lova helps us look at the particulars of a team's pipeline from russia to china plus with only thirty days until breakfast what happens with u.k. training agreements if there's no deal or delay the c.e.o. strome are still record which joins us to discuss and later do you want to leave the c.e.o. of the next change group joins us to talk about the upcoming twenty nineteen hong kong walking copper and why hong kong is a washington hub all that directly ahead but first we had some headlines let's go. conflict in south asia leads our globe report today is the indian air force attacks targets in pakistan two weeks after a suicide bomber hit an indian military convoy and that is disputed territory of kashmir a longstanding flashpoint between the two nuclear armed nations earlier today pakistani officials said their defense forces had shot down two indian planes in kashmir and captured both pilot pakistan civil aviation authority and their counterparts at the airport authority of india have now halted all flights between

the two countries and placed a moratorium on all civil aviation along the border of kashmir pakistani prime minister imran khan warned in a national television address quote all big wars have been due to miscalculation my question to india is that given all the weapons we have can we afford miscalculation with mr khan being a newcomer to politics and indian prime minister narendra modi's mind like that on may elections many are concerned the situation could escalate let's hope not. and jump into southeast asia there is news from vietnam where u.s. president donald trump has signed a set of trade deals with vietnam worth a total of twenty billion dollars for stakeholders including good boeing made jets and two hundred fifteen aircraft engines by the vietnamese airline the jet president trump in hanoi for his summit with north korean leader kim jong un mr trump tried to get a momentum for the talk for. on the success in vietnam by citing the deals as

examples examples of economic future that if open to north korea they could read if they renounce their nuclear weapons programs and in other big boeing news from neighboring oceana the company announced today that they will begin manufacturing a so-called loyal wing man it's a drone equipped with artificial intelligence ai in australia. and in corporate governments news boeing has nominated get this former u.n. ambassador to the united nations nikki haley to its board she was a governor in south carolina then with the tropics ministration now go into the airline manufacture her nomination will be confirmed that annual shareholder meeting and april april twenty ninth that is. and speaking of asia and international trade the u.s. trade representative robert litan eiser is laboring to lend a deal to remake us china trade relations we've told you about that before investor light eyes or has been struggling to translate pledges actual pledges from his

chinese counterparts into an agreement into real meaningful language as well as a so-called memorandum of understanding or an m o u the issue surfaced in a remarkable on camera exchange between mr light hisor and president trump in which mr trump disparaged the very m.-o. use that mr ly has or was trying to finalize earlier today mr light hisor testified before congress about the status of the trade talks and stressed the need for provisions that would be measurable enforceable take a listen we have engaged in a very intense extremely serious and very specific negotiation with china on crucial structural issues for several months now we are making real progress if we can complete this effort and again i say if and can reach a satisfactory solution to all to the all important outstanding issue of enforceability as well as some other concerns we might be able to have an agreement

that helps us turn the corner in our economic relationship with china. gas problem the large russian energy company focused on natural gas has had a strong beginning to the year look at that chart there they've just announced a major pipeline to china and it's nearly complete ninety nine percent they say it's double the power of siberia deliveries worked. spec to begin as early as december of this year are to use only a shop of all over give us the details from moscow. in mid february gas prom c.e.o. alexei miller announced the company would begin gas deliveries to china via the power of siberia pipeline ahead of shad it should happen as early as december first twenty eight nineteen the pipelines completion is about gas from top priorities this year alone the company is planning to invest two point twenty four billion dollars in the project the power of siberia line is said to deliver thirty eight billion cubic meters of russian natural gas to china annually in may twenty fourth

gas form and the china national petroleum corporation c n p c's sealed a session get agreement for gas supplies via the power of siberia pipeline the russian section of the pipeline runs through three russian regions from gas production centers in get here as well as in the new regions to china's border construction and chinese territory started in april twenty seven thousand and is nearing completion gas from also plans to conduct tests along the entire one thousand eight hundred sixty five miles pipeline by december the company will also invest four point eight billion dollars into the and more gas processing plant which is expected to take gas from the air crews and production centers as part of the eastern gas program gascón intends to become china's biggest supplier making up more than twenty five percent of gas imports by twenty thirty five to satisfy the country's growing demand for natural gas china is the world's second largest buyer of natural gas the countries in the middle of most of switch from coal fired to gas

fired heating in millions of homes our city. and we now take a look at some companies in the news today to help us out we are pleased to be joined again by the c. or b. . adam mesh trading group himself adam f. hey adam a great to see you all we always love having you on the program let's take a look at the home improvement chains first both home depot and lowe's have reported earnings for the fourth quarter in both of head overall down year year over year that is last year but let's take them all wanted to time starting with the largest one home depot which is primarily in the u.s. but also like lowe's in canada and mexico home depot didn't meet the expectations and i found it super strange adam that they blamed of all things the weather on their down performance what are your thoughts. ninety percent of home depot sales

are in the u.s. and we did have a historic cold front a polar vortex if you will so it's somewhat credible in the analysts believe them as well across the board we've there saw analysts maintain their ratings or increase their ratings and on the heels of a thirty two percent dividend spike and a fifteen billion dollars stock buyback home depot is looking good. and the only reason that i was a little incredulous about the the weather is that i get the polar vortex and everything but you know we always talk about how the numbers matter here right and and looking at some of these housing numbers you know looks like housing is slowing people have a lot of equity in their homes but it appears are not taking that equity out of their homes and putting it into home improvement so they're not going to a home depots. or a lowe's and let's talk a little bit about lowe's they reported earnings today and got a bump in the stock with some better than expected numbers loss' trailed home depot

for years but maybe this is a turning point for them what do you think. i think it is a turning point i agree with you halfway through two thousand and eighteen marvin ellison took over as c.e.o. and he said we want to go after home depot lowes this is story known for working with the individual consumer and home depot specializes in contractors lowe's is going after the contractors they've they've higher number of software programmers and opened a lot of in-store a lot of pop up facilities to help the in-store experience so they're aggressively going after the contractors and it seems to be working so i think lowe's is on the move very interesting that they're going after that same sort of market as opposed to just the consumers but the contractors and there is a big difference when you think about the store's right to mean one really seems geared towards contractor home depot does but very interesting thing i like an

aggressive c.e.o. yeah i actually had aggressive c.e.o. that excites me yeah i'm with you let's move to another company that sort of trouble recently that's a global industrial company caterpillar they've also reported they were downgraded by u.b.s. caterpillar that is doc took a hit on the report and are still down about twenty dollars per share a year over year what do you make of the company generally specially in light of the ongoing trade war with china we just talked about that a little bit before you guys got on what do you think about caterpillar atom. the downgrade by u.b.s. was significant because they didn't go from buy to neutral they went from buy to sell so they skipped over and went all the way down grade write exactly a double downgraded whenever an analyst does that you want to pay attention because that's a strong statement and if you see other analysts start to follow that because that was only one out of eighteen the cover the stock the rest are to follow that could be more bad news for caterpillar and i think in terms of china toffs there's no

quick solve i think it's going to be a long played out process which could serve as an anchor for caterpillar stock and some of suggested that caterpillar and i guess or some other like this but i think a john deere for example i love john john deere from moline illinois but some this time you caterpillar because of the little board global than john deere sort of a proxy for global growth if you will do you think that's the case or does that not make any sense to you now that makes a lot of sense to me when you think caterpillar you think trucks tractors growth and so when caterpillar slows that's a reflection of overall growth now in the last you started to see that the stock was being hurt by competition that maybe their competitors that were taking market share that wouldn't measured as well but what we're seeing right now caterpillar is a lead indicator of growth and when the number one company struggles it is

a reflection of something on a larger scale you know ok good glad to get your take on that i want to shift to a different sector to electronics best buy has had their best day since twenty seventeen as the electronics retailer reported better than expected q four results they are still off year over year by about eleven bucks eleven dollars but have made up about eight dollars in share price already this year from recent lows around christmas time what's your take on best buy and i'm. best buys an exciting story they had a great day today there boosting their dividend they're increasing their buybacks but there's a bigger story here that we could all learn from and they're benefiting from the fortnight experience people are going in and they're buying sesar ease my son uses the headpieces to speak to his friends when he's playing and they get that at bed at best buy but best buy is competing with amazon it used to be that people go into best buy and then get

a better price on amazon now best buy is price matching what people are seeing on amazon and they get the handholding of an in-store customer experience so best buy represents hope in the fight against amazon in that they're able to survive and thrive in an environment where i am isn't usually dominates everyone so i think best buy is painting a blueprint for success for other companies prasoon than other industries on how to defend against amazon oh what we always love having you or what a great insight that is holding to try to beat amazon compete on price and then try to do the customer experience really fascinating added mash of the ad america training group thanks as always and appreciate it. love being here. and time now for a quick break way to hang here because when we return with only thirty days until breakfast what happens if the u.k. trade agreements all go away the c.e.o. of straw mark hill record which joins us to discuss plus

a twenty nine thousand hong kong walk ten conferences next week and we'll be there it's sponsored by the next change group and today we have with us from our own kong the c.e.o. of the next change group who won louis tell us about why hong kong is a chainsaw as we go to break here the numbers at the closing bell will be back in a flash. forward to return to the unrestrained nuclear competition of the cold war was the plea made by the u.n. secretary general this week with the u.s.

pulling out of the i.n.f. treaty and russia rolling out new nuclear weaponry should we be moot worried about the weapons themselves or the people who have the codes. warren buffett you know these doing the stock buybacks which is you know used to be illegal coal recently that's completely fraudulent and yes no governments are oversight whatsoever you know he's a more the more of the biggest are the biggest shareholder of wells fargo for example during that period when they were engaged in serial criminality when they were engaged in absolute fraud and he's a party to that so. here's a guy who given unlimited credit at zero percent and is exempt from the rule of law still can't seem to make money for his shareholders which is. what his do before he came here where did you work before you came here when you

live well death row in many us states capital punishment is still practiced convicted prisoners can spend years waiting for execution but most of the time to victims' families they are very much in favor of the death penalty there are some people because of what they do have given up the right to live among us some even proven innocent years on death row and i'm more exonerations is it going to take before we as a society realize that this is not working and we actually do something about. welcome back turning to labor news we noted this briefly last time on the program as it was breaking news the united auto workers union has sued general motors over the company's decision to close plants in the states of ohio michigan and maryland

the suit claims the closures violated the contract the union negotiated with g.m. meanwhile seventeen hundred workers in erie pennsylvania have gone on strike at the former railroad division of general electric after the subsidiary was sold to the web tech corporation the united electric union representing the workers web tech is exploiting the transition to try and impose a peco and mandatory overtime one union rank and file or said workers are ready to strike for as long as it takes to push back on the pay cuts. and turning to the enforcement beat a major federal investigation in the u.s. has been closed quote without any charges being filed investigators that u.s. department of justice scrutinize shipping firms. ripping firms including the well known for america of denmark the mediterranean shipping company or m.s.c. based in switzerland and germany's epic loyd on suspension of antitrust violations in relation to cost cutting industry practices of pooled sailing schedules and

ports calls despite concerns that such practices could reduce competition and raise prices the justice department is close the file according m.s.c. which side of the move is exonerating the company and the industry as a whole. and turns it into only there is one more slow down sign to report as the country enters what we've told you about a recession and unfortunately italy's national statistics office released figures that show the business morale index the business the morale index who knew there was such a thing falling in february to its lowest level since two thousand and fifteen italian manufacturing confidence in the survey fell to one hundred one point seven down from one hundred two in january and consumer confidence we knew about that one also followed the downward trend. and with out a delay there's only a month to go thirty days only until brecht's the day we look at how the u.k. will continue trading relations post breck's it the u.k. is automatically a part of roughly forty such trade agreements as a member of the e.u. once they leave the e.u.

will those all simply go poof and be gone here to lend us her expertise as a c.e.o. marco we're porch greeting nice to see you again so what do you make of this i assume that the brits. in the u.k. aren't just saying yeah we'll let them go they must be doing something but explain the label and for us yes i've said it bought a few things on first of all something that hasn't received a lot of headlines or the other agreements that have been made i did mention previously of course that the queen met with the swiss that was that took place last year back in december one thousand billion dollars trade agreement and also the agreement to trade great you know great. but also the australians have said that day one of bret's that they're ready ready to open up the floodgates with trade and. fortunately the u.s. has just signed an agreement with an ambassador kim not in terms of regulation in the telecommunications industry i think that's the beginning of seeing of the opening of the doors here in the u.s. but importantly remember that the u.k. trades to non e.u.

nations across the world and that deficit is lower than that with e.u. nations so it is fortuitous to have fewer i mean to have not have attacked the competition and that's what the e.u. of course is afraid of is so so that to some extent you could say assuming they had all these trading reach agreements with others outside of it you that maybe that might help the u.k. to not have to not be in with the e.u. yet because also these external nations are saying look we don't want to have to have something ratified by twenty seven other nations they'd much rather go to one i'm interesting which is just yesterday of learning things by the way and i hadn't heard that one that was super interesting go out of the room you know and then yesterday on the w t o just finalized an agreement with the u.k. in terms of the government procurement. opportunities that the u.k. canal still bid with the w t o including nations under that agreement so that's very important that's government procurement which is worth trillions to the u.k. economy. so we talked about you mention the trade deficit is less outside of the

e.u. you know new nations who are their largest trading partners of the us a big one outside of the it is the u.s. and china yes us and china are the top two within the e.u. e.u. it's germany from the netherlands is very high up there too so. we sort of saw this coming earlier this week you know i mean there's been talk about delays and then it was sort of floated from the use we had except the delay if you have problems over there and i think she was egypt he said no no no and then jeremy corbyn said well you know if you really had to you could do it and then yesterday ms may said well maybe so what do you think's going to happen look into your crystal ball is going to be a delay or are we really thirty days away it's going to happen i think the majority do want to delay you know what is that cooper is trying to do and they're all the majority wants to go with the hardline bret's it is

a holding steady but i think that her main as they getting more and more confident that they're going to be on the haven't had a delay yes i would say that looking in the crystal ball i would say a delay is likely and if we're talking about like a two month delay it really talking about like a year i think initially it's going to be two months i think it's going to be like most politicians do across the world it's kicking the can down the road a little bit and what do you think this means for domestic politics with jeremy korb and theresa may i mean boy a while ago you thought the prime minister might be out but maybe she made it through that no confidence vote yes if there weren't enough of the. blocks it is that there weren't enough hard liners because they said jeremy culpa nobody wants a socialist government to some extent nobody could go to some extent is there a little bit of a role reversal between theresa may in germany corben here because of course now we're now politics away happens right absolutely crazy nutty stuff thank you so much hillary for to do your straw mark super insightful thank you gosh.

we've noted a few times in the past couple weeks that we are taking the show to hong kong to the two thousand and nine hundred block trade conference sponsored by the next change group well today we are pleased to be joined by the c.e.o. of the next change group jawan li who comes to us from hong kong and you want thanks for taking the time to be with us i know you are busy planning for the event which takes place march fourth through the eight even though this event is in hong kong people from all over the world come right tell us about it. sure well thanks for having me back on the show part this event will be a global event we have people from all around the world coming fifty plus countries three thousand delegates and we have about one hundred seventy five speakers so this is definitely a global event everything there we think that generally happens a block chain is very global. i know because you know i've been there with you in

hong kong before and at meetings just in my former roles but hong kong really has become quite the block chain and crypto hobb the bit main exchanges there are told the boom busters about that and why you think that's the case in hong kong. well think about what the next generation of blog chain is going to be about it's really about execution it's really about enterprises and a lot of the actual execution is taking place with the banks there's one hundred fifty plus banks in hong kong it's a highly regulated market and as we see what's happening is that the banks are the ones that are actually utilizing and executing block change so this is very important for the next generation we believe that hong kong is well positioned because hong kong actually has customers that will use block change also what we see is a regulatory change that's taken place we've seen a trend that are now starting to. it warmed up in hong kong looking at it as

a regulated. environment and then we'll see a transition to that and we believe hong kong is well positioned for this the last thing i want to ask you about is there are some research labs there to block chain research labs i hadn't known until i was reading some of the stuff that you had written tell us about that. well i mean there's a number of different research labs i think the one that i would highlight the most is the one that sponsored by the government it's called asterisk they have been around for many years and they really have embraced block change they have written white papers on this they've been working in collaboration with h k m a on the next generation of what's going to be implemented and this research lab is not just about writing white papers they have been working closely with h.k. man now h.k. may has developed a trade finance program that trade finance program is a collaboration with we trade and it's now going to be developed so that we have

collaboration as thing said the last thing was the last thing but this is the last thing really do you want i mean what are you looking forward to at the event you always have some great people and some great events the collateral of that's next to the conference we're looking forward to this year. well you know think about it is we're in a bear market and it's been very difficult for many in the community but what we really need to start to think about is the next transition which is the actual use cases a blog chain and people are going to start to see where the actual research and money that was raised is going to be used i think that's very important the other aspect is about community the blogs and community is a very important part of how the ecosystem grows we have sixteen plus events now that are just side events so this is a not just the event that we're throwing it is a community event and i'm looking forward to the various different events. taking

place outside of our own event me too i can't wait to get to hong kong i can't wait to bring it to the boom busters from there and i can't wait to see you my friend you want to leave the c.e.o. of the next change group congratulations i will see you next week john thank you. and we are looking forward to being there what we're going to do by the way is will have interviews from hong kong every day it will be on block chain they'll be on crypto and some other things to refer to the hong kong monetary authority that h.k. m.a. will interview with with them it'll be a lot of fun we'll have some of our favorite people that maybe you've seen before two on the program plus we'll have day of headlines of course so you'll get all the news around the world and that's it for this time you can catch boom bust on direct t.v. channel three twenty one different network channel two a they are streaming twenty four seven on pluto t.v. of course the channel one thirty two ers always hit us up at you tube dot com slash boom bust r.t. so long for now.

country is going into a nihilistic fever that's what i think and gonna. get out there traveling across america what makes america the charlatans the genie's place the south american hero this is it we've come to a point from which allen is going to say we always are on the bridge to sell this. house or for you. we're starting last with is going to headed east into the swamp we're going into the belly of the bee and i think i want to leave now doesn't get any more ground of the baby please if this. was. my job for. sixteen

metal. isis fighters. boarding a filipino naval ship. but not for me ned. ninety dollars. us still don't know who watch waiting for them. to do so and i do not wish to see. a man on the plane.

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in the headlines today the second kim's summit ends abruptly in the last few hours in annoying with no deal reached the sides failed to find common ground on sanctions and. facebook's accused of censoring conservative voices of whistle blowers revealed the social media giant suppresses content and limits exposure. from former lawyer in the news he's admitting he has no evidence of russian collusion after being grilled in congress members accusing me of being a liar. how on earth is this witness credible he's a fake witness present.