sighs with the response to the yellow vests protest movement which is now smaller but still visible and vocal but while the french president did propose to index pension packages under two thousand euros to protect pensioners from inflation and promise to take out income taxes by five billion euros he seemed to risk disappointing the country with few policy details and a defensive stubborn tone in a national address mr micron posed a rhetorical question how we've gone in the wrong direction and then he confidently judged his own performance informing the french i don't think so a founder of the yellow bus movement responded to president micron's address. i'm disappointed very day but he was my point. emanuel most. important game which he didn't announce. expected by the yellow vests. france has been going as usual have five months if you don't mind it. moving from

paris to beijing the chinese president saying no to world leaders attending the second conference on the belle and road initiative that he hears their concerns and criticism president xi jinping officially opened the conference and beijing with pledges of transparency and zero tolerance for corruption mr xi also signaled a broadening of the p.r.i. to encompass peer to peer partnerships among sectors including science and agriculture mr xi also promised what he called a framework for debt sustainability somebody partners notably the malaysian prime minister must hear the whole that mohamed has grumbled about being saddled with debt from many infrastructure projects many b r i was also notice that the chinese president encourage private sector capital to invest and be our projects in the past pledges of funding from the chinese state. and now to take a more in-depth. look at the summit and china's latest news we're happy to welcome

international investor jim rogers fellow i ask if there was a lot of expectations that the and at the second conference what what are the main takeaway. crissy that first let me tell you it's not often the geography changes six hundred years ago the spanish and the portuguese sailed around the world changed geography two hundred years ago the railroads changed geography the chill what the chinese are doing now is gigantic it's going to change geography again poor of the few times in history a lot of people are going to get very very rich some people are just going to fade away so this is a very important critics who say it costs a lot of money well it does but it costs a lot of money for columbus to sail to america to cause a lot of money to build the city of chicago this is very very good news for the world for those who get it right and it looks like here britain is looking to continue to forge an even closer relationship with china as it leaves the e.u.

china would indeed be a powerful friend to have in their back pocket philip hammond chancellor of the exchequer is looking to announce closer cooperation on trade and banking initiatives as well this includes a shanghai london stock connect plan tell us the latest on that. well italians too it's not just the british of course the british are going to need the whole of friends they can get if they leave if they leave the you but of course they have a long tradition in china some of it good some of it bad this will be good news for the brits of the if the chinese will have them. and china is making some really big moves they recently lobbied the southeast asian nations to include the yen and the un to be added to the emergency pool known as the chiang mai initiative this would reduce the framework over reliance on the dollar tell us first exactly like what is the chain my initiative and what does it do. first of all you need to understand that more and more people are trying to find a competitor to the u.s.

dollar the u.s. dollars had a monopoly on world trade and medium of exchange for several several decades now and many want that to change so the chinese the indians the iranians and if you are the people trying to develop competitors to the dollar and one of the things you just mentioned is to come up with a competing currency and they may be doing it they've got a lot of clout they have a lot of population they have a lot of assets so it's happening the u.s. dollar in any case kristie is a very flawed currency i don't like saying it but america's the largest debtor nation in the history of the world so we need a competing currency and it's probably going to come out of asia yeah this missed signals that china want to take and internationalize the yen take spent influence on the region so what's the game plan here. it cannot happen kristie unless they make it convertible unless they make it up freely tradable

currency now they've been moving in that direction since two thousand and five i would do it his afternoon if i were china china doesn't have to listen to me obviously they're not listening to me but the sooner they make their currency convertible the sooner it will be used in the international trade and as a medium of exchange and in the packages the currency packages we've been talking about what how do you think that we can for the stabilize the chinese again because the currency hasn't been the most stable in recent years it think this is going to be an issue going forward. well it's been strong has gone up a lot in recent years the last two or three years it's been more or less sideways it's had fluctuations up and down but kristie every current you look at any currency the yen euro anything the u.s. dollar all of them have fluctuated and it is normal for currencies to fluctuate. renminbi has not been more fluctuating than most other currencies that in less than

in some. and finally there's speculation that the us china trade war might finally be coming to an end give us the latest here. well yes we're going to have good news coming out of washington and beijing soon everybody wants good news it's going to sound good we're all going to say wow thank goodness it was going to feel better but unfortunately next year or whenever the real hard times come again mr trump is going to come back with even more trade war he thinks in his brain that trade wars are good he thinks he can win a trade war his ad buys are due to so look for some good news for a while but be worried about what that meant when the american economy hits problems in a year or two it's going to get really bad because he's going to come back against the chinese the japanese the koreans the germans ever the mexicans the canadians everybody all right now the chinese investors are worried about lower growth in the

region if there is no continuous government supported stimulus injected into the economy do you think this is a concern or where is the growth in asia right now if it's not external. well we don't we don't always have to have growth christi i mean the world has many many many periods throughout history when things slow down it's been over ten years since the world had an economic slowdown a recession that's the longest in american history anyway so we're overdue but don't worry this is normal with the way the world works the chinese have started cutting back on the debt and they should the right thing to do but when you go from expanding debt to cutting debt you obviously slow down china will slow down good for china if they can continue to do it which i hope they will. thank you so much for time international investor jim rogers. there is a patch of oil sector earnings reports to share today chevron has posted

a report for the first quarter of twenty nineteen that shows a dramatic drop of twenty seven percent in profits compared to the first quarter of twenty eighteen revenue was down by six point eight percent year over year the oil giant also insisted their intent on inquiring anadarko petroleum despite a rival bid from occidental exxon was on a worse trajectory than chevron in their latest earnings report and for many of the same reasons exxon's profits fell by forty nine percent both companies seem to have been dragged into the red for q one by lower gas prices and problems in the refining subsidiaries. let's take a walk around the world to see how the global markets are doing this week we'll start over here in russia with the moscow mo ag down slightly after hitting an all time high on tuesday led by strong ruble and high or oil prices going out over to asia shanghai it was down over five percent to end the week as stocks dropped to

a three week low and the stars are now worried about the future growth of the economy and a change in monetary policy the p.b.'s c. announced that they have no plans to either loosen or tighten policy and investors are worried that growth may stagnate if there is no potential further stimulus year to date though it is still massively twenty three point eight percent. over in tokyo the nikkei trade at all was choppy all week ending pretty much flat and unchanged the eat out a small gain last minute up less than one percent doesn't look like they're going into much risk taking this week as the japanese market will have a string of holiday related closures between april twenty ninth through may sixth to observe golden week the hung saying in hong kong was down over one percent as a shanghai one home and i.p.o. hong kong biggest i.p.o. of two thousand one hundred plunged on its first day of trading and ended up twelve percent below its i.p.o. price this fall is the cooling down of the hong kong i.p.o. market after an amazing twenty eighteen when it became the world's number one

i.p.o. market over new york moving down over to australia the a.s.x. and say x. had a fantastic shortened week and then friday at fresh eleven year highs growth stocks were boosted with the prospect of increased liquidity on the back of rate cuts tech and health care led this rally. going over to india the sense that some bombay had a decent week up modestly on strong steel and industrials we spoke about how quick the auto market is now growing. over in africa the all shares were down as they struggle to continue to track foreign investments over in europe the foot the also sell this week on some soft earnings number and the mining giant glencore got hit by a probe into corrupt practices but the cac and the dax however were both up this week modestly on the back of strong company reports. over here in colombia the coal cap is up slightly led by gains in agriculture while the brazilian evil vest is up in

sao paulo in brazil too they had a roller coaster week though as markets initially rose on the news of a vote on pension reform however they drop soon after all worries the hurdles it would have to clear finally ended the week up just slightly over in canada ts x t s x has had a decent week helped by higher oil prices how. we bombard a earnings set the stage for a gloomy industrial outlook then pull back an end of the week slightly negative meanwhile in the us the s.n.p. the n.y.s.e. and the nasdaq were all up about a percent on the back of strong earnings coming out of large cap leaders the nasdaq is now up twenty two percent for the year. time now for a quick break but hang here because when we return over has revved up on the i.p.l. despite taking a major hit on q one earnings. a simpler trading stares us through all the latest moves for i.p.o.'s in the market. and as we go to break here are the numbers at the closing bell.

you run a blood bank. in one room are dead patients they've been dead since two thousand and eight that would be j.p. morgan goldman sachs deutsche bank b.n.p. society generali just b.c. except in the other room you have a living middle class people and the point of blood bank is to take blood from the living middle class people and to transfuse that blood to the dead banks next door as if they've been dead now for more than ten years the people that are in the middle class are going to start to suffer and suffer horribly and many of them will

die by the way they won't be getting any of the blood from the other middle class people to keep them alive all the blood all the plasma goes to the dead. even. people who live eat here. need no. need. to be young. and we have many things on the scales and this is it you know. why some peoples also take our things all the power just for themselves and that is the mother.

of american politics. and the notion that somebody playing games at the margins of the election. believe it influenced the outcome is frankly frankly absurd if we were to compare russia with the other states the united states has been fall more. in influencing the domestic politics of other countries. than russia.

for good only if you don't sort the rulebook. for the. i'll sell some properties to me if you go back to cuba. already making your purpose in life that claim. that you were among the group. to build a movie didn't you except your then he says and pulls with folks like me the folks with the security just hold it where you go. oh. i'm. going. to put all psycho. wall enclosure we're going to produce a. monkey

is the suit to be perceived as this was the last stop at the push and i was his. kind of financial survival today was all about money laundering first to visit this cash into three different. get a good start well we have our three banks all set up here maybe something in your something in america something overseas or the cayman islands or do we do all these banks are complicit in the kleptocracy who decide to give much gold and say ok i'm ready to do some serious money laundering ok let's see how we did while we've got a nice laundry watch for max and for stacy oh beautiful jewelry and how about. luxury automobile again for max do you know what money laundering is highly illegal

for a watch guys record. welcome back a report from a washington think tank coauthored by famed economist jeffrey sachs estimated that more than forty thousand minutes way lies have died due to the effects of u.s. sanctions the report published by the center for economic policy research says the u.s. sanctions imposed in august of two thousand and seventeen have blocked access to food and critical medicines most specifically the report says that the sanctions prevented the importation of anti-retroviral drugs needed by eighty thousand patients with hiv as well as treatments for venezuelans in need of dialysis and those afflicted with cancer and diabetes mr sachs who the new york times has called the most important economist in the world said in a press release the american sanctions are deliberately aiming to wreck venezuela's

economy and thereby lead to regime change is a fruitless heartless illegal and failed policy causing grave harm to the venezuelan people. earlier today u.s. treasury secretary steven menuhin announced new sanctions against the venezuelan foreign minister. a strike in scandinavia is threatening to ground thousands of passengers heading into the weekend more than fourteen hundred pilots who want a new contract with s.a.'s airlines has stopped work and denmark norway and sweden nearly seven hundred flights with more than seventy two thousand booked passengers were canceled on friday another one hundred thousand aspiring air travelers because the their flights taken off the board by sunday the swedish airline pilots association statement emphasize their demands for change and scheduling with some pilots allegedly being made to work seven weekends in a row the union's communication director karen nyman describes the state of affairs

for example i can just say that we really have done everything we can reach more pollution but the demand as i have been on the table has been unrealistic and when you're asleep jeopardizing competitiveness policy. and circling back to the united states new g.d.p. numbers out today show surprising strength the latest figures from the u.s. commerce department show the u.s. economy growing at three point two percent in the first quarter hitting a level that exceeded expectations market watchers had been bracing for a much lower number after what felt like a full season of bad news including start market zigzags slowdowns in china and europe and the u.s. has continued entanglement and trade by across the pacific and their lead pick us president donald trump reacted to the new numbers with his usual sense of humility and position. which i believe very very low inflation

our economy is doing great number one in the world which nobody want to go on to be right in the world and it's not even close. this has been a good. good morning season week so far we've seen some strong beats by companies like amazon locking martin and coca-cola leading the broader markets higher however there's a key segment of the market that is lagging smallcaps and the past two months the russell two thousand has been much weaker with the end mix down one percent since february meanwhile the s. and p. five hundred is up more than four percent here to help us break it down is daniel shea director of options at simpler trading welcome. thank you so much so now this under-performance is really unusual we generally see smith cap stocks lead rallies as they tend to be less liquid when the market rises they get bid up quickly but we're not seeing that here why is that. you're right so we're not seeing that correlation and honestly i look back to last year and the way that the russell

performed last year so if you remember in the beginning of twenty eighteen the ruffle was flying right but what got hit so badly in the correction the russell and so for me when i look at this i say you know what after the correction when we had money pouring back into the stock market the money went into the large cap stocks the ones that are falling microsoft amazon facebook google and for that reason i think that the russell lagging many caps are currently known as leading indicators indicating the health of the overall market they hold more debt than their large cap peers so they're more sensitive to inflation and rates what should be our takeaway here at this juncture should we be worried. you know i do think it's something important to look at but at the same time correlations don't always work out and for me when i'm looking at the market and where the strength is i see a lot of strength in the cloud computing sector as the in the cyber security and in the large caps and for me those are also illiquid well not the large caps but the

other two are a bigger more illiquid names but they're also the flyers and so when you have a lot of money coming into those areas it gives me a lot of confidence in the market yes that's correct so russell lagging but i think that investors are just cautious after the way that it performed last year and i also think that the stocks within the sectors are are the ones that just are not as strong right now looking ahead on earnings we have google and apple reporting on monday and tuesday was in store for us. so for these two these are going to be the last of the things that are reporting earnings we've seen a little bit of a mixed bag so far after looking at netflix microsoft and amazon so first of all looking at both of them i would say they're incredibly strong they've had a lot of money coming into them but they're both very extended going in their earnings it's the same situation we have with the others if they are going to maintain that price point they have to absolutely blow away the numbers for me

because the other companies have already reported so positive and we've seen rather muted moves that's what i'm looking for as more of a muted move in these two we saw amazon didn't react at all even though they be spectacularly showed that the stock had already pretty much priced in all the good news already. yes exactly. look coming out we also have some very exciting i.p.o.'s we have hoover they recently revised their valuation down to eighty four billion in light of this struggle what do you make of this. i think that's incredibly smart i mean lift came in with much too high of a valuation and you've seen sellers come in day after day at this point now lift about fifty five percent high short interest a lot of people betting on the stock to continue to go down who were coming in at a lower price point at a lower valuation particularly after a lift so poorly is going to set them up for success of course they're not

profitable at this moment in time but they're continuing to expand their service offerings and i personally think it's a buy they are raising in order to try to expand and break into some international markets such as mexico but however mexico actually came out with some new regulations how is it we're going to be responding to this. so honestly i don't think that the worldwide market has been very good bird they have to deal with all of the different issues in europe with regulations as well and then they also have competition from companies that are starting up within their own countries so for me while i can see that trying to go worldwide i think that they would be better off if they were just focus on the u.s. and dominant dominating the u.s. . slike technologies is another one we have coming up ahead of their much anticipated i.p.o. they just released their earnings report showing tremendous revenue growth a four hundred point six million or two thousand eight hundred average their losses

are also growing to what can we expect from them. i think the flock has done a really good job of changing culture and changing the ways that people communicate within a company and so looking at their earnings reports i think the key factor that we can take away from this is that the majority of their earnings come from their corporate accounts right and they have a lot of free accounts however the reason why they're doing that is because they're getting people into their ecosystem so i think that's going to set them up in the future to be able to charge even a small subscription fee that will enable them to increase their margins exponentially because they're already going to have millions of people within their ecosystem so i think they're on the right path i love flock i think it's a buy animal look forward to seeing what happens when it comes out danielle sched director of options a simpler charity thank you so much. thank you. that's it by this time

you can catch a boom bust underactive it can operate twenty one dish network out to eighty or streaming twenty four seven and put a t.v. the free t.v. at one thirty two are as always had i thought that you to dot com five boom bust r.t. the next time. facebook and google started with a great idea and great ideals unfortunately it was also a very dark side. they are constructing a profile of you and that profile is real it's detailed and it never goes away turns out that google is manipulating your opinions from the very first character that you type into the search bar it will always favor one dog food over another one comparative shopping service over another and one candidate over another they

can suppress certain types of results deiced on what they think you should be see if they have this kind of power then democracy is an illusion the free and fair election doesn't exist the more growth we give them the sooner we are all. the good old if you don't sort the rulebook. for the fall to the soon. sobers you did something with me if you go back to cuba. already mentioned. that you were among the group. to build a movie didn't you except your then he says the pulls with folks like me the focus of the security.

oh. well sancho. we're going to produce a. city that. is a. divisive as this was when i was stopped at the push and i would. be neat politically falls needs to come. from. but ideally before it. has been. giving political guidance to the process so basically what i'm waiting for an altar politically. ideally extending from the moment you feel.

they can come and blow our brains out at any given time and we can't really do anything actually america is the only country in the world where you can kill people. war and legally get away with. well the fire crawls stillbirth all the trouble here is briefly all the points it's hollow flying to k.k.k. one exists because america wants it to exist they have the biggest terrorist group to ever operate in this country and they're dead to me they're worse also than the people who destroyed the world trade center of the scroll why i.

left miami in the headlines today moscow slams the eighteen month jail sentence of maria boots and failing to register as a foreign agent as an acceptable coming up we speak direct to her lawyer. and non of maria maria's extremities of the us were illegal. in and of themselves but she got caught up in this and she rushes to start. french media companies joined forces to condemn the country's intelligence service for questioning journalists about the leaked documents and sells to saudi arabia. controversies all through the district attorney in one u.s. state in texas stops prosecuting the theft of wants to as.