form of berkshire hathaway now joins big names including ali baba and softbank as investors in paid parent many market watchers quoted in the reports of caution that while this is a first for berkshire mr buffett is not personally involved in the deal and may not this may not set a new precedent or policy for mr buffett with regard to technology. there are some mega moves in the right hailing space as d.d. the chinese company has suspended its so-called it should be carpooling service that after a brutal assault number of a female passenger this follows another murder of a writer in may the company restates released a statement which read quote as a platform d.d. failed to live up to trust and by the public and has inherent responsibility and hoover is taking the long way home to profits have it focuses not on cars or rescue

vs but makes moves toward more urban friendly transport lots to get up to speed to on the right hailing space let's get with alex my hyla but she's always savvy and sophisticated on these things alex that this is spencer of the car pooling service the hitch is a big blow to d.d. isn't it. well of course look at do you know many of us haven't even heard of d.d. out there i'm sure a d.d. is the world's largest car company when it comes to car hailing i should say are right hailing company out there both by valuation and the number of riders that use this so when news like this gets out of this level of negativity it's a horrible thing for the company so they have to take a major step back and take a good look in the mirror at what they're doing and how they're going to move forward now after this latest a sultana let's let's be frank it was a rape in a murder and this this is what happened to our driver there was actually a complaint about this driver the day before that came in to d.d.

and the person at the customer service person did not react accordingly to d.d.'s methods of reacting to something like that within two hours so there d.d. basically took the hit here and this is something that people have been talking about online as well as the fact that they've been talking about it. from the chinese government we've heard many complaints as well so any way that you turn this not a good thing for d.d. now look they've been taking this very seriously here's a statement from them this is from the the founder and the president herself two different peoples i should say we thought we were using technology to build a better world of mobility six years ago when we started this business the tragedy reminded us we have walked this path without enough respect nor humility now t.v. has changed its methods saying that you know it's not about growth anymore it's about safety and about protecting customers that's going to be their number one priority. alex it seems to me that lube are is making

a pretty big shift there they're moving away from the ride hailing in urban areas they're moving to scooters and bicycles and i think what they've told investors is that. they may be not profitable in the near term alex because they're moving to these bicycles and scooters as opposed to having several tons of metal rolling around in traffic jams so why do you think well it's interesting it's one of those like several long term plans according to the c.e.o. that they know they've got me they took a four point five billion hit last year and something like this is going to give them a hit as well but it's the long term plan i mean they have been investing in this type of thing are ready in april they purchased jump and they also they have the investment in the scooter sharing company line so this is not something that's brand new to them but it's it's an interesting idea of how to move forward knowing that it's going to be kicking a loss but they're saying you know what's important here is the way that we're building cities and we don't want to contribute to more traffic with these massive

vehicles also this is great for short hauls for commuters so they don't have to get into a car and you know pay more will be paying less and it's actually a good thing they're saying for drivers because from now on into the more bikes and these electric scooters that you have on the road the more long haul drives that they have so they'll be profiting more in the end so it's a win win for everybody according to her and i also note that toyotas given five hundred million to over to develop their self driving cars will talk about that again r t correspondent alex behind all of that thanks alex. thank you. and time now for a quick break but hang here because when we return u.s. financial regulators are going after bad actors in the cryptocurrency space in a big way gary de wall special counsel at chattanooga and rosamond join us for the latest plus our chief correspondent sports correspondent christy for stock o's reports on how sports betting business is flourishing and how one gaming company is

making it easier for folks to place their bets as we head to break here the numbers at the closing bell will be right back. one else seems wrong. but old rules just don't call. me old but he's yet to shape our disdain comes to attitude and in detroit because the trail. when so many find themselves worlds apart we choose to look for common ground.

there are one other contact on other. items that go to the cut out of the money out of the money that they eliminated that actually. this was a good time to. try to move there i've. done that a lot of that is not why not. why expending in the old people we believe is the job it is. not about my kids i don't want them up with johnny who they are the moment i tell them what i have a lot of kids there's a lot of them on the way to not be old enough to go out to the people i don't want to put out a other party when i don't know them other brother. forman

are sitting in a car when the fifth gets shot in the head. for a different version of what. one of them is on the death row there's no way he could have done it there's no possible way because the list did not shoot around a corner. welcome back brazil has faced turmoil in the transportation sector this year with truckers strikes rowlett roiling delivery in inventory operations nationwide now the trucking slowdowns are having consequences in another vital transportation

sector shipping global shipping joining it worse. has raised the alarm saying ports are overbooked for outgoing cargo with some export reserving exporters reserving more space than they need exporting firms started scrambling for space when the trucking strikes began and buying up space as a hedge against the crunch when the strike finished those exceedingly large bookings in turn exacerbated the overbooking and space problems the friction is getting exports out the door so to speak comes at an inconvenient time for brazil and the world while u.s. acrimony with china over trade issues is reducing chinese purchases of u.s. soybeans brazil now the world's largest oil producer has been expected to fill that gap but now some question if brazil be able to do so given the large logistical shipping complications. and we are now delighted be joined once again by our friend gary doing wall who is special counsel at a law firm roseman gary welcome back i have a couple of commodity questions for you at first so we saw a market set

a little fuel injection based upon the potential for a u.s. mexico trade deal do you think in commodity markets that news was met with really just a sigh of relief. no doubt it was met with a sigh of relief although it's probably a little bit even supply. side mexico was a big importer of hogs and cheese so you saw the big bump there. it helped everything but clearly we need some relief in china china was responsible for fourteen billion soybeans imports the terrace there have caused about a two dollars per bushel hit to the market price the tires are really hurting and we're not going to get good changes until we see some tariff relief in china. i totally agree with you let me ask you about the the news i was reporting there just a moment ago about brazil and you know i'm not sure that's going to happen but what's your thought about whether or not this transportation logistical problem

with shipping could really put a damper on the brazilian exports of beans to china. you know it's interesting the export of beans is actually cyclical from march to september most of the purchases are from brazil for the rest of the year most of the produce purchases in china are from the united states will be interesting to see how everything plays out one thing interesting bart that's to keep in mind is is that despite the trucking problems which really began in june at the end of june the beans on the ports in china were at about a three point five week supply and that actually is greater than the equivalent week supply of three point two in two thousand and sixteen and twenty seventeen zero very interesting oh data details so they put ahead yeah absolutely head where they were they were every supposed to do in these markets right exactly ok let's go go to crypto real quick you know the c f.t.c. your old agency my old agency they had a permanent injunction

a ban against an operator for a new york based company called cabbage tec corp in the c f t c they boldly and viciously defrauded investors in what does this say about how serious financial regulators are about going after bad actors in the crypto space scary sure i think both the f.c.c. and their old agency the see if the sea have been very very active in this space previously bart and i think you and i have talked about it and other editions of your show i have commented that before it was just regulators talking about it and getting settlements now the court decisions are coming down and that's the significance of this case against cabbage stack and patrick mcdonnell it was an actual court saying that crypto currencies are a commodity and that the f.c.c. that they see if d.c. has the authority to bring these kind of anti-fraud actions against such allegedly bad actors and you know better than i as as as an attorney i mean once you set this case law that actually gives the regulators some more comfort in what they do and i

think right now they're probably a little skittish and in that regard gary you know the conflicts but. in the sea if the sea and the s.e.c. the trees commission are sort of known for those of us who worked at one of these places but how are they getting along in the crypto area i think there's a lot i mean at least from what i can read in the newspapers and my colleagues at both agencies tell me there's a lot of cooperation that being said i think there was a little surprise in many corners last week when the securities exchange commission declined to approve two exchanges exchange traded products of eight nine exchange data products based on futures and if you read the disallowance orders there seems to not have been a recognition of the stand there is that exchanges must certify in the future space regarding anti manipulation and surveillance that seems not to been given a lot of comment to you or a lot of respect by the f.c.c. and their disallowance and i wonder what will happen that was actually done by staff at the f.c.c. and now the full i.c.c.

will will be reviewing this matter coming out with their own opinion and i'll be curious to see how the f.c.c. deals with the see if these processes for exchange contract approvals well i remember the self certification in our old world in the commodities world gary was the exchanges could self certify and i believe we had like ten days to reject it if we wanted so looking at these e.t.s. i mean i'm i'm supportive of big corner crypto e.t.f. but they certainly need to be cool with all the rules and regulations and you and i both know all that it's always intriguing interesting and of course enjoyable to me personally gary to have you on the program gary do all of the law from cat mutual roseman thanks gary good to see you again bart. and politicians and investors around the world are eager to see some movement in the bracks process and anxious to see a minimally disrupted resolution of the debacle now at least one prominent japanese executive is warning that his compatriots are quote seriously concerned at the lack

of direction in the negotiations kerry oakland. he she chairman of both ichi corporation and has served since twenty fourteen as chairman of the jap and business better ration mr neck and meant to the environment of uncertainty around telling the financial times various scenarios get discussed no bracts it plunging ahead without any deal at all we net we are now in the situation where we have to consider what to do with all of them mr knock an issue pleaded for clarity and urged the u.k. to stay in the customs union in any deal and warned against a no deal hard. and now we move to sports betting it's a topic we've covered before in light of the u.s. supreme court decision to allow such betting back in may we thought it was time for an update plus there's now

a new way to bet you could do it on your phone our team sports correspondent steve any up the details give us deal with the details on what's going on is it taking off steve it really is it's happened very quickly you know since may you know just a few months ago there's already now four states including about of course new jersey delaware mississippi mississippi coming just this month in august and new jersey and delaware jumped on a pretty quickly in june and they already have some impressive numbers delaware being a very small state you know population under one million they generated already fifteen million dollars in total bets that in about one point five million now new jersey four million dollars in revenue revenue in their first month alone but since the launch they've generated over forty million dollars in bets you know over seven million in revenue so it's really taking off in west virginia rhode island and pennsylvania are next in the coming months are those are pretty impressive numbers whether you like gambling or not like gambling a lot of us like business and like to people see people do well it's so good for them in that regard now what about i think it i don't know if it was which the cup

which the game in years or it was who's doing an app on their. phone where you can bet on your phone so it is m.g.m. resorts it's called the play m.g.m. new jersey sports betting that now you have to have it specifically for new jersey so i could download it here in d.c. for example but i have to be in new jersey within state lines they use geo checkers in order to bet very interesting and it's through a specific casino other casinos are going to jump on but the borgata in atlantic city is the only one that's supplying this right now so you download the app you can bet from anywhere in new jersey you have to be twenty one years old and the way it works is the app is it's very simple to use it's streamlined so you use a virtual wallet you deposit funds into it using a credit card or a check for example and your funds that are available in your wallet virtually you place bets and your winnings go directly back in your wallet and then you can you know really bet and and you can bet on any sport right now it's a soft launch it launched last wednesday so it's only available actually for

android users at the moment but i phone users and other platforms it will be available for those as well according to the borgata and m.g.m. m.g.m. is the first company to have both physical and mobile sports sports books available and so that's looking to be ahead of the game now in terms of taking over the and so you can't download it here not that i was going to but it uses the geo tracking got to be physically in new jersey in order to bet you can download it anywhere but you have to bet physically in new jersey at the moment yes the christakis thank you so much pre-shared all the information. and that's it for this time thanks for hanging out with us you can catch 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.'s channel one thirty two ers always can find us at youtube dot com slash boom bust r.t. see you next time.

it was you know provision on my back when i wanted to. get. there so you know i lost his boss because i just you know got the. resources you know. any of those it doesn't but that's honest i don't mean any of them. so i said you know what i was you know. you know just i mean my most important i'm already but it was sped up out of me just a lot of the media and even i mean it was. just it up as well i must admit that he was i just don't get it i'm getting letters but those were the. those people are going to respond on one of those but it was just this but it was part of his i'm

with. my buddy and we've got a bomb i just but that's already yes equestrian he thought a thing of it but i think with you you're seeing him in ticket. for man or sitting in a car when the fifth gets shot in the hand. all four different versions of what. one of them is on the death row there's no way he could have done it there's no possible way because the list did not shoot around a corner. journalism

finds itself in the media spotlight in the u.s. after c.n.n. refuses to retract collusion story even after the networks source backtracked on his most serious claims. also this hour with a decisive battle looming over the last rebel stronghold in syria the russian foreign minister warns that the u.s. seemingly prefers regime change than removing terrorists. and more cracks emerge in the europe over the migration issue the french president says he's now the main opponent of the hardline anti moderate leaders of italy and hungary.

their welcome to the live from moscow i'm daniel hawkins wherever you are thanks for joining us this hour. c.n.n. is under fire after refusing to attract a breaking news story on collusion between donald trump and russia as the spike the news channels source publicly withdrawing a significant claim the whole story was based on we discussed this earlier with r.t. . a quick look at some of the nuts and bolts of russia collusion storytelling we've gotten rather used to the media running sensational headlines because a number of anonymous sources said this or that well what if the anonymous source reveals his identity and says the story's not true or that he's made a mistake perhaps you'd expect the outlet to take

a step back consider some skepticism possibly make a correction or take the story down altogether not if you're c.n.n. we stand by our story and are confident in our reporting on it and here's their original bombshell story from a month ago sources with knowledge tell myself and call that michael cohen claims then candidate donald trump knew in advance about the june twenty sixth beating a drum tower crucially these sources tell us that cohen is willing to make that assertion to the special counsel while britain bowler so the sensation was that the president's former lawyer would tell investigators mr traum had known about the infamous tower sit down featuring his son and the russians sure that counts as a sensation as many would take it as proof there had been collusion well a few weeks later a man called lanny davis michael cohen's own attorney comes out and says he was the

source for c.n.n. a b. he's made a mistake and c. is inside into this complicated matter has been misinterpreted mr davis eventually even appeared on c.n.n. several times to reiterate just that the reporting of this story got mixed up so michael cohen does not have information that president trump knew about the from tower meeting with the russians beforehand or you know does not is that your understanding now that the senate has. been told no michael cohen stands by his testimony he did not know of the trump tower meeting beforehand that's correct and the reporting was a bit but c.n.n. did nothing to warn its audience the story could have been false in fact it even began attacking the man who it once used as a source blaming him for changing his mind as often as the wind however when c.n.n.

first broke the news based on a tip off from sources it mentioned that attorney davis declined to comment on the matter now we know that mr davis and the source are the same person like these guys other influential outlets the likes of the washington post came up with follow up reports or included corrections they weren't saying the original story was false for sure but at least cast some doubt this was the time when journalists went to c.n.n. but c.n.n. and only answer to their question was we stand by our story it's still right because we had multiple sources did c.n.n. name many of these sources know this is out sometimes work and there could be a much bigger issue behind this kind of news climate one congressman from the republican party has claimed serious people from the likes of the justice department could leak sensitive stuff to the media on purpose he says this could be

a tactic to trigger and list rounds of probes we know that some people at the department of justice today f.b.i. actually gave information to the media then the stories were reported then they use those reports to justify further investigations could that point to some other form of collusion don't you dare even think that russia gate is the coin of the room here if you have a story no matter how false you're out with it before anybody pays any attention to this. sourcing we have a sleazy bunch of lawyers and i'd have to ed pundits and reporters who now are caught in this web of misinformation. speaking at all kinds of euphemisms for lying i would suggest that if they do have another source that to defend what's left of their reputation they need to serve up

some information about this but as i say they have no imperative to do that because i'm not c.n.n. on and miss n.b.c. and the cable and also the other outlets this story will kind of peter out and what people will remember is the first impression namely trump lied again. of the last stronghold of rebel on terror groups in syria the northern province of idlib is surrounded by army forces with a decisive battle looming the russian foreign minister sergey lavrov has warned that the us in the prefers regime change rather than writing ridding the area of terrorists. it would suggest that it counts now when the u.s. is steering this situation around a glib we want to know how can damascus have chemical weapons if the west france and great britain destroy them last year specially when you're still. more we have the impression that us threats against damascus are aimed at preventing terrorists

from being expelled they're. not getting those it's going to go to the chemical weapons provocation which is being prepared was aimed at keeping only us through their shoes and wish them to q. we believe these egotistical unilateral political games are counterproductive we believe all the conflict should be solved multilaterally with open contacts between the countries including regional countries. as tensions mount the russian center for syrian reconciliation says it's received intelligence on the livery of toxic substances through the province it claims the material has been brought in with the help of the white helmets rescue group for use in a false flag operation russia has previously warned militants are preparing to stage a chemical attack artie's what i've gathered here of has more on the potential escalation of the situation in the province. the stage is set for a final and it looks like

a bloody battle the battle for aid lib tens of thousands of islamists rebels from all over syria and the world against the syrian army and its allies know that the stakes here are like never before i q stations provocation and chemical scandal it's not an even fight the syrian army is stronger which means jihad ists need all the help they can get from abroad. following the alleged goot a chemical attack russia's warning that rebels will try to stage a similar incident in you'd like to draw the u.s.

france and britain in jeopardy sad again russia says an incident is imminent especially after the u.s. and allies jointly stated that they would act if it looks like as'ad launched another chemical attack that's almost an invitation to do so says moscow it would suggest to the now when the u.s. is steering the situation around we want to know how can damascus have chemical weapons if the u.s. france and great britain destroyed them last year you know what the u.s. answer is we never said that from the chemical weapons provocation which is being prepared is aimed at keeping al nasra they're counting on using it against the so-called regime as they call it shews it's do or die for the jihad ists rebels nowhere left to run nothing left to lose and their spot. says the west the gulf which have pumped billions upon billions of dollars into

a cause that's on its last legs damascus and moscow are trying to work out a deal to reduce perhaps avoid the bloodshed but the jar just aren't up for it syria russia adamant this swamp of terror and zealotry has no future the. group which are this is the last place for the terrorists so from all points of view this abscess should be removed of course what everybody's fearful of is escalation given the us russian military buildup in the region everyone has a gun pointed at each other and given that this is it the final act of the syrian war the urge to shoot might just be overwhelming. or the decisive battle looming civilians are fleeing the area through humanitarian corridors set up by the syrian government and russian.