Markets continue to fluctuate as the coronavirus begins yet another surge in the United States and India. We take a look at the forecast for investors and how some parts of the world are beginning to reopen to visitors. And while lockdowns have confined many of us to our homes, some are still stuck on the high seas in the midst of the COVID-19 outbreak. We analyze the struggle facing those trapped on cruise ships and the repercussions they are facing. Plus, we bring you an update of the Canadian court case against Huawei CFO Meng Wanzhou, and what impact a potential extradition could have on the globe. And later, authorities' eyes are back on Amazon following a major stock boost for the e-commerce giant.
ORIGINAL AIR DATE: Monday, March 9
Edward Harrison is joined by Marin Katusa – chief energy investment strategist at Casey Research and author of “The Colder War.” Marin tells us he sees oil going lower within the next 6 – 12 months because, despite the drop in rig count, output levels will remain elevated. Marin also gives us his take on the demand side problems, with China slowing much more than government statistics suggest and warns that hedges that expire by the end of 2015 will leave many companies naked and that’s when the penny could drop.
Marin says he thinks the $100 billion BRICS bank will help solve the problems that Russia and China want to solve but won’t necessarily help other economies in the emerging markets and gives us his take on what kind of impact oil and gas will have on the economy in Russia this year. He continues his comments with an in-depth analysis of oil and the Middle East with points on both Saudi Arabia and ISIS.
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Our lead story: Pfizer last proposed a deal for the company valued at $120 billion. However, under UK takeover rules, AstraZeneca was able to run out the clock on Monday's deadline for reaching an agreement. The decision ends a month long public fight between two of the world's biggest pharmaceutical companies. Erin takes a look.
Then, Edward sits down with blogger Mike "Mish" Shedlock of Mish's Global Economic Trend Analysis. Shedlock discusses US Treasury yields, whether or not we are seeing an economic recovery in the US, and if the Fed is going to hike rates. After the break, Erin brings you her interview with Marshall Auerback who discusses Europe's so-called competitiveness problem, the European Central Bank, and the need for credit writedowns in Europe.
And in Today's Big Deal, Edward Harrison and Erin talk about Google Fiber and what role it plays in the on-going net neutrality battle between internet content creators and internet service providers. Check it out.
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Seattle’s city council voted unanimously to end contracts with Wells Fargo due to their investment in the Dakota Access Pipeline. Lindsay France talks to city councilmember Kshama Sawant about the decision and how the city will look at corporate conduct in new contracts. Then, under President Donald Trump’s administration, the FCC is dropping a fight to lower phone calls from prisons and jails. The move is upsetting advocates for those prisoners, Marina Portnaya breaks it down. Later Manuel Rapalo tells us about the ways Twitter and Facebook will fight trolls online after more pressure from users and even governments.
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With major losses in the US market, we bring in Adam Mesh to help us make heads and tails of what we're seeing.
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It's official, the U.S. and China have inked their phase one trade deal, but this is just the beginning of the long negotiation process. There's a lot to break down here, and we welcome Richard Wolff, host of the Economic Update, to help us cut through the smoke and dig through the details. And, while we have seen a breakthrough on the trade front, the tension is still present in the tech sector, and specifically the race for 5G. We take a look at the latest battleground in the telecom fight taking place in the United Kingdom.
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Manuel Gonzalez Alzuru and Gonzalo Sanchez Slik have a bold idea; use blockchain to revolutionize the real estate market!
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Counterfeiting is a massive problem that ranges from high end goods to low-end products; Manila Chan and Bart Chilton discuss this global threat with Lara Miller from the IACC. GE could be broken up as it struggles with money problems; Ashlee Banks has the details. Jeffrey Tucker talks Bitcoin and Natasha Sweatte talks about the economic impact of mudslides.
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Erin sits down with Peter Joseph, founder of the Zeitgeist Movement – an organization that believes social issues like poverty and pollution are the direct result of an inefficient social structure. Peter tells us what inspired him to start the movement and gives us a look at a recent project he made that focuses on what he calls the “market paradox” and how the evolution of production efficiency has affected the economy.
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With markets making major moves in the US it’s going to take Danielle Shay and Hilary Fordwich to help us make sense of it all in a special panel! Alex Mihailovich returns as GM closes more plants! And is Boeing taking off or crash landing? Jaime Finch joins us once again as the latest news over the disastrous 737 crash. [1205]
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