for you and colin and all that but how weird is it that you get these things out there going on in the news somehow may impact the president the united states at the same time you have the markets like this i mean it's got to be sort of a you know a put people in a quandary as to the mix of what's going on right i mean that's not certainty no no it isn't and i think that's actually one of the things is if you had to say to me what will happen in the future nobody knows if anybody knew that they'd be there they'd be a multi multi multi billionaire but i think one thing that will happen is if there is any degree of i mean there's not going to be an impeachment but if there is any degree of shaking of trump's agenda that would reverberate in terms of a stock slowdown the market likes trump the den and why not the business community down there and that surely as you say the tax cuts that was the big ones got the other things the regulatory actions and also as a certainty i guess sunday and also don't forget the repatriation that's one thing people aren't talking about as much anymore the repatriation of millions and

millions of dollars from these global corporations that have taken their farms off seas and are now reinvest in them back in the u.s. it's not just the money it's the jobs it's the ripple effect and how that will go throughout the economy remember the sectors of the booming one of the sectors that's booming is the real estate sector and you think about seven of ten of the fastest growing industries are related to construction that's not just home construction that's business construction that's finishing that's everything end to end in the real estate industry why because of the confidence because of the underpinnings and everything we just talked about and when you talk about sectors other than real estate pretty much stocks and most of the sectors doing ok any better technology than others yes actually mining everything really actually ironically everything related to mining services up by forty four percent as sage works essays work for the financial reporting company up by forty four percent what is that that's everything related to the whole mining industry in terms of oil and gas unbelievable well it's a stork we're really pleased you're able to help put it in some perspective for us

still we forward c.e.o. mark thanks very. there is trade news on at least two fronts this week as chinese official visit washington and the president elect of mexico takes out a position on the renegotiation of nafta the north american free trade agreement president elect andress manwell lopez obrador or on low as both fans and critics have tagged him is reportedly opposing the inclusion of a chapter of energy in the rewritten nafta mr lopez obrador is concerned that an energy chapter in the new nafta would effectively lock in a set of twenty thirteen oil sector changes that he opposed during his recent presidential campaign meanwhile the economy minister for the outgoing mexican president said earlier today that he expects to announce a bilateral nafta rewrite get this in the next couple of hours and keep an eye out for any breaking news on that front and also on trade chinese delegation led by

a commerce minister is expected to meet with their u.s. counterparts here in washington still this week to talk tariffs just as both sides trade tariffs go into effect hope for a breakthrough remain low but we'll keep our fingers crossed. and now we shift to crypto currency markets continue as they continue develop including crypto link derivatives and futures markets and one trading platform seems to be getting a big head start on those potentially lucrative secondary markets the chicago mercantile exchange group or c.m.e. group uses bitcoin futures they are the activity at c.m.a. group platforms doubled in july it is kept up that pace in august flying high even as the price of bitcoin has stumbled seemed greed group is by far outpacing competitors at the chicago board options exchange or siebel and the online exchange quine base the folks there at the group led by chairman and c.e.o. terry duffy if they know what they're doing c m a group it coined futures are now trading at

a monthly rate of thirty thousand bitcoin equivalents with coinbase and siebel way behind eleventh i. and five thousand respectively and a third aspiring player in crypto currency is the intercontinental exchange owner of the new york stock exchange and ice futures u.s. that ice future europe is making some expected moves they will find themselves in the cryptocurrency related products market here soon here discuss kryptos of more as christiane of counterparty act krypto there has been this thank you for being here thank you so we know there's been this great competition between cboe and c m e but give us a little bit history of how are they both doing now we reported those volume numbers but what are they doing to try to get ahead of each others yes so c.b.o.t. and c.m.e. group both launch their big point futures derivatives markets last year in december at approximately the same time so their values have been quite some march and april this year when see any group started to pull ahead of the market so because of that both of these exchanges right now are under tremendous pressure to gain traction

because it is very rare for the sip for very similar futures products to thrive in more than one venue at a time and so this is expression is crucial because as you mentioned ice will be launching their futures product in the near future as well in november they're in november this year so their product is slightly different this is going to be physically subtle versus c.m.e. and c.b.l. which is more cash settled so there are some key differences between the contracts and things to visit at least some of the shells that i know this work from my time the regulator if you're physically settling or oil you better watch out because you might get barrels of fifty thousand barrel ten thousand barrels of oil so would it actually the coins actually be if it's physically settled that means you actually get bitcoins at the end if you took delivery yes so there is a big difference huge difference so you actually get the bitcoin so you future price appreciation of that big point that you receive at the end of the contract versus c.m.e. and c.b.o.t. where you don't get around that actually investors might like exactly and that's

going to be a key component future as well. it seems to me you know when you talk about c. bo and c m e there are one category but then the other category is coin base and there's others begin to talk about point there that. light touch regulation. but who are some of these other players or what types of exchanges online exchanges are there are there are there it is their problem primarily as we've been discussing liquidity liquidity is a huge problem because low liquidity results and market volatility especially when there are large orders on the market so until this problem is solved that's actually going to prevent institutional from coming into the market because a large player like a j.p. morgan are blackrock or even like a small hedge fund if they come into mark and they want to keep even a one percent position of their portfolio into cryptocurrency as they will be shifting the entire market so it's very difficult for these funds to buy from an open exchange right now even some of the large exchanges based out of china like

bias they don't have the volumes or liquidity to for these traders because traders they need liquidity because they want to know how long it takes to get into position and how much it costs to get in and out of the position so right now the only alternative venue is the o.t.c. market right now so. over the counter correct so like for us we recently had a client who wanted to put ten million dollars into into work in the quarter currency market so we took ten million dollars but it's like how do we put ten million into kryptos without drastically shifting the market and having to buy at higher lows with each buy so that's not going to be a tremendous difficulty and the only way to do this is over the counter by calling individual progress so right now there's a huge network of o.t.c. brokers behind the exchanges right now working to negotiate individual settlements between large buyers and large sellers the problem with this and the reason why it doesn't work in the long term is because it's not transparent no one knows the amount of volume and no one knows the discounts or the premiums that they're quoted and you have to go call five or ten different brokers in order to get like

a quote or a picture of the market to know like if whether or not you're getting a good deal how much of the. how much of a discount so it makes the entire o.t.c. market very opaque and that's why traders would prefer to buy on an open exchange of possible well that's a problem with o.t.c. markets as we learned from the credit default swaps that were traded o.t.c. based on housing mortgages and bundles of those were a problem back in two thousand and eight but yeah but it's a quandary how do you how do you like you say ten million bucks in bitcoin or digitals you have to infuse that carefully into a market otherwise you are well the markets before we go i want to ask you about your former employer j.p. morgan big story i've forget if it's in the financial times or the journal today but i think front page of the the business section and it talks about how they are going to be competing with america traded charles schwab a lot of us have seen those commercials on t.v. about the low cost of trades and they don't offer free trades j.p. morgan chase who would have thought about it what do you make of this and many

other big global banks get into the act one hundred free transfer new customers so are they going to only one hundred exactly exactly so they're going to use a lot that's a lot so they're offering this as an incentive to attract new customers so they can attract new customers to like start investing and putting their money into part followers and attracting new clients so they have a lot of competitors especially from new players into the market which are using technology players such as well bill advisors who actually don't really charge fees or say like robin hood free trade one hundred percent free trade commission free so they're they're competing with a lot of these like newer silicon valley. finance then tech place where actually life super low cost trading and that's especially going to come head to head with the crypto currency market where trading fees are essentially almost nonexistent unbelievable you're always so interesting it's great to have you here thank you kristie i have counterpart it and time now for a quick break but stay there because when we return we'll have the latest in cyber security with todd shipley the c.e.o. of vera software who's here in d.c.

with global cyber experts plus. trinity charges joins us from new york. a look at the business of flying cars as we go to break here on the digital set the closing bell be right back. you know world of big partisan movies a lot and conspiracy it's time to wake up to dig deeper to hit the stories that mainstream media refuses to tell more than ever we need to be smarter we need to

stop slamming the door on the us and shouting past each other it's time for critical thinking it's time to fight for the middle for the truth the time is now for watching closely watching the hawks. six guys or financial survival guide. when customers go by to reduce the price. in elf well reducing our. bets undercutting that what's good for market is not good for the global economy. when a loved one is murdered it's natural to seek the death penalty for the murder i would prefer and it means to him a death penalty just because i think that's the fair thing the right thing research shows that for every nine executions one convict is found innocent the idea that we were executing innocent people is terrifying there's just no really the

present and that we're even many of victims families want the death penalty to be abolished the reason we have to keep the death penalty here is because that's what murder victims' families what that's going to give them peace it's going to give them justice and we come in saying. not quite enough we've been through this this isn't the way. when the whole make this manufacture consent instant of public wealth. when the ruling classes protect themselves. primary go live to be the one person. who ignore middle of the room signal. to relieve.

the a. child's seemed wrong wrong but all we all just don't know all. the world is yet to shape out these days to come out to it and engagement equals betrayal. when so many find themselves worlds apart we choose to look for common ground the. welcome back updating an indian story we covered many times fugitive celebrity jeweler modi and his alleged role in the spectacular collapse of the p. and b. the national bank has now surfaced in the united kingdom mr modi as members of his

family have also been charged by indian authorities with engineering a fraud scheme that and the including bogus loans to foreign companies leading to p. and b.'s collapse mr modi india in february and charges against the modi as were officially announced in may by the indian central bureau of investigation or c.b.i. after rumored sightings in a number of countries c.b.i. says mr modi's presence in the u.k. has been confirmed by sources that interpol and an official extradition request from c.b.i. is pending and more flush times mr modi was a regular on the list of the wealthiest indians and was known for decked for decorating and socializing with celebrity clients. and of to get to another story from india we know the horrendous flooding in the state of kerala which has taken the lives of more than four hundred people and displaced more than a million since august eighth we send our condolences and hope for the best in the search for survivors and the missing and their efforts to rebuild even as india

attempts to rebuild however commerce goes on leading indian online shopping site flipkart has made an interesting and perhaps unexpected acquisition buying live in a i at the limit which is a start up in bangalore that develops speech recognition and speech to text technology effective forms of such technology would be especially helpful for retailers in india which is home to nearly two dozen major languages and many more according to the financial times that technology can process at least ten of those twelve languages flipkart plan. form is currently only in english suggesting that their rumored forty million dollar purchase flipkart may be able to crack as much larger share of the indian market. and turning back to the u.s. there is a nationwide strike going on this week of which you may not have heard us prisoners prisoners folks in jails have launched a strike over issues including labor practices that they compared to modern day

slavery working through groups including jailhouse lawyers speak and the incarcerated workers organizing committee the incarcerated activists incarcerated activists that is have issued a list of ten demands they don't have any hostages but their list attendant men that include being paid prevailing wages in the state where they work though few people are aware well known corporations including mcdonald's whole foods and victoria's secret have profited from the labor of some of the two point three million people incarcerated in the united states a prison policy initiative survey shows that in a number of states mostly in the southern u.s. where nations racial injustices are more prominent imprison people work for zero zero pay in the state of california they recently deployed and imprisoned workers to fight fire fighters for one dollar an hour on release the women who fight the fires are eligible to work as firefighters due to their training and we'll have

more on these companies that are using prisoners the boost their bottom lines in the coming days. and cyber security comes up a lot these days we speak about it all the time it's important for companies that's important for countries that are facing a seemingly endless onslaught of cyber criminals looking to kill for everything from credit card numbers to state secrets here in d.c. the high tech crime investigation association holding a conference where people in the cyber security industry came to meet and hear speakers discuss various topics and with us and speaking with us now is one of those. is that our friend of the show todd shipley with the of various software todd thank you so much for being here it's great to have you in studio it's great to be here so tell us all the new and exciting news that coming out of there i mean are are we finally getting a handle on what's happening and what's what are the latest things people are talking about sure i mean getting a handle that's maybe there's so much going on and that's what this conference was

all about there are so many things in this field that you have to understand there's no one thing that somebody has to know anymore there's so much happening from the io t. stuff the internet of things we've talked about on multiple occasions to drones and where they're falling in the spectrum of cyber attacks or attacks at all and so there's a lot of stuff happening even just basic wife i investigation traditional stuff was talked about so a lot of things including nation state attacks and how those are occurring and what nations are doing those and how we're supposed to defend ourselves against those so the wide spectrum of things being discussed because there's so much to understand and try to deal with in this space now you spoke to on a panel would you give a speech would you to i another friend and i were talking about some basic investigative techniques for officers and how to go out and do some of the crime investigation ok and that was it was pretty rare received a medal of course of course it always is the law enforcement is always got this problem they rotate people through so there's always a need for new investigators to understand what's going on so at these conferences we have some very detailed very. cutting edge technology that we talk about but we

still have to do basic stuff to bring the newer people in to understand where they need to be and how to investigate these crimes it seems to me todd this is such a rapidly moving space i mean you know just like in the dramas based upon this in movies you know you see something happen and then all the i.t. folks are trying to you know get a patch to fix it how in the world i may know you've got a law enforcement technology background but how in the world do you keep up with all these things well for me. it's a little bit easier because it's what i do every day but for the law enforcement investigators it's a very hard prospect staying on top of this stuff that's why we have to have these kinds of conferences where we can provide the information to them up to date information so that they can go out there and fight these battles because it's hard and i do it every day and i still have trouble keeping up with what's going on the changes that are out there and that probably goes to your little bit of hesitation

on my first question about are we getting ahead of it i mean are we able to confront and confound the cyber credible criminals and i guess your answer might be produce the best we can what we are but i think things are changing i think what we're seeing in this space right now is some huge changes that we're actually at this point in law enforcement where we can stop the in reactive and start moving into more proactive actions against where the criminals are doing things on the darkness you know how they're doing the attack stopping those things figuring out what's going on instead of just reacting to a crime we're starting to see this starting to change it's happening to businesses it's happening to government levels and i think this state and local officers are starting to learn that same kind of thing that they're able to actually do some things if they understand the technology better speaking a business as we do all the time every day booz allen hamilton was worded a billion bucks to do this. project with the department of homeland security and what's this project it is a billion dollars i can't believe i'm saying this is

a billion dollars enough i don't want to say that either but i don't think so this has been an ongoing project that booz allen has had with the united states government for deaf couple of different agencies that they've been working with it's this is like the fourth iteration of the funding for them so this has been ongoing for some time where they've been helping these agencies start to deal with the problems filling the gaps filling the holes that they've got in their defenses and now this money is supposed to go out and help them build a more robust defense to not only the agencies or they've been working with but some more agencies they're bringing on to make it better for them to understand how the tech. ologies working to defend the technology of god is a conference mission over there anymore it's over actually as we're speaking right now and you leave it tonight you're leaving tomorrow and tomorrow we thank you so much for spending the time being with us here todd jemele the c.e.o. of various opportunities you have lived here.

and now we've moved to flying cars a love saying that flying cars that are joined from our new york studio by our t. correspondent trinity charges a trinity thank you for doing this i know you could dig it in this topic for a few days here and what really is the future of transportation and it's it's lack for much better of a word a cool issue but how much money is being invested by businesses in this space trinity. heywire now it's not much of a business just yet but many industry experts believe that it does have the potential to become a billion dollar industry we're seeing things moving forward from concept designed to actually prototypes being made so huge investments are pouring in from major established companies to tech players and even some entrepreneurs who really believe that this is the future of transportation in november but we acquired a roar of flight sciences a company who specializes in flight systems for autonomy aircraft for an

undisclosed amount to and blade helicopter company also announced that it had raised thirty eight million dollars in funding earlier this year from backers that included airbus and real estate company colony north star and joe b. aviation a startup in california also building its own taxi error aircraft announced earlier this year that it had raised one hundred million dollars in venture funding from several businesses including intel toyota and jet blue airways so this industry is really picking up traction here some of the companies who are trying to get their prototypes off the ground. we started developing the first principle of particle board and what sort of vehicle it would take to counter this mission autonomy as technology is moving us closer and closer to a flying future a future that want to have been possible a decade ago simply because the tech back then was just too weak to support the complexity of functions required to safely keep

a network of vertical takeoff and landing vehicles in the air but that's all changing and now a growing list of companies are planning to take flight. one major heavy hitters after announcing its partnership with nasa in two thousand and seventeen to explore the experimentation of flying taxis the company recently unveiled its latest flying car prototype at its elevate summit the company says you'll be able to order flights from the drone like aircraft on it's over up and then you would just be picked up at a sky port and they hope to begin flying demonstrations of starting in two thousand and twenty of course all of this would just happen overnight but in trooper fashion we're pushing forward as quickly as possible. but it isn't the only company trying to get flying cars off the ground backed by google's co-founder larry page kitty hawk flying car company reached the final stage of completion of its kitty hawk flyer back in june the company already started taking preorders for the newest model and will be offering test flights for potential buyers yourself like.

this. design for recreational use the vehicle can fly up to twenty mph at ten feet in the air for around twenty minutes if it's fully charged and does not require a pilot's license there's also cora cora is one hundred percent electric and therefore emissions free a two seated model designed for intercity travels and taxi like services which has been cleared for takeoff in new zealand it's one thing to design and rigorously tested an aircraft but it's another thing to make it useful to society meanwhile aero mobile is the. bucky and company has been developing a flying car that looks like a plane another jet engine company rolls royce announced in july its newest innovation the electronic vertical takeoff and landing aircraft also known as after . british luxury sports car maker aston martin also announced its plans to develop its version of the luxury of flying car the hybrid electric vehicle will be

designed for urban and inner city travel with vertical takeoff and landing capabilities according to reuters the model will be capping speeds at about two hundred miles per hour. and while some flying cars are estimated to start at around two hundred fifty dollars aero mobile as to me it's flying car will cost over a million and a half with delivery starting in the twenty twentieth's part are to try to charge us thank you so much really appreciate your help and work on this fire got it reminds me of thinking about you know why i studied for my driver's license it sure took me more than an hour to learn how to drive and to not even have a pilot's license required for these things that sounds dangerous as we say it's pretty cool and that's it for this time thanks for being with us you can get boom bust on directv channel three twenty one dish network channel two eighty or streaming twenty four seven on pluto t.v. the free t.v. channel one thirty two or as always hit us up at youtube dot com slash boom bust

r.t. will see you next time. and the final bill and also the dickens out of life now how does it live on taliban keep the front. line and if he would be would it be that easy to find ten that out in me. plus is that going to get the muscles to people whom. i thought it might upon my little bit too much of one of our little bit that we are shut out of money going to go back much of the way for the mob not to go to jail but it. does this one does apply these rules. some boards of this.

to see. if anybody will probably. be different if somebody said to you look up monopoly basically. in the. us we will never be useful so we're talking to this. time. i think i'll get it go out on the list for me to give you a little. of that a lot of what i think about comedy is good but i'm going to look at him as art but i was up to the money into the magazine going to. tell you i'm alone i left

my money on. the stage so it will be. there all right so the. bottom of the. wall that forms of you mate. other people. feel.

in the headlines this morning facebook hundreds of pages groups. and russia for alleged political meddling. from. the suspect allegedly involved in planning. because of a. video of a british policeman. but what constitutes reasonable force. to. find a way of. relations between you and the u.s. .