The News with Rick Sanchez - July 8, 2019 (20:00 ET)
Epstein pals ‘sweating’
Billionaire sex offender Jeffrey Epstein is back in court and has been charged with sex trafficking underage women. Investigators found thousands of nude photographs of underage women in his Manhattan townhouse on Monday. How many of Epstein’s rich, famous and powerful friends will he take down to save his own skin? Rick Sanchez reports.
Deutsche Bank mass-firings first domino in global downturn?
Deutsche Bank has announced plans to lay off 18,000 employees over the next three years, along with other changes to its business model. Economist and founder of Democracy at Work Prof. Richard Wolff joins Rick Sanchez to share his insights. He argues that Deutsche Bank’s announcement of the layoffs three years in advance may have been a mistake.
Vietnam is Trump’s newest tariff target
The US has imposed a 400 percent tariff on Vietnamese steel. Jock O’Connell of Beacon Economics joins Rick Sanchez to weigh in. He points out that manufacturing costs in China continue to increase anyway and so companies are moving to countries like Vietnam and elsewhere and that “this can’t be stopped” but that the volume of steel exported from Vietnam to the US is so small that tariffs won’t likely have an impact on the US steel industry.