but there's some of. this is boom bust broadcasting around the world from washington d.c. i'm far children thank you for tuning in coming up companies are competing and catering to millennia but how are they doing so and how do they feel currencies factor into the equation kristie i co-founder and managing partner of the tech trader fund will tell us plus the trade wars and tariffs and sanctions being bandied about almost every single day how are markets and individual stocks being impacted the c.e.o. and founder of the sloan financial group angela sloan joins us just does and will be joined by john's mother saul from i.h.s.

market to discuss tougher prices at all means you plus the group of seven meeting starts tomorrow in canada steve malzberg they teach him what might take place all that ahead but first let's get a few of. us tech giant google is bracing for a big hit from european regulators the european union's competition commissioner margaret best agree is expected to announce the results of three ongoing antitrust investigations of google and parent company alphabet within the next month the most problematic case for google and vault their android mobile operating system published reports suggest the fine on that front could be as much as two point four billion euros in the android case google has been accused of coercing device makers to pre-install google products including google chrome in exchange for privileged access to google apps and the app store the case could have major implications for google and its business model because the practice is the e.u. is expected to declare. legal have been central to the company's growth strategy

a year ago google was punished in the so-called ad sense case with a record setting fine of two point seven billion dollars for an eye competitive practices in how they choose to display shopping search results google is still pursuing appeals in the ad sense case. the drama surrounding chinese tech giant z t e appears to possibly have played out that company has agreed to pay one point four billion dollars to resolve allegations that it violated u.s. sanctions on iran and north korea of that amount one billion will cover the fine while four hundred million dollars will be put in an escrow account and forfeited if it is accused of further violations by the united states will also be placed under heightened compliance oversight by u.s. authorities and any further violations were result in a ten year ban on u.s. components the resolution will effectively re storage access to parts exported from

the united states to trumpet ministration had previously threatened to cut off access to u.s. made technology and tiredly which would have severely crippled z t e the company then became a piece in the on go door to chess game between china and mr trump a trip ministration and president trump notably called for leniency on twitter saying too many jobs could be lost in china if the company was forced to fold mr trump was strongly criticized for that tweet by the not just talk of democrats but by members of mr trump's own republican party including senator marco rubio the chief justice of the cayman islands has found that a prominent saudi family and kuwaiti businessman persisted pated in what he called one of the largest ponzi schemes in history the long running case involved loans totally one hundred twenty six billion dollars from one hundred eighteen banks and mutual finger pointing between the saudi al say goby family company a h a b. and quaid a business a who said. group in the wake of the financial crisis of two thousand and eight. a

b. is accused. of defrauding them by obtaining fraudulent loans to support a unit of be called the money exchange but the chief justice found that a bit was aware and complicit in the loan fraud and that the al say algos say be family engaged in personal massive borrowing from the unit mr elsei who notably bought a three percent three point one percent stake in h.s.b.c. and twenty seventeen and twenty seven rather and the collapse of the group was saudi arabia's biggest corporate casualty of the financial disaster of two thousand and eight. economies around the world are being impacted by millennial and companies are catering to this group to bring in more revenues how are they doing so and how do things like crypto currency play into all of this to help us out we're be delighted to be joined by a former big bank trader kristie the tech trader fun kristie thank you so much for being here the pleasure to have you so how are companies dealing with these folks.

trying to get their dollars thank you so much for having their i think one of the most important things that companies need to do is sell the whole package them in laos and not just the product don't care about the good they care about where the good comes from and whether or not their social impact and volved in the us they don't want to buy a product that is maybe made by child slave labor or anything like that so they want to know the good and where the dollar is so that is one of the most important reasons that companies have social good programs you see a lot of millennial founded programs that do like you buy a stock we donate a sock to homeless that you buy a salad we plant a tree joyfully responsible sort of the companies that they like those and what are some of the most the companies that are most impacted by millenniums i think a lot of the companies are impacted are centralized companies and by that i mean millennia. prefer

a peer to peer connection so that is why social impact is so important they want to feel like they're doing good that there's a connection so that's why centralized companies such as like a hotel they're being disrupted by things like air b.n. b. where the someone can just do a peer to peer rental agreement for a vacation or things like over and taxis like taxis were replaced by ober because no one needs to take a taxi anymore they can have a driver like a neighbor drive them to the store say with marketing influencers so in addition to showing that they are maybe socially responsible also you'd like the peer to peer which brings us to crypto currencies that takes out some of the middle man why did millennia in particular because when one thinks about kryptos you think about libertarians but it's not just libertarians and certainly all millenniums are libertarians why don't know whether you'll specifically like kryptos kristie the same thing at centralization we want to know where our money is going and they believe in the peer to peer network of the decentralized cryptocurrency network

they want to know where that coin has been who has it they want custody of it so it's more so about financial transparency and not so much that they don't trust the big banks it's more so like you don't need a big bank or intermediary to exchange funds are make a payment it's payment processing that section and millennial think is unnecessary and is a burden so why not do a peer to peer transaction you know exactly where your money is you know how it's going to settle and you can see it very transparent on the block let's talk about exchanges a little bit you used to work at j.p. morgan chase you were a trader there show you've seen sort of the big financial institution side of the cryptocurrency is there anything but that but big institutional banks but there it seems to me that there are certain number of exchanges out there we cover the coin based or yesterday coin based going to japan there are thirty countries when millenniums are looking at exchanges. what should they be looking at as

a solid exchange to go to talk about liquidity a little bit specifically absolutely i think liquidity is first and foremost you never want to buy something that you won't be able to get out of and that's where a lot of like the scam me all the coins come in because they issue a quine and there's no exchange that this coin is traded on there's no liquidity you can't take your money out and that's like something of a scam i see zero point and so liquidity is tremendously important you want to have an exchange that is able to provide you very fair liquidity no matter what your position size is a very good number of koreans that you can trade and you want to be able to make sure that security is first and foremost for the exchange because you never want your coins to be hacked because this is a digital currency you don't see it on paper you can't hide this under your mattress so if the exchange gets hacked you can lose everything you know so security and like reputation of the exchange is absolutely crucial we've seen that happen with coin checker people lost a lot of their money all the points in their defense did pay a lot of that back at reduced rates let me ask you a final question here got about forty five seconds so robert shiller the nobel

laureate economist said that point won't be around in a hundred years but do you think there will be crypto currencies around in one hundred years kristie i think there will be a form of crypto currency i think was a major stepping stone for this entire block chain revolution i believe the technology that gave us is very important and the fact that this is going to be a faster more efficient cheaper way of payment processing that technology is not going to change so absolutely there will be some sort of crypto currency that will replace the entire payment processing network i think that it's very likely last quick question bitcoin up twenty grand late last year down in the seven traded up to eighty six hundred a couple weeks ago will have the specific number of the bell but where is bitcoin going to be at the end of the year i'm a little bullish on this i think it's going to be north of fifteen hundred fifteen thousand but less than twenty i think a lot of that is going to be from the i c o's that came out last year a lot of them are busts

a lot of them are falling apart and failed projects but there are a lot that are very successful right now and are coming out with new turning stones right now kristie are it tech trader fun thank you so much for being here is pleasure to have you come back. it's been market madness these past few months after a period of will he or won't he and president donald trump has finally issued terrorist against u.s. trade important countries like canada mexico are ready to fight back with tariffs of their own and the e.u. is poised to take the nation to the world trade organization but what is the most important impact on the markets and stocks joining us to talk about it is angela sloan the c.e.o. and founder of the sloan financial group angela thanks for being with us today let's get right to it as someone who has a track record and looks at stocks and picks them based upon various factors

influencing their prices what do you see coming out of the top on top of all these tariffs and sanctions coming into play. well first of all we don't know that they are coming into play you know you know mr trump and you know and his negotiations you'll throw the ball out there then you know relate back in and then there's all this negotiating that we don't really know where this is going to land so we don't want to create panic but if these tears take place there's going to be some winners and losers as in most cases so your winners will be things like nucor steel u.s. steel. these are companies that's based here in the u.s. they're trying to get there still for near in the u.s. and it's just going to increase their business the one that no i don't have said negatively are the ones like your your auto dealers or general motors or ford and oh let's not forget our bud light and house or bush your big drink companies that use a lot of aluminum cans the coursers boeing and there's lockheed martin any company that uses a lot of steel and particularly imported steel could be negative negatively

affected by the tariff if the tariffs take place absolutely and what about you know we talk about the winners what are some of the the i mean the losers if the steel if it comes in and those companies are it have a higher price on steel or aluminum it's definitely going to hit them but are there other losers out there others that might we might not be thinking of that might take a hit in the future. well you got to introduce the consumer because you understand that in general motors and ford if they get can are hit with terrorist for the because they're huge exporters of the automobile so if these countries got bank say well you know we'll just thank you one good turn deserves another so we're going to put these tires on your vehicle that's going to really hurt ford and general motors and have wars in the big dream companies that use a lot of aluminum in order to to package their products their cost is going up and

the consumer cost is going to go up and that you know in the end the consumer is the one that's really going to pay you know but particularly the guys that angela on i looked at what the mexicans are talking about and they're talking about striking back with tariffs on on fruits and vegetables except and things that we import there and and of course we get a lot of our fruits and vegetables something like sixty percent from from mexico so it could be a big deal do you think there might be some food companies that might be impacted by these tariffs other than of course those food companies that put things in cans we sort of covered that. well remember mexico don't want to cut their nose out to spite their face so they need us to buy all those products as much as probably more than we need to remember you know we can grow our own food here but you've got you've got to understand all terrorist may not be created equal we don't know what the terrorists are going to be and mr trump is

a businessman he's not stupid he knows what he's doing and i don't know that all the terrorists will be the same so if you go back to the steel. we get our steel our number one importer for steel is canada so that's where to get the majority of our steel then then there's brazil and right one hundred zealous south korean mexico russia turkey japan taiwan and people they own that we get all this deal from china and china is actually number eleven aliya so we don't get a whole lot of our steel from china and that's one thing number two are the pairs going to be equal you know he's thrown that number out there twenty five percent tariff is going to be twenty five percent for canada or will canada be ten percent or canada be nothing so it depends on where they get their still from and where these tariffs land and again i want to districts we all know that the tariffs are going to happen it's hard to fake hard to figure out where he is on some of these things and even on the tariffs the steel tariffs on mexico we import eight billion

dollars more steel into mexico than they import here so it's tough to figure out i hope it has a sneaky strategy and it all works out and i know you do too we thank you so much for joining us angela sloan of the sloan financial group thank you for being with us angela. thank you for having me it's been great. time now for a quick break but hang in here because when we return metals expert john mothers all of i just market will dig deeper into increased copper prices and maybe west about a woman and plus steve malzberg joys us joins us to sneak a peek at what to expect from the group of seven meeting which begins tomorrow in canada and as we go to break are the numbers at the closing bell mixed day for stocks on the big board but all green arrows on the second page with oil white and gold all of this point just about seventy seven hundred dollars we'll be right back .

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welcome back the price of jet fuel is taking off and passengers may get left behind after a fifty percent price increase over the past year airlines are raising fares reversing a four year trend u.s. carrier delta and american cut profit forecast recently with american predicting two billion dollars in additional costs this year airlines are also expected to cut capacity fuel this fall as a proportion of total cost to airlines in recent years but still accounts for about twenty percent of all operating expenses airlines are still expected to be profitable this year in part because new fees imposed in recent years have given the carers an additional degree of financial insulation from price shocks. and another price news copper is writing

a four year high about above seventy three hundred dollars rather per ton among the factors pushing the price higher as demand for higher wages from workers in chile as massive as escondida mine operated by the anglo american corporation b.h. b.h.p. billiton copper has jumped seven percent since a copper worker union delivered their demands last friday and last year negotiations between b.h.p. and escondido union led to the longest strike in modern chilean history after six weeks the union invoked a pause to extend the old contract to july of this year another factor which could be pushing prices up as a closure of the corporation smelter in southern india a story we've previously reported the plant in the town of corinth previously produced four hundred thousand tonnes per year and on that note while copper isn't a prized as some metals like gold and silver it's still an important part of everyday life it's in everything from wiring to the radiator in your car with some of the highest pricing levels we know terror to john mother still director of

pricing and purchasing service at i.h.s. market john thank you so much for being here what do you think's going on with these high prices i think the spike in prices over the past couple of days simply reflects the the negotiations that are now taking place that has competed you think it's all escondida related i don't think it's related to the smelter is that indicative of it but i think that the market has been a little bit anxious about these. labor negotiations this reopening of the of the of the talks the union contract from last year especially given the history at the mine just from last year as you noted and when we talk about copper in general you know one of the big movers is always housing in whether or not there's new construction of pipes accept or is housing impacting pricing much you think or is it more this the union issue i think right now the spike that we've seen just the distance week the past couple of days. i think it's tied to the yes indeed in negotiations more broadly when we talk about the main consumption growth. we need

to start with china need to focus on what's happening in china ok well tell us about that about the growth in china but china is also a big trader in these markets right correct correct china's about china's footprint in in a range of commodities in a range of minerals as huge they you know rough number they represent about half of global consumption in a wide range of different industrial minerals including copper ok and so they represent happy that's all the growth going on in china they represent half a half of what it used and then what about their their positions in markets so with copper is traded a few places around the world of comics in new york vitals exchange london the mail me and then china and are they in all of those markets are they just in shanghai. the industrial metals are or not the child yes all of them all of them and when i know you can't see in my old job we would see what companies were at what positions

but do you believe the chinese companies are significant players the needs markets to the extent that if they all decided to do something they might be able to push prices around a little bit and that is certainly the case i think what's been interesting to see how the how the global market is involved in the past three to four years five to ten years is the shift east in the focal point the center point in these markets traditionally industrial metals price determination has taken place in the london metals exchange that is still the case but we've seen a number of occasions in the past two to three years were events in china precipitated movements on the element that is china was causing what was the initial trigger point for price movements that then migrated to the el of me sort of a reverse of what is traditional and is it a bigger pie is there more volume or is are the chinese companies for hedging or speculation taking a bigger piece of the current pipe from bigger piece of the current pot. well the whole nexus losing out a little bit no actually what's interesting is sort of it when you look at trading

volumes across these three big exchanges the london metals exchange still dominates the cold max has actually been garnering more gaining market share for the past three or four years because of some very aggressive fee increases on the london metals exchange and then shanghai has just been growing because china's growing and it's your confidence in the shanghai market with regulatory you know safeguards etc i think so i think increasingly i think the big step that the shanghai exchange needs to take is that needs to open to foreign investors now we've seen in iron ore the darley an exchange has recently opened it open trading to foreigners and the expectation is that over the next five years that a lot so be the case. and on the shanghai futures exchange we've only got about thirty seconds but i want to ask you about aluminum which you also cover there's been sanctions and there's also been tariffs on aluminum that's what's having the biggest impact on aluminum price i think sanctions are the bigger story globally that it is there because of roussel or other things because of rusalka roussel is

a major global producer something like six percent of all global production primary production responsible for if sanctions effectively quarantine russian production that has an impact on the global market which we saw back in april when the sanctions were initially and john mother saw with i.h.s. market thank you so much we hope you'll come back and dig into these issues more thank you. and starting tomorrow the group of seven or g. seven summit begins in canada the group consists of canada france germany italy the united kingdom japan and of course the united states each represents a large advanced economy comprising more than sixty percent of global growth domestic product this year in particular are expected to be fairly contentious given all of the tough trade and talk about tariffs and sanctions much of the instability has been created by the trip of ministration through what others see as

particularly protectionist policies and here to help us understand more and tell us what he thinks may occur is conservative t.v. and radio host steve malzberg stephen thank you so much for being with us it's always great to have you we reported yesterday on the increased concern from france germany and the u.k. related to the secondary sanctions the u.s. sanctions on companies in those countries that are doing business with with iran for example and tomorrow the leaders from those companies will be joined by the canadians a nation not too happy at this point with the u.s. what do you expect to take place steve. well you know there was a press conference today between the president france mccrone and the prime minister of canada up at the site and trudeau and they said they're not going to be intimidated by to his credit mccrone also said that this could be a time to discuss the issues and listen to each other and make compromises so it's

going to be very interesting of donald trump of course who is the enemy so to speak coming in and he basically views this whole thing as if not a a bother he certainly doesn't want to be lectured by these people on the eve of the north korean summit which he's going to leave after two days in canada and go right to to the summit with with kim so it's a whirlwind for donald trump and he doesn't want to get sidetracked and bogged down and come out looking bad by being lectured to from you know by these people of the other g six nations if you will it's going to be contentious it's going to be tough to come up with some kind of consensus but let's hope for the best that's all we could do yeah well i will be hoping for the best and you know he both president mccrone and chancellor merkel came in sort of made that personal impassioned pleas you know not too long ago a few weeks at the white house but you know the president president trump can't control these folks when they're in public in another country so i think it's

gloves off because those folks are getting pretty upset as we we know particular with these secondary sanctions what do you make of those companies like told. they were considering not doing business with iran because of secondary sanctions what do you make of it steve well the e.u. is one of the united states to lay off on the secondary sanctions when it comes to everything from banking to health care to pharmaceuticals and all of those of course you know if the united states acquiesces on on this then they lose i mean i don't see how trump could say ok you know we want to squeeze a rand squeeze them. real hard so they'll never think of enriching uranium and getting a nuclear weapon again but oh you guys you could undermine us and you could do business with them and we'll just lose out and it will be ineffectual so i just don't see how trump says the u.s. will well allow that to happen it would be it would be defeatist plus iran is now starting to enrich uranium again they just announced that so it's kind of

a blackmail situation as well rand is saying well this deal falls apart we're going to go straight gangbusters with our nuclear program it flies in the face of everything trump has said so far i don't see it happening and we'll also see steve what canadian prime minister justin trudeau has to say he's been one of the harshest critics in recent days of the trumpet ministration so we hope to have you back to fill us in on that in the future conservative t.v. and radio host steve mauls burke thank you steve thanks bart. that's it for now you can catch boom bust you tube you tube dot com slash boom bust archie xanax time. i think the last to the interventions military interventions show that to those who usually be to listen to the little yes the regime change will suffer from upset and

take iraq with saddam hussein take a dusty leave the time i think this is a b. to listen and think we should we lose should tell you exactly these nation listens so she changes all those who should accept our limits but i think the ideals regime change will need to turn into the shoes from outside it's mostly old. president bush said.

tensions are high ahead of friday's g. seven summit in canada with world leaders engaging in tough talk over new u.s. tariffs and donald trump is saying he's ready to fight over the issue. from the world cup to world war three foreign policy shares in the spotlight with domestic issues during vladimir putin's sixteenth q. and a session with the public. in time for a wake up call the british parliament's upper chamber the house of lords that is rated over members falling asleep during sessions we get reaction on the streets of london. this place but i'm going to be that's having nothing from i went so well to say washington i'd love to be paid for having a campaign in my office that's a long day to just listening to other people all day long.