In washington coming up in the state has the right to do with europes Energy Policy we wrote this also will not work lawmakers in the United States are ramping up their threats against the north stream 2 pipelines straight ahead well look into the tensions and what germany is looking to do about the claims from the u. S. And in the wake of the copen 1000 pandemic states are seeking billions from opioid manufacturers for their role in another Public Health crisis well dive into the details of a packed show today so lets get to it. And threats continue over the construction of the controversial nord stream to pipeline for years now the u. S. Has been trying to block the 760 mile pipeline the north stream to oh and by Russian Energy giant gazprom will carry natural gas from russia to germany now in recent weeks 3 u. S. Senators have threatened crushing legal and economic sanctions a threat the German Foreign minister rejected last week. Relationship with the United States goes deeper than just day to Day Development yet we must make it very clear the tensions between partners are definitely the wrong way and ultimately it remains our sovereign decision where we get our energy from no state has the right to dictate europes Energy Policy we wrote and this also will not work now german lawmakers are considering bringing the United Nations in over these sanctions saying the u. S. Pressure runs contrary to International Law arties peter oliver has the details from berlin. The chairman of the German Bundestag Committee for Economic Affairs an energy has told me that it will fight us attempts to stop the nord stream to gas pipeline at every turn and we should let the americans understand that if they continue this kind of behavior it will cause economic damage that is why i advise imposing punitive tariffs on american liquefied guess and under certain conditions even embargo on american guess the americans the same way they want to hit us 24. 00 of the 27. 00 Member States voiced their concerns to the u. S. State department after the United States embassy in berlin issued a statement saying they would act to counter what it sees as russian dominance of european gas markets the United States must act to address the threat to our National Security and Foreign Policy interests the reality could well be a deceived threat to economic interests a group of republican senators from oil and gas states led by texas is ted cruz have pushed the sanctions they want to sell europe liquefied natural gas which is far more expensive than gas pipe direct from russia into germany the states say the sanctions are designed to target Companies Engaged in legitimate business the e. U. Considers the extraterritorial use of sanctions as a breach of International Law the new pipe. And which will add to the already existing note stream one running under the baltic sea is set to start operations in early 2021 peter all of a foot boom bust in berlin. For more on this lets go ahead and bring in professor bilham and senior fellow at the Kleinman Center for Energy Policy at the university of pennsylvania thank you so much for being here professor how to mint i want to start with a little background here where did this dispute over the north stream to pipe i have start as an onlooker what role does the u. S. Have in delivering gas from russia to germany. Thanks friends pleasure to be here again and this is the 1st snow to streamline began as an idea in the late 1990 s. And that was just kind of a commercial deal and move forward you may recall if you go back to Ronald Reagan years there was serious concern at that time that any serious supply coming into western germany or western europe from russia but that. If she disappeared over time and so the nerd stream one went through pretty smoothly of course as an extreme shooting started i guess around 2011 and. It was. Initiated without much controversy but of course one scene. The invasion of ukraine and the cut off of ukrainian supplies through the line ukraines response and taking gas out of the transit line created a whole new level of controversy about what goes on there and that has led to this point basically the. U. S. Senators want to take as stern position. This connection the connection does. In Eastern Europe in ways that dont seem to. Influence western europe the way they did in the past. Basically in us continues to push theyre trying to use the sanctions weapon yet again and. Western allies arent that. Happy about this obviously as your introduction showed that now why is russia the preferred supplier for germany is it all about the price of natural gas coming from russia. Well you know trysts is an interesting factor here because europes always said that theyd like to diversify their supplies but then never prepared to pay any bonus for that diversity and so that does lead to the russian in more region gas being fired on suppliers and any l. N. G. Will have a difficult time competing in and try since but i think europe would like to always have the threat part if they get a good price around from gas is that theres the alternative of low cost l n g coming in from the us but the reality is the marginal costs of supplying l. N. G. To western europe can never compete if you will on the variable cost and we mean this stuff compared to and russia where you know its just a neighbor and of course its in germany in this case its out of all and nastiness its dealing with transit countries whether theyre. Ukraine and belarus and cetera or poland they can have a direct relationship with its russian and of course they have a very special relationship with chancellor former chancellor schroeder to be. The head of the one string now what is the alternative if this project were not to be finished obviously were pretty close to it being finished but would germany face an Energy Crisis and who would fill that void for energy in germany would it be the us alan g. They would have to basically build the infrastructure to do that or what are we seeing there. I dont think theres much of a concern about the supply being out of quit germany is thinking now that its a way to do that bridging from the arab and the. Nuclear and their intent to bending coal but the coal why that transistor works very well and so germany actually has higher emissions now than when they started their transition so they gas had roughly half the Carbon Emissions that coal fired electricity so its a good way its basically out of the u. S. Overall emissions from electricity has been a shift from coal to gas and that that transition does help but i think most of the issues here are about on National Sovereignty and kind of evidence of. The relation ship between United States and western european allies. As. Much thats been more chaotic situation and obviously thats a huge discussion that we have to save for a later date senior fellow at the Climate Center for Energy Policy at the university of pennsylvania bill how do we thank you so much for letting your expertise. Here very well content to chair. The equities the s. And p. Hit a new intraday record high tuesday making it the 3rd fastest rally to recoup all of that it will last but the rally has been very even with the bulk of the heavy lifting being done by the 5 big mega cap tech names though sectors that are leading this rally include tack as we just mentioned up 12 percent consumer discretionary. Communication Services Health care legging or industrials banks which are down 28 Percent Energy which is still down 31 percent so impact this would bring bring in teach us cohost christiane to discuss where things chrystia want to start obviously 1st of all its a big retail earnings week and walmart just posted one of its best quarters ever but the stock is trading down whats going on there well you kind of got to remember that the market is always forward looking and earnings week is kind of like lining up the craps table to see if you passed or you didnt past afterwards you just clear and reset because all of that is done and its historical and you have to look ahead to the next quarter which is exactly what happened here walmart had a big run up into earnings they were big earnings and on expectations they were up like almost 6 percent before falling back down so they posted their biggest earnings surprise in 31 years tuesday as the online sales nearly doubled during the pandemic as well as same store sales that also climbed to 9. 3 percent and surged as walmart supplied customers with food and other staple consumer goods during the entire pandemic season so looking forward however walmart plans to launch a Membership Service that will help speed up deliveries in local pick ups this is going to be called walmart plus which is expected to compete with amazon prime now however managing their supply chain continues to be a big issue for walmart as they reiterated on their Conference Call as it still struggles to keep certain items in demand in stock so walmart still did not provide any sort of Financial Outlook for the rest of the year as the outlook continues to be uncertain many factors still remain in limbo such as additional government stimulus Consumer Confidence and the length of the pandemic additional government stimulus is actually going to be a big boost to walmart as most of the paychecks are spent for these certain certain consumer durable goods so while walmart performed beautifully this last quarter its more looking guidance is not reassuring and its messaging was not beat. Leading to the downtick today as traders are now positioning for the future with retail cold is actually trading down 16 percent after posting a smaller than expected loss shares of the company have more than been value this year is kohls in trouble so as much as management tries to spin the message optimistically the numbers dont lie and the trend is that these stores such as kohls j. C. Penneys pier one imports and more theyre hurting right now and the bleeding isnt going to stop anytime soon the u. S. Department store sector has been struggling to boost sales even before this entire pandemic even started and they had just havent been able to keep up with the online centric off brand kind of big box retailers so while online sales at coles that increased 58 percent which was very healthy in the quarter it introduced curbside pick up but the margins then got squeezed leading to higher than expected shipping costs for them so now looking ahead to the all important Holiday Season as well as the back to School Season those are 2 of the most important periods for these retailers the rhetoric continues to remain very grim as management reported that right now back to School Season has barely gotten off to a star and it still remains a very very slow because all the schools they dont know if theyre going to remain open are not Holiday Spending will most likely be very soft as disposable income for consumers still remain very tight so as a current reality drags on the industry strongest retailers theyre getting stronger as they scoop up Additional Market share and lost customers with bigger discounts and more incentives better shipping discounts while the weaker retailers theyre left and even worse off the distance simply because theyre unable to compete with all these incentives and these instant delivery that all these consumers now have come to expect the entire sector has changed so more than 41 retailers have now filed for bankruptcy in 2020 and that means about 6000 stores have actually closed between them so kohls is struggling to turn the ship around at this point so is this really all about. Ecommerce because what you said the Department Stores kohls they have Online Platforms theyve been able to sell during the pandemic but in reality they dont have the infrastructure built like an amazon or a walmart to be able to sustain that exactly and walmart really invested very heavily in their infrastructure about 2 years ago and that is well allow them to turn their ship around during this pandemic so unlike unlike coles actually they introduce Curbside Pickup and they try to struggle to turn consumers on to Online Shopping theyre shipping delivery rates theyre shipping costs there and sometimes they just werent able to compete with a lot of the big box retailers. Christiane thank you so much for your insight. And time now for a quick break here because when we return in the wake of the coppa 960 billions from opioid manufacturers for their role in another Public Health crisis were going to dig into the details as we go to break here the numbers at the close. In. The world is driven by dreamers shaped by those. We. Ask. An entire village in alaska. If another country threaten the wife of an american town. We do everything in our power to protect the. Water then escaping Climate Change poses the same threat right now alaska has seem some of the fuss just coastal erosion in the world we lost about 30 feet. 35 feet of ground in just about 3 months while we were measuring. Is fast paced the river is 30 closers the power. Was 4 i dont think we were part of the 1st from. Seemed wrong but. Just dont call. Me. Yet to shape out this day. And engagement equals betrayal. When so many find themselves worlds apart we choose to look for common ground. And welcome back as the world as though it clips 22000000 cases of cope 19 representatives from the World Health Organization are warning against the hopes of herd immunity stopping transmission of the virus mike ryan executive director for the w h os Health Emergencies program spoke about the situation today in geneva. But lets hope we can say with certainty this. Global population. To. Meet if you will. And we need to see what we can actually do you know this transmission a month living whole alternative media. Like that is not a solution and its all the solution we should be looking to so with this in mind lets take another look at the trends and spread of the virus globally with r. T. Correspondent side tablature sorry were we to say so brian the number of people diagnosed with cobra 19 around the world now exceeds 22000000 cases and more than 780000 people have died now meanwhile nearly 14800000 people have recovered from the disease so 60 percent have recovered meanwhile in the u. S. The cases are nearing 6000000 with the deaths almost a 175000 now lets take a look in where the cases are actually growing in the u. S. And where there are falling so heres some of the most significant changes. The 7 day average of nearly reported cases actually falls to below 50000. 00 for the 1st time in nearly a month the u. S. A reported about 35000. 00 and new cases on a monday bring in this average over the past 7 days to 49130 do so thats 10 percent down compared to a week ago and to go back to my 1st point so lets take a look on where the cases are actually growing and where theyre falling in the u. S. So here are some of the most significant changes to the 3 hotspots states that have been constantly breaking records with a new case numbers are now actually seeing their 7 day average go down compared to last week so thats really good news there is ara zone of that seeing a 22 percent deet. Crease in case says now texas has a 12 percent decrease from last week meanwhile florida has a 11 percent drop then there is more significant drops in cases there is louisiana that has a 46 percent decrease from last week meanwhile arkansas has 57 percent decrease from last week so thats all good news here in the us meanwhile states not doing well and seeing an increase in cases there is california here in orange that now is has a 50 percent increase in new cases then moving over to the east coast there is Delaware Delaware is seeing a 83 percent increase from last week then there was vermont to with a 70 percent increase meanwhile maine but constantly made the news about having such a low cases now is seeing a 50 percent increase so those are the states that were watching them to be reporting on ground and sorry were seeing a lot of attention paid to europe and the americas but whats happening in the middle east in africa. Some countries are obviously doing a better than others for example algeria has over 39000 cases now meanwhile libya they have over 8500 cases now egypt on the other hand has over 96000 cases not turkey with a population of 84000000 and has over 251000 cases now in iraq with a population of 40000000 so almost the same as algeria that has 39000 cases remember iraq has 184000 cases now saudi arabia on there are the hand that has about a 3rd of egypts spy religion member egypt had 96000 cases a 3rd of a 3rd of saudi arabias population meanwhile saudi arabia has over 300 and. 1000 cases lastly iran is doing the worst in the middle east they have almost 350000 cases now theyre not doing badly just cases but also deaths there this have near 20000 while medical experts also think that number could be a lot higher brand r. T. Correspondent saya tatar thanks for keeping us up to date. And Enterprise Software giant oracle has entered the fray as a possible buyer of social media app tictacs us Canada Australia and new zealand operations according to people familiar with the situation the company is working with a group of u. S. Investors that are already own a stake in the apps owner by dance including General Atlantic and Sequoia Capital according to the sources microsoft has been the most likely to buy tick tock after president trouble vowed to ban the app in the u. S. Unless an American Company can purchase it by mid November Twitter had also held early stage talks to buy the operations but people familiar with the negotiations said there were concerns over whether they could get together enough capital to make the deal. And following a move by the u. S. Commerce department on monday to impose new sanctions restricting any foreign Semiconductor Manufacturers from selling chips made using u. S. Technology to walk away without a special license the Chinese Foreign ministry of Foreign Affairs continued its full throated rebuttal of Government Action against chinese tech companies. So its also really true that the us has done has completely the big leaf of them are going to qana me and fair competition principles of the u. S. Has advocated violating International Trade rules when undermining the Global Industrial chain supply chain and value chain it will inevitably damage u. S. National interests and its own image we believe that we urge the u. S. To immediately correct its mistakes stop youll entering china and stop suppressing u. S. Companies the Chinese Government will continue to take necessary measures to safeguard the legitimate rights and interests. This company was. In the medical and pharmaceutical world cup at 19 is virtually the only discussion in america and theres been almost no discussion of another major issue opioids now americas opiate crisis is back in the headlines as states are asking for around 26400000000. 00 for major pharmaceutical industry players to help pay for damage created by the Opioid Crisis the lawsuits against big pharma are staggering considering that nearly every state hundreds of municipalities and native american tribes claim that the opioid manufacturers have cost the American Economy 2. 00 trillion dollars joining us now to discuss this bill but its an investigative journalist ben swan better want to start with who is suing because as i said the numbers of states municipalities who are following suit here are staggering. Yet really is that were talking about 3003000 states which as you said is virtually every state in the country were talking about thousands of minas apologies from cities to counties and then were talking about native american tribes they are collectively suing innocently what theyre doing is suing up and down the supply chain for opioids essentially saying that these companies the pharmaceutical companies failed to adequately flag certain orders of these opioids that then were moved off and diverted into areas they were not supposed to be and misused essentially abuse so the claim is pharmaceutical companies knew that their supply chain was broken along the way and that really groups were taking these opioids and mishandling them and selling them to the public in ways that they shouldnt be and yet they kept pumping them out and producing them thats the claim here so lets talk about the ask because dates are asking for 26400000000. 00 from companies who are they actually targeting in this situation. Yeah its really 3 Big Companies one is the Mckesson CorporationAmerisource Bergen corporation Cardinal Health and then of course the big one is johnson and johnson so those are the companies that are really being targeted again these are the major producers of opioids they say that they did not protect the supply chain and now ben as you know many of these huge cases call for precedent is there already precedent that states are using it as a jumping off point in about 30 seconds left yeah there really is about 465000000. 00 in a verdict against johnson and johnson is the one trial thats taken place so a verdict against johnson and johnson in oklahoma nearly half a 1000000000. 00 already which means that opens the floodgates as you know all of a sudden you have the opportunity for these states municipalities and native american tribes to come in and say will they get half a 1000000000. 00 in oklahoma and the rest of the country was hit as well they think that 26260000000. 00 is the minimum that these companies should be paying and we know this is something that our friends at americas lawyer have been covering extensively boom bust cohost ben swan thanks for breaking it down. You got it. And thats it for this time you can catch boom bust on demand on the brand new portable t. V. App which is available on smartphones or tablets through google play in the Apple App Store by searching portable t. V. Portable t. V. Can also be downloaded on newer models Samsung Smart t. V. s as well as roku devices or you can simply check it out at horrible dot t. V. Well see you next time. So what weve got to do is identify the threats that we have its crazy to confront cation let it be an arms race based on all sounds very Dramatic Development is only going to resist i dont see her. How that strategy will be successful very critical of the i am time to sit down and talk. In front of. A few of. Us can last a moment last chance and ask for the last company and seeing and on the day today for the match Promotion Commission soon. Branching shift. Does come in the. Coming out. Legion mom. And i know you are so set on the open in much the same mamma says that our yanno. Rival rallies are held and the fallout from the countrys election continues while crowds call for the president s resignation many are voicing alarm over the. Situation in the country its very serious to me if im out here for the president i stand fear for the. President. The leaders of france and germany reach out to president putin to discuss the situation in russia has called on all countries to avoid interfering in the crisis. The u. S. Senate Intelligence Committee releases the conclusion to its report accusing. Personally. The Democratic Party back in 2016 uses