true for most things exported from the u.s. to china so any tariffs on those products while they might affect price levels in the u.s. or in china and they might affect the level of trade between the u.s. and china they simply don't destroy the global supply chain so the rest of the world is hardly affected at all. what is it calling his magic and the new type of digital currency the centralized digital scarcity chancellor. of 2nd for bank that's called the genesis blog for reason calling it civil disobedience a source of optimism because i can control my own financial destiny it's just a new way of coming to consensus it's a game changer in the human history this is columbus discovering a new world this paradigm shifting technology that transforms economics and finance

in a heartbeat the apollo 11 landing on to the max and stacey. it was only days ago we were told the u.s. was preparing to strike iran for nonspecific reasons to deter specific threats then the narrative simply disappeared into thin air just exactly what is the trumpet ministrations policy regarding the red tape players trying you know. there is a cyclical nature to things there is to globalisation there's globalisation there's a lowering interest rates there's rising interest rates so when the interest rates rise that the impact will be instantaneous death.

this is boom boss broadcasting around the world in covering the world of business and finance and the impact on us all again a brutal and i'm christiania washington today we dive straight into the shell by taking a look at the markets in the wake of rising trade tension. take a look at the dow dropping boarded up points off the open thursday morning as u.s. china trade worries. us chip makers are taking a beating as they lose their biggest customers huawei purchases $20000000000.00 worth of sunny's each year loss of this business was severely reduced the competitiveness of the u.s. semi industry manufacturing pm eyes today fell to $50.00 now that is a 9 year low china now is taking a stronger tone with congress ministry saying talks can't continue unless us addresses its wrong actions the s. and p. is down 4.6 percent and the dow is down 4.8 percent in may both on track for the

worst may since 1970. here to fill us in on the market shifts are r t correspondent alex male image and rachel london's welcome guys. so rachel we want to start with you how the software and technology companies responded to the news to the u.s. that blacklisting huawei well so far toshiba which is based in japan and qualcomm and intel which are based here in the united states have all announce that they will be cutting ties with wall way as a result of the united states calls to block list the company now panasonic which is also based in japan and initially it looked like it may be cutting ties with wall way in suspending business transactions but it has come back around to say that it will continue some of those transactions because they still comply under he west law now google also walked back claims that it would be cutting ties with law

way and it has said that it will continue to provide software updates to all way phones for as long as those still comply with laws here in the united states so it is notable because as the largest telecom equipment provider in the world wild way provides a lot of opportunities for these companies so it's interesting to see that those companies are willing to cut ties with wall way in order to stay in good graces graces with the united states government and rachel we heard some comments from the chinese foreign minister in the introduction there were also we're hearing from the chinese officials about the united states decision to blacklist wall way right so when the united states came out and started to go after wall way it claimed that it was doing so because it was a national security risk here in the united states that it is notable because in response to that china is still calling for trade talks with the u.s. as spokesperson for china's commerce ministry came out and he notably said that by

going after wall wave the united states was creating its own global national security risk. we have a serious consequence over all but he also said that china is still open to trade talks as long as the negotiations are fair and built on mutual respect. so rachel we know that right now this is going to be a huge impact to the u.s. software business how how severe is this going to be for the broader u.s. tech market well like you mentioned they stand to lose around $20000000000.00 in cells just from semiconductors so this is something that could have serious reffer questions and it remains to be seen just how those companies will continue to act if they start to lose profits as a whole and if the united states government will step in to help them out or will change it changes the dealings with wall wave based on how those profits line up and our correspondent rachel blevins with the latest thanks for your time thank you

. the party of the indian prime minister narendra modi is on track for a stand alone majority in the lower house of the indian parliament candidates for mr modi's bharatiya janata party b j p are leading or have been declared the winner in 300 races while our parties will have a few dozen more seats of the b.a.p.'s dominating majority the sun 6 index and bombay road the election results to a new record high spiking up by 2 and a half percent on the news mr modi hailed the results tweeting together we will build a strong and inclusive india india wins yet again mr modi has victory came despite notably mixed results for his government on developing the indian economy. time now for a quick pause for the promotional cause but stay tuned because on the other side in the wake of the crippling opioid crisis in the u.s. bipartisan efforts are being made to try to get the peddlers of some of the most dangerous drugs on the market barrels america's lawyer will be on hand to help us

comb through the case plus what are some of the point investments on the market. terra cotta always gives us his perspective in the break and as we get a break here the numbers at the closing bell.

soaring and. the end of flag money money with flags on it or. paid or royal person good day. after the previous stage of my career was over everyone wondered what i was going to do next. different clubs. where everything is familiar. i wanted a new challenge and the fresh perspective i'm used to suppress it. why not give you . i'm going to talk about football narvi or else you can think i was going to go.

by the way what is it that's like here. in the lakes isn't she forms part of a high altitude nature reserve. it's one of the famous charo internees years principal of the waterway starts its journey. but it can be summed up at the top of my data set and. it runs 300 kilometers from source to mouth and there are over $200.00 industrial facilities ranged along its banks. i'm not on your muscle. so. you do 3 things. i don't like to tell someone to be a. room irrigates over 4000 rice fields and supplies

drinking water to 25000000 people. will gets a pool or so married by so many possible that a member of our people. welcome back the brazilian government has lowered the country's official economic growth projections for 2019 by more than half a percent they khana mean ministry now says it expects world a 1.6 percent for brazil. this year versus previous expectations of 2.2 percent growth at the same time the ministry also revised projected inflation for $2900.00 slightly upwards from 3.8 percent to 4 point one percent the new figures seem to have convinced brazilian policymakers and the bonsai narrow administration to hold

off more budget austerity measures an official from the economy ministry said that there would be no more budget raises this time around as there were when the last bimonthly economic report was released. and pakistani officials say that saudi arabia has agreed agreed to defer $9600000000.00 in payments for oil shipments for 3 years pakistan would have had to pay $275000000.00 per month for the oil if the saudi monarchy had not offered the financial reprieve the latest credit package is a significant addition to the $6000000000.00 saudi loan to pakistan and the government of new prime minister prime minister in iran khan that was announced last october mr khan's primary economic adviser fees shaikh thanked saudi crown prince mohammed bin solomon for the deferred building on twitter the saudi crown prince is widely believed to be wooing pakistani leaders to maintain current relationships with the united states and support a peace deal with the taliban in neighboring afghanistan. and then

a coalition of more than $100.00 public health advocacy organizations from 40 countries around the world are pushing social media companies to regulate paid social media influencers who promote bacco use to be clear the groups are targeting targeting new so-called heated tobacco products to deliver doses of nicotine to users by warming that's about go to a temperature below burning these devices are distinct from vaporizers which use nicotine liquid or salts to deliver a dose of the addictive drug to users the public health advocates say that the practice of paying social media influencers to recommend or feature the tobacco products exploits an apparent loophole in policies that social media companies but far the. ties in of tobacco and the products even worse the group say the choice of social media influencers is effectively a means of targeting youth and children for cancer causing tobacco and addicted to nicotine products on the heels of a shocking report j.p.

morgan chase and co has cut ties with purdue pharma over the makers alleged role in the u.s. opioid crisis the report from the members of the u.s. congress says the world health organization has been corrupted by purdue pharma and the company is using the trusted health agency to sell more opioids around the globe and the long line of legal problems facing the pharmaceutical company legal journalist molly ball up barrels contributor with america's lawyer is here with more. markham ali. hi thank you so much other problems just keep piling up for produce pharma and j.p. morgan chase cutting ties as happened just today is just one of the most recent things that this company pharmaceutical company has been facing j.p. morgan essentially saying we're worried about reputational risks and even though they don't provide financing they do manage some cash and other business transactions so they have given a morning they found another bank to help them with those things but they are definitely distancing themselves and as you said it comes on the heels of this

report from congress where it's a it's originally from these representatives katherine clark and how rogers who represent districts in massachusetts and kentucky 2 states of course hit hard by the nationwide opioid epidemic and these representatives are investigating the addiction crisis and they say their findings reveal that produce pharma the company that kick started the u.s. opioid epidemic although they deny that managed to convince the world health organization or who to change her scribing guidelines on the highly addictive painkillers all the sales around the world so the report is called corrupting influence produced and the w.h.o. in it they talk about a web of influence pharma funded organizations and specialists who influence the health agencies policy and opioids and of course encourage them to. prescribe it far more loosely and as a result they say who which is a trusted or once was anyway a trusted organization is basically marketing produce pills for them they say who's guidelines for prescribing them mirror produce marketing strategies which are of course geared towards boosting prescriptions and making more money so they use

examples like 2011 guidelines that report repeat produce discredited claims that there is no need to fear accidental death or dependence on opioids and we now know that that is certainly not true even in 2007 the company pleaded guilty to a criminal offense of false marketing with similar claims including telling their training sales reps to wrongly claim that the drug was less addictive and even more effective than other opioids so it's going to be interesting to see what other fallout purdue has from these continuing accusations guys and certainly in this report produce farmers for him is the main villain but it also implicates the w.h.o. as you say if they had been corrupted by an outside influence it certainly doesn't reflect well on them what is the w.h.o. have to say about this report in their defense. so far not much they're basically reviewing the report and i guess they'll take a look at that and hopefully eventually respond but these congressional representatives have been trying to get a response from w.h.o.

for a couple years they sent a letter a couple of years ago from congress basically saying hey look out these pharmaceutical companies are going to be manipulating you to boost their sales and push them globally and they specifically warned about purdue pharma and monday pharma international which is a u.k. based network of global companies owned by members of the sackler family which owns pretty pharma and these congressmen urged to to learn from the u.s. opioid epidemic which of course is claimed 400000 lives over the past 20 years half of that due to overdose deaths from prescription pill so some of these details that are coming out of this investigative report are chilling and they mirror similar accusations that are coming from lawsuits from attorneys general. against the company from across the globe as far as these you know pitching these opioids is safe when they really downplayed the risks and oversold how effective they are so here are some of the details that they're talking about that they found with the w.h.o. recommendations for treating pe in their original recommendations used to be hey

guys start with a combination of non-narcotic prescriptions with low strength opioids before you progress to the stronger strength ones then they change as guidelines this report says not necessarily do that just to go straight using high dosage opioids like oxy cotton and the report also says that w.h.o. had documents on opioids they have another doctor that they use on opiates for children which uses a term like opiate phobia and that's a term that the industry uses to break down resistance to prescribe a narcotic painkiller so it seems like this is a real concerted effort at least according to these accusations barbara do pharma to basically manipulate w.h.o. into carrying their message it sounds almost like those old time the ads you would see with a time when methamphetamines rationally sold as an aid for homemakers to get get their joy of jobs done every day. to see how far we may not and come contributor to america's yes thanks for the. thank you.

but klein has been on a surge recently but its start to slow down at the 8000 level double topping 8300 and failing to punch through we see big consolidating a little bit and taking a breather pulling back which has a lot of trade as a concern in the near term of how far will we drop this time we've had support coming in at the 7400 back here on may 17th so we might go back there and retest that support level but before we reach that i would really want to point out that when it still comes then saying formation take a look at the volume at these low. and this is where big should find some flooding as we consolidate tighter and tighter we're going to have to watch for the next massive candle which should give us some indication or direction of whether we break up or break down there is a lot of talk about a 30 percent correction as it seems like we're overdue for one in this rally that

began in february there were at least 930 percent corrections in the past in the last up trend so they wouldn't be is that surprising we have another one here if we break up this time in my top 1000 before we had that retracement joining us to talk we welcome co-chief investment officer of capital welcome. thanks so joey pentair is the 1st u.s. big going to investment firm and you guys are focused on groundbreaking block chain mentors what is your investment thesis when you're looking at these companies and are there any particular sectors that you focus on such as privacy gaming caps others. so we really kind of 2 big areas right now one is companies that we call bridge unlike financial system with crypto the other is really low level it's a shock because the thing about this space is it's so early and it's so new and so nascent that a lot of the things you have for making it very easy to develop without locations

just don't exist at all in crypto yet so those are the 2 categories of things we're finding basically feet on ramps to make it easy to buy crypto things that make it easy for developers to build applications in the space. absolutely block one was actually one of those and they made history this week by returning more than 6500 percent returns to as early as investors in less than 3 years and this pretty much translates into 6 point $6000000.00 for a $100000.00 stake so where you guys are involved in this and what exactly made them so special. yes so we actually were investors in block one but what what they did is they launched what's called a nice you know initial coin. offering where they basically created a new crypto currency and then auction it off and they raise as far as i know more than pretty much anybody else for one of these i ceo's they raised over 4000000000 dollars in funding and apparently recently decided to buy back some of their

investors stakes using some of the capital they raised. and joey we hear that you're invested in some of the top coins ripples. qin brave and some other ones our viewers may know what are some of the new developments coming out of those companies what's going to be the next catalyst for them. yes i mean if you look at brave they just recently launched a thing that allows you to basically get paid to view ads in their web browser so they've built a really fast privacy focused web browser where you can kind of opt in to seeing ads and they just kind of release that feature you know the long game for brave is to really try to go after the google ad market to the marketplace google takes place and where they take you know almost half of all of transaction value brave this is signed to basically disintermediation that market the other example i'd say is 0 x. which later this fall is going to launch a version 3 and that's pretty important because right now most of the clarity on the 0 x. is actually not shared so 0 x.

is a trading platform where you can trade cryptocurrency s. with people in a sort of peer to peer fashion right now there's a bunch of isolated sites built on top of it where they don't really share the underlying clarity in those markets and so version 3 and 0 x. is going to solve that problem so that should launch this fall and pretty pretty impactful and joey what would you say is the biggest challenge facing the industry today. yeah i would just say the biggest challenge is these networks are really slow so as an example if you look at you know 0 x. or augur where people are basically trying to trade they can't do it very well because on a theory you can only do 10 transactions per 2nd and those transactions are quite expensive you know think for $5.00 just to do a single trade and so the big challenge is the space to solve is how you saw the scale ability issue how do you make law change go from doing 10 transactions per 2nd to you know a few 1000 like something like these it does. absolutely and i know that the decentralized exchanges are working really hard to fix that problem so by actually

we. only launch there what do you make of that. yeah i mean i think by now. they're basically trying to create a decentralized exchange that's noncustodial so the idea is that it's kind of centralized in a sense but the idea is that they themselves should be able to steal your money so it limits the risks of things like hacks if you look in the news recently baez got hacked for about $40000000.00 and so you see them kind of moving in this exchange direction probably to try to limit that issue so the idea is that as an induced or you trade with your own money but the exchange actually never has custody of your own funds it's kind of the idea. joey the co-chief investment officer pentad capital thank you so much for your time. thanks. and finally there is a new cutting edge in 21st century transportation and it's not right to healing but flying taxis now german startup volvo copters says they will proceed with tests of

what they call electric electric vertical and take off and landing vehicles in other words helicopters in singapore planned for later this year or will work with sky ports a year was a u.k. firm to develop rooftop landing pads while brand lab craft a brand identity for volvo copter so kristie you know if you're in singapore in the year 2020 would you would take a flying taxi absolutely i mean have you seen the traffic conditions in singapore it's almost as bad as new york's like this would be absolutely amazing way to transfer to transpire like morning communion every day you know you could just land on the building where you're meeting anyway that's it for this time you could boom bust on direct t.v. channel 321 dish network channel 280 or streaming 247 on pluto t.v. the free t.v. channel 132 or as always get us up at you tube dot com slash.

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eh eh eh. oh. so soft soft slick. place. and very well might continue watching us in such. it was only days ago we were told the u.s. was preparing to strike iran for nonspecific reasons to deter nonspecific threats

then the narrative simply disappeared into thin air just exactly what is the trumpet ministrations policy regarding iran players tromp you know this. really there's there's not much happening in the global economy as a result of the u.s. china so-called trade war just to put things in perspective you know most things that are exported from china see united states are exported as finished products of the same holds true for most things exported from the u.s. to china so any tariffs on those products while they might affect price levels in the u.s. or in china and they might affect the level of trade between the u.s. and china they simply don't disrupt the global supply chain the rest of the world is hardly affected at all. most people think just stand out in this business you need to be the 1st one on top

of the story or the person with the loudest voice of the biggest raid in truth to stand down lose this is just the right questions and demand the right answer. questions. international economic forum is a unique. business world. over the last 21 years the forum has become a leading global platform for discussing the key economic issues facing russia emerging markets the world thousands of business community members to address today's abidal issues. special forum coverage.

of the tense situation in venezuela is still all over the news the problem in venezuela is not that socialism has been poorly implemented but that socialism has been faithfully implement from the inside but things are different we're going to announce sanctions against. venezuela so see you. have a son of a moment to. get out of that. battle to move the people who. own the focus the who story makes. henry kissinger to tell on that not be tolerated in latin america. an alternative economic and social system could take hold and therefore the policy would be to make. economy scream so wants and making the economy of venezuela screed.

that. was. washington announces 70 new charges on the wiki leaks co-founder julian a song if convicted he faces up to 10 years in jail on each count. journalists and activists around the world are condemning the additional charges against a song by the united states as an assault on press freedom. hidden dangers a report claims hundreds of household items sold in the e.u. could contain home for chemical. plus 5 more years the world's biggest elections these be incumbent prime minister hands another time in india look at whether the perceived at least most of his closest rival have to turn off to voters .