economy and in today's big deal edward harrison and i are discussing valuation test bubbles and how soccer player home is rodriguez's eight million euro price tag serves as a warning to us all to look like the warning it all starts right now. with . our lead story today from in gold now recently germany has been actively trying to repatriate its gold which has been stored for safe keeping at foreign banks in new york london and paris however getting their gold back from the new york fed has proven to be a tad more difficult than expected the bulk of germany's gold reserves are parked in the manhattan bolts of the federal reserve and recently the german government has been moving to get back much of its gold now back in january germany's central bank the boom this bank announced that it plans to repatriate all three hundred seventy four tons of gold that it had stored with the back to france in paris as well as the three hundred tons held in manhattan at the new york fed and a plan to do all this by twenty twenty however the bundesbank has only been able to retrieve thirty seven tons of its

earlier to discuss financial warfare pretty helpful stuff at the moment and inveighs big deal edward harrison and i are discussing subprime auto credit risk and the straw that breaks the camel's back it all starts right now. another day another tile added to the rich mosaic that is the bill ackman herbalife saga tuesday morning billionaire hedge fund manager bill ackman declared loudly and to anyone who would listen that yet again he believes herbalife is a pyramid scheme the pershing square capital boss gave what he called the most important presentation of his career to hundreds of folks gathered at the conference in midtown manhattan for more than a year and has been loudly shorting herbalife a nutritional supplement company that he believes is a pyramid scheme his presentation tuesday focused on the company's so-called nutrition clubs but did act men's bark prove worse than his bite as herbalife c.f.o. john de simone said it what see did and. factor in adman's presentation herbalife stocks surged fifteen percent and while the two hundred fifty plus live presentation was very decked out wi

same deal time with the wonderful mr edward harrison and today edward and i are discussing valuation tech bubbles and how rodriguez is eighty million euro press tag serves as a warning to us all now colombian superstar homicide because performed extremely well during the world cup and although colombia was ousted by brazil it certainly helped rodriguez a star power so i want to ask you can you give me details on who currently. rodriguez is with and who wants to buy him yes. don't call me james rodriguez is with monaco and they're one of the leading french. and he was just brought on for forty five million pounds for forty five million euros i should say porto which is a portuguese team ok and so he's only been there for a year but because of the world cup his price tag is essentially double right and you were telling me earlier that you thought this rodriguez mania you know has similarities to the tech bubble which is a funny parallel to drop everything so can you explain how buying rodriguez at eighty million euros is a little bubbly. you know when people talk about the stock market

every three humans on the planet are on facebook but hold the door my dear friend and colleague edward harrison things facebook isn't all that in fact he believes that bubble is just my word not his so why does ed think it's bubble lissa's because it's a large market cap stock in fact it's the fourteenth most valuable stock in the s. and p. five hundred as i mentioned before and its value exceeds about two thirds of the top stocks on the dow jones industrial yet at the same time it has a price earnings multiple of nearly one hundred times which would mean it would have to have tremendous and i mean tremendous growth in order to justify that multiple and provide a decent i mean even kind of. isn't returned to investigate investors so to quote ed basically facebook is like cisco circa one thousand nine hundred eighty nine. argentina is facing some serious debt problems and they have until the end of the month to figure it all out now this isn't the first time that this is happening argentina and fact argentina defaulted on the debt as recently as twelve years ago so why do people even keep buying

the dollar and it's the end of the week which means it's viewer feedback day here on boom bust edward harrison i address your questions comments concerns are live on the show you won't want to miss the moment that it all starts right. now and right now rupert murdoch wants time warner and he's selling off assets to get it friday twenty first century fox said that it was selling its a talian and german paid television assets to british sky broadcasting better known as b. sky b. which is by the way thirty nine percent owned by fox for more than nine billion dollars now this is just the latest sign of consolidation in the european media industry and the deal comes out or time warner rejected a billion dollar takeover offer by rupert murdoch's twenty first century fox now analysts expect mr murdoch will make an improved offer to acquire time warner and the sale of fox's european assets could prove that the company with will then have enough extra financial. munition that it needs to purchase what it wants now in the deal announced friday twenty first century fox would retain its minority stake in

is in our future as well edward harrison sat down with john to explore some of the ideas in his book edward first want to understand why john sees the fed's activities as a keynesian when the fed is the monetary agent and not the fiscal agent here's what john had to set. the fed's there's a difference between what they're doing and what their intent is their intent is to drive consumers and consumption because by lower rates they will people be able to borrow more money to be able to spend more. that stopwatch has got it what's happening they lowered rates that pump money into the system and increase the assets of the wealthy i think that for instance when we get through this cycle of quantitative easing. and i say this articles there will be another cycle i think the next cycle a quantity of easing as has the real potential to look significantly different in this cycle i think janet yellen and stan fisher and some of the others have very uncomfortable with the results of what's happened this last time which is basically making banks and rich people richer. they thought there was a w

it all down and give us his take on the latest from the world of track and in today's big deal edward harrison and i are discussing the hardest places to live in america you won't want to miss a moment and it all starts right now. with . our lead story today facebook now whether or not we like it for most everyone watching this program right now facebook touches our lives in one way or another myself included now some may be totally ok with that and some might not but make no mistake to facebook we are all true story last week facebook admitted that as part of a psychological study to examine how emotions can be spread on social media the same manipulated the news feed of over half a million randomly selected users in order to change the number of positive and negative posts that they saw now facebook's researchers found that the display of moods were contagious the people who saw more positive posts responded by writing more positive posts likewise seeing more negative content prompted viewers to be more negative in their own posts now facebook is an apologetic about the emotional contagion e

dollar and it's the end of the week which means it's viewer feedback today here on boom bust edward harrison i address your questions comments concerns are live on the show you won't want to miss the moment when it all starts right. now and right now rupert murdoch wants time warner and he's selling off assets to get it friday twenty first century fox said that it was selling its a talian and german paid television assets to british sky broadcasting better known as b. sky b. which is by the way thirty nine percent owned by fox for more than nine billion dollars now this is just the latest sign of consolidation in the european media industry and the deal comes out or time warner rejected the billion dollar takeover offer by rupert murdoch's twenty first century fox now analysts expect mr murdoch will make an improved offer to acquire time warner and the sale of fox's european assets could prove that the company with will then have enough extra financial. munition that it needs to purchase what it wants now in the deal announced friday twenty first century fox would retain its minority stake i

big deal time on this day with no one for edward harrison now today we're discussing a couple things we're going to start off with apple t.v. then we're going to snap chat and then bit torrent now our first two stories have to do with security and privacy first open whisper systems and open source software group has announced the creation of the signal now that's a free app that allows people to encrypt their phone calls for free so how does this work what's the start of this so basically you were talking to bruce schneier about encryption and the point is here that you want to be able to take phone calls and be able to encrypt without having to do a whole bunch of whiz bang stuff you know you have the black which allows people to basically be able to use their telephone in the normal way without any sort of surveillance this is a way for you to actually have telephone conversations using it without having to use any sort of sophisticated. packing or routing what are jailbreaking be able to secure a conversation this seems like there's no way this will work ok you know we know that a

big deal time now with edward harrison and today we're discussing the brics new development bank china's rise and the role of geopolitics and development now i highlight of this topic over the past two days because it's clear the brics are trying to circumvent two institutions based here in washington d.c. the world bank and the i.m.f. so ever can you give us your geo political analysis on you know what the brics are trying to do here well yeah i think you are spot on about being circumventing those two institutions because if you think back to. one thousand nine hundred eight the asian crisis things like basically the i.m.f. came in and hammered asia in general and specifically you know countries like south korea etc and so forth and impose great costs and so you know they're within the emerging markets community there's a great desire to move away from the i.m.f. and to a degree the world bank as well and. you know the head germany of washington d.c. and its allies right and so the brics given that they are the leading emerging market countries have now come together and sort of solidi

i think the all time with edward harrison and today we were discussing a recent post on upshot at the new york times that talks about the hardest places to live in america so i first want to pull up a graphic of the map itself and i'll check this out and we have it so that's the hardest the hardest are the ones that aren't in the blue or in the better one so that's really really comprehensive it's every county in the u.s. now can you give me a breakdown of how upshot came up with this map that you know the. number of different criteria education household income unemployment disability life expectancy and obesity to say overall your quality of life. is. and therefore it's more difficult to do that one thing that wasn't there was any quality and so i got a lot to write so they wanted to just look at sort of like generic descriptions of things that you want to have good quality of life and if you were low on those schools then you would score hard to place to live right now you know in general you sell the rust belt those are two places that you know higher distribution of tough times b

mr edward harrison i'm so happy to have you with us yesterday and today we are discussing the big deal some prime autos credit risk and the straw that breaks the camel's back severed we talked about this yesterday but you weren't here so i want to get your thoughts on the subject oh crap i've heard yes so my thought basically is that asset bubbles are definitely starting to be formed you know when you use the term bubble you know i don't really like to use the term bubble because. you don't you can't really say that it's a bubble until it's in the afternoon at the time it seems somewhat reasonable but there are definitely stretches in terms of valuation in the equities and also on the risk for bonds that's where the problem really laws when you have debt and that gets written down so the problem with the from my perspective is that ultimately someone's going to be left holding the bag and the real question is whether or not the economy has recovered sufficiently to be able to take the associated with that and the longer the fed holds off on the laws in economic policy the worse it's go

with edward harrison and today is my favorite big deal day because it's thursday which means it's tech there is day to day and were not discussing over and a price war and wearable technology but for now before we get into current problems i want to quickly touch on something kind of funny but also kind of scary is the story that happened here in d.c. now apparently a guy got kidnapped kidnapped after getting into an over and in fact he tweeted about it because you can't get kidnapped about tweeting about it. was what is the say here i am we're here to help it is so basically over is crisis management there really. are saving riot of us all upset you've got to have severed here's a question is regulation kind of good in something like this i mean if you're if you're going to get driven off to no man's land with your driver you kind of want to regulate or around to save you from saying that now so i'm in the general question is this regulation good i guess and the question answer i think is there always there's always going to be regulation the real question is whether you follow the re

big deal time with edward harrison good to be in the clash today now in today's big deal at or and i are discussing what the slump in crude oil prices means for the strength of the u.s. economy especially in light of fed chair janet yellen for markets today congress ok so this is a very very big deal that we're we're going through this i want you to walk me through it step by step ok this is a big step but you know the first thing what does yellen basically say today in her report to congress she said basically you know even though actually we're tightening we don't want to think of this is tightening because we're just remove removing the excess accommodation that's associated with you leave because we've become uncomfortable with that but we're still going to be accommodated by having zero rates for as long as it takes how do inflation unemployment and you know future fed rates basically appear in her remarks today basically she's inflation isn't good so that gives us accommodation unemployment is still which should be with there's excess capacity there's slack in the labor market

with the world cup but the wimbledon final they're happening this weekend in today's big deal edward harrison wired the thing money in tennis and there's way more of it in tennis than probably. i'm going to get to. our lead story today women in the workplace or maybe more appropriately put women suing the workplace now there are two pretty prominent stories making business headlines right now involving powerful women suing their former employer one of goldman sachs and one it tender the start up dating app company now let's start with the tender story with me will a former marketing v.p. at the popular dating app is. suing her former employer for a tro she has sexual harassment and sex discrimination that's from the lawsuit itself now the lawsuit filed against both tkinter and its parent company i c which is owned by barry diller alleges that tenders and chief marketing officer justin meting and c.e.o. sean rad repeatedly called miss wolff a whore and revoked her title because quote having a young female coworker co-founder would make the companies seem like a joke and devalue it disgusting n

big deal time with edward harrison and today we are discussing money in tennis fun stuff so the sport that's hogging headlines this summer is cricket of course soccer and it's all thanks to the world cup but we're a boom bust we're also big fans of tennis and wimbledon is underway at the all english lawn and tennis club that's basically went wrong doris's for the french but it's what it's called so i want to check in with what's going on in the world of tennis in terms of money so edward before we begin first and foremost and this is important because i want to tell well you know i noticed that the beginning we had this whole thing on the boat with maria cher oppose that i mean obviously so we have to reassure pro and she's one of my favorites but she's already she's got that you know what so i have no idea what is. going to go so now i'm going to go with. he's content is you know you know i'm going to go with joke and it's ok that to be honest i'd much rather federer that's what i was saying i think that he can win because joke of it's one five sets today but it was ok now i'm not su

his thoughts on an emerging markets development bank and reserve fund and in today's big deal edward harrison are discussing what a slump in crude price means for the strength of the u.s. . gonna make it all starts right now. the brits are making some big news sunday two of these summit in brazil leaders from brazil russia india china and south africa have signed off on a new development bank according to leaders from the five brics nations the bank shall have an initial authorized capital of one hundred billion dollars with the initial subscribed capital at fifty billion shared equally among its founding members and one of the facts well here they are the new development bank will be located in shanghai the first chair of the board of governors will be from russia the first chair of the board of directors will be from brazil and the banks.

economy and in today's big deal edward harrison and i are discussing valuation test bubbles and how soccer player hummus rodriguez's eight million euro price tag serves as a warning to us all what it looks like the wording it all starts right now. our lead story today german gold now recently germany has been actively trying to repatriate its gold which has been stored for safe keeping as foreign banks in new york london and paris however are getting their gold backed.

earlier to discuss the financial warfare pretty helpful stuff at the moment and in phase big deal edward harrison and i are discussing.

earlier to discuss financial warfare pretty helpful stuff at the moment and in phase big deal edward harrison and i are discussing subprime auto put at risk and the straw that breaks the camel's back it all starts right now. another day another.

treasury secretary the secretary timothy geithner's point of view you got it and in today's big deal edward harrison i.

all down and give us his take on the latest from the world of attack and in today's big deal edward harrison irons pressing the hardest places to live in america you won't want to miss a moment and it all starts right now. with . our lead story today facebook now whether or not we like it for most everyone watching this program right now facebook.

important in terms of big points except in the retelling or the consumer and in today's big deal edward harrison are discussing super air b.n. b. corporate expansion and the fundamental value of these companies and i'll start right now. with. our lead story today argentina now the land of polo pony well done carnegie and tango is dancing with another.

jet used her new crane today wolf tensions in that region and it struck thursday which means edward harrison and i are talking all things technology in today's big deal it's all coming up so it sounds good thanks. does it for now folks for more on the stories we cover to go to youtube dot com forward slash r t america check out our website r t dot com forward slash usa and also follow me on twitter at lindsey france stay tuned boom bust is coming up next. i'm going to be martin the stories we cover here not going anywhere other than stories that have to talk to reason they don't want and do not. want to raise that you. know let's break the set. i say put all the bankers into a circular firing squad put all the bankers the jamie diamond the lloyd blankfein the bob diamond put them into a circular firing squad and give them all ball and let's get rid of all the laws we've got it turns the system of this cancer of the marriott tragedies of the world . stability. she said. you would so it. wasn't good enough to. lead to. technology innovation all the news developments from around russia we've go

the dollar and it's the end of the week which means it's viewer feedback day here on boom bust edward harrison i address your questions comments concerns are live on the show you won't want to miss the moment when it all starts right. now and. rupert murdoch wants time warner and he's selling off assets to get it friday twenty first century fox said that it was selling its italian and german paid television assets to british sky broadcasting better known as b. sky b. which is by the way thirty nine percent owned by fox for more than nine billion dollars now this is.

economy and in today's big deal edward harrison and i are discussing valuation test bubbles and how soccer player hummus rodriguez's eight million euro price tag serves as a warning to us all to look like the warning it all starts right now.