Boom Bust: Telecom giant Ericsson may have paid ISIS

Swedish telecom giant Ericsson is facing heat for its admission that it may have paid Islamic State (IS, formerly ISIS) for access to business opportunities in areas of Iraq. We’ll discuss the bombshell allegations. And with oil prices racing toward $100 a barrel, the Kingdom of Saudi Arabia is publicly rejecting calls from the White House to boost output in an effort to quell the spike. We’ll take a look at how the Saudi refusal could sway the industry. Plus, the United States and China continue to trade barbs over purchase agreements. We’ll bring you the latest on the rekindled trade tensions.