by the family of sun. mr moore was a public health expert en route to kenya when she died she is also the great niece of consumer safety advocate ralph nader the u.s. suit alleges quote blinded by its greed boeing haphazardly rushed the seven thirty seven max eight to market with the knowledge and tacit approval of the united states federal aviation administration some other neda spoke to the reporters about why they're aiming to bring the suit against the manufacturer. those in charge of creating and selling this plane did not treat simula as they would their own daughters. we as passengers need to demand that planes be safe so that no one else dies profits should not come before safety and we are making this effort here to hope prevent a third crash. the suit follows findings by investigators of similar technical

problems in the crash of flight three zero two and the october two thousand and eighteen crash of lion air flight six ten which killed one hundred eighty nine people the company's stock has been flailing somewhat over the past month but it has managed to recover around three ninety two today well below its price one month ago around four thirty. this morning the bureau of labor statistics announced the jobs numbers for march and the results were better than expected one hundred ninety six thousand jobs were created last month slightly higher than one hundred seventy five thousand dollars forecasted that is a big turnaround from the very disappointing twenty thousand number in february which was revised up to thirty thousand thirty three thousand in the latest report the unemployment rate remained unchanged at three point eight percent for a closer look at the jobs report we're joined by conservative commentator steve malzberg welcome steve. great to be here thanks for having me steve right on this

down for us and tell us about their innovations and how the various demographics did in march and how the way to. yeah well wage is legit asked about that wages increased by just a tenth of a point in march and year to year they were up three point two percent which is a slight decline from the year to year after a february is numbers came in revisions for january you mentioned february up thirteen thousand from twenty to thirty three makes it a little more palatable but for january we were also up one thousand three hundred and eleven thousand three hundred and twelve thousand a three month average is a healthy one hundred eighty thousand jobs labor force participation that take down for the first time in several months from sixty three point two percent to sixty three percent even and the demographics remain pretty steady adult then the unemployment rate was three point six percent women three point three you had white

said three point four black unemployment six point seven and hispanics four point seven percent so not much changes in those demographic numbers. but it was an american munger manufacturing was. no manufacturing lost six thousand jobs this was after a i think a one thousand job gain in february but still four hundred fifty three thousand retail also lost twelve thousand jobs after a twenty thousand decline in february now on the bright side on the plus side health care up forty nine thousand jobs leisure and hospitality thirty three thousand and construction again sixteen thousand and that's a total of two hundred forty six thousand jobs in construction in the last twelve months that's a lot of numbers at the end there so all are not a very good report but what is the economic outlook do you think going forward. i think some confidence has been restored after last month's twenty thousand jobs

which i think is proving to be an anomaly. the news on wages is likely to keep the fed and the hands off mode inflation is a concern and many are actually expecting the rate decrease from the fed by the end of the year and i think today's numbers show the economy is not stalling consumer spending is a bit flat gas prices are about fifty percent higher from their low this year but we're on track for two percent growth the wild card china and the trade talks in a trade deal will there be one who knows but all in all i think the economy's in pretty good shape right now so we're definitely hoping that the china trade deal closes very soon and this has been dragging its feet where really a long time in the market is not liking a very much steve mark and there is a t.v. and radio commentator thank you very much but pleasure.

straight ahead of may's national elections the reserve bank of india's monetary policy committee voted four to two in favor of cutting the rate charges retail banks to sixpence. sent down from six and a quarter and official r.b.i. statement cited headwinds in the global economy to justify the second rate cut in recent months on wednesday the sensex stock index in bombay was already trending higher on the expectations of a rate cut coming out of thursday's m.p.c. meeting indian policymakers appeared to be focused on the growth and are allowing some risk of inflation in the end of the r.b.i.'s target limit of four percent. the demand for smartphones is on a sharp decline and major players in the industry are feeling it samsung says that it may see a sixty percent drop in operating profit year over year as a chill has some market r.t.s. alex mahela vege joins us from toronto with more hi alex aria. how are you going to

see again so i like let's start with samsung what's the latest. well as you just said the me we know samsung they're a massive technology giant at sixty percent in operating costs year after year that's when you're considering the first quarter of two thousand and nineteen much of this obviously has to do with smartphones as we're talking about and one big indicator here and when you think sam so you know we might think of their galaxy phone or their phones but samsung goes beyond that samsung supplies many parts chips and screens etc to other cell phone makers so they've seen a big drop of scent is just samsung is feeling this drop in consumers want to for so phones or shall i say smartphones in general now one of the big factors here is when you turn this around the amount of money that is being lost here so the company estimate that operating profit for the first three months of two thousand and nineteen will total five point four billion dollars now that's lower than expectations from analysts that have

a ready lowered their expectations so you can see that this is definitely a trend all across the board all across the world when it comes to these phones they're looking at when they're going to publish their report their earnings and later in april brought a fourteen percent drop in earnings so that is substantial for a company like samsung. as i'm sure others mapping companies are feeling as well such as apple but why do you think there is this sudden shift in consumer behavior why the sudden decline in demand. well that's a good question and it's also like what are these other companies of what's happening to them we know that wall way who is actually doing very very well is also seen a decline and as you just mentioned apple we're looking at nine billion dollars and from there they were revised their q one so the guidance forecast is dropping by up to nine billion dollars in revenue that's absolutely because of as you know when it comes to apple core part of their business is the i phone itself so they're seeing exactly like samsung they're seeing this decline and they're seeing it massively

now that a lot of the. you have tim cook coming out and saying you know this is what's happening to hoping the c.e.o. of apple is saying well the american dollars strong that's one of the issues and then of course the overall economic weakness in some countries so people just aren't buying this vote these types of phones and then also the thing is lower than anticipated i phone revenue primarily in greater china accounts for all of the revenue shortfall to our guys for much more than our entire year over year revenue decline we know that wall way is dominant when it comes to china but that was first seeable the decline is real never mind while away in the other competition out there. they receive like a so this is the charge for the global smartphone share where you see the new opportunities how can these smart phone companies pivot to make up for their losses you know that and this i think is one of the big aspects of this all in let's go to the consumer the people that are buying these phones this phone that i have in my

hand here it's an i phone six s. it's almost four years old do i need to upgrade no absolutely not why am i not upgrading it in the new phones cost a lot of money and i think that's what a lot of consumers are coming saying but more importantly where is the present as where's where's the catch what in the new phones is so much better than the old phones nothing really and that's something that tim cook is pointing out as well he's saying that you know what the phones haven't really changed that much so why buy a new phone i think you know there's just basically a lack of new technology and the phones are expensive so people are waiting to see what's next and if they don't wow us the phone makers won't be making big bucks like they used to. oh thank you so much our to spawn and alex mcgill of it thank you so much thank you. time now for a quick break but hang here because when we return the e.u. has made some bold claims against european automakers lauren fix the car coach

stand us through the all of these latest accusations and later a week for the world of harry and other forms of ideas with leave at five there with ali. and that's right here the closing numbers. young innocence have come to us after. the space sleepers so putting incidents because you so often do see their mothers. god only be killed but also be cut up and voted. i do believe elephants smile i see it in these little ones they all say so they express untamed says. the same.

in the world of political matchmaking the european union has long put values before wealth as its most desirable attribute. in the time it takes for the e.u. to make a policy decision china can set up a whole new industry of values that's attractive to potential partners. u.s. veterans who come back from war often tell the same stories. were going after the people who were killing civilians they were not interested in the wellbeing of their own soldiers either there already is several generations of them so i just got this memo from the circulating branches off that says we're got to act and destroy the government and seven countries in five years americans pay for the wars with their money others with their lives if we were willing to go into harm's way

and willing to risk being killed for a war and surely we can risk some discomfort or uneasiness for us. when the whole make us manufacture consent instead of public wealth. when the room in clusters to protect themselves. with the flame and merry go round lifts only the one percent. to ignore middle of the room signals. thanks.

thanks i think. welcome back in today's episode of the braggs a drama u.k. prime minister theresa may is pushing for an extension of the exit date while french president emmanuel necron is asking other even leaders to deny their request unless the u.k. brings significant new offers to the table miss may has asked for an extension to the deadline to june thirtieth with an allowance for an earlier date if and when an

agreement is passed the request was in response to european council president donald tusk suggestion of flexible year long extension programs at m.p.'s and miss may's conservative party are frustrated and very wary of further extensions they worry that the bread's up process could be diverted or even during a long extension as of now the u.k. is still on track to exit the e.u. on april twelfth with or without a deal. to european union authorities accuse german auto makers b.m.w. . and volkswagen of collusion to limit the development of emissions clean technology in cars the three. automakers broke antitrust rules by acting together to delay the introduction of two emissions cleaning systems between two thousand and six and two thousand and fourteen these two new systems would have reduce harmful nitrogen oxide emissions from diesel cars and filtered emissions in gasoline vehicles here to help us understand the situation more we're joined by

lauren fix of the car coach in new york hi lauren how are you. thanks for having me so good you can join us this so this is a very bold claim to accuse them of collusion how did this investigation even come about like what instigated this probe. well this all came up with the v.w. diesel gate where v.w. initially and of course the other german manufacturer producing a lot of diesel many of these manufacturers were selling up to forty percent diesel vehicles here in the u.s. and even higher percentages in the in the across the world and they are still selling diesel vehicles from many of these manufacturers in other countries so at one point volkswagen group engineers said that they there's a tank which has blue fluid and it's your rio that's called blue is a bunch of names for it but it's a blue fluid that actually reduces the emissions now that is true in all the diesel vehicles being produced today but they did over promise not deliver and produced

two liter diesel vehicles that were sold in the u.s. and across the world without this tank and that's where the problem stemmed this would cause a lot of concern when they realize that the emissions coming out the tilt pipe were actually higher because there was a cheap device put into the software so when the car was idling and it knew it was in a mode for being tested it cheated the device and otherwise it was polluting at higher rates so this caused a lot of problems billions of dollars have been fined against volkswagen they've gone after b.m.w. and mercedes and all of the groups that are underneath them so until that point there was a lot of diesel vehicles now there's less diesel vehicles and a lot of manufacturers such as folks were getting decided to go electric but now we're looking at the e.u. saying wait a minute you're polluting we want to piece of this pie so there's going to this is going to have to go to court but the the pain part of it is going to be the penalty for talking about up to it and percent of global revenue that is a very large number i'm sure in the end it won't be that high but still that is

a large number that is enough to hurt these manufacturers but what they have to remember is that all these german manufacturers are the number one employer in germany and other countries so if you're going to hurt those employers that means there's going to be job losses so there's got to be a happy medium where you penalize them but you don't bury the company. i guess they also in this case also have to actually prove that they colluded so their alleged accent might have actually limited europeans opportunities to buy cleaner cars but from what i'm saying like it would not have affected the price so how would the companies have profited in this collusion scenario like what would be the upside. exactly and that's what doesn't make sense in order to prove the menu factures colluded which i don't think they did to to make products that were actually polluting they would be really hard to prove in court a lot of times it's a money grab where the e.u. will make a statement trying to get something out of this because every single country went

after each manufacturer and you can only hurt a company so much before eventually it's going to start impacting jobs in the economy so are not really sure other than to be able to prove their statement and it's really hard to prove collusion unless there's some sort of financial gain and there isn't one. salles which over to nissan chairman carlos known he's been arrested again in tokyo for the firths fourth time accused of diverting millions and to a separate company that he controlled so what is happening here and is this this because this arrest seems to be out of the ordinary is something else have is it is very out of the ordinary carlos going was the savior of nissan he helped them work together worth three no one mitsubishi and together the three companies were able to thrive because they were sharing platforms and sharing information well at some point he wanted to merge all three companies together and nissan didn't like that and they were literally weeks away it's asian all we know at this point is that he was arrested he was released on nine million dollars bond

a few weeks ago he was about ready to do a press conference and literally tell everyone what was going on in conveniently about two nights ago the early in the morning and he was just told today he was going to try to get off they said they're going to extend his hold for an additional ten days because in japan if you're accused of something they can arrest you wait a way. and then you can extend that by up to ten days and at that point they either have to charge you or release you so we'll see what happens but right now there's a lot of drummed up statements from nissan another people that are making accusations some of this is a bit far fetched they're saying five million dollars was funneled to a middle eastern company who then funneled it to his son i mean that's really hard to prove so i'm sure that if it did happen at that time that the new son has a huge part of this is going to go and what's going to happen when this actually reaches court you should be aware that the percentage of conviction in japan is very high so if they do accuse you it's not like being in the u.s.

where you're innocent till proven guilty it's a pretty tough court system absolutely lauren fix thank you so much for time that was super insightful. but. this has been an amazing week for crypto currency with quite steadily at five thousand and volumes rising across the board with the market's getting healthier we would expect interest and appetite for initial coin offerings to return in two thousand and seventeen we saw nine hundred sixty six. that number skyrocketed to two thousand two hundred eighty four i.c.'s in two thousand and eighteen but the crypto winter of that year forced many of these startups out of business leaving the projects and tokens dead in the water many see it as a good thing that we had this correction because if forced the bad products out of the game survival of the fittest killing off over one thousand five hundred points aka dead coins dead coins are coins that have been abandoned and have dead web

sites no notes no social updates no wallets low volume risk is now returning two thousand one thousand and them are as the markets are stabilizing but how is the i.c.l. market looking here to talk more on that is. advisor of polymath and managing partner block chain. fund thank you so much for joining us. thank you for having me on the show kristie yeah so how is that i see a market shaping up in two thousand and nineteen so we've heard a lot of commentary that the i.c.l. market right now is dead and over as michael novogratz of the galaxy digitals said . yeah absolutely so what we've seen is a ninety five percent decrease in i.c.a.o. funding since the start of twenty eight so as you can see this is pretty significant imagine that in the venture capital industry the private equity industry so that has made a really big difference but i wouldn't say it's dead for good i would say that

we've got a chance for this is going to pick back up as the markets start to recover what we're looking at a box in founders fund is anticipating a return of i c e o o's when a theorem is above three hundred to five hundred so as it starts to pick up we'll see increasing interest in these c.e.o.'s as people have more disposable income from their increase in valuations from their at the holdings. so i hear a lot about s.t.l. as nowadays too because it evolved from an i.c.l. can you explain to us like the main differences between the two. absolutely so i c o's don't have an underlying asset that essentially protects or that investors can go to afterwards if something were to happen the difference between a security or a security token offering is there's essentially. underlying security that has the value of this property and so if we if we break down the types of securities

there's essentially three right so first you've got company ownership structures this could be things like equity dividends revenues that could be promised the second part is you've got assets that could be securitized or tokenize this could be things like property plant and equipment for example and then the. third one would be debt structures or debt securities east so it's a pretty exciting market as this transforms but looking at you know how are we able to fall all securities legislations in each of these jurors different jurisdictions and that's one of the challenges you know with i.c.a.o. is where it wasn't necessarily complying and they were trying to use things like crowd funding legislation or assuming there was no legislation and security tokens as using existing securities legislation in different countries and working on decreasing the costs that fundraising across the world across these different

jurisdictions as well as bringing properties like fractional ownership so being able to buy smaller properties of of these securities and then ideally increase liquidity in private securities and i think like even last year the f.c.c. actually said that most of the i.c.r.c. came out or actually six supposed to be sick area tokens they just circumvented the system in order to try to crowd fund cheaply and in doing so try to skirt to carry a lot even though these tokens were clearly there they were clearly within the how we test limits so they should be qualified absolutely. and this is one of the one of the things that also you know frustrated us because when we look at this we could clearly see violations in securities legislation we could see a clear you know discrepancy between interests of token holders and security holders so so equity holders and this is also where interest of been misaligned in this is allowed to a lot of investors in i suppose getting burned where individuals have soared you

know i suppose but they are in reality securities that just weren't classified properly. and really quick what do you think what do you think about this recent boom in initial exchange offerings how does this ballot a your trust trust in all of these exchanges. yeah so i mean there are very interesting i mean we've seen a traditional and traditional v.c. and we've seen a consolidation right now into betting bigger on key companies to try to dominate their industry and this is where the things that infuriates me though is the fact that we've got we've got a century funding to these companies without proper due diligence and this is where di goes or autonomous i ceos can hope to essentially create protections for investors. and i think that would help to avoid some of the mistakes that were made in the past thank you so much. polymath thank you so much for your time as

a pleasure. thank you for having me on the show. half times as helping some new products will help bring them back after the stock plummeted to an all time lows in february following a net loss of twelve point six billion dollars for the fourth quarter and two thousand and eighteen now the packaged food giant is seeing slight gains after the announcement of two new products on two thursday the company announced a new product cranch saucy sauce an amalgamation of ketchup and ranch dressing something we've absolutely all been waiting for while on monday which also have been to be april fool's day the company announced bunch of balls a new take on their lunchables brand that has been on the shelves since one thousand nine hundred eighty eight. that's it for this time span x. times.

after the previous stage of my career was over everyone wondered what i was going to do next. the ball different clubs on one hand it is logical to sort of go from fields where everything is familiar on the other i want to the new challenge and a fresh perspective i'm used to surprising people and us old or not so you think. i'm going to talk about football not for you or else you think i was going to go. by the way ways of the sliding here. is very made up and army and said if you don't

buy into my ponzi scheme on going to shoot my god you even know the ponzi scheme was well known to be a ponzi scheme m.d.s. you see it investigated bernie madoff police twice before they finally busted him and they it was a well known ponzi scheme invested by well known people imagine bernie had an army now apply that to the us dollar the us dollar is a ponzi scheme why do people want the us dollar because if they don't the us military ascents and their obliterated brothers iraqi or libya or some other place like this around and so that's what we're going to set the new york times rightly said the us dollar is worthless it's backed by lots. of. their brains for a single purpose. of a superman. plaistow training very young. the months of intensive school. rats.

the. u.k. prime minister begs europe for yet another delay to bragg's if this time until the .