tv Boom Bust RT November 14, 2017 7:30pm-7:48pm EST
again saudi businesses and government leaders will affect geopolitics and oil prices plus we'll examine what president donald trump accomplished or maybe didn't so much on his asian tour as we go to break here are the numbers at the closing bell. it's the cradle of jazz. is america is the america we. don't
know it's just jazz feeling. a city of climatic. alligators on the loose of poverty and crime already used by the least members of my family to close most. of street racing in the peace of the night this is new orleans itself and the best place in the world. scene years ago i traveled across the united states exploring america's deadly love affair with the gun bad guy trying to get to one of my family members he would have better a lot better and i think it. they are and hearty when i have my my baby says my
book was published in the year two thousand more than home for a million americans have been killed by firearms in the us how does the team yes we did this is a middle school we go through drills and we put ourselves in real scenarios it was interesting to see who actually got here. i decided to return to the subject to track down each gun owner who i'd met and photographed those years ago i don't know that but we are not. the saudi shake up after a government officials and business leaders were rounded up and arrested related to corporate corruption charges there's a sense of unease how might that impact geopolitics oil prices and some of the long
awaited social reforms in the saudi arabian kingdom let's bring in gerald celente founder of the trends research institute gerald welcome oh thank you you know has the dust really settled on this thing that took place less than two weeks ago in saudi arabia where everybody was rounded up and arrested. no this is as we see it this is just the beginning of the for all of the house of. cards right there it's the saudi house that's collapsing you know it seems to me that there's three really sort of key things that people are looking at whether or not they're still on these there's there's oil there's the saudi aramco sale and then there are these social social reforms let's take them one at a time you know how might this sort of whatever the moving shifts in the sand in the desert over there occur and how might it impact oil and the upcoming opec
meeting well they need to bring oil price design up as we're speaking oil prices are going down and they had about a two and a half year high and mainly because of the cuts from opec the one point eight million dollars a barrel along with russia but now more supplies coming back up it's a very simple equation the higher the prices go the more production comes online and you're seeing in the u.s. with the rig count going up in production going up so it's very important that they come to some kind of agreement to not only keep the one point eight million barrels a day cut but they're probably going to have to expand it is well real quick so before we get to a ram code jerald so i mean it took a long time because that agreement was initially you know panned i guess last december the cut went into effect in january and really prices stayed pretty low
i think they were something like fifty two dollars a barrel last year they've gone all the way down to forty five so they are up a little bit at. like fifty five and brant sixty one or sixty two but i mean they have had an impact but it's taken quite a long time right. yes that's why i'm saying that you have to do a lot more a lot bigger cuts and that doesn't seem possible because we're also looking at new estimates coming out and they're saying now that there's going to be lower demand for oil because of china's economic growth isn't what it was expected to be and also people talking about warmer temperatures where so it is even less supply and less demand rather they're going to have to do a lot more to cut supply. do you think they'll be able to keep the band together gerald opec and russia the other countries that were part of this production cup
can that can they all stick together well even though there's a lot of destabilization calling oran you know declaring saying iran declared war. bahrain saying that iran blew up their pipeline you know when it comes to the bottom line they're all going to agree we believe because their economies are dependent on oil so the bottom line is they're going to do what they can will it be enough probably not to really raise oil prices above the sixty five dollars a barrel level which a lot of them need yeah i mean and saudi arabia as sort of the ringleader here i mean they've got the you know flat growth they've got like a twelve percent unemployment rate so they may need this more than others in that regard let's talk saudi aramco arguably one of the lng on and are they going to be a little question there's a lot of unease this is and we're only getting one side at
a ration you know they're blowing it up like a lookout great you know we're putting a resource now into the private sector because we need to and you pointed out dorothy the problems that they're having economically they need oil at one hundred dollars a barrel to break even and this prince just loves to throw out the buzzwords to make everything. like it's going to be great like vision twenty thirty five hundred billion dollars city and you know now i'm going to take out a prized possession and go public with it you know it's sort of nutty in a lot of regards i mean i understand why they're doing it it is only five five percent and when they do i.p.o.'s you know and you know president trump is urged to saudis to do it at the new york stock exchange rather than in london but when they do these things there's a lot of transparency required and i think some investors may they may not have a comfort level with the transparency bits provided by saudi aramco last thing to
run out of time gerald what about these social reforms i mean you know they had toby keith there when the president trump was there in may they had a jazz festival heck the blue man group has been there and they are talking about not talking about next summer they will allow women drivers are those important social reforms that are taking place in the kingdom well this summer for opposites mostly you know glitzy distraction i mean it's easiest one to go with you know and we're going to let women drive or you get a lot of travel by themselves to someday you know or things again this prince is a prince of really knowing how to use the media and he does it well and he plays all the buzzwords and one of the things that you learn and the trends business be where are the buzzwords and that's what we see a lot of thank you gerald and you know just as a final note it before women get a driver's license they need to get approval from their male guardian so maybe
changing the idea of having a male guardian guardian that would be a good reform thank you jerrold we really appreciate you being with us one thing we knows about the royal families and us we will never be royals we don't got that in us in our blood as they sing thank you jerrold thank you. president trump's trip to asia has officially wrapped up ending with a summit in the philippines out of all the issues discussed between leaders it was trade that took center stage but with several deals in question what can we expect from the u.s. moving forward boom bust bianca sheeny has more on that after spending almost two weeks torn asia president trump is headed back to the u.s. before he left he made several positive comments calling the trip tremendously successful and he added that a lot was accomplished when it comes to trade for many days. we're going to be.
here. at least three hundred billion dollars more to do is going to be i think we triple that number in the future. but what. we've explained to you. over the tree what we want to. didn't get into further detail on what sort of work exactly was done on trade but he didn't get into specifics when talking about business deals ordering. well we were going to be doing is different. but you know the old. order room was the reason i like the boat use because it's. so much. so plenty of questions remain about what lobel trade will look like under trump's administration at the end of last week it was announced that the remaining eleven countries included in the trans-pacific partnership agreed on
a deal without the u.s. it was also given a new name comprehensive and progressive agreement for trans-pacific partnership that leaves the t.t. ip and nafta deals left which could pull the u.s. from with or without alternatives in a tweet on early tuesday trump said i will be making a major statement from the white house upon my return to d.c. time and date to be set but it remains unclear whether that statement will have anything to do with trade. you know bianca i had such a low bar for the president and he actually had a pretty good trip but i'm wondering you know who may have had a better trip and that is was it president bush trying to that's a good question i think some people would probably suggest that it was a better trip for him in that trying to came out stronger but i think in terms of the u.s. it's kind of hard to judge because. we haven't really seen a reaction in the u.s. to trump's trip over there we haven't heard anything from leaders on capitol hill
or any sort of prominent leaders at all within government because there's so much uncertainty about what's going to happen with trade back in january when trump took us out of the t p p he said he would have an alternative but he has yet to provide that so if he does you know in his statement which is expected to come on wednesday or a different scenario but right. now there is just too much at boeing jobs but by and large you know glad he did it the relationships are important although we shouldn't expect that we're going to get some great trade deal just because he might be the big man on campus or the most popular guy in the student council where i am we also don't even know what those figures will end up being they could change within the hour and. if you hate the tight feeling around your waist after eating then stovetop has got a new solution for you bianca won't explain that sure so for twenty dollars the company responsible for supplying stuffing for countless thanksgiving meals is selling a special pair of sweatpants that has the stove top logo and the waistband even has
images of stuffing printed on them sounds strange and gimmicky but never underestimate the power of a good gimmick those pants are already sold out full week ahead of the holiday. so and unfortunately you and i will not be wearing those panties five pound i definitely won't be wearing those no no no you know the bottom line is every time they come up with a new gimmick like this it seems to sell like hotcakes around the holiday time so people will be filling up filling out in the stretchy things thanks for watching to be sure to catch boom bust on direct t.v. channel three twenty one or on you tube youtube dot com back flash boom bust r g m bart chilton thanks for watching see you next time. i.
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the spanish prime minister rejects media claims of kremlin meddling in catalonia this independence referendum. also the seller ought to use force to register as a foreign agent in america some pressure from the u.s. just as the. u.s. homeland security admits it has no evidence against past perske lab that's the spot buying the russian for software from government computers over cyber spying claims . global news twenty four seven live from moscow this is all to international i'm daniel hawkins welcome to the program now we go first to spain where.