different. there's a spot to do my thing but it will be essentially a symbolic a lot of responsibility it's already low who managed by the government all the provinces. new caledonia already has other resources like tourism new caledonia is rich thanks to its culture environment and. if one day there is no one nickel we can still make it. we already thought of every way to live without it it's mostly sovereignty expensive the army defense security justice cetera so we have asked ourselves this question for a long time in

a country of two hundred thousand two hundred fifty thousand inhabitants do we need all these structures the answer is no to try. to see if the know when it will only be for the first referendum and there will be a second referendum and a third one so we have time to convince the people it's in their future interest to form this country he managed to share this i did with them and they just need not to refuse it so cold as to go as far as possible which is for us to close the corner traps of the fronts. and that's one of the stories we'll be keeping a close eye on in the coming days and live from moscow every hour of the day this is our to international stay with us now for more great programs right. perceives news and. crisis. you end up with

a fake meds sell here when you have manipulation of markets in there if you have if you have interest rates at zero and you can borrow money at zero percent you have an online new credit line and you can muscle group prices around it well that creates fake prices and then if you have robots reporting on fake prices on the financial media as foreign stuff then the robots are going to report on the fake crisis driven by the fake news created by robots and you have a virtual or a not so virtual cycle of fake news and fake prices and then that people interpret that as reality. global war hawks sell you on the idea that dropping bombs brings can use to the chicken hawks forcing you to fight the battle for food going. to stocks credit tell you that what we gossip and publish but fell for the most important news today. off the bad guys and tell me you are not cool enough to buy their product.

all the hawks that we along with all the ones. with little make this many a factor come sentenced to the public will. when the ruling closest to protect themselves. with the financial merry go round lives and neither will most of them. it's nothing to ignore middle of the room signals. to the real news group.

but. this is poem by us broadcasting around the world from right here in washington d.c. three blocks from the white house i'm part chilton. coming up we'll talk about where companies should be advertising in the digital age with michael dell here the c.e.o. of conversion hype line and jeffrey tucker is back to talk crypto currencies plus after the break we continue the crypto conversation on crypto currency exchanges with former c.f.o. we exchange executive board filyaw steve and alex behala bit helps us understand how one of the world's largest aluminum producers located in russia could become exempt from the u.s. sanctions on russia all that's coming up but first we had some headlines. a widely

anticipated apple first quarter earnings statement is out and it beat expectations even as i phone sales failed to take off revenue came in at sixty one point one billion dollars in the figures sparked a five percent after the bell rally in the price of apple stock still apple's i phone sales at fifty two point two million fell below expectations of fifty three million but the company's official statement still struck a bullish tone on the latest most expensive model the i phone x. . and in the energy sector british petroleum has posted an impressive seventy one percent increase in profits for the first quarter and twenty eighteen writing the tide of rising oil prices profits were around two point five six billion dollars be the expectations closer to the two point two billion level b.p. c.f.o. brian gold very said the numbers showed underlying production growth the oil giant profits were however suppressed by a one point six billion dollars in. payments on toll on

a total of sixty five billion dollars in penalties related to b.p.'s role in the deepwater horizon oil spill disaster in the gulf of mexico the largest marine oil spill in history deepwater horizon penalty payments for the year expected to total three billion dollars and the eighth anniversary of that deepwater horizon disaster just passed on april twentieth. and turning to corporate personnel news the chief executive that document technology companies xerox is now pursuing other opportunities that are parcher of c.e.o. jeff jacobson and six xerox board members as a consequence of a fight within the company over the attempted takeover of fujifilm activist shareholders carl icahn and darwin decent prominently oppose the deal claiming xerox was being undervalued and want to court ruling last week that delayed the deal the judge's decision also made the key findings that c.e.o. jacobson was quote hopelessly conflicted by trying to arrange of

a merger that would include jacobson as the new c.e.o. of the company when he was expected to be replaced by zero axis board sounds like some double dealing there to me and meanwhile the board chairman of global british bank barclays john mcfarlane tried to tamp down rumors and reports of his imminent departure telling the bags annual general meeting that the speculation is quote somewhat premature that's not exactly a denial right macfarlane recalled his plan when he was elected to the board chairs to serve four years ago when he noted that he would only be there for four years and it's been three so far macfarlane also endorsed a c.e.o. just daily as his successor a notable show of support while staley is actually under investigation for alleged attempt to identify a corporate whistleblower. and

here to talk about the business of advertising and markets is michael dell pierre the co-founder and c.e.o. of conversion pipeline michael thank you so much for being with us really appreciate you making the trip so i'm an advertiser i call conversion pipeline i think michael what's the best way to advertise in today's day and age in terms of digital advertising google and facebook in that order and is is facebook sort of the be all end all because they have those detailed analytics the tell you about where they are in everything as opposed to google which i guess just tells you where searches are as it was the main differences primarily but if you look at google google conducts three point five billion searches per day facebook on the other hand has over two billion users a day in each user on average spends at least thirty five minutes on facebook the biggest benefit that facebook has is that they know everything about you where you

went to school where you're physically located what you like where you go to eat how many people you have in your family they know everything and because of that that's valuable advertising data now it's valuable absolutely everybody would agree with that but it's also turned out to be a little bit of their kill it he'll with regard to the cambridge analytic a scandal and i'm sort of selling this data that people didn't know would actually be be used what about that are their responsibilities that you think facebook or there are some other player not that there's really one that's akin to facebook that they're responsible is a should have been are the responsibilities for advertisers who place ads on facebook i think facebook does have the lion's share to blame here but when you sign up for these accounts there's the legal ease the fine print no one ever reads those and somewhere along those lines you are releasing them of any liability in case they do share your data with other users safety with google. no one talks

about google guess what you're being tracked on google everywhere you go and it's most people know when you sign up for these social media platforms is that you're going to be tracked because they make their money through advertising. the as a former regulator you know i've often said that it's time for people to go back and look at these disclosures because like a mortgage for example you get thirteen pages of disclosures and i'm not sure anybody really reads all right fine print so they should probably get rid of a lot of that stuff and. the bottom line is if you are going to use facebook or some of these other services you're going to have to agree so it's not like you're going to say could you amend your disclosure statement and change this and not track me not going to happen by and large let me take a half a step back michel and go back to the looking at the advertising dollars of digital versus the advertising dollars spent on a t.v. and radio etc we all know that digital is taking up to

a big share of this going forward but is t.v. really losing a lot or are they just sort of staying level t.v. is actually losing advertising dollars and they've been on a downward slope for quite some time as an all t.v. or is it just the just cable that we know people that are losing cable everybody in t.v. people consume data a lot differently now if you think about it you'll see people watching a t.v. show on their mobile phone they're not physically in front of the t.v. they may be streaming services like hulu right now you don't have to own a t.v. to watch cable network t.v. shows and a lot of these you can skip through the advertisements so if if you're maybe going out ten years is there no advertisements on t.v. did they go back to the day when it really when that the first cable was really free to people right that you bought cable because you didn't have advertisements in a weird way could we be going into a time machine and going back that way i think everybody right now is a crunch for content. everybody wants to own the content because if you have that

content you can charge the advertising dollars t.v. is always going to be around in some shape or form that's never going to go away and we think about having that n.f.l. watching party at your house no one's going to sit in front of their monitor and want to see the football game right there to watch of i.t.v. it still gets a lot of eyeballs but i think of the course of time it's could evolve and grow and the t.v. the cable providers have to grow with it if they want to keep the advertising dollars i'm going to ask you one final question and it may be a little bit. weird so if you're if you're advertising online on google or it or it facebook an advertiser and the idea is you want to get a click right you want the conspiratorial customer to get a click that doesn't always mean that that advertiser can perform the service because they're out there in the u.s. or globally so i've had a couple of personal circumstances where i've ordered something put in the credit card information all this stuff and then i got notice a couple hours later sorry we're refunding your your money in

a week and we can't do the service isn't there some sort of responsibility on behalf of the advertisers to ensure that they can actually perform what they are proposing to do all advertisers have a form of fraud regulation they know that there's there's bad actors out there trying to lure people that want to buy something and give it their credit card go to a phishing website and they have fairly good controls in place right now but don't be surprised that it does happen but i would imagine the way we are today is ten times better than where we were even five years ago regarding that and another five years will even be better right one hundred percent michael duffy here thank you so much for being with us i appreciate it conversion pipeline thank you sir thank you . and now we shift gears and on to crypto currencies regulators are weighing if they should treat kryptos as securities to date bitcoin another. those have largely

escaped rigorous regulation but that could be changing today we talk first about the currencies and then we'll talk about the exchanges after the break and to help us on the currency we are again joined by jeffrey tucker the editorial director of the american institute for economic research jeffrey thank you for being with us again we always appreciate it busters out there all know you don't care one lick for regulation and i agree that regulation can be stifling and for innovation but do you think there's any way that kryptos will avoid being regulated as we go forward. i think they're going to avoid it more than you think i mean you look at this i've i've had people tell me for five years oh government's going to get rid of it you know we're all doomed you know that hasn't happened yet i think i think part of the problem is the regulators don't entirely understand it and they they do have a sense that they could actually cause more harm than good and that does seem to be anything you know i think last time i was with the bar we talked a little bit about the new york case that was the regulations were

a complete mess and i don't think anybody wants to do that this this time around so yeah i think there's going to be some very late expected to be a little the light hey listen let me just say this is it not fun again encrypt the land i mean not just go over the winter is over right is i mean i know this i don't know that because that you know or not i got something like twenty five hundred tweets you know at the twin towers or back you know and got rid of all of the cylinder back to jeffrey we were going to do we're going to do a story the other day about there is that big move maybe two three days ago and so the headline was going to be you know we had this big movement kryptos and then as we wrote it we said well what's the price now well we did bounced right back so like you say it's sort of more of the same so speaking of regularly is great we're go ahead go ahead we're almost we're almost half a trillion dollar.