the prime minister of canada of course expressed optimism that he and president trump can resolve their trade related issues in buenos ariz the plan is for the leaders to sign the us mexico canada agreement the renegotiated version of nafta at the summit and turning to some apparent consequences a president trumps traders a honda motor company says that they will increase production of the acura r.d.x. luxury vehicle in china rather than producing inputs in the u.s. and shipping them hondas actions seems quite sensible even predictable i suppose as china is set to increase tariffs on u.s. vehicle imports to forty percent in response to u.s. tariff increases honda's move will reportedly benefit their current chinese partners wu's new and dongfang corporations honda's total sales in china reached nearly one point five million year over year in march. and saying in china there is surprising news of labor unrest student solidarity and official repression

organizers with jessica workers solidarity which supports workers at a plant owned by jessica technologies say chinese officials detained ten of their members five of them students last friday night one eyewitness told a.f.p. that she saw men clad in black beat one activist on the campus of peking university before driving him away the financial times reports similar cycles of unrest and repression are underway in beijing shanghai and shen then while apparently isolated the student labor solidarity is notable development in china is capitalistic cater ship which is of course overseen by the communist party. a bevy of big banks are bailing from london to the european continent due to the u.k. leaving the e.u. breck's it is already having a big bad negative impact some of the names on the move include bank of america h.s.b.c. that's europe's biggest bank germany's deutsche of. plus credit suisse and france's

credit agricole b.m.p. pair of best and society general even australia's largest bank by assets commonwealth bankers levy as are other australian lenders like westpac n a n z some lenders are moving to paris some to amsterdam and some to germany's financial center a frankfurt that's where swiss multinational bank u.b.s. is headed and to. and to help us out on breakfast and the big loss for london we're pleased to once again be joined by the c.e.o. of straw mark henry ford which welcome hillary thank you good to be back ok so i my favorite and i should say this i guess the story was not the u.b.s. going to frankfurt but the city traders who are going to hold the center of they don't want to go to that i mean you have a good frankfurt but they want to go to paris that's right and i understood what you make of all well bank of america also they go to paris and i think that's

rather interesting for american street leaving london to go to paris that's not only that all but i think a lot of it isn't new this is spain happening and the reason is i think we should take a big picture sort of back to you here which is theresa may if you remember was one of the remaining us when david cameron resigned she was left holding the bag and she took over this now and the negotiations have taken so long all of business has to do what bureaucrats don't they have to make plans they have to act so these banks have been doing this as a precaution and it's been over a period of time so it's no surprise to anybody that they've been doing this and making these notes but the employees yes so happy yeah and it's one thing for them to say they're going to start considering it but as time goes out they have to do more than starting to consider they have to sign leases and make deals right so that the rubber hits the road at some point it appears to be that's happening well actually i thought it was rather amusing member the time a few weeks ago when we had the negotiations in brussels and this big announcement came out all the bureaucrats they walked through sunday to try what they. sellers

that all business does that most weeks so i thought you know business has to make decisions and get things done what i would say is i would actually take the position i thought sergio amati is the c.e.o. of u.b.s. you mentioned u.b.s. of course the big and that's one firm and i think that he said something good in september to bloomberg he said he doesn't see the string triggering a financial crisis but he could see there being a slowdown i think that's what you're seeing you're seeing a slowdown of deals you're seeing a slowdown of investment and that's to be expected until something concrete is in place the biggest problem actually is although this announcement has come out of brussels theresa may now has to get this passed from ministers in london and i think in parliament that's going to be very difficult she's got so many factions within her own party boris johnson of course the former defense secretary being one of them they're against this and they don't want this and they feel that really we've complied that she's complied too much with the e.u. and they're against it so i think her own party is going to be difficult and then of course jeremy corbett the labor leader has said we're going to disagree with

anything so she can't win in either direction her own party she will have to have some labor votes to outweigh some of those conservative ministers that won't come along with her and that's going to be a tough road to hoe let me ask you this may be an unfair question to apologize in advance and you know i mean you've been to can rework that's where all the big banks are alone every walk. in to be. it's all about the financial services firms they're in it with those levy is there any way to actually. figure out how much of a loss this is going to be for the city of london the u.k. general won't put it this way the banking and financial services sector represents about six point five percent of g.d.p. in the u.k. so that is a sort of a large percentage but particularly the city of london i think you're right about canary wharf the prediction is that of course real estate rental prices a going to go down the list. investment there is going to be hit but i still think

this is in the short term and the main reason is uncertainty that's the reason i think once the u.k. gets that sea legs back and this all settles out i think you'll eventually see migration back to london you don't have that in terms of what one of their reports said i think it was reuters who said this is irreversible nothing's really irreversible and i don't think that that's true is there some timing something coming up in the next couple of weeks we should be looking for yes of course on november twenty fifth that's when there's going to be a vote in brussels the twenty seven ministers are already sort of gallery to determine that first of all theresa may has to get things through she has to get approval before she can go back to the e.u. so i would say around thanksgiving that's the time that if she can get them on board had mrs on board then you should see a finalization of course it's supposed to all end in march of two thousand and nineteen only only what that twenty something weeks away crazy unless they do what we're talking about whatever three weeks ago and kick it down the road for another year which they could do yes there was a chance of that the way forward see ostrov mark thank you hillary always

a pleasure. and sticking in the u.k. organizations representing british workers are expressing great concern over the possibility that british companies may be get this planning to implant their step with microchips in a bid to bolster security one british firm has already already done one hundred fifty implants and a swedish firm says it's talking with several legal and financial firms about doing the same to their employees all this comes at a time when the phenomenon known as biohacking is taking off worldwide with an estimated one hundred thousand people already walking around with chips and planted under their skin and here to go below just the skin and help us figure out what's going on is conservative commentator steve malzberg hey steve we pick the topics i'll tell you i mean this is it we go from facebook to you know wal-mart to you know planning things under your skin what's going on in the u.k.

and you know i know labor must be crazy about this seems justifiable to me but what's going on. well you know i have a chip in my dog fourteen years ago i had that put in when we got him in case you got lost but things have come a long way since then this is the chip so the size of a rice pallet and they go between the thumb and the forefinger and out what's going on is that in the u.k. there's a company called biotech and as you mentioned that they put in one hundred thirty individuals and they shipped most of theirs overseas to spain to italy and france and japan and china but there's another swedish company known as bio hacks and they are in talks reportedly with some of the biggest law firms and financial firms in the u.k. to do this on a massive scale have chips implanted in the employees of these companies and now you have the labor groups and those who represent employees saying wait a minute wait a minute there's a lot wrong here first of all people may not want to do it but feel pressured to do

it to gain employment or keep employment and secondly you're putting all of your personal information your medical records etc on these ships and there's a security problem here now these chips well the companies say no more passwords no more keys no no more security swipes or you do is wave your magic hand and you're into everything but there's two sides to this story yeah yeah the company is then into everything that you do and everywhere that you go and you know i mean you know i get it with your dogs and i even thought about you know is there something like work for kids like you know we have so this whole epidemic of missing children. you know get taken and but you know to require workers to do this it seems like a nutty thing to me is this an industry that is about to you know used to use the show name to bloom or bust glad you say that this is all part of an industry

that they say is going to boom. to two and a half billion dollars ten fold growth by the year two thousand and twenty three it's the human augment tahsin market part and includes more than just these little chips in your hand it includes bio limbs it includes of a chip in your brain that could connect the brain to a computer it includes the sex industry which could put chips in certain parts of your body to enhance pleasure so it's it's got all kinds of possibilities of what's taking place now that swedish company i talked about biotechs is in talks with the biggest transportation company in sweden to replace tickets you have a chip put in you know more tickets the chip will be able to tell you that you belong there is also a company in the united states in wisconsin called three square market it's a vendor company and of the two hundred fifty employees ninety have consented and

have had chips put inside of them so this is a market that's got to an expanded expand you know and i think more and more people will will acquiesce and have this done let me ask you this do you think this is being done in some places that we might not know about him is being done in china any ideas. i would imagine that that's the case as i said a lot of the chips by biotech the u.k. firm are shipped to japan and china and other countries so i think it is. a civilization and a society like china it might be forced or done it birthday we don't even know about it that that's a possibility but if these could be weaponized that's an ethics concern hack certainly but the positive side people with parkinson's you can't put a key in a lock just what just wave their hand in there in there are people without arms the same thing they have a chip in their foot if you can't remember passwords if you're losing your memory slightly you know more passwords so there are positives to this if you want to do

it. ok thank you so much conservative commentator steve malls thank you so much to appreciate your time always a pleasure. and we told you last week about amazon looking like they were going to locate the second headquarters not only one but two locations in crystal city arlington virginia just across the river here from washington d.c. and on line on long island in new york in the borough of queens well it's official that's where they are going and will hire twenty five thousand people in each area and invest a total of five billion dollars amazon also announced they will hire an additional five thousand people in nashville tennessee and it's time now for a quick break but hang here because when we return we head to california where are due to talk just helps us look at those massive california fires from an economic and business perspective plus margot suster from american university is back and helps us look at the increase clamor for content amongst media companies as we go

to break here are the numbers at the closing bell mixed results for stocks but boyle is sharply down dipping just below sixty five dollars a barrel as you went to air we'll be back in a one. nor make it manufacture consent instead of public wealth. when the ruling classes protect themselves. when the final merry go round to lift the one percent. we can

all middle of the room signals. the real new. world. it's hard to imagine decades after the war a nazi doctor was still active and rich in the nineteen seventies great intel had as the chair of its board a man convicted of mass murder and slavery at auschwitz a german company developed solidified a drug that was promoted as completely safe even during pregnancy and it turned out to have terrible side effects what has happened to my baby is anything ball you know she said is just cut short arms minix a little mind victims i have to this day received no compensation they never apologized for the suffering that not only want the money i want the revenge.

what politicians do something to. put themselves on the line they get accepted or rejected. so when you want to be president. or some one of us. have to write the book for us as a white woman for freedom or can't be good. i'm interested always in the wise. welcome back the head of a core global financial transaction network known as swift announced on friday that certain iranian banks would be cut off from the network as reimposed u.s. sanctions have gone into place on iran swift chief executive got freed live breath speaking in paris did not mention the alignment between the networks action and u.s. policy nor did mr line for it name specific banks slated for cut off or what criteria

were used to decide which banks would be banned from the system instead mr libre asserted the cutoff has been taken in the interest of stability and integrity of the global financial system u.s. treasury secretary steven minutia who previously threatens with punitive action if they did not move against iran said that mr libron made quote the right decision however european leaders who are struggling to salvage a so-called p five plus one international nuclear agreement with iran certainly have a much different response we'll keep you posted. the c.e.o. and co-founder of indian e-commerce giant flipkart binny bansal has resigned reportedly over allegations of quote serious personal misconduct flipkart corporate owner u.s. based retailer wal-mart tried to dampen the scandal wal-mart statement on the matter claim no evidence was found to support a specific accuser but that mr bin sauls showed other lapses in judgment in

response to the allegations mr bhansali reportedly was a key player in securing wal-mart's stake in flipkart. and another indian news jet airways has turned in their third straight losing earnings report currency complications and. jet fuel prices provided some obvious explanation for jet's continuing troubles though critics are likely to point to more systemic issues within the company while jet says their revenue increased by ten percent fuel cost in q three increased by fifty nine percent which has helped jet lose seventy percent of its market value this year alone. since the dawn of moving pictures there has always been a rush to create an adept the next big hit well that fight has never been more fierce than on the small screen phones and i pads etc entertainment companies

ranging from c.b.s. to netflix are duking it out to get the next big hit on screen from original ideas like stranger things to smash hit adaptations of books like game of thrones the race is on for content joining us now to help us understand what we're seeing is american university professorial lecturer margot suster hey i got professorial right i always mess up and i did kudos thank you for being here thanks for having me ok so let's get into this to me it seems like there is this big rush that everybody is looking for more and more content these bigger companies are buying buying up amc has walking dead based upon a book h.b.o.'s game of thrones tell us what you think's happening well remember that there is a number there are a number of factors here that are at play and streaming services are mainly the reason netflix is expected to spend eight billion dollars on new content apple also

getting into the game expected to spend a billion dollars on content that would be available to users of the i pad and i phones so you've got this these tech players that are involved now in creating content and that means that not only do you have more opportunities for more creative show. and more opportunities for adaptations of successful or interesting books but then you've also got mainstream media companies or kind of the the old storied companies that are trying to compete with those newer companies you know which can print which are looking at stories like the handmaid's tale that maybe wouldn't have been something that would have been considered commercially profitable but that really is you know by all accounts was a critics and critics loved it when it was released by by hulu so i mean apple's a big deal if they're putting money behind it have they talked about their sort of commitment in this space because you know if they could be another amazon or another netflix i mean watch out watch out is right i think apple has been mum on

it but there have been reports in media companies including the wall street journal that they're in the works to have a comedy with reese witherspoon and jennifer aniston and knight shah milan my understanding is also they're looking at content from him so i mean a billion dollars is is no small amount when you're talking about content and that's why i think we're seeing this real this push for more creative content more interesting content as well as adaptations of books stories fantasy novels but in of course comic books i mean a billion dollars is a huge amount i mean i was just reading about a bohemian rhapsody the movie it may cost fifty two million dollars to make it made fifty million the first week and thirty three million of the second week and so when you think about a billion dollars it's costing you fifty million it's you know that's that's a lot of money i'm curious you know there's always been it's usually been i guess i

think back in the day books to movies although there are various there are exceptions superman was you know a television series that a movie better which i loved watching as a kid you know was a t.v. series than a movie but by and large these comic books those those characters seem to really be . being on the west in fifteen years right yeah absolutely and remember part of that it has to do with the media ownership landscape disney paid four billion dollars in two thousand and nine for marvel so you had to know that part of how they were going to recoup that profit was in creating taking those characters and putting them on the silver screen and remember it's not just for a u.s. audience anymore it's for a global audience and it's also the opportunity to merchandise so every time you have in iron man every time you have the avengers on the screen you can sell all sorts of products all over the world that are related to that title and. the merchandise you know how big a component is that for these companies i imagine the main thing i mean disney

that's a huge deal of usually although we reported last week they lost money on their their theme parks and other things but their studios made lots lots of money but is the. merchandising an important component for some of these companies it's essential component for these companies and remember then you have also kind of cross promotional deals with other companies fast food companies like mcdonald's or burger king that can put these toys in their happy meals and then that's an another source of revenue and another source for kind of advertising for the film but i think what's interesting about this content and some of these content battles that we're seeing is that a lot of the content isn't going from book to film like we would have seen but now it's going from book to television so television right series that are they're looking for content that's going to come from books rather than going from books to to the silver screen and we're seeing books that are going to be adapted to go to

the small screen titles like orange is the new black which your viewers may be a familiar with which was a huge overwhelming success for netflix was based on a memoir and what about some of these programs i'm thinking in the well i think about a couple of them but they start off as television shows for a.b.c. . yes and they get regular commercials but people don't watch it because i don't watch commercials anymore so they wait until you can. on netflix or or or something i mean how how are the companies making money off of that mix which buys it for a certain amount and then they reap the benefits that is so those and that changes the landscape so everybody talks about the digital revolution and they talk about hulu and netflix so part of it is that people can watch the shows and they don't have to sit through a commercial the way we used to have to sit through a thirty second spot for an item so those days are over a long over so part of the issue is how you're going to monetize that content in so

you have these the traditional content that was on a c.b.s. or n.b.c. that now moves to netflix as well as the original programming that they're able to to offer to consumers so what's that going to look like in the future and i think that the big media companies fox and c.b.s. and n.b.c. that have programming you know that was typically on thursday night at nine o'clock in ten years it's going to look much much different than it looks today consumers just aren't getting their shows the way we got when we were younger certainly not the way our parents got it and these media companies are just adapting as quickly as a netflix or an amazon or even an apple and now in this current landscape are these are going to be conversations they're going to have to address because their profits are going to take a major hit as well as traditional cable companies which are seeing as netflix added ninety two million subscribers in five years cable companies continue to see people cutting the cord this being unfair questions why apologize but if you're

looking at this transformation just go a little bit of time what do you think is next i mean how does it look in five years or is it hard to tell well i think and i said earlier on the show that i think that some of these corporate battles i think the short term solution or the short term gain is going to be for consumers and they're going to see better come. and i think that's what the win win is going to be in the short term i think consumers who are going to be able to see better content on netflix and hulu and maybe on apple and on amazon studios content that's going to be great we're going to see more representative stories more diverse stories more interesting characters coming to the small screen and i think that's a win for consumers however long term how that's going to look if you've got to pay for five different services and instead of for just one well companies are going to have to figure it out or else consumers are going to have to choose more american university. and get great information thank you things. and that's it for this time thanks for being with us you can always catch boom bust at you tube dot com

pleasure r.t. so long for now. i. join me every thursday on the alec simon show and i'll be speaking to guest of the world of politics sports business i'm show business i'll see you then. tracking gave americans a lot of job opportunities i needed to come up here to make some money makes me twenty five thousand dollars as a teacher or i could make fifty thousand dollars

a year truck so i chose to drive truck people rushed to a small town in north dakota was an unemployment rate of zero percent like the gold rush is very very similar to gold 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 their jobs got laid off and the american dream is changing that's not what it used to be. and it's a tough reality to deal. seemed wrong when all rolls just don't call. me. yet to stamp out this thing comes to educate and in gains from it because of the trail. when so many find themselves worlds apart when you choose to look for common ground .

as the media become on hinged in there of trump the president's most ardent critics in the media hang on his every word new cycle after new cycle are all about trump and much of this coverage is negative as journalism lost its purpose for journalists now nothing more than ideological advocates. sunday. morning of each pick up the host for senor he said it's not that he changed it's a shot since that only shooting against. yet i'm. beautiful to go see it myself included. a use of it i was going to have.

to show. it to the session risto the. british mr blessed. enough to thank her. for her.

body on. i. will trump again lashes down to these french counterpart and on your own he wants greater independence from washington. for me. yesterday combined with the long term deal with the mass. to terrorism israeli defense minister resigns just a day after palestine militant groups announce a cease fire in an attempt to stop an escalating conflict that claimed eight lives in twenty four hours. cancer patients in or around find it increasingly difficult to get their hands on life saving medication as washington's reimposed sanctions.