this is very different than zoom technologies an online security training company ticker symbol zero zero zero and trading over the counter as a penny stock last month the o.o.m. was worth a few pennies but in the last thirty days it has popped fifty six thousand percent since the close yesterday the o.o.m. was up one hundred percent from investor excitement and euphoria over the i.p.o. that excitement has since died down as investors realize that they have been trading the wrong stock. pinterest also price that nineteen dollars a share last night above its initial range of fifteen to seventeen dollars and open trading this morning at twenty three and seventy five up a modest twenty five percent where it is holding steady this is a sigh of relief for a lot of investors who were worried about a potential down round as pinterest initial range indication would have priced them more than two billion below their last valuation both names are trading well today in their debut but will it hold a strong us equity market and relatively low volatility in the last quarter has

provided a solid backdrop for the i.p.o. market however the gnarly results of the lift i.p.o. leave many concerned after a blockbuster debut lift has fallen and is now trading about seventeen percent below its i.p.o. price joining us now to break it all down is daniel shea director of options at simpler trading welcome. thank you for having me so let's start off is in their rare breed of unicorn as they are very profitable they've reported revenues of seven point six million on revenues of three hundred thirty one million for year end of january and that has been the story that has been very successful going on their road show but now it's up eighty percent on their first day is this sustainable. so i don't think that the i.p.o. price is sustainable because typically what happens on an i.p.o. is there's a lot of hype surrounding it right and so when you're looking at zoom yes they're profitable yes they have a really good hold on their space yes the video conferencing is of course going to

get even more popular as the years go by and the world gets even smaller and people can work from anywhere but as an investor when a stock opens up like that and then trades so much higher in one day there is no way that i can invest in it in a day like today what i need to do is any to wait until that price comes down finds a nice easy pace and then at that point if you still like the company jump on it but gone now so revenues have been growing year over year for. they were up one hundred eighteen percent with amazing gross margins of eighty percent they're very unique and disrupting many of the legacy web based teleconferencing solutions such as cisco systems and microsoft but are there any competitors i pose a threat to zoom and their fat margins. yes you're definitely correct and i love the profitability and i do like the product but at the same time yes there are a lot there is a lot of competition you have go to meeting go to web and are of course micro so microsoft products but the fact of the matter is that whenever there is an i.p.o.

i mean hippisley that type of volume is not going to be sustained and you know just look at lift as an example you have that pop up wait a few days and then after a few days that'll be a bunch better spot to come in and get an investment in the company. so now that zoom is flush with cash how are they planning on using the new round of funding. well we're going to have to see but at this point i mean i think that what they need to do is they need to create continue creating contacts with businesses the as i think the majority of their profits are coming with their their profitability with the different businesses that they're partnering with because that is going to be the main face that's going to allow them to grow in their profitability. let's just automotive pinterest for bit there was real worry that they might be experiencing a down round but it seems like the company was able to quality master fears on their future growth potential what story was there. so looking at pentridge to find

it really interesting because for me looking at zoom in and looking at pinterest as two different i.p.o.'s on the same day for me i like pinterest even more and you know ironically enough the way that zoom is berthing today and pinterest you know it's up it's up twenty five percent but for me about the actually the better buy because i think that they have a lot more room to grow whereas i think zoom kind of you know took all of that energy in one day pinterest has a huge. profitability point from advertising revenue and there's really no one in this pinterest space they have their own unique brand millennial love it and they have a huge potential to grow so i. i love that for a long term buy absolutely i agree that they have a lot of potential but right now there are the average revenue per user is actually quite low about three dollars how do you think they can beat that number up. i mean

honestly i think it's something somewhere like netflix so you know years and years ago people were looking at netflix saying hey netflix isn't profitable but netflix has come to the point where they really created their own culture and that is the same thing that pinterest has done and so by continuing to add ads continuing to add that experience and really selling to they're selling but they're not really selling to millennia. the experience different shopping ideas travel this type of thing they're going to continue to grow in their space due to the way the generation spend their money and the way that they use the internet so justice kusum self as an image search site and they don't want to be compared to like facebook or any of the other social media sites so what are you looking out for comps. yes i mean they don't want to be compared and i think that that's very smart of them right especially because of all of the different privacy issues that

google and facebook have right now but at the end of the day they are very similar in that way but they're taking that they're taking really the space that google has a search engine but then they're taking that and placing that in a shopping space and so for that reason i think that they're going to have even a better ability to use advertising than sites like facebook all this is going to be really exciting to watch director of options at simpler trading thank you so much for your time. thank you. the federal communications commission announced wednesday that it would oppose china mobile's application to provide cell phone service in the united states as d.c. officials have been concerned that china mobile is ultimately owned by the state and at the service were available in the u.s. it could open the door for spying on u.s. consumers by the chinese government the agency's chair by issued a statement saying quote it is clear that china mobile's application to provide

telecommunications services in our country raises substantial and serious national security and law enforcement risks the move comes as tensions continue between the u.s. and china over the use of chinese teleco provider whitman's on american networks officials in the us previously warned carriers not to use technology from china based qual way due to concerns over national security. the turkish lira fell as much as one point nine per cent thursday morning the crash of the leader of follows a report from the financial times which revealed the nation's central bank used billions of dollars in short term borrowing to bolster its reserves the lira dropped to five point eight five against the us dollar with the exception of the flash crash of the currency in january this was the leader the lowest level since october of twenty eighteen in twenty teens the lira sank by thirty percent when a currency crisis pushed the turkish economy into a recession using the swap to increase the country's reserves has raised fears

among investors that turkey would not be able to overcome another leader a crisis. nations around the globe are pushing forward with creating cash flow societies south south southeast asia is a major hub of activity in this realm with developing nations in the region taking the lead with more we're joined by our t's alex mahela vish in toronto hi alex how are you. are you good so southeast asia is experiencing a true. when this growth of middle class and vietnam is emerging as a read and find religion then pack up the government is out now planning on launching a cash flow system by twenty twenty tell us more about this plan. the government's been active pushing this cashless system idea for quite a while since two thousand and eight to be absolutely exact now if you look at it it's a really good arena to push this out vietnam's a perfect country to do this if you look at the society right now ninety five million people only about forty percent have bank accounts anymore and there's one

hundred twenty million mobile accounts so it's fresh and it's ready to go they have a good mobile system and that's only upgrading from where it is right now it's really a leader in this respect when it comes to asia now when we look at the way people are paying they're using these cashless systems as we do here i mean come on let's think about it i use my mobile app from my bank all the time to pay my bills to pay when i'm at a store you know you do the top if people are doing this but it seems like in asia they want to go and push it a little bit further especially in vietnam to the point that they're completely cashless so this is a really interesting stat the percentage of consumers in vietnam using mobile payments so exactly what we're doing here is gone up in two thousand and eighteen it was thirty seven percent two thousand one thousand were up to sixty one percent already the vietnamese government is pushing for one hundred percent by two thousand and twenty and their goal this year was to increase it by ten percent well not exactly by two thousand twenty but as part of their plan so they want to do it sooner than later it's

a two thousand and twenty plan but when you look at it the way they broke it down they wanted ten percent of an increase this year and it looks like there are ready surpassing that all goals are being met so vietnam is well on its way to making its way to thailand where the numbers are bigger but vietnam is actually increasing faster than anybody seems like right now southeast asia as a whole has a very advanced pentax that is that rapidly diversified into paid up a fun transfer of money lending services kept on even crowd funding how does the stress. amazing how about less regulation. you know regulations i don't think are really particularly important here are these governments what he comes to regulations it's not what's in place already it's what they're willing to do with laws and regulations to adapt to this new system so they just seem a lot more malleable these countries when it comes to that and ready to work towards pushing things ahead than other nations in the world so in that respect they're ready to go to another part of this whole equation is the fact that these governments are willing to invest in tech so when you look at vietnam they have

programs and government programs which give tax rebates to new companies the startups as well as the fact that they have programs to educate these people and also to put money into these programs so these countries really want to push this forward something that we're not seeing as much of here in north america or in the western world for that matter to them by their kind of following in the footsteps of norway where less than ten percent of the population still use physical cash so right now teen mobile is betting on a cash society future and is planning to roll out a mobile banking program that offers customers no fee checking accounts not a lot time came about trying to roll this kind of program out in twenty forty and then really catch on but what about this time. doing what the rest of the world is doing is just jumping on board here we have a graph for you which is kind of explains i know it's from the u.k. so it's a very particular market but it explains exactly what's going on in the world when it comes to this it's a trend that it's not changing anytime soon it's moving in that direction t.

mobile's jumping on board last time they tried before they tried to do like a preloaded debit card two thousand and fourteen that didn't work so now they're using what better to do than incentives so incentives such as allowing money transfers i mean this is the abilities that you can do which we can do if you put their bank accounts right pay bills pay using mobile while it's like apple pay but the incentives or competitive interest rates no fees so things like that they are trying to draw in customers as much as they can to use this new app. they have you are take our respondent have a habit thank you so much for the time thank you. time now for a quick break but here because when we return a new report citing confidential document claim that in terms of element bank has big plans for venezuela artie's rachel blevins well give us the details and kind of court and the story is getting about how much of that wealth fell over into other markets far away trading by the how far apart. as we go to break

here the numbers that. this were. as were four books on just. everybody used. cocaine you can smoke it this is worth fifty thirty. twenty. two this is about a fifteen people smoke this one figures. you can find

these drugs in any city in the united states. long as you want to get it to. make money. and that's one of the every day. you know we talk from time to time about the casino. the trend in technology and government to enslave global population behind devices and to be consigned to life clicking on ads for scooby snacks and the second you start clicking on those ads you die and you get deep platform down off the grid and. just pay so sensitive to carry.

a new report citing confidential document claim that the n.r.a. . american development bank has big plans for venezuela but those plans require that the country make substantial changes to its leadership first arc is rachel love and has the details as the united states continues to increase sanctions on venezuela the inner american development bank is reportedly planning to give the

country forty eight billion dollars in capital but only if president nicolas maduro is overthrown this plan was apparently referenced in a pair of confidential documents titled venezuela challenges and opportunities which outlined a four year plan to open the country's economy to foreign corporations. the report argues that by promising to pump billions of dollars in capital into the country the i.d.p. would be persuading foreign governments and businesses to support the push to overthrow. the people of venezuela battling massive power outages and struggling to gain access to basic resources in recent weeks members of the i.d.b. were reportedly set to discuss the proposal at the bank's annual meeting in china last month but that meeting was apparently canceled after beijing learned that a representative for opposition leader want to attend while the united states has worked to secure support for why job both china and russia have continued to stand

by image or in their support has attracted the attention of u.s. officials like national security advisor john bolton during a speech announcing new sanctions on the central bank of venezuela he referred to the countries as external actors and warned that any military involvement would be seen as a threat to security in the region the trump administration has been vocal about its support of the duros removal and the report on the idea plans for venezuela claim then an insider so the bank sees regime change in caracas as a question of when not if and many believe it will happen soon the funds would be focused on what the documents refer to as the recovery areas which includes the urgent needs for the population. basic infrastructure and institutional reform although it is not here exactly where the forty billion dollars would come from to report noted that it would be an awesome in the loads of the id fees sixty year history while the i.t.v. is made up of forty eight member countries the alleged requirement that material

must be overthrown in order for venice we litter receive aid raises questions about just how much the u.s. is influencing the thing reporting for boom bust rachel glove and art she. stands out to america and turning from sanctions to corruption peru is in shock over the latest episode of the sprawling international scandal around brazilian construction giant oda breck on wednesday that two time former president of peru alan garcia fatally shot himself after police arrived at mr garcia's home to arrest him on charges of accepting kickbacks from other brecht mr garcia's two terms as president were separated by twenty years the most recent term running from two thousand and six to two thousand and eleven mr garcia was charged by the special prosecutor assigned to the direct case with using the illicit funds he received from zero direct to finance that campaign the prosecutor says as much as fourteen million dollars worth of bribes may have been paid to mr garcia and members of his

administration there is now only one living former peruvian president who has not been implicated in the zero direct super scandal. going farther south from peru to argentina president maurizio rockery has implemented price controls in an attempt to get inflation under control the controls are comprised of a set of government imposed limits on prices and request a voluntary moratorium by corporations on price increases for five dozen food items inflation in argentina was measured at four point seven percent in march and eleven point eight percent for the force first quarter this year while the peasant has been waning against international currency markets and his video announcing the measures president mccurry warned that in the short run it will be very tough. this move from president mcrae is a sign that he is looking ahead to october presidential election. the food industry

is facing challenges as disease and affects the supply chain african swine fever mandela and a call outbreak are running rampant as a c.d.c. struggles to keep it contained and under control here to help us take a closer look as todd horowitz chief strategist at bubba trading hi how are you. and i christy danger having me on african swine fever is wrecking havoc to china's hog farms which could push pork prices in china up to four dollars and ninety cents per kilogram in two thousand and twenty that's a seventy eight percent increase from the current price so already pork prices are up forty percent since may two thousand and eighteen and china is the world's largest producer of pork so something like this is definitely going to affect the global supply who else will be impacted. you know i think we've we've accounted for the global supply if you go to the markets which will give you more of the determination of price hawgs did have a forty two percent increase over the last few months based on the fear of what was

happening now they've dropped back about ten percent because we can now understand where we are with this crisis and of course one thing nice about hogs is they have the ability to recreate very quickly so i don't think that it's going to be a major ordeal or a major problem going forward unless this disease expands similar to what the virus did about five years ago but right now it looks to be sparely well contained and that's what the that's exactly the markets are saying right now because they have we have seen some selling and some pullback in the price of hog futures. well as long as the hog supplies stay is this won't be a problem but right now the problem is even more compound it by the rising feed costs that are exceeding the price of hogs the u.s. trying to trade war increase surprise a soybeans which makes up a significant portion of animal feed making the business of hog farming unprofitable i would say an increase in beef and chicken production now as a traditional hog farmers look to hedge themselves. but i think when you look at

it it costs and you look at feed you know again you know we're in this terror of war but in the meantime grain prices in the united states are at lows they haven't seen for months maybe you know some for six to eight months so you know again and china does have the ability to go out and buy from other sources so i don't see that that's playing out price wise going forward again i think that one thing we can learn from what's going on is that markets are extremely efficient getting to where they have to be so as you look at it there are some issues out there and if they if they get worse it could create more of a problem but for now it's they seem to be fairly well under control and again no you can only really go by what the cost of goods are and grains are lower and hogs are lower so to me it tells me that everything's under control so there are some other implications i think to this china is the biggest importer of soybeans but with the escalation of the trade war we saw soybean imports drop by fourteen

percent in the first quarter for the first time in fifteen years housing u.s. ag market taking this. is not taking it very well that is sort of beings or have been down again they're back below the nine dollars level and they they look like they're under some pressure you know one of the big problems with the american soybean market right now not only are we having the trouble of china and them not importing enough but we've had bumper to bumper crops the last three years so we've got such an oversupply that we have to work through that prices could continue to fall in the saudi market which again goes back to where the inflation issue is in the overall economy. so let's take a look at the u.s. market now the c.d.c. recently reported that they're investigating a case of an outbreak this multistate outbreak is the largest seen in twenty years and they're still trying to trace the source of that what do we know so far. well there's not a lot is known so far because there are so rigid that we are seeing kroger and some of the others you know do. call backs and saying that there is an issue so we

understand that there is and as you know it hasn't become an epidemic yet but certainly it has the potential to become one and i think it's something that we have to watch over the next few weeks to make sure i think they'll get it under control but right now again we could get to a very serious problem the state can trace it back to the source which i still not been able to do i think they're also investigating a case of salmon now outbreak as well which has been linked to raw tuna in the states have blood had multiple food recall that kroger that whole foods as you said so what's the story there. well i think again you know we're having some issues and you know usually sell monologist more often caused by some carelessness by the way something was packaged always something was handled so i think that will also be found that again you know we're very sharp and tracing these sources back once we can find that there is a problem so i think once we get to that point and they they locate the problem i

think that we solve itself and though it typically is not usually in the chain it's usually something is done by a careless employer or something somewhere that actually causes that to happen yes and i we've seen that repl across multiple food processing places as they have had recalls on like flies fruits and vegetables etc. thank you so much for the time chief strategist at bubba trading thank you so much rand site thank you. that's it by this time you can catch boom bust on direct t.v. channel three twenty one dish network help to eighty or streaming twenty four seven on photo t.v. the free t.v. at channel one thirty two are as always had us up at youtube dot com slash boom bust r t c n x time.

after the previous stage of my career was over everyone wondered what i was going to do next the multiple different clubs on one hand it is logical to sit in the home field where everything is familiar on the other i wanted a new challenge and a fresh perspective and i'm used to surprising people and i saw one on t.v. . i'm going to talk about football not the or else you can sink i was going to do. by the way what is it that slide here. my body told me that i belong with the boys but my thoughts my mind with and then along with the girls.

i was rather surgery starts to be of any particular. form of what persons doctors. i was born a male had a sex change when i was thirty years old. i've now been living as a woman for twenty eight years and i fully regret this. problem should have gone away from by now but they hadn't so these surgeries are nothing more than plastic surgery. i've had several female to male friends and you look at it and you just go god you paid for that it's horrible nobody can change genders it's impossible. is delusional it's a mental illness. this isn't one of my flesh of my flesh she shall be called woman because she was taken out.

because i live the good. we have many things in this world this is it you know. why some people as well so take our things all the power just for themselves. you know. what you see today in the united states is a debate there is

a growing realization of the strategy of liberal. american foreign. policy strategy failed. to see it create problems for the united states it's created the world full of conflict the soul today there is increasingly a debate over what direction the united states should take. what did last week sort of increase the level of chaos across libya even if he wins tripoli. continue because there will be. very very intensity existence for him across the country and i think i'm afraid like everybody else that this chaos for longs for a while is going to attract more extremists from around africa and the region.

the report into alleged trumped russia collusion is finally released. with many passages redacted it concludes that there was interference from russia but no collusion. and they're having a good day i'm having to do it take you to school. no collusion no obstruction. as a legal team celebrated the democrats demand robert muller testified to the counterintelligence investigation. and other news greek lawmakers passed a bill demanding world war two reparations from germany.