Boom Bust: Puerto Rico defaults as Treasury yield hits record low
The top story: On Friday, Puerto Rico failed to pay nearly a billion dollars of general obligation debt to bondholders. Ameera David has details. Then, Boom Bust’s Bianca Facchinei reports on Atlantic City, which is also trying to avoid bankruptcy. Nearly 1,000 employees at the Trump Taj Mahal in the city went on strike. RT correspondent Marina Portnaya reports on the situation in Puerto Rico, where the territory still faces debt default despite a rescue law passed in DC. Afterwards, Tyrel Ventura and Tabetha Wallace of RT’s Watching The Hawks explain how major superstars are upset with platforms like YouTube, because, they say. the video sharing site monetizes their songs -- often without reimbursing the artists.
After the break, Ameera talks about the pros and cons for Trade due to Brexit with Steve Hanke, Professor of applied economics at Johns Hopkins University. And in the Big Deal, Ameera and Edward Harrison discuss what the record low government bond yields are telling us about the economy.