taylor letterman a simpler fighting health and into some of the up and comers all of that is directly ahead but first let's have some headlines. another sign of a slowdown in europe's largest economy leads our global report today as german manufacturing orders dropped sharply the latest figures from germany's federals statistical office shows a four point two percent slump in february manufacturing orders your rear that's an eight point four decline that's huge while germany is not technically in a recession it appears to be right on the cusp the last two quarters came in slightly negative and flat if it had been two consecutive quarters that were negative that would have been a textbook recession case and germany economy ministry cited a lack of foreign demand which they expect will continue to weigh on economic growth. in the united states unemployment claims have fallen to their

lowest total since one thousand nine hundred sixty nine the u.s. labor department reports the number of jobless claims for the last week was two hundred two thousand is currently two hundred and thirteen thousand. on the wage front the target corporation and now its workers will be paid a minimum wage of thirteen dollars beginning in june up just one dollar from the current base the pay hike at the nation's largest retailer is the latest step in their previously announced plan for wage increases target said they will increase or hourly wage to fifteen dollars by the end of next year. it has long been known that electric car maker tesla is storing our driving data to improve their autopilot beecher's amassing over a billion our information who also owns a tesla and according to the hacker the electric car company is putting data from its car owners even if the vehicle is junked or we still really only says he has

solid proof that even when a tesla is taken to a junkyard that it also takes along the owner's g.p.s. phone address books and call records so to test this out green the only along with his fellow hacker theo bought a wrecked test the model three they were able to surface the vehicles previous owner as well as data from seventeen different devices used by individuals who had driven it including what they described as eleven phone books worth of contact information seventy three navigational destinations as well as the video of the car's last few hours before plowing it into a tree but tesla isn't the only car company that could potentially store users' data the u.s. federal trade commission also warns drivers about parent personal devices to rental cars the controversy is how close test holds current generated data so much that owners must purchase cables close to one thousand dollars and download a software kit to get the information out of their cars to insurance companies or

for other legal reasons but this isn't the hackers only confrontation with the electric car company earlier this year green the only accused test the profiting off of open source software when asked about the stored information according to his father in a factory with that option to delete personal data in los angeles last week our team. tells that has made a grand return to the headlines today as a business world is reeling from a sharp drop in the company's stock here to help us break down its latest pair ship the sea pacific capital thank you so much for joining us peter. oh my pleasure. so tesla is a new vehicle delivery spell in the first quarter by thirty one percent in the previous three months it delivered about sixty three thousand vehicles in the latest period worse than analysts are even lowered expectations that caused a stock to drop ten percent so what went wrong this quarter. well

things have been going a lot wrong for a long time at tesla when it comes to profitability so it's really not about one quarter it's about whether or not you're going to make the leap of faith that tesla is actually going to make a profitable company out of its business i mean right now it's losing a lot of money and what has to happen to justify the current share price is that they have to make a profit but they have to do it at a large enough scale to justify this valuation and i think that's going to be a very difficult thing for tesla to do i mean maybe there is a point at which the company could be profitable but i think this stock is much higher or the price of the company the valuation is much higher than where that valuation may be when the company can finally deliver a profit yes i mean tesla has always been known to be optimistic and i don't want to downplay them for setting a very high goal for themselves but there comes a time that if you fail and fail to deliver on what you promised people are going to stop believing him and this is going to be the third time that tesla has delayed

or not met its model three production goals of five thousand cars a week it's misleading analysts where there are purposely or not and that's bad news so that's very bad news for tesla as well all street analysts are tracking it . well there are a lot of reasons not to buy tesla stock and you know also a lot more competition is coming you know to the extent that consumers want electric cars there are a lot of other companies around the world that are going to be ramping up production and so if tesla could make money when it didn't have a lot of competition imagine how much more difficult is going to be for tesla when it has lots of. from japanese companies and german companies and car companies all around the world that can deliver electric vehicles you know i have one myself and it's not made by tesla well that's not all the bad news part of the today apparently a long month has been accused by the f.c.c. that he violated his october two thousand eight hundred settlement by posting

material information about posts on twitter without first example from company lawyers can you first or minus what happened the first time in twenty eighteen and the outcome. yeah you know i warned i warned about those problems from the minute. i must send out that that tweet about about the buyout that this was another problem that investors needed to worry about if they were going to remain long the stock i mean i think the smart money. would be to get out of the stock now i mean i think there's nothing but accidents waiting to happen when it comes to tesla i mean maybe there's some more upside left if they can push the stock higher but if anything that's probably a short squeeze i think the smartest money is on the short side of this stock or certainly not invested in the stock at all. absolutely so how do you think the settlement is going to come out. so i don't know i mean but i think that's that's immaterial because i think you have deeper issues with respect to tesla as as

a business model and what it's worth so rather than being worried about some of those shorter term concerns you have to step back and look at the bigger picture and realize how much you're paying to bet on the car when it comes to buying into tesla and i think people are also buying into eon musk the name and the man and the image of musk and his genius that image that he perpetuates so i think that also comes alive and his valuation even though people aren't really looking at the stock from a fundamental perspective. that's true and i think investors could be making poor decisions if they're basing their investment decisions because oftentimes back in actually get in the way of making a clear judgment about what the business is actually worth the remember he's so wrapped up in this musk is so involved in this and mentally invested that he may not always be making the best decisions rationally going forward because he's

trying to validate his own you know his own image and his own conception of what he hopes tesla might be rather than looking at the actual numbers and having a more objective conclusion about what to do and not to mention he's also very busy with his borrowing company and space x. as well but that's all the time we have for today peter schiff the c. pacific capital thank you so much for your time. here. time now for a quick break by hank here because when we return bitcoin has seen a massive spike we sadly but what are some lesser known cuts that could be a boon tailor lettermen a simpler trading helps us delve into some of them as we get a break here the numbers at the close.

breaks it down. china has arrived in europe in a very big way and not everyone in the west welcomes this italy's support of china's belgian road initiative is a game changer the washington consensus that has dominated the world for the past seven decades is being challenged to turn to the east continues. to bernie made a better army and said if you don't buy into my ponzi scheme on going to shoot my gonna. even though the game with well known to be a ponzi scheme you see it investigated bernie madoff at least twice before they

found the boss of them and they it was a well known ponzi scheme invested by well known people massive bernie had an army now apply that to the u.s. dollar the u.s. dollar is a ponzi scheme why do people want the u.s. dollar because if they don't the u.s. military is set and they're obliterated whether it's iraqi or libya or some other place like this around and so that's what. time's right he said the u.s. dollar is worthless it's backed by law. the bridge for a single purpose. of the supermoon. of intensive school. wraps. and so you saved lives.

south korea looks poised to claim victory in the race to deploy cutting edge five g. internet infrastructure though it looks like a photo finish telecom technicians in seoul from the t.k. to corp elegy you plus and s.k. telecom say that they activated five g. hardware at eleven pm on wednesday south korean utility officials promoted this is a chief meant by listing celebrities including a k. pop band to become the first official users of the network meanwhile telecom giant horizon announced that they also activated their five g. service and chicago and minneapolis on the same day that launch appears to have been moved up by a week in order to win the race. in the south korea five g.

network is now reportedly a bailable to half of all of its users however to get the benefits of the five g. network including much of the faster transfers feeds most consumers will need to upgrade their phones to be able to be compatible. social media has entered a new era in australia as they passed a law to hold sites accountable for the posts of violent content australia's attorney general christian porter said the law was most likely a world first adding there are platforms such as you tube twitter and facebook who do not seem to take their responsibility to not show the most abhorrently violent material seriously the issue of online hate speech was pushed to the top of the agenda following the recent as long the phobic massacre in new zealand that was broadcasted on facebook for over an hour. the new law creates a legal obligation for companies to remove posts deemed by the east safety

commission to depict terrorism or other violent acts within a reasonable period after they have received notice. tobacco stocks have taken a dip today after the food and drug administration announced that it is investigating a potential safety issue with ease cigarettes according to reports a number of people have suffered seizures related to the smoking devices stroking fears that may be bad for help and in turn your investment portfolio to with more we are joined by artie's alex mahela bitch in toronto hi alex how are you. christy so alex let's start with the f.d.a. probe what is it that the agency is saying. ok so look over the past let's say nine years or so from two thousand and ten to early two thousand and nine hundred thirty five reports of mostly young people getting seizures after using e.c.a. eggs or vapor whatever you want to call them so the f.d.a. thought you know this is a little bit suspicious and this is something that we should look into now i know

the number seems pretty small i mean if this was some sort of scientific test the group would be unscientific in this in this matter but at the same time seizures i mean that is a pretty serious thing that's happening to these people so obviously the f.d.a. is taking this seriously now here's a statement from the f.d.a. it will give us a little bit more of idea what they're looking at because they're not necessarily blaming themselves so what the f.d.a. is saying is we have reports indicating that some people who use the cigarettes especially youth and young adults are experiencing seizures following their use seizures or convulsions are known potential side effects of nicotine poisoning and have been reported in scientific literature in relation to internet or intentional and accidental swallow the wing of nicotine containing the liquid so we know that you liquids go into these cigarettes and we know that nicotine is toxic so what it comes down to here is that there say we don't know if it's actually the vapors that are the problem here it could be the nicotine itself and it causes seizures if it's

taken in large amounts one one post one seems to add up to two here john hopkins medicine is saying you know what along the same lines as what the f.d.a. is saying these east of apes can help people who are smokers that smoke regular cigarettes come off of cigarettes but what they're also seeing is that a lot more young people are jumping on board and starting to use vapor also there's about seven thousand talks in's inside regular cigarettes both the f.d.a. and john hopkins says they both say that the easter eggs have less toxins but they're still toxic so bottom line either way you do it smoking is bad for you as well and i think of. a really alarming trend right now that nick salts arse so pervasive people are actually buying even liquids and so the previous generation because a set of a hit is much stronger and smoother and contains more nicotine so i think people are actually overdosing themselves. so that's exactly what's happening and that's

the problem like when we have apes you could get more or less of nicotine you get to choose when you get higher doses of nicotine like you just said i mean this is something that increases your heart rate it brings up adrenaline it can lead to a heart attack it's not something that you want to see young kids doing or young people or anybody for that matter so the trend is alarming definitely yeah so very quickly how the markets reacting to this well the markets are not liking this very much so you know here let's go through a quick board here we have a graphic for you we're talking about what's. british american tobacco and imperial brands just a couple of days ago one of the world's biggest about the producers the first one mentioned altria this stock was sitting pretty at about fifty seven eighty cents now it's fifty four dollars and eighty cents when you go over to british american tobacco has dropped about three percent this week and also imperial brands dropped but five percent they're all recovering somewhat if you want to call it a recovery but not really i don't kristie have you ever watch the simpsons in your

lifetime now. well you have it there's two characters rod and todd and they've always said smokers are jokers and that's what it is up like least the smoke if the tobacco companies are any go be jokers you're the joke's on them they're losing money and this is dealing with a cigarette and this is not dealing with debacle itself it all comes down to nicotine and the bottom line is like i said you should be smoking in the first place but investors are feeling it now too thank you so much our to correspondent alex mahela bitch thank you so much thank you. let's talk a little. yesterday about this across three exchanges today we're going to talk about the other half of the cryptocurrency landscape coins all coins have an interesting relationship with bitcoin because for the most part they trade against not the currency this means that they're priced against decline and thus by default

are correlated to some degree big quine and all quite have an inverse relationship in their value when the value of between rises then all coins are losing their big claim value and vice versa however they point is also the biggest bellwether of the market sentiment making up fifty percent of the entire cryptocurrency market and the value of a coin drops on sentiment the coin drops to as it gets dragged down along with it and vice versa but let's talk about some of the smaller nuances of opine i like to think of all coins as a small to medium stock a snake cap ball a tile and subject to heavy sudden market moves given the small market caps nature these are the high risk high reward names and those with a lot of potential and growth expectations that tend to make up a very small percentage of your portfolio because it's so risky so for these names traders and experience traders would like to position themselves defensively waiting until most of the downside have been priced in so they can snatch it at the bottom for a discount the all clear market is no different at all traders have been way on the

sidelines for most of twenty eighteen but in february of two thousand and nineteen the market is seeing increasing activity but quien has bottomed out around the four thousand dollars level and stabilized leading traders to believe that it had his it has hit the low point all to points on average have fallen ninety five percent in value relative to big quite and this significant decline and lack of liquidity and small cap allt mean that less capital is required to move the price positively now that big quake has stopped its decline in february march we've seen a sudden powerful rallies in the market and the buying momentum bulls leading to double digit daily gains. twenty two percent fifty percent sixty percent this is what we're calling the point season where big dominance wanes in favor of the cheaper more volatile points that rewards risk takers after these huge rallies traders will take these all flying positions off cashing them out into bitcoin

a much more stable asset today we're lucky enough to be joined by taylor letterman a simpler trying to talk more on all points and his top picks for underrated currencies how to hire you because you think for every good to be here so taylor let's talk about some of these under a couple currencies i know you've been in the space for a really long time and it has been one of the first technologies on the scene and they want to be everything that isn't so currently they still have the second largest market cap and there has been a few rival all points have sprung up calling themselves the killer among some are eos tron any cardon no do you think any of them have the potential to sort of if their name as the dominant decentralized player. we're seeing cost of development across all these coins and their blog chains but the way i kind of like to look at this is kind of like a social network so we do your social network through you tube your facebook twitter instagram whatever it is we're looking at is the activity in gauged on

those platforms and that's how we kind of factor in which ones are valued at more of the others because ads but and so on and so we do the same thing with cryptograms the same way we want to see the number of followers going up or the number of active users on a social media we will see the number of active addresses going up to something like more instagram post with encrypted currencies we want to see additional transactions occurring the value those transactions the average transaction value really seeing the growth of the network and so we can start looking at some of these coins and weigh them against the others as you which ones have higher average transactions which one has more active addresses and so we can start to kind of factor of the growth of each network first the other and so right now each of them have some dominating aspect of that equation or algorithm our we want to where we want to call it right now if there was still going to be top dog i don't think it's going to be unseated anytime soon but what we have to look at all these is again as a sort of a compromise between scalability and security and that's where the debate really

lies and some of these platforms are looking at which ones are going to scale faster and which ones are going to be more secure they all kind of take a different approach to that so it with time will start seeing which ones are stepping up and really challenging at their home yes i'm glad you brought security another very important sector is privacy so there are lines out there that focus solely on privacy security and anonymity so who are the strongest players in that space and which ones are you watching. minera has been top dog for a bit they have just over a billion dollars in terms of market cap. kind of solely growing they've kind of it's been fairly steady growth from a narrow there hasn't been a lot of new developments as of late but there's no new challenger really stepping in but there is one dark horse in this race and i think that's maybe like going which currently isn't labeled as a privacy token but there's a lot of speculation around like one becoming a pricey token and i'm excited to see has available progress on that front and sea of like when you can really unseat the top going to have the most already with.

very excited to see how that actually plays out because as you mentioned that is a huge dark horse and very unexpected player there are other coins are looking to adopt minimal in laws while it might just become just something that every single point. absolutely so what about payments payments is another sector that i really like to look at because that's a huge multi-billion dollar business and cryptocurrency and there are a lot of points out there who are trying to disrupt it so what are what is your top candidate for disruption. so right now i am looking at both ripoll are an excellent or stellar in this case a stellar kind of bag by. rebel growing in partnerships both kind of trying to attack this settlement of payments globally focusing on partnering with banks and larger institutions so it's just a race and i quire more of the market right now between those two i think there's still a lot of debate around the longevity of the actual token functioning on the rebel network steller is still kind of the early stages of development as it really

produced anything of significance yet more as ripple has been kind of chugging along in that area so it's just between those two the route close in terms of market cap ripple does away stellar right now i i think that one's really up in the air i don't i don't see any. dedicated winner or clarified what are just. ways follows rep on training as well but there's also let's also talk about some decentralized exchanges this is been an idea that's been floating around we don't like to centralize exchanges much our earlier because they were always slow projects here are you looking at. yeah and just for some history on there's a decent legacy is it's a fantastic idea we just haven't seen executed very well you know what there's lack of liquidity so if there if you can't really trade on the exchange because there's no liquidity you're not initially going to go find a different exchange and so you centralize exchanges haven't really got any momentum as of yet and we've seen issues with centralized exchanges being hacked

expressly recently with quadriga the canadian exchange of the founder passed away the last of private keys the passwords and everyone there lost their funds for a bit and so what we want to see is this sort of. well the exchange is actually building some momentum and having enough volume and trading going on that we can actually utilize it one exciting one coming up right now is buy nance's decentralize exchange to finances the top crypto currency exchange and it's essential as exchange in that aspect in terms of volume and just a trading volume and so they're winning that race but they're also going to go out of the decentralized exchange space by launching their disability exchange at the end of this month and i just found out this today it was announced at a conference in singapore and so they're attacking this enjoy the exchange space and i think they have pretty much going to take the whole that whole market over absolutely have all the cards they dominate trading on extension centralised exchanges as well they are killing at a teller letterman currency analyst at simpler trading thank you so much for your

time. that's it by this time by you can catch boom bust on directv channel three twenty one dish network tell it to eighty are 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 boom bust r t c n x time. young elephants have come to us. especially brutal plotting incidents because sadly the baby elephants often do see their mothers be killed but also be caught up unfortunate. i do believe they laugh and smile i see its interests little ones they all say so they express some changes.

in the. u.s. veterans who come back from war often until the same stories. were going on for the people who were killing civilians they were not interested in the well being of their own soldiers either there already several generations of them so i just got this memo. that says we're going to destroy the government in seven countries in five years americans pay for the wars with them money others with. 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 easiness for. why they do get is an outstanding person

because he took. the most powerful agency in this county or you'll be the state if you look at it from the before now and. mark was the day that when he was fighting that alliance. do going to be in the sheriff's most contentious critics say he is the first time i noticed something wasn't right in fleeced work pretty much when he first started the corruption in palm beach county is not something that you can smell it seems like it's a nod and a wink it wasn't what i wanted to do. we've had more shootings in this county then some states have had collectively drug and went to his website began featuring comments about guns as family the sheriff might then. squash you like a bug you know we should stop then you should say and i'm left with stuff i believe what i'm doing also it's ok you know it's your funeral building f.b.i. raided p.b.s.

a critic in the house. i snuck out of the united states. into russia political. men they know bad wolf. u.k. prime minister begs europe for yet another delay to briggs at this time until the end of june but it seems that some e.u. members i'm not convinced. wiki leaks says that its founder julian assange will be expelled from the ecuadorian embassy in london within hours to days to high level government sources that would end the whistle blow

a six year stay in the building. its own. responsibility to eliminate this risk we own it and we know how to do it and the head of boeing admits for the first time a systems failure was a factor in a recent seven three seven crash that claimed the lives of one hundred fifty seven people.