two 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 defense of 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 in forming 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. he didn't announce. expected by the yellow vests. the brand 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 b.r.r. 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 the china's latest moves we're happy to welcome international investor jim rogers so let me ask you there was a lot. expectations that the and at the second b.-r. i-c.

conference 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 chair what the chinese are doing now is gigantic it's going to change geography again porn 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 very important but 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 canet plan tell us the latest on that. well italians too it's not just the british of course the british are going to need all the friends they can get if they leave if they leave the but of course they have a long tradition in china some of it good some of it bad this would be good news for the brits of the if the chinese will have them. and china's making some really big moves they recently lobbied the southeast asian nations to include the yen and the u.n. 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 cham 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 are 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. all of it 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 expand it internationalize the yen to expand 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 is after know if i would 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 dreda 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 i 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 in the currency the yen euro and 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 is speculation that the u.s. 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 was 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 a net. big slowdown a recession that's the longest in american history anyway so we're overdue but don't worry this is normal the way the world works the chinese has started cutting back on the debt and they should say right thing to do but when you go from expanding debt to cutting debt you obviously slowdown china will slow down good for china if they can continue to do it which i hope they will. thank you so much for your time international investor jim rogers. there's a patch of oil sector arnie's 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 they are intent on inquiring anadarko petroleum despite a rival bid from occidental. exxon was on a worse trajectory than chevron and 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 eggs 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 is choppy all week ending pretty much flat and unchanged they 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 hunk sang 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 it up twelve percent below its i.p.o. price this follows 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. there 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. the sensex in 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 shows were down as they struggle to continue to track foreign investments over in europe the footsie also fell this week on some soft earnings number and the mining giant glencore a guy 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 best is up in salt paulo in brazil too they had a roller coaster week though as markets initially rose on the news of a vote on pension reform a drop soon after on worries the hurdles it would have to clear it finally ended

the week just slightly over in canada t s x t s x has had a decent week helped by higher oil prices however we. set the stage for a gloomy industrial outlook that then pulled back 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 on the i.p.o. despite taking a major hit on q one earnings. a simpler trading steers us through all the latest moves for ideas in the market. and as we go to break here are the numbers at the closing bell.

international memorial awards twenty nine t. the now open for entries. media professionals are eligible whether you are a freelance journalist work through terms of media or part of a global news conference to participate in published works and video. go to a war don't altie don't comb into now. imagine that you run a blood bank and in one room are dead patients they've been dead since two thousand and eight j.p. morgan goldman sachs deutsche bank b.n.p. society generali just b.c. . and 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 transfused blood to the dead banks next door that 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. for good only if you don't sort the rulebook. so i'll sell something. to measure typical someone playing if they don't. believe among the troops. who build them obama did before you accept your then he says and pulls with folks like me the

folks at the security just hold it where you go. oh. well and co. inclosure we're going to produce the. most. divisive as this was the one to stop the pushing i was. eating. i live the good. fight. i need no. need to.

be young. again. and we have learned things and the smiles and says this is it you know. why some peoples also take our things all the power just for themselves and that. 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 see their flights taken off the board by sunday the swedish airline pilots association statement emphasized their demand for. change in 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 . i can just say that we really have done everything to reach a solution but the demands that have been on the table have been unrealistic and i seriously just drives its competitiveness. 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 in trade bikes across the pacific and their lead tag us president donald trump reacted to the new numbers with his usual sense of humility and precision. where i live very very low and. our economy is doing great number one in the world we're number one economy right now in the world not even. this has been a good earnings season weak so far we've seen some strong beats by companies like amazon lockheed martin and coca-cola leading the broader markets higher however

there is a key segment of the market that is lagging smallcaps in the past two months the russell two thousand has been much weaker with the end next 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 danielle shea director of options at simpler trading welcome. thank you so much now this underperformance 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 russell was flying right 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 solid microsoft amazon facebook google and for that reason i think the russells lagging cement 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 i see a lot of strength in the cloud computing sector i see it 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 those are 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 the russells lagging but i think that investors are just cautious after the way that it performs 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 into earnings and 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 list came in with much too high of a valuation and you've seen sellers come in day after day at this point now with taz about fifty five percent high short interest a lot of people betting on the stock to continue to go down who are coming in at a lower price point at a lower valuation particularly after a lift has done 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 regulation 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 burger. 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 wall 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 dominate dominating the u.s. . slike technologies is another one we have coming up ahead of the much anticipated i.p.o. they just released their earnings report showing tremendous revenue growth of four hundred point six million for two thousand and eight however their losses are also growing too what can we expect from them. i think that 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 that the key factor that we can take away from this is that the majority of their earnings come from their

corporate accounts vary 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 slack i think it's a buy i'm going to look forward to seeing what happens when it comes out. of options a simpler trading thank you so much thank you. that's it by this time you can catch a boom bust on direct t.v. channel three twenty one dish network cannot two eighty or streaming twenty four seven on pluto t.v. the free t.v. channel one thirty two are as always had i thought that you to dot com boom bust r t c x 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 on what they think you should be seen if they have this kind of power then democracy is an illusion the free and fair election doesn't exist the more we give them the sooner we are all.

the good old if you don't. sit for the fall to the. simpers you did something with the trim if you go back to. the mission. they were among the group. to build a movie didn't you except your then he says and pulls for folks like me that the security. will and co. are going to produce a. device

if it does this is what i just hope that the pushing of additional forces. 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. all the fire crawls still. all the trouble here's the point it's hollow point to k.k.k. exists because america wants it to exist they have the biggest terrorist group to ever operate in this country and they're dead to media war saul's and the people who destroyed the world trade centers are the scroll.

what politicians do. put themselves on the line to get accepted or rejected. so when you want to be president. some want. to go right to the press it's like them before you know more than people. i'm interested in the winds of our. tax ties or financial survival guide stacey let's learn a salad fill out let's say i'm not so i get. grease from the fight.

thank you for taking. on the story that's right if you looked at slavery. montes khalid al how to international memorial awards twenty nineteen are now open for entries. media professionals are eligible whether you are a free lunch journalist terms of media or part of a global news talk to sometimes send us your published works and video. go toward. an end to now. this. month.

i. trying to save face to avoid looking ridiculous. just to show she is guilty of something. president. failing to register as a foreign agent an attempt by washington to save face we hear from her lawyer. in the us were illegal. in and of themselves caught up in this. signing up for the twenty first century.