by the way what is the fly here. this bridge for a single purpose. of a superman. training very young. eight months of intensive school. reps. and they save lives. so security council should have a mandatory one percent of all stock bonds for x. transactions to go into social security so that every individual will say when they become eighteen they've got fifty sixty seventy thousand dollars in there that they can go spend on college if they want to that's a that is a that is an extra analogy of this economy that's being recycled repurposed regenerated into an ecosystem an economy that is like more mimics that of nature.

will business boom bust broadcasting around the world and covering the world of business and finance and the impact on us all i'm been filling in for paula chilton the washington glad you're with us coming up the break that saga continues as in peter cross the pond vote on alternate proposals for what is shaping to be a bitter breakup of the e.u. is that even going to happen hilary ford 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 this plus those markets in europe quiver china has since the quake through the asian markets and more of a window in the summer. insight on international in the seas and then later bitcoin

gets another delay from the f.c.c. what's going on here crypto markets though are starting to move upward again daniel simon the author of the fin search it carves out the complications and gives us the latest on crypto prices all of that straight ahead but first let's get 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 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 or you related issues israel's energy 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 its 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 bowles the 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 narrow 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. so 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 in pieces 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 in peace to say let's just cancel bragg's it altogether 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 all their nefarious intentions of delay i mean this is being nothing but come to.

looted the whole way along and yes it is whether anybody wants to say it there on the forest intentions or not it results in a delay and therefore he yes it's a delay tactic it's a deliberate act so. here is the european commission president he did not break that today from germany listen to what he said here. by the way on this that 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's even less popular. than any other e.u. member states what an achievement it was just now. so it is clearly not very happy there right now with history with david cameron and the centrally with with the idea that they were unpopular but had we been able to insert our voice maybe briggs it wouldn't happen is that what we're hearing there oh yes but also he did say on his way to rome on sunday evening obviously his 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 i mean 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 breath 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 thing. here because we're little bit short on time so i know you're great

the petition that was signed yes a million signatures are already out 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 yet 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 of 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 experts were interviewed by the b.b.c. and all of them said with this recent petition although it might be possible to have some votes doing it they said that there was such authentic authentication that there was a three step process including including a postal codes and unique e-mail addresses needed for each vote yet they doubted it

so i doubt with this time then but now to your second question look it has been 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 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 we'll know what those who have some kind of certainty a little bit of it in the ways in less than an hour from now yes hilary which is c.e.o. of straw market member of the british american business associations board of directors thank you so much for your time. or jumping in asia as some better than expected economic numbers have been released there is a big part of that jump by the way manufacturing activity in china expanded unexpectedly in march after shrinking for three straight months joining me now.

breakdown the economic news as he is the chief market strategist at wanda ed thanks for being here so let's start with the number has the band 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 growth concerns as we saw just a broad market rally and we also saw the yields tick higher across the board too which was a big concern over the last couple weeks of trading you know part of the reason no doubt over concerns about china's numbers has been the trade talks between the u.s. 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 leading 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 there of 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 and 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

a 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 there are expectations that we could. see possibly. that picturesque meeting in more largo 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 hurt 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 seen other positive signs as well. 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 burns 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 u.s. 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 it. thank you for having me. the time now for a quick break but hang in there because we. 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 fin surgeon's carves out the complication ng gives us the latest on what's happening with crypto. so what we've got to do is identify the threats that we have it's crazy. let it be an arms race. spear in dramatic development only. i

don't see how that strategy will be successful very critical. to sit down and talk. you know world of big partners. and conspiracy it's time to wake up to dig deeper to hit the stories that made stream media refuses to tell more than ever we need to be smart we need to stop slamming the door on the bad shouting past each other it's time for critical thinking it's time to fight for the middle for the truth the time is now we're watching closely watching the hawks. 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 wave that deadline citing reports of progress in these talks and the u.s. treasuries. terry 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 g. 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 corp 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 threat

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

. or the sea continues to punt when it comes to big calling and cryptocurrency ups or exchange traded funds seen with e.t.s. investors don't have to bother with the security procedures associated with holding bitcoin 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 a big point 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. and 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 how to treat this asset class. yeah i think 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 is 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 crypto 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 are some out there certainly so i suppose it's like 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 attracted 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 i was an interesting case re the potential to use the underlying technology of block change inside. as a way of capital raise is a 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 pointed 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 though 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 going 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 points 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 currencies or 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's this interesting dynamic that you're talking about the tween what i would call the narco 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. well that's it you guys boom bust on youtube dot com slash boom bust or to. join me every thursday on the all excitement and i'll be speaking to get us out of the world of politics sports business i'm show business i'll see you then.

social security accounts should have a mandatory one percent of all stock bonds forex transactions should go into social security so that every individual will say when they become eighteen they've got fifty sixty seventy thousand dollars in there that they can go spend on college if they want to that's a that is a that is an extra analogy of this economy that's being recycled repurposed regenerated into an ecosystem an economy that is like more mimics that of nature. and there was a crime scene used to do crack when i was a little kid my dad he was like oh just so you know like what i needed when i was a baby boy i had a big shows. there's always playing single mothers in african-american communities

ever since slavery. i think it's more of an issue these teenagers having kids in you can expect a fourteen or fifteen year old first daughter now order for him maybe a far there and he's a check out. we actually lost our place in october my car you know breaking down and i was unable to get to work on time sunday let me go in with my paycheck that i bring home i have nearly enough to pay my car insurance. for a single purpose. of. training very young. eight months of intensive school.

rats. and very safe lives. i think is an outstanding person because he took on the most powerful agency in this county for you'll be to stay if you look at it from the analogy. marc was the day that when he was. going to has been the most contentious critically he is the first time i noticed something wasn't. pretty much when i first started the corruption in palm beach county is not something that you can. see it's. a wink. we've had more in this county then some states have had. to go to his website

began featuring. his family and. you know i wish you'd stop then you should stay on the left and stuff i believe what i'm doing ok you know it's your funeral. in this house. of the united states. political. men they know. you had his fights are returning to europe posing as a refugee is reportedly issued with a. call to one of some sixty four thousand times out by the e.u. the new comes. the u.k. is facing backlash over its attempts to relax the ban on sales to the founding of

arabia and british special forces reportedly fighting on the same side as a child soldiers in yemen. and with a deadline for leaving the e.u. just ten days away the british called from jackson hole tabled options to resolve the breadth and deadlock making the prospect of crashing out without a deal more likely. prime ministers deal that is good morning coffee.