Skip to main content

tv   Boom Bust  RT  October 28, 2017 8:29am-9:01am EDT

8:29 am
hi lindsey graham to buck rogers asking around the world in washington d.c. coming up amazon is shifting gears yet again it's been granted approval to operate as a wholesale pharmacy in. that number is growing though my guest explains how this is shaking up the industry and the ruling communist party in china has in shrine of the country's aggressive trade initiative known as belton road we give you a look at just how ambitious this plan actually is and in catalonia voters and the region's president are at odds with one another as well as the spanish government weeks after the vote for independence from spain was reached and his government is
8:30 am
taking strong measures to keep the region from separated by the start right now. bail has been set at one million dollars for a deal you are opioid medication maker facing fraud and racketeering charges amid a national opioid addiction crisis john kapoor the founder of insist there appear dicks and a group of his colleagues are accused of offering kickbacks for physicians who wrote large numbers of needless prescriptions for opioid products. federal prosecutors in boston accuse the group of offering bribes to doctors who prescribe a highly addictive and potent opioid spray named subsists the medication is meant really only for cancer patients in extreme pain most of those who receive the
8:31 am
prescriptions were cancer patients the group is also accused of conspiring to mislead and defraud insurance providers who were reluctant to approve payment for the drug when it was prescribed for patients without cancer after setting the one million dollar bail for kapoor the judge included two requirements the wearing of an electronic monitoring device and a surrendering of his passport. and amazon has been granted approval to operate as a wholesale pharmacy in twelve states rumors have swirled in recent months over this very thing and amazon has kept very quiet joining me to discuss as amazon steps over the threshold of pharmaceutical supply chain management is one. founder of the stock solution list thank you so much big news it was a bombshell yesterday what were your thoughts when you when you first heard that news well thanks so much for having me lynn say great to be here i was really surprised and i think the timing of it was spectacular because they had earnings
8:32 am
reported last night for a third quarter they absolutely leaked that news right before the earnings came out and amazon had a record of record breaking day today so it definitely helped the stock. so it helped the stock and obviously a lot of excitement but major players in the drug destro game have. been a little iffy it seems and when we saw the stock drop minutes after the report came out just take express scripts just as one example from a high of sixty one eighty five a wednesday we saw severe drop right after the news broke and spread around it open to fifty eight fifty nine it's recovered to sixty two is this going to be a continuing trend for pharma stocks until we get more details on the full plan is just going to be a bit a bit manic what do you say well well i think the interesting thing about this is that amazon wants a piece of everything so this is actually it while it's good for the stock exceptionally worse for the pharmaceutical companies so it's going to have
8:33 am
a worse effect on them than the good effect on amazon if you know what i'm saying c.v.s. dropped even more today it's had to really down days to parish days merck dropped today at the drop today and yesterday also it came out that there's rumors that c.v.s. is going to purchase. and so that might push through i mean nobody knows what's going to happen with that. but i think that amazon has a great way of talking people into buying stuff from them because they make it so easy they take away the friction the interesting thing is that amazon wants to get into all of the regulations that are involved with issuing drugs you were just talking about the opioid crisis you know i mean who's are they going to hire pharmacists are they going to outsource it on the call last night on the earnings call last night someone asked about amazon are they going to be selling the drugs now in whole foods stores to where you would go in and pick up your drugs at a whole foods store so all of these things are possibilities for the future but i
8:34 am
think it's it's going to have a negative effect because amazon customers a competition and really as far as i'm concerned stop wines and company was i wasn't doesn't really have any competition they are in a category alone by themselves so expect them to continue growing but this is the first wave of it and as you said they got license for to issue pharmaceuticals in twelve states they're going to they're going to get a license in every state of course they well you know i think you and i were watching this come out the same time last night and i immediately started watching c.v.s. express scripts all of it to see how far down it would go i was surprised it recovered for those invested right now in companies like walgreens c.v.s. and express scripts what kind of advice would you give them should they be worried about price fluctuations that much are we going to see a drop off the charts now i mean these people can't just go buy amazon right now it's too expensive should they just know they can actually wait it out wait to see what the plan is you know what i think right now if you look at the charts one mark
8:35 am
is still a very strong chart c.v.s. is starting to break off the chart doesn't look so great in c.v.s. so i am not bullish on c.v.s. whatsoever while mark is still a very bullish chart they offer other products and services c.v.s. is right now looking bearish however like i said if they end up by the end it could change but the thing is that with true. romper running through this whole health care system no one knows what's going to happen in two thousand and eighteen with the whole obamacare so i would say it's a very risky stock any of the stocks any of the health care stocks the health care sector all of it pharmaceuticals health care all of it are risky investments right now i'm not bearish really on any of those charts i'm not bullish on any of those charts i'm bearish on those charts right now right ok so these rumors of been going around for a while any solid indicators early that amazon was going to move in this direction . i will say one thing when i was on it reported last quarter in july july
8:36 am
twenty seventh then july twenty eighth the stock gap down and they traded him solid range for about three months now i'm a technical person i look at the charts the it was not moving market kept making new highs we made record breaking highs on the nasdaq today so in that range it was a wait and see period this was a really important really important report for amazon last night not just because of the news that was late yesterday in reference to getting into pharmaceuticals but because they had bought whole foods so this was the first report since they bought whole foods and i'm telling you that amazon is higher the health care stocks like i said i'm not bullish on those i'm bearish on those that don't look so great but amazon was trading in a range for literally three months which was highly unusual mainly because the stock moves a lot has a lot of volatility normally and the market was hitting new highs almost every day i mean you look at the last three months of the market almost every day of the markets were making new highs and amazon wasn't going with it and amazon is still
8:37 am
a strong stock i mean it was even when it was based saying but if i only broke out but it just goes back to what i was saying that you know i'm a sun continues to enervate one of the reasons i think the stock broke out today and ran so i had such a big move and it's higher by the way it's higher even probably in the next week next week is a big week for the market too because apple reports next week facebook reports next week ali baba reports next week so other stocks cool reported last night with amazon but other stocks in this sector report next week to some really big names so expect the market and amazon and google to continue higher into the next week you know i've got to ask you you mention the pharmaceuticals and health care stocks have been viz guys realize that we're amazon has strengths which is lack of friction like you mentioned simplicity that people are hungry for that in pharmaceutical supply chain as well and they should have gotten on board with creating some sort of an easy storefront for drugs it seems like they were just
8:38 am
waiting. i know i made a who's to say i mean actually you know the ownership of amazon they're highly intelligent they're very sophisticated people and they're making all the right choices they're out there they're ahead of the game they're forward thinking you know it's probably going to come to a day where you know how it is worth with the elect me just say you won something and you say oh i want more paper towels and it orders it eventually it's going to be something in your car or any in your refrigerator it just automatically orders whatever you need from amazon when you're all out i mean it and they are just the greatest innovators now and to make it easy and take away the friction like i said of buying but but the take away the thought process is everybody is busy everyone is busy and the problem with c.b.s. is they have too many brick and mortars they haven't made it easy enough to do things like amazon online i think i think it i think probably the thing with that is really going to change the game for them because getting into the insurance
8:39 am
right now ever since you look at the stocks previous high in c.v.s. and a lot of those ones are the health care sector the last time they made new highs was two thousand and fifteen i mean we're talking like two years ago so amazon made brand new highs today the market did any stock that is not over and making brand new all time highs right now with this market is not bullish in my opinion so that's why i was saying c.v.s. it ran down for two days merck ran down today to these things if you're long term and you're still long um you know you know i don't think that there are great holds i think they've got to do something and maybe the buyout of that no will be at first but when you're looking at amazon as a competitor no matter what you're doing whether it's the food industry whether it's pharmaceuticals any of that stuff it's hard to be they have the cheapest prices they've got free shipping they've got the prime days the specials it's hard not to sound like an advertisement for them when you talk about everything they're
8:40 am
doing. drugs it's hard not to because you're literally listing a litany of things people don't want to have to do is go out to the store in the middle of the night and get something refill a prescription on a sunday at five o'clock and so i think it'll be interesting to watch the movement in pharmaceuticals in the next six months as as folks try to ramp up an approach to this not really know where that where that's going to come from but amazing. you know has. well i was going to say you were saying watch for the next six months these charts cannot lie on talk about the health care it's not the tech stocks the health care sector cannot continue to lag while the market keeps going like this every second it can't that's that's not what you want to see that's the opposite of what you want to see so if i'm just saying if you want to look at the next six months to watch these things going to two thousand and eighteen or the next earnings for these stocks they've gotta get their butts moving higher otherwise if the market keeps going and these stocks are alive again why why would you want to
8:41 am
own them right away why would you want to sell your shares if you own these health care stocks and then why won't you want to buy something like amazon if you can afford it at that point thank you so much that we got to bring you in it to follow this story with us because it is fascinating stuff having me thank you melissa founder of the stocks wars l.l.c. thank you very much thank. the u.s. economy grew at a solid annual rate of three percent in the third quarter bolstered by business investment this comes in the midst of hurricane recovery efforts in texas and florida which slowed job growth as well as temporarily halted gas and oil production on the on the gulf coast now it marks the first time in three years that growth has hit at least three percent for two consecutive quarters the commerce department reported friday that the july through september advance in the gross domestic product followed a three point one percent rise in the second quarter to many private economists
8:42 am
believe that the devastating impacts felt by hurricanes harvey and at least one half percentage point off that growth. u.s. regulators are investigating complaints that steering wheels can come loose or have even fallen off in the ford's fusion model sedan according to the national highway traffic safety administration a person in georgia reported that their steering wheel fell into their lap in a two thousand and fifteen fusion when turning into a gas station on september twenty third the agency opened a probe after receiving three complaints about lu searing wales the prob covers about eight hundred forty one thousand midsize sedan is from the two thousand and fourteen through two thousand and sixteen model years two other people reported in the probe claimed that the bolt attaching the wheel to the steering column came loose while driving and had to actually be retitled at a repair shop ford says it's cooperating with investigators as they work to
8:43 am
determine how often the problem happens how many vehicles are affected and no recalls have yet been issued. time now for a quick break stick around because when we return in china the ruling communist party enshrined the country's aggressive trade initiative and wrote as we go to break here are the numbers of the. under margaret thatcher there was a transition away from public housing and government assisted government underwritten public housing and they sold off all the council estates. people bought into the units across the country and they became the land owning the new land owning neoliberal gentrification under the current
8:44 am
government in the u.k. it's another socialist scheme of government underwriting property but not for the poor people they do it for the rich people. but also. the ship between kids it was just to prove a fairly strong when there were two thousand. dollars in the study it's a very extensive study done by a well respected scientist. do chemicals that down the advertising. really increase the risk of cancer and i chose a means of known to use them in the launch of. skepticism they do not believe that this is is true by independent scientists so did the need. for this. compensation for my time as well as you know others why is that in the
8:45 am
meat lobby definitely didn't like what we were doing and if you want to. good. luck. there. is a big business against tells. this story show. that. the prime minister of japan wants a pay raise to drive the economy after shinzo obvious sweeping re-election victory last week he is taking aim at a campaign promise to boost the japanese economy by asking private industry to hike worker pay by three percent next year the year prior prime minister all they called on the private sector to at least keep a raise is the same as the your previous japan has experienced twenty years of on
8:46 am
and off deflation the country's inflation goal is two percent but right now it's trailing at near zero that is in spite of five years of stimulus measures. and the political sparring and rising tension between spain and its catalonian region continues to escalate the situation in spain became even more complicated on friday when a secret vote took place in catalans parliament r t correspondent charlotte dubinsky has more days confusion in counseling about whether this is now an independent republic or still holds its way that's because on friday members of the council on call and they did to play independent thought but it was held in secret and some members of the parliament would be used to take parts walking out of the building over the eighty two that state seventy voted for independence and that motion in this poll last night there were cheers on the streets thousands of pro independence
8:47 am
supporters for the mood say the reaction was very different the spanish prime minister last voice said he wouldn't wear. he denies the declaration instead the senate is in madrid pushed ahead and vote in favor of article one fine fine and never used before politics the spanish constitution to bring back catalonia under the full control of spain well since then ross hoyt has declared that catalan president called us and his government to be removed from office he has also said that the council on chief of police is removed from his job motor skills should be he said that elections will be held in captivity on december twenty first international leaders of also said that they move with you used to recognize that voting and say they stand side by side with spain the reality is that despite a declaration of republic those catalogs to support independence may find their struggle to get over all those who want to remain as
8:48 am
a participate hopeful that will no still be the case that steve inskeep bast also known. prevailing in president michelle tamara has had to fight to stay in power following a string of corruption allegations he was temporarily sparked asperity this week actually but will his political agenda be able to gain traction for sure he has more on that for us throughout all of the corruption allegations brazilian president michel to mare has maintained his innocence and in a vote on wednesday congress voted against suspending him to stand trial on more charges out of the four hundred eighty six votes two hundred fifty one voted yes and two hundred thirty three voted no since the opposition didn't reach the two thirds required the matter was rejected by thursday to america expressed his desire to get back to work immediately in a video posted online. the truth has won our constitution individual rights and
8:49 am
institutional rights prevail it's time to focus on what interests our people the bridge that we are bill. the future is solid firm resistance but it's unclear exactly how much you'll be able to get done after spending so much time on simply avoiding more prosecutions in order to push any more economic reforms will need support and there were several members of congress who made it clear he didn't have theirs. to dismiss the accusations i vote no against the. destroying the environment sleep work you. know. narrowly escaping another investigation could be the best news he'll receive in a while to mercer prove all reading currently stands at three percent according to a recent study though this all follows a massive corruption probe from two thousand and fourteen which has led to dozens of arrests of congress members and prominent business leaders prosecutors say the government was run like
8:50 am
a cartel with political parties selling favors to the business community and they allege that to mera successfully took over that cartel once he was elected he may be safe for now but he could still face charges when his term ends in december of next year and that might make it a little harder to combat the ongoing economic crisis that brazil currently faces the economic crisis there it's staggering international investors are generally pretty supportive of him is it like the devil they know versus the devil they don't how do they react to this so investors are generally supportive of him because they see him as a very market market friendly right leader but they didn't really respond at all to this it didn't really move markets because they know about the battle that he faces with congress most brazil observers are expecting to merit to just sort of be a lame duck politician until the end of his term in december of twenty thousand ok because getting anything passed you know i will get something small passed and they're not expecting any big changes for the rest of his term and
8:51 am
a holding pattern now he's decoration what's the latest on the economic recovery though while the economy. lucky for him is doing a little better moody's just upgraded petro processes credit rating which is very important inflation is down unemployment is still high but it's showing signs of slowing without the stock market had an all time high last month so that's good but when the recession hit in two thousand and fifteen we sell lots of cuts to schools tolerate little's to public security funds so any other sort of cut would be really hard to get passed and temeraire is trying to prioritize pension reform really cuts and has investor friends are telling him to do that because they both see it as the only way to avoid a sort of budget crisis in their future a but like i said passing anything forget pension reform is going to be very hard for temerity to go before his term ends right thank you so much investment in.
8:52 am
china's president xi jinping has further consolidated his power by adding a shoe drive an infrastructure project into the communist party's constitution while some criticize the initiative as expansionist on china's behalf proponents at home and abroad say the move could help the country achieve its economic and reform goals artie's alex is in trying to with the story talk about revamping alex at china's latest congress the ruling communist party as we saw approve allowing president she's belt road policy to become a part of its constitution tell us a little bit about this initiative. collectivity in cooperation there are basically want to expand the reach into your asia and europe of course. there's a couple of ways that they're doing it there's a really big billions invested in countries outside of china by china but if you take a look at this map to give you a really good idea of what this initiative so all about. in the fall of two
8:53 am
thousand and thirteen of a couple of stages really. it focuses on a land base silk road economic belt as well as an ocean going maritime silk road which china of course being the center of this trading network what's interesting here is that this is an encompassing sixty countries in asia and europe as well as oceana which is use eland and australia as well and east africa so this is very expansive the prime example here is you just look at the railway system the silk road railway it goes from china through cars extend russia belarus poland germany and basically connect asia to europe so this is one big part of this whole equation and it's not just about connectivity when we're talking about it from a people point of view it's a about construction it's about infrastructure it's about roads about railways it's about maritime movement of goods and services it was making china the center of
8:54 am
this whole trading basically it is a scheme and of course for themselves that makes a lot of sense now opportunities here we have a quick rundown of the five key opportunities that china is talking about in these areas it's policy coordination planning and supporting large scale infrastructure development projects facilities connectivity building facilities to enable connectivity along this bells and road route or routes i should say of the trade in investment facilitates across the border investments in the of course supply chain co-operation supply chain something we've been talking about lot north america when it comes to nothin the dealings that we're doing right now financial integration so banking and everything else and then there's cultural exchange now that's an interesting one it's just basically for china which is a very culturally rich and diverse country they're talking about expanding that and having that back and forth now we're talking about a project that's going to be anywhere between four and eight trillion dollars there's really no end date to this and china see that they put it in their constitution now you know that they're in there for the long haul with this that's
8:55 am
right a cycle operation some here coersion but i'm just putting that out that what does this mean. president. is an obvious question coercion if you can say corners and i mean this is it's a game that everybody is playing out playing it the major powers play this game and that's basically you invest in countries and you might want something back for using paying right this is maybe a little bit of a different story knowing that that he now is there that he basically had something of his put into the constitution is one of only two guys the chinese history that's ever had this happen and they're saying that for him as the consolidation of power i mean he's turned out to be just as powerful as mom now in many ways right now we don't see any air coming up we know that there are basically when it comes to the chinese throne the being the president he's got a lot of support so for him you know this guy just who's been at the top has just entrenched themselves at the top and done it very well how is it sitting around the
8:56 am
globe. interesting is the world like what we were saying you know there is that look that hey this is the expansion is sort of power of china they're moving outside of their own borders they're investing in other places they're trying to get people on their side why not everybody else is doing it so why wouldn't try to do it is. also just looking at the fact that this. bit that this is this initiative that they're instituting it's very ambiguous so yeah it might be entrenched in the constitution but there's a lot of play every other so you can do a lot of things there interesting lee enough though moody's moody's added that you know what well this is a good thing because this need stability for china right so yeah i've got to top think about it four thousand years of chinese dynasties if you're going to include a communist china they run things a certain way so they're doing it and i think moody's likes to see that and so do investors around the world the markets are stabilized because of this that makes
8:57 am
sense i mean time to get the popcorn watch this construction battle and all this cooperation or corners and that's going to happen astoundingly ambitious thank you so much for filling us in our to correspondent in toronto thank you. thanks for watching be sure to catch boom bust on direct t.v. in the united states you can find us on the r t channel three two one and if you missed us on track t.v. on you tube you tube dot com. thanks for watching the next time. how does it feel to be a sheriff the greatest job in the world it's as close to being a king as any job there is what business model helps to run a prison now we just do it oh my guess is nobody you know visitation i don't know what comes in anymore we don't have the surgery many more it's cost effective that's what they want to. know and they don't give
8:58 am
a damn if you do the chores or not they're vastly paying to put it back. the louisiana incarceration rate is twice as high as the us sam bridge what secrets is behind such success. when i hope it will. get me no it's this sunday i'm not to run then so get the deficit in. the us. i'm just.
8:59 am
used in the school for the. whole thing to the most part of the a lot of the behind of the. on the she does the cowards who don't need the militia or. the trees. killed in a moment to get his beef be done of this not so be this not to be but i mean. the. media. gets to live it up with other. peers will people been saying about rejected a night with you i suspect it is full on. the only show i go out of my way to find you know what it is that really packs a punch. yap is the john oliver of r t america is doing the same we are apparently
9:00 am
better than booth best at. see. spain's constitutional crisis hits boiling point in. independence while madrid. the government direct control. a u.s. senator precious twitter to disclose personal messages and. social networks lawyers are set to testify in congress alleged russian meddling. bribery. drug company charges for allegedly getting dropped. fifty times stronger.

3 Views

info Stream Only

Uploaded by TV Archive on