retrospective bad news cutting their estimate for global trade growth for last year to an even three percent that's down from three point nine. more fallout from tuesday's decision to buy an s. four hundred missile defense system from russia which we reported earlier well now the u.s. department of defense the d o d has canceled the delivery of equipment needed to operate f. thirty five fighter jets made by lockheed martin through a spokesperson the department said this quote pending an unequivocal turkish decision to forgo delivery of the s four hundred deliveries and activities associated with the stand up of turkey's f. thirty five operational capability had been suspended reuters reports that the d o d is trying to sell turkish defense officials on a patriot anti-missile system made by raytheon as a substitute for the s four hundred well meanwhile the turkish foreign minister is expected to attend a nato summit in washington this week perhaps making for some interesting discussions there especially in the wake of notable election setbacks for the turkish pressure the president and his long ruling justice and development party in

elections this past weekend. a china looks to be about to vastly increase purchases of american ports imports may rise as high as three hundred thousand metric tons of pork in twenty one thousand that would be an eighty one percent increase over the one hundred sixty six thousand tons imported in twenty seventeen truthfully though that number could really be much higher depending on the toll that african swine flu ultimately takes on china's pork industry joining me now to discuss this thought horwitz the chief strategist with bubba trading and fred kaufman author of bet the farm farm gentlemen glad that you're with me fred let's start with you african swine fever so far about one million pigs have been selectively slaughtered in china in an attempt to stop the spread of swine flu how difficult is it to get a pandemic like this under control. well ben it's a it's a hell of

a start to the year of the pig isn't it it is very hard to get something like this under control the chinese just last month reported one hundred fifteen cases of the outbreak of the flu and there's a big problem in terms of the globalization of and the movement of food and so of course there are chinese imports coming here we've got the sniffer beagles at the border get swine flu the entire herd must be as they euphemistically say cold that is killed it and again in an under report from china they have already forty of the cull more than six hundred thousand pigs this is a this is a big deal but of course it offers an opportunity for those who want to make money it's been quite a run for lean pork futures this past month we haven't seen anything like it since one thousand nine hundred seventy three then i'm sure a lot of our viewers remember two thousand and nine two thousand and ten when there was a swine flu pandemic here in the u.s. how does what happened here in the u.s.

almost what ten years ago compared to the outbreak that china is facing right now thing rather large and devastating in china and the numbers are are mind boggling i mean what we're hearing from a number of sources is that china is going to have to import more than two hundred thousand metric tons of pork to make up for their demand and of course that is sending the futures spiraling upwards the strange thing here is you have this bizarre asymmetry in the markets because the same time we are seeing the hogs feed the soybeans in the doldrums and what we're looking at are all these externals due to the trade war that's been begun by the trump administration which is really throwing these markets out of whack absolutely todd you know with that in mind the u.s. obviously looking at supplying the huge amount of pork to the chinese already as you heard there something like two hundred thousand metric tons expected to be provided by the u.s. and that's just the first half of this year and some are calling even that estimate pretty conservative would say you. are. oh of our thinker i mean i think

that again i think that's overstating the obvious i mean we've got you can see hawg futures yes they're up forty two percent in the last six weeks however if you go back to the p.d. virus of a number of years ago back around two thousand and twelve hogs are trading at a dollar thirty three they're trading at ninety two cents right now so at the end of the day again the markets are very efficient for again what they're going to need and hawgs of course can can recreate very quickly the other quicker species to recreate themselves so it'll get under control the markets are not in a state of panic whatsoever what's going on here we've had a couple of it i'd love it up days but if you take a look at the overall market picture this hawgs have been under control and had one big rally that took us up and here we are settled around the brown the ninety cents to ninety five cents i think that's telling you right there that it is not a major panic and at present nothing to really be worried about right now again we go back to the t.v. very weird as high as a dollar thirty three so you're making the point in that that where we stand right now isn't actually as high as what maybe some people would expect it to be when we

talk about futures being up or even being way up maybe not as high as as they should be and what's going to take to get them there again if they're if there is going to be a real panic and there's going to be an unbelievable demand for hawgs then these prices are not even close to where they're going to go i mean we've got another fifty percent higher that we can go but again based on information based on what's out there the markets are tell you that this is probably pretty much towards the end we know that how much they may have to import we don't know what they're going to have to do but here we are at the price and the price one thing you know you can argue with is you being the extra urban know you can argue a price you can argue with price for you know with the mention here about how quickly pigs replenish themselves i guess is that we're like a better term i mean how long does it take to get something like this under control and to completely move out a swine flu pandemic when we know that in two thousand and. mentioned it took all

the way to the end of two thousand and ten really to see it kind of come under control here in the u.s. how long do you think it'll take this time. it's hard to tell because of the extra analogies i mean i mean what we're what's different today is that we no longer have a most favored nation status in terms of important export it used to be the tariffs were twelve percent now import tariffs on the u.s. court to china are at sixty two percent and it's because of that that's going to tempering effect on the price as as we've just seen brazil is really eating our cake brazil is the one that's really benefiting from from their export to china at this point so because they it's a very different situation because of this monkey wrench that's been thrown into the situation with the tariffs both in the soybean market in the protein market and across the board internationally so it's going to be hard to tell and talk to what you want to that point i mean i saw you shaking your head no here in this clip box so at this point do you feel that that is not the case. that

we are going to a very official problem here is that we've got oversupply is right now so that's why we can't get price of we can we can talk about target we can say it's because of terrorism but the bottom line is is we've had three years of bumper to bumper soybean crops where there's no place to go so you can buy all of you out let's get a weather event and i assure you that there will be no more oversupply of soybeans and again right at the market so between all of this that is good the terrorism why prices are low prices are actually higher today than when the terrorist first started so again it's all comes back to the supply and demand model of right now we've got plenty of supply so it's not forcing shortage or prices to rise all right or once a bubble trading for a kauffman author. both of you even though you don't always agree that's what makes for an interesting conversation thank you both. thanks a lot. well i told you it was about to happen and sure enough big calling saw a huge price spike overnight at one point. jumping above the forty eight hundred

dollar mark it's the first time that has happened in over four months how about that now it's come down just a little bit since then but finishing the day fourteen percent of the other good news here it brought all the other all coins with it theory of dash like point everybody's up double digits but if you want to see something beautiful take a look at this chart showing the price of big thing almost a thousand dollars above where it was just a week ago and now no one seems to be quite sure why this is happening but maybe just maybe because bulls are finally waking up fingers crossed. time now for a quick break but hang in there because when we return we continue to analyze what the swine flu outbreak means for stocks and we break down some of the other big news in the tech and health sectors with daniel shea the director of operations over at simply trading and once again face book back under fire this time on the other side of the globe as the social media giant role in the indian election is coming under scrutiny conservative t.v. and radio commentator steve malzberg and argue producer. of the details and tell us

what this means for the world's largest democracy and as we go to break here are the numbers of the closing bell. manufactured. to the public well. when the ruling classes protect themselves. with the prime. time we can all middle of the room sit.

room. for a single purpose. of a super. training very young. eight months of intensive school. wraps. and they save lives. seems wrong but. just don't call. me. yet to stamp out. the conflict that's occurring and in detroit equals betrayal.

when something find themselves worlds apart we choose to look for common ground. we're going after the people who were killing civilians they were not interested in the wellbeing of their own soldiers either they're already several generations of them so i just got this memo from the circular defense offices we're going to attack and destroy the government and seven countries in five years americans pay for the wars with them money others with their lives if we were willing to go into harm's way and willing to risk being killed for a war surely we can risk some discomfort or uneasiness.

welcome back we're taking a look at some of the stocks that are doing well and some not so well joining me now to break it all down for you is danielle shave the director of options for simpler trading danielle thanks for being here. thank you so much i know you got to listen in to the last segment break on the swine flu pandemic in china and we had some disagreement there so let's start our discussion here following up with that a look at china's age group they announced their fourth quarter net profit fell seven percent to two hundred ninety million dollars group owns u.s. based smithfield foods and they're reporting that the average for prices in the u.s. dropped nine percent in two thousand and eighteen due to higher supplies from an expanding slaughter sector so how does this china swine flu affect the overall outlook for that company not just here in the states but abroad as well. so first of all when looking at this company i would also say that one of the biggest impacts has been the trade wars i mean we cannot survive that and so first of all you know you have trade wars impacting pork products and then on top of that you

have the swine flu so while primarily in the beginning there is an oversupply problem and now the swine flu problem has actually occur it will actually help the stock price because now we're not going to have that oversupply so i think that it's going to eventually send those stock prices higher you came to switch gears just a little bit because i think in case people are tired of talking about pork it's like about amazon here because it's announced that it's now slashing prices again at whole foods and that's lowering prices you know at whole foods they did this one twenty seventeen when they first took over amazon did this is now the third time that amazon has discounted items there are these price drops actually helpful to customers or is this actually more of a marketing tactic in the end. well i think it's both actually amazon and jeff bezos i mean they are going to take over the world amazon did it initially with the prime subscription their entire goal here is getting customers into that customer base into that ecosystem and amazon has proven that people who are prime members

spend far more on amazon dot com than people who aren't you know so now what they're doing is they're taking their base and they're pushing them into a whole foods lowering the price is target. and their huge subscriber list and i think it's going to be great for amazon and for whole foods it's an interesting concept i don't know if you if you have the if you're a prime member of you have the prime absolutely for it do you ok so i know i'm a prime member and i order everything on amazon and now i definitely want to start going to whole foods now that it's cheaper well right and so i've been an amazon prime member for a while and i've gone the whole foods and they tell you when you get to the register and you know to use your your little app specifically for whole foods and get your discounts i got to tell you it never saves money it seems like two dollars and at the at the end of the day and the whole foods is so expensive as it is. to me like there is that gap there between saving as a prime number compared to what you get on amazon and amazon they make you feel like being a prime number is actually worth something to those that need to be worked on or is

it just me. you know i personally haven't tried it yet but what i think it is i think it's the long game and i think the more and more that they can publicize that they're cutting prices even further i think that in the long run it should help members feel that it's a huge benefit and it should actually push them to the store well not such good news for walgreens will shift gears again because that company misfortune as they've now lowered forecast for the rest of twenty nineteen in the c.e.o. called q one of this year because of the most difficult quarter since acquiring that european drugstore chain alliance boots back in twenty fourteen we have a chart there that shows the drop off it looks like a diving board how does walgreens improve performance moving forward if this is the case. so look at walgreens in the performance there i mean a lot of this was caused by the margins on their generic drugs and i would also say that they need to work on pushing additional products and partnerships one of them

is that they have mentioned as a partnership with microsoft and they've also talked about putting c.b.d. products in their store which i think that could be huge as far as bringing in a younger customer base that would then spend more money within the store. get c.b.d. in there fixes everything daniel say the structure of options and some fair trading thanks for your time. catching up with the regs events that we previewed yesterday a day of voting in the british house of commons on four breaks it options it didn't really do anything to clarify the situation while none of the four options received majority support from the commons the option that lost by the smallest margin it was a proposal for a post brags that customs union with europe from him peking clarke of the ruling conservative party so that option went down very narrowly on a vote of two seventy three for two to seventy six against after a seven hour cabinet meeting earlier today prime minister theresa may pledge to quote break the logjam and press for a short extension of the break the deadline passed the current april twelfth

deadline pushing the not to may twenty second the prime minister also invited opposition leader jeremy corbyn of the labor party to work with her to craft an agreement that select committee and m.p. hilary benn of labor reportedly replied this quote after two and three quarters of the years she now said that she wants to reach out but we've been here before and quote. by apple and chinese tax officials have effectively lowered the price of i phones listed on the official chinese online store from sixteen percent to thirteen percent took effect on monday april first and it was no joke apple then directly lowered prices for their most recent seven eight and x models between three and five hundred young the price of apple's flagship product is under some significant pressure as chinese growth in demand for pricey phone seems to flag and more affordable competing goods for makers including while way into a market of consumers that seem increasingly immune to apple's once decisive advantages on design and ease of use meanwhile the trump administration's trade

fights are threatening to snap apple's global i supply chain creating uncertainty and pushing up prices of inputs. and op ed by facebook founder mark site. burden is raising eyebrows the social media giants founder claims that there needs to be more control over social networks from governments around the world like a bird called for four different policy areas that governments should focus on harmful content election integrity privacy and data portability was october and did not call for predictably breaking up giant tech companies and that might make since joining me now to discuss facebook's future its role in the indian elections conservative commentator steve malzberg and our t.v. producer brant aboard guys thanks for being here. so steve i'll start with you you know zuckerberg sounds pretty self-serving i got to tell you he's calling for greater regulation because it sounds like what he's really saying is this it's easier to regulate one giant company like facebook than to control lots of smaller companies and that kind of sounds like the poster child for cronyism does it not.

yet it kind of does and i'm not surprised you key phrase there was self-serving in so many ways because this man you know that the call is out there a break up the big tech companies by some like elizabeth warren which we discussed on the show on friday here on blue bus but facebook always seems to grab the headlines of being the most trouble there's a hard lawsuit against them for last week for discriminatory practices in the housing advertising there's investigations by the f.t.c. here the f.c.c. the f.b.i. and reports of a grand jury that's convened in new york's eastern district looking into data sharing so you've got overseas problems for them a data protection commission in ireland says that ten of the fifteen ongoing investigations involve data usage by facebook instagram or whatsapp it's sad it's all over the world they're in the spotlight so he's self-serving as you said it leads to cronyism if they could stay together but also it's trying to

preempt and show hey i'm being a good boy here don't punish me anymore stop investigating me yes stop punishing me and let's get rid of all the competition and now behave you know. most self-serving claim here and he had a lot of them was when he called for regulations regarding data portability he said this quote if you share data with one service you should be able to move it to another this gives people choice and enables developers to innovate and to compete now we know mark zuckerberg does not want anybody innovating or competing with him but it sounds like what he's actually saying here is that he wants data portability in reality facebook owns nearly all social media platforms major ones facebook instagram messenger and whatsapp so how would this if at all actually help in the consumer why. well the short answer is it really doesn't help the consumer in the op ed mention the way they use facebook aside and other services so you know sometimes you'll open an app and it'll say create an account or site in with facebook that's kind of what he's talking about

a little bit there so he's sharing data basically the data that facebook has and sharing it with other services is also talking about sharing it throughout platforms which is very easy when it comes to facebook what that message are and instagram they're fully integrated when you show content it really displays well which can be very helpful and what they're all trying to do is drive traffic back to facebook which actually is making a profit but i think as big of a profit i mean there's no money station really on whatsapp or messenger but try sharing a tweet on facebook it gets mangled and that's why you send to see like a lot of people do screenshots of tweets rather than actually just sharing the post and it also appears as he's saying we want to share your data in a beneficial way to the consumer but also we want to share your data in a better full fishel way to facebook yeah i also doesn't say let's stop collecting the data over which is why you can get in trouble for so let's talk about brand also facebook's numbers so for all the trouble they get into and have been getting

a teen show total revenue and profit reaching record levels we're talking about a company posting a thirty percent jump in profits why facebook doing so well in spite of all the scandals they faced in the last year i think it's a lot about demographics those in the younger generation we tend to look at facebook i don't want to say we but people look at facebook as the old people's social network with users under the age of thirty preferring instagram twitter and snap chat but the big money demographics those within the thirty to sixty four age range are more active on facebook and facebook users also tend to have more disposable income again likely due to that large age gap so while instagram and twitter they do run sponsored ads you could see that they are intended for a younger audience beachwear. as they advertise it but take a look at the ads you see on facebook they're for furniture stores mattress companies high dollar products that their users are actually more likely to use and buy and when it comes to the web it's all about clicks all about clicks all right so facebook has kind of run off

a lot of their audience that's what they've been doing and in part it's part of their election integrity efforts right so steve you know monday facebook announced that it removed over eleven hundred pages groups and accounts that it claims it flagged for quote i love this term coordinated inauthentic behavior so how do these decisions by facebook protect the integrity of elections this is all happening in india right now because facebook's trying to save the indian elections right the thing is this and facebook is controlling who is allowed to spread messages during an election isn't facebook itself affecting the outcome of the election. i couldn't agree with you more especially in a country like india with three hundred million users and facebook is a big political tool probably a lot bigger than here in the united states and they make that decision as a site to decide here who's going to get bad and who is going to be able to stay who's going to be deemed to be hate speech and hateful but to what extent taking their side for a second there they've instituted ways of identifying the people who post these ads

many of the removed ads in india's election for instance supposedly are linked to india's opposition congress and sums to the pakistani military and then they falsely you know they portray themselves as somebody else so at least they're taking steps they say and we have to go on their word to identify these people who are lying and paul but you're right when they're in charge of the candy store they get this they get to decide what's on the candy store shelves so we have to do this quick got about thirty seconds left twenty twenty is on its way the election facebook is going to claim you know that how they've been protecting in india they want to protect here as well here's the thing you were describing some of the actions by these accounts but isn't this the same thing that a political. action committee does mean bottom line they make claims and then someone needs to fact check it but are they could all get pulled down or only the would know he was going to survive right now while the state pm the pacs you know who they are they tell you with a pac so facebook has put this full disclosure rules in effect and they're going to

identify every yet you're going to click on to pay for icon it's going to tell you who did it how much they paid the demographic of who's seeing the ad which right now anybody could just say that they're this person and you don't know so that's what they're fixing not the message all right conservative commentator steve malzberg r.t. producer brant warr guys thanks for your insight. thank you. well that's it for us this time you can catch boom bust on directv channel three twenty one dish network channel two eighty or streaming twenty four seven on pluto t.v. the free t.v. at channel one thirty two or as always hit us up at youtube dot com slash boom bust our team have a great day. she

used to do crack when i was a little kid but he was like oh. so you know i got like what i needed when i was a baby but. there's also i think it's more of these teenagers having kids. you can expect a fourteen or fifteen year old first daughter how old are you now for a hand if you're far there any child. lost their place in. my car and breaking down and i was unable to get to work on time sunday let me go with my paycheck that i bring home i have nearly enough to pay my car insurance. thing. a comedian who has won the first round of ukraine's presidential election. doesn't

have strong policy positions maybe his greatest appeal though he made it clear corruption is ukraine's biggest challenge fixing ukraine's very serious problems no . i mean more to gain 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 critics say he is the first time i noticed something wasn't right. pretty much when he first started the corruption in palm beach county is not something that you can smell it. it's. a wing it wasn't what i wanted to do. in this county then some states have. to go and went to his website began featuring

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i. i. general cheered see in the u.s. congress as he talks of countering threats including from russia. spain struggles with the number of migrants arriving by sea smuggling gangs and cashing in on the refugee crisis investigative journalist shares with his a rare interview with one of the human traffickers involved. over reports one week and there are two thousand dollars in effect until four thousand. you get to thirty to fifty plus one room to put into your books probably at the moment. an industry a poor town in the south of france is suffering from severe pollution with local.