Relations between the U.S. and China have gone south as of late, and now other nations are taking sides. Taiwan's Foxconn has said that they will be able to move Apple's production out of the People's Republic of China, if need be. RT Correspondent Alex Mihailovich is on hand to catch us up on what shaky relations can mean for manufacturing. Plus, Amazon has waded into yet another sector as the giant now towers over all; Adam Mesh of the Adam Mesh Trading Group joins us to map out the tech giant’s path. Tariffs on Mexico have been avoided for now, but what could be in store for trade? Laura Carlsen of the Center for International Policy joins us to sift through trade across the southern border.
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When people think of health tourism, it’s usually plastic surgery in Brazil or South Korea that comes to mind. And you would assume that those in need of serious medical attention aren’t looking to Cuba for help, but a growing amount of Cuban doctors are caring for international patients. Boom Bust’s Bianca Facchinei has all of the details on that.
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The market is chugging higher today despite record COVID-19 cases and ongoing reports of hotspots in addition to shocking comments on US trade with China. Meanwhile, a growing list of companies have temporarily stopped advertising on Facebook, purportedly to combat the company’s failure to stop hate speech and disinformation and to show support for a movement called “#stophateforprofit.” Plus, European airline Lufthansa is facing turbulence in the midst of bailout talks with the German government and its shareholders as the pandemic continues to decimate the travel industry.
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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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The latest consumer confidence numbers have been released and signs point to positive growth. But could this just mask a bigger problem? Danielle DiMartino Booth breaks down the new numbers and how that effects the U.S. economy.
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The terms have been set for the EU-Mercosur trade deal, but it is far from over; Ruben Cortina, the President of the UNI Global Union, joins us from Buenos Aires, Argentina, to break down what's at stake in this deal. Plus, trade tensions may have cooled between the US and China, but it's still a hectic highway for Huawei; RT's Alex Mihailovich and Brent Jabbour are on hand to break it down. And later, the roller coaster rages on for Bitcoin, as the crypto has seen its ups and down recently. But it's not just Bitcoin, as altcoins have taken a beating; Rumi Morales of Outlier Ventures is standing by to dig into the details of the dip.
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Goldman Sachs has become a cipher for a person's views about Wall Street and the financial sector. Steven Mandis, a former Goldman employee, dug deep into the culture at the firm to determine whether the first business principle -- "Our clients' interests always come first" -- of the company has fallen to the wayside, and why. He is the author of the new book "What Happened to Goldman Sachs" and talks to Erin Ade about his book.
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The Biden administration has had its first high level trade talks with China since taking office, but what has come of the calls? Plus, the Colonial Pipeline saga has taken yet another turn as new allegations of negligence have arisen. Meanwhile, as the smartphone revolution continues to change seemingly at the speed of light, soon some manufacturers could lose their exclusive repair rights.
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Boom Bust’s Bianca Facchinei describes the battle over the South China Sea and what Tuesday’s ruling means for Beijing’s and Manila’s maritime ambitions.
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