China Power Issues Threaten Recovery & Brent Crude Clears $80
Rolling energy shortages in China have slowed production that is vital to the global economic recovery. Boom Bust's Ben Swann and Christy Ai bring us the latest on the supply chain issues facing the world's second-largest economy. (1:04)
And Brent crude oil prices have cleared $80 per barrel as the post-COVID travel booms rages on. Michele Schneider of MarketGauge.com gives her forecast on the industry. (8:02)
Then we bring you the latest from Capitol Hill where the heads of the Federal Reserve and U.S. Treasury have faced Congress as multiple crises loom over the nation's economy. Mollye Barrows of America's Lawyer brings us the key details from the hearing and a report on ethical violations in the court system. (16:31)
RT's Ashlee Banks takes a look at bridge infrastructure to find out if it's not only troubled waters in our future.
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The land of polo ponies, well-done carne, and tango is dancing with another default. Argentina has until Wednesday to make an interest payment to bondholders or it will officially default for the second time in thirteen years. Erin takes a look.
Then, Erin sits down with municipal bond expert Cate Long to get an update on Puerto Rico’s struggling finances.
After the break, Erin talks to Overstock CEO Patrick Byrne about Overstock’s experience with Bitcoin, the crypto-currency’s evolution, and the future of Bitcoin.
And in today’s Big Deal, Erin is joined by Edward Harrison to discuss Uber, Airbnb, and their expansion into the business world.
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Theresa May met with EU leaders amid growing tensions as the Brexit nears. Plus, Wells Fargo is facing further scrutiny in California over its fraudulent practices. Edward Harrison has the details. Then, Bianca Facchinei takes a look at a potential boost for Greece as it gets funding to help with the refugee crisis that is further straining its budget. After, Trinity Chavez examines Germany’s quest to block Facebook from using WhatsApp user data.
After the break, Steve Hanke, professor of economics at Johns Hopkins University, tells Edward what he thinks of the Chinese Yuan’s inclusion in the IMF’s SDR basket, and what’s ahead for the future of US-UK trade. And finally, in The Big Deal, Manuel Rapalo breaks down the economic topics discussed in the third and final presidential debate between Hillary Clinton and Donald Trump.
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As the trade war rages on, China seems to have dug in for the long haul; Todd Horwitz of Bubba Trading and Tom Gandolfi of Three Bridges Financial join us to break down what we can expect going forward. Plus, it’s a tale of two outlook sin the auto industry as Ford was announced massive job cuts as auto tariffs have been delayed; Lauren Fix gets behind the wheel to guide us through all the latest news.
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Will the UK will lose its influence in the world if it leaves the European Union? That’s what President Obama is saying, in light of the potential for Britain to exit the EU by early as next year! In an interview with the BBC on Thursday, Obama said that the UK should stay in the EU to ensure its influence in the world. He also argued that it has made the world safer and more prosperous. Ameera David weighs in.
Then, Erin Ade is joined by Gary Leff – co-founder of Milepoint.com and blogger at “View from the Wing.” Gary tells us why limited service hotels have been on the rise over the past 10 years and gives us his take on how companies like Airbnb are changing the hotel industry.
After the break, Bianca Facchinei takes a look at a new bill proposed by Congressman John Mica (R-FL) that would decrease the cost of checked baggage fees to $4.50. It's a pretty bold move considering the airline industry made $38 billion off of the fees last year.
Afterwards, Ameera and Erin discuss how Anthem is buying rival Cigna for $52.3 billion – a deal that will create the largest US health insurer by membership and reshape the US healthcare insurance industry.
And in The Big Deal, Ameera and Edward Harrison talk about The Financial Times, Apple, and Amazon. Apple makes a huge profit but its stock sinks, while Amazon ekes out a much smaller profit and its stock price soars. Meanwhile the FT shows us how the world is becoming both more digital and more global.
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Puerto Rico avoided defaulting on Tuesday on a $355 million debt payment and US manufacturing contracted in November. Ameera David weighs in. Then, Edward Harrison is joined by Max Wolff – chief economist at Manhattan Venture Partners – to talk about retail sales and consumer spending.
After the break, Bianca Facchinei takes a look at more bad numbers coming out of Brazil. Afterwards, Ameera sits down with RT correspondent Alex Mihailovich to talk about Canada’s recession. And in The Big Deal, Ameera and Edward discuss oil.
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Rachel Weissman from Rebellion Research joins us from New York as she and Bart discuss the future of machine learning!
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The United States has made a major ruling on popular video-sharing app TikTok, a decision which will see further downloads of the application banned. We dive into the controversial ruling and what it means for the future of U.S.-China relations. Plus, we break down the space travel renaissance and how private firms are shaping the path of finances in the final frontier.
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