Transcripts For RT Boom Bust 20240712 : vimarsana.com

Data from john hopkins showed the crown a virus surpassed half a 1000000 deaths over the weekend with more than 10100000 and factions worldwide while the overall death rate has flattened in recent weeks Health Experts are concerned of a possible resurgence as new cases are indeed spiking australia recorded its largest daily outbreaks in april 11th with 85 new corona virus infections in 24 hours now the country is looking to place more restrictions including social distancing guidelines and as the European Union opens its borders the European Commission declined to comment on the list of countries whose citizens will be allowed to enter the e. U. In the coming days. Were not going to speculate on what is going to be the final decision by the council we of course understand the huge interest that this issue raises. But for the moment do is a process of Decision Making process in the council. And we do not want to speculate on what the final result will be and amid a spike in coven 1000. 00 cases britain is now considering a lockdown for the central english city of luster marking the 1st time a particular region would face extreme measures meanwhile states across the u. S. Are seeing a resurgence of cases 12 states are pausing reopening cases surge with more than 45000. 00 new infections reported in one day only connecticut and rhode island reported a decline in new coven 1000 cases while arizona texas and florida are the latest epicenters well California Governor Gavin Newsom ordered bars in los angeles and other counties to close due to the rising spread or President Trump still refuses to wear a mask Vice President mike pence well hes now urging residents to wear face masks especially younger americans. If your local officials in consultation with the state. Are directing you to wear a mask we encourage everyone to wear a mask in the affected areas and where you cant maintain social distancing. Wearing a mask is just a good idea and it will we know from experience. Will slow the spread of the corona virus. Global markets are reacting to a possible resurgence of new coronavirus cases which it could we be thing affected way before the fall well for a more indepth Market Analysis channel Todd Horowitz chief strategist of the trading and editor for logical investor sean hyman gentlemen thank you for joining me today todd lets start with you the tech sector seems to be lagging industrials seem to be leading on this monday the dow jones popped early on monday jumping around 400. 00 points this comes this obviously rebound comes after a major drop that we saw on friday bubble whats driving this rally is it just pure optimism and how does this contrast with what the state of these renewed lockdowns that were seeing across the u. S. Why theres a lot of things driving the market the 1st thing is the same old Federal Reserve put thats underneath this market right now the only place to invest right now but i think whats really driving today and what it will probably drive tomorrow is were at the end of the quarter end of the month and then russell is going to rebalance tomorrow so typically this could be you know its still a reality that can continue i would think its getting it all a little frothy up here but at the end of the day you know you cant really fight the tape you cant fight whats going on and you know we still see markets theyre really just churning it up in a pretty wide range they run up to the top of the range to come back that about a range and go right back up again so really its more of the free money but this particular rail at think is more because Fund Managers want to get their there and they want to make sure they get in and they want to make sure their books look good going. For the 3rd quarter or so i think that would be the biggest thing that i would look at is the overall way the end of the quarter and most of the month is coming in which is typically fairly bullish anyways white house economic adviser larry kudlow was was just on the n. B. C. Talking about how hes still expecting that v. Shaped recovery weve seen it go up and down for last couple of weeks i mean were in were going into july now more states were expected to reopen but were not in a fairly thing that sean let me let me turn to boeing that had a really big impact today it popped more than 7 percent at the open where do you see this Aerospace Giant going from here. Will. In the near term there is a lot of momentum on it theres day traders on it theres all kinds of things you know pushing it up near term and i think that momentum could continue near term declining today moving average probably hit that and then and then come back off of it i think theres another leg down for boeing a lot of its customers are broke you know the airlines Warren Buffett has dumped them hes got a lot of concern with the airlines and i think thats a big issue because there was something drops a lot he made more of it you know not dump it and he dumped those so i think thats a big concern some really not looking to invest in boeing anytime soon it would make the kind of biological investor stocks it gets slammed down again and gives us a little bit more of a margin of safety maybe so well and thats possibly what what were seeing looking at todd lets take this overseas lets look a broad hop across the Atlantic Ocean and check in on some european stocks the end x. s is pushing higher its still struggling as a coronavirus does continue to tear across the u. S. And those markets are reacting to that what could we see in the european markets given the theyre reopening as will likely be much faster i mean theyre already starting to to see to open their borders some some tore them could be opening of the e. U. Bloc to some travelers drive the rally even further. You know i mean again theyre in the same position we are there theres so much money available. So little cost that it makes sense to invest plus the fact that theyre much more beaten down than we are i mean were basically were still near our all d time highs so theyve been theyve been hammered much more over time and listen theres a lot of people here that are looking to invest there plus their own investors are they again you could see these realities exist longer and that only goes back to the central Banking Systems willing to do is they say whatever it takes so theyll continue to print money keep Interest Rates lower 0 or negative and that will that has to propel markets because theres basically no where else to put your money i mean again i dont think theres any fundamental reason that id want to be jumping in here i think at all markets were probably well overdone but again you cant get in front of it youve got to let it react 1st before you start to try to sell it in my opinion there seems to be obviously a lot of stimulus a lot of help from the from these resources they have now i want to change a little bit and start with you shawn the Supreme Court made a ruling here in the United States stating that the structure of the Consumer Financial Protection Bureau is unconstitutional essentially what this means is that the organization cannot continue to operate but its leader can actually be removed or even fired at the will of the president what does this actually mean Going Forward for consumers and what does this ruling mean for the future of these financial watchdogs. Yeah i mean i do think they need somebody overall but i think its a facade to think that it wont ever be influenced by politics i mean you know 2008 happens in there instituted by president obama and warren as political and then the latest appointee is trump you know the latest director in place so thats political and so i dont think you can take it away from a political influence and my answer is probably a little bit more controversial but i think that a lot of these bureaus and committees and things like that really dont do a lot of good theyre placed there for political reasons to appease the public thinking that ok now theyre doing something that wont repeat itself in the future but it doesnt stop the war card from. Happening it didnt stop the rift go ethics is back in the day and this here wont stop something in the future from happening either todd whats your take. I do or shawn i think these organizations are ridiculous and again they may have a good purpose if they actually ran correctly but they dont ok i mean again between all the financial regulatory bodies out there nobody runs it the way it should be because they know they have the taxpayer to bail him out later its theres no protection for anybody because again you took on the limits of the banks right now so you have you know theyre lending out which is really creating new money which is going to create a bigger mess i mean you know these guys would actually do something if these were going to actually handle the things correctly and handle the regulations the way theyre supposed to be they would be good but the weather right now they are just political organizations that have been as pawns in a much Bigger Picture well its definitely always i and always seem to turn that way right political and where theyre going to get bailouts everythings going to be fine theyre going to be saved and thats exactly what were seeing and who knows how long still this will last because we are seeing the volatility continue taught her whats chief strategist of a trading and shawn hyman of the logical investor thank you both so much for your expertise and your time today. Thank you. Amazon is facing backlash in at least 40 hours of shut down in germany as workers have gone on strike after staff at warehouses theyve tested positive for corona virus will workers at 6 of the companys german warehouses are striking on monday and tuesday theyre saying that the ecommerce giant is placing workers at risk and even endangering their health and and is endangering the health of employees in favor of corporate profit well joining us now to discuss. Cohost and investigative journalist ben so on about the sounds familiar i feel like weve talked about this before a 48 hour strike though its not very long what do these workers hope to accomplish. Well its not very long 48 hours is obviously just really a kind of a shot across the bow if you will for workers to essentially to say to amazon we need you to get into line and to treat us the way that they feel they should be treated it is a big deal in germany though you have to remember that germany is amazon 2nd largest market after the United States so it could have a huge impact at least on delivery times and again were talking about 6 different warehouses across the country the question will be this sara whether or not this move by german employees who are striking will will catch on in other places including here in the u. S. Where more workers may strike especially now that were seeing a resurgence of cove it you know in in germany the union is claiming that 30 to 40 amazon workers have contracted coronavirus inside of the warehouses amazon says that theyre doing everything they can they have Hand Sanitizer masks and gloves everything thats needed and yet people are still contracting the disease there so itll be interesting to see how this plays out in other places as well on amazon have come under fire not only in germany but here any night of day over these warehouse conditions right during the crown of various companies also face that criticism over how it handled it workers who speak out right. Know thats thats very true keep in mind amazon has fired 3 workers who essentially have spoken out about the company and the conditions there one of them they said was violating social distancing 2 of them they said violated centrally corporate rules that say youre not allowed to talk about the company to anyone and so they essentially fired to warehouse workers who were trying to organize and then remember there was a v. P. Who actually stepped down from amazon recently saying that the way the company goes after people who do speak out about Business Practices creates a chilling climate and didnt want to be a part of it anymore so we are seeing a reaction from people who have been involved in the company who are walking away from the Company Amazon is a behemoth theres no question about it there is no reason i dont think in most peoples minds why you cant themselves in terms of being like the Big Corporation that doesnt care about the workers. Well this whole issue of firing workers its huge where has this happened and what has been the fallout. Well i think the follow has been obviously that more and more workers have been pushing back as i mentioned there have been 3 different workers who have gotten fired recently the question in the again is it really going to come down to whether or not workers will get better representation in terms of how they deal with amazon whether or not theres going to be a kind of a new push for unionizing here in the u. S. Other countries have it germany obviously has unions theyre not specific to amazon its a larger union for retail workers thats whos representing the workers in germany right now but i think there are Big Questions moving forward about how amazon continues to carry itself and whether or not lawmakers at some point will have the guts to step in and say is amazon violating the law in terms of when someone attempts to unionize when Union Workers attempt to strike and those individuals happen to be fired for supposedly unrelated reasons whether or not there is there are laws being violated and so i think that were kind of coming to a head on some of these things but especially right now when there is so much attention on a company like amazon that is providing a lot of very necessary goods for people who are stuck at home and they are and people are still turning to them so i dont see them going anywhere unfortunately their workers are getting sick overseas now and here in the u. S. I mean like we mentioned there have been workers getting sick not enough implementation of safety and theyre just mishandling unfortunately the situation remember we spoke about how they werent even informing their warehouse workers about their employees who were getting sick so im sure this situation isnt going anywhere whether or not other countries are amazon warehouses will follow suit will yet we have yet to see but im sure well have more to talk about the best cohost and investigative journalist and so on thanks again sort of things. Time now for a quick break but stay here because when we return. Boeing driving up the dow is up after the 1st 737 mock certification flight took off natasha sweet will join up with more as we go to break heres a number thats the book. You care to be loaded with yet you look. Good. When i almost showed small seemed wrong but old bulls just dont hold. The old yet to shape out these days to come to the ticket and in gains from it because the trail. When so many find themselves worlds apart we choose to look for common ground. But a quick History Lesson in economics you know people talk about socialism what is socialism business idea that labor as a value and that people want to take part and the means of production and the guest starting in the 1980 s. That became obsolete because all wealth was tied to money printing today 2020 so that would be 40 years later than this phenomenon 1st socalled activist and labor rights activists and workers are getting out that the problem is not about the means of production the problem is the money printers and theyre taking action. The world is driven by shaped by. The day or thinks. We dare to ask. What is the meaning in the worth of history why are there are those so determined to destroy cultural artifacts and rewrite history and so the understanding of history a true and just passionate understanding of history is really about 2 things reverence and a warning the culture side we are witnessing rejects the idea. Is youll be a reflection of reality. In a world transformed. What will make you feel safe. Isolation from you that you think. Are you going the right way or are you being led. By. What is true. Is faith. In the world corrupted you need to descend. So join us in the depths. Or remain in the shallows. Pharmaceutical giant bayer has agreed to pay more than 10000000000. 00 to settle lawsuits by round up users in the u. S. Who say the weed killer caused their cancer the agreement will bring an end to most of the lawsuits the company now faces but it doesnt mean bayer is off the hook for future lawsuits will joining me now to explain is legal journalist molly barrows contributor to americas lawyer what are the terms of the settlement and does this mean that bayer is now admitting liability. I sarah will of course bear says in no way shape or form does this mean that they are admitting liability theyre in fact fighting 3 individual verdicts that happened that they basically got verdicts against in the case of other individual people who say they got cancer from using round up in particular theres an active ingredient that theyre focusing on so no theyre not admitting liability but in the settlement which they have agreed to theyre basically going to pay between 9. 00 and 9. 00 and a half 1000000000. 00 to settle roughly 75 percent of some 125000. 00 lawsuits and also as part of the settlement there are theyre going to have to pay about 1250000000. 00 more than the 1000000000. 00 to fund a Scientific Panel of independent scientists who will take a look closely at round up including that specific kemp. A glass of fate and determine if it does cause cancer and thats where things start to get interesting with the settlement how is this Research Going to play a role in into the settlement. Well thats whats so interesting really about this because essentially its going to take their say in about 4 years to form this panel to get this research off the ground and if they find that glass of fate which is the active chemical ingredient in round up which Health Experts<\/a> are concerned of a possible resurgence as new cases are indeed spiking australia recorded its largest daily outbreaks in april 11th with 85 new corona virus infections in 24 hours now the country is looking to place more restrictions including social distancing guidelines and as the European Union<\/a> opens its borders the European Commission<\/a> declined to comment on the list of countries whose citizens will be allowed to enter the e. U. In the coming days. Were not going to speculate on what is going to be the final decision by the council we of course understand the huge interest that this issue raises. But for the moment do is a process of Decision Making<\/a> process in the council. And we do not want to speculate on what the final result will be and amid a spike in coven 1000. 00 cases britain is now considering a lockdown for the central english city of luster marking the 1st time a particular region would face extreme measures meanwhile states across the u. S. Are seeing a resurgence of cases 12 states are pausing reopening cases surge with more than 45000. 00 new infections reported in one day only connecticut and rhode island reported a decline in new coven 1000 cases while arizona texas and florida are the latest epicenters well California Governor Gavin Newsom<\/a> ordered bars in los angeles and other counties to close due to the rising spread or President Trump<\/a> still refuses to wear a mask Vice President<\/a> mike pence well hes now urging residents to wear face masks especially younger americans. If your local officials in consultation with the state. Are directing you to wear a mask we encourage everyone to wear a mask in the affected areas and where you cant maintain social distancing. Wearing a mask is just a good idea and it will we know from experience. Will slow the spread of the corona virus. Global markets are reacting to a possible resurgence of new coronavirus cases which it could we be thing affected way before the fall well for a more indepth Market Analysis<\/a> channel Todd Horowitz<\/a> chief strategist of the trading and editor for logical investor sean hyman gentlemen thank you for joining me today todd lets start with you the tech sector seems to be lagging industrials seem to be leading on this monday the dow jones popped early on monday jumping around 400. 00 points this comes this obviously rebound comes after a major drop that we saw on friday bubble whats driving this rally is it just pure optimism and how does this contrast with what the state of these renewed lockdowns that were seeing across the u. S. Why theres a lot of things driving the market the 1st thing is the same old Federal Reserve<\/a> put thats underneath this market right now the only place to invest right now but i think whats really driving today and what it will probably drive tomorrow is were at the end of the quarter end of the month and then russell is going to rebalance tomorrow so typically this could be you know its still a reality that can continue i would think its getting it all a little frothy up here but at the end of the day you know you cant really fight the tape you cant fight whats going on and you know we still see markets theyre really just churning it up in a pretty wide range they run up to the top of the range to come back that about a range and go right back up again so really its more of the free money but this particular rail at think is more because Fund Managers<\/a> want to get their there and they want to make sure they get in and they want to make sure their books look good going. For the 3rd quarter or so i think that would be the biggest thing that i would look at is the overall way the end of the quarter and most of the month is coming in which is typically fairly bullish anyways white house economic adviser larry kudlow was was just on the n. B. C. Talking about how hes still expecting that v. Shaped recovery weve seen it go up and down for last couple of weeks i mean were in were going into july now more states were expected to reopen but were not in a fairly thing that sean let me let me turn to boeing that had a really big impact today it popped more than 7 percent at the open where do you see this Aerospace Giant<\/a> going from here. Will. In the near term there is a lot of momentum on it theres day traders on it theres all kinds of things you know pushing it up near term and i think that momentum could continue near term declining today moving average probably hit that and then and then come back off of it i think theres another leg down for boeing a lot of its customers are broke you know the airlines Warren Buffett<\/a> has dumped them hes got a lot of concern with the airlines and i think thats a big issue because there was something drops a lot he made more of it you know not dump it and he dumped those so i think thats a big concern some really not looking to invest in boeing anytime soon it would make the kind of biological investor stocks it gets slammed down again and gives us a little bit more of a margin of safety maybe so well and thats possibly what what were seeing looking at todd lets take this overseas lets look a broad hop across the Atlantic Ocean<\/a> and check in on some european stocks the end x. s is pushing higher its still struggling as a coronavirus does continue to tear across the u. S. And those markets are reacting to that what could we see in the european markets given the theyre reopening as will likely be much faster i mean theyre already starting to to see to open their borders some some tore them could be opening of the e. U. Bloc to some travelers drive the rally even further. You know i mean again theyre in the same position we are there theres so much money available. So little cost that it makes sense to invest plus the fact that theyre much more beaten down than we are i mean were basically were still near our all d time highs so theyve been theyve been hammered much more over time and listen theres a lot of people here that are looking to invest there plus their own investors are they again you could see these realities exist longer and that only goes back to the central Banking Systems<\/a> willing to do is they say whatever it takes so theyll continue to print money keep Interest Rates<\/a> lower 0 or negative and that will that has to propel markets because theres basically no where else to put your money i mean again i dont think theres any fundamental reason that id want to be jumping in here i think at all markets were probably well overdone but again you cant get in front of it youve got to let it react 1st before you start to try to sell it in my opinion there seems to be obviously a lot of stimulus a lot of help from the from these resources they have now i want to change a little bit and start with you shawn the Supreme Court<\/a> made a ruling here in the United States<\/a> stating that the structure of the Consumer Financial<\/a> Protection Bureau<\/a> is unconstitutional essentially what this means is that the organization cannot continue to operate but its leader can actually be removed or even fired at the will of the president what does this actually mean Going Forward<\/a> for consumers and what does this ruling mean for the future of these financial watchdogs. Yeah i mean i do think they need somebody overall but i think its a facade to think that it wont ever be influenced by politics i mean you know 2008 happens in there instituted by president obama and warren as political and then the latest appointee is trump you know the latest director in place so thats political and so i dont think you can take it away from a political influence and my answer is probably a little bit more controversial but i think that a lot of these bureaus and committees and things like that really dont do a lot of good theyre placed there for political reasons to appease the public thinking that ok now theyre doing something that wont repeat itself in the future but it doesnt stop the war card from. Happening it didnt stop the rift go ethics is back in the day and this here wont stop something in the future from happening either todd whats your take. I do or shawn i think these organizations are ridiculous and again they may have a good purpose if they actually ran correctly but they dont ok i mean again between all the financial regulatory bodies out there nobody runs it the way it should be because they know they have the taxpayer to bail him out later its theres no protection for anybody because again you took on the limits of the banks right now so you have you know theyre lending out which is really creating new money which is going to create a bigger mess i mean you know these guys would actually do something if these were going to actually handle the things correctly and handle the regulations the way theyre supposed to be they would be good but the weather right now they are just political organizations that have been as pawns in a much Bigger Picture<\/a> well its definitely always i and always seem to turn that way right political and where theyre going to get bailouts everythings going to be fine theyre going to be saved and thats exactly what were seeing and who knows how long still this will last because we are seeing the volatility continue taught her whats chief strategist of a trading and shawn hyman of the logical investor thank you both so much for your expertise and your time today. Thank you. Amazon is facing backlash in at least 40 hours of shut down in germany as workers have gone on strike after staff at warehouses theyve tested positive for corona virus will workers at 6 of the companys german warehouses are striking on monday and tuesday theyre saying that the ecommerce giant is placing workers at risk and even endangering their health and and is endangering the health of employees in favor of corporate profit well joining us now to discuss. Cohost and investigative journalist ben so on about the sounds familiar i feel like weve talked about this before a 48 hour strike though its not very long what do these workers hope to accomplish. Well its not very long 48 hours is obviously just really a kind of a shot across the bow if you will for workers to essentially to say to amazon we need you to get into line and to treat us the way that they feel they should be treated it is a big deal in germany though you have to remember that germany is amazon 2nd largest market after the United States<\/a> so it could have a huge impact at least on delivery times and again were talking about 6 different warehouses across the country the question will be this sara whether or not this move by german employees who are striking will will catch on in other places including here in the u. S. Where more workers may strike especially now that were seeing a resurgence of cove it you know in in germany the union is claiming that 30 to 40 amazon workers have contracted coronavirus inside of the warehouses amazon says that theyre doing everything they can they have Hand Sanitizer<\/a> masks and gloves everything thats needed and yet people are still contracting the disease there so itll be interesting to see how this plays out in other places as well on amazon have come under fire not only in germany but here any night of day over these warehouse conditions right during the crown of various companies also face that criticism over how it handled it workers who speak out right. Know thats thats very true keep in mind amazon has fired 3 workers who essentially have spoken out about the company and the conditions there one of them they said was violating social distancing 2 of them they said violated centrally corporate rules that say youre not allowed to talk about the company to anyone and so they essentially fired to warehouse workers who were trying to organize and then remember there was a v. P. Who actually stepped down from amazon recently saying that the way the company goes after people who do speak out about Business Practices<\/a> creates a chilling climate and didnt want to be a part of it anymore so we are seeing a reaction from people who have been involved in the company who are walking away from the Company Amazon<\/a> is a behemoth theres no question about it there is no reason i dont think in most peoples minds why you cant themselves in terms of being like the Big Corporation<\/a> that doesnt care about the workers. Well this whole issue of firing workers its huge where has this happened and what has been the fallout. Well i think the follow has been obviously that more and more workers have been pushing back as i mentioned there have been 3 different workers who have gotten fired recently the question in the again is it really going to come down to whether or not workers will get better representation in terms of how they deal with amazon whether or not theres going to be a kind of a new push for unionizing here in the u. S. Other countries have it germany obviously has unions theyre not specific to amazon its a larger union for retail workers thats whos representing the workers in germany right now but i think there are Big Questions<\/a> moving forward about how amazon continues to carry itself and whether or not lawmakers at some point will have the guts to step in and say is amazon violating the law in terms of when someone attempts to unionize when Union Workers<\/a> attempt to strike and those individuals happen to be fired for supposedly unrelated reasons whether or not there is there are laws being violated and so i think that were kind of coming to a head on some of these things but especially right now when there is so much attention on a company like amazon that is providing a lot of very necessary goods for people who are stuck at home and they are and people are still turning to them so i dont see them going anywhere unfortunately their workers are getting sick overseas now and here in the u. S. I mean like we mentioned there have been workers getting sick not enough implementation of safety and theyre just mishandling unfortunately the situation remember we spoke about how they werent even informing their warehouse workers about their employees who were getting sick so im sure this situation isnt going anywhere whether or not other countries are amazon warehouses will follow suit will yet we have yet to see but im sure well have more to talk about the best cohost and investigative journalist and so on thanks again sort of things. Time now for a quick break but stay here because when we return. Boeing driving up the dow is up after the 1st 737 mock certification flight took off natasha sweet will join up with more as we go to break heres a number thats the book. You care to be loaded with yet you look. Good. When i almost showed small seemed wrong but old bulls just dont hold. The old yet to shape out these days to come to the ticket and in gains from it because the trail. When so many find themselves worlds apart we choose to look for common ground. But a quick History Lesson<\/a> in economics you know people talk about socialism what is socialism business idea that labor as a value and that people want to take part and the means of production and the guest starting in the 1980 s. That became obsolete because all wealth was tied to money printing today 2020 so that would be 40 years later than this phenomenon 1st socalled activist and labor rights activists and workers are getting out that the problem is not about the means of production the problem is the money printers and theyre taking action. The world is driven by shaped by. The day or thinks. We dare to ask. What is the meaning in the worth of history why are there are those so determined to destroy cultural artifacts and rewrite history and so the understanding of history a true and just passionate understanding of history is really about 2 things reverence and a warning the culture side we are witnessing rejects the idea. Is youll be a reflection of reality. In a world transformed. What will make you feel safe. Isolation from you that you think. Are you going the right way or are you being led. By. What is true. Is faith. In the world corrupted you need to descend. So join us in the depths. Or remain in the shallows. Pharmaceutical giant bayer has agreed to pay more than 10000000000. 00 to settle lawsuits by round up users in the u. S. Who say the weed killer caused their cancer the agreement will bring an end to most of the lawsuits the company now faces but it doesnt mean bayer is off the hook for future lawsuits will joining me now to explain is legal journalist molly barrows contributor to americas lawyer what are the terms of the settlement and does this mean that bayer is now admitting liability. I sarah will of course bear says in no way shape or form does this mean that they are admitting liability theyre in fact fighting 3 individual verdicts that happened that they basically got verdicts against in the case of other individual people who say they got cancer from using round up in particular theres an active ingredient that theyre focusing on so no theyre not admitting liability but in the settlement which they have agreed to theyre basically going to pay between 9. 00 and 9. 00 and a half 1000000000. 00 to settle roughly 75 percent of some 125000. 00 lawsuits and also as part of the settlement there are theyre going to have to pay about 1250000000. 00 more than the 1000000000. 00 to fund a Scientific Panel<\/a> of independent scientists who will take a look closely at round up including that specific kemp. A glass of fate and determine if it does cause cancer and thats where things start to get interesting with the settlement how is this Research Going<\/a> to play a role in into the settlement. Well thats whats so interesting really about this because essentially its going to take their say in about 4 years to form this panel to get this research off the ground and if they find that glass of fate which is the active chemical ingredient in round up which Cancer Patients<\/a> are saying is causing their cancer and which also makes the product so effective remember this is the most widely used pesticides in the world so its impacting people across the u. S. As well as agriculture and other activities around the world so basically if they come back and say life of faith is cause is carson eject meaning it can cause cancer then theyre going to face potentially more lawsuits if they come back and say no on a doesnt cause cancer then basically anybody that you know they theyre not going to be able to sue anymore because theyre going to say this is it so this money thats been set aside will be for anybody that filed suit before june 24th if they come back 4 years from now in the Scientific Panel<\/a> says hey you know what we do think that this does cause cancer then its going to be wide open again think of todd centrally face a whole flood of new lawsuits when its interesting to see who funds those studies right where does the money come from and what theyre trying to find and manipulating some data perhaps but what does science actually say so far about life ac. Well you hit the nail on the head sara theres always questions about who do who does these studies whos funding them and theres a lot of controversy even around whose side the e. P. A. Is on there are Government Agency<\/a> you know assigned to protect the American People<\/a> basically from corporations that would take advantage and use their might to push bad products or potentially dangerous chemicals down our throat if you will not part of the problem with the life of faith you know its its the most widely used pesticide in the world as ive mentioned before monsanto originally. Introduced this product into the environment if you will but it didnt really take off for a couple of decades it was back in 171 now its widely used and in fact bear which bought monsanto has a product that they call roundup ready seeds which are spread all over the world they basically are you know engineer to be resistant to round up so its theres a lot riding on this and there just arent a lot of studies so bear and the other attorneys are basically saying hey its going to be good were going to find out this definitively if you will live to fade as a as a curse carcinogen but again you know theres always a lot of question about the e. P. A. The World Health Organization<\/a> had said for instance that they thought it was probable that guys a fake was a cancer causing chemical whereas the e. P. A. Said its alright with so widely spread whatever harm it does to the body is acceptable which resulted in actually a couple of lawsuits that the e. P. A. Faced from food advocacy groups as well as environmental groups so you know the both bear and the plaintiffs attorneys are going to have a say in whos who chooses the scientists that are on this panel but again it is a wise decision to take a close look at whos being selected what kind of research theyve had whos funded that research in the past because as weve seen with other cases sometimes that data is manipulated and they put for what they want not to mention during this 4 years this product going to be able to stay on the shelf so thats good news for bear isnt it while they can say hey were standing by our product gets to stay on the shelf as long as scientists are trying to figure out if its cancer because a lot of mixed information coming from e. P. A. A. W. G. Itll be interesting to see where it goes from here especially because we know that some countries have indeed banned the product the herbicide will keep following it and see where it goes from here molly barrows contributor with americas lawyers thank you again for your time today. Despite the Global Pandemic<\/a> and 2 fatal accidents phoning me see there 737 max jetliner. With passengers in the near future the federal Aviation Administration<\/a> is working to help certify boeings newest plane which has reportedly made improvements since the jets were grounded across the globe so what does this mean for the companys revenue stream. Live at the Los Angeles International<\/a> airport with the details natasha. Yeah thats right you know the f. A. A. Is ready to fly the boeing 737 confirming those test flights could begin as early as today and now were seeing the market responds in their favor 800 boeing 737 max jets that are grounded but according to reuters media report it may not stay that way for long in an email to congress the f. A. A. Said its type inspection Authorization Board<\/a> completed its review clearing the way for flights for vacation testing to begin and that email says that that could start as early as monday in response boeing shares are on the move their stock is up again as much as 11 percent in todays trading and experts say investors should also keep an eye on airlines which fly the max including American Airlines<\/a> and southwest supplier General Electric<\/a> is also one to watch as they make the engines for the max well these planes have been grounded for 15 months following 2 thehotel accidents that claimed 346 lives the tragedies occur in just 5 months apart one in october of 28 and the other in march of 2019 that damage the playmakers 103 year history the catastrophe led to congressional hearings which examine methods the f. A. A. Used to approve Safety Measures<\/a> for new jetliner designs and just days after the 2nd crash boeing launched a Software Revision<\/a> to fix the automated Flight Control<\/a> system called m c a s well thats a system that reportedly misfired causing both of the jets to take nose dives while flying after the f. A. A. And other International Regulators<\/a> became involved boeing has improved several other features. Theyve also agreed to relocate electrical wiring in the cabin to avoid short circuits and if everything goes as planned and faster as they may shift their focus to Pilot Training<\/a> and certification by nonu. S. Authorities then they can determine just how to reintroduce their airlines amid this Global Pandemic<\/a> and now you know Officials Say<\/a> that theyre aiming to have these planes returned to service by the end of the year but the max may have many more tasks and a lot more to prove before that liners can fly passengers once again reporting that l. A. X. And processed sweets are to. Well thats it for this time you can catch boom bust on the man on the brand new portable t. V. Up available on smartphones to google play on the Apple App Store<\/a> by searching portable t. V. Or stream us on your t. V. By downloading the portable t. V. On apple t. V. And online at portable dot tv able the next time. No t. V. No crowd. No shots. Back she felt. Lonely stretch of the 1st to. Switch your thirst for action. When almost shows seemed wrong. But old bulls just dont hold. Any new world yet to shape out just to become educated and indeed trade equals betrayal. When so many find themselves worlds apart we choose to look for common ground. Secrets prisons are not usually what comes to mind when thinking about europe however even the most prosperous can be deceived weve been busy rows on the work to view hostess were. Preserved were located only people had access to the story investigators covered the darkest dealings of the secret service is what i mean. You great ignore. Me for. Trying for justice. But a quick History Lesson<\/a> in economics you know people talk about socialism what is socialism this is idea that labor has value and that people want to take part in the means of production and guess what starting in the 1980 s. That became obsolete because all wealth was tied to money printing today 2020 so that would be 40 years later than this phenomenon 1st socalled activists and labor rights activists and workers are getting now that the problem is not about the means of production the problem is the money printers and theyre taking action. Hello there im going to hand you are watching in question broadcasting from our to Americas National<\/a> news headquarters in washington d. C. I want to welcome our viewers from across the nation and all around the world here tonight top stories 1st up boeing has already started test flights at its troubled 737. 00 max jets what could this mean for the company during these very Uncertain Times<\/a> then the coast of those serbias summit that was supposed to happen this past weekend at the white house is put on hold after a close both president gets indicted for war crimes full report coming up and then be used only for looks to rebranding it again lightning products even given all these controversies over what theyre part of for those who are not white","publisher":{"@type":"Organization","name":"archive.org","logo":{"@type":"ImageObject","width":"800","height":"600","url":"\/\/ia903201.us.archive.org\/17\/items\/RT_20200630_023000_Boom_Bust\/RT_20200630_023000_Boom_Bust.thumbs\/RT_20200630_023000_Boom_Bust_000001.jpg"}},"autauthor":{"@type":"Organization"},"author":{"sameAs":"archive.org","name":"archive.org"}}],"coverageEndTime":"20240716T12:35:10+00:00"}