one percent on the news. and president trunk continued his anti diplomatic approach to europe immediately upon arrival for a summit at nato the north atlantic treaty organization in a joint press availability with nato secretary general jens stoltenberg immediately before the summit mr trump denounced they planned pipeline for russian gas to germany so as they. say when germany makes a mess of oil and gas deal with russia where they're supposed to be going against russia germany goes out and pays billions and billions of dollars a year to russia so we're protecting germany with rejecting friends with the state of all of these crises and numerous of their cousins go out and make a pipeline deal with russia where this thing. dollars is in the coffers of russia. mr trump's words seem like a temper temper tantrum to some as he said that germany was quote totally

controlled by russia german chancellor angela merkel beg to differ as one might expect denying the accusation and said that she did not need any lessons in dealing with foreign policy from president trump and here for more on the nato summit we go to germany an artist peter oliver peter thank you so much for joining us many of us had hoped that this nato summit would be better than last year's when mr trump was on his first foreign for a and neglected to mention that article five that mutual defense component the key component of nato it doesn't seem like anything's going better this year what's your take peter. but this is being diplomatic carnage what we're hearing from the those that i know on the inside of the brussels bubble from the journalistic side and also those people that work deep within that rabbit warren that is the world that is the headquarters of the european union and nato is they're telling me that they were they were expecting this to be bad they weren't

expecting this to be this bad everybody knows the reputation of precedes president trump and his supporters would call him bombastic and on orthodox his detractors would call him rude and uncouth what the what they weren't expecting in nato under the european nations were was that it would it would be the whole u.s. delegation that would come with this similar type of attitude and it's really quite obsessed a few people whether that's been thinly veiled behind some diplomacy from the european side or whether we should expect a fair few articles to come out depicting exactly what went on we'll just have to wait and see on that one but when it comes to some of the things that have really shocked people is coming out and saying that he wanted to see four percent of nato member four percent of g.d.p. being spent by nato members on defense this is when you bear in mind that. the two percent target that was agreed way back in twenty sixteen only seven member

states are expected to hop's make it this year only five i'm making it so far so to come in and demand these type of things and then just get up and walk out yeah they say this is the image that trump gave up before he was coming he certainly lived up to it kept it going you know added on peter i'm curious with regard to nato there are various requirements i'm told with what sort of weaponry acceptor that nato members much must purchase and for example you know there are not that all that many manufacturers are weapons of manufacture is a nato nation to me there's a lot but not as many as the us i wonder if part of this might be mr trump's push on actually creating greater funding from nato members doing business with u.s. defense contractors is that sort of nutty talk or is that make some sense. i could tell you it's something that does make sense but it's also something that he's going to be getting big pushback on i can tell you very much from here in germany

and in france they want to develop the next generation of eurofighter or whatever it will be called a new fighter bomber that has no components whatsoever that have made in the united states they want to have something that self-contained and european made that's a big sign to us to those type of well if you want to say. rumors that may be pushing for that that military complex that industrial military complex of saying you must spend money you must spend money with us because in france and in germany to a certain extent there are people saying well if we are going to increase our budgets and we're certainly no intention to increase the budgets by water mr trump is putting forward we may spend that money at home instead of spending it abroad r.t. correspondent peter oliver peter thank you so much for your time today up late be at work there we sure appreciate it where.

jumping the gun there is big personnel news that over as the right hailing companies head of human resources and horns and he has quit ms hornsey arrived at over in january of two thousand and seventeen and was by job title at least responsible for addressing harassment complaints and changing the culture culture at the company after the departure of the disgraced founder travis collen in june of last year but miss harden he was reportedly accused by a whistleblower in the company of brushing off employee complaints about racial discrimination now ms hornsby told her colleagues in an e-mail announcing her exit that she quote has been thinking about this for a little while and hiring news and other hiring news over is new and first chief compliance officer is a former u.s. department of justice official scott schools mr schools was a top career official at the u.s.

department of justice then report to general counsel tony west and incidentally mr well this west is also a former justice department official who over policies and practices are currently the subject of five federal investigations and lighter news they are participating in the scooter rental company lime formerly lime bike who will participate with other companies including google's venture capital arm g.v. and a joint effort to inject three hundred thirty five million dollars of capital into lyme. and given all of the tamal just going on around the world in major markets starting to see things like trade tensions reflected in stock prices here to tell us what's our mo the c.e.o. and founder of the stock which was always a delight to have you a lot of folks may have thought that these trade were wars were sort of a passing thing maybe a little bit of a reality t.v. for mr trump's part but with two hundred million in tariffs then the chinese responding this gets to be what everett dirksen the senator used to say gets to be

real money our market participants really starting to feel this now and it's being reflected in stock prices. well i actually don't think there was any ever a time to not be concerned about terrorist because all along for the last few months the market has reacted very negatively whenever anything came out about more terrorists being put on it's this this tit for tat back and forth between china and and the u.s. and so i even though we rallied last week it was a holiday week and i really didn't expect it to continue so i wasn't surprised we were down really big last night in the post market after hours and then we got down this morning in the market and it took pretty much all day to fall but we did fall and i think tomorrow you could see more volatility i truly believe that july is going to be a very very volatile month in the market i said it for the last week we have the nato summit we have meeting with putin next week at the tower for going are the trade war i'm telling you there's just one thing after another and the market has

not been able to get out of this range it hasn't really fallen hard but it hasn't broken higher i'm talking about the dow and s. and p. i know that the nasdaq has rallied but that's really because apple and tax has led the way and and the tech stocks actually rallied today but banks were down again today and overall a lot of stocks were down today in the u.s. market and it was because of the fact that they're worried about what's going to happen going forward tariffs you know i'm going to ask you a question and it may be sort of an ill informed question so just tell me if i'm wrong that's ok i'm wrong all the time so you don't need a holiday week i always thought that there was a lot more volatility because not a lot of people are trading people are taking off and then usually like on the monday like the monday or the wednesday after the tuesday labor day and maybe the monday after a holiday like fourth of july you're in the states that maybe there is lighter trading and therefore more volatility on monday we saw these bank shares really rise and i'm wondering if that does liquidity have anything to do with it or maybe

even the financial sector the banks starting to feel some of these trade tariff turn in terms. well honestly the banks haven't looked good for a while after that all year they've been holding their up trends but all in all the banks have not been performing last earning season the banks have gapped up and sell on the earnings even though the earnings were good a lot of the reporting good but then they fell they sold off that's not what you want to see what you want to see on friday morning a lot of the banks report the big ones j.p. morgan chase wells fargo citi bank the big ones report on friday morning what you want to see is good a good report with a strong move up in the premarket and then you know you need these charts these banks to rally rally on the day but the problem is because of anything that's happening in the overall market right now we're tyrus i'm not sure if we see a negative reaction carry through from today today's wednesday to march thursday friday morning the banks report if this selloff continues from today into the end of the week i don't even know if the banks are going to do it in other words if we're going to lift the market really up and if we didn't have this type of thing going on and the banks didn't report that it might lift the overall market but to

be honest with you it's just the timing of this july i would line is not a month where i'd be wanting to have a legal long in anything necessarily even the strong stuff even even the tech stocks i wouldn't be taking new positions in anything like that right now in this month more so we showed you being with us we'll be watching the markets will be thinking about you and what you've told us most normal the c.e.o. and founder of the stock shrewish melissa thanks very much thanks good luck next. time now for a quick break but hang in here because when we return we talked kryptos with christiane from the tech trader front plus the krypto champion a research on which the c.e.o. of the new himalaya capital exchange joins us from london as we go to break here are the numbers at the closing bell point the only green arrow on the big board today will be right back.

right we're all set to start in five yes the studio has a signal. piece all right to talk about the no fly list just renewed right after the arse explores one new bit of their new. rocket. to see planet seek. out a lesser known well welcome to sophie and co i'm sophie shevardnadze and today i woke up lots to talk about in our program and our gas this. good luck that'll.

apply to many clubs over the years so i know the game inside guides. football isn't only about what happens on the pitch to the final school it's about the passion from the fans it's the age of the super money kill you narrowness and spending to get to the twenty million and one player. it's an experience like nothing else going to be true so i want to share what i think what i know about the beautiful guy a great so will transfer. the case this morning. cameron. to me once they showed some loop for the. videos to the boom comes. with the brooklyn string and. down the mall

one string i don't really done t.v. . welcome back to of japan's largest oil refining companies in debt mitsuko sun and shall i shall say a key you have finally announced that they will burj on april first of next year the consolidation of japan's second and fourth largest refiners respectively will yield the company will about thirty percent of japanese market share the deal culminates a corporate matchmaking effort by japan's ministry of economy trade and industry that was delayed for roughly two years after the family that controls internet sue book now the two companies will merge by means of she shares swapped and the family will have the parag have to nominate two of the company's eight new directors stuck in both firms rose on the news and shareholders rock the vote on the deal to be approved in december. and vodafone the u.k.

based telecommunications corporation is developing a system to detect unwanted drones near sensitive locations i don't know my house the technology would reportedly use input from closed circuit cameras as well as information from the internet of things vodafone's u.k. head of enterprise told the financial times quote drones can pose security risks in the u.k. we're developing the internet of things drone tracking and safety technology in a number of locations where we have important infrastructure but a phone hopes their system will be purchased for use in securing critical locations and infrastructure from prisons to power plants as well as large public events and on a grander scale of ambition vodafone has also. met with european flight safety regulators and hopes of being designated as a private sector partner in drone control. there's always so much going on in the exciting world of crypto currencies and block change so today we spend the rest of our programme the entire b.

block on it first we are pleased to be joined again by christy our who is the co-founder of managing partner at the tech trader fund christy thank you for being here it's always a delight to have you in studio thank you ok so let's start off with bitcoin we know it was near twenty grand last year it took a big dip but it's taken an even bigger dip in value just in the last couple of weeks what's going on so we're monitoring the price action of bitcoin very carefully right now as it has reached some very key technical levels all summer long has gone down between sixty to one hundred sixty eight hundred and that's been our level of support and resistance and so right now what we've seen as a market consolidation has a couple bottom off at the sixty two hundred dollar level and has made higher lows every single time however it's been unable to penetrate the sixty eight hundred dollar level which we see as a key market resistance despite the despite the dying selling pressure so with this we think that they continue trading within this range for the duration of the summer unless we get some additional catalyst in order to drive up interest and

additional upward momentum do you think some of this might be that. you know folks that have a lot of the folks that did i see zero six to have all this money and that they may need actual cash capital for the currency capital and so are they getting out of it and maybe gaining cash is that having some downward pressure on prices you think well i think a lot of it was actually speculation hype because if you think about it last year there were so many i.c.'s and over there were over one thousand failed i.c.'s now that producing came here they're all abandoned points and no one's trading them anymore you just have a band in the platform and that's the definition of an abandoned i.c.l. it's crazy it was a it was a is a frenzy and it turned out. and for a lot of folks it's a shame we talk a lot about china in general the tariffs and everything else but china has so many consumers and potential crypto folks what's china doing with regard to crypto currencies are they still interested it is it going to boost prices ultimately so

china has a very interesting stance on crypto currency right now we see china bankrupt a currency trading on domestic and foreign exchanges and we have also seen china banned i see us as a whole citing fraud so with that we think that china on the surface level looks very anti cryptocurrency but that's actually not true china's policy on crypto currency is very similar to its policy that it has on western social media and search engines and that with china banning google and facebook it actually gave rise to the to do and we and yoker within the local markets so we see the chinese government been very supportive of the local crypto community projects such as like the change and quantum project based on the founded in china and we see the people with bank of china actually run tests on a prototype cryptocurrency bring it one step closer to being the first major central bank to issue additional currency oh that's interesting you know i wondered that when they did a couple years ago and vladimir putin at the time said something not real positive

about that if you call that a ponzi but he said a pyramid scheme or something with grip and i wondered how much that and the chinese reaction was about the current circumstance but maybe they really did want to get into it in the future and i think what you're saying is china wants to get in they just want to be in with it they don't want they want to control it exactly so it's less so about anti being anti pepto currency it's more so about manning control over the capital and preventing the outflows of the chinese friend from leaving the country and real quick how about the e.u. in general we have a reef a-kon on later i think she's doing some work in switzerland so it's there they're very helpful with regard to cryptocurrency regs but how about other countries in the e.u. europe is very positive and supportive of the cryptic currencies the fifth anti money laundering. directive actually came out earlier this week which basically set up a new framework that allows the e.u. financial watchdogs to monitor the transactions of qatar currency to prevent money laundering and terrorist financing so what this new directive actually allows them to do is to be able to link a crypto currency wall address to the actual identity of the use it's an owner's

and this came as a response to the crypto currency exchanges asking for more fair and more suitable regulations to grant legitimacy to the industry or very interesting we've just got about thirty seconds left but i want to talk i hate talking about it but when you talk about hacks they're happening all the time and if we don't fix this if the crypto industry is a fix it investors are going to get out for good so what's happening and what are we going to do again sorry we've got limited time to go on this israeli based bank i was actually hacked for twenty three point five million dollars on monday due to a compromised wallet on their system so they said they were a decent allies to exchange when actually this wallet hack show that they were a centralized exchange because they had control of our client funds and they were able to freeze client funds so that now they're developing new technology and new tools and protocols and policies to combat this kristie i thank you so much kristie with the tech trader fund thank you for your timing.

and we now move to our friend we met in davos switzerland a crypto champion a report card or even welcome and thanks for being with us you have a new endeavor that i'm very interested in i read a lot about it himalaya capital to tell us what's going on with that. thank you so much bart for having me here in london it's been a few months since we last met via made a lot of progress on him i like apple exchange first of all it's one of the revolution of the innovations to come about in the space of smart contract and blocked and acknowledging and the interesting thing about it is it's going after one of the biggest industries that is the capital markets in the securities industry ridges eighty six trillion dollars in size and second it is aiming to take at least some of the revenues are a from the investment banking freeze. investment banks get mandates to do initial

public offerings so the process of going after is the security issue and process which is done by companies around the world every entrepreneur if he has to be successful he raises public capital or some point of the company's life and when he goes to the public markets he has demanded an investment bank and. about seven to ten percent of fees from the capital that delays us from the market so we're taking this process and we're saying now with the new tech stack re don't need investment banks to do the matching of investors and companies with issuers of securities. a lot of times of perfectly valid position to do this and we can also do value a groundswell ridges the brockton is eminently position to do so combining these two together automation of investment banking and the smart contract technology

which can seamlessly droughns for digital ral you and digital convinces between issuers and rest of us the i.p.o. process can be replicated on a smart contract run stock exchange now lo and behold you have a global and borderless stock exchange rich. does not distinguish between geographic boundaries was does not distinguish between entrepreneurs from one country and the other of course you have regulation to take it off and starting some mega starting in switzerland but the aim to go across the globe to most important security is to distinctions and we aim to democratic base the process of copper grazing for the common man so this is as mainstream as block chain can get and this will be the project that will have them we lost touch because this project aims to touch the people outside of the clip the economy the investor in

a london stock exchange for example are the street didn't rest up and the companies ridge are small to medium enterprises in remote corners of the globe and aretha so you've already already started this in short you're learned and then you're going to expand are you not yet actually doing it are you doing are you doing a raise first were you in the development of himalaya. yes preparing for an initial raise and we do it through and i see all of us selves and once the i.c.u. is done platform will be ready to launch by late this year and so they're very neat and i was next you know i'll have something to show you and. the delay is only in the matter of having the securities compliant framework because the technology side it's asked simple as any of the thousand nicias that were done last

till you just replicate that smart contract for the issuance of initial security token and companies will be able to issue security tokens pretty easily so what to spending time on is building that compliant framework where the companies can custom built the securities they're offering and they can define what securities they shrink so that has some some intense legal work behind it and one is the spectrum is ready our vision is of course might be pronged we also aim to do a decent realized exchange for pro providing liquidity of the security tokens so that the horse doesn't the bias of the security tokens can go and be able to send it to a investors just like it happens in in the traditional stock exchanges with apple shares google shares or facebook shares for example and then in the ultimate phase we also have

a market place where every plan to have investors on one side and the shores on on the other side and hopefully if it all goes well then we were able to have an i'm is are not an e bay kind of marketplace where people are transacting insecurities and it's a mighty prong marketplace where they also develop us developing apps third party apps ritual for the compound return father enrich this ecosystem and they will also be that play. additional. value provide does for example the due diligence provide for the investment banks work at entry doing the due diligence and get into the doing some advisory they'll be space for even individuals are less rank people without the reputational got into use of investment banks to also come because it's a it's a free and open marketplace and this would be ranked by the economy talking economy this would be ranked and regulated and curated by the community itself so this is

something very exciting and promising decentralized marketplace governance is something we had to see so i believe this is the next inflection point very moving from the platform economies that have revolutionized the last decade or so to market networks market networks have a lot of traditional reseize the famous silicon reeses very excited so i think we are on the cusp of this market networks impact and by the end of this decade i think the next set of us are all going to be on our stock market decline yeah only and i. guess i would have to have to cut it there but we love having you and we hope you'll come back soon we wish you the best of luck you want to keep up on himalaya that's a riff and come on the crypto champion thank you as always for your time a refund. thank you so much spot. and we love having both of

our crypto guest again bitcoin closed at sixty three forty nine but that's it for this timing catch boom bust on direct t.v. channel three twenty one dish network general two eighty or streaming twenty four seven on pluto t.v. that's the free t.v. ad channel one thirty two or as always get us up at youtube dot com slash boom bust r.t. will catch you next time. all the security back in isms and agencies in the ease saying we don't want to be part of britain anymore he got caught helping stopping out aviation companies we mentioned banks stopping out everyone wants to get out because if you don't have the supernatural institutions or cover that he is going to be part of that and you saw to be a separate go it alone island under a large rain cloud swimming in marmite worshiping some old hag of

a crown those people in france germany and italy and the rest are saying no we don't want to be a part of them. join me everything on the elec simon chill and i'll be speaking to guests of the world of politics sports business i'm show business i'll see you then. when lawmakers manufactured. public wells. when the ruling classes project themselves. in the final larry go around. the world. we can all middle of the room to. really.

sort of steer clear. the trumps to start a controversial four day visit to new created day with large protests expected in central london because of it. also seems more news programs are being followed and promoted by. facebook was a tries to battle fake news but it's also raised the question about censorship. in the world. i crocheted makes it through to the final take home from some of the fans erupted with joy when the team defeated england two one in extra time.