nat klein we've been through this and this isn't the way. how do you hide this is boom bust broadcast to go around the world and covering the world of business and finance and the impact upon all of us i'm barred children into york city today the heart of global finance we're glad you're on board coming up in the ever evolving saugus of chinese american relations there is yet another bump in the road this time canadian officials have taken a high ranking wall way official into custody how will this impact international relations will be joined by the c.e.o. of strome artillery corps which to dig into the details plus kristie i is back to

talk about the bit coy blowout that's been happening for the past few weeks and where it's price stands today and later with the holiday season here how big a splash will the smartphone market make call in cook close to the big picture here in texas but we'll discuss all that directly ahead but first we had some headlines let's go. international what tronic intrigue leads our globe report today as a top executive a chinese tech giant wall way has been arrested by canadian authorities at the request of the united states the part of the justice was always chief financial officer. was reportedly arrested by canadian authorities on december first ms ming is also the daughter of wall ways founder and deputy chair of the company remarkably her arrest occurred the very night the presidents of china the united states reached their so-called agreement on a trade truce a spokesperson. for the canadian just apartment as confirm his u.s.

counterparts are seeking extradition of ms missing to the united states meanwhile the chinese foreign ministry demanded ms meng's be released a ministry spokesperson told reporters quote the detention without giving any reason violates a person's human rights and that's true but that's also rich coming from china later in the day reuters report of the charges in the case relate to suspected evasion of u.s. sanctions against iran the arrest is also regarded fears in the markets of escalating u.s. china tensions pushing global markets deeply down artist middle of chad has been following the story and she has more now. man one zoo was arrested on a layover in vancouver canada and now possibly awaiting extradition to the united states over unspecified charges at the behest of the u.s. government many believe her detention is due to allegations of conducting business with iran which is currently under sanctions from the united states and as

a symbol of a bigger trade war between the u.s. and china so far the chinese embassy in ottawa have limited details over her arrest but have issued a statement that reads in part quote at the request of the u.s. side the canadian side arrested a chinese citizen not violating any american or canadian law the chinese side firmly opposes and strongly protests over such kind of actions which seriously harmed the human rights of the victim but ms manning isn't just a random chinese citizen maying is the c.f.o. and daughter of while way founder saying fate chua way is one of china's tech giants with revenues hovering over fifteen billion dollars employing over one hundred eighty thousand people the chinese smartphone cost almost one third less than the cheapest american counterpart from apple take for example while ways mate s e sixty four gig you can buy that for just over two hundred bucks and it specs are comparable to i phones x r which will set you back

a whopping seven hundred fifty bucks but the u.s. views qual way as a possible front for spying as well as a commercial competitor to the american tech industry now this comes at an odd time as washington and beijing have agreed to something of a cease fire from the tariff spat that came across the summer now the background that led to these tariffs tensions come from china's tech laws which the u.s. allege allow for them to steal american technology without any consequence and although the chinese are unhappy about ms detention beijing wants to avoid disrupting the progress being made to end the trade. war. we're so pleased with that report we now turn to hillary for which the c.e.o. of straw mark hillary this is sort of a crazy circumstance i mean it was already crazy with the relations between the u.s. and china but now with this arrest i mean occurring the very night that president

xi jinping and donald trump met i mean what do you make of it all hillary well first of all thanks for having me pleasure to be here but two things i would think in this number one i like to turn to a voice of reason and that is christine lagarde you know of course she's the chairwoman of the i.m.f. the international monetary fund she was there at the g. twenty summit she was there at the dinner and what she said was she thought that trump and she got along with security well she is the voice of reason and she doesn't think this is going to impact in the long run global markets the way that they've reacted today the second point though is you know conversely this is almost as if you think this was you know sarajevo again and you know the shot heard around the world with ferdinand because the way the markets have reacted this is been rather drastic a terrible decline over seven hundred points on the dow so the markets have reacted differently than what was seen at that event i do think that your sort of quick there bought about you know the chinese protesting about human rights is rather

ironic that from a communist society where it's more hierarchical actually ironically than a democratic society there now caring about human rights will know that caring about the human rights of somebody who's the daughter of a multibillionaire that see issue we're not sending a tank to run her over this isn't tenement square. yeah i mean i don't want to be glib about it but you know tell it to tibet right on human rights is that right but but you know hillary and i understand that what you said about the managing director lugard of the i.m.f. and how this relationship between president drop at present she may have progressed and i don't doubt that at all and i'm really pleased about that i mean there's a lot of leaders us not the case with so good on them but it just seems like boy did they were they not staffed at this meeting did nobody take notes because markets in part reacted poorly the last two days to the like this you know the confusion like the gang that couldn't shoot straight at the white house not knowing

when the ninety days started and exactly what it was going to be in the chinese not really saying anything so i just wonder overall hillary do you see an end in sight to these trade tensions that may cause markets to somewhat call and get away from these jittery jumps and prices well actually i think a lot of it's intentional bought i do believe that trump and his team i think they knew exactly what was going on bolton has already said that he was aware that he told n.p.r. that he was aware so i think they were quite aware that i do think that what's going to happen in the long run is you have this sort of this this devil of relations right now and this is very drastic right now however in the long run what's going to happen i believe is there is going to be these that the threat of terrorists has already resulted in the chinese agreeing that they're now going to import a lot more soybeans soybeans one of the largest crops of the midwest and of course remember that they impose the tower of on the very states that would impact republicans during the midterm so this was a political move on their part trump knows that the administration knows that so

what he's doing is creating this dire circumstances absolutely this relations at the moment so that eventually we can come to an agreement with the regard to the towels calm the markets and create some degree of certainty what you'll seeing in the market is the. kasik reaction to a lack of certainty and the uncertainty breeds this kind of roller coaster we're seeing in the markets with certainty there will be some calm and i just believe in what christina has predicted which is the overall relationship will end up in a common situation recession is not on the immediate horizon because of the growth and the productivity and global corporations very well said thank you so much hillary forward to see of straw mark thanks henri and welcome pleasure. and there are new first to report in the right handling sector today lift has beaten rival to file for the emerging industries first initial public offering or i.p.o.

lift reportedly submitted initial paperwork with the securities and exchange commission today big names and finance including j.p. morgan chase credit suisse and jefferies will be involved in the i.p.o. to take place next year which could give one hundred twenty billion dollar valuation. and alphabets corp subsidiary way most says they will achieve the first in the field of autonomous vehicles the industry preferred term for self driving vehicles company officials say they will test a paid ride hailing service called way mo one which will use autonomous vehicles in and around phoenix the capital of the u.s. state of arizona however trained human drivers will also be present in the vehicles during the trial and only four hundred customers will be eligible to call up on limo one the company's decision to keep human beings at the wheel seems prudent although boom busters may recall a human driver was behind the wheel when an autonomous vehicle struck big killed

a woman earlier this year in the arizona town of tempe which borders phoenix pedestrians and cyclists be aware. heads of state and ministers from opec the organization of petroleum export income countries have concluded their first two days of meetings in vienna reportedly with an agreement to cut production but coming out of the meeting signals for ministers of markets are mixed to say the least here to explain it all as our resident oil expert r t producer. take us behind the curtain if you will help understand what's happening in vienna and what's happening now in oil markets wildcard lots of news this week as you know this week started by qatar and now in saying it was withdrawing from the cartel as of january first which is of course plausible economic reasons for this is qatar produces a relatively small amount of oil only two percent of all opex oil output but it's

a huge producer an export of natural gas producing almost thirty percent of the world total now to today's opec meeting in vienna the much anticipated meeting came at a time when the oil market is near the bottom of its worst price plunge since just twenty at twenty eight financial crisis as oil prices have crashed around thirty percent over the last two months increasing up the pressure on budgets on oil exporting countries now opec met today with the aim of reaching an agreement over production levels for the next six months and has agreed in principle to reduce its output but will not and now a specific production levels until tomorrow after it meets with not opec oil producer russia and this is because bart's saudi arabia's energy minister. you had to say of today's meeting in vienna let's listen we hold i'm going to remove the root. of your students would contribute. equally to both because the boards of the

. roof or the minority consultation or leads we have not reached that. opaque and its allies are working towards cutting or last put port to about one point five million barrels per day but could fail to reach a deal if no compromise is found within an opec member russia now all pigs reliance on numbers like russia highlight the cartels declining influence in or like hurts markets which had dominated for decades the opec russia alliance was made necessary bards to compete with the us vastly increased production of oil in recent years particularly since two thousand and sixteen since by some estimates the u.s. this year became the world's top crude crude producer all but opec members are now waiting for news from russian energy minister alexander novak who flew back from vienna back earlier today for possible talks with president vladimir putin novak return to vienna tomorrow for talks between solly you saw the lead opec and its

allies saudi arabia now has been leading calls for the group to trim output prerelease lee indicated he wants to cut groups out about to cut output by one point three million barrels per day by saudi arabia's energy minister highly as sally announced today in vienna that output caused by about one million barrels per day would be sufficient for opec and its allies producers and that's because alberta canada and nastiness week that it would require producers to carve out good by about three hundred twenty five thousand barrels per day to drain their overflowing crude stockpiles to be realistic one point three is excessive if you take into consideration what you saw yesterday for example from canada or the day before with the. current. three hundred fifty thousand of it about from the state of our birth i think if you take into consideration. the volunteer

to duck soup for example for probably going on between two the. number that we leave. it goes. less than it's worth because it to me is like this like we have all day today and some of the more to determine goes the goods and bar to complicate matters further saudi arabia came into the meeting badly bruised by revelations that ages of the kingdom murdered washington post columnist and u.s. resident jamal khashoggi in october now all the president is standing by is shot i saw the ol eyes he has made it clear he wants the saudis to give a lid on oil prices as president trump on wednesday renewed his call for opec to keep production steady and reduce the cost of crude oil through twitter saying opec hopefully will be keeping all floor oil flow as is not restricted the world does not want to see or need higher oil prices trump said in his tweet but saudi energy

minister again. told journalists when asked about dollar reaction to curbing production of crude by the king them or the oriel cartel that opened members don't need their approval from any foreign state when it comes on the issue of energy production but barred as always the hard part for opec members and their lines is not just figure out figure out a number by rather how the group divides up the cuts to opec members of libya and nigeria have asked to be exempt from the cost like they were the last round of cuts all the opec delegates are trying to pursue both countries to cooperate so exactly there is an agreement just how much is going to be actually cut that remains a question on told their meeting tomorrow with russia. it's time now for a quick break but when your close when we return kristie are is back talk about bitcoins we've been seeing it for the last couple weeks plus hollande cook joins us to talk about how the biggest west will the smartphone market will be back in

a flash ilyas dismal numbers at the closing bell. people. most people think to stand out in this business you need to be the first one on top of the story or the person with the loudest voice of the biggest raid in truth to stand out on the lose business you just need to ask the right questions and demand the right answer. questions.

the maternity town the slums go in and you may never get out some sort of the most is. by teenage gang rules here because. one of. the good gloat is you were there with somebody but. not if you will be very. nice and very serious here to listen. to you when i do that as soon as you can and i know they like somebody who. you know when you about someone. who can use the icy.

welcome back am i trust regulators in france have levy fines totaling one hundred eighty nine million euros against a group of appliance makers which collectively hold seventy percent of the market for alleged price fixing according to reuters the wire service reports a handful of manufacturers including whirlpool are accused of effectively forming a cartel by agreeing on prices on items including refrigerators and washing machines remarkably the head of the forest mint agency told the news service the companies did not contest the charges nor did they challenge the fines. and there is more news in the ongoing money laundering scandal implicating deutsche and dance banks the alleged scale of deutsche bank's role in the scandal has increased by yet

. just thirty one billion euro's sources close to the case say they now believe doj about participating in moving a total of one hundred eighty one billion euros or two hundred six billion dollars in allegedly illicit transaction the news that deutsche is already waiting stock price pushing it down to record lows deutsche as chief financial officer appeared on the u.s. cable network c m b c to say quote today we are not aware of any wrongdoing on our part the c.f.o. is boilerplate denial seems likely to be challenged by new revelations as you so called panama are spader's scandal which we told you about last time is set to linger over deutsche and others for quite some time. within the past two trading days the price of bitcoin has dropped about three hundred dollars us around six percent other key kryptos like a theory of east and stellar have dropped even more ten percent that means the capitalization of crypt those is followed by roughly six billion dollars we've seen

a downward trend this year but is the hurt over or is there more to come here and talk more as our friend the co-founder of counterpart x christiane it kristie we keep missing each other in d.c. but it's good to see you on t.v. what do you think's going on with these crypto prices well right now we're in an extended bear market but analysts are pointing out that this really isn't anything we should be worried about just quite yet as this is actually very reminiscent of what we seen doing back in two thousand and fourteen my big home was in an extended bear market and dropped over eighty percent in the worst crash ever within a span of four hundred trading days so given that get in this and if i to history likes to repeat itself we believe that the bear market is almost over but we do see another leg down however however on our o.t.c. desk we do see a lot of the smart money come and smart money such as fidelity and why a c b i do and as well as sequoia ventures these are the smart money institutions that are actually stepping in and buying heavily as this is near the bottom.

however we still believe that there is a lot of there is another leg down left as we do not see enough strength or support at this level and we think that quite has the potential to reach the low three thousand and potentially the high two thousand before the year is out. yeah i notice the one you didn't mention you mention a bunch of them i noticed nasdaq was getting into the to the to and we talked in detail with your able assistance kristie about fidelity in the past you know i know a lot of haters won't like this but given all of the rush to get into crypt those last year and those astronomical prices we saw hitting twenty k. late last year is there some reason kristie to think more moderate prices might actually be good for the long term future of crypt those are just heresy absolutely i think roger actually sundered up quite well last week when he said that right now given the moderate growth of currency as a whole right now it's actually a very good support for the entire market because that means people are actually

using crypto currency and using black chain technology but what it was actually built for rather than just purely using it for speculation as we've seen it last year when it reached that crazy volumes of twenty thousand that was unprecedented growth and that was purely based off of speculation but not the real growth of the decentralized network and the technology backbone. chris see i've had this conversation with such some people off the air that i wonder if some of those bitcoin folks that got sort of rich you know they bought it for a hundred bucks or two hundred bucks the rich on paper right but they don't have the cash and now here it's been a while or that maybe some of them are selling you know trying to use the money on a holiday trips or car or something is that crazy thinking i mean close but a lot of the accountants actually pointing out that right now there are a lot of people who made a lot of money back in two thousand and seventeen but they are actually currently selling out of their currency in our to pay for their taxes and capital gains taxes

we know this because we've seen like all the accountants start to start doing these reports and saying that there are a lot of crypto currency holders that actually need to sell out because they currently do not have enough funds to cover those gains from last year. kristie we met with some people i want to talk about a name but there are some folks who are considering being the lenders to cryptocurrency holders without taking possession of the crypto itself in order to people give people some sort of cash infusion so we'll have to see how that goes kristie i the co-founder of counterpart x. thanks as always kristie great to see you thank you. when we recently reported the top five most wanted tech holiday gifts number three on the wish list was smartphones just as pricey new i phones hit the market but how many of us are shopping around for

a wireless phone service the service are to america big picture hosted resident tech buff holland cook is here with some bargains that could could surprise you holiday welcome other than the big three of the big four rather usa wireless carriers who are the discounters in this space what we know the big four obviously a t. and t. sprint t. mobile and horizon. if you walk through wal-mart you may have seen the offer for their straight talk wireless which they bill as the largest most dependable four g. l.t.e. network and why wouldn't it be because it piggybacks on those four major carriers networks you may not have heard of services like cricket wireless minta mobile taking or us mobile and while the big four want to lock you into long term contracts these discounters don't and if you're gagging on your monthly bill you may want to google these guys and compare prices and google itself is

a new player they have just rolled out what was a beta it's their google five service it works on over eighty android or i phone the handsets for twenty dollars a month unlimited text and talk the data charges ten dollars per gigabyte up to six and then everything over that is free so shop around. that's grilli good advice for consumers holland thanks i mean those deals obviously cover of domestic usa footprint but what about elsewhere in the world well well worth a comparison shopping there to that google five data plan works in over one hundred seventeen countries and territories there's free unlimited international texting voice calls or twenty cents a minute but it seems academic because we use face time a lot rather than calling we work with a lot of people like here at our team from other countries and you see them at odd hours domestically but normal hours back home simply face timing without consuming

any major phone charges another option if you're traveling to europe or the big four either aren't available or the roaming charges aren't affordable services like cellular abroad offer a sim card you can put in your unlocked phone and if you call india a lot here's a website you want to check out it's called whistle out dot com whistle out dot com where you can comparison shop deals for calls to india. hey holland i want to ask you for a book and the boom bust show today about why the way you know they've got these phones that are five hundred bucks as opposed to the the i phone with all the bells and whistles for fifteen hundred bucks you think people are going to want to be buying a while way phone given all the security concerns and the tension and trade well based on the terror of situation it could be moot if suddenly their price goes through the roof but recently on my show we had radio tech talker dave grave line

from the into tomorrow show and he made a point that we've observed in every day life is that people are very brand loyal i phone or android of course the android phones in the aggregate way outnumber the number of i phones but these i phone fanboys are incredibly brand loyal to that logo on the phone and they'll still pay sometimes more than twice as much as a similarly featured weiwei phone. very interesting paul and cook tech both and host of the big picture right here on r.t. america thanks ali. and that's it for this time thanks for watching you can get boom bust on directv channel three twenty one dish network or streaming twenty four seven on pluto t.v. the free t.v. app channel one thirty two or as always you can catch us that youtube dot com slash boom bust r.t. so long for now.

the way to the united states is dangerous for most of the illegal immigrants. just as there was a simple i want to. and i won the last post on this but i have many of them look for refuge in the so called sing tree science address he used to share information about undocumented migrants with federal authorities best person as bank. lisita point zero five and up next time i get i'm in a lot of class and i want that. they can watch as they all choose to stay in the country with donald trump in the. middle of the political rivals. both of you what if he had to be about to be. a fifth of many couples. who would chant the pushkin political spawn pose a few outputs of

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