Transcripts For RT Boom Bust 20240713

More business more revenue that even up higher than amazon already. Well its hard for anybody to have a valuation is high as i was on i mean theres a lot of speculative money thats in that stock and im sure one of these days is coming back down to earth i just dont know when that is. So now peter lets go back on to the domestic front we have conflicting reports and sentiment yet again from china and the u. S. The mood in beijing right now is increasingly pessimistic as trump refused to scrap tariffs dampening hopes for a resolution the u. S. However seems more optimistic with the markets today and larry kudlow we had already yet again that they are getting close so why are we getting the conflicting reports here. Well 1st of all i think the chinese are actually posturing for a negotiation you know if youre negotiating with with somebody you dont want to admit that youre close to a deal you want to say that a deal is far away because that way you can try to extract more concessions from the other side to get a more favorable deal so i think when you hear the comments for china thats what the chinese are trying to do but i think trump has a different agenda i was in trump only cares about boosting the stock market and he knows that every time. He comes out and says that a deal is close we have a deal its going to be great he gets another 1200. 00 out points and so thats what he cares about and so as long as the market is going to keep running every time he cries wolf hes going to keep crying wolf what do you think about that but do you think thats true that this is just about boosting the market and ultimately is there ever going to be a quote unquote winner associated with this trade war anyways. First of all i dont believe that we all know the president wants the markets go higher but i dont think that hes using the china deal as a reason a puppet hire because typically get some bad news it flushes right down for a few months i was but i think one thing youre seeing here is that this is the markets are going higher because theres no place else to go with your money today if you want to get old you have to go to United States stock market so thats what youre seeing is this money chasing and chase and is the market overvalued probably will it sell off at some point it 100 percent will sell off heavily at some point but the question is is it tomorrow or is it a year from the morrow or 5 years we dont know when that sell is going to come we know its coming it always does its been the history of all markets that theres always a meltdown but again do we know what example we have no idea we have to continue to chase it up and thats what youre saying you may be seeing as they say the fools rush in right now maybe this is near the top but at the end of the day the markets go up until they dont and we just have to be prepared to sell you know as a trader at the repaired or sell it when its time to sell it and that wouldnt be until it started come down certainly you dont want to try to pick that up with bubba speaking of unsustainability here despite the trade to the downside the market continues to grind higher like were talking about but is this really due to trade optimism or is it more likely the fact that the fed and the e. C. B. They keep injecting these billions tens of billions of dollars in liquidity every single month which you know clearly is artificially boosting the market so how much longer can we sustain that. Well there thats why you right where you got it or is what. Is it from here peter that i was for you but go ahead get a yes as lays long as a market so i remain with free money is long as they continue to give it away you debts where the moneys going to go right i mean youre going to go to get the highest return the lowest borrowing cost of the highest return and that does this this liquidity issue is ridiculous ok because if you know negative rates and what theyre doing it is totally off course and of course the fed you know the manipulated the dollar and manipulated the rates forever and they have no idea what theyre doing with it i mean it is really a lack of common sense but at the end the day present trouble had to be right and they could lower rates here only because the old we could still borrow that money which is what were doing that were borrowing money we could brought a lot less the rate because were still at it 1. 00 full point earth there are 3 quarters were still the best game in town. The idea that that sentiment that right now theres nowhere else to for investors to pull but that Money Company u. S. Equity markets for the Precious Metals have been getting a lot of love too especially with palladium and find im leading the forefront instead of the regular gold. I disagree with that completely i think theres pretty much a lot of good places that you could put your money long term that are going to be much better than the u. S. Stock market i think u. S. Stock market is dramatically overvalued and the reason it is going up is because the Federal Reserve is creating money its doing q e 4. 00 but you know investors expect q. E. 4 to be like q e 3 but there was a big difference you see when the fed did q e 3 investors were still foolish enough to believe that that was the last time they were going to do it they actually bought the fed when the fed said that they had an exit strategy they were going to shrink their Balance Sheet they were going to normalize Interest Rates the markets were looking forward to that and they thought that what the fed was doing was working but it didnt work it was an abject failure thats why theyre doing it again but soon the markets are going to discover that q. E. Is permanent and that theres never going to be a real reduction in the Balance Sheet the Balance Sheet is going to grow in perpetuity and i think were going to have a dollar crisis i think were going to have a sovereign debt crisis i think this is going to end very poorly for people who have been enjoying the paper gains in this stock market bubble and i think the smart money is already out but if youre if youre if youre in you need to get out and look at other stock markets that will benefit from the dollars demise and that will benefit when money is allocated out of u. S. Assets to assets in other parts of the world and yes you mentioned Precious Metals gold is a much better place of the u. S. Stock market i know that gold has been outperforming the stock market over the last 510 years but it hasnt been outperforming gold since the beginning of the millennium you know gold is doing better than the dow if you start in 2000 but i do think over the next 5 to 10 years the price of gold is going to dramatically outperform the dow and paid a big unless there was a meeting monday between. President and the fed chair powell now trump is known to attack and disparage powell for not doing more to stimulate the economy for not dropping rates negative and so right now are we seeing the independence of the fed in question and that can rely on the fed now as a backstop in a trade war with china. Well ive questioned the independence of the fed for a long time in fact i think these dependence is really just a smokescreen i think the fed has been working hand in glove with congress and president s for decades and i think that is continuing now under trump that is why the fed is cutting rates that is why the fed is doing q. E. But its not really stimulating the economy its stimulating the bubble thats all thats happening and donald trump was correct when he criticized janet yellen for pursuing these tactics when obama was president and now hes applauding or actually still criticizing powell for not doing enough he wants negative rates he wants even bigger q. E. Because he doesnt care about the u. S. Economy all of this is counterproductive if you care about the u. S. Economy all he wants is to make the numbers look better he wants to get the stock market to go up so we can claim that that proves that he has a successful presidency but the reason the fed is pursuing these policies is because his presidency is that big a failure as obamas and get your last word on this because were almost out of time but what are your thoughts on that because obviously connecting not only the fed to Interest Rates and and the printing of money but also to unemployment the fact that they have this dual mandate that really doesnt seem to be under their purview does that muddy the water even more. There are many as opposed to be for ever the fed is stayed away from what the real mandate is forever they theyre worried about a number of things that dont make sense and are probably not totally legit is what theyve done but they do in many ways because they do have congress but again one thing is to peters point the overall the best investment last 100 years by the u. S. Equity market you can say whatever you want about the bubble and theyre going to collapse. But the best address from 150 years is when the u. S. Equity market continues to be the boss and eventually it will soften a break and will be time to maybe run somewhere else but for now theres my using the computer chases market up thats all the time we have now todd horrors of a trading peter chef of europe us of a capital thank you. If you. Are the c. E. O. Of team mobile john leisure will be stepping down next year unless you will be replaced by the current t. Mobile president c. E. O. Mike severed the news isnt exactly shocking several was already expected to take over after team mobiles 26000000000. 00 other merger with sprint is complete leisure to go over to mobile in 2012 making aggressive moves including being the 1st to offer unlimited data plans and paying early termination fees on behalf of customers who would switch over from. By the way everybody has copied him since then so the question now is this where is leisure heading just last week it was reported that he was approached by softening to take over as the c. E. O. Of we work but only a few days later ledger said that he is not interested and that he was never in talks to take over we work. Air b. N. B. Has close to 500000000. 00 deal to partner with the International Olympic committee to sponsor 5 olympics and paralympics over the next 9 years that includes the upcoming 2020 Tokyo Olympics all the way through the 2028 l. A. Olympics the i. O. C. President says that the deal will not replace the Olympic Village where all the athletes from around the world stay but instead will guarantee accommodations for families of athletes visitors and officials one of the goals of their agenda is to make the Olympic Games more feasible and more sustainable there the partnership will greatly help because it will provide a combination that will greatly reduce the costs for the Olympic Games organizers and all the stakeholders the total list for cities for upcoming Olympic Games include tokyo beijing paris milan and los angeles who are all major rental hotspots for air b. N. B. And so what do you think about that i mean obviously its seems like its a little bit of a forward thought for the olympics to say well lets connect ourselves in this way but they do want to retain the Olympic Village so theyre not all the other b. B. No and now the biggest question is how is air b. N. B. Going to manage all of this because theyve already previously had problems and losses concerning with parties in their house should any of the lyrics are going to be the Biggest Party of them all so how are the hosts going to manage all of this rioting essential a go and then the very thing he is obviously when youre in a city like tokyo or beijing or even los angeles right air b. N. B. It can be spread out all throughout the city so do you have centralized locations that are close enough or people having to commute from pretty far distances and i guess that might just be the case regardless of where you are when youre out in the Olympic Event not to mention now at these high profile events safety is going to be a major issue that air b. N. B. Going to consider that safeway safety and privacy rights by the way the last ago we just did they were talking about storing value and all that nobody even bothered to mention cryptocurrency which maybe they should have by the way speaking of which after the break crypto its known as banking for the unbaked right but where do crypto firms go when their business is needed but sometimes you do you can for a promise is that theyre going to be just that were going to tell you how it works and why that company sees a Bright Future for the sector. Plus the Us Supreme Court is looking at a case involving google and oracle and it could have enormous implications for copyright law whether existing software can be used to build new computer programs well break it down and as we go to break here are the numbers of the quote. Is youll be via reflection of reality. In a world transformed. What will make you feel safe. Isolation community. Are you going the right way or are you being so. Direct. What is true what is right. In the world corrupted you need to descend. To join us in the depths. Or a maybe in the shallowness. Of the tense situation in venezuela is still all over the news the problem in venezuela is not that socialism has been poorly implemented but that socialism has been faced only templeman from the inside venezuela things were different were going to announce sanctions against petroleum to venezuela associated. Famously have a supplement to for the tempest and political battle so on the campaign of the moment the focus of the who story isnt new nixon called in Henry Kissinger to tell him that it would not be tolerated that in latin america an alternative economic and social system could take hold and therefore the policy would be to make. The chilean economy scream so wants to make the economy of venezuela screed. So what weve got to do is identify the threats that we have its crazy to confront a shouldnt let it be an arms race in this on offense very dramatic developments only really going to exist i dont see how that strategy will be successful very critical time to sit down and talk. So no as shocking headline but the u. S. Banking system has never been a fan of cryptocurrency s. And for businesses that work in the crypto industry finding Banking Services has always been a challenge but now there is a new option for Banking Services for the crypto industry coming here to the u. S. Its u. K. Based d cash which describes itself as a Banking Service platform and its about to launch Bank Accounts for crypto firms in the u. S. Earlier this year r. T. Producer brigid war spoke with kumar garage of about cash and the Business Opportunity of providing banking to crypto firms that have been shunned by traditional banking and what figured out that its not like all the banks does not to want to give a construct to companies its just theyre not ready for that so the point here is that these banks have really want to go ahead and take also try these new technologies the problem is they cannot do the existing one of the. Yeah and by the way banks do not want to work with Crypto Companies because their competition cash is new service is a partnership with metropolitan commercial bank that bank has said that working with crypto firms has brought more than a 300 percent increase year over year in the banks non interest income. The metropolitan commercial bank has been in partnership with multiple Capital Currencies arm in addition to that theyve been in partnership with pay bases around for cryptocurrency credit card as well as the new one minera that has Just Launched in the u. K. As well yeah you know its look i think its great that theyre doing this but the idea that banks are only doing it because they just dont understand is not true that if youre if youre a bank you control finance across the board they hate the idea of losing the swift system they hate the idea of anyone being able to go around them remember the original calling the original white paper for big koreans describe it as removing the Banking System upset in it and moving the peer to peer transactions and so why would beings like anything that disrupts their Business Model this is absolutely perfect for every single segment that the bank currently considers a high risk segment that includes everything from the thing to porn to cannabis to all those sectors that the banks currently refuse to work with its called opportunity my friend. For the United States of. The United States Supreme Court has agreed to hear googles appeal of a controversial ruling that many experts believe is detrimental to the Software Industry the case enters on who has the right to use complex Software Programs that were once considered open for everyone to use legal journalist martin contributor with americas lawyer joins us now with more on why this case matters. This is a big deal so what is the ruling that google once the Supreme Court overturned. It is a big deal and i have learned a lot about software today so in 2004. Routine the federal Circuit Appeals Court offended a longstanding belief that no one could use copyright law to restrict the use of application programming interface or a. P. I. Thats essentially the glue that holds complex Software Systems together Building Block a few well but all that changed when the federal Circuit Appeals Court ruled that a. P. I. Has can be copyrighted and google has violated oracles copyright by reimplementing a. P. I. As from their java programming language oracle sued google for infringing its copyrights when google created an independent in full implementation of that program and the case has been working its way through the courts ever sense with the federal Circuit Court issuing a 2nd controversial ruling in 2018 related to the same case which basically said Software Developers are not free to use existing Software Interfaces to build new computer programs and that google in fact was not free to use the java a. P. I. Back in january google asked the Supreme Court to overturn that controversial ruling and this week the high court agreed to hear the case but we dont know exactly when that will happen yet so why the scholars right now think that the federal circuits ruling the decremental. Well it goes back to simple communication really some experts including Public Interest groups and Software Companies will never have weighed in on the case saying the decision has far reaching implications that threaten what they call the interconnected Software Ecosystem in other words the Software Programs need to be able to communicate with each other theyre very similar in a lot of ways and many ways that they communicate are basic Building Blocks so in order to be efficient they want to be able to to use these programs and using similar a. P. s can do that so this ruling has created some uncertainty as well about how the law will be applied in the future if youre developing a Software Program how do you make sure youre not going to get sued if it looks something similar if youve you know accused of ripping off someone elses program so legal scholars say that its a dream for also needs to weigh in on this to create a uniform Legal Standard because if they dont it could cause some legal chaos yet. Obviously it makes sense you dont want everyone building in silos because as you said the. Software cant talk to each other and then always obviously theres one you know a position of open Source Software where everyone is kind of sharing its not like google could pay kind of a royalty in order to use java they just choose not to do that is there any case law that backs up googles position that ultimately says we dont have to pay for this because unlike basically every other industry in the world this one is the exception. Right necessarily what google is saying and theres a fundamental principle of copyright law that said its the protection of creative works but it does not extend ideas procedures processes methods of operation things like thats why news operations can bounce off somebody elses new step they just have to do their own work to look into it so in the early 1990 s. One company lotus suit another Company Borland for allegedly ripping off some of their software and the 1st Circuit Court of appeals ruled with borland saying that they didnt that the Software Structure was a method of operation and outside of copyright protection so google is arguing that same logic can be applied to this dispute with oracle while liberals contributor to americas lawyer great stuff thanks for your insight. Kylie jenner the baby of the cardassian general clan is selling a majority stake in our beauty business Kylie Cosmetics kodi inc one of the Worlds Largest Beauty Companies and the largest Fragrance Companies with brands including rim all o. P. M. Marc jacobs and moore has agreed to pay 600000000. 00 for a 51 percent stake value the company at 1200000000. 00 cody who is sales based on covergirl max factor has been on the decline as it struggles to appeal to the younger demographic will be relying heavily on kylie and her 150000000 followers to lead its creative efforts and communication for kylie this will allow the brand to expand globally and enter new categories outside of the cosmetics kylie still maintains control of kylie skin her skin care line and kylie hair her line of Hair Extensions she also filed for 16 new trademarks back in may including kylie baby and the use of kylie for spirits liquors wine cocktail mixes nonalcoholic cocktails basis Energy Drinks beers and smoothies this application also extends to restaurants bars and cocktail lounges in addition to booze the 21 year old billionaire is also applying her name across furniture Home Accessories and cookware the undisputed queen of trademarks is now trying to trademark the catch phrase rise and shine from her viral to top videos in order to launch a line of hoodies and merchandise but unfortunately that did not force it was the neither good copyright the phrase rise and shine which people have been saying for what 200 years the part of the problem is that a lot of times these like influencers want to pick something that is commonly used and they forget that with trademark and copyright law if its commonly used you can suddenly decide that youre the coolest one saying that therefore belongs there was also someone who tried to trademark taco tuesdays as well that was me i confess no i really wasnt but you know what im saying is you just cant do that on the other hand kudos to covet your i mean shes making so much money shes even know what to do with it and thats saying a lot for her dashing because they just seem to turn everything into money i know 16 more appliances trademarks coming up its like living in ca. World that by this time you can catch boom bust on directv channel 321 dish network out to 80000 by 7 am but it may be the free t. V. Ad how to i mean 9 i was sure this was christies world and we all just live in it you can also have a little bit you tube dot com slash movie bust r d c tomorrow. Is a tense situation in venezuela is still a little over the news the problem in venezuela is not that socialism has been poorly implemented but that socialism has been phased only implemented for inside venezuela things look different were going to announce sanctions against petroleum to venezuela associate. Famously have a son of the moment believe that empathy and that sort of polling data to see on the path to. The moment the focus of the hose story is a new nixon hold in Henry Kissinger to tell him that it would not be tolerated that in latin america an alternative economic and social system could take hold and therefore the policy would be to make the chilean economy scream so once in a major leak on the of venezuela screed. You know world big partisan movies. And conspiracy its time to wake up to dig deeper to hit the stories that Mainstream Media refuses to tell more than ever we need to be smarter we need to stop slamming the door on the bath and shouting past each other its time for Critical Thinking its time to fight for the middle for the truth the time is now for watching closely watching the hawks. Happen and in another one of. The ways or both the food. Bank itself nor the see it on the plaza in this way got to talk so hard not to think im going to decide this moment then walk up to a power and i know this time right then if. This is the only thing that we do is music because everybody fights aint his way. Through luke and the fee is worthless woody allen read the whole movie even at the time of. What i think is this is the fund that is a complete. Thought. There was an imaginary ghost then an enemy out there called the russia during the russia gate hoax meanwhile huawei and other 5 key technologies coming out of china and other technology of china time is actually leapfrogging ahead of the us economically and now be is be their be their currency war so now that whole period of focusing on russia it would be is just a waste of time we should be focusing on the actual rival americas very dominant in the us now is the time to. Put themselves on the line to get accepted or rejected. So when you when the president. Wanted. To go on to be cross with the white woman for 3 of them or cant be good. Im interested in the waters of. Course. Im going to fulfill that purpose is open to the people i promise to be you know weve all but its been. Pretty. Pretty good. Now you want to. Know. Big. They. Are coming coming coming. Yeah the belong to me soon enough to stop the some of the most needy and put a monument to you stuck in the middle of the screen because lucy disconnects he thought the. Fish are good for him for much is the deal for normal which. Donna suspects in londons of the. To be sure message to. The infant daughter one who became not to know the little. Talk with. Carnival the so much of the body. Swedish prosecutors dropped a 20 ton rape case against julian songe after admitting they lacked enough strong evidence to charge the wiki leaks cofounder. Plus u. S. Secretary of state mike announces new sanctions on iran and rams home his support for the ongoing mass rallies in the country around his back by accusing america of destroying its economy and citing riders. United states will terminate the sanctions waiver related to the Nuclear Facility at fordo we dont expect anything else from mr compared to disgrace he defends the much more pressure regime and imposition of sanctions on iran. And a major policy overhaul the us causes outrage by declaring that it no longer views israeli settlements in the occupied west bank as illegal. The