u.s. companies u.s. attorney adam braverman said quote the concerted effort to steal rather than simply purchase commercially available products should offend every company that invests talent energy and shareholder money into development of products the alleged activity began in two thousand and ten and continued until one day. the killing of journalist jamal khashoggi by an alleged saudi hit team which many believe would not have been authorized without the approval of saudi crown prince mohammed bin solomon has ruffled relations between the u.s. and the kingdom the deterioration resulted in a significant shift in u.s. policy related to the conflict between yemen and saudi arabia the u.s. has been providing support and training to the saudis but now says peace talks should begin both u.s. secretary of state mike punk pale and defense secretary jim metis say talks should begin within the next thirty days the news also comes as the prince's much older brother prince med has returned to the kingdom after earlier making comments some

say is were critical of prince solomon which has raised questions about the future control of power in the monarchy. even after two positive final trading days that we've talked talked you about in october many hitting the worst month of october maybe the worst month for stocks in many years stocks around the world lost roughly four point five billion dollars in value as prices in the u.s. particularly at nasdaq plus asia and europe all fell sharply the s. and p. five hundred index is just barely up for the year but the index fell in october six point nine percent the worst month since october of two thousand and eight and the dow jones industrial average also fell by five point one percent in a hong kong stocks lost ten percent of their value and chinese in italian exchanges lost around eight percent. to do a deeper dive on stocks and look beneath the headlines now we're joined by danielle shea the director of operations at simpler trading and adam ash the c.e.o.

and founder of adam mesh trade group thank you both for being with us first of all i want to get both your reactions to october it really was a scary month even with hala we are here in the states particularly for the longs right down you know. absolutely it has been you know october historically and be that way and i don't know what do you think of what it was you were you surprised i mean danielle's right october is sort of like that you do get the earnings report but any any sort of things that surprised you. monday surprised me a lot the volatility on monday we went from up three hundred to down a couple of points on the dow and then in that final half hour we saw the market drop an extra four hundred points and then rallied back up that four hundred points and since then we've been going up the last couple days so my question was did we miss it was that fifteen minute window where we had capitulation all the chance we had to get in

a better prices and now the market's gone away or we have another chance to buy low or if pressed to make a decision i would say that we'll have a better chance to buy a lower very interesting and you know i want to get to this later but let's do it now real briefly danielle go to you first let's talk about the vix what they call the fear index traded at the chicago board. of crazy over the last month and to some extent you know i was surprised that it had been more volatile earlier but as adam described we saw a heck of a volatile monday trading what it what your what are your thoughts danielle about the vix. absolutely well you know the vix did it reach a pretty high level however it still didn't reach the levels that we saw in february correction so i mean we could potentially see it retire levels if we get a bad report from apple after the close and more volatility but at the same time after the last three days and after this rally that we've seen the vix is coming off and you know stocks closed wrong today so we're going to have to see what

happens with apple tonight yeah adam your thoughts on vix well i didn't i thought it would have spiked higher if we were having a real issue i know it's like forty percent i would have thought more of his vix could really expand then we didn't see that have been i would have liked to see even more well it's interesting i know did like myself follows options very closely and what i'm still seeing is a widening in the spread of a lot of the options which means uncertainty people aren't willing to give you a good price because they're not sure what's going to happen next and in terms of value let's just look at facebook as an example yesterday when facebook announced earnings the first thing it did was drop six or seven dollars before then rallying back. twelve to fifteen dollars so that's not based on facebook that's not based on mark zuckerberg that's just based on uncertainty and technical trading in

a range but i still think there's a lot of uncertainty out there so i don't see a deflation of the vix coming anytime soon all right adam stick with you let's do a little bit of a lightning round let's have a couple of big names and let's start with b.p. which saw a huge increase they reported two days ago and royal dutch shell also reported how are they doing generally. oil prices surged based on higher pricing from july to september so they had a good month but then we saw a drop of sixteen percent over the past month so when it comes to oil what i don't like as a trader in terms of speculating on oil is any given day news can influence the market so tough for me to speculate on oil if i had a set again i think i would say somewhat rains bound after a threesome ride and you know you think pretty much it's all oil profits would have boosted shell and b.p. right well they're two of the biggest oil companies there are and them doing well

and beating expectations is going to lead the charge so when you have the big names doing well that's in there keep the whole industry afloat ok let's move from oil danielle to food an egg bun do the big green company and kellogg's go all good battle creek and all those cereals and how did they do absolutely well as you probably saw i mean kellogg got hit honestly i can't say that i'm too surprised by that i don't know about you but i don't allow my child to eat sugary cereals first thing in the morning it's all about the opposite of toast these days so. that to me bad to me looks like there's some more downside to come and as far as bungee goes i mean this is very typical from the reactions that we've been seeing this quarter on earnings we have stocks that are reporting relatively well but they're still getting hit so. you know that is very typical of what we've seen this earnings quarter and i think there is more of that to come in the next week because i think that the investor sentiment regarding and surrounding earnings is extremely high so

if companies are not blowing their reports out of the water they're just they're getting sold yeah and great point and on kellogg i mean they have not had a good year in general so this is a more of a continuation. how about g.m. they surprise some people with the. the luxury price cars were selling better so they were at the higher end cars were selling well so even though they saw a hit in the u.s. and china it was that increase in sales on the higher priced cars they carried them up and and that's that's big to see g.m. doing well and there also i read i don't know if it was mary bear or the c.e.o. but talking about how they are really looking to the future with the driverless cars in the right hailing cars soft japan softbank and honda i think is even investing in their crews g.m. line so are they one of the more forward thinking auto makers out there yeah and

as another step in terms of thinking about the future i don't know if it's a good thing or a bad thing but they just offered to buy eighteen thousand employees out of their contracts anyone who has twelve years or more experience they offered to buy them out as they shrink their operations and look to focus more on running a profitable company well so they did maybe a good deal i don't know if the people take the buyout but if they don't take the buyout not enough people then you wait for the other shoe to drop and there may be a layoff that could really harm some some people let me ask you danielle is sticking with her a transportation but let's ask about air bus to talk about boeing a lot to tell us about air buses earnings. absolutely well i mean really a similar situation with airbus as the other two that were previously discussed i mean it had a little bit of a bounce after the earnings report but overall we're still in a down trend and if you're going to compare airbus to boeing as a trader i would absolutely stick with boeing for the long side it's

a lot stronger both fundamentally and technically now that boeing has recovered the fifty period simple moving average and i do like boeing in the long term airbus however you know they have a lot less orders for airplanes than boeing and the downtrend that i'm seeing on the chart it's just not something that i want to buy for an oversold bounce or anything like that regardless of what it did on earnings i know boeing took a big hit the other day they were like twenty six months something after that that crash in indonesia after your jakarta with those new planes that new seven thirty seven so people watch out for those real quick and i get a one word answer if you had to tell boom busters stock that they should look at right now what would it be danielle i like target adam. pay pal ok target and pay pal will take notice of it then you add a mesh thank you both for being here sure appreciate your insights thank you so much. and it's time now for

a quick break but hang here because when we return bartlett naylor the financial policy advocate at public citizen is back to discuss the u.s. federal reserve's effort to weaken capital and liquidity rules in the financial sector plus alex behala which is following the massive number of google employees around the world who have walked out in a solidarity protest over the treatment of women by company executives up to date and a host of the big picture here are to america holland cook answers the back thing question is print media fast say as we go to break the dow nasdaq and s. and p. are all as is a bit coin oil and gold to see investment. with

gold make this manufacture consent to stick to the public will. when the ruling class is protect themselves. with the flames. if suddenly the one percent. we can all middle of the room see. the real news room. the talk of impending war around the world is on the increase the great powers speak openly on the need to prepare for a conflict what does this tell us if anything it appears to be a sign the global order they came into being after the second world war and the cold war has come to an end. what is replacing.

value. in this. and. rational. design or live so. that the new. dumb the fool me at the double up my pizza in the zimmer full. of them. full of. fortune pretty outnumbered

a lot of both. welcome back italy's biggest banks are undergoing so-called stress test today those tests are calculations based upon what could occur with large financial institution failures and the impact upon the bank the test camas many have raised concerns not only about the banks but about the italian economy most of it always debt is held by domestic institutions including twenty percent owned by tell you in banks and the italian banking index is down by twenty two percent year to date and off the high is up thirty three percent from. one of. the biggest regulatory rollbacks is

being proposed by the u.s. federal reserve which seeks to weaken bank rules designed to protect the financial sector the proposed rules would reduce capital only we could have the requirements for more than a dozen big bank lenders here's just a financial policy advocate at public citizen bartlett no thank you so much for coming back for shit thank you so tell us about this proposal is it is a bad as i think it might be yes it's troubling the context for this is a law that congress passed last year called the crêpe zero bill it was s. twenty one fifty five and it caused regulations on banks between fifty and two hundred fifty billion dollars to be relaxed the federal reserve is implementing that but most worrying is that they are going beyond the congressional mandate as you said they're reducing liquidity requirements for banks that are even larger than that was liquidity requirements this is the cash or cash equivalents that banks have to hold in case there is

a downturn and that they need to meet their own bills banks themselves borrow money and this is being reduced not only for this slice of banks in the two hundred fifty billion dollar range but even higher than that also reducing the capital requirements what's that's that's the difference between assets and liabilities it's essentially the net worth of the bank banks are highly leveraged they have about more than ninety percent of their assets are own with borrowed money and that's not enough crash told us ten years ago that these banks were losing eighteen and twenty percent of the value of their assets they did not have sufficient capital you last lock lack of capital is cancer but liquidity is oxygen and when you lose the liquidity you die very quickly yeah and when you see some problem in markets like you see back then and we've spoken about it before but it's a lehmann brothers but i mean for example we were waiting on the apple report i mean if apple had some. orrible reported i'm not prognosticating anything you know

you could say wait a minute what are the debtors to apple or and what might that mean and in the banking sector when there is contagion you know back in two thousand and eight it started here in the us and i was just mentioning this headline you probably heard about the italian banks going through a stress test the banks in the euro in europe in italy they didn't cause the point anshul crisis it was us banks with exposure all over the world and that contained didn't spread so is this a case of the u.s. just saying things are all right don't worry about it folks and then doing a favor for their friendly bankers yes while while the music is playing these these bankers are certainly dancing and they are drinking from the punch bowl and the regulators need to take away the punchbowl during during good times of the economy for example is an overheated. this is also a case of policy is personnel and right now you have trump regulators and there i

think it was instructive that this fed was three one three trump regulators opposing the loan obama appointed regulator that's at the federal reserve right now personnel is policy and it's being played out right now with this regulation it seems like because we talked about the volcker rule here that this is a continuing misguided policy in my view but that from a former regulator who would have voted against this let me ask you one quick thing before we go get about sixty seconds there was a story today in the journal about spoofing and that is spoofing is when you put out false flags in the markets for our viewers you say you want to buy something and you immediately pull it back and you don't really want to buy it what you're trying to do is move the price either higher or lower and this news release i think it must have been from my old agency i thought was really a little bit silly because what's changed mainly in markets are these high frequency traders and i know and love a lot of them but they are trading as i talked about here in the program four to five hundred times per second how do. i think they've changed markets in general

these cheetah traders yes well i think trading in the markets which is supposed to find the accurate price has been overtaken by market manipulators really who are who are not actually serving the public good and establishing or seeking the real price of a particular commodity but playing games on the fringes and when high frequency trading and algorithmic trading accounts for eighty percent of all trading something is clearly amiss yeah and it's a tyrant some places i guess i mean worldwide it's eighty percent but some places and at times those crazy times during the opening and close those four hundred five hundred times per second it's like ninety ninety percent crazy stuff but later they were public servants and thank you so much for being with us parbleu. and google employees around the world stage a walk out to stand up against the company's handling of senior executive who has

been accused of sexual misconduct and generally the treatment of women artie's alex mahela bitches and toronto where he's following the story hey alex what sparked all this action by the google employees. the google employees came out in full force we're looking at over fifteen hundred employees that's sort of a small number that's what the expected number was supposed to be a lot more came out all around the globe it all started at eleven ten am and each and every country starting off in tokyo singapore moving over to mum by london zurich and then over here in north america new york and here in toronto as well over one hundred employees stepped out and that's only a few of the operations that we're talking about there it's actually happened in many more offices around the globe we know that google's a massive operation ninety four thousand employees if you include cowfold alphabet and so this is sizable the amount of people that came out and what triggered it was the golden parachutes we've all heard of these golden parachutes when exacts get booted out but they get a massive check to go with them and this happened with two exacts at google we're

hearing tens of millions of dollars were paid out to two google executives who were accused of sexual misconduct a third executive who was also accused was not fired but this person supposedly resigned on tuesday so you see that the motion sort of moving forward this was all after a new york times investigation an article that came out so according to the twitter account there are a number of demands that employees want to see that as soon as possible here they are right in front of you first and force arbitration on cases of harassment and discrimination to commitments and pay and opportunity accurate equity three publicly disclosed sexual harassment and transparency reports for a new process for reporting sexual misconduct and elevate google. chief diversity officer so he could report directly to the c.e.o. of the company and put him there so he could put recommendations or her there to put rip commendations the front of the board of directors of the google now as you can see this is all part of this movement that we've been seeing in the past year sue so with me to this is something else that's rolling in we're seeing it

corporations and this is pretty big especially when you see people have booted out get tens of millions of dollars it doesn't just strike people that have been hit by this it goes much more wide and broad within companies it's just simply not fair it just seems to me alex that a lot of those things on the list that you showed absent the horrendous assault on women or alleged assault but it seems to me those are just pretty basic things that they should have there with diversity and reporting things right to the top seems like a no brainer to me thank you so much for that report alex mahela veteran toronto police srijit keeping us up to date on it alex thank you. u.s. president donald trump likes to call the new york times alex just mentioned them the failing new york times but the paper has announced q three earnings they are not failing in fact they increase their digital subscribers by twenty four percent

in the last year reaping a four point five percent increase in subscription revenues with more than two hundred thousand new digital subscribers in the third quarter alone the times now has three million digital and four million total subscribers company stock has increased by fifty percent year over year and is up more than thirty five percent in the past month of trading around five percent of that by the way is since these numbers came out mid afternoon trading at the new york times stock at n.y.s.e. danced around twenty eight dollars per share the new numbers raise the question is traditional print media passe here to answer that its best person in the world holland cook veteran media consultant host of big picture right here on r t america . i mean how and what do you make of this situation are they are these papers still going to make it or are they just old school well three quarters of the subs are now digital that speaks volumes like real time t.v.

hard copy is just foreign to young people children today don't understand the t.v. is live they think it is on demand and menu driven and by choice and for boomers like us it's really a false choice because you have both i subscribe to the wall street journal so i know i can go online and get time sensitive stuff as they post it and i travel a lot so i get home and find a week's worth stacked up and i nerved the passenger next to me on the plane because for the entire flight i'm ripping the paper apart because a lot of it is not time sensitive it is the kind of enterprise stuff that makes us want to subscribe so i think it's both you're so right and i also bother my fellow travelling companions by shutting things up and but you know sometimes these hard papers i get the f.t. in the journal every day it's almost like contraband in today's twenty four hour news cycle because like here the numbers that we're talking about on boom bust

they're not from the paper those are dated i mean you have to go online to get the real news so i guess my question is is digital d.n.a. imperative to newspapers today things seem to be stuck at the wall street journal they don't dare stop publishing yesterday's stock price which by the time the in tries is history i work to usa today twenty some years ago and it was a more substantial paper then and i missed the weekend t.v. listings they used to have we have no way of knowing for instance is it a big market thing is it a small market thing we've seen warren buffett for years buying up these small town newspapers high school. sports as i say we have no way of knowing but i got to think that in a small town when a big picture of that kid scoring the winning goal comes out that gets cut out and mailed to grandparents somewhere else so i think there will always be a hard copy and undeniably there is

a demographic skew to it we were talking earlier in a meeting and somebody made the point the talk about c.n.n. that c.n.n. had less viewers but more revenue and it made me think about the tribalism in media that we see it but it gets fox around but with the world but the different the difference between fox and c.n.n. or m s n b c here is their tribalism in media i mean the president obviously present job doesn't like the new york times but how does that play out in print i think print is going to inevitably follow what you see here on cable because information is a commodity you get it on your phone if you're a little older you get it on your i pad but viewpoint equals loyalty thus fox or m s n b c i originally subscribe to netflix to see the documentary mitt they had uncanny access to both romney campaigns and the story begins at the end on election night when he's told you're going to lose and somebody handsome an i pad and he

starts composing the concession speech he didn't think he'd need because all along they said don't pay attention to these numbers watch that channel instead we choose our nudes because we'd rather have affirmation over information so i think the print model will inevitably follow broadcasting which has to dance faster by its nature and in terms of the profit margin the new york times is thrilled to kill fewer trees i know a person who spent her whole day on the desk at usa today buying newsprint a commodity you've got to put it on trucks they burn fossil fuel this digital distribution is frictionless and free i can't thank you enough for being here you've got a regular show to do here but you're kind enough to come on boom bust holocaust of the big picture here at r.t. america if it's thursday it's own i'm here thank you sir. and that's it for this time thank you for joining us so you can catch boom bust on youtube dot com slash r

t so long for now. i live the good. fun. we have many things in this world this is you know for everyone why some people's wants to take our things all the power just for themselves.

for chinese dominance going forward not only is a technology venture capital but they've been buying gold by hundreds and hundreds of tons as is russia so they understand that only keep money and feel that you willing to lose the chinese government's message to the people is only cheap money and fear that you're willing to lose chinese people that's the chinese government tells our people the chinese elite are buying gold by the ton hundreds of tons hundreds of hundred tons because they know that the money inflationary spiral is a part. i am not terrorists. but it is.

these days no matter where you are in the world the chances are you're being watched. in the deaths of innocent people just like anytime anywhere and thousand beats you probably won't have the slightest idea. and if you won't see it coming. what. would be a few post nine eleven scenario that in. this year you had been given a license to kill the villages their villages their houses their mud houses the bomb and sometimes they have killed a terrorist and then you see he's alive so who have the kill. children for a country for profit. how can you smile.

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