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tv   News  RT  June 13, 2018 2:00pm-2:31pm EDT

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the first tool we ended up geopolitically mao aligning them with with the russians and the chinese so i would say no sanctions have been counterproductive this is an economy that is not very subject such as iran to sanctions pressure or russia to sanctions pressure so they have not worked in north korea the way the united states and the united nations wish that they would have it we welcome international lawyer trade expert thank you sir for being here thank you very much appreciate it. and while we are a long way off some like i mentioned former defense secretary william cohen who says it could be a decade what would be a stable north korean peninsula mean in terms of economic opportunity one possible initiative we may see sooner than later is a shared gas pipeline between north and south korea and russia is hoping to cash in on that argues alex mahela bitch and following the story in toronto alex we are obviously in the very early stages of north and south korea having closer ties but
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you can be sure that the nations of the world are already looking at the potential benefits of a peaceful korean peninsula even if it takes a number a year of years tell us about this pipeline idea. we know that north korea is a resource rich in every way shape and form and just about cellphones and all the rare minerals that they have up there but beyond that like this pipeline would be huge and of course russia's gazprom they've been on it they wanted to do this for a very long time there was a preliminary agreement signed between south korea and russia back in two thousand and eight it didn't really move forward since then to deliver gas from russia to south korea but to do this affectively 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 are trying to put. down on the coal and this is something that they really
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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 e e sort of mentioned 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.
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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 we heard from a top level korean politician and here's a quote from them and this is talking 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 natural 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 the. we're working together just imagine what you can have
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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 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
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a quick break with haying here because when we return danielle de martino both helps us take stock probably a better word 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. when lawmakers manufactured them sentenced to two from public will. when the ruling closest to protect themselves. with the flame and clear your own lives and be the one percent so. we can all middle of the room signals. from the real news
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room. the trump gym 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 short term gains at the expense of a longer term growth sell us out of vesting in the future and products and employees here taking all of future revenues if you're booking it today just like the man is buying back all the stuff in his own store yes he bought back all of a stuff in his store and he has a lot of revenue but now my store is empty and he has nothing to sell so the next quarter he says my sales are zero because i have nothing in the store to sell i bought it all myself so similarly with apple dell buyback all their stock they want to invest. future and when it comes time to report earnings in
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a year or two from now nothing to report. will go twenty eight team coverage we've signed one of the greatest goalkeepers available to us but there was one more question and by the way who's going to be our coach. guys i know you on the us he's a huge star among us and the huge amount of pressure you have to the center of the problem here with you and you will solo the great game. you are the rock at the back nobody gets past you we need you to get down going let's go. a low as i want to and i'm really happy to join that today and for the two thousand and ten world cup in russia meet the special one come on south appreciate me to just take the reader beyond the team so they just addition to make up as we go. with.
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welcome back the u.s. district court has just rendered as decision 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 decision and the impact it will have on the future of media as we speak with special guests attorney andre barlow and perhaps some others and brazil's murder 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 brazil. government with contributions from rio de janeiro
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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 fears 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 city has said that more than two fists of their employees would be the quote most fertile for machine processing the problem comes 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 how we refer to things these days. and meal kits gained traction by taking the
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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 signed 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 two thousand and 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 new fangled 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's open markets committee
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committee begins two days of meetings to take a look at where the u.s. economy stands we're joined by daniel boot 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 at the 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 work and serious 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 out 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
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a rough go of it already let me ask you a little bit about 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 tariff talk may have forced some some blind buying some panic buying on the part of manufacturers but take one example of
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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
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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 you 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 the i don't know
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news networks to do the news and people that comment upon what they've done but i agree more transparency the better your 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
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workers very interesting and you know consumers have to be making this decision now they see interest rates going up to the buy it now before the summer they wait when some people have to sell before they have to go back to some pickets have 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 in part that 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
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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.
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and video games as delighted us for years and at this year's eve three video game expo it's a 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 or may sound like good 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 directv channel three twenty one dish network channel two eighty or streaming twenty four seven on pluto t.v. the free t.v. app channel one thirty two or as always hit us up at youtube dot com slash boom bust r.t. will catch you next time.
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and so see you played golf. and is getting international recognition with the help of israel at least in the world of zoos and then bill fails to miss it like you know that this is my complicity is going on the sunday oh maybe you know john you tell me. the only palestinians who gets the most helpful is to respond counterparts i don't think this is a muslim. it's ruined the vision to know only because it is. and the earth is all of us that is just this lady of the muscle that you have i don't think it'll get in the doesn't seem to do more camillus also because often. when a loved one is murder it's natural to seek the death penalty for the murder i would
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prefer and it's meaningless in the death penalty just because i think that's the fair thing the right thing research shows that for every nine executions one convict is found innocent the idea that we were executing innocent people is terrifying the is just no way to present and that we're even many of the times families want the death penalty to be abolished the reason we have to keep the death penalty here is because that's what murder victim's families what that's going to give them peace that's going to give them justice and we come in and say. not quite enough we've been through this this isn't the way. there's just a day to go before the teams from around the globe start to compete in russia's twenty eighteen world cup but one one has already been announced
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a fee for chooses who will host the tournament in twenty twenty six. hundred for this world cup renowned manager to say marino gives us his predictions for which teams will go furthest. brazil the first of course will. be doing more. yamla be. plus a new era of peace donald trump hails his historic summit with north korea's kim jong un as a success but some are questioning whether he'll make good on his promises.
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hello from me in the team here at r.t. h.q. in moscow i'm calling bright welcome this when the states for in the afternoon here in moscow and it's almost upon us excitement building for the biggest event in the footballing calendar the fifa world cup the tournament set to get going in russia on thursday with everyone from players to officials and fans gearing up for it the host russia will face saudi arabia in the first match on thursday night right after the opening ceremony at moscow's luzhniki stadium. now the world cup's already seen its first upset with one of the favorites spain seeing its head coach sacked and replaced it just two days before their first game which is up against portugal. will be replaced by the spanish football associations own sporting director fernando hierro of the shock dismissal came after a lot of teddy announced on tuesday that he'd accepted the job as manager of
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a rail madrid that infuriated spanish football officials. but i only got it we're all here because we've had to dismiss the manager of the national team they have provided no information to the royal spanish football federation we learnt it only five minutes before the press conference it has to be a message to all employees of the rule spanish football federation that this is no way to act so. many are wondering how that sudden change is going to affect the spanish squads morale well we've been getting predictions and unique insight from one of the best minds in football to say marino told us who he thinks will make it to the quarterfinals. portugal and brazil the festive portugal people will say that i'm doing emotional jol and i think. yeah might be the best of all for sure for the final i
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will first of all go for the school. and i wasn't in the german. north i want. brazil germany is the revenge of the result. so brazil will finish so. you know it does mean is not just. like to come to the. extra time. the level of play is that they take a penalty. that is a one more penalty and that the last battle the one takes let's see another one it takes one. in their lives to go to match it. was a very funny exercise. but. then all those probably didn't even go all over the group for years and probably some of the teams that
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didn't include in the last sixteen. probably there are good to be in the world to fight over and instead we files and files for good isn't predictable and that's the main reason to view the beautiful game or do you enjoy doing. it to get totally different i don't understand why do you need another doesn't want to know well you can never have too many merinos so for the world cup we've found the perfect co-host for you so much expertise from jerusalem you don't miss it politic guys i'm not going to work with him you have to call the attention and i want another co-host. you can find more of the manchester united manager predictions over on r.t. dot com and if you think you know any better you can challenge him just head to facebook or twitter and use the hash tag match merino you're all set to go meanwhile the teams are all hard at work preparing for their opening matches the england squad held its first training session clusters and petersburg one of its forwards marcus rash but didn't take part as a precaution after straining
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a need before arriving in russia the team's been drawn in group g. and face to use here in the southwest and city of volgograd on monday in a world cup fever sweeping across russia fifa members have been voting for the host of the twenty twenty six competition they backed a joint bid from canada the u.s. and mexico rejecting rocker's bit. so with the. next thing you. know the history has been made that twenty twenty six world cup will be going across the atlantic to north america the joint bid by the united states mexico and canada comes as a little surprised if i'll be completely honest because in the run up to this vote actually the transparency open public vote conducted at a few for congress electing a world cup host country so in the run up to that vote
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a lot has been said about how strong the north american bid is how little there is to be done in terms of infrastructure in terms of transportation whilst the big coming from morocco was somewhat inferior in that respect more than sixteen billion dollars were had to be invested if morocco had won the right to host the twenty twenty six world cup but in case of the united states not only in case of the north american but not only the actual spend the expenditure on the infrastructure would have been smaller but the profits the projected profits would have been bigger as well so the vote was overwhelming in. the side off the north american bed with more than one hundred thirty member states one hundred thirty four to be precise voting for the north american bid with around sixty placing their ballot for morocco that's about thirty three percent and now obviously the world cup in twenty twenty six will be going to north america despite all the speculation that
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trumps rhetoric in the last let's say couple of months even trying to expedite this bit and in a way bully the countries into voting for the north american bid despite all that north american became stronger some may say it was mind all the hard but in this respect it mattered to the people of mexico us. canada because they will be hosting the biggest event in world football in eight years from now so come twenty twenty six football fans will be travelling the length and breadth of north america to see their teams in action the tournament itself is going to be the biggest since it began in one thousand thirty with a forty eight teams taking part that's sixteen more than the current format football consultant and former free for communications director walter gregorio told me about the immense organizational challenges the three countries now face. i was involved in the organization of the world cup in brazil how complicated it was only on the legal level to put everything together because a when it comes to taxes when it comes to any sort of legal
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discussion already when you have one single country but different states it is very complicated but at the end of the day money is talking and if you see the forecast is more than fourteen billion u.s. dollars for four for the united bid and i think seven billion still enough but it's half for the more i think for the france it's even something that might be like you know they could say ok we go and have fun at the games and then we travel around so i don't think that this is a kind of a negative factor in terms of organizing a world cup talking from fee for side for sure it's easier to have in one country. before voting at the fifa congress got underway president putin welcomed football's main governing body to moscow thanking them for the close cooperation and assistance they gave during.

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