to continue to go for a prolonged period of time and also in order to get to that $50000.00 new cases a day the u.k. would have to have such a significant jump it would have to vastly outpace both spain and france that have much higher numbers of cases the cases in the u.k. and so in fact there was one scientist in p

president rather than the perception that he got sick and in the united states boom bust co-host ben swan and christiane thank you for breaking this down for us. i. and the u.k. has entered an agreement with french back scene maker bell need to supply the country with up to 190000000 doses of its potential corona virus vaccine over a 5 year period if development of the v.l.a. 2001 vaccine comes to fruition bell neiva will provide the nation with $60000000.00 doses in the last 6 months 2021 for just over $550000000.00 u.s. the u.k. government would then have the option to buy 40000000 more doses in 2022 and another 30 to 90000000 doses between 20232025 now if the government were to buy all one $190000000.00 doses the deal would exceed $1000000000.00 and after having to suspend their coronavirus vaccine trial due to a reported side effect in the u.k. patient astra zeneca and oxford university have been given the go ahead to resume trials the university issued a statement sunday announcing the regulatory approval to restart the trial saying the independent review process has concluded in fol