Auto subprime bubble bursting & Da Costa on financial regulation

On Tuesday, Brazil's general prosecutor asked the Supreme Court to arrest three different senators in connection with a corruption investigation regarding Petrobras. And Royal Dutch Shell says it will close up shop in up to 10 different countries in an effort to minimize costs. Ameera David has the details. Boom Bust’s Bianca Facchinei explains how the EU is proposing a number of new ideas to integrate refugees and curb the number of economic migrants successfully. RT correspondent Manuel Rapalo gives us some insight into how the US government is nearing approval for the first private space mission to the moon.

After the break, Edward Harrison talks about financial regulation with guest Pedro Da Costa, editorial fellow at the Peterson Institute for International Economics. And in the Big Deal, Edward Harrison and Ameera discuss the potential for problems in the US auto market, especially in the subprime area.

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