on the world's most populous continent twice as technology barrels full steam ahead so to finance on the arse lena peet of u.c. helps us analyze the future of ten sec. and finally trade tensions are causing some people's bank accounts to take a beating and now it's causing troubles related to trash all the varos is standing by to discuss why some american cities are burning their recycling all of that directly ahead but first we had some headlines let's go. a remarkable reversal on the issue of illicit international money flows leads our global report today as the european commission blocks the blacklisting a saudi arabia and four u.s. territories in the fight against financial crime as we reported here the european commission previously recommended that twenty three countries and territories including saudi arabia and for unincorporated territories of the united states be added to the european union's list of areas where not enough is being done to prevent money laundering and alyssa transfers but the commission was handed

a staggering defeat on thursday night as representatives of twenty seven of twenty eight e.u. nations oppose the commission's recommended additions the commission's expressed concerns about the listing process echoed complaints from saudi arabia and the united states talks between the commission and member states on a way forward reportedly took place earlier today. and speaking of dirty money there is corruption news out of liberia where three former leaders of the african nation central bank have been arrested in the disappearance of liberian banknotes worth roughly sixteen point five million dollars the suspected embezzler is include a former governor of the central bank as well as a deputy governor charles sirleaf mr sirleaf is also the son of liberia's former president ellen johnson sirleaf the arrests are just the latest developments in a major scandal that began brewing last october over the disappearance of a total of about one hundred million dollars worth. bank notes in

a report commissioned by the lib liberian government after the story first broke consulting firm kroll and associates said they had quote identified discrepancies at every stage of the process for controlling the movement of banknotes into and out of the liberian central bank. and staying on the during money while dutch shell is once again facing legal trouble over their business practices an oil rich nigeria the corporation disclosed earlier today that prosecutors in the netherlands are preparing to press criminal charges of the company's efforts to acquire energy rights bought by wible energy company any of italy the company's stock took a hit as the dutch prosecutor's office confirmed they have found that shell committed prosecutable offense is involving suspected bribes to try to secure rights to o.p.l. two forty five oil and gas exploration block while drug charges have not yet been released managers at both shell and any are already facing corruption charges in italy over the o.p.l. two forty five case the nigerian government has also sued the companies over the

case alleging fraud and seeking to recover damages. and the focal point of the trip him summit in hanoi might have been the denuclearization of the korean peninsula but much of the meeting had to do with business as well north korean a china vietnam and the u.s. could all benefit from the aftermath of the talks or in some cases maybe lose their economic footing with more on the issue are joined by steve malzberg in new york and alex mahela bitch in toronto alex with let's start with you you could argue that of all the players here north korea is the one with the most to gain or lose from the summit what's your take on that. certainly so in north korea wants to say she was dropped against them and there are some pretty crazy sanctions if you look at it a decade's worth but you know they're saying that one thing that mr president trump said that was wrong was that they asked for all they're saying it's to be dropped north korea is now say they don't want want all the seychelles to be dropped

they're talking about sanctions mostly that were put up by the u.n. between two thousand and sixteen two thousand and seventeen that are hampering according to them the ability for further hampering our civilian economy and livelihood that's a direct quote from them now u.n. sanctions as i mentioned have been on for decades but we're talking about sanctions around two thousand and seventeen so what what the current north koreans have said is that they're willing to dismantle their your radio production they young beyond complex for exchange of dropping these sanctions now these sanctions unlike the ones that started decades before were about weapons and such this war that's also hurt the economy but it was like stopping oil flow into the country north korea doesn't have much oil itself has to import most of its energy and oil also we're talking about exports of textiles that's a massive part of the north korean industry they're not allowed to export test textiles and also in a smaller facet their foreign workers there tens of thousands of foreign workers working around the globe saudi arabia or i should say arabian peninsula as well as

other countries in asia those people were told to go home so these are some of the hits that they took their economy and they're hoping that moving forward they can get these sanctions removed as we saw it didn't happen at the summit but it could still happen even president trump says that things are ongoing here they're interesting alex and steve from a business perspective we heard a lot of president trump touting the benefits for north korea of denuclearizing but are there are significant economic carpet opportunities for the u.s. as well when it comes to north korea in the region. well absolutely you know peo said as far back as the middle of two thousand and eighteen that if kim agrees to to acquiesce they're going to need a whole bunch of stuff done in that country to modernize we're talking infrastructure we're talking about electric grid right on down the line and he made it very clear pompei all that this will not be the u.s. taxpayer footing the bill for this this would be american companies going in with

opportunity to do business and to restructure their hold their whole system and of course when it comes to trade as was alluded to a second ago when it comes to trade because of the sanctions north korea only trades and import export about ninety percent of it is with china and certainly that the u.s. would have an opportunity to import oil to import grain which the farmers here is just perked up all over the country and machinery as well so that's three huge areas that that would benefit and let's not forget that if a deal were reached and we were able to draw down our troops in south korea economically that would help the u.s. as well so there's a lot of benefits but you have to ask the question this can really want that does he want modernization does he want to open up the country and have his people see what's out there i don't think so. very up question stephen you mentioned china what is their interest here what depending on how this plays out what could be the economic cost or benefits for them well naturally china right now they they they

dominate like i said trade is ninety percent of the imports exports are with north korea at the through china china is a string polar to me a puppet master when it comes to north korea and always has been and i think as far as u.s. china talks you know before the talks in north korea fell apart in vietnam i should say with north korea everybody assume that there's going to be a deal signed that mar a lago in a few weeks between she and trump now maybe not so sure because trump said at the. press conference in vietnam look i walked away from this i might have to walk away from the china deal even though larry kudlow expressed great optimism yesterday the other two let saying that the chief negotiator and new should the treasury secretary have expressed a little more of doubt and reserve when it comes to speaking about it so it's a question and especially of trump believes that china was behind north korea being obstinate here and stubborn at these recent summit it might not bode well for the

future of the trade talks and don't forget today's march first trump in his goodwill gesture postpone the increase in tariffs that was supposed to take effect today and alex what about the host country here what are the angles vietnam is trying to work as the interlocutor here in the summit. well i mean look at vietnam is a country that has one of those fastest growing economies in all of asia and this is a former communist country and we all know about the vietnam war and now they're doing fantastically well i mean their country that has really moved forward this is something that kim and his people from north korea are looking at very closely because this is a perfect example for them how to grow and you know i'm talking so nicely a bow a vietnam i've been there is a wonderful country but let's look at what president trump has to say and this is a tweet from him he says vietnam is thriving like few places on earth north korea would be that sea and very quickly it would if it would denuclearize the potential

is awesome a great opportunity like almost none on the other in history for my friend kim jong un we will know fairly soon very interesting so we know now that that didn't happen overnight but it might happen so place down the road so anywhere that you turn it right now like vietnam north korea has the potential to become something huge like vietnam it's looking at tourism and it's a resource rich nation so there is potential someplace down the road if things go in the right direction right and alex we had you here yesterday talking about this fast moving scandal with just prime minister justin trudeau there in canada calls for him to resign what's the latest there. so the latest all we know is that five former attorney generals are now asking the r.c.m.p. which is the royal canadian mounted police to probe into this scandal the scandal deals with s. and c. level and i q jay engineering and construction company that is accused of corruption they were bribing people choose of bribing people in libya the government officials there and trudeau's told the attorney general the former

territory general stop do not prosecute according again accused of saying that it's all allegedly so we've got to point one there and point to i just got to say that the latest is also that he had to do a cabinet shuffle today because the attorney general after quitting he demoted or and then she resigned from that job so he had to find new people to fill those places ok very fascinating situation going to keep an eye on that our correspondent alex mahela bitch and conservative t.v. commentator t.v. and radio commentator seawalls bird thank you both very time. thank you. now for our global weekly market wrap up and we start as usual in russia at the moscow stock exchange which was down this week making three weeks in a row notably gazprom the giant state energy company building that eight thousand mile pipeline to china we told you about the other day is beating the trend on the

moscow exchange for the last half year in china at the shanghai stock exchange it's up this week on positive trade news as steve just mentioned u.s. tariffs won't be increased today after progress and trade talks japan's nikkei two twenty five up and that's three weeks in a row there shanghai and nikkei up hong kong hang seng down has been back and forth quite volatile this year in australia the a.s.x. three hundred up in india of a sense that's also up as it appears the conflict with pakistan is cooling after a conciliatory statement from prime minister imran khan sound in south africa all shares also down going to europe and france the cac forty is up as is the german dax turning to great britain the u.k. footsie down with concern continuing uncertainty about brags it will it be delayed or will there be a deal only twenty eight days left until the deadline moving to the western hemisphere there is a phenomena going on colombia the cold down as is the ibo vast and in brazil we

can't we must note that today current of all kicks off which is good news for the i that's as the nation's confederation of commerce services and tourism estimates a celebration could generate nearly two billion dollars of economic activity and create almost twenty four thousand jobs and eight thousand miles to the north of canada's t s x that exchange is down for the week as are nasdaq and n.y.s.e. in new york and one note on the nasdaq lift has filed for a one hundred million dollars i.p.o. initial. public offering in that exchange we will be following this closely as race with the sounds of. time now for a quick break but hang here because when we return as technology barrels full steam ahead so too does finance when we are swinging impede abusee helps us analyze the future. and finally trade tensions are causing some people's bank accounts to take a beating i know it's causing troubles related to trash smally barrows is standing

by to discuss why some american cities are no pluming they were struggling as we go to break here on the numbers at the closing bell. the folks who prayed the money when they want more money they just print more money they don't rely on workers to go and produce stuff that they have to go sell and then make a profit on the stuff they sell you don't see that the car industry anymore it's become financial you don't see that the property market anymore especially financial eyes you don't see the manufacturing in the u.s.

has been exported to china and financial lives commodified securitized. american as a worker is completely redundant the same as they are around the world so the wages are converging and they converge at the wages in china so china wages are roughly i think four or five thousand dollars a year this is where the american wages are headed. six. joe far under former isis fighters and boarding a philippine naval ship. but

not for me ned. just aren't abdulla still don't know what's waiting for them. to give them a lucky. break it out on. the.

back tesla motor company has announced it will soon join a long list of companies that are trying to online sales and as a result will be closing most of its traditional brick and mortar stores in the near future archies rachel blevins steers us to the details it sounds like has announced that in order to cut costs you will be closing stores in the next few months and living. online only sells for its electric cars tesla c.e.o. ilan musk has granted this major shift in the company's business model has a path to both cut costs and a follow through on the promise to sell the company's model three for thirty five thousand dollars in a statement tesla said that shifting all cells on line combined with other ongoing cost efficiencies will enable them to lower all vehicle prices by about six percent

on average musk admitted that the first quarter of twenty one thousand is not likely to be profitable but he said he has hope that tesla will be profitable by the second quarter tesla shares fell four point nine percent to around three hundred four dollars in pre-market trading on friday but reports noted that the stock is still up from where it was on tuesday before musk took to twitter to announce that he had some tesla knew the decision to close brick and mortar stores follows the announcement that test was cutting three thousand one hundred fifty jobs or about seven percent of its workforce this tesla store here in washington d.c. is one of around a one hundred stores in twenty three states across the u.s. but tesla has notably run into problems with local and state governments in recent years and twenty seven states have banned the company from selling cars directly without operating franchise dealerships with online only sells test level no longer

give customers the opportunity to test drive vehicles before purchasing them but it will our customers to return cars within seven days or one thousand miles for a full refund allowing them to buy a tesla drive several hundred miles for a weekend road trip with friends and then we're churn it for free so the question remains will customers prefer to stick with cars that they can test drive before purchasing or will they embrace this new changes traditional tesla stores become a thing of the past in washington rachel blood vns art. c. checking in with india u.s. convenience store chain seven eleven is making a major play for market share in that country's growing retail food market the familiar vendor of snacks and soft drinks is partnering with the retail subsidiary of the india's future group according to future group c.e.o. or be on e seven eleven japan reportedly will also help the company to launch into a market where such chain stores are not yet common in so-called mom and pop corner

shops or more typical seven elevens international director ken what she said india will bring than india will bring the number of countries with seven eleven stores to eighteen. and moving to both east and west of india china is chafing at criticism from turkey on their treatment of the muslim weaker minority and giving notice that economic ties could be jeopardized the chinese we are population are believed to be a target ethnic group and the majority of them live in the far western province and jang meanwhile president ed one of turkey has sought to create a profile for himself as a defender of muslims on the world stage now the chinese diplomatic mission to turkey says that the chinese consulate in izmir turkey is third largest city has been closed earlier today chinese ambassador to turkey made the linkage between the consulate closure and turkey's statements on the treatment of the weak years in a statement ambassador deng lease said criticizing your friend publicly everywhere

is not a constructive approach. we now move to block shane and i are pleased to be joined by henri our slain in the spin tech and crypto leader in asia on rethinks for joining us today good to be with you when we are at when we talk chain adoption and we do a lot here changing things from health care medical records to finance is finance the sector where we should be looking for this technology to have the most. quickly developing applications. absolutely as as you know there's a lot of interest in blocs in technology from a whole broad range of industries for example a recent survey that we conducted with six hundred executives from fifteen countries so that eighty four percent of those companies are working on technology although most of them are start the r. and d. level however while there's a lot of good use of the use cases and financial services i mean from you know trade finance to post resettlement process these are very valuable headcount

intensive after argue that we're seeing a lot of developments outside of financial services for example in areas like the just six supply chain management or even the food and drug traceability you know because consumers want to know that there is food or drugs are actually coming from where they save cobbs and that's something they're blocking technology can be not sought to solve entirely but helps us solve it in part to get get to help us solve it partially in a very helpful laundry and in terms of these benefits what's keeping us from doing it all right now what are the imbed sort of bombs in the road on the way to. asia. that's a good question you know it's a bit ironic because if you look at some of the features that make blace technology unique you know from the fact that it's consensus driven is distributed even some features like traceability and immutability have actually become some of its obstacles when it comes to adoption of financial services you know as you know banks have to comply with a whole range of requirements when it comes to customer identification data and the

for those cases the use of public walk chain. not ideal when it comes to for example data privacy laws would g.d.p. are for example where customers have the right to be forgotten again using a block chain with immutability functions is also not ideal this is actually you know when you look a lot of the banks when they've been experimenting with blocks in technology they've been in a lot of use and permission networks permission less networks like bitcoin were really they can choose who are the other participants on the block chain and can decide. what features they want to have on board as well yeah i don't agree that's a very interesting point you make that depending on the specific application of any particular technology it could be either a feature or a bug depending on the way you're trying to use it and you know we know you're on top of the very cutting edge of blonde chain technology applications what's going on right now that we're you know about that we're going to be hearing about very soon in this field. well you know when it comes to cutting edge or exciting stuff

and walked in this is the gift that keeps on giving i would say the one element of the brother of the family that is really exciting me right now is really want to comes to crypto and crypto currencies and especially the institutional players as you know over the last couple days we've seen players not only here in the u.s. with j.p. morgan launching their own j.p. morgan point but also across the switzerland overnight julius baer announcing that it's going to look at offering crypto products to its high net worth clients and i think this is a very the entry of institutional players is very exciting because it really brings a level it's additional maturity and expertise to the credit of the group of sector something that it not only really needs but it also deserves a very interesting there's always an re our slain and p w c thank you for joining us it was a pleasure being on. china

has been importing recyclables to improve its environment but the move could take a financial environmental toll in the united states legal journalist model molly barrows contributor with america's lawyer joins us now to talk trash molly brings up to speed on this been how how did this story what's going on here. you know well it used to be that the u.s. most of its recycling overseas to china in two thousand and sixteen the country was exporting more than forty percent of its paper as a third of its plastics to china last year china closed its doors to foreign ways and the u.s. had to scramble for new buyers well despite stories of recycling lows the u.s. seems to be finding them in other words the u.s. has no other choice but to find other customers for its recycled materials and to invest its own recycling centers as some communities are doing that you know that's not going to happen overnight beginning in two thousand and thirteen china began to make a series of policies policy shifts rather to reduce the amount and types of recycled

materials in the country they are limiting in essence twenty four and so they're basically saying it's because they want to you know where they're worried about their own environment but some on the other side have different global communities say that's not exactly the reason they're doing it that there are other reasons but regardless of whatever the reasons they say that this means that the problem the hot potato if you will is falling back into the lap of the u.s. states and u.s. communities that have been sending their trash their recyclables to come to china because by two thousand and twenty they want to discontinue all recyclable materials if you will to china in two thousand and seventeen just to give you a recap china announced that it would impose a certain standard for recycled materials far below the industry standards but at the same time it also found the importation of several categories of curbside recycled materials which could have an imp. act people who are employed to recycle those materials so of course you're having a lot of concerns from people who are with in the the garbage collection community

if you will of how those materials are collected it's going to take a big toll financially as well as environmentally people are concerned about we're burning this material here in the u.s. we're going to lose employees that really you know sort out this material inside and basically prepare for distribution to other countries so china's band is going to have a going to have an impact but the bottom line is we've got to figure out what we're going to do with our own trash you know right very interesting mali and you know the there is a market for these materials but when it goes below a certain point in terms of you know the resale value that then it literally becomes a hot mess we've got a hot mess here with louis trash being burnt in the united states can you talk a little bit more about those concerns those of my mental concerns in the united states around burn trash and environmental justice concerns all these is a monumental justice issue who is going to pay the price he's going to have to deal with this trash and with the smoke depending on how we deal with it what were the

tolls will bit more about those e.j. concerns. he has absolutely because you know we all have trash we have to get rid of whatever country that you are in and so the bottom line is how do you address your particular country's concerns when it comes to environmental regulations and still get rid of the trash where hopefully it's safe for the community and the united states we know we have laws we have to abide by in order to keep this. decision safe but in china they say and they seem to be saying now that hey we're going to make these decisions to make our environment say but you know the bottom line is not everybody believes their reasoning but the bottom line is american companies worry that these restrictions could eventually lead to loss of tens of thousands of jobs and the closure of many recycling businesses so they're saying what. are we going to do but they're going to find other ways to deal with this yes there are concerns about the emissions that come from burning this recyclables they don't want to be a long term impact but they can certainly make other decisions that they can

benefit the community and not lead to this long term impact so thank you so much. for giving us just talk about this embed this president reagan and we'll say work out thanks for joining us molly barrows contributor to america's lawyer thanks so much for your insight you can catch boom bust on. you tube dot com slash two most ot see you next time. we 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 the victims' families they are very much in favor of the death but there are some people because of what they do have given up their right to live among this somebody even proven innocent years

on death row but how many more exonerations is it going to take before we as a society realize that this is not working and we actually do something about. the maternity turns. go in and you may never get out some sort of the most of. my teenage gang rules here. i don't want to do to move. my boat. but. the navy will. kill. you. nancy and her. band now it was in for the. me and melanie when.

you were the monkey and little music that i see. is may day right now you're a moscow in the headlines from r t the united states says all options are still on the table when it comes to venezuela this week and they've also slapped the crisis hit country with more sanctions for not allowing u.s. aid convoys to enter. washington threatens to close chinese language and cultural centers across the u.s. or forced teachers to register as foreign agents and. tens of thousands of students skip school in france and germany and a few other countries to demonstrate over climate change we'll tell you why.