people being tortured to death the elderly people in the dome. make these white horse will find themselves. and we. point to one of my teens in queens oh it's all sweats and a lot of. what are you going to have for dinner today we don't have anything i'm asking for a nice meat bad feelings civil war in south africa never to. profit from was there and not be in the tone of europe and to date. there is a cyclical nature to things thirsty globalization there's globalization 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 a story about what happens austria stray bullets kills a young girl in the streets. what happens to her family and daughters in florida you know the mother daughter is buried in a cemetery it really messes with your head what happens to the community the public was screaming for a scapegoat the police needed a scapegoat so why not choose a 19 year old black kid with a criminal record who better to pen this than him and what happens in court. shocked shocked as far as a side deal that we don't know children. and as.

we. deal with. children. this is boom bust broadcasting around the world uncovering the world of business and finance and the impact of this all of you know brutal and i'm kristie i in washington today we dive straight into the shell by taking a look at the markets in the wake of rising trade tensions. take a look at the dow dropping boarded up points off the open thursday morning as u.s. china trades worries us chip makers are taking a beating as they lose their biggest customers huawei purchases $20000000000.00

worth of sonny's each year loss of this business with severely reduce 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 u.s. 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 our take correspondence alex mahela bitch and rachel bludgeons welcome guys. so rachel we want to start with you how have 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 announced that they

will be cutting ties with while away as a result of the united states calls to block list the company now panasonic which is also based in japan and initially it looks 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 c they still comply under u.s. law now google also rocked back claims that it would be cutting ties with the wrong way and it has said that it will continue to provide software updates to while away phones for as long as updates still comply with laws here in the united states so it is notable because as the largest telecom equipment provider in the world huawei 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 gracious graces with the united states government and rachel we heard some comments from the chinese foreign minister in the introduction there what else are we hearing from the chinese officials about the united states decision to effect

a blacklist wall way right so when the united states kind of 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 and 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 and notably said that by going after wall wave the united states was creating its own global national security risk so it could have serious consequences over all but he also said that china is still open to trade talks as long as the negotiations are fair and build 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

themselves just from semiconductors so this is something that could have serious reforge cautions 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. 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 out a few dozen more seats of the b.a.p.'s dominating majority the sun 6 index in bombay rode the election results to a new record high spiking up by 2 and a half percent on the news mr modi hailed the result 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 so now for a quick pause for the promotional cause but stay tuned because on the other side in the wake of the crisis in the us bipartisan efforts are being made to target the peddlers of some of the most dangerous drugs on the market barrels of americas the lawyer will be on hand to help us comb through the case what are some of the past point investments on the market. and terra cotta always has us his perspective after the break and as we get a break here are the numbers that are causing. 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 great only implement from the inside venezuela things look different we're going to announce sanctions against. the venezuela so if you. have a supplement to. that person. that it is. the people of the moment the focus of the who story isn't new makes him 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. the economy scream so wants and making the economy of venezuela screed. we are not shy

to talk about. chinese navy blue water navy actually we have but if that if by century they will be developed hopefully. the military. would even crude of the chinese navy. most people think. is this 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 the news business is just the right questions and demand the right answer. question.

lake says and she forms part of a high altitude nature reserve. it's one of the famous chito room internees years preserving the waterway starts its journey. but the gulf can be sometime or lead to the top to bottom i got a septic binocs up. to grow in this 300 kilometers from source to mouth and there are over 200 industrial facilities ranged along as banks. come out on your muscle. limb but. you do 3 things. i like to focus the mind to be a. room irrigates over 4000 rice fields and supplies drinking water to 25000000 people. supplement for yes

or so married by so many of us about us remember all our people. seem wrong when all rolls just don't call. me new world that is yet to shape out disdain becomes to advocate and engage with equals betrayal. when so many find themselves worlds apart when she's to look for common ground. this footage is unique because the zoe tribal lands are normally off limits to the public erik's allowed in because he's his personal doctor. the. people here know him simply is dr eric he's rich and famous some always on the

sailing yachts and flying aircraft. considered one of the best neurosurgeons in brazil. that's happening. nothing's going to get the population going to people. welcome back the brazilian government has lowered the country's official economic

growth projections for 2019 by more than half a percent the economy ministry now says it expects growth of 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 in the boston area administration to hold off more budget austerity measures an official from the economy ministry said that there would be no more budget freezes this time around as there were when the last bimonthly economic report was released. and pakistani officials say that saudi arabia. as 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 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 that 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 bar the advertising of tobacco and nicotine 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 addictive nicked addictive nicotine products on the heels of a shocking report j.p. morgan chase and co has cut ties with purdue pharma over the oxy cotton maker is a legit brawl 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 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 on 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 whose 2011 guidelines that were 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 market. 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 have 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 their 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 produce pharma and these congressmen urged to to learn from the u.s. opioid epidemic which of course has 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. weka mandation for treating pain 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 cause. well 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 you at a time when methamphetamines were actually sold as an aid for homemakers to get get their joy of jobs done every day. to see how far we may not have. contributed to america's yes thanks for the. thank you. but klein has been on a surge recently but it's 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 traders 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 levels and this is where big should find some flooding as we consolidate tighter and tighter we are 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 that it wouldn't be is that surprising we have another one here if we break up this time in my top $1000.00 before we had that retracement joining us . we welcome co-chief investment officer of capital welcome. thanks so joey pentair is the 1st us big going to mess a 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 gaps others. yeah so we really kind of 2 big areas right now one is companies that we call bridging like 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 web applications 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 its earliest investors in less than 3 years and this pretty much translates into 6 point $6000000.00 for a $100000.00 stake so why are you guys involved in this and what exactly made them

so special. yeah so we actually were investors and block one but what what they did is they launched what's called a nice you know initial point offering and where they basically created a new crypto currency of an auction it off and they raised as far as i know more than pretty much anybody else from one of these i suppose they raised over $4000000000.00 in funding and apparently recently decided to kind of buy back some of their investors stakes using some of the capital of the raise. and joey we hear that you're invested in some of the top coins ripples e cash. 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 released 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 is signed to basically disinter mediate 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 into 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 auger 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 to use all the skill ability issues 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 now it's actually recently launched there what do you make of that. yeah i think by now. they're basically trying to create change that's noncustodial so the idea is that it's kind of centralized in a sense but the idea is that they be able to steal your money so it limits the risks of things like hacks if you look in the news recently by a sky hack 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 end user 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 at penn terra capital thank you so much for your time. thanks. and finally there is a new cutting edge and 21st century transportation and it's not right to healing but flying taxis now german startup vole 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 bowl culture will work with sky ports you was a u.k. firm to develop rooftop landing pads while brand brand identity for gold copter so 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 is like this would be absolutely amazing way to transfer to transpire like a morning commute and 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 2 or streaming 247 on. the free t.v. channel 132 or as always get us up at you tube dot com. 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 great only implement inside venezuela things look different we're going to announce sanctions against the to venezuela so as you. have a son of

a moment to. get out of that. data to move the people of the moment the focus of the who story isn't new makes him cold in henry kissinger to tell on it would not be tolerated in latin america. an alternative economic and social system could take hold and therefore the policy would be to make. the economy scream so once in a making the economy of venezuela screed. 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 the red players trump in all this.

there is a cyclical nature to things touristy globalization there's globalization there's lowering interest rates there's rising interest rates so when the interest rates rise hit the impact of the said will be instantaneous death. after the previous stage of my career was over everyone wondered what i was going to do next the ball different clubs on one hand it is logical to sort of go from fields where everything is familiar on the other i wanted a new challenge and a fresh perspective 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 think i was going to go. by the way ways of that slide here. is.

an attack on journalism and a direct assault on the 1st amendment reaction pulls in from the media free to groups is us all thought is false 17 new challenges against julian assange g.h. counting up to 10 years behind us. and emotional trees of a calls of the day announcing she will step down as conservative party leader on june 7th. i do so with no ill will but with enormous gratitude to have had the opportunity to serve the country i love. the philippines is threatening to dump tons of non.