canada based company is hoping to create its own coin to disrupt the global remittance market but right now the firm has to eye on cuba and the greater caribbean region to hear more about this we're joined now by steve marshall c.e.o. of cuba ventures corp steve your company just announced the creation of the block chain based mobile app were valued pay to target cuba's three point four billion dollar remittance market including its own crypto currency so how is that supposed to work when only a small portion of the population in cuba has decent access to the internet. well that's one of the fallacies with regard to cuba right now what you have is a situation where the the national telephone company has a. network which is internet capable and we also have the situation where the having installations in homes. so we know there's a lot of competition now western union seems to be the kingpin says but other

companies like pay pal the actual structure of our room in system is both fast and cheap the average cost to send money to cuba right now is around about twenty percent and we are sure that we can do this for eight percent which is a massive difference and also it means that most people send the same amount of money when they send remittances so actually more money will arrive in cuba and our estimations are three hundred forty million dollars more if we have a quick uptake of revolver pay. full regulators aren't always keen to peg crypto currency is to central bank backed currency as though so how do you plan on navigating that issue. while we have is simply a structure whereby the currency is deposited individual wallet by the remittance send and then those funds transferred via crypto currency and then the changeable back into the local currency on the island and whichever island it may

be as you mentioned earlier this is going to have a roll out across the caribbean there are eleven currencies in the caribbean which is which is a mess for travelers and there's also the other aspect of revolver pay and that is that we will empower all of the entrepreneurs in cuba with a revolver they will allow them to be able to sell their services internationally just like any of the other companies you mentioned previously pay pal and these these entrepreneurs need help and the current us administration is pushing for these cuban entrepreneurs to be empowered and that's what our company will do well we have learned over the past year or so that not all blocked change based technology is hack proof so do the risks of hacking still outweigh just keeping there were mittens process the way it is. while we assure that our system is secure and we guarantee to our clients that their admittance will arrive so

you know we don't see that as being a problem going forward. ok well i know you just briefly touched upon this but president trump has obviously made some changes to u.s. cuba policy since he entered office most recently regarding who can and can receive remittances so how big of an impact could that have on the remittance market and the businesses involved. well i don't the only restrictions that we have seen are those that were in place previously which limits remittances to people who work in the cuban military the security forces or the intelligence divisions and so our business will obviously not focus on those markets at all but literally the other aspects of this particular theme which is remittances remains unchanged and as you mentioned at the start of the interview there's three point four billion dollars per year at play here. ok so even at this app is meant to civically for remittances

could it have an impact on other industries like tourism. well as i mentioned it will have an impact on tourism because right now there are seven hundred fifty million dollars moving in to the hands of cuban entrepreneurs and what i mean by cuban entrepreneurs is the private homeowners it's those that drive the classic car taxis it's the famous paladar restaurants which are the private restaurants these big like to rent the bed and breakfast they have a tough time getting the money to the actual homeowner with rivaldo pay installed on their forms they can charge this immediately so again we're empowering the cuban entrepreneurs and that that is one of the major bases of this particular system. cuba is on schedule to elect a new president in february or so do you think we should expect the same approach to the economy and foreign relations or could we actually see some changes. while

we've seen again if you analyze the air of fidel castro. and then the era of of raul castro you've seen a gradual change i mean all of these private businesses that have been committed over the last couple of years are based upon changes that were made by raul castro and we're confident that these changes are going to not only continue but increase to allow more private businesses to operate more licenses issued and it's going to be a billion dollar business it's already seven hundred fifty million dollars per year so you know depending on the type of volume that business is looking at as far as we're concerned that's a very interesting market indeed and especially considering that there is they don't have any method right now to charge credit cards or charge for anything at distance and anybody who is visiting cuba would like to pay those those things in advance of course. ok steve marshall c.e.o.

of cuba ventures corp thanks so much for your time thank you very much. it's been well over a year since the u.k. voted to leave the e.u. but the british economy is still adjusting to the pending changes in fact it wasn't too long ago that analysts cut the region's growth estimates for the next five years to help combat the resulting challenges the government announced details of a new industrial strategy that will target construction life sciences automotive an artificial intelligence sectors and it's intended to increase productivity officials also said they've secured major investments including one from u.s. based mark to open a research facility in london the news comes just a week after the european medicines agency announced it will move its headquarters from london to amsterdam. to be on the m a there are a few other firms and agencies preparing to leave london after brock's it to that includes the banking regulator which could of course shadow which city will become

the blocks new financial hub r.t. correspondent peter oliver has more on that from berlin. with sixteen months to go until brags that the european union has already decided where it will be moving its london based agencies with votes from the twenty seven remaining e.u. states tied to the. protest over representative saw as a bias against eastern and central european countries. to be drawn from above and the witness would be the new home of the european banking authority or. not could give the french capital an edge over of the e.u. five senses should we see something of a bricks that exists and banks looking to relocate the french president said he was very happy with the decision so what about frankfurt the whole of the european central bank seem to many like a natural choice. they wanted to relocate so they'll be happy anyway for the u.k.

this is a song that brags it is opening at the euro forest and taking with them a thousand well paid job to paris and to dump but with less than a year in a hall before britain exits the european union how many more will follow peter olva all. time now for a quick break but stick around because when we were turning former u.s. trading commissioner bart chilton and i will talk about changes we could see for the consumer financial protection bureau and archie correspondent alex beheld that joins us to talk about a worrying report on now that i'll be right back. about your sudden passing i've only just learned you were

a south and taken your last wrong turn. to you as we all knew it would i tell you i'm sorry you could so i write these last words in hopes to put to rest these things that i never got off my chest. i remember when we first met my life turned on each breath. but then my feeling started to change you talked about more like it was again still some more fun to view those that didn't like to question our ark and i secretly promised to never be like it said one does not leave a funeral in the same as one enters my mind it's consumed with death this one difference i speak to because there are no other takers. to claim that mainstream media has met its maker. to everybody i'm stephen baldwin gosh. hollywood. proud

american first of all i'm just george bush and honored to say this is my buddy famous financial guru just a little bit different. in your windows with all the drama happening in our country and that's fine every day americans. look to the store to bridge the gap this is the great american. on friday the director of the consumer financial protection bureau resigned and named his after replacement a president trump also named a new director setting up a court battle over who will run the agency here to tell us more is former u.s.

trading commissioner bart shelton bart the sea of paper has been up and running for a little more than five years now but before we get ahead of ourselves why is the bureau so important. bianco well i mean they were created in the wake of the financial collapse that was based upon the financial collapse you know based upon these bogus mortgages that were that were out there and if you remember the movie the big short where steve corrals character in it decides that you know he's got to go down to florida and figure out whether or not there really is a housing bubble and he looks around and figures that there are some problems and he's finally meeting with a woman at a gentlemen's club who's there entertaining the gentleman and he says you don't realize that your mortgage is the interest rate could go up two hundred to four hundred. percent at any time they want and the woman says on both of my loans and

she says you have all of my loans rather he says you have more than two loans he says i've got five houses and a condo and it was at that point that corrals character knew he wanted to short the housing market well the c.f.p. be bianco it was set up to guard against these deceptive mortgages where they give you a teaser rates and then balloon up you know after a period of time and it was things like dealing with disclosure you know if anybody's ever done a mortgage you get ten pages of mortgage disclosure they've shortened that down to three or four and the text is larger so people could actually i don't know read it so see if p.b. has done a lot of good things they find over that something like twelve billion dollars to some of the largest banks on the planet and return that money to about thirty million consumers so i'm a big fan it was needed and they're doing

a good job while not everyone is a founding president trump says that many of the regulations in place today are holding businesses back but you think consumers are better protected now than they were in two thousand and eight how south. ski regulations are slowing down the financial profits in in the sector but quite frankly bianca they've never done better i mean you know show me the money and i'll show you where it is it's in the financial sector these guys are doing just very well thank you and i don't know what these pesky regulations are that they're talking about what i know is millions and millions of consumer trumpet ministrations coo so what they do with these independent agencies like that a lot of the agencies i just mentioned my former agency once you're nominated by a president and i was nominated to be a commissioner by both president bush and president obama republican and democrat of course then once you are confirmed by the sea. senator you can't be fired except

for by malfeasance for cause except for a and other than that you're protected so you can speak your mind which i did a lot of and that's why you have these people in these roles that are independent agency roles so when the current director of the c.f.p. be as of last friday left rob cordray when he left he appointed her the law his chief of staff as the acting director and she sent out an e-mail to everybody and sat on the acting director well then president trump decided he want his one of his office of management and budget director mick mulvaney a former congressman who voted against creating the consumer financial protection board and has been opposed to it from day one and continues to fight against it he says that fellow become the acting director so they both show up at work today and motivate me brings a bunch of donuts and wear some colorful socks and said let's get together but i

tell you what it remains to be seen what's really going to happen because the act the woman who little or a english the former chief of staff and she says she's the acting director filed a case last night in the district court in washington d.c. to see to say she should be the direct position all the president has to be that he wants to fulfill this position permanently be confirmed like the senate like a bunch of people like me had to be in mr mole vanny and put it all straight doesn't exactly like the several hate holy water and their actions square with candidate trying to make it square beyond that it doesn't since are benefiting from this fargo who last year in their study be you want these people on on the on the case trying to ensure the protests protection for consumers remains but it doesn't square with what the president trump said during the campaign he's certainly not being a champion of average folks by trying to gut. these rules and regulations at the

consumer watchdog how do you think alan the director mick mulvaney will approach or would approach current consumer protections. slash and burn burn totally dismantled destroy torch the earth the consumer watchdog will be in the doghouse for a long time with nick motivated as the director. on monday who showed up for work and the c.s. p.p. general counsel said that's fine but that there will soon to see all their good work dismantled the judge that is going to oversee this case is a trump appointee who was on that on that one but now the talks between the united states mexico and canada little has been accomplished towards creating a new nafta deal according to analysts at the bank of montréal it's in goshen don't take a turn for the better and nafta dies both the u.s. and canadian economies will be hit with what the bank is calling a totally unnecessary cost artie's alex the hell that joins us from toronto with

the latest alex what grim predictions are we hearing from the bank of montreal the angle of five rounds of talks no movement whatsoever the nop talks are not going in the right direction everything was supposed to be said and done by spring two thousand and eighteen it doesn't look like it's going to happen that way since don't change direction sooner than others and that would be you should take care of system so any agreement these tariffs kick in the supply chains that we have now between candid up back to fall apart in a way because we are seeing tariffs every time something crosses a border so the supply chains we have especially in the automotive industry on our confidence are an envy to nations around the world i mean it's something that you can't really find in many other places in the world billion or billions i should say millions of jobs the big created billions of dollars cross the borders over from the states to mexico and canada to the states each and every day so this has been. a success the nafta agreement now is just

a question of what is the next step. look at president trump and he's saying you know it's america first up a thing he wants to bring about eighty five percent of all auto manufacturing that's includes parts into the state that would be up from sixty two point five percent but the fact of the matter is there will be a trickle down that because you're eliminating the supply chain that works so well of course of somebody would have to pay for these changes and that will come down to the consumer once the consumer has to pay more for american built cars or north american built cars that means that money will start going someplace else so there is a lot of aspects that we have to look at here it's not just about an agreement about you know trade when we look at sort of macrocosm it goes down to the microcosm it goes down to each individual every individual in the three countries that make up nafta what would happen if nafta goes away everybody would eventually adjust but as it stands right now many analysts are saying especially in those people in the mall as well that nafta really has done wonders for north america and it's something

that we need to make work. alex it's part now you know it seems to be that there is some some advantage maybe from the trumpet ministrations perspective of continuing to make these demands on the negotiations but ultimately is what the most saying is that as a a pact as you know mexico canada and the u.s. together that will just not be as strong when competing for example with the asians who are in the middle of working on this trans-atlantic transpacific partnership is that pretty much that would be most message alex but you know that's a big part of it really isn't and the fact is that canada the united states we lose nafta what we lose our competitive competitiveness when we compare ourselves to the e.u. or. the asian trade pact that exists right now also the fact is that the united states

right away it does not as good as the negotiator when it comes to talking to china where if they're for trade wherever it kicks in there because it's sort of standing on the lower podium that it is with nafta nafta brings a lot of money into the u.s. it's just the way it is and within this it also just from an optical perspective the optics look good we work together we were work as a strong mass together and we survive on the face of this planet so i mean this is the thing with the united states really has a lot to lose in the global global perspective as for canada i mean we're looking east and west already justin trudeau our prime minister is going to be in china next week talking about more trade with that country already exists which is our trade agreement with the europeans. for a t p p without the united states that thing is still moving along although it seems to be at a bit of a slower pace and it doesn't exactly look like your old agreement but everybody

else is talking around the u.s. so for the u.s. now to is a good thing and i think it really places it on a level when you look at it internationally that it wouldn't be if they have to what's gone are to correspondent alex and a hell of a format alex anything great commissioner part thanks so much for your time that's all for now be sure to catch the best on track t.v. thanks for watching the next time. this is just collect she has been nicknamed sleepy hollow because for some unknown reason its local residents have to sleep to. chose to move. over. to. the movie should teach you how. to move the concern that's at the time. so he's doing a sort of but i'm also going with the question are still talking it's

a super thin you've got to go back you don't need to put in the position want to just. gradually grass from where did you do what we have i don't want. this with all. my seal in there did you have both barrels there of the guts to. burn to put money on your car immediately after you get done half of all plasma based drugs today come from private companies and are produced from paid plans much smaller company you know a motor car and. one of the risks of pay donation in it then is proof that the frequency of pathologies is much higher in paid donations i mean it. if i was my tattoos over two years old he was. in the money using the for drugs

and who runs the blood business. this footage is unique because there's a tribal lands on normally off limits to the public erik's allowed in because he's this is his personal doctor. sonny cravings that's according to new findings that make us think.