co-host of boom bust and investigative journalist ben swan john let's start with you a huge move we're seeing here and certainly a big win for american express is this just the beginning of china allowing u.s. companies more access to their markets. a big win for american express had all of. these are also have applications in broad well behind american express and the process american express has been locking on the door of joy you know for 15 years to get those privileges very important it was really really emphasized as part and parcel of the. trade deal with china early. well this year it's part of the process of opening up china financial markets to foreign and especially to american companies but one thing i want to stress is that china has developed very substantial competitors domestically in this payment space including union pay including pay which is part of alley bob we chat pay which is part of $10.00 cent all of these companies are very well positioned to take advantage of the china market and american express in that respect as a bit of a late comer it's going to have to

you'll probably be able to see it for yourself stagflation oh my thanks to both of you john grace great stuff ben swan as usual i look forward to seeing you guys again. thank you guys we continue i want to show you what's taking place right now in houston texas this is where close friends and family of george floyd as we see in these pictures are gathering for his funeral 2 weeks after he was killed while in minneapolis police custody his casket was carried into the fountain of praise church there where he is being remembered among those in attendance who actually saluted the casket were houston police officers city official and they also had a videotape that was played of former vice president joe biden we're going to be watching this for you throughout the day this is taking place by the way as 2 more videos of now surfaced where police are accused of acting improperly in one video the suspect is heard saying i can't breathe he later died at the scene meanwhile here in our nation's capital the protests have continued and for the most part have done so peacefully since early last week when that was c

john grace. founded investors advantage corps also a prolific speaker on the market from main street to wall street also joining us is veteran journalist ben swan who hosts boom bust right here on r t america ben i think we should start with you given what i just what i just presented at the start of this newscast which is it boom or bust. they were looking at a huge bust on its way i think you're explanation of forbearance was incredibly timely and incredibly important for people to understand because everything we're going through right now is really about delayed reaction so the fed has been working to delay problems within corporations in the stock market the federal government's been doing that they've been delaying things and so everything right now is in this kind of mode of delaying you haven't had to pay your taxes because federal taxes were moved into july and so there's been this effort to delay but delaying the problem does not make the problem go away it simply sets a new timeline for that problem and so what we're watching is this incredible moment. where the u.s. economy is in a recession where we have millions of people who are