The FCC voted on net neutrality and rescinded the 2015 decision. Steven J.J. Weisman joins Bianca Facchinei as they discuss what this means for the Internet and consumers. The Fed has raised rates once again, Danielle DiMartino Booth discusses this and the Fed with Bianca Facchinei. Is Brexit causing a labor problem in the EU? Alex Mihailovich joins Boom Bust to discuss this topic.
Weekly jobless claims in the United States have seen a bump yet again, pushing the number above one million. Analysts had expected a downward trend to continue after claims fell for the first time in the week prior. Plus, struggles continue for Facebook as the social media giant reaches an agreement for a major settlement in a facial recognition suit, while its other social media platform, Instagram, was just slapped with another massive suit over the same issue. Meanwhile, the travel sector has been battered by the COVID-19 outbreak. But while 2020 will go down as one of the worst years ever for that sector, we are only in August and still have a long way to go.
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On Friday, oil broke $40/barrel for the first time since 2009. The oil price decline gained momentum earlier this week after the Energy Information Administration reported a larger than expected build in crude inventories last week. Ameera David weighs in. Then, Ameera sits down with Marin Katusa – chairman of Katusa Research and author of "The Colder War: How the Global Energy Trade Slipped from America's Grasp” – to talk about oil.
After the break, Bianca Facchinei takes a look at the growing migrant crisis in Europe. Afterwards, Ameera and Erin Ade discuss how Mexico and Canada are dealing with struggling oil prices. And in The Big Deal, Ameera and Edward Harrison talk markets, where stocks suffered huge losses.
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The top story: Sigmar Gabriel, the second-ranking politician in Europe's largest economy is basically rejecting the American - EU transatlantic free trade deal known as TTIP. Edward Harrison has details. Then, RT Correspondent Nicholas Sanchez O’Donovan outlines what’s happening at the impeachment trial of Dilma Rousseff, as she attempts to defend her record. Afterwards, Boom Bust’s Bianca Facchinei reports on the FBI’s warning that foreign hackers have allegedly penetrated US state election systems.
After the break, Edward sits down with the Peterson Institute’s Pedro da Costa to talk about the Fed and US monetary policy options. And in the Big Deal, Edward is joined by Ed Schultz to discuss the potential failure of America’s signature transatlantic free trade pact TTIP.
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EU leaders are sounding the alarm on the magnesium shortage in China as the bloc's leaders look to adjust. Boom Bust's Ben Swann and John Quelch, Dean of the University of Miami Herbert Business School, weigh in on the dueling issues of supply chain disruptions and energy shortages. This as the threat of hyperinflation looms in the background of the post-COVID recovery process. Boom Bust's Christy Ai and Peter Schiff of Euro Pacific Capital offer their forecasts for inflation on the horizon, and discuss potential hedges. Then we take you across the Atlantic where disputes between the United Kingdom and the European Union continue to persist. Hilary Fordwich of the British-American joins the program to discuss the fissures.
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The race for a COVID-19 vaccine continues to heat up as some major American pharma giants are headed into promising late-stage trials. Plus, Boeing is back in the spotlight as it looks to rebrand following its 737 MAX saga, but will the makeover help it take to the skies? Meanwhile, there is a war going on right now between Apple and content publishers in the app store. Apple’s app store fees have risen and major news publishers, along with some of the most popular online games, are pushing back.
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The US Federal Reserve has decided to keep rates steady in the midst of the coronavirus devastation. The latest policy update from the Federal Reserve’s Federal Open Market Committee is as expected, with Federal Reserve Chair Jerome Powell announcing that interest rates will hold near zero through 2022. The Federal Reserve's propping up of markets in the US as posed an issue for China, which has decided to actively sell American debt securities. Meanwhile, the race is on for the head of the World Trade Organization, and the European Union is weighing in. The nomination process for the next director-general of the World Trade Organization began this week.
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In Germany, end-to-end encryption is no longer for just geeks and hackers. The German government is now backing an initiative that would make stronger encryption available to everyone from government officials to its 80 million citizens. Starting in April, the mega encryption will benefit users with De-Mail. It's an email service offered by a group of Germany's biggest webmail providers. Boom Bust guest host Ameera David weighs in.
Then, Edward Harrison sits down with Lockhart Steele – editorial director of Vox Media. Lockhart tells us why he decided to get involved with new media as a blogger at the turn of the Millennium and gives us his take on how blogging has transformed the journalism industry. One insight he offers is how much social media has changed how readers interact with writers on digital media. Steele also tells us exactly what the latest trends in digital media content and content presentation are.
After the break, Erin is joined by David Beckworth – assistant professor of economics at Western Kentucky University and adjunct scholar at the Cato Institute. David tells us that what stands out for him in looking at the total spending in the Eurozone core compared to the periphery since the euro began in 1999 is that since 2010, the periphery has been unusually weak. David explains that this could be explained via the Taylor Rule, which suggests that Eurozone monetary policy was too tight for the Eurozone periphery but just about right for the core. In fact, Beckworth believes Eurozone policy will continue to be better for Germany and the core than for the periphery and that this will lead to problems.
And in The Big Deal, Ameera and Edward discuss Tesla’s decision to cut jobs in China. The question is whether this is a Tesla problem or a China or a China problem or both. Take a look!
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Another day, another escalation in the ongoing Nord Stream 2 saga as the United States warns its European allies against completing the project. Boom Bust co-hosts Ben Swann and Christy Ai offer their takes on the comments and what the future could hold for the embattled gas pipeline. (1:08) Plus, in the wake of major stimulus measures, the Biden administration has already set its sights on additional projects in infrastructure. Michael Pento of Pento Portfolio Strategies joins the program to discuss the plans and the state of the US dollar. (9:46) Major tech company heads saw another blistering day on Capitol Hill as lawmakers prodded the CEOs on extremism on their platforms. Mollye Barrows of "America's Lawyer" brings us the latest from the Hill and what kind of heat the tech heads have been facing. (19:46) Plus, could we soon see Miami become the next major tech hub? RT America's John Huddy is on the ground in the city and brings us up to speed on Elon Musk's plans to transform the layout of the city. (23:53)
#BoomBust #QuestionMore #RTAmerica
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NO show does it like this. It’s TIME TO DO NEWS AGAIN with Rick Sanchez
News with Rick Sanchez: https://bit.ly/NRSSHOW
It’s her take on all things political and she presents ALL the angles: News.Views.Hughes with Scottie Nell Hughes, NVH: https://bit.ly/NVHSHOW
What’s your NEWS IQ? Give us 30 minutes, and we’ll take you across the globe!
In Question with Manila Chan, IQ: https://bit.ly/IQ_SHOW
Steve Malzberg sinks his teeth into the slander, hypocrisy, bias and lies of MSM. MMM…Delicious! Eat The Press: http://bit.ly/EatThePress
Candid conversations with the most outspoken guy in Hollywood! Dennis Miller + One! Dennis Miller Plus One: http://bit.ly/DennisMillerPlusOne
Let our TV time-machine bring you the week’s highlights and a closer look at the BIGGEST stories, Just Press Play: http://bit.ly/JustPressPlayShow
Yep, it’s Gov. Jesse Ventura and you’re living in his WORLD! Come along for the ride.
The World According To Jesse: http://bit.ly/WATJSHOW
They’re watching you. Are you watching them? Are you WATCHING THE HAWKS?
Watching The Hawks: http://bit.ly/WTHSHOW
Do you keep missing the forest for the trees? Let Holland Cooke show you the Big Picture, The Big Picture: http://bit.ly/TheBigPictureShow
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David Merkel joins Boom Bust, as he discusses sovereign money systems and the rise of cryptocurrency. RT’s Ashlee Banks explains a new move by German courts that could change their roads dramatically. And Chris Martenson talks about Russia’s “gold rush”. All that and plenty more on today’s Boom Bust.
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