In the hot seat as the firm faces claims of Racial Discrimination well bring you up to speed on the latest lawsuits plus as the world handles dueling crises of the coronavirus and Global Economic slowdown greece and turkey have opened a new front for concern as tensions are high in the mediterranean with a packed show today so lets dive right in. And we lead the program with positive data out of europes largest economy in the German Government said tuesday their coverage is going better than expected issuing an upward revision of its Economic Forecast for 2020 german economic minister peter all meyer said tuesday the country is dealing with a v. Shaped of development. The recession in the 1st half of the year was less severe than we had and the upturn after the low and the peak of the restrictions has been faster and more dynamic than we had. However it is true that we are over the worst since may we have a significant recovery in the economy and in services in trade and industry we expect the recovery effort to continue for the rest of the year. Germany is now predicting a contraction in Gross Domestic Product of 5. 8 percent rather than the forecast of 6. 3 percent anticipated in late april the government also expects growth of 4. 4 percent in 2021 meanwhile inflation in the euro zone turned negative in august for the 1st time since 2016 annual inflation for euro zone countries fell to minus point 2 percent in august from point 4 percent in july reported number is far less than the European Central banks target of just under 2 percent so with all this in mind lets go ahead and take a look at the state of the Global Economy and whats moving markets today with Todd Horowitz chief strategist at bubba trading and octavio c. E. O. Of optimists l. L. C. Thank you both for being here today octavia i want to start with you here i want to get your take on this Economic Data that we just talked about what do you make of this possible v. Shaped recovery in germany and with the rest of the eurozone facing inflation issues well off the e. C. B. As targets do you see the central bank injecting more stimulus to get things rolling. Well i think the projections coming from germany are new to the optimistic original the germans of being so minus the optimistic typically now their projections are predication quite a few things 1st of all theyre saying were not going to have further lock sounds and which means theres not going to be further outbreaks of covert im not quite sure how theyre able to make those projections i think the balance the risk in many European Countries right now looks as if theyre there are going to be through the lockdowns theyre certainly were looking at in france in the u. K. At least as big travel restrictions in place i dont think i share his optimism as a seller and bear in mind the German Economy is a very export driven economy so things might be great in germany but if theyre out of the rest of the europe and the rich and the rest of the world its not going to translate into much economic success for germany so i think theyre being rather optimistic on the v. Shaped recovery im not sure how likely that is to happen if everything falls into place perfectly fine but thats a fairly bold projection to make at this stage in terms of questions on the e. C. B. Yes were now seeing deflation in the euro zone at the e. C. B. Is of course concerned about of their philosophy is the more inflation or sort of moderate inflation is very good i dont necessary agree with and subscribe to that that is their economics or thought but. With negative inflation are they really asking for what else can we do in terms of mundra policy it does seem that theyve thrown everything in the market including the kitchen sink yields on euro aaa bonds a negative way out to 20 years which seems and certainty is unclear what else they could do they can buy up more and more bad debt and junk bonds and things of that sort if theyd like to do that and try to drive the Interest Rates down in the broader range of instruments and go all the way down out of the yield curve and go all the way into lower rated debts to achieve that but so far it hasnt worked in the real issue is that people feel uncertain so theyre hoarding cash theyre not spending money to keep more cash reserves and thats going to keep the demand for money up and keep is that you are this. Same djs things will go in and well see more inflation i did as much the easy can do it the moment we need. People soft and you get it now but i want to stick with this whole central bank idea here the feds vice chairman Richard Clarissa said monday Interest Rates arent going to rise just because unemployment is falling this comes as some analysts are actually saying Interest Rates could stay near 0 for 5 years or more and i know youre not a big fan of the central bank here but what are the concerns with keeping these rates low for an extended period of time. Bro verse of ought to know how they can do so theres a huge demand for money at these lower rates banks do not want to lend to these raids except they did get the one free pass from the Federal Reserve saying good law and there is no more restriction you have no more you know 10 to one loan whatever you want i mean this is so ridiculous that its bear are saying and of course you can throw the e. C. B. In there but nobody learned from the japan Central Banks that have been struggling in this whole mess since 9090 so 30 years later were still dealing with the same issues so you can see that their policies do not work theres only one way to work markets correctly and let them to trade freely and let them make the market and price the Asset Classes themselves and they will do just fine and you will take care of the weak business will be knocked out the strong will to survive and we will move on and instead of having these phony artificial bubbles which are sitting right now here in the United States i guess it doesnt matter why but we continue to go up every single day and this is the only place right now in the world that money is pouring into like they were giving it away we all know that at the end of the day this will end oddly but in the meantime thats the way it is i want to talk a little bit about oil oil prices are on the rise again on the back of some production cuts by Abu Dhabi National oil company to fall in line with opec plus cuts as well as the weakening dollar now is oil actually making a comeback after being pummeled by the pandemic or is it still really too early to tell. Brown i think is way too early to tell whats going to buy the oil i mean look if the economy stays open and there is no further issues and the demand picks back up i think of oil will be fine i dont ever see it going way up in the hundreds again i mean to me would be 50 or 60. 00 at tops and i get i could be wrong there but at the end of the day i dont see. I huge demand nor do i see oil taking off again i think again those things are to believe prompted by artificial bubbles that push prices to ridiculous levels which is exactly what have been oil in 0809 and of course a couple of times subsequently but overall i mean there cant be demand for oil but there can be plenty produced throughout the world and all we need is a reasonable price and the frac errors here will get those those rigs back an operation and again whatever that number is we will be in perfect shape but i dont see a monster move in our oil and any circumstance and i want to talk a little bit about equities and there is a big one today as elon musks tesco of course that completed a 5. 00 to 1. 00 stock split on monday making their shares much more affordable causing a surge on monday although the prices kind of leveled out tuesday but trying to capitalize on this move test also announced it would sell 5000000000. 00 in new stock whats your analysis on this move. While a limb is a puzzle a stock split doesnt change anything fundamentally for the company theyre not going to sell more because it has the explicit theyre not going to reduce or expenses the business those but nothing is nothing about the company has changed as true that some people who couldnt afford the 2500. 00 price tag of the soul before now can afford to buy a stock of 477. 00 sure but if if your that stage is not limbs investing i dont know if the stock market is the best place for you if youre going to go for 150 bucks invest so emotional that is really whats driving the stock price that you see this kind of call off the stocks but i will take in as an indication of management comes the dence in the future prospects of the company than anything else in the attracting more or less that now at the so prices theyre currently trading at yeah id be rushing out to raise 5000000. 00 in tashas well by selling stock at those prices. And bobs more us on line the fact that maybe testamentary doesnt really believe the prices are justified and therefore they should be selling more taking on more debt which they could do it. Doesnt to decide how to finance the company through debt is 0 percent basically or 2 so usually when youre a 0 percent you dont issue more stock but they are the Management Company and Board Directors apparently feels that the valuation the company now is over or for reselling so is a really good idea well it feels like this test lloyd apple stock split was a lot to do with get rich getting Retail Investors in there obviously they dont make up the big majority but i think that might have been a little bit of their play there Todd Horowitz chief strategist at bubba trading in october and the c. E. O. Of optimists l. L. C. Thank you both for that expert analysis. It. Has received approval from the federal Aviation Administration to operate its fleet of prime air delivery drones now according to the f. A. A. The approval gives the ecommerce giant the ability to safely and efficiently deliver packages to customers now under this specific regulation amazon will now have the ability to carry goods beyond the visual line of sight of the drone operator thats a big deal there amazon says the certification of fords the company the opportunity to Start Testing customer deliveries however amazon did clarify the fleet is not ready for a widespread rollout as they do want to continue to test that technology. And mcdonalds is facing its 3rd Racial Discrimination lawsuit this year dozens of former franchisees say the company has set them up for failure by steering them towards inner city neighborhoods where sales are typically lower but the fast food giant says the decision on where to open was up to them legal journalist molly barrows contributor with american lawyers joins us now to discuss the latest lawsuit. Molly and how do these former Restaurant Owners say mcdonalds discriminated against them. Well there are a number of issues that they lay out in this lawsuit brant that basically they said in a nutshell that they make dolls denied than the same opportunities as they gave white operators and essentially set them up for failure by steering them into these neighborhoods where they were going to have lower sales higher crime so higher insurance costs about 50 to plan if they operated more than 200 restaurants and i got out of the business over the last 10 years thats who the plaintiffs are in this lawsuit so theyre pretty concerned that that this was basically they could have faced retaliation they said if theyd rejected these offers from mcdonalds and that they were denied better opportunities for other locations like those offered to white franchise owners which are have safer neighborhoods and higher sales so theyre saying why them and not us. You know the money is always the big deal here so how much are they asking for in damages. Oh just a little 1000000000. 00 so basically the way they arrived at that number is they the franchise owners claim that their revenue was about 2000000. 00 per location and thats about 700000 at least 700000 lower than the National Average so after subtracting costs they say they lost between 4. 00 and 5000000. 00 a location so the food is not to blame they say because the quality is the same across the board so the location plays a big role in it as well as the higher insurance costs because crime is higher in those neighborhoods they say and of course there have been lower sales so with all of that taken into account they say that they lost quite a bit of money about a 1000000000. 00 if they were to go by those figures they were just about out of time here but what are those other discrimination lawsuits the company is facing right now. Right just real quick in january a couple of executives said that they filed a Racial Discrimination lawsuit that the basis of the chain fired black leaders and pushed black franchise owners out and then you had 3 black restaurant workers who also sued mcdonalds this year alleging a number of issues racial harassment discrimination as well as retaliation at one of those florida locations of course mcdonalds is denying all these allegation and is fighting back against this did and his allegations and saying they have always supported black Restaurant Owners as well as you know their or their employees as well so well see what the courts decide but well for right now they say that mcdonalds is in the crosshairs for some for a company that supported black lives matter that did put the men under the microscope a little bit more to say ok why are you are you living up to what you say you believe legal journalist molly barrows thanks for following the story. Thanks brant. And time now for a quick break here because when we return is the world him doing crises of the growth of ours and Global Economic slowdown greece and turkey have opened a new front for concern if tensions are high in the mediterranean and as we go to break here are the numbers at the close all green there from the board. Oh look forward to talking to you all. That technology should work for people. Must obey the orders given by human beings except where such conflict with the 1st law. Should be very careful about official intelligence to the point is to create a trance. Like state there is johnson with Artificial Intelligence will summon the demon. Must protect its own existence as. The. Same wrong. Will just dont hold. Any belief yet to shape out these days to come to council. And indeed from an equals betrayal. When so many find themselves worlds apart. Choose to look for common ground. So what weve got to do is identify the threats that we have its crazy on sunday shouldnt let it be an arms race is also a scary Dramatic Development the only really im going to resist i dont see how that strategy will be successful very critical time to sit down and talk. Welcome back despite an increase in cases of coping across europe the german German Government says they will do everything in their power to avoid another set of locked out orders like those instituted in march in april. However i am convinced and i say this with full awareness of the responsibility that we can and will prevent the 2nd the general shut down or lock down this is an Important Message im convinced that the recovery is also possible in times of a corona pandemic but only if we take a very differentiated approach so with this in mind lets take another look at the trends and spread of the virus globally with our chief correspondent side tablature so i were we just get some brand right now almost 26000000 people around the world have been diagnosed with covert 19 now more than 80000000 have recovered so over 70 percent have recovered well more than 857 deaths around the world now the u. S. So far as report of the war the worst cold in 1000 outbreak in the world with over a 6200000 cases and over 188000 related deaths but there is some good news as the u. S. Reported its smallest daily cases in monts now that number 34000 new cases on monday was the lowest weve seen since june 22nd and while. Cases were higher compared to compared to earlier days of summer theyve been trending down in recent weeks so its all good news also earlier outbreak hotspots in the u. S. Are also showing a major downward trend in new cases now lets take a look at global raw a global rise in cases so india right now is leading in new weekly cases and reported the highest number of cases of any country in the past week so is india right here you see the just going up and up and higher so theyre seeing huge huge new cases now the iris is also taking latin america by a storm thats where were seeing increases trends in peru Mexico Colombia and argentina so you see these are all going up and what would need and would need them to do is actually go down or at least go flat but you see it just going up and down so thats where were seeing a lot more cases and the mary cause not only account for more than half a reported cases world ball wide but also death which brings me to the top 10 countries with the highest death rates proves this thread you see right over there is right now the highest in the world surpassing belgium and now even exceeding brazil and the u. S. And this illustrates how peru and belgium the worlds 2 hardest hit countries shifted from europe to latin america but unlike europe americas economic downturn could be the most severe in the world with a recovery stretching into 2023 so the bottom line here is that america was unable to match europes success in quickly taking them to all the right as so and remains to be seen if europe can sustain that because right now several European Countries are reporting a jump in new cases after dropping cases in june and july so here are the numbers so i. On monday france reported the larger the largest jump since may 16th so you see right here how france now there is seeing a upward trend germany on the other hand right over here there reported their highest increase in new cases since may 24th so you might not be able to see those closely but you see how theyre trend is actually going up so theyre seeing a big jump now italy on the other hand in the bottom right there has seen their largest jump since it pulled 1st so while you saw they were kind of going flat and its increasing slightly and spain on the other hand right over here they had a single day record for the country so this search could indicate that europe is on the 2nd the verge of a 2nd wave the currently fewer people are dying from the virus so the big picture here is that the search comes as almost every European Countries planning opening in person schooling this and next week so well see in the coming weeks brant how this is going to affect the spread of the virus r t correspondent. Thanks for keeping us up to date. And there is a war of words and sanctions taking place between greece and turkey right now it centers around of Oil Exploration the u. Has now urged turkey to halt what it called illegal Oil Prospecting activities it said plans to blacklist turkish officials linked to the Energy Exploration could be extended which could possibly include economic sanctions against turkey. And determined in defending it would be and you need to insist. That if you go to greece and cyprus. Go to has to abstain from united to go next disease a base economy to allowed to look to advance. But we want to find path. Interrelationship indeed which will introduce bills that have been union and turkey is that you are activities in the Eastern Mediterranean and the have the pursuit of rights and justice at heart attempts to imprison turkey to extort as you square kilometer island without seeing term tremendous 780000 square kilometer size is a very open question injustice. Efforts to descend on the riches of the mediterranean which are the rights of every country around it is an example of. The fight over these contested waters in the mediterranean have now plunged greece and turkey into their worst crisis since 1974 joining us now just a little bustos investigative journalist ben swan ben i use that word crisis is that a Fair Assessment of what is actually happening here. I think it is a Fair Assessment when you consider the fact that its not just a war of words its not just war over sanctions but you literally have turkey bringing warships along with those gas and Oil Exploration vessels into the Mediterranean Sea and essentially have 3 kind of issues at play here you have. Greece you have turkey you have cyprus and you have war planes and you have war vessels in the ocean or in the Mediterranean Sea surrounding each other and theyre almost in a war game scenario again as Oil Exploration takes place its more than just an argument over words or argument over a space it really could escalate into Something Else and that the center of it as you heard there really comes down to turkey saying they have the right to explore certain parts of the Mediterranean Sea greece says no thats part of our Continental Shelf and not yours and so you need to back off thats really what it comes down to and now greece and cyprus last week actually were joined by france which is reportedly discussing a major deal to sell warships and warplanes to greece italy and the u. A. E. In an exercise off of cyprus now could this actually turn into an actual conflict over Oil Exploration as you just mentioned there. Yet what you would hope not right you would you would hope that obviously you know as the e. U. Gets involved and theres going to be negotiations about this that the cooler heads would prevail but again the fact that there are so many military vessels and planes as a part of Oil Exploration thats highly unusual but then again consider the fact that on this side of the world you have you know very hostile moves by the u. S. When it comes to venezuela and iran seizing oil tankers and seizing Oil Shipments so its very possible that countries around the world have taken similar approaches you know if you do find oil in this Continental Shelf as greece now send in military to say were going to secure it does turkey send the military does security and is that conflict arise we have to wait and see but hopefully not you know is there a global governing body that might actually be able to rule on this as to who it supposedly belongs on the shelf. Well thats a very good question because of course the e. U. Says well it belongs to greece and were going to stand with greece but they have a vested interest in it because obviously theyre claiming its on the Continental Shelf belonging to europe turkey which of course in asia says no it doesnt belong to you its not necessarily on your Continental Shelf but even if it is turkey says it doesnt matter we still have the right to explore it because its essentially early on says bigger is better were much bigger much bigger into a much bigger nation than greece is why would they claimed own and control more of the Mediterranean Sea than we do so is there a governing body not sure that there is no turkey also accuse greece of piracy following claims of a troop build up in violation of treaties on this tiny far flung greece greek island just off of turkey now is there any truth to this as well. Well the term piracy is fairly interesting essentially what turkey is saying is that greece is involved in a huge military build up on that island in order to position themselves in the case that there is an Armed Conflict here turkey certainly has a point in that but again look it comes down to everyone kind of shouting at each other at this point and who ultimately decides these things will in the past rent its been war wars decide who controls parts of the ocean and continental areas hopefully again it doesnt come to that coast investigative journalist d thank you so much. You got it and thats it for this time you can catch boom bust on demand on the brand new portable t. V. s which is available on smartphones and tablets through google play in the Apple App Store by searching portable t. V. You can also be downloaded a newer model Samsung Smart t. V. s as well as roku devices or simply check out at portable dot t. V. Well see you next time. Trade and investment to become magic spells to come to economic development. Most people think about trade they think about goods and services being a strange between countries and the investor chapter of the trade agreement is about something very different but wont win investment leads to toxic manufacturing that destroys secret something into the environment. That means local communities that are being poisoned if they object if they do anything that the company feels is interrupting their profits they can they sue. The nationals are taking on the whole nation still in the arse is trying to use i. S. T. s to stop working. From implementing new tobacco regulations aimed at cutting domestic smoking rates a French Company sued egypt because egypt raise its minimum wage to democratic choice of a trump Corporate Law joining us as we try to find dont want to. Join me every thursday on the alex simon show and ill be speaking to guest of the world of politics Small Business im show business ill see if. The world is driven by dreamers shaped by one person or those great. Dares thinks. We dare to ask. Said she stressed to make sure that the british and the bill of books had out that you had to. Stop the she was telling you she didnt taste a piece to do shes a c. E. O. Which quite all shell. Go to which she does im saying look what youve seen in the states you took a moment of me for sure i. Want to talk to you so if youre my its your bonus for c. B. S. Its a mr hazlewood supporter. Put them to the spirit for this interview for you both the tickets the studio actually the person the personal cost of the phone calls for sure still the same speed. The new school year is going into wife students across the world with classroom life is a whole lot different than before the tough new code rules. And the run. Up to last fridays president s visit to lebanon is overshadowed by protests with hundreds voicing their anger over the appointment of a new Prime Minister in the name of throne is promising 8 spittal so threatening sanctions if reforms failed to materialize. And its not just polarized nation intensifies that have never been to president ial election clashes between below