new rules are protesting in france as president micron's since troops troops to control the streets over the weekend are to correspondent really culture no vote brings us up to speed on the ground in paris and italy is drawing fire from the united states as it becomes the first g seven nation to sign on to chinese built in the road initiative alex male that's joins us to break down how this shake up will impact the longstanding western oil plus following the fallout from venezuela from american sanctions by years of gulf oil looking for new places to explore are inconclusive joins us to wade through all the oil moves in the gulf of mexico and finally just how real is the prospect of a cashless society artie's venger bush sat down with geno that in hong kong to break down that issue and so much more a super pac show ahead today but first we had some headlines let's go. we could offer a global report today with a major market update after indexes took a beating on friday from new york to asia it was almost all red across the board

japan led the charge but not in the best sense of the word check out this stock after markets open in tokyo the index dropped more than six hundred points around three percent three percent of the total across the sea of japan things were much better in china as the shanghai composite index which has been a bit on a bit of a rocky trend over the past few days took a tumble of more than one hundred points which for this index is quite a bit markets in europe also felt the heat but not nearly as much with the german dax taking a bit of a slide but was trending upward toward the end of trading the u.k.'s footsie was also down today with a bevy of uncertain moves and quoting the country's brics it saga drama and finally the dow jones in new york was also hit by the downturn opening in the red but over trading today it has managed to bounce back a bit. the u.s. federal housing administration the f.h.a. has notified lenders that it will change its standards and begin. rating some home

loans more home loans as risky the new policy could significantly affect the size and composition of f.h.a. is one point three trillion dollar loan portfolio and the f.h.a. is mission of making homeownership more feasible for those with less than ideal credit ratings and an f.h.a. f.h. a spokesperson told the wall street journal the roughly five percent of his portfolio of first time borrowers could be affected resulting in forty thousand to fifty thousand more mortgages being labeled as to risky for f.h.a. to underwrite the average credit rating for an approved f.h.a. borrower is six seventy the shift by f.h.a. reverse is a relaxation of lending ratings in two thousand and sixteen and is a response in parts of the entry of a growing number of non non-bank lenders to the home loan market. and across the atlantic the british public are trying to force their way onto the

stage of the bracks a drama on saturday a parade us estimated at more than a million marchers demanding a second national vote on whether to leave the european union filled the streets of london a petition on parliament to parliament calling for cancellation of brigs it now has well over five million signatures the options of a second referendum or cancellation are much like a no deal brags that ideas the british political class has almost unanimously declared unthinkable but they still seem to become more possible by the day and sometimes by that hour meanwhile u.k. prime minister to resign many has put some nordic sorely needed time on the clock and is may has now extracted an agreement for a short delay of the braggs it to april twelfth if members of parliament approve the twice rejected agreement and a third vote planned for next week if the agreement is not passed the e.u. has further agreed that brags it will be delayed for a longer period until may twenty second. opposition leader jeremy corbyn also

weighed in on the prime minister's burks a plan over the weekend. now. seems refusing to listen and so we should go to the bunker the time it's all going to come or it's moved in groups this is a change. and moving from britain just across the english channel over to france protesters took to the streets yet again for another we can approach us under the banner banner of the yellow vest movement but this past weekend was unique in that french president emmanuel mccrone has deployed new measures to combat the protesters or to use medina nova brings us up to speed with the latest on the ground from paris following harsh measures centered used by the french government to avoid and other waves of extreme right saying here in paris the nineteenth consecutive weekends of demonstrations went rather peaceful here and the capitol over eight thousand people marched across the city center and this

sound on the steps of the famous that recur cathedral which is located right in the north of the capital it was a new location for the yellow vests demonstration and that's for the french government well at close several landmarks that used to be the meeting point for protesters including the avenue. and surrounding areas which saw the highest level of violence the recent weekends the government imposed half the fines for those who violate thing you said of regulations that says he was also beefed up with security the french government decided to deploy armed soldiers on the streets who had the right to open fire and the life threatening situation the french were left quite divided over such measure of opinion polls on the presidency of a man who in mccraw has been regularly conducted by french pollsters since the start of his five year term earlier. the poll was conducted that showed that three

quarters of the frame is sharp dissatisfied with the president about nine across policies and how his cabinet is handling the protests movements in the country as for the situation on the european stock markets while they deep into losses at the end of last week closing near a session lows paris were saying more than two percent and this monday it's containing an overall this weekend when they're peaceful in regards to yellow fast protests but they say that the movement will go on. moving elsewhere in the euro zone in the midst of simmering tensions between the u.s. and western powers in china italy turn up the heat over the weekend by officially joining the asian superpowers belton road initiative the move cements italy is the first g seven nation to sign on to the initiative despite fierce resistance from the united states and partners in the european union china however has refuted

concerns from western powers they see that italy's move will be an all round benefit for the struggling mediterranean nation as government spokespeople attempted to tamp down western concerns to leave. china and italy have great space to cooperate in expanding trade investment in infrastructure construction finance health tourism and other fields road initiative is open and transparent we welcome more countries to carry forward the spirit of silk road and to build built road together it will achieve common development and bring benefit to relevant countries and people the so-called fears of individual countries are completely unnecessary. so help us get a global perspective on the issue and guide us through the world words we're now joined by our correspondent alex milledge alex welcome back. thank you alex tell me a bit about the belgian wrote an initiative or b r i we talk a lot about it here on the show but for those who somehow haven't heard about it yet tell us about the. breakout down for you just after i tell you that you know

with italy this is a big move for them twenty nine agreements signed over the weekend during president g.'s visit to italy and this amounts to about two point eight billion dollars in investment so of course italy was excited to jump on board especially when you start off with a bonus surprise like this but out let's talk about the belt and wrote initially here's a map this should give us a good view of what this looks like we're talking about sixty percent of the population of the globe already pretty much signed on to this thing. it's china centered business network basically right so it's a trading network that is center is centered around china we're talking about the old silk road from ages ago and this is the basis of this but you have the two parts to it which is the salt silk road economic belt which is on the ground and then what they call like to call the maritime silk road which is the maritime so i'll go over the boats go so this is attached as a bunch of eurasia when i'm speaking about eurasia go down all the way to oceana and that all the way to western europe now italy of course plays

a massive part in all of this this is a focus on infrastructures of focus on manufacturing materials construction railways and so there's a lot being done here we're talking about a trillion plus dollars in investment on the behalf of china to make this happen so break it down to italy itself and this is why the good thing for them right now they have two main goals here and when you have a group like this side while you're basically killing these two birds with one stone they want the deficit between trade with them in china to be lowered which means they could export more to china which is a huge one and also they want some infrastructure help so that would be the chinese bank the big one beijing based asian infrastructure investment bank so they're giving money towards these types of projects and these types of projects will be happening in italy in that great rundown. alex and we can see why what the angles are for italy why they would want to be part of the b r i as far as the people that are not so happy about the parties that are not so happy about this the e.u. and the united states how are they reacting to this announcement now that is

italy's actually gone through with this partnership i mean the u.s. doesn't like this at all we see china as a nation growing in extending its power across all the continents basically now there's a huge huge partnerships with this project that are in pakistan that are in sri lanka and now moving into europe so never mind for the positive all the way from trying to what would be western europe over russia in terms of say kazakhstan all the serbia and of all those countries that are in between the two so for the u.s. this is a strategic thing really and what they're saying that they're calling this debt trap diplomacy they're saying that the chinese are coming in with money and putting nations into debt and when you look at a country like sri lanka or pakistan yes these are countries that are doing too well economically so keeping them in by giving a bit of that debt that could be a part of it a debt trap diplomacy i don't know if we should be actually pushing it out far now what comes the e.u. is the fracturing of the e.u. because not everybody is signing up to this thing and we don't have all the countries united to sign up that's an issue so the e.u.

loses a little bit of its negotiating powers with china if it's a divided e.u. . very interesting alex very interesting situation i'm sure it's only going to get more interesting and complicated as time goes on and you'll be here to break down the next event. coming back to the show biotech company announced they would halt work on theirs their touted all timers cure a drastic drop here around thirty percent well now the company has announced it will be using five billion dollars to buy back their own stock following this debacle the company's stock recovered slightly on the news but compared to last week's massive stock it's now as a dog drop this looks just like a drop in the bucket at this point in time now for a quick break but hang in there because when we return after the fallout for venezuela from american sanctions on oil buyers are looking elsewhere. and joins us to wade through the oil moves in the gulf of mexico and elsewhere and finally just how real is the prospect of the. word sat down with. in

hong kong break down what issues and so much more and as you go to play here are the numbers at the. 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 only implemented for inside venezuela things look different we're going to announce sanctions against a troll to venezuela so if you. have a son of a moment. that person. data to. the people of

the moment the focus of the who story isn't new makes him cold in henry kissinger to tell him that not be tolerated in latin america. an alternative economic and social system could take hold and therefore the policy would be to make. economy scream so wants now making the economy of venezuela screed. max kaiser. that's no doubt. this is what happens to pensions in britain. watched kaiser report. the rest of the mother investigation may have pleaded the american president of treason and collusion but it has not got rid of critics' determination to get rid of them

is the american system capable of anything but settling ideological scores. welcome back famed u.s. apparel maker nike has been fined twelve point five million euros or fourteen million dollars by the european union's competition commission over the company's attempts to prevent cross border sales of licensed products bearing the brands of some of europe's biggest soccer clubs the commission says that seems involved a yes roma f.c. barcelona inter milan if you've been to spain chester united and manchester united as well as the french football federation in

a statement competition commissioner margaret a vestibular said nike prevented many of its licensees from selling these branded products in a different country leading to less choice and higher prices for consumers like the stock which has been on a direct down trend for the past few five days including a dip on friday after an unfavorable profit was trying to profit advisory but earlier today the nikkei stock was trading up after the news. and the dwindling oil production and lingering political crisis in venezuela continue to shift oil markets as boom busters no venezuela's oil exports are predominantly heavy crude and venezuelan producers typically expect to ship their product to u.s. refineries designed to handle that chemical and put reuters points out that crude oil accounts for two thirds of us of oil imports and venezuela accounts for a disproportionately large portion of that sector at thirteen percent of heavy crude imports to the u.s.

rival producers in the gulf of mexico as well as oil energy majors royal dutch shell and british petroleum are now profiting from resulting shifts in oil production distribution. and joining us to break down all the moves in the gulf and the turmoil in venezuela is marine catoosa of catoosa research it's good to say welcome to the show. my pleasure now first of all when oil production in minutes way though when you see a decline start as stark as sharp as we have in recent years what is the effect on oil markets in terms of light crude versus heavy locations of production and these and these refineries that we talked about. so if you look at the venezuela production you know from the peak is about just under just slightly above two point three million barrels a day they're down about forty two percent to date and a lot of that is not reinvesting into their fields at the same time as the refineries adjust their composition mix because of the success of the domestic

shale areas such as canada has really made up the difference from the the lack of production from the traditionally heavy your oil fields from mexico and venezuela so you're seeing a major transition where now the u.s. refineries you know this undesirable or lower valued heavy oil is now becoming very desirable and and what has been the role in this scenario of u.s. sanctions in relation to a venezuela is building to sell their oil in abroad and raise needed foreign exchange and has there been an effect from those sanctions downstream on production . i'm going to give you a very unpopular and a contrarian perspective i actually don't think the sanctions have made that big of a difference because before the sanctions even came in the actual venezuelan production saw it's a big hit down on the negative side so if you look what happened to russia in the eighty's or mexico in the late ninety's early two thousand same thing when the

state all nations do not invest in their own production but use those to fund the socialist agenda in you know non production the fields have a natural. decline that is exactly what's going on in venezuela right now yet still today they unfortunately it's not just the oil production it's the venezuelan refineries are actually running you know you're looking at over a decade low so they're not running at a high utilization rate so they are importing crude actually and if you look at the ones that they're working with it's russia through lukoil obviously you've got china and also india so you know has it been easy to know but are there ways to work around the sanctions definitely yeah we're always interested to get a contrarian take and we will definitely take that your take up with next time we have a venezuela guest on it as well expert next time but switching to the oil play are sort of the oil sector players here shell and b.p. have been cited in this report as some of the stakeholders that are profiting from

the shifts that are happening right now toward the gulf of mexico what is their stake what is their position in this scenario how are they profiting. what you see when the big oil guys especially in the gulf it's very very different than shale oil which you can have many juniors come in so this is a very expensive venture they plotted out in decades if oil drops to say forty they won't shut down the production whereas many of the shale fields you would see a decrease in production quickly so when you look at the gulf of mexico it's a very different type of production very different decline rates it's a very baseline production that the majors are looking at for multi-year production it's much more expensive also so it's a very different type of production i don't think this is in reflection to venezuela specifically i know there's been references made but it's more of a business venture for the majors ok so it's just trying to it's happening more broadly separate from what's happening in venezuela currently. exactly because look

at the canadian production what a lot of people are making that connection is where the big smart a lot of the large u.s. funds and some of the largest like reversed. are investing billions of dollars in canada because of the heavy oil that is been reduced from mexico and venezuela is being produced even more and kind of the problem is the pipelines are at capacity and even the rails at capacity so that's that's the real issue good point there don't sleep on canada when you think about oil markets. the chairman of the research thanks for your time. but. when we think about the future for decades we have thought about flying cars and robots taking care of our dull chores but what about a future without cash although chain is still in its infancy some people think it could lead to a cashless revolution r.t. producer bridgeboro managed to catch up with. you know that in hong kong where he first asked how botching has managed to play into traditional investing. so in two

ways i think one way is actually really internally so one of our major problems early stage and even late stage funds has been lack of liquidity so one of things that we are doing is to actually create a smart contract so that peace can buy and sell their interests with small contracts which means that the small lake which we are promising the quiddity off the a for some or maybe promising him even earlier but. in the old days which is still now you know normally fun could take even ten and even more years so there is the potential to get acquitted you know years and that is really affecting us internally externally what you are mentioning is where do we position ourselves we only invest into equity we are trying to really understand this security token scheme is that something we could invest through and we're not and that is something that is happening right now in really trying to understand where we should position us and you being from the traditional investment background i mean

so you're working in what stocks bonds had fun things like that well i did start an internet fan a long time ago when i'm back in france. yes which was one of the first internet banks which actually. served its clients revolved any bank branches and we survived we had three hundred fifty thousand three hundred fifty people served them and twelve years profit before we sold it to c.i.c. and ever since then i've been basically doing all the station vestments and mainly payments to start with and i was very very lucky as you might have heard that i had these three axes in ten days two thousand and thirteen and i got this toward angel of the year in europe and then i moved to a show in two thousand and fourteen because especially payments i believe and still believe that this is where sap an interest payments it's not in europe and it's not the u.s. it's here. why is that why is this the place mainly has been driven by china which had an alley pay where to go you know straight to cure code payments they go

straight into leapfrog in technology instead of building it on our credit cards in our way the way we do so there is this leapfrog mentality that i think he's very very strong in a shop society. is that good or bad so i'm actually coming from one of those countries sweden which is actually almost a fully cashless society since two thousand i reduced cash by fifty percent i definitely think it's good for the states because they know where the cash is so it means that you have pay your taxes no matter if you see a stevie eighty or you name it so it's getting paid so that's one thing which is very good that you actually can from a you know from a state point of view tax gets paid from a monetary policy point of view i think it's also important because you can track. we can track where the cash movements and that's where because it's digitalized and that from a central bank point of view that they can fine tune their money supply and demand make a nice food dish which ledgers does so cashless yes it's definitely portent i think

the biggest threat to a cashless society has traditionally been the czechs you have them in the u.s. you have them in the u.k. you have them in singapore you have them in france and the problem there has really been government policy. if the checks are free they will continue to be used if cash checks are charged and you know you need to pay something to use the very expensive you know monetary system to put you make your payments then people use it less that's what sweden actually did already thirty years ago it costs are equal to five dollars to use a check and that's why it's gone into cash to society very quickly so i think government policy actually makes a difference and interest if you want to go to cash to society and the next level of a cash to society for me is the block society so so government can make a decision does it concern you not to sound a little conspiratorial you know you like you say everything can be tracked or do i want every financial transaction i make actually being tracked. well you know then you have you know we don't would you say we shouldn't go into iraq jane but you

know certainly if you can also keep privacy there which you know we can discuss it with the block chain you can keep the privacy really some solutions account right so that's where the way comes as long as you can keep the privacy of their yes i think you know we should keep track of our cash movements but the question is the privacy of each a how or how on a permission based can we actually you know at the same time keep privacy and also keep track of the cash flow and for that we need to have trust and that's where it is to be to educate see and to death trust is who is running it. so it's all kind of linked to each other in a high society in a high trust society like sweden we trust what our government does and we give data but we're also know that they call it misuse the data from privacy policies so it all depends also on government policy on state policy on policy who do you want to

share your data with and how does the black trade end up playing into the idea of a cashless society well i mean it's all these permission based you know distributed ledger to protect privacy as much as possible. like when arrow like see cash they are maybe at that forefront and you have auditors that maybe don't desire for privacy at all so you have a big spectrum between different solutions of distance which technology as you know the probably different site if it's completely anonymous is that then and you don't contract who is down what but you can just track the overall numbers is that something gets traded that shouldn't be traded in for instance illegal goods of so on so there's the balance between you know how much can be tracked and when and actually keeping the privacy and actually at the same time having that the benefits of tracking the cash. that's it for this time you can get catch boom bust on you tube dot com slash boom bust r.t.

she next time. there's a survival guide book stacie just want to start simply at lease are. you sure you don't get a pass. back to. his or repatriation team look at the rest of seven years. bill of the separate treasury for. after the previous stage of my career was over everyone wondered what i was going to do next the baltic from clips on one hand it is logical to go home field where everything is familiar on the other i want to the new challenge and the fresh perspective i'm used to surprising. if.

i'm going to talk about football not the or else in the sink i was going to do. by the way what is the fly here. officer. told you to get up off the ground the officer began to paint him down. and then freeze on the sounds of kind of fighting you mean grown man like mentioning essentially. the. wish to do away from the officer. of his crew. the officer did a kind of lunge for the weapon once missed and then when it happened on tree swung as i'm sure stations didn't hit him i never saw any contact between the two any kind went back to where they were so the officers back here there try again fifteen feet apart at this point and that's when the officer pulled his gun in even trying tree.

was. not mad i'm going to. headlines an r.t. israeli tanks lined up along the gaza border after jets attacked for palestinian territory in response to alleged rocket fire. comes as the u.s. officially recognized this israeli sovereignty over the golan heights a disputed area on the border with syria washington's move was immediately condemned by the u.n.

he you and also the arab league also to come despite no pollution found between donald trump and russia by the militant vested media hysteria isn't dying down with that let's not blame for making them suspicious in the first place. i would like to congratulate the house for taking control of the government's approach has been an.