[425] China slowdown, Canada recession, market mess
Our lead story: World stocks took a tumble on Tuesday as activity in China’s manufacturing sector contracted at its fastest pace in three years. The official Purchasing Managers’ Index fell to 49.7 in August from the previous month’s reading of 50. And in Alberta, Canada – the once oil-booming province – just gave its first fiscal update under the new NDP government and it paints a pretty ugly picture. Ameera David weighs in. Then, Erin Ade sits down with Max Wolff – chief economist at Manhattan Venture Partners – to talk tech. Afterwards, Ameera and Erin discuss Samsung’s flagging smartphone sales. After the break, Bianca Facchinei takes a look at the economic issues regarding the European migrant crisis. Then, Ameera is joined by Gary Leff – co-founder of Milepoint.com and blogger at “View from the Wing” – to discuss the latest in the travel industry. And in The Big Deal, Ameera and Edward Harrison continue the discussion on Canada’s economy. Take a look!
Industry titans met with President Trump in Washington to offer job creation advice; Lindsay France weighs in. Then, Lindsay is joined by Lenore Hawkins – founding partner of Meritas Advisors – to discuss the meeting further.
After the break, Bianca Facchinei takes a look at how the protests at Standing Rock have had an impact on banks and big business around the world. Afterwards, RT’s Manuel Rapalo reports on the straining relationship between the US and Mexico over immigration and trade.
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Following a tariff spree from the U.S., India is now getting in on the action, slapping their own tariffs on several American-made goods. Professor Richard Wolff is on hand today to help us break down the role reversal, and he'll lend us a hand to sort through some ominous signs on the horizon for the U-S economy. Plus, if it's Friday, it's time for the global market walk. We'll glance around the globe to see which countries are booming and which ones are busting. And Bitcoin may make up the lion's share of the crypto market, but other options are out there. Taylor Letterman of Simpler Trading and Raakhee Miller of Bitsian are on hand to break down the future of cryptos and what decides decentralization.
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South Africa’s Rand fell to a new record low on Friday and Dow Chemical and DuPont agreed to combine their operations that values the new company at $130 billion. Ameera David weighs in. Then, Ameera sits down with Gerald Celente – publisher of The Trends Journal – to talk about oil.
After the break, Bianca Facchinei takes a look at a new report from the Fed on the net wealth of Americans. Afterwards, Ameera is joined by John Brynjolfsson – CIO of Armored Wolf – to discuss commodities. And in The Big Deal, Ameera and Edward Harrison talk about New Zealand. Take a look!
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As the COVID-19 pandemic continues to grip the world, some pharma companies are racing toward a vaccine at a record pace, but are their methods up to par? Plus, the tit-for-tat tension between the United States and China heats up, and we're here to catch you up on the developments. And with global turmoil rattling markets, investors are flocking to 'safe-haven' assets.
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Amazon faces more problems as the EU takes aim at their use of merchant data; is it illegal to be both a host and competitor? Andre Barlow and Peter Oliver give us their thoughts. Hilary Fordwich is back as we read the tea leaves and try to find out what Brexit will end up looking like and when it will happen! Steve Malzberg weighs in on the Sky News auction, Rachel Blevins explains just what happened to the Volkswagen Beetle, and Regina Ham examines the relation between brands and sports teams! [1160]
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Our lead story: Sanctions Round 2 in US vs. Russia. Thursday morning US President Barack Obama announced further sanctions on Russian officials and a bank over the crisis in Crimea. President Obama also signed an order enabling the US to impose sanctions on sectors of the Russian economy.
Tensions are HIGH as Moscow approves a treaty enabling to join Russia. Erin reports.
Cate Long, the author of Muniland, joins Erin to talk about the municipal bond market in Puerto Rico and Detroit. After the break, Erin brings you her discussion with John Mauldin of Mauldin Economics about Keynesianism.
In today's Big Deal, Edward Harrison sits down to translate Fed talk. Federal Reserve Chair Janet Yellen gave a much-anticipated press conference. Edward helps break down the message.
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Oil-dependent economies across the globe have been hit badly by the volatile fluctuation in prices. From the markets to geopolitical conflicts, oil has had an unparalleled year. But what about its effect on small local communities? Boom Bust's Bianca Facchinei traveled to North Dakota – one of the top oil-producing states in the US – to see how the drop in prices has made an impact.
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Naeem Aslam and Melissa Armo join Bart Chilton as they discuss the latest Dow Jones fall!
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Boom Bust’s Bianca Facchinei takes a look at how India has cleared a path for Apple to open its first retail store, despite a lack of locally-sourced product – and if it could save the company from poor sales growth.
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