and as i said starbucks temporarily shut eight thousand stores this week to conduct four hours of racial bias training for its employees and new policies will allow guests to use the facilities the hoods without making a purchase and how might this change businesses like starbucks the founder of the melissa armload joins us melissa i love it when you are in the studio love it won't forget or thank you so i love you all the time we love you for to hear love love the big apple we will hope that we don't hear the sirens as we're talking you never know in this city so there are lots of starbucks right around us now and they've got a new policy that allows patrons or non patrons to use the restroom they can go in there without making a purchase and that's going to not just change business per store books but i imagine others in the space are also going to be looking at what's going on with starbucks what do you think it's very interesting because they did they do this just because of that incident because people used to go into starbucks all the time

were talking about this use their wife and not necessarily buy anything was it just because of that incident that they decided to implement now this new policy and other people do it i don't know as far as the stock goes over all of that with all this negative press they really haven't had that much of a negative reaction in the stock a stock still holding a pretty good uptrend so starbucks looks good it's a strong strong stock it's a buy but for other companies are they going to change their policies i think it will affect sales because then somebody could go in they could sit there for four hours six hours take up a seat that somebody else wants a set that wants to buy lunch or coffee or a dessert or whatever and like any restaurant mcdonald's any of these places someone could get that and when you have a paying customer and they want to come in they want to sit down in a table and then you have a non paying customer so it's kind of not fair. it's interesting because starbucks was the first or at least one of the first major change to offer free why. so

people went and took their you know their mac books or whatever and hung out and bought. coffee or something and hung out for hours and so they're sort of on the vanguard of these changes now where they're going to allow people to use the restrooms like such a trip but i imagine the pressure on the others because you know what happens if for example you know some homeless people be alone but you come into the establishment maybe doesn't smell like fresh coffee anymore and the patrons trough go into these places really could impact businesses bottom lines as starbucks is of course wants to be a socially responsible company and good for them lots of companies would like that moniker but they really care about their bottom lines and sort of sharing make money out of stuff to make money except you have homeless people coming in and using the facilities are just kind of camping out there and have customers coming out it may not make as nice of an environment for customers customers to come in

you may not want to go in there so that's a problem that hasn't happened yet and probably not or maybe in some places we haven't really heard about it hasn't on the news because they just implemented this new policy but i think that's the danger that's the danger of any other place doing it any other restaurant dealing at what we're talking about even higher end ones like the cheesecake factory which is not like a fast food like to make donald's and you sit down for a longer meal that a starbucks people could go in to use their restaurants i mean who's to say or sit at the bar and just drink the water and not find anything though these stores are there these restaurants are there these companies are there they have to make money they're trying to please everybody that's the situation right now in the world that we live in with social media one thing happens and it blows up to what time taking vonne and then they have to change all their policy just like they shut all the stores down when they did that sensitivity training just a couple of days ago that cost them money look i'm thinking the money that they lost just from doing out of that one thousand stores for our closing a lot of lattes being sold ridiculous you know in new york. here i happened to take

us a couple long walks yesterday and i would stop for convenience along the way and i want to mention the name but there was a chain not starbucks that i stopped it and you know they got a code and so i would go buy a bottle of water as something to be able to use the facilities and i just thought this i think might be about to change if you were a member of a board of a dunkin donuts or something melissa is this something that you would demand be raised. this is what i'm saying it's your in the board if you're shareholder if you're concerned about the stock if you want to make money but also it's the perception this is the interesting thing about where we live right now today times are changing it's the body that perception is affecting the bottom line because people may say well i don't want to go to the store anymore because i don't like their belief system its member when we were talking about back in during football season about the papa john's pizza and then the pizza what the n.f.l.

and now the n.f.l. just came out now they change their policy anyways so there again it has to do with how are people reacting on social media and then of course you have to have the company thinking about their bottom line it's a touchy situation you got to have really good people in charge p.r. people people in the background and ultimately it's about the employees you know it's really unfortunate what happened with starbucks that guy i guess was just waiting for his friend i don't really know exactly why that incident happened it's a shame companies should look you up and try to get you on their board that would be a good move most are most of the starts under thank you so much appreciate c.n.n. here. china's economic forecast is staying well in the black with the international monetary fund in confirming their forecast for annual growth of six point six percent in the chinese economy for twenty eight team the i.m.f.

estimate was revised upward by a tenth of a point in january and their prediction tracks very closely with china's own strong first quarter growth of six point eight percent and the chinese government's official target of six point five percent growth meanwhile regional rival india also posted a seven point three percent growth rate for q one of twenty eighteen topping china's first quarter growth of six point eight percent china and india are the world's fastest growing large economies. and speaking of china president ping of china is already impressed many earlier this year by being made the most powerful chinese leader in decades and now he is set to build a digital city of an enormous proportions arctic correspondent and joins us with more cable thank you really appreciate your expertise you are our in-house china expert and we really appreciate you talking about this which is a fun story but it's also has real important business implications for china.

busters what's going on well it's first we have to understand that this is somewhat of a symbolic move now china is celebrating the forty year anniversary of the reform and opening up that's back in one nine hundred seventy eight deng xiaoping comes to power he arrests the gang of four and he announces that they're all turn left policies are over he reorients chinese politics and he says spotty is not socialism but to be rich is glorious and he starts bringing in foreign investment he builds up these free economic zones you know industrial centers that are kind of a model for how they can bring in foreign corporations and raise the country up out of poverty and raise the standard of living so now forty years later president xi is building kind of a model city of his own with the most advanced technology ecologically friendly technology trying to show that that dream and that vision is still alive he talks a lot about the chinese dream and he's making the point that his leadership is a continuation of kind of a lot of the themes we've seen all throughout chinese history going back thousands

of years and you mentioned that the these cities that started up in was one and there were some rocky roads at the beginning with some of these cities that turned out ok for them but there is some sort of fits and starts as they're going right now. east to beijing i guess it is the area where factories are closing except for how are the locals getting ready for this whatever it seventeen hundred square kilometer mile area. well it's going to be twenty minutes away from beijing connected via a high speed rail way so people be able to just travel there and the hope is that it will reduce overcrowding in china's capital city and furthermore in the chinese capital they're having issues with soaring real estate costs it's the best place to live and so the real estate costs are high now essentially this this new model city is going to be there's going to be government buildings there but it's also going to be a tech up now they just recently opened up what they call

a future hotel and this is a hotel without any clerks or cashiers where you check into the hotel purely by being recognised by facial sensor technology sound sensor it's really a hub of the future a lot of technology now it's also going to be one hundred percent clean energy and they're going to be bringing in and trying to bring in a lot of you know manufacturing in different factories and stuff but it will only be a low carbon emission factories they're not going to have any high polluting factories there they want to be kind of a model of what they call sustainable development. i read that there are the big you know pollution cars etc the facial recognition but it seems to me that some of these big companies that are going there like alibaba china mobile ten cent they're there because they want to be supportive but there's a different dynamic a communist country will businesses that are over there be required to actually

locate there what it might not at least initially be profitable while the oversight of this new area is going to be directly accountable to the central committee of the communist party will be local officials that are in charge and with the central committee that kind of determines what goes on there and they're going to do everything they can to make that city into kind of kind of a blueprint for what they think other cities should be like it'll be kind of putting into practice their vision of you know they just added to the constitution president she's out of thoughts for a moderately prosperous socialist society socialism for china. these characteristics in the new era and they're going to be in acting the policies that they think up in their think tanks in their leadership institutions they're going to and acting them in this new area and kind of putting them into practice one thing that i think is very interesting is in addition to all this advanced technology they're actually going to have some archaeological sites and some ancient ruins on display and this is the chinese communist party basically making the point that even though they are modern even though they're funding artificial intelligence research and all kinds of r. and d.

looking into advancing technology they see themselves really as a continuation of an ancient civilization and that the chinese dream is something that goes back way way further and that this is this is just a very powerful civilization you know asserting itself in a reasserting itself via the chinese dream fascinating amazing stuff but we so much prefer it when you're with us it's always great to have you always a pleasure thank you. we're going to squeeze in a quick break but hang here because when we return alex behind all of it tells us about the efforts to be proactive in containing the deadly ebola outbreak in congo and how some drug companies are helping out as we had to break here are the numbers at the closing bell states those. who.

you never know what's around the corner you never know what's in the pub even to walk into excitement it's not knowing that's where the adrenaline rush comes from. it is a political machine and the extremes of all forms. of violence is a part of. the schizophrenia. where you can do all these things and behave badly. they're going to be public hospital for a little while for the both of us both more so for the last one. on this million infirmed. rule follows from the thought. i would roll or when the fight broke out

really did a poll down down went up with. many of these images the least if you don't involve these constantly evolve and. join me every thursday on the elec simon chill and i'll be speaking to guest of the world of politics sports business i'm show business i'll see you then. welcome back the unemployment rate in the united states is three point nine percent

a level that some would call full employment while the president hailed this is as a major achievement some american lawmakers are looking to take that rate even lower down to zero that's the aim of a recent bill proposed in the u.s. house of representatives by california congressman roca hahn of the bill would give employers both public and private subsidies to hire workers for eighteen months the proposal would also aim to offer workers a living wage with key benefits many jobs have been created over the past decade but don't provide that living wage some of call this a watered down version of a similar piece of legislation crafted in the u.s. senate the idea of a federal job program has been praised by several economists including economist stephanie kelton a former economic advisor to u.s. senator bernie sanders who claim that the program would be something fundamentally transformative. and returning to a story we reported last week anti pollution protesters in the indian town of two to corin in southeastern and southern india have finally won their twenty two year

fight to close the sterile light copper smelter owned by then donta resources of london residents near the plant have long blamed it for increased cancer rates in the area as well as skin and respiratory problems they were provoked to push hard for closure this year when sterilize applied for a large expansion last week as reported here indian police are believed to have killed thirteen protesters demanding the plant's closure responding to outrage over the killings on monday the chief minister for the indian state of tamil nadu ordered the stair light plant closed and permanently sealed in ounce min of the closure prompted spontaneous celebrations in this and villages surrounding the smelter experts say long term cleanup efforts of the area and to do will be needed to remedy the local pollution left behind. and u.s. commerce secretary wilbur ross has rejected demands from european union negotiators

for permanent exemptions from new tariffs on steel and aluminum secretary rice's rejection was boldly announced before an o.e.c.d. trade forum in paris and in a column in the financial times european negotiators had demanded that the u.s. take tariffs off the table with a permanent exemption as a condition for beginning formal negotiations but in paris mr ross said there can be negotiations with or without tariffs citing china's willingness to negotiate while they are subject to tariffs on metals the commerce secretary is firm public rejection of the demand seems to leave both sides at an impasse with the current temporary tariff exemption for the e.u. scheduled to expire on friday june first. and cryptocurrency is absolutely taken on. off over the past year but they have actually lost a little steam as of late over the past year the price of bitcoin of many of us know when as high as twenty thousand dollars but now it stands at just more than

seven thousand dollars while this dip is definitely huge krypto still remain popular among retail investors and others but how long will they stay that way some skeptics see the fed fading and some critics even see it going extinct completely yale economist robert shiller yesterday claimed cryptocurrency is will go completely extinct the way of the dinosaurs and even said that he regards crip those as a failed experiment in the field of currencies mr shiller recently wrote an opinion piece on the subject calling kryptos quote the old allure of new money and quote in which he compares krypto and other schemes that have arisen over the past few decades while still yet to be seen of crypto currency is another block chain type currencies will prevail and play a key role in the future of money mr shiller and other skeptics have begun predicting that when the hypothetical media or will come and wipe out those all together here discuss it all is the chief market analyst for think markets and

joins us from london named thanks as always for being with us robert shiller isn't just some run of the mill economist is a nobel laureate at yale university and what did you make of the professor's comments thanks for having me as always. i said there was that he is referring to perhaps a very small part of the equation which isn't going to be there in a few years time by i think the concept of the cryptocurrency the cryptocurrency is themselves they definitely going to be there because i have said it on you share over in no i think coin is a religion and block chain is the technology behind that which is going to change the world yes ninety percent of the projects within this area of cryptocurrency would fail because they won't be able to deliver what they are promising but we have a many good projects such as d. stream such as x. riba x.

riba itself is trying to bring enormous amount of her gerben ins which would be what the regulators would be able to see that ok where the ice years are have raised money and what they have done on the other side is a project which is working with the countries a huge tube and others where they are going to change their financial model bring the cost low for the for a streamers and increase that their business plan their the business model for these ones there are so many projects that i can sit here and talk all day long which are going to bring enormous amount of change by the use of the blocks in technology and yes the cryptocurrency the talk in which is going a utility token which would be used to access these platform that itself is a crypto currency you would need that to create it to access that platform so it certainly is not something which you can just say that ok these are just dinosaurs

and they're not going to be existing there yes some a lot of them were not be there and then you can relate them and you can paint them with the same brush name so you did a very you wrote a very interesting opinion editorial you were saying that actually the bear market for kryptos may be turning borsch explain it. yes sesame i think if you look at the price trend of the bait corn price you can see that it is moving down what's but mine is a very important part of this fundamental equations because the if you look at the hash rate which shows that how many mine is actually mining big corn that is constantly going up so i do think that in a month sort of a few a couple of months time we're going to see this bull trend up and even if you look at the monthly charge that tells you the entire story there the bull run is about to start a bit coin niamh a slum think markets thank you so much for joining us appreciate it.

plus it's almost two weeks since the deadly virus ebola popped up again in the democrat republic of congo the last outbreak which began in two thousand and fourteen and only ended two years ago and twenty sixteen killed more than eleven thousand people in part due to uncoordinated action by the response teams this time effort seem to be more proactive in some companies including drug companies are playing an important role r.t. correspondent alex behala which gives us the latest alex thanks for being with us how are the authorities of the democrat republican of congo handling this of all outbreak differently than they did just a few years ago. you know horrible disease and let's have a little bit of a reminder here of what this disease is actually all about we're going to bring up a graphic from the world health organization just to remind us just how horrible

horrible this thing really is so between seven to nine days you get headaches fatigue fever sore muscles the next day day ten already high fever vomiting blood passive behavior day eleven bruising brain damage bleeding you nose mouth your backside and day twelve loss of consciousness seizures massive internal bleeding and of course death now in this round we've seen more than twenty seven people die in the world war health organization is warning that digges could get worse they can go to from at a regional level to a national level and of course to an international level this thing has spread before and they can spread again the good news is reaction time has been very very quick this time over this is something that we've never seen in the past that medicines were ready the people were ready world health organization and local authorities so they jumped on this as soon as they possibly can within the next couple weeks we're going to look at the way that this operation has taken place and then we'll be able to measure how successful it has been. from a you know it's

a horrible human circumstance alex but from a business perspective the modern pharmaceutical industry is often criticized but in this case it's doing some good at what he tell us about that. absolutely this is a very different scenario since the last time we saw that massive a bull outbreak there's been a headways when it comes to vaccines and even treatments for people who have a bull now the vaccine part of it is something that they're working really hard on the problem with these vaccines though is that they need a very very cold temperatures to be transported from a to b. but they are being moved and this is what the strategy is at this point to get just breakdown with the vaccine is called it's r.v.s. v z e b o v is that. i'm not quite sure but over seventy five hundred of these vaccines that were made available immediately and what they did is they wanted to employ a thing called ring vaccination program so a ring vaccination program what it does it hits the people that are closest to people who have a bowl of the nurses first responders except these people are vaccinated this is an

experimental vaccine still has not been approved but it has been successful to date so this is really where the pharmaceutical industry comes in we know a company called merck a major pharmaceutical manufacturer in this world they actually have donated this vet these vaccines and another group called gavi which is part private part public there are the gabby vaccine alliance they put a million dollars towards getting these vaccines out so this is a huge leap forward when you're talking about trying to control this bull before it goes any further and we also know that some of the treatments that are out there they've been tested and they have worked there's even one case where an infant child with a bola was saved due to some of the treatments again these things are not approved at this moment but they are moving fast and hopefully what we have out there will work and stop the a bullet spread so we don't see what we saw last time around well alex the drug companies get hit hard and for a justifiable reason a lot of time it's good to see a few of them at least doing some good work artie correspondent alex mann hyla

that's thank you for that report thank you. and thank you for watching be sure to catch boom bust on you tube you took dot com slash boom bust r.t. we'll see you next time. in july twenty seventh team hunted up a freelance journalist watching was on t.v. a militant shelling in syria. to own his sacrifice quality has established a hundred all sorts of memorial they will recognize more reporters who often risk then months with the sake of the truth and through that peace you can submit to your published works in a video form britain format until june the twelfth go to a war dot com. well you know the fires they were kind of adopted because we were called pirates

for so long. i mean they're in the small boats next to the hard pool of ships and it's ten. pm might not be time to. kill them all self to make time for fish already in ninety minutes and they'll be darn hot and you won't be calmer. contemplations coops seventy five tons true and they do it several times a day with a clean collar you get an idea why. we have to understand we can all stay still and just. be with in this moment he is the only going to get around. i'm doing this because i want the future world to the future can generations to have and enjoy the ocean how we have.

applied for many clubs over the years so i know the guy even saw the guides. football isn't only about what happens on the pitch put the final school it's about the passion from the fans it's the age of the shaper money just kill you narrowness and spending shouldn't twenty million one player. it's an experience like nothing else going to because i want to share what i think of what i know about the beautiful guy my great so will transfer. the case it's going to. you never know what's around the corner never know was in the pub you can walk into excitement it's that now and that's where the adrenalin rush comes from i.

can get is a moot point definition and the extremes who will support. the violence is a part and it's almost a schizophrenia gang culture where you can do all these things and behave badly. they're going to be full of horse colorful all. the more so for the last. funniest man in firmware walk. in the start. of a broader where no five figure out really did uphold are going to get. the meaning in these music beast if you don't and the evolves it's constantly evolving . italy's recent elections again demonstrate the us new liberal agenda is under

continued pressure even under threat where is this grand historic project going how should we understand the italian elections the german elections and drags it into television. in the group. to. move. out of. you really. believe nothing.

as the north korean leader plays host to russia's foreign minister is the only international channel allowed to follow the delegation inside kim jong un's palace . if only someone told me where exactly we are right now this is how suddenly you get treated to cranberry juice kim jong un's residence hello i can barely remember being given such access at other locations around the world i'm absolutely shocked also this hour the spanish prime minister's ousted in a no confidence vote and corruption claims his socialist party rival will take his place and. look different. but. russia pushing.