and i was actually in jerusalem on the fourteenth of may. last year when i heard they were moving the american embassy to jerusalem was a protest against the removal and had to fly through tel of the from a solidarity visit to the occupied west bank on the way back the newest intel of eve that i had a bad magic passport and they wanted me to scan in my fingerprint as part of the passport process which i refused to do so i think there is definitely an economic say an intelligence gathering said everything we put on social media which is who we are or what we believe in believe in what we do. yeah whatever you do looks like big brother certainly got one on all of us so many thanks feel perspective on this for he's my guest political activist and commentator. we. will be watching you hope to be watching maybe in off and out see them.

when lawmakers manufacture consent to step into public wealth. when the ruling classes and protect themselves. with the financial merry go round lifts only the one percent told. to ignore middle of the room sick. child's seemed wrong why don't we all just don't all. get to shape out just to become educated and in detroit equals betrayal. when so many find themselves worlds apart we choose to look for common ground.

if like there's someone else living inside of me or controlling my body. the byproduct of that drug it is because like some of your friends. because it will need an end to zombie it's crazy. you know we don't have to do anything it's not our fault in the shoes clothes in the end all that. appears problematic long time to get rid of.

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 chilled with washington we're sure glad you're on board thanks for being with us coming up to day is the big day here for breakfast as prime minister trace of may's plight 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 c.e.o. of straw market in the u.s. u.k. citizens plus in a russia are they on the road to coins we'll dig deeper with our g correspondent lawyer shuffle biloba and christy are the co-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 week he joins us from los angeles all that directly ahead but first we had

some have lost let's go. to the drama surrounding chinese tech giant wall way leads our global report today is the company's. under and chief executive makes his first public remarks since the arrest of weiwei c.f.o. who is also his daughter the c.e.o. rennes wren saying fe denied that his company has installed so-called back doors into 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 like 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 et in is weighing 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 eighteen 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 hundred 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 mark. it 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 it's signaling a willingness to administer economic stimulus while avoiding a repeat of past into interventions which some of termed as heavy handed the vice president of the end the 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 after a 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 a plan with trouts 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 plan for more we are pleased to once again be joined by the c.e.o. 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 as you told us it didn't look good but this was pretty overwhelmingly defeat what do you think of it well you're right it didn't look good and you said she was trying to she was trials and i had said i have a day that you know this is mayday mayday the bookies had it twenty to one that this would be different and so this is no surprise to almost anyone i mean there was some hope for hangouts i think what's interesting to 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. so many remain a is that she had this satisfaction and dissension within her own party that's what's really cause 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's some likely actually supposed off because why because even though they don't agree with this deal and they don't really want her the conservative prime minister ministers and the democratic unionist party in northern ireland they don't want a labor right jeremy corbin left this government so the chances that she will watch shall remain and she's a 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 maybe seventy percent likely is that perhaps they'll be a 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 move be interesting to talk about into the 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 england they have a lost amount of pressure from their common you factors 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 that the so the you know little more than twenty four hours from tomorrow night in the u.k. led to no confidence good and when i looked at markets earlier you know they didn't seem to move move. well the final numbers coming up here in the break in the us but but the footsie after hours trading didn't move much and i wonder if part it was

because what you said the bookies were twenty to one against people knew this coming the prices that would have been great a surprise if assad actually possed no one was shocked in the end. and also the prime minister did come out right away said she welcomed the vote of 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 bricks that referendum passed right people were shocked 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 yeah 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 lead this isn't a break that 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 pisses 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 only 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 her main 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 would 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 other votes in other countries like the dutch 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 france 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 rather than lose this because once britain goes then it is your slippery slope a domino effect absolutely hillary for which way with only seventy three days remaining or the twenty ninth we'll keep an eye on it thank you so much your we know your shit your expertise pleasure bob pleasure. 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 bit pointed out kristie i have counterpart act what she

thinks about nations investing in those and later in a talk show sweet joins us from los angeles to talk about contact list credit cards as we go to break here the numbers at the closing bell u.s. stock traders seem to be striving to keep call me and carry on after the failure of preserving rex's plan with all three u.s. exchanges on our big board sporting green arrow results we'll be back in a flash. the country has gone into a nihilistic fever that's why i think we got to hit the road and get out the traveling across america in the find what makes american take the charlatans the genius of this place especially american hero this is it we've come to a point much on what is going on something we always are on the margins something

the. culture is very important because. we're starting last with the myth is we're going to headed east into the swamp we're going into the belly of the bees i think i want to leave now doesn't do any more than the you may be completely different but the end of this. president donald trump is repeatedly said the u.s. will withdraw from syria it would seem he's the only one in his administration backing this move is trump in charge of his own foreign policy are john bolton and mike. impale actually.

when i came back from a. marijuana her was cocaine methamphetamine so anything that's altering trying to get this out. that. used in the chemical that would be so. i want to be drinking and drinking just killing myself but drinking alcohol links drink to get drunk alcoholics drink to feel normal. that's why it's this way drug addicts. shot so their. star cool under which these guys are going through to do it it just means to. need to be helped and pushed on by the v.a.'s are as drugs go and stuff they 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 is should be considered as someone who really needs

attention. welcome back here to pick up on that story about russia and bitcoin is a co-founder of counterpart act christiane chrissy 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 that spoke about it seemed like getting a little bit more traction but i remember back august may have been august fourteenth but august a year ago so it in seventy president vladimir putin said that bitcoin was a ponzi scheme a sort of pyramid scheme or other and i know something about that i said well no it may be. add 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 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 as a 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. much take more time so one is that said russia and other countries iran and even they're pretty peeved at the us that the us isolationist policy is 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 sort of all us 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 they claim 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 mention that russia is working on the rigs and i said this for a while and i wonder what you think that a lot of these countries south 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 by do a search engine and we chat social networks so the ban 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 when russia is extremely active especially in the private sectors the private sectors with the oil and 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 x. 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. 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 of 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 seven. 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 ruined 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 walmart 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 walmart 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 kara 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 began 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 are 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 did 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 those security concerns as you mentioned and that uses very similar technologies so in 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 in the tossers show great for you to cover this for us and we really appreciate you joining us from our los angeles bureau thanks natasha thank you. and that's it for this time thank you 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 channel one thirty two where as always you can catch us at youtube dot com pleasure boom bust r.t. so long for now see you next time. make this manufacture consent to step into the public well. when the ruling

classes protect themselves. with the flaming. lips and be the one percent. in the middle of the room sick. you know world's big partners who mock and conspiracy it's time to wake up to dig deeper to hit the stories that mainstream media refuses to tell more than ever we need to be smart we need to stop slamming the door on the bats and shouting past each other it's time for critical thinking it's time to fight for the middle for the truth the time is now for watching closely for watching the

hawks. as it approaches you know my back want to know what it is understood i like . ask but i. get. there so i don't hide oh alaska's boss because i just begun. we. then he. doesn't but that's honest. so i says you know you're not. you know just i mean what i'm already but it was sped up out of me. i mean. there's been up as i must. get. my body and we've got a bomb i just got that already and yes it will be and he thought a good thing i think with you.

at any. rate would be at. least. one of the. u.k. prime minister faces a vote of no confidence the day after she suffered think big ifs poly venture defeated british history both sides of the break to debate. against a deal that's the scene right now in the case houses of parliament.