nation at risk reportedly includes e-mail addresses and passport numbers my guys passport numbers company officials also reportedly admitted some customer credit card information was stolen albeit without those three digit security codes airline management and sis that hackers did not obtain any passwords the incident of the sequel to that hack we told you about before with british airways which they disclosed last month airlines are a prime target precisely because they handle it whole so much critical consumer information cathay says they flagged suspicious network traffic in march of this year and confirmed the hacking in may cathay did not and through a media question of why they waited so long to disclose the breach cathay stock fell at the hang seng in hong kong of course on the news. the italian competition authority has fined tech giants apple and samsung five million euro's and five point six million dollars that's five point six billion dollars and five billion euros over disclosures that software updates to their phone slowdown or disable the

devices especially expectedly coercing consumers to buy new phones the authority known by the italian acronym a g c m hit apple with a six point five point six million dollars sanction for failing to let consumers know how to manage their phones batteries boom busters may recall that when the slowdown effect of i phone updates was first reported in late two thousand and seventeen the company claimed the slowdowns were an unintended side effect of optimizing battery life regulators say samsung also failed to warn their customers that installing an update for their note seven device on the note for model could cause the device to crash. the white house is still taking a hard line on even beginning trade talks with china at the g twenty summit in buenos aires next month treasury debt deputy secretary under deputy treasury secretary david malpass has reportedly seconded the white house's mess. to his

chinese counterparts that the u.s. will not begin to negotiate in buenos aires unless china's delegation first tables they first offer a written proffer a formal one chinese officials say they prefer more discussions before both sides table proposals mr trump's flighty persona and chaotic management style have become an issue in the diplomatic dance as the chinese say u.s. negotiators have accepted more than one chinese offer only to be overruled by the u.s. president on the u.s. side officials are said to fear that chinese will delay then push for concessions in personal talks between chinese president xi jinping and mr trump while china and the u.s. continue to untangle in a tariff tug of war some other prominent members of the world trade organization are meeting in canada and hopes are pretty forming the global trade system artie's alex a hell of it isn't around to where he's been following the meeting alex is just remarkable to me i mean the meeting is taking place there and the u.s. and canada are not part of that may want to want to keep the kids out of the same

playground or what's going on give us the latest look at it is a part of it i know that was just a little bit of a slip china in the u.s. are not at all right thanks. canada has to be here since it's in canada it's just a week we couldn't avoid the thing but listen these are the countries are going to give you a rundown of the countries that are attending we have thirteen here is australia brazil canada chile the european union japan kenya south korea mexico new zealand norway singapore and switzerland as you can see that's a pretty diverse group of countries coming from different parts of the world with very different economic backgrounds so even something like kenya is playing in the same game as singapore and japan so there's good reason for this they wanted a diverse group of countries together but that are like thinking countries that need the w t o countries that believe the w t o is something that we need in the future when we're dealing with trade now that if you look at it was developed from the got agreement to change over. the w c o back in the one nine hundred ninety

five ish and at that time basically what this organization is about is helping countries that have smaller economies and growing economies it's not necessarily for the big guys only so that's a very important part of the mandy's now some of the changes that we want to see or why i should say that the countries participating want to see coming in the near future is first of all just a change of the system here's a quote from a canadian international trade diversification minister jim carr he says this system is better than no system but we have to improve it so we're having the first step of of a very long or longer a conversation now as he mentions it's not ideal right now in a lot of countries are a little bit taken aback by the but they want to make the necessary changes moving into the future and those changes include improving the efficiency and effectiveness of the monitoring function of the w t o which means they want more transparency and what the w.t. actually does they want people to know citizens of the world as well as governments

of the world also modernize the trade rules which makes all the sense in the world for the twenty first century and here's a big safeguarding and strengthening of the dispute settlement system now this is one that's often controversial the dispute that system that settlement system is often overburdened too many countries going you know taking each other to the w t o as to the dispute mechanism there and they're hoping that they can sort of sort of little this down that disputes can be taken care of outside of the realm of the dubby cio and just basically to stop overburdening that system now all that said one hundred sixty four members are in the what these countries that are here meeting what they're hoping to do is take whatever they write down on paper and push that forward to a meeting that you're talking about and that is the at the meeting down in argentina so the they want to take this information and hopefully get everybody else to sign off on it or to agree on it once they come to the summit. alex it's really interesting and i still just wonder what you know the u.s.

and china aren't there i guess they want to keep them apart and we'll be talking more about those ongoing negotiations but we appreciate you covering what's going on up in canada and canada in ottawa r.t. correspondent alex behala bitch thanks alex thank you. tesla mortar corp has posted their first quarterly profit since twenty sixteen the car company says they cleared three hundred twelve twelve million dollars in profit for q three of twenty eighteen on six point eight billion dollars of revenue tesla clearly hoping to get some points on the board and burying recent unfavorable headlines move the earnings report announcement forward by two whole weeks tesla's stock price jumped almost thirty percent on the report in trading after yesterday's closing bell and the longer term tesla watchers will keep an eye on tesla's production goals tesla has supposedly finally met their weekly goal of moving five thousand cars off tesla is assembly line in september but many observers are asking

if that rate is sustainable. and now we look at more earnings reports and some companies with john grace the founder and president of the best years advantage corporation john welcome back we're at the really honored you spend some more time with us today always good to be with you bart so let's start with the planes and trains and let's start actually first with planes of american airlines how did they do today. well third quarter profits are off forty eight percent probably mostly due to fuel costs being up forty two percent compared to exactly one year ago and how about union pacific we talked not long ago with on c s x but how about union pacific how did they do john tops their earnings and revenues expectations so they're in a green light so far and when you look john at american or union pacific either of those you know trans auto and transportation's sectors or either of those sort of

buy stocks in your view at this point well i mean they might be for the short term but i'm always going to say you know enjoy the turn as you prepare for the downturn so there's no place to hide here no place to be complacent and look for all trees to grow to the sky so yeah enjoy the gains but be prayer be prepared for the losses and some of these airlines delta reported last week and delta had profits even despite those higher fuel costs that you spoke about although the oil costs have gone down in the last couple of weeks here but they made money supposedly off the higher ticket and baggage fees except let's move away from transportation a little jon i know grub hub the food delivery e-commerce site reported today what's up with them well their stock fell as a result of third quarter results they did beat estimates but they're investing in expansion so they'll probably be ok and are there any the grub is one but there's

others out there are these generally stocks that you think you know we should be looking at i mean they're there e-commerce the retail right so they're they're sort of new edge from that perspective but it's all about food i mean do you think those are things for people to look at. well people are always going to need to eat food no question about that but i think it's helpful to look at like the i.m.f. just meeting last week after a six point four earthquake the indonesian president saying that winter is coming and as i'm sure you saw christine legarde saying g.d.p. is probably has peaked it's going to be in decline so it's helpful to see around the corner you know like the g.p.s. on your car says objects on the road it's really helpful to see those things well in advance as opposed to as they say just throw the dart and hope you're going to go to heaven after you make all these profits well we need those objects on the

road to be larger like the mirror is saying that's why we have experts on like you john who can try to bring those into focus for us finally john let's go telecom verizon reported today what's up with them. growth cost cutting no rollout of the five g. let's recognize that they're kind of like the last line of old companies that hasn't changed and they're not doing any market deals in the works so they're sticking to their knitting and trying to become as efficient as possible i noticed that they actually took some of the a t. and t. customers are really talking about that a little bit later with holland cook on the program but it a lot of these technology companies they've been doing really well over the last few years but tax in general which have of course been the darling maybe not so much anymore is that your general thought also. well i'm ugly little bit cautious bard i mean this feels real similar to me to ninety nine two thousand at that time

as you recall everything was dot com ok this time i was just talking to a friend here at the conference at the irrational exuberance conference and he says he saw a company that a t. company that changed their name to you know breitbart or to block the yeah yeah that's it thank you so you know you put a crypto currency on your name like we did dot com back in two thousand the stock goes through the roof but nothing changed fundamentally that's what we need to look for what's changing fundamentally and we've got to recognize that the demographics just keeps chugging along and peak spending in spite of everything happens in america around fifty one we have the boomers twenty four percent of the population fifty four to seventy two so you know the company is going to have to become more and more innovative and that happens in a recession by the way more than a dozen expansion but it just means that you know when peak spending happens there's not a whole lot you can do when the kids are gone and your dear need to spend just

isn't at the level it was before exactly i appreciate your time from step away from the conference john gray is the founder and president of investors advantage corporation thanks for insight john. and it's time now for a quick break but stay with us because when we return we consider problem once bitcoin and we're just talking about walking with john it's been a decade what is a future hold we'll talk with christiane counterpart x. and the host of the big picture holland cook does join us to talk about a t. and t. and netflix the big myth some of the growing pains for both companies and later we talk about women in business all the time here but we have one story to tell about one woman who broke the mold as we go to break here are the numbers at the closing bell we'll be back in a play. after

world war two we were all the world we have the most gold we had the sound this current say we had low interest rates and we were american century ready to go and like to offer good lottery winner that blows it all here we are twenty eight c. having kind of twelve. cranking gave americans a lot of new job opportunities i needed to come up here to make some money i could make twenty five thousand dollars as a teacher or i could make fifty thousand dollars a year truck so i chose to drive truck people who rush to a small town in north dakota was among the employment rate of zero percent like

gold rush is very very similar to a gold rush but this beautiful story ended with pollution and devastation a lot of people have left here i don't know too many people here and just slow down so much they lost jobs got laid off the american dream is changing that's not what it used to be. and it's a tough reality to. hit . zia's says holland kentucky. overboard this move the employee says it was very funny using. a co money since it was almost no coal mines left. the jobs are gone all the coal was said that's there was a lot of these people the survivors of disappearing before their eyes. i remember thinking when i was younger that is anything ever happened to the coal

mines here that it would become a ghost town but i never thought in a million years i would see that and it's happened it's happened. welcome back the attorney general of new york has sued exxon corporation and alleged exxon misled investors on the threat of climate change to corporate profit the suit brought under the power of new york state's martin adequate alleges that exxon management including former trump secretary of state rex tillerson ran two sets of accounting figures one for investors and one for corporate management on financial risks to the company from climate change caused by the use of exxon's products the suits resulted from an investigation started by the new york a.g.

in twenty fifteen into what oil companies knew and when with regard to climate change this current exchange commission started a similar probe at the time but closed that without taking action exxon spell oil giants chevron british petroleum and royal dutch shell also face lawsuits over climate change caused by use of their product. officials in wales have made a historic decision to leave coal c o l in the ground in the wake of the united nations warning we told you about last week that humanity has twelve years to prevent the most catastrophic impact of climate change whales new policy is set to be finalised by the end of the year will be to deny all future applications to call barring quote wholly exceptional circumstances the two coal mines currently operating in wales will be allowed to run out their existing contracts with one of them already scheduled to be closed and twenty twenty one mining is once a large the employer in wales that is deeply embedded in the history and culture of

the area going as far back as pre roman iron age in more recent times the famed big pit coal mine began operations back in eighteen eighty but closed down in one thousand eight hundred years after the van was tapped out. amazon and a lesser known plan to our technologies are under fire for their lucrative relations with immigration and customs enforcement or ice under the trumpet ministration a report from a coalition including the group's may hey i calls the two tech companies quote the backbone for the federal government's immigration and law enforcement dragnet researchers commissioned by the coalition examine lobbying records contracts and other documents and found that both amazon and planter have generated political support for isis expanding role and pivotal critical technology tools for eyes to ramp up operations including recent family separations the researchers pointed out that isis cabinet department homeland security is expected to migrate their massive

trove of biometric and other data to immigrants to a cloud platform within two years amazon has beaten out rivals including sales force or ical i.b.m. adobe and microsoft to garner the greatest share of cloud contracts with homeland security. it's been a decade ten years since bitcoin and chain bust on to this seem to day we take a look at where the technology group those started where they are not just today but maybe go in with our friend co-founder of counterpart christiane welcome back good to have you here thank you always good to be we love having you in boston helping us and then you're here telling us not too long ago about how to actually buy kryptos we really appreciate your time christy so let's go back the way back machine. kryptos and you know it was bitcoin and it was watching how did it all

start while to talk about how it all started we need to talk about what actually inspired the creation of decline so this was back all the way in two thousand and eight when the financial crisis was in full swing and then you have in september you had the fourth largest investment bank lehman brothers holdings filed for chapter eleven bankruptcy and so as the entire financial infrastructure of the world was crumbling you have or register officially as a domain name and then shortly after that an anonymous white paper under comodo was published detailing about a bit coin a crypto currency that with supplement and improve the current failings of the monetary system so what this white paper actually said was that big quine in a nutshell would be a peer to peer electronic payment system where two people can seamlessly transact and settle and send and receive money with very little transaction fee in very little time this entire process would be a borderless currency and the main a feature of this would be that there is no centralized authority over this and

this was the key because at the time if the central authority in the us a big investment bank went down paper money for government backed currency will be worthless he detailed out in this paper that this system as long as there are members in the system this is a must. would continue to operate because the members would maintain the system to maintain the network thereby making it decentralized and distributed so this was the entire vision and so we believe that it was because of this climate in two thousand and eight that i was actually inspired and created it almost when you read the white paper and i have to admit i didn't do it for a couple years after it was out but it was almost. eerily eloquent i mean and how it described everything and it made so much sense and those of us who you know i was a regulator in the financial industry with the participants were just yeah there's got to be something else and this was offered but the really my question now is when does the rubber hit the road what things we know bitcoin is taken off but what

things are actually using block chain we've talked about a bunch of things real estate. where people making money with blog chain mail yes so every single thing where you have transaction and you have multiple ownerships those are all industries that block chain can potentially disrupt my i think one industry that a lot of people are looking at is the concept of a digital identity a digital footprint because we all have like our driver's eyes in the past by that maintains our physical identity but who are you online on amazon and e bay have stars to a photo or down down the if you're a good seller or a bad seller but what about all the people making threats or cyber bullying are people creating scams or fake accounts those people if these actions were revealed to the public and these actions were tied to a single digital identity that's separate from the physical identity that would give responsibility to that person and that actually take out a lot of bad actors from the internet space as we know it so i can't we can't leave

this without saying just be quick if you can where do we go from here what do you see in the future other than counterpart x. and other things but what do you think briefly is the future i think that right now tokenize ation tokenization of everything of the current stocks of entities of real estate and real property excellent chris. the i have counterpart act couldn't agree with you more we'll have you back again if you're willing we sure appreciate it thanks christy absolutely. and we now take a look at netflix and a t.n.t. which appear to be having some growing pains to do so we're joined by veteran media consultant and host of the big picture right here in r.t. america holland cook holland welcome good to be here commish ok so let's start with netflix emily sleep spoke about them before holland but they took a hard hit on stocks yesterday down about four point four percent rather and some are concerned that the company does not have the actual bandwidth to deal with the into supported growth what do you think well netflix is down obviously the whole

market is down we've been in correction territory and you've been reporting how the tech sector has taken a hit look at the amazon wobbling around there the problem with netflix is it was probably high to begin with there's a lot of air under that stock price and to stay high they're caught in a vicious cycle they're spending ten million dollars per episode on the crown they spend a king's ransom filming the breakthrough house of cards series before kevin spacey is disgrace and they get the money to produce this original programming in debt and they get that debt because they're signing up new members seven million in the last quarter how long can that go on what they have to focus on is international it's already most of their business fifty seven percent of netflix members are nine usa and their big push right now is india they're producing hindi language programming

and original programming there they're testing price points and there's an awful lot of upside there because they may be in a dog fight here in the usa with all the over the top t.v. competitors there are a lot and i didn't know about what they were doing india thank you so much so much david. so i spoke earlier with john gray's arisan and i know that verizon is taking some of the share of a t.n.t. but we also bought a t.n.t. was on a pretty good guy path but now some people are questioning their future what do you make of that they have been up up up up up and they just took a hit in a couple of places for rise and is stealing a lot of their wireless business and you know what it's like bart every day in the mail i get a credit card solicitation they're stealing each other's balances also a.t.m. t.'s tablet action is way down and i think at this point it's safe to pronounce i pad the winner in the tablet wars direct t.v. which is owned by t.n.t.

is under siege from netflix and hulu and amazon and some of the other o.t. t.v. and hers if you watch the world series games you'll see that you tube t.v. is a major sponsor and to its credit a t. and t. was already trying to grow beyond just being the pipe they went out and bought time warner which gives them h.b.o. c.n.n. and a bunch of other content so it is a buyer's market now because this clash of the giants is testing all kinds of price points and skinny bundles and it's going to take a while the shakeout. hollen just real quick what we're thought about tim cook apple's c.e.o. talking about weaponize ing a data well it has been weaponized all along it's just on steroids now back when don draper and the mad men were buying mailing lists they were targeting your behavior and remember that when something is free you are the product so

we call on facebook and we don't read that whole page of terms we just check accept and suddenly they own everything about us and hackers are going on facebook and testing our passwords based on your pet's name etc they're so tim cook is right and we've got to get less lazy. volunteer and personal data it's a complicated issue that one that san bernadino shooter's i phone was captured apple refused to crack it because they are zealous about privacy. holland thank you so much for your time holocaust of the big picture thank you go sox. and this week we discussed the growing role of women in business but today we note the passing of another another woman that was really important we go with wanda ferragamo a remarkable woman in business business the widow a famous shoemaker salvatore ferragamo ship passed away at her villa in florence

florence rather in italy when her husband died in one nine hundred sixty ms ferragamo was thirty eight years old she never worked outside the home but she resolved she said to keep alive all the efforts that her husband had made with help over six children the youngest was two at the time i want to for gamo succeeded in building a glamorous shoemaker into a global full on full service fashion line we think that she is a good example for women not just now but in the future and that's it for now thanks for watching we'll see you next time. to seventeen years of war in afghanistan the country is stuck in a vicious circle of violence elections assassinations and reconciliation with the

world around afghanistan changing the country be able to escape its bloody cycle. prosecution. need to be called the scene. where you push. the threat of fines the most up by the known facts you do i mean yeah and i mean political pressure on that go through. to security to mr newsweek when you're trying to find out that business models he was by american corporations doubtless was a complete please don't put him into this. bruce central schemata was mcconnell seen the solution. allies up in association with the potato. a little can he salsa on those it is just some really positively to maintain an investigative documentary. ghost war on oxy.

join me every thursday on the alex song wind chill and i'll be speaking to guest of the world the politics sports business i'm show business i'll see you then. i'm max kaiser with more of my guide to financial survival this is on a my issues by professional scallywags to earn money. that's right these hedge funds are simply not accountable and we're just getting more and more to the. totally destabilize the global economy you need to protect yourself and get in for a while because we were. led

. to. a series of bomb threats against top political and media figures continues for a second day in the us that is president trump on the american media all you have a who's to blame for the state of disarray. a very big part of the anger we see today in our society is cool's by the purposely folds and in accurate reporting of the mainstream media that i refer to as fake news.