and as the numbers of days get smaller so too do the chances of a good deal plan for the u.k. the c.e.o. of strong mark henry ford which is standing by to break it all down and after u.s. economic sanctions were imposed upon iran iran is following its venezuela's footsteps by establishing its own currency but will it go the way of the petrol r.t. producers saya to have in your brings us to the latest plus last time on the program we brought you the top line earnings numbers from disney and now will do a does the deep dive and take a look at a few other companies with adam mesh of adam they're trading groups and later a saudi shakedown appears to be in the works conservative t.v. and radio commentator steve malzberg helps us understand what's going on or going wrong in the monarchy all that directly ahead but first let's get some headlines let's go. global energy politics lead to a global report today as opec the organization of the petroleum exporting countries moves to formalize they d.

facto alliance with russia the secretary general of opec mohamed keno is reportedly eager to extend its strength and strengthen the so-called opec plus arrangement which we've discussed in the past under the agreement opec effectively manages global oil supply in consultation with russia with saudi arabia in a leading position within opec saudi searching sway within opec was among the factors that recently led to qatar to leave the group now the idea seems to have grown to include nine other non opec energy producing nations in addition to russia the proposed though why it's reportedly will be on the table at a meeting in mid february and holds the possibility restoring some of opec's waning influence over prices which have been sinking in a global oil glut. and turning to the united kingdom online grocer a condo is warning that a massive fire at a warehouse in andover will seriously impact sales the site how's. ten percent of

ten percent of a cut of inventory and that supply as well as the robotics and the facility built in it's cost of fifty eight million dollars reportedly have been lost the chief officer at the hampshire fire department told reporters it may be a week before it's even safe to walk amongst the ashes of what remains and as we reported the grocer sector is tacking up to capture online sales and experimenting with robotic deliveries and ocado which has no physical stores has been voted best u.k. online supermarket overall while insurance companies will pay for the financial losses o'connell's loss of the latest technology seems to leave them somewhat flat footed for the time while the sector changes rapidly company stock fell as much as seven percent on the news. with fifty one days on the bretts countdown clock it's time to check in on where things stand to do so we are once again most pleased to be joined by live get this i'm going to tell you about something that special this

is a person who is nestle u.s. citizen and a u.k. citizen we are so pleased to be joined by the c.e.o. of straw mark hillary florida which hillary thanks for being with us we sure appreciate it thank you so last we spoke things were in a hot mess over there but it continues my question to you with one where we are where are we some of the things we've talked about in the past have been resolved but where are we have what are the sticking points at this time in this place and time and that she mentioned haut sticking point you just mentioned the story about the fire going on and. they just seem to have relatives and very different by the reason the five set back that building was built for votes no humans can get it so the farmer had to take the roof off you see and that's where they think that exacerbated the flames and they're going to be as you a whole segment on a very interested they actually you know you're breaking new roads are being closed down that have been diverted but anyway so. with regard to bracks it's a few

a few developments today theresa may is in northern ireland she's trying to obviously resolve this and that's the backstop issue what is actually amazing that it's become such an issue is that technology could solve all this and the way i've explained it to the american audiences it's like the easy pass lanes why it can't be solved by technology is absolutely amazing explain that i mean it has to do with the hard border and whether or not there is an open access to the e.u. or not but let's lay it out we've done it before but it's important to recap do it for a boom bust right for a boom bust as if you look at the geography and northern ireland northern ireland is part of the u.k. southern ireland isn't of the troubles that occurred before the peace agreement in the eighty's that was all during usually good friday agreement was due to obviously part of the border the religious conflicts etc but this border presents an obstacle because nobody wants to have a hard border it must be seamless it must be an invisible border it must be like when you're driving down a highway anywhere in the world and the toll is taken automatically from e.z.

pass that is what the objective is and that is what the sticking point is interesting the germans are saying that they want to be creative with regard to that backstop whereas obviously there are other people like the e.u. tusk is saying that he will only he will hold exactly a make no concessions so theresa may has said that by february thirteenth she will come back with another deal another agreement but the e.u. is saying no concessions so it looks like on february fourteenth there will be a debate in parliament after she brings back this new agreement you asked about developments some developments business wise the chairman of the air bus has said that he will be removing all of the air bus employees a lot of japanese companies interesting lee sony panasonic they innocent have said that they will be leaving the u.k. are many of them going to amsterdam some of them leaving i think it sony is in weybridge and others are in bracknell and they're going to the netherlands there's a story we're not doing it today would be good. to it later in the week. a good

green bonds being sold in luxembourg and one of the places they're looking for money is chinese investors who were in the u.k. and are now looking to move someplace else that's the nurses story we cover to get at hillary ford which is that well right now i just end up a positive note at the end of a police have that is and that is that reuters came out and said that there actually have only been one thousand nine hundred eighty six financial jobs moved out of the financial center of london whereas the prediction had been absolutely dire up to two hundred thousand there were four hundred thousand jobs in the financial service sector in london the city of london so i think that's good news we'll cross our fingers and we preach. and we appreciate you being positive hill reporter that's mark thank you as always bot. i. we've discussed some of the various ways that nations and companies and considered and runs around those u.s.

economic sanctions on iran which will be imposed late last year in november i believe and you may recall the special purpose vehicle the s.p.v. being effort did by the european union to allow companies to essentially get around those sanctions well now there's another potential way with more we turn to our two producers saya to have injury. bardwell iran's love hate relationship with cryptic currencies has climax in the creation of yet another natural cryptic currency the payment iran's initial mainstream crypto was replaced with a ban by their government only to realize later the potential of the technology to tackle the sanctions imposed on the country u.s. led sanctions have nearly crippled iran financially which has which was exploiting roughly two point one million barrels of oil around twenty twenty twelve and now down to less than one point two million barrels per day in twenty eighteen and even less now so what's really what's really important to point out here bart is that

due to sanctions no matter how much oil iran is producing exploiting they still need to get paid which has pushed iran to launch their own digital currency now ok memories hazy hazy there are thousands of crypt those out there so i but iran has tried something like this before well iran has tried something like this before but what's really important to do a comparison is venezuela which has done something very similar now similar to venezuela where they're cryptocurrency petro was launched in two thousand and eighteen and the both the boat the reason the both countries decided to launch the digital currency is exactly the same an effort to. break free from u.s. sanctions pushing both or oil rich countries into crumblin inflation but bar there is also a few subtle differences between the cryptic currencies while petro is backed by oil the payment is bad picture is backed by all the payment is actually backed by

gold and whereas petro was primarily for the public sector they pay mon is going to be served for the public and the private sector so there you have lots of similarities and also on like petrol which was meant to replace the fee and go in the hands of the citizens immediately he wants payment is going to be released in phases with the primary function being a cost border payment system now here is an overview of the payment pay one was originally unveiled as a collaborative effort between cooke knows which is the iranian startup focus on tokenization of assets and for banks which is the parsi on bank bank god paying many iran and pags and bank met a lot and now one billion digital tokens will be issued initially and then the iranian bank is going to distribute their payment to all iranian citizens in the next phase and now the primary focus of launching the payment is to handle the

cross border payments by bypassing the international payment system swift which connects more than eleven thousand banks financial institutions and corporations in more than two hundred countries and territories around the world now board think that swift as the central nervous system of the international financial transactions when the country's banks are cut off from swift it cannot pay for imports and exports and also can't receive payments for imports and exports two things one is just a common and i love your charge there because if i were looking and i've looked at a lot of these white papers for crypto assets etc and if i were looking at it it was in iran i think will they have their stuff together so it looks pretty organize . i mean who knows what'll happen but this swift component is really key and the u.s. always acts like they're the eight hundred pound gorilla what happened when they were cut off from swift and twenty twelve well in two thousand and twelve agreed not to forward messages to any iranian bank or individual that's been blacklisted

by the e.u. as a result iran's oil exports plunged from around two point five million barrels per day to around one about one billion barrels a day in two thousand and fourteen now in two thousand and twelve ban was widely seen as the instrument in bringing iran to the negotiating table which led to the twenty fifteen iranian nuclear deal but then again swift has again removed iranian banks after the reimposition of the u.s. sanctions in twenty eighteen which is now in iran is in talks with other countries like switzerland south africa france united kingdom russia austria germany and bosnia to in adapting the payment for a cross-country border payments but u.s. lawmakers immediately barred introduced a bill blocking iran illicit finance act in the us congress last month and the act in the h.r. seven three two one actually says to impose sanctions with respect to iranian

friend natural institutions and the development and use of iranian digital currencies and for other purposes however this hasn't stopped iran from developing or issuing a digital currency so i to have enjoyed that super interesting thank you so much great reporting appreciate it siah. and turning to the increasing economic effects of climate change the national oceanic and atmospheric administration or noah here in the united states today released their findings that extreme weather events cost the u.s. economy ninety one billion dollars in damages and twenty eight thousand alone perhaps most alarming is no as listing a fourteen separate two thousand and eighteen u.s. disasters with more than a billion dollars in record economic losses from one nine hundred eighty to two thousand and thirteen the u.s. averaged just over six annual billion dollar disasters since then the average has doubled to twelve per year and another sign of the power of extreme weather events

that are becoming more frequent and powerful due to human caused climate change no one says just three events the wildfire season hurricane michael and hurricane florence accounted for seventy three billion dollars of the ninety one billion dollars total losses last year meanwhile president donald trump a climate a climate change denier gave his state of the union speech last night to congress and did not mention a single word about what many say is the most pressing environmental challenge in human history. and as we take a pause for the promotional cause there is breaking news today that u.s. secretary of treasury stephen new should has said he will travel to beijing next week for continued trade negotiations the secretary appeared moderately optimistic about progress so far and noted the deal being discussed is comprehensive in nature and nature we wish the secretary much luck and stick with us because when we return we do a disney deep dive and take a look at a few other companies with adam ash of the atom ash trading group plus the saudi shakedown appears to be taking place conservative t.v.

and radio commentator steve walter to help us understand what's going on or perhaps it's what's going wrong as we go to break here the numbers at the closing bell already arrows on the big board today we'll be right back. you know if putin said suddenly that oh and we recognize nancy pelosi has the president i stay say we're not going to talk with donald trump the world of you know how arranged but of course the u.s. has a stereo exceptionalism and that no law applies to them and so they can do whatever they want but by essential banks buying gold as they are they are now coming to the conclusion that america has lost its mind and then when they run out of gold to buy

i guarantee you they're going to start fishing out of that hot market. system must execute. any. action or anything else. and there's no one she knew not. all of them ok if who. was not going to match the net in a. battle they only. get large that of the mother to be. the one that having. given the people. who give the name not. what the how do we. know jane need the whole gone.

why do men not let out not only son i think. welcome back on yesterday's broadcast we got the breaking business numbers on the walt disney company and we promised to do a deeper dive we do that now and more without a measure of adam ashtray hey adam thank you so much for being with us again it's so great to see you always you're so insightful on these things and we're going to talk later if we have time about one of your favorites pay-pal but first i want to get your take on disney disney got a bump to about one hundred thirteen bucks per share on the report which we told

the blue busters about last night them beating expectations but they've since lost a couple of bucks since then what do you make of the report in the company overall adam. great to be here the most pressing news on disney was they're going full speed ahead with this new cluster streaming service so they're going to be pulling their content away from competitors like netflix which will cost them hundreds of millions of dollars and then creating new original content such as and the vendors series and the new star wars spin off series but these things cost a lot of money so they're giving up profits to spend their money it's a big risk and we'll see if it pays off interest they will keep watch and there's such a big eight hundred pound gorilla themselves speaking of those sorts of things let's move to the gaming sector it's not one we look at all the time but it's still important to watch electronic arts people know them as a california based video game company which remains the second largest such company

in the world took a dip after they announced a less than stellar earnings report and take two interactive which owns grand theft auto and took a hit i think there was a chart there is we may be able to bring up an hour a little bit later what do you make of these gaming titans does it look like they're going to need a power up to get out of this situation i have one word for this gaming and it's fortnight where free video games they could be the new trend and it puts all these franchise games that they depend so much on in jeopardy it's a big change in the landscape that's been happening for a while but we've seen a company like game stop when they went from brick and mortar games to streaming was never able to rebound it's been falling ever since so these game makers could be in trouble for a while until they find an answer for a rock stars like fortnight which is the free game model and so this is these are

not places where you think investors should be putting any dough. i wouldn't you know ok now let's get on to one of your favorites there's a fight there between pay pal and amazon pay and pay pal seems to be doing all right as we've talked about but they got downgraded by guggenheim even though i was looking because you're on the show i was looking at their charts adam and it's like i think everything but maybe the last week they're up you look at you look at the five day you look at the month you look at your today you look at six month look at year you look five you look at the macs pay pal up up up up up so they have those little what do you make of it and do you think they're going to be pulling forward like they've continued to do yeah as you see it pay pal has been a rock star for quite some time i haven't stopped talking about it but amazon pay is a viable competitor and right now they only have four percent of the top three tellers

outside of amazon and pay pal is eighty two percent so it's not an imminent threat but nobody has ever made a living betting against amazon and i wouldn't start now that's the one name you don't want to hear coming into your space and when you hear it it's a scared so i think fine if i own that i won't sell but i also want to buy more verses you gotta watch out for amazon because they're amazon. thank you so much adam as of adam measure trading group really great to see you think as always for your always if i have to say that. and the beat goes on in the music business and back in time as some artist from the ages before the internet or even m.t.v. asked your parents about m.t.v. if you don't know it was way cool for a minute but the older artists from back in the day are going to court to demand a new deal on royalties five artists have filed a class action lawsuit against sony music entertainment and universal seeking to

terminate the music labels copyrights on work release more than thirty five years ago the artists cited section two zero three of the us copyright act which their lawyers say gives them a second chance to profit from their work and recover some very bad and perhaps exploitive terms from their initial dealings which the music labels had a court finding in support of the reading of section two and three would set a new precedent and open the door for many other artists to recover rights and recoup profits will keep an open ear on this story. and we recently told you about a new saudi initiative announced by crown prince mohammed bin solomon m.b.'s and infrastructure plan dependent upon four hundred twenty seven billion dollars of investment from foreign service sources we discussed some of the initial issues that may cause companies to think twice about making an investment you know killing

people and that now comes word that the government has collected assets worth more than one hundred million dollars from get this the richest and most powerful people in the kingdom who prince m.b.a.'s has rounded up and locked away back in twenty seventeen as part of his crackdown on purported corruption here with more on who was held and how long and what impact all of this might have on m.b.'s as modernization attempt is our friend steve malzberg hey steve thank you so much for being with us so remind us take us back in the time machine for what happened to these folks back in twenty seventeen and how do we find out about these assets being seized or shook and down from the folks. well here's what happened good to good to be i loved your introduction yeah there's problems there back in twenty seventeen prince had been solomon wanted to many feel consolidate his power make sure that rivals weren't a threat to him and cetera they formed an anti government corruption committee and

once they did that they proceeded early november i think it was november fourth of seventeen they rounded up people they started the eight princes they had government ministers businesspeople rounded up eventual a five hundred people they were kept at the ritz carlton in riyadh they evacuated the hotel turned it into a holding facility or prison if you will and from eighty seven of these prisoners and people that were rounded up the same commission the anti-government corruption commission just announced the end of last month that they're closing down shop they've accomplished their goal they've got one hundred seven million dollars from eighty seven of the people and they're all happy but you know this is the kind of shakedown this is the kind of human rights violations many say that jamal khashoggi actually wrote about he wrote about the rounding up of people in one of the columns that he wrote before he himself was killed for allegedly you know for writing about these kinds of things so this isn't going to sit well and this is just another dark

chapter in what appears to be m.b.'s is a consolidation of power and meanwhile we keep reporting that some banks and other investors continue to put money into the saudi kingdom i guess you know profits above you know morale and morals and everything else how much money has been whatever seized it's not get out of jail free how much of money has been taken by the monarchy right well one hundred seven million know in cash in property in business parts of business is but let's let's look at who are the richest people in in the country the richest person in the country is prince. we'd been. and he coughed up willingly or unwillingly four billion dollars he was the biggest victim of this and now all he has left is about fifteen billion and he stayed in prison there at the hotel for eighty three days and he signed one of these you know

agreements which is kind of like an admission of guilt or a plea bargain it's unclear but he signed that agreement the second richest person in the country is that i want i want to get the name straight is muhammad how do you we know he's a big businessman he owns the biggest fuel company in switzerland he coughed up one point four billion dollars of his fortune he now cannot leave the country and he's awaiting trial on corruption of bribery charges so it's not just that get paid and you're totally out of jail free and off the hook and his case for instance he still could wind up back in a real prison and that would be a good thing not the ritz and certainly i just can't imagine this news is good for the infrastructure plan or for anything else for m.b.a.'s or the government and conservative commentator and our friend steve malzberg thank you see appreciate it thank you barr. and we mentioned last night's state of the union address here in

passing a president trump spoke to congress for over an hour according to washington post fact checkers he misspoke more than thirty times and what we don't care to slice and dice the words of the president's we do take note when there are important numbers involved and there were last night for example he said quote we have created five point three million jobs and importantly added six hundred thousand new manufacturing jobs the truth according to the bureau of labor statistics it's four point nine million jobs not five point three and of the four point nine million jobs four hundred thirty six thousand are in manufacturing not six hundred thousand and he also said this. and we are considered far away the hottest economy anywhere in the world not even close to it well the u.s. economy grew at three point four percent in the third quarter the highest quarter we've ever had has been four percent during the administration the top of

ministration but boom busters know that china is growing at a reported six point nine percent maybe it's not exactly six point nine but it's not for it's way above six and india has posted a six point six percent rate and there's many other countries that have that sort of higher rate so is the u.s. the economy the hottest out there suffice it to say not true mr president the numbers do matter. and that's it for this time thanks for being with us you can catch boom bust on you tube dot com play well last r.t. see you next time for long for now. this is a sticker from the water bottle found in the stomach of a fish the brand is part of the coca-cola company which sells millions of bottles of soda every day the idea was that let's tell consumers there are the bad ones

there the litter bugs are throwing this away industry should be blamed for all this waste the company has long promised to reuse the plastic. soon. as soon as. their plastic. on my end i need to stay on your own that special projects funding me. on i knew that that is the end of it for the city but for now the mountains of moist only grow higher. church and people revolted against mubarak to have another political system that's . a social justice. and the specter of human dignity and so on but if you look at what is going on in egypt right now most of the people have the feeling that. it was even better during. mubarak could you know

they don't feel any i mean your question of the situation. no a good armor are right for the for there are rather democrats that are before fourth down to carry them out. i'm going to let them but i don't catch them then you can there and keep an eye on what i have floozie china for truffle that it will never tell. me what then i want my machine little side of. the thing the only and mind the. number seven on the hay from the innocent doing.

good its whole fool plus choice the i knew you didn't pay i think the time in syria is said. for the shiites. from my last farthing live in africa will fuck around with mr hates it for jim and lawyer for hope that our family in the courts. if the money. the. president from from the city is a complete victory over islamic state in syria but next week as well pows gather in washington to talk counter terror tactics also the headlines today russia and united states ramp up their ballistic missile testing fully.