seven percent higher oil prices and growing trade tensions within the united states were to blame according to some analysts and europe staff also released unemployment data which shows the unemployment rate in the e.u. stood at eight point three percent in june the same level as in may that's the lowest level since december of two thousand and eight both the g.d.p. and the employment data will go into the european central bank officials consideration as they remain on course to end their bond buying program known as quantitative easing or q.e. by the end of the year. and while we talk about high oil prices all prices have dropped in recent days even though they're relatively still high higher than normal in recent months that is west texas intermediate w t i traded at the new york mercantile exchange nymex jop two percent yesterday just below sixty nine dollars per barrel and trading was even

lower today at sixty seven and a half dollars per barrel in mid day trading and light of generally higher prices airlines are looking to boost revenues from ancillary revenue streams some sources are pretty unconventional but is there a limit to what can be done here to discuss airlines and the air industry generally is gary left the c.e.o. of you from the wing dot com gary welcome back we sure appreciate you being with us hop right to it united continental holdings the number three airline in the u.s. has reported continued profits despite those five few fuel costs the airline is adding more flights and connecting more cities than i guess they have i'm in denver chicago and houston how are they doing compared with the other airlines gary. well united's been adding more capacity than the other airlines but they had also cut a lot more over the last several years as their main hubs have become relatively uncompetitive compared to the other large airlines in the country and they've been adding mostly flights to small cities cities that don't have competition from low

cost carriers so those that revenue even though it's connecting revenue that they're mostly picking up is going to be better than the nonstop revenue that they have been flying so it's generally good for them the markets haven't liked the rate at which they've grown as quickly because it means more growth in the airline industry writ large and therefore more competition and lower fares but for united that's actually been fairly good they've been reporting stronger stronger results than american airlines as and they've also been cutting back slightly on their growth projections so the market seems to like that as well it seems to me gary that a lot of these sort of smaller mid-market locations you know they get maybe a direct flight into it for you know six months or a year and then somebody else saying they could make another carrier think they can make some money then the first one maybe bails from it it seems like they're always moving around it's sort of one of the shell games isn't it sort of like that. well there's certainly a lot of experimentation there work with

a tremendous amount of data but at the same time you know when you try a new route either will or won't make sense for an airline and if it doesn't you know they'll try something else with a very expensive proposition of flying with you know with heavy capital investment in aircraft i will certainly suggest that you know overall united's been growing their small city flying but even that's in the face of higher fuel prices with higher fuel prices some of those more marginal flights or experimental flights just aren't going to work in the way that they will when costs are lower and some of those experimental flights as you're talking about you know maybe they work at certain times of the year right but maybe go into fort lauderdale in the springs a big deal but not so much in august well certainly there are routes that are introduced as seasonal or that might become seasonal because of competitive position situations where certainly passengers will want to go to were whether

destinations in the winter or you know that's mostly true of leisure destinations that tend to be more seasonal than business travel destinations so that's that's an effect that we see year in year out where capacity grows with demand because airlines are certainly able to move around aircraft pretty much at will with the only constraints being air traffic in available gates which is you know the the modern world that we live in we're early into the ones making those decisions versus a regulation where that was entirely up to the government yeah very very interesting let's switch kerry to plane manufacturers air bus just recently announced a five point five billion dollars contract for sixty of these new eight to twenty jetliners which is sort of increase the competition in that small jet market where boeing had been wanting to get in to tell us about the eight hundred twenty i don't know much about it what's the deal with it what's the deal with this contract. well

so the twenty is the new name for the bombarded a c. series joel out of canada has entered into an arrangement where airbus has taken a strong stake in their program and has taken over marketing it and is it be able to do a much more effective job but that. was it was an interesting play when there were trade disputes between the u.s. and canada over canadian subsidies over the project boeing certainly objected although the ultimate decision was that there really wasn't a competitive product that boeing was offering in that small jet space compared to what's now the a two twenty and we are seeing a significant airline uptake already when it was a bump already a product delta had been a major customer but we're seeing uptake as well even from dave neeleman new temporarily named moxie carrier that expects to take sixty of these jets as he builds up a new airline in the u.s.

very interesting and before we run out of time i want to ask you about another thing about super fast jets you know some of us remember the concorde number that horrible crash but you know concorde wasn't a money making deal to begin with sure it got you to the e.u. or or back to the states and about half the time but not a money maker is i say but now it looks like there is some companies like boeing lockheed martin and a company i've also never heard of boom technology are starting to look at demonstrations of super fast jets again what you know about that. well you know concorde was is fifty year old technology and certainly now we ought to be able to have engines in aircraft that go as fast or faster with better economics than were developed at the time what's really delayed things has been the regulation both in terms of what's possible for testing the technology and then ultimately for what kinds of flying you're able to do with it we really only got over water flying with the concorde because of these sonic booms the noise that was generated by these

engines on these aircraft so you could really serve over land destinations now the or it are still technological challenges but the regulatory environment is more open boom has raised a lot of money and made a lot of noise in this space and some of the more traditional players are you know as a result competitive pressure opening up their own programs aggressively because there is an expectation that we will see faster flight in you know the future whether it's five years ten years or fifteen years and you know better technology should yield better economics although it's not yet clear how much of a premium customers would be willing to pay to shave time off of longer journeys there is so interesting thank you very much gary left the c.e.o. of view from the wing dot com thanks again gary. thank you. and the second quarter is usually weaker a weaker earnings report for apple but the company has just reported their highest generating q two ever based upon continued i phone sales and record sales of

applications the i phone sales in particular are notable given the contract ing sales of smartphones globally sales typically slow in the early and mid part of the year based upon consumers waiting for the newer models in the third quarter of the year and last time we spoke about how samsung smartphone sales were down on an overall flat q two for the south korean company apple c.e.o. tim cook said sales of their smartphones are also geared towards emerging markets and apple shares over the past year have risen twenty eight percent and were boosted by the earnings report of three point seven percent to above one hundred ninety seven dollars per share yesterday in trading. and in other earnings news sony has reported another strong quarter of two point zero four billion dollars driven by electronic hardware and playstation four video sales about a quarter of sony profits are from video games all areas of the company were profitable except smartphone sales which we just discussed they lag particularly in

europe and in the home nation of japan and the sony movie business incidentally nintendo the other japanese game maker also reported strong profit growth yesterday based upon ramped up sales of the nintendo switch machine and british petroleum quarterly profits were up a lot about three times that of last year's q two report at two point eight billion dollars and while higher oil prices are negatively impacting the airlines and we just spoke about with gary a moment ago for b.p. profits were boosted big time by higher prices as a comparison during q two last year boyle averaged fifty dollars per barrel and this year during q two average seventy five dollars per barrel in total oil prices this year are up by about ten percent. b.p. also increased their oil production by three percent during the quarter and last week the company announced a ten billion dollar plus acquisition of high value assets that's the largest such

acquisition in company history b.p. c.e.o. bob dudley said he can't remember when things look this good for the company and of course as with everything bt b.p. its relative deepwater horizon and now we move to facial recognition where our teams actually banks looked at racial bias of some software which even includes members of the u.s. house and senate as supposing criminals i know a lot of you think they're all criminals they're not for the record for the most part here is actually. twenty eight knots the number of faces amazon space surveillance program wrongly identified as criminal what's interesting is these faces are unfamiliar these are the faces of twenty eight current members of congress the majority being minorities the a.c.l.u. conducted its own test using amazon's recognition program and found that it almost always misidentified people of color more than it did white people and in recent

years amazon employees civil rights groups and others have demanded amazon stop providing face surveillance to the government claiming this could make minorities targets of discrimination recently the congressional black caucus sent a letter to amazon c.e.o. jeff bezos about the consequences black people one documented immigrants and protesters face saying quote we are troubled by the profound negative unintended consequences this form of artificial intelligence can have. however amazon it is confident recognition will be of good use to law enforcement and won't be used as an attack against minorities that is if cops at the confidence level on the facial recognition program to ninety nine percent match it would amazon's general manager argues the members of congress were misidentified during the a.c.l.u. test because the a.c.l.u. used the setting of eighty percent confidence wood said quote we continue to

recommend that customers do not use less than ninety nine percent confidence levels for law enforcement matches this illustrates how important it is for those using the technology for public safety issues to pick appropriate confidence levels so they have a few if any false positives therefore of the setting is lower than ninety nine there's a possibility a civilian could be misidentified as a criminal or worse a terrorist many members of congress are now critical of amazon's recognition service writing a letter to bases. saying quote we're requested immediate meeting with you to discuss how to address the facts of this technology and order to prevent and accurate outcomes at this time amazon has not said which a law enforcement agencies are evaluating or using the service the feel you as demanding that amazon remove the service from the market and washington national banks arts. choice picture yourself as a criminal they want to meeting you right now it's time for

a quick break right now but and here because when we return we'll talk with the c.e.o. of vera software it's hard shipley who gives us his take on what's going on with artificial teligent who's going to help profit and how can characterise the stuff from killing the ai golden goose and finally there's something rotten about prices in competition with french supermarkets are to stroll to vince he explains from paris as we head to a short break here the closing numbers at the bell will be right there. to. see you is like the easy ten things and you can take your panics out your body and

the body continues on it's just an appendage. so this is what people don't understand is that the u.k. leaving the e.u. the e.u. continues on great but if you take the appendix out the bodies is going to wither and treble and die because it has no body to exist anymore and this is what's happening in the u.k. and it's going to be a lot of fun to watch because they spent living beyond their means for somebody years now coming to roost. some people something. to be generous people as you know we that the. people of the plant trees. mostly and so.

on of a man just. told me. tell you what. i said i will enter it in the if they will not the law and. they will shoot we. had all along a million million indeed i'm deaf and i could not deny me we didn't die you could have been killed by the illuminati i think that i think i'm teetotal i mean the economy i used. welcome back the largest overall pay increase for workers in the united states and almost a decade took place over the last twelve months according the department of labor which posted the two point eight percent increase furthermore deal wells'

employment cost index rose by three point eight percent wages and salaries comprise roughly seventy percent of cumulative employment costs and nearly a decade after the great recession unemployment stands at about four percent now compared to a rate of ten percent back then but with the tightening labor market many companies are raising pay to attract and retain workers. the increased popularity of scooters or e-books has companies like bird up in arms over the trumpet ministration. a plan to impose increased tariffs on the chinese scooter imports to the united states the companies will have all written to the u.s. trade representative in opposition to the plan saying the tariffs will negatively impact jobs and commerce were called the proposed twenty five percent tariff a quote penalty tax on u.s. companies job creation and consumers the scooters which only require an app and a credit card to use are an emerging business venture e. knight estates with over one billion dollars worth of investment during the past

year alone roughly sixteen sixteen billion dollars worth of such scooters from china were imported to the u.s. last year. it's been clear for a while now that the digital base companies are major players in the market companies like google microsoft and amazon are household names of course and where there is money to be made there's unscrupulous sorts will try to sake advantage of the circumstances hackers routinely target major companies like well target or equifax yahoo in over however trying to keep ahead of the game and companies like palo alto are companies like palo alto networks silence and crowd strike who are looking to take ai artificial intelligence and make it to the next big defense against cyber threats joining us now to discuss from the biggest little city in the world reno nevada cyber security expert the c.e.o.

of various software todd shipley hey titusville good to have you back on the show let's hit it hard in the time we have ai is becoming really a topic related to advancements in cybersecurity and we know about ai in all sorts of venues but in cyber security we haven't looked at it so much we haven't you have i'm sure the companies like tenable or even going public on nasdaq and as someone who works in cybersecurity and think it's just more hype right now or is there really something to all this ai cybersecurity talk. well i think there is something to it it's in its infancy though and what it's actually going to be able to do for the average citizen i mean we still have to look at what ai is currently it's not the panacea it's not the version of you know artificial intelligence where it's thinking for itself it's just machine learning where it's a set of. information that the computer goes through in solves problems and decides whether there's a problem or not based on the information and as so it's going to be something

that's going to be good eventually but it's certainly not the panacea like you said that everybody thinks it is at this moment but we're going to see a lot more of it in the future because there's a lot of money being put into this space and we're going to see a lot more companies finding ways to solve problems through artificial intelligence i mean for most of us todd you know when we hear about a hack i mean we that that's all we know about it we don't know how it occurs we don't know what took place we you know get bummed out and upset if it's if it's our stuff but is there are there certain areas of hacking we've talked many times on the program before thank you about ransomware for example are there particular areas of fiber threats that ai might be of assistance with. well you know course and a lot of it has to do with understanding where the attacks are coming from the advantage of artificial intelligence in its current form is that it can identify things that we don't always recognize and that's where they really want to be able to go with that is have something that is coming into our system and being recognised as

something necessarily bad or not and let it pass through or not and so artificial intelligence is really stretching the boundaries of that humans ability to understand when problems occur and being able to recognize things as a problem so that is changing how we look at things very rapidly so if we're talking we talk about ai i guess we're talking about predictive thinking right and when you're to think about predictive cooking and you talk about all our technologies we did a piece the other day on smart t.v.'s are they watching you with you know their cameras and you make hand gestures do we do you see a i being something that gets put onto our smart devices our cell phones t.v.'s etc. well sure eventually it's going to because everything is so driven by our phones now i mean it's so ubiquitous the fact that everybody has a phone everybody works on their phone and we're seeing far less usage of desktops

and laptops because everybody has their phone and does so much work on their phone so we're going to see that being driven down there we're going to also see it behind the scenes in the companies that drive the data to where phones are going to try and intercept the bad content before it ever gets to the phone and that's where a lot of the ai work is going to be done is before it actually gets to our phone but we're going to eventually see it as the phones get larger and the memory space gets larger on the phones it'll be driven down there eventually so so when you look out into the future what sort of companies are out there right now that you think are sort of on the cutting edge that may be i know you say i is a ways away on cyber security but which companies are out there right now that we should be looking at as time goes forward. well i think we have to look at what's occurring and i say it from a sense and point of view the way we look at it from sight by it's not here it's here in so many fashions tenable google's using it in so many ways as well as

microsoft they're looking at how the artificial intelligence programs can be implemented to make the presentation of the data to us in a better fashion and less likely for the hackers to get to us so a lot of companies are out there using this in a great fashion and we're going to see more and more of it the problem is i don't think we're going to see it in the fashion that people assume it is yet because the computing power is not there if we look at what google's doing and we see where the quantum computing is going in the near future because google's just announced that they think it's five years out i think we're going to see huge change in what artificial intelligence does when it makes that leap into a much faster processor the way google and some of the companies are looking at hey todd i know i wonder we didn't don't have time for now but is a krypto as we hope you'll come back to talk about sort of the threats to crypto zen and what's different about that and other hacks a tight ship way the c.e.o. of various software thanks as always for being with us todd. thanks for having me.

and now we move to paris where our two charlotte dubinsky looks at prices and competition as companies seek to gain market share some say there's something really rotten here charlotte. as competition intensifies in the supermarket sector new alliances are emerging on the one so right here in france retailers like c.e.o. . have teamed up with germany's metric forming a new purchasing alliance called horizon on the other one of the biggest names in the supermarket sector here more has decided to collaborate with system you but it hasn't stopped the calf or is even eyeing a bigger prize and has announced a partnership with a new case tesco why one of the big threat in europe is amazon entering the grocery market as the online retailer marches towards becoming a trillion dollar company it's jumped into the supermarket sector with its

acquisition of whole foods it's also struck a deal with french company casino putting it directly with fall so as the marketplace gets a little less diverse what if any of the benefits to consumers are one sure it's a race to put on price so this is going to be great for consumers i mean this is going to combine in western europe eight percent of the market. so i think there are three main points it's to contain discounters the fan margene and to counter any future move by amazon but not everyone is rejoicing at these potential price cuts france's antitrust authority has launched a probe into these alliances it's concerned that they threaten competition rules and that they have bulk purchasing power could impact supply as squeezing their margins that fear is echoed by a body representing suppliers in europe. small retailers

a worry too about their livelihoods for. car for and casino have access to their own and multiple suppliers because of this they can buy cheaper and sell cheaper because of keeping their margin else we the small shop owners have only one supplier and they are already selling out their products even before taxes and higher prices in the big supermarkets at this point we lose everything and find ourselves on the street without any business the private price front says competition regulator is expected to last some months and could result in the supermarkets being asked to change the terms of that agreement but it's unlikely to put a stop to them in europe the battle lines have been clearly drawn up by companies in a bid to retain and possibly even gain more market share. because

seeing charlotte depends he reporting from paris they're just makes me want to go have a cafe and chill and maybe i have time to do that in my mind because that's it for this time you can catch will bust on direct t.v. channel three twenty one dish network channel two a day or streaming twenty four seven on pluto t.v. the free t.v. at channel one thirty two or as always get the program at youtube dot com slash boom bust r.t. so long for now. russia is one of the countries that most buy capacity and although very high population does that mean russia does need to be concerned about sustainability i would say yes absolutely you are no lucky situation where you have

a lot of farm per person so to say you know you have a lot of wealth ecological wealth and but the word is very scarce so that's a huge economic advantage as well and say wow this is an amazing farm let's look after it well because that's said that may be lost to live well the long run. kind of financial survival today without money laundering first to visit this industry different. this is a good start well we have our three banks all set up here maybe something in your something in america something overseas in the cayman islands it will pull these banks are complicit in the tough talk or say we just have to give much bonus to him to do some serious money laundering ok let's see how we did well we've got a nice luxury watch for max and for stacy oh beautiful jewelry house. bill for max you know what money laundering is highly illegal don't be so much as

a record. the philippine city of angeles when the u.s. military moved out the six tourists moved in. and now a whole generation of fatherless children is growing up. my dad and within one month a couple simple than an eagle. i bake day is a gem like i pass and i'm the only. son. here. sorry it isn't the first time the t.v. crew fuse you ordered and takes you were no don't answer is a little bit no one that it's true or. that's it but i do what my god found it.

a victory you can take the guilt of above it you can't take the burden of guilt. you know woman you know. oh i love you like i did it you did it if it. came. let move on don't let them learn afraid to live with you own any. player. and i want to know.

that. means take center stage in the information war as the u.s. senate intelligence committee looks for ways to counter foreign misinformation campaigns we've got reaction from russia's foreign ministry a lot of pride pride related content less news more memes. we're full smoosh look it's just solaris when i hear that on the pictures come to mind american democracy. plus nato develops a game to teach players how to spot fake news but critics say it's simply a propaganda tool. the biometric data of millions of refugees in jordan is being used as a way to unlock food and aid and journalists from the redfish group investigates the ethical concerns around the practice of fundamental principle both the legal ball is in full legal.