it's voted in hamburg and are going to come karrenbauer convinced five hundred seventeen of them that she was the woman for the job. and i'll be back at the top of the hour with all the first international it's been bust. how do you hide this is boom bust broadcast 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 saw the 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 we'll be joined by the c.e.o. of strome artillery of course which to dig into the details plus kristie eye is back to talk about the bit coy blowout that's been happening for the past few weeks and where its price stands today and later with the holiday season here how big a splash will the smartphone market make all 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 global report today as a top executive at chinese tech giant wall way has been arrested by canadian authorities at the request of the united states department of justice while ways chief financial officer. was reportedly arrested by canadian authorities on december first ms mangas also the daughter of wild 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 department as confirm his u.s. counterparts are seeking extradition of ms missing to the united states meanwhile the chinese foreign ministry demanded 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 chatter 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 fifty billion dollars employing over one hundred eighty thousand people the chinese smartphone costs almost one third less than the

cheapest american counterpart from apple take for example while weighs mate s e sixty four gig you can buy that for just over two hundred bucks and it's 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 tariff 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 meng's 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 forward to see all 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 were to kill the 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's the 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. what you know hilary and i understand that what you said about the managing director look guarded 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 calm and get away from these jittery jumps in 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. relations at the moment so that bench really 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. caustic reaction to lack of certainty and the uncertainty breeds this kind of rollercoaster 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 comma 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 hailing 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 in 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 trains 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 patrolling 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 it's a tavern 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 its 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 remember where the roof. of your students would contribute. equally to both because the boards of the. roof or the minority of 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 would not 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 bars 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 fatty 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 to it 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 the twenty. number that we leave. those. we let's them it's worth it to me it's like this like you know 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 agents of the kingdom murdered washington post columnist and us resident jamal khashoggi in october now all the president is standing by his side i saw the are lies 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

hopefully opec 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 fadi told journalists when asked about dollar reaction to curbing production of crude by the king them or the oriel cartel that opec 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 alliance is not just figure out figure out 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 what will the smartphone market will be back in a flash ilyas dismal numbers at the closing bell. so. when a loved one is murder it's natural to seek the death penalty for the murder i would prefer it be in the death penalty just because i think that's the fair thing the right thing research shows that for every nine executions one convict is found

innocent the idea that we were executing innocent people was terrifying news just knew it hasn't and that we're even many of the dems families want the death penalty to be abolished the reason we have to keep the death penalty here is because that's what murder victims' families what that's going to give them peace that's going to give them justice and we come in and say. not quite enough we've been through this this isn't the way. what does the rise of the yellow vests lumen in france tell us about the state of the neo liberal order in europe are the protests in france the largest since one thousand nine hundred eighty eight just about a hike in fuel prices and is the manual approach the right person to be president to address the problems so many kept in france.

welcome back and i trust regulators in france have levied fines totaling one hundred eighty nine million euros against a group of appliance makers which collectively hold seventy percent of the french market for alleged price fixing according to reuters the wire service reports a handful of manufacturers including whirlpool are accused of effect lee forming a card tell 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 key banks the alleged scale of deutsche bank's role in the scandal has increased by get this thirty one billion euro sources close to the case say they now believe deutsche bank participated 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 waning stock price pushing it down to record lows deutsche as chief financial officer appeared on the u.s. cable network c n b c to say quote today we are not aware of any wrongdoing on our part the c.f.o. as boilerplate denial seems likely to be challenged by new revelations as the so-called panama or 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 that's around six percent other key kryptos like a theory of eighth and stellar have dropped even more ten percent that means that capitalization of kryptos is fallen 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 a talker. more is our friend the co-founder of counterpart x christiane

a christie 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 coin doing back in two thousand and fourteen or because it 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 given this and the fact the 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. hall b. do and as well as sequoia ventures these are the smart money institutional 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 up. yeah i noticed a 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 christy 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 crip 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 crip 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 encrypt a 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 gents. just purely using it for speculation as we've seen it last

year when it reached like the 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 in 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 here it's been a while ago that said 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 cryptocurrency in our to pay for their taxes and capital gains taxes we know this because we've seen like all the accountants start started 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 lead to good 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 at close to the big picture right here in 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. a free t.v. app channel one thirty two or as always you can catch us at youtube dot com slash boom bust our to so long for now.

the way to the united states is dangerous for most of the illegal immigrants. to the fullest just as they would a simple they want to because they enter another one the last post on this but many of them look for refuge in the so-called sentry sides of the dresser 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 they want that. they can't walk to the options to stay in the country with donald trump in the. middle of the political rivals they both have the have to be about the. struggles of many couples. to which the pushkin political spawn pose a few of those appeal the hope of the. spiny

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