killing myself. hollings drink to get drunk drink to feel normal. that's why it's this way drug. shop while still very near here star cool and to reduce guns were through to it it just means to. need to be hoped pushed on by the v.a.'s are as drugs they need to be built. and they've really shouldn't be looked at like numbers they should be looked at like people if they go to a veteran center for health issues be considered as someone who really needs attention and. reflect there's someone else living inside of me or controlling my body. the byproduct. the drug is the cause like some fear depression.

because it literally need him into a zombie it's crazy. you know we don't have to do anything it's not our fault you know she's crazy and all that. appears traumatic takes a long time to get rid of. stairs albeit a whole cost going on in america from profit and the drug companies are killing millions of americans for profit and if no politician does anything about it i mean i look around the world and i see this relational and the frats protests and i see that is growing and growing globally and john locke said in sixteen of the ninety i believe that if the social contract was broken that it's up to the people to revolt this. social contract has been shattered revolution is in the so.

this is boom bust broadcasting around the world and covering the world of business and finance and the impact on all of us i'm part children in washington we're sure glad you're on board thanks for being with us coming up today is the big day here for breakfast as prime minister trace of may's play it went down by a whopping four hundred thirty two to two hundred two votes in parliament moments ago we break it down in the studio with hillary forward to c.e.o. of straw market and a u.s. citizen plus in russia are they on the road to the point we'll dig deeper with our correspondent lawyer chapeau below but and christie are the top founder of

counterpart and later we'll look at why the u.s. is so far behind in the field of contactless credit cards with parties that are just weak she joins us from los angeles all that directly ahead but first we had some headlines let's go to. the drama surrounding chinese tech giant wall way leads our global report today is the company's founder and chief executive makes his first public remarks since the arrest of one way c.f.o. who is also his daughter the c.e.o. rennes run saying faye denied that his company has installed so-called back doors into their technology for chinese authorities telling journalists on wally's corporate campus and then quote i personally would never harm the interest of my customers and me and my company would not answer to such requests mr rennes comments also balance flattery in the form of praise for u.s. president donald trump's tax policy with words of patriotism and loyalty to the chinese communist party. mr rennes daughter and wa wait chief chief financial

officer of mengele and zoo has been detained by canadian authorities that we've told you about why they consider a request from the united states to extradite ms wang on charges of economic economic espionage. and turning to the towering heads of global finance mega bag j.p. morgan chase and company has turned in a record setting fourth quarter twenty eight hundred earnings report that somehow manage to disappoint investors expectations can be so important as we've discussed recently j.p. reported seven point one billion dollars in profit setting a new q four record in the final report for twenty eight teen but per share profits of one dollar ninety eight cents were well below expectations in prerelease surveys closer to two dollars twenty cents this is the first disappointing report cycle for j.p. in fifteen quarters the company's stock which overall has been down for the past year initially went down today although it came back in trading to around one hundred one dollars per share and meanwhile bad boy bank wells fargo beat which has

broken beat the expectations which is rock scandals in the past by the fake account sales practices and those improper look improper loan charges they exceed the expectations but they did so at a cost of seven point three billion dollars they did that with stock buyback to ensure they were shoring up the company the market isn't buying it and the stock dropped a dollar thirty on the news although it has regained about half of that and trading later today the stock has been down for the last year. and china's key economic management agency the national development reform commission or n d r c signaling a willingness to administer economic stimulus while avoiding a repeat of past interventions which some of termed as heavy handed the vice president of the n d r c said earlier today while there will be no quote flood like strong stimulus and b r c policy aimed to ensure ensure a good start for. china's first quarter of this year china watchers remain eager

and perhaps anxious to know the amount of stimulus chinese planners will decide to an act with rust rough estimates on the scale of three hundred billion dollars. and we now move to the latest on bret's that is british prime minister teresa mayes breaks that plan was trout just moments ago and what the u.k. guardian called the biggest government defeat in the democratic era with one hundred eighteen defections from her own tory party her margin of defeat two hundred thirty two votes was greater then she mustered in favor of her bracks a point for more we're pleased to once again be joined by the c.e.o. strong marco report hilary welcome i mean this was there was question about whether or not it would pass you know they delayed it before so if you told us it did look good but this was pretty overwhelmingly defeat what do you think it was a right it didn't look good and you said she was trying to she was trials and i had

said the other day that you know this was mayday mayday the bookies had it twenty to one that this would be defeated so this is no surprise to almost any want to mean there was some hope for hangouts i think what's interesting to just take a quick look back is that we all know she was a remainer originally one of the biggest mistake she made was that she loaded then cabinet the conservative party cabinet to have so many remain a that she had dissatisfaction and dissension within her own party that's what's really cool is this so what's happened right now is that jeremy corbyn the opposition leader the head of the labor party has called for a no confidence vote which will take place tomorrow night wednesday well that some likely actually to pull off because why because even though they don't agree with this deal and they don't really want the conservative prime minister ministers and the democratic unionist party in northern ireland they don't want a labor right jeremy corbin a leftist government so the chances that she will show remain. and she's there

remain a so i think you're going to have more contention you're going to have more uncertainty what's looking the most likely and it's people think about what the seventy percent likely is that the house will be in no deal and it'll end up being something more like a norway deal what's interesting to note is that the foreign minister from germany he has recently just said just said that while we would be interesting to talk about interested to talk about the backstop and making some assurances that so i think you're going to see movement why is that coming from the germans you know as we talked about before one in seven german cars goes into it they have a vost amount of pressure from their combine you fractures in their industry with a huge trade deficit that the germans do not want to see this messed up because this is that the backbone of their economy which is obviously softening and not doing well so you say the so that you know a little more than twenty four hours from tomorrow night in the u.k. they'll have the no confidence back in and when i looked at markets earlier you

know they didn't seem to move much of the final numbers coming up here in the break in the u.s. but but the footsie after hours trading didn't move much and i wonder if in part it was because what you said the bookies were twenty to one against people listening on the prices it would have been great a surprise if this had actually pasta you know no one was shocked and also the prime minister did come out right away said she welcomed the vote no confidence vote. you know she was coming anyway but at least there was a plan i mean when markets took that huge deep dive when the first brics that referendum passed right people were shocked yes they didn't know which way was up so this is a lot different now let me just ask you sort of the doomsday scenario you said that the no confidence vote would not pass because. it was that it was the best of bad options yes but what if it did what would it mean if there's a no confidence vote and. the prime minister loses it then does that mean that

there's an election year and then also jeremy corbyn then obviously has a much stronger hand but here's what i do think is very important is that i said before you know no deal is better than a bad deal this is the issue this is bryan no this is rex it in name only this isn't a leave this is a bracks it that's the big issue it is not a brecht's it and a no deal you know you do know that thirty nine billion will be saved by british taxpayers if this deal does not go through and it's a no no deal so you look at all these dire predictions the chief of the callee port priss see you he has just recently said in a b.b.c. interview where they were expecting him to say there will be disaster and there will be lines and they'll be chaos he actually said we're very prepared so i think that there are dial warnings on all these scare tactics. being used to scare the public but you know i just wonder from a political posturing position and i get what you've been saying and what ms maes been saying you know no deals better than a bad deal or she wasn't quite with

a yes but but but what but you've said this before and it just makes me wonder hilary i mean. if you get half of something isn't that better is that really a bad deal if you're getting part even if you're not getting on i mean the u.k. really doesn't have much of a negotiating position here but also benefit ninety three percent of products and talked about this before you can get them from anywhere else in the world that's what the e.u. doesn't want the reason the e.u. is giving such a tough time to on the u.k. back said is because you know in the last twenty four years we've had all the votes in other countries like the docks like the danish and so what they what they fear is italy's going to want to have the same thing and that will be italy that could be even even from us with these yellow vests so i think what they need to do is they're going to actually probably come back and make some more concessions even though they said that they wouldn't have egg on their face while the lose this because once britain goes then it is just a presale a domino effect. for detroit with only seventy three days remaining by or the

twenty ninth we'll keep an eye on it thank you so much here we go we want your expertise pleasure pleasure. and we're going to squeeze in a quick break here but stay right with us because when we get back well more on that story about russia and a bit pointed out christiane i have counterpart act what she thinks about nations investing in those and later to touch a sweet joins us from los angeles to talk about contactless credit card as we go to break here the numbers at the closing bell u.s. stock traders seem to be striving to keep calm and carry on after the failure of preserving rests its lead with all three u.s. exchanges on our big board sporting grief carol results will be back in a flash. but hope to do something to. put themselves on the line they did accept or reject.

so when you want to express. some want to. it's. actually going to be for us it's one of the four reasonable people. interested always in the waters in the. first sitting. president donald trump is repeatedly said the u.s. will draw from syria it would seem he's the only one in his administration backing this move is trump in charge of. our john bolton and my campaign actually. because as you know provision out of my pocket i wanted to. get. his boss because.

then people. so i said you know what i was you know. you know just i mean what i'm already but it was but. i remember. if it up as well i must admit that he was i just don't get it there's a lot of us but those were the. people going to one of the. this where this part of . my family plus an equal car bomb i just bought that already has a whiskey and he thought of getting up there calling us implementing.

welcome back here to pick up on that story about russia and bitcoin is a co-founder of counterpart at christie crissy oh welcome back we're so pleased to have you again thank you so. i thought when i heard this first there were rumors about this story for a few days but then with this economist. spoke about it seemed like getting a little bit more traction but i remember back in august may have been august fourteenth but august a year ago so in seventy president vladimir putin said that bitcoin was a ponzi scheme he said a pyramid scheme or other and i know something about that i said well no it may be bad in some ways but it's not that it's not a scheme so this seems like a weird thing for the russian central bank or anybody else to be doing but what are your thoughts about it i think it is a little bit of a stretch to say that russia's will be buying ten billion dollars worth of backwind by february of this year i think that's a very big stretch considering that we know putin stands on the financial regulatory outlook of crypto currency markets and especially even earlier this

month russia is actually still debating and revising editing its current bill on the government's official currency so i think it will be incredulous that a major government will be the first to adopt a crypto currency up in an official capacity before that it's even hammered out its regulatory policy it's not to say that russia won't do this sometime in the future but i think this year or even next year it's a little hasty there's so many things to unpack there so. let's take them one of the time so one is that said russia and other countries iran and even india they're pretty peeved at the us us isolationist policies sanctions. on russia and on iran and they're starting to do business outside the us dollars you know in bilateral trade between the two even talking about doing sort of a u. one slash petrodollar between china and russia so this concept not in

practice the concept is something that actually people sort of talked about but not in light of kryptos kryptos lend themselves to this. all u.s. dollar currency yes i think it actually has its power and i think that in theory and currently it's currently being explored by i think that being adopted in official capacity by the government i think it's a little farfetched ok so we're agreed and you're the expert secondly. you mentioned that russia is working on rigs and i said this for a while and i wonder what you think that a lot of these countries so korea china at one point they've banned either bitcoin or crypto currency remember a couple years it was like twenty four different countries some of them very small not much trading anyway and they actually banned the trading of these things and people said oh that's the end i said no no no they're banning it for a reason i think they're banning it because they want to get ahead of that they want to figure out what it is develop the rules and then somehow take advantage of

it what do you think i think that's exactly the case they didn't ban it because they didn't like it they banned it because they feared it and they fear the currency outflows in case everybody fled to bake winstar wiring outside of the country when in fact their band was actually very strategic and very selective it's extremely reminiscent of when china banned google and facebook from china when in turn they developed their own internal fighting search engine and we chat social network so their band was entirely strategic when in fact china and india are extremely proud currency in fact the people's bank of china is spearheading the development of a digital r. and b. that will make money spend it completely transparent within the country india itself it's also developing its own biometric tracking system in order to digitize all its citizens currency social identity and social insurance as well we want a little bit of time but you were telling me before we went on air about that there is a water there are a lot of transactions in bitcoin in russia briefly tell us about that yes so all of the transactions on blocking you can see where the ip addresses are coming out of

and russia is extremely active especially in the private sectors the private sectors with the oil on energy sanctions those guys are actually spending a lot in terms of the o.t.c. and mixed online exchanges as well very interesting christiane your counterpart next thank you so much kristie always great to have you with us. and they're striking demographic news out of japan with an official study finding that the nation's workforce will fall by more than twenty percent twenty. cent by the year twenty forty a panel commissioned by the ministry of health labor and welfare reported available japanese workers would number only fifty two point four million in twenty four and twenty forty rather that's down to down from sixty five point three to twenty seventeen the report is the latest data detail informing the debate as japanese policy makers grapple with how to manage the aging and shrinking of japanese society the labor ministries twenty eight hundred estimate shows the largest ever yearly decline in japanese population with

a fall of four hundred forty eight thousand people compared to twenty seventies. and there is dire news from for coffee drinkers coming out of the commodity markets as the price of coffee craters pushing growers who are already poorly paid to despair and ruin prices of the labor intensive product are now at a remarkable thirteen year low leading reputed observers regular were observers to warn that many stressed growers from traditional producing nations including colombia and ethiopia may simply abandon the struggle to make a profit with the stimulating crop in central america the collapse of coffee prices has intersected with the early effects of climate change to devastate small farmers in the region that climate related economic collapse has in turn made a significant but underappreciated contribution to the flow of refugees and asylum seekers from central america toward the united states. and there is a new shift in the landscape of the quickly evolving us pharmaceutical sector as

major players c.v.s. and wal-mart part ways over prices the ninety three million customers of c.v.s. pharmacy benefits manager or p.b.m. c.v.s. caremark will no longer be able to fill their prescriptions at wal-mart pharmacy locations after c.v.s. refused to cut retailers demands for higher reimbursements according to a statement from c.v.s. wal-mart claim to have fought for the right of customers to choose where their prescription. are filled blaming care mark on the growing role of pharmacy benefit managers or p.b.s. for the market schism the arkansas based retailer statement said quote the issue underscores the problems that can arise when a p.b.m. can exert their unregulated power to direct members on where to fill their scripts disrupting patients' health care and then to that. let me ask you question do you ever get annoyed waiting in line because somebody is

debit or credit card is taking a while to process while europe has a head start using contactless credit cards the u.s. is just now getting in the game artista sacher sweet is live in los angeles with more thank you for joining us and we love to have you all the time we specially love to have you live so why is the u.s. so before so far behind in this. well good afternoon bar you know it's a great question since you're a begin implementing contactless cards back in two thousand and seven and for those who don't know contactless cards are when you just you know top the card as opposed to entering it into a machine so this technology uses a radio frequency identification for making secure payments without a pen or signature so according to visa when it comes to purchases outside of the u.s. more than forty percent of transactions are happening by way of a tap now take a look at this graph here you can see globally which countries are already using

contactless cards ninety percent of australia sixty percent of canada and nearly fifty percent in the u.k. and you can see that the only country behind the u.s. here is japan so specifically the u.k. was issued the first tap and go cards by way of the barclay card in two thousand and seven and now there are reportedly over one hundred million contactless cards in the u.k. part of it sounds like the u.s. just recently switched over to the chip method you know after using that swipe technology sometimes that doesn't even work but for so long are experts forecasting what are they what do they say i mean is it going to take a long time to convert from you know we went from the swipe to the chip so to take a long time to convert to the contactless cards. well to answer that question no experts believe that there is a massive change happening here and yes financial institutions have been dragging their feet but now since they discovered more transactions happen when the tap and

go method is used most carriers are convinced that this is really the way to go but i want to take you back a little bit here you may recall when the massive target breach happened with the credit card swipe technology as you just mentioned you know the big change that happened here was in october of two thousand and fifteen and that was when merchants as opposed to banks became the ones liable for fragile and transactions for those by next year cards so of course it motivated merchants to quickly change their technology to the chip method and now craig vosburgh of master card is saying that when transit gets enabled through contact lists that usage rates go up everywhere not just in transit but in starbucks mcdonald's you get the picture here so j.p. morgan chase recently announced that all of its credit and debit card holders would be moved to contact list by the end of twenty one thousand part yes so i mean the easier it is if you can just you know tap it up there although i worry about you

know security about you know tapping against something i invert that and virtually purchase something i don't want to purchase so there's that concert on my part but do you think consumers overall natasha are going to be open to that in the u.s. after we've gone through this transformation so far. well you know only time will really tell barb but consumers do seem to be pretty comfortable with apple pay i mean not everybody though there are the security concerns as you mentioned and that uses very similar technologies so twenty thirteen though the u.s. did attempt to implement contactless cards and they actually failed so at that time chase was quoted as saying that there was a low number of people and merchants supporting the cards but we now know that at least the latter will be different this time around so if it means more spending we know that merchants are certainly already on board bar but of course none of it is one hundred percent secure and the possible for being on board you can catch boom bust as always on directv channel three twenty one dish network channel two eighty

or streaming twenty four seven on pluto t.v. the free t.v. at one thirty two or as always you can catch us at youtube dot com play boom bust archie so long for now so you next time. to get up off the ground. sounds a. grown man. wish to do away from you all to. the joy. the obvious or did they kind of lunge for the web once missed and then when it happened on trace one as i didn't i never saw any

contact with. any kind of went back to where they were so the answers back here there again fifteen feet apart at this point. he's gone. reflect there's someone else living inside of me or controlling my body. the byproduct of that drug is the cause like severe depression. because it literally made him into a zombie it's crazy. you know we don't have to do anything it's not our fault it's just crazy and all that. secures.

with the whole make this manufacture consent instant of public wealth. when the ruling classes protect themselves. with the flame and merry go round lifts only the one percent. we can all middle of the room signals. to leave the room i mean the real news is really. when i came back from iraq out of marijuana was cocaine methamphetamine see anything that's altering trying to get us out.

that bad mindset using a chemical that would be so. i want to be drinking and drinking ino new just killing myself. out of the holy. don't drink alcoholic drink to feel normal. that's why i call it's this way drug addicts do. a shot myself and they're right here stark cool under which these guys are blowing through to early just means to. need to be helped and then i get pushed on by the v.a. is ours drugs go and stuff you need to be helped. and they just really shouldn't be looked at like numbers they should be looked at like people if they go to a veteran center for health issues be considered as someone who really needs attention.

was. it is. breaking news in our team u.s. soldiers could be among those in an explosion hit in a syrian city of mandates that's according to report. also to come u.k. .