isn't class go. to show that they need to establish peace on the streets for these are the things to take a chance of taking root and having the longer term effects but i think that partly politicians are under pressure because of the media reports of the killings of young people in all sorts of age groups really who've lost their lives on the streets of london and we see this repetitive cycle of media commentary police under pressure call for more powers more heavy enforcement approach more people criminalize situation doesn't get any better police tactics are also under scrutiny in the united states authorities in california have released disturbing body cam video of the police shooting of american rapper willie mccoy department shows the musician was asleep at the time the video about to see does contain upsetting images. were.

done. the incident took place in february police were initially called to check on macaulay's wellbeing six officers shot him twenty five times claiming he leave his gun when he woke up in his car the video evidence suggests police did not try to wake him up something that his family also claimed. now just a big look at the big picture here police in the us they killed more than a thousand people last year and most of the officers involved did not go on to face criminal charges african-americans and latino's us that distinctly more likely to be shot by the police than other groups michelle gross from communities against police brutality says the officers in the william a court case should be charged with murder. it is in no way

a best practice of police they should not have shot him and you know it was ridiculous they shot him twenty five times and then they started screaming clip your hands put up your hands the man was dead and the fact that they chose to wake him up with bullets and of course kill him is completely wrong there can be no other explanation than race you know i understand that they were maybe a little spooked by the fact that he had it on a loaded gun in his lap the bottom line is that you know they should have attempted to wake him first in the united states you know an extremely for all small fraction and i believe these police officers should be in charge of murder as well there's that lives for the just come up to four am here moscow thanks for staying on auto international back in thirty minutes with the latest update.

join me every thursday on the alec simon show and i'll be speaking to guest of the world of politics sports business i'm show business i'll see you then. brisk for a single purpose. of a superman. training very young. eight months of intensive school. rats. and they save lives.

with business boom bust broadcasting around the world and covering the world of business and finance and the impact on us all i'm filling in for the washington glad you're with us coming up the break that saga continues in peace across the pond both on alternate proposals for what is shaping to be a bitter breakup of the e.u. is this even going to happen hillary for which the c.e.o. of straw market a member of the british american business associations board of directors breaks down what it will mean for the both of business plus as markets in europe quiver in china has been a quake through the asian markets and moya of a wind elin's us some insight on international in the seats and then later bitcoin

gets another delay from the essene see what's going on here crypto markets though are starting to move upward. again daniel simon the author of the insurgent cards out the complications and gives us the latest on crypto price all of that straight ahead but first let's do some headlines. let's start here with a glimpse into the finances of the world's most profitable companies aramco pulls back the accounting curtain to reveal one hundred and eleven billion dollars in profits that jaw dropping number puts the company far ahead of its nearest rival for the world's most profitable company apple so you thought apple was the most profitable it's not even close around code nearly doubled the tech companies profits the new level of financial disclosure is supposed to increase investor comfort how could it not now with that bond sell to finance aramco purchase of a seventy percent stake in the saudi national petro chemical company s.a.b. i.c. we reported that last week so saudi officials they indicated to the wall street

journal that the initial public offering for ram co is still planned it's just now delayed until two thousand and twenty one so how about this for a footnote the journal also reports that analyst at bernstein research used the newly available data to calculate a one point five trillion dollar valuation for aramco looks nice right but it also suggests that investors were correct to balk at a previous two trillion dollar valuation for aramco and other oil related issues israel's minister says the brazilian state oil company petro bras will bid for participation in offshore exploration for oil and gas the minister announced pressure brought his participation in that new bidding process for offshore drilling and head of the brazilian president's visit to israel where he met with prime minister benjamin netanyahu any toured occupied jerusalem earlier today arriving on sunday mr ball so naro who was the president of brazil he declared quote i love israel in hebrew he also is under some pressure on the trip to follow the u.s.

is leading to move the brazilian embassy from tel aviv to jerusalem and while the shift would align the also. administration with other right wing governments that have made that symbolic move the brazilian agriculture minister believed to oppose the move he fears losing foreign buyers for brazilian exports. to today british in fees they will debate whether or not to indefinitely delay bragg's it by revoking article fifteen remember article fifty that is the legal process by which the u.k. would leave the e.u. the debate over whether to delay breaks it comes after a petition to revoke article fifty gained more than six million signatures that petition it easily and pretty quickly passed a one hundred thousand signature threshold needed for it to be debated in parliament joining me now to discuss this hillary ford which is the c.e.o. of strong market on the british american business associations board of directors

hilary thank you for being here pleasure ben let's talk a little bit about this because obviously you know one of the big questions here march twenty ninth came and went yes it was supposed to be the date by which this break that happened it has not happened right now we have impedes looking at a petition to say well maybe we shouldn't do it at all or put it off indefinitely but is this just a stall tactic or a tactic being used by m.p.'s to say let's just cancel bragg's it all together well first of all the manifesto for the government has been and their stance has been all the way along they will absolutely not revoke article fifty because that's part of their platform is what in two thousand and seventeen in the general election actually over eighty percent of the electorate voted and all of them sad they would stick to the party's manifesto those people that voted for the particular party so this will be disastrous for the conservative party but i will say this i mean other than a faria said tensions of delay i mean this is being nothing but convoluted the whole way along and yes it is whether anybody wants to say it there on

a forest intentions or not it results in a delay and therefore he yes it's a delay. it's a delay tactic so. here is the european commission president he did not break that today from germany at listen to what he said here. in the book by the way the state also forbidden us from being present in any way in the referendum campaign in great britain mr david cameron of the greatest destroyers of modern times besides for that he said the commission even less popular in the u.k. than in other member states what an achievement it was to be even less popular in the u.k. than anywhere else if we had been able to take part in this campaign we could have asked and also answered many questions that are only being asked now. so it was clearly not very happy there right with history with david cameron in the centrally with the idea that they were unpopular but had we been able to insert our voice

maybe briggs it wouldn't have happened is that what we're hearing there or yes but also he did say on his way to rome on sunday evening obviously as patience has run out and when he was pushed and pressured ben about you know sort of what do you think the british public should do he did say that he would not interfere so he's been on both sides of the aisle here i will say that when he was quoted on sunday evening to a television station for the for the italians before he went to rome he did say you know patience is running out and that is the voice of international executives international business and of course the general public i think everyone is frustrated executives that have been in africa recently have told me that people in the jungle and people in the sahara to visit are talking about this and they're frustrated as well and it's everywhere yeah it is everywhere let me as john bolton came out i mean john bolton just came out on friday i believe it was the u.s. security advisor and he actually said you know when people talk about this big crash out of breck's said i'm not so terminology used he said what will the u.k. be doing the u.k. will be crashing into the united states and other words there could be

a potential trade deal and that's been an issue also the lack of a trade deal concretely from the u.s. let me ask you a couple things here because we're little bit short on time sorry a lot of your great petition that was signed you know million signatures already are there already is some talk that perhaps bots were used to get to that number because it was happening so fast i think at one point they were getting two thousand signatures per minute what it was so absolutely there's some question about whether these are even legitimate concerns is the greater concern happening in the u.k. right now that no deal can be decided on is uncertainty more difficult than just picking a path and dealing with the rhetoric a couple of questions that we have gone to the bots and that's because in two thousand and sixteen there were actually bots discovered that actually were part of the strength of the vote so yes that was an issue three cybersecurity into expert. were interviewed by the b.b.c. and all of them said with this recent petition although it might be possible to have some bots doing it they said that there was such authentic authentication that

there was a three step process including including a postal codes and unique email addresses needed for each vote yet they doubted it so i doubt with this time then but now to your second question look it is being all over the map today we will find out at five pm what the second round or the third round actually iteration of these indicative votes has been teresa mayes platform her deal has been turned down three times now so now there's the talk of it going to a fourth vote but we will know more of five pm today which of the scenarios has hopefully some sort of majority and going back to business leaders and everybody basically says let's make a decision as to what to do business is needed degree of certainty they need certainty and will know where those who have some kind of certainty a little bit of it in the ways in less than an hour from now yes hillary which the c.e.o. of strong mark and member of the british american business associations board of directors thank you so much for your time. are jumping in asia as better than

expected economic numbers have been released there is a big part of that jump by the way manufacturing activity jump by the way manufacturing activity in china expanded unexpectedly in march after shrinking for three straight months joining me now to break down the economic news is he is the chief market strategist at wanda thanks for being here so let's start with the knowing that have really been they were certainly better than expected no question about that it appears that china is rebounding not only according to government numbers also according to private sector readings here. very much and i think that the overnight releases were very positive for easing those global concerns as we saw just a broad market rally and we also saw the yields to higher across the board too which was a big concern over the last couple weeks of trading you know part of the. and no doubt over concerns about china's numbers has been the trade talks between the us and china at times those talks we can call them historically surprising how about that but the hope for the trade deal is to get done really isn't the catalyst

behind this is it. you're you're leaving to a very good point here and what i'd like to say is that the. optimism that we're going to see a trade deal has been fairly baked into the market and i do think that the overall driver though is going to be this accommodative policy stance that we're seen pretty much worldwide with a few exceptions we're seeing the u.s. pretty much signal that they're going to be on hold for the forseeable future and when we take a look across the pond the euro zone was expected to hike around summertime but that you know with all this terrible data that we've seen in germany and the region their rate hikes are now pretty much off the table and many people are expecting a rate cut as possibly the next move and then with china everyone knows china has been very accommodative they're kind of saving their bazooka of the next round of easing once we see this trade war so they don't want to unleash all their stimulus before the president the president's decide on what type of arrangement are going

to have so there's been a lot of accommodative monetary policy that's been baked in and that's really going to provide equities with the next level of support here i guess i kind of goes back to the conversation we just had about brags that it fits into this as well in terms of uncertainty it seems like the chinese are having to deal with a certain level of uncertainty at least at this point. very much so and i think once that trade war is resolved and there are expectations that we could see possibly. that picturesque meeting in more longer with presidency and trump maybe end of may maybe end of gene and even if we don't have it this summer as long as talks are constructive as long as we don't see tariffs really start to. these companies globally we're going to probably see further upside here because of that stance that we've seen across the board with all these major central banks and china is going to be ready to help their economy they've they've they've signaled

they're going to have triple our cuts they're going to provide more stimulus they're trying to really change their economy to be more domestically driven and you're going to see these measures really take place probably in the latter half of the year as i've been trying to have some positive tones here in terms of global yields firming up of that ten year treasury note are we seeing other positive signs as well aside from. very much so and i think one of the big concerns for europe is that we've have seen the german yields be turned negative for the tenure of the for the bulletins and what we're going to start to see is once we have global growth continue to gain some momentum here and there's lots of signs that it could we're probably going to see the yields start to rise and if we do see the european yields remain positive in positive territory that's going to be another. reason for more optimism in europe so right now if you take

a look at the world the us is probably the strongest. there is strong belief that the asia pacific region expression china is going to be leading the way higher there and europe is kind of towards the bottom so once europe starts to show signs of growth that's going to be kind of the all the green lights across the board in providing the more optimism for risk rallies yes certainly when you get all three of those moving in the right direction a lot of people are going to be very happy with that and more have achieved yet market strategist at zero and i think so much for your time appreciate you. thank you for having me. well time now for a quick break but hang in there because when we come back the f.c.c. has punted again on a decision over what to do with bitcoin then you'll simon the author of the cars out the complication ng gives us the latest on what's happening with. and as we go to break here the numbers at the closing bell.

after the previous stage of my career was over everyone wondered what i was going to do next. different clubs on one hand it is logical to sit in the home field where everything is familiar on the other i wanted a new challenge and the fresh perspective i'm used to surprising and i saw one on t.v. . i'm going to talk about football not the or else i just think i was going to the. by the way what is it that. we've always you got a problem of

a lot of extremism from religious perspectives and particular from within the muslim communities. and because we haven't been addressed enough effectively. it's no doubt. them our tubes rather than come out from within societies is going to give rise to the white supremacy and fire right extremists. welcome back catching up with the u.s. china trade this past friday was of course supposed to be the deadline for u.s. chinese negotiators to come to an agreement on the restructuring of the terms of trade for the two pacific powerhouse economies president donald trump waive that deadline citing reports of progress in these talks and the u.s. treasury secretary and trade representative kept of the positive reports over the weekend after a round of talks with beijing in the meantime china offered at least one policy

change sought by the trauma team on monday with a pledge now to crack down on sales of all forms of the opioid drug fit no by may first the enforcement action is the end result of a pledge made by president xi at the last g. twenty summit in buenos aires meanwhile one thing that is not making china happy the u.s. plans to sell sixty advanced f. sixteen fighter jets made by lockheed martin corporation to taiwan is the first such sell since one thousand nine hundred two and while china may have preferred that the sell not occur at all experts say they are unlikely to uphold and otherwise favorable trade deal over the sale of those jets and the president trying to spread to close the us mexico border is moving forward mr trump made the threat on friday via twitter of course the president blaming mexico for allowing asylum seekers to apply u.s. ports of entry but here's the thing they are entitled to do so under u.s. law if the cross border traffic were truly brought to a halt the u.s. would lose access to roughly half of the imported fruits and vegetables it

currently brings in meanwhile president trump has taken action to punish poor central american nations plagued by narco trafficking coups and other legacies of u.s. policy by cutting off seven hundred million dollars to three of mexico's southern neighbors el salvador guatemala and honduras white house chief of staff mick mulvaney dismissed the aid on the sunday talk show asking quote. if it's working so well why are the people still coming so much to say about that the center for global development found in the june twenty eighth report that enhanced u.s. assistance can meet the goal of reducing the need for central americans to migrate i i. or the f.c.c. continues to punt when it comes to big oil and crypto currency or exchange traded fund see with e.t.s. investors don't have to bother with the security procedures associated with holding big corn in other crypto currencies and they would not have to deal with crypto

currency exchanges some of us like to do that but others don't but for some reason the f.c.c. will not make a decision on e.t.s. for instance friday the f.c.c. decided to once again postpone making a decision to approve or disapprove two different apps one was proposed by bit wise the other by vanek solid x. let's bring in daniel p. simon he is the author of fin surgeons daniel thanks for being here. thanks for thanks for having me absolutely so while the f.c.c. is dragging its feet on the issue of crypto in between e.t.s. and i guess saying dragging their feet is giving them a lot of credit there is still major investment not only in the fin tech space but also in the crypto tech space is there not there is yeah and you know just to be fair to the just to be fair to the f.c.c. in the regulators for a second you know. it is a as you pointed out in the opening. it is going to be opening the door to

a lot of retail investment and i think that's why they are proceeding cautiously so we say about about how to treat this asset class. yeah i think that you can give them some credit for that i mean certainly it's an important issue i think under under u.s. law they have forty five days to make a decision without explaining why they haven't and it seems like since the summer of last year when the winklevoss was first tried to do this that we've kind of seen a very slow process maybe because it's so uncharted we can give them some some leniency there but i think a lot of people are starting to wonder whether the f.c.c. actually eight script maybe somewhere in there. yeah i mean look last year there were a lot of people losing a lot of money and i think there's lots of great things about crypto. and and you mentioned the book you know we're going to be talking about that in one of our chaps is. it offers really you know a range of opportunities for the financial services industry there's a lot of institutional investors in crypto but there's also

a lot of risk associated with it and i think i think that's probably what's weighing on a lot of the regulators minds right now certainly so i suppose it's not about those because you're talking about risk in people losing money there was a lot of loss that came as a result of i.c.a.o. they've slowed down certainly in the past but investments are still flowing into cryptocurrency focused venture capital a major investment firms attracting what more than one hundred million dollars for investments in early stage businesses in the crypto industry are we going to see that everything increase in q two and q three do you think of this year. yeah i think i see those are an interesting case re the potential to use the underlying technology of block change inside. as a way of capital raise is there is a really fascinating one and has the potential to completely reshape the way that the capital markets you know bring ideas to life it's been a very sort of stayed in stodgy way if you think about the i.p.o. market i see those and similar vehicles like the often lots of interesting

opportunities for investors but again as you point out it is the wild west right now there's a lot of there's been a lot of risk there's been a lot of downside there be people who've died quote unquote died with the keys to one hundred forty million dollar investments and no one can unlock them so you know i think it is uncharted territory i think we are going to continue to see the investment not just in crypto companies but also in fin tech companies across the board last year was a record investment forty billion dollars flowed into fin tech. last year that's a was up one hundred twenty percent on the year but then on the year prior and in our book that's that's a lot of what we're going to talk about technology whether it's big coin or other crypto assets or lending or remittances or payments technology is transforming the financial industry across the board well and certainly when when people talk about crypto currency and they talk about block chain those are. connected and similar

issues but still very different technologies in terms of the the overall application i want to ask you about bitcoin for instance you know big going close what the first quarter of twenty seventeen. was with him point nine one percent gains by actually really in this business a twenty one thousand i said twenty seventy so this year it's doing really well in comparison to what it has been doing certainly not december. twenty seventh doing. what we're moving in the right direction in terms of that last month was the first positive month for bit coin in a very long time and that is a month where the big point price indeed higher then it started who would have thought a year ago we'd be saying that but we're finally in that position are we finally looking at a gradual rise not just for big point but for all coins at this point. well you raise a really interesting point at the end because bitcoin is still highly correlated to

all the other crypto currency is or will largely correlated i don't want to speculate as to you know where cohen is going or where it's going to be but i will say that. you know we've certainly hit some kind of a flaw on cohen right now and i think there is a lot of long term interest in the asset class that still has a lot of potential the fundamentals are still very interesting it's a very unique blend of a currency and a store of value more merchants are taking it you see more institutional players kind of moving into the space recently i don't know if you if you guys commented on this but the state of ohio started taking taxes. corporate taxes getting paid in big cohen so there are some interesting markers that i think the bears have kind of run their course and now we might be able to see some more of the fundamentals coming out and you're seeing that reflected in the price and you know you make the point about the state of ohio which is an important point any time govern. can can

take something from you as a payment for taxes it's not going anywhere because that's almost the most protected area right there is how you are going to pay your taxes let me ask you this because you're raising a great point about the all coins and big coing in kind of the right here but the original mission of big corps in the original mission of the currency wasn't to be pegged to feel and right now it's still pegged to the u.s. dollar on just about every level and that's how people really are looking at it in terms of whether it has value or not we have about twenty seconds left how important is it to get back to the original mission of big coin in terms of being a separate entire monetary system in order to see it continue to grow quickly well ok so on that i would say there is this interesting dynamic that you're talking about the tween what i would call the narcos syndicalist aspects of crypto and block chain and the people who are really in it actually if you look at it today a lot of the money is in institutions this is the chew tional players both in

crypto and in block chain and those are the guys that are going to make it a legitimate asset class than the other gentleman technology or not daniel simon the author of the fin surgeon's being on here thanks for your time. thanks for having me. bad you can catch boom bust on youtube dot com slash. for a single purpose. they have a super. star training very young. eight months of intensive school. raps. and they save lives.

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