aides saying canadians are polite and reasonable the prime minister also said that canadians will not be pushed around in reaction president trump who left the gathering early to head to singapore declined to support a joint communique amongst the g seven countries related to free and fair trade and called mr trudeau quote dishonest and weak and on sunday newspaper on the sunday news program president trump director of trade and policy mr peter navarro said of the prime minister that he deserved quote a special place in hell and quote which proves that the current us leader and his staff are certainly not polite nor perhaps reasonable while mr navarro previously said that no country would retaliate against the united states related to trade tariffs canada will be imposing thirteen billion and the european union will impose three billion dollars worth of tariffs on u.s. goods while the truck administration's goal is to reduce tariffs on u.s. goods it's not worked out that way at least so far meanwhile in a matter of hours in singapore president trump and kim jong il of north korea will

hold the first ever meeting between leaders of the two countries after seven decades of hostility from the u.s. perspective the talks are an effort to denuclearize north korea and from the north korean perspective there is hope of getting rid of economic sanctions by the u.s. and other nations on north korea and as the g seven leaders disagree over trade tariffs and sanctions russian president vladimir putin and chinese president xi jinping are cooperating more as part of an expanded regional security block the shanghai cooperation organization or f c o while the group has existed since two thousand and one the first as c.e.o. summit took place over the weekend with two new and notable members pakistan and india at the event in an apparent reference to the united states president said quote unilateralism trade protectionism and a backlash against globalization are taking new forms mr g. suggested the priest. of cooperation among nations for mutual benefit.

and to tell you in bonds and stocks are rallying after the new finance minister giovanni tria reaffirmed the new government's commitment to the euro he said quote we are not discussing any proposal to exit the euro he then went further saying the government is determined to avoid the materialization of market conditions that push us toward exit in any way mr tree also said the new government is self-motivated to control and reduce debt not just to police the e.u. bureaucracy bank stock rose on reports of his comments yields on a tie in bonds fell to one percent after having gone above two point seven percent during the most chaotic phase of the ruling coalition's recent effort to form a government mr truro was nominated for the post after the ruling coalitions first proposed cabinet slate was rejected by the president because he suspected the finance nominee as being a euro skeptic. and

there's a lot going on in europe much of it involving immigration a lot of things regarding worker rights and specifically what's going on regarding italy that we just spoke of in that regard a little bit earlier we spoke with luke of decent t.v. the general secretary of the european trade union confederation here is that conversation. and immigration is an issue that has divided the u.s. labor movement in the past before they reached their current pro immigrant position but immigration also is a key component of europe in politics and in recent years this issue has been continually controversial mr general secretary what's the what's your position on immigration and the specific problem and choices facing the e.u. . what within the the european union and europe more in general were not able to address this emergency in the proper way international rules were not respected few

countries including he told me my own country were completely left alone you know addressing this emergency and inserting a rescue people at sea and trying to avoid an immense a strategy to a tragedy to happen but that was already coming from the large majority of member states of the european union the didn't give an end at all to eataly greece but also to some other countries like germany and sweden the tried to welcome some of these refugees and to integrate them into society in the labor market of those countries so four countries along against the other twenty four were completely. burning on their shoulders i mean that that would burden of this of this situation of this emergency and frankly speaking the situation is not going to improve at all because there is no agreement between the different member states despite of the efforts of the day european commission put in place in the past i mean to try to convince them to share this responsibility are ready and in coordination and now we are facing

a king or another some are coming and there are already under the hundreds of migrants who are trying to cross a to cross the mediterranean sea and to reach the european union and we have an episode that happened exactly during these hours that was the italian government the new italian government refusing to welcome six hundred twenty nine the refugees that were on a board to try to reach the european the european court and they try to put to push these people towards multiple multiples not in the condition to welcome them and in the end it was the new spanish government mr pub but it was sanchez that is the prime minister of spain that offered for the money to be and reasons to welcome these people in spain so this is really a symptom a great example of how bad the situation is a regarding migration in europe there is no strata. g. there is no common values to the reason or respect of the international rules so we as the european configuration are really bland bluntly criticizing i mean what the

european union is doing or not doing i mean to try to fix this problem and you know a lot of discontent also among walkers comsec suddenly from these from the lack of capacity to address the problem in a proper way to have a sort of responsibility in place at the same time and being able to provide these people with the right integration that means also equal treatment we do not have workers of europe and we are campaigning a lot on these elements and try also to have been times of integration on the ground through our members and so there is a clear position from the european trade union movement but unfortunately we cannot say the same when it comes to the european institutions and mr general secretary you've written pretty eloquently recently about how do you obs can create better social economic justice explain that to us while you know let's say a decade ago we were the best benchmark in europe in the global arena i mean as the european union because we had a fantastic social model in place we had

a lot of cohesion very low inequalities and so on but then the crisis came and the crisis destroyed thirty twenty three million jobs in our continent these unemployed people are still unemployed unfortunately and the european economic strategy that was put in place by the european nation our institutions was not able at all i mean to address this incredible crisis and so now we have a very i level is not only full of unemployment but also all inequalities a socialist collusion an enormous on rest and discontent among orcus and people regarding this situation that's why we think and we say all the time that it's really high time i mean to change completely first of all democracy. to boosting best. the internal demand to change is the new liberal it'll start at the policies and do go back on track with sustainable growth it does is the only way to create new jobs quality jobs that can replace the ones that have been destroyed by

globalization and by the crisis and this is really our key demand but of course these goals together other elements of the particularly two elements that should go together a sustainable model for growth on the one side the need to to increase wages we need to really to the profits with working people we need to really to change the balance in the labor market in the economy between the rich people that are very few and the middle class that have been completely impoverished by by this crisis so rising wages is the core of our campaign for a pay rise for european workers and on the other side that is the need to restore our european social model and there are some initiatives fortunately speaking coming from the european commission that is this idea of a stablish in a new pm. it's this means a sort of cult of fundamental rights for workers and and for their working conditions in europe but also to be called the social protection benefits of all

these at the core of the discussion at the moment in the european union and of course in our priorities to transform these the carload of principles into reality and for doing that we need first of all european legislation to be put in place because fortunately there is still the possibility of having european law ruling labor markets and working conditions and making sure that we could have a level playing field but of ending social dumping to happen and also downward spiral wages and working conditions to happen this is really what we have to do to create a better future for our work is seeing europe and mr general secretary before we run out of time i certainly want to get your take on italy on your home country recently the italian finance minister is said that the e.u.'s no plan to leave the euro which has shot the markets up in recent days pretty good thing. what's your view about how the future will go with the new italian government well let's say the new italian government is a bit of a nigga in the sense that you have two parties that came together to sign

a contract as they call it but you know these two parties have completely different and they verging agendas particularly on social issues but also on economic issues and financial issues. some say slogans in the come paying for the elections leaving the euro leaving the european union less my gran's and cetera et cetera but you know when it comes to the reality and not to the company for the elections to the real things that you have to deliver well it's not yet clear what they are going to do so we are really waiting to see what will be the real strategy in the real achievements that they have in mind to do to bring together in i mean their program after the elections there are no clear signs so far what is really relevant for us you know is first that they recover the italian economy in a sustainable manner to create more jobs this comes before any other kind of financial taxation or euro area issue or being the first point is if they are able

to keep their promises of creating jobs for people and for the moment we don't know if we are waiting to see if they will be able to do so and on the other side we want the italian government to participate in the european debate about the european people of social rights making sure that the new legislation going on at the euro the european level for water life balance for protecting gender equality in the labor market for making sure that we can build up eleven playfield off rights of four european workers etc well making sure that all these can be achieved before the european elections that will take place in one ear time and i think they were they tell you in government or board or not on this that months would be very crucial for us you know eight zero is one of the most most relevant economies in europe but also one of the most relevant countries it depends on them if they were . really to have a role in this discussion or not if they have to be power if they want to be powerful or. they want to be completely ruled out from the discussion and from the

decision making process so we are really facing a crucial and very enigmatic moment it will be very important and interesting for us to understand what they are going to do in this respect this our priorities and we are going to discuss with them if they will be able to least into us of course look of isn't easy the general secretary of the european trade union confederation thank you so much mr general secretary prescience your time. thank you very much for that. and time now for a quick break but i hang here because when we return there are new e.u. regulations designed to protect people's privacy we'll get the latest on what and how they are working from enter kearney on global privacy expert miles edwards plus artes ashley banks looks at some crazy unusual point offerings that might perhaps should scare us all a little as we go to break your leg numbers at the closing bell another tough day for stocks today and coin is the only red arrow at sixty seven fifty nine will be

right back. and is getting international recognition with the help of israel at least in the world of zoos i'm in believes it was dismissive to do it like you know that this isn't my complicity is something going on the sunday oh maybe you know john how about you tell nobody should the only palestinians who gets the most help from its jerusalem counterparts i don't think there's some of those who in the world under the oak vision to know when to do this. and that is all of us not just you have to this lady of the most of that you have i don't know if you competed in the doesn't seem to do more commitments last time but there's no. good food bringing people together and i'm sure that these folks will be of the

exception of good will come on the field of play the those who for the meat for the feet of the nature of russia to show that they are able to organize evoke up. and welcome back a spinoff of story. u.s. retailer sears is closing down a major portion of its stores sears hometown and outlet stores nk was a spin off of the former larger company and they spun off in two thousand and twelve and announced on friday that they would close one hundred of their eight hundred eighty two locations in the u.s. this quarter the retailer also announced a nine point four million dollar loss for the earnings period ending may fifth it expects a charge against earnings of seven point five million dollars for the cost involved in closing the stores and at this headline is a little giving you

a little bit of deja vu that's because sears holding which runs the regular sears retail stores announced at the end of may that they would close seventy two stores in the near future and those seventy two stores were not a list of the most one hundred unprofitable locations. the fight between china based multinational conglomerate ali baba and ten cent has escalated to the point that investment banks are being pushed to take sides ali baba's affiliate ant financial reportedly demanded the signing of restrictive non compete agreements as a condition for banks one to participate and three said ten billion dollar funding round this follows a pattern of ali baba's i.p.o. in september two thousand and fourteen when the company demanded participating banks agreed not to work with tencent or with j.t. dot com a competitor e-commerce company without ali baba's consent while the specific agreement has expired reportedly remains eager to keep partners away from j.d. dot com as

a direct competitor experts say ali baba and ten cent do have reason to be anxious about who their bankers partner with since agreements and shared projects may reveal critical data and strategic plans. the european union's general data protection regulations g.d.p. are went into effect on may to. and fifth in an effort to protect the privacy of european union residents what does it do when will it work here discusses attorney and global privacy expert miles edward miles thank you so much for being with us really appreciate the g.d.p. are lousy you residents to access their collected information and have the information amended or even deleted how does that actually work and what else does this regulation do. well first of all thank you bart for inviting me on what it's does is well first of all i think we've all seen the implications of g.d.p.

already you've probably already have received an e-mail saying do you consent to receiving this information do you consent to still being on our list so one thing to keep in mind is that for us firms especially you don't need to have a physical presence in the e.u. to be subject to it if you store data or you have clients in the e.u. you are subject to it and vice versa so many american citizens already have been receiving. email requesting consent from european union firms that they may be doing business with and what's really important about that is read exactly what type of consent you're doing and in addition to that you're going to find that with it is a privacy policy for the firm so it's extraordinarily important to read over this information because it's going to give you a sense of what the new g.d.p. are is going to look like for you miles i've wondered and knew may have just

answered the question but i have been getting a lot of additional consents and i didn't know if those were just general privacy updates related to the whole facebook cambridge analytic a scandal that they were in the u.s. so you think maybe a majority of these things that are coming are actually coming from your from with regard to g.d.p. are absolutely i mean we live in a global environment bard and even though you may not think you're conducting business or that a european union firm has your information most likely it does and so because g.d.p. are became effective on the twenty fifth of may right now we're seeing an influx of e-mails being received by a u.s. citizen so again read it over and you have any questions part of. the g d p r is it's incredibly democratic and now lousy individuals to have control over their data not only does it allow you to petition that firm to find out what data they

have on you but it also allows you to control the way that they use that data and it's incredibly liberating in fact i have never seen a privacy regulation that is so broad and is so consumer centric as g.d.p. are it's sort of amazing i wish they would do what i know you do in your life as an attorney and i used to do on capitol hill is give you a nice red line of what it was before and what is it now because they are so long and complicated but your advice mile is miles as good about reading it do if you have problems can you and can u.s. citizens take advantage of this also can you actually seek to see what information they have and if it's incorrect have it updated or delete it. well to a degree you do and you're not going to have all the rights of a european union citizen would have but you do have some rights and one thing to keep in mind for it as well is that the united kingdom even though they have

technically removed themselves from bracks it is still abiding by it and so sometimes you going to see a situation with certain scandinavian countries which may not be technically european union countries and the united kingdom is still abiding by it so it's extraordinarily important to pay attention to this now what's also interesting as well is that with any sort of privacy regime there's a barrage so individual states with in the european union have the ability to moderate and revise the g.d.p. are now they can't lessen the restrictions and they can't lessen some of the robust protections but they can certainly add to it so i think what we're going to see is we're going to see a long road of g.d.p. are and for american firms for american financial firms again i advise them that even though you may not have a physical office somewhere in the european union if you store data there or you have clients there you're absolutely subject to two things one there is that

initial data protection initiative back in ninety five that seemed to go no place because they didn't have strong enforcement it sounds like this one does miles and do you think that those lawmakers in the u.s. may look at this at that g.d.p. are and emulate those provisions to some extent i think they're going to have to because again we live in a global environment in one thousand nine hundred five twenty three years ago was a little bit of a different situation because the regulators did not have the infrastructure the manpower or the technology to enforce it and right now we're finding that the regulators are coming on par with their constituents which are primarily the firms that they regulate so i think we're going to see a lot happening with g.d.p. are also in the vids. will consumers have a private right of action so now you can legally of the yourself of going against those firms if in any way they violate your rights under the g.d.p.

our itself it's a fascinating fascinating regime and one thing that has interested me most part is article twenty two which says that you have a right not to be subject to basically what they call automated decision making which is a i and profiling which means that if you apply for a loan in a machine decided you're not getting the loan you have the right for that loan to be reconsider by real people and you have a right not to be profiled which means that not to have all your information aggregated in order to make a decision and i think article twenty two if you asked me what the most important provision of the g.d.p. are is it's one that we have been talking a lot about and that is article twenty two it's going to impact the way firms do business and it's also going to redefine how we view artificial intelligence how it relates to us and how it relates to our relationship with financial institutions

miles thank you so much we hope you'll come back as we move forward on this issue of attorney and global privacy expert miles that words thanks for being with us. thank you bart a south korean crypto exchange reported a cyber intrusion i.e. a hack and the price of bitcoin has once again plunged on sunday the exchange quine rail said that several other of their all coins were alternative versions a bit coin had been stolen the this prompted a ten percent drop in prices dropped below sixty one hundred sixty seven hundred dollars and has remained trading around that level as reported about sixty seven hundred fifty or sixty two midday today meanwhile agro blocked chain is the first crypto company to be listed on the london stock exchange one of the oldest stock exchanges we expect there would more to come and now art is actually banks talks about some incredible initial coin offerings that seem quite crazy to say the least buyers beware folks years actually. logline

a startup company located in the cayman islands is on track to raise four billion dollars and a year long sale of digital tokens this would be the largest fund raising of its kind some may find it baffling that a startup company could raise so much money without having a concrete plan for using it however things are changing as virtual currencies are becoming more and more popular many of the currencies like big coin experienced a rise in twenty seventeen interest from everyday investors as well as wall street however these digital tokens differ from virtual currencies as they are tied to a product or service a company plans to develop or offer in the future although the praises of bitcoin another crypto currencies crash earlier this year that didn't stop investors from investing their money and to initial point offerings according to the research firm token report and twenty seventeen i see ows raise six point six billion dollars and in twenty eight hundred so far i see ows have reception point fifteen billion

dollars this total does not include block one according to the wall street journal the largest initial court offerings are block one telegram dragon file coin and tez those some current offerings have been exposed as scams and others are from companies that may never actually develop a product or service the idea of startups like block one is to help free ship the architecture of the online world similar to google's android however the platform one of be owned by a single company experts say these platforms could improve the future of online payments through the open ledger block chain technology on the block one isn't sure how it's going to use its proceeds the company is hoping to develop a plot form we're going to host a web applications that live virgin is set to be released in june and washington nationally banks are here. like it should buyer beware. there and that's it for

this time you can catch boom bust on youtube youtube dot com slash boom bust artie we'll catch you next time. what politicians to do something to. put themselves on the line. to get accepted or rejected. so when you want to be president i'm sure. i'm somehow want to listen. to going to be pressed to see what the before three in the morning can't be good. i'm interested always in the waters about how. things should. in july twenty seventh. a freelance journalist working with. militant shelling in syria. has sacrificed. they

will recognize. the truth and through them. you can submit to your published works in a video form. i . think you are. going to shake hands in singapore it is the first ever meeting between a u.s.

president north korean leader. from around the world arrive for the fearful world cup some news outlets continue to push stereotypes about russian football to australian filmmakers came here to find. nine year old girl goes into rehab for her addiction to an online game after her parents found distressing changes in her behavior. our broadcasting live direct from our studios in moscow this is our international i'm sean thomas certainly glad to have you with us. now donald trump and kim jong

un to have just finished a one on one meeting in singapore with only their translators present an hour ago they shook hands in front of the u.s. and north korean flags and sat down for a brief press conference. we. are going to sleep. we will. all right now a quick recap of the rollercoaster lead up to this is some of the talks were announced in march but it made him voiced his anger over military drills between south korea and the united states and threatened to call off the summit nine days later trump cancel the meeting accusing him of hostility but the very next day the white house and pyongyang said the plans were back on the table and on june first washington officially said the summit would go ahead. right now this is the first

meeting between a united states president and a sitting. president now these two countries have officially technically been at war since the end of the korean war which the south koreans believe was a war of aggression by the united states. nuclear disarmament is on the table that's what the united states wants they want a pleat and full disarmament of the d.p. r. k. and what the d.p. r. k. wants while they're looking for an easing of sanctions from the united states and presumably a more open society. you can see there the two presidents shaking hands in front of a row of united states and north korean flags in singapore singapore has gone all out to make sure that this summit has gone without a hitch and really really relatively with short notice the two men they're seen walking down the court or just before going into one on one me.