Our lead story: This week Stanford said that it would divest all of its investments in coal-mining companies, becoming the wealthiest US university to pledge divestment from sectors of the fossil fuel industry. Erin gives you her take on the situation. For our interviews today, we look at peak oil theory with Richard Heinberg and James Hamilton. Heinberg argues that we have reached peak oil supply and that will have major economic consequences for our future prospects of economic growth. Hamilton on the other hand sees this as more of a demand issue. Take a look. Finally in today's Big Deal, Edward Harrison and Erin take a look at the return of the subprime auto loan market. Is this another example of perverse incentives in the search for yield? Edward gives you his take. Check us out on Facebook: http://www.facebook.com/BoomBustRT https://www.facebook.com/harrison.writedowns https://www.facebook.com/erinade2020 ... https://www.youtube.com/watch?v=ZQO2SEldhtg

Our lead story: A proposal from Greece to its creditors, hoping to end a standoff over the country’s bailout program, was quickly dismissed. European officials said Wednesday that the proposal offered did not go far enough in meeting creditors demands and they say it’s incumbent on Athens to deliver something else. Greece is quickly running out of money and needs to reach a deal on cash for reforms with its creditors to avoid defaulting on its debt at the end of the month. Boom Bust’s Ameera David weighs in. Then, Ameera sits down with Cullen Roche – founder of Orcam Financial Group and author of “Pragmatic Capitalism: What Every Investor Needs to Know About Money and Finance.” Cullen gives us his take on soft retail sales reports and tells us what he makes of a poll demonstrating 61% of Americans believing we are still “in the middle” of a housing crisis. After the break, Bianca Facchinei takes a look at the job cuts announced by HSBC on Tuesday. Europe’s largest bank will be shrinking their workforce, cutting 50,000 of their 250,000 positions, by the end of 2017. Afterwards, Ameera is joined by Boom Bust’s Erin Ade to discuss President Bill Clinton’s national homeownership campaign in 1995. Jean and Jim Mikitz introduced President Clinton's housing strategy in June of 1995 and by 2004 their story ended in foreclosure. And in The Big Deal, Ameera and Edward Harrison discuss elections in Denmark and Canada’s economy, with the theme tying those two economies together being high levels of mortgage and household debt. ... https://www.youtube.com/watch?v=bkKNecezf_c

The spotlight is back on trade between the US and China as Beijing waives tariffs on some imports from the United States. As part of the ‘phase one’ trade deal between the two countries signed in January, China agreed to increase imports of US goods by $200 billion over two years. Meanwhile, even though Saudi Arabia’s government has diversified their investments, Saudi Aramco announced a drop in first quarter net profit as the novel coronavirus pandemic ravages demand. Plus, Tesla is defying California orders and has reopened operations within the state. CEO Elon Musk is flaunting lockdown rules by restarting Tesla’s Fremont, California factory as calls for economic reopening continue across the country, #BoomBust #QuestionMore #RTAmerica Follow us on Twitter: https://twitter.com/RT_BoomBust Check us out on Facebook -- and feel free to ask us questions: http://www.facebook.com/BoomBustRT Follow Christy Ai on Instagram: https://www.instagram.com/christai_ai/ ... https://www.youtube.com/watch?v=W1cFchtd5Ok

Bart Chilton sits down with special guest Dr. Richard Sandor as we examine the U.S. stock market. The Senate is looking to vote on the latest US tax reform bill, Bart Chilton and Bianca Facchinei discuss the events. Melissa Arno is back as she explains to us the record breaking retail numbers we saw over the Thanksgiving weekend. Follow us on Twitter: https://twitter.com/RT_BoomBust https://twitter.com/LindsayFrance https://twitter.com/BiancaFacchinei Check us out on Facebook -- and feel free to ask us questions: http://www.facebook.com/BoomBustRT http://www.facebook.com/LindsayDaleFrance ... https://www.youtube.com/watch?v=PZtU_CHcn3Q