in may in that deal the softbank vision fund paid two point two five billion dollars for a nineteen point six percent stake in cruz. and there is finally forward momentum to report on one of the most challenging issues in the brics that process british prime minister theresa may has reportedly convinced irish of forty's to support her idea for avoiding the creation of a so-called hard border between ireland and northern ireland northern ireland is on the same island as the republic of ireland but is claimed as the fourth country in the u.k. in theory e.u. laws require the enforcement of customs procedures at the border after brecht's it since ireland would remain in the e.u. while northern ireland would then be outside of the e.u. but a hard border is unacceptable to key stakeholders and would undermine the good friday peace agreement for door there in ireland now in preparation for an upcoming e.u. summit prime minister may has secured irish support for her fallback proposal for

the u.k. as a whole to enter a customs union with the e.u. for an indefinite period at least until another solution can be reached and while the e.u. is publicly veto the idea close observers say ms may's apparent plan to eat the cake and keep it as it were could is the party's toward a deal on the customs union and the border as british prime minister chris of may has less confidence also because of her handling of brecht's that we wonder what might occur with all those out there saying that not so sure she can do it here to help us out as he'll work for it's a c.e.o. mark hillary welcome back my pleasure ok so we always talk about your dual citizen you have an interest in the u.k. and we are pleased about that but tell us first of all maybe that headline that i read about the irish border what your thoughts on that first officer was very good news and you made a point there about the fact that actually island of course the geographically is different and you. ok you know actually i have always said that it should have been

called not brax it because great britain is not what this is just about but it breaks that obviously flow better so the ox it which it really is we need to have a frictionless border it's very important you can have that and you mention the good friday agreement we don't want iran island divided again and that would be a trade nightmare and it would be detrimental not just to all of those in the u.k. and those in england but it would be detrimental to all of those european countries doing business with great britain because they don't want to have that the lines at the border and that friction of the border. let's move to the no confidence part yesterday we reported on the program and there were five conservatives who publicly released this loudly officially submitted the letter but it was released to the public of no confidence and is may but reportedly there are thirty maybe forty other conservative members i assume their conservative members who have no confidence in or maybe have sent private letters. what does that mean is there a potential vote that could occur are we getting forward to that tipping point and

who are these conservative members do they have a lot of pull in the u.k. so you're right about the letter it was actually delivered to mrs may right before the conference right before her speech tonight before the conservatives are let's look at the conservative party conference was in birmingham and in england northern england middle of england the middle and and this was by james dudbridge he's a former tory minister so he was one of the five he actually led it and he led the livery of this letter so purportedly you're right there were are sort of maybe thirty or so of these these m.p.'s that feel the same way however very important to note that letter was before her speech she did extremely well of course the bar was rather low because last year she had the coughing fit that many people might remember the stage actually was beginning to fall down behind and this year she says something about i might pause to cough because i i make off because i was up all night of applying some glue to the backdrop but but importantly what's very interesting to think about is the fact that that was before. after her speech of

course she probably had a phenomenal speech writer but she did deliver a very unifying message she delivered a powerful message in basically looking at the alternatives if we don't unite we're going to divide this party and this won't be great for the nation she also laid out and of course the tagline was opportunities but she laid out more of what the benefits will be versus looking back importantly i think she also sort of acted as if boris johnson who is obviously her former foreign minister who who resigned and who had aside party conference and was really sort of trying to. be a very much a detrimental aspect to this she did a great thing she didn't really acknowledge him she didn't acknowledge him by name she acted as if this was some little flea bite and there has been a lot of obviously you'd you tube and media frenzy about this little dance she did coming out the stage host staff say that that was impromptu i think what's important to think about two things one her speech was unifying her speech was strong and that little darts visually for sort of british people it didn't it

didn't have to she doesn't have to be a good darts is a little bit of self-doubt self deprecation as well as i saw actually in the wall street journal that we've got all mojo back that was what it was about and i think it was very powerful so it will be interesting now to ask bret hart now breck's it where does it stand after that speech i believe that it's on secure of footing and i think the u.k. what she's managed to put through now with ireland the u.k. looks much stronger going into what two weeks from now will be that meeting in brussels the next summit with the you where we hope you will be back for that we hope you'll be back in the meantime but what have you back to that hillary forward to see you as dr mark thank you hillary should legislate it. european oil major companies are rejecting a proposal from your. paean union officials for

a financial vehicle to insulate the companies from u.s. sanctions against iran last week e.u. diplomats touted a so-called special purpose vehicle to enable financial transactions and protect companies doing business with iran the trumpet ministration plans to reimpose sanctions which were lifted pursuant to the twenty fifteen international nuclear agreement with iran in november mr trump has abrogated the agreement while both the u.s. allies and adversaries in the deal have sought to provide preserve it by salvaging economic guarantees made to iran but oil industry executives are signaling that the s t v does not provide them with adequate adequate insulation from u.s. penalties iran's biggest european customers include hotel and their chief executive told an industry conference that his company quote cannot afford to take the risk to be banned from using u.s. the u.s. financial system according to the financial times and for more on this important

and influx issue we are joined by our friend and the expert over there berlin r t correspondent peter oliver peter thanks for being with us couldn't be better and even better i guess with that you are with us now to give us the view from the i mean the talk is about using one of these f. these the special purpose vehicles explain sort of in detail peter how that would work at least in theory. right yes we are very much in the realms of theory on this we'll get to the reasons for that in a few moments but what the s.p.v. to special purpose vehicle is is a deal between china russia germany the u.k. and france all of the other countries that were part of the twenty fifteen iran nuclear deal aside from the united states which donald trump pulled out of the deal what it's supposed to do is to allow companies to trade with iran and well to be cut out from the u.s.

is basically it would essentially allow those companies that are doing business with iran to trade under the same rules as if they were doing business say inside the european union it's being put forward and back to massively by the e.u. high representative for foreign affairs federica mockery me her name is threw out they said in fact throughout the iran deal she was crucial to getting that signed back in twenty fifteen one of the key architects of it's taking it very very personally she says this will allow legitimate deals to be able to be done however not everybody is as confident the reason they're not as called is because the united states have said if you do business with iran you don't do business with the united states and it's that whole well really the trump card held by the trumpet ministration is they are threatening to cook businesses who trade with iran particularly those oil companies the trade cutting them out of the u.s. the whole u.s. market period two things one are there other leaders outside of the e.u.

who are looking at this because there are a multitude of countries that were part of this are ready a nuclear deal and secondly do you think that some of these come companies like told that the large energy giant there in france and others are just scared about being bullied by the u.s. i mean i'm a proud american but i sort of trust other leaders on this one to do the right thing and ensure that we have a nine. nuclear iran i don't want that so what are your thoughts about that. well if we start off with who's backing it the arabians are massively behind the idea of of the special purpose vehicle their foreign minister was speaking in new york in the the u.n. general assembly just recently beaming about the potential of this russia is also very much on side with it however the russian side have been a little more cautious saying they expect this special purpose vehicle to be to be derailed by the united states when it comes to is this simply bullying by

washington i'm not sure whether it's bullying what it is though it's the way it is because essentially s.p.v. could allow let's say everything goes perfect with it it allows european businesses to trade with a rum they can probably in the best case scenario make hundreds of millions of dollars off that business but what they're putting it risk is billions of dollars of business with the u.s. market essentially the risk is not worth the reward that's why we've seem to tell say they going to pull out of iran even if this goes in place even if the e.u. and federica mockery any particular say that they can protect you business business isn't really buying it because as i said it comes down to risk versus reward in the prospects of doing some business with iran does not outweigh doing all of the business that they do with the united states simply comes down to brass tacks we

are always better informed we appreciate you being with us r.t. correspondent peter oliver thank you peter. and time now for a quick break but stick around because when we return i sat down in boston with the c.e.o. of basis not her on a he who is about to launch a crypto stable coin will bring that to you plus how and cook the host of the big picture here in r.t. america joins us to take a look at the increased cost. more television streaming as we scrape to squeeze in a quick break here the daily digits at the closing bell the dow the nasdaq and s. and p. all down today with fifty points and gold sporting the only green arrows on today's big four back in a flash. on .

the way to the united states is dangerous for most of the illegal immigrants. cost us just a little sympathy i want to become lost and i want to ask some just about put as many of them look for refuge in the so-called sentry sides of the draft used to share information about undocumented migrants with federal authorities the best person asked than. most even more don't have it up or somehow get them in a lot of class and they want that. they can't walk to the options to stay in the country with donald trump in the white house for forty couples. be who he beat up to do. a sit sit struggles and many couples won't. deal with the putting political fumbles both of of you out to do the bulk of the.

shows seem wrong why don't we all just don't call. me. yet to shape out these days because that's ok and it gains from it equals betrayal. when so many find themselves worlds apart we choose to look for common ground. when you'll make this manufacture consent to step into the public well. when the running closest protect themselves. with the financial merry go round listen to the one percent. with no middle of the room sick. leave the memory leave

room for. those who don't accept the story of the old bastards the right to be a little bit. late . and i don't buy the stuff i put on me it. was somebody how does know it's a mask you never know what's happening and what they're shooting whether it's here . and it's left out of the. sad but.

also to give me a. just because of that into you but i'm addicted to sit with us and in the muslims all these clear when the. but also for longer term things like blowing salaries anything that involves time or derivatives and things like that that's a really trying to bring the benefits of bitcoin. but also the benefits of which is that it's stable and you really had an interest. thing in our panel you talked about how you sort of that transformed your view of regulation from when you started back in two thousand and twelve to explain that for our viewers. so with basis what we found is that. going to be i can go back for a second right so i started out in two thousand and twelve learning about bitcoin and one of the things ironically that attracted me the most to it was the fact that it was totally unregulated right nobody can mess with the supply nobody can shut it

down it was actually something that was really really cool but once i started to learn more about markets and how they worked i learned that actually the total lack of regulation can kind of turn a market into something like casino. where instead of valuing things based on their their actual productive use of value or their fundamentals on the kind of valued on what the next person will will pay for them kind of like you get this kind of pump and dump behavior the specular behavior and you know the interesting thing is that while a casino is very very fun it's enjoyable for a lot of the participants it doesn't allocate capital very well and so through doing basis and learning more about the role of the f.c.c. in the c.f.l. you see in particular i kind of gained a lot of appreciation for the role of in regulation kind of creating orderly markets also leaving the more efficient use of efficient allocation of capital of course i do have to mention there's there's a trade off with imposing regulation which is that it can make it harder for

entrepreneurs like me and my co-founders to raise money you know for various reasons like for example if you put a transfer restriction that says oh this person can't sell this thing for a year that prevents the casino like behavior like that and there's not really a slot machine that takes a year to pay out for presently. but what can happen is investors are less willing to invest because they have to put a liquidity discount and stuff like that and so it's really a trade off and frankly i think the regulators are doing. good job with that trade off and for some of our folks who may not know this explain what a stable coin is and how bases fits into that you want to be a stable coin why are stable coins important and how does it work for bass absolutely so imagine. this something that is censorship resistant which had a high level means i think of it as as three things right anyone with an internet can have it nobody can take it away from you once you have it and the system is

very difficult to shut down or basically can't be shut down. and the goal of a stable climate is this we see it is to bring those benefits the same exact benefits but instead of being a volatile asset like that coin it's stable in value. and what's really cool about it is once you have that you know it's actually not very attractive to people in developed the developed world right they have access to dollars which is a very good stable coined in the sense that the people in the developing world you really solve a lot of their problems with money if you can give them a stable asset that is also censorship resistant and so basis what we kind of aim to be in the long run is a stable os that people can use for commerce in the developed world that can't easily be you know thwarted by dictatorships or things like that there are dozens of folks here who have great ideas and no money they're operating on a shoestring but you've actually done a little bit better you've got some money and a great idea tell us as much or as little as you're willing to with regard to your

business development where is basis at this point absolutely so we're getting pretty close to launch we haven't announced the public launch date but really right now we're just sprinting to get everything in line both from a regulatory and engineering standpoint to launch basis which means that you can actually go out to a crypto exchange and buy a basis if you're in another country you can send that peer to peer and so really we're just heads down focusing on that right now it finally looked at having been on this panel with you you are truly a visionary and it's just. honored to be with you but tell our viewers what is a visionary use vision sure i mean i i it's very difficult to get to know what the future is going to be that being said i do think there is room for a speculative asset like that coin society has demonstrated that it likes gold for example and so i think in the future bitcoin could very well be this gold like asset and that's kind of digital at the same time but i do think you're going to need a stable asset something that you can actually use as

a unit of account something to denominate contracts and something that people can hold when they're not really sure what the market's going to do this kind of safe haven asset and whether it's basis or something else i think this kind of split of having a cold like thing in a stable thing to me it kind of adds up and in the long run that was not only he the c.e.o. of basis really appreciate him being with you think you. and we now move to take a look at television although who knows what they're at that isn't today's area streaming to do so we're joined by our friend holland cook host of the big picture here on r.t. america holland as always thanks for being with us is valid ok so are the cable companies in trouble giving the increased use of streaming by so many people in the u.s. and around the world nobody loves their cable company except for internet access and where i live in new england red sox baseball and around the country these

sports franchises have position themselves to force use of cable but for the most part people are wandering away from the program guide because you got hulu netflix you to amazon and all these other internet interlopers which as we saw at the recent emmy awards this is mainstream t.v. now absolutely. you know we talk about a lot of these though that have come on and. it reminds me of other things that you can get for free or very cheap and then after they start to hook you or you become addicted to whatever it is then they start upping the price and it seems like we're seeing a little bit of this bait and switch in streaming right the introductory offer is irresistible certainly they are testing price sensitivity but the numbers suggest that the consumer doesn't perceive bait and switch at this point the term is skinny bundle if you're shopping for

a price you might want to try sleng which is owned by dish and they want five bucks used to be twenty you know it's twenty five dollars you get twenty five channels three e.s.p.n. says pretty good direct t.v. owned by a t. and t. has a couple of bundles they want up five dollars this summer and forty dollars is another price point but if you can't afford that they will play down and slings neighborhood because they'll sell you a fewer channels and the key is no sports because those rights are expensive so you can get in on directv skinniest bundle fifteen to twenty five a month you tube started last year at thirty five now they've got that forty dollar watermark the best bang for the bot might be sony's play station view for thirty five a month fifty channels for seventy five a month ninety two channels so this is cables worst nightmare the next best thing to cart now we often tout at the end of the program pluto t.v. and you can catch our to america channel one thirty two but that's still free right

yeah hundreds of channels not all the channels you're looking for and you won't find the red sox there but you find us and you'll find movies like you wouldn't believe and pluto dot tv it is free and tell us about though we've talked often about the legacy media are those guys getting into this streaming act and and finally how do consumers figure this all out with so many options all the tail wags the dog because the big guys are. learning from these up starts disney is launching direct to consumer services and the pipe itself a t. and t. and comcast not satisfied to be the pipe anymore that they're getting into live cable programming admit this is in full overload but i had a guest on my show a couple of months ago cord cutters news dot com they sort this out like nobody's business still steer you in the right direction great menu cord cutters news dot com holland cook host of the big picture here on our team america thank you my

friend of a country shit. and that's it for this time thanks for hanging with us it was fun so long for now. cooked additional note of what was and gets up to linger some it's just a. little conditional on the moon. cinema yes so when you if you don't know show proceed. looked at with a showing of the ship is going to see is lost when the shit. you think it will ship . you have the same sort of. boat of shipping. you up

and most of those who booked it the work of the person you're booked much still. i do know what the move. was the latest news in the focus. worries and believe that the show you have put this was going to soon. lyricists through some really stupid. why should americans work other taxes stalin and obamacare just all of that up through the central bank that money transferred into the pockets of a few cartel members to create while the income gap social unrest social cohesion arrests and wide scale poverty and watch that happen. how can reopen on those books cool things. will simply doesn't date. accepting

and recognizing the independence of kosovo. unilaterally proclaimed. they were doing some help to us. india defied the threats of u.s. sanctions by signing a deal with russia. four hundred. five secret service are allowed to break the law if it prevents a big crime. russia's g.r.u. military intelligence service exposing on the alleged campaign of cyber attacks

around the world including on the international chemical weapons.