and above all, directly with a cell phone. rummaging for small change would be over. prices rising in europe and the u. s. is consumer demand picked up and supply chains face bottle? next, something economists have generally been expecting is nations recover from the west of the pandemic. but how far prices will rise? it's hard to predict as it's how and when central banks will be forced to react. how much will these euros get you? at least for a while, the answer is going to be less than they used to. as economic activity returns, in many parts of europe, inflation has risen to 2 percent in the month of may. no reason to worry says the e c b. it's worth reminding our sells where we were a year ago compared with where we are today because that's, that's how inflation is calculated year over year. and clearly, a year ago, a lot of activities when down prices were on the downward pressure clearly. and the down movement that we saw at the time has no and is being compensated by an upward movement that we see in many of those prices. but when down and the european central bank expects prices to keep getting

u. s. price presidents comma le harris standing alongside the guatemalan president. honda john, say they're just wrapping up a press conference. they've been taking questions from journalists on the issue of excuse me migration. that is what they have been discussing amongst themselves. and the u. s. vice president had said that she had had robust candidate, as well as a thorough conversation with the president. let's bring in a kimberly house, listening in joining us from guatemala as capital. kimberly for anyone to catching up. talk us through the take away message from, from the vice president who was the guatemalan president senior you're going to keep my voice low for because there is a correspondent right behind me, the questions that you speak. but to give you a sense of what the takeaway press conference is, what you have are 2 leaders of very different political persuasions. tackling one problem that what you have is the right leaning on president of guatemala, who is focused on solving the issue of migration through economic opportunity. and this is really

u. s. consumer prices in may, rose at their fastest rate in more than a decade, as the state of inflation remains in focus. now the consumer price index by 5 percent from the year prior. the biggest increase in c p, i jumped 5.3 percent in august 2008, amid the nation's last financial crisis. now, as we've talked about on this show time and time again, the federal reserve has been using inflation as an indicator for whether or not to change monetary policy. but the fed has maintain the rise and inflation, and recent month will be transitory temporary. as the country's economy continues to reopen after it was decimated by the cobra. 1900 pandemic. joining disgust is octavia miranda. he's a ceo of optimist. l l c. octavio, there's a lot here, but i want to start with prices for march through may. so over that 3 month period actually jumped by nearly 10 percent compared to that same period last year. what is the takeaway here and how concerning is all of this data? well, i think it's very troubling. it's very concerning. i mean, we've seen the consumer price next jump quite significantly. we

least 2 hopes the you will drop steel import quotas to increase competition and decrease prices over to the u. s. now where retail sales fell further than expected in may as prices rise, americans spend more on services like restaurants. the food industry was among the branches reporting higher revenue for the month. clothing retailers and other consumers, meanwhile, curved their big ticket purchases as supply bottlenecks. raise prices on goods like cars. the auto industry reporting surging price tags due to a shortage of semiconductor chips. jose luis, the hose, or financial correspondent, he joins me now from new york. was they going to see you as always messed up in the stock exchange? all right, so we saw that retail spinning so further than expected, but it's also shifting a bit more to services. what does that tell us right now about the recovery in the u. s. at this moment, a lot of interesting trends for steven, and you mentioned one of the most important ones that americans are starting to spend much more on bars and restaurants, as the reopening keeps taking place here in the us. also,

u. s. gas prices. today, american consumers were wondering if me prices would go the same way as a cyber attack against the world's biggest meet processor affected about 20 percent of us slaughtering capacity. colonial pay the criminals between $4.00 and $5000000.00. j b s says a says now resolve the issue. so ransomware is clearly big business. i'm fil gail in berlin, and this is the day the, the, the ransomware attack by criminal hackers. well that was a warning shot. we are looking to steal our intellectual property. they are looking to steal our personal identification and they're looking to conduct interference and influence operation. my ministration will be pursuing the global effort rent were attacked by national criminals who often use global money laundering networks to carry them out. i mean that it no longer is just a simple guessing a password or perhaps a phishing email. there's evidence that the actor ransomware is in russian. they have some responsibility. the welcome to the day we begi

u. s. s. strikes facebook shap, price, the thought of the highly publicized court case. we'll have all the details and inform wanna football's greatest, rob rob will raise regimes on monday for us to look ahead to that big game. ah, another big story for you. foremost, south african president, jacob zoom out, has been given 5 days to hand himself in off the judge and sentenced him this morning to 15 months. in jail. zoom has been found guilty of contempt for failing to appear before an inquiry investigating corruption during his time in office. a commission has been hearing allegations about the wealthy group to family who used its friendship with zoom as to when government contracts and influence policy in the country. mister room, i know ordinarily to ease the former president of the republic of south africa who continues to with significant political influence. and in woman dies a great deal of power to insight as to similarity sire put order. he's actions and any consequences or lead at being closely observed by the public. so if he's conduct is met with impunity, he

u. s. but prices could continue to increase due to covid and the weather.ost is certainly has increased dramatically. over the past year, talked about 40 to 50% and that is going to the meat. and just this morning, another ransomware attack impacting ferry service to martha's vineyard and nantucket and grilli, colorado. alicia acuna, fox news president biden met today with a key gop senator in an effort to hammer out a deal on his infrastructure proposal. the president held an oval office meeting with west virginia senator shelley moore capito. they're trying to find some common ground between biden's on most $2 trillion plan and the republicans $900 billion counter offer. i really believe that we should keep working at it. but if we get to the point where there's no more conversation we had then we move on patients is not unending, and he wants to make progress. his only line in the sand is an action he wants to sign. a bill into law this summer. while the white house is hoping for a bipartisan agreement. some democrats want the president to move forward w

u. s. gas prices. today, american consumers were wondering if meet prices would go the same way as a cyber attack against the world's biggest meet processor affected about 20 percent of us slaughtering capacity. colonial pay the criminals between $4.00 and $5000000.00. j b. s says it has now resolved the issue. so ransomware is clearly big business. i'm fail, go in berlin, and this is the day the the ransomware attacked by trim. well, that was a warning shot. we are looking to steal our intellectual property. they are looking to steal our personal identification and they're looking to conduct interference and influence operation. my administration will be pursuing a global effort rent were attacked by national criminals, who often is global money laundering networks of care. i mean that it no longer is just a simple guessing of passwords or perhaps a phishing email. there's evidence that an actor reads where it is in russia. they have some responsibility. welcome to the day we begin with a growing thre

u. s. needs to price current, so that's a very difficult issue to discuss. but then also all the international issue can be discussed which are on the account, which is china. i think extremely important to common lines. 4 what's china wrong? d 27, and the results from russia and depreciation, the important to put in, put in meeting on wednesday. okay, well, let's turn to russia then vladimir, because of joining us from moscow. this russian miss being in the g 7. this must be somewhat painful for vladimir putin to watch from the sidelines because of course it used to be the way the g rush is no longer part of this club. well, what do you mean by saying miss, you know what we're suggesting when there was a collective decision on the j 7. i guess it was several years ago while our rights in 2014, when the starting ukrainian crisis, so bar or crimea, the g 7 decided to rush to get withdrawn from, from, from j 7 j a. sorry. so i, i don't think that russia, too much miss missed the, certainly the thing because i rush actually is south sufficient country patient c

u. s. fascination program is boosting the countries travel sector. prices are rising in europe and the u. s. as consumer demand picks up and supply chains face bottlenecks. it's something economists have generally been expecting as nations recover from the worst of the pandemic. but the extensive rising prices has been very hard to predict. in many observers are already wondering when central banks could raise interest rates in response. today the head of the europe central europe, central bank, said not yet. how much will these euro's get you? at least for a while, the answer is going to be less than they used to. as economic activity returns in many parts of europe, demand across sectors has spite helped along by stimulus keeping, borrowing costs down. that's had one particular side effect. inflation has picked up over recent months, largely on account of base effects, transitory factors, and an increase in energy prices. it is expected to rise further in the 2nd half of the year before declining as temporary factors fade out. on new stuff, projections point to a gradual increase in un

u. s. with construction l in the supply side. i think the other factor in europe is of course, the same, somewhat in the u. s. and that the price of oil, the price of oil, has given an inflationary pressure. so those are the real factors. i think the only thing we can do been is look at what's real, not what we're being told, what's real and what we're not being told exactly. right. i mean, you mentioned lumber, lumber, the cost to build a home, the cost of milk, the cost of eggs. everything is sky high right now. the cost of oil and gasoline, but european central bank president christine the guard and her chief economist, philip lane, they dismissed inflation pressures as temporary saying this quote. there is nearly 0 connection, 0 connection between any kind of spikes in prices under the reopening of the economy and what goes into the inflation trend in quote, it feels like we're being just told to go along and maybe this is what we've been doing now for well, over a year, but whatever is said from on high right, it's that feel that term that we use in economics. the by decree only is what's happening with inflation right now

u. s. existing home prices have hit fresh all time highs in tandem with fed balance sheet. so this goes back to 2005, and the yellow price. the yellow line is the fed balance sheet and the white line, there is the housing prices. as you see, they are going up in lock step, especially over the past year as has gone parabolic. so both have gone parabolic at the same pace in the same rate. and the fed says they don't cause us, they don't, they say the fed address, our concerns recently of the count on fact. and they claim and they insist that their policies do not cause wealth. and income gap is certainly a wealth gap. and that shows you, however, the home price is going up lock step with the feds balance sheet. they're buying the mortgage backed securities, which enables more money, more leverage, more funds to go into the limited supply of housing. so, you know, just look at the data and you to believe the fatty could believe your own eyes. yeah, you know, it kinda reminds me of the phenomenon we saw in the u. k. when fat sure opened up the public housing stock to privatizat

u. s. fascination program is boosting the countries travel sector. prices are rising in europe and the u. s. as consumer demand picks up and supply chain face bottlenecks. it's something economists have generally been expecting nations recover from the worst of the pandemic. but the extent of rising prices has been very hard to predict. and many observers are already wondering when central banks could raise interest rates and response. today the head of the europe central europe, central bank, said not yet. how much will these euro's get you? at least for a while, the answer is going to be less than they used to. as economic activity returns in many parts of europe, demand across sectors has spiked, helped along by stimulus keeping borrowing costs down. that's had one particular side effect. inflation has picked up over recent months, largely on account of base effects, transitory factors, and an increase in energy prices. it is expected to rise further in the 2nd half of the year before declining as temporary factors fade out. on new stuff, projections point to a gradual increase in und

goods aren't being shipped elsewhere, china does have price and power, just like the opec oil cartel did in the seventy's when they, when the u. s. first went off the dollar at the gold standard. remember they started to ratchet up the prices because they were like, you know, we don't trust that we're actually getting anything in return for our oil. so it was a bad idea for bill clinton to admit china to the world trade organization. because 30 years later, as many people predicted they would simply start raising prices and we would no longer have manufacturing capacity because we shipped all of our factories and job to china. and now where are the clients date of china? ok, let's take a break. and when we come back, much more coming your way the me ah ah, ah, ah, ah. doing the breathing technique and then take a pool in here. and then no, no, everything goes out to to bring that into the re read stage. we're just dime a field trip tomorrow. i just didn't read a vision. she me the spine, eagle's nest. need by just yet about in the past year. but i again jack and jones i died. i might talk to you about the most most difficult rea

u. s. oil prices have now hit $70 a barrel for the first time in nearly three years. fuel. as the pandemic weinstein and more americans travel that demand has also pushed us gas prices to a seven year high. bay area drivers continue to pay the highest gas prices in the country with an average of $4.40 a gallon. now, here's a look at wall street stocks were mixed today as investors started off the week weighing the prospects of higher inflation and interest rates. the dow dropped more than 126 points after briefly reaching a record high during trading today. nasdaq gained 67 and the s and p lost about three points. the airline industry is dealing with a growing number of travelers carrying fake covid-19 health records. the international air transport association says it has tracked fake certificates from several countries, including france, brazil, bangladesh and afghanistan. airlines say they aren't equipped to police the needed certifications and worry the problem will worsen this country start demanding proof of vaccination right now. 120 countries, including the us

goods aren't being shipped elsewhere, china does have price and power just like the opec oil cartel did in the seventy's, when they, when the u. s. first went off the dollar at the gold standard, remember they started to rush it up the prices because they were like, you know, we don't trust that we're actually getting anything in return for our oil. so it was a bad idea for bill clinton to admit china to the world trade organization. because 30 years later, as many people predicted they would simply start raising prices and we would no longer have a manufacturing capacity because we shipped all of our factories and jobs to china . and now where are the clients state of china? ok, let's take a break. and when we come back, much more coming your way, the me always be polite, never engage with an aggravated or confrontational office. don't get into any conversation to start answering question. just ask for an attorney. survive and interrogation. you've gotta be ready to stand your ground. definitely don't want to be going to trial in a jump, so one cups you're more likely to walk free. if you're rich and guilty, you are, if you're

goods aren't being shipped elsewhere, china does have price and power, just like the opec oil cartel did in the seventy's when they, when the u. s. first went off the dollar at the gold standard. remember they started to rush it up the prices because they were like, you know, we don't trust that we're actually getting anything in return for our oil. so it was a bad idea for bill clinton to admit china to the world trade organization. because 30 years later, as many people predicted they would simply start raising prices and we would no longer have a manufacturing capacity because we shipped all of our factories and jobs to china . and now where are the clients state of china? ok, let's take a break. and when we come back, much more coming your way, the me, ah, ah, is your media a reflection of reality? in a world transformed what will make you feel safer? tycer lation for community. are you going the right way? or are you being that somewhere? which direction what is truth is faith in the world corrupted. you need to defend the join us in the depths will remain in the shallows, use the response will be necessarily need budget. y

prices spiking 4.8% from april to may. researchers say the drought in brazil and the increased use of vegetable oil, sugar and cereeusing od pr. around the world. u sel for the first time in nearly three years. industry analysts say the rising price of oil is tied to a growing demand for gas and jet fuel as the pandemic winds down in more americans are traveling. that demand is also pushed us gas prices to a seven year high. bay area drivers continue to pay the highest gas prices in the country, with an average of $4.40 a gallon still to come. at noon, amazon's founder jeff bezos, heading off to space next week, is expected to bring with him and how one person from the general public also has a chance to join. this has a chance to join. this mission. after my car accident, wondnder whahatmy c cas. has a chance to join. this mission. so i called the barnes firm. i'm rich barnes. youour cidedentase e woh than insurance offered? call the barnes firm now to find out. yoyou ght t beurprpris call the barnes firm now tafter my car accident, did you know that geico's whole 15 minutes thing... that came from me. really. my first idea was “in one quarter of

goods aren't being shipped elsewhere, china does have price and power, just like the opec oil cartel did in the seventy's when they, when the u. s. first went off the dollar at the gold standard. remember, they started to ratchet up the prices because they were like, you know, we don't trust that we're actually getting anything in return for our oil. so it was a bad idea for bill clinton to admit china to the world trade organization. because 30 years later, as many people predicted they would simply start raising prices and we would no longer have manufacturing capacity because we shift all of our factories in job to china. and now where are the clients date of china? ok, let's take a break. and when we come back, much more coming your way the me ah, we're missing a very disturbing media trend, serving an ideology and scoring political points. trump's informing citizens, we had the russia gate hoax, the impeachment hoax, and the suppression of any debate on the origin of coven now front and center is the capitol hill, ryan. what does the f b? i know. i still think the cars right on police report on december 2020 a group of anti

prices, both crude and w t. i. the larger the shift and market dominance back to the u. s. that that is what's likely with higher prices with revitalized drilling. so if you'd give drillers in the u. s. a reason the aim for that 13100000 barrels of production, which we peak that they'll try for the closer we get to a 100. this is really where i think opec has to weigh some costs, benefits in terms of who has what sort of market share and dominance. last time we talked on this topic back in may, i thought the price target would be in the mid seventies to say low eighty's, maybe stretch in the eighty's by year end. i still think those are good numbers. around brings in a wrinkle, and opec has to be mindful of what us negotiators have in mind and the potential ramp up in iranian exports as well. and that's a great point because that's what i want to get to next year. because christy a senior iranian official, has announced that the u. s. has agreed to lift all things on around oil and shipping industry. something to us de department has refuted at this point. now whether that i

u. s. and you say that's china unfairly subsidize the steel produces and then dumped the excess steel on world markets at rock. bottom price is distorting the market and that is what triggered the u. s. trying to trade dispute back in 2018, but the then trump administration went even further imposing 10 percent to terrorism elementary. i'm and 25 percent terrorists on the import off almost all foreign steel, including from europe now brussels, interning post 25 percent tariffs on u. s. deal while also targeting other products. other safeguards such as import quotas have led to shortages of steel on the market, and prices are skyrocketing. the 2nd truck company in western germany makes stumped components for automobiles. the machine is constantly supplied with high grade rolled steel straight from the furnace. last year, 2nd trip paid $4900.00 euro's for a relative steel. now it's $9000.00 tech and trucks. managing director blames the massive price icon. you protectionism, which is closed off the steel market here, imports from nani. you countries also called 3rd countries, like china, turkey or russia are restricted by quo

goods aren't being shipped elsewhere, china does have price and power, just like the opec oil cartel did in the seventy's when they, when the u. s. first went off the dollar at the gold standard. remember they started to ratchet up the prices because they were like, you know, we don't trust that we're actually getting anything in return for our oil. so it was a bad idea for bill clinton to admit china to the world trade organization. because 30 years later, as many people predicted they would simply start raising prices and we would no longer have manufacturing capacity because we shipped all of our factories in job to china. and now where are the clients date of china? ok, let's take a break. and when we come back, much more coming your way, the me, russia, china relations are strong and getting deeper. we are told this is dangerous for the washington lead world. is it? why are moscow in beijing moving closer together? isn't miscalculations of the washington consensus? have anything to do with it is that china, russia a liar made in america? i still think it comes right on police report. in december 2020 a group of anti finishe

s u. but fisher-price did not recall the rock 'n' play until 2019 ano now admits at least 90 babies have died. is there an acceptable death quota? we're talking babies here. >> even one loss of life is too many. >> reporter: right! so why didn't you pause and recall the product then? >> the reason is because all the study and research and information that we gathered did not show that the product was unsafe. >> reporter: fisher-price insists the rock 'n' play had extensive testing and met or exceeded all applicable regulatory standards. but the report concluded manufacturers hold too much power. regulators not nearly enough. anna werner, cbs news, berkeley, california. >> o'donnell: and there is still much more news ahead on tonight's cbs evening news, jeff bezos is about to check off a major item from his bucket list. and the story behind the newest royal baby's name. d the story bt royal bababy's name. without a a serious support sysystem. kathy y martin hasas one in m medicare frfrom blue cross blblue shield.d. she won't t go a day without ththe right cacard. because e she can't t go a dy

prices to offset raw material increases. in wood, pulp and plastics. on thursday, the u. s department of labor released data showing consumer prices increased 5% over one year ago. economists say the causes pent up demand as people emerge from pandemic restrictions and face supply shortages as companies tried to ramp back up after shutdowns. i've got off roading jeeps at the sigma auto group lot and conquered. they've seen a 35% increase in business prices and demand for used vehicles surged a record 10% last month as a shortage of semiconductor ships decreased supplies of new cars. there have been a shortage of new cars out there recently due to the chips, which has driven the prion market up, i would say, uh, pretty significant amount and as more people travel airline fares have increased 7% gas prices hit a seven year high. treasurys the economy readjust from the past year, we're making progress and what we're seeing some inflation. i don't believe it's permanent, but we will watch this very carefully. one thing that does not appear to be rising is interest rates. the fe

because we can't get hold of stuff, have to pay them more and that could feed in to rising prices. staying with the u. s. and amc entertainment is worn to amateur investors. they may lose all their money if they buy stock during his current rally, the world's biggest movie theater business has seen and share price saw thanks to a similar frenzy of small investments to that experienced by game stop. earlier this year, amc stops started 2021 with around after around $2.00 each. now that hovering around $60.00 and have doubled in price in less than a week now. but let's get more on this from our wall street correspondent young core to again, this is another game stop or is there actually something about a m c that justifies this deep rise and share price? well, it is pretty wild what we seeing here and that a company itself actually is wanting investors that at this point that they might be losing, or at least a big chunk of their money. it's also highly unusual. i mean, the stock is up since the beginning of the year by more than 3000 per cent. so clearly, amc entertainment is then you mean stock. so what

u. s. air strikes on facebook, share prices sore after a coach dismisses a case, the keys who tech joins of running a monopoly. ah, after nearly 8 months facing and displacement, the conflict and he threw up his northern te gray region has taken a new turn to grow. and rebels are claiming victory and say they are in full control of the regional capital mccully. the federal government has a nice to see so far with immediate effects. malcolm web begins coverage from thy will be in neighboring kenya. i 23 apn government troops took control of the city of mckelly last year. prime minister abbey ama declared victory over the 2 grand people's liberation front. 7 months of conflict followed thousands of being killed. and then it all changed. on monday, when the tpr left took mckelly back, the government appointed administration fled and then asked for a cease fire. as it will fall into the academy honda but we ask in the name of to dry and all peace loving people, the federal government for a cease fire based on humanity in such a way that prevents further damage so that it is possible for peop

prices. new data shows the retail in the u. k. felt by 1.4 percent in the last month, slightly lower than expectations. the pounds sterling also dropped to its lowest level against the u. s. dollar in 6 weeks. inflation is a concern in the u, where the german data is down, as it's producer price index rosa, 1.5 percent month over month in may. and 7.2 percent year over year, the french cack is in the same boat after falling from fresh highs on friday. then in brazil, the bo vesper is in the red. now, there is rising concern about the resiliency of the index as the country central bank has raised interest rates 3 times this year. the latest of which happened on thursday at a rate of $75.00 basis points. moving now to mexico, where the b and b is down for the week. the drop comes despite the economy seeing growth of nearly 25 percent in may, compared to last year, bringing the country to near pre pandemic levels. that here in the united states, the down the nasdaq and the s n p are down for the week as the markets reacted to the fed, updated guidance on the economy and on the future of inflation. and finally in canada, the tss is down. the commodity prices wait on the inde

least 2 hopes, the you will drop steel import quotas to increase competition and decrease prices over to the u. s. now where retail sales fell further than expected in may as prices rise and americans spend more on services like restaurants, the food industry was among the branches reporting higher revenue for the month. clothing retailers and other consumers, meanwhile, curved their big ticket purchases as supply bottlenecks. raise prices on goods like cars. the auto industry reporting surging price tags due to a shortage of semiconductor chips. was luis, the hose, or financial correspondent, you joins me now from new york. was they going to see you as always messed up in the stock exchange? all right, jose. so we saw that retail spinning so further than expected. but it's also shifting a bit more to services. what does that tell us right now about the recovery in the u. s. at this moment? a lot of interesting trends for steven, and you mentioned one of the most important ones that americans are starting to spend much more on bars and restaurants, as the reopening keeps taking place here in the

u. s. benjamin yahoo! that it is a price worth paying to neutralize iran, nuclear ambitions. will it be viewed as a parting shot of political rivals to push him from power? this is inside for ah, ah, ah. hello and welcome to the program. i'm peter bobby here in hot now for decades. the is really relationship with the united states has been unshakable. it is crucial for israel security and the us government's foreign policy across the broad him at least now. benjamin netanyahu says he is willing to risk quotes friction the can't take a prime minister, whose political future doth hang in. the balance of course, made those remarks whilst announcing david bonnie, as the new head of israel spy agency ma sat mister nathan. yahoo said israel's priority is to neutralize iran's nuclear ambitions, even if the u. s. and others succeed in reinstating the 2015 nuclear deal. i'm not going to certainly call if we have to choose, i hope it doesn't happen between friction without great friend the united states and the elimination of the existential threat or elimination of the existential thr

what they didn't anticipate was the price tag where the u. s. largely shut down for over a year. social outings were a thing of the past. but now as americans with pent up energy rush out to restaurants, bars and other hangouts, they face a rude awakening. cough just keep rising from furniture and cars to be growth and chicken wings. consumer prices have grown rapidly since january 1. corporate could be the complicated supply chain structure that hasn't recovered from the panoramic supply shrinks the demand is exploding. consumer prices have grown 5 percent in the past month. that's the largest jumps in summer of 2008. thinking about taking a quick summer trip. think again, airline prices are also searching with a rise of 7 percent. car and truck rentals are going up to, to the, to 12 percent. and once you get to your destination, if you're thinking of taking or lift, right, share prices are $3.00 to $4.00 times what they were prepaying them for you. what the july celebrate or that barbecue grill may not be in school as have been in previous years, either be growth state again, c

and while the economies are washed with borrowed money, prices are going up u. s. inflation hit 5 percent in may, the highest since 2008. you can mix writer, jeffrey tucker, thinks it's a disaster waiting to up and the level of economic folly that's taking place right now. just really amounts to a kind of economic suicide as if the ruling class in the united states today has as no conception of economic law or reality and at all. and what's extraordinary to me, is that right now everybody's trying to put the best face on it, right? so you've got the federal reserve saying, this is no big deal. everything's going to be fine. i'm actually extremely doubtful . maybe economic law's been repealed. you know, maybe there's somebody else, but once the velocity of spending changes, we can see this thing get out of hand really fast and the federal reserve is pretends to believe they can control. this will be completely lost. i think there's probably dramatic political upheaval coming. americans have inflation, you know, in the old days, in the seventy's when we had the stuf

and while the economies awash with borrowed money, prices are going up u. s. inflation hit 5 percent and may the highest since 2008 for them to live, to welcome onto the program. and jeffrey albert tucker, who is editorial director of the american institute for economic research. welcome to you. start wanting to indeed from deutsche bank about the u. s. stimulus. and the knock on effect that could have are their concerns justified chris, here as an american, i'm deeply embarrassed of what the country is done for the last year and a half. i mean, it was locked down lockdown locked downs, then it was stimulus and printing and spending and the level of economic folly that's taking place right now. just really amounts to a kind of economic suicide as if the ruling class in the united states today has as no conception of economic law or reality and at all. and you know, the fact that cpi numbers came out was 5 percent. i mean, those are in the past 2, it's probably closer, 6 or 7 is definitely double digit manufacturer of actually it's over 20 percent and manufact

but it doesn't mit targeting t great rebels prices in the area. the u. s u n. so i want a full investigation for my philippine president benito aquino has died of renal failure as a result of diabetes at the age of 61, a one time from 2010 to 2016 and presided over a period of steady economic growth. her testers and thailand, back on the streets of the 6 month break, and due to the credit of $900.00 demonstrators in bangkok, demanding the resignation of the prime minister and an overhaul of the constitution . now india's prime minister and the render moody is currently meeting leaders from indian administered kashmir for the 1st time since the region was stripped of its 4 . ptolemy 2 years ago, some of the politicians at moody meeting were among thousands of people arrested in a crackdown that followed the decision in 2019. they are expected to ask him to restore the muslim majority regions of special status. let's speak to elizabeth problem. she joined us from new delhi where those talks are taking place. so this meeting is now well on the way. what are they h