[587] Ron Paul: ‘Trump is not an option’; Long on Puerto Rico
US stocks took a huge tumble on Tuesday and a Brazilian judge ordered a temporary block of user access to WhatsApp; Ameera David weighs in. Then, Bianca Facchinei takes a look at the latest developments in the EU/Turkey refugee agreement. Afterwards, Ameera talks to Cate Long about Puerto Rico’s missed debt payment.
After the break, Ameera sits down with Dr. Ron Paul to get his take on the 2016 election and the economic policies of the candidates. And in The Big Deal, Ameera and Edward Harrison discuss Warren Buffet’s comments at his annual meeting.
The migration crisis in Europe is escalating with EU leaders now gathering for an emergency meeting in Brussels. Officials there have a lot on their plate as they address an issue that has no easy solution; the plight of thousands of migrants crossing the Mediterranean into Europe in search of employment and a better life. All of this is heightened by the tragedy last weekend in which a ship carrying African migrants capsized off the coast of Libya killing as many as 900 people. Boom Bust guest host Ameera David weighs in.
Then, Edward sits down with Warren Mosler – president of Valance Co., Inc. Warren gives us his take on the Atlanta Fed’s downbeat forecast for first quarter GDP growth and if the Fed raising rates would have a greater impact on interest income or credit activity.
After the break, Bianca gives us a daily news roundup of other major business headlines of the day including the end of the Comcast/Time Warner Cable deal, Facebook and eBay earnings, and potential regulation of Berkshire Hathaway.
Afterwards, Ameera and Erin discuss how the House of Representatives passed a bill that would grant legal immunity to companies that share cyber threat data with the federal government after a number of American corporations were hit with hacking breaches.
And in The Big Deal, Ameera and Edward talk about the latest coming out of the Eurozone.
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The Senate heads towards a vote as early as Nov. 30, 2017 on the latest U.S. tax bill; Steve Malzberg gives us his take on it with host Bianca Facchinei. Bitcoin is up and rising faster every day! Bart Chilton takes us inside the world of digital currencies with his take on the phenomenon. Does the Senate tax bill make economic sense? Dr. Mark Thornton gives us his analysis of the latest bill and what kind of growth we should expect.
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There are rumblings in the Eurozone that could forecast a major quake on the horizon for the European Economy. Hilary Fordwich, of the British-American Business Association is on hand to analyze the situation in the EU, from Brexit bungles to Italian instability. Plus, lurking in the shadows of the U.S.-China Trade War, another trade spat has spilled over across the Sea of Japan, as South Korea and Japan have ramped up their dispute to now include military ties. RT Producer Brent Jabbour joins the show to sift through the shaky trade relationship. Plus, the threat of cybercrime no longer applies just to individuals as several cities across the U.S. are being held digitally hostage. Investigative Journalist Ben Swann logs on today to dig into the digital dilemma.
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Our lead story: The International Monetary Fund trimmed its outlook for global economic growth in 2014. But the one place not engulfed by this gloomy outlook is the UK, which the IMF expects to grow by 2.9% in 2014. Erin brings you the details.
Erin then sits down with economist and author Jim Rickards on his new book, "The Death of Money: The Coming Collapse of the International Monetary System." We ask Rickards about the threats to the US dollar in his book. It covers the IMF, emerging markets, and the Fed, among other things. Don't miss it.
For today's Big Deal, Edward Harrison and Erin discuss how Apple, Google and other big tech companies allegedly fixed the high tech labor market. Check it out.
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The disconnect between U.S. markets and actual economic data is visible as markets continue their surge apace with US unemployment claims. Meanwhile, as the fog of uncertainty clouds the global economic outlook, investors are rushing to safe-haven assets like Bitcoin and gold. The divide between bitcoin and gold is largely generational: Older investors prefer gold while millennials are rushing into Bitcoin.
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The top story: Japanese Prime Minister Shinzo Abe unveiled the stimulus package he hoped would give a strong boost to the economy. Elsewhere, GDP figures showed the British economy grew faster than expected in second quarter of the year, with growth coming in at 0.6%. Ameera David has details. Afterwards, Boom Bust’s Bianca Facchinei reports on the Fed’s latest monetary policy and what it signals about future policy. Then, RT Correspondent Marina Portnaya details how Donald Trump is busy attempting to woo Hispanic voters in Florida as Hillary Clinton finishes out the democratic convention as the first major party female nominee.
After the break, Ameera talks to Money Strong founder Danielle DiMartino Booth about the US and Japanese economies and the monetary policy response. And in the Big Deal, Ameera and Edward Harrison review the real difficulty Deutsche Bank, Germany’s largest bank, is having.
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Stock markets are constantly in flux, shooting up and down at the drop of a hat, but Melissa Armo talks with host Bart Chilton as she examines some of the best national and international stocks. Holland Cooke joins Boom Bust as he talks about baby boomers. Jeffrey Tucker tackles bitcoin and gives us a closer look at a volatile currency.
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On Monday, it was a Monday Meltdown. Global markets entered a new day of worldwide sell offs, extending last week’s downward plunge. Triggering the jitters was a sharp sell-off in Chinese shares which wiped out gains for the year as the Shanghai composite saw an 8.5 percent drop, the biggest percentage decline since 2007. Ameera David weighs in.
Then, Ameera sits down with Paul Craig Roberts, Chairman of the Institute for Political Economy, to continue the conversation on the world-wide stock rout.
After the break, Edward Harrison talks about China to Patrick Chovanec, Chief Strategist at Silver-crest Asset Management. Reports are that $800 billion dollars has left China in recent months. Patrick tells us whether the Chinese outflow is due to economic fundamentals or capital flight.
And in The Big Deal, Ameera and Edward Harrison talk market and why stocks suffered huge losses.
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A Chinese investment firm is paying out $1.3 billion to buy giant oil fields in Texas, meanwhile China says it will take all necessary measures to defend its territory after the US sailed a warship through the South China Sea. Ameera David weighs in. Then, Ameera is joined by RT correspondent Manuel Rapalo to talk about how congressional lawmakers are now proposing the sale of 58 million barrels of oil from America’s strategic petroleum reserves. Afterwards, Bianca Facchinei takes a look at new data estimating 2016 college graduates will enter the strongest job market since the recession.
After the break, Ameera sits down with Alex Tabarrok – professor of economics at George Mason University – to talk about pharmaceuticals. And in The Big Deal, Ameera and Edward Harrison talk mergers and acquisitions.
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