areas and movie money is coming in like never before around the world as a new cinema investment is being made in an unlikely place will explain all that's coming up right after some headlines let's get to it the board of directors of w p p the huge global advertising group headed by sir martin sorrell is reported to have hired investigators to examine allegations of misconduct including misuse of company funds by serving martin who said he rejects the allegations unreservedly but recognizes that the company has an obligation to investigate i spent just a little time with martin we were guest co-host on bloomberg television once if not twice i can't really recall but i've always admired him for his leadership and amidst advertising's reduction in spending many companies going on all around the world shares of w p p have dropped by thirty seven percent in the past year so martin assertive w p p chair and chief executive since one thousand nine hundred

eighty six and nike the large sportswear company is in the news and not for a good reason and internal memorandum from a company's top human resources executive nick matheson describes how the company has failed to gain traction in hiring and promoting women and minorities the link to memorandum comes in the wake of recent complaints about inappropriate workplace behavior which led to a leadership restructuring nine hundred seventy four thousand strong workforce is comprised fairly equally of men and women yet when it comes to executives only twenty nine percent are women and only sixteen percent are executives are nonwhite . and the facebook and political firm cambridge analytical scandal are test cases for regulators around the world trying to balance consumer privacy and business interests in that regard the european union is moving forward on a policy to further protect in you citizens privacy in the digital arena. known as

the central data protection regulation the new rules would impose severe fines on companies that fail to protect european citizens datas the fines would be up to twenty million euros or four percent of the company's annual revenues which ever is larger the regulations are expected to be in force on may twenty fifth of this year and while the new rules will not be grandfathered to allow e.u. regulators to go back and find facebook or cambridge analytical if there is a continuing data privacy breaches by those companies after the rules in place both would be subjected to the fines and the controversy over facebook and the data firm in cambridge analytic it continues develop facebook now says that data linked to eighty seven million facebook users may have been improperly shared with the firm which consulted for among other folks the trump presidential campaign and twenty sixteen previous reports and cited the estimate of fifty million users but it turns out that it is much larger facebook's reside revised estimate of eighty seven

million was first disclosed in a blog post by the chief technology officer at a press conference c.e.o. mark zuckerberg discussed this the other newly revealed facebook privacy glitches he also said that facebook was quote wrong in retrospect to assume that the use of facebook data by paying clients would conform to the social media sites official policies these new disclosures are creating more questions for mr zuckerberg as he prepares to testify before the u.s. house of representatives committee on commerce on april eleventh that's next wednesday and here discuss this developing story with us is april rutan founder and c.e.o. of the ruden group and a top marketing professional thank you for joining us again it wasn't trivial a sense in a word now they had an opportunity mark zuckerberg and particular has had an opportunity to really handle this crisis in a way that highlights. this data privacy issue and instead he really can't. and didn't really address the issue until he was really forced to do the

backlash in the media similar similarly charles sandberg who is being called the adult in the room. also didn't even appear and tell several days later and instead of leaning and appears like she leaned out so on fortunately you know again the p.r. fiasco turns into something worse because it was not addressed head on and they did not really take these allegations seriously in fact each of them i think has said that they did not know the extent of the data breach and i think that really can't be true well there's your stock is taking a terrible tank and we may have a graphic there but what should a company like facebook be doing i mean if you did apologize perhaps it was too little too late but what should you have done april. so i think particularly in facebook's case people need to understand then mark zuckerberg and sheryl sandberg

themselves that they're really blazing new territory here in terms of data and data privacy and by taking a leadership position and only in some of these things the problems that have happened the data breaches not understanding even the data and the extent of the data that they've been collecting could all be framed up in a better way rather than the way that they're being framed up now that they didn't know anything about it they're not sure they didn't go to the right extent and so who's ever advised them on p.r. i think should have advised them better to really own this problem and then come up with a better fix do you think we're going to be talking about this in a couple months from now or will we be on to some other thing in the news. well that's a good point i mean it seems like facebook's been able to sort of overcome these glitches if you will and get over these homes but the truth is regarding data privacy i think that that's going to be a big issue for us in. as consumers for marketers for regulators

and people and it's really here to stay and we're really just in the first inning of understanding how and what data really is and how it can be compromised. do you think this business model of collecting data you know sometimes with people knowing sometimes with but not it appears is that to send in a post in a bull. so i think that it is going to be a sustainable model going forward i mean in fact that really is mark zuckerberg and facebook's really that's their revenue model right is data collection and really services rather than products and in fact you probably saw he had a little bit of a wrist and you know a little bit of a tech war with tim cook over you know products versus services and what they're actually selling but i i think as we move forward understanding how and where and why and what big data really is will be paramount and those people who figure out

how to collect to use it and. disperse it in a way that really is. is is ok with people i think will be the winners in this game if we want to have you back because i know you've made some sort of provocative statements about being on the internet is like going on without a driver's license and we'll get to that in the future it will ruin founder and c.e.o. of the ruden group thank you as always for your time. sinclair broadcast group the largest television station operator in the united states has been in the hot seat over its conservative political promotions as part of their ownership of local television stations sinclair stock has been in a decline for a month that is now trading at roughly thirty dollars per share the company owns

among other media subsidiaries just under two hundred local television stations primarily in the southern and midwestern u.s. sinclair is known for their must read conservative scripts but recently they mandated that their local t.v. station anchors read directly from an identical script which warned of fake news that could quote unquote threaten our democracy the matter is received widespread criticism been the subject of late night television jokes but the story is more complex than just the conservative owner of a company effort to have local content aired which to me seems certainly their right it goes to the heart of how the media is changing here discusses a fellow's been consulting on media for most of his life most of the big picture here in r.t. america holland cook holland thank you again for being with us it's so great to have you on these things all to explain to me and our viewers how the media landscape is changing to where you would actually have a company like doing this because we really trust our local reporters but if they're being fed whatever it would be if you agree with it or not if they're being

fed something from a large corporate body that's going to be different than what we're used to after of the big national mainstream media got it so wrong in the twenty sixteen presidential election and then after they got seduced by the embedded coverage in the iraqi asco you've seen the numbers a respect regard for the media is at an all time low possibly and yet the president hammering away at the fake news media all the time so the last. bastion of credit is the local t.v. station i would say a local newspaper but you know what's happened over the years as leaving to that business model is in full meltdown but the familiar welcome faces who tell you what's happenin and river city every single night have now been listed to re cite this corporate script and how naïve could sinclair have ban their t.v. people not to think that this viral video mash up you showed

a minute ago wasn't going to be trade them otherwise everybody would have thought it was just doug and patrice but now they know that all of these people all across the country are parroting the same mo orders from headquarters they think they're bought and paid for and they're not really their local heroes and in fact they're just page paid parrots so my question is how do you what does it say about media that you feel like that people at sinclair must feel like they have to do that i can understand having some consistent messages eccentric but it really is an overriding editorial control editorial control that we don't have here for example so what is changing that would make them want to do this digital desperation you've got a button on your t.v. clicker that lets just skip the commercial which is the lifeblood of television just last week we've seen the power of the impact of an advertiser boycott against

fox news for what laura ingram has done before that o'reilly before that glenn beck rush limbaugh lost all his brand advertisers on radio because people have taken control of their media and they are using their media their social media to rally against the big guy and frankly information has been commodity when you say the evening news it sounds arcane you already know the news by evening it out and on your phone all day as you said in the w p p story. a moment ago every ad dollar is now under the microscope and money is not leaking but flowing from legacy of media to digital so there is a desperation to the legacy media in general and maybe sinclair is trying to do it bottled water they're going to flavor it and maybe they are taking a fox news type stance to try and bond these roseann viewers we'll see if it works

but they've had a rough week as you saw from that stock price yeah well i mean it seems to me they do have the ability and they certainly have the right to do it but boy you hate to lose that trust that you have in the local anchors you do rely upon on them from everything from weather to major news home cook coast of the big picture here in r.t. america thank you as always you know that fresh ok time now for a quick break but stick around because when we return amidst the merger mania two global trading exchanges see a meet group in the intercontinental exchange ice for banding with new acquisitions former sees three c. suite trading decade fortunately yes he joins us plus ashley banks explained some incredibly impressive cryptocurrency philanthropies from a dark and unknown donor and movie money around the world is increased as a new cinema and investments are being made in an unlikely place we'll explain as we go to break here the numbers at the closing bell and other green arrow day

parade stocks in the third positive being in a row for the dow we'll be right back. and there are some for some it's all of them mama. i don't mom you don't. a bit of the roof on your. read a little frisky. i'm not critical of a lot but if they're going to be chilcote you know. sort of. what i mean when you come with the he's going to get so for us with. the question as to yes but oh yes the chest but. by the west of here for everyone that is for

you cox involved with the. also was to question whether it was very reasonable to react with sanctions on the breaking of the dialogue between russia and western countries. as one of those countries. firmly convinced that it is necessary and will be necessary to keep up this dialogue and still talk. about all the metals.

welcome back amazon is competing for a u.s. government contract for cloud computing services with the pentagon that could be worth as much as ten billion dollars cloud computing is increasing and lucrative part of the on online retailers revenue stream and much of that business is with the federal government the wall street journal cites estimates by researchers that g b h insights that amazon spread will contract will total two point eight billion dollars by the end of this year the contract process has now become politicized in light of president trump's repeated tweet for a's directive the on time retailer bloomberg reports that suffer a cat's coat executive amazon competitor oracle complained to president trump during a dinner at the white house the other night tuesday night that the contract appeared tailored in favor of amazon mr trump reportedly responded that the process should be fair but did not suggest as he should not have that he would intervene all of

this does suggest that amazon is smart to have ramped up their lobbying capabilities the financial times cites official lobbying disclosures that the house and senate sergeant at arms that show amazon has doubled its staff lobbyist since twenty sixteen and quadrupled total spending to influence decision makers between twenty fourteen and twenty seventeen amazon now boast what the f.t. calls the biggest. lobbying team of any technology company in washington d.c. . and catching up with the world of crypto currency is the u.s. the president of the chamber of digital commerce parry and boring who's been a guest on our program says that the u.s. internal revenue service is policy that treats convertible virtual currency as property is not just prohibitive it's crazy boring says relevant authorities treat crypto separately as commodities futures currency or property depending upon the agency boring group says virtual currency should be treated as alternative currencies and not be subject to taxes on capital gains or investment income and in

the state of arizona a new law wall of corporations in that state to manage data on bought chains crypto new site coined us points out that last year arizona passed a law that allows signatures recorded on block chains to be cited as legal documentation and in south korea for top executives at two different crypto currency exchanges have been held for questioning in relation to allegations of a woman and throttle involving millions of dollars the chief executive of corning nest the fifth largest exchange so far is the only suspect named in the probe and finally on crypto news in canada the bank of montreal has announced that customers will no longer be allowed to buy crypto currencies with their bank debit card the bank had previously banned the use of their license master card credit cards for crypto currency purchases. and the intercontinental exchange ice which also is the parent of n.y.s.e. the new york stock exchange has reached an accord to acquire the chicago stock

exchange while the details of the deal are not public some news reports suggest that the value of the chicago stock exchange could be in the neighborhood of seventy million dollars and the other large global exchange operator c.m.e. group the chicago mercantile exchange group has announced they have reached an accord to acquire any x. the u.k. based exchange c.m.e. group c e. terry duffy's said the acquisition will allow c.m.e. group to create significant value and efficiencies for our clients globally and back with us discuss the new exchange purchases of former exchange c. street executive board boris thank you so much for being here it's always great to have you what do you make of this merger mania going on at these large exchanges. great to be here with you bart thanks for having me back i think these are two very different deals the larger one obviously the c.m.e. buying the next group i think what's very interesting about that one is that the c.m.e. controls a significant portion and the franchise in u.s. treasury futures broker tech which is part of the next group operates the largest

electronic platform for u.s. treasuries combining the two is a significant coup for the c.m. eat on top of it as many of you know alive or is the interbank rate that c.m.e. is flagship product the euro dollar future settles into because of all the manipulation concerns and fines of the last few years it's being phased out the c m e purchase of next assures that it will have access to the primary data provider of the next settlement for its franchise contracts now new york stock exchange which is a subsidiary of eyes buying c checks is a very interesting one as everyone knows the previously reported price that the chinese investors were willing to pay was only twenty five million dollars there are some people who have speculated that the ca checks had been planning to pivot to crypto in in the wake of the deal breaking up and it's very possible that

a registered exchange registration and the price of having that exchange was driven up and the ice looked to take it off the market let me ask you couple of things there one so see i mean essentially going to lock up the treasury rates the bonds by by haven't any x. or around the world and c.m.e. i mean just explain to our viewers how large they are they they own something like idol eighty six exchanges or something right boris that's right they've acquired dozens but a few very large exchanges over the last fifteen years both in new york and around chicago they operate with an enormous amount of scale and this adds to their ability to expand that scale their technology their clearing services to include. an incredibly large treasuries and foreign exchange franchise worth let me ask you does you know when people hear chicago stock exchange it's important that there's that word stock exchange because you know c.m.e. group does rule the roost on futures although there's the board options exchange

but my question is does it mean something more than what we see on the surface that ice would be buying the chicago stock exchange something really just blocks away from c m e groups the global headquarters yeah i mean you could certainly read into that making sure that one of the very few in fact one of only two independent stock exchanges is bought up one of the existing dominant players i think the other motivation for ice in the new york stock exchange is to keep pace with its biggest rivals nasdaq and the c b o e which had recently purchased bats but as i said i think one of the biggest opportunities there is to lock up what is a resource that's more valuable beyond the very small market share of the chicago stock exchange and that is a registered exchange medalling which could be repurposed for all sorts of other potential business opportunities do you think either of these i mean we see

a group offering a bit coin futures but do you think ice is going to get into cryptocurrency also boris i mean at some point i think they all are but do you see that in the near term for for ice oh absolutely in fact my belief is that the only thing that's holding them back is a lot of the controversy that surrounded the initial introduction of bitcoin futures by the c.b. always see if the market and the c.m. meet i think that if that had not occurred and there had not been the additional scrutiny from your old agency and the f.c.c. ice would have already been in the game and i certainly believe that as soon as the coast is clear if you will they'll be in on it. we're hill yesterday former change executive we thank you always for your time and talking about that because bitcoin is giving philanthropy a new twist some people around the globe are using the cryptocurrency to donate to charitable causes without needing a middleman or most importantly while shielding their identities here's our d.

correspondent ashley banks with more an anonymous donor who's going by the title pine recently donated five thousand fifty seven that coin which is worth an estimated eighty six million dollars to establish the pineapple fun according to reports pine is one of the two hundred fifty largest holders of bitcoin around the world that's eighty six million dollars pineapple fund was set up to support charities then charitable causes the anonymous donor said quote because it has changed my life and i have far more money than i can ever spend my aims and goals and motivations in life have nothing to do with having x. x. million or being the mega rich so i'm doing something else i'm donating the majority of my bitcoins to charitable causes so far the fund has donated one hundred sixty three bitcoin to a health care startup called want to see the clean water initiative called the water project digital rights activists e.-s. ass and a few more making the investment worth three point five million dollars leaving

millions more for other charities the pineapple fun is currently accepting applications from registered nonprofit organizations anywhere around the globe on the site it explains those who are approved will receive a donation through of bitcoin transfer for those who are unfamiliar with the crypto currency the fund says it will help people accept and convert their tune ancients ever getting any ideas about submitting an application pineapple fund doesn't accept applications from individuals who may well let's say want to read themselves of student debt on the site the fund strickly says the quote pineapple fund is a charity but. not that kind of charity this way of donating is becoming more and more popular because bitcoin allows money to be sent anonymously across a peer to peer global network what a middleman having to validate or process trans am chance making it attractive to those who want to keep their identity thief like pine i want to make it known pine

isn't the only company donating it's a bit coin's there are numerous others doing the same bart thank you actually pre-show that are to correspond to ashley banks and before we go. and before we go there has been super strong growth in global box office sales which according to the motion picture association of america is up five percent in twenty seventy to forty point six billion dollars the increase was driven largely by overseas revenues and viewers which were it seven percent totaling twenty nine point five billion dollars nations with the fastest growth were russia china and brazil which grew by twenty to twenty one in one thousand percent respectively and amc the largest cinema company will open the first saudi cinema after thirty five years of a drought there has been a ban on movie theaters in the country for the last ten years amc said they hope to

open forty cinemas in fifteen saudis cities the conservative nation seems to becoming more becoming less so as prince mohammed bin solomon m.b.'s continues his three we tour in the united states in which he says the seeking to do a number of deals including the partial purchase of a talent agency now that entertainment that's all for now thanks for watching should catch boom bust on you tube you tube dot com slash boom bust r.t. we'll catch you next time. this is says holland kentucky. over all of these really places you could walk around st fanny's remolded.

a co money city with almost no coal mines left. the jobs are gone all the coal mines a fed ex that was a laugh to these people a survivor of a world disappearing before their eyes. i remember thinking when i was younger that if anything ever happened to the coal mines here that it would become a ghost town but i never thought in a million years i would see that and it's happened it's happened. i played for many clubs over the years so i know the game inside guides. football isn't only about what happens on the pitch for the final school it's about the passion from the fans it's the age of the super money just kill you narrowness and spending to twenty million one player. it's an experience like nothing else not to

because i want to share what i think of what i know about the beautiful guy a great so will transfer. and thinks it's going to. don't walk by wagon any more but i will go on. for you boys will pull you out of a. bit and get mouth and they would have it and i didn't do it will always be the good is it got so. much stuff or no one to help hold. on a promise he's. going to. keep it or don't know don't muddy he come up to the truth. come on don't you not yet about the how i live and i'm mad with that gum and the minimum time because i'm. a number i was alluding to but o.

november bit if i stick by them that i don't know what about on it and without being his eyes it again is about. oh how could you. please somebody. was. russia's u.n. envoy describes the allegations in the screwball poisoning case as absurd meeting

at the security council. partly because it's a district of paris where the soaring crime rate has been blamed on gangs of migrant teenagers. plus a campaign for israeli women to keep their seats on airplanes instead of switching with ultra orthodox jewish man is blocked by authorities. or broadcast live direct from our studios in moscow this is arch international certainly glad to have you with us now world powers have concluded a meeting at the u.n. security.