you need a pipeline to go through north korea that's how you bring the prices down because you're delivering it with a pipeline and you bring it to one of the biggest markets in the world south korea doesn't have very many resources they're trying to get rid of their nuclear power plants they're trying to push down on the coal and this is something that they really badly need we know south korea is a massive economy it's a powerhouse and just imagine put north korea south korea together wow then you have something that's almost unbeatable in that part of the world so looking at this this fact just what how hungry south korea is this would mean a lot not only to the koreas or south korea in particular but also to russia this is a huge market they've been doing a lot of business with south korea and obviously this means billions of dollars alex i mean east or dimension how the koreans are viewing this but let me ask you. you know if the i don't you heard the conversation within wilkie but they're talking about how president trump said that they're going to stop the we're going
to stop the joint military exercise with south korea i guess my question is how do you think the south koreans are looking at the possibility of increased economic development with the same at the same time this looming potential security threat and the u.s. pulling out of these joint military exercises what's your take alex well first of all you have to wonder what is the real threat here i mean these military exercises themselves have always raised tensions on the korean peninsula so once these exercises go away it's actually a good thing everybody kind of melos out so i mean that's from that potential and then when you're looking at the economic potentials that are happening it comes from the horse's mouth that we heard from a top level korean politician and here's a quote from them and this is often about just about the gas that they need this is for foreign minister can kill him wah and she said should the security situation on the korean peninsula improve we'll be able to review the pipeline that. gas
business involving the two koreas in russia so they're talking about the two koreas this pipeline has not been built simply because of the tensions that have been there with tensions there you have that possibility of the north always shutting down the pipeline but if they're working together just imagine what you can have here especially once you have trade between these two koreas never mind a pipeline coming from russia and then that whole east asia part developed the eastern part of russia the asian part of russia china there's a lot of business that could be had here we know that that just between the trade just between russia and south korea has gone up forty percent just last year so this is happening north korea's in the middle of this all and they can take advantage of this and we know a prosperous north korea if you see a prosperous north korea you're going to see a stable peninsula there stable korean peninsula anyway you turn it countries that are making money seem to be a little bit better off also when it comes to stability these these war games i mean it's been nonsense a lot of countries from the outside looking in have been thinking this is just not
help the situation at all and for them to go away i think this is an excellent move on the behalf of president trump our key correspondent alex mahela thank you so much alex. time now for a quick break but hang here because when we return danielle de martino both helps us take stock probably a better word of where we are on economic growth of the u.s. as new economic indicators are coming out as we go to break here are the numbers at the closing bell. you know world a big part of truth. and conspiracy it's time to wake up to big 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 shouting past each other it's time for critical thinking it's time to fight for the middle for the truth the time is now for watching closely watching the hawks. from kim summit in singapore was certainly rich when it comes to optics but what about the substance both leaders are clearly looking for a win in process has started there are plenty of obstacles ahead and no shortage of people whose worst nightmare might come true peace coming to the korean peninsula. and the. whole lot of congo the kids seem compensate oh boy tonight. see. if they can.
do. on the bench of the moon this is a on the scene and. in so. doing this. is not something. that is a. welcome back the u.s. district court has just rendered as to sit on the eighteenth tee time warner merger and i trust case we're poring over the details and join us tomorrow as we dive into the station and the impact it will have on the future of media as we speak with
special guests attorney on dre borrow and perhaps some others and brazil's demurrer rate has been quantified qualified and the numbers are not looking good in total the cost of homicides in the nation has cost about four percent of the gross domestic product the washington post observed this as well saying quote beyond the emotional toll on families and communities homicides between one thousand nine hundred six and two thousand and fifteen robbed the country of more than one hundred nineteen billion dollars in potential productive capacity according to a study prepared by the brazilian government with contributions from rio de janeiro based think tank some analysts believe that an even greater increase in homicides in brazil could occur if the country alexei far right presidential candidate from the social liberal party. has fares over automation become more and more discussed even citi group is beginning to issue job warnings the investment bank has suggested that automation could supplant up to twenty thousand tech and operation
jobs that are currently staffed by humans within the next five years jamie for a say the president of citi said that more than two fifths for most. a little for machine processing the problem come from the potential for the same thing to happen across the financial sector causing more job cuts than we have seen between two thousand and seven and two thousand and seventeen watch out your job may be fertile for machine processing good grief however for things these days. and meal kits gained traction by taking the work out of buying ingredients for a full meal now those kits will be available in grocery stores soon hello fresh is announced that they see a deal with giant food and stop and shop stores to provide them with meals this is just the next in a line of other meal kits services entering the brick and mortar scene blue apron signed a deal with cosco while albertsons will be selling plated meal kits after they
purchased the start up in twenty seventeen many companies have struggled over the years with acquiring and keeping customers hello fresh executives hopes that a strong presence on the east coast will shore up sales and their customer base what's next the stores cook the meal kits and then sell them in some newfangled thing called a deli counter sometimes the more things change the more they seem the same. there is some new economic data out today as the federal reserve open markets committee committee begins two days of meetings to take a look at where the u.s. economy stands we're joined by daniel de martino book the founder of money strong and the author of fed up why the federal reserve is bad for america daniel thanks as always for being with us the new consumer price index is out and that data shows that it increase that fastest paced in six years what do you make of it. well you know we've been watching the producer price index which normally precedes the
c.p.i. this is a very strange week given all the things that are in the news the statisticians in d.c. had to mix things up by throwing the c.p.i. out there the day before the p.p.i. so all economist were confused as of this morning and any of that we've been we've been saying for months that the p.p.i. the producer price index input prices we've been seeing that of the six seven year high for months and months and now we're finally starting to see prices trickle on through to consumers which by the way is not good news. why why is that i mean it's going on to consumers and consumers are having a rough go of it already let me ask you a little bit about the g.d.p. growth it's not final until the end of the month of course but we do see g.d.p. it looks like it's growing stronger than it did in q one and we've spoken to about that in the past but what do you make of it now and where do you think g.d.p. is going for the rest of the year. well you know it's easy enough to paint a picture of an extremely strong second quarter as you say we've only got
a few weeks left before the june quarter ends but there are many economists out there i'm actually of the opinion with them that we could see a four percent print in this year second quarter we've had an extraordinary confluence of factors that have come together that have produced outsized growth in the current quarter but the question is it goes back to that inflation first question you asked me look the trades and terror of talk may have forced some some blind buying some panic buying on the part of manufacturers but take one example of washing machines bart washing machines you think i've lost my mind but in april washing machine prices were up nearly ten percent in may they were up eight percent guess what after years of no pricing power so to speak manufacturers are being forced to pass along these price increases to consumers and i fear for what that implies for g.d.p. for economic growth going into the third and fourth quarter of this year you
mentioned there in passing inflation did you know that inflation seems to be right where the federal reserve open market committee says they want it and you have prognosticated accurately in the past and i assume that you were have done the same thing in this case you think they are going to raise interest rates from one point seven five to two percent tomorrow at the end of their meeting. i do i think that they would risk actually shocking the markets if they don't i'm going to be looking for the other announcement there were there were rumors on the wires that came out this afternoon that powell was considering implementing a press conference after every a form c. meeting if that's the case part we're no longer talking about g j l after june what's going to happen in september we could be talking about what's going to be happening at the meeting in between june and september if jay powell is going to actually be a mature adult and have every single f o m c meeting be alive instead of half of
them being neutralized which was in my opinion a very misguided policy implemented by ben bernanke so you're view is that these meetings should be not open or what they should they should all be like i agree with you now why in the world should taxpayers have to foot the bill for for meetings if policymakers are going to be so paralyzed that they can't take any action because they don't have a press conference afterwards to explain themselves no make every meeting live and then the fed has much more flexibility and transparency with the public you know and you don't necessarily need a press conference if you just watch the deal you can count on i don't know news networks to do the news and people that comment upon what they've done but i agree more transparency the better sure let me ask you about housing you know we did see housing construction increases in april and we spent a lot of time last week talking about the high cost of copper actually a key component in it all new construction do you see housing going down you know.
well housing is in a really tough spot right now they have not constructed enough homes for people to not have commutes that are two hours long and if they're not making a ton of money especially towards the cities and as we know there's been a huge migration to our nation's cities but it's become literally impossible to live in the cities on average american household spent thirty three percent of their income on housing that is an untenable level and if you talk to any home builder they will tell you that they've never had to pay up to the extent that they have for things like copper for things like lumber and especially for construction workers very interesting and you know consumers have to be making this decision now they see interest rates going up to the buy now before the summer they wait when some people have to sell before they have to go back to some pick gets up to go to school to get up to let me ask you about jobs and we spoke a couple of weeks right after the may jobs report there was an interesting note that actually more job vacancies than the job seekers the now it's equal to it's
not the exact same the same workers don't have the jobs that are out there but at least it's it's equal which is nice but the three point nine percent unemployment rate it does create a tight job market is it going to be tough for employers to actually find the people to do the work needed to tape the companies growing and i guess in the aggregate aggregate keep their economy going. i think that we've already seen stark evidence that market it is it is almost impossible for employers to source skilled workers we've got fresh data out of the national federation of independent business that show that company's plans to increase compensation costs are at the highest level since this index started in one thousand nine hundred eighty four but by the same token i'm going to flip this on its head for two seconds challenger gray and christmas every month releases layoff data they also release hiring announcements and those have tumbled by fifty percent this year from four hundred percent to two
tissue from four thousand to two hundred thousand hiring intentions of also been cut in half i'm not sure if this is a skilled labor situation or if there is an undercurrent in the economy that again has me a little worried going into the second half of the year about the resilience the robustness of economic growth a danielle were pressured to time but love to have you back in the next few days to talk about what's going on with the traders circumstance and just really that's going to impact the economy all also daniele de martino both thank you as always for being with us thank you appreciate your time. and video games as delighted us for years and at this year's eve three video game expo which are no exception all the heavy hitters are there from sony microsoft the nintendo each one trying to get the one up on the competition now while there may
may sound like kid stuff let me assure you this is big business will billions of dollars on the table total value of the video game market globally is expected to be worth more than ninety billion dollars by twenty twenty. and that's it for this time you can catch boom bust on direct t.v. channel three twenty one dish network channel two eighty or streaming twenty four seven on pluto t.v. the free t.v. channel one thirty two or as always hit us up at youtube dot com slash boom bust archie we'll catch you next on. the legacy of coal guys are the winners the legacy oil guys are the winners the legacy all central bankers are the winners innovation you dynamism the constitution the bill of rights these are the losers in this america.
is getting international recognition with the help of israel at least in the world of zoos remember wolf it was dismissive to do it before you like humans. yes this is my complicity is something going on now phil saviano maybe. yeah you know john how about a tough job with a ship the only palestinians who gets the most help from his jerusalem counterparts i don't think there's some of those ruined on the vision they're not going to get it. and not fizzle off at that age to have to display any of the muscle that you have i don't want you to compete in the customs you know doing the most awesome because all. apply for many clubs over the years so i know the game inside guides. football isn't only about what happens on the pitch for the final school it's about the
passion from the fans it's the age of the super money kill the narrowness and spending two hundred twenty million one playa. it's an experience like nothing else not to because i want to share what i think what i know about the beautiful game played great so what more chance for. the base this minute.
we're not we're just very little bit early for that we have to get things moving the sanctions were remained in effect we will be stopping the war games unless and until we see that the future negotiation is not going along like it should. the final touches are being made for the fifa world cup in russia part two of our championship special manchester united manager just say more you know critics who will make it to. the german interior minister's plan to crack down on illegal immigration causes a major rift in our goals of the new coalition government. broadcasting live from our studios in moscow international certainly glad to have you with us. now the leaders of the u.s.
and north korea have hailed their historic summit in singapore as a success and a joint declaration when pledged to give up his nuclear arsenal although no timeline was given and in exchange donald trump agreed to suspend u.s. military exercises with south korea u.s. president said afterwards that the two had formed a strong relationship the turnaround comes just months after they were threatening each other with all out war anybody even we have developed a very special bond. north korea best not make any more threats to the united states they will be met with fire and fury and have mad men out there shooting rockets all over the place you will have no choice but to totally destroy north korea rocket man is a sick puppy. a frightened dog barks louder i will surely indefinitely tame the
mentally deranged us doted with fire. this is true is proven over and over again and visitors can indeed become friends both very honored to sign the document thank you. today we had a story meeting and decided to leave the past behind we're very proud of what took place today it worked out for both of us far better than anybody even predicted it's an honor to be with you.
later in the day the u.s. leaders said that without the highly aggressive language leading up to the summit the meeting would never have happened. without the rhetoric we wouldn't have been here i really believe you know we'd sanctions and all of the things that you would do but i think without the rhetoric you know other administrations i don't want to get specific on that but there is a a policy of silence sometimes i felt foolish doing it. but we had no choice despite of the show of friendliness at the summit there was one moment when kim jong un looked well a little taken back if not puzzled by one of president trump's comments. you can lose the motivation of the nation from you oh. yeah. donald trump wrapped up the summit in singapore with an hour long news briefing artie's come up and talk us through what he said they've agreed to four basic
points that were in the document that was signed by the president the united states and the leader of north korea first they agreed to a new us d.p. r. k. relationship a new relationship between the two countries secondly they agreed to a lasting stable peace and working toward to a facilitating a lasting stable peace on the korean peninsula they agreed to to a commitment to denuclearization getting rid of nuclear weapons on the korean peninsula and finally they did agree to return the bodies of p.o.w.'s missing in action the bodies of american soldiers who had died during the korean war or the bodies of american soldiers in the korean peninsula those are the four points of agreement now speaking at his press conference following the meeting did clarify some things he first of all he said that they will not be lifting the sanctions until until there is a full denuclearization of the peninsula donald trump said he look forward to lifting the sanctions but they will not be lifting the sanctions at the moment
furthermore trump said they would be stopping the war games the military exercises that north korea has often said are very threatening to them and are essentially report rehearsing for their destruction these military exercises will be stopped from said that they were very expensive and very provocative and from there we heard some more talk about what would go on on the peninsula itself this is donald trump we're not reduce are going to thing we're not reduced very little bit early for that we have to get things moving the sanctions will remain in effect we will be stopping the war games unless and until we see the the. future negotiation is not going along like it should so you saying there that the the number of troops on the korean peninsula will not be reduced at the moment now they are donald trump talks about the previous administrations and their record in dealing with north korea and how difficult it was to make this meeting this historic meeting you know
between two countries that have been basically at war with each other in a legal sense for the last sixty years how difficult it was to make this meeting happen this is donald trump talking about previous administrations and the difficulties they proceeded down a path in the past and ultimately as you know nothing got done in one case they took billions of dollars during the clinton regime to billions of dollars and nothing happened that was a terrible thing and he actually brought it up to me i don't think they've ever had the confidence frankly in a president that they have right now for getting things done and having the ability to get things done well there's obviously a huge amount of optimism around the world in the aftermath of this is story meeting however there are different voices asking how optimistic we really should be folks all recalling that donald trump did pull the u.s. out of the historic iran joint plan of action the nuclear deal other people are
wondering exactly how this denuclearization is going to take place with the sanctions not yet being lifted with the troops remaining on the peninsula in talks for first announced in march but last month kim voiced his anger over military drills between south korea and the u.s. and threatened to call it off then nine days later trump canceled the meeting accusing him of hostility but just the next day the white house said things were back on track on june first washington officially announced the summit would go ahead. the world's key players have all been responding to the talks china said history was made at the summit south korea. has also hailed what it sees as a new way forward and the e.u.'s foreign policy chief says the meeting showed that denuclearization of the korean peninsula is achievable japan though has said that pressure needs to be kept on the north until concrete steps towards disarmament are seen and some of the guests we spoke to aren't completely sold on america's
attitude either there is a strong. trist all mr trump thinking i think what he is now doing is actually finding a middle way for ensuring america's national security by trying to get into a deal with north korea and we effect some corn straining effect on north korea along the way of the talk now means even the nuclearization will not be completed do you know justice has fewer hands on puno from now on. iran has expressed skepticism over the talks with the country's foreign ministry advised pyongyang to be vigilant when dealing with trump after he pulled out of the two thousand and fifteen nuclear agreement with iran. the us administration's failure to honor its commitments to others particularly the j c p a as an international agreement endorsed by a un resolution makes us watch mr trump and america's behavior with much pessimism
but for now we cannot be optimistic about their behavior and i think the north korean government should deal with this issue very carefully the united states is not the sort of country that anyone can trust as the iranians know quite well that j c p o a was an agreement that iran made many sacrifices for iran shut down much of its peaceful nuclear program a legitimate nuclear program so under these circumstances i think the iranians have a very good reason to be skeptical and the north koreans should be careful even the iran has very good relations with south korea more extensive relations but the united states is dangerous. the group of railway workers in paris and has attempted to storm a t.v. channel accusing it of anti union propaganda but. i .