oh and later most people know that obesity is a major pull blammo in other places around the world not just in the us and it starts early in life with school age children but it's not just a health issue it's the ability to get better get a better education get a good job be a contributing member of society but we're joined by the president and founder of chalk healthy snacks a man of warres all that directly ahead but first let's get to some headlines let's go to. the economic aftermath of the so-called bomb cyclonic weather system that recently hit the united states leads our globe report today as farmers and ranchers across the nation's midsection are hit with historic flooding that could alter the landscape of american agriculture nebraska governor pete ricketts says the state has sustained more than one point three billion dollars in flood related losses with four hundred million in livestock and four hundred forty million in pain for grain farmers more than thirty to seventy five percent of the breast this county has already been declared disaster areas and similar scenes of inundated towns and

fields are playing out in the states of illinois iowa minnesota south dakota and wisconsin nebraska is a typical us farm state famous for raising corn beans a n b it's also typically dependent upon foreign buyers for those ag products on exports as reported the trump trade tariffs have slowed x x worth especially with regard to soybeans but the grain glut has depress prices on the products that the state relies upon and farm bankruptcies were already up nearly twenty percent last year now the quick del luge is that hit the region have washed away enormous amounts of precious topsoil and hope leaving the future of the proverbial u.s. heartland in question. and the other day we spoke about how china is developing fin tech regulations for blocked change in crypto currencies and how that might increase pressure upon other governmental regulators to do so well we don't have to wait too many days before we saw some action. on that front the u.s.

securities exchange commission has scheduled a public forum focusing on distributed leisure technology block chain and digital assets crypto currencies plus there are other nations already making moves here to discuss christiane the co-founder of counterpart act and great schroeder of octo dot welcome ladies we're glad to have you both back great let's start with you do you think this announced by the f.c.c. is indicative of them really wanting to do something make some progress going forward on rules and regulations or do you think that it's really just the least they can do and to use a trading term it's no more than window dressing. so window dressing i wouldn't i wouldn't put it that way i think that s.c.c. is very aware that we in the united states swing forty percent of the of the global stock exchanges so we are the leader there and very importantly have to do things correctly because in part we owe our success there to the regulations that

we've put into place to protect investors so if you look at that order of magnitude forty percent you know japan is just elbowed china out as number two with only seven and a half percent of the global market so i think everything is proceeding as you would expect with the large you know with the magnitude of the types of decisions that need to be made i take your point and you know we are our markets are the envy of the world in the u.s. so you're right that but i'm curious about how high hurdle it is i want to get back to that in a minute but first christine want to get your take on the c's announcement yeah i agree actually i think that they are trying to regulate fairly and not over regulation or that it would stifle innovation i think they do fear that if they do come down a little too hard a lot of the startups that are starting here in the u.s. will probably move overseas somewhere where it's much more friendly for them in order to start their business well that's sort of what i want to get to and grace

you know you work with water start ups which first wanted to be regulated in the u.s. but they've been finding that it simply taking too long and it's too expensive do you think that the u.s. is missing out on some great business opportunities and in crypto in your expertise your expert area security tokens in particular where other nations are actually moving forward more aggressively so i'd like to separate cryptocurrency from security tokens i think they're in two completely separate categories and and the more you try to make one look. like the other at the least you know the less likely it is that the s.s. is going to smile at any of it our challenge here is to make sure that the f.c.c. can verify that security tokens have the same investor investor protections and benefits as exist in traditional securities today sure there may be opportunity offshore faster but if you're looking at you know switzerland at two and

a half percent of the global market you know how much opportunity is really there i'm not seeing it as viewed as being a good idea to sort of be at a u.s. company and try to you know bounce around off shore until things get friendlier here i'm feeling that it's a complexity that companies you know it's conservative not conservative and more sort of careful companies aren't really going to take that path i mean i've seen i agree they won't but a lot of them i think you know they're just these are startups they have dwindling resources they want to be regulated but i used to work for a fellow on capitol hill and he made his decisions by default that is he didn't make any decision and then the decision was made not to do anything and so i get a little bit worried that regulators aren't doing enough in the u.s. to take advantage of some of these opportunities when there are a lot of people out there now maybe not in twenty seventeen but now that want to take advantage and not in a bad way they want to be regulated by the u.s.

but they have to have a path forward it's got to be clear so i hope this event coming up the f.c.c. forum will be helpful kristie there's also news today that switzerland is moving forward proactively with cryptocurrency regulation we've spoken about how that nation is pretty progressive one kryptos before we've had olga filled water on the program the bitcoin queen of switzerland by the way we have bitcoin price there and i think it may be up around four thousand dollars to day so not not not too bad given where we we've been in the last few months what do you make this switzerland story kristie. it's a once federal assembly recently just passed a motion today in order to adopt current existing regulation to cryptocurrency regulation so what that means is right now they're trying to draw from their existing platform and framework are ready to apply that to cryptocurrency saying that cut their currency is no different so they're trying to do that in order to close the gap that people are distinguishing and taking advantage of saying that

crypto currency is our insecurities therefore they should be regulated like securities what i said and say is that that crypto currency is very similar to securities so therefore i think it should fall under the securities exchange in switzerland as well and i think that's a very good start they might increase regulation around crypto currency but i think it's actually a very good start like to draw a comparison to existing framework that they have already i think it might be another great segment to do with you guys in the future talking about which nations are being most aggressive out there and where are they and are we seeing movement in that direction but we're out of time this time kristie i co-founded a counterpart actually in great schroeder of octo dot au thank you ladies thanks for your expertise and your time thank you thank you. when we say mainstream media do you think a.b.c. c.b.s. n.b.c. or the new york times or maybe the washington post well think again according to new research on digital media use the legacy media business model is being disrupted big time by digital media and are two big picture host and resident of

holland cook joins us to explain holland great to have you as always tell us a little bit about how this is slowly sort of changed you know digital really sort of crept up on us and what has been the tipping point in mainstream media apart even if you don't know the name edison research you know their work because everson research on the election day is the sole provider of exit poll data to the national election pool and addison is a major player in the media research sector since one nine hundred ninety eight there are infinite dial series has been tracking internet odd. pod casting and audio consumption via smart phones and smart speakers and they're just released update points to several milestones broadcast and print media will have mixed emotions about this headline social media usage appears to have stalled now that's good news bad news for legacy media and for many consumers because social media is

a new source now just as old school media were learning how to exploit social media it is measurably plateaued facebook is still number one but the one hundred seventy two million of us who go there sixty one percent is down for the third year in a row and facebook is older than younger while baby boomers are sharing pictures of grandchildren their members age twelve to twenty four are wandering away there were eighty two million a year ago and now sixty five million many younger folks are using instagram instead and pinterest and twitter have leveled off not surprisingly the smart phone is now our favorite media appliance here in the usa eighty four percent two hundred thirty seven million of us age twelve plus own one and this product has never had a down year since it was introduced and alexa are you listening we love you too already twenty three percent of us some sixty five million own at least one smart

speaker triple the twenty seven thousand number and according to edison research the average smart speaker user has two and over a quarter of homes have three or more so that's the that's the hardware we talk about smartphones and television the cetra what about the software and what is the software allowing users to view with regard to content but when i say audiobook don't think audio cassette i'm sure don draper was on the original books on tape account but all the ways we're now consuming audio have us consuming all. kinds of audio audible is big on smartphones and new tech dashboard infotainment systems and this edison research tells us that pod casting has now reached a milestone with the majority of americans now saying they have ever listened to one about a fifth of us listening every week and the average weekly podcast listener listens

to seven a week i have posted the entire edison media infinite dial twenty one thousand report and a video of their presentation on my web site my name holland cook dot com so this is a super competitive business environment we talk about it all the time where a favorite to have you help us in those discussions whether one is disney netflix and cetera i mean how does legacy media keep up. on the bottom line given this competitive environment given all of the above legacy media should create on demand audio versions of their content and use their legacy platform the old media over the air or in print to promote use of the new platform the late great david brinkley told a story about the early days of television when they were all radio guys and they were asked to pitch in on this new platform called t.v. and they'd ask the boss why am i being punished. times are changing sure have holly

cocos the big picture thank you as always my friend you're back in ash. and updating an indian story you may recall the infamous celebrity jeweler turned financial fugitive nero of modi has now been arrested police in london say they have apprehended mr modi who is sought by indian authorities on a warrant for fraud charges related to last year's collapse of the punjab national bank mr modi is accused of fraud gently securing credit from other banks by leveraging guarantees from corrupt p n b steph the bank by the way has been making some progress this year on its stock and remains in positive territory year to date . and now we move from one mode to another as indian president in a random o.t. is currently facing a tough reelection campaign in the world's largest democracy president modi is looking to bolster his chance for

a second term in office by running primarily on the economy and job creation and on that front he seems to have some legs to stand upon let's take a look at the sun second is permitted market index and also a good indicator of where the indian economy stands look here at the performance over the last five years that's when back in two thousand and fourteen at about twenty two thousand where he came into office and if you go back that wasn't bad to begin with be go back it went down a little bit but by and large that's a pretty progressive chart right and we go all the way up and we reach almost to forty thousand almost a forty thousand not quite but we're up around thirty eight thousand trading today so that's a pretty good thing i could i could certainly see a politician running on that. it's not bad news at all for the sensex or for mr mr moti and time now for a quick break but hang here because when we get back steve malzberg joins us to

help us take a look at the spin around the globe to look at the most and least expensive places on earth the most important cities most expensive and important and we'll be joined by the president founder of truck healthy snacks to main a florist to look at the personal economic impact of obesity as we go to break here the numbers at the closing bell we'll be back in a flash. during the great depression. remember there was. there wasn't it was bit much worse objectively. but there was an expectation of the things were going to get better. there was a real sense of hope. there isn't today today's america was shaped by the ten

principles of concentration of wealth and power. reduced democracy attack so low down engineer elections manufacture consent and other principles according to know on. one set of rules for the rich. that's what happens when you put her into the. will which is dedicated to encouraging virtue of just as you'd expect one of the most influential intellectuals of our time speaks about the modern civilization of america. the tense situation in venezuela is still all over the news the problem in venezuela is not that socialism has been poorly implemented but that socialism has

been faced only implement from the inside venezuela things look different we're going to announce sanctions against petroleum to venezuela associate. famous for. that. data to see the. focus of the whole story isn't new makes him cold in henry kissinger to tell him that it would not be tolerated in latin america i know part of the economic and social system could take hold and therefore the policy would be to make. the chilean economy scream so wants to make the economy of venezuela screed. america's policy in iraq has never been a smashing success but apparently there's still room to make it worse the secretary

of state's recent visit to the region was full of bold proclamations of quiet reversals to use trumps policy in iraq. welcome back as i noted the list of the world's most and least expensive cities for twenty nine thousand is out and there's a three way tie for the most expensive city to be annual analysis published by the economist intelligence unit compares the price of just about everything some hundred fifty items and one hundred thirty three cities around the world are used in their ranking joining us now to take a look at the results it's conservative commentator steve walz hey steve this is going to be fun and as a spence is killing us let's look at the top ten most expensive cities and the three top right at the top what are they. well you know it's interesting they use

new york city as a benchmark to compiled this list which i wasn't aware of some sitting in the belly of the beast quite literally here for the first time in thirty years the three way tie as you mentioned and you know for the past five years singapore has been to top the list all by itself but now you have singapore hong kong and paris they are now all tied for first place on this on this very unique very important list you also have number four geneva. all copenhagen and new york they're tied for seventh tel aviv in los angeles check in tied at number ten interesting late new york was thirteen last year l.a. was fourteen so they're back in the top ten but five years ago bart they were tied for thirty ninth place which i couldn't believe but that's that that's what they were five just five years ago so and it's interesting european cities have high household costs asian cities believe it or not have very high grocery costs and in

the u.s. it's domestic help in utilities that drive the costs up to to make it hard to live in these cities i was surprised because you know they terribly talked about london real estate being so high a few years ago and i just spoke with somebody you know we did a lot of work in hong kong recently and a thousand square foot place was running for twenty five thousand dollars a month in central hong kong crazy sorts of numbers ok let's flip and give us the least expensive cities and take a look take it away steve all right well in the bottom of the list here you have the southern asian countries with the best value for the dollar especially india and pakistan i think they have four of the top ten between them caracas and damascus you know their countries in the cities and that are in countries that are in trouble right now tash can. stand there the top three karate checking and number six and new delhi of india bringing up. bringing up the rear now there's

a considerable amount of risk of course apart in these cheap cities they tend to be less livable less less you know person friendly if you will and both caracas and damascus experiencing that terrible economic and political disruption last year inflation in caracas was a million percent they have since instituted a new currency but still very tough place to you know to want to go and live or even visit well i want to talk about that a little bit don't talk about it from a business perspective you know we talk about how paris is so expensive to live in but they've got the yellow best protestors what are the main industries in the first few of those on both the list and and how might they be impacted if at all by the survey well i took a look at tourism in the three cities on the most expensive list the three cities that were tied and no problem they're not affected really these are two thousand eight hundred numbers of course hong kong for the eighth straight year the most visited city in the world about half of those people by the way coming from

mainland china so they they do have a a constituency close by that wants to come to singapore tourism had a record year in two thousand eight hundred visitor arrivals up six point two percent mostly attributed to business travel convention exhibitions they saw big gains in paris reported a four point one percent increase in tourist arrivals for the first half of two thousand eight hundred that's the best ever now on the other side where no sorry's for instance get this their number six on the b. and b. and b.'s top twenty destinations for two thousand eight hundred number six there are up one hundred eighty eight percent in listings year over year then of course you go to caracas there occupancy rate for hotels and other vacation units thirty five to forty percent even during the holiday season it was just forty five percent so they're suffering but the expensive countries seem to keep flourishing cities so

i should say tell you what i knew this would be fun and i was right we appreciate you helping us take that little tour around the world concert conservative radio t.v. commentator steve malzberg thank you steve. thank you bart. and there is an astounding appalling new revelation in the growing scandal at boeing over the seven thirty seven max jets and those two deadly crashes the new york times reports both of those two seven thirty seven maxes that crash one in indonesia one more recently in ethiopia did not have two specific safety features that could have helped counteract the software glitch which is believed to have led to both crashes the planes did not have the possibility and the possibly life saving technology because it was sold separately sold separately sounds like a toy right from the plane and it's problematic software as a special feature neither lion air nor ethiopian airlines opted to pay extra for the devices and there doesn't seem to have been any legal requirement for the

airlines to buy them or for boeing to provide them boeing now says that they will install the additional safety devices as standard equipment on the seven thirty seven max jets i wondered if batteries are included. and most folks know that obesity in the u.s. is a major problem and it really is but this is not just a problem in the u.s. it's a problem all over the world and it starts early in life with school age children it's a major big deal and it's not just impacting the health of people right it's impacting the ability to get a better education to get a good job to be a member of a contributor of our contributing to your society or to your democracy in the u.s. joining us now to discuss is the president and founder of charts healthy snacks and made a florist have made a welcome we're so glad you're able to spend some time with us if we look at the

most obese people in the developed nations of the world we see the u.s. and mexico actually topping the list followed by new zealand hungary australia and the u.k. the united kingdom but overall how big a problem is obesity around the world to mina. well. good afternoon these aside next an actual big problem there is our own one point one billion a million people billion people sorry already with obesity around the world it means that it was in part a teen economics it's impacting society and there what is really is carries that for one generation to another so for the last thirty years obesity has been a increasing three times so i what is happening with that is like in iran eleven years of the population will be population will be a with obesity it means less brother t.v. it means driving out there is their cost of obesity is around two billion two

trillion dollars are on the wall it means like three percent of their. gross domestic product that's a huge number in the research shows that eating healthier leads to children learning more right and ultimately we assume that they are there for because they learn more and more productive members of society all correct. yes well obesity is a window what a shield or a nice unhealthy they really impact then there is already we're seeing it worse are showed that in impact in made their cognitive development and in their and as well what is happening during the school system is that in different school districts which eldon are not able to be healthy they joe now well appropriately there cannot be if functions or they actually actually impacts us well in their social behavior and even get in there for

a for the shield and actually to comfort her better than all ish and to execute that knowledge and there is research already shown that when children if healthy and there is a specific research done with healthy food with wild berries showing results and in proof when it's in children coming out in functions and as well in behaviors and in the pain shown and actually brings better school outcomes well i'm sure that your food will help but it sounds like what we need to do is go ahead and feed people better than the learn more be better healthier members of society we appreciate you being with us a president founder of chalk healthy snacks a man a florist thank you meant to help you come back some time thanks for your time and expertise. thank you. and that's it for this time thank you for being with us if you can catch boom bust on you tube dot com slash boom bust are to see you next time so long for it out.

on. a shot i took it up on soldier that i. had left and i thought it was the one. cause of the torture. the bush.

years and i'm so not good at a second how do you have a prison and how much have you who committed the passage says therefore isn't and never was not imposed by now. there are call streets in the electoral college lower the voting age to sixteen allowing non-citizens to vote and to pack the supreme court with more in tartus and judges what is happening here well it would seem if you can't win on the merit of ideas that all you need to do is to radically change the system. after the previous stage of my career was over everyone wondered what i was going to do next the ball different clubs on one hand it is logical to sort of go from fields where everything is familiar on the other i want to the new challenge and

the fresh perspective i'm used to surprising. or not if you think. i'm going to talk about football not for you or else you can think i was going to do. by the way what is it that flying here. to love and the wealthy in america decided we're up playing anymore we're going to just grab as much as we can of the cash out there in the system and put it you know offshore and that's why there's not twenty two trillion offshore and so there you battle of credit in the system shrunk the central bank instead of punishing the banks just flooded the system with more of the fia money and then those who are the paranoid have yachts versus the have nots decided you know we're going to put that more offshore so they just keep trying to and shipping it off shore and it's completely bypassing the economy and so the economy is

getting more starved for credit and the people are getting more restless. the e.u. turns down trees amaze request for a three month break that delay offering the twenty second of may as an absolute deadline with strings attached. president trump says he is ready to recognize israeli sovereignty over the occupied golan heights a disputed area captured from syria in one thousand nine hundred sixty seven. western powers question italy's willingness to join beijing's built and road infrastructure project calling it a tool for chinese and its. broadcasting live direct marched.